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BILL Holdings, Inc.（BILL）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BILL Holdings, Inc.的2.0倍（$814.9M vs $414.7M），Ubiquiti Inc.净利率更高（28.7% vs -0.6%，领先29.3%），Ubiquiti Inc.同比增速更快（35.8% vs 14.4%），Ubiquiti Inc.自由现金流更多（$260.3M vs $103.8M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 13.3%）
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
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。
BILL vs UI — 直观对比
营收规模更大
UI
是对方的2.0倍
$414.7M
营收增速更快
UI
高出21.5%
14.4%
净利率更高
UI
高出29.3%
-0.6%
自由现金流更多
UI
多$156.4M
$103.8M
两年增速更快
UI
近两年复合增速
13.3%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $814.9M |
| 净利润 | $-2.6M | $233.6M |
| 毛利率 | 79.8% | 45.9% |
| 营业利润率 | -4.4% | 35.9% |
| 净利率 | -0.6% | 28.7% |
| 营收同比 | 14.4% | 35.8% |
| 净利润同比 | -107.7% | 70.8% |
| 每股收益（稀释后） | $-0.03 | $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BILLUI
| Q4 25 | $414.7M | $814.9M | ||
| Q3 25 | $395.7M | $733.8M | ||
| Q2 25 | $383.3M | $759.2M | ||
| Q1 25 | $358.2M | $664.2M | ||
| Q4 24 | $362.6M | $599.9M | ||
| Q3 24 | $358.4M | $550.3M | ||
| Q2 24 | $343.7M | $507.5M | ||
| Q1 24 | $323.0M | $493.0M |
净利润BILLUI
| Q4 25 | $-2.6M | $233.6M | ||
| Q3 25 | $-3.0M | $207.9M | ||
| Q2 25 | $-7.1M | $266.7M | ||
| Q1 25 | $-11.6M | $180.4M | ||
| Q4 24 | $33.5M | $136.8M | ||
| Q3 24 | $8.9M | $128.0M | ||
| Q2 24 | $7.6M | $103.8M | ||
| Q1 24 | $31.8M | $76.3M |
毛利率BILLUI
| Q4 25 | 79.8% | 45.9% | ||
| Q3 25 | 80.5% | 46.0% | ||
| Q2 25 | 80.8% | 45.1% | ||
| Q1 25 | 81.2% | 44.5% | ||
| Q4 24 | 81.6% | 41.2% | ||
| Q3 24 | 82.0% | 42.1% | ||
| Q2 24 | 81.0% | 40.2% | ||
| Q1 24 | 83.0% | 35.3% |
营业利润率BILLUI
| Q4 25 | -4.4% | 35.9% | ||
| Q3 25 | -5.2% | 35.7% | ||
| Q2 25 | -5.8% | 34.4% | ||
| Q1 25 | -8.1% | 34.2% | ||
| Q4 24 | -6.0% | 29.8% | ||
| Q3 24 | -2.1% | 30.7% | ||
| Q2 24 | -6.5% | 27.3% | ||
| Q1 24 | -8.6% | 22.6% |
净利率BILLUI
| Q4 25 | -0.6% | 28.7% | ||
| Q3 25 | -0.7% | 28.3% | ||
| Q2 25 | -1.8% | 35.1% | ||
| Q1 25 | -3.2% | 27.2% | ||
| Q4 24 | 9.3% | 22.8% | ||
| Q3 24 | 2.5% | 23.3% | ||
| Q2 24 | 2.2% | 20.5% | ||
| Q1 24 | 9.8% | 15.5% |
每股收益（稀释后）BILLUI
| Q4 25 | $-0.03 | $3.86 | ||
| Q3 25 | $-0.03 | $3.43 | ||
| Q2 25 | $0.02 | $4.40 | ||
| Q1 25 | $-0.11 | $2.98 | ||
| Q4 24 | $-0.06 | $2.26 | ||
| Q3 24 | $0.08 | $2.12 | ||
| Q2 24 | $0.37 | $1.72 | ||
| Q1 24 | $0.00 | $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 | $1.1B | $302.8M |
| 总债务越低越好 | $1.8B | $47.5M |
| 股东权益账面价值 | $3.8B | $1.0B |
| 总资产 | $10.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资BILLUI
| Q4 25 | $1.1B | $302.8M | ||
| Q3 25 | $1.1B | $177.2M | ||
