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ExlService Holdings, Inc.（EXLS）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ExlService Holdings, Inc.的1.2倍（$665.5M vs $542.6M），朗美通净利率更高（11.8% vs 11.1%，领先0.6%），朗美通同比增速更快（65.5% vs 12.7%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 11.5%）
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
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。
EXLS vs LITE — 直观对比
营收规模更大
LITE
是对方的1.2倍
$542.6M
营收增速更快
LITE
高出52.8%
12.7%
净利率更高
LITE
高出0.6%
11.1%
自由现金流更多
EXLS
多$63.4M
$43.1M
两年增速更快
LITE
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $665.5M |
| 净利润 | $60.2M | $78.2M |
| 毛利率 | 38.6% | 36.1% |
| 营业利润率 | 14.4% | 9.7% |
| 净利率 | 11.1% | 11.8% |
| 营收同比 | 12.7% | 65.5% |
| 净利润同比 | 18.9% | 228.4% |
| 每股收益（稀释后） | $0.38 | $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EXLSLITE
| Q4 25 | $542.6M | $665.5M | ||
| Q3 25 | $529.6M | $533.8M | ||
| Q2 25 | $514.5M | $480.7M | ||
| Q1 25 | $501.0M | $425.2M | ||
| Q4 24 | $481.4M | $402.2M | ||
| Q3 24 | $472.1M | $336.9M | ||
| Q2 24 | $448.4M | $308.3M | ||
| Q1 24 | $436.5M | $366.5M |
净利润EXLSLITE
| Q4 25 | $60.2M | $78.2M | ||
| Q3 25 | $58.2M | $4.2M | ||
| Q2 25 | $66.1M | $213.3M | ||
| Q1 25 | $66.6M | $-44.1M | ||
| Q4 24 | $50.7M | $-60.9M | ||
| Q3 24 | $53.0M | $-82.4M | ||
| Q2 24 | $45.8M | $-252.5M | ||
| Q1 24 | $48.8M | $-127.0M |
毛利率EXLSLITE
| Q4 25 | 38.6% | 36.1% | ||
| Q3 25 | 38.5% | 34.0% | ||
| Q2 25 | 37.7% | 33.3% | ||
| Q1 25 | 38.6% | 28.8% | ||
| Q4 24 | 38.1% | 24.8% | ||
| Q3 24 | 37.8% | 23.1% | ||
| Q2 24 | 37.1% | 16.6% | ||
| Q1 24 | 37.4% | 16.2% |
营业利润率EXLSLITE
| Q4 25 | 14.4% | 9.7% | ||
| Q3 25 | 14.4% | 1.3% | ||
| Q2 25 | 15.8% | -1.7% | ||
| Q1 25 | 15.7% | -8.9% | ||
| Q4 24 | 14.8% | -12.8% | ||
| Q3 24 | 14.7% | -24.5% | ||
| Q2 24 | 13.7% | -43.3% | ||
| Q1 24 | 14.1% | -31.3% |
净利率EXLSLITE
| Q4 25 | 11.1% | 11.8% | ||
| Q3 25 | 11.0% | 0.8% | ||
| Q2 25 | 12.8% | 44.4% | ||
| Q1 25 | 13.3% | -10.4% | ||
| Q4 24 | 10.5% | -15.1% | ||
| Q3 24 | 11.2% | -24.5% | ||
| Q2 24 | 10.2% | -81.9% | ||
| Q1 24 | 11.2% | -34.7% |
每股收益（稀释后）EXLSLITE
| Q4 25 | $0.38 | $0.89 | ||
| Q3 25 | $0.36 | $0.05 | ||
| Q2 25 | $0.40 | $3.10 | ||
| Q1 25 | $0.40 | $-0.64 | ||
| Q4 24 | $0.31 | $-0.88 | ||
| Q3 24 | $0.33 | $-1.21 | ||
| Q2 24 | $0.28 | $-3.75 | ||
| Q1 24 | $0.29 | $-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 | $328.4M | $1.2B |
| 总债务越低越好 | $298.6M | — |
| 股东权益账面价值 | $912.7M | $846.6M |
| 总资产 | $1.7B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资EXLSLITE
