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LXP Industrial Trust（LXP）与微宏控股（MVST）财务数据对比。点击上方公司名可切换其他公司
微宏控股的季度营收约是LXP Industrial Trust的1.1倍（$96.4M vs $86.7M），LXP Industrial Trust净利率更高（33.2% vs 17.2%，领先16.0%），LXP Industrial Trust同比增速更快（-14.0% vs -15.0%），过去两年微宏控股的营收复合增速更高（8.9% vs 0.3%）
LXP工业信托是一家公开上市的房地产投资信托，专注于持有、运营和投资美国核心市场的优质工业地产，主要涵盖配送中心、物流设施及轻型工业物业，服务电商、第三方物流、先进制造等领域租户，为投资者创造长期稳定收益。
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
LXP vs MVST — 直观对比
营收规模更大
MVST
是对方的1.1倍
$86.7M
营收增速更快
LXP
高出1.0%
-15.0%
净利率更高
LXP
高出16.0%
17.2%
两年增速更快
MVST
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.7M | $96.4M |
| 净利润 | $28.8M | $16.5M |
| 毛利率 | 81.5% | 1.0% |
| 营业利润率 | 34.6% | -42.7% |
| 净利率 | 33.2% | 17.2% |
| 营收同比 | -14.0% | -15.0% |
| 净利润同比 | — | 120.1% |
| 每股收益（稀释后） | — | $0.19 |
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LXPMVST
| Q4 25 | $86.7M | $96.4M | ||
| Q3 25 | $86.9M | $123.3M | ||
| Q2 25 | $87.7M | $91.3M | ||
| Q1 25 | $88.9M | $116.5M | ||
| Q4 24 | $100.9M | $113.4M | ||
| Q3 24 | $85.6M | $101.4M | ||
| Q2 24 | $85.8M | $83.7M | ||
| Q1 24 | $86.3M | $81.4M |
净利润LXPMVST
| Q4 25 | $28.8M | $16.5M | ||
| Q3 25 | $36.3M | $-1.5M | ||
| Q2 25 | $29.1M | $-106.1M | ||
| Q1 25 | $19.0M | $61.8M | ||
| Q4 24 | — | $-82.3M | ||
| Q3 24 | $6.3M | $13.2M | ||
| Q2 24 | $5.4M | $-101.6M | ||
| Q1 24 | $-269.0K | $-24.8M |
毛利率LXPMVST
| Q4 25 | 81.5% | 1.0% | ||
| Q3 25 | 82.3% | 37.6% | ||
| Q2 25 | 81.9% | 34.7% | ||
| Q1 25 | 80.7% | 36.9% | ||
| Q4 24 | 85.3% | 36.6% | ||
| Q3 24 | 82.5% | 33.2% | ||
| Q2 24 | 82.0% | 32.5% | ||
| Q1 24 | 82.4% | 21.2% |
营业利润率LXPMVST
| Q4 25 | 34.6% | -42.7% | ||
| Q3 25 | 50.4% | 10.5% | ||
| Q2 25 | 33.7% | 17.8% | ||
| Q1 25 | 21.8% | 16.3% | ||
| Q4 24 | — | -1.2% | ||
| Q3 24 | 7.9% | 7.1% | ||
| Q2 24 | 6.9% | -118.0% | ||
| Q1 24 | 1.0% | -28.4% |
净利率LXPMVST
| Q4 25 | 33.2% | 17.2% | ||
| Q3 25 | 41.7% | -1.2% | ||
| Q2 25 | 33.2% | -116.1% | ||
| Q1 25 | 21.4% | 53.0% | ||
| Q4 24 | — | -72.6% | ||
| Q3 24 | 7.4% | 13.1% | ||
| Q2 24 | 6.3% | -121.4% | ||
| Q1 24 | -0.3% | -30.5% |
每股收益（稀释后）LXPMVST
| Q4 25 | — | $0.19 | ||
| Q3 25 | $0.12 | $0.00 | ||
| Q2 25 | $0.09 | $-0.33 | ||
| Q1 25 | $0.06 | $0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | $0.02 | $0.03 | ||
| Q2 24 | $0.01 | $-0.32 | ||
| Q1 24 | $-0.01 | $-0.08 |
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 | $170.4M | $105.0M |
| 总债务越低越好 | $1.4B | $13.2M |
| 股东权益账面价值 | $2.0B | $410.5M |
| 总资产 | $3.5B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资LXPMVST
