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乐至宝（LZB）与VIAVI SOLUTIONS INC.（VIAV）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VIAVI SOLUTIONS INC.的1.5倍（$541.6M vs $369.3M），乐至宝净利率更高（4.0% vs -13.0%，领先17.0%），VIAVI SOLUTIONS INC.同比增速更快（36.4% vs 3.8%），乐至宝自由现金流更多（$71.6M vs $36.9M），过去两年VIAVI SOLUTIONS INC.的营收复合增速更高（22.5% 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。
VIAVI Solutions前身为JDS Uniphase（JDSU）的一部分，是总部位于美国亚利桑那州钱德勒的网络测试、测量与保障技术企业，主营网络测试和监控设备，同时研发的光学技术可应用于材料质量管控、货币防伪、3D动作传感等多个领域，微软Kinect体感游戏控制器的相关技术也来自该公司。
LZB vs VIAV — 直观对比
营收规模更大
LZB
是对方的1.5倍
$369.3M
营收增速更快
VIAV
高出32.6%
3.8%
净利率更高
LZB
高出17.0%
-13.0%
自由现金流更多
LZB
多$34.7M
$36.9M
两年增速更快
VIAV
近两年复合增速
-1.1%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $541.6M | $369.3M |
| 净利润 | $21.6M | $-48.1M |
| 毛利率 | 43.1% | 57.0% |
| 营业利润率 | 5.5% | 3.1% |
| 净利率 | 4.0% | -13.0% |
| 营收同比 | 3.8% | 36.4% |
| 净利润同比 | -23.8% | -628.6% |
| 每股收益（稀释后） | $0.52 | $-0.21 |
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LZBVIAV
| Q1 26 | $541.6M | — | ||
| Q4 25 | $522.5M | $369.3M | ||
| Q3 25 | $492.2M | $299.1M | ||
| Q2 25 | $570.9M | $290.5M | ||
| Q1 25 | $521.8M | $284.8M | ||
| Q4 24 | $521.0M | $270.8M | ||
| Q3 24 | $495.5M | $238.2M | ||
| Q2 24 | $553.5M | $252.0M |
净利润LZBVIAV
| Q1 26 | $21.6M | — | ||
| Q4 25 | $28.9M | $-48.1M | ||
| Q3 25 | $18.2M | $-21.4M | ||
| Q2 25 | $14.9M | $8.0M | ||
| Q1 25 | $28.4M | $19.5M | ||
| Q4 24 | $30.0M | $9.1M | ||
| Q3 24 | $26.2M | $-1.8M | ||
| Q2 24 | $39.3M | $-21.7M |
毛利率LZBVIAV
| Q1 26 | 43.1% | — | ||
| Q4 25 | 44.2% | 57.0% | ||
| Q3 25 | 42.5% | 56.5% | ||
| Q2 25 | 44.0% | 56.3% | ||
| Q1 25 | 44.3% | 56.4% | ||
| Q4 24 | 44.3% | 59.4% | ||
| Q3 24 | 43.1% | 57.1% | ||
| Q2 24 | 43.4% | 57.8% |
营业利润率LZBVIAV
| Q1 26 | 5.5% | — | ||
| Q4 25 | 6.9% | 3.1% | ||
| Q3 25 | 4.5% | 2.5% | ||
| Q2 25 | 5.2% | 5.3% | ||
| Q1 25 | 6.7% | 3.0% | ||
| Q4 24 | 7.4% | 8.2% | ||
| Q3 24 | 6.5% | 4.8% | ||
| Q2 24 | 9.1% | -2.3% |
净利率LZBVIAV
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.5% | -13.0% | ||
| Q3 25 | 3.7% | -7.2% | ||
| Q2 25 | 2.6% | 2.8% | ||
| Q1 25 | 5.4% | 6.8% | ||
| Q4 24 | 5.8% | 3.4% | ||
| Q3 24 | 5.3% | -0.8% | ||
| Q2 24 | 7.1% | -8.6% |
每股收益（稀释后）LZBVIAV
| Q1 26 | $0.52 | — | ||
| Q4 25 | $0.70 | $-0.21 | ||
| Q3 25 | $0.44 | $-0.10 | ||
| Q2 25 | $0.35 | $0.03 | ||
| Q1 25 | $0.68 | $0.09 | ||
| Q4 24 | $0.71 | $0.04 | ||
| Q3 24 | $0.61 | $-0.01 | ||
| Q2 24 | $0.91 | $-0.10 |
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 | $767.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $1.0B | $834.3M |
| 总资产 | $2.1B | $2.8B |
| 负债/权益比越低杠杆越低 | — | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资LZBVIAV
