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Arcosa, Inc.（ACA）与朗美通（LITE）财务数据对比。点击上方公司名可切换其他公司
Arcosa, Inc.的季度营收约是朗美通的1.1倍（$716.7M vs $665.5M），朗美通净利率更高（11.8% vs 7.3%，领先4.5%），朗美通同比增速更快（65.5% vs 7.6%），Arcosa, Inc.自由现金流更多（$55.8M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
ACA vs LITE — 直观对比
营收规模更大
ACA
是对方的1.1倍
$665.5M
营收增速更快
LITE
高出57.9%
7.6%
净利率更高
LITE
高出4.5%
7.3%
自由现金流更多
ACA
多$12.7M
$43.1M
两年增速更快
LITE
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $665.5M |
| 净利润 | $52.1M | $78.2M |
| 毛利率 | 22.9% | 36.1% |
| 营业利润率 | 11.0% | 9.7% |
| 净利率 | 7.3% | 11.8% |
| 营收同比 | 7.6% | 65.5% |
| 净利润同比 | 776.6% | 228.4% |
| 每股收益（稀释后） | $1.06 | $0.89 |
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ACALITE
| Q4 25 | $716.7M | $665.5M | ||
| Q3 25 | $797.8M | $533.8M | ||
| Q2 25 | $736.9M | $480.7M | ||
| Q1 25 | $632.0M | $425.2M | ||
| Q4 24 | $666.2M | $402.2M | ||
| Q3 24 | $640.4M | $336.9M | ||
| Q2 24 | $664.7M | $308.3M | ||
| Q1 24 | $598.6M | $366.5M |
净利润ACALITE
| Q4 25 | $52.1M | $78.2M | ||
| Q3 25 | $73.0M | $4.2M | ||
| Q2 25 | $59.7M | $213.3M | ||
| Q1 25 | $23.6M | $-44.1M | ||
| Q4 24 | $-7.7M | $-60.9M | ||
| Q3 24 | $16.6M | $-82.4M | ||
| Q2 24 | $45.6M | $-252.5M | ||
| Q1 24 | $39.2M | $-127.0M |
毛利率ACALITE
| Q4 25 | 22.9% | 36.1% | ||
| Q3 25 | 24.1% | 34.0% | ||
| Q2 25 | 22.5% | 33.3% | ||
| Q1 25 | 19.8% | 28.8% | ||
| Q4 24 | 19.3% | 24.8% | ||
| Q3 24 | 21.3% | 23.1% | ||
| Q2 24 | 20.8% | 16.6% | ||
| Q1 24 | 18.6% | 16.2% |
营业利润率ACALITE
| Q4 25 | 11.0% | 9.7% | ||
| Q3 25 | 14.1% | 1.3% | ||
| Q2 25 | 12.9% | -1.7% | ||
| Q1 25 | 8.8% | -8.9% | ||
| Q4 24 | 6.5% | -12.8% | ||
| Q3 24 | 5.3% | -24.5% | ||
| Q2 24 | 10.1% | -43.3% | ||
| Q1 24 | 8.9% | -31.3% |
净利率ACALITE
| Q4 25 | 7.3% | 11.8% | ||
| Q3 25 | 9.2% | 0.8% | ||
| Q2 25 | 8.1% | 44.4% | ||
| Q1 25 | 3.7% | -10.4% | ||
| Q4 24 | -1.2% | -15.1% | ||
| Q3 24 | 2.6% | -24.5% | ||
| Q2 24 | 6.9% | -81.9% | ||
| Q1 24 | 6.5% | -34.7% |
每股收益（稀释后）ACALITE
| Q4 25 | $1.06 | $0.89 | ||
| Q3 25 | $1.48 | $0.05 | ||
| Q2 25 | $1.22 | $3.10 | ||
| Q1 25 | $0.48 | $-0.64 | ||
| Q4 24 | $-0.16 | $-0.88 | ||
| Q3 24 | $0.34 | $-1.21 | ||
| Q2 24 | $0.93 | $-3.75 | ||
| Q1 24 | $0.80 | $-1.88 |
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 | $214.6M | $1.2B |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $2.6B | $846.6M |
| 总资产 | $5.0B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资ACALITE
| Q4 25 | $214.6M | $1.2B | ||
