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NLIGHT, INC.（LASR）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是NLIGHT, INC.的1.0倍（$81.3M vs $81.2M），NLIGHT, INC.净利率更高（-6.0% vs -72.8%，领先66.8%），NLIGHT, INC.同比增速更快（71.3% vs 32.6%），NLIGHT, INC.自由现金流更多（$15.9M vs $1.9M），过去两年NLIGHT, INC.的营收复合增速更高（35.0% vs 17.5%）
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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
LASR vs PL — 直观对比
营收规模更大
PL
是对方的1.0倍
$81.2M
营收增速更快
LASR
高出38.7%
32.6%
净利率更高
LASR
高出66.8%
-72.8%
自由现金流更多
LASR
多$14.0M
$1.9M
两年增速更快
LASR
近两年复合增速
17.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $81.2M | $81.3M |
| 净利润 | $-4.9M | $-59.2M |
| 毛利率 | 30.7% | 57.3% |
| 营业利润率 | -6.7% | -22.6% |
| 净利率 | -6.0% | -72.8% |
| 营收同比 | 71.3% | 32.6% |
| 净利润同比 | 80.3% | -194.7% |
| 每股收益（稀释后） | $-0.10 | $-0.19 |
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LASRPL
| Q4 25 | $81.2M | $81.3M | ||
| Q3 25 | $66.7M | $73.4M | ||
| Q2 25 | $61.7M | $66.3M | ||
| Q1 25 | $51.7M | $61.6M | ||
| Q4 24 | $47.4M | $61.3M | ||
| Q3 24 | $56.1M | $61.1M | ||
| Q2 24 | $50.5M | $60.4M | ||
| Q1 24 | $44.5M | $58.9M |
净利润LASRPL
| Q4 25 | $-4.9M | $-59.2M | ||
| Q3 25 | $-6.9M | $-22.6M | ||
| Q2 25 | $-3.6M | $-12.6M | ||
| Q1 25 | $-8.1M | $-35.2M | ||
| Q4 24 | $-25.0M | $-20.1M | ||
| Q3 24 | $-10.3M | $-38.7M | ||
| Q2 24 | $-11.7M | $-29.3M | ||
| Q1 24 | $-13.8M | $-30.1M |
毛利率LASRPL
| Q4 25 | 30.7% | 57.3% | ||
| Q3 25 | 31.1% | 57.6% | ||
| Q2 25 | 29.9% | 55.2% | ||
| Q1 25 | 26.7% | 62.1% | ||
| Q4 24 | 2.4% | 61.2% | ||
| Q3 24 | 22.4% | 52.9% | ||
| Q2 24 | 23.5% | 52.4% | ||
| Q1 24 | 16.8% | 55.2% |
营业利润率LASRPL
| Q4 25 | -6.7% | -22.6% | ||
| Q3 25 | -10.9% | -24.5% | ||
| Q2 25 | -6.9% | -34.4% | ||
| Q1 25 | -18.6% | -31.5% | ||
| Q4 24 | -55.8% | -36.9% | ||
| Q3 24 | -21.0% | -64.8% | ||
| Q2 24 | -25.1% | -57.2% | ||
| Q1 24 | -33.1% | -57.6% |
净利率LASRPL
| Q4 25 | -6.0% | -72.8% | ||
| Q3 25 | -10.3% | -30.8% | ||
| Q2 25 | -5.8% | -19.1% | ||
| Q1 25 | -15.7% | -57.1% | ||
| Q4 24 | -52.7% | -32.8% | ||
| Q3 24 | -18.4% | -63.3% | ||
| Q2 24 | -23.2% | -48.5% | ||
| Q1 24 | -30.9% | -51.1% |
每股收益（稀释后）LASRPL
| Q4 25 | $-0.10 | $-0.19 | ||
| Q3 25 | $-0.14 | $-0.07 | ||
| Q2 25 | $-0.07 | $-0.04 | ||
| Q1 25 | $-0.16 | $-0.12 | ||
| Q4 24 | $-0.52 | $-0.07 | ||
| Q3 24 | $-0.21 | $-0.13 | ||
| Q2 24 | $-0.25 | $-0.10 | ||
| Q1 24 | $-0.29 | $-0.10 |
