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莱迪思半导体（LSCC）与USA Compression Partners, LP（USAC）财务数据对比。点击上方公司名可切换其他公司
USA Compression Partners, LP的季度营收约是莱迪思半导体的1.7倍（$252.5M vs $145.8M），USA Compression Partners, LP净利率更高（11.0% vs -5.2%，领先16.2%），莱迪思半导体同比增速更快（24.2% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $44.0M），过去两年USA Compression Partners, LP的营收复合增速更高（4.9% 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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
LSCC vs USAC — 直观对比
营收规模更大
USAC
是对方的1.7倍
$145.8M
营收增速更快
LSCC
高出21.5%
2.7%
净利率更高
USAC
高出16.2%
-5.2%
自由现金流更多
USAC
多$43.8M
$44.0M
两年增速更快
USAC
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.8M | $252.5M |
| 净利润 | $-7.6M | $27.8M |
| 毛利率 | 68.5% | — |
| 营业利润率 | 0.7% | 30.3% |
| 净利率 | -5.2% | 11.0% |
| 营收同比 | 24.2% | 2.7% |
| 净利润同比 | -146.3% | 9.1% |
| 每股收益（稀释后） | $-0.06 | — |
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LSCCUSAC
| Q1 26 | $145.8M | — | ||
| Q4 25 | — | $252.5M | ||
| Q3 25 | $133.3M | $250.3M | ||
| Q2 25 | $124.0M | $250.1M | ||
| Q1 25 | $120.2M | $245.2M | ||
| Q4 24 | $117.4M | $245.9M | ||
| Q3 24 | $127.1M | $240.0M | ||
| Q2 24 | $124.1M | $235.3M |
净利润LSCCUSAC
| Q1 26 | $-7.6M | — | ||
| Q4 25 | — | $27.8M | ||
| Q3 25 | $2.8M | $34.5M | ||
| Q2 25 | $2.9M | $28.6M | ||
| Q1 25 | $5.0M | $20.5M | ||
| Q4 24 | $16.5M | $25.4M | ||
| Q3 24 | $7.2M | $19.3M | ||
| Q2 24 | $22.6M | $31.2M |
毛利率LSCCUSAC
| 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LSCCUSAC
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 30.3% | ||
| Q3 25 | -1.2% | 33.5% | ||
| Q2 25 | 3.8% | 30.6% | ||
| Q1 25 | 5.8% | 28.3% | ||
| Q4 24 | -10.4% | 30.3% | ||
| Q3 24 | 5.9% | 31.5% | ||
| Q2 24 | 18.2% | 32.9% |
净利率LSCCUSAC
| Q1 26 | -5.2% | — | ||
| Q4 25 | — | 11.0% | ||
| Q3 25 | 2.1% | 13.8% | ||
| Q2 25 | 2.3% | 11.4% | ||
| Q1 25 | 4.2% | 8.4% | ||
| Q4 24 | 14.1% | 10.3% | ||
| Q3 24 | 5.7% | 8.1% | ||
| Q2 24 | 18.2% | 13.3% |
每股收益（稀释后）LSCCUSAC
| Q1 26 | $-0.06 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.02 | — | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $0.12 | — | ||
| Q3 24 | $0.05 | — | ||
| Q2 24 | $0.16 | — |
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 | $8.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $714.1M | — |
| 总资产 | $883.1M | $2.6B |
| 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LSCCUSAC
| Q1 26 | $133.9M | — | ||
| Q4 25 | — | $8.6M | ||
| Q3 25 | $117.9M | — | ||
| Q2 25 | $107.2M | $2.0K | ||
| Q1 25 | $127.6M | $2.0K | ||
| Q4 24 | $136.3M | $14.0K | ||
| Q3 24 | $124.3M | $79.0K | ||
| Q2 24 | $109.2M | $9.0K |
总债务LSCCUSAC
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B |
股东权益LSCCUSAC
| Q1 26 | $714.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $706.4M | — | ||
| Q2 25 | $687.0M | — | ||
| Q1 25 | $707.9M | — | ||
| Q4 24 | $710.9M | — | ||
| Q3 24 | $703.5M | — | ||
| Q2 24 | $698.8M | — |
总资产LSCCUSAC
| Q1 26 | $883.1M | — | ||
| Q4 25 | — | $2.6B | ||
| Q3 25 | $844.4M | $2.7B | ||
| Q2 25 | $808.6M | $2.7B | ||
| Q1 25 | $823.6M | $2.7B | ||
| Q4 24 | $843.9M | $2.7B | ||
| Q3 24 | $853.7M | $2.8B | ||
| Q2 24 | $827.5M | $2.8B |
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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | $87.7M |
| 自由现金流率自由现金流/营收 | 30.2% | 34.8% |
| 资本支出强度资本支出/营收 | 9.3% | 20.5% |
| 现金转化率经营现金流/净利润 | — | 5.02× |
| 过去12个月自由现金流最近4个季度 | $132.6M | $277.0M |
8季度趋势，按日历期对齐
经营现金流LSCCUSAC
| Q1 26 | $57.6M | — | ||
| Q4 25 | — | $139.5M | ||
| Q3 25 | $47.1M | $75.9M | ||
| Q2 25 | $38.5M | $124.2M | ||
| Q1 25 | $31.9M | $54.7M | ||
| Q4 24 | $45.4M | $130.2M | ||
| Q3 24 | $44.0M | $48.5M | ||
| Q2 24 | $21.9M | $96.7M |
自由现金流LSCCUSAC
| Q1 26 | $44.0M | — | ||
| Q4 25 | — | $87.7M | ||
| Q3 25 | $34.0M | $51.9M | ||
| Q2 25 | $31.3M | $101.1M | ||
| Q1 25 | $23.3M | $36.3M | ||
| Q4 24 | $39.7M | $101.2M | ||
| Q3 24 | $39.4M | $19.8M | ||
| Q2 24 | $14.8M | $48.2M |
自由现金流率LSCCUSAC
| Q1 26 | 30.2% | — | ||
| Q4 25 | — | 34.8% | ||
| Q3 25 | 25.5% | 20.7% | ||
| Q2 25 | 25.2% | 40.4% | ||
| Q1 25 | 19.4% | 14.8% | ||
| Q4 24 | 33.8% | 41.1% | ||
| Q3 24 | 31.0% | 8.2% | ||
| Q2 24 | 11.9% | 20.5% |
资本支出强度LSCCUSAC
| Q1 26 | 9.3% | — | ||
| Q4 25 | — | 20.5% | ||
| Q3 25 | 9.8% | 9.6% | ||
| Q2 25 | 5.8% | 9.3% | ||
| Q1 25 | 7.2% | 7.5% | ||
| Q4 24 | 4.9% | 11.8% | ||
| Q3 24 | 3.7% | 12.0% | ||
| Q2 24 | 5.8% | 20.6% |
现金转化率LSCCUSAC
| Q1 26 | — | — | ||
| Q4 25 | — | 5.02× | ||
| Q3 25 | 16.86× | 2.20× | ||
| Q2 25 | 13.23× | 4.35× | ||
| Q1 25 | 6.35× | 2.66× | ||
| Q4 24 | 2.75× | 5.12× | ||
| Q3 24 | 6.12× | 2.51× | ||
| Q2 24 | 0.97× | 3.10× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
