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朗美通（LITE）与RAYONIER ADVANCED MATERIALS INC.（RYAM）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RAYONIER ADVANCED MATERIALS INC.的1.6倍（$665.5M vs $417.5M），朗美通净利率更高（11.8% vs -5.0%，领先16.8%），朗美通同比增速更快（65.5% vs -1.2%），过去两年朗美通的营收复合增速更高（34.8% vs 3.8%）
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。
RYAM（原雷尼尔先进材料公司）是一家美国全球性纤维素技术企业，主打高纯度特种纤维素产品，所生产的天然聚合物广泛应用于过滤器生产、食品加工、医药制造及各类工业领域，同时也为造纸和包装行业供应相关产品，在纤维素技术领域拥有较高的行业认可度。
LITE vs RYAM — 直观对比
营收规模更大
LITE
是对方的1.6倍
$417.5M
营收增速更快
LITE
高出66.6%
-1.2%
净利率更高
LITE
高出16.8%
-5.0%
两年增速更快
LITE
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $417.5M |
| 净利润 | $78.2M | $-21.1M |
| 毛利率 | 36.1% | 8.9% |
| 营业利润率 | 9.7% | 2.6% |
| 净利率 | 11.8% | -5.0% |
| 营收同比 | 65.5% | -1.2% |
| 净利润同比 | 228.4% | -31.9% |
| 每股收益（稀释后） | $0.89 | $-0.33 |
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LITERYAM
| Q4 25 | $665.5M | $417.5M | ||
| Q3 25 | $533.8M | $352.8M | ||
| Q2 25 | $480.7M | $340.0M | ||
| Q1 25 | $425.2M | $356.0M | ||
| Q4 24 | $402.2M | $422.5M | ||
| Q3 24 | $336.9M | $401.1M | ||
| Q2 24 | $308.3M | $419.0M | ||
| Q1 24 | $366.5M | $387.7M |
净利润LITERYAM
| Q4 25 | $78.2M | $-21.1M | ||
| Q3 25 | $4.2M | $-4.5M | ||
| Q2 25 | $213.3M | $-363.2M | ||
| Q1 25 | $-44.1M | $-32.0M | ||
| Q4 24 | $-60.9M | $-16.0M | ||
| Q3 24 | $-82.4M | $-32.6M | ||
| Q2 24 | $-252.5M | $11.4M | ||
| Q1 24 | $-127.0M | $-1.6M |
毛利率LITERYAM
| Q4 25 | 36.1% | 8.9% | ||
| Q3 25 | 34.0% | 9.7% | ||
| Q2 25 | 33.3% | 7.0% | ||
| Q1 25 | 28.8% | 6.8% | ||
| Q4 24 | 24.8% | 8.7% | ||
| Q3 24 | 23.1% | 10.9% | ||
| Q2 24 | 16.6% | 11.5% | ||
| Q1 24 | 16.2% | 9.5% |
营业利润率LITERYAM
| Q4 25 | 9.7% | 2.6% | ||
| Q3 25 | 1.3% | 2.8% | ||
| Q2 25 | -1.7% | -0.4% | ||
| Q1 25 | -8.9% | -4.2% | ||
| Q4 24 | -12.8% | 2.6% | ||
| Q3 24 | -24.5% | -4.2% | ||
| Q2 24 | -43.3% | 6.7% | ||
| Q1 24 | -31.3% | 4.4% |
净利率LITERYAM
| Q4 25 | 11.8% | -5.0% | ||
| Q3 25 | 0.8% | -1.3% | ||
| Q2 25 | 44.4% | -106.8% | ||
| Q1 25 | -10.4% | -9.0% | ||
| Q4 24 | -15.1% | -3.8% | ||
| Q3 24 | -24.5% | -8.1% | ||
| Q2 24 | -81.9% | 2.7% | ||
| Q1 24 | -34.7% | -0.4% |
每股收益（稀释后）LITERYAM
| Q4 25 | $0.89 | $-0.33 | ||
| Q3 25 | $0.05 | $-0.07 | ||
| Q2 25 | $3.10 | $-5.44 | ||
| Q1 25 | $-0.64 | $-0.49 | ||
| Q4 24 | $-0.88 | $-0.25 | ||
| Q3 24 | $-1.21 | $-0.49 | ||
| Q2 24 | $-3.75 | $0.17 | ||
| Q1 24 | $-1.88 | $-0.02 |
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 | $75.4M |
| 总债务越低越好 | — | $758.1M |
| 股东权益账面价值 | $846.6M | $316.6M |
| 总资产 | $4.8B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资LITERYAM
| Q4 25 | $1.2B | $75.4M | ||
| Q3 25 | $1.1B | $77.0M | ||
| Q2 25 | $877.1M | $70.7M | ||
| Q1 25 | $866.7M | $129.9M | ||
| Q4 24 | $896.7M | $125.2M | ||
| Q3 24 | $916.1M | $136.1M | ||
| Q2 24 | $887.0M | $114.1M | ||
| Q1 24 | $870.9M | $54.6M |
总债务LITERYAM
| Q4 25 | — | $758.1M | ||
| Q3 25 | — | $763.5M | ||
| Q2 25 | — | $720.4M | ||
| Q1 25 | — | $707.0M | ||
| Q4 24 | — | $706.4M | ||
| Q3 24 | — | $747.7M | ||
| Q2 24 | — | $752.8M | ||
| Q1 24 | — | $755.6M |
股东权益LITERYAM
| Q4 25 | $846.6M | $316.6M | ||
| Q3 25 | $780.8M | $338.2M | ||
| Q2 25 | $1.1B | $342.3M | ||
| Q1 25 | $879.5M | $688.1M | ||
| Q4 24 | $872.3M | $713.9M | ||
| Q3 24 | $895.9M | $732.7M | ||
| Q2 24 | $957.3M | $755.1M | ||
| Q1 24 | $1.2B | $741.8M |
总资产LITERYAM
| Q4 25 | $4.8B | $1.8B | ||
| Q3 25 | $4.6B | $1.8B | ||
| Q2 25 | $4.2B | $1.8B | ||
| Q1 25 | $4.0B | $2.1B | ||
| Q4 24 | $4.0B | $2.1B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $3.9B | $2.2B | ||
| Q1 24 | $4.2B | $2.1B |
负债/权益比LITERYAM
| Q4 25 | — | 2.39× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.02× |
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 | $32.3M |
| 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× | — |
| 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LITERYAM
| Q4 25 | $126.7M | $32.3M | ||
| Q3 25 | $57.9M | $-17.8M | ||
| Q2 25 | $64.0M | $-30.2M | ||
| Q1 25 | $-1.6M | $39.6M | ||
| Q4 24 | $24.3M | $54.9M | ||
| Q3 24 | $39.6M | $49.8M | ||
| Q2 24 | $35.5M | $87.6M | ||
| Q1 24 | $-7.0M | $11.3M |
自由现金流LITERYAM
| 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LITERYAM
| 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LITERYAM
| 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LITERYAM
| Q4 25 | 1.62× | — | ||
| Q3 25 | 13.79× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.69× | ||
| 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% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
