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LOUISIANA-PACIFIC CORP（LPX）与TREX CO INC（TREX）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是TREX CO INC的3.5倍（$566.0M vs $161.1M）。TREX CO INC净利率更高（1.4% vs -1.4%，领先2.8%）。TREX CO INC同比增速更快（-3.9% vs -16.9%）。TREX CO INC自由现金流更多（$22.1M vs $-8.0M）。过去两年LOUISIANA-PACIFIC CORP的营收复合增速更高（-11.6% vs -34.3%）
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
Trex公司是木塑复合替代板材、住宅护栏及其他户外用品的制造商，产品采用回收材料生产，总部位于美国弗吉尼亚州温彻斯特，是户外家居建材领域的知名企业，主打环保耐用的户外搭建解决方案。
LPX vs TREX — 直观对比
营收规模更大
LPX
是对方的3.5倍
$161.1M
营收增速更快
TREX
高出13.0%
-16.9%
净利率更高
TREX
高出2.8%
-1.4%
自由现金流更多
TREX
多$30.1M
$-8.0M
两年增速更快
LPX
近两年复合增速
-34.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $161.1M |
| 净利润 | $-8.0M | $2.3M |
| 毛利率 | 15.0% | 30.2% |
| 营业利润率 | -1.6% | 2.2% |
| 净利率 | -1.4% | 1.4% |
| 营收同比 | -16.9% | -3.9% |
| 净利润同比 | -112.9% | -76.4% |
| 每股收益（稀释后） | $-0.12 | $0.03 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LPXTREX
| Q4 25 | $566.0M | $161.1M | ||
| Q3 25 | $663.0M | $285.3M | ||
| Q2 25 | $755.0M | $387.8M | ||
| Q1 25 | $724.0M | $340.0M | ||
| Q4 24 | $681.0M | $167.6M | ||
| Q3 24 | $722.0M | $233.7M | ||
| Q2 24 | $814.0M | $376.5M | ||
| Q1 24 | $724.0M | $373.6M |
净利润LPXTREX
| Q4 25 | $-8.0M | $2.3M | ||
| Q3 25 | $9.0M | $51.8M | ||
| Q2 25 | $54.0M | $75.9M | ||
| Q1 25 | $91.0M | $60.4M | ||
| Q4 24 | $62.0M | $9.8M | ||
| Q3 24 | $90.0M | $40.6M | ||
| Q2 24 | $160.0M | $87.0M | ||
| Q1 24 | $108.0M | $89.1M |
毛利率LPXTREX
| Q4 25 | 15.0% | 30.2% | ||
| Q3 25 | 19.5% | 40.5% | ||
| Q2 25 | 23.6% | 40.8% | ||
| Q1 25 | 27.2% | 40.5% | ||
| Q4 24 | 23.8% | 32.7% | ||
| Q3 24 | 26.7% | 39.9% | ||
| Q2 24 | 32.3% | 44.7% | ||
| Q1 24 | 29.6% | 45.4% |
营业利润率LPXTREX
| Q4 25 | -1.6% | 2.2% | ||
| Q3 25 | 2.7% | 24.7% | ||
| Q2 25 | 10.6% | 26.4% | ||
| Q1 25 | 16.6% | 24.0% | ||
| Q4 24 | 11.0% | 9.2% | ||
| Q3 24 | 16.1% | 23.2% | ||
| Q2 24 | 23.8% | 31.1% | ||
| Q1 24 | 20.0% | 31.9% |
净利率LPXTREX
| Q4 25 | -1.4% | 1.4% | ||
| Q3 25 | 1.4% | 18.1% | ||
| Q2 25 | 7.2% | 19.6% | ||
| Q1 25 | 12.6% | 17.8% | ||
| Q4 24 | 9.1% | 5.8% | ||
| Q3 24 | 12.5% | 17.4% | ||
| Q2 24 | 19.7% | 23.1% | ||
| Q1 24 | 14.9% | 23.8% |
每股收益（稀释后）LPXTREX
| Q4 25 | $-0.12 | $0.03 | ||
| Q3 25 | $0.13 | $0.48 | ||
| Q2 25 | $0.77 | $0.71 | ||
| Q1 25 | $1.30 | $0.56 | ||
| Q4 24 | $0.90 | $0.10 | ||
| Q3 24 | $1.28 | $0.37 | ||
| Q2 24 | $2.23 | $0.80 | ||
| Q1 24 | $1.48 | $0.82 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $292.0M | $3.8M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $1.0B |
| 总资产 | $2.6B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.20× | — |
