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朗美通（LITE）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
利氏兄弟拍卖行的季度营收约是朗美通的1.8倍（$1.2B vs $665.5M），朗美通净利率更高（11.8% vs 9.1%，领先2.6%），朗美通同比增速更快（65.5% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
LITE vs RBA — 直观对比
营收规模更大
RBA
是对方的1.8倍
$665.5M
营收增速更快
LITE
高出60.1%
5.4%
净利率更高
LITE
高出2.6%
9.1%
自由现金流更多
RBA
多$143.4M
$43.1M
两年增速更快
LITE
近两年复合增速
6.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $1.2B |
| 净利润 | $78.2M | $109.7M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 14.7% |
| 净利率 | 11.8% | 9.1% |
| 营收同比 | 65.5% | 5.4% |
| 净利润同比 | 228.4% | -7.4% |
| 每股收益（稀释后） | $0.89 | $0.53 |
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LITERBA
| Q4 25 | $665.5M | $1.2B | ||
| Q3 25 | $533.8M | $1.1B | ||
| Q2 25 | $480.7M | $1.2B | ||
| Q1 25 | $425.2M | $1.1B | ||
| Q4 24 | $402.2M | $1.1B | ||
| Q3 24 | $336.9M | $981.8M | ||
| Q2 24 | $308.3M | $1.1B | ||
| Q1 24 | $366.5M | $1.1B |
净利润LITERBA
| Q4 25 | $78.2M | $109.7M | ||
| Q3 25 | $4.2M | $95.5M | ||
| Q2 25 | $213.3M | $109.8M | ||
| Q1 25 | $-44.1M | $113.4M | ||
| Q4 24 | $-60.9M | $118.5M | ||
| Q3 24 | $-82.4M | $76.1M | ||
| Q2 24 | $-252.5M | $111.1M | ||
| Q1 24 | $-127.0M | $107.4M |
毛利率LITERBA
| 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LITERBA
| Q4 25 | 9.7% | 14.7% | ||
| Q3 25 | 1.3% | 14.5% | ||
| Q2 25 | -1.7% | 15.9% | ||
| Q1 25 | -8.9% | 17.1% | ||
| Q4 24 | -12.8% | 18.1% | ||
| Q3 24 | -24.5% | 15.6% | ||
| Q2 24 | -43.3% | 18.4% | ||
| Q1 24 | -31.3% | 18.7% |
净利率LITERBA
| Q4 25 | 11.8% | 9.1% | ||
| Q3 25 | 0.8% | 8.7% | ||
| Q2 25 | 44.4% | 9.3% | ||
| Q1 25 | -10.4% | 10.2% | ||
| Q4 24 | -15.1% | 10.4% | ||
| Q3 24 | -24.5% | 7.8% | ||
| Q2 24 | -81.9% | 10.1% | ||
| Q1 24 | -34.7% | 10.1% |
每股收益（稀释后）LITERBA
| Q4 25 | $0.89 | $0.53 | ||
| Q3 25 | $0.05 | $0.43 | ||
| Q2 25 | $3.10 | $0.53 | ||
| Q1 25 | $-0.64 | $0.55 | ||
| Q4 24 | $-0.88 | $0.58 | ||
| Q3 24 | $-1.21 | $0.36 | ||
| Q2 24 | $-3.75 | $0.54 | ||
| Q1 24 | $-1.88 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $846.6M | $5.6B |
| 总资产 | $4.8B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资LITERBA
| Q4 25 | $1.2B | $531.5M | ||
| Q3 25 | $1.1B | $674.7M | ||
| Q2 25 | $877.1M | $710.2M | ||
| Q1 25 | $866.7M | $578.1M | ||
| Q4 24 | $896.7M | $533.9M | ||
| Q3 24 | $916.1M | $650.7M | ||
| Q2 24 | $887.0M | $599.5M | ||
| Q1 24 | $870.9M | $462.8M |
总债务LITERBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益LITERBA
| Q4 25 | $846.6M | $5.6B | ||
| Q3 25 | $780.8M | $5.5B | ||
| Q2 25 | $1.1B | $5.5B | ||
| Q1 25 | $879.5M | $5.3B | ||
| Q4 24 | $872.3M | $5.2B | ||
| Q3 24 | $895.9M | $5.2B | ||
| Q2 24 | $957.3M | $5.2B | ||
| Q1 24 | $1.2B | $5.1B |
总资产LITERBA
| Q4 25 | $4.8B | $12.1B | ||
| Q3 25 | $4.6B | $12.2B | ||
| Q2 25 | $4.2B | $12.2B | ||
| Q1 25 | $4.0B | $11.9B | ||
| Q4 24 | $4.0B | $11.8B | ||
| Q3 24 | $4.0B | $11.9B | ||
| Q2 24 | $3.9B | $12.1B | ||
| Q1 24 | $4.2B | $12.0B |
负债/权益比LITERBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $186.5M |
| 自由现金流率自由现金流/营收 | 6.5% | 15.5% |
| 资本支出强度资本支出/营收 | 12.6% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.62× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流LITERBA
| Q4 25 | $126.7M | $255.2M | ||
| Q3 25 | $57.9M | $239.7M | ||
| Q2 25 | $64.0M | $326.5M | ||
| Q1 25 | $-1.6M | $156.8M | ||
| Q4 24 | $24.3M | $184.5M | ||
| Q3 24 | $39.6M | $285.4M | ||
| Q2 24 | $35.5M | $337.3M | ||
| Q1 24 | $-7.0M | $124.8M |
自由现金流LITERBA
| Q4 25 | $43.1M | $186.5M | ||
| Q3 25 | $-18.3M | $188.5M | ||
| Q2 25 | $10.1M | $241.7M | ||
| Q1 25 | $-64.4M | $102.5M | ||
| Q4 24 | $-15.9M | $127.9M | ||
| Q3 24 | $-34.5M | $248.5M | ||
| Q2 24 | $10.9M | $308.6M | ||
| Q1 24 | $-26.6M | $79.6M |
自由现金流率LITERBA
| Q4 25 | 6.5% | 15.5% | ||
| Q3 25 | -3.4% | 17.3% | ||
| Q2 25 | 2.1% | 20.4% | ||
| Q1 25 | -15.1% | 9.2% | ||
| Q4 24 | -4.0% | 11.2% | ||
| Q3 24 | -10.2% | 25.3% | ||
| Q2 24 | 3.5% | 28.2% | ||
| Q1 24 | -7.3% | 7.5% |
资本支出强度LITERBA
| Q4 25 | 12.6% | 5.7% | ||
| Q3 25 | 14.3% | 4.7% | ||
| Q2 25 | 11.2% | 7.2% | ||
| Q1 25 | 14.8% | 4.9% | ||
| Q4 24 | 10.0% | 5.0% | ||
| Q3 24 | 22.0% | 3.8% | ||
| Q2 24 | 8.0% | 2.6% | ||
| Q1 24 | 5.3% | 4.2% |
现金转化率LITERBA
| Q4 25 | 1.62× | 2.33× | ||
| Q3 25 | 13.79× | 2.51× | ||
| Q2 25 | 0.30× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
