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朗美通（LITE）与Tyler Technologies（TYL）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Tyler Technologies的1.2倍（$665.5M vs $575.2M），朗美通净利率更高（11.8% vs 11.4%，领先0.4%），朗美通同比增速更快（65.5% vs 6.3%），Tyler Technologies自由现金流更多（$239.6M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 6.0%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
LITE vs TYL — 直观对比
营收规模更大
LITE
是对方的1.2倍
$575.2M
营收增速更快
LITE
高出59.2%
6.3%
净利率更高
LITE
高出0.4%
11.4%
自由现金流更多
TYL
多$196.5M
$43.1M
两年增速更快
LITE
近两年复合增速
6.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $575.2M |
| 净利润 | $78.2M | $65.5M |
| 毛利率 | 36.1% | 45.5% |
| 营业利润率 | 9.7% | 13.0% |
| 净利率 | 11.8% | 11.4% |
| 营收同比 | 65.5% | 6.3% |
| 净利润同比 | 228.4% | 0.5% |
| 每股收益（稀释后） | $0.89 | $1.50 |
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LITETYL
| Q4 25 | $665.5M | $575.2M | ||
| Q3 25 | $533.8M | $595.9M | ||
| Q2 25 | $480.7M | $596.1M | ||
| Q1 25 | $425.2M | $565.2M | ||
| Q4 24 | $402.2M | $541.1M | ||
| Q3 24 | $336.9M | $543.3M | ||
| Q2 24 | $308.3M | $541.0M | ||
| Q1 24 | $366.5M | $512.4M |
净利润LITETYL
| Q4 25 | $78.2M | $65.5M | ||
| Q3 25 | $4.2M | $84.4M | ||
| Q2 25 | $213.3M | $84.6M | ||
| Q1 25 | $-44.1M | $81.1M | ||
| Q4 24 | $-60.9M | $65.2M | ||
| Q3 24 | $-82.4M | $75.9M | ||
| Q2 24 | $-252.5M | $67.7M | ||
| Q1 24 | $-127.0M | $54.2M |
毛利率LITETYL
| Q4 25 | 36.1% | 45.5% | ||
| Q3 25 | 34.0% | 47.2% | ||
| Q2 25 | 33.3% | 45.8% | ||
| Q1 25 | 28.8% | 47.3% | ||
| Q4 24 | 24.8% | 43.8% | ||
| Q3 24 | 23.1% | 43.7% | ||
| Q2 24 | 16.6% | 44.0% | ||
| Q1 24 | 16.2% | 43.7% |
营业利润率LITETYL
| Q4 25 | 9.7% | 13.0% | ||
| Q3 25 | 1.3% | 16.4% | ||
| Q2 25 | -1.7% | 16.0% | ||
| Q1 25 | -8.9% | 15.8% | ||
| Q4 24 | -12.8% | 13.2% | ||
| Q3 24 | -24.5% | 15.2% | ||
| Q2 24 | -43.3% | 14.4% | ||
| Q1 24 | -31.3% | 13.1% |
净利率LITETYL
| Q4 25 | 11.8% | 11.4% | ||
| Q3 25 | 0.8% | 14.2% | ||
| Q2 25 | 44.4% | 14.2% | ||
| Q1 25 | -10.4% | 14.3% | ||
| Q4 24 | -15.1% | 12.1% | ||
| Q3 24 | -24.5% | 14.0% | ||
| Q2 24 | -81.9% | 12.5% | ||
| Q1 24 | -34.7% | 10.6% |
每股收益（稀释后）LITETYL
| Q4 25 | $0.89 | $1.50 | ||
| Q3 25 | $0.05 | $1.93 | ||
| Q2 25 | $3.10 | $1.93 | ||
| Q1 25 | $-0.64 | $1.84 | ||
| Q4 24 | $-0.88 | $1.48 | ||
| Q3 24 | $-1.21 | $1.74 | ||
| Q2 24 | $-3.75 | $1.57 | ||
| Q1 24 | $-1.88 | $1.26 |
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 | $1.1B |
| 总债务越低越好 | — | $599.7M |
| 股东权益账面价值 | $846.6M | $3.7B |
| 总资产 | $4.8B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资LITETYL
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | $950.8M | ||
| Q2 25 | $877.1M | $892.3M | ||
| Q1 25 | $866.7M | $807.4M | ||
| Q4 24 | $896.7M | $768.0M | ||
