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安朗杰（ALLE）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
安朗杰的季度营收约是Ubiquiti Inc.的1.3倍（$1.0B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 13.4%，领先15.3%），Ubiquiti Inc.同比增速更快（35.8% vs 9.7%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 3.5%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
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。
ALLE vs UI — 直观对比
营收规模更大
ALLE
是对方的1.3倍
$814.9M
营收增速更快
UI
高出26.1%
9.7%
净利率更高
UI
高出15.3%
13.4%
两年增速更快
UI
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $814.9M |
| 净利润 | $138.1M | $233.6M |
| 毛利率 | 44.0% | 45.9% |
| 营业利润率 | 18.9% | 35.9% |
| 净利率 | 13.4% | 28.7% |
| 营收同比 | 9.7% | 35.8% |
| 净利润同比 | -6.8% | 70.8% |
| 每股收益（稀释后） | — | $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ALLEUI
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $814.9M | ||
| Q3 25 | $1.1B | $733.8M | ||
| Q2 25 | $1.0B | $759.2M | ||
| Q1 25 | $941.9M | $664.2M | ||
| Q4 24 | $945.6M | $599.9M | ||
| Q3 24 | $967.1M | $550.3M | ||
| Q2 24 | $965.6M | $507.5M |
净利润ALLEUI
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | $233.6M | ||
| Q3 25 | $188.4M | $207.9M | ||
| Q2 25 | $159.7M | $266.7M | ||
| Q1 25 | $148.2M | $180.4M | ||
| Q4 24 | $144.1M | $136.8M | ||
| Q3 24 | $174.2M | $128.0M | ||
| Q2 24 | $155.4M | $103.8M |
毛利率ALLEUI
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | 45.9% | ||
| Q3 25 | 45.8% | 46.0% | ||
| Q2 25 | 45.6% | 45.1% | ||
| Q1 25 | 44.9% | 44.5% | ||
| Q4 24 | 44.1% | 41.2% | ||
| Q3 24 | 44.7% | 42.1% | ||
| Q2 24 | 44.4% | 40.2% |
营业利润率ALLEUI
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | 35.9% | ||
| Q3 25 | 21.8% | 35.7% | ||
| Q2 25 | 21.5% | 34.4% | ||
| Q1 25 | 20.9% | 34.2% | ||
| Q4 24 | 19.5% | 29.8% | ||
| Q3 24 | 22.2% | 30.7% | ||
| Q2 24 | 21.6% | 27.3% |
净利率ALLEUI
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | 28.7% | ||
| Q3 25 | 17.6% | 28.3% | ||
| Q2 25 | 15.6% | 35.1% | ||
| Q1 25 | 15.7% | 27.2% | ||
| Q4 24 | 15.2% | 22.8% | ||
| Q3 24 | 18.0% | 23.3% | ||
| Q2 24 | 16.1% | 20.5% |
每股收益（稀释后）ALLEUI
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | $3.86 | ||
| Q3 25 | $2.18 | $3.43 | ||
| Q2 25 | $1.85 | $4.40 | ||
| Q1 25 | $1.71 | $2.98 | ||
| Q4 24 | $1.65 | $2.26 | ||
| Q3 24 | $1.99 | $2.12 | ||
| Q2 24 | $1.77 | $1.72 |
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 | $308.9M | $302.8M |
| 总债务越低越好 | $2.0B | $47.5M |
| 股东权益账面价值 | $2.1B | $1.0B |
| 总资产 | $5.3B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.97× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ALLEUI
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | $302.8M | ||
| Q3 25 | $302.7M | $177.2M | ||
| Q2 25 | $656.8M | $149.7M | ||
| Q1 25 | $494.5M | $151.0M | ||
| Q4 24 | $503.8M | $133.1M | ||
| Q3 24 | $878.9M | $165.2M | ||
| Q2 24 | $747.5M | $126.3M |
总债务ALLEUI
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $47.5M | ||
| Q3 25 | $2.1B | $133.8M | ||
| Q2 25 | $2.1B | $250.0M | ||
| Q1 25 | $2.0B | $340.0M | ||
| Q4 24 | $2.0B | $406.3M | ||
| Q3 24 | $2.4B | $552.5M | ||
| Q2 24 | $2.4B | $708.1M |
股东权益ALLEUI
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $1.9B | $828.4M | ||
| Q2 25 | $1.8B | $668.3M | ||
| Q1 25 | $1.6B | $436.1M | ||
| Q4 24 | $1.5B | $290.4M | ||
| Q3 24 | $1.6B | $188.1M | ||
| Q2 24 | $1.4B | $95.1M |
总资产ALLEUI
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $1.6B | ||
| Q3 25 | $5.2B | $1.5B | ||
| Q2 25 | $4.9B | $1.5B | ||
| Q1 25 | $4.6B | $1.3B | ||
| Q4 24 | $4.5B | $1.2B | ||
| Q3 24 | $5.0B | $1.2B | ||
| Q2 24 | $4.8B | $1.2B |
负债/权益比ALLEUI
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | 0.05× | ||
| Q3 25 | 1.07× | 0.16× | ||
| Q2 25 | 1.16× | 0.37× | ||
| Q1 25 | 1.24× | 0.78× | ||
| Q4 24 | 1.33× | 1.40× | ||
| Q3 24 | 1.53× | 2.94× | ||
| Q2 24 | 1.69× | 7.45× |
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 | $101.3M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | — | $260.3M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | 2.0% | 0.4% |
| 现金转化率经营现金流/净利润 | 0.73× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流ALLEUI
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $263.9M | ||
| Q3 25 | $229.5M | $198.5M | ||
| Q2 25 | $209.7M | $130.4M | ||
| Q1 25 | $104.5M | $123.6M | ||
| Q4 24 | $219.0M | $152.4M | ||
| Q3 24 | $231.9M | $233.7M | ||
| Q2 24 | $173.0M | $231.4M |
自由现金流ALLEUI
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $260.3M | ||
| Q3 25 | $209.8M | $193.3M | ||
| Q2 25 | $192.0M | $125.2M | ||
| Q1 25 | $83.4M | $120.7M | ||
| Q4 24 | $194.9M | $150.4M | ||
| Q3 24 | $212.0M | $231.1M | ||
| Q2 24 | $152.1M | $229.5M |
自由现金流率ALLEUI
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | 31.9% | ||
| Q3 25 | 19.6% | 26.3% | ||
| Q2 25 | 18.8% | 16.5% | ||
| Q1 25 | 8.9% | 18.2% | ||
| Q4 24 | 20.6% | 25.1% | ||
| Q3 24 | 21.9% | 42.0% | ||
| Q2 24 | 15.8% | 45.2% |
资本支出强度ALLEUI
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 0.4% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 1.7% | 0.7% | ||
| Q1 25 | 2.2% | 0.4% | ||
| Q4 24 | 2.5% | 0.3% | ||
| Q3 24 | 2.1% | 0.5% | ||
| Q2 24 | 2.2% | 0.4% |
现金转化率ALLEUI
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | 1.13× | ||
| Q3 25 | 1.22× | 0.95× | ||
| Q2 25 | 1.31× | 0.49× | ||
| Q1 25 | 0.71× | 0.68× | ||
| Q4 24 | 1.52× | 1.11× | ||
| Q3 24 | 1.33× | 1.83× | ||
| Q2 24 | 1.11× | 2.23× |
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
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