| Q4 25 | $170.4M | $105.0M | ||
| Q3 25 | $229.7M | $90.7M | ||
| Q2 25 | $71.0M | $99.7M | ||
| Q1 25 | $70.9M | $90.9M | ||
| Q4 24 | $101.8M | $73.0M | ||
| Q3 24 | $55.0M | $63.6M | ||
| Q2 24 | $48.7M | $68.2M | ||
| Q1 24 | $293.8M | $39.5M |
总债务LXPMVST
| Q4 25 | $1.4B | $13.2M | ||
| Q3 25 | $1.5B | $34.4M | ||
| Q2 25 | $1.5B | $34.2M | ||
| Q1 25 | $1.5B | $41.3M | ||
| Q4 24 | $1.6B | $41.1M | ||
| Q3 24 | — | $53.4M | ||
| Q2 24 | — | $34.2M | ||
| Q1 24 | — | $43.0M |
股东权益LXPMVST
| Q4 25 | $2.0B | $410.5M | ||
| Q3 25 | $2.1B | $358.1M | ||
| Q2 25 | $2.1B | $356.1M | ||
| Q1 25 | $2.1B | $454.2M | ||
| Q4 24 | $2.1B | $387.9M | ||
| Q3 24 | $2.1B | $486.1M | ||
| Q2 24 | $2.1B | $455.0M | ||
| Q1 24 | $2.2B | $546.1M |
总资产LXPMVST
| Q4 25 | $3.5B | $1.0B | ||
| Q3 25 | $3.7B | $1.0B | ||
| Q2 25 | $3.7B | $1.0B | ||
| Q1 25 | $3.8B | $982.9M | ||
| Q4 24 | $3.8B | $951.9M | ||
| Q3 24 | $3.9B | $997.9M | ||
| Q2 24 | $3.9B | $961.4M | ||
| Q1 24 | $4.2B | $1.0B |
负债/权益比LXPMVST
| Q4 25 | 0.66× | 0.03× | ||
| Q3 25 | 0.72× | 0.10× | ||
| Q2 25 | 0.72× | 0.10× | ||
| Q1 25 | 0.73× | 0.09× | ||
| Q4 24 | 0.75× | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.08× |
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 | $188.7M | $16.4M |
| 自由现金流经营现金流 - 资本支出 | — | $15.8M |
| 自由现金流率自由现金流/营收 | — | 16.4% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | 6.56× | 0.99× |
| 过去12个月自由现金流最近4个季度 | — | $56.1M |
8季度趋势，按日历期对齐
经营现金流LXPMVST
| Q4 25 | $188.7M | $16.4M | ||
| Q3 25 | $63.5M | $15.2M | ||
| Q2 25 | $44.3M | $37.2M | ||
| Q1 25 | $39.0M | $7.2M | ||
| Q4 24 | $211.2M | $6.1M | ||
| Q3 24 | $64.6M | $-5.4M | ||
| Q2 24 | $38.5M | $111.0K | ||
| Q1 24 | $38.9M | $2.0M |
自由现金流LXPMVST
| Q4 25 | — | $15.8M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $34.3M | ||
| Q1 25 | — | $4.8M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $-19.6M | ||
| Q2 24 | — | $-2.8M | ||
| Q1 24 | — | $-8.2M |
自由现金流率LXPMVST
| Q4 25 | — | 16.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 37.5% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | -19.3% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | -10.1% |
资本支出强度LXPMVST
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 12.6% |
现金转化率LXPMVST
| Q4 25 | 6.56× | 0.99× | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 2.05× | 0.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.18× | -0.41× | ||
| Q2 24 | 7.09× | — | ||
| Q1 24 | — | — |
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
LXP
暂无分部数据
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
