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科睿唯安（CLVT）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科睿唯安的1.1倍（$665.5M vs $585.5M），朗美通净利率更高（11.8% vs -6.9%，领先18.6%），朗美通同比增速更快（65.5% vs -1.4%），科睿唯安自由现金流更多（$78.9M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs -5.1%）
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
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。
CLVT vs LITE — 直观对比
营收规模更大
LITE
是对方的1.1倍
$585.5M
营收增速更快
LITE
高出66.8%
-1.4%
净利率更高
LITE
高出18.6%
-6.9%
自由现金流更多
CLVT
多$35.8M
$43.1M
两年增速更快
LITE
近两年复合增速
-5.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $585.5M | $665.5M |
| 净利润 | $-40.2M | $78.2M |
| 毛利率 | 67.2% | 36.1% |
| 营业利润率 | 5.2% | 9.7% |
| 净利率 | -6.9% | 11.8% |
| 营收同比 | -1.4% | 65.5% |
| 净利润同比 | 61.3% | 228.4% |
| 每股收益（稀释后） | $-0.06 | $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CLVTLITE
| Q1 26 | $585.5M | — | ||
| Q4 25 | $617.0M | $665.5M | ||
| Q3 25 | $623.1M | $533.8M | ||
| Q2 25 | $621.4M | $480.7M | ||
| Q1 25 | $593.7M | $425.2M | ||
| Q4 24 | $663.0M | $402.2M | ||
| Q3 24 | $622.2M | $336.9M | ||
| Q2 24 | $650.3M | $308.3M |
净利润CLVTLITE
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $3.1M | $78.2M | ||
| Q3 25 | $-28.3M | $4.2M | ||
| Q2 25 | $-72.0M | $213.3M | ||
| Q1 25 | $-103.9M | $-44.1M | ||
| Q4 24 | $-191.8M | $-60.9M | ||
| Q3 24 | $-65.6M | $-82.4M | ||
| Q2 24 | $-304.3M | $-252.5M |
毛利率CLVTLITE
| Q1 26 | 67.2% | — | ||
| Q4 25 | 66.8% | 36.1% | ||
| Q3 25 | 65.0% | 34.0% | ||
| Q2 25 | 67.2% | 33.3% | ||
| Q1 25 | 65.1% | 28.8% | ||
| Q4 24 | 65.7% | 24.8% | ||
| Q3 24 | 66.2% | 23.1% | ||
| Q2 24 | 67.2% | 16.6% |
营业利润率CLVTLITE
| Q1 26 | 5.2% | — | ||
| Q4 25 | 6.7% | 9.7% | ||
| Q3 25 | 7.1% | 1.3% | ||
| Q2 25 | 1.1% | -1.7% | ||
| Q1 25 | -3.5% | -8.9% | ||
| Q4 24 | -9.4% | -12.8% | ||
| Q3 24 | 3.5% | -24.5% | ||
| Q2 24 | -36.9% | -43.3% |
净利率CLVTLITE
| Q1 26 | -6.9% | — | ||
| Q4 25 | 0.5% | 11.8% | ||
| Q3 25 | -4.5% | 0.8% | ||
| Q2 25 | -11.6% | 44.4% | ||
| Q1 25 | -17.5% | -10.4% | ||
| Q4 24 | -28.9% | -15.1% | ||
| Q3 24 | -10.5% | -24.5% | ||
| Q2 24 | -46.8% | -81.9% |
每股收益（稀释后）CLVTLITE
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.00 | $0.89 | ||
| Q3 25 | $-0.04 | $0.05 | ||
| Q2 25 | $-0.11 | $3.10 | ||
| Q1 25 | $-0.15 | $-0.64 | ||
| Q4 24 | $-0.27 | $-0.88 | ||
| Q3 24 | $-0.09 | $-1.21 | ||
| Q2 24 | $-0.46 | $-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 | $4.3B | — |
| 股东权益账面价值 | $4.8B | $846.6M |
| 总资产 | $10.9B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.89× | — |
8季度趋势，按日历期对齐
现金及短期投资CLVTLITE
