vs
伊萨（ESAB）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
伊萨的季度营收约是朗美通的1.1倍（$745.6M vs $665.5M），朗美通净利率更高（11.8% vs 6.6%，领先5.1%），朗美通同比增速更快（65.5% vs 9.9%），过去两年朗美通的营收复合增速更高（34.8% vs 4.0%）
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
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。
ESAB vs LITE — 直观对比
营收规模更大
ESAB
是对方的1.1倍
$665.5M
营收增速更快
LITE
高出55.5%
9.9%
净利率更高
LITE
高出5.1%
6.6%
两年增速更快
LITE
近两年复合增速
4.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $745.6M | $665.5M |
| 净利润 | $49.2M | $78.2M |
| 毛利率 | 36.9% | 36.1% |
| 营业利润率 | 12.1% | 9.7% |
| 净利率 | 6.6% | 11.8% |
| 营收同比 | 9.9% | 65.5% |
| 净利润同比 | -29.3% | 228.4% |
| 每股收益（稀释后） | $0.78 | $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ESABLITE
| Q1 26 | $745.6M | — | ||
| Q4 25 | $727.8M | $665.5M | ||
| Q3 25 | $715.6M | $533.8M | ||
| Q2 25 | $678.1M | $480.7M | ||
| Q1 25 | — | $425.2M | ||
| Q4 24 | $670.8M | $402.2M | ||
| Q3 24 | $673.3M | $336.9M | ||
| Q2 24 | $707.1M | $308.3M |
净利润ESABLITE
| Q1 26 | $49.2M | — | ||
| Q4 25 | $54.8M | $78.2M | ||
| Q3 25 | $66.9M | $4.2M | ||
| Q2 25 | $67.4M | $213.3M | ||
| Q1 25 | — | $-44.1M | ||
| Q4 24 | $53.7M | $-60.9M | ||
| Q3 24 | $68.2M | $-82.4M | ||
| Q2 24 | $82.9M | $-252.5M |
毛利率ESABLITE
| Q1 26 | 36.9% | — | ||
| Q4 25 | 37.0% | 36.1% | ||
| Q3 25 | 37.2% | 34.0% | ||
| Q2 25 | 37.6% | 33.3% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | 38.5% | 24.8% | ||
| Q3 24 | 37.7% | 23.1% | ||
| Q2 24 | 38.2% | 16.6% |
营业利润率ESABLITE
| Q1 26 | 12.1% | — | ||
| Q4 25 | 14.6% | 9.7% | ||
| Q3 25 | 15.2% | 1.3% | ||
| Q2 25 | 16.2% | -1.7% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | 16.6% | -12.8% | ||
| Q3 24 | 15.7% | -24.5% | ||
| Q2 24 | 16.9% | -43.3% |
净利率ESABLITE
| Q1 26 | 6.6% | — | ||
| Q4 25 | 7.5% | 11.8% | ||
| Q3 25 | 9.3% | 0.8% | ||
| Q2 25 | 9.9% | 44.4% | ||
| Q1 25 | — | -10.4% | ||
| Q4 24 | 8.0% | -15.1% | ||
| Q3 24 | 10.1% | -24.5% | ||
| Q2 24 | 11.7% | -81.9% |
每股收益（稀释后）ESABLITE
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.90 | $0.89 | ||
| Q3 25 | $1.09 | $0.05 | ||
| Q2 25 | $1.10 | $3.10 | ||
| Q1 25 | — | $-0.64 | ||
| Q4 24 | $0.87 | $-0.88 | ||
| Q3 24 | $1.11 | $-1.21 | ||
| Q2 24 | $1.35 | $-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 | $1.0B | $1.2B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.2B | $846.6M |
| 总资产 | $5.6B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.91× | — |
8季度趋势，按日历期对齐
现金及短期投资ESABLITE
| Q1 26 | $1.0B | — | ||
| Q4 25 | $218.2M | $1.2B | ||
| Q3 25 | $258.2M | $1.1B | ||
| Q2 25 | $291.3M | $877.1M | ||
| Q1 25 | — | $866.7M | ||
| Q4 24 | $249.4M | $896.7M | ||
| Q3 24 | $253.7M | $916.1M | ||
| Q2 24 | $228.5M | $887.0M |
总债务ESABLITE
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
股东权益ESABLITE
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.1B | $846.6M | ||
| Q3 25 | $2.1B | $780.8M | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | — | $879.5M | ||
| Q4 24 | $1.8B | $872.3M | ||
| Q3 24 | $1.8B | $895.9M | ||
| Q2 24 | $1.7B | $957.3M |
总资产ESABLITE
| Q1 26 | $5.6B | — | ||
| Q4 25 | $4.9B | $4.8B | ||
| Q3 25 | $4.4B | $4.6B | ||
| Q2 25 | $4.2B | $4.2B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | $4.0B | $4.0B | ||
| Q3 24 | $4.1B | $4.0B | ||
| Q2 24 | $4.0B | $3.9B |
负债/权益比ESABLITE
| Q1 26 | 0.91× | — | ||
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — |
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 | $46.9M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | — | $43.1M |
| 自由现金流率自由现金流/营收 | — | 6.5% |
| 资本支出强度资本支出/营收 | — | 12.6% |
| 现金转化率经营现金流/净利润 | 0.95× | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $-29.5M |
8季度趋势，按日历期对齐
经营现金流ESABLITE
| Q1 26 | $46.9M | — | ||
| Q4 25 | $81.5M | $126.7M | ||
| Q3 25 | $46.6M | $57.9M | ||
| Q2 25 | $35.4M | $64.0M | ||
| Q1 25 | — | $-1.6M | ||
| Q4 24 | $126.9M | $24.3M | ||
| Q3 24 | $101.0M | $39.6M | ||
| Q2 24 | $83.0M | $35.5M |
自由现金流ESABLITE
| Q1 26 | — | — | ||
| Q4 25 | $70.3M | $43.1M | ||
| Q3 25 | $37.4M | $-18.3M | ||
| Q2 25 | $28.1M | $10.1M | ||
| Q1 25 | — | $-64.4M | ||
| Q4 24 | $102.2M | $-15.9M | ||
| Q3 24 | $90.4M | $-34.5M | ||
| Q2 24 | $74.0M | $10.9M |
自由现金流率ESABLITE
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 6.5% | ||
| Q3 25 | 5.2% | -3.4% | ||
| Q2 25 | 4.1% | 2.1% | ||
| Q1 25 | — | -15.1% | ||
| Q4 24 | 15.2% | -4.0% | ||
| Q3 24 | 13.4% | -10.2% | ||
| Q2 24 | 10.5% | 3.5% |
资本支出强度ESABLITE
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 12.6% | ||
| Q3 25 | 1.3% | 14.3% | ||
| Q2 25 | 1.1% | 11.2% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | 3.7% | 10.0% | ||
| Q3 24 | 1.6% | 22.0% | ||
| Q2 24 | 1.3% | 8.0% |
现金转化率ESABLITE
| Q1 26 | 0.95× | — | ||
| Q4 25 | 1.49× | 1.62× | ||
| Q3 25 | 0.70× | 13.79× | ||
| Q2 25 | 0.53× | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.00× | — |
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
ESAB
暂无分部数据
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
