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朗美通（LITE）与沃茨水工业（WTS）财务数据对比。点击上方公司名可切换其他公司
沃茨水工业的季度营收约是朗美通的1.0倍（$677.3M vs $665.5M），沃茨水工业净利率更高（14.7% vs 11.8%，领先3.0%），朗美通同比增速更快（65.5% vs 21.4%），朗美通自由现金流更多（$43.1M vs $6.6M），过去两年朗美通的营收复合增速更高（34.8% vs 6.5%）
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。
沃茨水工业旗下AERCO是暖通管道领域的商用冷凝锅炉、高效热水设备及能量回收系统供应商，服务覆盖教育、住宿、政府、办公楼、医疗、工业、多户型住宅等多元市场，1949年推出行业首款半即热式无罐蒸汽热水器，1988年推出首款冷凝全调制设备。
LITE vs WTS — 直观对比
营收规模更大
WTS
是对方的1.0倍
$665.5M
营收增速更快
LITE
高出44.1%
21.4%
净利率更高
WTS
高出3.0%
11.8%
自由现金流更多
LITE
多$36.5M
$6.6M
两年增速更快
LITE
近两年复合增速
6.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $677.3M |
| 净利润 | $78.2M | $99.6M |
| 毛利率 | 36.1% | 48.1% |
| 营业利润率 | 9.7% | 19.6% |
| 净利率 | 11.8% | 14.7% |
| 营收同比 | 65.5% | 21.4% |
| 净利润同比 | 228.4% | 34.6% |
| 每股收益（稀释后） | $0.89 | $2.97 |
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LITEWTS
| Q1 26 | — | $677.3M | ||
| Q4 25 | $665.5M | $625.1M | ||
| Q3 25 | $533.8M | $611.7M | ||
| Q2 25 | $480.7M | $643.7M | ||
| Q1 25 | $425.2M | $558.0M | ||
| Q4 24 | $402.2M | $540.4M | ||
| Q3 24 | $336.9M | $543.6M | ||
| Q2 24 | $308.3M | $597.3M |
净利润LITEWTS
| Q1 26 | — | $99.6M | ||
| Q4 25 | $78.2M | $83.7M | ||
| Q3 25 | $4.2M | $82.2M | ||
| Q2 25 | $213.3M | $100.9M | ||
| Q1 25 | $-44.1M | $74.0M | ||
| Q4 24 | $-60.9M | $67.5M | ||
| Q3 24 | $-82.4M | $69.1M | ||
| Q2 24 | $-252.5M | $82.0M |
毛利率LITEWTS
| Q1 26 | — | 48.1% | ||
| Q4 25 | 36.1% | 49.5% | ||
| Q3 25 | 34.0% | 48.8% | ||
| Q2 25 | 33.3% | 50.6% | ||
| Q1 25 | 28.8% | 48.8% | ||
| Q4 24 | 24.8% | 46.7% | ||
| Q3 24 | 23.1% | 47.3% | ||
| Q2 24 | 16.6% | 47.7% |
营业利润率LITEWTS
| Q1 26 | — | 19.6% | ||
| Q4 25 | 9.7% | 18.2% | ||
| Q3 25 | 1.3% | 18.2% | ||
| Q2 25 | -1.7% | 21.0% | ||
| Q1 25 | -8.9% | 15.7% | ||
| Q4 24 | -12.8% | 16.5% | ||
| Q3 24 | -24.5% | 17.1% | ||
| Q2 24 | -43.3% | 18.7% |
净利率LITEWTS
| Q1 26 | — | 14.7% | ||
| Q4 25 | 11.8% | 13.4% | ||
| Q3 25 | 0.8% | 13.4% | ||
| Q2 25 | 44.4% | 15.7% | ||
| Q1 25 | -10.4% | 13.3% | ||
| Q4 24 | -15.1% | 12.5% | ||
| Q3 24 | -24.5% | 12.7% | ||
| Q2 24 | -81.9% | 13.7% |
每股收益（稀释后）LITEWTS
| Q1 26 | — | $2.97 | ||
| Q4 25 | $0.89 | $2.50 | ||
| Q3 25 | $0.05 | $2.45 | ||
| Q2 25 | $3.10 | $3.01 | ||
| Q1 25 | $-0.64 | $2.21 | ||
| Q4 24 | $-0.88 | $2.02 | ||
| Q3 24 | $-1.21 | $2.06 | ||
| Q2 24 | $-3.75 | $2.44 |
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 | $374.7M |
| 总债务越低越好 | — | $197.8M |
| 股东权益账面价值 | $846.6M | $2.1B |
