vs
乐至宝（LZB）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
乐至宝的季度营收约是RBC Bearings INC的1.2倍（$541.6M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 4.0%，领先10.6%），RBC Bearings INC同比增速更快（17.0% vs 3.8%），RBC Bearings INC自由现金流更多（$99.1M vs $71.6M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -1.1%）
La-Z-Boy是总部位于美国密歇根州门罗的家具制造企业，主打居家家具产品，涵盖软垫 recliner、沙发、固定座椅、升降椅、沙发床等品类，全球员工规模超过11000人，是休闲家居领域的知名品牌。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
LZB vs RBC — 直观对比
营收规模更大
LZB
是对方的1.2倍
$461.6M
营收增速更快
RBC
高出13.2%
3.8%
净利率更高
RBC
高出10.6%
4.0%
自由现金流更多
RBC
多$27.5M
$71.6M
两年增速更快
RBC
近两年复合增速
-1.1%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $541.6M | $461.6M |
| 净利润 | $21.6M | $67.4M |
| 毛利率 | 43.1% | 44.3% |
| 营业利润率 | 5.5% | 22.3% |
| 净利率 | 4.0% | 14.6% |
| 营收同比 | 3.8% | 17.0% |
| 净利润同比 | -23.8% | 16.4% |
| 每股收益（稀释后） | $0.52 | $2.13 |
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LZBRBC
| Q1 26 | $541.6M | — | ||
| Q4 25 | $522.5M | $461.6M | ||
| Q3 25 | $492.2M | $455.3M | ||
| Q2 25 | $570.9M | $436.0M | ||
| Q1 25 | $521.8M | $437.7M | ||
| Q4 24 | $521.0M | $394.4M | ||
| Q3 24 | $495.5M | $397.9M | ||
| Q2 24 | $553.5M | $406.3M |
净利润LZBRBC
| Q1 26 | $21.6M | — | ||
| Q4 25 | $28.9M | $67.4M | ||
| Q3 25 | $18.2M | $60.0M | ||
| Q2 25 | $14.9M | $68.5M | ||
| Q1 25 | $28.4M | $72.7M | ||
| Q4 24 | $30.0M | $57.9M | ||
| Q3 24 | $26.2M | $54.2M | ||
| Q2 24 | $39.3M | $61.4M |
毛利率LZBRBC
| Q1 26 | 43.1% | — | ||
| Q4 25 | 44.2% | 44.3% | ||
| Q3 25 | 42.5% | 44.1% | ||
| Q2 25 | 44.0% | 44.8% | ||
| Q1 25 | 44.3% | 44.2% | ||
| Q4 24 | 44.3% | 44.3% | ||
| Q3 24 | 43.1% | 43.7% | ||
| Q2 24 | 43.4% | 45.3% |
营业利润率LZBRBC
| Q1 26 | 5.5% | — | ||
| Q4 25 | 6.9% | 22.3% | ||
| Q3 25 | 4.5% | 21.5% | ||
| Q2 25 | 5.2% | 23.2% | ||
| Q1 25 | 6.7% | 23.0% | ||
| Q4 24 | 7.4% | 21.7% | ||
| Q3 24 | 6.5% | 21.6% | ||
| Q2 24 | 9.1% | 24.0% |
净利率LZBRBC
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.5% | 14.6% | ||
| Q3 25 | 3.7% | 13.2% | ||
| Q2 25 | 2.6% | 15.7% | ||
| Q1 25 | 5.4% | 16.6% | ||
| Q4 24 | 5.8% | 14.7% | ||
| Q3 24 | 5.3% | 13.6% | ||
| Q2 24 | 7.1% | 15.1% |
每股收益（稀释后）LZBRBC
| Q1 26 | $0.52 | — | ||
| Q4 25 | $0.70 | $2.13 | ||
| Q3 25 | $0.44 | $1.90 | ||
| Q2 25 | $0.35 | $2.17 | ||
| Q1 25 | $0.68 | $2.33 | ||
| Q4 24 | $0.71 | $1.82 | ||
| Q3 24 | $0.61 | $1.65 | ||
| Q2 24 | $0.91 | $1.90 |
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 | $306.1M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.0B | $3.3B |
| 总资产 | $2.1B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资LZBRBC
