vs
朗美通（LITE）与STARWOOD PROPERTY TRUST, INC.（STWD）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STARWOOD PROPERTY TRUST, INC.的1.4倍（$665.5M vs $492.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 11.8%，领先7.9%），朗美通同比增速更快（65.5% vs 8.5%），过去两年朗美通的营收复合增速更高（34.8% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
LITE vs STWD — 直观对比
营收规模更大
LITE
是对方的1.4倍
$492.9M
营收增速更快
LITE
高出57.0%
8.5%
净利率更高
STWD
高出7.9%
11.8%
两年增速更快
LITE
近两年复合增速
-2.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $492.9M |
| 净利润 | $78.2M | $96.9M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 26.6% |
| 净利率 | 11.8% | 19.7% |
| 营收同比 | 65.5% | 8.5% |
| 净利润同比 | 228.4% | 87.7% |
| 每股收益（稀释后） | $0.89 | $0.25 |
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LITESTWD
| Q4 25 | $665.5M | $492.9M | ||
| Q3 25 | $533.8M | $488.9M | ||
| Q2 25 | $480.7M | $444.3M | ||
| Q1 25 | $425.2M | $418.2M | ||
| Q4 24 | $402.2M | $454.4M | ||
| Q3 24 | $336.9M | $479.5M | ||
| Q2 24 | $308.3M | $489.8M | ||
| Q1 24 | $366.5M | $523.1M |
净利润LITESTWD
| Q4 25 | $78.2M | $96.9M | ||
| Q3 25 | $4.2M | $72.6M | ||
| Q2 25 | $213.3M | $129.8M | ||
| Q1 25 | $-44.1M | $112.3M | ||
| Q4 24 | $-60.9M | $51.6M | ||
| Q3 24 | $-82.4M | $76.1M | ||
| Q2 24 | $-252.5M | $77.9M | ||
| Q1 24 | $-127.0M | $154.3M |
毛利率LITESTWD
| 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LITESTWD
| Q4 25 | 9.7% | 26.6% | ||
| Q3 25 | 1.3% | 19.1% | ||
| Q2 25 | -1.7% | 30.5% | ||
| Q1 25 | -8.9% | 28.7% | ||
| Q4 24 | -12.8% | 15.1% | ||
| Q3 24 | -24.5% | 17.2% | ||
| Q2 24 | -43.3% | 19.1% | ||
| Q1 24 | -31.3% | 30.8% |
净利率LITESTWD
| Q4 25 | 11.8% | 19.7% | ||
| Q3 25 | 0.8% | 14.8% | ||
| Q2 25 | 44.4% | 29.2% | ||
| Q1 25 | -10.4% | 26.8% | ||
| Q4 24 | -15.1% | 11.4% | ||
| Q3 24 | -24.5% | 15.9% | ||
| Q2 24 | -81.9% | 15.9% | ||
| Q1 24 | -34.7% | 29.5% |
每股收益（稀释后）LITESTWD
| Q4 25 | $0.89 | $0.25 | ||
| Q3 25 | $0.05 | $0.19 | ||
| Q2 25 | $3.10 | $0.38 | ||
| Q1 25 | $-0.64 | $0.33 | ||
| Q4 24 | $-0.88 | $0.15 | ||
| Q3 24 | $-1.21 | $0.23 | ||
| Q2 24 | $-3.75 | $0.24 | ||
| Q1 24 | $-1.88 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.6M | $6.8B |
| 总资产 | $4.8B | $63.2B |
| 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LITESTWD
| Q4 25 | $1.2B | $499.5M | ||
| Q3 25 | $1.1B | $301.1M | ||
| Q2 25 | $877.1M | $259.9M | ||
| Q1 25 | $866.7M | $440.6M | ||
| Q4 24 | $896.7M | $377.8M | ||
| Q3 24 | $916.1M | $357.9M | ||
| Q2 24 | $887.0M | $259.3M | ||
| Q1 24 | $870.9M | $327.4M |
股东权益LITESTWD
| Q4 25 | $846.6M | $6.8B | ||
| Q3 25 | $780.8M | $6.9B | ||
| Q2 25 | $1.1B | $6.4B | ||
| Q1 25 | $879.5M | $6.4B | ||
| Q4 24 | $872.3M | $6.4B | ||
| Q3 24 | $895.9M | $6.5B | ||
| Q2 24 | $957.3M | $6.2B | ||
| Q1 24 | $1.2B | $6.3B |
总资产LITESTWD
| Q4 25 | $4.8B | $63.2B | ||
| Q3 25 | $4.6B | $62.4B | ||
| Q2 25 | $4.2B | $62.4B | ||
| Q1 25 | $4.0B | $62.2B | ||
| Q4 24 | $4.0B | $62.6B | ||
| Q3 24 | $4.0B | $64.2B | ||
| Q2 24 | $3.9B | $64.1B | ||
| Q1 24 | $4.2B | $66.2B |
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 | $488.8M |
| 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× | 5.04× |
| 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LITESTWD
| Q4 25 | $126.7M | $488.8M | ||
| Q3 25 | $57.9M | $337.6M | ||
| Q2 25 | $64.0M | $-87.4M | ||
| Q1 25 | $-1.6M | $238.9M | ||
| Q4 24 | $24.3M | $295.6M | ||
| Q3 24 | $39.6M | $241.8M | ||
| Q2 24 | $35.5M | $53.3M | ||
| Q1 24 | $-7.0M | $55.9M |
自由现金流LITESTWD
| 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 | — | ||
| Q1 24 | $-26.6M | — |
自由现金流率LITESTWD
| 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% | — | ||
| Q1 24 | -7.3% | — |
资本支出强度LITESTWD
| 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% | — | ||
| Q1 24 | 5.3% | — |
现金转化率LITESTWD
| Q4 25 | 1.62× | 5.04× | ||
| Q3 25 | 13.79× | 4.65× | ||
| Q2 25 | 0.30× | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
