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科慕（CC）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
科慕的季度营收约是Ubiquiti Inc.的1.6倍（$1.3B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs -3.5%，领先32.2%），Ubiquiti Inc.同比增速更快（35.8% vs -2.1%），Ubiquiti Inc.自由现金流更多（$260.3M vs $92.0M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -1.2%）
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
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。
CC vs UI — 直观对比
营收规模更大
CC
是对方的1.6倍
$814.9M
营收增速更快
UI
高出37.9%
-2.1%
净利率更高
UI
高出32.2%
-3.5%
自由现金流更多
UI
多$168.3M
$92.0M
两年增速更快
UI
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $814.9M |
| 净利润 | $-47.0M | $233.6M |
| 毛利率 | 11.7% | 45.9% |
| 营业利润率 | — | 35.9% |
| 净利率 | -3.5% | 28.7% |
| 营收同比 | -2.1% | 35.8% |
| 净利润同比 | -261.5% | 70.8% |
| 每股收益（稀释后） | $-0.32 | $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CCUI
| Q4 25 | $1.3B | $814.9M | ||
| Q3 25 | $1.5B | $733.8M | ||
| Q2 25 | $1.6B | $759.2M | ||
| Q1 25 | $1.4B | $664.2M | ||
| Q4 24 | $1.4B | $599.9M | ||
| Q3 24 | $1.5B | $550.3M | ||
| Q2 24 | $1.6B | $507.5M | ||
| Q1 24 | $1.4B | $493.0M |
净利润CCUI
| Q4 25 | $-47.0M | $233.6M | ||
| Q3 25 | $46.0M | $207.9M | ||
| Q2 25 | $-380.0M | $266.7M | ||
| Q1 25 | $-5.0M | $180.4M | ||
| Q4 24 | $-13.0M | $136.8M | ||
| Q3 24 | $-32.0M | $128.0M | ||
| Q2 24 | $60.0M | $103.8M | ||
| Q1 24 | $54.0M | $76.3M |
毛利率CCUI
| Q4 25 | 11.7% | 45.9% | ||
| Q3 25 | 15.6% | 46.0% | ||
| Q2 25 | 17.2% | 45.1% | ||
| Q1 25 | 17.3% | 44.5% | ||
| Q4 24 | 19.4% | 41.2% | ||
| Q3 24 | 19.0% | 42.1% | ||
| Q2 24 | 19.8% | 40.2% | ||
| Q1 24 | 20.9% | 35.3% |
营业利润率CCUI
| Q4 25 | — | 35.9% | ||
| Q3 25 | 2.5% | 35.7% | ||
| Q2 25 | -15.4% | 34.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | -0.1% | 29.8% | ||
| Q3 24 | -2.1% | 30.7% | ||
| Q2 24 | 4.4% | 27.3% | ||
| Q1 24 | 5.1% | 22.6% |
净利率CCUI
| Q4 25 | -3.5% | 28.7% | ||
| Q3 25 | 3.1% | 28.3% | ||
| Q2 25 | -23.5% | 35.1% | ||
| Q1 25 | -0.4% | 27.2% | ||
| Q4 24 | -1.0% | 22.8% | ||
| Q3 24 | -2.1% | 23.3% | ||
| Q2 24 | 3.9% | 20.5% | ||
| Q1 24 | 4.0% | 15.5% |
每股收益（稀释后）CCUI
| Q4 25 | $-0.32 | $3.86 | ||
| Q3 25 | $0.31 | $3.43 | ||
| Q2 25 | $-2.53 | $4.40 | ||
| Q1 25 | $-0.03 | $2.98 | ||
| Q4 24 | $-0.07 | $2.26 | ||
| Q3 24 | $-0.22 | $2.12 | ||
| Q2 24 | $0.39 | $1.72 | ||
| Q1 24 | $0.36 | $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 | $670.0M | $302.8M |
| 总债务越低越好 | $4.1B | $47.5M |
| 股东权益账面价值 | $250.0M | $1.0B |
| 总资产 | $7.4B | $1.6B |
| 负债/权益比越低杠杆越低 | 16.40× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CCUI
| Q4 25 | $670.0M | $302.8M | ||
| Q3 25 | $613.0M | $177.2M | ||
| Q2 25 | $502.0M | $149.7M | ||
| Q1 25 | $464.0M | $151.0M | ||
