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朗美通（LITE）与Sinclair, Inc.（SBGI）财务数据对比。点击上方公司名可切换其他公司
Sinclair, Inc.的季度营收约是朗美通的1.3倍（$836.0M vs $665.5M），Sinclair, Inc.净利率更高（13.0% vs 11.8%，领先1.3%），朗美通同比增速更快（65.5% vs -16.7%），Sinclair, Inc.自由现金流更多（$79.0M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 2.4%）
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。
辛克莱公司（以辛克莱广播集团开展业务）是一家上市的美国电信综合企业，由创始人朱利安·辛克莱·史密斯的后代控股。公司总部位于马里兰州巴尔的摩郊县科基斯维尔，按电视台数量计算是美国第二大电视台运营商，仅次于奈克斯达媒体集团，在全国100多个市场拥有或运营193家电视台，覆盖美国40%的区域。
LITE vs SBGI — 直观对比
营收规模更大
SBGI
是对方的1.3倍
$665.5M
营收增速更快
LITE
高出82.2%
-16.7%
净利率更高
SBGI
高出1.3%
11.8%
自由现金流更多
SBGI
多$35.9M
$43.1M
两年增速更快
LITE
近两年复合增速
2.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $836.0M |
| 净利润 | $78.2M | $109.0M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 9.6% |
| 净利率 | 11.8% | 13.0% |
| 营收同比 | 65.5% | -16.7% |
| 净利润同比 | 228.4% | -38.1% |
| 每股收益（稀释后） | $0.89 | $1.62 |
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LITESBGI
| Q4 25 | $665.5M | $836.0M | ||
| Q3 25 | $533.8M | $773.0M | ||
| Q2 25 | $480.7M | $784.0M | ||
| Q1 25 | $425.2M | $776.0M | ||
| Q4 24 | $402.2M | $1.0B | ||
| Q3 24 | $336.9M | $917.0M | ||
| Q2 24 | $308.3M | $829.0M | ||
| Q1 24 | $366.5M | $798.0M |
净利润LITESBGI
| Q4 25 | $78.2M | $109.0M | ||
| Q3 25 | $4.2M | $-1.0M | ||
| Q2 25 | $213.3M | $-64.0M | ||
| Q1 25 | $-44.1M | $-156.0M | ||
| Q4 24 | $-60.9M | $176.0M | ||
| Q3 24 | $-82.4M | $94.0M | ||
| Q2 24 | $-252.5M | $17.0M | ||
| Q1 24 | $-127.0M | $23.0M |
毛利率LITESBGI
| 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LITESBGI
| Q4 25 | 9.7% | 9.6% | ||
| Q3 25 | 1.3% | 7.5% | ||
| Q2 25 | -1.7% | 2.7% | ||
| Q1 25 | -8.9% | 1.8% | ||
| Q4 24 | -12.8% | 26.5% | ||
| Q3 24 | -24.5% | 19.5% | ||
| Q2 24 | -43.3% | 7.7% | ||
| Q1 24 | -31.3% | 5.3% |
净利率LITESBGI
| Q4 25 | 11.8% | 13.0% | ||
| Q3 25 | 0.8% | -0.1% | ||
| Q2 25 | 44.4% | -8.2% | ||
| Q1 25 | -10.4% | -20.1% | ||
| Q4 24 | -15.1% | 17.5% | ||
| Q3 24 | -24.5% | 10.3% | ||
| Q2 24 | -81.9% | 2.1% | ||
| Q1 24 | -34.7% | 2.9% |
每股收益（稀释后）LITESBGI
| Q4 25 | $0.89 | $1.62 | ||
| Q3 25 | $0.05 | $-0.02 | ||
| Q2 25 | $3.10 | $-0.91 | ||
| Q1 25 | $-0.64 | $-2.30 | ||
| Q4 24 | $-0.88 | $2.64 | ||
| Q3 24 | $-1.21 | $1.43 | ||
| Q2 24 | $-3.75 | $0.27 | ||
| Q1 24 | $-1.88 | $0.35 |
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 | $866.0M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $846.6M | $443.0M |
| 总资产 | $4.8B | $5.9B |
| 负债/权益比越低杠杆越低 | — | 9.84× |
8季度趋势，按日历期对齐
现金及短期投资LITESBGI
| Q4 25 | $1.2B | $866.0M | ||
| Q3 25 | $1.1B | $526.0M | ||
| Q2 25 | $877.1M | $616.0M | ||
