vs
达尔科技（DIOD）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达尔科技的1.7倍（$665.5M vs $391.6M），朗美通净利率更高（11.8% vs 2.6%，领先9.1%），朗美通同比增速更快（65.5% vs 15.4%），朗美通自由现金流更多（$43.1M vs $12.4M），过去两年朗美通的营收复合增速更高（34.8% vs 13.9%）
达尔科技是一家全球性半导体制造商，主营分立器件、模拟及混合信号半导体产品的设计、生产与销售，产品广泛应用于汽车、工业、消费电子、计算及通信基础设施等核心领域，服务全球各地客户。
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。
DIOD vs LITE — 直观对比
营收规模更大
LITE
是对方的1.7倍
$391.6M
营收增速更快
LITE
高出50.1%
15.4%
净利率更高
LITE
高出9.1%
2.6%
自由现金流更多
LITE
多$30.7M
$12.4M
两年增速更快
LITE
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $391.6M | $665.5M |
| 净利润 | $10.2M | $78.2M |
| 毛利率 | 31.1% | 36.1% |
| 营业利润率 | 3.4% | 9.7% |
| 净利率 | 2.6% | 11.8% |
| 营收同比 | 15.4% | 65.5% |
| 净利润同比 | 23.8% | 228.4% |
| 每股收益（稀释后） | $0.23 | $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DIODLITE
| Q4 25 | $391.6M | $665.5M | ||
| Q3 25 | $392.2M | $533.8M | ||
| Q2 25 | $366.2M | $480.7M | ||
| Q1 25 | $332.1M | $425.2M | ||
| Q4 24 | $339.3M | $402.2M | ||
| Q3 24 | $350.1M | $336.9M | ||
| Q2 24 | $319.8M | $308.3M | ||
| Q1 24 | $302.0M | $366.5M |
净利润DIODLITE
| Q4 25 | $10.2M | $78.2M | ||
| Q3 25 | $14.3M | $4.2M | ||
| Q2 25 | $46.1M | $213.3M | ||
| Q1 25 | $-4.4M | $-44.1M | ||
| Q4 24 | $8.2M | $-60.9M | ||
| Q3 24 | $13.7M | $-82.4M | ||
| Q2 24 | $8.0M | $-252.5M | ||
| Q1 24 | $14.0M | $-127.0M |
毛利率DIODLITE
| Q4 25 | 31.1% | 36.1% | ||
| Q3 25 | 30.7% | 34.0% | ||
| Q2 25 | 31.5% | 33.3% | ||
| Q1 25 | 31.5% | 28.8% | ||
| Q4 24 | 32.7% | 24.8% | ||
| Q3 24 | 33.7% | 23.1% | ||
| Q2 24 | 33.6% | 16.6% | ||
| Q1 24 | 33.0% | 16.2% |
营业利润率DIODLITE
| Q4 25 | 3.4% | 9.7% | ||
| Q3 25 | 3.0% | 1.3% | ||
| Q2 25 | 2.6% | -1.7% | ||
| Q1 25 | 0.4% | -8.9% | ||
| Q4 24 | 3.5% | -12.8% | ||
| Q3 24 | 6.2% | -24.5% | ||
| Q2 24 | 1.2% | -43.3% | ||
| Q1 24 | 4.3% | -31.3% |
净利率DIODLITE
| Q4 25 | 2.6% | 11.8% | ||
| Q3 25 | 3.6% | 0.8% | ||
| Q2 25 | 12.6% | 44.4% | ||
| Q1 25 | -1.3% | -10.4% | ||
| Q4 24 | 2.4% | -15.1% | ||
| Q3 24 | 3.9% | -24.5% | ||
| Q2 24 | 2.5% | -81.9% | ||
| Q1 24 | 4.6% | -34.7% |
每股收益（稀释后）DIODLITE
| Q4 25 | $0.23 | $0.89 | ||
| Q3 25 | $0.31 | $0.05 | ||
| Q2 25 | $0.99 | $3.10 | ||
| Q1 25 | $-0.10 | $-0.64 | ||
| Q4 24 | $0.18 | $-0.88 | ||
| Q3 24 | $0.30 | $-1.21 | ||
| Q2 24 | $0.17 | $-3.75 | ||
| Q1 24 | $0.30 | $-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 | $377.0M | $1.2B |
| 总债务越低越好 | $25.7M | — |
| 股东权益账面价值 | $1.9B | $846.6M |
| 总资产 | $2.4B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资DIODLITE
| Q4 25 | $377.0M | $1.2B | ||
| Q3 25 | $386.4M | $1.1B | ||
| Q2 25 | $327.3M | $877.1M | ||
| Q1 25 | $343.9M | $866.7M | ||
