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Helmerich & Payne, Inc.（HP）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
Helmerich & Payne, Inc.的季度营收约是朗美通的1.5倍（$981.1M vs $665.5M），朗美通净利率更高（11.8% vs -9.9%，领先21.6%），朗美通同比增速更快（65.5% vs 45.4%），Helmerich & Payne, Inc.自由现金流更多（$114.9M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 19.7%）
Helmerich & Payne（简称H&P）是总部位于美国俄克拉荷马州塔尔萨的跨国石油钻探承包商，为油气勘探开发企业提供钻井及相关配套服务。公司1998年推出的FlexRigs系列钻井平台广泛应用于非常规页岩地层钻探作业，是全球最大的陆上钻探服务商之一。
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。
HP vs LITE — 直观对比
营收规模更大
HP
是对方的1.5倍
$665.5M
营收增速更快
LITE
高出20.0%
45.4%
净利率更高
LITE
高出21.6%
-9.9%
自由现金流更多
HP
多$71.8M
$43.1M
两年增速更快
LITE
近两年复合增速
19.7%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $981.1M | $665.5M |
| 净利润 | $-96.7M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | -6.1% | 9.7% |
| 净利率 | -9.9% | 11.8% |
| 营收同比 | 45.4% | 65.5% |
| 净利润同比 | -276.6% | 228.4% |
| 每股收益（稀释后） | $-0.98 | $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HPLITE
| Q4 25 | $981.1M | $665.5M | ||
| Q3 25 | $953.8M | $533.8M | ||
| Q2 25 | $1.0B | $480.7M | ||
| Q1 25 | $1.0B | $425.2M | ||
| Q4 24 | $674.6M | $402.2M | ||
| Q3 24 | $691.3M | $336.9M | ||
| Q2 24 | $695.1M | $308.3M | ||
| Q1 24 | $685.1M | $366.5M |
净利润HPLITE
| Q4 25 | $-96.7M | $78.2M | ||
| Q3 25 | $-57.4M | $4.2M | ||
| Q2 25 | $-162.8M | $213.3M | ||
| Q1 25 | $1.7M | $-44.1M | ||
| Q4 24 | $54.8M | $-60.9M | ||
| Q3 24 | $75.5M | $-82.4M | ||
| Q2 24 | $88.7M | $-252.5M | ||
| Q1 24 | $84.8M | $-127.0M |
毛利率HPLITE
| 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HPLITE
| Q4 25 | -6.1% | 9.7% | ||
| Q3 25 | -0.1% | 1.3% | ||
| Q2 25 | -12.4% | -1.7% | ||
| Q1 25 | 4.2% | -8.9% | ||
| Q4 24 | 13.3% | -12.8% | ||
| Q3 24 | 15.4% | -24.5% | ||
| Q2 24 | 16.0% | -43.3% | ||
| Q1 24 | 16.1% | -31.3% |
净利率HPLITE
| Q4 25 | -9.9% | 11.8% | ||
| Q3 25 | -6.0% | 0.8% | ||
| Q2 25 | -15.7% | 44.4% | ||
| Q1 25 | 0.2% | -10.4% | ||
| Q4 24 | 8.1% | -15.1% | ||
| Q3 24 | 10.9% | -24.5% | ||
| Q2 24 | 12.8% | -81.9% | ||
| Q1 24 | 12.4% | -34.7% |
每股收益（稀释后）HPLITE
| Q4 25 | $-0.98 | $0.89 | ||
| Q3 25 | $-0.57 | $0.05 | ||
| Q2 25 | $-1.64 | $3.10 | ||
| Q1 25 | $0.01 | $-0.64 | ||
| Q4 24 | $0.54 | $-0.88 | ||
| Q3 24 | $0.77 | $-1.21 | ||
| Q2 24 | $0.88 | $-3.75 | ||
| Q1 24 | $0.84 | $-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 | $269.0M | $1.2B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.7B | $846.6M |
| 总资产 | $6.5B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
现金及短期投资HPLITE
| Q4 25 | $269.0M | $1.2B | ||
| Q3 25 | $218.3M | $1.1B | ||
