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朗美通（LITE）与Mativ Holdings, Inc.（MATV）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Mativ Holdings, Inc.的1.4倍（$665.5M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 11.8%，领先10.0%），朗美通同比增速更快（65.5% vs 1.0%），朗美通自由现金流更多（$43.1M vs $8.0M），过去两年朗美通的营收复合增速更高（34.8% vs -3.8%）
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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
LITE vs MATV — 直观对比
营收规模更大
LITE
是对方的1.4倍
$463.1M
营收增速更快
LITE
高出64.5%
1.0%
净利率更高
MATV
高出10.0%
11.8%
自由现金流更多
LITE
多$35.1M
$8.0M
两年增速更快
LITE
近两年复合增速
-3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $463.1M |
| 净利润 | $78.2M | $100.8M |
| 毛利率 | 36.1% | 18.8% |
| 营业利润率 | 9.7% | 2.2% |
| 净利率 | 11.8% | 21.8% |
| 营收同比 | 65.5% | 1.0% |
| 净利润同比 | 228.4% | 6620.0% |
| 每股收益（稀释后） | $0.89 | $1.87 |
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LITEMATV
| Q4 25 | $665.5M | $463.1M | ||
| Q3 25 | $533.8M | $513.7M | ||
| Q2 25 | $480.7M | $525.4M | ||
| Q1 25 | $425.2M | $484.8M | ||
| Q4 24 | $402.2M | $458.6M | ||
| Q3 24 | $336.9M | $498.5M | ||
| Q2 24 | $308.3M | $523.8M | ||
| Q1 24 | $366.5M | $500.2M |
净利润LITEMATV
| Q4 25 | $78.2M | $100.8M | ||
| Q3 25 | $4.2M | $-3.2M | ||
| Q2 25 | $213.3M | $-9.5M | ||
| Q1 25 | $-44.1M | $-425.5M | ||
| Q4 24 | $-60.9M | $1.5M | ||
| Q3 24 | $-82.4M | $-20.8M | ||
| Q2 24 | $-252.5M | $-1.4M | ||
| Q1 24 | $-127.0M | $-28.0M |
毛利率LITEMATV
| Q4 25 | 36.1% | 18.8% | ||
| Q3 25 | 34.0% | 19.3% | ||
| Q2 25 | 33.3% | 19.7% | ||
| Q1 25 | 28.8% | 15.0% | ||
| Q4 24 | 24.8% | 16.9% | ||
| Q3 24 | 23.1% | 18.8% | ||
| Q2 24 | 16.6% | 20.8% | ||
| Q1 24 | 16.2% | 16.8% |
营业利润率LITEMATV
| Q4 25 | 9.7% | 2.2% | ||
| Q3 25 | 1.3% | 3.1% | ||
| Q2 25 | -1.7% | 3.8% | ||
| Q1 25 | -8.9% | -88.8% | ||
| Q4 24 | -12.8% | 0.6% | ||
| Q3 24 | -24.5% | 1.4% | ||
| Q2 24 | -43.3% | 2.0% | ||
| Q1 24 | -31.3% | -2.8% |
净利率LITEMATV
| Q4 25 | 11.8% | 21.8% | ||
| Q3 25 | 0.8% | -0.6% | ||
| Q2 25 | 44.4% | -1.8% | ||
| Q1 25 | -10.4% | -87.8% | ||
| Q4 24 | -15.1% | 0.3% | ||
| Q3 24 | -24.5% | -4.2% | ||
| Q2 24 | -81.9% | -0.3% | ||
| Q1 24 | -34.7% | -5.6% |
每股收益（稀释后）LITEMATV
| Q4 25 | $0.89 | $1.87 | ||
| Q3 25 | $0.05 | $-0.06 | ||
| Q2 25 | $3.10 | $-0.18 | ||
| Q1 25 | $-0.64 | $-7.82 | ||
| Q4 24 | $-0.88 | $0.03 | ||
| Q3 24 | $-1.21 | $-0.38 | ||
| Q2 24 | $-3.75 | $-0.03 | ||
| Q1 24 | $-1.88 | $-0.52 |
