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安朗杰（ALLE）与COHERENT CORP.（COHR）财务数据对比。点击上方公司名可切换其他公司
COHERENT CORP.的季度营收约是安朗杰的1.6倍（$1.7B vs $1.0B）。安朗杰净利率更高（14.3% vs 8.7%，领先5.6%）。COHERENT CORP.同比增速更快（17.5% vs 9.3%）。安朗杰自由现金流更多（$200.5M vs $-95.7M）。过去两年COHERENT CORP.的营收复合增速更高（18.1% vs 7.5%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
Coherent Corp.是美国专业光学材料与半导体生产商，2023年全球员工规模达26622人。2022年原II-VI公司收购激光制造商Coherent, Inc.后更名为现名，产品广泛应用于通信、工业、医疗等众多领域。
ALLE vs COHR — 直观对比
营收规模更大
COHR
是对方的1.6倍
$1.0B
营收增速更快
COHR
高出8.2%
9.3%
净利率更高
ALLE
高出5.6%
8.7%
自由现金流更多
ALLE
多$296.2M
$-95.7M
两年增速更快
COHR
近两年复合增速
7.5%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.7B |
| 净利润 | $147.5M | $146.7M |
| 毛利率 | 44.5% | 36.9% |
| 营业利润率 | 20.3% | 10.0% |
| 净利率 | 14.3% | 8.7% |
| 营收同比 | 9.3% | 17.5% |
| 净利润同比 | 2.4% | 41.9% |
| 每股收益（稀释后） | $1.70 | $0.76 |
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ALLECOHR
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $941.9M | $1.5B | ||
| Q4 24 | $945.6M | $1.4B | ||
| Q3 24 | $967.1M | $1.3B | ||
| Q2 24 | $965.6M | $1.3B | ||
| Q1 24 | $893.9M | $1.2B |
净利润ALLECOHR
| Q4 25 | $147.5M | $146.7M | ||
| Q3 25 | $188.4M | $226.3M | ||
| Q2 25 | $159.7M | $-95.6M | ||
| Q1 25 | $148.2M | $15.7M | ||
| Q4 24 | $144.1M | $103.4M | ||
| Q3 24 | $174.2M | $25.9M | ||
| Q2 24 | $155.4M | $-48.4M | ||
| Q1 24 | $123.8M | $-13.2M |
毛利率ALLECOHR
| Q4 25 | 44.5% | 36.9% | ||
| Q3 25 | 45.8% | 36.6% | ||
| Q2 25 | 45.6% | 35.7% | ||
| Q1 25 | 44.9% | 35.2% | ||
| Q4 24 | 44.1% | 35.5% | ||
| Q3 24 | 44.7% | 34.1% | ||
| Q2 24 | 44.4% | 32.9% | ||
| Q1 24 | 43.8% | 30.3% |
营业利润率ALLECOHR
| Q4 25 | 20.3% | 10.0% | ||
| Q3 25 | 21.8% | 13.7% | ||
| Q2 25 | 21.5% | -4.1% | ||
| Q1 25 | 20.9% | 0.7% | ||
| Q4 24 | 19.5% | 9.0% | ||
| Q3 24 | 22.2% | 1.4% | ||
| Q2 24 | 21.6% | 4.8% | ||
| Q1 24 | 19.3% | 1.8% |
净利率ALLECOHR
| Q4 25 | 14.3% | 8.7% | ||
| Q3 25 | 17.6% | 14.3% | ||
| Q2 25 | 15.6% | -6.3% | ||
| Q1 25 | 15.7% | 1.0% | ||
| Q4 24 | 15.2% | 7.2% | ||
| Q3 24 | 18.0% | 1.9% | ||
| Q2 24 | 16.1% | -3.7% | ||
| Q1 24 | 13.8% | -1.1% |
每股收益（稀释后）ALLECOHR
| Q4 25 | $1.70 | $0.76 | ||
| Q3 25 | $2.18 | $1.19 | ||
| Q2 25 | $1.85 | $-0.81 | ||
| Q1 25 | $1.71 | $-0.11 | ||
| Q4 24 | $1.65 | $0.44 | ||
| Q3 24 | $1.99 | $-0.04 | ||
| Q2 24 | $1.77 | $-0.52 | ||
| Q1 24 | $1.41 | $-0.29 |
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 | $356.2M | $863.7M |
| 总债务越低越好 | $2.0B | $3.4B |
| 股东权益账面价值 | $2.1B | $8.5B |
| 总资产 | $5.2B | $15.1B |
| 负债/权益比越低杠杆越低 | 0.96× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资ALLECOHR
| Q4 25 | $356.2M | $863.7M | ||
| Q3 25 | $302.7M | $852.8M | ||
| Q2 25 | $656.8M | $909.2M | ||
| Q1 25 | $494.5M | $890.3M | ||
| Q4 24 | $503.8M | $917.8M | ||
| Q3 24 | $878.9M | $1.0B | ||
