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朗美通（LITE）与SLM Corp（SLM）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SLM Corp的1.2倍（$665.5M vs $560.0M），SLM Corp净利率更高（55.0% vs 11.8%，领先43.2%），过去两年朗美通的营收复合增速更高（34.8% vs 22.7%）
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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
LITE vs SLM — 直观对比
营收规模更大
LITE
是对方的1.2倍
$560.0M
净利率更高
SLM
高出43.2%
11.8%
两年增速更快
LITE
近两年复合增速
22.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $560.0M |
| 净利润 | $78.2M | $308.0M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 69.6% |
| 净利率 | 11.8% | 55.0% |
| 营收同比 | 65.5% | — |
| 净利润同比 | 228.4% | 1.0% |
| 每股收益（稀释后） | $0.89 | $1.54 |
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LITESLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $665.5M | $377.1M | ||
| Q3 25 | $533.8M | $373.0M | ||
| Q2 25 | $480.7M | $376.8M | ||
| Q1 25 | $425.2M | $375.0M | ||
| Q4 24 | $402.2M | $362.2M | ||
| Q3 24 | $336.9M | $359.4M | ||
| Q2 24 | $308.3M | $372.2M |
净利润LITESLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $78.2M | $233.2M | ||
| Q3 25 | $4.2M | $135.8M | ||
| Q2 25 | $213.3M | $71.3M | ||
| Q1 25 | $-44.1M | $304.5M | ||
| Q4 24 | $-60.9M | $111.6M | ||
| Q3 24 | $-82.4M | $-45.2M | ||
| Q2 24 | $-252.5M | $252.0M |
毛利率LITESLM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率LITESLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | 9.7% | 83.8% | ||
| Q3 25 | 1.3% | 49.8% | ||
| Q2 25 | -1.7% | 23.3% | ||
| Q1 25 | -8.9% | — | ||
| Q4 24 | -12.8% | 36.5% | ||
| Q3 24 | -24.5% | -16.6% | ||
| Q2 24 | -43.3% | 91.0% |
净利率LITESLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | 11.8% | 61.8% | ||
| Q3 25 | 0.8% | 36.4% | ||
| Q2 25 | 44.4% | 18.9% | ||
| Q1 25 | -10.4% | 81.2% | ||
| Q4 24 | -15.1% | 30.8% | ||
| Q3 24 | -24.5% | -12.6% | ||
| Q2 24 | -81.9% | 67.7% |
每股收益（稀释后）LITESLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $0.89 | $1.11 | ||
| Q3 25 | $0.05 | $0.63 | ||
| Q2 25 | $3.10 | $0.32 | ||
| Q1 25 | $-0.64 | $1.40 | ||
| Q4 24 | $-0.88 | $0.53 | ||
| Q3 24 | $-1.21 | $-0.23 | ||
| Q2 24 | $-3.75 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $846.6M | $2.4B |
| 总资产 | $4.8B | $29.4B |
| 负债/权益比越低杠杆越低 | — | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资LITESLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $1.2B | $4.2B | ||
| Q3 25 | $1.1B | $3.5B | ||
| Q2 25 | $877.1M | $4.1B | ||
| Q1 25 | $866.7M | $3.7B | ||
| Q4 24 | $896.7M | $4.7B | ||
| Q3 24 | $916.1M | $4.5B | ||
| Q2 24 | $887.0M | $5.3B |
总债务LITESLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.4B |
股东权益LITESLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $846.6M | $2.5B | ||
| Q3 25 | $780.8M | $2.3B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $879.5M | $2.4B | ||
| Q4 24 | $872.3M | $2.2B | ||
| Q3 24 | $895.9M | $2.1B | ||
| Q2 24 | $957.3M | $2.3B |
总资产LITESLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $4.8B | $29.7B | ||
| Q3 25 | $4.6B | $29.6B | ||
| Q2 25 | $4.2B | $29.6B | ||
| Q1 25 | $4.0B | $28.9B | ||
| Q4 24 | $4.0B | $30.1B | ||
| Q3 24 | $4.0B | $30.0B | ||
| Q2 24 | $3.9B | $28.8B |
负债/权益比LITESLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | 2.70× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 2.83× | ||
| Q2 24 | — | 2.37× |
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LITESLM
| Q1 26 | — | — | ||
| Q4 25 | $126.7M | $-64.5M | ||
| Q3 25 | $57.9M | $-49.3M | ||
| Q2 25 | $64.0M | $-138.7M | ||
| Q1 25 | $-1.6M | $-146.1M | ||
| Q4 24 | $24.3M | $4.5M | ||
| Q3 24 | $39.6M | $-113.4M | ||
| Q2 24 | $35.5M | $-143.8M |
自由现金流LITESLM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率LITESLM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度LITESLM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率LITESLM
| Q1 26 | — | — | ||
| Q4 25 | 1.62× | -0.28× | ||
| Q3 25 | 13.79× | -0.36× | ||
| Q2 25 | 0.30× | -1.95× | ||
| Q1 25 | — | -0.48× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
