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Elastic N.V.（ESTC）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Elastic N.V.的1.9倍（$814.9M vs $423.5M），Ubiquiti Inc.净利率更高（28.7% vs -12.1%，领先40.8%），Ubiquiti Inc.同比增速更快（35.8% vs 15.9%），Ubiquiti Inc.自由现金流更多（$260.3M vs $26.0M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 13.6%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs UI — 直观对比
营收规模更大
UI
是对方的1.9倍
$423.5M
营收增速更快
UI
高出19.9%
15.9%
净利率更高
UI
高出40.8%
-12.1%
自由现金流更多
UI
多$234.3M
$26.0M
两年增速更快
UI
近两年复合增速
13.6%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $814.9M |
| 净利润 | $-51.3M | $233.6M |
| 毛利率 | 75.9% | 45.9% |
| 营业利润率 | -1.9% | 35.9% |
| 净利率 | -12.1% | 28.7% |
| 营收同比 | 15.9% | 35.8% |
| 净利润同比 | -101.5% | 70.8% |
| 每股收益（稀释后） | $-0.48 | $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ESTCUI
| Q4 25 | $423.5M | $814.9M | ||
| Q3 25 | $415.3M | $733.8M | ||
| Q2 25 | $388.4M | $759.2M | ||
| Q1 25 | $382.1M | $664.2M | ||
| Q4 24 | $365.4M | $599.9M | ||
| Q3 24 | $347.4M | $550.3M | ||
| Q2 24 | $335.0M | $507.5M | ||
| Q1 24 | $328.0M | $493.0M |
净利润ESTCUI
| Q4 25 | $-51.3M | $233.6M | ||
| Q3 25 | $-24.6M | $207.9M | ||
| Q2 25 | $-16.4M | $266.7M | ||
| Q1 25 | $-17.1M | $180.4M | ||
| Q4 24 | $-25.4M | $136.8M | ||
| Q3 24 | $-49.2M | $128.0M | ||
| Q2 24 | $-41.1M | $103.8M | ||
| Q1 24 | $176.1M | $76.3M |
毛利率ESTCUI
| Q4 25 | 75.9% | 45.9% | ||
| Q3 25 | 76.7% | 46.0% | ||
| Q2 25 | 74.8% | 45.1% | ||
| Q1 25 | 74.6% | 44.5% | ||
| Q4 24 | 74.5% | 41.2% | ||
| Q3 24 | 73.6% | 42.1% | ||
| Q2 24 | 73.8% | 40.2% | ||
| Q1 24 | 74.2% | 35.3% |
营业利润率ESTCUI
| Q4 25 | -1.9% | 35.9% | ||
| Q3 25 | -2.3% | 35.7% | ||
| Q2 25 | -3.1% | 34.4% | ||
| Q1 25 | -1.2% | 34.2% | ||
| Q4 24 | -1.2% | 29.8% | ||
| Q3 24 | -9.7% | 30.7% | ||
| Q2 24 | -13.6% | 27.3% | ||
| Q1 24 | -8.1% | 22.6% |
净利率ESTCUI
| Q4 25 | -12.1% | 28.7% | ||
| Q3 25 | -5.9% | 28.3% | ||
| Q2 25 | -4.2% | 35.1% | ||
| Q1 25 | -4.5% | 27.2% | ||
| Q4 24 | -7.0% | 22.8% | ||
| Q3 24 | -14.2% | 23.3% | ||
| Q2 24 | -12.3% | 20.5% | ||
| Q1 24 | 53.7% | 15.5% |
每股收益（稀释后）ESTCUI
| Q4 25 | $-0.48 | $3.86 | ||
| Q3 25 | $-0.23 | $3.43 | ||
| Q2 25 | $-0.15 | $4.40 | ||
| Q1 25 | $-0.16 | $2.98 | ||
| Q4 24 | $-0.25 | $2.26 | ||
| Q3 24 | $-0.48 | $2.12 | ||
| Q2 24 | $-0.35 | $1.72 | ||
| Q1 24 | $1.69 | $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 | $1.4B | $302.8M |
| 总债务越低越好 | $570.3M | $47.5M |
| 股东权益账面价值 | $891.1M | $1.0B |
| 总资产 | $2.5B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ESTCUI
