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朗美通（LITE）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是朗美通的1.1倍（$755.6M vs $665.5M），朗美通净利率更高（11.8% vs 11.6%，领先0.2%），朗美通同比增速更快（65.5% vs 51.5%），STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 31.0%）
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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
LITE vs STRL — 直观对比
营收规模更大
STRL
是对方的1.1倍
$665.5M
营收增速更快
LITE
高出14.0%
51.5%
净利率更高
LITE
高出0.2%
11.6%
自由现金流更多
STRL
多$116.6M
$43.1M
两年增速更快
LITE
近两年复合增速
31.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $755.6M |
| 净利润 | $78.2M | $87.6M |
| 毛利率 | 36.1% | 21.7% |
| 营业利润率 | 9.7% | 15.9% |
| 净利率 | 11.8% | 11.6% |
| 营收同比 | 65.5% | 51.5% |
| 净利润同比 | 228.4% | -22.6% |
| 每股收益（稀释后） | $0.89 | $2.82 |
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LITESTRL
| Q4 25 | $665.5M | $755.6M | ||
| Q3 25 | $533.8M | $689.0M | ||
| Q2 25 | $480.7M | $614.5M | ||
| Q1 25 | $425.2M | $430.9M | ||
| Q4 24 | $402.2M | $498.8M | ||
| Q3 24 | $336.9M | $593.7M | ||
| Q2 24 | $308.3M | $582.8M | ||
| Q1 24 | $366.5M | $440.4M |
净利润LITESTRL
| Q4 25 | $78.2M | $87.6M | ||
| Q3 25 | $4.2M | $92.1M | ||
| Q2 25 | $213.3M | $71.0M | ||
| Q1 25 | $-44.1M | $39.5M | ||
| Q4 24 | $-60.9M | $113.2M | ||
| Q3 24 | $-82.4M | $61.3M | ||
| Q2 24 | $-252.5M | $51.9M | ||
| Q1 24 | $-127.0M | $31.0M |
毛利率LITESTRL
| Q4 25 | 36.1% | 21.7% | ||
| Q3 25 | 34.0% | 24.7% | ||
| Q2 25 | 33.3% | 23.3% | ||
| Q1 25 | 28.8% | 22.0% | ||
| Q4 24 | 24.8% | 21.4% | ||
| Q3 24 | 23.1% | 21.9% | ||
| Q2 24 | 16.6% | 19.3% | ||
| Q1 24 | 16.2% | 17.5% |
营业利润率LITESTRL
| Q4 25 | 9.7% | 15.9% | ||
| Q3 25 | 1.3% | 18.2% | ||
| Q2 25 | -1.7% | 17.0% | ||
| Q1 25 | -8.9% | 13.0% | ||
| Q4 24 | -12.8% | 12.5% | ||
| Q3 24 | -24.5% | 14.7% | ||
| Q2 24 | -43.3% | 12.5% | ||
| Q1 24 | -31.3% | 9.6% |
净利率LITESTRL
| Q4 25 | 11.8% | 11.6% | ||
| Q3 25 | 0.8% | 13.4% | ||
| Q2 25 | 44.4% | 11.6% | ||
| Q1 25 | -10.4% | 9.2% | ||
| Q4 24 | -15.1% | 22.7% | ||
| Q3 24 | -24.5% | 10.3% | ||
| Q2 24 | -81.9% | 8.9% | ||
| Q1 24 | -34.7% | 7.1% |
每股收益（稀释后）LITESTRL
| Q4 25 | $0.89 | $2.82 | ||
| Q3 25 | $0.05 | $2.97 | ||
| Q2 25 | $3.10 | $2.31 | ||
| Q1 25 | $-0.64 | $1.28 | ||
| Q4 24 | $-0.88 | $3.63 | ||
| Q3 24 | $-1.21 | $1.97 | ||
| Q2 24 | $-3.75 | $1.67 | ||
