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美国运通（AXP）与LIGHTPATH TECHNOLOGIES INC（LPTH）财务数据对比。点击上方公司名可切换其他公司
美国运通的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.2倍（$18.9M vs $16.4M），美国运通净利率更高（15.7% vs -57.5%，领先73.2%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs 11.4%），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs -95.6%）
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
AXP vs LPTH — 直观对比
营收规模更大
AXP
是对方的1.2倍
$16.4M
营收增速更快
LPTH
高出108.8%
11.4%
净利率更高
AXP
高出73.2%
-57.5%
两年增速更快
LPTH
近两年复合增速
-95.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9M | $16.4M |
| 净利润 | $3.0M | $-9.4M |
| 毛利率 | — | 36.8% |
| 营业利润率 | — | -52.6% |
| 净利率 | 15.7% | -57.5% |
| 营收同比 | 11.4% | 120.2% |
| 净利润同比 | 15.0% | -260.1% |
| 每股收益（稀释后） | — | $-0.20 |
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AXPLPTH
| Q1 26 | $18.9M | — | ||
| Q4 25 | $10.9B | $16.4M | ||
| Q3 25 | $10.4B | $15.1M | ||
| Q2 25 | $10.3B | $12.2M | ||
| Q1 25 | $9.6B | $9.2M | ||
| Q4 24 | $10.0B | $7.4M | ||
| Q3 24 | $9.7B | $8.4M | ||
| Q2 24 | $9.8B | $8.6M |
净利润AXPLPTH
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $-9.4M | ||
| Q3 25 | $2.9B | $-2.9M | ||
| Q2 25 | $2.9B | $-7.1M | ||
| Q1 25 | $2.6B | $-3.6M | ||
| Q4 24 | $2.2B | $-2.6M | ||
| Q3 24 | $2.5B | $-1.6M | ||
| Q2 24 | $3.0B | $-2.4M |
毛利率AXPLPTH
| Q1 26 | — | — | ||
| Q4 25 | — | 36.8% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 29.1% | ||
| Q4 24 | — | 26.0% | ||
| Q3 24 | — | 33.9% | ||
| Q2 24 | — | 29.2% |
营业利润率AXPLPTH
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -52.6% | ||
| Q3 25 | 36.7% | -16.6% | ||
| Q2 25 | 34.4% | -38.0% | ||
| Q1 25 | 34.6% | -36.3% | ||
| Q4 24 | 27.7% | -33.5% | ||
| Q3 24 | 33.0% | -16.4% | ||
| Q2 24 | 38.6% | -25.6% |
净利率AXPLPTH
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | -57.5% | ||
| Q3 25 | 27.9% | -19.2% | ||
| Q2 25 | 28.0% | -57.8% | ||
| Q1 25 | 26.8% | -39.1% | ||
| Q4 24 | 21.8% | -35.2% | ||
| Q3 24 | 25.8% | -19.3% | ||
| Q2 24 | 30.7% | -27.3% |
每股收益（稀释后）AXPLPTH
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $-0.20 | ||
| Q3 25 | $4.14 | $-0.07 | ||
| Q2 25 | $4.08 | $0.19 | ||
| Q1 25 | $3.64 | $-0.44 | ||
| Q4 24 | $3.04 | $-0.07 | ||
| Q3 24 | $3.49 | $-0.04 | ||
| Q2 24 | $4.15 | $-0.15 |
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 | — | $73.6M |
| 总债务越低越好 | $60.4M | — |
| 股东权益账面价值 | $34.0M | $77.9M |
| 总资产 | $308.9M | $148.6M |
| 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AXPLPTH
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $73.6M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $197.0M | $4.9M | ||
| Q1 25 | $261.0M | — | ||
| Q4 24 | $221.0M | — | ||
| Q3 24 | $120.0M | — | ||
| Q2 24 | $188.0M | — |
总债务AXPLPTH
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | — | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | — | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | $535.0K |
股东权益AXPLPTH
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $77.9M | ||
| Q3 25 | $32.4B | $21.4M | ||
| Q2 25 | $32.3B | $15.6M | ||
| Q1 25 | $31.2B | $15.7M | ||
| Q4 24 | $30.3B | $26.7M | ||
| Q3 24 | $29.7B | $29.4M | ||
| Q2 24 | $29.5B | $30.2M |
总资产AXPLPTH
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $148.6M | ||
| Q3 25 | $297.6B | $87.3M | ||
| Q2 25 | $295.6B | $81.5M | ||
| Q1 25 | $282.2B | $81.4M | ||
| Q4 24 | $271.5B | $45.8M | ||
| Q3 24 | $271.0B | $48.4M | ||
| Q2 24 | $272.2B | $48.1M |
负债/权益比AXPLPTH
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.74× | 0.02× |
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 | — | $2.8M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-6.3M |
8季度趋势，按日历期对齐
经营现金流AXPLPTH
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $2.8M | ||
| Q3 25 | $6.2B | $-1.1M | ||
| Q2 25 | $4.4B | $-2.6M | ||
| Q1 25 | $4.8B | $-3.2M | ||
| Q4 24 | $5.8B | $-737.4K | ||
| Q3 24 | $-1.8B | $-1.7M | ||
| Q2 24 | $4.5B | $64.7K |
自由现金流AXPLPTH
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $2.0M | ||
| Q3 25 | $5.6B | $-1.2M | ||
| Q2 25 | $3.7B | $-3.3M | ||
| Q1 25 | $4.3B | $-3.7M | ||
| Q4 24 | $5.3B | $-817.8K | ||
| Q3 24 | $-2.3B | $-1.8M | ||
| Q2 24 | $4.0B | $-225.5K |
自由现金流率AXPLPTH
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 12.0% | ||
| Q3 25 | 53.6% | -8.1% | ||
| Q2 25 | 36.3% | -27.3% | ||
| Q1 25 | 45.0% | -40.0% | ||
| Q4 24 | 53.1% | -11.0% | ||
| Q3 24 | -23.3% | -21.2% | ||
| Q2 24 | 40.4% | -2.6% |
资本支出强度AXPLPTH
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 5.3% | ||
| Q3 25 | 6.3% | 0.5% | ||
| Q2 25 | 6.0% | 5.6% | ||
| Q1 25 | 4.5% | 4.6% | ||
| Q4 24 | 5.0% | 1.1% | ||
| Q3 24 | 4.7% | 0.9% | ||
| Q2 24 | 5.8% | 3.4% |
现金转化率AXPLPTH
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | — | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 2.66× | — | ||
| Q3 24 | -0.72× | — | ||
| Q2 24 | 1.50× | — |
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
AXP
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
