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朗美通（LITE）与SSR MINING INC.（SSRM）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SSR MINING INC.的1.3倍（$665.5M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 11.8%，领先23.0%），朗美通同比增速更快（65.5% vs 61.4%），SSR MINING INC.自由现金流更多（$106.4M vs $43.1M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 34.8%）
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。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
LITE vs SSRM — 直观对比
营收规模更大
LITE
是对方的1.3倍
$521.7M
营收增速更快
LITE
高出4.0%
61.4%
净利率更高
SSRM
高出23.0%
11.8%
自由现金流更多
SSRM
多$63.3M
$43.1M
两年增速更快
SSRM
近两年复合增速
34.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $521.7M |
| 净利润 | $78.2M | $181.5M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 38.8% |
| 净利率 | 11.8% | 34.8% |
| 营收同比 | 65.5% | 61.4% |
| 净利润同比 | 228.4% | 3166.6% |
| 每股收益（稀释后） | $0.89 | $0.84 |
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LITESSRM
| Q4 25 | $665.5M | $521.7M | ||
| Q3 25 | $533.8M | $385.8M | ||
| Q2 25 | $480.7M | $405.5M | ||
| Q1 25 | $425.2M | $316.6M | ||
| Q4 24 | $402.2M | $323.2M | ||
| Q3 24 | $336.9M | $257.4M | ||
| Q2 24 | $308.3M | $184.8M | ||
| Q1 24 | $366.5M | $230.2M |
净利润LITESSRM
| Q4 25 | $78.2M | $181.5M | ||
| Q3 25 | $4.2M | $65.4M | ||
| Q2 25 | $213.3M | $90.1M | ||
| Q1 25 | $-44.1M | $58.8M | ||
| Q4 24 | $-60.9M | $5.6M | ||
| Q3 24 | $-82.4M | $10.6M | ||
| Q2 24 | $-252.5M | $9.7M | ||
| Q1 24 | $-127.0M | $-287.1M |
毛利率LITESSRM
| 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LITESSRM
| Q4 25 | 9.7% | 38.8% | ||
| Q3 25 | 1.3% | 21.6% | ||
| Q2 25 | -1.7% | 26.9% | ||
| Q1 25 | -8.9% | 21.1% | ||
| Q4 24 | -12.8% | 10.6% | ||
| Q3 24 | -24.5% | 3.5% | ||
| Q2 24 | -43.3% | 5.8% | ||
| Q1 24 | -31.3% | -163.5% |
净利率LITESSRM
| Q4 25 | 11.8% | 34.8% | ||
| Q3 25 | 0.8% | 17.0% | ||
| Q2 25 | 44.4% | 22.2% | ||
| Q1 25 | -10.4% | 18.6% | ||
| Q4 24 | -15.1% | 1.7% | ||
| Q3 24 | -24.5% | 4.1% | ||
| Q2 24 | -81.9% | 5.2% | ||
| Q1 24 | -34.7% | -124.7% |
每股收益（稀释后）LITESSRM
| Q4 25 | $0.89 | $0.84 | ||
| Q3 25 | $0.05 | $0.31 | ||
| Q2 25 | $3.10 | $0.42 | ||
| Q1 25 | $-0.64 | $0.28 | ||
| Q4 24 | $-0.88 | $0.03 | ||
| Q3 24 | $-1.21 | $0.05 | ||
| Q2 24 | $-3.75 | $0.05 | ||
| Q1 24 | $-1.88 | $-1.42 |
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 | $575.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.6M | $3.5B |
| 总资产 | $4.8B | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LITESSRM
| Q4 25 | $1.2B | $575.6M | ||
| Q3 25 | $1.1B | $445.4M | ||
| Q2 25 | $877.1M | $438.5M | ||
| Q1 25 | $866.7M | $341.3M | ||
| Q4 24 | $896.7M | $417.3M | ||
| Q3 24 | $916.1M | $365.8M | ||
| Q2 24 | $887.0M | $384.4M | ||
| Q1 24 | $870.9M | $492.0M |
总债务LITESSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $228.6M | ||
| Q3 24 | — | $228.3M | ||
| Q2 24 | — | $228.0M | ||
| Q1 24 | — | $228.7M |
股东权益LITESSRM
| Q4 25 | $846.6M | $3.5B | ||
| Q3 25 | $780.8M | $3.3B | ||
| Q2 25 | $1.1B | $3.3B | ||
| Q1 25 | $879.5M | $3.2B | ||
| Q4 24 | $872.3M | $3.1B | ||
| Q3 24 | $895.9M | $3.1B | ||
| Q2 24 | $957.3M | $3.1B | ||
| Q1 24 | $1.2B | $3.1B |
总资产LITESSRM
| Q4 25 | $4.8B | $6.1B | ||
| Q3 25 | $4.6B | $5.9B | ||
| Q2 25 | $4.2B | $5.8B | ||
| Q1 25 | $4.0B | $5.6B | ||
| Q4 24 | $4.0B | $5.2B | ||
| Q3 24 | $4.0B | $5.1B | ||
| Q2 24 | $3.9B | $5.2B | ||
| Q1 24 | $4.2B | $5.3B |
负债/权益比LITESSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $106.4M |
| 自由现金流率自由现金流/营收 | 6.5% | 20.4% |
| 资本支出强度资本支出/营收 | 12.6% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.62× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $241.6M |
8季度趋势，按日历期对齐
经营现金流LITESSRM
| Q4 25 | $126.7M | $172.1M | ||
| Q3 25 | $57.9M | $57.2M | ||
| Q2 25 | $64.0M | $157.8M | ||
| Q1 25 | $-1.6M | $84.8M | ||
| Q4 24 | $24.3M | $95.0M | ||
| Q3 24 | $39.6M | $-1.3M | ||
| Q2 24 | $35.5M | $-78.1M | ||
| Q1 24 | $-7.0M | $24.6M |
自由现金流LITESSRM
| Q4 25 | $43.1M | $106.4M | ||
| Q3 25 | $-18.3M | $-2.4M | ||
| Q2 25 | $10.1M | $98.4M | ||
| Q1 25 | $-64.4M | $39.3M | ||
| Q4 24 | $-15.9M | $56.4M | ||
| Q3 24 | $-34.5M | $-34.1M | ||
| Q2 24 | $10.9M | $-116.3M | ||
| Q1 24 | $-26.6M | $-9.4M |
自由现金流率LITESSRM
| Q4 25 | 6.5% | 20.4% | ||
| Q3 25 | -3.4% | -0.6% | ||
| Q2 25 | 2.1% | 24.3% | ||
| Q1 25 | -15.1% | 12.4% | ||
| Q4 24 | -4.0% | 17.5% | ||
| Q3 24 | -10.2% | -13.2% | ||
| Q2 24 | 3.5% | -62.9% | ||
| Q1 24 | -7.3% | -4.1% |
资本支出强度LITESSRM
| Q4 25 | 12.6% | 12.6% | ||
| Q3 25 | 14.3% | 15.4% | ||
| Q2 25 | 11.2% | 14.7% | ||
| Q1 25 | 14.8% | 14.4% | ||
| Q4 24 | 10.0% | 11.9% | ||
| Q3 24 | 22.0% | 12.7% | ||
| Q2 24 | 8.0% | 20.7% | ||
| Q1 24 | 5.3% | 14.8% |
现金转化率LITESSRM
| Q4 25 | 1.62× | 0.95× | ||
| Q3 25 | 13.79× | 0.87× | ||
| Q2 25 | 0.30× | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | — | -0.13× | ||
| Q2 24 | — | -8.06× | ||
| 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% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
