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Adeia Inc.（ADEA）与Liberty Global Ltd.（LBTYA）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是Adeia Inc.的6.7倍（$1.2B vs $182.6M）。Adeia Inc.净利率更高（40.4% vs -237.0%，领先277.3%）。Liberty Global Ltd.同比增速更快（187.2% vs 53.3%）。Liberty Global Ltd.自由现金流更多（$193.3M vs $59.4M）。过去两年Adeia Inc.的营收复合增速更高（48.0% vs -20.4%）
Adeia Inc.是一家全球化知识产权授权与创新企业，主营半导体制造、消费电子、媒体分发及智能设备领域的专利技术研发与商业化合作，与全球多家头部科技企业达成授权合作，推动相关行业技术升级。
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
ADEA vs LBTYA — 直观对比
营收规模更大
LBTYA
是对方的6.7倍
$182.6M
营收增速更快
LBTYA
高出133.9%
53.3%
净利率更高
ADEA
高出277.3%
-237.0%
自由现金流更多
LBTYA
多$133.9M
$59.4M
两年增速更快
ADEA
近两年复合增速
-20.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $182.6M | $1.2B |
| 净利润 | $73.7M | $-2.9B |
| 毛利率 | — | 66.8% |
| 营业利润率 | 59.5% | -8.6% |
| 净利率 | 40.4% | -237.0% |
| 营收同比 | 53.3% | 187.2% |
| 净利润同比 | 104.6% | -230.0% |
| 每股收益（稀释后） | $0.66 | $-8.66 |
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ADEALBTYA
| Q4 25 | $182.6M | $1.2B | ||
| Q3 25 | $87.3M | $1.2B | ||
| Q2 25 | $85.7M | $1.3B | ||
| Q1 25 | $87.7M | $1.2B | ||
| Q4 24 | $119.2M | $-1.4B | ||
| Q3 24 | $86.1M | $1.9B | ||
| Q2 24 | $87.3M | $1.9B | ||
| Q1 24 | $83.4M | $1.9B |
净利润ADEALBTYA
| Q4 25 | $73.7M | $-2.9B | ||
| Q3 25 | $8.8M | $-90.7M | ||
| Q2 25 | $16.7M | $-2.8B | ||
| Q1 25 | $11.8M | $-1.3B | ||
| Q4 24 | $36.0M | $2.2B | ||
| Q3 24 | $19.3M | $-1.4B | ||
| Q2 24 | $8.4M | $268.1M | ||
| Q1 24 | $899.0K | $510.0M |
毛利率ADEALBTYA
| Q4 25 | — | 66.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 63.3% | ||
| Q1 25 | — | 65.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 69.4% | ||
| Q2 24 | — | 68.5% | ||
| Q1 24 | — | 65.4% |
营业利润率ADEALBTYA
| Q4 25 | 59.5% | -8.6% | ||
| Q3 25 | 30.9% | -0.7% | ||
| Q2 25 | 19.1% | 2.3% | ||
| Q1 25 | 26.0% | 5.2% | ||
| Q4 24 | 48.2% | — | ||
| Q3 24 | 32.7% | 5.2% | ||
| Q2 24 | 27.1% | 1.0% | ||
| Q1 24 | 23.2% | 1.2% |
净利率ADEALBTYA
| Q4 25 | 40.4% | -237.0% | ||
| Q3 25 | 10.1% | -7.5% | ||
| Q2 25 | 19.5% | -220.1% | ||
| Q1 25 | 13.5% | -114.2% | ||
| Q4 24 | 30.2% | -158.9% | ||
| Q3 24 | 22.4% | -74.1% | ||
| Q2 24 | 9.6% | 14.3% | ||
| Q1 24 | 1.1% | 26.2% |
每股收益（稀释后）ADEALBTYA
| Q4 25 | $0.66 | $-8.66 | ||
| Q3 25 | $0.08 | $-0.27 | ||
| Q2 25 | $0.15 | $-8.09 | ||
| Q1 25 | $0.10 | $-3.84 | ||
| Q4 24 | $0.32 | $6.15 | ||
| Q3 24 | $0.17 | $-3.95 | ||
| Q2 24 | $0.07 | $0.71 | ||
| Q1 24 | $0.01 | $1.32 |
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 | $136.7M | $2.2B |
| 总债务越低越好 | $418.5M | $7.8B |
| 股东权益账面价值 | $480.5M | $9.7B |
| 总资产 | $1.0B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.87× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资ADEALBTYA
| Q4 25 | $136.7M | $2.2B | ||
| Q3 25 | $115.1M | $1.7B | ||
| Q2 25 | $116.5M | $3.1B | ||
| Q1 25 | $116.5M | $2.0B | ||
| Q4 24 | $110.4M | $2.2B | ||
| Q3 24 | $89.2M | $3.3B | ||
| Q2 24 | $94.5M | $3.2B | ||
| Q1 24 | $89.0M | $2.8B |
总债务ADEALBTYA