| Q4 24 | $316.1M | $896.7M | ||
| Q3 24 | $319.3M | $916.1M | ||
| Q2 24 | $273.9M | $887.0M | ||
| Q1 24 | $276.0M | $870.9M |
总债务DIODLITE
| Q4 25 | $25.7M | — | ||
| Q3 25 | $24.9M | — | ||
| Q2 25 | $26.4M | — | ||
| Q1 25 | $20.5M | — | ||
| Q4 24 | $20.7M | — | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $20.3M | — | ||
| Q1 24 | $20.9M | — |
股东权益DIODLITE
| Q4 25 | $1.9B | $846.6M | ||
| Q3 25 | $1.9B | $780.8M | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.8B | $879.5M | ||
| Q4 24 | $1.8B | $872.3M | ||
| Q3 24 | $1.8B | $895.9M | ||
| Q2 24 | $1.8B | $957.3M | ||
| Q1 24 | $1.7B | $1.2B |
总资产DIODLITE
| Q4 25 | $2.4B | $4.8B | ||
| Q3 25 | $2.5B | $4.6B | ||
| Q2 25 | $2.5B | $4.2B | ||
| Q1 25 | $2.4B | $4.0B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $2.4B | $3.9B | ||
| Q1 24 | $2.4B | $4.2B |
负债/权益比DIODLITE
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 0.01× | — |
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 | $38.1M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $12.4M | $43.1M |
| 自由现金流率自由现金流/营收 | 3.2% | 6.5% |
| 资本支出强度资本支出/营收 | 6.6% | 12.6% |
| 现金转化率经营现金流/净利润 | 3.74× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $137.2M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流DIODLITE
| Q4 25 | $38.1M | $126.7M | ||
| Q3 25 | $79.1M | $57.9M | ||
| Q2 25 | $41.5M | $64.0M | ||
| Q1 25 | $56.7M | $-1.6M | ||
| Q4 24 | $81.8M | $24.3M | ||
| Q3 24 | $54.4M | $39.6M | ||
| Q2 24 | $14.4M | $35.5M | ||
| Q1 24 | $-31.1M | $-7.0M |
自由现金流DIODLITE
| Q4 25 | $12.4M | $43.1M | ||
| Q3 25 | $62.8M | $-18.3M | ||
| Q2 25 | $21.1M | $10.1M | ||
| Q1 25 | $40.8M | $-64.4M | ||
| Q4 24 | $62.1M | $-15.9M | ||
| Q3 24 | $39.4M | $-34.5M | ||
| Q2 24 | $-3.5M | $10.9M | ||
| Q1 24 | $-51.5M | $-26.6M |
自由现金流率DIODLITE
| Q4 25 | 3.2% | 6.5% | ||
| Q3 25 | 16.0% | -3.4% | ||
| Q2 25 | 5.8% | 2.1% | ||
| Q1 25 | 12.3% | -15.1% | ||
| Q4 24 | 18.3% | -4.0% | ||
| Q3 24 | 11.2% | -10.2% | ||
| Q2 24 | -1.1% | 3.5% | ||
| Q1 24 | -17.1% | -7.3% |
资本支出强度DIODLITE
| Q4 25 | 6.6% | 12.6% | ||
| Q3 25 | 4.2% | 14.3% | ||
| Q2 25 | 5.6% | 11.2% | ||
| Q1 25 | 4.8% | 14.8% | ||
| Q4 24 | 5.8% | 10.0% | ||
| Q3 24 | 4.3% | 22.0% | ||
| Q2 24 | 5.6% | 8.0% | ||
| Q1 24 | 6.7% | 5.3% |
现金转化率DIODLITE
| Q4 25 | 3.74× | 1.62× | ||
| Q3 25 | 5.54× | 13.79× | ||
| Q2 25 | 0.90× | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | 9.93× | — | ||
| Q3 24 | 3.95× | — | ||
| Q2 24 | 1.80× | — | ||
| Q1 24 | -2.22× | — |
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
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
