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FMC CORP（FMC）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
FMC CORP的季度营收约是朗美通的1.6倍（$1.1B vs $665.5M），朗美通净利率更高（11.8% vs -158.8%，领先170.6%），朗美通同比增速更快（65.5% vs -11.5%），FMC CORP自由现金流更多（$631.1M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 8.6%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
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。
FMC vs LITE — 直观对比
营收规模更大
FMC
是对方的1.6倍
$665.5M
营收增速更快
LITE
高出77.0%
-11.5%
净利率更高
LITE
高出170.6%
-158.8%
自由现金流更多
FMC
多$588.0M
$43.1M
两年增速更快
LITE
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $665.5M |
| 净利润 | $-1.7B | $78.2M |
| 毛利率 | 39.8% | 36.1% |
| 营业利润率 | -130.8% | 9.7% |
| 净利率 | -158.8% | 11.8% |
| 营收同比 | -11.5% | 65.5% |
| 净利润同比 | -10457.1% | 228.4% |
| 每股收益（稀释后） | $-13.77 | $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FMCLITE
| Q4 25 | $1.1B | $665.5M | ||
| Q3 25 | $542.2M | $533.8M | ||
| Q2 25 | $1.1B | $480.7M | ||
| Q1 25 | $791.4M | $425.2M | ||
| Q4 24 | $1.2B | $402.2M | ||
| Q3 24 | $1.1B | $336.9M | ||
| Q2 24 | $1.0B | $308.3M | ||
| Q1 24 | $918.0M | $366.5M |
净利润FMCLITE
| Q4 25 | $-1.7B | $78.2M | ||
| Q3 25 | $-569.3M | $4.2M | ||
| Q2 25 | $66.7M | $213.3M | ||
| Q1 25 | $-15.5M | $-44.1M | ||
| Q4 24 | $-16.3M | $-60.9M | ||
| Q3 24 | $65.0M | $-82.4M | ||
| Q2 24 | $295.1M | $-252.5M | ||
| Q1 24 | $-2.7M | $-127.0M |
毛利率FMCLITE
| Q4 25 | 39.8% | 36.1% | ||
| Q3 25 | 23.8% | 34.0% | ||
| Q2 25 | 38.7% | 33.3% | ||
| Q1 25 | 40.0% | 28.8% | ||
| Q4 24 | 42.9% | 24.8% | ||
| Q3 24 | 36.3% | 23.1% | ||
| Q2 24 | 38.3% | 16.6% | ||
| Q1 24 | 37.0% | 16.2% |
营业利润率FMCLITE
| Q4 25 | -130.8% | 9.7% | ||
| Q3 25 | -73.1% | 1.3% | ||
| Q2 25 | 12.0% | -1.7% | ||
| Q1 25 | 7.4% | -8.9% | ||
| Q4 24 | 19.2% | -12.8% | ||
| Q3 24 | 12.7% | -24.5% | ||
| Q2 24 | 6.0% | -43.3% | ||
| Q1 24 | 8.1% | -31.3% |
净利率FMCLITE
| Q4 25 | -158.8% | 11.8% | ||
| Q3 25 | -105.0% | 0.8% | ||
| Q2 25 | 6.3% | 44.4% | ||
| Q1 25 | -2.0% | -10.4% | ||
| Q4 24 | -1.3% | -15.1% | ||
| Q3 24 | 6.1% | -24.5% | ||
| Q2 24 | 28.4% | -81.9% | ||
| Q1 24 | -0.3% | -34.7% |
每股收益（稀释后）FMCLITE
| Q4 25 | $-13.77 | $0.89 | ||
| Q3 25 | $-4.52 | $0.05 | ||
| Q2 25 | $0.53 | $3.10 | ||
| Q1 25 | $-0.12 | $-0.64 | ||
| Q4 24 | $-0.13 | $-0.88 | ||
| Q3 24 | $0.52 | $-1.21 | ||
| Q2 24 | $2.35 | $-3.75 | ||
| Q1 24 | $-0.02 | $-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 | $584.5M | $1.2B |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | $2.1B | $846.6M |
| 总资产 | $9.7B | $4.8B |
| 负债/权益比越低杠杆越低 | 1.62× | — |
8季度趋势，按日历期对齐
现金及短期投资FMCLITE
| Q4 25 | $584.5M | $1.2B | ||
