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AMN HEALTHCARE SERVICES INC（AMN）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AMN HEALTHCARE SERVICES INC的1.1倍（$814.9M vs $748.2M），Ubiquiti Inc.净利率更高（28.7% vs -1.0%，领先29.7%），Ubiquiti Inc.同比增速更快（35.8% vs 1.8%），Ubiquiti Inc.自由现金流更多（$260.3M vs $67.6M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -4.5%）
AMN医疗保健服务公司是美国领先的医疗人力资源解决方案提供商，主要为医院、诊所等各类医疗机构提供护士、医师、医技人员及其他临床、非临床岗位的临时与长期派遣服务，同时提供医护团队管理技术支持及相关咨询服务。
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。
AMN vs UI — 直观对比
营收规模更大
UI
是对方的1.1倍
$748.2M
营收增速更快
UI
高出34.0%
1.8%
净利率更高
UI
高出29.7%
-1.0%
自由现金流更多
UI
多$192.6M
$67.6M
两年增速更快
UI
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $748.2M | $814.9M |
| 净利润 | $-7.7M | $233.6M |
| 毛利率 | 26.1% | 45.9% |
| 营业利润率 | 1.1% | 35.9% |
| 净利率 | -1.0% | 28.7% |
| 营收同比 | 1.8% | 35.8% |
| 净利润同比 | 95.9% | 70.8% |
| 每股收益（稀释后） | $-0.19 | $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AMNUI
| Q4 25 | $748.2M | $814.9M | ||
| Q3 25 | $634.5M | $733.8M | ||
| Q2 25 | $658.2M | $759.2M | ||
| Q1 25 | $689.5M | $664.2M | ||
| Q4 24 | $734.7M | $599.9M | ||
| Q3 24 | $687.5M | $550.3M | ||
| Q2 24 | $740.7M | $507.5M | ||
| Q1 24 | $820.9M | $493.0M |
净利润AMNUI
| Q4 25 | $-7.7M | $233.6M | ||
| Q3 25 | $29.3M | $207.9M | ||
| Q2 25 | $-116.2M | $266.7M | ||
| Q1 25 | $-1.1M | $180.4M | ||
| Q4 24 | $-187.5M | $136.8M | ||
| Q3 24 | $7.0M | $128.0M | ||
| Q2 24 | $16.2M | $103.8M | ||
| Q1 24 | $17.3M | $76.3M |
毛利率AMNUI
| Q4 25 | 26.1% | 45.9% | ||
| Q3 25 | 29.1% | 46.0% | ||
| Q2 25 | 29.8% | 45.1% | ||
| Q1 25 | 28.7% | 44.5% | ||
| Q4 24 | 29.8% | 41.2% | ||
| Q3 24 | 31.0% | 42.1% | ||
| Q2 24 | 31.0% | 40.2% | ||
| Q1 24 | 31.4% | 35.3% |
营业利润率AMNUI
| Q4 25 | 1.1% | 35.9% | ||
| Q3 25 | 7.5% | 35.7% | ||
| Q2 25 | -18.8% | 34.4% | ||
| Q1 25 | 1.8% | 34.2% | ||
| Q4 24 | -27.6% | 29.8% | ||
| Q3 24 | 3.2% | 30.7% | ||
| Q2 24 | 5.1% | 27.3% | ||
| Q1 24 | 4.9% | 22.6% |
净利率AMNUI
| Q4 25 | -1.0% | 28.7% | ||
| Q3 25 | 4.6% | 28.3% | ||
| Q2 25 | -17.7% | 35.1% | ||
| Q1 25 | -0.2% | 27.2% | ||
| Q4 24 | -25.5% | 22.8% | ||
| Q3 24 | 1.0% | 23.3% | ||
| Q2 24 | 2.2% | 20.5% | ||
| Q1 24 | 2.1% | 15.5% |
每股收益（稀释后）AMNUI
| Q4 25 | $-0.19 | $3.86 | ||
| Q3 25 | $0.76 | $3.43 | ||
| Q2 25 | $-3.02 | $4.40 | ||
| Q1 25 | $-0.03 | $2.98 | ||
| Q4 24 | $-4.90 | $2.26 | ||
| Q3 24 | $0.18 | $2.12 | ||
| Q2 24 | $0.42 | $1.72 | ||
| Q1 24 | $0.45 | $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 | $34.0M | $302.8M |
| 总债务越低越好 | $767.1M | $47.5M |
| 股东权益账面价值 | $642.1M | $1.0B |
