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NLIGHT, INC.（LASR）与MERCANTILE BANK CORP（MBWM）财务数据对比。点击上方公司名可切换其他公司
NLIGHT, INC.的季度营收约是MERCANTILE BANK CORP的1.2倍（$81.2M vs $67.6M），MERCANTILE BANK CORP净利率更高（33.6% vs -6.0%，领先39.6%），过去两年NLIGHT, INC.的营收复合增速更高（35.0% vs 9.1%）
nLight Inc.是全球领先的高性能半导体激光器、光纤激光器及相关光学组件研发生产商，产品广泛应用于工业精密制造、航空航天与国防、医疗设备、前沿研究等核心领域，客户遍及北美、欧洲及亚太地区。
泰米尔纳德商业银行（TMB）是一家印度银行，总部位于泰米尔纳德邦杜蒂戈林。该行始建于1921年，最初名为纳达尔银行，1962年11月更名为泰米尔纳德商业银行，以拓展纳达尔社群以外的业务。目前该银行在印度全境拥有600家全功能网点、12个区域办事处及各类配套服务中心与自助设施。
LASR vs MBWM — 直观对比
营收规模更大
LASR
是对方的1.2倍
$67.6M
净利率更高
MBWM
高出39.6%
-6.0%
两年增速更快
LASR
近两年复合增速
9.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $81.2M | $67.6M |
| 净利润 | $-4.9M | $22.7M |
| 毛利率 | 30.7% | — |
| 营业利润率 | -6.7% | — |
| 净利率 | -6.0% | 33.6% |
| 营收同比 | 71.3% | — |
| 净利润同比 | 80.3% | 16.1% |
| 每股收益（稀释后） | $-0.10 | $1.32 |
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LASRMBWM
| Q1 26 | — | $67.6M | ||
| Q4 25 | $81.2M | $62.1M | ||
| Q3 25 | $66.7M | $62.4M | ||
| Q2 25 | $61.7M | $60.9M | ||
| Q1 25 | $51.7M | $57.3M | ||
| Q4 24 | $47.4M | $58.5M | ||
| Q3 24 | $56.1M | $58.0M | ||
| Q2 24 | $50.5M | $56.8M |
净利润LASRMBWM
| Q1 26 | — | $22.7M | ||
| Q4 25 | $-4.9M | $22.8M | ||
| Q3 25 | $-6.9M | $23.8M | ||
| Q2 25 | $-3.6M | $22.6M | ||
| Q1 25 | $-8.1M | $19.5M | ||
| Q4 24 | $-25.0M | $19.6M | ||
| Q3 24 | $-10.3M | $19.6M | ||
| Q2 24 | $-11.7M | $18.8M |
毛利率LASRMBWM
| Q1 26 | — | — | ||
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 29.9% | — | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 23.5% | — |
营业利润率LASRMBWM
| Q1 26 | — | — | ||
| Q4 25 | -6.7% | 42.0% | ||
| Q3 25 | -10.9% | 44.0% | ||
| Q2 25 | -6.9% | 42.6% | ||
| Q1 25 | -18.6% | 42.0% | ||
| Q4 24 | -55.8% | 39.7% | ||
| Q3 24 | -21.0% | 42.4% | ||
| Q2 24 | -25.1% | 41.4% |
净利率LASRMBWM
| Q1 26 | — | 33.6% | ||
| Q4 25 | -6.0% | 36.8% | ||
| Q3 25 | -10.3% | 38.1% | ||
| Q2 25 | -5.8% | 37.1% | ||
| Q1 25 | -15.7% | 34.1% | ||
| Q4 24 | -52.7% | 33.5% | ||
| Q3 24 | -18.4% | 33.8% | ||
| Q2 24 | -23.2% | 33.1% |
每股收益（稀释后）LASRMBWM
| Q1 26 | — | $1.32 | ||
| Q4 25 | $-0.10 | $1.41 | ||
| Q3 25 | $-0.14 | $1.46 | ||
| Q2 25 | $-0.07 | $1.39 | ||
| Q1 25 | $-0.16 | $1.21 | ||
| Q4 24 | $-0.52 | $1.20 | ||
| Q3 24 | $-0.21 | $1.22 | ||
| Q2 24 | $-0.25 | $1.17 |
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 | $98.7M | — |
