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朗美通（LITE）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是朗美通的2.0倍（$1.3B vs $665.5M），OPEN TEXT CORP净利率更高（12.7% vs 11.8%，领先0.9%），朗美通同比增速更快（65.5% vs -0.6%），OPEN TEXT CORP自由现金流更多（$279.4M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs -4.3%）
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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
LITE vs OTEX — 直观对比
营收规模更大
OTEX
是对方的2.0倍
$665.5M
营收增速更快
LITE
高出66.0%
-0.6%
净利率更高
OTEX
高出0.9%
11.8%
自由现金流更多
OTEX
多$236.3M
$43.1M
两年增速更快
LITE
近两年复合增速
-4.3%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $1.3B |
| 净利润 | $78.2M | $168.1M |
| 毛利率 | 36.1% | 74.0% |
| 营业利润率 | 9.7% | 22.0% |
| 净利率 | 11.8% | 12.7% |
| 营收同比 | 65.5% | -0.6% |
| 净利润同比 | 228.4% | -26.9% |
| 每股收益（稀释后） | $0.89 | $0.66 |
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LITEOTEX
| Q4 25 | $665.5M | $1.3B | ||
| Q3 25 | $533.8M | $1.3B | ||
| Q2 25 | $480.7M | $1.3B | ||
| Q1 25 | $425.2M | $1.3B | ||
| Q4 24 | $402.2M | $1.3B | ||
| Q3 24 | $336.9M | $1.3B | ||
| Q2 24 | $308.3M | $1.4B | ||
| Q1 24 | $366.5M | $1.4B |
净利润LITEOTEX
| Q4 25 | $78.2M | $168.1M | ||
| Q3 25 | $4.2M | $146.6M | ||
| Q2 25 | $213.3M | $28.8M | ||
| Q1 25 | $-44.1M | $92.8M | ||
| Q4 24 | $-60.9M | $229.9M | ||
| Q3 24 | $-82.4M | $84.4M | ||
| Q2 24 | $-252.5M | $248.2M | ||
| Q1 24 | $-127.0M | $98.3M |
毛利率LITEOTEX
| Q4 25 | 36.1% | 74.0% | ||
| Q3 25 | 34.0% | 72.8% | ||
| Q2 25 | 33.3% | 72.3% | ||
| Q1 25 | 28.8% | 71.6% | ||
| Q4 24 | 24.8% | 73.3% | ||
| Q3 24 | 23.1% | 71.7% | ||
| Q2 24 | 16.6% | 72.5% | ||
| Q1 24 | 16.2% | 73.0% |
营业利润率LITEOTEX
| Q4 25 | 9.7% | 22.0% | ||
| Q3 25 | 1.3% | 21.0% | ||
| Q2 25 | -1.7% | 13.9% | ||
| Q1 25 | -8.9% | 16.7% | ||
| Q4 24 | -12.8% | 22.2% | ||
| Q3 24 | -24.5% | 16.3% | ||
| Q2 24 | -43.3% | 14.2% | ||
| Q1 24 | -31.3% | 15.7% |
净利率LITEOTEX
| Q4 25 | 11.8% | 12.7% | ||
| Q3 25 | 0.8% | 11.4% | ||
| Q2 25 | 44.4% | 2.2% | ||
| Q1 25 | -10.4% | 7.4% | ||
| Q4 24 | -15.1% | 17.2% | ||
| Q3 24 | -24.5% | 6.6% | ||
| Q2 24 | -81.9% | 18.2% | ||
| Q1 24 | -34.7% | 6.8% |
每股收益（稀释后）LITEOTEX
| Q4 25 | $0.89 | $0.66 | ||
| Q3 25 | $0.05 | $0.58 | ||
| Q2 25 | $3.10 | $0.11 | ||
| Q1 25 | $-0.64 | $0.35 | ||
| Q4 24 | $-0.88 | $0.87 | ||
| Q3 24 | $-1.21 | $0.32 | ||
| Q2 24 | $-3.75 | $0.91 | ||
| Q1 24 | $-1.88 | $0.36 |
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 | $1.3B |
| 总债务越低越好 | — | $6.4B |
| 股东权益账面价值 | $846.6M | $4.0B |