| Q3 24 | $916.1M | $544.3M | ||
| Q2 24 | $887.0M | $258.0M | ||
| Q1 24 | $870.9M | $196.9M |
总债务LITETYL
| Q4 25 | — | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | — | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M | ||
| Q1 24 | — | $596.6M |
股东权益LITETYL
| Q4 25 | $846.6M | $3.7B | ||
| Q3 25 | $780.8M | $3.6B | ||
| Q2 25 | $1.1B | $3.6B | ||
| Q1 25 | $879.5M | $3.5B | ||
| Q4 24 | $872.3M | $3.4B | ||
| Q3 24 | $895.9M | $3.3B | ||
| Q2 24 | $957.3M | $3.1B | ||
| Q1 24 | $1.2B | $3.0B |
总资产LITETYL
| Q4 25 | $4.8B | $5.6B | ||
| Q3 25 | $4.6B | $5.5B | ||
| Q2 25 | $4.2B | $5.4B | ||
| Q1 25 | $4.0B | $5.2B | ||
| Q4 24 | $4.0B | $5.2B | ||
| Q3 24 | $4.0B | $5.0B | ||
| Q2 24 | $3.9B | $4.8B | ||
| Q1 24 | $4.2B | $4.6B |
负债/权益比LITETYL
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.20× |
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 | $243.9M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $239.6M |
| 自由现金流率自由现金流/营收 | 6.5% | 41.7% |
| 资本支出强度资本支出/营收 | 12.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.62× | 3.72× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $637.5M |
8季度趋势，按日历期对齐
经营现金流LITETYL
| Q4 25 | $126.7M | $243.9M | ||
| Q3 25 | $57.9M | $255.2M | ||
| Q2 25 | $64.0M | $98.3M | ||
| Q1 25 | $-1.6M | $56.2M | ||
| Q4 24 | $24.3M | $224.8M | ||
| Q3 24 | $39.6M | $263.7M | ||
| Q2 24 | $35.5M | $64.3M | ||
| Q1 24 | $-7.0M | $71.8M |
自由现金流LITETYL
| Q4 25 | $43.1M | $239.6M | ||
| Q3 25 | $-18.3M | $251.3M | ||
| Q2 25 | $10.1M | $92.8M | ||
| Q1 25 | $-64.4M | $53.8M | ||
| Q4 24 | $-15.9M | $221.0M | ||
| Q3 24 | $-34.5M | $260.8M | ||
| Q2 24 | $10.9M | $57.7M | ||
| Q1 24 | $-26.6M | $64.6M |
自由现金流率LITETYL
| Q4 25 | 6.5% | 41.7% | ||
| Q3 25 | -3.4% | 42.2% | ||
| Q2 25 | 2.1% | 15.6% | ||
| Q1 25 | -15.1% | 9.5% | ||
| Q4 24 | -4.0% | 40.8% | ||
| Q3 24 | -10.2% | 48.0% | ||
| Q2 24 | 3.5% | 10.7% | ||
| Q1 24 | -7.3% | 12.6% |
资本支出强度LITETYL
| Q4 25 | 12.6% | 0.8% | ||
| Q3 25 | 14.3% | 0.7% | ||
| Q2 25 | 11.2% | 0.9% | ||
| Q1 25 | 14.8% | 0.4% | ||
| Q4 24 | 10.0% | 0.7% | ||
| Q3 24 | 22.0% | 0.5% | ||
| Q2 24 | 8.0% | 1.2% | ||
| Q1 24 | 5.3% | 1.4% |
现金转化率LITETYL
| Q4 25 | 1.62× | 3.72× | ||
| Q3 25 | 13.79× | 3.02× | ||
| Q2 25 | 0.30× | 1.16× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 3.45× | ||
| Q3 24 | — | 3.47× | ||
| Q2 24 | — | 0.95× | ||
| Q1 24 | — | 1.33× |
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% |
TYL
| Saas Arrangements | $186.1M | 32% |
| Platform Technologies Segment | $143.3M | 25% |
| Maintenance | $109.4M | 19% |
| Professional Services | $55.3M | 10% |
| Nonrecurring Revenue | $51.3M | 9% |
| Other | $21.4M | 4% |
| Hardware And Other | $8.4M | 1% |
