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普立万（AVNT）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.的季度营收约是普立万的1.1倍（$814.9M vs $760.6M），Ubiquiti Inc.净利率更高（28.7% vs 2.2%，领先26.4%），Ubiquiti Inc.同比增速更快（35.8% vs 1.9%），Ubiquiti Inc.自由现金流更多（$260.3M vs $125.4M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -4.2%）
普立万公司是一家全球性材料解决方案供应商，总部位于美国俄亥俄州埃文湖，全球员工约9000人。主营产品涵盖色母粒、先进复合材料、功能添加剂以及工程材料，为多行业客户提供定制化的材料相关技术支持与解决方案。
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。
AVNT vs UI — 直观对比
营收规模更大
UI
是对方的1.1倍
$760.6M
营收增速更快
UI
高出33.9%
1.9%
净利率更高
UI
高出26.4%
2.2%
自由现金流更多
UI
多$134.9M
$125.4M
两年增速更快
UI
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $760.6M | $814.9M |
| 净利润 | $16.9M | $233.6M |
| 毛利率 | 30.2% | 45.9% |
| 营业利润率 | 5.2% | 35.9% |
| 净利率 | 2.2% | 28.7% |
| 营收同比 | 1.9% | 35.8% |
| 净利润同比 | -65.0% | 70.8% |
| 每股收益（稀释后） | $0.18 | $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AVNTUI
| Q4 25 | $760.6M | $814.9M | ||
| Q3 25 | $806.5M | $733.8M | ||
| Q2 25 | $866.5M | $759.2M | ||
| Q1 25 | $826.6M | $664.2M | ||
| Q4 24 | $746.5M | $599.9M | ||
| Q3 24 | $815.2M | $550.3M | ||
| Q2 24 | $849.7M | $507.5M | ||
| Q1 24 | $829.0M | $493.0M |
净利润AVNTUI
| Q4 25 | $16.9M | $233.6M | ||
| Q3 25 | $32.6M | $207.9M | ||
| Q2 25 | $52.6M | $266.7M | ||
| Q1 25 | $-20.2M | $180.4M | ||
| Q4 24 | $48.3M | $136.8M | ||
| Q3 24 | $38.2M | $128.0M | ||
| Q2 24 | $33.6M | $103.8M | ||
| Q1 24 | $49.4M | $76.3M |
毛利率AVNTUI
| Q4 25 | 30.2% | 45.9% | ||
| Q3 25 | 30.4% | 46.0% | ||
| Q2 25 | 32.1% | 45.1% | ||
| Q1 25 | 31.8% | 44.5% | ||
| Q4 24 | 34.8% | 41.2% | ||
| Q3 24 | 32.1% | 42.1% | ||
| Q2 24 | 30.3% | 40.2% | ||
| Q1 24 | 33.6% | 35.3% |
营业利润率AVNTUI
| Q4 25 | 5.2% | 35.9% | ||
| Q3 25 | 8.3% | 35.7% | ||
| Q2 25 | 11.1% | 34.4% | ||
| Q1 25 | 0.1% | 34.2% | ||
| Q4 24 | 11.5% | 29.8% | ||
| Q3 24 | 9.5% | 30.7% | ||
| Q2 24 | 8.5% | 27.3% | ||
| Q1 24 | 11.3% | 22.6% |
净利率AVNTUI
| Q4 25 | 2.2% | 28.7% | ||
| Q3 25 | 4.0% | 28.3% | ||
| Q2 25 | 6.1% | 35.1% | ||
| Q1 25 | -2.4% | 27.2% | ||
| Q4 24 | 6.5% | 22.8% | ||
| Q3 24 | 4.7% | 23.3% | ||
| Q2 24 | 4.0% | 20.5% | ||
| Q1 24 | 6.0% | 15.5% |
每股收益（稀释后）AVNTUI
| Q4 25 | $0.18 | $3.86 | ||
| Q3 25 | $0.36 | $3.43 | ||
| Q2 25 | $0.57 | $4.40 | ||
| Q1 25 | $-0.22 | $2.98 | ||
| Q4 24 | $0.53 | $2.26 | ||
| Q3 24 | $0.41 | $2.12 | ||
| Q2 24 | $0.36 | $1.72 | ||
| Q1 24 | $0.54 | $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 | $1.9B | $47.5M |
| 股东权益账面价值 | $2.4B | $1.0B |
| 总资产 | $6.0B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.81× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AVNTUI
| Q4 25 | — | $302.8M | ||
| Q3 25 | — | $177.2M | ||
| Q2 25 | — | $149.7M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $133.1M | ||
