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雅保（ALB）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
雅保的季度营收约是Ubiquiti Inc.的1.8倍（$1.4B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs -29.0%，领先57.7%），Ubiquiti Inc.同比增速更快（35.8% vs 15.9%），Ubiquiti Inc.自由现金流更多（$260.3M vs $233.1M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 2.4%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
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。
ALB vs UI — 直观对比
营收规模更大
ALB
是对方的1.8倍
$814.9M
营收增速更快
UI
高出19.9%
15.9%
净利率更高
UI
高出57.7%
-29.0%
自由现金流更多
UI
多$27.2M
$233.1M
两年增速更快
UI
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $814.9M |
| 净利润 | $-414.2M | $233.6M |
| 毛利率 | 13.9% | 45.9% |
| 营业利润率 | -15.2% | 35.9% |
| 净利率 | -29.0% | 28.7% |
| 营收同比 | 15.9% | 35.8% |
| 净利润同比 | -650.1% | 70.8% |
| 每股收益（稀释后） | $-3.88 | $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ALBUI
| Q4 25 | $1.4B | $814.9M | ||
| Q3 25 | $1.3B | $733.8M | ||
| Q2 25 | $1.3B | $759.2M | ||
| Q1 25 | $1.1B | $664.2M | ||
| Q4 24 | $1.2B | $599.9M | ||
| Q3 24 | $1.4B | $550.3M | ||
| Q2 24 | $1.4B | $507.5M | ||
| Q1 24 | $1.4B | $493.0M |
净利润ALBUI
| Q4 25 | $-414.2M | $233.6M | ||
| Q3 25 | $-160.7M | $207.9M | ||
| Q2 25 | $22.9M | $266.7M | ||
| Q1 25 | $41.3M | $180.4M | ||
| Q4 24 | $75.3M | $136.8M | ||
| Q3 24 | $-1.1B | $128.0M | ||
| Q2 24 | $-188.2M | $103.8M | ||
| Q1 24 | $2.4M | $76.3M |
毛利率ALBUI
| Q4 25 | 13.9% | 45.9% | ||
| Q3 25 | 9.0% | 46.0% | ||
| Q2 25 | 14.8% | 45.1% | ||
| Q1 25 | 14.5% | 44.5% | ||
| Q4 24 | 11.2% | 41.2% | ||
| Q3 24 | -7.7% | 42.1% | ||
| Q2 24 | -0.7% | 40.2% | ||
| Q1 24 | 2.9% | 35.3% |
营业利润率ALBUI
| Q4 25 | -15.2% | 35.9% | ||
| Q3 25 | -16.6% | 35.7% | ||
| Q2 25 | 3.6% | 34.4% | ||
| Q1 25 | 1.8% | 34.2% | ||
| Q4 24 | 0.4% | 29.8% | ||
| Q3 24 | -81.9% | 30.7% | ||
| Q2 24 | -34.4% | 27.3% | ||
| Q1 24 | -13.2% | 22.6% |
净利率ALBUI
| Q4 25 | -29.0% | 28.7% | ||
| Q3 25 | -12.3% | 28.3% | ||
| Q2 25 | 1.7% | 35.1% | ||
| Q1 25 | 3.8% | 27.2% | ||
| Q4 24 | 6.1% | 22.8% | ||
| Q3 24 | -78.9% | 23.3% | ||
| Q2 24 | -13.2% | 20.5% | ||
| Q1 24 | 0.2% | 15.5% |
每股收益（稀释后）ALBUI
| Q4 25 | $-3.88 | $3.86 | ||
| Q3 25 | $-1.72 | $3.43 | ||
| Q2 25 | $-0.16 | $4.40 | ||
| Q1 25 | $0.00 | $2.98 | ||
| Q4 24 | $0.29 | $2.26 | ||
| Q3 24 | $-9.45 | $2.12 | ||
| Q2 24 | $-1.96 | $1.72 | ||
| Q1 24 | $-0.08 | $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 | — | $302.8M |
| 总债务越低越好 | $3.2B | $47.5M |
| 股东权益账面价值 | $9.5B | $1.0B |
| 总资产 | $16.4B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ALBUI
| Q4 25 | — | $302.8M | ||
| Q3 25 | $1.9B | $177.2M | ||
| Q2 25 | $1.8B | $149.7M | ||
| Q1 25 | $1.5B | $151.0M | ||
