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Centuri Holdings, Inc.（CTRI）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Centuri Holdings, Inc.的季度营收约是Ubiquiti Inc.的1.1倍（$858.6M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 3.5%，领先25.1%），Ubiquiti Inc.同比增速更快（35.8% vs 19.7%），Ubiquiti Inc.自由现金流更多（$260.3M vs $66.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 27.5%）
Centuri Holdings前身为Allied Leisure，是美国街机游戏制造商，总部位于佛罗里达州海厄利亚。20世纪80年代初，它是美国排名前六的投币式街机视频游戏设备供应商之一。1980年，原Taito美国总裁埃德·米勒与合伙人比尔·奥利吉斯收购Allied Leisure后，将其更名为Centuri。
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。
CTRI vs UI — 直观对比
营收规模更大
CTRI
是对方的1.1倍
$814.9M
营收增速更快
UI
高出16.1%
19.7%
净利率更高
UI
高出25.1%
3.5%
自由现金流更多
UI
多$194.0M
$66.3M
两年增速更快
UI
近两年复合增速
27.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $858.6M | $814.9M |
| 净利润 | $30.4M | $233.6M |
| 毛利率 | 9.4% | 45.9% |
| 营业利润率 | 4.3% | 35.9% |
| 净利率 | 3.5% | 28.7% |
| 营收同比 | 19.7% | 35.8% |
| 净利润同比 | 194.1% | 70.8% |
| 每股收益（稀释后） | $0.34 | $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CTRIUI
| Q4 25 | $858.6M | $814.9M | ||
| Q3 25 | $850.0M | $733.8M | ||
| Q2 25 | $724.1M | $759.2M | ||
| Q1 25 | $550.1M | $664.2M | ||
| Q4 24 | $717.1M | $599.9M | ||
| Q3 24 | $720.1M | $550.3M | ||
| Q2 24 | $672.1M | $507.5M | ||
| Q1 24 | $528.0M | $493.0M |
净利润CTRIUI
| Q4 25 | $30.4M | $233.6M | ||
| Q3 25 | $2.1M | $207.9M | ||
| Q2 25 | $8.1M | $266.7M | ||
| Q1 25 | $-17.9M | $180.4M | ||
| Q4 24 | $10.3M | $136.8M | ||
| Q3 24 | $-3.7M | $128.0M | ||
| Q2 24 | $11.7M | $103.8M | ||
| Q1 24 | $-25.1M | $76.3M |
毛利率CTRIUI
| Q4 25 | 9.4% | 45.9% | ||
| Q3 25 | 9.2% | 46.0% | ||
| Q2 25 | 9.4% | 45.1% | ||
| Q1 25 | 3.7% | 44.5% | ||
| Q4 24 | 9.9% | 41.2% | ||
| Q3 24 | 10.5% | 42.1% | ||
| Q2 24 | 9.0% | 40.2% | ||
| Q1 24 | 2.5% | 35.3% |
营业利润率CTRIUI
| Q4 25 | 4.3% | 35.9% | ||
| Q3 25 | 4.3% | 35.7% | ||
| Q2 25 | 4.4% | 34.4% | ||
| Q1 25 | -2.3% | 34.2% | ||
| Q4 24 | 4.7% | 29.8% | ||
| Q3 24 | 5.8% | 30.7% | ||
| Q2 24 | 4.9% | 27.3% | ||
| Q1 24 | -4.2% | 22.6% |
净利率CTRIUI
| Q4 25 | 3.5% | 28.7% | ||
| Q3 25 | 0.2% | 28.3% | ||
| Q2 25 | 1.1% | 35.1% | ||
| Q1 25 | -3.3% | 27.2% | ||
| Q4 24 | 1.4% | 22.8% | ||
| Q3 24 | -0.5% | 23.3% | ||
| Q2 24 | 1.7% | 20.5% | ||
| Q1 24 | -4.7% | 15.5% |
每股收益（稀释后）CTRIUI
| Q4 25 | $0.34 | $3.86 | ||
| Q3 25 | $0.02 | $3.43 | ||
| Q2 25 | $0.09 | $4.40 | ||
| Q1 25 | $-0.20 | $2.98 | ||
| Q4 24 | $0.17 | $2.26 | ||
| Q3 24 | $-0.04 | $2.12 | ||
| Q2 24 | $0.14 | $1.72 | ||
| Q1 24 | $-0.35 | $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 | $126.6M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $873.0M | $1.0B |
