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Evolent Health, Inc.（EVH）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Evolent Health, Inc.的1.6倍（$814.9M vs $496.2M），Ubiquiti Inc.净利率更高（28.7% vs -5.4%，领先34.0%），Ubiquiti Inc.同比增速更快（35.8% vs 2.6%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -12.4%）
马奎尔健康是一家美国营利性医疗管理企业，目前为森特里奇旗下子公司，核心服务对象为特殊群体，业务聚焦医疗领域多个细分赛道。客户群体涵盖健康保险计划、其他管理式医疗机构、企业、工会、各类军事与政府机构以及第三方管理机构，2021年位列财富美国500强第390名。
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。
EVH vs UI — 直观对比
营收规模更大
UI
是对方的1.6倍
$496.2M
营收增速更快
UI
高出33.2%
2.6%
净利率更高
UI
高出34.0%
-5.4%
两年增速更快
UI
近两年复合增速
-12.4%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $496.2M | $814.9M |
| 净利润 | $-26.6M | $233.6M |
| 毛利率 | 16.9% | 45.9% |
| 营业利润率 | — | 35.9% |
| 净利率 | -5.4% | 28.7% |
| 营收同比 | 2.6% | 35.8% |
| 净利润同比 | — | 70.8% |
| 每股收益（稀释后） | — | $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EVHUI
| Q1 26 | $496.2M | — | ||
| Q4 25 | $468.7M | $814.9M | ||
| Q3 25 | $479.5M | $733.8M | ||
| Q2 25 | $444.3M | $759.2M | ||
| Q1 25 | $483.6M | $664.2M | ||
| Q4 24 | $646.5M | $599.9M | ||
| Q3 24 | $621.4M | $550.3M | ||
| Q2 24 | $647.1M | $507.5M |
净利润EVHUI
| Q1 26 | $-26.6M | — | ||
| Q4 25 | $-429.1M | $233.6M | ||
| Q3 25 | $-20.9M | $207.9M | ||
| Q2 25 | $-19.9M | $266.7M | ||
| Q1 25 | $-64.6M | $180.4M | ||
| Q4 24 | $-22.8M | $136.8M | ||
| Q3 24 | $-23.1M | $128.0M | ||
| Q2 24 | $1.6M | $103.8M |
毛利率EVHUI
| Q1 26 | 16.9% | — | ||
| Q4 25 | 20.7% | 45.9% | ||
| Q3 25 | 20.8% | 46.0% | ||
| Q2 25 | 22.6% | 45.1% | ||
| Q1 25 | 21.2% | 44.5% | ||
| Q4 24 | 11.7% | 41.2% | ||
| Q3 24 | 13.0% | 42.1% | ||
| Q2 24 | 16.5% | 40.2% |
营业利润率EVHUI
| Q1 26 | — | — | ||
| Q4 25 | -87.1% | 35.9% | ||
| Q3 25 | 0.2% | 35.7% | ||
| Q2 25 | -0.3% | 34.4% | ||
| Q1 25 | -0.3% | 34.2% | ||
| Q4 24 | -2.9% | 29.8% | ||
| Q3 24 | -2.6% | 30.7% | ||
| Q2 24 | 1.2% | 27.3% |
净利率EVHUI
| Q1 26 | -5.4% | — | ||
| Q4 25 | -91.6% | 28.7% | ||
| Q3 25 | -4.4% | 28.3% | ||
| Q2 25 | -4.5% | 35.1% | ||
| Q1 25 | -13.4% | 27.2% | ||
| Q4 24 | -3.5% | 22.8% | ||
| Q3 24 | -3.7% | 23.3% | ||
| Q2 24 | 0.2% | 20.5% |
每股收益（稀释后）EVHUI
| Q1 26 | — | — | ||
| Q4 25 | $-3.76 | $3.86 | ||
| Q3 25 | $-0.24 | $3.43 | ||
| Q2 25 | $-0.44 | $4.40 | ||
| Q1 25 | $-0.63 | $2.98 | ||
| Q4 24 | $-0.26 | $2.26 | ||
| Q3 24 | $-0.27 | $2.12 | ||
| Q2 24 | $-0.06 | $1.72 |
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 | $142.0M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $396.4M | $1.0B |
| 总资产 | $1.9B | $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EVHUI
| Q1 26 | $142.0M | — | ||
| Q4 25 | $151.9M | $302.8M | ||
| Q3 25 | $116.7M | $177.2M | ||
| Q2 25 | $151.0M | $149.7M | ||
| Q1 25 | $246.5M | $151.0M | ||
| Q4 24 | $104.2M | $133.1M | ||
| Q3 24 | $96.6M | $165.2M | ||
| Q2 24 | $101.3M | $126.3M |
总债务EVHUI
| Q1 26 | — | — | ||
| 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 |
股东权益EVHUI
| Q1 26 | $396.4M | — | ||
| Q4 25 | $415.2M | $1.0B | ||
| Q3 25 | $842.2M | $828.4M | ||
| Q2 25 | $896.0M | $668.3M | ||
| Q1 25 | $935.5M | $436.1M | ||
| Q4 24 | $1.0B | $290.4M | ||
| Q3 24 | $1.0B | $188.1M | ||
| Q2 24 | $1.1B | $95.1M |
总资产EVHUI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B |
负债/权益比EVHUI
| Q1 26 | — | — | ||
| 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× |
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 | — | $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 | — | 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EVHUI
| Q1 26 | — | — | ||
| Q4 25 | $48.8M | $263.9M | ||
| Q3 25 | $15.8M | $198.5M | ||
| Q2 25 | $-30.3M | $130.4M | ||
| Q1 25 | $4.6M | $123.6M | ||
| Q4 24 | $-26.2M | $152.4M | ||
| Q3 24 | $18.7M | $233.7M | ||
| Q2 24 | $21.4M | $231.4M |
自由现金流EVHUI
| Q1 26 | — | — | ||
| Q4 25 | — | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | — | $125.2M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | — | $231.1M | ||
| Q2 24 | — | $229.5M |
自由现金流率EVHUI
| Q1 26 | — | — | ||
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 42.0% | ||
| Q2 24 | — | 45.2% |
资本支出强度EVHUI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% |
现金转化率EVHUI
| Q1 26 | — | — | ||
| 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 | 13.42× | 2.23× |
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
EVH
| Performance Suite | $323.3M | 65% |
| Specialty Technology and Services Suite | $80.8M | 16% |
| Administrative Services | $49.6M | 10% |
| Cases | $42.6M | 9% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
