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Loews Corporation（L）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
Loews Corporation的季度营收约是朗美通的1.2倍（$827.0M vs $665.5M），Loews Corporation净利率更高（48.6% vs 11.8%，领先36.9%），朗美通同比增速更快（65.5% vs 4.8%），Loews Corporation自由现金流更多（$426.0M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 7.9%）
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
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。
L vs LITE — 直观对比
营收规模更大
L
是对方的1.2倍
$665.5M
营收增速更快
LITE
高出60.6%
4.8%
净利率更高
L
高出36.9%
11.8%
自由现金流更多
L
多$382.9M
$43.1M
两年增速更快
LITE
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $827.0M | $665.5M |
| 净利润 | $402.0M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 65.4% | 9.7% |
| 净利率 | 48.6% | 11.8% |
| 营收同比 | 4.8% | 65.5% |
| 净利润同比 | 115.0% | 228.4% |
| 每股收益（稀释后） | $1.93 | $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LLITE
| Q4 25 | $827.0M | $665.5M | ||
| Q3 25 | $732.0M | $533.8M | ||
| Q2 25 | $769.0M | $480.7M | ||
| Q1 25 | $846.0M | $425.2M | ||
| Q4 24 | $789.0M | $402.2M | ||
| Q3 24 | $683.0M | $336.9M | ||
| Q2 24 | $711.0M | $308.3M | ||
| Q1 24 | $710.0M | $366.5M |
净利润LLITE
| Q4 25 | $402.0M | $78.2M | ||
| Q3 25 | $504.0M | $4.2M | ||
| Q2 25 | $391.0M | $213.3M | ||
| Q1 25 | $370.0M | $-44.1M | ||
| Q4 24 | $187.0M | $-60.9M | ||
| Q3 24 | $401.0M | $-82.4M | ||
| Q2 24 | $369.0M | $-252.5M | ||
| Q1 24 | $457.0M | $-127.0M |
毛利率LLITE
| 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LLITE
| Q4 25 | 65.4% | 9.7% | ||
| Q3 25 | 94.1% | 1.3% | ||
| Q2 25 | 70.1% | -1.7% | ||
| Q1 25 | 60.8% | -8.9% | ||
| Q4 24 | 23.8% | -12.8% | ||
| Q3 24 | 80.5% | -24.5% | ||
| Q2 24 | 71.3% | -43.3% | ||
| Q1 24 | 88.6% | -31.3% |
净利率LLITE
| Q4 25 | 48.6% | 11.8% | ||
| Q3 25 | 68.9% | 0.8% | ||
| Q2 25 | 50.8% | 44.4% | ||
| Q1 25 | 43.7% | -10.4% | ||
| Q4 24 | 23.7% | -15.1% | ||
| Q3 24 | 58.7% | -24.5% | ||
| Q2 24 | 51.9% | -81.9% | ||
| Q1 24 | 64.4% | -34.7% |
每股收益（稀释后）LLITE
| Q4 25 | $1.93 | $0.89 | ||
| Q3 25 | $2.43 | $0.05 | ||
| Q2 25 | $1.87 | $3.10 | ||
| Q1 25 | $1.74 | $-0.64 | ||
| Q4 24 | $0.87 | $-0.88 | ||
| Q3 24 | $1.82 | $-1.21 | ||
| Q2 24 | $1.67 | $-3.75 | ||
| Q1 24 | $2.05 | $-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 | $6.0B | $1.2B |
| 总债务越低越好 | $8.4B | — |
| 股东权益账面价值 | $18.7B | $846.6M |
| 总资产 | $86.3B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资LLITE
| Q4 25 | $6.0B | $1.2B | ||
| Q3 25 | $5.4B | $1.1B | ||
| Q2 25 | $4.5B | $877.1M | ||
| Q1 25 | $4.4B | $866.7M | ||
| Q4 24 | $4.6B | $896.7M | ||
| Q3 24 | $5.2B | $916.1M | ||
| Q2 24 | $4.9B | $887.0M | ||
| Q1 24 | $5.4B | $870.9M |
总债务LLITE
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | $8.8B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.4B | — |
股东权益LLITE
| Q4 25 | $18.7B | $846.6M | ||
| Q3 25 | $18.3B | $780.8M | ||
| Q2 25 | $17.5B | $1.1B | ||
| Q1 25 | $17.2B | $879.5M | ||
| Q4 24 | $17.1B | $872.3M | ||
| Q3 24 | $17.4B | $895.9M | ||
| Q2 24 | $16.4B | $957.3M | ||
| Q1 24 | $16.2B | $1.2B |
总资产LLITE
| Q4 25 | $86.3B | $4.8B | ||
| Q3 25 | $85.9B | $4.6B | ||
| Q2 25 | $84.7B | $4.2B | ||
| Q1 25 | $83.1B | $4.0B | ||
| Q4 24 | $81.9B | $4.0B | ||
| Q3 24 | $83.6B | $4.0B | ||
| Q2 24 | $81.1B | $3.9B | ||
| Q1 24 | $80.9B | $4.2B |
负债/权益比LLITE
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.52× | — | ||
| Q1 24 | 0.52× | — |
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 | $617.0M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $426.0M | $43.1M |
| 自由现金流率自由现金流/营收 | 51.5% | 6.5% |
| 资本支出强度资本支出/营收 | 23.1% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.53× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $2.7B | $-29.5M |
8季度趋势，按日历期对齐
经营现金流LLITE
| Q4 25 | $617.0M | $126.7M | ||
| Q3 25 | $920.0M | $57.9M | ||
| Q2 25 | $1.0B | $64.0M | ||
| Q1 25 | $736.0M | $-1.6M | ||
| Q4 24 | $941.0M | $24.3M | ||
| Q3 24 | $934.0M | $39.6M | ||
| Q2 24 | $952.0M | $35.5M | ||
| Q1 24 | $198.0M | $-7.0M |
自由现金流LLITE
| Q4 25 | $426.0M | $43.1M | ||
| Q3 25 | $764.0M | $-18.3M | ||
| Q2 25 | $872.0M | $10.1M | ||
| Q1 25 | $638.0M | $-64.4M | ||
| Q4 24 | $767.0M | $-15.9M | ||
| Q3 24 | $794.0M | $-34.5M | ||
| Q2 24 | $793.0M | $10.9M | ||
| Q1 24 | $39.0M | $-26.6M |
自由现金流率LLITE
| Q4 25 | 51.5% | 6.5% | ||
| Q3 25 | 104.4% | -3.4% | ||
| Q2 25 | 113.4% | 2.1% | ||
| Q1 25 | 75.4% | -15.1% | ||
| Q4 24 | 97.2% | -4.0% | ||
| Q3 24 | 116.3% | -10.2% | ||
| Q2 24 | 111.5% | 3.5% | ||
| Q1 24 | 5.5% | -7.3% |
资本支出强度LLITE
| Q4 25 | 23.1% | 12.6% | ||
| Q3 25 | 21.3% | 14.3% | ||
| Q2 25 | 17.4% | 11.2% | ||
| Q1 25 | 11.6% | 14.8% | ||
| Q4 24 | 22.1% | 10.0% | ||
| Q3 24 | 20.5% | 22.0% | ||
| Q2 24 | 22.4% | 8.0% | ||
| Q1 24 | 22.4% | 5.3% |
现金转化率LLITE
| Q4 25 | 1.53× | 1.62× | ||
| Q3 25 | 1.83× | 13.79× | ||
| Q2 25 | 2.57× | 0.30× | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 5.03× | — | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 2.58× | — | ||
| Q1 24 | 0.43× | — |
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
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