| Q2 25 | $1.0B | $149.7M | ||
| Q1 25 | $1.0B | $151.0M | ||
| Q4 24 | $1.6B | $133.1M | ||
| Q3 24 | $853.5M | $165.2M | ||
| Q2 24 | $985.9M | $126.3M | ||
| Q1 24 | $952.5M | $102.5M |
总债务BILLUI
| Q4 25 | $1.8B | $47.5M | ||
| Q3 25 | $1.9B | $133.8M | ||
| Q2 25 | $1.7B | $250.0M | ||
| Q1 25 | $1.7B | $340.0M | ||
| Q4 24 | $1.7B | $406.3M | ||
| Q3 24 | $914.8M | $552.5M | ||
| Q2 24 | $914.0M | $708.1M | ||
| Q1 24 | $1.1B | $877.5M |
股东权益BILLUI
| Q4 25 | $3.8B | $1.0B | ||
| Q3 25 | $3.9B | $828.4M | ||
| Q2 25 | $3.9B | $668.3M | ||
| Q1 25 | $3.9B | $436.1M | ||
| Q4 24 | $3.8B | $290.4M | ||
| Q3 24 | $4.0B | $188.1M | ||
| Q2 24 | $4.1B | $95.1M | ||
| Q1 24 | $4.1B | $25.9M |
总资产BILLUI
| Q4 25 | $10.1B | $1.6B | ||
| Q3 25 | $10.2B | $1.5B | ||
| Q2 25 | $10.1B | $1.5B | ||
| Q1 25 | $9.6B | $1.3B | ||
| Q4 24 | $9.7B | $1.2B | ||
| Q3 24 | $9.0B | $1.2B | ||
| Q2 24 | $9.2B | $1.2B | ||
| Q1 24 | $9.1B | $1.2B |
负债/权益比BILLUI
| Q4 25 | 0.48× | 0.05× | ||
| Q3 25 | 0.48× | 0.16× | ||
| Q2 25 | 0.44× | 0.37× | ||
| Q1 25 | 0.43× | 0.78× | ||
| Q4 24 | 0.44× | 1.40× | ||
| Q3 24 | 0.23× | 2.94× | ||
| Q2 24 | 0.22× | 7.45× | ||
| Q1 24 | 0.28× | 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 | $105.3M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $260.3M |
| 自由现金流率自由现金流/营收 | 25.0% | 31.9% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $378.8M | $699.5M |
8季度趋势，按日历期对齐
经营现金流BILLUI
| Q4 25 | $105.3M | $263.9M | ||
| Q3 25 | $96.9M | $198.5M | ||
| Q2 25 | $83.8M | $130.4M | ||
| Q1 25 | $99.5M | $123.6M | ||
| Q4 24 | $78.7M | $152.4M | ||
| Q3 24 | $88.6M | $233.7M | ||
| Q2 24 | $78.6M | $231.4M | ||
| Q1 24 | $66.8M | $163.9M |
自由现金流BILLUI
| Q4 25 | $103.8M | $260.3M | ||
| Q3 25 | $95.6M | $193.3M | ||
| Q2 25 | $81.0M | $125.2M | ||
| Q1 25 | $98.4M | $120.7M | ||
| Q4 24 | $78.3M | $150.4M | ||
| Q3 24 | $88.6M | $231.1M | ||
| Q2 24 | $78.4M | $229.5M | ||
| Q1 24 | $66.8M | $160.6M |
自由现金流率BILLUI
| Q4 25 | 25.0% | 31.9% | ||
| Q3 25 | 24.1% | 26.3% | ||
| Q2 25 | 21.1% | 16.5% | ||
| Q1 25 | 27.5% | 18.2% | ||
| Q4 24 | 21.6% | 25.1% | ||
| Q3 24 | 24.7% | 42.0% | ||
| Q2 24 | 22.8% | 45.2% | ||
| Q1 24 | 20.7% | 32.6% |
资本支出强度BILLUI
| Q4 25 | 0.4% | 0.4% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.7% | 0.7% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.0% | 0.5% | ||
| Q2 24 | 0.1% | 0.4% | ||
| Q1 24 | 0.0% | 0.7% |
现金转化率BILLUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 2.35× | 1.11× | ||
| Q3 24 | 9.94× | 1.83× | ||
| Q2 24 | 10.35× | 2.23× | ||
| Q1 24 | 2.10× | 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
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
