vs
LOUISIANA-PACIFIC CORP（LPX）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Ubiquiti Inc.的季度营收约是LOUISIANA-PACIFIC CORP的1.4倍（$814.9M vs $566.0M），Ubiquiti Inc.净利率更高（28.7% vs -1.4%，领先30.1%），Ubiquiti Inc.同比增速更快（35.8% vs -16.9%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-8.0M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -11.6%）
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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
LPX vs UI — 直观对比
营收规模更大
UI
是对方的1.4倍
$566.0M
营收增速更快
UI
高出52.7%
-16.9%
净利率更高
UI
高出30.1%
-1.4%
自由现金流更多
UI
多$268.3M
$-8.0M
两年增速更快
UI
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $814.9M |
| 净利润 | $-8.0M | $233.6M |
| 毛利率 | 15.0% | 45.9% |
| 营业利润率 | -1.6% | 35.9% |
| 净利率 | -1.4% | 28.7% |
| 营收同比 | -16.9% | 35.8% |
| 净利润同比 | -112.9% | 70.8% |
| 每股收益（稀释后） | $-0.12 | $3.86 |
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LPXUI
| Q4 25 | $566.0M | $814.9M | ||
| Q3 25 | $663.0M | $733.8M | ||
| Q2 25 | $755.0M | $759.2M | ||
| Q1 25 | $724.0M | $664.2M | ||
| Q4 24 | $681.0M | $599.9M | ||
| Q3 24 | $722.0M | $550.3M | ||
| Q2 24 | $814.0M | $507.5M | ||
| Q1 24 | $724.0M | $493.0M |
净利润LPXUI
| Q4 25 | $-8.0M | $233.6M | ||
| Q3 25 | $9.0M | $207.9M | ||
| Q2 25 | $54.0M | $266.7M | ||
| Q1 25 | $91.0M | $180.4M | ||
| Q4 24 | $62.0M | $136.8M | ||
| Q3 24 | $90.0M | $128.0M | ||
| Q2 24 | $160.0M | $103.8M | ||
| Q1 24 | $108.0M | $76.3M |
毛利率LPXUI
| Q4 25 | 15.0% | 45.9% | ||
| Q3 25 | 19.5% | 46.0% | ||
| Q2 25 | 23.6% | 45.1% | ||
| Q1 25 | 27.2% | 44.5% | ||
| Q4 24 | 23.8% | 41.2% | ||
| Q3 24 | 26.7% | 42.1% | ||
| Q2 24 | 32.3% | 40.2% | ||
| Q1 24 | 29.6% | 35.3% |
营业利润率LPXUI
| Q4 25 | -1.6% | 35.9% | ||
| Q3 25 | 2.7% | 35.7% | ||
| Q2 25 | 10.6% | 34.4% | ||
| Q1 25 | 16.6% | 34.2% | ||
| Q4 24 | 11.0% | 29.8% | ||
| Q3 24 | 16.1% | 30.7% | ||
| Q2 24 | 23.8% | 27.3% | ||
| Q1 24 | 20.0% | 22.6% |
净利率LPXUI
| Q4 25 | -1.4% | 28.7% | ||
| Q3 25 | 1.4% | 28.3% | ||
| Q2 25 | 7.2% | 35.1% | ||
| Q1 25 | 12.6% | 27.2% | ||
| Q4 24 | 9.1% | 22.8% | ||
| Q3 24 | 12.5% | 23.3% | ||
| Q2 24 | 19.7% | 20.5% | ||
| Q1 24 | 14.9% | 15.5% |
每股收益（稀释后）LPXUI
| Q4 25 | $-0.12 | $3.86 | ||
| Q3 25 | $0.13 | $3.43 | ||
| Q2 25 | $0.77 | $4.40 | ||
| Q1 25 | $1.30 | $2.98 | ||
| Q4 24 | $0.90 | $2.26 | ||
| Q3 24 | $1.28 | $2.12 | ||
| Q2 24 | $2.23 | $1.72 | ||
| Q1 24 | $1.48 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $348.0M | $47.5M |
| 股东权益账面价值 | $1.7B | $1.0B |
| 总资产 | $2.6B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资LPXUI
| Q4 25 | $292.0M | $302.8M | ||
| Q3 25 | $316.0M | $177.2M | ||
| Q2 25 | $333.0M | $149.7M | ||
