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LIGHTPATH TECHNOLOGIES INC（LPTH）与西木工作室（WHG）财务数据对比。点击上方公司名可切换其他公司
西木工作室的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.5倍（$25.0M vs $16.4M），西木工作室净利率更高（3.1% vs -57.5%，领先60.7%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs 7.4%），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs 4.9%）
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。
西木工作室是总部位于美国内华达州拉斯维加斯的电子游戏开发商，1985年由布雷特·斯佩里与路易斯·卡斯特创立，最初名为Brelous Software，成立两个月后更名为西木合伙人，1992年维珍游戏收购后更名为西木工作室。1998年该工作室连同维珍互动北美业务一同被艺电收购。
LPTH vs WHG — 直观对比
营收规模更大
WHG
是对方的1.5倍
$16.4M
营收增速更快
LPTH
高出112.9%
7.4%
净利率更高
WHG
高出60.7%
-57.5%
两年增速更快
LPTH
近两年复合增速
4.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $16.4M | $25.0M |
| 净利润 | $-9.4M | $782.0K |
| 毛利率 | 36.8% | — |
| 营业利润率 | -52.6% | — |
| 净利率 | -57.5% | 3.1% |
| 营收同比 | 120.2% | 7.4% |
| 净利润同比 | -260.1% | — |
| 每股收益（稀释后） | $-0.20 | $0.09 |
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LPTHWHG
| Q1 26 | — | $25.0M | ||
| Q4 25 | $16.4M | $27.1M | ||
| Q3 25 | $15.1M | $24.3M | ||
| Q2 25 | $12.2M | $23.1M | ||
| Q1 25 | $9.2M | $23.3M | ||
| Q4 24 | $7.4M | $46.5M | ||
| Q3 24 | $8.4M | $23.7M | ||
| Q2 24 | $8.6M | $22.7M |
净利润LPTHWHG
| Q1 26 | — | $782.0K | ||
| Q4 25 | $-9.4M | $1.8M | ||
| Q3 25 | $-2.9M | $3.7M | ||
| Q2 25 | $-7.1M | $1.0M | ||
| Q1 25 | $-3.6M | $478.0K | ||
| Q4 24 | $-2.6M | $3.7M | ||
| Q3 24 | $-1.6M | $-1.2M | ||
| Q2 24 | $-2.4M | $-378.0K |
毛利率LPTHWHG
| Q1 26 | — | — | ||
| 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% | — |
营业利润率LPTHWHG
| Q1 26 | — | — | ||
| Q4 25 | -52.6% | 8.0% | ||
| Q3 25 | -16.6% | 8.3% | ||
| Q2 25 | -38.0% | 3.8% | ||
| Q1 25 | -36.3% | -0.3% | ||
| Q4 24 | -33.5% | 10.0% | ||
| Q3 24 | -16.4% | -2.1% | ||
| Q2 24 | -25.6% | -18.4% |
净利率LPTHWHG
| Q1 26 | — | 3.1% | ||
| Q4 25 | -57.5% | 6.8% | ||
| Q3 25 | -19.2% | 15.4% | ||
| Q2 25 | -57.8% | 4.5% | ||
| Q1 25 | -39.1% | 2.1% | ||
| Q4 24 | -35.2% | 14.5% | ||
| Q3 24 | -19.3% | -5.0% | ||
| Q2 24 | -27.3% | -1.7% |
每股收益（稀释后）LPTHWHG
| Q1 26 | — | $0.09 | ||
| Q4 25 | $-0.20 | $0.21 | ||
| Q3 25 | $-0.07 | $0.41 | ||
| Q2 25 | $0.19 | $0.12 | ||
| Q1 25 | $-0.44 | $0.05 | ||
| Q4 24 | $-0.07 | $0.45 | ||
| Q3 24 | $-0.04 | $-0.15 | ||
| Q2 24 | $-0.15 | $-0.05 |
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 | $23.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $77.9M | $126.1M |
| 总资产 | $148.6M | $150.4M |
| 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LPTHWHG
| Q1 26 | — | $23.4M | ||
| Q4 25 | $73.6M | $47.7M | ||
| Q3 25 | — | $41.3M | ||
| Q2 25 | $4.9M | $35.2M | ||
| Q1 25 | — | $29.1M | ||
| Q4 24 | — | $46.5M | ||
| Q3 24 | — | $48.3M | ||
| Q2 24 | — | $44.1M |
总债务LPTHWHG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $535.0K | — |
股东权益LPTHWHG
| Q1 26 | — | $126.1M | ||
| Q4 25 | $77.9M | $125.6M | ||
| Q3 25 | $21.4M | $123.9M | ||
| Q2 25 | $15.6M | $122.4M | ||
| Q1 25 | $15.7M | $121.4M | ||
| Q4 24 | $26.7M | $120.3M | ||
| Q3 24 | $29.4M | $120.4M | ||
| Q2 24 | $30.2M | $120.5M |
总资产LPTHWHG
| Q1 26 | — | $150.4M | ||
| Q4 25 | $148.6M | $162.3M | ||
| Q3 25 | $87.3M | $154.0M | ||
| Q2 25 | $81.5M | $146.3M | ||
| Q1 25 | $81.4M | $135.0M | ||
| Q4 24 | $45.8M | $150.0M | ||
| Q3 24 | $48.4M | $151.5M | ||
| Q2 24 | $48.1M | $147.4M |
负债/权益比LPTHWHG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $-2.6M |
| 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 | — | -3.28× |
| 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LPTHWHG
| Q1 26 | — | $-2.6M | ||
| Q4 25 | $2.8M | $18.9M | ||
| Q3 25 | $-1.1M | $8.5M | ||
| Q2 25 | $-2.6M | $7.3M | ||
| Q1 25 | $-3.2M | $-4.9M | ||
| Q4 24 | $-737.4K | $21.1M | ||
| Q3 24 | $-1.7M | $529.0K | ||
| Q2 24 | $64.7K | $3.6M |
自由现金流LPTHWHG
| Q1 26 | — | — | ||
| Q4 25 | $2.0M | $18.8M | ||
| Q3 25 | $-1.2M | $8.5M | ||
| Q2 25 | $-3.3M | — | ||
| Q1 25 | $-3.7M | $-4.9M | ||
| Q4 24 | $-817.8K | $21.0M | ||
| Q3 24 | $-1.8M | $519.0K | ||
| Q2 24 | $-225.5K | $3.5M |
自由现金流率LPTHWHG
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 69.5% | ||
| Q3 25 | -8.1% | 34.8% | ||
| Q2 25 | -27.3% | — | ||
| Q1 25 | -40.0% | -21.1% | ||
| Q4 24 | -11.0% | 45.2% | ||
| Q3 24 | -21.2% | 2.2% | ||
| Q2 24 | -2.6% | 15.6% |
资本支出强度LPTHWHG
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 0.3% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 5.6% | 0.0% | ||
| Q1 25 | 4.6% | 0.0% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 0.9% | 0.0% | ||
| Q2 24 | 3.4% | 0.1% |
现金转化率LPTHWHG
| Q1 26 | — | -3.28× | ||
| Q4 25 | — | 10.29× | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | — | 7.08× | ||
| Q1 25 | — | -10.25× | ||
| Q4 24 | — | 5.69× | ||
| Q3 24 | — | — | ||
| Q2 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% |
WHG
| Asset-based | $19.3M | 77% |
| Trust fees | $5.3M | 21% |