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 | $443.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $226.7M | $349.6M |
| 总资产 | $315.2M | $1.1B |
| 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LASRPL
| Q4 25 | $98.7M | $443.3M | ||
| Q3 25 | $81.1M | $181.1M | ||
| Q2 25 | $78.8M | $133.5M | ||
| Q1 25 | $82.2M | $118.0M | ||
| Q4 24 | $65.8M | $139.0M | ||
| Q3 24 | $41.5M | $148.3M | ||
| Q2 24 | $49.4M | $107.4M | ||
| Q1 24 | $61.3M | $83.9M |
股东权益LASRPL
| Q4 25 | $226.7M | $349.6M | ||
| Q3 25 | $218.5M | $435.7M | ||
| Q2 25 | $216.0M | $444.8M | ||
| Q1 25 | $212.8M | $441.3M | ||
| Q4 24 | $216.4M | $464.6M | ||
| Q3 24 | $235.3M | $473.2M | ||
| Q2 24 | $239.5M | $500.3M | ||
| Q1 24 | $244.4M | $518.0M |
总资产LASRPL
| Q4 25 | $315.2M | $1.1B | ||
| Q3 25 | $298.7M | $696.4M | ||
| Q2 25 | $295.3M | $658.4M | ||
| Q1 25 | $290.0M | $633.8M | ||
| Q4 24 | $270.2M | $630.8M | ||
| Q3 24 | $291.3M | $658.4M | ||
| Q2 24 | $294.3M | $674.6M | ||
| Q1 24 | $302.8M | $702.0M |
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 | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $15.9M | $1.9M |
| 自由现金流率自由现金流/营收 | 19.6% | 2.3% |
| 资本支出强度资本支出/营收 | 2.0% | 32.9% |
| 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 | $40.7M |
8季度趋势，按日历期对齐
经营现金流LASRPL
| Q4 25 | $17.5M | $28.6M | ||
| Q3 25 | $5.2M | $67.8M | ||
| Q2 25 | $-1.4M | $17.3M | ||
| Q1 25 | $-20.0K | $-6.3M | ||
| Q4 24 | $-3.9M | $4.1M | ||
| Q3 24 | $-5.6M | $-7.9M | ||
| Q2 24 | $-4.2M | $-4.3M | ||
| Q1 24 | $11.4M | $-6.8M |
自由现金流LASRPL
| Q4 25 | $15.9M | $1.9M | ||
| Q3 25 | $2.4M | $47.5M | ||
| Q2 25 | $-3.8M | $9.2M | ||
| Q1 25 | $-2.3M | $-17.9M | ||
| Q4 24 | $-6.5M | $-3.6M | ||
| Q3 24 | $-7.2M | $-23.0M | ||
| Q2 24 | $-6.4M | $-14.2M | ||
| Q1 24 | $9.8M | $-15.7M |
自由现金流率LASRPL
| Q4 25 | 19.6% | 2.3% | ||
| Q3 25 | 3.7% | 64.7% | ||
| Q2 25 | -6.1% | 13.9% | ||
| Q1 25 | -4.5% | -29.1% | ||
| Q4 24 | -13.7% | -5.8% | ||
| Q3 24 | -12.9% | -37.6% | ||
| Q2 24 | -12.6% | -23.6% | ||
| Q1 24 | 22.1% | -26.7% |
资本支出强度LASRPL
| Q4 25 | 2.0% | 32.9% | ||
| Q3 25 | 4.2% | 27.6% | ||
| Q2 25 | 3.9% | 12.3% | ||
| Q1 25 | 4.4% | 18.9% | ||
| Q4 24 | 5.5% | 12.5% | ||
| Q3 24 | 2.9% | 24.8% | ||
| Q2 24 | 4.2% | 16.4% | ||
| Q1 24 | 3.5% | 15.1% |
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% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
