vs
思科（CSCO）与优步（UBER）财务数据对比。点击上方公司名可切换其他公司
思科的季度营收约是优步的1.1倍（$15.3B vs $14.4B），思科净利率更高（20.7% vs 2.1%，领先18.6%），优步同比增速更快（20.1% vs 9.7%），优步自由现金流更多（$2.8B vs $1.5B），过去两年优步的营收复合增速更高（19.1% vs 9.9%）
思科是总部位于美国加利福尼亚州圣何塞的跨国数字通信科技集团，专注于研发、生产及销售网络硬件、软件、通信设备等各类高科技产品，同时提供配套高端技术服务，为全球各领域客户提供可靠的数字化通信相关解决方案。
优步是总部位于美国加利福尼亚州旧金山的跨国出行科技企业，核心业务涵盖网约车、快递、食品配送及货运服务，业务覆盖全球约70个国家和15000座城市，是全球规模最大的共享出行平台，月活用户超1.8亿，活跃司机及配送员超600万。
CSCO vs UBER — 直观对比
营收规模更大
CSCO
是对方的1.1倍
$14.4B
营收增速更快
UBER
高出10.4%
9.7%
净利率更高
CSCO
高出18.6%
2.1%
自由现金流更多
UBER
多$1.3B
$1.5B
两年增速更快
UBER
近两年复合增速
9.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $15.3B | $14.4B |
| 净利润 | $3.2B | $296.0M |
| 毛利率 | 65.0% | — |
| 营业利润率 | 24.6% | 12.3% |
| 净利率 | 20.7% | 2.1% |
| 营收同比 | 9.7% | 20.1% |
| 净利润同比 | 30.8% | -95.7% |
| 每股收益（稀释后） | $0.80 | $0.16 |
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CSCOUBER
| Q1 26 | $15.3B | — | ||
| Q4 25 | $14.9B | $14.4B | ||
| Q3 25 | $14.7B | $13.5B | ||
| Q2 25 | $14.1B | $12.7B | ||
| Q1 25 | $14.0B | $11.5B | ||
| Q4 24 | $13.8B | $12.0B | ||
| Q3 24 | $13.6B | $11.2B | ||
| Q2 24 | $12.7B | $10.7B |
净利润CSCOUBER
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.9B | $296.0M | ||
| Q3 25 | $2.5B | $6.6B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.7B | $6.9B | ||
| Q3 24 | $2.2B | $2.6B | ||
| Q2 24 | $1.9B | $1.0B |
毛利率CSCOUBER
| Q1 26 | 65.0% | — | ||
| Q4 25 | 65.5% | — | ||
| Q3 25 | 63.2% | — | ||
| Q2 25 | 65.6% | — | ||
| Q1 25 | 65.1% | — | ||
| Q4 24 | 65.9% | — | ||
| Q3 24 | 64.4% | — | ||
| Q2 24 | 65.1% | — |
营业利润率CSCOUBER
| Q1 26 | 24.6% | — | ||
| Q4 25 | 22.6% | 12.3% | ||
| Q3 25 | 21.0% | 8.3% | ||
| Q2 25 | 22.6% | 11.5% | ||
| Q1 25 | 22.3% | 10.6% | ||
| Q4 24 | 17.0% | 6.4% | ||
| Q3 24 | 19.2% | 9.5% | ||
| Q2 24 | 17.2% | 7.4% |
净利率CSCOUBER
| Q1 26 | 20.7% | — | ||
| Q4 25 | 19.2% | 2.1% | ||
| Q3 25 | 17.4% | 49.2% | ||
| Q2 25 | 17.6% | 10.7% | ||
| Q1 25 | 17.4% | 15.4% | ||
| Q4 24 | 19.6% | 57.6% | ||
| Q3 24 | 15.8% | 23.3% | ||
| Q2 24 | 14.8% | 9.5% |
每股收益（稀释后）CSCOUBER
| Q1 26 | $0.80 | — | ||
| Q4 25 | $0.72 | $0.16 | ||
| Q3 25 | $0.64 | $3.11 | ||
| Q2 25 | $0.62 | $0.63 | ||
| Q1 25 | $0.61 | $0.83 | ||
| Q4 24 | $0.68 | $3.21 | ||
| Q3 24 | $0.54 | $1.20 | ||
| Q2 24 | $0.46 | $0.47 |
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 | $15.8B | $7.6B |
| 总债务越低越好 | $24.6B | $10.6B |
| 股东权益账面价值 | $47.7B | $27.0B |
| 总资产 | $123.4B | $61.8B |
| 负债/权益比越低杠杆越低 | 0.52× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资CSCOUBER
| Q1 26 | $15.8B | — | ||
| Q4 25 | $15.7B | $7.6B | ||
| Q3 25 | $16.1B | $9.1B | ||
| Q2 25 | $15.6B | $7.4B | ||
| Q1 25 | $16.9B | $6.0B | ||
| Q4 24 | $18.7B | $7.0B | ||
| Q3 24 | $17.9B | $9.1B | ||
| Q2 24 | $18.8B | $6.3B |
