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COMMERCE BANCSHARES INC（CBSH）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COMMERCE BANCSHARES INC的1.4倍（$665.5M vs $475.7M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 11.8%，领先18.0%），朗美通同比增速更快（65.5% vs 11.1%），过去两年朗美通的营收复合增速更高（34.8% vs 7.1%）
Commerce Bancshares, Inc.是总部位于美国密苏里州的区域性银行控股公司，在堪萨斯城和圣路易斯设有核心办公点，旗下Commerce Bank提供多元化金融服务，覆盖企业及个人银行、财富管理、关联公司投资等业务。
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。
CBSH vs LITE — 直观对比
营收规模更大
LITE
是对方的1.4倍
$475.7M
营收增速更快
LITE
高出54.3%
11.1%
净利率更高
CBSH
高出18.0%
11.8%
两年增速更快
LITE
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $665.5M |
| 净利润 | $141.6M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | — | 9.7% |
| 净利率 | 29.8% | 11.8% |
| 营收同比 | 11.1% | 65.5% |
| 净利润同比 | 10.5% | 228.4% |
| 每股收益（稀释后） | $0.96 | $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CBSHLITE
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $665.5M | ||
| Q3 25 | $441.0M | $533.8M | ||
| Q2 25 | $445.8M | $480.7M | ||
| Q1 25 | $428.1M | $425.2M | ||
| Q4 24 | $422.1M | $402.2M | ||
| Q3 24 | $421.4M | $336.9M | ||
| Q2 24 | $414.5M | $308.3M |
净利润CBSHLITE
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $78.2M | ||
| Q3 25 | $141.5M | $4.2M | ||
| Q2 25 | $152.5M | $213.3M | ||
| Q1 25 | $131.6M | $-44.1M | ||
| Q4 24 | $136.1M | $-60.9M | ||
| Q3 24 | $138.0M | $-82.4M | ||
| Q2 24 | $139.6M | $-252.5M |
毛利率CBSHLITE
| Q1 26 | — | — | ||
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 16.6% |
营业利润率CBSHLITE
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 9.7% | ||
| Q3 25 | 41.9% | 1.3% | ||
| Q2 25 | 44.0% | -1.7% | ||
| Q1 25 | 39.2% | -8.9% | ||
| Q4 24 | 41.2% | -12.8% | ||
| Q3 24 | 42.4% | -24.5% | ||
| Q2 24 | 43.4% | -43.3% |
净利率CBSHLITE
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 11.8% | ||
| Q3 25 | 32.1% | 0.8% | ||
| Q2 25 | 34.2% | 44.4% | ||
| Q1 25 | 30.7% | -10.4% | ||
| Q4 24 | 32.2% | -15.1% | ||
| Q3 24 | 32.8% | -24.5% | ||
| Q2 24 | 33.7% | -81.9% |
每股收益（稀释后）CBSHLITE
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.89 | ||
| Q3 25 | $1.06 | $0.05 | ||
| Q2 25 | $1.14 | $3.10 | ||
| Q1 25 | $0.98 | $-0.64 | ||
| Q4 24 | $0.83 | $-0.88 | ||
| Q3 24 | $1.01 | $-1.21 | ||
| Q2 24 | $1.03 | $-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 | $4.3B | $846.6M |
| 总资产 | $35.7B | $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CBSHLITE
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $877.1M | ||
| Q1 25 | — | $866.7M | ||
| Q4 24 | — | $896.7M | ||
| Q3 24 | — | $916.1M | ||
| Q2 24 | — | $887.0M |
股东权益CBSHLITE
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $846.6M | ||
| Q3 25 | $3.8B | $780.8M | ||
| Q2 25 | $3.6B | $1.1B | ||
| Q1 25 | $3.5B | $879.5M | ||
| Q4 24 | $3.3B | $872.3M | ||
| Q3 24 | $3.4B | $895.9M | ||
| Q2 24 | $3.1B | $957.3M |
总资产CBSHLITE
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $4.8B | ||
| Q3 25 | $32.3B | $4.6B | ||
| Q2 25 | $32.3B | $4.2B | ||
| Q1 25 | $32.4B | $4.0B | ||
| Q4 24 | $32.0B | $4.0B | ||
| Q3 24 | $31.5B | $4.0B | ||
| Q2 24 | $30.6B | $3.9B |
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CBSHLITE
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $126.7M | ||
| Q3 25 | $129.0M | $57.9M | ||
| Q2 25 | $111.2M | $64.0M | ||
| Q1 25 | $138.6M | $-1.6M | ||
| Q4 24 | $577.9M | $24.3M | ||
| Q3 24 | $431.7M | $39.6M | ||
| Q2 24 | $147.4M | $35.5M |
自由现金流CBSHLITE
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $43.1M | ||
| Q3 25 | $113.3M | $-18.3M | ||
| Q2 25 | $100.5M | $10.1M | ||
| Q1 25 | $126.0M | $-64.4M | ||
| Q4 24 | $531.7M | $-15.9M | ||
| Q3 24 | $419.1M | $-34.5M | ||
| Q2 24 | $138.9M | $10.9M |
自由现金流率CBSHLITE
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 6.5% | ||
| Q3 25 | 25.7% | -3.4% | ||
| Q2 25 | 22.5% | 2.1% | ||
| Q1 25 | 29.4% | -15.1% | ||
| Q4 24 | 126.0% | -4.0% | ||
| Q3 24 | 99.5% | -10.2% | ||
| Q2 24 | 33.5% | 3.5% |
资本支出强度CBSHLITE
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 12.6% | ||
| Q3 25 | 3.6% | 14.3% | ||
| Q2 25 | 2.4% | 11.2% | ||
| Q1 25 | 2.9% | 14.8% | ||
| Q4 24 | 10.9% | 10.0% | ||
| Q3 24 | 3.0% | 22.0% | ||
| Q2 24 | 2.1% | 8.0% |
现金转化率CBSHLITE
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 1.62× | ||
| Q3 25 | 0.91× | 13.79× | ||
| Q2 25 | 0.73× | 0.30× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | — | ||
| Q2 24 | 1.06× | — |
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
CBSH
暂无分部数据
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
