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Dynatrace, Inc.（DT）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Dynatrace, Inc.的1.3倍（$665.5M vs $515.5M），朗美通净利率更高（11.8% vs 7.8%，领先4.0%），朗美通同比增速更快（65.5% vs 18.2%），朗美通自由现金流更多（$43.1M vs $27.2M），过去两年朗美通的营收复合增速更高（34.8% vs 16.3%）
Dynatrace是总部位于美国的跨国科技企业，主打AI驱动的可观测性平台，旗下软件可用于应用性能监控分析、软件开发流程优化、网络安全防护、IT基础设施运维及用户体验提升等场景，为各行业客户的数字化运营提供有力技术支撑。
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。
DT vs LITE — 直观对比
营收规模更大
LITE
是对方的1.3倍
$515.5M
营收增速更快
LITE
高出47.3%
18.2%
净利率更高
LITE
高出4.0%
7.8%
自由现金流更多
LITE
多$15.9M
$27.2M
两年增速更快
LITE
近两年复合增速
16.3%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $515.5M | $665.5M |
| 净利润 | $40.1M | $78.2M |
| 毛利率 | 81.4% | 36.1% |
| 营业利润率 | 14.1% | 9.7% |
| 净利率 | 7.8% | 11.8% |
| 营收同比 | 18.2% | 65.5% |
| 净利润同比 | -88.9% | 228.4% |
| 每股收益（稀释后） | $0.13 | $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DTLITE
| Q4 25 | $515.5M | $665.5M | ||
| Q3 25 | $493.8M | $533.8M | ||
| Q2 25 | $477.3M | $480.7M | ||
| Q1 25 | $445.2M | $425.2M | ||
| Q4 24 | $436.2M | $402.2M | ||
| Q3 24 | $418.1M | $336.9M | ||
| Q2 24 | $399.2M | $308.3M | ||
| Q1 24 | $380.8M | $366.5M |
净利润DTLITE
| Q4 25 | $40.1M | $78.2M | ||
| Q3 25 | $57.2M | $4.2M | ||
| Q2 25 | $48.0M | $213.3M | ||
| Q1 25 | $39.3M | $-44.1M | ||
| Q4 24 | $361.8M | $-60.9M | ||
| Q3 24 | $44.0M | $-82.4M | ||
| Q2 24 | $38.6M | $-252.5M | ||
| Q1 24 | $37.9M | $-127.0M |
毛利率DTLITE
| Q4 25 | 81.4% | 36.1% | ||
| Q3 25 | 81.8% | 34.0% | ||
| Q2 25 | 82.1% | 33.3% | ||
| Q1 25 | 80.9% | 28.8% | ||
| Q4 24 | 81.1% | 24.8% | ||
| Q3 24 | 81.4% | 23.1% | ||
| Q2 24 | 81.3% | 16.6% | ||
| Q1 24 | 81.1% | 16.2% |
营业利润率DTLITE
| Q4 25 | 14.1% | 9.7% | ||
| Q3 25 | 14.8% | 1.3% | ||
| Q2 25 | 13.1% | -1.7% | ||
| Q1 25 | 9.6% | -8.9% | ||
| Q4 24 | 10.9% | -12.8% | ||
| Q3 24 | 11.2% | -24.5% | ||
| Q2 24 | 10.5% | -43.3% | ||
| Q1 24 | 6.1% | -31.3% |
净利率DTLITE
| Q4 25 | 7.8% | 11.8% | ||
| Q3 25 | 11.6% | 0.8% | ||
| Q2 25 | 10.0% | 44.4% | ||
| Q1 25 | 8.8% | -10.4% | ||
| Q4 24 | 82.9% | -15.1% | ||
| Q3 24 | 10.5% | -24.5% | ||
| Q2 24 | 9.7% | -81.9% | ||
| Q1 24 | 10.0% | -34.7% |
每股收益（稀释后）DTLITE
| Q4 25 | $0.13 | $0.89 | ||
| Q3 25 | $0.19 | $0.05 | ||
| Q2 25 | $0.16 | $3.10 | ||
| Q1 25 | $0.12 | $-0.64 | ||
| Q4 24 | $1.19 | $-0.88 | ||
| Q3 24 | $0.15 | $-1.21 | ||
| Q2 24 | $0.13 | $-3.75 | ||
| Q1 24 | $0.13 | $-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 | $1.2B | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $846.6M |