| 总资产 | $4.8B | $13.6B |
| 负债/权益比越低杠杆越低 | — | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资LITEOTEX
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $877.1M | $1.2B | ||
| Q1 25 | $866.7M | $1.3B | ||
| Q4 24 | $896.7M | $1.1B | ||
| Q3 24 | $916.1M | $1.0B | ||
| Q2 24 | $887.0M | $1.3B | ||
| Q1 24 | $870.9M | $1.1B |
总债务LITEOTEX
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
股东权益LITEOTEX
| Q4 25 | $846.6M | $4.0B | ||
| Q3 25 | $780.8M | $4.0B | ||
| Q2 25 | $1.1B | $3.9B | ||
| Q1 25 | $879.5M | $4.1B | ||
| Q4 24 | $872.3M | $4.2B | ||
| Q3 24 | $895.9M | $4.1B | ||
| Q2 24 | $957.3M | $4.2B | ||
| Q1 24 | $1.2B | $4.1B |
总资产LITEOTEX
| Q4 25 | $4.8B | $13.6B | ||
| Q3 25 | $4.6B | $13.5B | ||
| Q2 25 | $4.2B | $13.8B | ||
| Q1 25 | $4.0B | $13.8B | ||
| Q4 24 | $4.0B | $13.7B | ||
| Q3 24 | $4.0B | $13.8B | ||
| Q2 24 | $3.9B | $14.2B | ||
| Q1 24 | $4.2B | $16.4B |
负债/权益比LITEOTEX
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 2.02× |
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 | $318.7M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $279.4M |
| 自由现金流率自由现金流/营收 | 6.5% | 21.1% |
| 资本支出强度资本支出/营收 | 12.6% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.62× | 1.90× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $878.5M |
8季度趋势，按日历期对齐
经营现金流LITEOTEX
| Q4 25 | $126.7M | $318.7M | ||
| Q3 25 | $57.9M | $147.8M | ||
| Q2 25 | $64.0M | $158.2M | ||
| Q1 25 | $-1.6M | $402.2M | ||
| Q4 24 | $24.3M | $348.0M | ||
| Q3 24 | $39.6M | $-77.8M | ||
| Q2 24 | $35.5M | $185.2M | ||
| Q1 24 | $-7.0M | $384.7M |
自由现金流LITEOTEX
| Q4 25 | $43.1M | $279.4M | ||
| Q3 25 | $-18.3M | $101.2M | ||
| Q2 25 | $10.1M | $124.0M | ||
| Q1 25 | $-64.4M | $373.8M | ||
| Q4 24 | $-15.9M | $306.7M | ||
| Q3 24 | $-34.5M | $-117.1M | ||
| Q2 24 | $10.9M | $145.2M | ||
| Q1 24 | $-26.6M | $348.2M |
自由现金流率LITEOTEX
| Q4 25 | 6.5% | 21.1% | ||
| Q3 25 | -3.4% | 7.9% | ||
| Q2 25 | 2.1% | 9.5% | ||
| Q1 25 | -15.1% | 29.8% | ||
| Q4 24 | -4.0% | 23.0% | ||
| Q3 24 | -10.2% | -9.2% | ||
| Q2 24 | 3.5% | 10.7% | ||
| Q1 24 | -7.3% | 24.1% |
资本支出强度LITEOTEX
| Q4 25 | 12.6% | 3.0% | ||
| Q3 25 | 14.3% | 3.6% | ||
| Q2 25 | 11.2% | 2.6% | ||
| Q1 25 | 14.8% | 2.3% | ||
| Q4 24 | 10.0% | 3.1% | ||
| Q3 24 | 22.0% | 3.1% | ||
| Q2 24 | 8.0% | 2.9% | ||
| Q1 24 | 5.3% | 2.5% |
现金转化率LITEOTEX
| Q4 25 | 1.62× | 1.90× | ||
| Q3 25 | 13.79× | 1.01× | ||
| Q2 25 | 0.30× | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
