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朗美通（LITE）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是朗美通的1.0倍（$685.8M vs $665.5M），PTC Inc.净利率更高（24.3% vs 11.8%，领先12.5%），朗美通同比增速更快（65.5% vs 21.4%），PTC Inc.自由现金流更多（$267.4M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 6.6%）
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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
LITE vs PTC — 直观对比
营收规模更大
PTC
是对方的1.0倍
$665.5M
营收增速更快
LITE
高出44.1%
21.4%
净利率更高
PTC
高出12.5%
11.8%
自由现金流更多
PTC
多$224.3M
$43.1M
两年增速更快
LITE
近两年复合增速
6.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $685.8M |
| 净利润 | $78.2M | $166.5M |
| 毛利率 | 36.1% | 82.8% |
| 营业利润率 | 9.7% | 32.2% |
| 净利率 | 11.8% | 24.3% |
| 营收同比 | 65.5% | 21.4% |
| 净利润同比 | 228.4% | 102.5% |
| 每股收益（稀释后） | $0.89 | $1.39 |
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LITEPTC
| Q4 25 | $665.5M | $685.8M | ||
| Q3 25 | $533.8M | $893.8M | ||
| Q2 25 | $480.7M | $643.9M | ||
| Q1 25 | $425.2M | $636.4M | ||
| Q4 24 | $402.2M | $565.1M | ||
| Q3 24 | $336.9M | $626.5M | ||
| Q2 24 | $308.3M | $518.6M | ||
| Q1 24 | $366.5M | $603.1M |
净利润LITEPTC
| Q4 25 | $78.2M | $166.5M | ||
| Q3 25 | $4.2M | $347.8M | ||
| Q2 25 | $213.3M | $141.3M | ||
| Q1 25 | $-44.1M | $162.6M | ||
| Q4 24 | $-60.9M | $82.2M | ||
| Q3 24 | $-82.4M | $126.5M | ||
| Q2 24 | $-252.5M | $69.0M | ||
| Q1 24 | $-127.0M | $114.4M |
毛利率LITEPTC
| Q4 25 | 36.1% | 82.8% | ||
| Q3 25 | 34.0% | 86.9% | ||
| Q2 25 | 33.3% | 82.9% | ||
| Q1 25 | 28.8% | 83.3% | ||
| Q4 24 | 24.8% | 80.2% | ||
| Q3 24 | 23.1% | 82.0% | ||
| Q2 24 | 16.6% | 78.4% | ||
| Q1 24 | 16.2% | 81.8% |
营业利润率LITEPTC
| Q4 25 | 9.7% | 32.2% | ||
| Q3 25 | 1.3% | 48.5% | ||
| Q2 25 | -1.7% | 32.6% | ||
| Q1 25 | -8.9% | 35.1% | ||
| Q4 24 | -12.8% | 20.4% | ||
| Q3 24 | -24.5% | 31.0% | ||
| Q2 24 | -43.3% | 18.5% | ||
| Q1 24 | -31.3% | 29.8% |
净利率LITEPTC
| Q4 25 | 11.8% | 24.3% | ||
| Q3 25 | 0.8% | 38.9% | ||
| Q2 25 | 44.4% | 21.9% | ||
| Q1 25 | -10.4% | 25.6% | ||
| Q4 24 | -15.1% | 14.6% | ||
| Q3 24 | -24.5% | 20.2% | ||
| Q2 24 | -81.9% | 13.3% | ||
| Q1 24 | -34.7% | 19.0% |
每股收益（稀释后）LITEPTC
| Q4 25 | $0.89 | $1.39 | ||
| Q3 25 | $0.05 | $2.88 | ||
| Q2 25 | $3.10 | $1.17 | ||
| Q1 25 | $-0.64 | $1.35 | ||
| Q4 24 | $-0.88 | $0.68 | ||
| Q3 24 | $-1.21 | $1.05 | ||
| Q2 24 | $-3.75 | $0.57 | ||
| Q1 24 | $-1.88 | $0.95 |
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 | $209.7M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $846.6M | $3.8B |
| 总资产 | $4.8B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资LITEPTC
