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朗美通（LITE）与Martin Marietta Materials（MLM）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials的季度营收约是朗美通的1.7倍（$1.1B vs $665.5M），Martin Marietta Materials净利率更高（24.5% vs 11.8%，领先12.7%），朗美通同比增速更快（65.5% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
LITE vs MLM — 直观对比
营收规模更大
MLM
是对方的1.7倍
$665.5M
营收增速更快
LITE
高出95.6%
-30.1%
净利率更高
MLM
高出12.7%
11.8%
自由现金流更多
MLM
多$380.9M
$43.1M
两年增速更快
LITE
近两年复合增速
-4.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $1.1B |
| 净利润 | $78.2M | $279.0M |
| 毛利率 | 36.1% | 35.0% |
| 营业利润率 | 9.7% | 24.6% |
| 净利率 | 11.8% | 24.5% |
| 营收同比 | 65.5% | -30.1% |
| 净利润同比 | 228.4% | -4.8% |
| 每股收益（稀释后） | $0.89 | $4.59 |
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LITEMLM
| Q4 25 | $665.5M | $1.1B | ||
| Q3 25 | $533.8M | $1.8B | ||
| Q2 25 | $480.7M | $1.8B | ||
| Q1 25 | $425.2M | $1.4B | ||
| Q4 24 | $402.2M | $1.6B | ||
| Q3 24 | $336.9M | $1.9B | ||
| Q2 24 | $308.3M | $1.8B | ||
| Q1 24 | $366.5M | $1.3B |
净利润LITEMLM
| Q4 25 | $78.2M | $279.0M | ||
| Q3 25 | $4.2M | $414.0M | ||
| Q2 25 | $213.3M | $328.0M | ||
| Q1 25 | $-44.1M | $116.0M | ||
| Q4 24 | $-60.9M | $293.0M | ||
| Q3 24 | $-82.4M | $363.0M | ||
| Q2 24 | $-252.5M | $294.0M | ||
| Q1 24 | $-127.0M | $1.0B |
毛利率LITEMLM
| Q4 25 | 36.1% | 35.0% | ||
| Q3 25 | 34.0% | 33.1% | ||
| Q2 25 | 33.3% | 30.0% | ||
| Q1 25 | 28.8% | 24.8% | ||
| Q4 24 | 24.8% | 30.0% | ||
| Q3 24 | 23.1% | 31.7% | ||
| Q2 24 | 16.6% | 29.3% | ||
| Q1 24 | 16.2% | 21.7% |
营业利润率LITEMLM
| Q4 25 | 9.7% | 24.6% | ||
| Q3 25 | 1.3% | 27.4% | ||
| Q2 25 | -1.7% | 25.3% | ||
| Q1 25 | -8.9% | 14.3% | ||
| Q4 24 | -12.8% | 24.4% | ||
| Q3 24 | -24.5% | 25.9% | ||
| Q2 24 | -43.3% | 22.6% | ||
| Q1 24 | -31.3% | — |
净利率LITEMLM
| Q4 25 | 11.8% | 24.5% | ||
| Q3 25 | 0.8% | 22.4% | ||
| Q2 25 | 44.4% | 18.1% | ||
| Q1 25 | -10.4% | 8.6% | ||
| Q4 24 | -15.1% | 18.0% | ||
| Q3 24 | -24.5% | 19.2% | ||
| Q2 24 | -81.9% | 16.7% | ||
| Q1 24 | -34.7% | 83.5% |
每股收益（稀释后）LITEMLM
| Q4 25 | $0.89 | $4.59 | ||
| Q3 25 | $0.05 | $6.85 | ||
| Q2 25 | $3.10 | $5.43 | ||
| Q1 25 | $-0.64 | $1.90 | ||
| Q4 24 | $-0.88 | $4.87 | ||
| Q3 24 | $-1.21 | $5.91 | ||
| Q2 24 | $-3.75 | $4.76 | ||
| Q1 24 | $-1.88 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $846.6M | $10.0B |
