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LOUISIANA-PACIFIC CORP（LPX）与Vestis Corp（VSTS）财务数据对比。点击上方公司名可切换其他公司
Vestis Corp的季度营收约是LOUISIANA-PACIFIC CORP的1.2倍（$663.4M vs $566.0M），Vestis Corp净利率更高（-1.0% vs -1.4%，领先0.5%），Vestis Corp同比增速更快（-3.0% vs -16.9%），Vestis Corp自由现金流更多（$28.3M vs $-8.0M），过去两年Vestis Corp的营收复合增速更高（-3.0% 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。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
LPX vs VSTS — 直观对比
营收规模更大
VSTS
是对方的1.2倍
$566.0M
营收增速更快
VSTS
高出13.9%
-16.9%
净利率更高
VSTS
高出0.5%
-1.4%
自由现金流更多
VSTS
多$36.3M
$-8.0M
两年增速更快
VSTS
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $663.4M |
| 净利润 | $-8.0M | $-6.4M |
| 毛利率 | 15.0% | — |
| 营业利润率 | -1.6% | 2.5% |
| 净利率 | -1.4% | -1.0% |
| 营收同比 | -16.9% | -3.0% |
| 净利润同比 | -112.9% | -868.1% |
| 每股收益（稀释后） | $-0.12 | $-0.05 |
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LPXVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $566.0M | $712.0M | ||
| Q3 25 | $663.0M | — | ||
| Q2 25 | $755.0M | $673.8M | ||
| Q1 25 | $724.0M | $665.2M | ||
| Q4 24 | $681.0M | $683.8M | ||
| Q3 24 | $722.0M | $684.3M | ||
| Q2 24 | $814.0M | $698.2M |
净利润LPXVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $-8.0M | $-12.5M | ||
| Q3 25 | $9.0M | — | ||
| Q2 25 | $54.0M | $-676.0K | ||
| Q1 25 | $91.0M | $-27.8M | ||
| Q4 24 | $62.0M | $832.0K | ||
| Q3 24 | $90.0M | $-2.3M | ||
| Q2 24 | $160.0M | $5.0M |
毛利率LPXVSTS
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 27.2% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 26.7% | — | ||
| Q2 24 | 32.3% | — |
营业利润率LPXVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | -1.6% | 2.5% | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 10.6% | 3.7% | ||
| Q1 25 | 16.6% | -1.3% | ||
| Q4 24 | 11.0% | 4.4% | ||
| Q3 24 | 16.1% | 4.4% | ||
| Q2 24 | 23.8% | 5.4% |
净利率LPXVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | -1.4% | -1.8% | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 7.2% | -0.1% | ||
| Q1 25 | 12.6% | -4.2% | ||
| Q4 24 | 9.1% | 0.1% | ||
| Q3 24 | 12.5% | -0.3% | ||
| Q2 24 | 19.7% | 0.7% |
每股收益（稀释后）LPXVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $-0.12 | $-0.10 | ||
| Q3 25 | $0.13 | — | ||
| Q2 25 | $0.77 | $-0.01 | ||
| Q1 25 | $1.30 | $-0.21 | ||
| Q4 24 | $0.90 | $0.01 | ||
| Q3 24 | $1.28 | $-0.02 | ||
| Q2 24 | $2.23 | $0.04 |
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 | $41.5M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $864.4M |
| 总资产 | $2.6B | $2.9B |
| 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LPXVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $292.0M | $29.7M | ||
| Q3 25 | $316.0M | — | ||
| Q2 25 | $333.0M | $23.7M | ||
| Q1 25 | $256.0M | $28.8M | ||
| Q4 24 | $340.0M | $18.6M | ||
| Q3 24 | $346.0M | $31.0M | ||
| Q2 24 | $317.0M | $29.1M |
总债务LPXVSTS
| Q1 26 | — | — | ||
| Q4 25 | $348.0M | $1.2B | ||
| 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 | — |
股东权益LPXVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $1.7B | $865.6M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | $882.2M | ||
| Q1 25 | $1.7B | $876.3M | ||
| Q4 24 | $1.7B | $899.6M | ||
| Q3 24 | $1.7B | $903.1M | ||
| Q2 24 | $1.7B | $901.2M |
总资产LPXVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.6B | $2.9B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.6B | $2.9B | ||
| Q4 24 | $2.6B | $2.9B | ||
| Q3 24 | $2.6B | $2.9B | ||
| Q2 24 | $2.5B | $3.1B |
负债/权益比LPXVSTS
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 1.35× | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.21× | 1.29× | ||
| 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 | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $-8.0M | $28.3M |
| 自由现金流率自由现金流/营收 | -1.4% | 4.3% |
| 资本支出强度资本支出/营收 | 13.3% | 1.4% |
| 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 | $45.0M |
8季度趋势，按日历期对齐
经营现金流LPXVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $67.0M | $30.9M | ||
| Q3 25 | $89.0M | — | ||
| Q2 25 | $162.0M | $22.9M | ||
| Q1 25 | $64.0M | $6.7M | ||
| Q4 24 | $105.0M | $3.8M | ||
| Q3 24 | $183.0M | $295.6M | ||
| Q2 24 | $212.0M | $48.7M |
自由现金流LPXVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $-8.0M | $15.6M | ||
| Q3 25 | $5.0M | — | ||
| Q2 25 | $94.0M | $8.0M | ||
| Q1 25 | $0 | $-6.9M | ||
| Q4 24 | $43.0M | $-11.0M | ||
| Q3 24 | $139.0M | $267.5M | ||
| Q2 24 | $176.0M | $27.7M |
自由现金流率LPXVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | -1.4% | 2.2% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 12.5% | 1.2% | ||
| Q1 25 | 0.0% | -1.0% | ||
| Q4 24 | 6.3% | -1.6% | ||
| Q3 24 | 19.3% | 39.1% | ||
| Q2 24 | 21.6% | 4.0% |
资本支出强度LPXVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 13.3% | 2.2% | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | 9.0% | 2.2% | ||
| Q1 25 | 8.8% | 2.0% | ||
| Q4 24 | 9.1% | 2.2% | ||
| Q3 24 | 6.1% | 4.1% | ||
| Q2 24 | 4.4% | 3.0% |
现金转化率LPXVSTS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 9.89× | — | ||
| Q2 25 | 3.00× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.69× | 4.54× | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 1.32× | 9.66× |
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% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