| Q1 26 | $306.1M | — | ||
| Q4 25 | $338.5M | $107.6M | ||
| Q3 25 | $318.5M | $91.2M | ||
| Q2 25 | $328.4M | $132.9M | ||
| Q1 25 | $314.6M | $36.8M | ||
| Q4 24 | $303.1M | — | ||
| Q3 24 | $342.3M | — | ||
| Q2 24 | $341.1M | $76.8M |
总债务LZBRBC
| Q1 26 | — | — | ||
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LZBRBC
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $3.3B | ||
| Q3 25 | $1.0B | $3.2B | ||
| Q2 25 | $1.0B | $3.1B | ||
| Q1 25 | $1.0B | $3.0B | ||
| Q4 24 | $1.0B | $2.9B | ||
| Q3 24 | $999.2M | $2.9B | ||
| Q2 24 | $1.0B | $2.8B |
总资产LZBRBC
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $5.1B | ||
| Q3 25 | $1.9B | $5.1B | ||
| Q2 25 | $1.9B | $4.8B | ||
| Q1 25 | $2.0B | $4.7B | ||
| Q4 24 | $1.9B | $4.7B | ||
| Q3 24 | $1.9B | $4.7B | ||
| Q2 24 | $1.9B | $4.7B |
负债/权益比LZBRBC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $89.4M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $71.6M | $99.1M |
| 自由现金流率自由现金流/营收 | 13.2% | 21.5% |
| 资本支出强度资本支出/营收 | 3.3% | 5.0% |
| 现金转化率经营现金流/净利润 | 4.13× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $158.2M | — |
8季度趋势，按日历期对齐
经营现金流LZBRBC
| Q1 26 | $89.4M | — | ||
| Q4 25 | $50.0M | $122.1M | ||
| Q3 25 | $36.3M | $88.4M | ||
| Q2 25 | $62.0M | $120.0M | ||
| Q1 25 | $57.0M | — | ||
| Q4 24 | $15.9M | $84.0M | ||
| Q3 24 | $52.3M | — | ||
| Q2 24 | $52.8M | $97.4M |
自由现金流LZBRBC
| Q1 26 | $71.6M | — | ||
| Q4 25 | $29.6M | $99.1M | ||
| Q3 25 | $17.8M | $71.7M | ||
| Q2 25 | $39.3M | $104.3M | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $-1.2M | $73.6M | ||
| Q3 24 | $36.7M | — | ||
| Q2 24 | $37.3M | $88.4M |
自由现金流率LZBRBC
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | 21.5% | ||
| Q3 25 | 3.6% | 15.7% | ||
| Q2 25 | 6.9% | 23.9% | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | -0.2% | 18.7% | ||
| Q3 24 | 7.4% | — | ||
| Q2 24 | 6.7% | 21.8% |
资本支出强度LZBRBC
| Q1 26 | 3.3% | — | ||
| Q4 25 | 3.9% | 5.0% | ||
| Q3 25 | 3.8% | 3.7% | ||
| Q2 25 | 4.0% | 3.6% | ||
| Q1 25 | 3.6% | 3.2% | ||
| Q4 24 | 3.3% | 2.6% | ||
| Q3 24 | 3.2% | 4.1% | ||
| Q2 24 | 2.8% | 2.2% |
现金转化率LZBRBC
| Q1 26 | 4.13× | — | ||
| Q4 25 | 1.73× | 1.81× | ||
| Q3 25 | 1.99× | 1.47× | ||
| Q2 25 | 4.15× | 1.75× | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 0.53× | 1.45× | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 1.34× | 1.59× |
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
LZB
| Stationary Upholstery Furniture | $286.2M | 53% |
| Retail Segment | $251.9M | 47% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
