vs
NLIGHT, INC.（LASR）与READING INTERNATIONAL INC（RDI）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READING INTERNATIONAL INC的1.6倍（$81.2M vs $50.3M），READING INTERNATIONAL INC净利率更高（-5.1% vs -6.0%，领先0.9%），NLIGHT, INC.同比增速更快（71.3% vs -14.2%），NLIGHT, INC.自由现金流更多（$15.9M vs $4.1M），过去两年NLIGHT, INC.的营收复合增速更高（35.0% vs 5.6%）
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。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
LASR vs RDI — 直观对比
营收规模更大
LASR
是对方的1.6倍
$50.3M
营收增速更快
LASR
高出85.5%
-14.2%
净利率更高
RDI
高出0.9%
-6.0%
自由现金流更多
LASR
多$11.8M
$4.1M
两年增速更快
LASR
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.2M | $50.3M |
| 净利润 | $-4.9M | $-2.6M |
| 毛利率 | 30.7% | — |
| 营业利润率 | -6.7% | -1.9% |
| 净利率 | -6.0% | -5.1% |
| 营收同比 | 71.3% | -14.2% |
| 净利润同比 | 80.3% | -14.5% |
| 每股收益（稀释后） | $-0.10 | $-0.11 |
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LASRRDI
| Q4 25 | $81.2M | $50.3M | ||
| Q3 25 | $66.7M | $52.2M | ||
| Q2 25 | $61.7M | $60.4M | ||
| Q1 25 | $51.7M | $40.2M | ||
| Q4 24 | $47.4M | $58.6M | ||
| Q3 24 | $56.1M | $60.1M | ||
| Q2 24 | $50.5M | $46.8M | ||
| Q1 24 | $44.5M | $45.1M |
净利润LASRRDI
| Q4 25 | $-4.9M | $-2.6M | ||
| Q3 25 | $-6.9M | $-4.2M | ||
| Q2 25 | $-3.6M | $-2.7M | ||
| Q1 25 | $-8.1M | $-4.8M | ||
| Q4 24 | $-25.0M | $-2.2M | ||
| Q3 24 | $-10.3M | $-7.0M | ||
| Q2 24 | $-11.7M | $-12.8M | ||
| Q1 24 | $-13.8M | $-13.2M |
毛利率LASRRDI
| 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% | — | ||
| Q1 24 | 16.8% | — |
营业利润率LASRRDI
| Q4 25 | -6.7% | -1.9% | ||
| Q3 25 | -10.9% | -0.6% | ||
| Q2 25 | -6.9% | 4.8% | ||
| Q1 25 | -18.6% | -17.2% | ||
| Q4 24 | -55.8% | 2.6% | ||
| Q3 24 | -21.0% | -0.6% | ||
| Q2 24 | -25.1% | -16.4% | ||
| Q1 24 | -33.1% | -16.7% |
净利率LASRRDI
| Q4 25 | -6.0% | -5.1% | ||
| Q3 25 | -10.3% | -8.0% | ||
| Q2 25 | -5.8% | -4.4% | ||
| Q1 25 | -15.7% | -11.8% | ||
| Q4 24 | -52.7% | -3.8% | ||
| Q3 24 | -18.4% | -11.7% | ||
| Q2 24 | -23.2% | -27.4% | ||
| Q1 24 | -30.9% | -29.4% |
每股收益（稀释后）LASRRDI
| Q4 25 | $-0.10 | $-0.11 | ||
| Q3 25 | $-0.14 | $-0.18 | ||
| Q2 25 | $-0.07 | $-0.12 | ||
| Q1 25 | $-0.16 | $-0.21 | ||
| Q4 24 | $-0.52 | $-0.11 | ||
| Q3 24 | $-0.21 | $-0.31 | ||
| Q2 24 | $-0.25 | $-0.57 | ||
| Q1 24 | $-0.29 | $-0.59 |
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 | $10.5M |
| 总债务越低越好 | — | $185.1M |
