vs
朗美通（LITE）与STEPAN CO（SCL）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STEPAN CO的1.1倍（$665.5M vs $604.5M），朗美通净利率更高（11.8% vs 3.3%，领先8.5%），朗美通同比增速更快（65.5% vs 1.9%），过去两年朗美通的营收复合增速更高（34.8% vs 4.2%）
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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
LITE vs SCL — 直观对比
营收规模更大
LITE
是对方的1.1倍
$604.5M
营收增速更快
LITE
高出63.6%
1.9%
净利率更高
LITE
高出8.5%
3.3%
两年增速更快
LITE
近两年复合增速
4.2%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $604.5M |
| 净利润 | $78.2M | $19.7M |
| 毛利率 | 36.1% | 10.7% |
| 营业利润率 | 9.7% | 4.7% |
| 净利率 | 11.8% | 3.3% |
| 营收同比 | 65.5% | 1.9% |
| 净利润同比 | 228.4% | — |
| 每股收益（稀释后） | $0.89 | $0.86 |
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LITESCL
| Q1 26 | — | $604.5M | ||
| Q4 25 | $665.5M | $553.9M | ||
| Q3 25 | $533.8M | $590.3M | ||
| Q2 25 | $480.7M | $594.7M | ||
| Q1 25 | $425.2M | $593.3M | ||
| Q4 24 | $402.2M | $525.6M | ||
| Q3 24 | $336.9M | $546.8M | ||
| Q2 24 | $308.3M | $556.4M |
净利润LITESCL
| Q1 26 | — | $19.7M | ||
| Q4 25 | $78.2M | $5.0M | ||
| Q3 25 | $4.2M | $10.8M | ||
| Q2 25 | $213.3M | $11.3M | ||
| Q1 25 | $-44.1M | $19.7M | ||
| Q4 24 | $-60.9M | $3.4M | ||
| Q3 24 | $-82.4M | $23.6M | ||
| Q2 24 | $-252.5M | $9.5M |
毛利率LITESCL
| Q1 26 | — | 10.7% | ||
| Q4 25 | 36.1% | 9.3% | ||
| Q3 25 | 34.0% | 12.0% | ||
| Q2 25 | 33.3% | 12.1% | ||
| Q1 25 | 28.8% | 12.7% | ||
| Q4 24 | 24.8% | 10.8% | ||
| Q3 24 | 23.1% | 13.8% | ||
| Q2 24 | 16.6% | 12.5% |
营业利润率LITESCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 9.7% | 1.9% | ||
| Q3 25 | 1.3% | 3.7% | ||
| Q2 25 | -1.7% | 3.0% | ||
| Q1 25 | -8.9% | 4.8% | ||
| Q4 24 | -12.8% | 1.5% | ||
| Q3 24 | -24.5% | 4.4% | ||
| Q2 24 | -43.3% | 3.4% |
净利率LITESCL
| Q1 26 | — | 3.3% | ||
| Q4 25 | 11.8% | 0.9% | ||
| Q3 25 | 0.8% | 1.8% | ||
| Q2 25 | 44.4% | 1.9% | ||
| Q1 25 | -10.4% | 3.3% | ||
| Q4 24 | -15.1% | 0.6% | ||
| Q3 24 | -24.5% | 4.3% | ||
| Q2 24 | -81.9% | 1.7% |
每股收益（稀释后）LITESCL
| Q1 26 | — | $0.86 | ||
| Q4 25 | $0.89 | $0.22 | ||
| Q3 25 | $0.05 | $0.47 | ||
| Q2 25 | $3.10 | $0.50 | ||
| Q1 25 | $-0.64 | $0.86 | ||
| Q4 24 | $-0.88 | $0.14 | ||
| Q3 24 | $-1.21 | $1.03 | ||
| Q2 24 | $-3.75 | $0.42 |
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 | — | $328.4M |
| 股东权益账面价值 | $846.6M | $1.2B |
| 总资产 | $4.8B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资LITESCL
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $132.7M | ||