总债务CSCOUBER
| Q1 26 | $24.6B | — | ||
| Q4 25 | $24.6B | $10.6B | ||
| Q3 25 | $24.6B | — | ||
| Q2 25 | $25.1B | — | ||
| Q1 25 | $20.1B | — | ||
| Q4 24 | $20.1B | $9.6B | ||
| Q3 24 | $20.1B | — | ||
| Q2 24 | $20.1B | — |
股东权益CSCOUBER
| Q1 26 | $47.7B | — | ||
| Q4 25 | $46.9B | $27.0B | ||
| Q3 25 | $46.8B | $28.1B | ||
| Q2 25 | $45.9B | $22.6B | ||
| Q1 25 | $45.5B | $22.0B | ||
| Q4 24 | $45.3B | $21.6B | ||
| Q3 24 | $45.5B | $14.8B | ||
| Q2 24 | $45.8B | $12.3B |
总资产CSCOUBER
| Q1 26 | $123.4B | — | ||
| Q4 25 | $121.1B | $61.8B | ||
| Q3 25 | $122.3B | $63.3B | ||
| Q2 25 | $119.8B | $56.0B | ||
| Q1 25 | $121.4B | $52.8B | ||
| Q4 24 | $123.3B | $51.2B | ||
| Q3 24 | $124.4B | $47.1B | ||
| Q2 24 | $123.0B | $41.5B |
负债/权益比CSCOUBER
| Q1 26 | 0.52× | — | ||
| Q4 25 | 0.53× | 0.39× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.44× | 0.44× | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.44× | — |
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 | $1.8B | $2.9B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $2.8B |
| 自由现金流率自由现金流/营收 | 10.0% | 19.5% |
| 资本支出强度资本支出/营收 | 1.8% | 0.5% |
| 现金转化率经营现金流/净利润 | 0.57× | 9.74× |
| 过去12个月自由现金流最近4个季度 | $12.2B | $9.8B |
8季度趋势，按日历期对齐
经营现金流CSCOUBER
| Q1 26 | $1.8B | — | ||
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $4.2B | $2.3B | ||
| Q2 25 | $4.1B | $2.6B | ||
| Q1 25 | $2.2B | $2.3B | ||
| Q4 24 | $3.7B | $1.8B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $4.0B | $1.8B |
自由现金流CSCOUBER
| Q1 26 | $1.5B | — | ||
| Q4 25 | $2.9B | $2.8B | ||
| Q3 25 | $4.0B | $2.2B | ||
| Q2 25 | $3.8B | $2.5B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $3.4B | $1.7B | ||
| Q3 24 | $3.5B | $2.1B | ||
| Q2 24 | $3.8B | $1.7B |
自由现金流率CSCOUBER
| Q1 26 | 10.0% | — | ||
| Q4 25 | 19.4% | 19.5% | ||
| Q3 25 | 27.4% | 16.6% | ||
| Q2 25 | 26.8% | 19.6% | ||
| Q1 25 | 14.5% | 19.5% | ||
| Q4 24 | 24.9% | 14.3% | ||
| Q3 24 | 25.9% | 18.9% | ||
| Q2 24 | 29.9% | 16.1% |
资本支出强度CSCOUBER
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.2% | 0.5% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 1.5% | 0.6% | ||
| Q4 24 | 1.6% | 0.4% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.3% | 0.9% |
现金转化率CSCOUBER
| Q1 26 | 0.57× | — | ||
| Q4 25 | 1.12× | 9.74× | ||
| Q3 25 | 1.66× | 0.35× | ||
| Q2 25 | 1.63× | 1.89× | ||
| Q1 25 | 0.92× | 1.31× | ||
| Q4 24 | 1.35× | 0.25× | ||
| Q3 24 | 1.73× | 0.82× | ||
| Q2 24 | 2.11× | 1.79× |
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
CSCO
| Networking | $8.3B | 54% |
| Services | $3.7B | 24% |
| Security | $2.0B | 13% |
| Collaboration | $1.1B | 7% |
| Observability | $277.0M | 2% |
UBER
| Mobility | $8.2B | 57% |
| Delivery | $4.9B | 34% |
| Freight | $1.3B | 9% |