| Q2 25 | $187.4M | $877.1M | ||
| Q1 25 | $195.6M | $866.7M | ||
| Q4 24 | $526.5M | $896.7M | ||
| Q3 24 | $510.3M | $916.1M | ||
| Q2 24 | $289.7M | $887.0M | ||
| Q1 24 | $277.0M | $870.9M |
总债务HPLITE
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HPLITE
| Q4 25 | $2.7B | $846.6M | ||
| Q3 25 | $2.8B | $780.8M | ||
| Q2 25 | $2.9B | $1.1B | ||
| Q1 25 | $3.1B | $879.5M | ||
| Q4 24 | $2.9B | $872.3M | ||
| Q3 24 | $2.9B | $895.9M | ||
| Q2 24 | $2.9B | $957.3M | ||
| Q1 24 | $2.8B | $1.2B |
总资产HPLITE
| Q4 25 | $6.5B | $4.8B | ||
| Q3 25 | $6.7B | $4.6B | ||
| Q2 25 | $6.9B | $4.2B | ||
| Q1 25 | $7.2B | $4.0B | ||
| Q4 24 | $5.8B | $4.0B | ||
| Q3 24 | $5.8B | $4.0B | ||
| Q2 24 | $4.5B | $3.9B | ||
| Q1 24 | $4.4B | $4.2B |
负债/权益比HPLITE
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.61× | — | ||
| 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 | $182.4M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $114.9M | $43.1M |
| 自由现金流率自由现金流/营收 | 11.7% | 6.5% |
| 资本支出强度资本支出/营收 | 6.9% | 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 | $179.6M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流HPLITE
| Q4 25 | $182.4M | $126.7M | ||
| Q3 25 | $206.9M | $57.9M | ||
| Q2 25 | $121.6M | $64.0M | ||
| Q1 25 | $56.0M | $-1.6M | ||
| Q4 24 | $158.4M | $24.3M | ||
| Q3 24 | $168.8M | $39.6M | ||
| Q2 24 | $197.4M | $35.5M | ||
| Q1 24 | $143.7M | $-7.0M |
自由现金流HPLITE
| Q4 25 | $114.9M | $43.1M | ||
| Q3 25 | $142.8M | $-18.3M | ||
| Q2 25 | $24.6M | $10.1M | ||
| Q1 25 | $-102.7M | $-64.4M | ||
| Q4 24 | $51.9M | $-15.9M | ||
| Q3 24 | $62.8M | $-34.5M | ||
| Q2 24 | $63.0M | $10.9M | ||
| Q1 24 | $25.4M | $-26.6M |
自由现金流率HPLITE
| Q4 25 | 11.7% | 6.5% | ||
| Q3 25 | 15.0% | -3.4% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | -10.1% | -15.1% | ||
| Q4 24 | 7.7% | -4.0% | ||
| Q3 24 | 9.1% | -10.2% | ||
| Q2 24 | 9.1% | 3.5% | ||
| Q1 24 | 3.7% | -7.3% |
资本支出强度HPLITE
| Q4 25 | 6.9% | 12.6% | ||
| Q3 25 | 6.7% | 14.3% | ||
| Q2 25 | 9.3% | 11.2% | ||
| Q1 25 | 15.7% | 14.8% | ||
| Q4 24 | 15.8% | 10.0% | ||
| Q3 24 | 15.3% | 22.0% | ||
| Q2 24 | 19.3% | 8.0% | ||
| Q1 24 | 17.3% | 5.3% |
现金转化率HPLITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | 33.89× | — | ||
| Q4 24 | 2.89× | — | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 2.23× | — | ||
| Q1 24 | 1.69× | — |
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
HP
| North America Solutions | $563.6M | 57% |
| International Solutions Segment | $229.3M | 23% |
| Offshore Solutions | $188.3M | 19% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
