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AMC Networks Inc.（AMCX）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
朗美通的季度营收约是AMC Networks Inc.的1.1倍（$665.5M vs $594.8M），朗美通净利率更高（11.8% vs -9.3%，领先21.1%），朗美通同比增速更快（65.5% vs -0.8%），朗美通自由现金流更多（$43.1M vs $40.4M），过去两年朗美通的营收复合增速更高（34.8% vs -0.1%）
AMC网络公司是总部位于纽约市的美国独立大众传媒娱乐集团，旗下拥有AMC、BBC美国台、IFC、圣丹斯电视、We TV等多个有线频道，还经营纽约IFC中心艺术影院、独立电影公司、动漫版权发行商，以及AMC+、Acorn TV等多个付费订阅流媒体服务。
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。
AMCX vs LITE — 直观对比
营收规模更大
LITE
是对方的1.1倍
$594.8M
营收增速更快
LITE
高出66.2%
-0.8%
净利率更高
LITE
高出21.1%
-9.3%
自由现金流更多
LITE
多$2.7M
$40.4M
两年增速更快
LITE
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $665.5M |
| 净利润 | $-55.5M | $78.2M |
| 毛利率 | 49.7% | 36.1% |
| 营业利润率 | -8.6% | 9.7% |
| 净利率 | -9.3% | 11.8% |
| 营收同比 | -0.8% | 65.5% |
| 净利润同比 | 80.5% | 228.4% |
| 每股收益（稀释后） | $-0.97 | $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AMCXLITE
| Q4 25 | $594.8M | $665.5M | ||
| Q3 25 | $561.7M | $533.8M | ||
| Q2 25 | $600.0M | $480.7M | ||
| Q1 25 | $555.2M | $425.2M | ||
| Q4 24 | $599.3M | $402.2M | ||
| Q3 24 | $599.6M | $336.9M | ||
| Q2 24 | $625.9M | $308.3M | ||
| Q1 24 | $596.5M | $366.5M |
净利润AMCXLITE
| Q4 25 | $-55.5M | $78.2M | ||
| Q3 25 | $76.5M | $4.2M | ||
| Q2 25 | $50.3M | $213.3M | ||
| Q1 25 | $18.0M | $-44.1M | ||
| Q4 24 | $-284.5M | $-60.9M | ||
| Q3 24 | $41.4M | $-82.4M | ||
| Q2 24 | $-29.2M | $-252.5M | ||
| Q1 24 | $45.8M | $-127.0M |
毛利率AMCXLITE
| Q4 25 | 49.7% | 36.1% | ||
| Q3 25 | 48.2% | 34.0% | ||
| Q2 25 | 52.7% | 33.3% | ||
| Q1 25 | 51.8% | 28.8% | ||
| Q4 24 | 51.2% | 24.8% | ||
| Q3 24 | 52.0% | 23.1% | ||
| Q2 24 | 55.2% | 16.6% | ||
| Q1 24 | 54.5% | 16.2% |
营业利润率AMCXLITE
| Q4 25 | -8.6% | 9.7% | ||
| Q3 25 | 9.9% | 1.3% | ||
| Q2 25 | 10.7% | -1.7% | ||
| Q1 25 | 11.6% | -8.9% | ||
| Q4 24 | -42.4% | -12.8% | ||
| Q3 24 | 15.6% | -24.5% | ||
| Q2 24 | 1.7% | -43.3% | ||
| Q1 24 | 18.5% | -31.3% |
净利率AMCXLITE
| Q4 25 | -9.3% | 11.8% | ||
| Q3 25 | 13.6% | 0.8% | ||
| Q2 25 | 8.4% | 44.4% | ||
| Q1 25 | 3.3% | -10.4% | ||
| Q4 24 | -47.5% | -15.1% | ||
| Q3 24 | 6.9% | -24.5% | ||
| Q2 24 | -4.7% | -81.9% | ||
| Q1 24 | 7.7% | -34.7% |
每股收益（稀释后）AMCXLITE
| Q4 25 | $-0.97 | $0.89 | ||
| Q3 25 | $1.38 | $0.05 | ||
| Q2 25 | $0.91 | $3.10 | ||
| Q1 25 | $0.34 | $-0.64 | ||
| Q4 24 | $-6.23 | $-0.88 | ||
| Q3 24 | $0.76 | $-1.21 | ||
| Q2 24 | $-0.66 | $-3.75 | ||
| Q1 24 | $1.03 | $-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 | $502.4M | $1.2B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $981.9M | $846.6M |
| 总资产 | $3.9B | $4.8B |
| 负债/权益比越低杠杆越低 | 1.78× | — |
8季度趋势，按日历期对齐
现金及短期投资AMCXLITE
| Q4 25 | $502.4M | $1.2B | ||
| Q3 25 | $716.8M | $1.1B | ||
