vs
朗美通（LITE）与猫途鹰（TRIP）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猫途鹰的1.6倍（$665.5M vs $411.0M），朗美通净利率更高（11.8% vs -9.2%，领先21.0%），朗美通同比增速更快（65.5% vs 0.0%），朗美通自由现金流更多（$43.1M vs $-122.0M），过去两年朗美通的营收复合增速更高（34.8% vs 2.0%）
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。
TripAdvisor是美国知名在线旅游服务企业，旗下运营在线旅行社平台、旅游产品比价网站及移动应用，平台拥有大量用户生成的真实旅行内容，为全球消费者提供出行规划、预订等多元服务。
LITE vs TRIP — 直观对比
营收规模更大
LITE
是对方的1.6倍
$411.0M
营收增速更快
LITE
高出65.5%
0.0%
净利率更高
LITE
高出21.0%
-9.2%
自由现金流更多
LITE
多$165.1M
$-122.0M
两年增速更快
LITE
近两年复合增速
2.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $411.0M |
| 净利润 | $78.2M | $-38.0M |
| 毛利率 | 36.1% | 91.5% |
| 营业利润率 | 9.7% | -8.3% |
| 净利率 | 11.8% | -9.2% |
| 营收同比 | 65.5% | 0.0% |
| 净利润同比 | 228.4% | -3900.0% |
| 每股收益（稀释后） | $0.89 | $-0.32 |
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LITETRIP
| Q4 25 | $665.5M | $411.0M | ||
| Q3 25 | $533.8M | $553.0M | ||
| Q2 25 | $480.7M | $529.0M | ||
| Q1 25 | $425.2M | $398.0M | ||
| Q4 24 | $402.2M | $411.0M | ||
| Q3 24 | $336.9M | $532.0M | ||
| Q2 24 | $308.3M | $497.0M | ||
| Q1 24 | $366.5M | $395.0M |
净利润LITETRIP
| Q4 25 | $78.2M | $-38.0M | ||
| Q3 25 | $4.2M | $53.0M | ||
| Q2 25 | $213.3M | $36.0M | ||
| Q1 25 | $-44.1M | $-11.0M | ||
| Q4 24 | $-60.9M | $1.0M | ||
| Q3 24 | $-82.4M | $39.0M | ||
| Q2 24 | $-252.5M | $24.0M | ||
| Q1 24 | $-127.0M | $-59.0M |
毛利率LITETRIP
| Q4 25 | 36.1% | 91.5% | ||
| Q3 25 | 34.0% | 92.6% | ||
| Q2 25 | 33.3% | 92.1% | ||
| Q1 25 | 28.8% | 93.2% | ||
| Q4 24 | 24.8% | 93.4% | ||
| Q3 24 | 23.1% | 92.5% | ||
| Q2 24 | 16.6% | 92.8% | ||
| Q1 24 | 16.2% | 93.7% |
营业利润率LITETRIP
| Q4 25 | 9.7% | -8.3% | ||
| Q3 25 | 1.3% | 12.7% | ||
| Q2 25 | -1.7% | 11.2% | ||
| Q1 25 | -8.9% | -3.8% | ||
| Q4 24 | -12.8% | 0.2% | ||
| Q3 24 | -24.5% | 13.2% | ||
| Q2 24 | -43.3% | 7.2% | ||
| Q1 24 | -31.3% | -3.8% |
净利率LITETRIP
| Q4 25 | 11.8% | -9.2% | ||
| Q3 25 | 0.8% | 9.6% | ||
| Q2 25 | 44.4% | 6.8% | ||
| Q1 25 | -10.4% | -2.8% | ||
| Q4 24 | -15.1% | 0.2% | ||
| Q3 24 | -24.5% | 7.3% | ||
| Q2 24 | -81.9% | 4.8% | ||
| Q1 24 | -34.7% | -14.9% |
每股收益（稀释后）LITETRIP
| Q4 25 | $0.89 | $-0.32 | ||
| Q3 25 | $0.05 | $0.43 | ||
| Q2 25 | $3.10 | $0.28 | ||
| Q1 25 | $-0.64 | $-0.08 | ||
| Q4 24 | $-0.88 | $0.03 | ||
| Q3 24 | $-1.21 | $0.27 | ||
| Q2 24 | $-3.75 | $0.17 | ||
| Q1 24 | $-1.88 | $-0.43 |
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 | $1.0B |
| 总债务越低越好 | — | $819.0M |
| 股东权益账面价值 | $846.6M | $645.0M |
| 总资产 | $4.8B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资LITETRIP
