vs
Artisan Partners Asset Management Inc.（APAM）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Artisan Partners Asset Management Inc.的2.0倍（$665.5M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 11.8%，领先23.4%），朗美通同比增速更快（65.5% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 12.7%）
阿蒂森伙伴资产管理公司（Artisan Partners）是总部位于美国威斯康星州密尔沃基的资产管理机构，除美国本土外，还在都柏林、香港、伦敦、新加坡、悉尼设有办公室，为全球客户提供专业的资产管理服务。
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。
APAM vs LITE — 直观对比
营收规模更大
LITE
是对方的2.0倍
$335.5M
营收增速更快
LITE
高出52.5%
12.9%
净利率更高
APAM
高出23.4%
11.8%
自由现金流更多
APAM
多$128.5M
$43.1M
两年增速更快
LITE
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $665.5M |
| 净利润 | $118.1M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 39.2% | 9.7% |
| 净利率 | 35.2% | 11.8% |
| 营收同比 | 12.9% | 65.5% |
| 净利润同比 | 34.9% | 228.4% |
| 每股收益（稀释后） | $1.36 | $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APAMLITE
| Q4 25 | $335.5M | $665.5M | ||
| Q3 25 | $301.3M | $533.8M | ||
| Q2 25 | $282.7M | $480.7M | ||
| Q1 25 | $277.1M | $425.2M | ||
| Q4 24 | $297.1M | $402.2M | ||
| Q3 24 | $279.6M | $336.9M | ||
| Q2 24 | $270.8M | $308.3M | ||
| Q1 24 | $264.4M | $366.5M |
净利润APAMLITE
| Q4 25 | $118.1M | $78.2M | ||
| Q3 25 | $66.8M | $4.2M | ||
| Q2 25 | $67.6M | $213.3M | ||
| Q1 25 | $61.1M | $-44.1M | ||
| Q4 24 | $87.5M | $-60.9M | ||
| Q3 24 | $73.0M | $-82.4M | ||
| Q2 24 | $57.6M | $-252.5M | ||
| Q1 24 | $59.5M | $-127.0M |
毛利率APAMLITE
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 16.2% |
营业利润率APAMLITE
| Q4 25 | 39.2% | 9.7% | ||
| Q3 25 | 33.8% | 1.3% | ||
| Q2 25 | 28.2% | -1.7% | ||
| Q1 25 | 31.2% | -8.9% | ||
| Q4 24 | 36.7% | -12.8% | ||
| Q3 24 | 33.3% | -24.5% | ||
| Q2 24 | 32.0% | -43.3% | ||
| Q1 24 | 29.4% | -31.3% |
净利率APAMLITE
| Q4 25 | 35.2% | 11.8% | ||
| Q3 25 | 22.2% | 0.8% | ||
| Q2 25 | 23.9% | 44.4% | ||
| Q1 25 | 22.1% | -10.4% | ||
| Q4 24 | 29.5% | -15.1% | ||
| Q3 24 | 26.1% | -24.5% | ||
| Q2 24 | 21.3% | -81.9% | ||
| Q1 24 | 22.5% | -34.7% |
每股收益（稀释后）APAMLITE
| Q4 25 | $1.36 | $0.89 | ||
| Q3 25 | $0.93 | $0.05 | ||
| Q2 25 | $0.94 | $3.10 | ||
| Q1 25 | $0.82 | $-0.64 | ||
| Q4 24 | $0.99 | $-0.88 | ||
| Q3 24 | $1.03 | $-1.21 | ||
| Q2 24 | $0.80 | $-3.75 | ||
| Q1 24 | $0.84 | $-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 | — | $1.2B |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $846.6M |
| 总资产 | $1.6B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资APAMLITE
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $877.1M | ||
| Q1 25 | — | $866.7M | ||
| Q4 24 | — | $896.7M | ||
| Q3 24 | — | $916.1M | ||
| Q2 24 | — | $887.0M | ||
| Q1 24 | — | $870.9M |
总债务APAMLITE
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
股东权益APAMLITE
| Q4 25 | $438.8M | $846.6M | ||
| Q3 25 | $402.1M | $780.8M | ||
| Q2 25 | $381.8M | $1.1B | ||
| Q1 25 | $356.5M | $879.5M | ||
| Q4 24 | $388.9M | $872.3M | ||
| Q3 24 | $372.1M | $895.9M | ||
| Q2 24 | $341.2M | $957.3M | ||
| Q1 24 | $320.3M | $1.2B |
总资产APAMLITE
| Q4 25 | $1.6B | $4.8B | ||
| Q3 25 | $1.6B | $4.6B | ||
| Q2 25 | $1.4B | $4.2B | ||
| Q1 25 | $1.4B | $4.0B | ||
| Q4 24 | $1.6B | $4.0B | ||
| Q3 24 | $1.6B | $4.0B | ||
| Q2 24 | $1.5B | $3.9B | ||
| Q1 24 | $1.5B | $4.2B |
负债/权益比APAMLITE
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.62× | — |
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 | $172.0M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $43.1M |
| 自由现金流率自由现金流/营收 | 51.2% | 6.5% |
| 资本支出强度资本支出/营收 | 0.1% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流APAMLITE
| Q4 25 | $172.0M | $126.7M | ||
| Q3 25 | $40.4M | $57.9M | ||
| Q2 25 | $50.9M | $64.0M | ||
| Q1 25 | $157.9M | $-1.6M | ||
| Q4 24 | $372.8M | $24.3M | ||
| Q3 24 | $112.8M | $39.6M | ||
| Q2 24 | $75.9M | $35.5M | ||
| Q1 24 | $147.0M | $-7.0M |
自由现金流APAMLITE
| Q4 25 | $171.6M | $43.1M | ||
| Q3 25 | $40.4M | $-18.3M | ||
| Q2 25 | $50.9M | $10.1M | ||
| Q1 25 | $157.7M | $-64.4M | ||
| Q4 24 | $371.3M | $-15.9M | ||
| Q3 24 | $112.4M | $-34.5M | ||
| Q2 24 | $75.2M | $10.9M | ||
| Q1 24 | $146.9M | $-26.6M |
自由现金流率APAMLITE
| Q4 25 | 51.2% | 6.5% | ||
| Q3 25 | 13.4% | -3.4% | ||
| Q2 25 | 18.0% | 2.1% | ||
| Q1 25 | 56.9% | -15.1% | ||
| Q4 24 | 125.0% | -4.0% | ||
| Q3 24 | 40.2% | -10.2% | ||
| Q2 24 | 27.8% | 3.5% | ||
| Q1 24 | 55.6% | -7.3% |
资本支出强度APAMLITE
| Q4 25 | 0.1% | 12.6% | ||
| Q3 25 | 0.0% | 14.3% | ||
| Q2 25 | 0.0% | 11.2% | ||
| Q1 25 | 0.1% | 14.8% | ||
| Q4 24 | 0.5% | 10.0% | ||
| Q3 24 | 0.1% | 22.0% | ||
| Q2 24 | 0.2% | 8.0% | ||
| Q1 24 | 0.0% | 5.3% |
现金转化率APAMLITE
| Q4 25 | 1.46× | 1.62× | ||
| Q3 25 | 0.60× | 13.79× | ||
| Q2 25 | 0.75× | 0.30× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 2.47× | — |
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
APAM
暂无分部数据
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