| Q3 25 | $220.0M | $1.1B | ||
| Q2 25 | $189.7M | $877.1M | ||
| Q1 25 | $167.9M | $866.7M | ||
| Q4 24 | $187.3M | $896.7M | ||
| Q3 24 | $756.8M | $916.1M | ||
| Q2 24 | $103.7M | $887.0M | ||
| Q1 24 | $176.5M | $870.9M |
总债务ACALITE
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $699.9M | — | ||
| Q1 24 | $600.6M | — |
股东权益ACALITE
| Q4 25 | $2.6B | $846.6M | ||
| Q3 25 | $2.6B | $780.8M | ||
| Q2 25 | $2.5B | $1.1B | ||
| Q1 25 | $2.5B | $879.5M | ||
| Q4 24 | $2.4B | $872.3M | ||
| Q3 24 | $2.4B | $895.9M | ||
| Q2 24 | $2.4B | $957.3M | ||
| Q1 24 | $2.4B | $1.2B |
总资产ACALITE
| Q4 25 | $5.0B | $4.8B | ||
| Q3 25 | $5.1B | $4.6B | ||
| Q2 25 | $5.0B | $4.2B | ||
| Q1 25 | $4.9B | $4.0B | ||
| Q4 24 | $4.9B | $4.0B | ||
| Q3 24 | $4.4B | $4.0B | ||
| Q2 24 | $3.8B | $3.9B | ||
| Q1 24 | $3.7B | $4.2B |
负债/权益比ACALITE
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.25× | — |
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 | $120.0M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $43.1M |
| 自由现金流率自由现金流/营收 | 7.8% | 6.5% |
| 资本支出强度资本支出/营收 | 9.0% | 12.6% |
| 现金转化率经营现金流/净利润 | 2.30× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流ACALITE
| Q4 25 | $120.0M | $126.7M | ||
| Q3 25 | $160.6M | $57.9M | ||
| Q2 25 | $61.2M | $64.0M | ||
| Q1 25 | $-700.0K | $-1.6M | ||
| Q4 24 | $248.2M | $24.3M | ||
| Q3 24 | $135.0M | $39.6M | ||
| Q2 24 | $38.3M | $35.5M | ||
| Q1 24 | $80.5M | $-7.0M |
自由现金流ACALITE
| Q4 25 | $55.8M | $43.1M | ||
| Q3 25 | $121.0M | $-18.3M | ||
| Q2 25 | $33.4M | $10.1M | ||
| Q1 25 | $-34.7M | $-64.4M | ||
| Q4 24 | $194.9M | $-15.9M | ||
| Q3 24 | $100.6M | $-34.5M | ||
| Q2 24 | $-9.3M | $10.9M | ||
| Q1 24 | $26.1M | $-26.6M |
自由现金流率ACALITE
| Q4 25 | 7.8% | 6.5% | ||
| Q3 25 | 15.2% | -3.4% | ||
| Q2 25 | 4.5% | 2.1% | ||
| Q1 25 | -5.5% | -15.1% | ||
| Q4 24 | 29.3% | -4.0% | ||
| Q3 24 | 15.7% | -10.2% | ||
| Q2 24 | -1.4% | 3.5% | ||
| Q1 24 | 4.4% | -7.3% |
资本支出强度ACALITE
| Q4 25 | 9.0% | 12.6% | ||
| Q3 25 | 5.0% | 14.3% | ||
| Q2 25 | 3.8% | 11.2% | ||
| Q1 25 | 5.4% | 14.8% | ||
| Q4 24 | 8.0% | 10.0% | ||
| Q3 24 | 5.4% | 22.0% | ||
| Q2 24 | 7.2% | 8.0% | ||
| Q1 24 | 9.1% | 5.3% |
现金转化率ACALITE
| Q4 25 | 2.30× | 1.62× | ||
| Q3 25 | 2.20× | 13.79× | ||
| Q2 25 | 1.03× | 0.30× | ||
| Q1 25 | -0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.13× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 2.05× | — |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
