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朗美通（LITE）与M/I HOMES, INC.（MHO）财务数据对比。点击上方公司名可切换其他公司
M/I HOMES, INC.的季度营收约是朗美通的1.7倍（$1.1B vs $665.5M），朗美通净利率更高（11.8% vs 5.6%，领先6.2%），朗美通同比增速更快（65.5% vs -4.8%），朗美通自由现金流更多（$43.1M vs $-13.0M），过去两年朗美通的营收复合增速更高（34.8% vs 4.7%）
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。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
LITE vs MHO — 直观对比
营收规模更大
MHO
是对方的1.7倍
$665.5M
营收增速更快
LITE
高出70.3%
-4.8%
净利率更高
LITE
高出6.2%
5.6%
自由现金流更多
LITE
多$56.1M
$-13.0M
两年增速更快
LITE
近两年复合增速
4.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $1.1B |
| 净利润 | $78.2M | $64.0M |
| 毛利率 | 36.1% | 17.4% |
| 营业利润率 | 9.7% | 6.5% |
| 净利率 | 11.8% | 5.6% |
| 营收同比 | 65.5% | -4.8% |
| 净利润同比 | 228.4% | -52.1% |
| 每股收益（稀释后） | $0.89 | $2.42 |
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LITEMHO
| Q4 25 | $665.5M | $1.1B | ||
| Q3 25 | $533.8M | $1.1B | ||
| Q2 25 | $480.7M | $1.2B | ||
| Q1 25 | $425.2M | $976.1M | ||
| Q4 24 | $402.2M | $1.2B | ||
| Q3 24 | $336.9M | $1.1B | ||
| Q2 24 | $308.3M | $1.1B | ||
| Q1 24 | $366.5M | $1.0B |
净利润LITEMHO
| Q4 25 | $78.2M | $64.0M | ||
| Q3 25 | $4.2M | $106.5M | ||
| Q2 25 | $213.3M | $121.2M | ||
| Q1 25 | $-44.1M | $111.2M | ||
| Q4 24 | $-60.9M | $133.5M | ||
| Q3 24 | $-82.4M | $145.4M | ||
| Q2 24 | $-252.5M | $146.7M | ||
| Q1 24 | $-127.0M | $138.1M |
毛利率LITEMHO
| Q4 25 | 36.1% | 17.4% | ||
| Q3 25 | 34.0% | 24.5% | ||
| Q2 25 | 33.3% | 24.7% | ||
| Q1 25 | 28.8% | 25.9% | ||
| Q4 24 | 24.8% | 24.6% | ||
| Q3 24 | 23.1% | 27.1% | ||
| Q2 24 | 16.6% | 27.9% | ||
| Q1 24 | 16.2% | 27.1% |
营业利润率LITEMHO
| Q4 25 | 9.7% | 6.5% | ||
| Q3 25 | 1.3% | 12.0% | ||
| Q2 25 | -1.7% | 13.4% | ||
| Q1 25 | -8.9% | 14.4% | ||
| Q4 24 | -12.8% | 13.6% | ||
| Q3 24 | -24.5% | 15.9% | ||
| Q2 24 | -43.3% | 16.8% | ||
| Q1 24 | -31.3% | 16.6% |
净利率LITEMHO
| Q4 25 | 11.8% | 5.6% | ||
| Q3 25 | 0.8% | 9.4% | ||
| Q2 25 | 44.4% | 10.4% | ||
| Q1 25 | -10.4% | 11.4% | ||
| Q4 24 | -15.1% | 11.1% | ||
| Q3 24 | -24.5% | 12.7% | ||
| Q2 24 | -81.9% | 13.2% | ||
| Q1 24 | -34.7% | 13.2% |
每股收益（稀释后）LITEMHO
| Q4 25 | $0.89 | $2.42 | ||
| Q3 25 | $0.05 | $3.92 | ||
| Q2 25 | $3.10 | $4.42 | ||
| Q1 25 | $-0.64 | $3.98 | ||
| Q4 24 | $-0.88 | $4.71 | ||
| Q3 24 | $-1.21 | $5.10 | ||
| Q2 24 | $-3.75 | $5.12 | ||
| Q1 24 | $-1.88 | $4.78 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.6M | $3.2B |
