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DHI GROUP, INC.（DHX）与LIGHTPATH TECHNOLOGIES INC（LPTH）财务数据对比。点击上方公司名可切换其他公司
DHI GROUP, INC.的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.9倍（$31.4M vs $16.4M），DHI GROUP, INC.净利率更高（3.0% vs -57.5%，领先60.6%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs -9.8%），DHI GROUP, INC.自由现金流更多（$5.7M vs $2.0M），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs -6.7%）
DHI集团是总部位于丹麦的国际水环境企业，业务涵盖水环境软件开发与工程咨询，拥有自主水环境建模软件MIKE Powered by DHI，同时为客户提供商业应用、数据门户、运营服务等全链条水环境解决方案。集团目前在全球设有30个分支机构，在新加坡和丹麦都设有研发中心，全球员工约1050名。
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
DHX vs LPTH — 直观对比
营收规模更大
DHX
是对方的1.9倍
$16.4M
营收增速更快
LPTH
高出130.0%
-9.8%
净利率更高
DHX
高出60.6%
-57.5%
自由现金流更多
DHX
多$3.7M
$2.0M
两年增速更快
LPTH
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $31.4M | $16.4M |
| 净利润 | $951.0K | $-9.4M |
| 毛利率 | — | 36.8% |
| 营业利润率 | 10.4% | -52.6% |
| 净利率 | 3.0% | -57.5% |
| 营收同比 | -9.8% | 120.2% |
| 净利润同比 | -6.9% | -260.1% |
| 每股收益（稀释后） | $0.03 | $-0.20 |
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DHXLPTH
| Q4 25 | $31.4M | $16.4M | ||
| Q3 25 | $32.1M | $15.1M | ||
| Q2 25 | $32.0M | $12.2M | ||
| Q1 25 | $32.3M | $9.2M | ||
| Q4 24 | $34.8M | $7.4M | ||
| Q3 24 | $35.3M | $8.4M | ||
| Q2 24 | $35.8M | $8.6M | ||
| Q1 24 | $36.0M | $7.7M |
净利润DHXLPTH
| Q4 25 | $951.0K | $-9.4M | ||
| Q3 25 | $-4.3M | $-2.9M | ||
| Q2 25 | $-841.0K | $-7.1M | ||
| Q1 25 | $-9.4M | $-3.6M | ||
| Q4 24 | $1.0M | $-2.6M | ||
| Q3 24 | $-200.0K | $-1.6M | ||
| Q2 24 | $943.0K | $-2.4M | ||
| Q1 24 | $-1.5M | $-2.6M |
毛利率DHXLPTH
| Q4 25 | — | 36.8% | ||
| Q3 25 | 85.7% | 29.8% | ||
| Q2 25 | 84.0% | 22.0% | ||
| Q1 25 | 83.4% | 29.1% | ||
| Q4 24 | — | 26.0% | ||
| Q3 24 | 85.6% | 33.9% | ||
| Q2 24 | 85.5% | 29.2% | ||
| Q1 24 | 86.5% | 20.9% |
营业利润率DHXLPTH
| Q4 25 | 10.4% | -52.6% | ||
| Q3 25 | -14.0% | -16.6% | ||
| Q2 25 | -3.9% | -38.0% | ||
| Q1 25 | -27.5% | -36.3% | ||
| Q4 24 | 5.0% | -33.5% | ||
| Q3 24 | 1.8% | -16.4% | ||
| Q2 24 | 5.6% | -25.6% | ||
| Q1 24 | 5.5% | -33.6% |
净利率DHXLPTH
| Q4 25 | 3.0% | -57.5% | ||
| Q3 25 | -13.3% | -19.2% | ||
| Q2 25 | -2.6% | -57.8% | ||
| Q1 25 | -28.9% | -39.1% | ||
| Q4 24 | 2.9% | -35.2% | ||
| Q3 24 | -0.6% | -19.3% | ||
| Q2 24 | 2.6% | -27.3% | ||
| Q1 24 | -4.2% | -33.7% |
每股收益（稀释后）DHXLPTH
| Q4 25 | $0.03 | $-0.20 | ||
| Q3 25 | $-0.10 | $-0.07 | ||
| Q2 25 | $-0.02 | $0.19 | ||
| Q1 25 | $-0.21 | $-0.44 | ||
| Q4 24 | $0.02 | $-0.07 | ||
| Q3 24 | $0.00 | $-0.04 | ||
| Q2 24 | $0.02 | $-0.15 | ||
| Q1 24 | $-0.03 | $-0.07 |
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 | $2.9M | $73.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $94.5M | $77.9M |
| 总资产 | $188.2M | $148.6M |
