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景顺（IVR）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
景顺的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.3倍（$21.3M vs $16.4M），景顺净利率更高（242.2% vs -57.5%，领先299.8%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs 55.4%），过去两年景顺的营收复合增速更高（74.2% vs 45.7%）
景顺是一家美国独立投资管理公司，总部位于佐治亚州亚特兰大，在全球20个国家设有分支机构。景顺旗下拥有景顺、景顺 perpetual、PowerShares等多个品牌，其普通股纳入标普500指数，在纽约证券交易所挂牌交易。
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。
IVR vs LPTH — 直观对比
营收规模更大
IVR
是对方的1.3倍
$16.4M
营收增速更快
LPTH
高出64.8%
55.4%
净利率更高
IVR
高出299.8%
-57.5%
两年增速更快
IVR
近两年复合增速
45.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $21.3M | $16.4M |
| 净利润 | $51.5M | $-9.4M |
| 毛利率 | — | 36.8% |
| 营业利润率 | — | -52.6% |
| 净利率 | 242.2% | -57.5% |
| 营收同比 | 55.4% | 120.2% |
| 净利润同比 | 1368.7% | -260.1% |
| 每股收益（稀释后） | $0.72 | $-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IVRLPTH
| Q4 25 | $21.3M | $16.4M | ||
| Q3 25 | $17.6M | $15.1M | ||
| Q2 25 | $17.7M | $12.2M | ||
| Q1 25 | $18.8M | $9.2M | ||
| Q4 24 | $13.7M | $7.4M | ||
| Q3 24 | $7.5M | $8.4M | ||
| Q2 24 | $8.6M | $8.6M | ||
| Q1 24 | $7.0M | $7.7M |
净利润IVRLPTH
| Q4 25 | $51.5M | $-9.4M | ||
| Q3 25 | $53.5M | $-2.9M | ||
| Q2 25 | $-23.3M | $-7.1M | ||
| Q1 25 | $19.6M | $-3.6M | ||
| Q4 24 | $3.5M | $-2.6M | ||
| Q3 24 | $40.7M | $-1.6M | ||
| Q2 24 | $-13.5M | $-2.4M | ||
| Q1 24 | $29.1M | $-2.6M |
毛利率IVRLPTH
| 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IVRLPTH
| Q4 25 | — | -52.6% | ||
| Q3 25 | — | -16.6% | ||
| Q2 25 | — | -38.0% | ||
| Q1 25 | — | -36.3% | ||
| Q4 24 | — | -33.5% | ||
| Q3 24 | — | -16.4% | ||
| Q2 24 | — | -25.6% | ||
| Q1 24 | — | -33.6% |
净利率IVRLPTH
| Q4 25 | 242.2% | -57.5% | ||
| Q3 25 | 303.6% | -19.2% | ||
| Q2 25 | -131.6% | -57.8% | ||
| Q1 25 | 104.4% | -39.1% | ||
| Q4 24 | 25.6% | -35.2% | ||
| Q3 24 | 542.2% | -19.3% | ||
| Q2 24 | -155.9% | -27.3% | ||
| Q1 24 | 415.9% | -33.7% |
每股收益（稀释后）IVRLPTH
| Q4 25 | $0.72 | $-0.20 | ||
| Q3 25 | $0.74 | $-0.07 | ||
| Q2 25 | $-0.40 | $0.19 | ||
| Q1 25 | $0.26 | $-0.44 | ||
| Q4 24 | $-0.09 | $-0.07 | ||
| Q3 24 | $0.63 | $-0.04 | ||
| Q2 24 | $-0.38 | $-0.15 | ||
| Q1 24 | $0.49 | $-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 | $56.0M | $73.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $797.5M | $77.9M |
| 总资产 | $6.5B | $148.6M |
| 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IVRLPTH
| Q4 25 | $56.0M | $73.6M | ||
| Q3 25 | $58.5M | — | ||
| Q2 25 | $59.4M | $4.9M | ||
| Q1 25 | $42.9M | — | ||
| Q4 24 | $73.4M | — | ||
| Q3 24 | $48.3M | — | ||
| Q2 24 | $58.8M | — | ||
| Q1 24 | $59.9M | — |
总债务IVRLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $535.0K | ||
| Q1 24 | — | $599.4K |
股东权益IVRLPTH
| Q4 25 | $797.5M | $77.9M | ||
| Q3 25 | $769.6M | $21.4M | ||
| Q2 25 | $709.4M | $15.6M | ||
| Q1 25 | $759.2M | $15.7M | ||
| Q4 24 | $730.7M | $26.7M | ||
| Q3 24 | $857.0M | $29.4M | ||
| Q2 24 | $759.2M | $30.2M | ||
| Q1 24 | $785.6M | $31.7M |
总资产IVRLPTH
| Q4 25 | $6.5B | $148.6M | ||
| Q3 25 | $6.0B | $87.3M | ||
| Q2 25 | $5.4B | $81.5M | ||
| Q1 25 | $6.2B | $81.4M | ||
| Q4 24 | $5.7B | $45.8M | ||
| Q3 24 | $6.1B | $48.4M | ||
| Q2 24 | $5.1B | $48.1M | ||
| Q1 24 | $5.2B | $49.7M |
负债/权益比IVRLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 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 | $157.1M | $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 | 3.05× | — |
| 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IVRLPTH
| Q4 25 | $157.1M | $2.8M | ||
| Q3 25 | $37.3M | $-1.1M | ||
| Q2 25 | $40.6M | $-2.6M | ||
| Q1 25 | $19.3M | $-3.2M | ||
| Q4 24 | $183.2M | $-737.4K | ||
| Q3 24 | $30.8M | $-1.7M | ||
| Q2 24 | $33.0M | $64.7K | ||
| Q1 24 | $57.5M | $-394.2K |
自由现金流IVRLPTH
| 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IVRLPTH
| 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IVRLPTH
| 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IVRLPTH
| Q4 25 | 3.05× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 52.24× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.97× | — |
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
IVR
暂无分部数据
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
