vs
CrossAmerica Partners LP（CAPL）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
CrossAmerica Partners LP的季度营收约是Ubiquiti Inc.的1.1倍（$866.3M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 1.2%，领先27.5%），Ubiquiti Inc.同比增速更快（35.8% vs -8.3%），Ubiquiti Inc.自由现金流更多（$260.3M vs $22.4M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs UI — 直观对比
营收规模更大
CAPL
是对方的1.1倍
$814.9M
营收增速更快
UI
高出44.1%
-8.3%
净利率更高
UI
高出27.5%
1.2%
自由现金流更多
UI
多$237.9M
$22.4M
两年增速更快
UI
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $814.9M |
| 净利润 | $10.2M | $233.6M |
| 毛利率 | 12.4% | 45.9% |
| 营业利润率 | 3.0% | 35.9% |
| 净利率 | 1.2% | 28.7% |
| 营收同比 | -8.3% | 35.8% |
| 净利润同比 | -39.6% | 70.8% |
| 每股收益（稀释后） | $0.24 | $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CAPLUI
| Q4 25 | $866.3M | $814.9M | ||
| Q3 25 | $971.8M | $733.8M | ||
| Q2 25 | $961.9M | $759.2M | ||
| Q1 25 | $862.5M | $664.2M | ||
| Q4 24 | $944.2M | $599.9M | ||
| Q3 24 | $1.1B | $550.3M | ||
| Q2 24 | $1.1B | $507.5M | ||
| Q1 24 | $941.5M | $493.0M |
净利润CAPLUI
| Q4 25 | $10.2M | $233.6M | ||
| Q3 25 | $13.6M | $207.9M | ||
| Q2 25 | $25.2M | $266.7M | ||
| Q1 25 | $-7.1M | $180.4M | ||
| Q4 24 | $16.9M | $136.8M | ||
| Q3 24 | $10.7M | $128.0M | ||
| Q2 24 | $12.4M | $103.8M | ||
| Q1 24 | $-17.5M | $76.3M |
毛利率CAPLUI
| Q4 25 | 12.4% | 45.9% | ||
| Q3 25 | 10.8% | 46.0% | ||
| Q2 25 | 10.5% | 45.1% | ||
| Q1 25 | 10.4% | 44.5% | ||
| Q4 24 | 10.7% | 41.2% | ||
| Q3 24 | 10.3% | 42.1% | ||
| Q2 24 | 9.2% | 40.2% | ||
| Q1 24 | 8.6% | 35.3% |
营业利润率CAPLUI
| Q4 25 | 3.0% | 35.9% | ||
| Q3 25 | 2.9% | 35.7% | ||
| Q2 25 | 4.3% | 34.4% | ||
| Q1 25 | 0.2% | 34.2% | ||
| Q4 24 | 3.0% | 29.8% | ||
| Q3 24 | 2.5% | 30.7% | ||
| Q2 24 | 2.5% | 27.3% | ||
| Q1 24 | -1.4% | 22.6% |
净利率CAPLUI
| Q4 25 | 1.2% | 28.7% | ||
| Q3 25 | 1.4% | 28.3% | ||
| Q2 25 | 2.6% | 35.1% | ||
| Q1 25 | -0.8% | 27.2% | ||
| Q4 24 | 1.8% | 22.8% | ||
| Q3 24 | 1.0% | 23.3% | ||
| Q2 24 | 1.1% | 20.5% | ||
| Q1 24 | -1.9% | 15.5% |
每股收益（稀释后）CAPLUI
| Q4 25 | $0.24 | $3.86 | ||
| Q3 25 | $0.34 | $3.43 | ||
| Q2 25 | $0.64 | $4.40 | ||
| Q1 25 | $-0.20 | $2.98 | ||
| Q4 24 | $0.42 | $2.26 | ||
| Q3 24 | $0.27 | $2.12 | ||
| Q2 24 | $0.31 | $1.72 | ||
| Q1 24 | $-0.48 | $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 | $3.1M | $302.8M |
| 总债务越低越好 | $687.2M | $47.5M |
| 股东权益账面价值 | — | $1.0B |
| 总资产 | $964.7M | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CAPLUI
| Q4 25 | $3.1M | $302.8M | ||
| Q3 25 | $5.8M | $177.2M | ||
| Q2 25 | $9.7M | $149.7M | ||
