vs
FactSet（FDS）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FactSet的1.1倍（$665.5M vs $607.6M），FactSet净利率更高（25.1% vs 11.8%，领先13.4%），朗美通同比增速更快（65.5% vs 6.9%），FactSet自由现金流更多（$90.4M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 5.5%）
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
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。
FDS vs LITE — 直观对比
营收规模更大
LITE
是对方的1.1倍
$607.6M
营收增速更快
LITE
高出58.6%
6.9%
净利率更高
FDS
高出13.4%
11.8%
自由现金流更多
FDS
多$47.3M
$43.1M
两年增速更快
LITE
近两年复合增速
5.5%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $607.6M | $665.5M |
| 净利润 | $152.6M | $78.2M |
| 毛利率 | 52.6% | 36.1% |
| 营业利润率 | 31.6% | 9.7% |
| 净利率 | 25.1% | 11.8% |
| 营收同比 | 6.9% | 65.5% |
| 净利润同比 | 1.7% | 228.4% |
| 每股收益（稀释后） | $4.06 | $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FDSLITE
| Q4 25 | $607.6M | $665.5M | ||
| Q3 25 | $596.9M | $533.8M | ||
| Q2 25 | $585.5M | $480.7M | ||
| Q1 25 | $570.7M | $425.2M | ||
| Q4 24 | $568.7M | $402.2M | ||
| Q3 24 | $562.2M | $336.9M | ||
| Q2 24 | $552.7M | $308.3M | ||
| Q1 24 | $545.9M | $366.5M |
净利润FDSLITE
| Q4 25 | $152.6M | $78.2M | ||
| Q3 25 | $153.6M | $4.2M | ||
| Q2 25 | $148.5M | $213.3M | ||
| Q1 25 | $144.9M | $-44.1M | ||
| Q4 24 | $150.0M | $-60.9M | ||
| Q3 24 | $89.5M | $-82.4M | ||
| Q2 24 | $158.1M | $-252.5M | ||
| Q1 24 | $140.9M | $-127.0M |
毛利率FDSLITE
| Q4 25 | 52.6% | 36.1% | ||
| Q3 25 | 51.6% | 34.0% | ||
| Q2 25 | 52.1% | 33.3% | ||
| Q1 25 | 52.8% | 28.8% | ||
| Q4 24 | 54.5% | 24.8% | ||
| Q3 24 | 54.1% | 23.1% | ||
| Q2 24 | 55.3% | 16.6% | ||
| Q1 24 | 53.3% | 16.2% |
营业利润率FDSLITE
| Q4 25 | 31.6% | 9.7% | ||
| Q3 25 | 29.7% | 1.3% | ||
| Q2 25 | 33.2% | -1.7% | ||
| Q1 25 | 32.5% | -8.9% | ||
| Q4 24 | 33.6% | -12.8% | ||
| Q3 24 | 22.7% | -24.5% | ||
| Q2 24 | 36.6% | -43.3% | ||
| Q1 24 | 33.3% | -31.3% |
净利率FDSLITE
| Q4 25 | 25.1% | 11.8% | ||
| Q3 25 | 25.7% | 0.8% | ||
| Q2 25 | 25.4% | 44.4% | ||
| Q1 25 | 25.4% | -10.4% | ||
| Q4 24 | 26.4% | -15.1% | ||
| Q3 24 | 15.9% | -24.5% | ||
| Q2 24 | 28.6% | -81.9% | ||
| Q1 24 | 25.8% | -34.7% |
每股收益（稀释后）FDSLITE
| Q4 25 | $4.06 | $0.89 | ||
| Q3 25 | $4.03 | $0.05 | ||
| Q2 25 | $3.87 | $3.10 | ||
| Q1 25 | $3.76 | $-0.64 | ||
| Q4 24 | $3.89 | $-0.88 | ||
| Q3 24 | $2.33 | $-1.21 | ||
| Q2 24 | $4.09 | $-3.75 | ||
| Q1 24 | $3.65 | $-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 | $292.7M | $1.2B |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $2.2B | $846.6M |
| 总资产 | $4.2B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资FDSLITE
| Q4 25 | $292.7M | $1.2B | ||
