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百通（BDC）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.的季度营收约是百通的1.2倍（$814.9M vs $696.4M），Ubiquiti Inc.净利率更高（28.7% vs 7.3%，领先21.3%），Ubiquiti Inc.同比增速更快（35.8% vs 11.4%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-63.1M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 7.3%）
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
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。
BDC vs UI — 直观对比
营收规模更大
UI
是对方的1.2倍
$696.4M
营收增速更快
UI
高出24.4%
11.4%
净利率更高
UI
高出21.3%
7.3%
自由现金流更多
UI
多$323.3M
$-63.1M
两年增速更快
UI
近两年复合增速
7.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $696.4M | $814.9M |
| 净利润 | $51.0M | $233.6M |
| 毛利率 | 37.1% | 45.9% |
| 营业利润率 | 11.2% | 35.9% |
| 净利率 | 7.3% | 28.7% |
| 营收同比 | 11.4% | 35.8% |
| 净利润同比 | -1.8% | 70.8% |
| 每股收益（稀释后） | $1.30 | $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BDCUI
| Q1 26 | $696.4M | — | ||
| Q4 25 | $720.1M | $814.9M | ||
| Q3 25 | $698.2M | $733.8M | ||
| Q2 25 | $672.0M | $759.2M | ||
| Q1 25 | $624.9M | $664.2M | ||
| Q4 24 | $666.0M | $599.9M | ||
| Q3 24 | $654.9M | $550.3M | ||
| Q2 24 | $604.3M | $507.5M |
净利润BDCUI
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $233.6M | ||
| Q3 25 | $56.7M | $207.9M | ||
| Q2 25 | $61.0M | $266.7M | ||
| Q1 25 | $51.9M | $180.4M | ||
| Q4 24 | $58.4M | $136.8M | ||
| Q3 24 | $53.7M | $128.0M | ||
| Q2 24 | $49.0M | $103.8M |
毛利率BDCUI
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 45.9% | ||
| Q3 25 | 37.7% | 46.0% | ||
| Q2 25 | 38.5% | 45.1% | ||
| Q1 25 | 39.3% | 44.5% | ||
| Q4 24 | 37.5% | 41.2% | ||
| Q3 24 | 37.3% | 42.1% | ||
| Q2 24 | 37.5% | 40.2% |
营业利润率BDCUI
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 35.9% | ||
| Q3 25 | 10.9% | 35.7% | ||
| Q2 25 | 11.8% | 34.4% | ||
| Q1 25 | 11.6% | 34.2% | ||
| Q4 24 | 10.4% | 29.8% | ||
| Q3 24 | 11.5% | 30.7% | ||
| Q2 24 | 11.4% | 27.3% |
净利率BDCUI
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 28.7% | ||
| Q3 25 | 8.1% | 28.3% | ||
| Q2 25 | 9.1% | 35.1% | ||
| Q1 25 | 8.3% | 27.2% | ||
| Q4 24 | 8.8% | 22.8% | ||
| Q3 24 | 8.2% | 23.3% | ||
| Q2 24 | 8.1% | 20.5% |
每股收益（稀释后）BDCUI
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $3.86 | ||
| Q3 25 | $1.41 | $3.43 | ||
| Q2 25 | $1.53 | $4.40 | ||
| Q1 25 | $1.27 | $2.98 | ||
| Q4 24 | $1.41 | $2.26 | ||
| Q3 24 | $1.30 | $2.12 | ||
| Q2 24 | $1.19 | $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 | $272.2M | $302.8M |
| 总债务越低越好 | $1.3B | $47.5M |
| 股东权益账面价值 | $1.3B | $1.0B |
| 总资产 | — | $1.6B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资BDCUI
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $302.8M | ||
| Q3 25 | $314.3M | $177.2M | ||
| Q2 25 | $301.5M | $149.7M | ||
| Q1 25 | $259.0M | $151.0M | ||
| Q4 24 | $370.3M | $133.1M | ||
| Q3 24 | $323.0M | $165.2M | ||
| Q2 24 | $564.8M | $126.3M |
总债务BDCUI
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M |
股东权益BDCUI
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.2B | $828.4M | ||
| Q2 25 | $1.2B | $668.3M | ||
| Q1 25 | $1.2B | $436.1M | ||
| Q4 24 | $1.3B | $290.4M | ||
| Q3 24 | $1.2B | $188.1M | ||
| Q2 24 | $1.2B | $95.1M |
总资产BDCUI
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $1.6B | ||
| Q3 25 | $3.4B | $1.5B | ||
| Q2 25 | $3.4B | $1.5B | ||
| Q1 25 | $3.3B | $1.3B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.5B | $1.2B |
负债/权益比BDCUI
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 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 | — | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $-63.1M | $260.3M |
| 自由现金流率自由现金流/营收 | -9.1% | 31.9% |
| 资本支出强度资本支出/营收 | 6.4% | 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 | $180.4M | $699.5M |
8季度趋势，按日历期对齐
经营现金流BDCUI
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $263.9M | ||
| Q3 25 | $105.0M | $198.5M | ||
| Q2 25 | $82.0M | $130.4M | ||
| Q1 25 | $7.4M | $123.6M | ||
| Q4 24 | $174.7M | $152.4M | ||
| Q3 24 | $91.7M | $233.7M | ||
| Q2 24 | $83.0M | $231.4M |
自由现金流BDCUI
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $260.3M | ||
| Q3 25 | $65.3M | $193.3M | ||
| Q2 25 | $56.9M | $125.2M | ||
| Q1 25 | $-24.8M | $120.7M | ||
| Q4 24 | $116.4M | $150.4M | ||
| Q3 24 | $67.2M | $231.1M | ||
| Q2 24 | $61.0M | $229.5M |
自由现金流率BDCUI
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 31.9% | ||
| Q3 25 | 9.4% | 26.3% | ||
| Q2 25 | 8.5% | 16.5% | ||
| Q1 25 | -4.0% | 18.2% | ||
| Q4 24 | 17.5% | 25.1% | ||
| Q3 24 | 10.3% | 42.0% | ||
| Q2 24 | 10.1% | 45.2% |
资本支出强度BDCUI
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 0.4% | ||
| Q3 25 | 5.7% | 0.7% | ||
| Q2 25 | 3.7% | 0.7% | ||
| Q1 25 | 5.2% | 0.4% | ||
| Q4 24 | 8.8% | 0.3% | ||
| Q3 24 | 3.7% | 0.5% | ||
| Q2 24 | 3.6% | 0.4% |
现金转化率BDCUI
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 1.13× | ||
| Q3 25 | 1.85× | 0.95× | ||
| Q2 25 | 1.34× | 0.49× | ||
| Q1 25 | 0.14× | 0.68× | ||
| Q4 24 | 2.99× | 1.11× | ||
| Q3 24 | 1.71× | 1.83× | ||
| Q2 24 | 1.69× | 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
BDC
暂无分部数据
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
