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LIGHTPATH TECHNOLOGIES INC（LPTH）与NexPoint Real Estate Finance, Inc.（NREF）财务数据对比。点击上方公司名可切换其他公司
LIGHTPATH TECHNOLOGIES INC的季度营收约是NexPoint Real Estate Finance, Inc.的1.5倍（$16.4M vs $11.1M），NexPoint Real Estate Finance, Inc.净利率更高（216.6% vs -57.5%，领先274.1%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs -48.8%）
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
NexPoint Real Estate Finance, Inc.是一家总部位于美国的商业地产金融企业，主要为多户住宅、写字楼、工业及酒店物业提供结构化融资方案，运营并管理抵押贷款及其他地产相关投资组合，为利益相关方提供经风险调整的稳定回报。
LPTH vs NREF — 直观对比
营收规模更大
LPTH
是对方的1.5倍
$11.1M
营收增速更快
LPTH
高出169.1%
-48.8%
净利率更高
NREF
高出274.1%
-57.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $16.4M | $11.1M |
| 净利润 | $-9.4M | $24.0M |
| 毛利率 | 36.8% | — |
| 营业利润率 | -52.6% | — |
| 净利率 | -57.5% | 216.6% |
| 营收同比 | 120.2% | -48.8% |
| 净利润同比 | -260.1% | 58.7% |
| 每股收益（稀释后） | $-0.20 | $0.47 |
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LPTHNREF
| Q4 25 | $16.4M | $11.1M | ||
| Q3 25 | $15.1M | $12.5M | ||
| Q2 25 | $12.2M | $12.1M | ||
| Q1 25 | $9.2M | $11.5M | ||
| Q4 24 | $7.4M | $21.7M | ||
| Q3 24 | $8.4M | $12.5M | ||
| Q2 24 | $8.6M | $6.7M | ||
| Q1 24 | $7.7M | $-12.8M |
净利润LPTHNREF
| Q4 25 | $-9.4M | $24.0M | ||
| Q3 25 | $-2.9M | $50.9M | ||
| Q2 25 | $-7.1M | $22.3M | ||
| Q1 25 | $-3.6M | $26.0M | ||
| Q4 24 | $-2.6M | $15.2M | ||
| Q3 24 | $-1.6M | $23.3M | ||
| Q2 24 | $-2.4M | $12.1M | ||
| Q1 24 | $-2.6M | $-14.6M |
毛利率LPTHNREF
| Q4 25 | 36.8% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 22.0% | — | ||
| Q1 25 | 29.1% | — | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | 33.9% | — | ||
| Q2 24 | 29.2% | — | ||
| Q1 24 | 20.9% | — |
营业利润率LPTHNREF
| Q4 25 | -52.6% | — | ||
| Q3 25 | -16.6% | — | ||
| Q2 25 | -38.0% | — | ||
| Q1 25 | -36.3% | — | ||
| Q4 24 | -33.5% | — | ||
| Q3 24 | -16.4% | — | ||
| Q2 24 | -25.6% | — | ||
| Q1 24 | -33.6% | — |
净利率LPTHNREF
| Q4 25 | -57.5% | 216.6% | ||
| Q3 25 | -19.2% | 407.0% | ||
| Q2 25 | -57.8% | 184.5% | ||
| Q1 25 | -39.1% | 225.6% | ||
| Q4 24 | -35.2% | 69.9% | ||
| Q3 24 | -19.3% | 186.4% | ||
| Q2 24 | -27.3% | 179.7% | ||
| Q1 24 | -33.7% | 114.3% |
每股收益（稀释后）LPTHNREF
| Q4 25 | $-0.20 | $0.47 | ||
| Q3 25 | $-0.07 | $1.14 | ||
| Q2 25 | $0.19 | $0.54 | ||
| Q1 25 | $-0.44 | $0.70 | ||
| Q4 24 | $-0.07 | $0.71 | ||
| Q3 24 | $-0.04 | $0.74 | ||
| Q2 24 | $-0.15 | $0.40 | ||
| Q1 24 | $-0.07 | $-0.83 |
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 | $73.6M | $31.1M |
| 总债务越低越好 | — | $771.2M |