| Q1 26 | — | — | ||
| Q4 25 | $329.2M | $1.2B | ||
| Q3 25 | $318.7M | $1.1B | ||
| Q2 25 | $362.6M | $877.1M | ||
| Q1 25 | $354.0M | $866.7M | ||
| Q4 24 | $295.2M | $896.7M | ||
| Q3 24 | $388.5M | $916.1M | ||
| Q2 24 | $376.4M | $887.0M |
总债务CLVTLITE
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.6B | — |
股东权益CLVTLITE
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.8B | $846.6M | ||
| Q3 25 | $4.9B | $780.8M | ||
| Q2 25 | $5.0B | $1.1B | ||
| Q1 25 | $5.0B | $879.5M | ||
| Q4 24 | $5.1B | $872.3M | ||
| Q3 24 | $5.5B | $895.9M | ||
| Q2 24 | $5.6B | $957.3M |
总资产CLVTLITE
| Q1 26 | $10.9B | — | ||
| Q4 25 | $11.1B | $4.8B | ||
| Q3 25 | $11.2B | $4.6B | ||
| Q2 25 | $11.4B | $4.2B | ||
| Q1 25 | $11.5B | $4.0B | ||
| Q4 24 | $11.5B | $4.0B | ||
| Q3 24 | $12.0B | $4.0B | ||
| Q2 24 | $12.1B | $3.9B |
负债/权益比CLVTLITE
| Q1 26 | 0.89× | — | ||
| Q4 25 | 0.89× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.84× | — | ||
| Q2 24 | 0.83× | — |
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 | $134.7M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $78.9M | $43.1M |
| 自由现金流率自由现金流/营收 | 13.5% | 6.5% |
| 资本支出强度资本支出/营收 | 9.5% | 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 | $333.9M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流CLVTLITE
| Q1 26 | $134.7M | — | ||
| Q4 25 | $159.9M | $126.7M | ||
| Q3 25 | $181.1M | $57.9M | ||
| Q2 25 | $116.3M | $64.0M | ||
| Q1 25 | $171.2M | $-1.6M | ||
| Q4 24 | $141.3M | $24.3M | ||
| Q3 24 | $202.9M | $39.6M | ||
| Q2 24 | $126.2M | $35.5M |
自由现金流CLVTLITE
| Q1 26 | $78.9M | — | ||
| Q4 25 | $89.2M | $43.1M | ||
| Q3 25 | $115.5M | $-18.3M | ||
| Q2 25 | $50.3M | $10.1M | ||
| Q1 25 | $110.3M | $-64.4M | ||
| Q4 24 | $59.1M | $-15.9M | ||
| Q3 24 | $126.3M | $-34.5M | ||
| Q2 24 | $60.3M | $10.9M |
自由现金流率CLVTLITE
| Q1 26 | 13.5% | — | ||
| Q4 25 | 14.5% | 6.5% | ||
| Q3 25 | 18.5% | -3.4% | ||
| Q2 25 | 8.1% | 2.1% | ||
| Q1 25 | 18.6% | -15.1% | ||
| Q4 24 | 8.9% | -4.0% | ||
| Q3 24 | 20.3% | -10.2% | ||
| Q2 24 | 9.3% | 3.5% |
资本支出强度CLVTLITE
| Q1 26 | 9.5% | — | ||
| Q4 25 | 11.5% | 12.6% | ||
| Q3 25 | 10.5% | 14.3% | ||
| Q2 25 | 10.6% | 11.2% | ||
| Q1 25 | 10.3% | 14.8% | ||
| Q4 24 | 12.4% | 10.0% | ||
| Q3 24 | 12.3% | 22.0% | ||
| Q2 24 | 10.1% | 8.0% |
现金转化率CLVTLITE
| Q1 26 | — | — | ||
| Q4 25 | 51.58× | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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
CLVT
| Subscription | $397.5M | 68% |
| Re-occurring | $108.6M | 19% |
| Transactional | $79.4M | 14% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
