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ProFrac Holding Corp.（ACDC）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Ubiquiti Inc.的季度营收约是ProFrac Holding Corp.的1.9倍（$814.9M vs $436.5M），Ubiquiti Inc.净利率更高（28.7% vs -33.2%，领先61.8%），Ubiquiti Inc.同比增速更快（35.8% vs -4.0%），Ubiquiti Inc.自由现金流更多（$260.3M vs $12.9M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -13.4%）
ProFrac Holding Corp.是一家领先的北美能源服务企业，主要为油气勘探开采企业提供水力压裂、完井及相关配套服务，核心客户覆盖美国、加拿大主要陆上页岩及常规油气产区的上游运营商。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
ACDC vs UI — 直观对比
营收规模更大
UI
是对方的1.9倍
$436.5M
营收增速更快
UI
高出39.8%
-4.0%
净利率更高
UI
高出61.8%
-33.2%
自由现金流更多
UI
多$247.4M
$12.9M
两年增速更快
UI
近两年复合增速
-13.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $814.9M |
| 净利润 | $-144.7M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | -24.9% | 35.9% |
| 净利率 | -33.2% | 28.7% |
| 营收同比 | -4.0% | 35.8% |
| 净利润同比 | -37.8% | 70.8% |
| 每股收益（稀释后） | $-0.83 | $3.86 |
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ACDCUI
| Q4 25 | $436.5M | $814.9M | ||
| Q3 25 | $403.1M | $733.8M | ||
| Q2 25 | $501.9M | $759.2M | ||
| Q1 25 | $600.3M | $664.2M | ||
| Q4 24 | $454.7M | $599.9M | ||
| Q3 24 | $575.3M | $550.3M | ||
| Q2 24 | $579.4M | $507.5M | ||
| Q1 24 | $581.5M | $493.0M |
净利润ACDCUI
| Q4 25 | $-144.7M | $233.6M | ||
| Q3 25 | $-100.9M | $207.9M | ||
| Q2 25 | $-105.9M | $266.7M | ||
| Q1 25 | $-17.5M | $180.4M | ||
| Q4 24 | $-105.0M | $136.8M | ||
| Q3 24 | $-45.2M | $128.0M | ||
| Q2 24 | $-66.7M | $103.8M | ||
| Q1 24 | $1.8M | $76.3M |
毛利率ACDCUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率ACDCUI
| Q4 25 | -24.9% | 35.9% | ||
| Q3 25 | -19.5% | 35.7% | ||
| Q2 25 | -10.8% | 34.4% | ||
| Q1 25 | 2.7% | 34.2% | ||
| Q4 24 | -10.3% | 29.8% | ||
| Q3 24 | -0.7% | 30.7% | ||
| Q2 24 | -8.5% | 27.3% | ||
| Q1 24 | 6.9% | 22.6% |
净利率ACDCUI
| Q4 25 | -33.2% | 28.7% | ||
| Q3 25 | -25.0% | 28.3% | ||
| Q2 25 | -21.1% | 35.1% | ||
| Q1 25 | -2.9% | 27.2% | ||
| Q4 24 | -23.1% | 22.8% | ||
| Q3 24 | -7.9% | 23.3% | ||
| Q2 24 | -11.5% | 20.5% | ||
| Q1 24 | 0.3% | 15.5% |
每股收益（稀释后）ACDCUI
| Q4 25 | $-0.83 | $3.86 | ||
| Q3 25 | $-0.60 | $3.43 | ||
| Q2 25 | $-0.67 | $4.40 | ||
| Q1 25 | $-0.12 | $2.98 | ||
| Q4 24 | $-0.67 | $2.26 | ||
| Q3 24 | $-0.29 | $2.12 | ||
| Q2 24 | $-0.42 | $1.72 | ||
| Q1 24 | $0.00 | $1.26 |
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 | $22.9M | $302.8M |
| 总债务越低越好 | $832.7M | $47.5M |
| 股东权益账面价值 | $717.5M | $1.0B |
| 总资产 | $2.6B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.16× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ACDCUI
| Q4 25 | $22.9M | $302.8M | ||
| Q3 25 | $58.0M | $177.2M | ||
| Q2 25 | $26.0M | $149.7M | ||
