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NLIGHT, INC.（LASR）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
STURM RUGER & CO INC的季度营收约是NLIGHT, INC.的1.9倍（$151.1M vs $81.2M），NLIGHT, INC.同比增速更快（71.3% vs 3.6%），NLIGHT, INC.自由现金流更多（$15.9M vs $12.3M），过去两年NLIGHT, INC.的营收复合增速更高（35.0% vs 5.1%）
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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
LASR vs RGR — 直观对比
营收规模更大
RGR
是对方的1.9倍
$81.2M
营收增速更快
LASR
高出67.7%
3.6%
自由现金流更多
LASR
多$3.6M
$12.3M
两年增速更快
LASR
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.2M | $151.1M |
| 净利润 | $-4.9M | — |
| 毛利率 | 30.7% | 17.8% |
| 营业利润率 | -6.7% | 2.3% |
| 净利率 | -6.0% | — |
| 营收同比 | 71.3% | 3.6% |
| 净利润同比 | 80.3% | — |
| 每股收益（稀释后） | $-0.10 | $0.22 |
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LASRRGR
| Q4 25 | $81.2M | $151.1M | ||
| Q3 25 | $66.7M | $126.8M | ||
| Q2 25 | $61.7M | $132.5M | ||
| Q1 25 | $51.7M | $135.7M | ||
| Q4 24 | $47.4M | $145.8M | ||
| Q3 24 | $56.1M | $122.3M | ||
| Q2 24 | $50.5M | $130.8M | ||
| Q1 24 | $44.5M | $136.8M |
净利润LASRRGR
| Q4 25 | $-4.9M | — | ||
| Q3 25 | $-6.9M | $1.6M | ||
| Q2 25 | $-3.6M | $-17.2M | ||
| Q1 25 | $-8.1M | $7.8M | ||
| Q4 24 | $-25.0M | — | ||
| Q3 24 | $-10.3M | $4.7M | ||
| Q2 24 | $-11.7M | $8.3M | ||
| Q1 24 | $-13.8M | $7.1M |
毛利率LASRRGR
| Q4 25 | 30.7% | 17.8% | ||
| Q3 25 | 31.1% | 15.1% | ||
| Q2 25 | 29.9% | 3.9% | ||
| Q1 25 | 26.7% | 22.0% | ||
| Q4 24 | 2.4% | 22.8% | ||
| Q3 24 | 22.4% | 18.5% | ||
| Q2 24 | 23.5% | 22.3% | ||
| Q1 24 | 16.8% | 21.5% |
营业利润率LASRRGR
| Q4 25 | -6.7% | 2.3% | ||
| Q3 25 | -10.9% | -2.7% | ||
| Q2 25 | -6.9% | -15.6% | ||
| Q1 25 | -18.6% | 6.2% | ||
| Q4 24 | -55.8% | 7.8% | ||
| Q3 24 | -21.0% | 3.1% | ||
| Q2 24 | -25.1% | 6.9% | ||
| Q1 24 | -33.1% | 5.5% |
净利率LASRRGR
| Q4 25 | -6.0% | — | ||
| Q3 25 | -10.3% | 1.2% | ||
| Q2 25 | -5.8% | -13.0% | ||
| Q1 25 | -15.7% | 5.7% | ||
| Q4 24 | -52.7% | — | ||
| Q3 24 | -18.4% | 3.9% | ||
| Q2 24 | -23.2% | 6.3% | ||
| Q1 24 | -30.9% | 5.2% |
每股收益（稀释后）LASRRGR
| Q4 25 | $-0.10 | $0.22 | ||
| Q3 25 | $-0.14 | $0.10 | ||
| Q2 25 | $-0.07 | $-1.05 | ||
| Q1 25 | $-0.16 | $0.46 | ||
| Q4 24 | $-0.52 | $0.62 | ||
| Q3 24 | $-0.21 | $0.28 | ||
| Q2 24 | $-0.25 | $0.47 | ||
| Q1 24 | $-0.29 | $0.40 |
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 | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $226.7M | $283.8M |
| 总资产 | $315.2M | $342.0M |
| 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LASRRGR
| Q4 25 | $98.7M | $92.5M | ||
| Q3 25 | $81.1M | $80.8M | ||
| Q2 25 | $78.8M | $101.4M | ||
| Q1 25 | $82.2M | $108.3M | ||
| Q4 24 | $65.8M | $105.5M | ||
| Q3 24 | $41.5M | $96.0M | ||
| Q2 24 | $49.4M | $105.6M | ||
| Q1 24 | $61.3M | $115.3M |
股东权益LASRRGR
| Q4 25 | $226.7M | $283.8M | ||
| Q3 25 | $218.5M | $279.6M | ||
| Q2 25 | $216.0M | $289.3M | ||
| Q1 25 | $212.8M | $321.5M | ||
| Q4 24 | $216.4M | $319.6M | ||
| Q3 24 | $235.3M | $314.9M | ||
| Q2 24 | $239.5M | $321.5M | ||
| Q1 24 | $244.4M | $332.0M |
总资产LASRRGR
| Q4 25 | $315.2M | $342.0M | ||
| Q3 25 | $298.7M | $342.3M | ||
| Q2 25 | $295.3M | $349.5M | ||
| Q1 25 | $290.0M | $379.0M | ||
| Q4 24 | $270.2M | $384.0M | ||
| Q3 24 | $291.3M | $373.5M | ||
| Q2 24 | $294.3M | $376.7M | ||
| Q1 24 | $302.8M | $385.0M |
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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $15.9M | $12.3M |
| 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% | 2.1% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流LASRRGR
| Q4 25 | $17.5M | $15.5M | ||
| Q3 25 | $5.2M | $12.9M | ||
| Q2 25 | $-1.4M | $14.7M | ||
| Q1 25 | $-20.0K | $11.1M | ||
| Q4 24 | $-3.9M | $20.0M | ||
| Q3 24 | $-5.6M | $9.4M | ||
| Q2 24 | $-4.2M | $18.7M | ||
| Q1 24 | $11.4M | $7.3M |
自由现金流LASRRGR
| Q4 25 | $15.9M | $12.3M | ||
| Q3 25 | $2.4M | $7.0M | ||
| Q2 25 | $-3.8M | $9.1M | ||
| Q1 25 | $-2.3M | $10.0M | ||
| Q4 24 | $-6.5M | $16.4M | ||
| Q3 24 | $-7.2M | $2.6M | ||
| Q2 24 | $-6.4M | $10.1M | ||
| Q1 24 | $9.8M | $5.6M |
自由现金流率LASRRGR
| Q4 25 | 19.6% | 8.2% | ||
| Q3 25 | 3.7% | 5.5% | ||
| Q2 25 | -6.1% | 6.9% | ||
| Q1 25 | -4.5% | 7.4% | ||
| Q4 24 | -13.7% | 11.2% | ||
| Q3 24 | -12.9% | 2.1% | ||
| Q2 24 | -12.6% | 7.7% | ||
| Q1 24 | 22.1% | 4.1% |
资本支出强度LASRRGR
| Q4 25 | 2.0% | 2.1% | ||
| Q3 25 | 4.2% | 4.6% | ||
| Q2 25 | 3.9% | 4.2% | ||
| Q1 25 | 4.4% | 0.8% | ||
| Q4 24 | 5.5% | 2.5% | ||
| Q3 24 | 2.9% | 5.5% | ||
| Q2 24 | 4.2% | 6.6% | ||
| Q1 24 | 3.5% | 1.3% |
现金转化率LASRRGR
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