8季度趋势，按日历期对齐
现金及短期投资LPXTREX
| Q4 25 | $292.0M | $3.8M | ||
| Q3 25 | $316.0M | $11.4M | ||
| Q2 25 | $333.0M | $5.5M | ||
| Q1 25 | $256.0M | $5.0M | ||
| Q4 24 | $340.0M | $1.3M | ||
| Q3 24 | $346.0M | $12.8M | ||
| Q2 24 | $317.0M | $1.2M | ||
| Q1 24 | $244.0M | $3.1M |
总债务LPXTREX
| Q4 25 | $348.0M | — | ||
| Q3 25 | $348.0M | — | ||
| Q2 25 | $348.0M | — | ||
| Q1 25 | $348.0M | — | ||
| Q4 24 | $348.0M | — | ||
| Q3 24 | $347.0M | — | ||
| Q2 24 | $347.0M | — | ||
| Q1 24 | $347.0M | — |
股东权益LPXTREX
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $989.3M | ||
| Q1 25 | $1.7B | $910.1M | ||
| Q4 24 | $1.7B | $850.1M | ||
| Q3 24 | $1.7B | $887.9M | ||
| Q2 24 | $1.7B | $894.9M | ||
| Q1 24 | $1.6B | $804.1M |
总资产LPXTREX
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $2.7B | $1.5B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $2.5B | $1.3B | ||
| Q1 24 | $2.5B | $1.3B |
负债/权益比LPXTREX
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.21× | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.21× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $67.0M | $65.5M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $22.1M |
| 自由现金流率自由现金流/营收 | -1.4% | 13.7% |
| 资本支出强度资本支出/营收 | 13.3% | 26.9% |
| 现金转化率经营现金流/净利润 | — | 28.45× |
| 过去12个月自由现金流最近4个季度 | $91.0M | $134.5M |
8季度趋势，按日历期对齐
经营现金流LPXTREX
| Q4 25 | $67.0M | $65.5M | ||
| Q3 25 | $89.0M | $196.9M | ||
| Q2 25 | $162.0M | $249.8M | ||
| Q1 25 | $64.0M | $-154.0M | ||
| Q4 24 | $105.0M | $-8.5M | ||
| Q3 24 | $183.0M | $132.8M | ||
| Q2 24 | $212.0M | $193.7M | ||
| Q1 24 | $105.0M | $-174.0M |
自由现金流LPXTREX
| Q4 25 | $-8.0M | $22.1M | ||
| Q3 25 | $5.0M | $142.9M | ||
| Q2 25 | $94.0M | $203.0M | ||
| Q1 25 | $0 | $-233.5M | ||
| Q4 24 | $43.0M | $-89.3M | ||
| Q3 24 | $139.0M | $54.5M | ||
| Q2 24 | $176.0M | $158.2M | ||
| Q1 24 | $64.0M | $-211.8M |
自由现金流率LPXTREX
| Q4 25 | -1.4% | 13.7% | ||
| Q3 25 | 0.8% | 50.1% | ||
| Q2 25 | 12.5% | 52.3% | ||
| Q1 25 | 0.0% | -68.7% | ||
| Q4 24 | 6.3% | -53.3% | ||
| Q3 24 | 19.3% | 23.3% | ||
| Q2 24 | 21.6% | 42.0% | ||
| Q1 24 | 8.8% | -56.7% |
资本支出强度LPXTREX
| Q4 25 | 13.3% | 26.9% | ||
| Q3 25 | 12.7% | 18.9% | ||
| Q2 25 | 9.0% | 12.1% | ||
| Q1 25 | 8.8% | 23.4% | ||
| Q4 24 | 9.1% | 48.2% | ||
| Q3 24 | 6.1% | 33.5% | ||
| Q2 24 | 4.4% | 9.4% | ||
| Q1 24 | 5.7% | 10.1% |
现金转化率LPXTREX
| Q4 25 | — | 28.45× | ||
| Q3 25 | 9.89× | 3.80× | ||
| Q2 25 | 3.00× | 3.29× | ||
| Q1 25 | 0.70× | -2.55× | ||
| Q4 24 | 1.69× | -0.87× | ||
| Q3 24 | 2.03× | 3.27× | ||
| Q2 24 | 1.32× | 2.23× | ||
| Q1 24 | 0.97× | -1.95× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
TREX
暂无分部数据
