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朗美通（LITE）与Gentherm Inc（THRM）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Gentherm Inc的1.7倍（$665.5M vs $382.8M），朗美通净利率更高（11.8% vs 0.8%，领先11.0%），朗美通同比增速更快（65.5% vs 8.5%），朗美通自由现金流更多（$43.1M vs $6.7M），过去两年朗美通的营收复合增速更高（34.8% vs 3.7%）
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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
LITE vs THRM — 直观对比
营收规模更大
LITE
是对方的1.7倍
$382.8M
营收增速更快
LITE
高出57.0%
8.5%
净利率更高
LITE
高出11.0%
0.8%
自由现金流更多
LITE
多$36.4M
$6.7M
两年增速更快
LITE
近两年复合增速
3.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $382.8M |
| 净利润 | $78.2M | $3.0M |
| 毛利率 | 36.1% | 23.7% |
| 营业利润率 | 9.7% | 4.6% |
| 净利率 | 11.8% | 0.8% |
| 营收同比 | 65.5% | 8.5% |
| 净利润同比 | 228.4% | -80.5% |
| 每股收益（稀释后） | $0.89 | $0.08 |
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LITETHRM
| Q4 25 | $665.5M | $382.8M | ||
| Q3 25 | $533.8M | $386.9M | ||
| Q2 25 | $480.7M | $375.1M | ||
| Q1 25 | $425.2M | $353.9M | ||
| Q4 24 | $402.2M | $352.9M | ||
| Q3 24 | $336.9M | $371.5M | ||
| Q2 24 | $308.3M | $375.7M | ||
| Q1 24 | $366.5M | $356.0M |
净利润LITETHRM
| Q4 25 | $78.2M | $3.0M | ||
| Q3 25 | $4.2M | $14.9M | ||
| Q2 25 | $213.3M | $477.0K | ||
| Q1 25 | $-44.1M | $-128.0K | ||
| Q4 24 | $-60.9M | $15.3M | ||
| Q3 24 | $-82.4M | $16.0M | ||
| Q2 24 | $-252.5M | $18.9M | ||
| Q1 24 | $-127.0M | $14.8M |
毛利率LITETHRM
| Q4 25 | 36.1% | 23.7% | ||
| Q3 25 | 34.0% | 24.6% | ||
| Q2 25 | 33.3% | 23.9% | ||
| Q1 25 | 28.8% | 24.4% | ||
| Q4 24 | 24.8% | 24.4% | ||
| Q3 24 | 23.1% | 25.5% | ||
| Q2 24 | 16.6% | 25.7% | ||
| Q1 24 | 16.2% | 24.9% |
营业利润率LITETHRM
| Q4 25 | 9.7% | 4.6% | ||
| Q3 25 | 1.3% | 6.2% | ||
| Q2 25 | -1.7% | 6.4% | ||
| Q1 25 | -8.9% | 4.8% | ||
| Q4 24 | -12.8% | 6.7% | ||
| Q3 24 | -24.5% | 8.7% | ||
| Q2 24 | -43.3% | 8.8% | ||
| Q1 24 | -31.3% | 5.1% |
净利率LITETHRM
| Q4 25 | 11.8% | 0.8% | ||
| Q3 25 | 0.8% | 3.9% | ||
| Q2 25 | 44.4% | 0.1% | ||
| Q1 25 | -10.4% | -0.0% | ||
| Q4 24 | -15.1% | 4.3% | ||
| Q3 24 | -24.5% | 4.3% | ||
| Q2 24 | -81.9% | 5.0% | ||
| Q1 24 | -34.7% | 4.2% |
每股收益（稀释后）LITETHRM
| Q4 25 | $0.89 | $0.08 | ||
| Q3 25 | $0.05 | $0.49 | ||
| Q2 25 | $3.10 | $0.02 | ||
| Q1 25 | $-0.64 | $0.00 | ||
| Q4 24 | $-0.88 | $0.48 | ||
| Q3 24 | $-1.21 | $0.51 | ||
| Q2 24 | $-3.75 | $0.60 | ||
| Q1 24 | $-1.88 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | — | $189.0M |
| 股东权益账面价值 | $846.6M | $720.3M |
