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德纳（DAN）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
德纳的季度营收约是Ubiquiti Inc.的1.6倍（$1.3B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs -3.9%，领先32.5%），Ubiquiti Inc.同比增速更快（35.8% vs -44.5%），德纳自由现金流更多（$345.0M vs $260.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -31.2%）
德纳（Dana Inc.）是美国知名汽车零部件供应商，创立于1904年，总部位于俄亥俄州莫米。公司为传统燃油车、混合动力车及电动车提供车桥、传动轴，以及电驱动、热管理、密封、数字设备等产品，服务于轻型车、商用车市场，业务遍及33个国家，员工近2.8万人，2022年销售额达102亿美元，位列财富世界500强。
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。
DAN vs UI — 直观对比
营收规模更大
DAN
是对方的1.6倍
$814.9M
营收增速更快
UI
高出80.3%
-44.5%
净利率更高
UI
高出32.5%
-3.9%
自由现金流更多
DAN
多$84.7M
$260.3M
两年增速更快
UI
近两年复合增速
-31.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $814.9M |
| 净利润 | $-50.0M | $233.6M |
| 毛利率 | 6.0% | 45.9% |
| 营业利润率 | -0.2% | 35.9% |
| 净利率 | -3.9% | 28.7% |
| 营收同比 | -44.5% | 35.8% |
| 净利润同比 | 37.5% | 70.8% |
| 每股收益（稀释后） | $-0.36 | $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DANUI
| Q4 25 | $1.3B | $814.9M | ||
| Q3 25 | $1.9B | $733.8M | ||
| Q2 25 | $1.9B | $759.2M | ||
| Q1 25 | $2.4B | $664.2M | ||
| Q4 24 | $2.3B | $599.9M | ||
| Q3 24 | $2.5B | $550.3M | ||
| Q2 24 | $2.7B | $507.5M | ||
| Q1 24 | $2.7B | $493.0M |
净利润DANUI
| Q4 25 | $-50.0M | $233.6M | ||
| Q3 25 | $83.0M | $207.9M | ||
| Q2 25 | $27.0M | $266.7M | ||
| Q1 25 | $25.0M | $180.4M | ||
| Q4 24 | $-80.0M | $136.8M | ||
| Q3 24 | $4.0M | $128.0M | ||
| Q2 24 | $16.0M | $103.8M | ||
| Q1 24 | $3.0M | $76.3M |
毛利率DANUI
| Q4 25 | 6.0% | 45.9% | ||
| Q3 25 | 8.7% | 46.0% | ||
| Q2 25 | 7.1% | 45.1% | ||
| Q1 25 | 9.4% | 44.5% | ||
| Q4 24 | 5.7% | 41.2% | ||
| Q3 24 | 9.9% | 42.1% | ||
| Q2 24 | 9.3% | 40.2% | ||
| Q1 24 | 8.9% | 35.3% |
营业利润率DANUI
| Q4 25 | -0.2% | 35.9% | ||
| Q3 25 | 2.8% | 35.7% | ||
| Q2 25 | 0.8% | 34.4% | ||
| Q1 25 | 3.1% | 34.2% | ||
| Q4 24 | -1.5% | 29.8% | ||
| Q3 24 | 3.6% | 30.7% | ||
| Q2 24 | 3.8% | 27.3% | ||
| Q1 24 | 2.6% | 22.6% |
净利率DANUI
| Q4 25 | -3.9% | 28.7% | ||
| Q3 25 | 4.3% | 28.3% | ||
| Q2 25 | 1.4% | 35.1% | ||
| Q1 25 | 1.1% | 27.2% | ||
| Q4 24 | -3.4% | 22.8% | ||
| Q3 24 | 0.2% | 23.3% | ||
| Q2 24 | 0.6% | 20.5% | ||
| Q1 24 | 0.1% | 15.5% |
每股收益（稀释后）DANUI
| Q4 25 | $-0.36 | $3.86 | ||
| Q3 25 | $0.64 | $3.43 | ||
| Q2 25 | $0.19 | $4.40 | ||
| Q1 25 | $0.17 | $2.98 | ||
| Q4 24 | $-0.55 | $2.26 | ||
| Q3 24 | $0.03 | $2.12 | ||
| Q2 24 | $0.11 | $1.72 | ||
| Q1 24 | $0.02 | $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 | $469.0M | $302.8M |
| 总债务越低越好 | $2.6B | $47.5M |
| 股东权益账面价值 | $840.0M | $1.0B |
| 总资产 | $7.8B | $1.6B |
| 负债/权益比越低杠杆越低 | 3.05× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资DANUI
| Q4 25 | $469.0M | $302.8M | ||
| Q3 25 | $414.0M | $177.2M | ||
| Q2 25 | $486.0M | $149.7M | ||
| Q1 25 | $507.0M | $151.0M | ||
| Q4 24 | $494.0M | $133.1M | ||
| Q3 24 | $419.0M | $165.2M | ||