| Q1 25 | $256.0M | $151.0M | ||
| Q4 24 | $340.0M | $133.1M | ||
| Q3 24 | $346.0M | $165.2M | ||
| Q2 24 | $317.0M | $126.3M | ||
| Q1 24 | $244.0M | $102.5M |
总债务LPXUI
| Q4 25 | $348.0M | $47.5M | ||
| Q3 25 | $348.0M | $133.8M | ||
| Q2 25 | $348.0M | $250.0M | ||
| Q1 25 | $348.0M | $340.0M | ||
| Q4 24 | $348.0M | $406.3M | ||
| Q3 24 | $347.0M | $552.5M | ||
| Q2 24 | $347.0M | $708.1M | ||
| Q1 24 | $347.0M | $877.5M |
股东权益LPXUI
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.7B | $828.4M | ||
| Q2 25 | $1.7B | $668.3M | ||
| Q1 25 | $1.7B | $436.1M | ||
| Q4 24 | $1.7B | $290.4M | ||
| Q3 24 | $1.7B | $188.1M | ||
| Q2 24 | $1.7B | $95.1M | ||
| Q1 24 | $1.6B | $25.9M |
总资产LPXUI
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $2.7B | $1.5B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.6B | $1.2B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B | ||
| Q1 24 | $2.5B | $1.2B |
负债/权益比LPXUI
| Q4 25 | 0.20× | 0.05× | ||
| Q3 25 | 0.20× | 0.16× | ||
| Q2 25 | 0.20× | 0.37× | ||
| Q1 25 | 0.21× | 0.78× | ||
| Q4 24 | 0.21× | 1.40× | ||
| Q3 24 | 0.21× | 2.94× | ||
| Q2 24 | 0.21× | 7.45× | ||
| Q1 24 | 0.21× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $260.3M |
| 自由现金流率自由现金流/营收 | -1.4% | 31.9% |
| 资本支出强度资本支出/营收 | 13.3% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $91.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流LPXUI
| Q4 25 | $67.0M | $263.9M | ||
| Q3 25 | $89.0M | $198.5M | ||
| Q2 25 | $162.0M | $130.4M | ||
| Q1 25 | $64.0M | $123.6M | ||
| Q4 24 | $105.0M | $152.4M | ||
| Q3 24 | $183.0M | $233.7M | ||
| Q2 24 | $212.0M | $231.4M | ||
| Q1 24 | $105.0M | $163.9M |
自由现金流LPXUI
| Q4 25 | $-8.0M | $260.3M | ||
| Q3 25 | $5.0M | $193.3M | ||
| Q2 25 | $94.0M | $125.2M | ||
| Q1 25 | $0 | $120.7M | ||
| Q4 24 | $43.0M | $150.4M | ||
| Q3 24 | $139.0M | $231.1M | ||
| Q2 24 | $176.0M | $229.5M | ||
| Q1 24 | $64.0M | $160.6M |
自由现金流率LPXUI
| Q4 25 | -1.4% | 31.9% | ||
| Q3 25 | 0.8% | 26.3% | ||
| Q2 25 | 12.5% | 16.5% | ||
| Q1 25 | 0.0% | 18.2% | ||
| Q4 24 | 6.3% | 25.1% | ||
| Q3 24 | 19.3% | 42.0% | ||
| Q2 24 | 21.6% | 45.2% | ||
| Q1 24 | 8.8% | 32.6% |
资本支出强度LPXUI
| Q4 25 | 13.3% | 0.4% | ||
| Q3 25 | 12.7% | 0.7% | ||
| Q2 25 | 9.0% | 0.7% | ||
| Q1 25 | 8.8% | 0.4% | ||
| Q4 24 | 9.1% | 0.3% | ||
| Q3 24 | 6.1% | 0.5% | ||
| Q2 24 | 4.4% | 0.4% | ||
| Q1 24 | 5.7% | 0.7% |
现金转化率LPXUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | 9.89× | 0.95× | ||
| Q2 25 | 3.00× | 0.49× | ||
| Q1 25 | 0.70× | 0.68× | ||
| Q4 24 | 1.69× | 1.11× | ||
| Q3 24 | 2.03× | 1.83× | ||
| Q2 24 | 1.32× | 2.23× | ||
| Q1 24 | 0.97× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
