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Bloom Energy Corp（BE）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
Bloom Energy Corp的季度营收约是朗美通的1.1倍（$751.1M vs $665.5M），朗美通净利率更高（11.8% vs 9.4%，领先2.3%），朗美通同比增速更快（65.5% vs -3.4%），过去两年Bloom Energy Corp的营收复合增速更高（51.7% vs 34.8%）
Bloom Energy Corp是一家能源技术企业，由印裔美国工程师、发明家、企业家KR·斯里达尔创立，他同时担任公司董事长兼首席执行官。斯里达尔此前曾任亚利桑那大学航空航天与机械工程教授、空间技术实验室主任，曾为NASA提供顾问服务，现为美国国家工程院院士。
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。
BE vs LITE — 直观对比
营收规模更大
BE
是对方的1.1倍
$665.5M
营收增速更快
LITE
高出68.9%
-3.4%
净利率更高
LITE
高出2.3%
9.4%
两年增速更快
BE
近两年复合增速
34.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $751.1M | $665.5M |
| 净利润 | $70.7M | $78.2M |
| 毛利率 | 30.0% | 36.1% |
| 营业利润率 | 17.3% | 9.7% |
| 净利率 | 9.4% | 11.8% |
| 营收同比 | -3.4% | 65.5% |
| 净利润同比 | 396.7% | 228.4% |
| 每股收益（稀释后） | $0.44 | $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BELITE
| Q1 26 | $751.1M | — | ||
| Q4 25 | $772.8M | $665.5M | ||
| Q3 25 | $513.3M | $533.8M | ||
| Q2 25 | $396.3M | $480.7M | ||
| Q1 25 | $319.3M | $425.2M | ||
| Q4 24 | $567.0M | $402.2M | ||
| Q3 24 | $321.8M | $336.9M | ||
| Q2 24 | $326.5M | $308.3M |
净利润BELITE
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $78.2M | ||
| Q3 25 | $-23.0M | $4.2M | ||
| Q2 25 | $-42.2M | $213.3M | ||
| Q1 25 | $-23.4M | $-44.1M | ||
| Q4 24 | $105.2M | $-60.9M | ||
| Q3 24 | $-14.6M | $-82.4M | ||
| Q2 24 | $-61.2M | $-252.5M |
毛利率BELITE
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | 36.1% | ||
| Q3 25 | 29.5% | 34.0% | ||
| Q2 25 | 27.0% | 33.3% | ||
| Q1 25 | 27.8% | 28.8% | ||
| Q4 24 | 38.7% | 24.8% | ||
| Q3 24 | 24.5% | 23.1% | ||
| Q2 24 | 21.0% | 16.6% |
营业利润率BELITE
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | 9.7% | ||
| Q3 25 | 1.5% | 1.3% | ||
| Q2 25 | -0.9% | -1.7% | ||
| Q1 25 | -6.0% | -8.9% | ||
| Q4 24 | 18.5% | -12.8% | ||
| Q3 24 | -3.0% | -24.5% | ||
| Q2 24 | -7.1% | -43.3% |
净利率BELITE
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | 11.8% | ||
| Q3 25 | -4.5% | 0.8% | ||
| Q2 25 | -10.6% | 44.4% | ||
| Q1 25 | -7.3% | -10.4% | ||
| Q4 24 | 18.5% | -15.1% | ||
| Q3 24 | -4.5% | -24.5% | ||
| Q2 24 | -18.7% | -81.9% |
每股收益（稀释后）BELITE
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $0.89 | ||
| Q3 25 | $-100.00 | $0.05 | ||
| Q2 25 | $-0.18 | $3.10 | ||
| Q1 25 | $-0.10 | $-0.64 | ||
| Q4 24 | $0.45 | $-0.88 | ||
| Q3 24 | $-0.06 | $-1.21 | ||
| Q2 24 | $-0.27 | $-3.75 |
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 | — | — |
| 股东权益账面价值 | $948.0K | $846.6M |
| 总资产 | $4.7B | $4.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BELITE
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $595.1M | $1.1B | ||
| Q2 25 | $574.8M | $877.1M | ||
| Q1 25 | $794.8M | $866.7M | ||
| Q4 24 | $802.9M | $896.7M | ||
| Q3 24 | $495.7M | $916.1M | ||
| Q2 24 | $581.7M | $887.0M |
总债务BELITE
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
股东权益BELITE
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $846.6M | ||
| Q3 25 | $653.1M | $780.8M | ||
| Q2 25 | $594.6M | $1.1B | ||
| Q1 25 | $578.3M | $879.5M | ||
| Q4 24 | $562.5M | $872.3M | ||
| Q3 24 | $430.9M | $895.9M | ||
| Q2 24 | $423.3M | $957.3M |
总资产BELITE
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $4.8B | ||
| Q3 25 | $2.6B | $4.6B | ||
| Q2 25 | $2.5B | $4.2B | ||
| Q1 25 | $2.6B | $4.0B | ||
| Q4 24 | $2.7B | $4.0B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.5B | $3.9B |
负债/权益比BELITE
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 1.96× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 2.66× | — |
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 | — | $126.7M |
| 自由现金流经营现金流 - 资本支出 | — | $43.1M |
| 自由现金流率自由现金流/营收 | — | 6.5% |
| 资本支出强度资本支出/营收 | — | 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 | — | $-29.5M |
8季度趋势，按日历期对齐
经营现金流BELITE
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $126.7M | ||
| Q3 25 | $19.7M | $57.9M | ||
| Q2 25 | $-213.1M | $64.0M | ||
| Q1 25 | $-110.7M | $-1.6M | ||
| Q4 24 | $484.2M | $24.3M | ||
| Q3 24 | $-69.5M | $39.6M | ||
| Q2 24 | $-175.5M | $35.5M |
自由现金流BELITE
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | $43.1M | ||
| Q3 25 | $7.4M | $-18.3M | ||
| Q2 25 | $-220.4M | $10.1M | ||
| Q1 25 | $-124.9M | $-64.4M | ||
| Q4 24 | $473.1M | $-15.9M | ||
| Q3 24 | $-83.8M | $-34.5M | ||
| Q2 24 | $-187.5M | $10.9M |
自由现金流率BELITE
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | 6.5% | ||
| Q3 25 | 1.4% | -3.4% | ||
| Q2 25 | -55.6% | 2.1% | ||
| Q1 25 | -39.1% | -15.1% | ||
| Q4 24 | 83.4% | -4.0% | ||
| Q3 24 | -26.0% | -10.2% | ||
| Q2 24 | -57.4% | 3.5% |
资本支出强度BELITE
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 12.6% | ||
| Q3 25 | 2.4% | 14.3% | ||
| Q2 25 | 1.8% | 11.2% | ||
| Q1 25 | 4.5% | 14.8% | ||
| Q4 24 | 2.0% | 10.0% | ||
| Q3 24 | 4.4% | 22.0% | ||
| Q2 24 | 3.7% | 8.0% |
现金转化率BELITE
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.60× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
