vs
B&G Foods, Inc.（BGS）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B&G Foods, Inc.的1.5倍（$665.5M vs $439.3M），朗美通净利率更高（11.8% vs -4.4%，领先16.1%），朗美通同比增速更快（65.5% vs -4.7%），朗美通自由现金流更多（$43.1M vs $-70.7M），过去两年朗美通的营收复合增速更高（34.8% vs -12.8%）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
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。
BGS vs LITE — 直观对比
营收规模更大
LITE
是对方的1.5倍
$439.3M
营收增速更快
LITE
高出70.2%
-4.7%
净利率更高
LITE
高出16.1%
-4.4%
自由现金流更多
LITE
多$113.8M
$-70.7M
两年增速更快
LITE
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $665.5M |
| 净利润 | $-19.1M | $78.2M |
| 毛利率 | 22.5% | 36.1% |
| 营业利润率 | 2.5% | 9.7% |
| 净利率 | -4.4% | 11.8% |
| 营收同比 | -4.7% | 65.5% |
| 净利润同比 | -356.5% | 228.4% |
| 每股收益（稀释后） | $-0.24 | $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BGSLITE
| Q4 25 | — | $665.5M | ||
| Q3 25 | $439.3M | $533.8M | ||
| Q2 25 | $424.4M | $480.7M | ||
| Q1 25 | $425.4M | $425.2M | ||
| Q4 24 | $551.6M | $402.2M | ||
| Q3 24 | $461.1M | $336.9M | ||
| Q2 24 | $444.6M | $308.3M | ||
| Q1 24 | $475.2M | $366.5M |
净利润BGSLITE
| Q4 25 | — | $78.2M | ||
| Q3 25 | $-19.1M | $4.2M | ||
| Q2 25 | $-9.8M | $213.3M | ||
| Q1 25 | $835.0K | $-44.1M | ||
| Q4 24 | $-222.4M | $-60.9M | ||
| Q3 24 | $7.5M | $-82.4M | ||
| Q2 24 | $3.9M | $-252.5M | ||
| Q1 24 | $-40.2M | $-127.0M |
毛利率BGSLITE
| Q4 25 | — | 36.1% | ||
| Q3 25 | 22.5% | 34.0% | ||
| Q2 25 | 20.5% | 33.3% | ||
| Q1 25 | 21.2% | 28.8% | ||
| Q4 24 | 21.5% | 24.8% | ||
| Q3 24 | 22.2% | 23.1% | ||
| Q2 24 | 20.7% | 16.6% | ||
| Q1 24 | 22.9% | 16.2% |
营业利润率BGSLITE
| Q4 25 | — | 9.7% | ||
| Q3 25 | 2.5% | 1.3% | ||
| Q2 25 | 5.2% | -1.7% | ||
| Q1 25 | 8.4% | -8.9% | ||
| Q4 24 | -46.6% | -12.8% | ||
| Q3 24 | 11.1% | -24.5% | ||
| Q2 24 | 9.9% | -43.3% | ||
| Q1 24 | -3.3% | -31.3% |
净利率BGSLITE
| Q4 25 | — | 11.8% | ||
| Q3 25 | -4.4% | 0.8% | ||
| Q2 25 | -2.3% | 44.4% | ||
| Q1 25 | 0.2% | -10.4% | ||
| Q4 24 | -40.3% | -15.1% | ||
| Q3 24 | 1.6% | -24.5% | ||
| Q2 24 | 0.9% | -81.9% | ||
| Q1 24 | -8.5% | -34.7% |
每股收益（稀释后）BGSLITE
| Q4 25 | — | $0.89 | ||
| Q3 25 | $-0.24 | $0.05 | ||
| Q2 25 | $-0.12 | $3.10 | ||
| Q1 25 | $0.01 | $-0.64 | ||
| Q4 24 | $-2.81 | $-0.88 | ||
| Q3 24 | $0.09 | $-1.21 | ||
| Q2 24 | $0.05 | $-3.75 | ||
| Q1 24 | $-0.51 | $-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 | $60.9M | $1.2B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $470.7M | $846.6M |
| 总资产 | $2.9B | $4.8B |