| 总资产 | $4.8B | $4.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LITEMHO
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $877.1M | — | ||
| Q1 25 | $866.7M | — | ||
| Q4 24 | $896.7M | — | ||
| Q3 24 | $916.1M | — | ||
| Q2 24 | $887.0M | — | ||
| Q1 24 | $870.9M | — |
股东权益LITEMHO
| Q4 25 | $846.6M | $3.2B | ||
| Q3 25 | $780.8M | $3.1B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $879.5M | $3.0B | ||
| Q4 24 | $872.3M | $2.9B | ||
| Q3 24 | $895.9M | $2.8B | ||
| Q2 24 | $957.3M | $2.7B | ||
| Q1 24 | $1.2B | $2.6B |
总资产LITEMHO
| Q4 25 | $4.8B | $4.8B | ||
| Q3 25 | $4.6B | $4.8B | ||
| Q2 25 | $4.2B | $4.7B | ||
| Q1 25 | $4.0B | $4.6B | ||
| Q4 24 | $4.0B | $4.5B | ||
| Q3 24 | $4.0B | $4.5B | ||
| Q2 24 | $3.9B | $4.3B | ||
| Q1 24 | $4.2B | $4.2B |
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 | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $-13.0M |
| 自由现金流率自由现金流/营收 | 6.5% | -1.1% |
| 资本支出强度资本支出/营收 | 12.6% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.62× | -0.14× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $127.7M |
8季度趋势，按日历期对齐
经营现金流LITEMHO
| Q4 25 | $126.7M | $-8.7M | ||
| Q3 25 | $57.9M | $43.4M | ||
| Q2 25 | $64.0M | $37.8M | ||
| Q1 25 | $-1.6M | $64.9M | ||
| Q4 24 | $24.3M | $104.4M | ||
| Q3 24 | $39.6M | $-67.9M | ||
| Q2 24 | $35.5M | $27.5M | ||
| Q1 24 | $-7.0M | $115.8M |
自由现金流LITEMHO
| Q4 25 | $43.1M | $-13.0M | ||
| Q3 25 | $-18.3M | $42.0M | ||
| Q2 25 | $10.1M | $35.1M | ||
| Q1 25 | $-64.4M | $63.5M | ||
| Q4 24 | $-15.9M | $102.3M | ||
| Q3 24 | $-34.5M | $-68.5M | ||
| Q2 24 | $10.9M | $22.0M | ||
| Q1 24 | $-26.6M | $115.5M |
自由现金流率LITEMHO
| Q4 25 | 6.5% | -1.1% | ||
| Q3 25 | -3.4% | 3.7% | ||
| Q2 25 | 2.1% | 3.0% | ||
| Q1 25 | -15.1% | 6.5% | ||
| Q4 24 | -4.0% | 8.5% | ||
| Q3 24 | -10.2% | -6.0% | ||
| Q2 24 | 3.5% | 2.0% | ||
| Q1 24 | -7.3% | 11.0% |
资本支出强度LITEMHO
| Q4 25 | 12.6% | 0.4% | ||
| Q3 25 | 14.3% | 0.1% | ||
| Q2 25 | 11.2% | 0.2% | ||
| Q1 25 | 14.8% | 0.1% | ||
| Q4 24 | 10.0% | 0.2% | ||
| Q3 24 | 22.0% | 0.1% | ||
| Q2 24 | 8.0% | 0.5% | ||
| Q1 24 | 5.3% | 0.0% |
现金转化率LITEMHO
| Q4 25 | 1.62× | -0.14× | ||
| Q3 25 | 13.79× | 0.41× | ||
| Q2 25 | 0.30× | 0.31× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | -0.47× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.84× |
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% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
