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合众银行（FSBC）与NLIGHT, INC.（LASR）财务数据对比。点击上方公司名可切换其他公司
NLIGHT, INC.的季度营收约是合众银行的1.8倍（$81.2M vs $45.1M），合众银行净利率更高（41.3% vs -6.0%，领先47.3%），过去两年NLIGHT, INC.的营收复合增速更高（35.0% vs 21.3%）
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
nLight Inc.是全球领先的高性能半导体激光器、光纤激光器及相关光学组件研发生产商，产品广泛应用于工业精密制造、航空航天与国防、医疗设备、前沿研究等核心领域，客户遍及北美、欧洲及亚太地区。
FSBC vs LASR — 直观对比
营收规模更大
LASR
是对方的1.8倍
$45.1M
净利率更高
FSBC
高出47.3%
-6.0%
两年增速更快
LASR
近两年复合增速
21.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.1M | $81.2M |
| 净利润 | $18.6M | $-4.9M |
| 毛利率 | — | 30.7% |
| 营业利润率 | — | -6.7% |
| 净利率 | 41.3% | -6.0% |
| 营收同比 | — | 71.3% |
| 净利润同比 | 42.0% | 80.3% |
| 每股收益（稀释后） | $0.87 | $-0.10 |
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FSBCLASR
| Q1 26 | $45.1M | — | ||
| Q4 25 | $43.5M | $81.2M | ||
| Q3 25 | $41.3M | $66.7M | ||
| Q2 25 | $38.3M | $61.7M | ||
| Q1 25 | $35.3M | $51.7M | ||
| Q4 24 | $35.2M | $47.4M | ||
| Q3 24 | $31.8M | $56.1M | ||
| Q2 24 | $30.7M | $50.5M |
净利润FSBCLASR
| Q1 26 | $18.6M | — | ||
| Q4 25 | $17.6M | $-4.9M | ||
| Q3 25 | $16.3M | $-6.9M | ||
| Q2 25 | $14.5M | $-3.6M | ||
| Q1 25 | $13.1M | $-8.1M | ||
| Q4 24 | $13.3M | $-25.0M | ||
| Q3 24 | $10.9M | $-10.3M | ||
| Q2 24 | $10.8M | $-11.7M |
毛利率FSBCLASR
| Q1 26 | — | — | ||
| Q4 25 | — | 30.7% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | — | 29.9% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 22.4% | ||
| Q2 24 | — | 23.5% |
营业利润率FSBCLASR
| Q1 26 | — | — | ||
| Q4 25 | 52.9% | -6.7% | ||
| Q3 25 | 53.8% | -10.9% | ||
| Q2 25 | 52.4% | -6.9% | ||
| Q1 25 | 52.0% | -18.6% | ||
| Q4 24 | 55.1% | -55.8% | ||
| Q3 24 | 48.0% | -21.0% | ||
| Q2 24 | 49.4% | -25.1% |
净利率FSBCLASR
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.6% | -6.0% | ||
| Q3 25 | 39.6% | -10.3% | ||
| Q2 25 | 37.9% | -5.8% | ||
| Q1 25 | 37.1% | -15.7% | ||
| Q4 24 | 37.9% | -52.7% | ||
| Q3 24 | 34.4% | -18.4% | ||
| Q2 24 | 35.2% | -23.2% |
每股收益（稀释后）FSBCLASR
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.83 | $-0.10 | ||
| Q3 25 | $0.77 | $-0.14 | ||
| Q2 25 | $0.68 | $-0.07 | ||
| Q1 25 | $0.62 | $-0.16 | ||
| Q4 24 | $0.61 | $-0.52 | ||
| Q3 24 | $0.52 | $-0.21 | ||
| Q2 24 | $0.51 | $-0.25 |
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 | $644.4M | $98.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $458.5M | $226.7M |
| 总资产 | $5.0B | $315.2M |
| 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FSBCLASR
| Q1 26 | $644.4M | — | ||
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $81.1M | ||
| Q2 25 | — | $78.8M | ||
| Q1 25 | — | $82.2M | ||
| Q4 24 | — | $65.8M | ||
| Q3 24 | — | $41.5M | ||
| Q2 24 | — | $49.4M |
股东权益FSBCLASR
| Q1 26 | $458.5M | — | ||
| Q4 25 | $445.8M | $226.7M | ||
| Q3 25 | $431.3M | $218.5M | ||
| Q2 25 | $416.7M | $216.0M | ||
| Q1 25 | $406.5M | $212.8M | ||
| Q4 24 | $396.6M | $216.4M | ||
| Q3 24 | $389.9M | $235.3M | ||
| Q2 24 | $380.5M | $239.5M |
总资产FSBCLASR
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.8B | $315.2M | ||
| Q3 25 | $4.6B | $298.7M | ||
| Q2 25 | $4.4B | $295.3M | ||
| Q1 25 | $4.2B | $290.0M | ||
| Q4 24 | $4.1B | $270.2M | ||
| Q3 24 | $3.9B | $291.3M | ||
| Q2 24 | $3.6B | $294.3M |
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 | — | $17.5M |
| 自由现金流经营现金流 - 资本支出 | — | $15.9M |
| 自由现金流率自由现金流/营收 | — | 19.6% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $12.3M |
8季度趋势，按日历期对齐
经营现金流FSBCLASR
| Q1 26 | — | — | ||
| Q4 25 | $72.6M | $17.5M | ||
| Q3 25 | $18.8M | $5.2M | ||
| Q2 25 | $17.8M | $-1.4M | ||
| Q1 25 | $15.5M | $-20.0K | ||
| Q4 24 | $51.8M | $-3.9M | ||
| Q3 24 | $17.5M | $-5.6M | ||
| Q2 24 | $16.0M | $-4.2M |
自由现金流FSBCLASR
| Q1 26 | — | — | ||
| Q4 25 | $71.4M | $15.9M | ||
| Q3 25 | $18.6M | $2.4M | ||
| Q2 25 | $17.5M | $-3.8M | ||
| Q1 25 | $15.4M | $-2.3M | ||
| Q4 24 | $51.2M | $-6.5M | ||
| Q3 24 | $17.3M | $-7.2M | ||
| Q2 24 | $15.8M | $-6.4M |
自由现金流率FSBCLASR
| Q1 26 | — | — | ||
| Q4 25 | 164.3% | 19.6% | ||
| Q3 25 | 45.0% | 3.7% | ||
| Q2 25 | 45.8% | -6.1% | ||
| Q1 25 | 43.5% | -4.5% | ||
| Q4 24 | 145.5% | -13.7% | ||
| Q3 24 | 54.5% | -12.9% | ||
| Q2 24 | 51.6% | -12.6% |
资本支出强度FSBCLASR
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 2.0% | ||
| Q3 25 | 0.5% | 4.2% | ||
| Q2 25 | 0.6% | 3.9% | ||
| Q1 25 | 0.3% | 4.4% | ||
| Q4 24 | 1.8% | 5.5% | ||
| Q3 24 | 0.7% | 2.9% | ||
| Q2 24 | 0.7% | 4.2% |
现金转化率FSBCLASR
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.18× | — | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.49× | — |
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
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
LASR
| Aerospaceand Defense | $56.3M | 69% |
| Microfabrication | $14.2M | 18% |
| Industrial | $10.7M | 13% |