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 | $84.2M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $846.6M | $498.7M |
| 总资产 | $4.8B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资LITEMATV
| Q4 25 | $1.2B | $84.2M | ||
| Q3 25 | $1.1B | $97.1M | ||
| Q2 25 | $877.1M | $95.6M | ||
| Q1 25 | $866.7M | $84.0M | ||
| Q4 24 | $896.7M | $94.3M | ||
| Q3 24 | $916.1M | $162.2M | ||
| Q2 24 | $887.0M | $133.4M | ||
| Q1 24 | $870.9M | $128.9M |
总债务LITEMATV
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益LITEMATV
| Q4 25 | $846.6M | $498.7M | ||
| Q3 25 | $780.8M | $397.4M | ||
| Q2 25 | $1.1B | $416.6M | ||
| Q1 25 | $879.5M | $428.2M | ||
| Q4 24 | $872.3M | $858.5M | ||
| Q3 24 | $895.9M | $882.3M | ||
| Q2 24 | $957.3M | $898.0M | ||
| Q1 24 | $1.2B | $906.9M |
总资产LITEMATV
| Q4 25 | $4.8B | $2.1B | ||
| Q3 25 | $4.6B | $2.0B | ||
| Q2 25 | $4.2B | $2.1B | ||
| Q1 25 | $4.0B | $2.1B | ||
| Q4 24 | $4.0B | $2.4B | ||
| Q3 24 | $4.0B | $2.6B | ||
| Q2 24 | $3.9B | $2.6B | ||
| Q1 24 | $4.2B | $2.7B |
负债/权益比LITEMATV
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 1.30× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $8.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 1.7% |
| 资本支出强度资本支出/营收 | 12.6% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.62× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $93.8M |
8季度趋势，按日历期对齐
经营现金流LITEMATV
| Q4 25 | $126.7M | $19.3M | ||
| Q3 25 | $57.9M | $72.8M | ||
| Q2 25 | $64.0M | $57.6M | ||
| Q1 25 | $-1.6M | $-15.9M | ||
| Q4 24 | $24.3M | $24.1M | ||
| Q3 24 | $39.6M | $37.6M | ||
| Q2 24 | $35.5M | $46.1M | ||
| Q1 24 | $-7.0M | $-13.0M |
自由现金流LITEMATV
| Q4 25 | $43.1M | $8.0M | ||
| Q3 25 | $-18.3M | $66.7M | ||
| Q2 25 | $10.1M | $48.9M | ||
| Q1 25 | $-64.4M | $-29.8M | ||
| Q4 24 | $-15.9M | $2.0M | ||
| Q3 24 | $-34.5M | $25.5M | ||
| Q2 24 | $10.9M | $37.4M | ||
| Q1 24 | $-26.6M | $-25.1M |
自由现金流率LITEMATV
| Q4 25 | 6.5% | 1.7% | ||
| Q3 25 | -3.4% | 13.0% | ||
| Q2 25 | 2.1% | 9.3% | ||
| Q1 25 | -15.1% | -6.1% | ||
| Q4 24 | -4.0% | 0.4% | ||
| Q3 24 | -10.2% | 5.1% | ||
| Q2 24 | 3.5% | 7.1% | ||
| Q1 24 | -7.3% | -5.0% |
资本支出强度LITEMATV
| Q4 25 | 12.6% | 2.4% | ||
| Q3 25 | 14.3% | 1.2% | ||
| Q2 25 | 11.2% | 1.7% | ||
| Q1 25 | 14.8% | 2.9% | ||
| Q4 24 | 10.0% | 4.8% | ||
| Q3 24 | 22.0% | 2.4% | ||
| Q2 24 | 8.0% | 1.7% | ||
| Q1 24 | 5.3% | 2.4% |
现金转化率LITEMATV
| Q4 25 | 1.62× | 0.19× | ||
| Q3 25 | 13.79× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