| Q4 25 | $418.5M | $7.8B | ||
| Q3 25 | $438.7M | $7.8B | ||
| Q2 25 | $448.9M | $7.8B | ||
| Q1 25 | $459.2M | $8.2B | ||
| Q4 24 | $475.5M | $8.2B | ||
| Q3 24 | $524.4M | $14.9B | ||
| Q2 24 | $535.6M | $14.7B | ||
| Q1 24 | $546.3M | $14.8B |
股东权益ADEALBTYA
| Q4 25 | $480.5M | $9.7B | ||
| Q3 25 | $413.7M | $12.7B | ||
| Q2 25 | $402.9M | $13.0B | ||
| Q1 25 | $389.5M | $12.6B | ||
| Q4 24 | $396.6M | $12.4B | ||
| Q3 24 | $378.2M | $18.7B | ||
| Q2 24 | $359.1M | $18.3B | ||
| Q1 24 | $350.0M | $18.4B |
总资产ADEALBTYA
| Q4 25 | $1.0B | $22.6B | ||
| Q3 25 | $1.1B | $25.4B | ||
| Q2 25 | $1.1B | $27.2B | ||
| Q1 25 | $1.1B | $26.0B | ||
| Q4 24 | $1.1B | $25.4B | ||
| Q3 24 | $1.1B | $41.8B | ||
| Q2 24 | $1.1B | $40.8B | ||
| Q1 24 | $1.1B | $40.6B |
负债/权益比ADEALBTYA
| Q4 25 | 0.87× | 0.80× | ||
| Q3 25 | 1.06× | 0.61× | ||
| Q2 25 | 1.11× | 0.60× | ||
| Q1 25 | 1.18× | 0.65× | ||
| Q4 24 | 1.20× | 0.66× | ||
| Q3 24 | 1.39× | 0.80× | ||
| Q2 24 | 1.49× | 0.80× | ||
| Q1 24 | 1.56× | 0.80× |
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 | $60.0M | $630.9M |
| 自由现金流经营现金流 - 资本支出 | $59.4M | $193.3M |
| 自由现金流率自由现金流/营收 | 32.5% | 15.7% |
| 资本支出强度资本支出/营收 | 0.3% | 35.5% |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | $156.3M | $-132.0M |
8季度趋势，按日历期对齐
经营现金流ADEALBTYA
| Q4 25 | $60.0M | $630.9M | ||
| Q3 25 | $17.8M | $301.8M | ||
| Q2 25 | $23.1M | $149.2M | ||
| Q1 25 | $57.1M | $129.2M | ||
| Q4 24 | $107.5M | $791.6M | ||
| Q3 24 | $14.3M | $449.5M | ||
| Q2 24 | $23.5M | $546.1M | ||
| Q1 24 | $67.2M | $245.7M |
自由现金流ADEALBTYA
| Q4 25 | $59.4M | $193.3M | ||
| Q3 25 | $17.0M | $-41.1M | ||
| Q2 25 | $22.9M | $-170.1M | ||
| Q1 25 | $56.9M | $-114.1M | ||
| Q4 24 | $106.9M | $712.9M | ||
| Q3 24 | $14.3M | $102.4M | ||
| Q2 24 | $23.0M | $256.8M | ||
| Q1 24 | $66.4M | $-105.1M |
自由现金流率ADEALBTYA
| Q4 25 | 32.5% | 15.7% | ||
| Q3 25 | 19.5% | -3.4% | ||
| Q2 25 | 26.7% | -13.4% | ||
| Q1 25 | 64.9% | -9.7% | ||
| Q4 24 | 89.7% | -50.5% | ||
| Q3 24 | 16.6% | 5.3% | ||
| Q2 24 | 26.4% | 13.7% | ||
| Q1 24 | 79.7% | -5.4% |
资本支出强度ADEALBTYA
| Q4 25 | 0.3% | 35.5% | ||
| Q3 25 | 0.9% | 28.4% | ||
| Q2 25 | 0.2% | 25.2% | ||
| Q1 25 | 0.3% | 20.8% | ||
| Q4 24 | 0.5% | -5.6% | ||
| Q3 24 | 0.1% | 17.9% | ||
| Q2 24 | 0.5% | 15.4% | ||
| Q1 24 | 1.0% | 18.0% |
现金转化率ADEALBTYA
| Q4 25 | 0.81× | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 4.84× | — | ||
| Q4 24 | 2.98× | 0.35× | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 2.80× | 2.04× | ||
| Q1 24 | 74.78× | 0.48× |
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
ADEA
| Media Platform | $172.9M | 95% |
| Semiconductor | $9.7M | 5% |
LBTYA
| Total Residential Fixed Revenue | $450.7M | 37% |
| JV Reportable Segments | $161.0M | 13% |
| Video | $148.8M | 12% |
| Ireland | $134.0M | 11% |
| Mobile Subscription | $128.6M | 10% |
| Related Party | $93.9M | 8% |
| Reportable Segment | $48.3M | 4% |
| Fixed Line Telephony | $46.6M | 4% |
| Non Subscription Revenue | $9.6M | 1% |