| Q1 25 | $6.7M | $151.0M | ||
| Q4 24 | $3.4M | $133.1M | ||
| Q3 24 | $7.8M | $165.2M | ||
| Q2 24 | $5.5M | $126.3M | ||
| Q1 24 | $6.3M | $102.5M |
总债务CAPLUI
| Q4 25 | $687.2M | $47.5M | ||
| Q3 25 | $700.8M | $133.8M | ||
| Q2 25 | $722.7M | $250.0M | ||
| Q1 25 | $774.1M | $340.0M | ||
| Q4 24 | $763.9M | $406.3M | ||
| Q3 24 | $769.2M | $552.5M | ||
| Q2 24 | $786.7M | $708.1M | ||
| Q1 24 | $795.8M | $877.5M |
股东权益CAPLUI
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $828.4M | ||
| Q2 25 | — | $668.3M | ||
| Q1 25 | — | $436.1M | ||
| Q4 24 | — | $290.4M | ||
| Q3 24 | — | $188.1M | ||
| Q2 24 | — | $95.1M | ||
| Q1 24 | — | $25.9M |
总资产CAPLUI
| Q4 25 | $964.7M | $1.6B | ||
| Q3 25 | $998.9M | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
负债/权益比CAPLUI
| 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× | ||
| 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 | $29.4M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $260.3M |
| 自由现金流率自由现金流/营收 | 2.6% | 31.9% |
| 资本支出强度资本支出/营收 | 0.8% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.89× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $55.8M | $699.5M |
8季度趋势，按日历期对齐
经营现金流CAPLUI
| Q4 25 | $29.4M | $263.9M | ||
| Q3 25 | $24.4M | $198.5M | ||
| Q2 25 | $22.6M | $130.4M | ||
| Q1 25 | $15.0M | $123.6M | ||
| Q4 24 | $11.1M | $152.4M | ||
| Q3 24 | $41.9M | $233.7M | ||
| Q2 24 | $28.9M | $231.4M | ||
| Q1 24 | $5.8M | $163.9M |
自由现金流CAPLUI
| Q4 25 | $22.4M | $260.3M | ||
| Q3 25 | $17.7M | $193.3M | ||
| Q2 25 | $10.8M | $125.2M | ||
| Q1 25 | $4.9M | $120.7M | ||
| Q4 24 | $3.9M | $150.4M | ||
| Q3 24 | $34.2M | $231.1M | ||
| Q2 24 | $23.6M | $229.5M | ||
| Q1 24 | $-289.0K | $160.6M |
自由现金流率CAPLUI
| Q4 25 | 2.6% | 31.9% | ||
| Q3 25 | 1.8% | 26.3% | ||
| Q2 25 | 1.1% | 16.5% | ||
| Q1 25 | 0.6% | 18.2% | ||
| Q4 24 | 0.4% | 25.1% | ||
| Q3 24 | 3.2% | 42.0% | ||
| Q2 24 | 2.1% | 45.2% | ||
| Q1 24 | -0.0% | 32.6% |
资本支出强度CAPLUI
| Q4 25 | 0.8% | 0.4% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 1.2% | 0.7% | ||
| Q1 25 | 1.2% | 0.4% | ||
| Q4 24 | 0.8% | 0.3% | ||
| Q3 24 | 0.7% | 0.5% | ||
| Q2 24 | 0.5% | 0.4% | ||
| Q1 24 | 0.6% | 0.7% |
现金转化率CAPLUI
| Q4 25 | 2.89× | 1.13× | ||
| Q3 25 | 1.79× | 0.95× | ||
| Q2 25 | 0.90× | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 0.66× | 1.11× | ||
| Q3 24 | 3.92× | 1.83× | ||
| Q2 24 | 2.33× | 2.23× | ||
| Q1 24 | — | 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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