| Q2 24 | $747.5M | $926.0M | ||
| Q1 24 | $391.8M | $898.6M |
总债务ALLECOHR
| Q4 25 | $2.0B | $3.4B | ||
| Q3 25 | $2.1B | $3.3B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.0B | $3.7B | ||
| Q4 24 | $2.0B | $3.9B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $2.4B | $4.1B | ||
| Q1 24 | $2.0B | $4.2B |
股东权益ALLECOHR
| Q4 25 | $2.1B | $8.5B | ||
| Q3 25 | $1.9B | $5.8B | ||
| Q2 25 | $1.8B | $5.6B | ||
| Q1 25 | $1.6B | $5.4B | ||
| Q4 24 | $1.5B | $5.2B | ||
| Q3 24 | $1.6B | $5.5B | ||
| Q2 24 | $1.4B | $5.2B | ||
| Q1 24 | $1.4B | $5.3B |
总资产ALLECOHR
| Q4 25 | $5.2B | $15.1B | ||
| Q3 25 | $5.2B | $14.7B | ||
| Q2 25 | $4.9B | $14.9B | ||
| Q1 25 | $4.6B | $14.4B | ||
| Q4 24 | $4.5B | $14.2B | ||
| Q3 24 | $5.0B | $14.7B | ||
| Q2 24 | $4.8B | $14.5B | ||
| Q1 24 | $4.3B | $14.5B |
负债/权益比ALLECOHR
| Q4 25 | 0.96× | 0.39× | ||
| Q3 25 | 1.07× | 0.57× | ||
| Q2 25 | 1.16× | 0.65× | ||
| Q1 25 | 1.24× | 0.70× | ||
| Q4 24 | 1.33× | 0.75× | ||
| Q3 24 | 1.53× | 0.73× | ||
| Q2 24 | 1.69× | 0.79× | ||
| Q1 24 | 1.49× | 0.78× |
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 | $240.1M | $57.9M |
| 自由现金流经营现金流 - 资本支出 | $200.5M | $-95.7M |
| 自由现金流率自由现金流/营收 | 19.4% | -5.7% |
| 资本支出强度资本支出/营收 | 3.8% | 9.1% |
| 现金转化率经营现金流/净利润 | 1.63× | 0.39× |
| 过去12个月自由现金流最近4个季度 | $685.7M | $-103.6M |
8季度趋势，按日历期对齐
经营现金流ALLECOHR
| Q4 25 | $240.1M | $57.9M | ||
| Q3 25 | $229.5M | $46.0M | ||
| Q2 25 | $209.7M | $130.3M | ||
| Q1 25 | $104.5M | $163.0M | ||
| Q4 24 | $219.0M | $187.4M | ||
| Q3 24 | $231.9M | $153.0M | ||
| Q2 24 | $173.0M | $162.3M | ||
| Q1 24 | $51.1M | $117.4M |
自由现金流ALLECOHR
| Q4 25 | $200.5M | $-95.7M | ||
| Q3 25 | $209.8M | $-58.0M | ||
| Q2 25 | $192.0M | $-1.1M | ||
| Q1 25 | $83.4M | $51.1M | ||
| Q4 24 | $194.9M | $81.7M | ||
| Q3 24 | $212.0M | $61.0M | ||
| Q2 24 | $152.1M | $62.4M | ||
| Q1 24 | $23.9M | $24.2M |
自由现金流率ALLECOHR
| Q4 25 | 19.4% | -5.7% | ||
| Q3 25 | 19.6% | -3.7% | ||
| Q2 25 | 18.8% | -0.1% | ||
| Q1 25 | 8.9% | 3.4% | ||
| Q4 24 | 20.6% | 5.7% | ||
| Q3 24 | 21.9% | 4.5% | ||
| Q2 24 | 15.8% | 4.7% | ||
| Q1 24 | 2.7% | 2.0% |
资本支出强度ALLECOHR
| Q4 25 | 3.8% | 9.1% | ||
| Q3 25 | 1.8% | 6.6% | ||
| Q2 25 | 1.7% | 8.6% | ||
| Q1 25 | 2.2% | 7.5% | ||
| Q4 24 | 2.5% | 7.4% | ||
| Q3 24 | 2.1% | 6.8% | ||
| Q2 24 | 2.2% | 7.6% | ||
| Q1 24 | 3.0% | 7.7% |
现金转化率ALLECOHR
| Q4 25 | 1.63× | 0.39× | ||
| Q3 25 | 1.22× | 0.20× | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 0.71× | 10.37× | ||
| Q4 24 | 1.52× | 1.81× | ||
| Q3 24 | 1.33× | 5.91× | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 0.41× | — |
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
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
COHR
| Datacenter And Communications Segment | $1.2B | 72% |
| Industrial Segment | $477.7M | 28% |
