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莱迪思半导体（LSCC）与PROASSURANCE CORP（PRA）财务数据对比。点击上方公司名可切换其他公司
PROASSURANCE CORP的季度营收约是莱迪思半导体的1.8倍（$269.6M vs $145.8M），PROASSURANCE CORP净利率更高（12.4% vs -5.2%，领先17.6%），莱迪思半导体同比增速更快（24.2% vs -7.1%），过去两年莱迪思半导体的营收复合增速更高（1.8% vs -2.7%）
莱迪思半导体是美国专注于低功耗现场可编程门阵列（FPGA）设计制造的半导体企业，1983年成立，1989年上市，总部位于俄勒冈州希尔斯伯勒硅林区，在圣何塞、上海、马尼拉、槟城、新加坡等地设有运营网点，截至2022年员工超1000人，年营收超6.6亿美元。
保信集团（ProAssurance）总部位于美国阿拉巴马州伯明翰，是一家财产意外保险公司，主打面向医生的职业责任保险业务。公司前身为1976年成立的Mutual Assurance，1997年更名为Medical Assurance，2001年与Professionals Group合并后改为现名，目前是全美第四大医疗职业责任险承保机构，总资产超60亿美元。
LSCC vs PRA — 直观对比
营收规模更大
PRA
是对方的1.8倍
$145.8M
营收增速更快
LSCC
高出31.2%
-7.1%
净利率更高
PRA
高出17.6%
-5.2%
两年增速更快
LSCC
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.8M | $269.6M |
| 净利润 | $-7.6M | $33.4M |
| 毛利率 | 68.5% | — |
| 营业利润率 | 0.7% | 17.3% |
| 净利率 | -5.2% | 12.4% |
| 营收同比 | 24.2% | -7.1% |
| 净利润同比 | -146.3% | 106.4% |
| 每股收益（稀释后） | $-0.06 | $0.65 |
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LSCCPRA
| Q1 26 | $145.8M | — | ||
| Q4 25 | — | $269.6M | ||
| Q3 25 | $133.3M | $279.6M | ||
| Q2 25 | $124.0M | $276.8M | ||
| Q1 25 | $120.2M | $272.1M | ||
| Q4 24 | $117.4M | $290.1M | ||
| Q3 24 | $127.1M | $285.3M | ||
| Q2 24 | $124.1M | $290.4M |
净利润LSCCPRA
| Q1 26 | $-7.6M | — | ||
| Q4 25 | — | $33.4M | ||
| Q3 25 | $2.8M | $1.4M | ||
| Q2 25 | $2.9M | $21.9M | ||
| Q1 25 | $5.0M | $-5.8M | ||
| Q4 24 | $16.5M | $16.2M | ||
| Q3 24 | $7.2M | $16.4M | ||
| Q2 24 | $22.6M | $15.5M |
毛利率LSCCPRA
| Q1 26 | 68.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 67.9% | — | ||
| Q2 25 | 68.4% | — | ||
| Q1 25 | 68.0% | — | ||
| Q4 24 | 61.1% | — | ||
| Q3 24 | 69.0% | — | ||
| Q2 24 | 68.3% | — |
营业利润率LSCCPRA
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | -1.2% | 1.6% | ||
| Q2 25 | 3.8% | 9.9% | ||
| Q1 25 | 5.8% | -2.3% | ||
| Q4 24 | -10.4% | 6.5% | ||
| Q3 24 | 5.9% | 7.4% | ||
| Q2 24 | 18.2% | 6.2% |
净利率LSCCPRA
| Q1 26 | -5.2% | — | ||
| Q4 25 | — | 12.4% | ||
| Q3 25 | 2.1% | 0.5% | ||
| Q2 25 | 2.3% | 7.9% | ||
| Q1 25 | 4.2% | -2.1% | ||
| Q4 24 | 14.1% | 5.6% | ||
| Q3 24 | 5.7% | 5.8% | ||
| Q2 24 | 18.2% | 5.3% |
每股收益（稀释后）LSCCPRA
| Q1 26 | $-0.06 | — | ||
| Q4 25 | — | $0.65 | ||
| Q3 25 | $0.02 | $0.03 | ||
| Q2 25 | $0.02 | $0.42 | ||
| Q1 25 | $0.04 | $-0.11 | ||
| Q4 24 | $0.12 | $0.32 | ||
| Q3 24 | $0.05 | $0.32 | ||
| Q2 24 | $0.16 | $0.30 |
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 | $133.9M | $36.5M |
| 总债务越低越好 | — | $420.4M |
| 股东权益账面价值 | $714.1M | $1.3B |
| 总资产 | $883.1M | $5.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资LSCCPRA
