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Ladder Capital Corp（LADR）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
Ladder Capital Corp的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.4倍（$22.3M vs $16.4M），Ladder Capital Corp净利率更高（71.0% vs -57.5%，领先128.6%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs -18.0%），Ladder Capital Corp自由现金流更多（$78.7M vs $2.0M），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs -22.5%）
Ladder Capital Corp是一家总部位于美国的领先商业地产金融机构，核心业务包括发放优先级商业抵押贷款、夹层债务，投资商业地产抵押担保证券及直接持有商业地产资产，服务覆盖美国多地的地产所有者、运营商与开发商。
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。
LADR vs LPTH — 直观对比
营收规模更大
LADR
是对方的1.4倍
$16.4M
营收增速更快
LPTH
高出138.2%
-18.0%
净利率更高
LADR
高出128.6%
-57.5%
自由现金流更多
LADR
多$76.7M
$2.0M
两年增速更快
LPTH
近两年复合增速
-22.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $22.3M | $16.4M |
| 净利润 | $15.9M | $-9.4M |
| 毛利率 | — | 36.8% |
| 营业利润率 | 69.5% | -52.6% |
| 净利率 | 71.0% | -57.5% |
| 营收同比 | -18.0% | 120.2% |
| 净利润同比 | -49.4% | -260.1% |
| 每股收益（稀释后） | $0.13 | $-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LADRLPTH
| Q4 25 | $22.3M | $16.4M | ||
| Q3 25 | $27.8M | $15.1M | ||
| Q2 25 | $21.5M | $12.2M | ||
| Q1 25 | $20.3M | $9.2M | ||
| Q4 24 | $27.2M | $7.4M | ||
| Q3 24 | $38.4M | $8.4M | ||
| Q2 24 | $34.3M | $8.6M | ||
| Q1 24 | $37.1M | $7.7M |
净利润LADRLPTH
| Q4 25 | $15.9M | $-9.4M | ||
| Q3 25 | $19.2M | $-2.9M | ||
| Q2 25 | $17.1M | $-7.1M | ||
| Q1 25 | $11.6M | $-3.6M | ||
| Q4 24 | $31.3M | $-2.6M | ||
| Q3 24 | $27.6M | $-1.6M | ||
| Q2 24 | $32.1M | $-2.4M | ||
| Q1 24 | $16.4M | $-2.6M |
毛利率LADRLPTH
| 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LADRLPTH
| Q4 25 | 69.5% | -52.6% | ||
| Q3 25 | 72.4% | -16.6% | ||
| Q2 25 | 96.7% | -38.0% | ||
| Q1 25 | 52.7% | -36.3% | ||
| Q4 24 | — | -33.5% | ||
| Q3 24 | 74.1% | -16.4% | ||
| Q2 24 | 90.4% | -25.6% | ||
| Q1 24 | 49.4% | -33.6% |
净利率LADRLPTH
| Q4 25 | 71.0% | -57.5% | ||
| Q3 25 | 69.0% | -19.2% | ||
| Q2 25 | 79.5% | -57.8% | ||
| Q1 25 | 56.8% | -39.1% | ||
| Q4 24 | 115.1% | -35.2% | ||
| Q3 24 | 71.7% | -19.3% | ||
| Q2 24 | 93.6% | -27.3% | ||
| Q1 24 | 44.2% | -33.7% |
每股收益（稀释后）LADRLPTH
| Q4 25 | $0.13 | $-0.20 | ||
| Q3 25 | $0.15 | $-0.07 | ||
| Q2 25 | $0.14 | $0.19 | ||
| Q1 25 | $0.09 | $-0.44 | ||
| Q4 24 | $0.25 | $-0.07 | ||
| Q3 24 | $0.22 | $-0.04 | ||
| Q2 24 | $0.26 | $-0.15 | ||
| Q1 24 | $0.13 | $-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 | $38.0M | $73.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $77.9M |
