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AMC Networks Inc.（AMCX）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AMC Networks Inc.的1.4倍（$814.9M vs $594.8M），Ubiquiti Inc.净利率更高（28.7% vs -9.3%，领先38.0%），Ubiquiti Inc.同比增速更快（35.8% vs -0.8%），Ubiquiti Inc.自由现金流更多（$260.3M vs $40.4M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -0.1%）
AMC网络公司是总部位于纽约市的美国独立大众传媒娱乐集团，旗下拥有AMC、BBC美国台、IFC、圣丹斯电视、We TV等多个有线频道，还经营纽约IFC中心艺术影院、独立电影公司、动漫版权发行商，以及AMC+、Acorn TV等多个付费订阅流媒体服务。
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。
AMCX vs UI — 直观对比
营收规模更大
UI
是对方的1.4倍
$594.8M
营收增速更快
UI
高出36.6%
-0.8%
净利率更高
UI
高出38.0%
-9.3%
自由现金流更多
UI
多$219.8M
$40.4M
两年增速更快
UI
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $814.9M |
| 净利润 | $-55.5M | $233.6M |
| 毛利率 | 49.7% | 45.9% |
| 营业利润率 | -8.6% | 35.9% |
| 净利率 | -9.3% | 28.7% |
| 营收同比 | -0.8% | 35.8% |
| 净利润同比 | 80.5% | 70.8% |
| 每股收益（稀释后） | $-0.97 | $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AMCXUI
| Q4 25 | $594.8M | $814.9M | ||
| Q3 25 | $561.7M | $733.8M | ||
| Q2 25 | $600.0M | $759.2M | ||
| Q1 25 | $555.2M | $664.2M | ||
| Q4 24 | $599.3M | $599.9M | ||
| Q3 24 | $599.6M | $550.3M | ||
| Q2 24 | $625.9M | $507.5M | ||
| Q1 24 | $596.5M | $493.0M |
净利润AMCXUI
| Q4 25 | $-55.5M | $233.6M | ||
| Q3 25 | $76.5M | $207.9M | ||
| Q2 25 | $50.3M | $266.7M | ||
| Q1 25 | $18.0M | $180.4M | ||
| Q4 24 | $-284.5M | $136.8M | ||
| Q3 24 | $41.4M | $128.0M | ||
| Q2 24 | $-29.2M | $103.8M | ||
| Q1 24 | $45.8M | $76.3M |
毛利率AMCXUI
| Q4 25 | 49.7% | 45.9% | ||
| Q3 25 | 48.2% | 46.0% | ||
| Q2 25 | 52.7% | 45.1% | ||
| Q1 25 | 51.8% | 44.5% | ||
| Q4 24 | 51.2% | 41.2% | ||
| Q3 24 | 52.0% | 42.1% | ||
| Q2 24 | 55.2% | 40.2% | ||
| Q1 24 | 54.5% | 35.3% |
营业利润率AMCXUI
| Q4 25 | -8.6% | 35.9% | ||
| Q3 25 | 9.9% | 35.7% | ||
| Q2 25 | 10.7% | 34.4% | ||
| Q1 25 | 11.6% | 34.2% | ||
| Q4 24 | -42.4% | 29.8% | ||
| Q3 24 | 15.6% | 30.7% | ||
| Q2 24 | 1.7% | 27.3% | ||
| Q1 24 | 18.5% | 22.6% |
净利率AMCXUI
| Q4 25 | -9.3% | 28.7% | ||
| Q3 25 | 13.6% | 28.3% | ||
| Q2 25 | 8.4% | 35.1% | ||
| Q1 25 | 3.3% | 27.2% | ||
| Q4 24 | -47.5% | 22.8% | ||
| Q3 24 | 6.9% | 23.3% | ||
| Q2 24 | -4.7% | 20.5% | ||
| Q1 24 | 7.7% | 15.5% |
每股收益（稀释后）AMCXUI
| Q4 25 | $-0.97 | $3.86 | ||
| Q3 25 | $1.38 | $3.43 | ||
| Q2 25 | $0.91 | $4.40 | ||
| Q1 25 | $0.34 | $2.98 | ||
| Q4 24 | $-6.23 | $2.26 | ||
| Q3 24 | $0.76 | $2.12 | ||
| Q2 24 | $-0.66 | $1.72 | ||
| Q1 24 | $1.03 | $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 | $502.4M | $302.8M |
| 总债务越低越好 | $1.8B | $47.5M |
| 股东权益账面价值 | $981.9M | $1.0B |
| 总资产 | $3.9B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AMCXUI
| Q4 25 | $502.4M | $302.8M | ||
| Q3 25 | $716.8M | $177.2M | ||
| Q2 25 | $866.4M | $149.7M | ||
| Q1 25 | $870.2M | $151.0M | ||
| Q4 24 | $784.6M | $133.1M | ||
| Q3 24 | $816.4M | $165.2M | ||