| Q1 26 | $306.1M | — | ||
| Q4 25 | $338.5M | $767.4M | ||
| Q3 25 | $318.5M | $545.6M | ||
| Q2 25 | $328.4M | $425.3M | ||
| Q1 25 | $314.6M | $396.8M | ||
| Q4 24 | $303.1M | $509.4M | ||
| Q3 24 | $342.3M | $493.1M | ||
| Q2 24 | $341.1M | $491.2M |
总债务LZBVIAV
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $640.5M | ||
| Q2 25 | — | $396.3M | ||
| Q1 25 | — | $396.1M | ||
| Q4 24 | — | $639.3M | ||
| Q3 24 | — | $637.6M | ||
| Q2 24 | — | $636.0M |
股东权益LZBVIAV
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $834.3M | ||
| Q3 25 | $1.0B | $723.9M | ||
| Q2 25 | $1.0B | $780.2M | ||
| Q1 25 | $1.0B | $728.8M | ||
| Q4 24 | $1.0B | $682.8M | ||
| Q3 24 | $999.2M | $702.1M | ||
| Q2 24 | $1.0B | $681.6M |
总资产LZBVIAV
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $2.8B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.9B | $1.7B | ||
| Q2 24 | $1.9B | $1.7B |
负债/权益比LZBVIAV
| Q1 26 | — | — | ||
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 0.88× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.54× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.93× |
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 | $42.5M |
| 自由现金流经营现金流 - 资本支出 | $71.6M | $36.9M |
| 自由现金流率自由现金流/营收 | 13.2% | 10.0% |
| 资本支出强度资本支出/营收 | 3.3% | 1.5% |
| 现金转化率经营现金流/净利润 | 4.13× | — |
| 过去12个月自由现金流最近4个季度 | $158.2M | $78.7M |
8季度趋势，按日历期对齐
经营现金流LZBVIAV
| Q1 26 | $89.4M | — | ||
| Q4 25 | $50.0M | $42.5M | ||
| Q3 25 | $36.3M | $31.0M | ||
| Q2 25 | $62.0M | $23.8M | ||
| Q1 25 | $57.0M | $7.8M | ||
| Q4 24 | $15.9M | $44.7M | ||
| Q3 24 | $52.3M | $13.5M | ||
| Q2 24 | $52.8M | $26.2M |
自由现金流LZBVIAV
| Q1 26 | $71.6M | — | ||
| Q4 25 | $29.6M | $36.9M | ||
| Q3 25 | $17.8M | $22.5M | ||
| Q2 25 | $39.3M | $18.3M | ||
| Q1 25 | $38.2M | $1.0M | ||
| Q4 24 | $-1.2M | $36.5M | ||
| Q3 24 | $36.7M | $6.2M | ||
| Q2 24 | $37.3M | $22.4M |
自由现金流率LZBVIAV
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | 10.0% | ||
| Q3 25 | 3.6% | 7.5% | ||
| Q2 25 | 6.9% | 6.3% | ||
| Q1 25 | 7.3% | 0.4% | ||
| Q4 24 | -0.2% | 13.5% | ||
| Q3 24 | 7.4% | 2.6% | ||
| Q2 24 | 6.7% | 8.9% |
资本支出强度LZBVIAV
| Q1 26 | 3.3% | — | ||
| Q4 25 | 3.9% | 1.5% | ||
| Q3 25 | 3.8% | 2.8% | ||
| Q2 25 | 4.0% | 1.9% | ||
| Q1 25 | 3.6% | 2.4% | ||
| Q4 24 | 3.3% | 3.0% | ||
| Q3 24 | 3.2% | 3.1% | ||
| Q2 24 | 2.8% | 1.5% |
现金转化率LZBVIAV
| Q1 26 | 4.13× | — | ||
| Q4 25 | 1.73× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 4.15× | 2.98× | ||
| Q1 25 | 2.01× | 0.40× | ||
| Q4 24 | 0.53× | 4.91× | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 1.34× | — |
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% |
VIAV
| Products | $317.3M | 86% |
| Services | $52.0M | 14% |
