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朗美通（LITE）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是朗美通的1.2倍（$805.0M vs $665.5M），朗美通净利率更高（11.8% vs -5.9%，领先17.6%），朗美通同比增速更快（65.5% vs 30.5%），朗美通自由现金流更多（$43.1M vs $-17.1M），过去两年朗美通的营收复合增速更高（34.8% vs 15.5%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
LITE vs MOD — 直观对比
营收规模更大
MOD
是对方的1.2倍
$665.5M
营收增速更快
LITE
高出35.0%
30.5%
净利率更高
LITE
高出17.6%
-5.9%
自由现金流更多
LITE
多$60.2M
$-17.1M
两年增速更快
LITE
近两年复合增速
15.5%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $805.0M |
| 净利润 | $78.2M | $-47.4M |
| 毛利率 | 36.1% | 23.1% |
| 营业利润率 | 9.7% | 11.1% |
| 净利率 | 11.8% | -5.9% |
| 营收同比 | 65.5% | 30.5% |
| 净利润同比 | 228.4% | -215.6% |
| 每股收益（稀释后） | $0.89 | $-0.90 |
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LITEMOD
| Q4 25 | $665.5M | $805.0M | ||
| Q3 25 | $533.8M | $738.9M | ||
| Q2 25 | $480.7M | $682.8M | ||
| Q1 25 | $425.2M | $647.2M | ||
| Q4 24 | $402.2M | $616.8M | ||
| Q3 24 | $336.9M | $658.0M | ||
| Q2 24 | $308.3M | $661.5M | ||
| Q1 24 | $366.5M | $603.5M |
净利润LITEMOD
| Q4 25 | $78.2M | $-47.4M | ||
| Q3 25 | $4.2M | $44.4M | ||
| Q2 25 | $213.3M | $51.2M | ||
| Q1 25 | $-44.1M | $49.6M | ||
| Q4 24 | $-60.9M | $41.0M | ||
| Q3 24 | $-82.4M | $46.1M | ||
| Q2 24 | $-252.5M | $47.3M | ||
| Q1 24 | $-127.0M | $25.8M |
毛利率LITEMOD
| Q4 25 | 36.1% | 23.1% | ||
| Q3 25 | 34.0% | 22.3% | ||
| Q2 25 | 33.3% | 24.2% | ||
| Q1 25 | 28.8% | 25.6% | ||
| Q4 24 | 24.8% | 24.3% | ||
| Q3 24 | 23.1% | 25.2% | ||
| Q2 24 | 16.6% | 24.6% | ||
| Q1 24 | 16.2% | 22.4% |
营业利润率LITEMOD
| Q4 25 | 9.7% | 11.1% | ||
| Q3 25 | 1.3% | 9.9% | ||
| Q2 25 | -1.7% | 11.1% | ||
| Q1 25 | -8.9% | 11.5% | ||
| Q4 24 | -12.8% | 9.6% | ||
| Q3 24 | -24.5% | 11.4% | ||
| Q2 24 | -43.3% | 11.2% | ||
| Q1 24 | -31.3% | 7.8% |
净利率LITEMOD
| Q4 25 | 11.8% | -5.9% | ||
| Q3 25 | 0.8% | 6.0% | ||
| Q2 25 | 44.4% | 7.5% | ||
| Q1 25 | -10.4% | 7.7% | ||
| Q4 24 | -15.1% | 6.6% | ||
| Q3 24 | -24.5% | 7.0% | ||
| Q2 24 | -81.9% | 7.2% | ||
| Q1 24 | -34.7% | 4.3% |
每股收益（稀释后）LITEMOD
| Q4 25 | $0.89 | $-0.90 | ||
| Q3 25 | $0.05 | $0.83 | ||
| Q2 25 | $3.10 | $0.95 | ||
| Q1 25 | $-0.64 | $0.92 | ||
| Q4 24 | $-0.88 | $0.76 | ||
| Q3 24 | $-1.21 | $0.86 | ||
| Q2 24 | $-3.75 | $0.88 | ||
| Q1 24 | $-1.88 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | — | $570.7M |