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $877.1M | $1.2B | ||
| Q1 25 | $866.7M | $1.2B | ||
| Q4 24 | $896.7M | $1.1B | ||
| Q3 24 | $916.1M | $1.1B | ||
| Q2 24 | $887.0M | $1.2B | ||
| Q1 24 | $870.9M | $1.2B |
总债务LITETRIP
| Q4 25 | — | $819.0M | ||
| Q3 25 | — | $821.0M | ||
| Q2 25 | — | $822.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $831.0M | ||
| Q3 24 | — | $832.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LITETRIP
| Q4 25 | $846.6M | $645.0M | ||
| Q3 25 | $780.8M | $707.0M | ||
| Q2 25 | $1.1B | $627.0M | ||
| Q1 25 | $879.5M | $643.0M | ||
| Q4 24 | $872.3M | $943.0M | ||
| Q3 24 | $895.9M | $944.0M | ||
| Q2 24 | $957.3M | $857.0M | ||
| Q1 24 | $1.2B | $825.0M |
总资产LITETRIP
| Q4 25 | $4.8B | $2.6B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $4.2B | $2.9B | ||
| Q1 25 | $4.0B | $2.8B | ||
| Q4 24 | $4.0B | $2.6B | ||
| Q3 24 | $4.0B | $2.7B | ||
| Q2 24 | $3.9B | $2.8B | ||
| Q1 24 | $4.2B | $2.7B |
负债/权益比LITETRIP
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $-122.0M |
| 自由现金流率自由现金流/营收 | 6.5% | -29.7% |
| 资本支出强度资本支出/营收 | 12.6% | 4.6% |
| 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 | $163.0M |
8季度趋势，按日历期对齐
经营现金流LITETRIP
| Q4 25 | $126.7M | $-103.0M | ||
| Q3 25 | $57.9M | $44.0M | ||
| Q2 25 | $64.0M | $202.0M | ||
| Q1 25 | $-1.6M | $102.0M | ||
| Q4 24 | $24.3M | $-3.0M | ||
| Q3 24 | $39.6M | $-43.0M | ||
| Q2 24 | $35.5M | $51.0M | ||
| Q1 24 | $-7.0M | $139.0M |
自由现金流LITETRIP
| Q4 25 | $43.1M | $-122.0M | ||
| Q3 25 | $-18.3M | $25.0M | ||
| Q2 25 | $10.1M | $177.0M | ||
| Q1 25 | $-64.4M | $83.0M | ||
| Q4 24 | $-15.9M | $-26.0M | ||
| Q3 24 | $-34.5M | $-63.0M | ||
| Q2 24 | $10.9M | $36.0M | ||
| Q1 24 | $-26.6M | $123.0M |
自由现金流率LITETRIP
| Q4 25 | 6.5% | -29.7% | ||
| Q3 25 | -3.4% | 4.5% | ||
| Q2 25 | 2.1% | 33.5% | ||
| Q1 25 | -15.1% | 20.9% | ||
| Q4 24 | -4.0% | -6.3% | ||
| Q3 24 | -10.2% | -11.8% | ||
| Q2 24 | 3.5% | 7.2% | ||
| Q1 24 | -7.3% | 31.1% |
资本支出强度LITETRIP
| Q4 25 | 12.6% | 4.6% | ||
| Q3 25 | 14.3% | 3.4% | ||
| Q2 25 | 11.2% | 4.7% | ||
| Q1 25 | 14.8% | 4.8% | ||
| Q4 24 | 10.0% | 5.6% | ||
| Q3 24 | 22.0% | 3.8% | ||
| Q2 24 | 8.0% | 3.0% | ||
| Q1 24 | 5.3% | 4.1% |
现金转化率LITETRIP
| Q4 25 | 1.62× | — | ||
| Q3 25 | 13.79× | 0.83× | ||
| Q2 25 | 0.30× | 5.61× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.00× | ||
| Q3 24 | — | -1.10× | ||
| Q2 24 | — | 2.13× | ||
| 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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