| 总资产 | $4.8B | $18.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资LITEMLM
| Q4 25 | $1.2B | $67.0M | ||
| Q3 25 | $1.1B | $57.0M | ||
| Q2 25 | $877.1M | $225.0M | ||
| Q1 25 | $866.7M | $101.0M | ||
| Q4 24 | $896.7M | $670.0M | ||
| Q3 24 | $916.1M | $52.0M | ||
| Q2 24 | $887.0M | $109.0M | ||
| Q1 24 | $870.9M | $2.6B |
总债务LITEMLM
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益LITEMLM
| Q4 25 | $846.6M | $10.0B | ||
| Q3 25 | $780.8M | $9.7B | ||
| Q2 25 | $1.1B | $9.4B | ||
| Q1 25 | $879.5M | $9.1B | ||
| Q4 24 | $872.3M | $9.5B | ||
| Q3 24 | $895.9M | $9.2B | ||
| Q2 24 | $957.3M | $8.8B | ||
| Q1 24 | $1.2B | $8.9B |
总资产LITEMLM
| Q4 25 | $4.8B | $18.7B | ||
| Q3 25 | $4.6B | $18.7B | ||
| Q2 25 | $4.2B | $18.1B | ||
| Q1 25 | $4.0B | $17.7B | ||
| Q4 24 | $4.0B | $18.2B | ||
| Q3 24 | $4.0B | $16.5B | ||
| Q2 24 | $3.9B | $16.3B | ||
| Q1 24 | $4.2B | $16.2B |
负债/权益比LITEMLM
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $424.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 37.2% |
| 资本支出强度资本支出/营收 | 12.6% | 18.0% |
| 现金转化率经营现金流/净利润 | 1.62× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $978.0M |
8季度趋势，按日历期对齐
经营现金流LITEMLM
| Q4 25 | $126.7M | $629.0M | ||
| Q3 25 | $57.9M | $551.0M | ||
| Q2 25 | $64.0M | $387.0M | ||
| Q1 25 | $-1.6M | $218.0M | ||
| Q4 24 | $24.3M | $686.0M | ||
| Q3 24 | $39.6M | $600.0M | ||
| Q2 24 | $35.5M | $1.0M | ||
| Q1 24 | $-7.0M | $172.0M |
自由现金流LITEMLM
| Q4 25 | $43.1M | $424.0M | ||
| Q3 25 | $-18.3M | $361.0M | ||
| Q2 25 | $10.1M | $208.0M | ||
| Q1 25 | $-64.4M | $-15.0M | ||
| Q4 24 | $-15.9M | $453.0M | ||
| Q3 24 | $-34.5M | $317.0M | ||
| Q2 24 | $10.9M | $-138.0M | ||
| Q1 24 | $-26.6M | $-28.0M |
自由现金流率LITEMLM
| Q4 25 | 6.5% | 37.2% | ||
| Q3 25 | -3.4% | 19.6% | ||
| Q2 25 | 2.1% | 11.5% | ||
| Q1 25 | -15.1% | -1.1% | ||
| Q4 24 | -4.0% | 27.8% | ||
| Q3 24 | -10.2% | 16.8% | ||
| Q2 24 | 3.5% | -7.8% | ||
| Q1 24 | -7.3% | -2.2% |
资本支出强度LITEMLM
| Q4 25 | 12.6% | 18.0% | ||
| Q3 25 | 14.3% | 10.3% | ||
| Q2 25 | 11.2% | 9.9% | ||
| Q1 25 | 14.8% | 17.2% | ||
| Q4 24 | 10.0% | 14.3% | ||
| Q3 24 | 22.0% | 15.0% | ||
| Q2 24 | 8.0% | 7.9% | ||
| Q1 24 | 5.3% | 16.0% |
现金转化率LITEMLM
| Q4 25 | 1.62× | 2.25× | ||
| Q3 25 | 13.79× | 1.33× | ||
| Q2 25 | 0.30× | 1.18× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
