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朗美通（LITE）与RBC Bearings INC（RBC）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RBC Bearings INC的1.4倍（$665.5M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 11.8%，领先2.9%），朗美通同比增速更快（65.5% vs 17.0%），RBC Bearings INC自由现金流更多（$99.1M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
LITE vs RBC — 直观对比
营收规模更大
LITE
是对方的1.4倍
$461.6M
营收增速更快
LITE
高出48.4%
17.0%
净利率更高
RBC
高出2.9%
11.8%
自由现金流更多
RBC
多$56.0M
$43.1M
两年增速更快
LITE
近两年复合增速
5.6%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $461.6M |
| 净利润 | $78.2M | $67.4M |
| 毛利率 | 36.1% | 44.3% |
| 营业利润率 | 9.7% | 22.3% |
| 净利率 | 11.8% | 14.6% |
| 营收同比 | 65.5% | 17.0% |
| 净利润同比 | 228.4% | 16.4% |
| 每股收益（稀释后） | $0.89 | $2.13 |
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LITERBC
| Q4 25 | $665.5M | $461.6M | ||
| Q3 25 | $533.8M | $455.3M | ||
| Q2 25 | $480.7M | $436.0M | ||
| Q1 25 | $425.2M | $437.7M | ||
| Q4 24 | $402.2M | $394.4M | ||
| Q3 24 | $336.9M | $397.9M | ||
| Q2 24 | $308.3M | $406.3M | ||
| Q1 24 | $366.5M | $413.7M |
净利润LITERBC
| Q4 25 | $78.2M | $67.4M | ||
| Q3 25 | $4.2M | $60.0M | ||
| Q2 25 | $213.3M | $68.5M | ||
| Q1 25 | $-44.1M | $72.7M | ||
| Q4 24 | $-60.9M | $57.9M | ||
| Q3 24 | $-82.4M | $54.2M | ||
| Q2 24 | $-252.5M | $61.4M | ||
| Q1 24 | $-127.0M | — |
毛利率LITERBC
| Q4 25 | 36.1% | 44.3% | ||
| Q3 25 | 34.0% | 44.1% | ||
| Q2 25 | 33.3% | 44.8% | ||
| Q1 25 | 28.8% | 44.2% | ||
| Q4 24 | 24.8% | 44.3% | ||
| Q3 24 | 23.1% | 43.7% | ||
| Q2 24 | 16.6% | 45.3% | ||
| Q1 24 | 16.2% | 43.1% |
营业利润率LITERBC
| Q4 25 | 9.7% | 22.3% | ||
| Q3 25 | 1.3% | 21.5% | ||
| Q2 25 | -1.7% | 23.2% | ||
| Q1 25 | -8.9% | 23.0% | ||
| Q4 24 | -12.8% | 21.7% | ||
| Q3 24 | -24.5% | 21.6% | ||
| Q2 24 | -43.3% | 24.0% | ||
| Q1 24 | -31.3% | 22.8% |
净利率LITERBC
| Q4 25 | 11.8% | 14.6% | ||
| Q3 25 | 0.8% | 13.2% | ||
| Q2 25 | 44.4% | 15.7% | ||
| Q1 25 | -10.4% | 16.6% | ||
| Q4 24 | -15.1% | 14.7% | ||
| Q3 24 | -24.5% | 13.6% | ||
| Q2 24 | -81.9% | 15.1% | ||
| Q1 24 | -34.7% | — |
每股收益（稀释后）LITERBC
| Q4 25 | $0.89 | $2.13 | ||
| Q3 25 | $0.05 | $1.90 | ||
| Q2 25 | $3.10 | $2.17 | ||
| Q1 25 | $-0.64 | $2.33 | ||
| Q4 24 | $-0.88 | $1.82 | ||
| Q3 24 | $-1.21 | $1.65 | ||
| Q2 24 | $-3.75 | $1.90 | ||
| Q1 24 | $-1.88 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $846.6M | $3.3B |
| 总资产 | $4.8B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资LITERBC
| Q4 25 | $1.2B | $107.6M | ||
| Q3 25 | $1.1B | $91.2M | ||
| Q2 25 | $877.1M | $132.9M | ||
| Q1 25 | $866.7M | $36.8M | ||
| Q4 24 | $896.7M | — | ||
| Q3 24 | $916.1M | — | ||
| Q2 24 | $887.0M | $76.8M | ||
| Q1 24 | $870.9M | $63.5M |
总债务LITERBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益LITERBC
| Q4 25 | $846.6M | $3.3B | ||
| Q3 25 | $780.8M | $3.2B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $879.5M | $3.0B | ||
| Q4 24 | $872.3M | $2.9B | ||
| Q3 24 | $895.9M | $2.9B | ||
| Q2 24 | $957.3M | $2.8B | ||
| Q1 24 | $1.2B | $2.8B |
总资产LITERBC
| Q4 25 | $4.8B | $5.1B | ||
| Q3 25 | $4.6B | $5.1B | ||
| Q2 25 | $4.2B | $4.8B | ||
| Q1 25 | $4.0B | $4.7B | ||
| Q4 24 | $4.0B | $4.7B | ||
| Q3 24 | $4.0B | $4.7B | ||
| Q2 24 | $3.9B | $4.7B | ||
| Q1 24 | $4.2B | $4.7B |
负债/权益比LITERBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $99.1M |
| 自由现金流率自由现金流/营收 | 6.5% | 21.5% |
| 资本支出强度资本支出/营收 | 12.6% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.62× | 1.81× |
| 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LITERBC
| Q4 25 | $126.7M | $122.1M | ||
| Q3 25 | $57.9M | $88.4M | ||
| Q2 25 | $64.0M | $120.0M | ||
| Q1 25 | $-1.6M | — | ||
| Q4 24 | $24.3M | $84.0M | ||
| Q3 24 | $39.6M | — | ||
| Q2 24 | $35.5M | $97.4M | ||
| Q1 24 | $-7.0M | — |
自由现金流LITERBC
| Q4 25 | $43.1M | $99.1M | ||
| Q3 25 | $-18.3M | $71.7M | ||
| Q2 25 | $10.1M | $104.3M | ||
| Q1 25 | $-64.4M | — | ||
| Q4 24 | $-15.9M | $73.6M | ||
| Q3 24 | $-34.5M | — | ||
| Q2 24 | $10.9M | $88.4M | ||
| Q1 24 | $-26.6M | — |
自由现金流率LITERBC
| Q4 25 | 6.5% | 21.5% | ||
| Q3 25 | -3.4% | 15.7% | ||
| Q2 25 | 2.1% | 23.9% | ||
| Q1 25 | -15.1% | — | ||
| Q4 24 | -4.0% | 18.7% | ||
| Q3 24 | -10.2% | — | ||
| Q2 24 | 3.5% | 21.8% | ||
| Q1 24 | -7.3% | — |
资本支出强度LITERBC
| Q4 25 | 12.6% | 5.0% | ||
| Q3 25 | 14.3% | 3.7% | ||
| Q2 25 | 11.2% | 3.6% | ||
| Q1 25 | 14.8% | 3.2% | ||
| Q4 24 | 10.0% | 2.6% | ||
| Q3 24 | 22.0% | 4.1% | ||
| Q2 24 | 8.0% | 2.2% | ||
| Q1 24 | 5.3% | — |
现金转化率LITERBC
| Q4 25 | 1.62× | 1.81× | ||
| Q3 25 | 13.79× | 1.47× | ||
| Q2 25 | 0.30× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | — | — |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
