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Liberty Global Ltd.（LBTYA）与朗美通（LITE）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是朗美通的3.6倍（$2.4B vs $665.5M），Liberty Global Ltd.净利率更高（15.0% vs 11.8%，领先3.2%），朗美通同比增速更快（65.5% vs -3.6%），过去两年朗美通的营收复合增速更高（34.8% vs 12.9%）
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
LBTYA vs LITE — 直观对比
营收规模更大
LBTYA
是对方的3.6倍
$665.5M
营收增速更快
LITE
高出69.1%
-3.6%
净利率更高
LBTYA
高出3.2%
11.8%
两年增速更快
LITE
近两年复合增速
12.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $665.5M |
| 净利润 | $358.2M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 1.0% | 9.7% |
| 净利率 | 15.0% | 11.8% |
| 营收同比 | -3.6% | 65.5% |
| 净利润同比 | 127.1% | 228.4% |
| 每股收益（稀释后） | — | $0.89 |
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LBTYALITE
| Q1 26 | $2.4B | — | ||
| Q4 25 | $1.2B | $665.5M | ||
| Q3 25 | $1.2B | $533.8M | ||
| Q2 25 | $1.3B | $480.7M | ||
| Q1 25 | $1.2B | $425.2M | ||
| Q4 24 | $-1.4B | $402.2M | ||
| Q3 24 | $1.9B | $336.9M | ||
| Q2 24 | $1.9B | $308.3M |
净利润LBTYALITE
| Q1 26 | $358.2M | — | ||
| Q4 25 | $-2.9B | $78.2M | ||
| Q3 25 | $-90.7M | $4.2M | ||
| Q2 25 | $-2.8B | $213.3M | ||
| Q1 25 | $-1.3B | $-44.1M | ||
| Q4 24 | $2.2B | $-60.9M | ||
| Q3 24 | $-1.4B | $-82.4M | ||
| Q2 24 | $268.1M | $-252.5M |
毛利率LBTYALITE
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 36.1% | ||
| Q3 25 | 67.5% | 34.0% | ||
| Q2 25 | 63.3% | 33.3% | ||
| Q1 25 | 65.6% | 28.8% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | 69.4% | 23.1% | ||
| Q2 24 | 68.5% | 16.6% |
营业利润率LBTYALITE
| Q1 26 | 1.0% | — | ||
| Q4 25 | -8.6% | 9.7% | ||
| Q3 25 | -0.7% | 1.3% | ||
| Q2 25 | 2.3% | -1.7% | ||
| Q1 25 | 5.2% | -8.9% | ||
| Q4 24 | — | -12.8% | ||
| Q3 24 | 5.2% | -24.5% | ||
| Q2 24 | 1.0% | -43.3% |
净利率LBTYALITE
| Q1 26 | 15.0% | — | ||
| Q4 25 | -237.0% | 11.8% | ||
| Q3 25 | -7.5% | 0.8% | ||
| Q2 25 | -220.1% | 44.4% | ||
| Q1 25 | -114.2% | -10.4% | ||
| Q4 24 | -158.9% | -15.1% | ||
| Q3 24 | -74.1% | -24.5% | ||
| Q2 24 | 14.3% | -81.9% |
每股收益（稀释后）LBTYALITE
| Q1 26 | — | — | ||
| Q4 25 | $-8.66 | $0.89 | ||
| Q3 25 | $-0.27 | $0.05 | ||
| Q2 25 | $-8.09 | $3.10 | ||
| Q1 25 | $-3.84 | $-0.64 | ||
| Q4 24 | $6.15 | $-0.88 | ||
| Q3 24 | $-3.95 | $-1.21 | ||
| Q2 24 | $0.71 | $-3.75 |
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 | $-387.3M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $846.6M |
| 总资产 | — | $4.8B |
| 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LBTYALITE
| Q1 26 | $-387.3M | — | ||
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $3.1B | $877.1M | ||
| Q1 25 | $2.0B | $866.7M | ||
| Q4 24 | $2.2B | $896.7M | ||
| Q3 24 | $3.3B | $916.1M | ||
| Q2 24 | $3.2B | $887.0M |
总债务LBTYALITE
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | $14.9B | — | ||
| Q2 24 | $14.7B | — |
股东权益LBTYALITE
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $846.6M | ||
| Q3 25 | $12.7B | $780.8M | ||
| Q2 25 | $13.0B | $1.1B | ||
| Q1 25 | $12.6B | $879.5M | ||
| Q4 24 | $12.4B | $872.3M | ||
| Q3 24 | $18.7B | $895.9M | ||
| Q2 24 | $18.3B | $957.3M |
总资产LBTYALITE
| Q1 26 | — | — | ||
| Q4 25 | $22.6B | $4.8B | ||
| Q3 25 | $25.4B | $4.6B | ||
| Q2 25 | $27.2B | $4.2B | ||
| Q1 25 | $26.0B | $4.0B | ||
| Q4 24 | $25.4B | $4.0B | ||
| Q3 24 | $41.8B | $4.0B | ||
| Q2 24 | $40.8B | $3.9B |
负债/权益比LBTYALITE
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — |
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 | $107.6M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | — | $43.1M |
| 自由现金流率自由现金流/营收 | — | 6.5% |
| 资本支出强度资本支出/营收 | 1.5% | 12.6% |
| 现金转化率经营现金流/净利润 | 0.30× | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $-29.5M |
8季度趋势，按日历期对齐
经营现金流LBTYALITE
| Q1 26 | $107.6M | — | ||
| Q4 25 | $630.9M | $126.7M | ||
| Q3 25 | $301.8M | $57.9M | ||
| Q2 25 | $149.2M | $64.0M | ||
| Q1 25 | $129.2M | $-1.6M | ||
| Q4 24 | $791.6M | $24.3M | ||
| Q3 24 | $449.5M | $39.6M | ||
| Q2 24 | $546.1M | $35.5M |
自由现金流LBTYALITE
| Q1 26 | — | — | ||
| Q4 25 | $193.3M | $43.1M | ||
| Q3 25 | $-41.1M | $-18.3M | ||
| Q2 25 | $-170.1M | $10.1M | ||
| Q1 25 | $-114.1M | $-64.4M | ||
| Q4 24 | $712.9M | $-15.9M | ||
| Q3 24 | $102.4M | $-34.5M | ||
| Q2 24 | $256.8M | $10.9M |
自由现金流率LBTYALITE
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | 6.5% | ||
| Q3 25 | -3.4% | -3.4% | ||
| Q2 25 | -13.4% | 2.1% | ||
| Q1 25 | -9.7% | -15.1% | ||
| Q4 24 | -50.5% | -4.0% | ||
| Q3 24 | 5.3% | -10.2% | ||
| Q2 24 | 13.7% | 3.5% |
资本支出强度LBTYALITE
| Q1 26 | 1.5% | — | ||
| Q4 25 | 35.5% | 12.6% | ||
| Q3 25 | 28.4% | 14.3% | ||
| Q2 25 | 25.2% | 11.2% | ||
| Q1 25 | 20.8% | 14.8% | ||
| Q4 24 | -5.6% | 10.0% | ||
| Q3 24 | 17.9% | 22.0% | ||
| Q2 24 | 15.4% | 8.0% |
现金转化率LBTYALITE
| Q1 26 | 0.30× | — | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.04× | — |
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
LBTYA
| Mobile Service | $775.2M | 32% |
| Fixed Service | $772.0M | 32% |
| Business | $308.7M | 13% |
| Wholesale | $256.9M | 11% |
| Business Service | $233.2M | 10% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
