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LIGHTPATH TECHNOLOGIES INC（LPTH）与Stran & Company, Inc.（SWAG）财务数据对比。点击上方公司名可切换其他公司
Stran & Company, Inc.的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.8倍（$28.9M vs $16.4M），Stran & Company, Inc.净利率更高（0.8% vs -57.5%，领先58.4%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs 7.2%），LIGHTPATH TECHNOLOGIES INC自由现金流更多（$2.0M vs $38.0K），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs 24.0%）
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。
Stran & Company, Inc.是品牌促销产品、定制周边及一体化营销解决方案供应商，服务覆盖零售、医疗、科技、教育等领域企业客户，助力客户开展品牌宣传、用户运营及员工激励相关工作。
LPTH vs SWAG — 直观对比
营收规模更大
SWAG
是对方的1.8倍
$16.4M
营收增速更快
LPTH
高出113.0%
7.2%
净利率更高
SWAG
高出58.4%
-57.5%
自由现金流更多
LPTH
多$1.9M
$38.0K
两年增速更快
LPTH
近两年复合增速
24.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $16.4M | $28.9M |
| 净利润 | $-9.4M | $243.0K |
| 毛利率 | 36.8% | 30.4% |
| 营业利润率 | -52.6% | -0.1% |
| 净利率 | -57.5% | 0.8% |
| 营收同比 | 120.2% | 7.2% |
| 净利润同比 | -260.1% | 141.5% |
| 每股收益（稀释后） | $-0.20 | $0.02 |
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LPTHSWAG
| Q4 25 | $16.4M | $28.9M | ||
| Q3 25 | $15.1M | $26.0M | ||
| Q2 25 | $12.2M | $32.6M | ||
| Q1 25 | $9.2M | $28.7M | ||
| Q4 24 | $7.4M | $27.0M | ||
| Q3 24 | $8.4M | $20.1M | ||
| Q2 24 | $8.6M | $16.7M | ||
| Q1 24 | $7.7M | $18.8M |
净利润LPTHSWAG
| Q4 25 | $-9.4M | $243.0K | ||
| Q3 25 | $-2.9M | $-1.2M | ||
| Q2 25 | $-7.1M | $643.0K | ||
| Q1 25 | $-3.6M | $-393.0K | ||
| Q4 24 | $-2.6M | $-586.0K | ||
| Q3 24 | $-1.6M | $-2.0M | ||
| Q2 24 | $-2.4M | $-1.0M | ||
| Q1 24 | $-2.6M | $-491.0K |
毛利率LPTHSWAG
| Q4 25 | 36.8% | 30.4% | ||
| Q3 25 | 29.8% | 27.2% | ||
| Q2 25 | 22.0% | 30.3% | ||
| Q1 25 | 29.1% | 29.6% | ||
| Q4 24 | 26.0% | 32.5% | ||
| Q3 24 | 33.9% | 29.5% | ||
| Q2 24 | 29.2% | 32.8% | ||
| Q1 24 | 20.9% | 29.8% |
营业利润率LPTHSWAG
| Q4 25 | -52.6% | -0.1% | ||
| Q3 25 | -16.6% | -6.9% | ||
| Q2 25 | -38.0% | 1.2% | ||
| Q1 25 | -36.3% | -1.9% | ||
| Q4 24 | -33.5% | -3.5% | ||
| Q3 24 | -16.4% | -10.8% | ||
| Q2 24 | -25.6% | -6.6% | ||
| Q1 24 | -33.6% | -3.5% |
净利率LPTHSWAG
| Q4 25 | -57.5% | 0.8% | ||
| Q3 25 | -19.2% | -4.8% | ||
| Q2 25 | -57.8% | 2.0% | ||
| Q1 25 | -39.1% | -1.4% | ||
| Q4 24 | -35.2% | -2.2% | ||
| Q3 24 | -19.3% | -10.1% | ||
| Q2 24 | -27.3% | -6.1% | ||
| Q1 24 | -33.7% | -2.6% |
每股收益（稀释后）LPTHSWAG
| Q4 25 | $-0.20 | $0.02 | ||
| Q3 25 | $-0.07 | $-0.07 | ||
| Q2 25 | $0.19 | $0.03 | ||
| Q1 25 | $-0.44 | $-0.02 | ||
| Q4 24 | $-0.07 | $-0.02 | ||
| Q3 24 | $-0.04 | $-0.11 | ||
| Q2 24 | $-0.15 | $-0.06 | ||
| Q1 24 | $-0.07 | $-0.03 |
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 | $11.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $77.9M | $30.5M |
| 总资产 | $148.6M | $49.3M |