| Q4 25 | $328.4M | $1.2B | ||
| Q3 25 | $390.1M | $1.1B | ||
| Q2 25 | $353.3M | $877.1M | ||
| Q1 25 | $331.4M | $866.7M | ||
| Q4 24 | $340.6M | $896.7M | ||
| Q3 24 | $325.8M | $916.1M | ||
| Q2 24 | $276.1M | $887.0M | ||
| Q1 24 | $246.2M | $870.9M |
总债务EXLSLITE
| Q4 25 | $298.6M | — | ||
| Q3 25 | $354.8M | — | ||
| Q2 25 | $260.0M | — | ||
| Q1 25 | $307.3M | — | ||
| Q4 24 | $288.5M | — | ||
| Q3 24 | $344.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXLSLITE
| Q4 25 | $912.7M | $846.6M | ||
| Q3 25 | $952.4M | $780.8M | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $879.5M | ||
| Q4 24 | $929.9M | $872.3M | ||
| Q3 24 | $907.6M | $895.9M | ||
| Q2 24 | $852.6M | $957.3M | ||
| Q1 24 | $803.3M | $1.2B |
总资产EXLSLITE
| Q4 25 | $1.7B | $4.8B | ||
| Q3 25 | $1.7B | $4.6B | ||
| Q2 25 | $1.7B | $4.2B | ||
| Q1 25 | $1.7B | $4.0B | ||
| Q4 24 | $1.6B | $4.0B | ||
| Q3 24 | $1.6B | $4.0B | ||
| Q2 24 | $1.5B | $3.9B | ||
| Q1 24 | $1.4B | $4.2B |
负债/权益比EXLSLITE
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $117.4M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $43.1M |
| 自由现金流率自由现金流/营收 | 19.6% | 6.5% |
| 资本支出强度资本支出/营收 | 2.0% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.95× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流EXLSLITE
| Q4 25 | $117.4M | $126.7M | ||
| Q3 25 | $120.7M | $57.9M | ||
| Q2 25 | $109.4M | $64.0M | ||
| Q1 25 | $3.2M | $-1.6M | ||
| Q4 24 | $105.3M | $24.3M | ||
| Q3 24 | $110.1M | $39.6M | ||
| Q2 24 | $74.9M | $35.5M | ||
| Q1 24 | $-21.9M | $-7.0M |
自由现金流EXLSLITE
| Q4 25 | $106.5M | $43.1M | ||
| Q3 25 | $106.4M | $-18.3M | ||
| Q2 25 | $95.0M | $10.1M | ||
| Q1 25 | $-9.7M | $-64.4M | ||
| Q4 24 | $95.3M | $-15.9M | ||
| Q3 24 | $97.3M | $-34.5M | ||
| Q2 24 | $62.8M | $10.9M | ||
| Q1 24 | $-33.1M | $-26.6M |
自由现金流率EXLSLITE
| Q4 25 | 19.6% | 6.5% | ||
| Q3 25 | 20.1% | -3.4% | ||
| Q2 25 | 18.5% | 2.1% | ||
| Q1 25 | -1.9% | -15.1% | ||
| Q4 24 | 19.8% | -4.0% | ||
| Q3 24 | 20.6% | -10.2% | ||
| Q2 24 | 14.0% | 3.5% | ||
| Q1 24 | -7.6% | -7.3% |
资本支出强度EXLSLITE
| Q4 25 | 2.0% | 12.6% | ||
| Q3 25 | 2.7% | 14.3% | ||
| Q2 25 | 2.8% | 11.2% | ||
| Q1 25 | 2.6% | 14.8% | ||
| Q4 24 | 2.1% | 10.0% | ||
| Q3 24 | 2.7% | 22.0% | ||
| Q2 24 | 2.7% | 8.0% | ||
| Q1 24 | 2.6% | 5.3% |
现金转化率EXLSLITE
| Q4 25 | 1.95× | 1.62× | ||
| Q3 25 | 2.08× | 13.79× | ||
| Q2 25 | 1.66× | 0.30× | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | -0.45× | — |
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
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