| Q4 24 | $1.2B | $133.1M | ||
| Q3 24 | $1.7B | $165.2M | ||
| Q2 24 | $1.8B | $126.3M | ||
| Q1 24 | $2.1B | $102.5M |
总债务ALBUI
| Q4 25 | $3.2B | $47.5M | ||
| Q3 25 | $3.6B | $133.8M | ||
| Q2 25 | $3.6B | $250.0M | ||
| Q1 25 | $3.5B | $340.0M | ||
| Q4 24 | $3.5B | $406.3M | ||
| Q3 24 | $3.6B | $552.5M | ||
| Q2 24 | $3.5B | $708.1M | ||
| Q1 24 | $3.5B | $877.5M |
股东权益ALBUI
| Q4 25 | $9.5B | $1.0B | ||
| Q3 25 | $10.0B | $828.4M | ||
| Q2 25 | $10.2B | $668.3M | ||
| Q1 25 | $10.0B | $436.1M | ||
| Q4 24 | $10.0B | $290.4M | ||
| Q3 24 | $10.2B | $188.1M | ||
| Q2 24 | $11.2B | $95.1M | ||
| Q1 24 | $11.5B | $25.9M |
总资产ALBUI
| Q4 25 | $16.4B | $1.6B | ||
| Q3 25 | $17.1B | $1.5B | ||
| Q2 25 | $17.3B | $1.5B | ||
| Q1 25 | $17.0B | $1.3B | ||
| Q4 24 | $16.6B | $1.2B | ||
| Q3 24 | $17.5B | $1.2B | ||
| Q2 24 | $18.4B | $1.2B | ||
| Q1 24 | $19.0B | $1.2B |
负债/权益比ALBUI
| Q4 25 | 0.33× | 0.05× | ||
| Q3 25 | 0.36× | 0.16× | ||
| Q2 25 | 0.35× | 0.37× | ||
| Q1 25 | 0.35× | 0.78× | ||
| Q4 24 | 0.35× | 1.40× | ||
| Q3 24 | 0.35× | 2.94× | ||
| Q2 24 | 0.31× | 7.45× | ||
| Q1 24 | 0.31× | 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 | $388.5M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $260.3M |
| 自由现金流率自由现金流/营收 | 16.3% | 31.9% |
| 资本支出强度资本支出/营收 | 10.9% | 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 | $692.5M | $699.5M |
8季度趋势，按日历期对齐
经营现金流ALBUI
| Q4 25 | $388.5M | $263.9M | ||
| Q3 25 | $355.6M | $198.5M | ||
| Q2 25 | $-7.2M | $130.4M | ||
| Q1 25 | $545.4M | $123.6M | ||
| Q4 24 | $674.0K | $152.4M | ||
| Q3 24 | $240.5M | $233.7M | ||
| Q2 24 | $362.9M | $231.4M | ||
| Q1 24 | $98.0M | $163.9M |
自由现金流ALBUI
| Q4 25 | $233.1M | $260.3M | ||
| Q3 25 | $223.4M | $193.3M | ||
| Q2 25 | $-126.8M | $125.2M | ||
| Q1 25 | $362.8M | $120.7M | ||
| Q4 24 | $-355.1M | $150.4M | ||
| Q3 24 | $-62.6M | $231.1M | ||
| Q2 24 | $-84.7M | $229.5M | ||
| Q1 24 | $-481.4M | $160.6M |
自由现金流率ALBUI
| Q4 25 | 16.3% | 31.9% | ||
| Q3 25 | 17.1% | 26.3% | ||
| Q2 25 | -9.5% | 16.5% | ||
| Q1 25 | 33.7% | 18.2% | ||
| Q4 24 | -28.8% | 25.1% | ||
| Q3 24 | -4.6% | 42.0% | ||
| Q2 24 | -5.9% | 45.2% | ||
| Q1 24 | -35.4% | 32.6% |
资本支出强度ALBUI
| Q4 25 | 10.9% | 0.4% | ||
| Q3 25 | 10.1% | 0.7% | ||
| Q2 25 | 9.0% | 0.7% | ||
| Q1 25 | 17.0% | 0.4% | ||
| Q4 24 | 28.9% | 0.3% | ||
| Q3 24 | 22.4% | 0.5% | ||
| Q2 24 | 31.3% | 0.4% | ||
| Q1 24 | 42.6% | 0.7% |
现金转化率ALBUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | -0.31× | 0.49× | ||
| Q1 25 | 13.19× | 0.68× | ||
| Q4 24 | 0.01× | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | 40.01× | 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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
