vs
LXP Industrial Trust（LXP）与SHENANDOAH TELECOMMUNICATIONS CO（SHEN）财务数据对比。点击上方公司名可切换其他公司
SHENANDOAH TELECOMMUNICATIONS CO的季度营收约是LXP Industrial Trust的1.1倍（$91.6M vs $86.7M），LXP Industrial Trust净利率更高（33.2% vs -5.9%，领先39.0%），SHENANDOAH TELECOMMUNICATIONS CO同比增速更快（7.2% vs -14.0%），过去两年SHENANDOAH TELECOMMUNICATIONS CO的营收复合增速更高（15.0% 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。
谢南多厄电信是总部位于美国弗吉尼亚州的区域性电信服务商，面向美国中大西洋地区多州的居民及商业客户提供宽带互联网、无线通信、数字有线电视及光纤网络解决方案，重点服务乡村及城郊欠发达区域。
LXP vs SHEN — 直观对比
营收规模更大
SHEN
是对方的1.1倍
$86.7M
营收增速更快
SHEN
高出21.2%
-14.0%
净利率更高
LXP
高出39.0%
-5.9%
两年增速更快
SHEN
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.7M | $91.6M |
| 净利润 | $28.8M | $-5.4M |
| 毛利率 | 81.5% | — |
| 营业利润率 | 34.6% | -1.0% |
| 净利率 | 33.2% | -5.9% |
| 营收同比 | -14.0% | 7.2% |
| 净利润同比 | — | -95.8% |
| 每股收益（稀释后） | — | $-0.13 |
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LXPSHEN
| Q4 25 | $86.7M | $91.6M | ||
| Q3 25 | $86.9M | $89.8M | ||
| Q2 25 | $87.7M | $88.6M | ||
| Q1 25 | $88.9M | $87.9M | ||
| Q4 24 | $100.9M | $85.4M | ||
| Q3 24 | $85.6M | $87.6M | ||
| Q2 24 | $85.8M | $85.8M | ||
| Q1 24 | $86.3M | $69.2M |
净利润LXPSHEN
| Q4 25 | $28.8M | $-5.4M | ||
| Q3 25 | $36.3M | $-9.4M | ||
| Q2 25 | $29.1M | $-9.0M | ||
| Q1 25 | $19.0M | $-9.1M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $6.3M | $-5.3M | ||
| Q2 24 | $5.4M | $-12.9M | ||
| Q1 24 | $-269.0K | $214.7M |
毛利率LXPSHEN
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.3% | — | ||
| Q2 25 | 81.9% | — | ||
| Q1 25 | 80.7% | — | ||
| Q4 24 | 85.3% | — | ||
| Q3 24 | 82.5% | — | ||
| Q2 24 | 82.0% | — | ||
| Q1 24 | 82.4% | — |
营业利润率LXPSHEN
| Q4 25 | 34.6% | -1.0% | ||
| Q3 25 | 50.4% | -8.0% | ||
| Q2 25 | 33.7% | -10.3% | ||
| Q1 25 | 21.8% | -6.9% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | 7.9% | -4.8% | ||
| Q2 24 | 6.9% | -18.5% | ||
| Q1 24 | 1.0% | -4.0% |
净利率LXPSHEN
| Q4 25 | 33.2% | -5.9% | ||
| Q3 25 | 41.7% | -10.5% | ||
| Q2 25 | 33.2% | -10.2% | ||
| Q1 25 | 21.4% | -10.4% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | 7.4% | -6.0% | ||
| Q2 24 | 6.3% | -15.0% | ||
| Q1 24 | -0.3% | 310.0% |
每股收益（稀释后）LXPSHEN
| Q4 25 | — | $-0.13 | ||
| Q3 25 | $0.12 | $-0.20 | ||
| Q2 25 | $0.09 | $-0.19 | ||
| Q1 25 | $0.06 | $-0.19 | ||
| Q4 24 | — | $-0.34 | ||
| Q3 24 | $0.02 | $-0.13 | ||
| Q2 24 | $0.01 | $-0.24 | ||
| Q1 24 | $-0.01 | $4.25 |
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 | $27.3M |
| 总债务越低越好 | $1.4B | $642.4M |
| 股东权益账面价值 | $2.0B | $880.8M |
| 总资产 | $3.5B | $1.9B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资LXPSHEN
