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AMERICOLD REALTY TRUST（COLD）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AMERICOLD REALTY TRUST的1.0倍（$665.5M vs $643.1M），朗美通净利率更高（11.8% vs -13.7%，领先25.5%），朗美通同比增速更快（65.5% vs -0.7%），朗美通自由现金流更多（$43.1M vs $-12.2M），过去两年朗美通的营收复合增速更高（34.8% vs -0.6%）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
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。
COLD vs LITE — 直观对比
营收规模更大
LITE
是对方的1.0倍
$643.1M
营收增速更快
LITE
高出66.1%
-0.7%
净利率更高
LITE
高出25.5%
-13.7%
自由现金流更多
LITE
多$55.3M
$-12.2M
两年增速更快
LITE
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $665.5M |
| 净利润 | $-88.3M | $78.2M |
| 毛利率 | 31.3% | 36.1% |
| 营业利润率 | -10.8% | 9.7% |
| 净利率 | -13.7% | 11.8% |
| 营收同比 | -0.7% | 65.5% |
| 净利润同比 | -143.9% | 228.4% |
| 每股收益（稀释后） | $-0.31 | $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COLDLITE
| Q4 25 | $643.1M | $665.5M | ||
| Q3 25 | $649.0M | $533.8M | ||
| Q2 25 | $635.1M | $480.7M | ||
| Q1 25 | $613.7M | $425.2M | ||
| Q4 24 | $647.4M | $402.2M | ||
| Q3 24 | $660.4M | $336.9M | ||
| Q2 24 | $645.6M | $308.3M | ||
| Q1 24 | $651.4M | $366.5M |
净利润COLDLITE
| Q4 25 | $-88.3M | $78.2M | ||
| Q3 25 | $-11.4M | $4.2M | ||
| Q2 25 | $1.5M | $213.3M | ||
| Q1 25 | $-16.4M | $-44.1M | ||
| Q4 24 | $-36.2M | $-60.9M | ||
| Q3 24 | $-3.7M | $-82.4M | ||
| Q2 24 | $-64.1M | $-252.5M | ||
| Q1 24 | $9.7M | $-127.0M |
毛利率COLDLITE
| Q4 25 | 31.3% | 36.1% | ||
| Q3 25 | 29.3% | 34.0% | ||
| Q2 25 | 30.9% | 33.3% | ||
| Q1 25 | 31.1% | 28.8% | ||
| Q4 24 | 29.7% | 24.8% | ||
| Q3 24 | 29.6% | 23.1% | ||
| Q2 24 | 31.0% | 16.6% | ||
| Q1 24 | 30.3% | 16.2% |
营业利润率COLDLITE
| Q4 25 | -10.8% | 9.7% | ||
| Q3 25 | 2.6% | 1.3% | ||
| Q2 25 | 5.9% | -1.7% | ||
| Q1 25 | 3.6% | -8.9% | ||
| Q4 24 | -1.8% | -12.8% | ||
| Q3 24 | 4.6% | -24.5% | ||
| Q2 24 | 9.8% | -43.3% | ||
| Q1 24 | 6.4% | -31.3% |
净利率COLDLITE
| Q4 25 | -13.7% | 11.8% | ||
| Q3 25 | -1.8% | 0.8% | ||
| Q2 25 | 0.2% | 44.4% | ||
| Q1 25 | -2.7% | -10.4% | ||
| Q4 24 | -5.6% | -15.1% | ||
| Q3 24 | -0.6% | -24.5% | ||
| Q2 24 | -9.9% | -81.9% | ||
| Q1 24 | 1.5% | -34.7% |
每股收益（稀释后）COLDLITE
| Q4 25 | $-0.31 | $0.89 | ||
| Q3 25 | $-0.04 | $0.05 | ||
| Q2 25 | $0.01 | $3.10 | ||
| Q1 25 | $-0.06 | $-0.64 | ||
| Q4 24 | $-0.12 | $-0.88 | ||
| Q3 24 | $-0.01 | $-1.21 | ||
| Q2 24 | $-0.23 | $-3.75 | ||
| Q1 24 | $0.03 | $-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 | $136.9M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $846.6M |