| Q3 24 | — | $165.2M | ||
| Q2 24 | — | $126.3M | ||
| Q1 24 | — | $102.5M |
总债务AVNTUI
| Q4 25 | $1.9B | $47.5M | ||
| Q3 25 | $2.0B | $133.8M | ||
| Q2 25 | $2.0B | $250.0M | ||
| Q1 25 | $2.1B | $340.0M | ||
| Q4 24 | $2.1B | $406.3M | ||
| Q3 24 | $2.1B | $552.5M | ||
| Q2 24 | $2.1B | $708.1M | ||
| Q1 24 | $2.1B | $877.5M |
股东权益AVNTUI
| Q4 25 | $2.4B | $1.0B | ||
| Q3 25 | $2.4B | $828.4M | ||
| Q2 25 | $2.4B | $668.3M | ||
| Q1 25 | $2.3B | $436.1M | ||
| Q4 24 | $2.3B | $290.4M | ||
| Q3 24 | $2.4B | $188.1M | ||
| Q2 24 | $2.3B | $95.1M | ||
| Q1 24 | $2.3B | $25.9M |
总资产AVNTUI
| Q4 25 | $6.0B | $1.6B | ||
| Q3 25 | $6.1B | $1.5B | ||
| Q2 25 | $6.1B | $1.5B | ||
| Q1 25 | $5.8B | $1.3B | ||
| Q4 24 | $5.8B | $1.2B | ||
| Q3 24 | $6.0B | $1.2B | ||
| Q2 24 | $5.9B | $1.2B | ||
| Q1 24 | $5.9B | $1.2B |
负债/权益比AVNTUI
| Q4 25 | 0.81× | 0.05× | ||
| Q3 25 | 0.83× | 0.16× | ||
| Q2 25 | 0.86× | 0.37× | ||
| Q1 25 | 0.90× | 0.78× | ||
| Q4 24 | 0.89× | 1.40× | ||
| Q3 24 | 0.88× | 2.94× | ||
| Q2 24 | 0.90× | 7.45× | ||
| Q1 24 | 0.90× | 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 | $167.8M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $125.4M | $260.3M |
| 自由现金流率自由现金流/营收 | 16.5% | 31.9% |
| 资本支出强度资本支出/营收 | 5.6% | 0.4% |
| 现金转化率经营现金流/净利润 | 9.93× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $195.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流AVNTUI
| Q4 25 | $167.8M | $263.9M | ||
| Q3 25 | $72.1M | $198.5M | ||
| Q2 25 | $112.8M | $130.4M | ||
| Q1 25 | $-51.1M | $123.6M | ||
| Q4 24 | $122.6M | $152.4M | ||
| Q3 24 | $71.1M | $233.7M | ||
| Q2 24 | $105.9M | $231.4M | ||
| Q1 24 | $-42.8M | $163.9M |
自由现金流AVNTUI
| Q4 25 | $125.4M | $260.3M | ||
| Q3 25 | $47.4M | $193.3M | ||
| Q2 25 | $85.8M | $125.2M | ||
| Q1 25 | $-63.6M | $120.7M | ||
| Q4 24 | $81.5M | $150.4M | ||
| Q3 24 | $46.1M | $231.1M | ||
| Q2 24 | $74.5M | $229.5M | ||
| Q1 24 | $-67.2M | $160.6M |
自由现金流率AVNTUI
| Q4 25 | 16.5% | 31.9% | ||
| Q3 25 | 5.9% | 26.3% | ||
| Q2 25 | 9.9% | 16.5% | ||
| Q1 25 | -7.7% | 18.2% | ||
| Q4 24 | 10.9% | 25.1% | ||
| Q3 24 | 5.7% | 42.0% | ||
| Q2 24 | 8.8% | 45.2% | ||
| Q1 24 | -8.1% | 32.6% |
资本支出强度AVNTUI
| Q4 25 | 5.6% | 0.4% | ||
| Q3 25 | 3.1% | 0.7% | ||
| Q2 25 | 3.1% | 0.7% | ||
| Q1 25 | 1.5% | 0.4% | ||
| Q4 24 | 5.5% | 0.3% | ||
| Q3 24 | 3.1% | 0.5% | ||
| Q2 24 | 3.7% | 0.4% | ||
| Q1 24 | 2.9% | 0.7% |
现金转化率AVNTUI
| Q4 25 | 9.93× | 1.13× | ||
| Q3 25 | 2.21× | 0.95× | ||
| Q2 25 | 2.14× | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 2.54× | 1.11× | ||
| Q3 24 | 1.86× | 1.83× | ||
| Q2 24 | 3.15× | 2.23× | ||
| Q1 24 | -0.87× | 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
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
