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Fidelity National Financial, Inc.（FNF）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Fidelity National Financial, Inc.的1.2倍（$665.5M vs $544.0M），朗美通净利率更高（11.8% vs -21.5%，领先33.3%），朗美通同比增速更快（65.5% vs 10.3%），过去两年朗美通的营收复合增速更高（34.8% vs 13.7%）
富达国民金融是美国财富500强企业，主要面向房地产与抵押贷款行业提供产权保险及交割服务，2019年其产权及房地产业务相关年度营收约为84.69亿美元，是全球领先的产权保险服务供应商。
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。
FNF vs LITE — 直观对比
营收规模更大
LITE
是对方的1.2倍
$544.0M
营收增速更快
LITE
高出55.1%
10.3%
净利率更高
LITE
高出33.3%
-21.5%
两年增速更快
LITE
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $665.5M |
| 净利润 | $-117.0M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 82.9% | 9.7% |
| 净利率 | -21.5% | 11.8% |
| 营收同比 | 10.3% | 65.5% |
| 净利润同比 | -126.0% | 228.4% |
| 每股收益（稀释后） | $-0.44 | $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FNFLITE
| Q4 25 | $544.0M | $665.5M | ||
| Q3 25 | $553.0M | $533.8M | ||
| Q2 25 | $547.0M | $480.7M | ||
| Q1 25 | $455.0M | $425.2M | ||
| Q4 24 | $493.0M | $402.2M | ||
| Q3 24 | $506.0M | $336.9M | ||
| Q2 24 | $504.0M | $308.3M | ||
| Q1 24 | $421.0M | $366.5M |
净利润FNFLITE
| Q4 25 | $-117.0M | $78.2M | ||
| Q3 25 | $358.0M | $4.2M | ||
| Q2 25 | $278.0M | $213.3M | ||
| Q1 25 | $83.0M | $-44.1M | ||
| Q4 24 | $450.0M | $-60.9M | ||
| Q3 24 | $266.0M | $-82.4M | ||
| Q2 24 | $306.0M | $-252.5M | ||
| Q1 24 | $248.0M | $-127.0M |
毛利率FNFLITE
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 16.2% |
营业利润率FNFLITE
| Q4 25 | 82.9% | 9.7% | ||
| Q3 25 | 81.9% | 1.3% | ||
| Q2 25 | 69.8% | -1.7% | ||
| Q1 25 | 24.4% | -8.9% | ||
| Q4 24 | — | -12.8% | ||
| Q3 24 | 61.9% | -24.5% | ||
| Q2 24 | 90.9% | -43.3% | ||
| Q1 24 | 78.6% | -31.3% |
净利率FNFLITE
| Q4 25 | -21.5% | 11.8% | ||
| Q3 25 | 64.7% | 0.8% | ||
| Q2 25 | 50.8% | 44.4% | ||
| Q1 25 | 18.2% | -10.4% | ||
| Q4 24 | 91.3% | -15.1% | ||
| Q3 24 | 52.6% | -24.5% | ||
| Q2 24 | 60.7% | -81.9% | ||
| Q1 24 | 58.9% | -34.7% |
每股收益（稀释后）FNFLITE
| Q4 25 | $-0.44 | $0.89 | ||
| Q3 25 | $1.33 | $0.05 | ||
| Q2 25 | $1.02 | $3.10 | ||
| Q1 25 | $0.30 | $-0.64 | ||
| Q4 24 | $1.65 | $-0.88 | ||
| Q3 24 | $0.97 | $-1.21 | ||
| Q2 24 | $1.12 | $-3.75 | ||
| Q1 24 | $0.91 | $-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 | $2.6B | $1.2B |
| 总债务越低越好 | $4.4B | — |
| 股东权益账面价值 | $7.4B | $846.6M |
| 总资产 | $109.0B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资FNFLITE
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $3.5B | $1.1B | ||
| Q2 25 | $3.3B | $877.1M | ||
| Q1 25 | $4.5B | $866.7M | ||
| Q4 24 | $3.5B | $896.7M | ||
| Q3 24 | $5.0B | $916.1M | ||
| Q2 24 | $4.9B | $887.0M | ||
| Q1 24 | $3.5B | $870.9M |
总债务FNFLITE
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.9B | — |
股东权益FNFLITE
| Q4 25 | $7.4B | $846.6M | ||
| Q3 25 | $8.4B | $780.8M | ||
| Q2 25 | $7.9B | $1.1B | ||
| Q1 25 | $7.9B | $879.5M | ||
| Q4 24 | $7.8B | $872.3M | ||
| Q3 24 | $8.1B | $895.9M | ||
| Q2 24 | $7.3B | $957.3M | ||
| Q1 24 | $7.1B | $1.2B |
总资产FNFLITE
| Q4 25 | $109.0B | $4.8B | ||
| Q3 25 | $106.6B | $4.6B | ||
| Q2 25 | $102.3B | $4.2B | ||
| Q1 25 | $98.2B | $4.0B | ||
| Q4 24 | $95.4B | $4.0B | ||
| Q3 24 | $94.7B | $4.0B | ||
| Q2 24 | $88.8B | $3.9B | ||
| Q1 24 | $84.5B | $4.2B |
负债/权益比FNFLITE
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 0.55× | — |
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 | $1.5B | $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 | — | 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FNFLITE
| Q4 25 | $1.5B | $126.7M | ||
| Q3 25 | $1.3B | $57.9M | ||
| Q2 25 | $1.9B | $64.0M | ||
| Q1 25 | $1.1B | $-1.6M | ||
| Q4 24 | $1.5B | $24.3M | ||
| Q3 24 | $2.4B | $39.6M | ||
| Q2 24 | $1.4B | $35.5M | ||
| Q1 24 | $1.6B | $-7.0M |
自由现金流FNFLITE
| Q4 25 | — | $43.1M | ||
| Q3 25 | — | $-18.3M | ||
| Q2 25 | — | $10.1M | ||
| Q1 25 | — | $-64.4M | ||
| Q4 24 | — | $-15.9M | ||
| Q3 24 | — | $-34.5M | ||
| Q2 24 | — | $10.9M | ||
| Q1 24 | — | $-26.6M |
自由现金流率FNFLITE
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | -15.1% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -10.2% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | -7.3% |
资本支出强度FNFLITE
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 5.3% |
现金转化率FNFLITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | 3.66× | 13.79× | ||
| Q2 25 | 6.82× | 0.30× | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | — | ||
| Q1 24 | 6.42× | — |
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
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
