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雷诺士国际（LII）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
雷诺士国际的季度营收约是朗美通的1.8倍（$1.2B vs $665.5M），雷诺士国际净利率更高（13.6% vs 11.8%，领先1.8%），朗美通同比增速更快（65.5% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 6.8%）
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
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。
LII vs LITE — 直观对比
营收规模更大
LII
是对方的1.8倍
$665.5M
营收增速更快
LITE
高出76.6%
-11.2%
净利率更高
LII
高出1.8%
11.8%
自由现金流更多
LII
多$333.6M
$43.1M
两年增速更快
LITE
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $665.5M |
| 净利润 | $162.1M | $78.2M |
| 毛利率 | 34.7% | 36.1% |
| 营业利润率 | 18.6% | 9.7% |
| 净利率 | 13.6% | 11.8% |
| 营收同比 | -11.2% | 65.5% |
| 净利润同比 | -18.0% | 228.4% |
| 每股收益（稀释后） | $4.62 | $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LIILITE
| Q4 25 | $1.2B | $665.5M | ||
| Q3 25 | $1.4B | $533.8M | ||
| Q2 25 | $1.5B | $480.7M | ||
| Q1 25 | $1.1B | $425.2M | ||
| Q4 24 | $1.3B | $402.2M | ||
| Q3 24 | $1.5B | $336.9M | ||
| Q2 24 | $1.5B | $308.3M | ||
| Q1 24 | $1.0B | $366.5M |
净利润LIILITE
| Q4 25 | $162.1M | $78.2M | ||
| Q3 25 | $245.8M | $4.2M | ||
| Q2 25 | $277.6M | $213.3M | ||
| Q1 25 | $120.3M | $-44.1M | ||
| Q4 24 | $197.7M | $-60.9M | ||
| Q3 24 | $239.0M | $-82.4M | ||
| Q2 24 | $245.9M | $-252.5M | ||
| Q1 24 | $124.3M | $-127.0M |
毛利率LIILITE
| Q4 25 | 34.7% | 36.1% | ||
| Q3 25 | 32.8% | 34.0% | ||
| Q2 25 | 34.8% | 33.3% | ||
| Q1 25 | 30.6% | 28.8% | ||
| Q4 24 | 33.9% | 24.8% | ||
| Q3 24 | 32.6% | 23.1% | ||
| Q2 24 | 33.6% | 16.6% | ||
| Q1 24 | 32.5% | 16.2% |
营业利润率LIILITE
| Q4 25 | 18.6% | 9.7% | ||
| Q3 25 | 21.7% | 1.3% | ||
| Q2 25 | 23.6% | -1.7% | ||
| Q1 25 | 14.5% | -8.9% | ||
| Q4 24 | 18.2% | -12.8% | ||
| Q3 24 | 20.2% | -24.5% | ||
| Q2 24 | 22.1% | -43.3% | ||
| Q1 24 | 15.9% | -31.3% |
净利率LIILITE
| Q4 25 | 13.6% | 11.8% | ||
| Q3 25 | 17.2% | 0.8% | ||
| Q2 25 | 18.5% | 44.4% | ||
| Q1 25 | 11.2% | -10.4% | ||
| Q4 24 | 14.7% | -15.1% | ||
| Q3 24 | 16.0% | -24.5% | ||
| Q2 24 | 16.9% | -81.9% | ||
| Q1 24 | 11.9% | -34.7% |
每股收益（稀释后）LIILITE
| Q4 25 | $4.62 | $0.89 | ||
| Q3 25 | $6.98 | $0.05 | ||
| Q2 25 | $7.82 | $3.10 | ||
| Q1 25 | $3.37 | $-0.64 | ||
| Q4 24 | $5.52 | $-0.88 | ||
| Q3 24 | $6.68 | $-1.21 | ||
| Q2 24 | $6.87 | $-3.75 | ||
| Q1 24 | $3.47 | $-1.88 |
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 | $34.7M | $1.2B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.2B | $846.6M |
| 总资产 | $4.1B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资LIILITE
| Q4 25 | $34.7M | $1.2B | ||
