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CAL-MAINE FOODS INC（CALM）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
CAL-MAINE FOODS INC的季度营收约是朗美通的1.2倍（$769.5M vs $665.5M），CAL-MAINE FOODS INC净利率更高（13.4% vs 11.8%，领先1.6%），朗美通同比增速更快（65.5% vs -19.4%），CAL-MAINE FOODS INC自由现金流更多（$47.9M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 29.4%）
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
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。
CALM vs LITE — 直观对比
营收规模更大
CALM
是对方的1.2倍
$665.5M
营收增速更快
LITE
高出84.9%
-19.4%
净利率更高
CALM
高出1.6%
11.8%
自由现金流更多
CALM
多$4.8M
$43.1M
两年增速更快
LITE
近两年复合增速
29.4%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $665.5M |
| 净利润 | $102.8M | $78.2M |
| 毛利率 | 27.0% | 36.1% |
| 营业利润率 | 16.1% | 9.7% |
| 净利率 | 13.4% | 11.8% |
| 营收同比 | -19.4% | 65.5% |
| 净利润同比 | -53.1% | 228.4% |
| 每股收益（稀释后） | $2.13 | $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CALMLITE
| Q4 25 | $769.5M | $665.5M | ||
| Q3 25 | $922.6M | $533.8M | ||
| Q2 25 | — | $480.7M | ||
| Q1 25 | $1.4B | $425.2M | ||
| Q4 24 | $954.7M | $402.2M | ||
| Q3 24 | $785.9M | $336.9M | ||
| Q2 24 | — | $308.3M | ||
| Q1 24 | $703.1M | $366.5M |
净利润CALMLITE
| Q4 25 | $102.8M | $78.2M | ||
| Q3 25 | $199.3M | $4.2M | ||
| Q2 25 | — | $213.3M | ||
| Q1 25 | $508.5M | $-44.1M | ||
| Q4 24 | $219.1M | $-60.9M | ||
| Q3 24 | $150.0M | $-82.4M | ||
| Q2 24 | — | $-252.5M | ||
| Q1 24 | $146.7M | $-127.0M |
毛利率CALMLITE
| Q4 25 | 27.0% | 36.1% | ||
| Q3 25 | 33.7% | 34.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | 50.5% | 28.8% | ||
| Q4 24 | 37.3% | 24.8% | ||
| Q3 24 | 31.5% | 23.1% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | 31.1% | 16.2% |
营业利润率CALMLITE
| Q4 25 | 16.1% | 9.7% | ||
| Q3 25 | 27.0% | 1.3% | ||
| Q2 25 | — | -1.7% | ||
| Q1 25 | 44.8% | -8.9% | ||
| Q4 24 | 29.1% | -12.8% | ||
| Q3 24 | 23.8% | -24.5% | ||
| Q2 24 | — | -43.3% | ||
| Q1 24 | 23.2% | -31.3% |
净利率CALMLITE
| Q4 25 | 13.4% | 11.8% | ||
| Q3 25 | 21.6% | 0.8% | ||
| Q2 25 | — | 44.4% | ||
| Q1 25 | 35.9% | -10.4% | ||
| Q4 24 | 22.9% | -15.1% | ||
| Q3 24 | 19.1% | -24.5% | ||
| Q2 24 | — | -81.9% | ||
| Q1 24 | 20.9% | -34.7% |
每股收益（稀释后）CALMLITE
| Q4 25 | $2.13 | $0.89 | ||
| Q3 25 | $4.12 | $0.05 | ||
| Q2 25 | — | $3.10 | ||
| Q1 25 | $10.38 | $-0.64 | ||
| Q4 24 | $4.47 | $-0.88 | ||
| Q3 24 | $3.06 | $-1.21 | ||
| Q2 24 | — | $-3.75 | ||
| Q1 24 | $3.00 | $-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 | $369.4M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $846.6M |
| 总资产 | $3.1B | $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CALMLITE
| Q4 25 | $369.4M | $1.2B | ||
| Q3 25 | $251.9M | $1.1B | ||
| Q2 25 | — | $877.1M | ||
| Q1 25 | $497.2M | $866.7M | ||
| Q4 24 | $140.3M | $896.7M | ||
| Q3 24 | $181.7M | $916.1M | ||
| Q2 24 | — | $887.0M | ||
| Q1 24 | $367.1M | $870.9M |
股东权益CALMLITE
| Q4 25 | $2.7B | $846.6M | ||
| Q3 25 | $2.7B | $780.8M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $2.4B | $879.5M | ||
| Q4 24 | $2.0B | $872.3M | ||
| Q3 24 | $1.9B | $895.9M | ||
| Q2 24 | — | $957.3M | ||
| Q1 24 | $1.7B | $1.2B |
总资产CALMLITE
| Q4 25 | $3.1B | $4.8B | ||
| Q3 25 | $3.2B | $4.6B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | $3.1B | $4.0B | ||
| Q4 24 | $2.5B | $4.0B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | $2.1B | $4.2B |
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 | $94.8M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $43.1M |
| 自由现金流率自由现金流/营收 | 6.2% | 6.5% |
| 资本支出强度资本支出/营收 | 6.1% | 12.6% |
| 现金转化率经营现金流/净利润 | 0.92× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $895.9M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流CALMLITE
| Q4 25 | $94.8M | $126.7M | ||
| Q3 25 | $278.6M | $57.9M | ||
| Q2 25 | — | $64.0M | ||
| Q1 25 | $571.6M | $-1.6M | ||
| Q4 24 | $122.7M | $24.3M | ||
| Q3 24 | $117.5M | $39.6M | ||
| Q2 24 | — | $35.5M | ||
| Q1 24 | $164.0M | $-7.0M |
自由现金流CALMLITE
| Q4 25 | $47.9M | $43.1M | ||
| Q3 25 | $233.3M | $-18.3M | ||
| Q2 25 | — | $10.1M | ||
| Q1 25 | $521.8M | $-64.4M | ||
| Q4 24 | $92.9M | $-15.9M | ||
| Q3 24 | $81.7M | $-34.5M | ||
| Q2 24 | — | $10.9M | ||
| Q1 24 | $133.8M | $-26.6M |
自由现金流率CALMLITE
| Q4 25 | 6.2% | 6.5% | ||
| Q3 25 | 25.3% | -3.4% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | 36.8% | -15.1% | ||
| Q4 24 | 9.7% | -4.0% | ||
| Q3 24 | 10.4% | -10.2% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | 19.0% | -7.3% |
资本支出强度CALMLITE
| Q4 25 | 6.1% | 12.6% | ||
| Q3 25 | 4.9% | 14.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | 3.5% | 14.8% | ||
| Q4 24 | 3.1% | 10.0% | ||
| Q3 24 | 4.6% | 22.0% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | 4.3% | 5.3% |
现金转化率CALMLITE
| Q4 25 | 0.92× | 1.62× | ||
| Q3 25 | 1.40× | 13.79× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.12× | — |
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
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
