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朗美通（LITE）与NATIONAL HEALTHCARE CORP（NHC）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NATIONAL HEALTHCARE CORP的1.7倍（$665.5M vs $386.5M），朗美通净利率更高（11.8% vs 6.4%，领先5.3%），朗美通同比增速更快（65.5% vs 4.6%），朗美通自由现金流更多（$43.1M vs $6.4M），过去两年朗美通的营收复合增速更高（34.8% vs 14.0%）
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。
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
LITE vs NHC — 直观对比
营收规模更大
LITE
是对方的1.7倍
$386.5M
营收增速更快
LITE
高出60.8%
4.6%
净利率更高
LITE
高出5.3%
6.4%
自由现金流更多
LITE
多$36.7M
$6.4M
两年增速更快
LITE
近两年复合增速
14.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $386.5M |
| 净利润 | $78.2M | $24.8M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 8.6% |
| 净利率 | 11.8% | 6.4% |
| 营收同比 | 65.5% | 4.6% |
| 净利润同比 | 228.4% | 308.6% |
| 每股收益（稀释后） | $0.89 | $1.58 |
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LITENHC
| Q4 25 | $665.5M | $386.5M | ||
| Q3 25 | $533.8M | $382.7M | ||
| Q2 25 | $480.7M | $374.9M | ||
| Q1 25 | $425.2M | $373.7M | ||
| Q4 24 | $402.2M | $369.4M | ||
| Q3 24 | $336.9M | $340.2M | ||
| Q2 24 | $308.3M | $300.7M | ||
| Q1 24 | $366.5M | $297.2M |
净利润LITENHC
| Q4 25 | $78.2M | $24.8M | ||
| Q3 25 | $4.2M | $39.2M | ||
| Q2 25 | $213.3M | $23.7M | ||
| Q1 25 | $-44.1M | $32.2M | ||
| Q4 24 | $-60.9M | $6.1M | ||
| Q3 24 | $-82.4M | $42.8M | ||
| Q2 24 | $-252.5M | $26.8M | ||
| Q1 24 | $-127.0M | $26.2M |
毛利率LITENHC
| 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LITENHC
| Q4 25 | 9.7% | 8.6% | ||
| Q3 25 | 1.3% | 7.9% | ||
| Q2 25 | -1.7% | 9.1% | ||
| Q1 25 | -8.9% | 8.2% | ||
| Q4 24 | -12.8% | 7.8% | ||
| Q3 24 | -24.5% | 6.7% | ||
| Q2 24 | -43.3% | 7.5% | ||
| Q1 24 | -31.3% | 5.3% |
净利率LITENHC
| Q4 25 | 11.8% | 6.4% | ||
| Q3 25 | 0.8% | 10.3% | ||
| Q2 25 | 44.4% | 6.3% | ||
| Q1 25 | -10.4% | 8.6% | ||
| Q4 24 | -15.1% | 1.6% | ||
| Q3 24 | -24.5% | 12.6% | ||
| Q2 24 | -81.9% | 8.9% | ||
| Q1 24 | -34.7% | 8.8% |
每股收益（稀释后）LITENHC
| Q4 25 | $0.89 | $1.58 | ||
| Q3 25 | $0.05 | $2.50 | ||
| Q2 25 | $3.10 | $1.52 | ||
| Q1 25 | $-0.64 | $2.07 | ||
| Q4 24 | $-0.88 | $0.38 | ||
| Q3 24 | $-1.21 | $2.73 | ||
| Q2 24 | $-3.75 | $1.73 | ||
| Q1 24 | $-1.88 | $1.69 |
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 | $92.8M |
| 总债务越低越好 | — | $40.0M |
| 股东权益账面价值 | $846.6M | $1.1B |
| 总资产 | $4.8B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资LITENHC
| Q4 25 | $1.2B | $92.8M | ||
| Q3 25 | $1.1B | $130.6M | ||
| Q2 25 | $877.1M | $111.0M | ||
| Q1 25 | $866.7M | $90.4M | ||
