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CASELLA WASTE SYSTEMS INC（CWST）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CASELLA WASTE SYSTEMS INC的1.2倍（$665.5M vs $557.2M），朗美通净利率更高（11.8% vs -1.0%，领先12.7%），朗美通同比增速更快（65.5% vs 9.6%），朗美通自由现金流更多（$43.1M vs $30.7M），过去两年朗美通的营收复合增速更高（34.8% vs 21.5%）
Casella Waste Systems Inc.是总部位于美国佛蒙特州拉特兰的废弃物管理企业，1975年创立时仅靠一辆卡车起步，现为区域型垂直一体化固体废物服务提供商，面向住宅、商业、市政及工业客户提供固废收集处置、中转、回收、有机废弃物处理等专业资源管理服务。
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。
CWST vs LITE — 直观对比
营收规模更大
LITE
是对方的1.2倍
$557.2M
营收增速更快
LITE
高出55.8%
9.6%
净利率更高
LITE
高出12.7%
-1.0%
自由现金流更多
LITE
多$12.4M
$30.7M
两年增速更快
LITE
近两年复合增速
21.5%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $557.2M | $665.5M |
| 净利润 | $-5.5M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 0.9% | 9.7% |
| 净利率 | -1.0% | 11.8% |
| 营收同比 | 9.6% | 65.5% |
| 净利润同比 | -15.2% | 228.4% |
| 每股收益（稀释后） | $-0.09 | $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CWSTLITE
| Q1 26 | $557.2M | — | ||
| Q4 25 | $469.1M | $665.5M | ||
| Q3 25 | $485.4M | $533.8M | ||
| Q2 25 | $465.3M | $480.7M | ||
| Q1 25 | $417.1M | $425.2M | ||
| Q4 24 | $427.5M | $402.2M | ||
| Q3 24 | $411.6M | $336.9M | ||
| Q2 24 | $377.2M | $308.3M |
净利润CWSTLITE
| Q1 26 | $-5.5M | — | ||
| Q4 25 | $-2.5M | $78.2M | ||
| Q3 25 | $10.0M | $4.2M | ||
| Q2 25 | $5.2M | $213.3M | ||
| Q1 25 | $-4.8M | $-44.1M | ||
| Q4 24 | $4.9M | $-60.9M | ||
| Q3 24 | $5.8M | $-82.4M | ||
| Q2 24 | $7.0M | $-252.5M |
毛利率CWSTLITE
| Q1 26 | — | — | ||
| Q4 25 | 33.3% | 36.1% | ||
| Q3 25 | 35.0% | 34.0% | ||
| Q2 25 | 33.8% | 33.3% | ||
| Q1 25 | 32.8% | 28.8% | ||
| Q4 24 | 33.2% | 24.8% | ||
| Q3 24 | 35.1% | 23.1% | ||
| Q2 24 | 35.4% | 16.6% |
营业利润率CWSTLITE
| Q1 26 | 0.9% | — | ||
| Q4 25 | 2.5% | 9.7% | ||
| Q3 25 | 6.1% | 1.3% | ||
| Q2 25 | 4.1% | -1.7% | ||
| Q1 25 | 0.8% | -8.9% | ||
| Q4 24 | 4.3% | -12.8% | ||
| Q3 24 | 5.9% | -24.5% | ||
| Q2 24 | 6.1% | -43.3% |
净利率CWSTLITE
| Q1 26 | -1.0% | — | ||
| Q4 25 | -0.5% | 11.8% | ||
| Q3 25 | 2.1% | 0.8% | ||
| Q2 25 | 1.1% | 44.4% | ||
| Q1 25 | -1.2% | -10.4% | ||
| Q4 24 | 1.1% | -15.1% | ||
| Q3 24 | 1.4% | -24.5% | ||
| Q2 24 | 1.9% | -81.9% |
每股收益（稀释后）CWSTLITE
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $-0.04 | $0.89 | ||
| Q3 25 | $0.16 | $0.05 | ||
| Q2 25 | $0.08 | $3.10 | ||
| Q1 25 | $-0.08 | $-0.64 | ||
| Q4 24 | $0.08 | $-0.88 | ||
| Q3 24 | $0.10 | $-1.21 | ||
| Q2 24 | $0.12 | $-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 | $126.9M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $846.6M |
| 总资产 | $3.3B | $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CWSTLITE
| Q1 26 | $126.9M | — | ||
| Q4 25 | $123.8M | $1.2B | ||
| Q3 25 | $192.7M | $1.1B | ||
