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朗美通（LITE）与Regency Centers（REG）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Regency Centers的1.6倍（$665.5M vs $404.2M），Regency Centers净利率更高（50.1% vs 11.8%，领先38.3%），朗美通同比增速更快（65.5% vs 8.5%），过去两年朗美通的营收复合增速更高（34.8% vs 5.4%）
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。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
LITE vs REG — 直观对比
营收规模更大
LITE
是对方的1.6倍
$404.2M
营收增速更快
LITE
高出57.0%
8.5%
净利率更高
REG
高出38.3%
11.8%
两年增速更快
LITE
近两年复合增速
5.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $404.2M |
| 净利润 | $78.2M | $202.5M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 71.0% |
| 净利率 | 11.8% | 50.1% |
| 营收同比 | 65.5% | 8.5% |
| 净利润同比 | 228.4% | 134.1% |
| 每股收益（稀释后） | $0.89 | — |
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LITEREG
| Q4 25 | $665.5M | $404.2M | ||
| Q3 25 | $533.8M | $387.6M | ||
| Q2 25 | $480.7M | $380.8M | ||
| Q1 25 | $425.2M | $380.9M | ||
| Q4 24 | $402.2M | $372.5M | ||
| Q3 24 | $336.9M | $360.3M | ||
| Q2 24 | $308.3M | $357.3M | ||
| Q1 24 | $366.5M | $363.9M |
净利润LITEREG
| Q4 25 | $78.2M | $202.5M | ||
| Q3 25 | $4.2M | $109.4M | ||
| Q2 25 | $213.3M | $106.0M | ||
| Q1 25 | $-44.1M | $109.6M | ||
| Q4 24 | $-60.9M | $86.5M | ||
| Q3 24 | $-82.4M | $101.5M | ||
| Q2 24 | $-252.5M | $102.7M | ||
| Q1 24 | $-127.0M | $109.8M |
毛利率LITEREG
| 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LITEREG
| Q4 25 | 9.7% | 71.0% | ||
| Q3 25 | 1.3% | 72.7% | ||
| Q2 25 | -1.7% | 73.8% | ||
| Q1 25 | -8.9% | 71.8% | ||
| Q4 24 | -12.8% | 71.1% | ||
| Q3 24 | -24.5% | 72.5% | ||
| Q2 24 | -43.3% | 72.3% | ||
| Q1 24 | -31.3% | 72.3% |
净利率LITEREG
| Q4 25 | 11.8% | 50.1% | ||
| Q3 25 | 0.8% | 28.2% | ||
| Q2 25 | 44.4% | 27.8% | ||
| Q1 25 | -10.4% | 28.8% | ||
| Q4 24 | -15.1% | 23.2% | ||
| Q3 24 | -24.5% | 28.2% | ||
| Q2 24 | -81.9% | 28.7% | ||
| Q1 24 | -34.7% | 30.2% |
每股收益（稀释后）LITEREG
| Q4 25 | $0.89 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $3.10 | — | ||
| Q1 25 | $-0.64 | — | ||
| Q4 24 | $-0.88 | — | ||
| Q3 24 | $-1.21 | — | ||
| Q2 24 | $-3.75 | — | ||
| Q1 24 | $-1.88 | — |
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 | — | $4.7B |
| 股东权益账面价值 | $846.6M | $6.9B |
| 总资产 | $4.8B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资LITEREG
| 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 | — |
总债务LITEREG
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.4B |
股东权益LITEREG
| Q4 25 | $846.6M | $6.9B | ||
| Q3 25 | $780.8M | $6.8B | ||
| Q2 25 | $1.1B | $6.7B | ||
| Q1 25 | $879.5M | $6.7B | ||
| Q4 24 | $872.3M | $6.7B | ||
| Q3 24 | $895.9M | $6.8B | ||
| Q2 24 | $957.3M | $6.8B | ||
| Q1 24 | $1.2B | $7.0B |
总资产LITEREG
| Q4 25 | $4.8B | $13.0B | ||
| Q3 25 | $4.6B | $13.1B | ||
| Q2 25 | $4.2B | $12.7B | ||
| Q1 25 | $4.0B | $12.6B | ||
| Q4 24 | $4.0B | $12.4B | ||
| Q3 24 | $4.0B | $12.4B | ||
| Q2 24 | $3.9B | $12.4B | ||
| Q1 24 | $4.2B | $12.7B |
负债/权益比LITEREG
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.63× |
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 | $203.9M |
| 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× | 1.01× |
| 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LITEREG
| Q4 25 | $126.7M | $203.9M | ||
| Q3 25 | $57.9M | $218.7M | ||
| Q2 25 | $64.0M | $244.0M | ||
| Q1 25 | $-1.6M | $161.0M | ||
| Q4 24 | $24.3M | $191.4M | ||
| Q3 24 | $39.6M | $227.6M | ||
| Q2 24 | $35.5M | $203.5M | ||
| Q1 24 | $-7.0M | $167.8M |
自由现金流LITEREG
| 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LITEREG
| 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LITEREG
| 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LITEREG
| Q4 25 | 1.62× | 1.01× | ||
| Q3 25 | 13.79× | 2.00× | ||
| Q2 25 | 0.30× | 2.30× | ||
| Q1 25 | — | 1.47× | ||
| Q4 24 | — | 2.21× | ||
| Q3 24 | — | 2.24× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 1.53× |
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% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
