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KinderCare Learning Companies, Inc.（KLC）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
KinderCare Learning Companies, Inc.的季度营收约是朗美通的1.0倍（$676.8M vs $665.5M），朗美通净利率更高（11.8% vs 0.7%，领先11.1%），朗美通同比增速更快（65.5% vs 0.8%），KinderCare Learning Companies, Inc.自由现金流更多（$62.6M vs $43.1M）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
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。
KLC vs LITE — 直观对比
营收规模更大
KLC
是对方的1.0倍
$665.5M
营收增速更快
LITE
高出64.7%
0.8%
净利率更高
LITE
高出11.1%
0.7%
自由现金流更多
KLC
多$19.5M
$43.1M
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $665.5M |
| 净利润 | $4.5M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 3.9% | 9.7% |
| 净利率 | 0.7% | 11.8% |
| 营收同比 | 0.8% | 65.5% |
| 净利润同比 | -67.4% | 228.4% |
| 每股收益（稀释后） | $0.04 | $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KLCLITE
| Q4 25 | — | $665.5M | ||
| Q3 25 | $676.8M | $533.8M | ||
| Q2 25 | $700.1M | $480.7M | ||
| Q1 25 | $668.2M | $425.2M | ||
| Q4 24 | $647.0M | $402.2M | ||
| Q3 24 | $671.5M | $336.9M | ||
| Q2 24 | — | $308.3M | ||
| Q1 24 | — | $366.5M |
净利润KLCLITE
| Q4 25 | — | $78.2M | ||
| Q3 25 | $4.5M | $4.2M | ||
| Q2 25 | $38.6M | $213.3M | ||
| Q1 25 | $21.2M | $-44.1M | ||
| Q4 24 | $-133.6M | $-60.9M | ||
| Q3 24 | $14.0M | $-82.4M | ||
| Q2 24 | — | $-252.5M | ||
| Q1 24 | — | $-127.0M |
毛利率KLCLITE
| 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KLCLITE
| Q4 25 | — | 9.7% | ||
| Q3 25 | 3.9% | 1.3% | ||
| Q2 25 | 9.8% | -1.7% | ||
| Q1 25 | 7.3% | -8.9% | ||
| Q4 24 | -13.8% | -12.8% | ||
| Q3 24 | 8.1% | -24.5% | ||
| Q2 24 | — | -43.3% | ||
| Q1 24 | — | -31.3% |
净利率KLCLITE
| Q4 25 | — | 11.8% | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | 5.5% | 44.4% | ||
| Q1 25 | 3.2% | -10.4% | ||
| Q4 24 | -20.6% | -15.1% | ||
| Q3 24 | 2.1% | -24.5% | ||
| Q2 24 | — | -81.9% | ||
| Q1 24 | — | -34.7% |
每股收益（稀释后）KLCLITE
| Q4 25 | — | $0.89 | ||
| Q3 25 | $0.04 | $0.05 | ||
| Q2 25 | $0.33 | $3.10 | ||
| Q1 25 | $0.18 | $-0.64 | ||
| Q4 24 | $-1.17 | $-0.88 | ||
| Q3 24 | $0.15 | $-1.21 | ||
| Q2 24 | — | $-3.75 | ||
| Q1 24 | — | $-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 | $174.7M | $1.2B |
| 总债务越低越好 | $930.9M | — |
| 股东权益账面价值 | $931.2M | $846.6M |
| 总资产 | $3.9B | $4.8B |
| 负债/权益比越低杠杆越低 | 1.00× | — |
8季度趋势，按日历期对齐
现金及短期投资KLCLITE
| Q4 25 | — | $1.2B | ||
| Q3 25 | $174.7M | $1.1B | ||
| Q2 25 | $119.0M | $877.1M | ||
| Q1 25 | $131.3M | $866.7M | ||
| Q4 24 | $62.3M | $896.7M | ||
| Q3 24 | $137.2M | $916.1M | ||
| Q2 24 | — | $887.0M | ||
| Q1 24 | — | $870.9M |
总债务KLCLITE
| Q4 25 | — | — | ||
| Q3 25 | $930.9M | — | ||
| Q2 25 | $926.5M | — | ||
| Q1 25 | $927.4M | — | ||
| Q4 24 | $926.0M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KLCLITE
| Q4 25 | — | $846.6M | ||
| Q3 25 | $931.2M | $780.8M | ||
| Q2 25 | $924.3M | $1.1B | ||
| Q1 25 | $884.9M | $879.5M | ||
| Q4 24 | $864.5M | $872.3M | ||
| Q3 24 | $235.6M | $895.9M | ||
| Q2 24 | — | $957.3M | ||
| Q1 24 | — | $1.2B |
总资产KLCLITE
| Q4 25 | — | $4.8B | ||
| Q3 25 | $3.9B | $4.6B | ||
| Q2 25 | $3.8B | $4.2B | ||
| Q1 25 | $3.7B | $4.0B | ||
| Q4 24 | $3.6B | $4.0B | ||
| Q3 24 | $3.7B | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $4.2B |
负债/权益比KLCLITE
| Q4 25 | — | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 6.42× | — | ||
| 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 | $100.8M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $62.6M | $43.1M |
| 自由现金流率自由现金流/营收 | 9.2% | 6.5% |
| 资本支出强度资本支出/营收 | 5.6% | 12.6% |
| 现金转化率经营现金流/净利润 | 22.15× | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $-29.5M |
8季度趋势，按日历期对齐
经营现金流KLCLITE
| Q4 25 | — | $126.7M | ||
| Q3 25 | $100.8M | $57.9M | ||
| Q2 25 | $35.0M | $64.0M | ||
| Q1 25 | $98.4M | $-1.6M | ||
| Q4 24 | — | $24.3M | ||
| Q3 24 | — | $39.6M | ||
| Q2 24 | — | $35.5M | ||
| Q1 24 | — | $-7.0M |
自由现金流KLCLITE
| Q4 25 | — | $43.1M | ||
| Q3 25 | $62.6M | $-18.3M | ||
| Q2 25 | $671.0K | $10.1M | ||
| Q1 25 | $75.1M | $-64.4M | ||
| Q4 24 | — | $-15.9M | ||
| Q3 24 | — | $-34.5M | ||
| Q2 24 | — | $10.9M | ||
| Q1 24 | — | $-26.6M |
自由现金流率KLCLITE
| Q4 25 | — | 6.5% | ||
| Q3 25 | 9.2% | -3.4% | ||
| Q2 25 | 0.1% | 2.1% | ||
| Q1 25 | 11.2% | -15.1% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -10.2% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | -7.3% |
资本支出强度KLCLITE
| Q4 25 | — | 12.6% | ||
| Q3 25 | 5.6% | 14.3% | ||
| Q2 25 | 4.9% | 11.2% | ||
| Q1 25 | 3.5% | 14.8% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 5.3% |
现金转化率KLCLITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | 22.15× | 13.79× | ||
| Q2 25 | 0.91× | 0.30× | ||
| Q1 25 | 4.65× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