| Q2 24 | $419.0M | $126.3M | ||
| Q1 24 | $351.0M | $102.5M |
总债务DANUI
| Q4 25 | $2.6B | $47.5M | ||
| Q3 25 | $2.6B | $133.8M | ||
| Q2 25 | $2.6B | $250.0M | ||
| Q1 25 | $2.4B | $340.0M | ||
| Q4 24 | $2.4B | $406.3M | ||
| Q3 24 | $2.4B | $552.5M | ||
| Q2 24 | $2.4B | $708.1M | ||
| Q1 24 | $2.6B | $877.5M |
股东权益DANUI
| Q4 25 | $840.0M | $1.0B | ||
| Q3 25 | $1.1B | $828.4M | ||
| Q2 25 | $1.2B | $668.3M | ||
| Q1 25 | $1.4B | $436.1M | ||
| Q4 24 | $1.3B | $290.4M | ||
| Q3 24 | $1.5B | $188.1M | ||
| Q2 24 | $1.5B | $95.1M | ||
| Q1 24 | $1.5B | $25.9M |
总资产DANUI
| Q4 25 | $7.8B | $1.6B | ||
| Q3 25 | $8.1B | $1.5B | ||
| Q2 25 | $8.1B | $1.5B | ||
| Q1 25 | $7.8B | $1.3B | ||
| Q4 24 | $7.5B | $1.2B | ||
| Q3 24 | $7.9B | $1.2B | ||
| Q2 24 | $7.8B | $1.2B | ||
| Q1 24 | $7.9B | $1.2B |
负债/权益比DANUI
| Q4 25 | 3.05× | 0.05× | ||
| Q3 25 | 2.35× | 0.16× | ||
| Q2 25 | 2.13× | 0.37× | ||
| Q1 25 | 1.76× | 0.78× | ||
| Q4 24 | 1.79× | 1.40× | ||
| Q3 24 | 1.65× | 2.94× | ||
| Q2 24 | 1.62× | 7.45× | ||
| Q1 24 | 1.68× | 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 | $406.0M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $345.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 26.6% | 31.9% |
| 资本支出强度资本支出/营收 | 4.7% | 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 | $298.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流DANUI
| Q4 25 | $406.0M | $263.9M | ||
| Q3 25 | $111.0M | $198.5M | ||
| Q2 25 | $32.0M | $130.4M | ||
| Q1 25 | $-37.0M | $123.6M | ||
| Q4 24 | $302.0M | $152.4M | ||
| Q3 24 | $35.0M | $233.7M | ||
| Q2 24 | $215.0M | $231.4M | ||
| Q1 24 | $-102.0M | $163.9M |
自由现金流DANUI
| Q4 25 | $345.0M | $260.3M | ||
| Q3 25 | $62.0M | $193.3M | ||
| Q2 25 | $3.0M | $125.2M | ||
| Q1 25 | $-112.0M | $120.7M | ||
| Q4 24 | $149.0M | $150.4M | ||
| Q3 24 | $-11.0M | $231.1M | ||
| Q2 24 | $104.0M | $229.5M | ||
| Q1 24 | $-172.0M | $160.6M |
自由现金流率DANUI
| Q4 25 | 26.6% | 31.9% | ||
| Q3 25 | 3.2% | 26.3% | ||
| Q2 25 | 0.2% | 16.5% | ||
| Q1 25 | -4.8% | 18.2% | ||
| Q4 24 | 6.4% | 25.1% | ||
| Q3 24 | -0.4% | 42.0% | ||
| Q2 24 | 3.8% | 45.2% | ||
| Q1 24 | -6.3% | 32.6% |
资本支出强度DANUI
| Q4 25 | 4.7% | 0.4% | ||
| Q3 25 | 2.6% | 0.7% | ||
| Q2 25 | 1.5% | 0.7% | ||
| Q1 25 | 3.2% | 0.4% | ||
| Q4 24 | 6.6% | 0.3% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 4.1% | 0.4% | ||
| Q1 24 | 2.6% | 0.7% |
现金转化率DANUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | 1.34× | 0.95× | ||
| Q2 25 | 1.19× | 0.49× | ||
| Q1 25 | -1.48× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 8.75× | 1.83× | ||
| Q2 24 | 13.44× | 2.23× | ||
| Q1 24 | -34.00× | 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
DAN
| Light Vehicle Segment | $912.0M | 70% |
| Commercial Vehicle Segment | $218.0M | 17% |
| Other | $166.0M | 13% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