| Q3 25 | $1.1B | $118.5M | ||
| Q2 25 | $877.1M | $88.9M | ||
| Q1 25 | $866.7M | $107.5M | ||
| Q4 24 | $896.7M | $99.7M | ||
| Q3 24 | $916.1M | $147.3M | ||
| Q2 24 | $887.0M | $124.7M |
总债务LITESCL
| Q1 26 | — | $328.4M | ||
| Q4 25 | — | $626.7M | ||
| Q3 25 | — | $655.5M | ||
| Q2 25 | — | $658.0M | ||
| Q1 25 | — | $659.3M | ||
| Q4 24 | — | $625.4M | ||
| Q3 24 | — | $688.5M | ||
| Q2 24 | — | $657.1M |
股东权益LITESCL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $846.6M | $1.2B | ||
| Q3 25 | $780.8M | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $879.5M | $1.2B | ||
| Q4 24 | $872.3M | $1.2B | ||
| Q3 24 | $895.9M | $1.2B | ||
| Q2 24 | $957.3M | $1.2B |
总资产LITESCL
| Q1 26 | — | $2.3B | ||
| Q4 25 | $4.8B | $2.4B | ||
| Q3 25 | $4.6B | $2.4B | ||
| Q2 25 | $4.2B | $2.4B | ||
| Q1 25 | $4.0B | $2.4B | ||
| Q4 24 | $4.0B | $2.3B | ||
| Q3 24 | $4.0B | $2.4B | ||
| Q2 24 | $3.9B | $2.3B |
负债/权益比LITESCL
| Q1 26 | — | 0.28× | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.55× |
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 | — |
| 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LITESCL
| Q1 26 | — | — | ||
| Q4 25 | $126.7M | $60.0M | ||
| Q3 25 | $57.9M | $69.8M | ||
| Q2 25 | $64.0M | $11.2M | ||
| Q1 25 | $-1.6M | $6.9M | ||
| Q4 24 | $24.3M | $68.3M | ||
| Q3 24 | $39.6M | $22.7M | ||
| Q2 24 | $35.5M | $29.5M |
自由现金流LITESCL
| Q1 26 | — | — | ||
| Q4 25 | $43.1M | $25.4M | ||
| Q3 25 | $-18.3M | $40.2M | ||
| Q2 25 | $10.1M | $-14.4M | ||
| Q1 25 | $-64.4M | $-25.8M | ||
| Q4 24 | $-15.9M | $32.1M | ||
| Q3 24 | $-34.5M | $-4.0M | ||
| Q2 24 | $10.9M | $-208.0K |
自由现金流率LITESCL
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 4.6% | ||
| Q3 25 | -3.4% | 6.8% | ||
| Q2 25 | 2.1% | -2.4% | ||
| Q1 25 | -15.1% | -4.3% | ||
| Q4 24 | -4.0% | 6.1% | ||
| Q3 24 | -10.2% | -0.7% | ||
| Q2 24 | 3.5% | -0.0% |
资本支出强度LITESCL
| Q1 26 | — | — | ||
| Q4 25 | 12.6% | 6.3% | ||
| Q3 25 | 14.3% | 5.0% | ||
| Q2 25 | 11.2% | 4.3% | ||
| Q1 25 | 14.8% | 5.5% | ||
| Q4 24 | 10.0% | 6.9% | ||
| Q3 24 | 22.0% | 4.9% | ||
| Q2 24 | 8.0% | 5.3% |
现金转化率LITESCL
| Q1 26 | — | — | ||
| Q4 25 | 1.62× | 11.99× | ||
| Q3 25 | 13.79× | 6.44× | ||
| Q2 25 | 0.30× | 0.99× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 20.38× | ||
| Q3 24 | — | 0.96× | ||
| Q2 24 | — | 3.10× |
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% |
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