| Q2 25 | $217.8M | $877.1M | ||
| Q1 25 | $267.7M | $866.7M | ||
| Q4 24 | $358.3M | $896.7M | ||
| Q3 24 | $519.0M | $916.1M | ||
| Q2 24 | $208.5M | $887.0M |
总债务CWSTLITE
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $976.6M | — |
股东权益CWSTLITE
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $846.6M | ||
| Q3 25 | $1.6B | $780.8M | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.5B | $879.5M | ||
| Q4 24 | $1.6B | $872.3M | ||
| Q3 24 | $1.5B | $895.9M | ||
| Q2 24 | $1.0B | $957.3M |
总资产CWSTLITE
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.3B | $4.8B | ||
| Q3 25 | $3.3B | $4.6B | ||
| Q2 25 | $3.3B | $4.2B | ||
| Q1 25 | $3.2B | $4.0B | ||
| Q4 24 | $3.2B | $4.0B | ||
| Q3 24 | $3.1B | $4.0B | ||
| Q2 24 | $2.5B | $3.9B |
负债/权益比CWSTLITE
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.94× | — |
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 | $62.3M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $30.7M | $43.1M |
| 自由现金流率自由现金流/营收 | 5.5% | 6.5% |
| 资本支出强度资本支出/营收 | 9.0% | 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 | $120.7M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流CWSTLITE
| Q1 26 | $62.3M | — | ||
| Q4 25 | $96.6M | $126.7M | ||
| Q3 25 | $93.6M | $57.9M | ||
| Q2 25 | $89.5M | $64.0M | ||
| Q1 25 | $50.1M | $-1.6M | ||
| Q4 24 | $109.8M | $24.3M | ||
| Q3 24 | $91.8M | $39.6M | ||
| Q2 24 | $72.1M | $35.5M |
自由现金流CWSTLITE
| Q1 26 | $30.7M | — | ||
| Q4 25 | $39.3M | $43.1M | ||
| Q3 25 | $27.6M | $-18.3M | ||
| Q2 25 | $23.1M | $10.1M | ||
| Q1 25 | $-5.4M | $-64.4M | ||
| Q4 24 | $32.9M | $-15.9M | ||
| Q3 24 | $40.4M | $-34.5M | ||
| Q2 24 | $27.5M | $10.9M |
自由现金流率CWSTLITE
| Q1 26 | 5.5% | — | ||
| Q4 25 | 8.4% | 6.5% | ||
| Q3 25 | 5.7% | -3.4% | ||
| Q2 25 | 5.0% | 2.1% | ||
| Q1 25 | -1.3% | -15.1% | ||
| Q4 24 | 7.7% | -4.0% | ||
| Q3 24 | 9.8% | -10.2% | ||
| Q2 24 | 7.3% | 3.5% |
资本支出强度CWSTLITE
| Q1 26 | 9.0% | — | ||
| Q4 25 | 12.2% | 12.6% | ||
| Q3 25 | 13.6% | 14.3% | ||
| Q2 25 | 14.3% | 11.2% | ||
| Q1 25 | 13.3% | 14.8% | ||
| Q4 24 | 18.0% | 10.0% | ||
| Q3 24 | 12.5% | 22.0% | ||
| Q2 24 | 11.8% | 8.0% |
现金转化率CWSTLITE
| Q1 26 | — | — | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | 9.37× | 13.79× | ||
| Q2 25 | 17.19× | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | 22.51× | — | ||
| Q3 24 | 15.91× | — | ||
| Q2 24 | 10.29× | — |
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
CWST
| Collection | $334.8M | 60% |
| Transfer station | $65.9M | 12% |
| Processing (ii) | $49.0M | 9% |
| Landfill | $48.0M | 9% |
| National Accounts (ii) | $45.6M | 8% |
| Transportation | $8.2M | 1% |
| Landfill gas-to-energy | $2.9M | 1% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