| Q3 25 | $497.7M | $1.1B | ||
| Q2 25 | $438.2M | $877.1M | ||
| Q1 25 | $315.3M | $866.7M | ||
| Q4 24 | $357.3M | $896.7M | ||
| Q3 24 | $416.7M | $916.1M | ||
| Q2 24 | $471.5M | $887.0M | ||
| Q1 24 | $417.8M | $870.9M |
总债务FMCLITE
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.1B | — |
股东权益FMCLITE
| Q4 25 | $2.1B | $846.6M | ||
| Q3 25 | $3.8B | $780.8M | ||
| Q2 25 | $4.4B | $1.1B | ||
| Q1 25 | $4.4B | $879.5M | ||
| Q4 24 | $4.5B | $872.3M | ||
| Q3 24 | $4.6B | $895.9M | ||
| Q2 24 | $4.6B | $957.3M | ||
| Q1 24 | $4.3B | $1.2B |
总资产FMCLITE
| Q4 25 | $9.7B | $4.8B | ||
| Q3 25 | $12.1B | $4.6B | ||
| Q2 25 | $12.3B | $4.2B | ||
| Q1 25 | $11.8B | $4.0B | ||
| Q4 24 | $11.7B | $4.0B | ||
| Q3 24 | $12.2B | $4.0B | ||
| Q2 24 | $12.1B | $3.9B | ||
| Q1 24 | $12.0B | $4.2B |
负债/权益比FMCLITE
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 0.72× | — |
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 | $657.1M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $631.1M | $43.1M |
| 自由现金流率自由现金流/营收 | 58.3% | 6.5% |
| 资本支出强度资本支出/营收 | 2.4% | 12.6% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | $-102.5M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流FMCLITE
| Q4 25 | $657.1M | $126.7M | ||
| Q3 25 | $-184.2M | $57.9M | ||
| Q2 25 | $65.9M | $64.0M | ||
| Q1 25 | $-545.0M | $-1.6M | ||
| Q4 24 | $427.9M | $24.3M | ||
| Q3 24 | $159.5M | $39.6M | ||
| Q2 24 | $292.2M | $35.5M | ||
| Q1 24 | $-142.9M | $-7.0M |
自由现金流FMCLITE
| Q4 25 | $631.1M | $43.1M | ||
| Q3 25 | $-207.9M | $-18.3M | ||
| Q2 25 | $50.9M | $10.1M | ||
| Q1 25 | $-576.6M | $-64.4M | ||
| Q4 24 | $406.3M | $-15.9M | ||
| Q3 24 | $143.8M | $-34.5M | ||
| Q2 24 | $282.3M | $10.9M | ||
| Q1 24 | $-163.6M | $-26.6M |
自由现金流率FMCLITE
| Q4 25 | 58.3% | 6.5% | ||
| Q3 25 | -38.3% | -3.4% | ||
| Q2 25 | 4.8% | 2.1% | ||
| Q1 25 | -72.9% | -15.1% | ||
| Q4 24 | 33.2% | -4.0% | ||
| Q3 24 | 13.5% | -10.2% | ||
| Q2 24 | 27.2% | 3.5% | ||
| Q1 24 | -17.8% | -7.3% |
资本支出强度FMCLITE
| Q4 25 | 2.4% | 12.6% | ||
| Q3 25 | 4.4% | 14.3% | ||
| Q2 25 | 1.4% | 11.2% | ||
| Q1 25 | 4.0% | 14.8% | ||
| Q4 24 | 1.8% | 10.0% | ||
| Q3 24 | 1.5% | 22.0% | ||
| Q2 24 | 1.0% | 8.0% | ||
| Q1 24 | 2.3% | 5.3% |
现金转化率FMCLITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | 0.99× | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.45× | — | ||
| Q2 24 | 0.99× | — | ||
| Q1 24 | — | — |
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
FMC
| Insecticides | $440.3M | 41% |
| Herbicides | $378.8M | 35% |
| Fungicides | $140.4M | 13% |
| Plant Health | $65.6M | 6% |
| Other | $45.0M | 4% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