| Q4 24 | $713.0M | $133.1M | ||
| Q3 24 | $596.0M | $165.2M | ||
| Q2 24 | $604.0M | $126.3M | ||
| Q1 24 | $746.0M | $102.5M |
总债务CCUI
| Q4 25 | $4.1B | $47.5M | ||
| Q3 25 | $4.1B | $133.8M | ||
| Q2 25 | $4.1B | $250.0M | ||
| Q1 25 | $4.1B | $340.0M | ||
| Q4 24 | $4.1B | $406.3M | ||
| Q3 24 | $4.0B | $552.5M | ||
| Q2 24 | $4.0B | $708.1M | ||
| Q1 24 | $4.0B | $877.5M |
股东权益CCUI
| Q4 25 | $250.0M | $1.0B | ||
| Q3 25 | $274.0M | $828.4M | ||
| Q2 25 | $228.0M | $668.3M | ||
| Q1 25 | $566.0M | $436.1M | ||
| Q4 24 | $571.0M | $290.4M | ||
| Q3 24 | $643.0M | $188.1M | ||
| Q2 24 | $714.0M | $95.1M | ||
| Q1 24 | $753.0M | $25.9M |
总资产CCUI
| Q4 25 | $7.4B | $1.6B | ||
| Q3 25 | $7.5B | $1.5B | ||
| Q2 25 | $7.5B | $1.5B | ||
| Q1 25 | $7.4B | $1.3B | ||
| Q4 24 | $7.5B | $1.2B | ||
| Q3 24 | $7.5B | $1.2B | ||
| Q2 24 | $7.2B | $1.2B | ||
| Q1 24 | $8.0B | $1.2B |
负债/权益比CCUI
| Q4 25 | 16.40× | 0.05× | ||
| Q3 25 | 14.96× | 0.16× | ||
| Q2 25 | 17.99× | 0.37× | ||
| Q1 25 | 7.18× | 0.78× | ||
| Q4 24 | 7.11× | 1.40× | ||
| Q3 24 | 6.20× | 2.94× | ||
| Q2 24 | 5.53× | 7.45× | ||
| Q1 24 | 5.27× | 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 | $137.0M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $92.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 6.9% | 31.9% |
| 资本支出强度资本支出/营收 | 3.4% | 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 | $51.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流CCUI
| Q4 25 | $137.0M | $263.9M | ||
| Q3 25 | $146.0M | $198.5M | ||
| Q2 25 | $93.0M | $130.4M | ||
| Q1 25 | $-112.0M | $123.6M | ||
| Q4 24 | $138.0M | $152.4M | ||
| Q3 24 | $139.0M | $233.7M | ||
| Q2 24 | $-620.0M | $231.4M | ||
| Q1 24 | $-290.0M | $163.9M |
自由现金流CCUI
| Q4 25 | $92.0M | $260.3M | ||
| Q3 25 | $105.0M | $193.3M | ||
| Q2 25 | $50.0M | $125.2M | ||
| Q1 25 | $-196.0M | $120.7M | ||
| Q4 24 | $29.0M | $150.4M | ||
| Q3 24 | $63.0M | $231.1M | ||
| Q2 24 | $-693.0M | $229.5M | ||
| Q1 24 | $-392.0M | $160.6M |
自由现金流率CCUI
| Q4 25 | 6.9% | 31.9% | ||
| Q3 25 | 7.0% | 26.3% | ||
| Q2 25 | 3.1% | 16.5% | ||
| Q1 25 | -14.3% | 18.2% | ||
| Q4 24 | 2.1% | 25.1% | ||
| Q3 24 | 4.2% | 42.0% | ||
| Q2 24 | -44.6% | 45.2% | ||
| Q1 24 | -28.8% | 32.6% |
资本支出强度CCUI
| Q4 25 | 3.4% | 0.4% | ||
| Q3 25 | 2.7% | 0.7% | ||
| Q2 25 | 2.7% | 0.7% | ||
| Q1 25 | 6.1% | 0.4% | ||
| Q4 24 | 8.0% | 0.3% | ||
| Q3 24 | 5.0% | 0.5% | ||
| Q2 24 | 4.7% | 0.4% | ||
| Q1 24 | 7.5% | 0.7% |
现金转化率CCUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | 3.17× | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | -10.33× | 2.23× | ||
| Q1 24 | -5.37× | 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
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