| Q1 25 | $866.7M | $631.0M | ||
| Q4 24 | $896.7M | $697.0M | ||
| Q3 24 | $916.1M | $536.0M | ||
| Q2 24 | $887.0M | $378.0M | ||
| Q1 24 | $870.9M | $655.0M |
总债务LITESBGI
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $4.1B |
股东权益LITESBGI
| Q4 25 | $846.6M | $443.0M | ||
| Q3 25 | $780.8M | $347.0M | ||
| Q2 25 | $1.1B | $361.0M | ||
| Q1 25 | $879.5M | $436.0M | ||
| Q4 24 | $872.3M | $583.0M | ||
| Q3 24 | $895.9M | $415.0M | ||
| Q2 24 | $957.3M | $340.0M | ||
| Q1 24 | $1.2B | $333.0M |
总资产LITESBGI
| Q4 25 | $4.8B | $5.9B | ||
| Q3 25 | $4.6B | $5.6B | ||
| Q2 25 | $4.2B | $5.7B | ||
| Q1 25 | $4.0B | $5.8B | ||
| Q4 24 | $4.0B | $5.9B | ||
| Q3 24 | $4.0B | $5.8B | ||
| Q2 24 | $3.9B | $5.7B | ||
| Q1 24 | $4.2B | $6.0B |
负债/权益比LITESBGI
| Q4 25 | — | 9.84× | ||
| Q3 25 | — | 11.75× | ||
| Q2 25 | — | 11.30× | ||
| Q1 25 | — | 9.56× | ||
| Q4 24 | — | 7.02× | ||
| Q3 24 | — | 9.86× | ||
| Q2 24 | — | 12.08× | ||
| Q1 24 | — | 12.35× |
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 | $98.0M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $79.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 9.4% |
| 资本支出强度资本支出/营收 | 12.6% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.62× | 0.90× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $115.0M |
8季度趋势，按日历期对齐
经营现金流LITESBGI
| Q4 25 | $126.7M | $98.0M | ||
| Q3 25 | $57.9M | $-36.0M | ||
| Q2 25 | $64.0M | $122.0M | ||
| Q1 25 | $-1.6M | $5.0M | ||
| Q4 24 | $24.3M | $198.0M | ||
| Q3 24 | $39.6M | $210.0M | ||
| Q2 24 | $35.5M | $-306.0M | ||
| Q1 24 | $-7.0M | $-4.0M |
自由现金流LITESBGI
| Q4 25 | $43.1M | $79.0M | ||
| Q3 25 | $-18.3M | $-58.0M | ||
| Q2 25 | $10.1M | $105.0M | ||
| Q1 25 | $-64.4M | $-11.0M | ||
| Q4 24 | $-15.9M | $175.0M | ||
| Q3 24 | $-34.5M | $193.0M | ||
| Q2 24 | $10.9M | $-329.0M | ||
| Q1 24 | $-26.6M | $-25.0M |
自由现金流率LITESBGI
| Q4 25 | 6.5% | 9.4% | ||
| Q3 25 | -3.4% | -7.5% | ||
| Q2 25 | 2.1% | 13.4% | ||
| Q1 25 | -15.1% | -1.4% | ||
| Q4 24 | -4.0% | 17.4% | ||
| Q3 24 | -10.2% | 21.0% | ||
| Q2 24 | 3.5% | -39.7% | ||
| Q1 24 | -7.3% | -3.1% |
资本支出强度LITESBGI
| Q4 25 | 12.6% | 2.3% | ||
| Q3 25 | 14.3% | 2.8% | ||
| Q2 25 | 11.2% | 2.2% | ||
| Q1 25 | 14.8% | 2.1% | ||
| Q4 24 | 10.0% | 2.3% | ||
| Q3 24 | 22.0% | 1.9% | ||
| Q2 24 | 8.0% | 2.8% | ||
| Q1 24 | 5.3% | 2.6% |
现金转化率LITESBGI
| Q4 25 | 1.62× | 0.90× | ||
| Q3 25 | 13.79× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.13× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | — | -18.00× | ||
| Q1 24 | — | -0.17× |
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% |
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
