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LOUISIANA-PACIFIC CORP（LPX）与维蒙特工业（VMI）财务数据对比。点击上方公司名可切换其他公司
维蒙特工业的季度营收约是LOUISIANA-PACIFIC CORP的1.8倍（$1.0B vs $566.0M），维蒙特工业净利率更高（10.5% vs -1.4%，领先11.9%），维蒙特工业同比增速更快（6.2% vs -16.9%），过去两年维蒙特工业的营收复合增速更高（-0.5% 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。
维蒙特工业是美国大型上市制造企业，核心产品包括Valley品牌中心支轴及线性灌溉设备、风电机组支撑结构、照明与交通信号灯杆、钢制公用设施杆塔，在全球农业设备及基建配套领域拥有领先的市场地位和技术优势。
LPX vs VMI — 直观对比
营收规模更大
VMI
是对方的1.8倍
$566.0M
营收增速更快
VMI
高出23.1%
-16.9%
净利率更高
VMI
高出11.9%
-1.4%
两年增速更快
VMI
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $1.0B |
| 净利润 | $-8.0M | $108.0M |
| 毛利率 | 15.0% | 30.8% |
| 营业利润率 | -1.6% | 15.1% |
| 净利率 | -1.4% | 10.5% |
| 营收同比 | -16.9% | 6.2% |
| 净利润同比 | -112.9% | 23.8% |
| 每股收益（稀释后） | $-0.12 | $5.51 |
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LPXVMI
| Q1 26 | — | $1.0B | ||
| Q4 25 | $566.0M | $1.0B | ||
| Q3 25 | $663.0M | $1.0B | ||
| Q2 25 | $755.0M | $1.1B | ||
| Q1 25 | $724.0M | $969.3M | ||
| Q4 24 | $681.0M | $1.0B | ||
| Q3 24 | $722.0M | $1.0B | ||
| Q2 24 | $814.0M | $1.0B |
净利润LPXVMI
| Q1 26 | — | $108.0M | ||
| Q4 25 | $-8.0M | $168.0M | ||
| Q3 25 | $9.0M | $99.0M | ||
| Q2 25 | $54.0M | $-4.0M | ||
| Q1 25 | $91.0M | $87.3M | ||
| Q4 24 | $62.0M | $77.7M | ||
| Q3 24 | $90.0M | $83.1M | ||
| Q2 24 | $160.0M | $99.7M |
毛利率LPXVMI
| Q1 26 | — | 30.8% | ||
| Q4 25 | 15.0% | 29.8% | ||
| Q3 25 | 19.5% | 30.4% | ||
| Q2 25 | 23.6% | 30.6% | ||
| Q1 25 | 27.2% | 30.0% | ||
| Q4 24 | 23.8% | 30.2% | ||
| Q3 24 | 26.7% | 29.6% | ||
| Q2 24 | 32.3% | 30.8% |
营业利润率LPXVMI
| Q1 26 | — | 15.1% | ||
| Q4 25 | -1.6% | 11.2% | ||
| Q3 25 | 2.7% | 13.5% | ||
| Q2 25 | 10.6% | 2.8% | ||
| Q1 25 | 16.6% | 13.2% | ||
| Q4 24 | 11.0% | 11.6% | ||
| Q3 24 | 16.1% | 12.3% | ||
| Q2 24 | 23.8% | 14.2% |
净利率LPXVMI
| Q1 26 | — | 10.5% | ||
| Q4 25 | -1.4% | 16.2% | ||
| Q3 25 | 1.4% | 9.5% | ||
| Q2 25 | 7.2% | -0.4% | ||
| Q1 25 | 12.6% | 9.0% | ||
| Q4 24 | 9.1% | 7.5% | ||
| Q3 24 | 12.5% | 8.1% | ||
| Q2 24 | 19.7% | 9.6% |
每股收益（稀释后）LPXVMI
| Q1 26 | — | $5.51 | ||
| Q4 25 | $-0.12 | $9.02 | ||
| Q3 25 | $0.13 | $4.98 | ||
| Q2 25 | $0.77 | $-1.53 | ||
| Q1 25 | $1.30 | $4.32 | ||
| Q4 24 | $0.90 | $3.85 | ||
| Q3 24 | $1.28 | $4.11 | ||
| Q2 24 | $2.23 | $4.91 |
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 | $160.2M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $1.7B |
| 总资产 | $2.6B | $3.4B |
| 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LPXVMI
| Q1 26 | — | $160.2M | ||