| 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DHXLPTH
| Q4 25 | $2.9M | $73.6M | ||
| Q3 25 | $2.3M | — | ||
| Q2 25 | $2.8M | $4.9M | ||
| Q1 25 | $2.7M | — | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $2.1M | — | ||
| Q2 24 | $3.0M | — | ||
| Q1 24 | $3.2M | — |
总债务DHXLPTH
| Q4 25 | — | — | ||
| Q3 25 | $30.0M | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $33.0M | — | ||
| Q4 24 | $32.0M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $35.0M | $535.0K | ||
| Q1 24 | $41.0M | $599.4K |
股东权益DHXLPTH
| Q4 25 | $94.5M | $77.9M | ||
| Q3 25 | $97.3M | $21.4M | ||
| Q2 25 | $102.5M | $15.6M | ||
| Q1 25 | $103.9M | $15.7M | ||
| Q4 24 | $114.3M | $26.7M | ||
| Q3 24 | $111.3M | $29.4M | ||
| Q2 24 | $109.8M | $30.2M | ||
| Q1 24 | $106.6M | $31.7M |
总资产DHXLPTH
| Q4 25 | $188.2M | $148.6M | ||
| Q3 25 | $192.5M | $87.3M | ||
| Q2 25 | $204.9M | $81.5M | ||
| Q1 25 | $212.1M | $81.4M | ||
| Q4 24 | $221.4M | $45.8M | ||
| Q3 24 | $219.4M | $48.4M | ||
| Q2 24 | $224.4M | $48.1M | ||
| Q1 24 | $231.9M | $49.7M |
负债/权益比DHXLPTH
| Q4 25 | — | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 0.32× | 0.02× | ||
| Q1 24 | 0.38× | 0.02× |
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 | $7.2M | $2.8M |
| 自由现金流经营现金流 - 资本支出 | $5.7M | $2.0M |
| 自由现金流率自由现金流/营收 | 18.1% | 12.0% |
| 资本支出强度资本支出/营收 | 4.9% | 5.3% |
| 现金转化率经营现金流/净利润 | 7.60× | — |
| 过去12个月自由现金流最近4个季度 | $13.8M | $-6.3M |
8季度趋势，按日历期对齐
经营现金流DHXLPTH
| Q4 25 | $7.2M | $2.8M | ||
| Q3 25 | $4.8M | $-1.1M | ||
| Q2 25 | $6.9M | $-2.6M | ||
| Q1 25 | $2.2M | $-3.2M | ||
| Q4 24 | $4.4M | $-737.4K | ||
| Q3 24 | $5.5M | $-1.7M | ||
| Q2 24 | $9.1M | $64.7K | ||
| Q1 24 | $2.1M | $-394.2K |
自由现金流DHXLPTH
| Q4 25 | $5.7M | $2.0M | ||
| Q3 25 | $3.2M | $-1.2M | ||
| Q2 25 | $4.8M | $-3.3M | ||
| Q1 25 | $88.0K | $-3.7M | ||
| Q4 24 | $1.6M | $-817.8K | ||
| Q3 24 | $2.3M | $-1.8M | ||
| Q2 24 | $5.6M | $-225.5K | ||
| Q1 24 | $-2.4M | $-802.5K |
自由现金流率DHXLPTH
| Q4 25 | 18.1% | 12.0% | ||
| Q3 25 | 9.9% | -8.1% | ||
| Q2 25 | 15.1% | -27.3% | ||
| Q1 25 | 0.3% | -40.0% | ||
| Q4 24 | 4.6% | -11.0% | ||
| Q3 24 | 6.5% | -21.2% | ||
| Q2 24 | 15.6% | -2.6% | ||
| Q1 24 | -6.5% | -10.4% |
资本支出强度DHXLPTH
| Q4 25 | 4.9% | 5.3% | ||
| Q3 25 | 5.0% | 0.5% | ||
| Q2 25 | 6.3% | 5.6% | ||
| Q1 25 | 6.7% | 4.6% | ||
| Q4 24 | 8.0% | 1.1% | ||
| Q3 24 | 9.2% | 0.9% | ||
| Q2 24 | 9.7% | 3.4% | ||
| Q1 24 | 12.3% | 5.3% |
现金转化率DHXLPTH
| Q4 25 | 7.60× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.27× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.61× | — | ||
| Q1 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
DHX
| Clearance Jobs | $17.4M | 56% |
| Clearance Jobs Segment | $13.9M | 44% |
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