| 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LPTHSWAG
| Q4 25 | $73.6M | $11.6M | ||
| Q3 25 | — | $11.8M | ||
| Q2 25 | $4.9M | $18.1M | ||
| Q1 25 | — | $12.2M | ||
| Q4 24 | — | $18.2M | ||
| Q3 24 | — | $6.9M | ||
| Q2 24 | — | $9.6M | ||
| Q1 24 | — | $10.7M |
总债务LPTHSWAG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $535.0K | — | ||
| Q1 24 | $599.4K | — |
股东权益LPTHSWAG
| Q4 25 | $77.9M | $30.5M | ||
| Q3 25 | $21.4M | $30.2M | ||
| Q2 25 | $15.6M | $31.8M | ||
| Q1 25 | $15.7M | $31.3M | ||
| Q4 24 | $26.7M | $31.6M | ||
| Q3 24 | $29.4M | $32.3M | ||
| Q2 24 | $30.2M | $34.3M | ||
| Q1 24 | $31.7M | $35.2M |
总资产LPTHSWAG
| Q4 25 | $148.6M | $49.3M | ||
| Q3 25 | $87.3M | $50.3M | ||
| Q2 25 | $81.5M | $61.2M | ||
| Q1 25 | $81.4M | $52.2M | ||
| Q4 24 | $45.8M | $55.1M | ||
| Q3 24 | $48.4M | $48.8M | ||
| Q2 24 | $48.1M | $46.6M | ||
| Q1 24 | $49.7M | $47.9M |
负债/权益比LPTHSWAG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.02× | — | ||
| Q1 24 | 0.02× | — |
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 | $161.0K |
| 自由现金流经营现金流 - 资本支出 | $2.0M | $38.0K |
| 自由现金流率自由现金流/营收 | 12.0% | 0.1% |
| 资本支出强度资本支出/营收 | 5.3% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 0.66× |
| 过去12个月自由现金流最近4个季度 | $-6.3M | $-5.5M |
8季度趋势，按日历期对齐
经营现金流LPTHSWAG
| Q4 25 | $2.8M | $161.0K | ||
| Q3 25 | $-1.1M | $-5.4M | ||
| Q2 25 | $-2.6M | $6.4M | ||
| Q1 25 | $-3.2M | $-5.9M | ||
| Q4 24 | $-737.4K | $1.3M | ||
| Q3 24 | $-1.7M | $-2.7M | ||
| Q2 24 | $64.7K | $2.1M | ||
| Q1 24 | $-394.2K | $2.1M |
自由现金流LPTHSWAG
| Q4 25 | $2.0M | $38.0K | ||
| Q3 25 | $-1.2M | $-5.9M | ||
| Q2 25 | $-3.3M | $6.3M | ||
| Q1 25 | $-3.7M | $-6.0M | ||
| Q4 24 | $-817.8K | $1.2M | ||
| Q3 24 | $-1.8M | $-2.9M | ||
| Q2 24 | $-225.5K | $1.9M | ||
| Q1 24 | $-802.5K | $1.9M |
自由现金流率LPTHSWAG
| Q4 25 | 12.0% | 0.1% | ||
| Q3 25 | -8.1% | -22.6% | ||
| Q2 25 | -27.3% | 19.5% | ||
| Q1 25 | -40.0% | -21.0% | ||
| Q4 24 | -11.0% | 4.6% | ||
| Q3 24 | -21.2% | -14.3% | ||
| Q2 24 | -2.6% | 11.6% | ||
| Q1 24 | -10.4% | 9.9% |
资本支出强度LPTHSWAG
| Q4 25 | 5.3% | 0.4% | ||
| Q3 25 | 0.5% | 1.9% | ||
| Q2 25 | 5.6% | 0.2% | ||
| Q1 25 | 4.6% | 0.4% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 0.9% | 0.7% | ||
| Q2 24 | 3.4% | 1.1% | ||
| Q1 24 | 5.3% | 1.0% |
现金转化率LPTHSWAG
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 9.99× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
SWAG
| Promotional Products Dropshipping | $11.2M | 39% |
| Casino Continuity Program | $6.9M | 24% |
| Promotional Products Company Owned Inventory | $4.6M | 16% |
| Promotional Products Bulk Dropshipping | $3.8M | 13% |
| Promotional Products Thirdparty Distributor | $1.8M | 6% |
| Other | $610.0K | 2% |