| 总资产 | $4.8B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资LITETHRM
| Q4 25 | $1.2B | $160.8M | ||
| Q3 25 | $1.1B | $154.3M | ||
| Q2 25 | $877.1M | $128.3M | ||
| Q1 25 | $866.7M | $163.1M | ||
| Q4 24 | $896.7M | $134.1M | ||
| Q3 24 | $916.1M | $150.6M | ||
| Q2 24 | $887.0M | $123.5M | ||
| Q1 24 | $870.9M | $125.1M |
总债务LITETHRM
| Q4 25 | — | $189.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | — | $262.0M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $222.1M | ||
| Q1 24 | — | $222.2M |
股东权益LITETHRM
| Q4 25 | $846.6M | $720.3M | ||
| Q3 25 | $780.8M | $717.9M | ||
| Q2 25 | $1.1B | $699.7M | ||
| Q1 25 | $879.5M | $646.5M | ||
| Q4 24 | $872.3M | $616.9M | ||
| Q3 24 | $895.9M | $660.7M | ||
| Q2 24 | $957.3M | $640.3M | ||
| Q1 24 | $1.2B | $647.1M |
总资产LITETHRM
| Q4 25 | $4.8B | $1.4B | ||
| Q3 25 | $4.6B | $1.4B | ||
| Q2 25 | $4.2B | $1.4B | ||
| Q1 25 | $4.0B | $1.3B | ||
| Q4 24 | $4.0B | $1.2B | ||
| Q3 24 | $4.0B | $1.3B | ||
| Q2 24 | $3.9B | $1.2B | ||
| Q1 24 | $4.2B | $1.3B |
负债/权益比LITETHRM
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $6.7M |
| 自由现金流率自由现金流/营收 | 6.5% | 1.7% |
| 资本支出强度资本支出/营收 | 12.6% | 5.8% |
| 现金转化率经营现金流/净利润 | 1.62× | 9.70× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $61.1M |
8季度趋势，按日历期对齐
经营现金流LITETHRM
| Q4 25 | $126.7M | $29.0M | ||
| Q3 25 | $57.9M | $56.1M | ||
| Q2 25 | $64.0M | $45.0M | ||
| Q1 25 | $-1.6M | $-13.3M | ||
| Q4 24 | $24.3M | $36.6M | ||
| Q3 24 | $39.6M | $46.3M | ||
| Q2 24 | $35.5M | $37.1M | ||
| Q1 24 | $-7.0M | $-10.3M |
自由现金流LITETHRM
| Q4 25 | $43.1M | $6.7M | ||
| Q3 25 | $-18.3M | $46.5M | ||
| Q2 25 | $10.1M | $36.2M | ||
| Q1 25 | $-64.4M | $-28.2M | ||
| Q4 24 | $-15.9M | $13.6M | ||
| Q3 24 | $-34.5M | $26.6M | ||
| Q2 24 | $10.9M | $17.8M | ||
| Q1 24 | $-26.6M | $-21.6M |
自由现金流率LITETHRM
| Q4 25 | 6.5% | 1.7% | ||
| Q3 25 | -3.4% | 12.0% | ||
| Q2 25 | 2.1% | 9.6% | ||
| Q1 25 | -15.1% | -8.0% | ||
| Q4 24 | -4.0% | 3.9% | ||
| Q3 24 | -10.2% | 7.2% | ||
| Q2 24 | 3.5% | 4.7% | ||
| Q1 24 | -7.3% | -6.1% |
资本支出强度LITETHRM
| Q4 25 | 12.6% | 5.8% | ||
| Q3 25 | 14.3% | 2.5% | ||
| Q2 25 | 11.2% | 2.4% | ||
| Q1 25 | 14.8% | 4.2% | ||
| Q4 24 | 10.0% | 6.5% | ||
| Q3 24 | 22.0% | 5.3% | ||
| Q2 24 | 8.0% | 5.2% | ||
| Q1 24 | 5.3% | 3.2% |
现金转化率LITETHRM
| Q4 25 | 1.62× | 9.70× | ||
| Q3 25 | 13.79× | 3.75× | ||
| Q2 25 | 0.30× | 94.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