| Q4 25 | $292.0M | $187.1M | ||
| Q3 25 | $316.0M | $226.1M | ||
| Q2 25 | $333.0M | $208.5M | ||
| Q1 25 | $256.0M | $184.4M | ||
| Q4 24 | $340.0M | $164.3M | ||
| Q3 24 | $346.0M | $200.5M | ||
| Q2 24 | $317.0M | $163.1M |
总债务LPXVMI
| Q1 26 | — | — | ||
| Q4 25 | $348.0M | $795.7M | ||
| Q3 25 | $348.0M | — | ||
| Q2 25 | $348.0M | — | ||
| Q1 25 | $348.0M | — | ||
| Q4 24 | $348.0M | $730.6M | ||
| Q3 24 | $347.0M | — | ||
| Q2 24 | $347.0M | — |
股东权益LPXVMI
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.7B | $1.5B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.7B | $1.5B |
总资产LPXVMI
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.6B | $3.4B | ||
| Q3 25 | $2.6B | $3.4B | ||
| Q2 25 | $2.7B | $3.3B | ||
| Q1 25 | $2.6B | $3.4B | ||
| Q4 24 | $2.6B | $3.3B | ||
| Q3 24 | $2.6B | $3.5B | ||
| Q2 24 | $2.5B | $3.5B |
负债/权益比LPXVMI
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 0.49× | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.21× | 0.47× | ||
| Q3 24 | 0.21× | — | ||
| Q2 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 | — |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | — |
| 自由现金流率自由现金流/营收 | -1.4% | — |
| 资本支出强度资本支出/营收 | 13.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $91.0M | — |
8季度趋势，按日历期对齐
经营现金流LPXVMI
| Q1 26 | — | — | ||
| Q4 25 | $67.0M | $111.2M | ||
| Q3 25 | $89.0M | $112.5M | ||
| Q2 25 | $162.0M | $167.6M | ||
| Q1 25 | $64.0M | $65.1M | ||
| Q4 24 | $105.0M | $193.4M | ||
| Q3 24 | $183.0M | $225.1M | ||
| Q2 24 | $212.0M | $130.8M |
自由现金流LPXVMI
| Q1 26 | — | — | ||
| Q4 25 | $-8.0M | $70.4M | ||
| Q3 25 | $5.0M | $70.6M | ||
| Q2 25 | $94.0M | $135.6M | ||
| Q1 25 | $0 | $34.8M | ||
| Q4 24 | $43.0M | $167.8M | ||
| Q3 24 | $139.0M | $204.6M | ||
| Q2 24 | $176.0M | $112.5M |
自由现金流率LPXVMI
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | 6.8% | ||
| Q3 25 | 0.8% | 6.7% | ||
| Q2 25 | 12.5% | 12.9% | ||
| Q1 25 | 0.0% | 3.6% | ||
| Q4 24 | 6.3% | 16.2% | ||
| Q3 24 | 19.3% | 20.1% | ||
| Q2 24 | 21.6% | 10.8% |
资本支出强度LPXVMI
| Q1 26 | — | — | ||
| Q4 25 | 13.3% | 3.9% | ||
| Q3 25 | 12.7% | 4.0% | ||
| Q2 25 | 9.0% | 3.0% | ||
| Q1 25 | 8.8% | 3.1% | ||
| Q4 24 | 9.1% | 2.5% | ||
| Q3 24 | 6.1% | 2.0% | ||
| Q2 24 | 4.4% | 1.8% |
现金转化率LPXVMI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | 9.89× | 1.14× | ||
| Q2 25 | 3.00× | — | ||
| Q1 25 | 0.70× | 0.75× | ||
| Q4 24 | 1.69× | 2.49× | ||
| Q3 24 | 2.03× | 2.71× | ||
| Q2 24 | 1.32× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