| 总债务越低越好 | — | $1.5M |
| 股东权益账面价值 | $226.7M | $736.9M |
| 总资产 | $315.2M | $6.9B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资LASRMBWM
| Q1 26 | — | — | ||
| Q4 25 | $98.7M | — | ||
| Q3 25 | $81.1M | — | ||
| Q2 25 | $78.8M | — | ||
| Q1 25 | $82.2M | — | ||
| Q4 24 | $65.8M | — | ||
| Q3 24 | $41.5M | — | ||
| Q2 24 | $49.4M | — |
总债务LASRMBWM
| Q1 26 | — | $1.5M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LASRMBWM
| Q1 26 | — | $736.9M | ||
| Q4 25 | $226.7M | $724.9M | ||
| Q3 25 | $218.5M | $657.6M | ||
| Q2 25 | $216.0M | $631.5M | ||
| Q1 25 | $212.8M | $608.3M | ||
| Q4 24 | $216.4M | $584.5M | ||
| Q3 24 | $235.3M | $583.3M | ||
| Q2 24 | $239.5M | $551.2M |
总资产LASRMBWM
| Q1 26 | — | $6.9B | ||
| Q4 25 | $315.2M | $6.8B | ||
| Q3 25 | $298.7M | $6.3B | ||
| Q2 25 | $295.3M | $6.2B | ||
| Q1 25 | $290.0M | $6.1B | ||
| Q4 24 | $270.2M | $6.1B | ||
| Q3 24 | $291.3M | $5.9B | ||
| Q2 24 | $294.3M | $5.6B |
负债/权益比LASRMBWM
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $17.5M | — |
| 自由现金流经营现金流 - 资本支出 | $15.9M | — |
| 自由现金流率自由现金流/营收 | 19.6% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $12.3M | — |
8季度趋势，按日历期对齐
经营现金流LASRMBWM
| Q1 26 | — | — | ||
| Q4 25 | $17.5M | $18.0M | ||
| Q3 25 | $5.2M | $23.1M | ||
| Q2 25 | $-1.4M | $-7.8M | ||
| Q1 25 | $-20.0K | $-3.0M | ||
| Q4 24 | $-3.9M | $101.1M | ||
| Q3 24 | $-5.6M | $-8.1M | ||
| Q2 24 | $-4.2M | $9.1M |
自由现金流LASRMBWM
| Q1 26 | — | — | ||
| Q4 25 | $15.9M | — | ||
| Q3 25 | $2.4M | — | ||
| Q2 25 | $-3.8M | — | ||
| Q1 25 | $-2.3M | — | ||
| Q4 24 | $-6.5M | — | ||
| Q3 24 | $-7.2M | — | ||
| Q2 24 | $-6.4M | — |
自由现金流率LASRMBWM
| Q1 26 | — | — | ||
| Q4 25 | 19.6% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | -6.1% | — | ||
| Q1 25 | -4.5% | — | ||
| Q4 24 | -13.7% | — | ||
| Q3 24 | -12.9% | — | ||
| Q2 24 | -12.6% | — |
资本支出强度LASRMBWM
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 4.2% | — |
现金转化率LASRMBWM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | -0.35× | ||
| Q1 25 | — | -0.15× | ||
| Q4 24 | — | 5.15× | ||
| Q3 24 | — | -0.41× | ||
| Q2 24 | — | 0.49× |
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
LASR
| Aerospaceand Defense | $56.3M | 69% |
| Microfabrication | $14.2M | 18% |
| Industrial | $10.7M | 13% |
MBWM
| Net Interest Income | $55.9M | 83% |
| Noninterest Income | $11.7M | 17% |
