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Shift4 Payments, Inc.（FOUR）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
Shift4 Payments, Inc.的季度营收约是朗美通的1.8倍（$1.2B vs $665.5M），朗美通净利率更高（11.8% vs 3.4%，领先8.4%），朗美通同比增速更快（65.5% vs 34.0%），Shift4 Payments, Inc.自由现金流更多（$222.5M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 29.6%）
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
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。
FOUR vs LITE — 直观对比
营收规模更大
FOUR
是对方的1.8倍
$665.5M
营收增速更快
LITE
高出31.5%
34.0%
净利率更高
LITE
高出8.4%
3.4%
自由现金流更多
FOUR
多$179.4M
$43.1M
两年增速更快
LITE
近两年复合增速
29.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $665.5M |
| 净利润 | $40.2M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 10.8% | 9.7% |
| 净利率 | 3.4% | 11.8% |
| 营收同比 | 34.0% | 65.5% |
| 净利润同比 | -65.3% | 228.4% |
| 每股收益（稀释后） | — | $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FOURLITE
| Q4 25 | $1.2B | $665.5M | ||
| Q3 25 | $1.2B | $533.8M | ||
| Q2 25 | $966.2M | $480.7M | ||
| Q1 25 | $848.3M | $425.2M | ||
| Q4 24 | $887.0M | $402.2M | ||
| Q3 24 | $909.2M | $336.9M | ||
| Q2 24 | $827.0M | $308.3M | ||
| Q1 24 | $707.4M | $366.5M |
净利润FOURLITE
| Q4 25 | $40.2M | $78.2M | ||
| Q3 25 | $28.1M | $4.2M | ||
| Q2 25 | $34.0M | $213.3M | ||
| Q1 25 | $16.7M | $-44.1M | ||
| Q4 24 | $116.0M | $-60.9M | ||
| Q3 24 | $53.8M | $-82.4M | ||
| Q2 24 | $39.2M | $-252.5M | ||
| Q1 24 | $20.6M | $-127.0M |
毛利率FOURLITE
| 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FOURLITE
| Q4 25 | 10.8% | 9.7% | ||
| Q3 25 | 9.7% | 1.3% | ||
| Q2 25 | 8.6% | -1.7% | ||
| Q1 25 | 3.0% | -8.9% | ||
| Q4 24 | 9.7% | -12.8% | ||
| Q3 24 | 8.8% | -24.5% | ||
| Q2 24 | 7.2% | -43.3% | ||
| Q1 24 | 3.0% | -31.3% |
净利率FOURLITE
| Q4 25 | 3.4% | 11.8% | ||
| Q3 25 | 2.4% | 0.8% | ||
| Q2 25 | 3.5% | 44.4% | ||
| Q1 25 | 2.0% | -10.4% | ||
| Q4 24 | 13.1% | -15.1% | ||
| Q3 24 | 5.9% | -24.5% | ||
| Q2 24 | 4.7% | -81.9% | ||
| Q1 24 | 2.9% | -34.7% |
每股收益（稀释后）FOURLITE
| Q4 25 | — | $0.89 | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | — | $3.10 | ||
| Q1 25 | — | $-0.64 | ||
| Q4 24 | — | $-0.88 | ||
| Q3 24 | — | $-1.21 | ||
| Q2 24 | — | $-3.75 | ||
| Q1 24 | — | $-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 | $964.0M | $1.2B |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | $846.6M |
| 总资产 | $8.7B | $4.8B |
| 负债/权益比越低杠杆越低 | 3.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FOURLITE
| Q4 25 | $964.0M | $1.2B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $3.0B | $877.1M | ||
| Q1 25 | $1.2B | $866.7M | ||
| Q4 24 | $1.2B | $896.7M | ||
| Q3 24 | $1.4B | $916.1M | ||
| Q2 24 | $205.0M | $887.0M | ||
| Q1 24 | $522.9M | $870.9M |
总债务FOURLITE
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FOURLITE
| Q4 25 | $1.4B | $846.6M | ||
| Q3 25 | $1.7B | $780.8M | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $805.2M | $879.5M | ||
| Q4 24 | $806.6M | $872.3M | ||
| Q3 24 | $811.8M | $895.9M | ||
| Q2 24 | $700.8M | $957.3M | ||
| Q1 24 | $674.5M | $1.2B |
总资产FOURLITE
| Q4 25 | $8.7B | $4.8B | ||
| Q3 25 | $9.0B | $4.6B | ||
| Q2 25 | $7.0B | $4.2B | ||
| Q1 25 | $5.0B | $4.0B | ||
| Q4 24 | $5.0B | $4.0B | ||
| Q3 24 | $5.0B | $4.0B | ||
| Q2 24 | $3.5B | $3.9B | ||
| Q1 24 | $3.4B | $4.2B |
负债/权益比FOURLITE
| Q4 25 | 3.15× | — | ||
| Q3 25 | 2.83× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 3.53× | — | ||
| Q4 24 | 3.52× | — | ||
| Q3 24 | — | — | ||
| 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 | $223.7M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $43.1M |
| 自由现金流率自由现金流/营收 | 18.7% | 6.5% |
| 资本支出强度资本支出/营收 | 0.1% | 12.6% |
| 现金转化率经营现金流/净利润 | 5.56× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $624.0M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流FOURLITE
| Q4 25 | $223.7M | $126.7M | ||
| Q3 25 | $171.8M | $57.9M | ||
| Q2 25 | $141.9M | $64.0M | ||
| Q1 25 | $96.6M | $-1.6M | ||
| Q4 24 | $145.4M | $24.3M | ||
| Q3 24 | $182.1M | $39.6M | ||
| Q2 24 | $116.1M | $35.5M | ||
| Q1 24 | $56.7M | $-7.0M |
自由现金流FOURLITE
| Q4 25 | $222.5M | $43.1M | ||
| Q3 25 | $165.4M | $-18.3M | ||
| Q2 25 | $141.0M | $10.1M | ||
| Q1 25 | $95.1M | $-64.4M | ||
| Q4 24 | $143.8M | $-15.9M | ||
| Q3 24 | $180.1M | $-34.5M | ||
| Q2 24 | $113.9M | $10.9M | ||
| Q1 24 | $55.4M | $-26.6M |
自由现金流率FOURLITE
| Q4 25 | 18.7% | 6.5% | ||
| Q3 25 | 14.1% | -3.4% | ||
| Q2 25 | 14.6% | 2.1% | ||
| Q1 25 | 11.2% | -15.1% | ||
| Q4 24 | 16.2% | -4.0% | ||
| Q3 24 | 19.8% | -10.2% | ||
| Q2 24 | 13.8% | 3.5% | ||
| Q1 24 | 7.8% | -7.3% |
资本支出强度FOURLITE
| Q4 25 | 0.1% | 12.6% | ||
| Q3 25 | 0.5% | 14.3% | ||
| Q2 25 | 0.1% | 11.2% | ||
| Q1 25 | 0.2% | 14.8% | ||
| Q4 24 | 0.2% | 10.0% | ||
| Q3 24 | 0.2% | 22.0% | ||
| Q2 24 | 0.3% | 8.0% | ||
| Q1 24 | 0.2% | 5.3% |
现金转化率FOURLITE
| Q4 25 | 5.56× | 1.62× | ||
| Q3 25 | 6.11× | 13.79× | ||
| Q2 25 | 4.17× | 0.30× | ||
| Q1 25 | 5.78× | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 3.38× | — | ||
| Q2 24 | 2.96× | — | ||
| Q1 24 | 2.75× | — |
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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
