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莱迪思半导体（LSCC）与Turning Point Brands, Inc.（TPB）财务数据对比。点击上方公司名可切换其他公司
莱迪思半导体的季度营收约是Turning Point Brands, Inc.的1.2倍（$145.8M vs $121.0M），Turning Point Brands, Inc.净利率更高（6.8% vs -5.2%，领先12.0%），Turning Point Brands, Inc.同比增速更快（29.2% vs 24.2%），莱迪思半导体自由现金流更多（$44.0M vs $21.5M），过去两年Turning Point Brands, Inc.的营收复合增速更高（20.7% vs 1.8%）
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。
Turning Point Australia（TPAUS）是一家位于澳大利亚的保守派游说团体，隶属于美国转折点组织但保持独立运营，由乔尔·贾马尔创立并于2023年完成注册。该团体目前正积极行动，试图影响2026年3月举行的南澳大利亚州选举结果。
LSCC vs TPB — 直观对比
营收规模更大
LSCC
是对方的1.2倍
$121.0M
营收增速更快
TPB
高出5.0%
24.2%
净利率更高
TPB
高出12.0%
-5.2%
自由现金流更多
LSCC
多$22.5M
$21.5M
两年增速更快
TPB
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.8M | $121.0M |
| 净利润 | $-7.6M | $8.2M |
| 毛利率 | 68.5% | 55.9% |
| 营业利润率 | 0.7% | 16.5% |
| 净利率 | -5.2% | 6.8% |
| 营收同比 | 24.2% | 29.2% |
| 净利润同比 | -146.3% | 239.8% |
| 每股收益（稀释后） | $-0.06 | $0.40 |
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LSCCTPB
| Q1 26 | $145.8M | — | ||
| Q4 25 | — | $121.0M | ||
| Q3 25 | $133.3M | $119.0M | ||
| Q2 25 | $124.0M | $116.6M | ||
| Q1 25 | $120.2M | $106.4M | ||
| Q4 24 | $117.4M | $93.7M | ||
| Q3 24 | $127.1M | $90.7M | ||
| Q2 24 | $124.1M | $93.2M |
净利润LSCCTPB
| Q1 26 | $-7.6M | — | ||
| Q4 25 | — | $8.2M | ||
| Q3 25 | $2.8M | $21.1M | ||
| Q2 25 | $2.9M | $14.5M | ||
| Q1 25 | $5.0M | $14.4M | ||
| Q4 24 | $16.5M | $2.4M | ||
| Q3 24 | $7.2M | $12.4M | ||
| Q2 24 | $22.6M | $13.0M |
毛利率LSCCTPB
| Q1 26 | 68.5% | — | ||
| Q4 25 | — | 55.9% | ||
| Q3 25 | 67.9% | 59.2% | ||
| Q2 25 | 68.4% | 57.1% | ||
| Q1 25 | 68.0% | 56.0% | ||
| Q4 24 | 61.1% | 56.0% | ||
| Q3 24 | 69.0% | 55.6% | ||
| Q2 24 | 68.3% | 54.1% |
营业利润率LSCCTPB
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 16.5% | ||
| Q3 25 | -1.2% | 21.8% | ||
| Q2 25 | 3.8% | 22.6% | ||
| Q1 25 | 5.8% | 21.8% | ||
| Q4 24 | -10.4% | 19.1% | ||
| Q3 24 | 5.9% | 22.9% | ||
| Q2 24 | 18.2% | 24.5% |
净利率LSCCTPB
| Q1 26 | -5.2% | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | 2.1% | 17.7% | ||
| Q2 25 | 2.3% | 12.4% | ||
| Q1 25 | 4.2% | 13.5% | ||
| Q4 24 | 14.1% | 2.6% | ||
| Q3 24 | 5.7% | 13.6% | ||
| Q2 24 | 18.2% | 14.0% |
每股收益（稀释后）LSCCTPB
| Q1 26 | $-0.06 | — | ||
| Q4 25 | — | $0.40 | ||
| Q3 25 | $0.02 | $1.13 | ||
| Q2 25 | $0.02 | $0.79 | ||
| Q1 25 | $0.04 | $0.79 | ||
| Q4 24 | $0.12 | $0.15 | ||
| Q3 24 | $0.05 | $0.68 | ||
| Q2 24 | $0.16 | $0.68 |
