vs
蓝威斯顿（LW）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是蓝威斯顿的1.4倍（$2.1B vs $1.6B），蓝威斯顿净利率更高（3.5% vs -13.9%，领先17.4%），蓝威斯顿同比增速更快（2.9% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $-36.3M），过去两年蓝威斯顿的营收复合增速更高（-1.5% vs -3.5%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
LW vs OC — 直观对比
营收规模更大
OC
是对方的1.4倍
$1.6B
营收增速更快
LW
高出27.5%
-24.6%
净利率更高
LW
高出17.4%
-13.9%
自由现金流更多
OC
多$369.3M
$-36.3M
两年增速更快
LW
近两年复合增速
-3.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.1B |
| 净利润 | $54.0M | $-298.0M |
| 毛利率 | 21.2% | 23.2% |
| 营业利润率 | 8.1% | -10.5% |
| 净利率 | 3.5% | -13.9% |
| 营收同比 | 2.9% | -24.6% |
| 净利润同比 | -63.0% | -15.5% |
| 每股收益（稀释后） | $0.39 | $-3.47 |
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LWOC
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.7B | $2.7B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.6B | $2.8B | ||
| Q3 24 | $1.7B | $3.0B | ||
| Q2 24 | $1.6B | $2.8B |
净利润LWOC
| Q1 26 | $54.0M | — | ||
| Q4 25 | $62.1M | $-298.0M | ||
| Q3 25 | $64.3M | $-494.0M | ||
| Q2 25 | $119.9M | $363.0M | ||
| Q1 25 | $146.0M | $-93.0M | ||
| Q4 24 | $-36.1M | $-258.0M | ||
| Q3 24 | $127.4M | $321.0M | ||
| Q2 24 | $129.6M | $285.0M |
毛利率LWOC
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | 23.2% | ||
| Q3 25 | 20.6% | 28.2% | ||
| Q2 25 | 20.4% | 31.2% | ||
| Q1 25 | 27.8% | 28.7% | ||
| Q4 24 | 17.4% | 28.1% | ||
| Q3 24 | 21.5% | 29.8% | ||
| Q2 24 | 24.1% | 31.1% |
营业利润率LWOC
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | -10.5% | ||
| Q3 25 | 9.4% | -12.2% | ||
| Q2 25 | 11.1% | 18.4% | ||
| Q1 25 | 16.4% | 16.1% | ||
| Q4 24 | 1.2% | -8.5% | ||
| Q3 24 | 12.8% | 16.7% | ||
| Q2 24 | 13.2% | 16.4% |
净利率LWOC
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.8% | -13.9% | ||
| Q3 25 | 3.9% | -18.4% | ||
| Q2 25 | 7.2% | 13.2% | ||
| Q1 25 | 9.6% | -3.7% | ||
| Q4 24 | -2.3% | -9.1% | ||
| Q3 24 | 7.7% | 10.5% | ||
| Q2 24 | 8.0% | 10.2% |
每股收益（稀释后）LWOC
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.44 | $-3.47 | ||
| Q3 25 | $0.46 | $-5.92 | ||
| Q2 25 | $0.84 | $4.25 | ||
| Q1 25 | $1.03 | $-1.08 | ||
| Q4 24 | $-0.25 | $-2.92 | ||
| Q3 24 | $0.88 | $3.65 | ||
| Q2 24 | $0.89 | $3.24 |
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 | $57.5M | $345.0M |
| 总债务越低越好 | $3.6B | $4.7B |
| 股东权益账面价值 | $1.8B | $3.9B |
| 总资产 | $7.4B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.99× | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资LWOC
| Q1 26 | $57.5M | — | ||
| Q4 25 | $82.7M | $345.0M | ||
| Q3 25 | $98.6M | $286.0M | ||
| Q2 25 | $70.7M | $230.0M | ||
| Q1 25 | $67.5M | $400.0M | ||
| Q4 24 | $79.0M | $361.0M | ||