| 总资产 | $8.1B | $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COLDLITE
| Q4 25 | $136.9M | $1.2B | ||
| Q3 25 | $33.3M | $1.1B | ||
| Q2 25 | $101.4M | $877.1M | ||
| Q1 25 | $38.9M | $866.7M | ||
| Q4 24 | $47.7M | $896.7M | ||
| Q3 24 | $61.3M | $916.1M | ||
| Q2 24 | $44.2M | $887.0M | ||
| Q1 24 | $59.2M | $870.9M |
股东权益COLDLITE
| Q4 25 | $2.9B | $846.6M | ||
| Q3 25 | $3.0B | $780.8M | ||
| Q2 25 | $3.1B | $1.1B | ||
| Q1 25 | $3.2B | $879.5M | ||
| Q4 24 | $3.3B | $872.3M | ||
| Q3 24 | $3.4B | $895.9M | ||
| Q2 24 | $3.4B | $957.3M | ||
| Q1 24 | $3.6B | $1.2B |
总资产COLDLITE
| Q4 25 | $8.1B | $4.8B | ||
| Q3 25 | $8.1B | $4.6B | ||
| Q2 25 | $8.1B | $4.2B | ||
| Q1 25 | $7.8B | $4.0B | ||
| Q4 24 | $7.7B | $4.0B | ||
| Q3 24 | $7.9B | $4.0B | ||
| Q2 24 | $7.8B | $3.9B | ||
| Q1 24 | $7.8B | $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 | $130.2M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $43.1M |
| 自由现金流率自由现金流/营收 | -1.9% | 6.5% |
| 资本支出强度资本支出/营收 | 22.1% | 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 | $-217.2M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流COLDLITE
| Q4 25 | $130.2M | $126.7M | ||
| Q3 25 | $78.9M | $57.9M | ||
| Q2 25 | $120.3M | $64.0M | ||
| Q1 25 | $30.2M | $-1.6M | ||
| Q4 24 | $162.6M | $24.3M | ||
| Q3 24 | $50.6M | $39.6M | ||
| Q2 24 | $136.7M | $35.5M | ||
| Q1 24 | $62.0M | $-7.0M |
自由现金流COLDLITE
| Q4 25 | $-12.2M | $43.1M | ||
| Q3 25 | $-65.4M | $-18.3M | ||
| Q2 25 | $-57.4M | $10.1M | ||
| Q1 25 | $-82.3M | $-64.4M | ||
| Q4 24 | $57.4M | $-15.9M | ||
| Q3 24 | $-44.5M | $-34.5M | ||
| Q2 24 | $73.3M | $10.9M | ||
| Q1 24 | $16.2M | $-26.6M |
自由现金流率COLDLITE
| Q4 25 | -1.9% | 6.5% | ||
| Q3 25 | -10.1% | -3.4% | ||
| Q2 25 | -9.0% | 2.1% | ||
| Q1 25 | -13.4% | -15.1% | ||
| Q4 24 | 8.9% | -4.0% | ||
| Q3 24 | -6.7% | -10.2% | ||
| Q2 24 | 11.4% | 3.5% | ||
| Q1 24 | 2.5% | -7.3% |
资本支出强度COLDLITE
| Q4 25 | 22.1% | 12.6% | ||
| Q3 25 | 22.2% | 14.3% | ||
| Q2 25 | 28.0% | 11.2% | ||
| Q1 25 | 18.3% | 14.8% | ||
| Q4 24 | 16.3% | 10.0% | ||
| Q3 24 | 14.4% | 22.0% | ||
| Q2 24 | 9.8% | 8.0% | ||
| Q1 24 | 7.0% | 5.3% |
现金转化率COLDLITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | 78.18× | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.36× | — |
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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
