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LOUISIANA-PACIFIC CORP（LPX）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
LOUISIANA-PACIFIC CORP的季度营收约是世纪互联的1.6倍（$566.0M vs $362.7M），LOUISIANA-PACIFIC CORP净利率更高（-1.4% vs -10.7%，领先9.2%），LOUISIANA-PACIFIC CORP自由现金流更多（$-8.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
LPX vs VNET — 直观对比
营收规模更大
LPX
是对方的1.6倍
$362.7M
净利率更高
LPX
高出9.2%
-10.7%
自由现金流更多
LPX
多$185.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $362.7M |
| 净利润 | $-8.0M | $-38.7M |
| 毛利率 | 15.0% | 20.9% |
| 营业利润率 | -1.6% | 0.5% |
| 净利率 | -1.4% | -10.7% |
| 营收同比 | -16.9% | — |
| 净利润同比 | -112.9% | — |
| 每股收益（稀释后） | $-0.12 | — |
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LPXVNET
| Q4 25 | $566.0M | — | ||
| Q3 25 | $663.0M | $362.7M | ||
| Q2 25 | $755.0M | — | ||
| Q1 25 | $724.0M | $309.5M | ||
| Q4 24 | $681.0M | — | ||
| Q3 24 | $722.0M | $302.2M | ||
| Q2 24 | $814.0M | $274.4M | ||
| Q1 24 | $724.0M | $262.9M |
净利润LPXVNET
| Q4 25 | $-8.0M | — | ||
| Q3 25 | $9.0M | $-38.7M | ||
| Q2 25 | $54.0M | — | ||
| Q1 25 | $91.0M | $-2.4M | ||
| Q4 24 | $62.0M | — | ||
| Q3 24 | $90.0M | $-2.1M | ||
| Q2 24 | $160.0M | $-1.1M | ||
| Q1 24 | $108.0M | $-22.0M |
毛利率LPXVNET
| Q4 25 | 15.0% | — | ||
| Q3 25 | 19.5% | 20.9% | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 27.2% | 25.2% | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 26.7% | 23.2% | ||
| Q2 24 | 32.3% | 21.3% | ||
| Q1 24 | 29.6% | 21.6% |
营业利润率LPXVNET
| Q4 25 | -1.6% | — | ||
| Q3 25 | 2.7% | 0.5% | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 16.6% | 0.1% | ||
| Q4 24 | 11.0% | — | ||
| Q3 24 | 16.1% | 24.5% | ||
| Q2 24 | 23.8% | 0.2% | ||
| Q1 24 | 20.0% | 0.2% |
净利率LPXVNET
| Q4 25 | -1.4% | — | ||
| Q3 25 | 1.4% | -10.7% | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 12.6% | -0.8% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 12.5% | -0.7% | ||
| Q2 24 | 19.7% | -0.4% | ||
| Q1 24 | 14.9% | -8.4% |
每股收益（稀释后）LPXVNET
| Q4 25 | $-0.12 | — | ||
| Q3 25 | $0.13 | — | ||
| Q2 25 | $0.77 | — | ||
| Q1 25 | $1.30 | — | ||
| Q4 24 | $0.90 | — | ||
| Q3 24 | $1.28 | — | ||
| Q2 24 | $2.23 | — | ||
| Q1 24 | $1.48 | — |
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 | $492.1M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $890.8M |
| 总资产 | $2.6B | $6.1B |
| 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LPXVNET
| Q4 25 | $292.0M | — | ||
| Q3 25 | $316.0M | $492.1M | ||
| Q2 25 | $333.0M | — | ||
| Q1 25 | $256.0M | $544.3M | ||
| Q4 24 | $340.0M | — | ||
| Q3 24 | $346.0M | $219.5M | ||
| Q2 24 | $317.0M | $247.2M | ||
| Q1 24 | $244.0M | $246.9M |
总债务LPXVNET
| Q4 25 | $348.0M | — | ||
| Q3 25 | $348.0M | — | ||
| Q2 25 | $348.0M | — | ||
| Q1 25 | $348.0M | — | ||
| Q4 24 | $348.0M | — | ||
| Q3 24 | $347.0M | $1.2B | ||
| Q2 24 | $347.0M | — | ||
| Q1 24 | $347.0M | — |
股东权益LPXVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $890.8M | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | $927.8M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $902.9M | ||
| Q2 24 | $1.7B | $900.6M | ||
| Q1 24 | $1.6B | $895.1M |
总资产LPXVNET
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | $6.1B | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.6B | $5.4B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | $4.3B | ||
| Q2 24 | $2.5B | $4.0B | ||
| Q1 24 | $2.5B | $3.9B |
负债/权益比LPXVNET
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.21× | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | -1.4% | -53.2% |
| 资本支出强度资本支出/营收 | 13.3% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流LPXVNET
| Q4 25 | $67.0M | — | ||
| Q3 25 | $89.0M | $113.8M | ||
| Q2 25 | $162.0M | — | ||
| Q1 25 | $64.0M | $27.0M | ||
| Q4 24 | $105.0M | — | ||
| Q3 24 | $183.0M | $108.3M | ||
| Q2 24 | $212.0M | $55.8M | ||
| Q1 24 | $105.0M | $37.1M |
自由现金流LPXVNET
| Q4 25 | $-8.0M | — | ||
| Q3 25 | $5.0M | $-193.1M | ||
| Q2 25 | $94.0M | — | ||
| Q1 25 | $0 | $-220.0M | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $139.0M | $-95.0M | ||
| Q2 24 | $176.0M | $-81.6M | ||
| Q1 24 | $64.0M | $-102.2M |
自由现金流率LPXVNET
| Q4 25 | -1.4% | — | ||
| Q3 25 | 0.8% | -53.2% | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 0.0% | -71.1% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 19.3% | -31.4% | ||
| Q2 24 | 21.6% | -29.8% | ||
| Q1 24 | 8.8% | -38.9% |
资本支出强度LPXVNET
| Q4 25 | 13.3% | — | ||
| Q3 25 | 12.7% | 84.6% | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 8.8% | 79.8% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 6.1% | 67.3% | ||
| Q2 24 | 4.4% | 50.1% | ||
| Q1 24 | 5.7% | 53.0% |
现金转化率LPXVNET
| Q4 25 | — | — | ||
| Q3 25 | 9.89× | — | ||
| Q2 25 | 3.00× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.69× | — | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 0.97× | — |
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% |
VNET
暂无分部数据
