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朗美通（LITE）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）财务数据对比。点击上方公司名可切换其他公司
ADVANCED DRAINAGE SYSTEMS, INC.的季度营收约是朗美通的1.0倍（$693.4M vs $665.5M），ADVANCED DRAINAGE SYSTEMS, INC.净利率更高（13.5% vs 11.8%，领先1.8%），朗美通同比增速更快（65.5% vs 0.4%），ADVANCED DRAINAGE SYSTEMS, INC.自由现金流更多（$183.6M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 3.0%）
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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
LITE vs WMS — 直观对比
营收规模更大
WMS
是对方的1.0倍
$665.5M
营收增速更快
LITE
高出65.1%
0.4%
净利率更高
WMS
高出1.8%
11.8%
自由现金流更多
WMS
多$140.5M
$43.1M
两年增速更快
LITE
近两年复合增速
3.0%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $693.4M |
| 净利润 | $78.2M | $93.6M |
| 毛利率 | 36.1% | 37.4% |
| 营业利润率 | 9.7% | 19.7% |
| 净利率 | 11.8% | 13.5% |
| 营收同比 | 65.5% | 0.4% |
| 净利润同比 | 228.4% | 15.3% |
| 每股收益（稀释后） | $0.89 | $1.19 |
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LITEWMS
| Q4 25 | $665.5M | $693.4M | ||
| Q3 25 | $533.8M | $850.4M | ||
| Q2 25 | $480.7M | $829.9M | ||
| Q1 25 | $425.2M | $615.8M | ||
| Q4 24 | $402.2M | $690.5M | ||
| Q3 24 | $336.9M | $782.6M | ||
| Q2 24 | $308.3M | $815.3M | ||
| Q1 24 | $366.5M | $653.8M |
净利润LITEWMS
| Q4 25 | $78.2M | $93.6M | ||
| Q3 25 | $4.2M | $156.0M | ||
| Q2 25 | $213.3M | $143.9M | ||
| Q1 25 | $-44.1M | $77.2M | ||
| Q4 24 | $-60.9M | $81.2M | ||
| Q3 24 | $-82.4M | $130.4M | ||
| Q2 24 | $-252.5M | $161.4M | ||
| Q1 24 | $-127.0M | $94.8M |
毛利率LITEWMS
| Q4 25 | 36.1% | 37.4% | ||
| Q3 25 | 34.0% | 40.0% | ||
| Q2 25 | 33.3% | 39.8% | ||
| Q1 25 | 28.8% | 36.7% | ||
| Q4 24 | 24.8% | 35.0% | ||
| Q3 24 | 23.1% | 37.6% | ||
| Q2 24 | 16.6% | 40.8% | ||
| Q1 24 | 16.2% | 38.5% |
营业利润率LITEWMS
| Q4 25 | 9.7% | 19.7% | ||
| Q3 25 | 1.3% | 26.3% | ||
| Q2 25 | -1.7% | 24.8% | ||
| Q1 25 | -8.9% | 19.0% | ||
| Q4 24 | -12.8% | 18.4% | ||
| Q3 24 | -24.5% | 23.9% | ||
| Q2 24 | -43.3% | 27.7% | ||
| Q1 24 | -31.3% | 20.7% |
净利率LITEWMS
| Q4 25 | 11.8% | 13.5% | ||
| Q3 25 | 0.8% | 18.3% | ||
| Q2 25 | 44.4% | 17.3% | ||
| Q1 25 | -10.4% | 12.5% | ||
| Q4 24 | -15.1% | 11.8% | ||
| Q3 24 | -24.5% | 16.7% | ||
| Q2 24 | -81.9% | 19.8% | ||
| Q1 24 | -34.7% | 14.5% |
每股收益（稀释后）LITEWMS
| Q4 25 | $0.89 | $1.19 | ||
| Q3 25 | $0.05 | $1.99 | ||
| Q2 25 | $3.10 | $1.84 | ||
| Q1 25 | $-0.64 | $0.99 | ||
| Q4 24 | $-0.88 | $1.04 | ||
| Q3 24 | $-1.21 | $1.67 | ||
| Q2 24 | $-3.75 | $2.06 | ||