| 总资产 | $5.2B | $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LADRLPTH
| Q4 25 | $38.0M | $73.6M | ||
| Q3 25 | $49.4M | — | ||
| Q2 25 | $134.9M | $4.9M | ||
| Q1 25 | $479.8M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
总债务LADRLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $535.0K | ||
| Q1 24 | — | $599.4K |
股东权益LADRLPTH
| Q4 25 | $1.5B | $77.9M | ||
| Q3 25 | $1.5B | $21.4M | ||
| Q2 25 | $1.5B | $15.6M | ||
| Q1 25 | $1.5B | $15.7M | ||
| Q4 24 | $1.5B | $26.7M | ||
| Q3 24 | $1.5B | $29.4M | ||
| Q2 24 | $1.5B | $30.2M | ||
| Q1 24 | $1.5B | $31.7M |
总资产LADRLPTH
| Q4 25 | $5.2B | $148.6M | ||
| Q3 25 | $4.7B | $87.3M | ||
| Q2 25 | $4.5B | $81.5M | ||
| Q1 25 | $4.5B | $81.4M | ||
| Q4 24 | $4.8B | $45.8M | ||
| Q3 24 | $4.8B | $48.4M | ||
| Q2 24 | $4.8B | $48.1M | ||
| Q1 24 | $5.3B | $49.7M |
负债/权益比LADRLPTH
| 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 | $87.0M | $2.8M |
| 自由现金流经营现金流 - 资本支出 | $78.7M | $2.0M |
| 自由现金流率自由现金流/营收 | 352.4% | 12.0% |
| 资本支出强度资本支出/营收 | 37.4% | 5.3% |
| 现金转化率经营现金流/净利润 | 5.49× | — |
| 过去12个月自由现金流最近4个季度 | $118.3M | $-6.3M |
8季度趋势，按日历期对齐
经营现金流LADRLPTH
| Q4 25 | $87.0M | $2.8M | ||
| Q3 25 | $26.3M | $-1.1M | ||
| Q2 25 | $44.0M | $-2.6M | ||
| Q1 25 | $-28.7M | $-3.2M | ||
| Q4 24 | $133.9M | $-737.4K | ||
| Q3 24 | $169.0M | $-1.7M | ||
| Q2 24 | $45.4M | $64.7K | ||
| Q1 24 | $-20.4M | $-394.2K |
自由现金流LADRLPTH
| Q4 25 | $78.7M | $2.0M | ||
| Q3 25 | $25.9M | $-1.2M | ||
| Q2 25 | $43.4M | $-3.3M | ||
| Q1 25 | $-29.6M | $-3.7M | ||
| Q4 24 | $127.4M | $-817.8K | ||
| Q3 24 | $166.0M | $-1.8M | ||
| Q2 24 | $44.9M | $-225.5K | ||
| Q1 24 | $-21.7M | $-802.5K |
自由现金流率LADRLPTH
| Q4 25 | 352.4% | 12.0% | ||
| Q3 25 | 93.1% | -8.1% | ||
| Q2 25 | 201.6% | -27.3% | ||
| Q1 25 | -145.6% | -40.0% | ||
| Q4 24 | 468.2% | -11.0% | ||
| Q3 24 | 432.1% | -21.2% | ||
| Q2 24 | 131.0% | -2.6% | ||
| Q1 24 | -58.6% | -10.4% |
资本支出强度LADRLPTH
| Q4 25 | 37.4% | 5.3% | ||
| Q3 25 | 1.7% | 0.5% | ||
| Q2 25 | 2.9% | 5.6% | ||
| Q1 25 | 4.3% | 4.6% | ||
| Q4 24 | 23.9% | 1.1% | ||
| Q3 24 | 7.8% | 0.9% | ||
| Q2 24 | 1.3% | 3.4% | ||
| Q1 24 | 3.7% | 5.3% |
现金转化率LADRLPTH
| Q4 25 | 5.49× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | -2.49× | — | ||
| Q4 24 | 4.27× | — | ||
| Q3 24 | 6.13× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | -1.24× | — |
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
LADR
暂无分部数据
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