| Q3 24 | $120.8M | $499.0M | ||
| Q2 24 | $71.4M | $254.0M |
总债务LWOC
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $4.7B | ||
| Q3 25 | $3.7B | $4.7B | ||
| Q2 25 | $3.7B | $5.1B | ||
| Q1 25 | $3.7B | $5.0B | ||
| Q4 24 | $3.7B | $5.1B | ||
| Q3 24 | $3.4B | $5.0B | ||
| Q2 24 | $3.4B | $5.0B |
股东权益LWOC
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $3.9B | ||
| Q3 25 | $1.8B | $4.4B | ||
| Q2 25 | $1.7B | $5.2B | ||
| Q1 25 | $1.6B | $4.9B | ||
| Q4 24 | $1.6B | $5.1B | ||
| Q3 24 | $1.8B | $5.6B | ||
| Q2 24 | $1.8B | $5.5B |
总资产LWOC
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $13.0B | ||
| Q3 25 | $7.2B | $13.5B | ||
| Q2 25 | $7.4B | $14.5B | ||
| Q1 25 | $7.4B | $14.3B | ||
| Q4 24 | $7.5B | $14.1B | ||
| Q3 24 | $7.5B | $15.1B | ||
| Q2 24 | $7.4B | $15.0B |
负债/权益比LWOC
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | 1.22× | ||
| Q3 25 | 2.05× | 1.06× | ||
| Q2 25 | 2.12× | 0.98× | ||
| Q1 25 | 2.25× | 1.03× | ||
| Q4 24 | 2.26× | 1.01× | ||
| Q3 24 | 1.87× | 0.89× | ||
| Q2 24 | 1.92× | 0.92× |
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 | $65.2M | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | $333.0M |
| 自由现金流率自由现金流/营收 | -2.3% | 15.5% |
| 资本支出强度资本支出/营收 | 6.5% | 12.0% |
| 现金转化率经营现金流/净利润 | 1.21× | — |
| 过去12个月自由现金流最近4个季度 | $569.2M | $962.0M |
8季度趋势，按日历期对齐
经营现金流LWOC
| Q1 26 | $65.2M | — | ||
| Q4 25 | $178.4M | $590.0M | ||
| Q3 25 | $352.0M | $918.0M | ||
| Q2 25 | $868.3M | $327.0M | ||
| Q1 25 | $56.0M | $-49.0M | ||
| Q4 24 | $99.1M | $676.0M | ||
| Q3 24 | $330.2M | $699.0M | ||
| Q2 24 | $798.2M | $493.0M |
自由现金流LWOC
| Q1 26 | $-36.3M | — | ||
| Q4 25 | $101.0M | $333.0M | ||
| Q3 25 | $274.4M | $752.0M | ||
| Q2 25 | $230.1M | $129.0M | ||
| Q1 25 | $-19.8M | $-252.0M | ||
| Q4 24 | $-49.6M | $479.0M | ||
| Q3 24 | $4.3M | $558.0M | ||
| Q2 24 | $-131.3M | $336.0M |
自由现金流率LWOC
| Q1 26 | -2.3% | — | ||
| Q4 25 | 6.2% | 15.5% | ||
| Q3 25 | 16.5% | 28.0% | ||
| Q2 25 | 13.7% | 4.7% | ||
| Q1 25 | -1.3% | -10.0% | ||
| Q4 24 | -3.1% | 16.9% | ||
| Q3 24 | 0.3% | 18.3% | ||
| Q2 24 | -8.1% | 12.0% |
资本支出强度LWOC
| Q1 26 | 6.5% | — | ||
| Q4 25 | 4.8% | 12.0% | ||
| Q3 25 | 4.7% | 6.2% | ||
| Q2 25 | 38.1% | 7.2% | ||
| Q1 25 | 5.0% | 8.0% | ||
| Q4 24 | 9.3% | 6.9% | ||
| Q3 24 | 19.7% | 4.6% | ||
| Q2 24 | 57.7% | 5.6% |
现金转化率LWOC
| Q1 26 | 1.21× | — | ||
| Q4 25 | 2.87× | — | ||
| Q3 25 | 5.47× | — | ||
| Q2 25 | 7.24× | 0.90× | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.59× | 2.18× | ||
| Q2 24 | 6.16× | 1.73× |
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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