| Q3 25 | $355.1M | $1.1B | ||
| Q2 25 | $364.0M | $877.1M | ||
| Q1 25 | $287.0M | $866.7M | ||
| Q4 24 | $358.8M | $896.7M | ||
| Q3 24 | $492.6M | $916.1M | ||
| Q2 24 | $522.0M | $887.0M | ||
| Q1 24 | $450.2M | $870.9M |
总债务FDSLITE
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
股东权益FDSLITE
| Q4 25 | $2.2B | $846.6M | ||
| Q3 25 | $2.2B | $780.8M | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $879.5M | ||
| Q4 24 | $2.0B | $872.3M | ||
| Q3 24 | $1.9B | $895.9M | ||
| Q2 24 | $1.9B | $957.3M | ||
| Q1 24 | $1.8B | $1.2B |
总资产FDSLITE
| Q4 25 | $4.2B | $4.8B | ||
| Q3 25 | $4.3B | $4.6B | ||
| Q2 25 | $4.3B | $4.2B | ||
| Q1 25 | $4.2B | $4.0B | ||
| Q4 24 | $4.0B | $4.0B | ||
| Q3 24 | $4.1B | $4.0B | ||
| Q2 24 | $4.0B | $3.9B | ||
| Q1 24 | $4.0B | $4.2B |
负债/权益比FDSLITE
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.71× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.83× | — |
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 | $121.3M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $90.4M | $43.1M |
| 自由现金流率自由现金流/营收 | 14.9% | 6.5% |
| 资本支出强度资本支出/营收 | 5.1% | 12.6% |
| 现金转化率经营现金流/净利润 | 0.79× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $647.4M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流FDSLITE
| Q4 25 | $121.3M | $126.7M | ||
| Q3 25 | $212.1M | $57.9M | ||
| Q2 25 | $253.8M | $64.0M | ||
| Q1 25 | $174.0M | $-1.6M | ||
| Q4 24 | $86.4M | $24.3M | ||
| Q3 24 | $163.2M | $39.6M | ||
| Q2 24 | $238.2M | $35.5M | ||
| Q1 24 | $143.8M | $-7.0M |
自由现金流FDSLITE
| Q4 25 | $90.4M | $43.1M | ||
| Q3 25 | $178.1M | $-18.3M | ||
| Q2 25 | $228.6M | $10.1M | ||
| Q1 25 | $150.2M | $-64.4M | ||
| Q4 24 | $60.5M | $-15.9M | ||
| Q3 24 | $137.2M | $-34.5M | ||
| Q2 24 | $216.9M | $10.9M | ||
| Q1 24 | $121.9M | $-26.6M |
自由现金流率FDSLITE
| Q4 25 | 14.9% | 6.5% | ||
| Q3 25 | 29.8% | -3.4% | ||
| Q2 25 | 39.0% | 2.1% | ||
| Q1 25 | 26.3% | -15.1% | ||
| Q4 24 | 10.6% | -4.0% | ||
| Q3 24 | 24.4% | -10.2% | ||
| Q2 24 | 39.2% | 3.5% | ||
| Q1 24 | 22.3% | -7.3% |
资本支出强度FDSLITE
| Q4 25 | 5.1% | 12.6% | ||
| Q3 25 | 5.7% | 14.3% | ||
| Q2 25 | 4.3% | 11.2% | ||
| Q1 25 | 4.2% | 14.8% | ||
| Q4 24 | 4.5% | 10.0% | ||
| Q3 24 | 4.6% | 22.0% | ||
| Q2 24 | 3.9% | 8.0% | ||
| Q1 24 | 4.0% | 5.3% |
现金转化率FDSLITE
| Q4 25 | 0.79× | 1.62× | ||
| Q3 25 | 1.38× | 13.79× | ||
| Q2 25 | 1.71× | 0.30× | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | 1.82× | — | ||
| Q2 24 | 1.51× | — | ||
| Q1 24 | 1.02× | — |
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
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