| 股东权益账面价值 | $846.6M | $1.1B |
| 总资产 | $4.8B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资LITEMOD
| Q4 25 | $1.2B | $98.7M | ||
| Q3 25 | $1.1B | $83.8M | ||
| Q2 25 | $877.1M | $124.5M | ||
| Q1 25 | $866.7M | $71.6M | ||
| Q4 24 | $896.7M | $83.8M | ||
| Q3 24 | $916.1M | $78.6M | ||
| Q2 24 | $887.0M | $72.9M | ||
| Q1 24 | $870.9M | $60.1M |
总债务LITEMOD
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
股东权益LITEMOD
| Q4 25 | $846.6M | $1.1B | ||
| Q3 25 | $780.8M | $1.1B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $879.5M | $910.2M | ||
| Q4 24 | $872.3M | $855.1M | ||
| Q3 24 | $895.9M | $858.8M | ||
| Q2 24 | $957.3M | $788.4M | ||
| Q1 24 | $1.2B | $747.6M |
总资产LITEMOD
| Q4 25 | $4.8B | $2.5B | ||
| Q3 25 | $4.6B | $2.4B | ||
| Q2 25 | $4.2B | $2.2B | ||
| Q1 25 | $4.0B | $1.9B | ||
| Q4 24 | $4.0B | $1.8B | ||
| Q3 24 | $4.0B | $1.9B | ||
| Q2 24 | $3.9B | $1.9B | ||
| Q1 24 | $4.2B | $1.9B |
负债/权益比LITEMOD
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $-17.1M |
| 自由现金流率自由现金流/营收 | 6.5% | -2.1% |
| 资本支出强度资本支出/营收 | 12.6% | 5.2% |
| 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 | $-20.3M |
8季度趋势，按日历期对齐
经营现金流LITEMOD
| Q4 25 | $126.7M | $24.7M | ||
| Q3 25 | $57.9M | $1.4M | ||
| Q2 25 | $64.0M | $27.7M | ||
| Q1 25 | $-1.6M | $54.8M | ||
| Q4 24 | $24.3M | $60.7M | ||
| Q3 24 | $39.6M | $57.3M | ||
| Q2 24 | $35.5M | $40.5M | ||
| Q1 24 | $-7.0M | $39.6M |
自由现金流LITEMOD
| Q4 25 | $43.1M | $-17.1M | ||
| Q3 25 | $-18.3M | $-30.5M | ||
| Q2 25 | $10.1M | $200.0K | ||
| Q1 25 | $-64.4M | $27.1M | ||
| Q4 24 | $-15.9M | $44.7M | ||
| Q3 24 | $-34.5M | $43.8M | ||
| Q2 24 | $10.9M | $13.7M | ||
| Q1 24 | $-26.6M | $-4.3M |
自由现金流率LITEMOD
| Q4 25 | 6.5% | -2.1% | ||
| Q3 25 | -3.4% | -4.1% | ||
| Q2 25 | 2.1% | 0.0% | ||
| Q1 25 | -15.1% | 4.2% | ||
| Q4 24 | -4.0% | 7.2% | ||
| Q3 24 | -10.2% | 6.7% | ||
| Q2 24 | 3.5% | 2.1% | ||
| Q1 24 | -7.3% | -0.7% |
资本支出强度LITEMOD
| Q4 25 | 12.6% | 5.2% | ||
| Q3 25 | 14.3% | 4.3% | ||
| Q2 25 | 11.2% | 4.0% | ||
| Q1 25 | 14.8% | 4.3% | ||
| Q4 24 | 10.0% | 2.6% | ||
| Q3 24 | 22.0% | 2.1% | ||
| Q2 24 | 8.0% | 4.1% | ||
| Q1 24 | 5.3% | 7.3% |
现金转化率LITEMOD
| Q4 25 | 1.62× | — | ||
| Q3 25 | 13.79× | 0.03× | ||
| Q2 25 | 0.30× | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | — | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