| Q1 24 | $-1.88 | $1.22 |
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 | — | — |
| 股东权益账面价值 | $846.6M | $1.9B |
| 总资产 | $4.8B | $4.1B |
| 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LITEWMS
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.1B | $812.9M | ||
| Q2 25 | $877.1M | $638.3M | ||
| Q1 25 | $866.7M | $463.3M | ||
| Q4 24 | $896.7M | $488.9M | ||
| Q3 24 | $916.1M | $613.0M | ||
| Q2 24 | $887.0M | $541.6M | ||
| Q1 24 | $870.9M | $490.2M |
总债务LITEWMS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.3B |
股东权益LITEWMS
| Q4 25 | $846.6M | $1.9B | ||
| Q3 25 | $780.8M | $1.8B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $879.5M | $1.5B | ||
| Q4 24 | $872.3M | $1.5B | ||
| Q3 24 | $895.9M | $1.4B | ||
| Q2 24 | $957.3M | $1.3B | ||
| Q1 24 | $1.2B | $1.2B |
总资产LITEWMS
| Q4 25 | $4.8B | $4.1B | ||
| Q3 25 | $4.6B | $4.1B | ||
| Q2 25 | $4.2B | $3.9B | ||
| Q1 25 | $4.0B | $3.7B | ||
| Q4 24 | $4.0B | $3.6B | ||
| Q3 24 | $4.0B | $3.5B | ||
| Q2 24 | $3.9B | $3.4B | ||
| Q1 24 | $4.2B | $3.3B |
负债/权益比LITEWMS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $183.6M |
| 自由现金流率自由现金流/营收 | 6.5% | 26.5% |
| 资本支出强度资本支出/营收 | 12.6% | 12.4% |
| 现金转化率经营现金流/净利润 | 1.62× | 2.88× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $577.1M |
8季度趋势，按日历期对齐
经营现金流LITEWMS
| Q4 25 | $126.7M | $269.3M | ||
| Q3 25 | $57.9M | $234.9M | ||
| Q2 25 | $64.0M | $275.0M | ||
| Q1 25 | $-1.6M | $41.2M | ||
| Q4 24 | $24.3M | $189.9M | ||
| Q3 24 | $39.6M | $166.9M | ||
| Q2 24 | $35.5M | $183.4M | ||
| Q1 24 | $-7.0M | $17.7M |
自由现金流LITEWMS
| Q4 25 | $43.1M | $183.6M | ||
| Q3 25 | $-18.3M | $176.4M | ||
| Q2 25 | $10.1M | $222.4M | ||
| Q1 25 | $-64.4M | $-5.3M | ||
| Q4 24 | $-15.9M | $135.7M | ||
| Q3 24 | $-34.5M | $112.4M | ||
| Q2 24 | $10.9M | $125.7M | ||
| Q1 24 | $-26.6M | $-29.8M |
自由现金流率LITEWMS
| Q4 25 | 6.5% | 26.5% | ||
| Q3 25 | -3.4% | 20.7% | ||
| Q2 25 | 2.1% | 26.8% | ||
| Q1 25 | -15.1% | -0.9% | ||
| Q4 24 | -4.0% | 19.7% | ||
| Q3 24 | -10.2% | 14.4% | ||
| Q2 24 | 3.5% | 15.4% | ||
| Q1 24 | -7.3% | -4.6% |
资本支出强度LITEWMS
| Q4 25 | 12.6% | 12.4% | ||
| Q3 25 | 14.3% | 6.9% | ||
| Q2 25 | 11.2% | 6.3% | ||
| Q1 25 | 14.8% | 7.6% | ||
| Q4 24 | 10.0% | 7.9% | ||
| Q3 24 | 22.0% | 7.0% | ||
| Q2 24 | 8.0% | 7.1% | ||
| Q1 24 | 5.3% | 7.3% |
现金转化率LITEWMS
| Q4 25 | 1.62× | 2.88× | ||
| Q3 25 | 13.79× | 1.51× | ||
| Q2 25 | 0.30× | 1.91× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