| Q4 24 | $896.7M | $76.1M | ||
| Q3 24 | $916.1M | $84.8M | ||
| Q2 24 | $887.0M | $136.2M | ||
| Q1 24 | $870.9M | $94.0M |
总债务LITENHC
| Q4 25 | — | $40.0M | ||
| Q3 25 | — | $73.1M | ||
| Q2 25 | — | $110.0M | ||
| Q1 25 | — | $134.0M | ||
| Q4 24 | — | $137.0M | ||
| Q3 24 | — | $147.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LITENHC
| Q4 25 | $846.6M | $1.1B | ||
| Q3 25 | $780.8M | $1.1B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $879.5M | $1.0B | ||
| Q4 24 | $872.3M | $980.2M | ||
| Q3 24 | $895.9M | $983.5M | ||
| Q2 24 | $957.3M | $945.8M | ||
| Q1 24 | $1.2B | $924.7M |
总资产LITENHC
| Q4 25 | $4.8B | $1.5B | ||
| Q3 25 | $4.6B | $1.6B | ||
| Q2 25 | $4.2B | $1.6B | ||
| Q1 25 | $4.0B | $1.5B | ||
| Q4 24 | $4.0B | $1.5B | ||
| Q3 24 | $4.0B | $1.6B | ||
| Q2 24 | $3.9B | $1.3B | ||
| Q1 24 | $4.2B | $1.3B |
负债/权益比LITENHC
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| 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 | $16.8M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $6.4M |
| 自由现金流率自由现金流/营收 | 6.5% | 1.7% |
| 资本支出强度资本支出/营收 | 12.6% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.62× | 0.68× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $148.6M |
8季度趋势，按日历期对齐
经营现金流LITENHC
| Q4 25 | $126.7M | $16.8M | ||
| Q3 25 | $57.9M | $66.2M | ||
| Q2 25 | $64.0M | $62.8M | ||
| Q1 25 | $-1.6M | $39.3M | ||
| Q4 24 | $24.3M | $12.8M | ||
| Q3 24 | $39.6M | $34.2M | ||
| Q2 24 | $35.5M | $50.7M | ||
| Q1 24 | $-7.0M | $9.6M |
自由现金流LITENHC
| Q4 25 | $43.1M | $6.4M | ||
| Q3 25 | $-18.3M | $56.5M | ||
| Q2 25 | $10.1M | $52.6M | ||
| Q1 25 | $-64.4M | $33.1M | ||
| Q4 24 | $-15.9M | $4.6M | ||
| Q3 24 | $-34.5M | $28.6M | ||
| Q2 24 | $10.9M | $42.8M | ||
| Q1 24 | $-26.6M | $3.7M |
自由现金流率LITENHC
| Q4 25 | 6.5% | 1.7% | ||
| Q3 25 | -3.4% | 14.8% | ||
| Q2 25 | 2.1% | 14.0% | ||
| Q1 25 | -15.1% | 8.9% | ||
| Q4 24 | -4.0% | 1.3% | ||
| Q3 24 | -10.2% | 8.4% | ||
| Q2 24 | 3.5% | 14.2% | ||
| Q1 24 | -7.3% | 1.2% |
资本支出强度LITENHC
| Q4 25 | 12.6% | 2.7% | ||
| Q3 25 | 14.3% | 2.5% | ||
| Q2 25 | 11.2% | 2.7% | ||
| Q1 25 | 14.8% | 1.6% | ||
| Q4 24 | 10.0% | 2.2% | ||
| Q3 24 | 22.0% | 1.7% | ||
| Q2 24 | 8.0% | 2.6% | ||
| Q1 24 | 5.3% | 2.0% |
现金转化率LITENHC
| Q4 25 | 1.62× | 0.68× | ||
| Q3 25 | 13.79× | 1.69× | ||
| Q2 25 | 0.30× | 2.65× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 1.89× | ||
| Q1 24 | — | 0.37× |
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% |
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 0% |
