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朗美通（LITE）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
天宝的季度营收约是朗美通的1.5倍（$969.8M vs $665.5M），天宝净利率更高（16.1% vs 11.8%，领先4.4%），朗美通同比增速更快（65.5% vs -73.7%），天宝自由现金流更多（$360.9M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 0.9%）
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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
LITE vs TRMB — 直观对比
营收规模更大
TRMB
是对方的1.5倍
$665.5M
营收增速更快
LITE
高出139.1%
-73.7%
净利率更高
TRMB
高出4.4%
11.8%
自由现金流更多
TRMB
多$317.8M
$43.1M
两年增速更快
LITE
近两年复合增速
0.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $969.8M |
| 净利润 | $78.2M | $156.6M |
| 毛利率 | 36.1% | 72.0% |
| 营业利润率 | 9.7% | 22.3% |
| 净利率 | 11.8% | 16.1% |
| 营收同比 | 65.5% | -73.7% |
| 净利润同比 | 228.4% | 73.6% |
| 每股收益（稀释后） | $0.89 | $0.65 |
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LITETRMB
| Q4 25 | $665.5M | $901.2M | ||
| Q3 25 | $533.8M | $875.7M | ||
| Q2 25 | $480.7M | $840.6M | ||
| Q1 25 | $425.2M | $983.4M | ||
| Q4 24 | $402.2M | — | ||
| Q3 24 | $336.9M | $875.8M | ||
| Q2 24 | $308.3M | $870.8M | ||
| Q1 24 | $366.5M | $953.3M |
净利润LITETRMB
| Q4 25 | $78.2M | $111.5M | ||
| Q3 25 | $4.2M | $89.2M | ||
| Q2 25 | $213.3M | $66.7M | ||
| Q1 25 | $-44.1M | $90.2M | ||
| Q4 24 | $-60.9M | — | ||
| Q3 24 | $-82.4M | $40.6M | ||
| Q2 24 | $-252.5M | $1.3B | ||
| Q1 24 | $-127.0M | $57.2M |
毛利率LITETRMB
| Q4 25 | 36.1% | 68.9% | ||
| Q3 25 | 34.0% | 68.3% | ||
| Q2 25 | 33.3% | 66.7% | ||
| Q1 25 | 28.8% | 69.3% | ||
| Q4 24 | 24.8% | — | ||
| Q3 24 | 23.1% | 65.7% | ||
| Q2 24 | 16.6% | 62.7% | ||
| Q1 24 | 16.2% | 62.3% |
营业利润率LITETRMB
| Q4 25 | 9.7% | 16.7% | ||
| Q3 25 | 1.3% | 14.6% | ||
| Q2 25 | -1.7% | 11.6% | ||
| Q1 25 | -8.9% | 17.6% | ||
| Q4 24 | -12.8% | — | ||
| Q3 24 | -24.5% | 13.3% | ||
| Q2 24 | -43.3% | 7.1% | ||
| Q1 24 | -31.3% | 11.5% |
净利率LITETRMB
| Q4 25 | 11.8% | 12.4% | ||
| Q3 25 | 0.8% | 10.2% | ||
| Q2 25 | 44.4% | 7.9% | ||
| Q1 25 | -10.4% | 9.2% | ||
| Q4 24 | -15.1% | — | ||
| Q3 24 | -24.5% | 4.6% | ||
| Q2 24 | -81.9% | 151.2% | ||
| Q1 24 | -34.7% | 6.0% |
每股收益（稀释后）LITETRMB
| Q4 25 | $0.89 | $0.46 | ||
| Q3 25 | $0.05 | $0.37 | ||
| Q2 25 | $3.10 | $0.27 | ||
| Q1 25 | $-0.64 | $0.36 | ||
| Q4 24 | $-0.88 | — | ||
| Q3 24 | $-1.21 | $0.16 | ||
| Q2 24 | $-3.75 | $5.34 | ||
| Q1 24 | $-1.88 | $0.23 |
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 | $253.4M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $846.6M | $5.8B |
| 总资产 | $4.8B | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资LITETRMB
| Q4 25 | $1.2B | $232.7M | ||
| Q3 25 | $1.1B | $265.9M | ||
| Q2 25 | $877.1M | $290.0M | ||
| Q1 25 | $866.7M | $738.8M | ||
| Q4 24 | $896.7M | — | ||
| Q3 24 | $916.1M | $1.0B | ||
| Q2 24 | $887.0M | $944.1M | ||
| Q1 24 | $870.9M | $255.1M |
总债务LITETRMB
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LITETRMB
| Q4 25 | $846.6M | $5.8B | ||
| Q3 25 | $780.8M | $5.7B | ||
| Q2 25 | $1.1B | $5.4B | ||
| Q1 25 | $879.5M | $5.7B | ||
| Q4 24 | $872.3M | — | ||
| Q3 24 | $895.9M | $5.9B | ||
| Q2 24 | $957.3M | $5.6B | ||
| Q1 24 | $1.2B | $4.3B |
总资产LITETRMB
| Q4 25 | $4.8B | $9.0B | ||
| Q3 25 | $4.6B | $9.1B | ||
| Q2 25 | $4.2B | $8.9B | ||
| Q1 25 | $4.0B | $9.5B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.0B | $9.9B | ||
| Q2 24 | $3.9B | $9.6B | ||
| Q1 24 | $4.2B | $9.3B |
负债/权益比LITETRMB
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $360.9M |
| 自由现金流率自由现金流/营收 | 6.5% | 37.2% |
| 资本支出强度资本支出/营收 | 12.6% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.62× | 2.47× |
| 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LITETRMB
| Q4 25 | $126.7M | — | ||
| Q3 25 | $57.9M | $123.8M | ||
| Q2 25 | $64.0M | $155.6M | ||
| Q1 25 | $-1.6M | $115.1M | ||
| Q4 24 | $24.3M | — | ||
| Q3 24 | $39.6M | $94.9M | ||
| Q2 24 | $35.5M | $87.6M | ||
| Q1 24 | $-7.0M | $233.8M |
自由现金流LITETRMB
| Q4 25 | $43.1M | — | ||
| Q3 25 | $-18.3M | $116.6M | ||
| Q2 25 | $10.1M | $149.0M | ||
| Q1 25 | $-64.4M | $109.0M | ||
| Q4 24 | $-15.9M | — | ||
| Q3 24 | $-34.5M | $88.5M | ||
| Q2 24 | $10.9M | $73.3M | ||
| Q1 24 | $-26.6M | $227.0M |
自由现金流率LITETRMB
| Q4 25 | 6.5% | — | ||
| Q3 25 | -3.4% | 13.3% | ||
| Q2 25 | 2.1% | 17.7% | ||
| Q1 25 | -15.1% | 11.1% | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -10.2% | 10.1% | ||
| Q2 24 | 3.5% | 8.4% | ||
| Q1 24 | -7.3% | 23.8% |
资本支出强度LITETRMB
| Q4 25 | 12.6% | — | ||
| Q3 25 | 14.3% | 0.8% | ||
| Q2 25 | 11.2% | 0.8% | ||
| Q1 25 | 14.8% | 0.6% | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 22.0% | 0.7% | ||
| Q2 24 | 8.0% | 1.6% | ||
| Q1 24 | 5.3% | 0.7% |
现金转化率LITETRMB
| Q4 25 | 1.62× | — | ||
| Q3 25 | 13.79× | 1.39× | ||
| Q2 25 | 0.30× | 2.33× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 4.09× |
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% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
