vs
AVIAT NETWORKS, INC.（AVNW）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AVIAT NETWORKS, INC.的7.3倍（$814.9M vs $111.5M）。Ubiquiti Inc.净利率更高（28.7% vs 5.1%，领先23.5%）。Ubiquiti Inc.同比增速更快（35.8% vs -5.7%）。Ubiquiti Inc.自由现金流更多（$260.3M vs $22.5M）。过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 0.3%）
Aviat Networks是全球领先的微波传输与回传解决方案供应商，为公共及私营通信运营商提供通信基础设施支撑，同时也面向企业客户提供相关产品与服务，助力客户构建稳定高效的通信网络。
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。
AVNW vs UI — 直观对比
营收规模更大
UI
是对方的7.3倍
$111.5M
营收增速更快
UI
高出41.5%
-5.7%
净利率更高
UI
高出23.5%
5.1%
自由现金流更多
UI
多$237.8M
$22.5M
两年增速更快
UI
近两年复合增速
0.3%
损益表 — Q2 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $814.9M |
| 净利润 | $5.7M | $233.6M |
| 毛利率 | 32.4% | 45.9% |
| 营业利润率 | 6.5% | 35.9% |
| 净利率 | 5.1% | 28.7% |
| 营收同比 | -5.7% | 35.8% |
| 净利润同比 | 27.2% | 70.8% |
| 每股收益（稀释后） | $0.44 | $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AVNWUI
| Q4 25 | $111.5M | $814.9M | ||
| Q3 25 | $107.3M | $733.8M | ||
| Q2 25 | $115.3M | $759.2M | ||
| Q1 25 | $112.6M | $664.2M | ||
| Q4 24 | $118.2M | $599.9M | ||
| Q3 24 | $88.4M | $550.3M | ||
| Q2 24 | $116.7M | $507.5M | ||
| Q1 24 | $110.8M | $493.0M |
净利润AVNWUI
| Q4 25 | $5.7M | $233.6M | ||
| Q3 25 | $162.0K | $207.9M | ||
| Q2 25 | $5.2M | $266.7M | ||
| Q1 25 | $3.5M | $180.4M | ||
| Q4 24 | $4.5M | $136.8M | ||
| Q3 24 | $-11.9M | $128.0M | ||
| Q2 24 | $1.5M | $103.8M | ||
| Q1 24 | $3.9M | $76.3M |
毛利率AVNWUI
| Q4 25 | 32.4% | 45.9% | ||
| Q3 25 | 33.2% | 46.0% | ||
| Q2 25 | 34.2% | 45.1% | ||
| Q1 25 | 34.9% | 44.5% | ||
| Q4 24 | 34.6% | 41.2% | ||
| Q3 24 | 22.4% | 42.1% | ||
| Q2 24 | 35.3% | 40.2% | ||
| Q1 24 | 32.5% | 35.3% |
营业利润率AVNWUI
| Q4 25 | 6.5% | 35.9% | ||
| Q3 25 | 4.8% | 35.7% | ||
| Q2 25 | 7.7% | 34.4% | ||
| Q1 25 | 8.3% | 34.2% | ||
| Q4 24 | 6.7% | 29.8% | ||
| Q3 24 | -17.6% | 30.7% | ||
| Q2 24 | 4.7% | 27.3% | ||
| Q1 24 | 5.1% | 22.6% |
净利率AVNWUI
| Q4 25 | 5.1% | 28.7% | ||
| Q3 25 | 0.2% | 28.3% | ||
| Q2 25 | 4.5% | 35.1% | ||
| Q1 25 | 3.1% | 27.2% | ||
| Q4 24 | 3.8% | 22.8% | ||
| Q3 24 | -13.4% | 23.3% | ||
| Q2 24 | 1.3% | 20.5% | ||
| Q1 24 | 3.5% | 15.5% |
每股收益（稀释后）AVNWUI
| Q4 25 | $0.44 | $3.86 | ||
| Q3 25 | $0.01 | $3.43 | ||
| Q2 25 | $0.42 | $4.40 | ||
| Q1 25 | $0.27 | $2.98 | ||
| Q4 24 | $0.35 | $2.26 | ||
| Q3 24 | $-0.94 | $2.12 | ||
| Q2 24 | $0.11 | $1.72 | ||
| Q1 24 | $0.30 | $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 | $86.5M | $302.8M |
| 总债务越低越好 | $105.4M | $47.5M |
| 股东权益账面价值 | $271.6M | $1.0B |
| 总资产 | $659.4M | $1.6B |
| 负债/权益比越低杠杆越低 | 0.39× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AVNWUI
| Q4 25 | $86.5M | $302.8M | ||
| Q3 25 | $64.8M | $177.2M | ||
| Q2 25 | $59.7M | $149.7M | ||
| Q1 25 | $49.4M | $151.0M | ||
| Q4 24 | $52.6M | $133.1M | ||
