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因美纳（ILMN）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
因美纳的季度营收约是朗美通的1.6倍（$1.1B vs $665.5M），因美纳净利率更高（12.3% vs 11.8%，领先0.5%），朗美通同比增速更快（65.5% vs 4.8%），因美纳自由现金流更多（$251.0M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs -1.3%）
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
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。
ILMN vs LITE — 直观对比
营收规模更大
ILMN
是对方的1.6倍
$665.5M
营收增速更快
LITE
高出60.7%
4.8%
净利率更高
ILMN
高出0.5%
11.8%
自由现金流更多
ILMN
多$207.9M
$43.1M
两年增速更快
LITE
近两年复合增速
-1.3%
损益表 — Q1 FY2027 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $665.5M |
| 净利润 | $134.0M | $78.2M |
| 毛利率 | 66.1% | 36.1% |
| 营业利润率 | 19.2% | 9.7% |
| 净利率 | 12.3% | 11.8% |
| 营收同比 | 4.8% | 65.5% |
| 净利润同比 | — | 228.4% |
| 每股收益（稀释后） | $0.87 | $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ILMNLITE
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $665.5M | ||
| Q3 25 | — | $533.8M | ||
| Q2 25 | — | $480.7M | ||
| Q1 25 | — | $425.2M | ||
| Q4 24 | $1.1B | $402.2M | ||
| Q3 24 | $1.1B | $336.9M | ||
| Q2 24 | $1.1B | $308.3M |
净利润ILMNLITE
| Q1 26 | $134.0M | — | ||
| Q4 25 | $334.0M | $78.2M | ||
| Q3 25 | — | $4.2M | ||
| Q2 25 | — | $213.3M | ||
| Q1 25 | — | $-44.1M | ||
| Q4 24 | $186.0M | $-60.9M | ||
| Q3 24 | $705.0M | $-82.4M | ||
| Q2 24 | $-2.0B | $-252.5M |
毛利率ILMNLITE
| Q1 26 | 66.1% | — | ||
| Q4 25 | 65.5% | 36.1% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | 65.9% | 24.8% | ||
| Q3 24 | 69.0% | 23.1% | ||
| Q2 24 | 64.8% | 16.6% |
营业利润率ILMNLITE
| Q1 26 | 19.2% | — | ||
| Q4 25 | 17.4% | 9.7% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | -1.7% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | 15.8% | -12.8% | ||
| Q3 24 | 68.6% | -24.5% | ||
| Q2 24 | -147.2% | -43.3% |
净利率ILMNLITE
| Q1 26 | 12.3% | — | ||
| Q4 25 | 28.8% | 11.8% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 44.4% | ||
| Q1 25 | — | -10.4% | ||
| Q4 24 | 16.8% | -15.1% | ||
| Q3 24 | 65.3% | -24.5% | ||
| Q2 24 | -178.8% | -81.9% |
每股收益（稀释后）ILMNLITE
| Q1 26 | $0.87 | — | ||
| Q4 25 | $2.16 | $0.89 | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | — | $3.10 | ||
| Q1 25 | — | $-0.64 | ||
| Q4 24 | $1.16 | $-0.88 | ||
| Q3 24 | $4.42 | $-1.21 | ||
| Q2 24 | $-12.48 | $-3.75 |
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 | $1.2B | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $846.6M |
| 总资产 | $6.6B | $4.8B |
| 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ILMNLITE
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $877.1M | ||
| Q1 25 | — | $866.7M | ||
| Q4 24 | $93.0M | $896.7M | ||
| Q3 24 | $70.0M | $916.1M | ||
| Q2 24 | $74.0M | $887.0M |
股东权益ILMNLITE
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $846.6M | ||
| Q3 25 | — | $780.8M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $879.5M | ||
| Q4 24 | $2.4B | $872.3M | ||
| Q3 24 | $2.1B | $895.9M | ||
| Q2 24 | $1.4B | $957.3M |
总资产ILMNLITE
| Q1 26 | $6.6B | — | ||
| Q4 25 | $6.6B | $4.8B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | $6.3B | $4.0B | ||
| Q3 24 | $6.0B | $4.0B | ||
| Q2 24 | $6.1B | $3.9B |
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 | $289.0M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $251.0M | $43.1M |
| 自由现金流率自由现金流/营收 | 23.0% | 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 | 2.16× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $-29.5M |
8季度趋势，按日历期对齐
经营现金流ILMNLITE
| Q1 26 | $289.0M | — | ||
| Q4 25 | $321.0M | $126.7M | ||
| Q3 25 | — | $57.9M | ||
| Q2 25 | — | $64.0M | ||
| Q1 25 | — | $-1.6M | ||
| Q4 24 | $364.0M | $24.3M | ||
| Q3 24 | $316.0M | $39.6M | ||
| Q2 24 | $80.0M | $35.5M |
自由现金流ILMNLITE
| Q1 26 | $251.0M | — | ||
| Q4 25 | $267.0M | $43.1M | ||
| Q3 25 | — | $-18.3M | ||
| Q2 25 | — | $10.1M | ||
| Q1 25 | — | $-64.4M | ||
| Q4 24 | $335.0M | $-15.9M | ||
| Q3 24 | $284.0M | $-34.5M | ||
| Q2 24 | $49.0M | $10.9M |
自由现金流率ILMNLITE
| Q1 26 | 23.0% | — | ||
| Q4 25 | 23.0% | 6.5% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | -15.1% | ||
| Q4 24 | 30.3% | -4.0% | ||
| Q3 24 | 26.3% | -10.2% | ||
| Q2 24 | 4.4% | 3.5% |
资本支出强度ILMNLITE
| Q1 26 | — | — | ||
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | 2.6% | 10.0% | ||
| Q3 24 | 3.0% | 22.0% | ||
| Q2 24 | 2.8% | 8.0% |
现金转化率ILMNLITE
| Q1 26 | 2.16× | — | ||
| Q4 25 | 0.96× | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | — | — |
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
ILMN
| Product revenue | $917.0M | 84% |
| Service and other revenue | $174.0M | 16% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
