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朗美通（LITE）与巴诺书店（NE）财务数据对比。点击上方公司名可切换其他公司
巴诺书店的季度营收约是朗美通的1.1倍（$764.4M vs $665.5M），朗美通净利率更高（11.8% vs 11.3%，领先0.4%），朗美通同比增速更快（65.5% vs -17.6%），朗美通自由现金流更多（$43.1M vs $35.4M），过去两年朗美通的营收复合增速更高（34.8% vs 9.5%）
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。
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
LITE vs NE — 直观对比
营收规模更大
NE
是对方的1.1倍
$665.5M
营收增速更快
LITE
高出83.0%
-17.6%
净利率更高
LITE
高出0.4%
11.3%
自由现金流更多
LITE
多$7.7M
$35.4M
两年增速更快
LITE
近两年复合增速
9.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $764.4M |
| 净利润 | $78.2M | $86.6M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 5.6% |
| 净利率 | 11.8% | 11.3% |
| 营收同比 | 65.5% | -17.6% |
| 净利润同比 | 228.4% | -10.4% |
| 每股收益（稀释后） | $0.89 | $0.54 |
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LITENE
| Q4 25 | $665.5M | $764.4M | ||
| Q3 25 | $533.8M | $798.0M | ||
| Q2 25 | $480.7M | $848.7M | ||
| Q1 25 | $425.2M | $874.5M | ||
| Q4 24 | $402.2M | $927.3M | ||
| Q3 24 | $336.9M | $800.5M | ||
| Q2 24 | $308.3M | $692.8M | ||
| Q1 24 | $366.5M | $637.1M |
净利润LITENE
| Q4 25 | $78.2M | $86.6M | ||
| Q3 25 | $4.2M | $-21.1M | ||
| Q2 25 | $213.3M | $42.9M | ||
| Q1 25 | $-44.1M | $108.3M | ||
| Q4 24 | $-60.9M | $96.6M | ||
| Q3 24 | $-82.4M | $61.2M | ||
| Q2 24 | $-252.5M | $195.0M | ||
| Q1 24 | $-127.0M | $95.5M |
毛利率LITENE
| 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LITENE
| Q4 25 | 9.7% | 5.6% | ||
| Q3 25 | 1.3% | 6.3% | ||
| Q2 25 | -1.7% | 15.9% | ||
| Q1 25 | -8.9% | 21.4% | ||
| Q4 24 | -12.8% | 18.4% | ||
| Q3 24 | -24.5% | 14.4% | ||
| Q2 24 | -43.3% | 30.3% | ||
| Q1 24 | -31.3% | 16.9% |
净利率LITENE
| Q4 25 | 11.8% | 11.3% | ||
| Q3 25 | 0.8% | -2.6% | ||
| Q2 25 | 44.4% | 5.1% | ||
| Q1 25 | -10.4% | 12.4% | ||
| Q4 24 | -15.1% | 10.4% | ||
| Q3 24 | -24.5% | 7.6% | ||
| Q2 24 | -81.9% | 28.1% | ||
| Q1 24 | -34.7% | 15.0% |
每股收益（稀释后）LITENE
| Q4 25 | $0.89 | $0.54 | ||
| Q3 25 | $0.05 | $-0.13 | ||
| Q2 25 | $3.10 | $0.27 | ||
| Q1 25 | $-0.64 | $0.67 | ||
| Q4 24 | $-0.88 | $0.56 | ||
| Q3 24 | $-1.21 | $0.40 | ||
| Q2 24 | $-3.75 | $1.34 | ||
| Q1 24 | $-1.88 | $0.66 |
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 | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.6M | $4.5B |
| 总资产 | $4.8B | $7.5B |
| 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LITENE
| Q4 25 | $1.2B | $471.4M | ||
| Q3 25 | $1.1B | $477.9M | ||
| Q2 25 | $877.1M | $338.2M | ||
| Q1 25 | $866.7M | $303.8M | ||
| Q4 24 | $896.7M | $247.3M | ||
| Q3 24 | $916.1M | $391.9M | ||
| Q2 24 | $887.0M | $162.9M | ||
| Q1 24 | $870.9M | $212.5M |
股东权益LITENE
| Q4 25 | $846.6M | $4.5B | ||
| Q3 25 | $780.8M | $4.5B | ||
| Q2 25 | $1.1B | $4.6B | ||
| Q1 25 | $879.5M | $4.7B | ||
| Q4 24 | $872.3M | $4.7B | ||
| Q3 24 | $895.9M | $4.7B | ||
| Q2 24 | $957.3M | $4.0B | ||
| Q1 24 | $1.2B | $3.9B |
总资产LITENE
| Q4 25 | $4.8B | $7.5B | ||
| Q3 25 | $4.6B | $7.6B | ||
| Q2 25 | $4.2B | $7.7B | ||
| Q1 25 | $4.0B | $7.9B | ||
| Q4 24 | $4.0B | $8.0B | ||
| Q3 24 | $4.0B | $8.0B | ||
| Q2 24 | $3.9B | $5.6B | ||
| Q1 24 | $4.2B | $5.4B |
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 | $187.1M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $35.4M |
| 自由现金流率自由现金流/营收 | 6.5% | 4.6% |
| 资本支出强度资本支出/营收 | 12.6% | 19.9% |
| 现金转化率经营现金流/净利润 | 1.62× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $432.2M |
8季度趋势，按日历期对齐
经营现金流LITENE
| Q4 25 | $126.7M | $187.1M | ||
| Q3 25 | $57.9M | $277.1M | ||
| Q2 25 | $64.0M | $216.4M | ||
| Q1 25 | $-1.6M | $271.1M | ||
| Q4 24 | $24.3M | $136.2M | ||
| Q3 24 | $39.6M | $283.8M | ||
| Q2 24 | $35.5M | $106.8M | ||
| Q1 24 | $-7.0M | $128.7M |
自由现金流LITENE
| Q4 25 | $43.1M | $35.4M | ||
| Q3 25 | $-18.3M | $139.5M | ||
| Q2 25 | $10.1M | $99.8M | ||
| Q1 25 | $-64.4M | $157.5M | ||
| Q4 24 | $-15.9M | $-4.4M | ||
| Q3 24 | $-34.5M | $156.8M | ||
| Q2 24 | $10.9M | $-34.3M | ||
| Q1 24 | $-26.6M | $-37.9M |
自由现金流率LITENE
| Q4 25 | 6.5% | 4.6% | ||
| Q3 25 | -3.4% | 17.5% | ||
| Q2 25 | 2.1% | 11.8% | ||
| Q1 25 | -15.1% | 18.0% | ||
| Q4 24 | -4.0% | -0.5% | ||
| Q3 24 | -10.2% | 19.6% | ||
| Q2 24 | 3.5% | -4.9% | ||
| Q1 24 | -7.3% | -6.0% |
资本支出强度LITENE
| Q4 25 | 12.6% | 19.9% | ||
| Q3 25 | 14.3% | 17.3% | ||
| Q2 25 | 11.2% | 13.7% | ||
| Q1 25 | 14.8% | 13.0% | ||
| Q4 24 | 10.0% | 15.2% | ||
| Q3 24 | 22.0% | 15.9% | ||
| Q2 24 | 8.0% | 20.4% | ||
| Q1 24 | 5.3% | 26.2% |
现金转化率LITENE
| Q4 25 | 1.62× | 2.16× | ||
| Q3 25 | 13.79× | — | ||
| Q2 25 | 0.30× | 5.05× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 4.64× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 1.35× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