| Q3 24 | $51.0M | $165.2M | ||
| Q2 24 | $64.6M | $126.3M | ||
| Q1 24 | $59.2M | $102.5M |
总债务AVNWUI
| Q4 25 | $105.4M | $47.5M | ||
| Q3 25 | $106.5M | $133.8M | ||
| Q2 25 | $87.6M | $250.0M | ||
| Q1 25 | $73.9M | $340.0M | ||
| Q4 24 | $74.9M | $406.3M | ||
| Q3 24 | $83.4M | $552.5M | ||
| Q2 24 | $48.4M | $708.1M | ||
| Q1 24 | $48.9M | $877.5M |
股东权益AVNWUI
| Q4 25 | $271.6M | $1.0B | ||
| Q3 25 | $263.6M | $828.4M | ||
| Q2 25 | $263.2M | $668.3M | ||
| Q1 25 | $256.1M | $436.1M | ||
| Q4 24 | $249.6M | $290.4M | ||
| Q3 24 | $247.1M | $188.1M | ||
| Q2 24 | $255.9M | $95.1M | ||
| Q1 24 | $256.0M | $25.9M |
总资产AVNWUI
| Q4 25 | $659.4M | $1.6B | ||
| Q3 25 | $643.3M | $1.5B | ||
| Q2 25 | $633.3M | $1.5B | ||
| Q1 25 | $628.3M | $1.3B | ||
| Q4 24 | $594.1M | $1.2B | ||
| Q3 24 | $590.9M | $1.2B | ||
| Q2 24 | $535.2M | $1.2B | ||
| Q1 24 | $490.3M | $1.2B |
负债/权益比AVNWUI
| Q4 25 | 0.39× | 0.05× | ||
| Q3 25 | 0.40× | 0.16× | ||
| Q2 25 | 0.33× | 0.37× | ||
| Q1 25 | 0.29× | 0.78× | ||
| Q4 24 | 0.30× | 1.40× | ||
| Q3 24 | 0.34× | 2.94× | ||
| Q2 24 | 0.19× | 7.45× | ||
| Q1 24 | 0.19× | 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 | $23.9M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $22.5M | $260.3M |
| 自由现金流率自由现金流/营收 | 20.2% | 31.9% |
| 资本支出强度资本支出/营收 | 1.3% | 0.4% |
| 现金转化率经营现金流/净利润 | 4.18× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $16.1M | $699.5M |
8季度趋势，按日历期对齐
经营现金流AVNWUI
| Q4 25 | $23.9M | $263.9M | ||
| Q3 25 | $-11.7M | $198.5M | ||
| Q2 25 | $10.5M | $130.4M | ||
| Q1 25 | $1.6M | $123.6M | ||
| Q4 24 | $20.8M | $152.4M | ||
| Q3 24 | $-27.2M | $233.7M | ||
| Q2 24 | $8.3M | $231.4M | ||
| Q1 24 | $15.3M | $163.9M |
自由现金流AVNWUI
| Q4 25 | $22.5M | $260.3M | ||
| Q3 25 | $-13.5M | $193.3M | ||
| Q2 25 | $8.2M | $125.2M | ||
| Q1 25 | $-1.2M | $120.7M | ||
| Q4 24 | $18.3M | $150.4M | ||
| Q3 24 | $-32.6M | $231.1M | ||
| Q2 24 | $7.5M | $229.5M | ||
| Q1 24 | $14.8M | $160.6M |
自由现金流率AVNWUI
| Q4 25 | 20.2% | 31.9% | ||
| Q3 25 | -12.6% | 26.3% | ||
| Q2 25 | 7.1% | 16.5% | ||
| Q1 25 | -1.0% | 18.2% | ||
| Q4 24 | 15.5% | 25.1% | ||
| Q3 24 | -36.8% | 42.0% | ||
| Q2 24 | 6.4% | 45.2% | ||
| Q1 24 | 13.4% | 32.6% |
资本支出强度AVNWUI
| Q4 25 | 1.3% | 0.4% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 2.0% | 0.7% | ||
| Q1 25 | 2.5% | 0.4% | ||
| Q4 24 | 2.1% | 0.3% | ||
| Q3 24 | 6.1% | 0.5% | ||
| Q2 24 | 0.7% | 0.4% | ||
| Q1 24 | 0.4% | 0.7% |
现金转化率AVNWUI
| Q4 25 | 4.18× | 1.13× | ||
| Q3 25 | -72.48× | 0.95× | ||
| Q2 25 | 2.02× | 0.49× | ||
| Q1 25 | 0.46× | 0.68× | ||
| Q4 24 | 4.62× | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | 5.37× | 2.23× | ||
| Q1 24 | 3.96× | 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
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