| Q4 25 | $1.2B | $209.7M | ||
| Q3 25 | $1.1B | $184.4M | ||
| Q2 25 | $877.1M | $199.3M | ||
| Q1 25 | $866.7M | $235.2M | ||
| Q4 24 | $896.7M | $196.3M | ||
| Q3 24 | $916.1M | $265.8M | ||
| Q2 24 | $887.0M | $247.7M | ||
| Q1 24 | $870.9M | $249.0M |
总债务LITEPTC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.5B |
股东权益LITEPTC
| Q4 25 | $846.6M | $3.8B | ||
| Q3 25 | $780.8M | $3.8B | ||
| Q2 25 | $1.1B | $3.5B | ||
| Q1 25 | $879.5M | $3.4B | ||
| Q4 24 | $872.3M | $3.2B | ||
| Q3 24 | $895.9M | $3.2B | ||
| Q2 24 | $957.3M | $3.0B | ||
| Q1 24 | $1.2B | $2.9B |
总资产LITEPTC
| Q4 25 | $4.8B | $6.4B | ||
| Q3 25 | $4.6B | $6.6B | ||
| Q2 25 | $4.2B | $6.2B | ||
| Q1 25 | $4.0B | $6.2B | ||
| Q4 24 | $4.0B | $6.1B | ||
| Q3 24 | $4.0B | $6.4B | ||
| Q2 24 | $3.9B | $6.1B | ||
| Q1 24 | $4.2B | $6.2B |
负债/权益比LITEPTC
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.51× |
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 | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $267.4M |
| 自由现金流率自由现金流/营收 | 6.5% | 39.0% |
| 资本支出强度资本支出/营收 | 12.6% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.62× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $888.4M |
8季度趋势，按日历期对齐
经营现金流LITEPTC
| Q4 25 | $126.7M | $269.7M | ||
| Q3 25 | $57.9M | $104.0M | ||
| Q2 25 | $64.0M | $243.9M | ||
| Q1 25 | $-1.6M | $281.3M | ||
| Q4 24 | $24.3M | $238.4M | ||
| Q3 24 | $39.6M | $98.1M | ||
| Q2 24 | $35.5M | $213.8M | ||
| Q1 24 | $-7.0M | $250.7M |
自由现金流LITEPTC
| Q4 25 | $43.1M | $267.4M | ||
| Q3 25 | $-18.3M | $100.5M | ||
| Q2 25 | $10.1M | $242.0M | ||
| Q1 25 | $-64.4M | $278.5M | ||
| Q4 24 | $-15.9M | $235.7M | ||
| Q3 24 | $-34.5M | $93.6M | ||
| Q2 24 | $10.9M | $212.2M | ||
| Q1 24 | $-26.6M | $247.1M |
自由现金流率LITEPTC
| Q4 25 | 6.5% | 39.0% | ||
| Q3 25 | -3.4% | 11.2% | ||
| Q2 25 | 2.1% | 37.6% | ||
| Q1 25 | -15.1% | 43.8% | ||
| Q4 24 | -4.0% | 41.7% | ||
| Q3 24 | -10.2% | 14.9% | ||
| Q2 24 | 3.5% | 40.9% | ||
| Q1 24 | -7.3% | 41.0% |
资本支出强度LITEPTC
| Q4 25 | 12.6% | 0.3% | ||
| Q3 25 | 14.3% | 0.4% | ||
| Q2 25 | 11.2% | 0.3% | ||
| Q1 25 | 14.8% | 0.4% | ||
| Q4 24 | 10.0% | 0.5% | ||
| Q3 24 | 22.0% | 0.7% | ||
| Q2 24 | 8.0% | 0.3% | ||
| Q1 24 | 5.3% | 0.6% |
现金转化率LITEPTC
| Q4 25 | 1.62× | 1.62× | ||
| Q3 25 | 13.79× | 0.30× | ||
| Q2 25 | 0.30× | 1.73× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 2.90× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | — | 2.19× |
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% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
