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朗美通（LITE）与TRINET GROUP, INC.（TNET）财务数据对比。点击上方公司名可切换其他公司
TRINET GROUP, INC.的季度营收约是朗美通的1.9倍（$1.2B vs $665.5M），朗美通同比增速更快（65.5% vs -2.2%），朗美通自由现金流更多（$43.1M vs $43.0M），过去两年朗美通的营收复合增速更高（34.8% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
LITE vs TNET — 直观对比
营收规模更大
TNET
是对方的1.9倍
$665.5M
营收增速更快
LITE
高出67.7%
-2.2%
自由现金流更多
LITE
多$100.0K
$43.0M
两年增速更快
LITE
近两年复合增速
-0.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $1.2B |
| 净利润 | $78.2M | — |
| 毛利率 | 36.1% | — |
| 营业利润率 | 9.7% | 0.1% |
| 净利率 | 11.8% | — |
| 营收同比 | 65.5% | -2.2% |
| 净利润同比 | 228.4% | — |
| 每股收益（稀释后） | $0.89 | $0.02 |
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LITETNET
| Q4 25 | $665.5M | $1.2B | ||
| Q3 25 | $533.8M | $1.2B | ||
| Q2 25 | $480.7M | $1.2B | ||
| Q1 25 | $425.2M | $1.3B | ||
| Q4 24 | $402.2M | $1.3B | ||
| Q3 24 | $336.9M | $1.2B | ||
| Q2 24 | $308.3M | $1.2B | ||
| Q1 24 | $366.5M | $1.3B |
净利润LITETNET
| Q4 25 | $78.2M | — | ||
| Q3 25 | $4.2M | $34.0M | ||
| Q2 25 | $213.3M | $37.0M | ||
| Q1 25 | $-44.1M | $85.0M | ||
| Q4 24 | $-60.9M | — | ||
| Q3 24 | $-82.4M | $45.0M | ||
| Q2 24 | $-252.5M | $60.0M | ||
| Q1 24 | $-127.0M | $91.0M |
毛利率LITETNET
| 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LITETNET
| Q4 25 | 9.7% | 0.1% | ||
| Q3 25 | 1.3% | 4.1% | ||
| Q2 25 | -1.7% | 4.1% | ||
| Q1 25 | -8.9% | 8.9% | ||
| Q4 24 | -12.8% | -2.9% | ||
| Q3 24 | -24.5% | 4.7% | ||
| Q2 24 | -43.3% | 6.5% | ||
| Q1 24 | -31.3% | 9.7% |
净利率LITETNET
| Q4 25 | 11.8% | — | ||
| Q3 25 | 0.8% | 2.8% | ||
| Q2 25 | 44.4% | 3.0% | ||
| Q1 25 | -10.4% | 6.6% | ||
| Q4 24 | -15.1% | — | ||
| Q3 24 | -24.5% | 3.6% | ||
| Q2 24 | -81.9% | 4.9% | ||
| Q1 24 | -34.7% | 7.2% |
每股收益（稀释后）LITETNET
| Q4 25 | $0.89 | $0.02 | ||
| Q3 25 | $0.05 | $0.70 | ||
| Q2 25 | $3.10 | $0.77 | ||
| Q1 25 | $-0.64 | $1.71 | ||
| Q4 24 | $-0.88 | $-0.44 | ||
| Q3 24 | $-1.21 | $0.89 | ||
| Q2 24 | $-3.75 | $1.20 | ||
| Q1 24 | $-1.88 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.6M | $54.0M |
| 总资产 | $4.8B | $3.8B |
| 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LITETNET
| Q4 25 | $1.2B | $287.0M | ||
| Q3 25 | $1.1B | $321.0M | ||
| Q2 25 | $877.1M | $407.0M | ||
| Q1 25 | $866.7M | $349.0M | ||
| Q4 24 | $896.7M | $360.0M | ||
| Q3 24 | $916.1M | $301.0M | ||
| Q2 24 | $887.0M | $249.0M | ||
| Q1 24 | $870.9M | $383.0M |
股东权益LITETNET
| Q4 25 | $846.6M | $54.0M | ||
| Q3 25 | $780.8M | $110.0M | ||
| Q2 25 | $1.1B | $107.0M | ||
| Q1 25 | $879.5M | $63.0M | ||
| Q4 24 | $872.3M | $69.0M | ||
| Q3 24 | $895.9M | $129.0M | ||
| Q2 24 | $957.3M | $100.0M | ||
| Q1 24 | $1.2B | $143.0M |
总资产LITETNET
| Q4 25 | $4.8B | $3.8B | ||
| Q3 25 | $4.6B | $3.4B | ||
| Q2 25 | $4.2B | $3.7B | ||
| Q1 25 | $4.0B | $3.8B | ||
| Q4 24 | $4.0B | $4.1B | ||
| Q3 24 | $4.0B | $3.7B | ||
| Q2 24 | $3.9B | $3.7B | ||
| Q1 24 | $4.2B | $4.0B |
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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $43.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 3.4% |
| 资本支出强度资本支出/营收 | 12.6% | 1.4% |
| 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 | $234.0M |
8季度趋势，按日历期对齐
经营现金流LITETNET
| Q4 25 | $126.7M | $61.0M | ||
| Q3 25 | $57.9M | $72.0M | ||
| Q2 25 | $64.0M | $75.0M | ||
| Q1 25 | $-1.6M | $95.0M | ||
| Q4 24 | $24.3M | $65.0M | ||
| Q3 24 | $39.6M | $84.0M | ||
| Q2 24 | $35.5M | $39.0M | ||
| Q1 24 | $-7.0M | $91.0M |
自由现金流LITETNET
| Q4 25 | $43.1M | $43.0M | ||
| Q3 25 | $-18.3M | $55.0M | ||
| Q2 25 | $10.1M | $57.0M | ||
| Q1 25 | $-64.4M | $79.0M | ||
| Q4 24 | $-15.9M | $47.0M | ||
| Q3 24 | $-34.5M | $59.0M | ||
| Q2 24 | $10.9M | $22.0M | ||
| Q1 24 | $-26.6M | $73.0M |
自由现金流率LITETNET
| Q4 25 | 6.5% | 3.4% | ||
| Q3 25 | -3.4% | 4.5% | ||
| Q2 25 | 2.1% | 4.6% | ||
| Q1 25 | -15.1% | 6.1% | ||
| Q4 24 | -4.0% | 3.7% | ||
| Q3 24 | -10.2% | 4.8% | ||
| Q2 24 | 3.5% | 1.8% | ||
| Q1 24 | -7.3% | 5.8% |
资本支出强度LITETNET
| Q4 25 | 12.6% | 1.4% | ||
| Q3 25 | 14.3% | 1.4% | ||
| Q2 25 | 11.2% | 1.5% | ||
| Q1 25 | 14.8% | 1.2% | ||
| Q4 24 | 10.0% | 1.4% | ||
| Q3 24 | 22.0% | 2.0% | ||
| Q2 24 | 8.0% | 1.4% | ||
| Q1 24 | 5.3% | 1.4% |
现金转化率LITETNET
| Q4 25 | 1.62× | — | ||
| Q3 25 | 13.79× | 2.12× | ||
| Q2 25 | 0.30× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
