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AvalonBay Communities（AVB）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
AvalonBay Communities的季度营收约是朗美通的1.2倍（$767.9M vs $665.5M），AvalonBay Communities净利率更高（9040.6% vs 11.8%，领先9028.8%），朗美通同比增速更快（65.5% vs 3.7%），AvalonBay Communities自由现金流更多（$1.4B vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 3.8%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs LITE — 直观对比
营收规模更大
AVB
是对方的1.2倍
$665.5M
营收增速更快
LITE
高出61.8%
3.7%
净利率更高
AVB
高出9028.8%
11.8%
自由现金流更多
AVB
多$1.4B
$43.1M
两年增速更快
LITE
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $665.5M |
| 净利润 | $166.0M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 64.2% | 9.7% |
| 净利率 | 9040.6% | 11.8% |
| 营收同比 | 3.7% | 65.5% |
| 净利润同比 | -41.2% | 228.4% |
| 每股收益（稀释后） | $1.18 | $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AVBLITE
| Q4 25 | $767.9M | $665.5M | ||
| Q3 25 | $766.8M | $533.8M | ||
| Q2 25 | $760.2M | $480.7M | ||
| Q1 25 | $745.9M | $425.2M | ||
| Q4 24 | $740.5M | $402.2M | ||
| Q3 24 | $734.3M | $336.9M | ||
| Q2 24 | $726.0M | $308.3M | ||
| Q1 24 | $712.9M | $366.5M |
净利润AVBLITE
| Q4 25 | $166.0M | $78.2M | ||
| Q3 25 | $381.3M | $4.2M | ||
| Q2 25 | $268.7M | $213.3M | ||
| Q1 25 | $236.6M | $-44.1M | ||
| Q4 24 | $282.1M | $-60.9M | ||
| Q3 24 | $372.5M | $-82.4M | ||
| Q2 24 | $253.9M | $-252.5M | ||
| Q1 24 | $173.4M | $-127.0M |
毛利率AVBLITE
| 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AVBLITE
| Q4 25 | 64.2% | 9.7% | ||
| Q3 25 | 65.7% | 1.3% | ||
| Q2 25 | 67.6% | -1.7% | ||
| Q1 25 | 68.5% | -8.9% | ||
| Q4 24 | 63.1% | -12.8% | ||
| Q3 24 | 65.4% | -24.5% | ||
| Q2 24 | 66.6% | -43.3% | ||
| Q1 24 | 67.2% | -31.3% |
净利率AVBLITE
| Q4 25 | 9040.6% | 11.8% | ||
| Q3 25 | 49.7% | 0.8% | ||
| Q2 25 | 35.3% | 44.4% | ||
| Q1 25 | 31.7% | -10.4% | ||
| Q4 24 | 38.1% | -15.1% | ||
| Q3 24 | 50.7% | -24.5% | ||
| Q2 24 | 35.0% | -81.9% | ||
| Q1 24 | 24.3% | -34.7% |
每股收益（稀释后）AVBLITE
| Q4 25 | $1.18 | $0.89 | ||
| Q3 25 | $2.68 | $0.05 | ||
| Q2 25 | $1.88 | $3.10 | ||
| Q1 25 | $1.66 | $-0.64 | ||
| Q4 24 | $1.99 | $-0.88 | ||
| Q3 24 | $2.61 | $-1.21 | ||
| Q2 24 | $1.78 | $-3.75 | ||
| Q1 24 | $1.22 | $-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 | $187.2M | $1.2B |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $846.6M |
| 总资产 | $22.2B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBLITE
| Q4 25 | $187.2M | $1.2B | ||
| Q3 25 | $123.3M | $1.1B | ||
| Q2 25 | $102.8M | $877.1M | ||
| Q1 25 | $53.3M | $866.7M | ||
| Q4 24 | $108.6M | $896.7M | ||
| Q3 24 | $552.4M | $916.1M | ||
| Q2 24 | $545.8M | $887.0M | ||
| Q1 24 | $287.9M | $870.9M |
总债务AVBLITE
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
股东权益AVBLITE
| Q4 25 | $11.6B | $846.6M | ||
| Q3 25 | $11.9B | $780.8M | ||
| Q2 25 | $11.9B | $1.1B | ||
| Q1 25 | $11.9B | $879.5M | ||
| Q4 24 | $11.9B | $872.3M | ||
| Q3 24 | $11.9B | $895.9M | ||
| Q2 24 | $11.7B | $957.3M | ||
| Q1 24 | $11.7B | $1.2B |
总资产AVBLITE
| Q4 25 | $22.2B | $4.8B | ||
| Q3 25 | $21.9B | $4.6B | ||
| Q2 25 | $21.8B | $4.2B | ||
| Q1 25 | $21.2B | $4.0B | ||
| Q4 24 | $21.0B | $4.0B | ||
| Q3 24 | $21.3B | $4.0B | ||
| Q2 24 | $21.0B | $3.9B | ||
| Q1 24 | $20.6B | $4.2B |
负债/权益比AVBLITE
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | — |
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 | $1.7B | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $43.1M |
| 自由现金流率自由现金流/营收 | 183.5% | 6.5% |
| 资本支出强度资本支出/营收 | 34.1% | 12.6% |
| 现金转化率经营现金流/净利润 | 10.07× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $-29.5M |
8季度趋势，按日历期对齐
经营现金流AVBLITE
| Q4 25 | $1.7B | $126.7M | ||
| Q3 25 | $477.0M | $57.9M | ||
| Q2 25 | $377.8M | $64.0M | ||
| Q1 25 | $415.9M | $-1.6M | ||
| Q4 24 | $1.6B | $24.3M | ||
| Q3 24 | $486.2M | $39.6M | ||
| Q2 24 | $380.0M | $35.5M | ||
| Q1 24 | $412.9M | $-7.0M |
自由现金流AVBLITE
| Q4 25 | $1.4B | $43.1M | ||
| Q3 25 | $402.2M | $-18.3M | ||
| Q2 25 | $317.1M | $10.1M | ||
| Q1 25 | $367.5M | $-64.4M | ||
| Q4 24 | $1.4B | $-15.9M | ||
| Q3 24 | $434.2M | $-34.5M | ||
| Q2 24 | $333.0M | $10.9M | ||
| Q1 24 | $375.4M | $-26.6M |
自由现金流率AVBLITE
| Q4 25 | 183.5% | 6.5% | ||
| Q3 25 | 52.5% | -3.4% | ||
| Q2 25 | 41.7% | 2.1% | ||
| Q1 25 | 49.3% | -15.1% | ||
| Q4 24 | 191.0% | -4.0% | ||
| Q3 24 | 59.1% | -10.2% | ||
| Q2 24 | 45.9% | 3.5% | ||
| Q1 24 | 52.7% | -7.3% |
资本支出强度AVBLITE
| Q4 25 | 34.1% | 12.6% | ||
| Q3 25 | 9.8% | 14.3% | ||
| Q2 25 | 8.0% | 11.2% | ||
| Q1 25 | 6.5% | 14.8% | ||
| Q4 24 | 26.1% | 10.0% | ||
| Q3 24 | 7.1% | 22.0% | ||
| Q2 24 | 6.5% | 8.0% | ||
| Q1 24 | 5.3% | 5.3% |
现金转化率AVBLITE
| Q4 25 | 10.07× | 1.62× | ||
| Q3 25 | 1.25× | 13.79× | ||
| Q2 25 | 1.41× | 0.30× | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | — |
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
AVB
暂无分部数据
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