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 | $222.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $714.1M | $372.0M |
| 总资产 | $883.1M | $763.8M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LSCCTPB
| Q1 26 | $133.9M | — | ||
| Q4 25 | — | $222.8M | ||
| Q3 25 | $117.9M | $201.2M | ||
| Q2 25 | $107.2M | $109.9M | ||
| Q1 25 | $127.6M | $99.6M | ||
| Q4 24 | $136.3M | $48.9M | ||
| Q3 24 | $124.3M | $33.6M | ||
| Q2 24 | $109.2M | $142.2M |
股东权益LSCCTPB
| Q1 26 | $714.1M | — | ||
| Q4 25 | — | $372.0M | ||
| Q3 25 | $706.4M | $358.2M | ||
| Q2 25 | $687.0M | $224.8M | ||
| Q1 25 | $707.9M | $203.4M | ||
| Q4 24 | $710.9M | $190.4M | ||
| Q3 24 | $703.5M | $185.7M | ||
| Q2 24 | $698.8M | $172.8M |
总资产LSCCTPB
| Q1 26 | $883.1M | — | ||
| Q4 25 | — | $763.8M | ||
| Q3 25 | $844.4M | $742.8M | ||
| Q2 25 | $808.6M | $595.8M | ||
| Q1 25 | $823.6M | $564.6M | ||
| Q4 24 | $843.9M | $493.4M | ||
| Q3 24 | $853.7M | $488.0M | ||
| Q2 24 | $827.5M | $591.6M |
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 | $24.9M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | $21.5M |
| 自由现金流率自由现金流/营收 | 30.2% | 17.8% |
| 资本支出强度资本支出/营收 | 9.3% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 3.03× |
| 过去12个月自由现金流最近4个季度 | $132.6M | $43.8M |
8季度趋势，按日历期对齐
经营现金流LSCCTPB
| Q1 26 | $57.6M | — | ||
| Q4 25 | — | $24.9M | ||
| Q3 25 | $47.1M | $3.3M | ||
| Q2 25 | $38.5M | $11.8M | ||
| Q1 25 | $31.9M | $17.4M | ||
| Q4 24 | $45.4M | $17.7M | ||
| Q3 24 | $44.0M | $13.2M | ||
| Q2 24 | $21.9M | $13.4M |
自由现金流LSCCTPB
| Q1 26 | $44.0M | — | ||
| Q4 25 | — | $21.5M | ||
| Q3 25 | $34.0M | $-721.0K | ||
| Q2 25 | $31.3M | $7.8M | ||
| Q1 25 | $23.3M | $15.2M | ||
| Q4 24 | $39.7M | $16.6M | ||
| Q3 24 | $39.4M | $12.6M | ||
| Q2 24 | $14.8M | $10.9M |
自由现金流率LSCCTPB
| Q1 26 | 30.2% | — | ||
| Q4 25 | — | 17.8% | ||
| Q3 25 | 25.5% | -0.6% | ||
| Q2 25 | 25.2% | 6.7% | ||
| Q1 25 | 19.4% | 14.3% | ||
| Q4 24 | 33.8% | 17.8% | ||
| Q3 24 | 31.0% | 13.9% | ||
| Q2 24 | 11.9% | 11.7% |
资本支出强度LSCCTPB
| Q1 26 | 9.3% | — | ||
| Q4 25 | — | 2.8% | ||
| Q3 25 | 9.8% | 3.4% | ||
| Q2 25 | 5.8% | 3.4% | ||
| Q1 25 | 7.2% | 2.1% | ||
| Q4 24 | 4.9% | 1.2% | ||
| Q3 24 | 3.7% | 0.7% | ||
| Q2 24 | 5.8% | 2.7% |
现金转化率LSCCTPB
| Q1 26 | — | — | ||
| Q4 25 | — | 3.03× | ||
| Q3 25 | 16.86× | 0.16× | ||
| Q2 25 | 13.23× | 0.82× | ||
| Q1 25 | 6.35× | 1.21× | ||
| Q4 24 | 2.75× | 7.34× | ||
| Q3 24 | 6.12× | 1.07× | ||
| Q2 24 | 0.97× | 1.03× |
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% |
TPB
| US | $111.5M | 92% |
| Non Us | $9.6M | 8% |
