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DELUXE CORP（DLX）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DELUXE CORP的1.5倍（$814.9M vs $535.2M），Ubiquiti Inc.净利率更高（28.7% vs 2.2%，领先26.4%），Ubiquiti Inc.同比增速更快（35.8% vs 2.8%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 0.0%）
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
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。
DLX vs UI — 直观对比
营收规模更大
UI
是对方的1.5倍
$535.2M
营收增速更快
UI
高出33.0%
2.8%
净利率更高
UI
高出26.4%
2.2%
两年增速更快
UI
近两年复合增速
0.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $535.2M | $814.9M |
| 净利润 | $12.0M | $233.6M |
| 毛利率 | 52.2% | 45.9% |
| 营业利润率 | 8.9% | 35.9% |
| 净利率 | 2.2% | 28.7% |
| 营收同比 | 2.8% | 35.8% |
| 净利润同比 | -5.0% | 70.8% |
| 每股收益（稀释后） | $0.25 | $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DLXUI
| Q4 25 | $535.2M | $814.9M | ||
| Q3 25 | $540.2M | $733.8M | ||
| Q2 25 | $521.3M | $759.2M | ||
| Q1 25 | $536.5M | $664.2M | ||
| Q4 24 | $520.6M | $599.9M | ||
| Q3 24 | $528.4M | $550.3M | ||
| Q2 24 | $537.8M | $507.5M | ||
| Q1 24 | $535.0M | $493.0M |
净利润DLXUI
| Q4 25 | $12.0M | $233.6M | ||
| Q3 25 | $33.7M | $207.9M | ||
| Q2 25 | $22.4M | $266.7M | ||
| Q1 25 | $14.0M | $180.4M | ||
| Q4 24 | $12.6M | $136.8M | ||
| Q3 24 | $8.9M | $128.0M | ||
| Q2 24 | $20.5M | $103.8M | ||
| Q1 24 | $10.8M | $76.3M |
毛利率DLXUI
| Q4 25 | 52.2% | 45.9% | ||
| Q3 25 | 53.9% | 46.0% | ||
| Q2 25 | 53.6% | 45.1% | ||
| Q1 25 | 52.4% | 44.5% | ||
| Q4 24 | 52.3% | 41.2% | ||
| Q3 24 | 53.3% | 42.1% | ||
| Q2 24 | 53.7% | 40.2% | ||
| Q1 24 | 53.0% | 35.3% |
营业利润率DLXUI
| Q4 25 | 8.9% | 35.9% | ||
| Q3 25 | 14.0% | 35.7% | ||
| Q2 25 | 11.7% | 34.4% | ||
| Q1 25 | 9.0% | 34.2% | ||
| Q4 24 | 9.0% | 29.8% | ||
| Q3 24 | 7.9% | 30.7% | ||
| Q2 24 | 11.0% | 27.3% | ||
| Q1 24 | 8.3% | 22.6% |
净利率DLXUI
| Q4 25 | 2.2% | 28.7% | ||
| Q3 25 | 6.2% | 28.3% | ||
| Q2 25 | 4.3% | 35.1% | ||
| Q1 25 | 2.6% | 27.2% | ||
| Q4 24 | 2.4% | 22.8% | ||
| Q3 24 | 1.7% | 23.3% | ||
| Q2 24 | 3.8% | 20.5% | ||
| Q1 24 | 2.0% | 15.5% |
每股收益（稀释后）DLXUI
| Q4 25 | $0.25 | $3.86 | ||
| Q3 25 | $0.74 | $3.43 | ||
| Q2 25 | $0.50 | $4.40 | ||
| Q1 25 | $0.31 | $2.98 | ||
| Q4 24 | $0.28 | $2.26 | ||
| Q3 24 | $0.20 | $2.12 | ||
| Q2 24 | $0.46 | $1.72 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $680.7M | $1.0B |
| 总资产 | $2.9B | $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DLXUI
| Q4 25 | $36.9M | $302.8M | ||
| Q3 25 | $25.8M | $177.2M | ||
| Q2 25 | $26.0M | $149.7M | ||
| Q1 25 | $30.3M | $151.0M | ||
| Q4 24 | $34.4M | $133.1M | ||
| Q3 24 | $41.3M | $165.2M | ||
| Q2 24 | $23.1M | $126.3M | ||
| Q1 24 | $23.5M | $102.5M |
总债务DLXUI
| 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DLXUI
| Q4 25 | $680.7M | $1.0B | ||
| Q3 25 | $664.1M | $828.4M | ||
| Q2 25 | $638.7M | $668.3M | ||
| Q1 25 | $622.5M | $436.1M | ||
| Q4 24 | $620.9M | $290.4M | ||
| Q3 24 | $612.7M | $188.1M | ||
| Q2 24 | $620.5M | $95.1M | ||
| Q1 24 | $608.4M | $25.9M |
总资产DLXUI
| Q4 25 | $2.9B | $1.6B | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | $2.7B | $1.2B |
负债/权益比DLXUI
| 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 | $102.1M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | — | $260.3M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 8.53× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流DLXUI
| Q4 25 | $102.1M | $263.9M | ||
| Q3 25 | $67.1M | $198.5M | ||
| Q2 25 | $51.1M | $130.4M | ||
| Q1 25 | $50.3M | $123.6M | ||
| Q4 24 | $60.2M | $152.4M | ||
| Q3 24 | $67.9M | $233.7M | ||
| Q2 24 | $39.6M | $231.4M | ||
| Q1 24 | $26.6M | $163.9M |
自由现金流DLXUI
| Q4 25 | — | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | $27.8M | $125.2M | ||
| Q1 25 | $24.3M | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | $46.7M | $231.1M | ||
| Q2 24 | $11.4M | $229.5M | ||
| Q1 24 | $6.1M | $160.6M |
自由现金流率DLXUI
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | 5.3% | 16.5% | ||
| Q1 25 | 4.5% | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | 8.8% | 42.0% | ||
| Q2 24 | 2.1% | 45.2% | ||
| Q1 24 | 1.1% | 32.6% |
资本支出强度DLXUI
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 4.5% | 0.7% | ||
| Q1 25 | 4.8% | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 4.0% | 0.5% | ||
| Q2 24 | 5.2% | 0.4% | ||
| Q1 24 | 3.8% | 0.7% |
现金转化率DLXUI
| Q4 25 | 8.53× | 1.13× | ||
| Q3 25 | 1.99× | 0.95× | ||
| Q2 25 | 2.28× | 0.49× | ||
| Q1 25 | 3.59× | 0.68× | ||
| Q4 24 | 4.77× | 1.11× | ||
| Q3 24 | 7.60× | 1.83× | ||
| Q2 24 | 1.94× | 2.23× | ||
| Q1 24 | 2.46× | 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
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