| 总资产 | $4.8B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资LITEWTS
| Q1 26 | — | $374.7M | ||
| Q4 25 | $1.2B | $405.5M | ||
| Q3 25 | $1.1B | $457.7M | ||
| Q2 25 | $877.1M | $369.3M | ||
| Q1 25 | $866.7M | $336.8M | ||
| Q4 24 | $896.7M | $386.9M | ||
| Q3 24 | $916.1M | $303.9M | ||
| Q2 24 | $887.0M | $279.4M |
总债务LITEWTS
| Q1 26 | — | $197.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LITEWTS
| Q1 26 | — | $2.1B | ||
| Q4 25 | $846.6M | $2.0B | ||
| Q3 25 | $780.8M | $2.0B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $879.5M | $1.8B | ||
| Q4 24 | $872.3M | $1.7B | ||
| Q3 24 | $895.9M | $1.7B | ||
| Q2 24 | $957.3M | $1.6B |
总资产LITEWTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $4.8B | $2.9B | ||
| Q3 25 | $4.6B | $2.7B | ||
| Q2 25 | $4.2B | $2.6B | ||
| Q1 25 | $4.0B | $2.5B | ||
| Q4 24 | $4.0B | $2.4B | ||
| Q3 24 | $4.0B | $2.4B | ||
| Q2 24 | $3.9B | $2.4B |
负债/权益比LITEWTS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $17.9M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $6.6M |
| 自由现金流率自由现金流/营收 | 6.5% | 1.0% |
| 资本支出强度资本支出/营收 | 12.6% | — |
| 现金转化率经营现金流/净利润 | 1.62× | 0.18× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $317.3M |
8季度趋势，按日历期对齐
经营现金流LITEWTS
| Q1 26 | — | $17.9M | ||
| Q4 25 | $126.7M | $154.7M | ||
| Q3 25 | $57.9M | $122.4M | ||
| Q2 25 | $64.0M | $69.7M | ||
| Q1 25 | $-1.6M | $55.2M | ||
| Q4 24 | $24.3M | $139.5M | ||
| Q3 24 | $39.6M | $90.7M | ||
| Q2 24 | $35.5M | $85.3M |
自由现金流LITEWTS
| Q1 26 | — | $6.6M | ||
| Q4 25 | $43.1M | $140.3M | ||
| Q3 25 | $-18.3M | $110.9M | ||
| Q2 25 | $10.1M | $59.5M | ||
| Q1 25 | $-64.4M | $45.6M | ||
| Q4 24 | $-15.9M | $127.5M | ||
| Q3 24 | $-34.5M | $84.3M | ||
| Q2 24 | $10.9M | $78.5M |
自由现金流率LITEWTS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 6.5% | 22.4% | ||
| Q3 25 | -3.4% | 18.1% | ||
| Q2 25 | 2.1% | 9.2% | ||
| Q1 25 | -15.1% | 8.2% | ||
| Q4 24 | -4.0% | 23.6% | ||
| Q3 24 | -10.2% | 15.5% | ||
| Q2 24 | 3.5% | 13.1% |
资本支出强度LITEWTS
| Q1 26 | — | — | ||
| Q4 25 | 12.6% | 2.3% | ||
| Q3 25 | 14.3% | 1.9% | ||
| Q2 25 | 11.2% | 1.6% | ||
| Q1 25 | 14.8% | 1.7% | ||
| Q4 24 | 10.0% | 2.2% | ||
| Q3 24 | 22.0% | 1.2% | ||
| Q2 24 | 8.0% | 1.1% |
现金转化率LITEWTS
| Q1 26 | — | 0.18× | ||
| Q4 25 | 1.62× | 1.85× | ||
| Q3 25 | 13.79× | 1.49× | ||
| Q2 25 | 0.30× | 0.69× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.04× |
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% |
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