| Q1 24 | $-1.88 | $1.00 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.6M | $1.1B |
| 总资产 | $4.8B | $2.6B |
| 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LITESTRL
| Q4 25 | $1.2B | $390.7M | ||
| Q3 25 | $1.1B | $306.4M | ||
| Q2 25 | $877.1M | $699.4M | ||
| Q1 25 | $866.7M | $638.6M | ||
| Q4 24 | $896.7M | $664.2M | ||
| Q3 24 | $916.1M | $648.1M | ||
| Q2 24 | $887.0M | $540.0M | ||
| Q1 24 | $870.9M | $480.4M |
股东权益LITESTRL
| Q4 25 | $846.6M | $1.1B | ||
| Q3 25 | $780.8M | $1.1B | ||
| Q2 25 | $1.1B | $881.7M | ||
| Q1 25 | $879.5M | $805.4M | ||
| Q4 24 | $872.3M | $808.1M | ||
| Q3 24 | $895.9M | $716.5M | ||
| Q2 24 | $957.3M | $670.7M | ||
| Q1 24 | $1.2B | $644.6M |
总资产LITESTRL
| Q4 25 | $4.8B | $2.6B | ||
| Q3 25 | $4.6B | $2.6B | ||
| Q2 25 | $4.2B | $2.2B | ||
| Q1 25 | $4.0B | $2.0B | ||
| Q4 24 | $4.0B | $2.0B | ||
| Q3 24 | $4.0B | $2.0B | ||
| Q2 24 | $3.9B | $2.0B | ||
| Q1 24 | $4.2B | $1.8B |
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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $159.7M |
| 自由现金流率自由现金流/营收 | 6.5% | 21.1% |
| 资本支出强度资本支出/营收 | 12.6% | 3.5% |
| 现金转化率经营现金流/净利润 | 1.62× | 2.12× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $362.7M |
8季度趋势，按日历期对齐
经营现金流LITESTRL
| Q4 25 | $126.7M | $186.1M | ||
| Q3 25 | $57.9M | $83.6M | ||
| Q2 25 | $64.0M | $85.4M | ||
| Q1 25 | $-1.6M | $84.9M | ||
| Q4 24 | $24.3M | $174.3M | ||
| Q3 24 | $39.6M | $152.3M | ||
| Q2 24 | $35.5M | $121.0M | ||
| Q1 24 | $-7.0M | $49.6M |
自由现金流LITESTRL
| Q4 25 | $43.1M | $159.7M | ||
| Q3 25 | $-18.3M | $64.0M | ||
| Q2 25 | $10.1M | $72.1M | ||
| Q1 25 | $-64.4M | $67.0M | ||
| Q4 24 | $-15.9M | $158.6M | ||
| Q3 24 | $-34.5M | $138.3M | ||
| Q2 24 | $10.9M | $92.1M | ||
| Q1 24 | $-26.6M | $27.2M |
自由现金流率LITESTRL
| Q4 25 | 6.5% | 21.1% | ||
| Q3 25 | -3.4% | 9.3% | ||
| Q2 25 | 2.1% | 11.7% | ||
| Q1 25 | -15.1% | 15.5% | ||
| Q4 24 | -4.0% | 31.8% | ||
| Q3 24 | -10.2% | 23.3% | ||
| Q2 24 | 3.5% | 15.8% | ||
| Q1 24 | -7.3% | 6.2% |
资本支出强度LITESTRL
| Q4 25 | 12.6% | 3.5% | ||
| Q3 25 | 14.3% | 2.9% | ||
| Q2 25 | 11.2% | 2.2% | ||
| Q1 25 | 14.8% | 4.2% | ||
| Q4 24 | 10.0% | 3.1% | ||
| Q3 24 | 22.0% | 2.4% | ||
| Q2 24 | 8.0% | 5.0% | ||
| Q1 24 | 5.3% | 5.1% |
现金转化率LITESTRL
| Q4 25 | 1.62× | 2.12× | ||
| Q3 25 | 13.79× | 0.91× | ||
| Q2 25 | 0.30× | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