| Q2 25 | $866.4M | $877.1M | ||
| Q1 25 | $870.2M | $866.7M | ||
| Q4 24 | $784.6M | $896.7M | ||
| Q3 24 | $816.4M | $916.1M | ||
| Q2 24 | $802.6M | $887.0M | ||
| Q1 24 | $690.5M | $870.9M |
总债务AMCXLITE
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.3B | — |
股东权益AMCXLITE
| Q4 25 | $981.9M | $846.6M | ||
| Q3 25 | $1.1B | $780.8M | ||
| Q2 25 | $971.7M | $1.1B | ||
| Q1 25 | $888.8M | $879.5M | ||
| Q4 24 | $855.6M | $872.3M | ||
| Q3 24 | $1.1B | $895.9M | ||
| Q2 24 | $1.1B | $957.3M | ||
| Q1 24 | $1.1B | $1.2B |
总资产AMCXLITE
| Q4 25 | $3.9B | $4.8B | ||
| Q3 25 | $4.2B | $4.6B | ||
| Q2 25 | $4.4B | $4.2B | ||
| Q1 25 | $4.3B | $4.0B | ||
| Q4 24 | $4.4B | $4.0B | ||
| Q3 24 | $4.8B | $4.0B | ||
| Q2 24 | $4.9B | $3.9B | ||
| Q1 24 | $4.9B | $4.2B |
负债/权益比AMCXLITE
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.73× | — | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 2.26× | — | ||
| Q1 24 | 2.17× | — |
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 | $49.2M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $43.1M |
| 自由现金流率自由现金流/营收 | 6.8% | 6.5% |
| 资本支出强度资本支出/营收 | 1.5% | 12.6% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | $272.4M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流AMCXLITE
| Q4 25 | $49.2M | $126.7M | ||
| Q3 25 | $44.8M | $57.9M | ||
| Q2 25 | $102.8M | $64.0M | ||
| Q1 25 | $108.8M | $-1.6M | ||
| Q4 24 | $58.1M | $24.3M | ||
| Q3 24 | $62.2M | $39.6M | ||
| Q2 24 | $104.4M | $35.5M | ||
| Q1 24 | $150.9M | $-7.0M |
自由现金流AMCXLITE
| Q4 25 | $40.4M | $43.1M | ||
| Q3 25 | $42.0M | $-18.3M | ||
| Q2 25 | $95.7M | $10.1M | ||
| Q1 25 | $94.2M | $-64.4M | ||
| Q4 24 | $37.6M | $-15.9M | ||
| Q3 24 | $53.9M | $-34.5M | ||
| Q2 24 | $95.2M | $10.9M | ||
| Q1 24 | $144.1M | $-26.6M |
自由现金流率AMCXLITE
| Q4 25 | 6.8% | 6.5% | ||
| Q3 25 | 7.5% | -3.4% | ||
| Q2 25 | 16.0% | 2.1% | ||
| Q1 25 | 17.0% | -15.1% | ||
| Q4 24 | 6.3% | -4.0% | ||
| Q3 24 | 9.0% | -10.2% | ||
| Q2 24 | 15.2% | 3.5% | ||
| Q1 24 | 24.2% | -7.3% |
资本支出强度AMCXLITE
| Q4 25 | 1.5% | 12.6% | ||
| Q3 25 | 0.5% | 14.3% | ||
| Q2 25 | 1.2% | 11.2% | ||
| Q1 25 | 2.6% | 14.8% | ||
| Q4 24 | 3.4% | 10.0% | ||
| Q3 24 | 1.4% | 22.0% | ||
| Q2 24 | 1.5% | 8.0% | ||
| Q1 24 | 1.1% | 5.3% |
现金转化率AMCXLITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | 0.59× | 13.79× | ||
| Q2 25 | 2.04× | 0.30× | ||
| Q1 25 | 6.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.29× | — |
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
AMCX
| Subscription And Circulation | $314.8M | 53% |
| Advertising | $124.9M | 21% |
| Other | $79.1M | 13% |
| License | $74.8M | 13% |
| Related Party | $1.2M | 0% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
