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BILL Holdings, Inc.（BILL）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BILL Holdings, Inc.的1.6倍（$665.5M vs $414.7M），朗美通净利率更高（11.8% vs -0.6%，领先12.4%），朗美通同比增速更快（65.5% vs 14.4%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 13.3%）
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
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。
BILL vs LITE — 直观对比
营收规模更大
LITE
是对方的1.6倍
$414.7M
营收增速更快
LITE
高出51.1%
14.4%
净利率更高
LITE
高出12.4%
-0.6%
自由现金流更多
BILL
多$60.7M
$43.1M
两年增速更快
LITE
近两年复合增速
13.3%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $665.5M |
| 净利润 | $-2.6M | $78.2M |
| 毛利率 | 79.8% | 36.1% |
| 营业利润率 | -4.4% | 9.7% |
| 净利率 | -0.6% | 11.8% |
| 营收同比 | 14.4% | 65.5% |
| 净利润同比 | -107.7% | 228.4% |
| 每股收益（稀释后） | $-0.03 | $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BILLLITE
| Q4 25 | $414.7M | $665.5M | ||
| Q3 25 | $395.7M | $533.8M | ||
| Q2 25 | $383.3M | $480.7M | ||
| Q1 25 | $358.2M | $425.2M | ||
| Q4 24 | $362.6M | $402.2M | ||
| Q3 24 | $358.4M | $336.9M | ||
| Q2 24 | $343.7M | $308.3M | ||
| Q1 24 | $323.0M | $366.5M |
净利润BILLLITE
| Q4 25 | $-2.6M | $78.2M | ||
| Q3 25 | $-3.0M | $4.2M | ||
| Q2 25 | $-7.1M | $213.3M | ||
| Q1 25 | $-11.6M | $-44.1M | ||
| Q4 24 | $33.5M | $-60.9M | ||
| Q3 24 | $8.9M | $-82.4M | ||
| Q2 24 | $7.6M | $-252.5M | ||
| Q1 24 | $31.8M | $-127.0M |
毛利率BILLLITE
| Q4 25 | 79.8% | 36.1% | ||
| Q3 25 | 80.5% | 34.0% | ||
| Q2 25 | 80.8% | 33.3% | ||
| Q1 25 | 81.2% | 28.8% | ||
| Q4 24 | 81.6% | 24.8% | ||
| Q3 24 | 82.0% | 23.1% | ||
| Q2 24 | 81.0% | 16.6% | ||
| Q1 24 | 83.0% | 16.2% |
营业利润率BILLLITE
| Q4 25 | -4.4% | 9.7% | ||
| Q3 25 | -5.2% | 1.3% | ||
| Q2 25 | -5.8% | -1.7% | ||
| Q1 25 | -8.1% | -8.9% | ||
| Q4 24 | -6.0% | -12.8% | ||
| Q3 24 | -2.1% | -24.5% | ||
| Q2 24 | -6.5% | -43.3% | ||
| Q1 24 | -8.6% | -31.3% |
净利率BILLLITE
| Q4 25 | -0.6% | 11.8% | ||
| Q3 25 | -0.7% | 0.8% | ||
| Q2 25 | -1.8% | 44.4% | ||
| Q1 25 | -3.2% | -10.4% | ||
| Q4 24 | 9.3% | -15.1% | ||
| Q3 24 | 2.5% | -24.5% | ||
| Q2 24 | 2.2% | -81.9% | ||
| Q1 24 | 9.8% | -34.7% |
每股收益（稀释后）BILLLITE
| Q4 25 | $-0.03 | $0.89 | ||
| Q3 25 | $-0.03 | $0.05 | ||
| Q2 25 | $0.02 | $3.10 | ||
| Q1 25 | $-0.11 | $-0.64 | ||
| Q4 24 | $-0.06 | $-0.88 | ||
| Q3 24 | $0.08 | $-1.21 | ||
| Q2 24 | $0.37 | $-3.75 | ||
| Q1 24 | $0.00 | $-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 | $1.1B | $1.2B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $846.6M |
| 总资产 | $10.1B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资BILLLITE
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.0B | $877.1M | ||
| Q1 25 | $1.0B | $866.7M | ||
| Q4 24 | $1.6B | $896.7M | ||
| Q3 24 | $853.5M | $916.1M | ||
| Q2 24 | $985.9M | $887.0M | ||
| Q1 24 | $952.5M | $870.9M |
总债务BILLLITE
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | — |
股东权益BILLLITE
| Q4 25 | $3.8B | $846.6M | ||
| Q3 25 | $3.9B | $780.8M | ||
| Q2 25 | $3.9B | $1.1B | ||
| Q1 25 | $3.9B | $879.5M | ||
| Q4 24 | $3.8B | $872.3M | ||
| Q3 24 | $4.0B | $895.9M | ||
| Q2 24 | $4.1B | $957.3M | ||
| Q1 24 | $4.1B | $1.2B |
总资产BILLLITE
| Q4 25 | $10.1B | $4.8B | ||
| Q3 25 | $10.2B | $4.6B | ||
| Q2 25 | $10.1B | $4.2B | ||
| Q1 25 | $9.6B | $4.0B | ||
| Q4 24 | $9.7B | $4.0B | ||
| Q3 24 | $9.0B | $4.0B | ||
| Q2 24 | $9.2B | $3.9B | ||
| Q1 24 | $9.1B | $4.2B |
负债/权益比BILLLITE
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.28× | — |
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 | $105.3M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $43.1M |
| 自由现金流率自由现金流/营收 | 25.0% | 6.5% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $378.8M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流BILLLITE
| Q4 25 | $105.3M | $126.7M | ||
| Q3 25 | $96.9M | $57.9M | ||
| Q2 25 | $83.8M | $64.0M | ||
| Q1 25 | $99.5M | $-1.6M | ||
| Q4 24 | $78.7M | $24.3M | ||
| Q3 24 | $88.6M | $39.6M | ||
| Q2 24 | $78.6M | $35.5M | ||
| Q1 24 | $66.8M | $-7.0M |
自由现金流BILLLITE
| Q4 25 | $103.8M | $43.1M | ||
| Q3 25 | $95.6M | $-18.3M | ||
| Q2 25 | $81.0M | $10.1M | ||
| Q1 25 | $98.4M | $-64.4M | ||
| Q4 24 | $78.3M | $-15.9M | ||
| Q3 24 | $88.6M | $-34.5M | ||
| Q2 24 | $78.4M | $10.9M | ||
| Q1 24 | $66.8M | $-26.6M |
自由现金流率BILLLITE
| Q4 25 | 25.0% | 6.5% | ||
| Q3 25 | 24.1% | -3.4% | ||
| Q2 25 | 21.1% | 2.1% | ||
| Q1 25 | 27.5% | -15.1% | ||
| Q4 24 | 21.6% | -4.0% | ||
| Q3 24 | 24.7% | -10.2% | ||
| Q2 24 | 22.8% | 3.5% | ||
| Q1 24 | 20.7% | -7.3% |
资本支出强度BILLLITE
| Q4 25 | 0.4% | 12.6% | ||
| Q3 25 | 0.3% | 14.3% | ||
| Q2 25 | 0.7% | 11.2% | ||
| Q1 25 | 0.3% | 14.8% | ||
| Q4 24 | 0.1% | 10.0% | ||
| Q3 24 | 0.0% | 22.0% | ||
| Q2 24 | 0.1% | 8.0% | ||
| Q1 24 | 0.0% | 5.3% |
现金转化率BILLLITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 2.10× | — |
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
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