| 总资产 | $2.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AMNUI
| Q4 25 | $34.0M | $302.8M | ||
| Q3 25 | $52.6M | $177.2M | ||
| Q2 25 | $41.5M | $149.7M | ||
| Q1 25 | $55.8M | $151.0M | ||
| Q4 24 | $10.6M | $133.1M | ||
| Q3 24 | $30.6M | $165.2M | ||
| Q2 24 | $48.0M | $126.3M | ||
| Q1 24 | $50.6M | $102.5M |
总债务AMNUI
| Q4 25 | $767.1M | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | $1.1B | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益AMNUI
| Q4 25 | $642.1M | $1.0B | ||
| Q3 25 | $644.4M | $828.4M | ||
| Q2 25 | $607.6M | $668.3M | ||
| Q1 25 | $715.1M | $436.1M | ||
| Q4 24 | $706.6M | $290.4M | ||
| Q3 24 | $890.7M | $188.1M | ||
| Q2 24 | $876.9M | $95.1M | ||
| Q1 24 | $854.2M | $25.9M |
总资产AMNUI
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.8B | $1.2B | ||
| Q1 24 | $2.9B | $1.2B |
负债/权益比AMNUI
| Q4 25 | 1.19× | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 1.49× | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× | ||
| Q1 24 | — | 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 | $75.6M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $67.6M | $260.3M |
| 自由现金流率自由现金流/营收 | 9.0% | 31.9% |
| 资本支出强度资本支出/营收 | 1.1% | 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 | $233.8M | $699.5M |
8季度趋势，按日历期对齐
经营现金流AMNUI
| Q4 25 | $75.6M | $263.9M | ||
| Q3 25 | $22.7M | $198.5M | ||
| Q2 25 | $78.5M | $130.4M | ||
| Q1 25 | $92.7M | $123.6M | ||
| Q4 24 | $72.8M | $152.4M | ||
| Q3 24 | $66.7M | $233.7M | ||
| Q2 24 | $99.5M | $231.4M | ||
| Q1 24 | $81.4M | $163.9M |
自由现金流AMNUI
| Q4 25 | $67.6M | $260.3M | ||
| Q3 25 | $14.8M | $193.3M | ||
| Q2 25 | $68.7M | $125.2M | ||
| Q1 25 | $82.7M | $120.7M | ||
| Q4 24 | $56.6M | $150.4M | ||
| Q3 24 | $47.4M | $231.1M | ||
| Q2 24 | $72.2M | $229.5M | ||
| Q1 24 | $63.2M | $160.6M |
自由现金流率AMNUI
| Q4 25 | 9.0% | 31.9% | ||
| Q3 25 | 2.3% | 26.3% | ||
| Q2 25 | 10.4% | 16.5% | ||
| Q1 25 | 12.0% | 18.2% | ||
| Q4 24 | 7.7% | 25.1% | ||
| Q3 24 | 6.9% | 42.0% | ||
| Q2 24 | 9.8% | 45.2% | ||
| Q1 24 | 7.7% | 32.6% |
资本支出强度AMNUI
| Q4 25 | 1.1% | 0.4% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 1.5% | 0.7% | ||
| Q1 25 | 1.4% | 0.4% | ||
| Q4 24 | 2.2% | 0.3% | ||
| Q3 24 | 2.8% | 0.5% | ||
| Q2 24 | 3.7% | 0.4% | ||
| Q1 24 | 2.2% | 0.7% |
现金转化率AMNUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | 0.77× | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 9.54× | 1.83× | ||
| Q2 24 | 6.13× | 2.23× | ||
| Q1 24 | 4.70× | 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
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
