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朗美通（LITE）与麦格劳希尔（MH）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麦格劳希尔的1.5倍（$665.5M vs $434.2M），朗美通净利率更高（11.8% vs -4.7%，领先16.4%），朗美通同比增速更快（65.5% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $43.1M）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
LITE vs MH — 直观对比
营收规模更大
LITE
是对方的1.5倍
$434.2M
营收增速更快
LITE
高出100.6%
-35.1%
净利率更高
LITE
高出16.4%
-4.7%
自由现金流更多
MH
多$242.3M
$43.1M
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $434.2M |
| 净利润 | $78.2M | $-20.2M |
| 毛利率 | 36.1% | 85.3% |
| 营业利润率 | 9.7% | 7.0% |
| 净利率 | 11.8% | -4.7% |
| 营收同比 | 65.5% | -35.1% |
| 净利润同比 | 228.4% | -119.2% |
| 每股收益（稀释后） | $0.89 | $-0.11 |
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LITEMH
| Q4 25 | $665.5M | $434.2M | ||
| Q3 25 | $533.8M | $669.2M | ||
| Q2 25 | $480.7M | $535.7M | ||
| Q1 25 | $425.2M | — | ||
| Q4 24 | $402.2M | — | ||
| Q3 24 | $336.9M | — | ||
| Q2 24 | $308.3M | — | ||
| Q1 24 | $366.5M | — |
净利润LITEMH
| Q4 25 | $78.2M | $-20.2M | ||
| Q3 25 | $4.2M | $105.3M | ||
| Q2 25 | $213.3M | $502.0K | ||
| Q1 25 | $-44.1M | — | ||
| Q4 24 | $-60.9M | — | ||
| Q3 24 | $-82.4M | — | ||
| Q2 24 | $-252.5M | — | ||
| Q1 24 | $-127.0M | — |
毛利率LITEMH
| Q4 25 | 36.1% | 85.3% | ||
| Q3 25 | 34.0% | 79.2% | ||
| Q2 25 | 33.3% | 77.0% | ||
| 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LITEMH
| Q4 25 | 9.7% | 7.0% | ||
| Q3 25 | 1.3% | 23.4% | ||
| Q2 25 | -1.7% | 18.0% | ||
| Q1 25 | -8.9% | — | ||
| Q4 24 | -12.8% | — | ||
| Q3 24 | -24.5% | — | ||
| Q2 24 | -43.3% | — | ||
| Q1 24 | -31.3% | — |
净利率LITEMH
| Q4 25 | 11.8% | -4.7% | ||
| Q3 25 | 0.8% | 15.7% | ||
| Q2 25 | 44.4% | 0.1% | ||
| Q1 25 | -10.4% | — | ||
| Q4 24 | -15.1% | — | ||
| Q3 24 | -24.5% | — | ||
| Q2 24 | -81.9% | — | ||
| Q1 24 | -34.7% | — |
每股收益（稀释后）LITEMH
| Q4 25 | $0.89 | $-0.11 | ||
| Q3 25 | $0.05 | $0.57 | ||
| Q2 25 | $3.10 | $0.00 | ||
| Q1 25 | $-0.64 | — | ||
| Q4 24 | $-0.88 | — | ||
| Q3 24 | $-1.21 | — | ||
| Q2 24 | $-3.75 | — | ||
| Q1 24 | $-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 | $1.2B | $514.4M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $846.6M | $775.3M |
| 总资产 | $4.8B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资LITEMH
| Q4 25 | $1.2B | $514.4M | ||
| Q3 25 | $1.1B | $463.2M | ||
| Q2 25 | $877.1M | $247.3M | ||
| Q1 25 | $866.7M | — | ||
| Q4 24 | $896.7M | — | ||
| Q3 24 | $916.1M | — | ||
| Q2 24 | $887.0M | — | ||
| Q1 24 | $870.9M | — |
总债务LITEMH
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LITEMH
| Q4 25 | $846.6M | $775.3M | ||
| Q3 25 | $780.8M | $794.6M | ||
| Q2 25 | $1.1B | $283.3M | ||
| Q1 25 | $879.5M | — | ||
| Q4 24 | $872.3M | — | ||
| Q3 24 | $895.9M | — | ||
| Q2 24 | $957.3M | — | ||
| Q1 24 | $1.2B | — |
总资产LITEMH
| Q4 25 | $4.8B | $5.6B | ||
| Q3 25 | $4.6B | $6.0B | ||
| Q2 25 | $4.2B | $5.7B | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $4.2B | — |
负债/权益比LITEMH
| Q4 25 | — | 3.36× | ||
| Q3 25 | — | 3.52× | ||
| Q2 25 | — | 11.17× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $309.0M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $285.4M |
| 自由现金流率自由现金流/营收 | 6.5% | 65.7% |
| 资本支出强度资本支出/营收 | 12.6% | 5.4% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流LITEMH
| Q4 25 | $126.7M | $309.0M | ||
| Q3 25 | $57.9M | $265.0M | ||
| Q2 25 | $64.0M | $-96.7M | ||
| Q1 25 | $-1.6M | — | ||
| Q4 24 | $24.3M | — | ||
| Q3 24 | $39.6M | — | ||
| Q2 24 | $35.5M | — | ||
| Q1 24 | $-7.0M | — |
自由现金流LITEMH
| Q4 25 | $43.1M | $285.4M | ||
| Q3 25 | $-18.3M | $243.8M | ||
| Q2 25 | $10.1M | $-112.9M | ||
| Q1 25 | $-64.4M | — | ||
| Q4 24 | $-15.9M | — | ||
| Q3 24 | $-34.5M | — | ||
| Q2 24 | $10.9M | — | ||
| Q1 24 | $-26.6M | — |
自由现金流率LITEMH
| Q4 25 | 6.5% | 65.7% | ||
| Q3 25 | -3.4% | 36.4% | ||
| Q2 25 | 2.1% | -21.1% | ||
| Q1 25 | -15.1% | — | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -10.2% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | -7.3% | — |
资本支出强度LITEMH
| Q4 25 | 12.6% | 5.4% | ||
| Q3 25 | 14.3% | 3.2% | ||
| Q2 25 | 11.2% | 3.0% | ||
| Q1 25 | 14.8% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 22.0% | — | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 5.3% | — |
现金转化率LITEMH
| Q4 25 | 1.62× | — | ||
| Q3 25 | 13.79× | 2.52× | ||
| Q2 25 | 0.30× | -192.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
