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LOUISIANA-PACIFIC CORP（LPX）与Cactus, Inc.（WHD）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Cactus, Inc.的1.5倍（$566.0M vs $388.3M），Cactus, Inc.净利率更高（10.4% vs -1.4%，领先11.8%），Cactus, Inc.同比增速更快（38.5% vs -16.9%），过去两年Cactus, Inc.的营收复合增速更高（15.6% 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。
Cactus, Inc.旗下拥有Cactus Club Cafe，是源自加拿大不列颠哥伦比亚省北温哥华的高端休闲连锁餐饮品牌。目前品牌已在加拿大全境布局34家门店，覆盖不列颠哥伦比亚、阿尔伯塔、萨斯喀彻温、安大略等省份，同时在美国也设有门店，主打高品质休闲餐饮体验。
LPX vs WHD — 直观对比
营收规模更大
LPX
是对方的1.5倍
$388.3M
营收增速更快
WHD
高出55.4%
-16.9%
净利率更高
WHD
高出11.8%
-1.4%
两年增速更快
WHD
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $566.0M | $388.3M |
| 净利润 | $-8.0M | $40.2M |
| 毛利率 | 15.0% | — |
| 营业利润率 | -1.6% | 9.9% |
| 净利率 | -1.4% | 10.4% |
| 营收同比 | -16.9% | 38.5% |
| 净利润同比 | -112.9% | -25.7% |
| 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LPXWHD
| Q1 26 | — | $388.3M | ||
| Q4 25 | $566.0M | $261.2M | ||
| Q3 25 | $663.0M | $264.0M | ||
| Q2 25 | $755.0M | $273.6M | ||
| Q1 25 | $724.0M | $280.3M | ||
| Q4 24 | $681.0M | $272.1M | ||
| Q3 24 | $722.0M | $293.2M | ||
| Q2 24 | $814.0M | $290.4M |
净利润LPXWHD
| Q1 26 | — | $40.2M | ||
| Q4 25 | $-8.0M | $39.8M | ||
| Q3 25 | $9.0M | $41.6M | ||
| Q2 25 | $54.0M | $40.3M | ||
| Q1 25 | $91.0M | $44.2M | ||
| Q4 24 | $62.0M | $46.7M | ||
| Q3 24 | $90.0M | $49.9M | ||
| Q2 24 | $160.0M | $49.8M |
毛利率LPXWHD
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | 36.2% | ||
| Q3 25 | 19.5% | 36.8% | ||
| Q2 25 | 23.6% | 36.6% | ||
| Q1 25 | 27.2% | 38.4% | ||
| Q4 24 | 23.8% | 37.8% | ||
| Q3 24 | 26.7% | 39.0% | ||
| Q2 24 | 32.3% | 39.2% |
营业利润率LPXWHD
| Q1 26 | — | 9.9% | ||
| Q4 25 | -1.6% | 22.9% | ||
| Q3 25 | 2.7% | 23.2% | ||
| Q2 25 | 10.6% | 22.2% | ||
| Q1 25 | 16.6% | 24.5% | ||
| Q4 24 | 11.0% | 25.9% | ||
| Q3 24 | 16.1% | 26.2% | ||
| Q2 24 | 23.8% | 27.5% |
净利率LPXWHD
| Q1 26 | — | 10.4% | ||
| Q4 25 | -1.4% | 15.3% | ||
| Q3 25 | 1.4% | 15.8% | ||
| Q2 25 | 7.2% | 14.7% | ||
| Q1 25 | 12.6% | 15.8% | ||
| Q4 24 | 9.1% | 17.2% | ||
| Q3 24 | 12.5% | 17.0% | ||
| Q2 24 | 19.7% | 17.2% |
每股收益（稀释后）LPXWHD
| Q1 26 | — | — | ||
| 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 | — |
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 | $291.6M |
| 总债务越低越好 | $348.0M | — |
| 股东权益账面价值 | $1.7B | $1.4B |
| 总资产 | $2.6B | $2.5B |
| 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LPXWHD
| Q1 26 | — | $291.6M | ||
| Q4 25 | $292.0M | $123.6M | ||
| Q3 25 | $316.0M | $445.6M | ||
| Q2 25 | $333.0M | $405.2M | ||
| Q1 25 | $256.0M | $347.7M | ||
| Q4 24 | $340.0M | $342.8M | ||
| Q3 24 | $346.0M | $303.4M | ||
| Q2 24 | $317.0M | $246.5M |
总债务LPXWHD
| Q1 26 | — | — | ||
| Q4 25 | $348.0M | $0 | ||
| Q3 25 | $348.0M | $0 | ||
| Q2 25 | $348.0M | $0 | ||
| Q1 25 | $348.0M | $0 | ||
| Q4 24 | $348.0M | $0 | ||
| Q3 24 | $347.0M | $0 | ||
| Q2 24 | $347.0M | $0 |
股东权益LPXWHD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.7B | $1.0B | ||
| Q2 24 | $1.7B | $954.7M |
总资产LPXWHD
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.6B | $1.9B | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.6B | $1.7B | ||
| Q2 24 | $2.5B | $1.6B |
负债/权益比LPXWHD
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 0.00× | ||
| Q3 25 | 0.20× | 0.00× | ||
| Q2 25 | 0.20× | 0.00× | ||
| Q1 25 | 0.21× | 0.00× | ||
| Q4 24 | 0.21× | 0.00× | ||
| Q3 24 | 0.21× | 0.00× | ||
| Q2 24 | 0.21× | 0.00× |
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 | $128.3M |
| 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% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 3.19× |
| 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LPXWHD
| Q1 26 | — | $128.3M | ||
| Q4 25 | $67.0M | $72.3M | ||
| Q3 25 | $89.0M | $61.8M | ||
| Q2 25 | $162.0M | $82.8M | ||
| Q1 25 | $64.0M | $41.5M | ||
| Q4 24 | $105.0M | $66.6M | ||
| Q3 24 | $183.0M | $85.3M | ||
| Q2 24 | $212.0M | $78.0M |
自由现金流LPXWHD
| Q1 26 | — | — | ||
| Q4 25 | $-8.0M | — | ||
| Q3 25 | $5.0M | — | ||
| Q2 25 | $94.0M | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $139.0M | — | ||
| Q2 24 | $176.0M | — |
自由现金流率LPXWHD
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 19.3% | — | ||
| Q2 24 | 21.6% | — |
资本支出强度LPXWHD
| Q1 26 | — | 2.5% | ||
| Q4 25 | 13.3% | — | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 4.4% | — |
现金转化率LPXWHD
| Q1 26 | — | 3.19× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | 9.89× | 1.48× | ||
| Q2 25 | 3.00× | 2.05× | ||
| Q1 25 | 0.70× | 0.94× | ||
| Q4 24 | 1.69× | 1.43× | ||
| Q3 24 | 2.03× | 1.71× | ||
| Q2 24 | 1.32× | 1.56× |
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% |
WHD
| Revenue | $300.2M | 77% |
| Other | $88.2M | 23% |
