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AMERICOLD REALTY TRUST（COLD）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AMERICOLD REALTY TRUST的1.3倍（$814.9M vs $643.1M），Ubiquiti Inc.净利率更高（28.7% vs -13.7%，领先42.4%），Ubiquiti Inc.同比增速更快（35.8% vs -0.7%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-12.2M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -0.6%）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
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。
COLD vs UI — 直观对比
营收规模更大
UI
是对方的1.3倍
$643.1M
营收增速更快
UI
高出36.5%
-0.7%
净利率更高
UI
高出42.4%
-13.7%
自由现金流更多
UI
多$272.4M
$-12.2M
两年增速更快
UI
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $814.9M |
| 净利润 | $-88.3M | $233.6M |
| 毛利率 | 31.3% | 45.9% |
| 营业利润率 | -10.8% | 35.9% |
| 净利率 | -13.7% | 28.7% |
| 营收同比 | -0.7% | 35.8% |
| 净利润同比 | -143.9% | 70.8% |
| 每股收益（稀释后） | $-0.31 | $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COLDUI
| Q4 25 | $643.1M | $814.9M | ||
| Q3 25 | $649.0M | $733.8M | ||
| Q2 25 | $635.1M | $759.2M | ||
| Q1 25 | $613.7M | $664.2M | ||
| Q4 24 | $647.4M | $599.9M | ||
| Q3 24 | $660.4M | $550.3M | ||
| Q2 24 | $645.6M | $507.5M | ||
| Q1 24 | $651.4M | $493.0M |
净利润COLDUI
| Q4 25 | $-88.3M | $233.6M | ||
| Q3 25 | $-11.4M | $207.9M | ||
| Q2 25 | $1.5M | $266.7M | ||
| Q1 25 | $-16.4M | $180.4M | ||
| Q4 24 | $-36.2M | $136.8M | ||
| Q3 24 | $-3.7M | $128.0M | ||
| Q2 24 | $-64.1M | $103.8M | ||
| Q1 24 | $9.7M | $76.3M |
毛利率COLDUI
| Q4 25 | 31.3% | 45.9% | ||
| Q3 25 | 29.3% | 46.0% | ||
| Q2 25 | 30.9% | 45.1% | ||
| Q1 25 | 31.1% | 44.5% | ||
| Q4 24 | 29.7% | 41.2% | ||
| Q3 24 | 29.6% | 42.1% | ||
| Q2 24 | 31.0% | 40.2% | ||
| Q1 24 | 30.3% | 35.3% |
营业利润率COLDUI
| Q4 25 | -10.8% | 35.9% | ||
| Q3 25 | 2.6% | 35.7% | ||
| Q2 25 | 5.9% | 34.4% | ||
| Q1 25 | 3.6% | 34.2% | ||
| Q4 24 | -1.8% | 29.8% | ||
| Q3 24 | 4.6% | 30.7% | ||
| Q2 24 | 9.8% | 27.3% | ||
| Q1 24 | 6.4% | 22.6% |
净利率COLDUI
| Q4 25 | -13.7% | 28.7% | ||
| Q3 25 | -1.8% | 28.3% | ||
| Q2 25 | 0.2% | 35.1% | ||
| Q1 25 | -2.7% | 27.2% | ||
| Q4 24 | -5.6% | 22.8% | ||
| Q3 24 | -0.6% | 23.3% | ||
| Q2 24 | -9.9% | 20.5% | ||
| Q1 24 | 1.5% | 15.5% |
每股收益（稀释后）COLDUI
| Q4 25 | $-0.31 | $3.86 | ||
| Q3 25 | $-0.04 | $3.43 | ||
| Q2 25 | $0.01 | $4.40 | ||
| Q1 25 | $-0.06 | $2.98 | ||
| Q4 24 | $-0.12 | $2.26 | ||
| Q3 24 | $-0.01 | $2.12 | ||
| Q2 24 | $-0.23 | $1.72 | ||
| Q1 24 | $0.03 | $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 | $136.9M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $2.9B | $1.0B |
