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F5, Inc.（FFIV）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
F5, Inc.的季度营收约是朗美通的1.2倍（$811.7M vs $665.5M），F5, Inc.净利率更高（18.2% vs 11.8%，领先6.5%），朗美通同比增速更快（65.5% vs 11.0%），过去两年朗美通的营收复合增速更高（34.8% vs 8.0%）
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
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。
FFIV vs LITE — 直观对比
营收规模更大
FFIV
是对方的1.2倍
$665.5M
营收增速更快
LITE
高出54.4%
11.0%
净利率更高
FFIV
高出6.5%
11.8%
两年增速更快
LITE
近两年复合增速
8.0%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $811.7M | $665.5M |
| 净利润 | $148.0M | $78.2M |
| 毛利率 | 81.4% | 36.1% |
| 营业利润率 | 22.1% | 9.7% |
| 净利率 | 18.2% | 11.8% |
| 营收同比 | 11.0% | 65.5% |
| 净利润同比 | 1.5% | 228.4% |
| 每股收益（稀释后） | $2.58 | $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FFIVLITE
| Q1 26 | $811.7M | — | ||
| Q4 25 | $822.5M | $665.5M | ||
| Q3 25 | $810.1M | $533.8M | ||
| Q2 25 | $780.4M | $480.7M | ||
| Q1 25 | $731.1M | $425.2M | ||
| Q4 24 | $766.5M | $402.2M | ||
| Q3 24 | $746.7M | $336.9M | ||
| Q2 24 | $695.5M | $308.3M |
净利润FFIVLITE
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $78.2M | ||
| Q3 25 | $190.5M | $4.2M | ||
| Q2 25 | $189.9M | $213.3M | ||
| Q1 25 | $145.5M | $-44.1M | ||
| Q4 24 | $166.4M | $-60.9M | ||
| Q3 24 | $165.3M | $-82.4M | ||
| Q2 24 | $144.1M | $-252.5M |
毛利率FFIVLITE
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | 36.1% | ||
| Q3 25 | 82.2% | 34.0% | ||
| Q2 25 | 81.0% | 33.3% | ||
| Q1 25 | 80.7% | 28.8% | ||
| Q4 24 | 81.7% | 24.8% | ||
| Q3 24 | 80.8% | 23.1% | ||
| Q2 24 | 80.4% | 16.6% |
营业利润率FFIVLITE
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 9.7% | ||
| Q3 25 | 25.4% | 1.3% | ||
| Q2 25 | 25.2% | -1.7% | ||
| Q1 25 | 21.7% | -8.9% | ||
| Q4 24 | 26.8% | -12.8% | ||
| Q3 24 | 25.6% | -24.5% | ||
| Q2 24 | 23.4% | -43.3% |
净利率FFIVLITE
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | 11.8% | ||
| Q3 25 | 23.5% | 0.8% | ||
| Q2 25 | 24.3% | 44.4% | ||
| Q1 25 | 19.9% | -10.4% | ||
| Q4 24 | 21.7% | -15.1% | ||
| Q3 24 | 22.1% | -24.5% | ||
| Q2 24 | 20.7% | -81.9% |
每股收益（稀释后）FFIVLITE
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $0.89 | ||
| Q3 25 | $3.25 | $0.05 | ||
| Q2 25 | $3.25 | $3.10 | ||
| Q1 25 | $2.48 | $-0.64 | ||
| Q4 24 | $2.82 | $-0.88 | ||
| Q3 24 | $2.79 | $-1.21 | ||
| Q2 24 | $2.44 | $-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 | $1.4B | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $846.6M |
| 总资产 | $6.5B | $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FFIVLITE
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.4B | $877.1M | ||
| Q1 25 | $1.3B | $866.7M | ||
| Q4 24 | $1.2B | $896.7M | ||
| Q3 24 | $1.1B | $916.1M | ||
| Q2 24 | $935.6M | $887.0M |
股东权益FFIVLITE
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $846.6M | ||
| Q3 25 | $3.6B | $780.8M | ||
| Q2 25 | $3.5B | $1.1B | ||
| Q1 25 | $3.3B | $879.5M | ||
| Q4 24 | $3.2B | $872.3M | ||
| Q3 24 | $3.1B | $895.9M | ||
| Q2 24 | $3.0B | $957.3M |
总资产FFIVLITE
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $4.8B | ||
| Q3 25 | $6.3B | $4.6B | ||
| Q2 25 | $6.1B | $4.2B | ||
| Q1 25 | $5.9B | $4.0B | ||
| Q4 24 | $5.9B | $4.0B | ||
| Q3 24 | $5.6B | $4.0B | ||
| Q2 24 | $5.4B | $3.9B |
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 | $525.1M | $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 | 3.55× | 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FFIVLITE
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $126.7M | ||
| Q3 25 | $208.1M | $57.9M | ||
| Q2 25 | $282.2M | $64.0M | ||
| Q1 25 | $256.6M | $-1.6M | ||
| Q4 24 | $202.8M | $24.3M | ||
| Q3 24 | $246.5M | $39.6M | ||
| Q2 24 | $159.0M | $35.5M |
自由现金流FFIVLITE
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $43.1M | ||
| Q3 25 | $191.9M | $-18.3M | ||
| Q2 25 | $273.7M | $10.1M | ||
| Q1 25 | $246.1M | $-64.4M | ||
| Q4 24 | $194.7M | $-15.9M | ||
| Q3 24 | $240.4M | $-34.5M | ||
| Q2 24 | $153.1M | $10.9M |
自由现金流率FFIVLITE
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | 6.5% | ||
| Q3 25 | 23.7% | -3.4% | ||
| Q2 25 | 35.1% | 2.1% | ||
| Q1 25 | 33.7% | -15.1% | ||
| Q4 24 | 25.4% | -4.0% | ||
| Q3 24 | 32.2% | -10.2% | ||
| Q2 24 | 22.0% | 3.5% |
资本支出强度FFIVLITE
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 12.6% | ||
| Q3 25 | 2.0% | 14.3% | ||
| Q2 25 | 1.1% | 11.2% | ||
| Q1 25 | 1.4% | 14.8% | ||
| Q4 24 | 1.1% | 10.0% | ||
| Q3 24 | 0.8% | 22.0% | ||
| Q2 24 | 0.8% | 8.0% |
现金转化率FFIVLITE
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 1.62× | ||
| Q3 25 | 1.09× | 13.79× | ||
| Q2 25 | 1.49× | 0.30× | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.10× | — |
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
FFIV
暂无分部数据
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