| Q1 26 | $133.9M | — | ||
| Q4 25 | — | $36.5M | ||
| Q3 25 | $117.9M | $54.5M | ||
| Q2 25 | $107.2M | $41.6M | ||
| Q1 25 | $127.6M | $43.5M | ||
| Q4 24 | $136.3M | $54.9M | ||
| Q3 24 | $124.3M | $45.3M | ||
| Q2 24 | $109.2M | $36.9M |
总债务LSCCPRA
| Q1 26 | — | — | ||
| Q4 25 | — | $420.4M | ||
| Q3 25 | — | $421.5M | ||
| Q2 25 | — | $422.6M | ||
| Q1 25 | — | $423.7M | ||
| Q4 24 | — | $424.9M | ||
| Q3 24 | — | $425.9M | ||
| Q2 24 | — | $426.9M |
股东权益LSCCPRA
| Q1 26 | $714.1M | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $706.4M | $1.3B | ||
| Q2 25 | $687.0M | $1.3B | ||
| Q1 25 | $707.9M | $1.2B | ||
| Q4 24 | $710.9M | $1.2B | ||
| Q3 24 | $703.5M | $1.2B | ||
| Q2 24 | $698.8M | $1.1B |
总资产LSCCPRA
| Q1 26 | $883.1M | — | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | $844.4M | $5.6B | ||
| Q2 25 | $808.6M | $5.5B | ||
| Q1 25 | $823.6M | $5.5B | ||
| Q4 24 | $843.9M | $5.6B | ||
| Q3 24 | $853.7M | $5.7B | ||
| Q2 24 | $827.5M | $5.6B |
负债/权益比LSCCPRA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.38× |
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 | $57.6M | $-25.6M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | — |
| 自由现金流率自由现金流/营收 | 30.2% | — |
| 资本支出强度资本支出/营收 | 9.3% | — |
| 现金转化率经营现金流/净利润 | — | -0.77× |
| 过去12个月自由现金流最近4个季度 | $132.6M | — |
8季度趋势，按日历期对齐
经营现金流LSCCPRA
| Q1 26 | $57.6M | — | ||
| Q4 25 | — | $-25.6M | ||
| Q3 25 | $47.1M | $27.2M | ||
| Q2 25 | $38.5M | $-28.1M | ||
| Q1 25 | $31.9M | $-11.6M | ||
| Q4 24 | $45.4M | $-10.7M | ||
| Q3 24 | $44.0M | $14.0M | ||
| Q2 24 | $21.9M | $-12.8M |
自由现金流LSCCPRA
| Q1 26 | $44.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $34.0M | — | ||
| Q2 25 | $31.3M | — | ||
| Q1 25 | $23.3M | — | ||
| Q4 24 | $39.7M | — | ||
| Q3 24 | $39.4M | — | ||
| Q2 24 | $14.8M | — |
自由现金流率LSCCPRA
| Q1 26 | 30.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 25.2% | — | ||
| Q1 25 | 19.4% | — | ||
| Q4 24 | 33.8% | — | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 11.9% | — |
资本支出强度LSCCPRA
| Q1 26 | 9.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 5.8% | — |
现金转化率LSCCPRA
| Q1 26 | — | — | ||
| Q4 25 | — | -0.77× | ||
| Q3 25 | 16.86× | 18.81× | ||
| Q2 25 | 13.23× | -1.28× | ||
| Q1 25 | 6.35× | — | ||
| Q4 24 | 2.75× | -0.66× | ||
| Q3 24 | 6.12× | 0.85× | ||
| Q2 24 | 0.97× | -0.83× |
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
LSCC
| Asia | $106.3M | 73% |
| Americas | $21.0M | 14% |
| Europe | $18.5M | 13% |
PRA
| Workers Compensation Insurance Segment | $164.4M | 61% |
| Other | $59.6M | 22% |
| Segregated Portfolio Cell Reinsurance | $45.7M | 17% |