| Q2 24 | $802.6M | $126.3M | ||
| Q1 24 | $690.5M | $102.5M |
总债务AMCXUI
| Q4 25 | $1.8B | $47.5M | ||
| Q3 25 | $1.9B | $133.8M | ||
| Q2 25 | $2.2B | $250.0M | ||
| Q1 25 | $2.3B | $340.0M | ||
| Q4 24 | $2.3B | $406.3M | ||
| Q3 24 | $2.3B | $552.5M | ||
| Q2 24 | $2.4B | $708.1M | ||
| Q1 24 | $2.3B | $877.5M |
股东权益AMCXUI
| Q4 25 | $981.9M | $1.0B | ||
| Q3 25 | $1.1B | $828.4M | ||
| Q2 25 | $971.7M | $668.3M | ||
| Q1 25 | $888.8M | $436.1M | ||
| Q4 24 | $855.6M | $290.4M | ||
| Q3 24 | $1.1B | $188.1M | ||
| Q2 24 | $1.1B | $95.1M | ||
| Q1 24 | $1.1B | $25.9M |
总资产AMCXUI
| Q4 25 | $3.9B | $1.6B | ||
| Q3 25 | $4.2B | $1.5B | ||
| Q2 25 | $4.4B | $1.5B | ||
| Q1 25 | $4.3B | $1.3B | ||
| Q4 24 | $4.4B | $1.2B | ||
| Q3 24 | $4.8B | $1.2B | ||
| Q2 24 | $4.9B | $1.2B | ||
| Q1 24 | $4.9B | $1.2B |
负债/权益比AMCXUI
| Q4 25 | 1.78× | 0.05× | ||
| Q3 25 | 1.82× | 0.16× | ||
| Q2 25 | 2.27× | 0.37× | ||
| Q1 25 | 2.62× | 0.78× | ||
| Q4 24 | 2.73× | 1.40× | ||
| Q3 24 | 2.10× | 2.94× | ||
| Q2 24 | 2.26× | 7.45× | ||
| Q1 24 | 2.17× | 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 | $49.2M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $260.3M |
| 自由现金流率自由现金流/营收 | 6.8% | 31.9% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $272.4M | $699.5M |
8季度趋势，按日历期对齐
经营现金流AMCXUI
| Q4 25 | $49.2M | $263.9M | ||
| Q3 25 | $44.8M | $198.5M | ||
| Q2 25 | $102.8M | $130.4M | ||
| Q1 25 | $108.8M | $123.6M | ||
| Q4 24 | $58.1M | $152.4M | ||
| Q3 24 | $62.2M | $233.7M | ||
| Q2 24 | $104.4M | $231.4M | ||
| Q1 24 | $150.9M | $163.9M |
自由现金流AMCXUI
| Q4 25 | $40.4M | $260.3M | ||
| Q3 25 | $42.0M | $193.3M | ||
| Q2 25 | $95.7M | $125.2M | ||
| Q1 25 | $94.2M | $120.7M | ||
| Q4 24 | $37.6M | $150.4M | ||
| Q3 24 | $53.9M | $231.1M | ||
| Q2 24 | $95.2M | $229.5M | ||
| Q1 24 | $144.1M | $160.6M |
自由现金流率AMCXUI
| Q4 25 | 6.8% | 31.9% | ||
| Q3 25 | 7.5% | 26.3% | ||
| Q2 25 | 16.0% | 16.5% | ||
| Q1 25 | 17.0% | 18.2% | ||
| Q4 24 | 6.3% | 25.1% | ||
| Q3 24 | 9.0% | 42.0% | ||
| Q2 24 | 15.2% | 45.2% | ||
| Q1 24 | 24.2% | 32.6% |
资本支出强度AMCXUI
| Q4 25 | 1.5% | 0.4% | ||
| Q3 25 | 0.5% | 0.7% | ||
| Q2 25 | 1.2% | 0.7% | ||
| Q1 25 | 2.6% | 0.4% | ||
| Q4 24 | 3.4% | 0.3% | ||
| Q3 24 | 1.4% | 0.5% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | 1.1% | 0.7% |
现金转化率AMCXUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | 0.59× | 0.95× | ||
| Q2 25 | 2.04× | 0.49× | ||
| Q1 25 | 6.03× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 1.50× | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | 3.29× | 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
AMCX
| Subscription And Circulation | $314.8M | 53% |
| Advertising | $124.9M | 21% |
| Other | $79.1M | 13% |
| License | $74.8M | 13% |
| Related Party | $1.2M | 0% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