| 总资产 | $4.1B | $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DTLITE
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $877.1M | ||
| Q1 25 | $1.1B | $866.7M | ||
| Q4 24 | $1.0B | $896.7M | ||
| Q3 24 | $1.0B | $916.1M | ||
| Q2 24 | $1.0B | $887.0M | ||
| Q1 24 | $836.9M | $870.9M |
股东权益DTLITE
| Q4 25 | $2.7B | $846.6M | ||
| Q3 25 | $2.8B | $780.8M | ||
| Q2 25 | $2.7B | $1.1B | ||
| Q1 25 | $2.6B | $879.5M | ||
| Q4 24 | $2.6B | $872.3M | ||
| Q3 24 | $2.1B | $895.9M | ||
| Q2 24 | $2.1B | $957.3M | ||
| Q1 24 | $2.0B | $1.2B |
总资产DTLITE
| Q4 25 | $4.1B | $4.8B | ||
| Q3 25 | $4.1B | $4.6B | ||
| Q2 25 | $4.1B | $4.2B | ||
| Q1 25 | $4.1B | $4.0B | ||
| Q4 24 | $3.7B | $4.0B | ||
| Q3 24 | $3.3B | $4.0B | ||
| Q2 24 | $3.3B | $3.9B | ||
| Q1 24 | $3.4B | $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 | $33.8M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $27.2M | $43.1M |
| 自由现金流率自由现金流/营收 | 5.3% | 6.5% |
| 资本支出强度资本支出/营收 | 1.3% | 12.6% |
| 现金转化率经营现金流/净利润 | 0.84× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $465.5M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流DTLITE
| Q4 25 | $33.8M | $126.7M | ||
| Q3 25 | $32.0M | $57.9M | ||
| Q2 25 | $269.7M | $64.0M | ||
| Q1 25 | $162.8M | $-1.6M | ||
| Q4 24 | $42.2M | $24.3M | ||
| Q3 24 | $23.6M | $39.6M | ||
| Q2 24 | $230.7M | $35.5M | ||
| Q1 24 | $131.7M | $-7.0M |
自由现金流DTLITE
| Q4 25 | $27.2M | $43.1M | ||
| Q3 25 | $27.8M | $-18.3M | ||
| Q2 25 | $262.2M | $10.1M | ||
| Q1 25 | $148.2M | $-64.4M | ||
| Q4 24 | $37.6M | $-15.9M | ||
| Q3 24 | $20.1M | $-34.5M | ||
| Q2 24 | $227.4M | $10.9M | ||
| Q1 24 | $121.9M | $-26.6M |
自由现金流率DTLITE
| Q4 25 | 5.3% | 6.5% | ||
| Q3 25 | 5.6% | -3.4% | ||
| Q2 25 | 54.9% | 2.1% | ||
| Q1 25 | 33.3% | -15.1% | ||
| Q4 24 | 8.6% | -4.0% | ||
| Q3 24 | 4.8% | -10.2% | ||
| Q2 24 | 57.0% | 3.5% | ||
| Q1 24 | 32.0% | -7.3% |
资本支出强度DTLITE
| Q4 25 | 1.3% | 12.6% | ||
| Q3 25 | 0.8% | 14.3% | ||
| Q2 25 | 1.6% | 11.2% | ||
| Q1 25 | 3.3% | 14.8% | ||
| Q4 24 | 1.1% | 10.0% | ||
| Q3 24 | 0.8% | 22.0% | ||
| Q2 24 | 0.8% | 8.0% | ||
| Q1 24 | 2.6% | 5.3% |
现金转化率DTLITE
| Q4 25 | 0.84× | 1.62× | ||
| Q3 25 | 0.56× | 13.79× | ||
| Q2 25 | 5.62× | 0.30× | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 5.97× | — | ||
| Q1 24 | 3.47× | — |
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
DT
| Subscription And Circulation | $493.4M | 96% |
| Services | $22.1M | 4% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