| 总资产 | $2.4B | $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CTRIUI
| Q4 25 | $126.6M | $302.8M | ||
| Q3 25 | $16.1M | $177.2M | ||
| Q2 25 | $28.3M | $149.7M | ||
| Q1 25 | $15.3M | $151.0M | ||
| Q4 24 | $49.0M | $133.1M | ||
| Q3 24 | $52.5M | $165.2M | ||
| Q2 24 | $30.9M | $126.3M | ||
| Q1 24 | $18.4M | $102.5M |
总债务CTRIUI
| 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CTRIUI
| Q4 25 | $873.0M | $1.0B | ||
| Q3 25 | $585.2M | $828.4M | ||
| Q2 25 | $567.1M | $668.3M | ||
| Q1 25 | $536.5M | $436.1M | ||
| Q4 24 | $555.6M | $290.4M | ||
| Q3 24 | $527.3M | $188.1M | ||
| Q2 24 | $530.4M | $95.1M | ||
| Q1 24 | $197.8M | $25.9M |
总资产CTRIUI
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
负债/权益比CTRIUI
| 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 | $83.9M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $66.3M | $260.3M |
| 自由现金流率自由现金流/营收 | 7.7% | 31.9% |
| 资本支出强度资本支出/营收 | 2.0% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.76× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $-8.2M | $699.5M |
8季度趋势，按日历期对齐
经营现金流CTRIUI
| Q4 25 | $83.9M | $263.9M | ||
| Q3 25 | $5.2M | $198.5M | ||
| Q2 25 | $-27.7M | $130.4M | ||
| Q1 25 | $16.7M | $123.6M | ||
| Q4 24 | $61.0M | $152.4M | ||
| Q3 24 | $180.2M | $233.7M | ||
| Q2 24 | $-56.6M | $231.4M | ||
| Q1 24 | $-26.5M | $163.9M |
自由现金流CTRIUI
| Q4 25 | $66.3M | $260.3M | ||
| Q3 25 | $-18.4M | $193.3M | ||
| Q2 25 | $-48.5M | $125.2M | ||
| Q1 25 | $-7.7M | $120.7M | ||
| Q4 24 | $27.8M | $150.4M | ||
| Q3 24 | $160.7M | $231.1M | ||
| Q2 24 | $-76.9M | $229.5M | ||
| Q1 24 | $-52.7M | $160.6M |
自由现金流率CTRIUI
| Q4 25 | 7.7% | 31.9% | ||
| Q3 25 | -2.2% | 26.3% | ||
| Q2 25 | -6.7% | 16.5% | ||
| Q1 25 | -1.4% | 18.2% | ||
| Q4 24 | 3.9% | 25.1% | ||
| Q3 24 | 22.3% | 42.0% | ||
| Q2 24 | -11.4% | 45.2% | ||
| Q1 24 | -10.0% | 32.6% |
资本支出强度CTRIUI
| Q4 25 | 2.0% | 0.4% | ||
| Q3 25 | 2.8% | 0.7% | ||
| Q2 25 | 2.9% | 0.7% | ||
| Q1 25 | 4.4% | 0.4% | ||
| Q4 24 | 4.6% | 0.3% | ||
| Q3 24 | 2.7% | 0.5% | ||
| Q2 24 | 3.0% | 0.4% | ||
| Q1 24 | 5.0% | 0.7% |
现金转化率CTRIUI
| Q4 25 | 2.76× | 1.13× | ||
| Q3 25 | 2.48× | 0.95× | ||
| Q2 25 | -3.43× | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 5.90× | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | -4.84× | 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
CTRI
| Master Services Agreement | $660.7M | 77% |
| Non Union Electric Segment | $163.4M | 19% |
| Related Party | $25.6M | 3% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
