vs
朗美通（LITE）与迈心诺（MASI）财务数据对比。点击上方公司名可切换其他公司
朗美通的季度营收约是迈心诺的1.8倍（$665.5M vs $371.5M），朗美通净利率更高（11.8% vs -27.0%，领先38.8%），朗美通同比增速更快（65.5% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs -17.7%）
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。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
LITE vs MASI — 直观对比
营收规模更大
LITE
是对方的1.8倍
$371.5M
营收增速更快
LITE
高出91.8%
-26.4%
净利率更高
LITE
高出38.8%
-27.0%
自由现金流更多
MASI
多$7.8M
$43.1M
两年增速更快
LITE
近两年复合增速
-17.7%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $371.5M |
| 净利润 | $78.2M | $-100.4M |
| 毛利率 | 36.1% | 62.1% |
| 营业利润率 | 9.7% | 22.5% |
| 净利率 | 11.8% | -27.0% |
| 营收同比 | 65.5% | -26.4% |
| 净利润同比 | 228.4% | -1124.5% |
| 每股收益（稀释后） | $0.89 | $-1.84 |
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LITEMASI
| Q4 25 | $665.5M | — | ||
| Q3 25 | $533.8M | $371.5M | ||
| Q2 25 | $480.7M | $370.9M | ||
| Q1 25 | $425.2M | $372.0M | ||
| Q4 24 | $402.2M | $600.7M | ||
| Q3 24 | $336.9M | $504.6M | ||
| Q2 24 | $308.3M | $496.3M | ||
| Q1 24 | $366.5M | $492.8M |
净利润LITEMASI
| Q4 25 | $78.2M | — | ||
| Q3 25 | $4.2M | $-100.4M | ||
| Q2 25 | $213.3M | $51.3M | ||
| Q1 25 | $-44.1M | $-170.7M | ||
| Q4 24 | $-60.9M | $-349.6M | ||
| Q3 24 | $-82.4M | $9.8M | ||
| Q2 24 | $-252.5M | $16.0M | ||
| Q1 24 | $-127.0M | $18.9M |
毛利率LITEMASI
| Q4 25 | 36.1% | — | ||
| Q3 25 | 34.0% | 62.1% | ||
| Q2 25 | 33.3% | 62.9% | ||
| Q1 25 | 28.8% | 62.9% | ||
| Q4 24 | 24.8% | 40.7% | ||
| Q3 24 | 23.1% | 52.2% | ||
| Q2 24 | 16.6% | 51.3% | ||
| Q1 24 | 16.2% | 49.0% |
营业利润率LITEMASI
| Q4 25 | 9.7% | — | ||
| Q3 25 | 1.3% | 22.5% | ||
| Q2 25 | -1.7% | 17.4% | ||
| Q1 25 | -8.9% | 21.0% | ||
| Q4 24 | -12.8% | -59.8% | ||
| Q3 24 | -24.5% | 6.0% | ||
| Q2 24 | -43.3% | 5.7% | ||
| Q1 24 | -31.3% | 6.9% |
净利率LITEMASI
| Q4 25 | 11.8% | — | ||
| Q3 25 | 0.8% | -27.0% | ||
| Q2 25 | 44.4% | 13.8% | ||
| Q1 25 | -10.4% | -45.9% | ||
| Q4 24 | -15.1% | -58.2% | ||
| Q3 24 | -24.5% | 1.9% | ||
| Q2 24 | -81.9% | 3.2% | ||
| Q1 24 | -34.7% | 3.8% |
每股收益（稀释后）LITEMASI
| Q4 25 | $0.89 | — | ||
| Q3 25 | $0.05 | $-1.84 | ||
| Q2 25 | $3.10 | $0.94 | ||
| Q1 25 | $-0.64 | $-3.12 | ||
| Q4 24 | $-0.88 | $-6.54 | ||
| Q3 24 | $-1.21 | $0.18 | ||
| Q2 24 | $-3.75 | $0.29 | ||
| Q1 24 | $-1.88 | $0.35 |
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 | $1.2B | $312.3M |
| 总债务越低越好 | — | $559.1M |
| 股东权益账面价值 | $846.6M | $810.0M |
| 总资产 | $4.8B | $1.8B |
| 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LITEMASI
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | $312.3M | ||
