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朗美通（LITE）与PIPER SANDLER COMPANIES（PIPR）财务数据对比。点击上方公司名可切换其他公司
PIPER SANDLER COMPANIES的季度营收约是朗美通的1.0倍（$667.0M vs $665.5M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 11.8%，领先5.3%），朗美通同比增速更快（65.5% vs 37.4%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 34.8%）
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。
Piper Sandler是一家美国跨国投资银行及金融服务提供商，核心业务覆盖并购重组、财务重整、公开募股、公共财政、机构经纪、投资管理、证券研究等领域，通过旗下核心子公司Piper Sandler & Co.为企业、机构投资者及公共组织提供专业金融服务。
LITE vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.0倍
$665.5M
营收增速更快
LITE
高出28.0%
37.4%
净利率更高
PIPR
高出5.3%
11.8%
两年增速更快
PIPR
近两年复合增速
34.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $667.0M |
| 净利润 | $78.2M | $114.0M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 28.3% |
| 净利率 | 11.8% | 17.1% |
| 营收同比 | 65.5% | 37.4% |
| 净利润同比 | 228.4% | 65.0% |
| 每股收益（稀释后） | $0.89 | $6.41 |
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LITEPIPR
| Q4 25 | $665.5M | $667.0M | ||
| Q3 25 | $533.8M | $480.1M | ||
| Q2 25 | $480.7M | $398.6M | ||
| Q1 25 | $425.2M | $358.6M | ||
| Q4 24 | $402.2M | $485.4M | ||
| Q3 24 | $336.9M | $360.9M | ||
| Q2 24 | $308.3M | $340.8M | ||
| Q1 24 | $366.5M | $344.4M |
净利润LITEPIPR
| Q4 25 | $78.2M | $114.0M | ||
| Q3 25 | $4.2M | $60.3M | ||
| Q2 25 | $213.3M | $42.2M | ||
| Q1 25 | $-44.1M | $64.9M | ||
| Q4 24 | $-60.9M | $69.1M | ||
| Q3 24 | $-82.4M | $34.8M | ||
| Q2 24 | $-252.5M | $34.8M | ||
| Q1 24 | $-127.0M | $42.5M |
毛利率LITEPIPR
| 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LITEPIPR
| Q4 25 | 9.7% | 28.3% | ||
| Q3 25 | 1.3% | 22.4% | ||
| Q2 25 | -1.7% | 12.3% | ||
| Q1 25 | -8.9% | 8.2% | ||
| Q4 24 | -12.8% | 16.9% | ||
| Q3 24 | -24.5% | 15.4% | ||
| Q2 24 | -43.3% | 8.3% | ||
| Q1 24 | -31.3% | 15.2% |
净利率LITEPIPR
| Q4 25 | 11.8% | 17.1% | ||
| Q3 25 | 0.8% | 12.6% | ||
| Q2 25 | 44.4% | 10.6% | ||
| Q1 25 | -10.4% | 18.1% | ||
| Q4 24 | -15.1% | 14.2% | ||
| Q3 24 | -24.5% | 9.6% | ||
| Q2 24 | -81.9% | 10.2% | ||
| Q1 24 | -34.7% | 12.3% |
每股收益（稀释后）LITEPIPR
| Q4 25 | $0.89 | $6.41 | ||
| Q3 25 | $0.05 | $3.38 | ||
| Q2 25 | $3.10 | $2.38 | ||
| Q1 25 | $-0.64 | $3.65 | ||
| Q4 24 | $-0.88 | $3.88 | ||
| Q3 24 | $-1.21 | $1.96 | ||
| Q2 24 | $-3.75 | $1.97 | ||
| Q1 24 | $-1.88 | $2.43 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.6M | $1.4B |
| 总资产 | $4.8B | $2.6B |
| 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LITEPIPR
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $877.1M | — | ||
| Q1 25 | $866.7M | — | ||
| Q4 24 | $896.7M | — | ||
| Q3 24 | $916.1M | — | ||
| Q2 24 | $887.0M | — | ||
| Q1 24 | $870.9M | — |
股东权益LITEPIPR
| Q4 25 | $846.6M | $1.4B | ||
| Q3 25 | $780.8M | $1.3B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $879.5M | $1.2B | ||
| Q4 24 | $872.3M | $1.2B | ||
| Q3 24 | $895.9M | $1.2B | ||
| Q2 24 | $957.3M | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
总资产LITEPIPR
| Q4 25 | $4.8B | $2.6B | ||
| Q3 25 | $4.6B | $2.2B | ||
| Q2 25 | $4.2B | $2.0B | ||
| Q1 25 | $4.0B | $1.8B | ||
| Q4 24 | $4.0B | $2.3B | ||
| Q3 24 | $4.0B | $2.0B | ||
| Q2 24 | $3.9B | $1.9B | ||
| Q1 24 | $4.2B | $1.8B |
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 | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | — |
| 自由现金流率自由现金流/营收 | 6.5% | — |
| 资本支出强度资本支出/营收 | 12.6% | — |
| 现金转化率经营现金流/净利润 | 1.62× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | — |
8季度趋势，按日历期对齐
经营现金流LITEPIPR
| Q4 25 | $126.7M | $729.8M | ||
| Q3 25 | $57.9M | $31.9M | ||
| Q2 25 | $64.0M | $32.1M | ||
| Q1 25 | $-1.6M | $-207.2M | ||
| Q4 24 | $24.3M | $163.8M | ||
| Q3 24 | $39.6M | $80.1M | ||
| Q2 24 | $35.5M | $266.5M | ||
| Q1 24 | $-7.0M | $-197.2M |
自由现金流LITEPIPR
| Q4 25 | $43.1M | — | ||
| Q3 25 | $-18.3M | — | ||
| Q2 25 | $10.1M | — | ||
| Q1 25 | $-64.4M | — | ||
| Q4 24 | $-15.9M | — | ||
| Q3 24 | $-34.5M | — | ||
| Q2 24 | $10.9M | — | ||
| Q1 24 | $-26.6M | — |
自由现金流率LITEPIPR
| Q4 25 | 6.5% | — | ||
| Q3 25 | -3.4% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | -15.1% | — | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -10.2% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | -7.3% | — |
资本支出强度LITEPIPR
| Q4 25 | 12.6% | — | ||
| Q3 25 | 14.3% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 14.8% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 22.0% | — | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 5.3% | — |
现金转化率LITEPIPR
| Q4 25 | 1.62× | 6.40× | ||
| Q3 25 | 13.79× | 0.53× | ||
| Q2 25 | 0.30× | 0.76× | ||
| Q1 25 | — | -3.19× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | — | 7.66× | ||
| Q1 24 | — | -4.64× |
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% |
PIPR
| Advisory Services | $402.6M | 60% |
| Equities Financing | $66.7M | 10% |
| Equity Salesand Trading | $64.2M | 10% |
| Fixed Income Salesand Trading | $47.9M | 7% |
| Other | $46.7M | 7% |
| Debt Financing | $38.9M | 6% |
