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NLIGHT, INC.（LASR）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是NLIGHT, INC.的1.2倍（$100.0M vs $81.2M），NLIGHT, INC.净利率更高（-6.0% vs -7.0%，领先1.0%），NLIGHT, INC.同比增速更快（71.3% vs 14.5%），NLIGHT, INC.自由现金流更多（$15.9M vs $14.1M），过去两年NLIGHT, INC.的营收复合增速更高（35.0% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
LASR vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.2倍
$81.2M
营收增速更快
LASR
高出56.8%
14.5%
净利率更高
LASR
高出1.0%
-7.0%
自由现金流更多
LASR
多$1.8M
$14.1M
两年增速更快
LASR
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.2M | $100.0M |
| 净利润 | $-4.9M | $-7.0M |
| 毛利率 | 30.7% | 28.0% |
| 营业利润率 | -6.7% | -10.7% |
| 净利率 | -6.0% | -7.0% |
| 营收同比 | 71.3% | 14.5% |
| 净利润同比 | 80.3% | 76.0% |
| 每股收益（稀释后） | $-0.10 | $-0.06 |
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LASRSWIM
| Q4 25 | $81.2M | $100.0M | ||
| Q3 25 | $66.7M | $161.9M | ||
| Q2 25 | $61.7M | $172.6M | ||
| Q1 25 | $51.7M | $111.4M | ||
| Q4 24 | $47.4M | $87.3M | ||
| Q3 24 | $56.1M | $150.5M | ||
| Q2 24 | $50.5M | $160.1M | ||
| Q1 24 | $44.5M | $110.6M |
净利润LASRSWIM
| Q4 25 | $-4.9M | $-7.0M | ||
| Q3 25 | $-6.9M | $8.1M | ||
| Q2 25 | $-3.6M | $16.0M | ||
| Q1 25 | $-8.1M | $-6.0M | ||
| Q4 24 | $-25.0M | $-29.2M | ||
| Q3 24 | $-10.3M | $5.9M | ||
| Q2 24 | $-11.7M | $13.3M | ||
| Q1 24 | $-13.8M | $-7.9M |
毛利率LASRSWIM
| Q4 25 | 30.7% | 28.0% | ||
| Q3 25 | 31.1% | 35.4% | ||
| Q2 25 | 29.9% | 37.1% | ||
| Q1 25 | 26.7% | 29.5% | ||
| Q4 24 | 2.4% | 24.6% | ||
| Q3 24 | 22.4% | 32.4% | ||
| Q2 24 | 23.5% | 33.1% | ||
| Q1 24 | 16.8% | 27.7% |
营业利润率LASRSWIM
| Q4 25 | -6.7% | -10.7% | ||
| Q3 25 | -10.9% | 13.3% | ||
| Q2 25 | -6.9% | 14.3% | ||
| Q1 25 | -18.6% | -4.4% | ||
| Q4 24 | -55.8% | -14.9% | ||
| Q3 24 | -21.0% | 8.9% | ||
| Q2 24 | -25.1% | 12.5% | ||
| Q1 24 | -33.1% | -1.9% |
净利率LASRSWIM
| Q4 25 | -6.0% | -7.0% | ||
| Q3 25 | -10.3% | 5.0% | ||
| Q2 25 | -5.8% | 9.3% | ||
| Q1 25 | -15.7% | -5.4% | ||
| Q4 24 | -52.7% | -33.4% | ||
| Q3 24 | -18.4% | 3.9% | ||
| Q2 24 | -23.2% | 8.3% | ||
| Q1 24 | -30.9% | -7.1% |
每股收益（稀释后）LASRSWIM
| Q4 25 | $-0.10 | $-0.06 | ||
| Q3 25 | $-0.14 | $0.07 | ||
| Q2 25 | $-0.07 | $0.13 | ||
| Q1 25 | $-0.16 | $-0.05 | ||
| Q4 24 | $-0.52 | $-0.24 | ||
| Q3 24 | $-0.21 | $0.05 | ||
| Q2 24 | $-0.25 | $0.11 | ||
| Q1 24 | $-0.29 | $-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 | $98.7M | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $226.7M | $405.9M |
| 总资产 | $315.2M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资LASRSWIM
| 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 | — | ||
| Q1 24 | $61.3M | — |
总债务LASRSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益LASRSWIM
| Q4 25 | $226.7M | $405.9M | ||
| Q3 25 | $218.5M | $408.4M | ||
| Q2 25 | $216.0M | $398.4M | ||
| Q1 25 | $212.8M | $381.1M | ||
| Q4 24 | $216.4M | $387.2M | ||
| Q3 24 | $235.3M | $416.6M | ||
| Q2 24 | $239.5M | $408.1M | ||
| Q1 24 | $244.4M | $391.8M |
总资产LASRSWIM
| Q4 25 | $315.2M | $823.2M | ||
| Q3 25 | $298.7M | $844.4M | ||
| Q2 25 | $295.3M | $822.1M | ||
| Q1 25 | $290.0M | $824.6M | ||
| Q4 24 | $270.2M | $794.2M | ||
| Q3 24 | $291.3M | $853.4M | ||
| Q2 24 | $294.3M | $830.0M | ||
| Q1 24 | $302.8M | $808.6M |
负债/权益比LASRSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $15.9M | $14.1M |
| 自由现金流率自由现金流/营收 | 19.6% | 14.1% |
| 资本支出强度资本支出/营收 | 2.0% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流LASRSWIM
| Q4 25 | $17.5M | $23.3M | ||
| Q3 25 | $5.2M | $51.0M | ||
| Q2 25 | $-1.4M | $36.0M | ||
| Q1 25 | $-20.0K | $-46.9M | ||
| Q4 24 | $-3.9M | $6.2M | ||
| Q3 24 | $-5.6M | $37.2M | ||
| Q2 24 | $-4.2M | $52.4M | ||
| Q1 24 | $11.4M | $-34.5M |
自由现金流LASRSWIM
| Q4 25 | $15.9M | $14.1M | ||
| Q3 25 | $2.4M | $45.2M | ||
| Q2 25 | $-3.8M | $29.1M | ||
| Q1 25 | $-2.3M | $-50.3M | ||
| Q4 24 | $-6.5M | $-98.0K | ||
| Q3 24 | $-7.2M | $33.2M | ||
| Q2 24 | $-6.4M | $47.9M | ||
| Q1 24 | $9.8M | $-39.9M |
自由现金流率LASRSWIM
| Q4 25 | 19.6% | 14.1% | ||
| Q3 25 | 3.7% | 27.9% | ||
| Q2 25 | -6.1% | 16.8% | ||
| Q1 25 | -4.5% | -45.2% | ||
| Q4 24 | -13.7% | -0.1% | ||
| Q3 24 | -12.9% | 22.1% | ||
| Q2 24 | -12.6% | 29.9% | ||
| Q1 24 | 22.1% | -36.0% |
资本支出强度LASRSWIM
| Q4 25 | 2.0% | 9.2% | ||
| Q3 25 | 4.2% | 3.6% | ||
| Q2 25 | 3.9% | 4.0% | ||
| Q1 25 | 4.4% | 3.1% | ||
| Q4 24 | 5.5% | 7.2% | ||
| Q3 24 | 2.9% | 2.7% | ||
| Q2 24 | 4.2% | 2.8% | ||
| Q1 24 | 3.5% | 4.8% |
现金转化率LASRSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 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
LASR
| Aerospaceand Defense | $56.3M | 69% |
| Microfabrication | $14.2M | 18% |
| Industrial | $10.7M | 13% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