| 负债/权益比越低杠杆越低 | 4.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BGSLITE
| Q4 25 | — | $1.2B | ||
| Q3 25 | $60.9M | $1.1B | ||
| Q2 25 | $54.1M | $877.1M | ||
| Q1 25 | $61.2M | $866.7M | ||
| Q4 24 | $50.6M | $896.7M | ||
| Q3 24 | $54.7M | $916.1M | ||
| Q2 24 | $40.3M | $887.0M | ||
| Q1 24 | $42.5M | $870.9M |
总债务BGSLITE
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
股东权益BGSLITE
| Q4 25 | — | $846.6M | ||
| Q3 25 | $470.7M | $780.8M | ||
| Q2 25 | $501.4M | $1.1B | ||
| Q1 25 | $513.1M | $879.5M | ||
| Q4 24 | $524.8M | $872.3M | ||
| Q3 24 | $755.3M | $895.9M | ||
| Q2 24 | $765.0M | $957.3M | ||
| Q1 24 | $781.2M | $1.2B |
总资产BGSLITE
| Q4 25 | — | $4.8B | ||
| Q3 25 | $2.9B | $4.6B | ||
| Q2 25 | $2.9B | $4.2B | ||
| Q1 25 | $3.0B | $4.0B | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $3.4B | $4.0B | ||
| Q2 24 | $3.4B | $3.9B | ||
| Q1 24 | $3.4B | $4.2B |
负债/权益比BGSLITE
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — | ||
| Q1 24 | 2.61× | — |
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 | $-64.6M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $43.1M |
| 自由现金流率自由现金流/营收 | -16.1% | 6.5% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $54.8M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流BGSLITE
| Q4 25 | — | $126.7M | ||
| Q3 25 | $-64.6M | $57.9M | ||
| Q2 25 | $17.8M | $64.0M | ||
| Q1 25 | $52.7M | $-1.6M | ||
| Q4 24 | $80.3M | $24.3M | ||
| Q3 24 | $4.2M | $39.6M | ||
| Q2 24 | $11.3M | $35.5M | ||
| Q1 24 | $35.1M | $-7.0M |
自由现金流BGSLITE
| Q4 25 | — | $43.1M | ||
| Q3 25 | $-70.7M | $-18.3M | ||
| Q2 25 | $11.5M | $10.1M | ||
| Q1 25 | $42.4M | $-64.4M | ||
| Q4 24 | $71.7M | $-15.9M | ||
| Q3 24 | $-679.0K | $-34.5M | ||
| Q2 24 | $5.2M | $10.9M | ||
| Q1 24 | $27.5M | $-26.6M |
自由现金流率BGSLITE
| Q4 25 | — | 6.5% | ||
| Q3 25 | -16.1% | -3.4% | ||
| Q2 25 | 2.7% | 2.1% | ||
| Q1 25 | 10.0% | -15.1% | ||
| Q4 24 | 13.0% | -4.0% | ||
| Q3 24 | -0.1% | -10.2% | ||
| Q2 24 | 1.2% | 3.5% | ||
| Q1 24 | 5.8% | -7.3% |
资本支出强度BGSLITE
| Q4 25 | — | 12.6% | ||
| Q3 25 | 1.4% | 14.3% | ||
| Q2 25 | 1.5% | 11.2% | ||
| Q1 25 | 2.4% | 14.8% | ||
| Q4 24 | 1.6% | 10.0% | ||
| Q3 24 | 1.0% | 22.0% | ||
| Q2 24 | 1.4% | 8.0% | ||
| Q1 24 | 1.6% | 5.3% |
现金转化率BGSLITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | — | ||
| Q1 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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