| 总资产 | $8.1B | $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COLDUI
| Q4 25 | $136.9M | $302.8M | ||
| Q3 25 | $33.3M | $177.2M | ||
| Q2 25 | $101.4M | $149.7M | ||
| Q1 25 | $38.9M | $151.0M | ||
| Q4 24 | $47.7M | $133.1M | ||
| Q3 24 | $61.3M | $165.2M | ||
| Q2 24 | $44.2M | $126.3M | ||
| Q1 24 | $59.2M | $102.5M |
总债务COLDUI
| 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 | ||
| Q1 24 | — | $877.5M |
股东权益COLDUI
| Q4 25 | $2.9B | $1.0B | ||
| Q3 25 | $3.0B | $828.4M | ||
| Q2 25 | $3.1B | $668.3M | ||
| Q1 25 | $3.2B | $436.1M | ||
| Q4 24 | $3.3B | $290.4M | ||
| Q3 24 | $3.4B | $188.1M | ||
| Q2 24 | $3.4B | $95.1M | ||
| Q1 24 | $3.6B | $25.9M |
总资产COLDUI
| Q4 25 | $8.1B | $1.6B | ||
| Q3 25 | $8.1B | $1.5B | ||
| Q2 25 | $8.1B | $1.5B | ||
| Q1 25 | $7.8B | $1.3B | ||
| Q4 24 | $7.7B | $1.2B | ||
| Q3 24 | $7.9B | $1.2B | ||
| Q2 24 | $7.8B | $1.2B | ||
| Q1 24 | $7.8B | $1.2B |
负债/权益比COLDUI
| 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 | $130.2M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $260.3M |
| 自由现金流率自由现金流/营收 | -1.9% | 31.9% |
| 资本支出强度资本支出/营收 | 22.1% | 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 | $-217.2M | $699.5M |
8季度趋势，按日历期对齐
经营现金流COLDUI
| Q4 25 | $130.2M | $263.9M | ||
| Q3 25 | $78.9M | $198.5M | ||
| Q2 25 | $120.3M | $130.4M | ||
| Q1 25 | $30.2M | $123.6M | ||
| Q4 24 | $162.6M | $152.4M | ||
| Q3 24 | $50.6M | $233.7M | ||
| Q2 24 | $136.7M | $231.4M | ||
| Q1 24 | $62.0M | $163.9M |
自由现金流COLDUI
| Q4 25 | $-12.2M | $260.3M | ||
| Q3 25 | $-65.4M | $193.3M | ||
| Q2 25 | $-57.4M | $125.2M | ||
| Q1 25 | $-82.3M | $120.7M | ||
| Q4 24 | $57.4M | $150.4M | ||
| Q3 24 | $-44.5M | $231.1M | ||
| Q2 24 | $73.3M | $229.5M | ||
| Q1 24 | $16.2M | $160.6M |
自由现金流率COLDUI
| Q4 25 | -1.9% | 31.9% | ||
| Q3 25 | -10.1% | 26.3% | ||
| Q2 25 | -9.0% | 16.5% | ||
| Q1 25 | -13.4% | 18.2% | ||
| Q4 24 | 8.9% | 25.1% | ||
| Q3 24 | -6.7% | 42.0% | ||
| Q2 24 | 11.4% | 45.2% | ||
| Q1 24 | 2.5% | 32.6% |
资本支出强度COLDUI
| Q4 25 | 22.1% | 0.4% | ||
| Q3 25 | 22.2% | 0.7% | ||
| Q2 25 | 28.0% | 0.7% | ||
| Q1 25 | 18.3% | 0.4% | ||
| Q4 24 | 16.3% | 0.3% | ||
| Q3 24 | 14.4% | 0.5% | ||
| Q2 24 | 9.8% | 0.4% | ||
| Q1 24 | 7.0% | 0.7% |
现金转化率COLDUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | 78.18× | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | 6.36× | 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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