| Q3 25 | $59.2M | $1.1B | ||
| Q2 25 | $55.1M | $877.1M | ||
| Q1 25 | $222.9M | $866.7M | ||
| Q4 24 | $422.3M | $896.7M | ||
| Q3 24 | $255.7M | $916.1M | ||
| Q2 24 | $57.8M | $887.0M | ||
| Q1 24 | $57.6M | $870.9M |
总债务LIILITE
| Q4 25 | $1.1B | — | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | — | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
股东权益LIILITE
| Q4 25 | $1.2B | $846.6M | ||
| Q3 25 | $1.1B | $780.8M | ||
| Q2 25 | $900.5M | $1.1B | ||
| Q1 25 | $852.5M | $879.5M | ||
| Q4 24 | $850.2M | $872.3M | ||
| Q3 24 | $754.0M | $895.9M | ||
| Q2 24 | $577.4M | $957.3M | ||
| Q1 24 | $368.8M | $1.2B |
总资产LIILITE
| Q4 25 | $4.1B | $4.8B | ||
| Q3 25 | $3.5B | $4.6B | ||
| Q2 25 | $3.7B | $4.2B | ||
| Q1 25 | $3.5B | $4.0B | ||
| Q4 24 | $3.5B | $4.0B | ||
| Q3 24 | $3.3B | $4.0B | ||
| Q2 24 | $3.2B | $3.9B | ||
| Q1 24 | $3.0B | $4.2B |
负债/权益比LIILITE
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | — | ||
| Q1 24 | 3.13× | — |
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 | $405.9M | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $43.1M |
| 自由现金流率自由现金流/营收 | 31.5% | 6.5% |
| 资本支出强度资本支出/营收 | 2.4% | 12.6% |
| 现金转化率经营现金流/净利润 | 2.50× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $638.8M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流LIILITE
| Q4 25 | $405.9M | $126.7M | ||
| Q3 25 | $300.7M | $57.9M | ||
| Q2 25 | $86.8M | $64.0M | ||
| Q1 25 | $-35.8M | $-1.6M | ||
| Q4 24 | $332.4M | $24.3M | ||
| Q3 24 | $452.1M | $39.6M | ||
| Q2 24 | $184.0M | $35.5M | ||
| Q1 24 | $-22.8M | $-7.0M |
自由现金流LIILITE
| Q4 25 | $376.7M | $43.1M | ||
| Q3 25 | $265.1M | $-18.3M | ||
| Q2 25 | $58.3M | $10.1M | ||
| Q1 25 | $-61.3M | $-64.4M | ||
| Q4 24 | $272.2M | $-15.9M | ||
| Q3 24 | $410.9M | $-34.5M | ||
| Q2 24 | $151.3M | $10.9M | ||
| Q1 24 | $-52.3M | $-26.6M |
自由现金流率LIILITE
| Q4 25 | 31.5% | 6.5% | ||
| Q3 25 | 18.6% | -3.4% | ||
| Q2 25 | 3.9% | 2.1% | ||
| Q1 25 | -5.7% | -15.1% | ||
| Q4 24 | 20.2% | -4.0% | ||
| Q3 24 | 27.4% | -10.2% | ||
| Q2 24 | 10.4% | 3.5% | ||
| Q1 24 | -5.0% | -7.3% |
资本支出强度LIILITE
| Q4 25 | 2.4% | 12.6% | ||
| Q3 25 | 2.5% | 14.3% | ||
| Q2 25 | 1.9% | 11.2% | ||
| Q1 25 | 2.4% | 14.8% | ||
| Q4 24 | 4.5% | 10.0% | ||
| Q3 24 | 2.8% | 22.0% | ||
| Q2 24 | 2.3% | 8.0% | ||
| Q1 24 | 2.8% | 5.3% |
现金转化率LIILITE
| Q4 25 | 2.50× | 1.62× | ||
| Q3 25 | 1.22× | 13.79× | ||
| Q2 25 | 0.31× | 0.30× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | -0.18× | — |
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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