| Q2 25 | $877.1M | $149.6M | ||
| Q1 25 | $866.7M | $130.8M | ||
| Q4 24 | $896.7M | $177.6M | ||
| Q3 24 | $916.1M | $158.5M | ||
| Q2 24 | $887.0M | $129.6M | ||
| Q1 24 | $870.9M | $157.6M |
总债务LITEMASI
| Q4 25 | — | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | — | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M | ||
| Q1 24 | — | $876.0M |
股东权益LITEMASI
| Q4 25 | $846.6M | — | ||
| Q3 25 | $780.8M | $810.0M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $879.5M | $946.4M | ||
| Q4 24 | $872.3M | $1.1B | ||
| Q3 24 | $895.9M | $1.5B | ||
| Q2 24 | $957.3M | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
总资产LITEMASI
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.6B | $1.8B | ||
| Q2 25 | $4.2B | $2.4B | ||
| Q1 25 | $4.0B | $2.3B | ||
| Q4 24 | $4.0B | $2.6B | ||
| Q3 24 | $4.0B | $3.1B | ||
| Q2 24 | $3.9B | $2.9B | ||
| Q1 24 | $4.2B | $3.0B |
负债/权益比LITEMASI
| Q4 25 | — | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $126.7M | $56.8M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $50.9M |
| 自由现金流率自由现金流/营收 | 6.5% | 13.7% |
| 资本支出强度资本支出/营收 | 12.6% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.62× | — |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $191.0M |
8季度趋势，按日历期对齐
经营现金流LITEMASI
| Q4 25 | $126.7M | — | ||
| Q3 25 | $57.9M | $56.8M | ||
| Q2 25 | $64.0M | $69.4M | ||
| Q1 25 | $-1.6M | $31.1M | ||
| Q4 24 | $24.3M | $50.5M | ||
| Q3 24 | $39.6M | $25.6M | ||
| Q2 24 | $35.5M | $74.5M | ||
| Q1 24 | $-7.0M | $45.8M |
自由现金流LITEMASI
| Q4 25 | $43.1M | — | ||
| Q3 25 | $-18.3M | $50.9M | ||
| Q2 25 | $10.1M | $65.6M | ||
| Q1 25 | $-64.4M | $28.5M | ||
| Q4 24 | $-15.9M | $46.0M | ||
| Q3 24 | $-34.5M | $16.9M | ||
| Q2 24 | $10.9M | $66.9M | ||
| Q1 24 | $-26.6M | $37.6M |
自由现金流率LITEMASI
| Q4 25 | 6.5% | — | ||
| Q3 25 | -3.4% | 13.7% | ||
| Q2 25 | 2.1% | 17.7% | ||
| Q1 25 | -15.1% | 7.7% | ||
| Q4 24 | -4.0% | 7.7% | ||
| Q3 24 | -10.2% | 3.3% | ||
| Q2 24 | 3.5% | 13.5% | ||
| Q1 24 | -7.3% | 7.6% |
资本支出强度LITEMASI
| Q4 25 | 12.6% | — | ||
| Q3 25 | 14.3% | 1.6% | ||
| Q2 25 | 11.2% | 1.0% | ||
| Q1 25 | 14.8% | 0.7% | ||
| Q4 24 | 10.0% | 0.7% | ||
| Q3 24 | 22.0% | 1.7% | ||
| Q2 24 | 8.0% | 1.5% | ||
| Q1 24 | 5.3% | 1.7% |
现金转化率LITEMASI
| Q4 25 | 1.62× | — | ||
| Q3 25 | 13.79× | — | ||
| Q2 25 | 0.30× | 1.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | — | 4.66× | ||
| Q1 24 | — | 2.42× |
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
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
MASI
暂无分部数据
