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朗美通（LITE）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是朗美通的1.3倍（$851.9M vs $665.5M），美森净利率更高（16.8% vs 11.8%，领先5.0%），朗美通同比增速更快（65.5% vs -4.3%），朗美通自由现金流更多（$43.1M vs $42.2M），过去两年朗美通的营收复合增速更高（34.8% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
LITE vs MATX — 直观对比
营收规模更大
MATX
是对方的1.3倍
$665.5M
营收增速更快
LITE
高出69.8%
-4.3%
净利率更高
MATX
高出5.0%
11.8%
自由现金流更多
LITE
多$900.0K
$42.2M
两年增速更快
LITE
近两年复合增速
8.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $851.9M |
| 净利润 | $78.2M | $143.1M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 16.9% |
| 净利率 | 11.8% | 16.8% |
| 营收同比 | 65.5% | -4.3% |
| 净利润同比 | 228.4% | 11.8% |
| 每股收益（稀释后） | $0.89 | $4.47 |
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LITEMATX
| Q4 25 | $665.5M | $851.9M | ||
| Q3 25 | $533.8M | $880.1M | ||
| Q2 25 | $480.7M | $830.5M | ||
| Q1 25 | $425.2M | $782.0M | ||
| Q4 24 | $402.2M | $890.3M | ||
| Q3 24 | $336.9M | $962.0M | ||
| Q2 24 | $308.3M | $847.4M | ||
| Q1 24 | $366.5M | $722.1M |
净利润LITEMATX
| Q4 25 | $78.2M | $143.1M | ||
| Q3 25 | $4.2M | $134.7M | ||
| Q2 25 | $213.3M | $94.7M | ||
| Q1 25 | $-44.1M | $72.3M | ||
| Q4 24 | $-60.9M | $128.0M | ||
| Q3 24 | $-82.4M | $199.1M | ||
| Q2 24 | $-252.5M | $113.2M | ||
| Q1 24 | $-127.0M | $36.1M |
毛利率LITEMATX
| Q4 25 | 36.1% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 33.3% | — | ||
| Q1 25 | 28.8% | — | ||
| Q4 24 | 24.8% | — | ||
| Q3 24 | 23.1% | — | ||
| Q2 24 | 16.6% | — | ||
| Q1 24 | 16.2% | — |
营业利润率LITEMATX
| Q4 25 | 9.7% | 16.9% | ||
| Q3 25 | 1.3% | 18.3% | ||
| Q2 25 | -1.7% | 13.6% | ||
| Q1 25 | -8.9% | 10.5% | ||
| Q4 24 | -12.8% | 16.6% | ||
| Q3 24 | -24.5% | 25.2% | ||
| Q2 24 | -43.3% | 14.7% | ||
| Q1 24 | -31.3% | 5.1% |
净利率LITEMATX
| Q4 25 | 11.8% | 16.8% | ||
| Q3 25 | 0.8% | 15.3% | ||
| Q2 25 | 44.4% | 11.4% | ||
| Q1 25 | -10.4% | 9.2% | ||
| Q4 24 | -15.1% | 14.4% | ||
| Q3 24 | -24.5% | 20.7% | ||
| Q2 24 | -81.9% | 13.4% | ||
| Q1 24 | -34.7% | 5.0% |
每股收益（稀释后）LITEMATX
| Q4 25 | $0.89 | $4.47 | ||
| Q3 25 | $0.05 | $4.24 | ||
| Q2 25 | $3.10 | $2.92 | ||
| Q1 25 | $-0.64 | $2.18 | ||
| Q4 24 | $-0.88 | $3.69 | ||
| Q3 24 | $-1.21 | $5.89 | ||
| Q2 24 | $-3.75 | $3.31 | ||
| Q1 24 | $-1.88 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $846.6M | $2.8B |
| 总资产 | $4.8B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资LITEMATX
| Q4 25 | $1.2B | $141.9M | ||
| Q3 25 | $1.1B | $92.7M | ||
| Q2 25 | $877.1M | $59.1M | ||
| Q1 25 | $866.7M | $122.0M | ||
| Q4 24 | $896.7M | $266.8M | ||
| Q3 24 | $916.1M | $270.3M | ||
| Q2 24 | $887.0M | $168.2M | ||
| Q1 24 | $870.9M | $25.9M |
总债务LITEMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益LITEMATX
| Q4 25 | $846.6M | $2.8B | ||
| Q3 25 | $780.8M | $2.7B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $879.5M | $2.6B | ||
| Q4 24 | $872.3M | $2.7B | ||
| Q3 24 | $895.9M | $2.6B | ||
| Q2 24 | $957.3M | $2.4B | ||
| Q1 24 | $1.2B | $2.4B |
总资产LITEMATX
| Q4 25 | $4.8B | $4.6B | ||
| Q3 25 | $4.6B | $4.6B | ||
| Q2 25 | $4.2B | $4.5B | ||
| Q1 25 | $4.0B | $4.5B | ||
| Q4 24 | $4.0B | $4.6B | ||
| Q3 24 | $4.0B | $4.4B | ||
| Q2 24 | $3.9B | $4.3B | ||
| Q1 24 | $4.2B | $4.2B |
负债/权益比LITEMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $42.2M |
| 自由现金流率自由现金流/营收 | 6.5% | 5.0% |
| 资本支出强度资本支出/营收 | 12.6% | 15.8% |
| 现金转化率经营现金流/净利润 | 1.62× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $153.7M |
8季度趋势，按日历期对齐
经营现金流LITEMATX
| Q4 25 | $126.7M | $176.9M | ||
| Q3 25 | $57.9M | $175.6M | ||
| Q2 25 | $64.0M | $105.6M | ||
| Q1 25 | $-1.6M | $89.0M | ||
| Q4 24 | $24.3M | $174.7M | ||
| Q3 24 | $39.6M | $248.6M | ||
| Q2 24 | $35.5M | $307.9M | ||
| Q1 24 | $-7.0M | $36.6M |
自由现金流LITEMATX
| Q4 25 | $43.1M | $42.2M | ||
| Q3 25 | $-18.3M | $92.4M | ||
| Q2 25 | $10.1M | $19.3M | ||
| Q1 25 | $-64.4M | $-200.0K | ||
| Q4 24 | $-15.9M | $49.3M | ||
| Q3 24 | $-34.5M | $189.0M | ||
| Q2 24 | $10.9M | $238.1M | ||
| Q1 24 | $-26.6M | $-18.7M |
自由现金流率LITEMATX
| Q4 25 | 6.5% | 5.0% | ||
| Q3 25 | -3.4% | 10.5% | ||
| Q2 25 | 2.1% | 2.3% | ||
| Q1 25 | -15.1% | -0.0% | ||
| Q4 24 | -4.0% | 5.5% | ||
| Q3 24 | -10.2% | 19.6% | ||
| Q2 24 | 3.5% | 28.1% | ||
| Q1 24 | -7.3% | -2.6% |
资本支出强度LITEMATX
| Q4 25 | 12.6% | 15.8% | ||
| Q3 25 | 14.3% | 9.5% | ||
| Q2 25 | 11.2% | 10.4% | ||
| Q1 25 | 14.8% | 11.4% | ||
| Q4 24 | 10.0% | 14.1% | ||
| Q3 24 | 22.0% | 6.2% | ||
| Q2 24 | 8.0% | 8.2% | ||
| Q1 24 | 5.3% | 7.7% |
现金转化率LITEMATX
| Q4 25 | 1.62× | 1.24× | ||
| Q3 25 | 13.79× | 1.30× | ||
| Q2 25 | 0.30× | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | 2.72× | ||
| Q1 24 | — | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
