vs
LXP Industrial Trust（LXP）与System1, Inc.（SST）财务数据对比。点击上方公司名可切换其他公司
LXP Industrial Trust的季度营收约是System1, Inc.的1.7倍（$86.7M vs $51.9M），LXP Industrial Trust净利率更高（33.2% vs -26.0%，领先59.1%），LXP Industrial Trust同比增速更快（-14.0% vs -31.3%），过去两年LXP Industrial Trust的营收复合增速更高（0.3% vs -21.8%）
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。
System1是一家美国互联网广告企业，成立于2013年，前身为OpenMail，总部位于加利福尼亚州玛丽娜德尔雷。该公司主打获客响应营销平台业务，将隐私保护作为核心经营重点之一，但也曾因对Startpage.com等主打隐私的平台的影响受到批评。
LXP vs SST — 直观对比
营收规模更大
LXP
是对方的1.7倍
$51.9M
营收增速更快
LXP
高出17.3%
-31.3%
净利率更高
LXP
高出59.1%
-26.0%
两年增速更快
LXP
近两年复合增速
-21.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.7M | $51.9M |
| 净利润 | $28.8M | $-13.5M |
| 毛利率 | 81.5% | 41.0% |
| 营业利润率 | 34.6% | -33.6% |
| 净利率 | 33.2% | -26.0% |
| 营收同比 | -14.0% | -31.3% |
| 净利润同比 | — | 4.8% |
| 每股收益（稀释后） | — | $-3.58 |
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LXPSST
| Q4 25 | $86.7M | $51.9M | ||
| Q3 25 | $86.9M | $61.6M | ||
| Q2 25 | $87.7M | $78.1M | ||
| Q1 25 | $88.9M | $74.5M | ||
| Q4 24 | $100.9M | $75.6M | ||
| Q3 24 | $85.6M | $88.8M | ||
| Q2 24 | $85.8M | $94.6M | ||
| Q1 24 | $86.3M | $84.9M |
净利润LXPSST
| Q4 25 | $28.8M | $-13.5M | ||
| Q3 25 | $36.3M | $-18.5M | ||
| Q2 25 | $29.1M | $-17.5M | ||
| Q1 25 | $19.0M | $-15.9M | ||
| Q4 24 | — | $-14.2M | ||
| Q3 24 | $6.3M | $-23.6M | ||
| Q2 24 | $5.4M | $-26.4M | ||
| Q1 24 | $-269.0K | $-10.5M |
毛利率LXPSST
| Q4 25 | 81.5% | 41.0% | ||
| Q3 25 | 82.3% | 36.9% | ||
| Q2 25 | 81.9% | 35.7% | ||
| Q1 25 | 80.7% | 38.2% | ||
| Q4 24 | 85.3% | 42.1% | ||
| Q3 24 | 82.5% | 28.0% | ||
| Q2 24 | 82.0% | 27.6% | ||
| Q1 24 | 82.4% | 21.9% |
营业利润率LXPSST
| Q4 25 | 34.6% | -33.6% | ||
| Q3 25 | 50.4% | -25.3% | ||
| Q2 25 | 33.7% | -20.4% | ||
| Q1 25 | 21.8% | -17.6% | ||
| Q4 24 | — | -15.7% | ||
| Q3 24 | 7.9% | -24.6% | ||
| Q2 24 | 6.9% | -30.8% | ||
| Q1 24 | 1.0% | -30.4% |
净利率LXPSST
| Q4 25 | 33.2% | -26.0% | ||
| Q3 25 | 41.7% | -30.1% | ||
| Q2 25 | 33.2% | -22.4% | ||
| Q1 25 | 21.4% | -21.3% | ||
| Q4 24 | — | -18.7% | ||
| Q3 24 | 7.4% | -26.6% | ||
| Q2 24 | 6.3% | -27.9% | ||
| Q1 24 | -0.3% | -12.4% |
每股收益（稀释后）LXPSST
| Q4 25 | — | $-3.58 | ||
| Q3 25 | $0.12 | $-2.30 | ||
| Q2 25 | $0.09 | $-2.23 | ||
| Q1 25 | $0.06 | $-0.21 | ||
| Q4 24 | — | $-3.41 | ||
| Q3 24 | $0.02 | $-3.37 | ||
| Q2 24 | $0.01 | $-3.80 | ||
| Q1 24 | $-0.01 | $-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 | $170.4M | $86.9M |
| 总债务越低越好 | $1.4B | $305.1M |
| 股东权益账面价值 | $2.0B | $30.5M |
| 总资产 | $3.5B | $405.0M |
| 负债/权益比越低杠杆越低 | 0.66× | 10.01× |
8季度趋势，按日历期对齐
现金及短期投资LXPSST
| Q4 25 | $170.4M | $86.9M | ||
| Q3 25 | $229.7M | $54.6M | ||
| Q2 25 | $71.0M | $63.6M | ||
| Q1 25 | $70.9M | $43.9M | ||
| Q4 24 | $101.8M | $63.6M | ||
| Q3 24 | $55.0M | $69.1M | ||
| Q2 24 | $48.7M | $75.7M | ||
| Q1 24 | $293.8M | $69.9M |
总债务LXPSST
| Q4 25 | $1.4B | $305.1M | ||
| Q3 25 | $1.5B | $259.2M | ||
| Q2 25 | $1.5B | $263.3M | ||
| Q1 25 | $1.5B | $267.4M | ||
| Q4 24 | $1.6B | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
股东权益LXPSST
| Q4 25 | $2.0B | $30.5M | ||
| Q3 25 | $2.1B | $42.7M | ||
| Q2 25 | $2.1B | $58.2M | ||
| Q1 25 | $2.1B | $67.2M | ||
| Q4 24 | $2.1B | $80.3M | ||
| Q3 24 | $2.1B | $90.3M | ||
| Q2 24 | $2.1B | $109.4M | ||
| Q1 24 | $2.2B | $131.7M |
总资产LXPSST
| Q4 25 | $3.5B | $405.0M | ||
| Q3 25 | $3.7B | $385.2M | ||
| Q2 25 | $3.7B | $429.2M | ||
| Q1 25 | $3.8B | $419.2M | ||
| Q4 24 | $3.8B | $459.1M | ||
| Q3 24 | $3.9B | $479.3M | ||
| Q2 24 | $3.9B | $511.3M | ||
| Q1 24 | $4.2B | $521.1M |
负债/权益比LXPSST
| Q4 25 | 0.66× | 10.01× | ||
| Q3 25 | 0.72× | 6.07× | ||
| Q2 25 | 0.72× | 4.53× | ||
| Q1 25 | 0.73× | 3.98× | ||
| Q4 24 | 0.75× | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 2.04× |
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 | $-10.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流LXPSST
| Q4 25 | $188.7M | $-10.6M | ||
| Q3 25 | $63.5M | $-2.1M | ||
| Q2 25 | $44.3M | $24.5M | ||
| Q1 25 | $39.0M | $-15.9M | ||
| Q4 24 | $211.2M | $772.0K | ||
| Q3 24 | $64.6M | $-5.0K | ||
| Q2 24 | $38.5M | $10.0M | ||
| Q1 24 | $38.9M | $-16.0M |
自由现金流LXPSST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-16.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-36.0K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率LXPSST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度LXPSST
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
现金转化率LXPSST
| 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 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
