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Farmland Partners Inc.（FPI）与LIGHTPATH TECHNOLOGIES INC（LPTH）财务数据对比。点击上方公司名可切换其他公司
Farmland Partners Inc.的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.3倍（$20.7M vs $16.4M），Farmland Partners Inc.净利率更高（103.4% vs -57.5%，领先160.9%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs -3.5%），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs 31.4%）
农场土地工业曾是北美规模最大的农业合作社，在2002年至2004年间完成了全部资产出售。在其74年的经营历史中，该合作社作为多元化综合型机构为农户会员提供服务，在北美本土及全球农业市场都发挥过重要作用。
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
FPI vs LPTH — 直观对比
营收规模更大
FPI
是对方的1.3倍
$16.4M
营收增速更快
LPTH
高出123.8%
-3.5%
净利率更高
FPI
高出160.9%
-57.5%
两年增速更快
LPTH
近两年复合增速
31.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $20.7M | $16.4M |
| 净利润 | $21.4M | $-9.4M |
| 毛利率 | — | 36.8% |
| 营业利润率 | — | -52.6% |
| 净利率 | 103.4% | -57.5% |
| 营收同比 | -3.5% | 120.2% |
| 净利润同比 | -63.5% | -260.1% |
| 每股收益（稀释后） | $0.44 | $-0.20 |
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FPILPTH
| Q4 25 | $20.7M | $16.4M | ||
| Q3 25 | $11.3M | $15.1M | ||
| Q2 25 | $10.0M | $12.2M | ||
| Q1 25 | $10.3M | $9.2M | ||
| Q4 24 | $21.5M | $7.4M | ||
| Q3 24 | $13.3M | $8.4M | ||
| Q2 24 | $11.4M | $8.6M | ||
| Q1 24 | $12.0M | $7.7M |
净利润FPILPTH
| Q4 25 | $21.4M | $-9.4M | ||
| Q3 25 | $483.0K | $-2.9M | ||
| Q2 25 | $7.6M | $-7.1M | ||
| Q1 25 | $2.0M | $-3.6M | ||
| Q4 24 | $58.7M | $-2.6M | ||
| Q3 24 | $1.8M | $-1.6M | ||
| Q2 24 | $-2.0M | $-2.4M | ||
| Q1 24 | $1.4M | $-2.6M |
毛利率FPILPTH
| Q4 25 | — | 36.8% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 29.1% | ||
| Q4 24 | — | 26.0% | ||
| Q3 24 | — | 33.9% | ||
| Q2 24 | — | 29.2% | ||
| Q1 24 | — | 20.9% |
营业利润率FPILPTH
| Q4 25 | — | -52.6% | ||
| Q3 25 | 4.3% | -16.6% | ||
| Q2 25 | 78.2% | -38.0% | ||
| Q1 25 | 20.6% | -36.3% | ||
| Q4 24 | — | -33.5% | ||
| Q3 24 | 13.9% | -16.4% | ||
| Q2 24 | -17.9% | -25.6% | ||
| Q1 24 | 11.9% | -33.6% |
净利率FPILPTH
| Q4 25 | 103.4% | -57.5% | ||
| Q3 25 | 4.3% | -19.2% | ||
| Q2 25 | 76.3% | -57.8% | ||
| Q1 25 | 19.9% | -39.1% | ||
| Q4 24 | 273.6% | -35.2% | ||
| Q3 24 | 13.5% | -19.3% | ||
| Q2 24 | -17.5% | -27.3% | ||
| Q1 24 | 11.5% | -33.7% |
每股收益（稀释后）FPILPTH
| Q4 25 | $0.44 | $-0.20 | ||
| Q3 25 | $0.00 | $-0.07 | ||
| Q2 25 | $0.14 | $0.19 | ||
| Q1 25 | $0.03 | $-0.44 | ||
| Q4 24 | $1.09 | $-0.07 | ||
| Q3 24 | $0.02 | $-0.04 | ||
| Q2 24 | $-0.06 | $-0.15 | ||
| Q1 24 | $0.01 | $-0.07 |
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 | — | $73.6M |
| 总债务越低越好 | $161.6M | — |
| 股东权益账面价值 | $467.4M | $77.9M |
| 总资产 | $719.1M | $148.6M |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资FPILPTH
| Q4 25 | — | $73.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务FPILPTH
| Q4 25 | $161.6M | — | ||
| Q3 25 | $170.4M | — | ||
| Q2 25 | $193.4M | — | ||
| Q1 25 | $202.6M | — | ||
| Q4 24 | $204.6M | — | ||
| Q3 24 | $394.0M | — | ||
| Q2 24 | $393.0M | $535.0K | ||
| Q1 24 | $383.0M | $599.4K |
股东权益FPILPTH
| Q4 25 | $467.4M | $77.9M | ||
| Q3 25 | $457.3M | $21.4M | ||
| Q2 25 | $473.5M | $15.6M | ||
| Q1 25 | $492.2M | $15.7M | ||
| Q4 24 | $494.6M | $26.7M | ||
| Q3 24 | $519.4M | $29.4M | ||
| Q2 24 | $521.5M | $30.2M | ||
| Q1 24 | $526.7M | $31.7M |
总资产FPILPTH
| Q4 25 | $719.1M | $148.6M | ||
| Q3 25 | $738.5M | $87.3M | ||
| Q2 25 | $776.7M | $81.5M | ||
| Q1 25 | $810.5M | $81.4M | ||
| Q4 24 | $869.6M | $45.8M | ||
| Q3 24 | $1.0B | $48.4M | ||
| Q2 24 | $1.0B | $48.1M | ||
| Q1 24 | $1.0B | $49.7M |
负债/权益比FPILPTH
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.75× | 0.02× | ||
| Q1 24 | 0.73× | 0.02× |
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 | $17.4M | $2.8M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | — | $-6.3M |
8季度趋势，按日历期对齐
经营现金流FPILPTH
| Q4 25 | $17.4M | $2.8M | ||
| Q3 25 | $-2.0M | $-1.1M | ||
| Q2 25 | $-2.2M | $-2.6M | ||
| Q1 25 | $6.4M | $-3.2M | ||
| Q4 24 | $16.1M | $-737.4K | ||
| Q3 24 | $-4.3M | $-1.7M | ||
| Q2 24 | $-6.1M | $64.7K | ||
| Q1 24 | $11.9M | $-394.2K |
自由现金流FPILPTH
| Q4 25 | — | $2.0M | ||
| Q3 25 | — | $-1.2M | ||
| Q2 25 | — | $-3.3M | ||
| Q1 25 | — | $-3.7M | ||
| Q4 24 | — | $-817.8K | ||
| Q3 24 | — | $-1.8M | ||
| Q2 24 | — | $-225.5K | ||
| Q1 24 | — | $-802.5K |
自由现金流率FPILPTH
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | -8.1% | ||
| Q2 25 | — | -27.3% | ||
| Q1 25 | — | -40.0% | ||
| Q4 24 | — | -11.0% | ||
| Q3 24 | — | -21.2% | ||
| Q2 24 | — | -2.6% | ||
| Q1 24 | — | -10.4% |
资本支出强度FPILPTH
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 5.3% |
现金转化率FPILPTH
| Q4 25 | 0.81× | — | ||
| Q3 25 | -4.04× | — | ||
| Q2 25 | -0.29× | — | ||
| Q1 25 | 3.12× | — | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | -2.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.66× | — |
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
FPI
暂无分部数据
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