| 股东权益账面价值 | $77.9M | $388.0M |
| 总资产 | $148.6M | $5.3B |
| 负债/权益比越低杠杆越低 | — | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资LPTHNREF
| Q4 25 | $73.6M | $31.1M | ||
| Q3 25 | — | $17.9M | ||
| Q2 25 | $4.9M | $9.1M | ||
| Q1 25 | — | $19.2M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $34.7M | ||
| Q2 24 | — | $4.3M | ||
| Q1 24 | — | $13.5M |
总债务LPTHNREF
| Q4 25 | — | $771.2M | ||
| Q3 25 | — | $720.9M | ||
| Q2 25 | — | $815.6M | ||
| Q1 25 | — | $831.5M | ||
| Q4 24 | — | $799.3M | ||
| Q3 24 | — | $815.5M | ||
| Q2 24 | $535.0K | $861.0M | ||
| Q1 24 | $599.4K | $843.3M |
股东权益LPTHNREF
| Q4 25 | $77.9M | $388.0M | ||
| Q3 25 | $21.4M | $375.4M | ||
| Q2 25 | $15.6M | $348.2M | ||
| Q1 25 | $15.7M | $343.7M | ||
| Q4 24 | $26.7M | $336.5M | ||
| Q3 24 | $29.4M | $335.8M | ||
| Q2 24 | $30.2M | $327.5M | ||
| Q1 24 | $31.7M | $327.1M |
总资产LPTHNREF
| Q4 25 | $148.6M | $5.3B | ||
| Q3 25 | $87.3M | $5.3B | ||
| Q2 25 | $81.5M | $5.4B | ||
| Q1 25 | $81.4M | $5.4B | ||
| Q4 24 | $45.8M | $5.4B | ||
| Q3 24 | $48.4M | $5.7B | ||
| Q2 24 | $48.1M | $6.6B | ||
| Q1 24 | $49.7M | $7.1B |
负债/权益比LPTHNREF
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | 0.02× | 2.63× | ||
| Q1 24 | 0.02× | 2.58× |
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 | $2.8M | $-4.5M |
| 自由现金流经营现金流 - 资本支出 | $2.0M | — |
| 自由现金流率自由现金流/营收 | 12.0% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | — | -0.19× |
| 过去12个月自由现金流最近4个季度 | $-6.3M | — |
8季度趋势，按日历期对齐
经营现金流LPTHNREF
| Q4 25 | $2.8M | $-4.5M | ||
| Q3 25 | $-1.1M | $8.1M | ||
| Q2 25 | $-2.6M | $3.3M | ||
| Q1 25 | $-3.2M | $16.0M | ||
| Q4 24 | $-737.4K | $4.4M | ||
| Q3 24 | $-1.7M | $14.7M | ||
| Q2 24 | $64.7K | $-7.5M | ||
| Q1 24 | $-394.2K | $17.7M |
自由现金流LPTHNREF
| Q4 25 | $2.0M | — | ||
| Q3 25 | $-1.2M | — | ||
| Q2 25 | $-3.3M | — | ||
| Q1 25 | $-3.7M | — | ||
| Q4 24 | $-817.8K | — | ||
| Q3 24 | $-1.8M | — | ||
| Q2 24 | $-225.5K | — | ||
| Q1 24 | $-802.5K | — |
自由现金流率LPTHNREF
| Q4 25 | 12.0% | — | ||
| Q3 25 | -8.1% | — | ||
| Q2 25 | -27.3% | — | ||
| Q1 25 | -40.0% | — | ||
| Q4 24 | -11.0% | — | ||
| Q3 24 | -21.2% | — | ||
| Q2 24 | -2.6% | — | ||
| Q1 24 | -10.4% | — |
资本支出强度LPTHNREF
| Q4 25 | 5.3% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 5.3% | — |
现金转化率LPTHNREF
| Q4 25 | — | -0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.63× | ||
| Q2 24 | — | -0.62× | ||
| 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
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
NREF
暂无分部数据