| Q1 25 | $16.0M | $151.0M | ||
| Q4 24 | $14.8M | $133.1M | ||
| Q3 24 | $25.5M | $165.2M | ||
| Q2 24 | $24.0M | $126.3M | ||
| Q1 24 | $28.3M | $102.5M |
总债务ACDCUI
| Q4 25 | $832.7M | $47.5M | ||
| Q3 25 | $907.0M | $133.8M | ||
| Q2 25 | $941.9M | $250.0M | ||
| Q1 25 | $967.9M | $340.0M | ||
| Q4 24 | $936.1M | $406.3M | ||
| Q3 24 | $986.7M | $552.5M | ||
| Q2 24 | $1.0B | $708.1M | ||
| Q1 24 | $895.1M | $877.5M |
股东权益ACDCUI
| Q4 25 | $717.5M | $1.0B | ||
| Q3 25 | $862.0M | $828.4M | ||
| Q2 25 | $875.5M | $668.3M | ||
| Q1 25 | $988.1M | $436.1M | ||
| Q4 24 | $1.0B | $290.4M | ||
| Q3 24 | $1.1B | $188.1M | ||
| Q2 24 | $1.1B | $95.1M | ||
| Q1 24 | $1.2B | $25.9M |
总资产ACDCUI
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.8B | $1.5B | ||
| Q1 25 | $3.0B | $1.3B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $3.2B | $1.2B | ||
| Q1 24 | $3.0B | $1.2B |
负债/权益比ACDCUI
| Q4 25 | 1.16× | 0.05× | ||
| Q3 25 | 1.05× | 0.16× | ||
| Q2 25 | 1.08× | 0.37× | ||
| Q1 25 | 0.98× | 0.78× | ||
| Q4 24 | 0.93× | 1.40× | ||
| Q3 24 | 0.90× | 2.94× | ||
| Q2 24 | 0.88× | 7.45× | ||
| Q1 24 | 0.74× | 33.92× |
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 | $49.5M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $12.9M | $260.3M |
| 自由现金流率自由现金流/营收 | 3.0% | 31.9% |
| 资本支出强度资本支出/营收 | 8.4% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $19.6M | $699.5M |
8季度趋势，按日历期对齐
经营现金流ACDCUI
| Q4 25 | $49.5M | $263.9M | ||
| Q3 25 | $900.0K | $198.5M | ||
| Q2 25 | $100.4M | $130.4M | ||
| Q1 25 | $38.7M | $123.6M | ||
| Q4 24 | $76.5M | $152.4M | ||
| Q3 24 | $98.2M | $233.7M | ||
| Q2 24 | $113.5M | $231.4M | ||
| Q1 24 | $79.1M | $163.9M |
自由现金流ACDCUI
| Q4 25 | $12.9M | $260.3M | ||
| Q3 25 | $-33.4M | $193.3M | ||
| Q2 25 | $53.9M | $125.2M | ||
| Q1 25 | $-13.8M | $120.7M | ||
| Q4 24 | $13.3M | $150.4M | ||
| Q3 24 | $28.2M | $231.1M | ||
| Q2 24 | $51.6M | $229.5M | ||
| Q1 24 | $19.2M | $160.6M |
自由现金流率ACDCUI
| Q4 25 | 3.0% | 31.9% | ||
| Q3 25 | -8.3% | 26.3% | ||
| Q2 25 | 10.7% | 16.5% | ||
| Q1 25 | -2.3% | 18.2% | ||
| Q4 24 | 2.9% | 25.1% | ||
| Q3 24 | 4.9% | 42.0% | ||
| Q2 24 | 8.9% | 45.2% | ||
| Q1 24 | 3.3% | 32.6% |
资本支出强度ACDCUI
| Q4 25 | 8.4% | 0.4% | ||
| Q3 25 | 8.5% | 0.7% | ||
| Q2 25 | 9.3% | 0.7% | ||
| Q1 25 | 8.7% | 0.4% | ||
| Q4 24 | 13.9% | 0.3% | ||
| Q3 24 | 12.2% | 0.5% | ||
| Q2 24 | 10.7% | 0.4% | ||
| Q1 24 | 10.3% | 0.7% |
现金转化率ACDCUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | 43.94× | 2.15× |
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
ACDC
| Services | $385.6M | 88% |
| Products | $50.9M | 12% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