| Q4 25 | $170.4M | $27.3M | ||
| Q3 25 | $229.7M | $22.6M | ||
| Q2 25 | $71.0M | $29.1M | ||
| Q1 25 | $70.9M | $87.5M | ||
| Q4 24 | $101.8M | $46.3M | ||
| Q3 24 | $55.0M | $43.1M | ||
| Q2 24 | $48.7M | $43.8M | ||
| Q1 24 | $293.8M | $389.7M |
总债务LXPSHEN
| Q4 25 | $1.4B | $642.4M | ||
| Q3 25 | $1.5B | $535.4M | ||
| Q2 25 | $1.5B | $513.1M | ||
| Q1 25 | $1.5B | $515.8M | ||
| Q4 24 | $1.6B | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
股东权益LXPSHEN
| Q4 25 | $2.0B | $880.8M | ||
| Q3 25 | $2.1B | $892.7M | ||
| Q2 25 | $2.1B | $902.0M | ||
| Q1 25 | $2.1B | $910.5M | ||
| Q4 24 | $2.1B | $918.6M | ||
| Q3 24 | $2.1B | $925.4M | ||
| Q2 24 | $2.1B | $933.1M | ||
| Q1 24 | $2.2B | $871.6M |
总资产LXPSHEN
| Q4 25 | $3.5B | $1.9B | ||
| Q3 25 | $3.7B | $1.9B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.8B | $1.8B | ||
| Q4 24 | $3.8B | $1.7B | ||
| Q3 24 | $3.9B | $1.7B | ||
| Q2 24 | $3.9B | $1.7B | ||
| Q1 24 | $4.2B | $1.4B |
负债/权益比LXPSHEN
| Q4 25 | 0.66× | 0.73× | ||
| Q3 25 | 0.72× | 0.60× | ||
| Q2 25 | 0.72× | 0.57× | ||
| Q1 25 | 0.73× | 0.57× | ||
| Q4 24 | 0.75× | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-78.6M |
| 自由现金流率自由现金流/营收 | — | -85.8% |
| 资本支出强度资本支出/营收 | — | 117.2% |
| 现金转化率经营现金流/净利润 | 6.56× | — |
| 过去12个月自由现金流最近4个季度 | — | $-257.9M |
8季度趋势，按日历期对齐
经营现金流LXPSHEN
| Q4 25 | $188.7M | $28.8M | ||
| Q3 25 | $63.5M | $30.7M | ||
| Q2 25 | $44.3M | $20.9M | ||
| Q1 25 | $39.0M | $20.5M | ||
| Q4 24 | $211.2M | $20.6M | ||
| Q3 24 | $64.6M | $24.3M | ||
| Q2 24 | $38.5M | $2.5M | ||
| Q1 24 | $38.9M | $15.2M |
自由现金流LXPSHEN
| Q4 25 | — | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | — | $-65.3M | ||
| Q1 25 | — | $-62.7M | ||
| Q4 24 | — | $-72.0M | ||
| Q3 24 | — | $-51.3M | ||
| Q2 24 | — | $-78.3M | ||
| Q1 24 | — | $-54.9M |
自由现金流率LXPSHEN
| Q4 25 | — | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | — | -73.7% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | — | -84.3% | ||
| Q3 24 | — | -58.5% | ||
| Q2 24 | — | -91.3% | ||
| Q1 24 | — | -79.3% |
资本支出强度LXPSHEN
| Q4 25 | — | 117.2% | ||
| Q3 25 | — | 91.4% | ||
| Q2 25 | — | 97.3% | ||
| Q1 25 | — | 94.7% | ||
| Q4 24 | — | 108.4% | ||
| Q3 24 | — | 86.2% | ||
| Q2 24 | — | 94.2% | ||
| Q1 24 | — | 101.2% |
现金转化率LXPSHEN
| Q4 25 | 6.56× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.18× | — | ||
| Q2 24 | 7.09× | — | ||
| Q1 24 | — | 0.07× |
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
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