| 股东权益账面价值 | $226.7M | $-18.2M |
| 总资产 | $315.2M | $434.9M |
| 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LASRRDI
| Q4 25 | $98.7M | $10.5M | ||
| Q3 25 | $81.1M | $8.1M | ||
| Q2 25 | $78.8M | $9.1M | ||
| Q1 25 | $82.2M | $5.9M | ||
| Q4 24 | $65.8M | $12.4M | ||
| Q3 24 | $41.5M | $10.1M | ||
| Q2 24 | $49.4M | $9.3M | ||
| Q1 24 | $61.3M | $7.5M |
总债务LASRRDI
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LASRRDI
| Q4 25 | $226.7M | $-18.2M | ||
| Q3 25 | $218.5M | $-12.1M | ||
| Q2 25 | $216.0M | $-7.7M | ||
| Q1 25 | $212.8M | $-8.1M | ||
| Q4 24 | $216.4M | $-4.4M | ||
| Q3 24 | $235.3M | $1.6M | ||
| Q2 24 | $239.5M | $6.5M | ||
| Q1 24 | $244.4M | $18.0M |
总资产LASRRDI
| Q4 25 | $315.2M | $434.9M | ||
| Q3 25 | $298.7M | $435.2M | ||
| Q2 25 | $295.3M | $438.1M | ||
| Q1 25 | $290.0M | $441.0M | ||
| Q4 24 | $270.2M | $471.0M | ||
| Q3 24 | $291.3M | $495.7M | ||
| Q2 24 | $294.3M | $494.9M | ||
| Q1 24 | $302.8M | $494.9M |
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 | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $15.9M | $4.1M |
| 自由现金流率自由现金流/营收 | 19.6% | 8.2% |
| 资本支出强度资本支出/营收 | 2.0% | 0.3% |
| 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 | $-2.9M |
8季度趋势，按日历期对齐
经营现金流LASRRDI
| Q4 25 | $17.5M | $4.3M | ||
| Q3 25 | $5.2M | $295.0K | ||
| Q2 25 | $-1.4M | $1.6M | ||
| Q1 25 | $-20.0K | $-7.7M | ||
| Q4 24 | $-3.9M | $8.0M | ||
| Q3 24 | $-5.6M | $1.3M | ||
| Q2 24 | $-4.2M | $-10.4M | ||
| Q1 24 | $11.4M | $-2.8M |
自由现金流LASRRDI
| Q4 25 | $15.9M | $4.1M | ||
| Q3 25 | $2.4M | $-246.0K | ||
| Q2 25 | $-3.8M | $1.2M | ||
| Q1 25 | $-2.3M | $-8.0M | ||
| Q4 24 | $-6.5M | $7.0M | ||
| Q3 24 | $-7.2M | $-1.1M | ||
| Q2 24 | $-6.4M | $-10.6M | ||
| Q1 24 | $9.8M | $-4.7M |
自由现金流率LASRRDI
| Q4 25 | 19.6% | 8.2% | ||
| Q3 25 | 3.7% | -0.5% | ||
| Q2 25 | -6.1% | 1.9% | ||
| Q1 25 | -4.5% | -19.8% | ||
| Q4 24 | -13.7% | 12.0% | ||
| Q3 24 | -12.9% | -1.8% | ||
| Q2 24 | -12.6% | -22.7% | ||
| Q1 24 | 22.1% | -10.4% |
资本支出强度LASRRDI
| Q4 25 | 2.0% | 0.3% | ||
| Q3 25 | 4.2% | 1.0% | ||
| Q2 25 | 3.9% | 0.6% | ||
| Q1 25 | 4.4% | 0.6% | ||
| Q4 24 | 5.5% | 1.7% | ||
| Q3 24 | 2.9% | 4.0% | ||
| Q2 24 | 4.2% | 0.5% | ||
| Q1 24 | 3.5% | 4.3% |
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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
