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LIGHTPATH TECHNOLOGIES INC（LPTH）与Star Holdings（STHO）财务数据对比。点击上方公司名可切换其他公司
Star Holdings的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.6倍（$25.4M vs $16.4M），LIGHTPATH TECHNOLOGIES INC净利率更高（-57.5% vs -75.5%，领先17.9%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs -22.6%），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs -0.2%）
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。
蓝星有限公司是一家印度跨国家电企业，总部位于孟买，主营空调、商用制冷以及机电工程业务，是印度本土市场规模第二大的空调领域本土企业。
LPTH vs STHO — 直观对比
营收规模更大
STHO
是对方的1.6倍
$16.4M
营收增速更快
LPTH
高出142.8%
-22.6%
净利率更高
LPTH
高出17.9%
-75.5%
两年增速更快
LPTH
近两年复合增速
-0.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $16.4M | $25.4M |
| 净利润 | $-9.4M | $-19.1M |
| 毛利率 | 36.8% | — |
| 营业利润率 | -52.6% | -91.7% |
| 净利率 | -57.5% | -75.5% |
| 营收同比 | 120.2% | -22.6% |
| 净利润同比 | -260.1% | 81.3% |
| 每股收益（稀释后） | $-0.20 | $-1.52 |
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LPTHSTHO
| Q4 25 | $16.4M | $25.4M | ||
| Q3 25 | $15.1M | $28.1M | ||
| Q2 25 | $12.2M | $42.1M | ||
| Q1 25 | $9.2M | $14.6M | ||
| Q4 24 | $7.4M | $32.8M | ||
| Q3 24 | $8.4M | $24.6M | ||
| Q2 24 | $8.6M | $30.6M | ||
| Q1 24 | $7.7M | $25.4M |
净利润LPTHSTHO
| Q4 25 | $-9.4M | $-19.1M | ||
| Q3 25 | $-2.9M | $1.8M | ||
| Q2 25 | $-7.1M | $-39.3M | ||
| Q1 25 | $-3.6M | $-7.6M | ||
| Q4 24 | $-2.6M | $-102.6M | ||
| Q3 24 | $-1.6M | $91.9M | ||
| Q2 24 | $-2.4M | $-27.1M | ||
| Q1 24 | $-2.6M | $-49.0M |
毛利率LPTHSTHO
| 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LPTHSTHO
| Q4 25 | -52.6% | -91.7% | ||
| Q3 25 | -16.6% | 1.0% | ||
| Q2 25 | -38.0% | -94.5% | ||
| Q1 25 | -36.3% | -55.0% | ||
| Q4 24 | -33.5% | -314.1% | ||
| Q3 24 | -16.4% | — | ||
| Q2 24 | -25.6% | -91.5% | ||
| Q1 24 | -33.6% | -192.6% |
净利率LPTHSTHO
| Q4 25 | -57.5% | -75.5% | ||
| Q3 25 | -19.2% | 6.4% | ||
| Q2 25 | -57.8% | -93.5% | ||
| Q1 25 | -39.1% | -52.0% | ||
| Q4 24 | -35.2% | -313.1% | ||
| Q3 24 | -19.3% | 374.3% | ||
| Q2 24 | -27.3% | -88.8% | ||
| Q1 24 | -33.7% | -192.6% |
每股收益（稀释后）LPTHSTHO
| Q4 25 | $-0.20 | $-1.52 | ||
| Q3 25 | $-0.07 | $0.14 | ||
| Q2 25 | $0.19 | $-2.95 | ||
| Q1 25 | $-0.44 | $-0.57 | ||
| Q4 24 | $-0.07 | $-7.69 | ||
| Q3 24 | $-0.04 | $6.90 | ||
| Q2 24 | $-0.15 | $-2.04 | ||
| Q1 24 | $-0.07 | $-3.68 |
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 | $50.1M |
| 总债务越低越好 | — | $268.7M |
| 股东权益账面价值 | $77.9M | $251.8M |
| 总资产 | $148.6M | $570.2M |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资LPTHSTHO
| Q4 25 | $73.6M | $50.1M | ||
| Q3 25 | — | $40.6M | ||
| Q2 25 | $4.9M | $44.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | — | $35.0M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $48.3M | ||
| Q1 24 | — | $45.7M |
总债务LPTHSTHO
| Q4 25 | — | $268.7M | ||
| Q3 25 | — | $259.3M | ||
| Q2 25 | — | $245.4M | ||
| Q1 25 | — | $231.5M | ||
| Q4 24 | — | $217.3M | ||
| Q3 24 | — | $201.2M | ||
| Q2 24 | $535.0K | $197.2M | ||
| Q1 24 | $599.4K | $195.0M |
股东权益LPTHSTHO
| Q4 25 | $77.9M | $251.8M | ||
| Q3 25 | $21.4M | $275.4M | ||
| Q2 25 | $15.6M | $276.1M | ||
| Q1 25 | $15.7M | $316.1M | ||
| Q4 24 | $26.7M | $324.3M | ||
| Q3 24 | $29.4M | $427.5M | ||
| Q2 24 | $30.2M | $335.3M | ||
| Q1 24 | $31.7M | $362.4M |
总资产LPTHSTHO
| Q4 25 | $148.6M | $570.2M | ||
| Q3 25 | $87.3M | $595.9M | ||
| Q2 25 | $81.5M | $589.9M | ||
| Q1 25 | $81.4M | $618.2M | ||
| Q4 24 | $45.8M | $608.7M | ||
| Q3 24 | $48.4M | $696.5M | ||
| Q2 24 | $48.1M | $601.0M | ||
| Q1 24 | $49.7M | $622.9M |
负债/权益比LPTHSTHO
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 0.94× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | 0.02× | 0.59× | ||
| Q1 24 | 0.02× | 0.54× |
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 | $-11.7M |
| 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 | — | — |
| 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LPTHSTHO
| Q4 25 | $2.8M | $-11.7M | ||
| Q3 25 | $-1.1M | $5.3M | ||
| Q2 25 | $-2.6M | $-2.6M | ||
| Q1 25 | $-3.2M | $-6.3M | ||
| Q4 24 | $-737.4K | $-31.3M | ||
| Q3 24 | $-1.7M | $-3.8M | ||
| Q2 24 | $64.7K | $-6.4M | ||
| Q1 24 | $-394.2K | $-14.2M |
自由现金流LPTHSTHO
| 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LPTHSTHO
| 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LPTHSTHO
| 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LPTHSTHO
| Q4 25 | — | — | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.04× | ||
| Q2 24 | — | — | ||
| 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% |
STHO
| Land Development | $13.0M | 51% |
| Other Income Revenue | $9.3M | 37% |
| Operating Lease Income | $2.0M | 8% |
| Other | $1.2M | 5% |