| Q4 25 | $1.4B | $302.8M | ||
| Q3 25 | $1.5B | $177.2M | ||
| Q2 25 | $1.4B | $149.7M | ||
| Q1 25 | $584.0M | $151.0M | ||
| Q4 24 | $658.5M | $133.1M | ||
| Q3 24 | $594.9M | $165.2M | ||
| Q2 24 | $1.1B | $126.3M | ||
| Q1 24 | $526.9M | $102.5M |
总债务ESTCUI
| Q4 25 | $570.3M | $47.5M | ||
| Q3 25 | $570.0M | $133.8M | ||
| Q2 25 | $569.7M | $250.0M | ||
| Q1 25 | $569.4M | $340.0M | ||
| Q4 24 | $569.2M | $406.3M | ||
| Q3 24 | $568.9M | $552.5M | ||
| Q2 24 | $568.6M | $708.1M | ||
| Q1 24 | $568.3M | $877.5M |
股东权益ESTCUI
| Q4 25 | $891.1M | $1.0B | ||
| Q3 25 | $971.4M | $828.4M | ||
| Q2 25 | $927.2M | $668.3M | ||
| Q1 25 | $859.1M | $436.1M | ||
| Q4 24 | $811.5M | $290.4M | ||
| Q3 24 | $759.4M | $188.1M | ||
| Q2 24 | $738.2M | $95.1M | ||
| Q1 24 | $707.8M | $25.9M |
总资产ESTCUI
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.3B | $1.3B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
负债/权益比ESTCUI
| Q4 25 | 0.64× | 0.05× | ||
| Q3 25 | 0.59× | 0.16× | ||
| Q2 25 | 0.61× | 0.37× | ||
| Q1 25 | 0.66× | 0.78× | ||
| Q4 24 | 0.70× | 1.40× | ||
| Q3 24 | 0.75× | 2.94× | ||
| Q2 24 | 0.77× | 7.45× | ||
| Q1 24 | 0.80× | 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 | $26.6M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 6.1% | 31.9% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $302.3M | $699.5M |
8季度趋势，按日历期对齐
经营现金流ESTCUI
| Q4 25 | $26.6M | $263.9M | ||
| Q3 25 | $104.8M | $198.5M | ||
| Q2 25 | $87.0M | $130.4M | ||
| Q1 25 | $88.1M | $123.6M | ||
| Q4 24 | $38.4M | $152.4M | ||
| Q3 24 | $52.8M | $233.7M | ||
| Q2 24 | $60.9M | $231.4M | ||
| Q1 24 | $52.4M | $163.9M |
自由现金流ESTCUI
| Q4 25 | $26.0M | $260.3M | ||
| Q3 25 | $104.2M | $193.3M | ||
| Q2 25 | $84.9M | $125.2M | ||
| Q1 25 | $87.3M | $120.7M | ||
| Q4 24 | $37.7M | $150.4M | ||
| Q3 24 | $52.0M | $231.1M | ||
| Q2 24 | $60.1M | $229.5M | ||
| Q1 24 | $51.3M | $160.6M |
自由现金流率ESTCUI
| Q4 25 | 6.1% | 31.9% | ||
| Q3 25 | 25.1% | 26.3% | ||
| Q2 25 | 21.8% | 16.5% | ||
| Q1 25 | 22.8% | 18.2% | ||
| Q4 24 | 10.3% | 25.1% | ||
| Q3 24 | 15.0% | 42.0% | ||
| Q2 24 | 17.9% | 45.2% | ||
| Q1 24 | 15.6% | 32.6% |
资本支出强度ESTCUI
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | 0.5% | 0.7% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 0.3% | 0.4% | ||
| Q1 24 | 0.3% | 0.7% |
现金转化率ESTCUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | 0.30× | 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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
