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FMC CORP（FMC）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FMC CORP的1.1倍（$814.9M vs $759.0M），Ubiquiti Inc.净利率更高（28.7% vs -37.0%，领先65.7%），Ubiquiti Inc.同比增速更快（35.8% vs -4.0%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-628.1M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -14.5%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
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。
FMC vs UI — 直观对比
营收规模更大
UI
是对方的1.1倍
$759.0M
营收增速更快
UI
高出39.9%
-4.0%
净利率更高
UI
高出65.7%
-37.0%
自由现金流更多
UI
多$888.4M
$-628.1M
两年增速更快
UI
近两年复合增速
-14.5%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $759.0M | $814.9M |
| 净利润 | $-281.2M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | -10.6% | 35.9% |
| 净利率 | -37.0% | 28.7% |
| 营收同比 | -4.0% | 35.8% |
| 净利润同比 | — | 70.8% |
| 每股收益（稀释后） | $-2.25 | $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FMCUI
| Q1 26 | $759.0M | — | ||
| Q4 25 | $1.1B | $814.9M | ||
| Q3 25 | $542.2M | $733.8M | ||
| Q2 25 | $1.1B | $759.2M | ||
| Q1 25 | $791.4M | $664.2M | ||
| Q4 24 | $1.2B | $599.9M | ||
| Q3 24 | $1.1B | $550.3M | ||
| Q2 24 | $1.0B | $507.5M |
净利润FMCUI
| Q1 26 | $-281.2M | — | ||
| Q4 25 | $-1.7B | $233.6M | ||
| Q3 25 | $-569.3M | $207.9M | ||
| Q2 25 | $66.7M | $266.7M | ||
| Q1 25 | $-15.5M | $180.4M | ||
| Q4 24 | $-16.3M | $136.8M | ||
| Q3 24 | $65.0M | $128.0M | ||
| Q2 24 | $295.1M | $103.8M |
毛利率FMCUI
| Q1 26 | — | — | ||
| Q4 25 | 39.8% | 45.9% | ||
| Q3 25 | 23.8% | 46.0% | ||
| Q2 25 | 38.7% | 45.1% | ||
| Q1 25 | 40.0% | 44.5% | ||
| Q4 24 | 42.9% | 41.2% | ||
| Q3 24 | 36.3% | 42.1% | ||
| Q2 24 | 38.3% | 40.2% |
营业利润率FMCUI
| Q1 26 | -10.6% | — | ||
| Q4 25 | -130.8% | 35.9% | ||
| Q3 25 | -73.1% | 35.7% | ||
| Q2 25 | 12.0% | 34.4% | ||
| Q1 25 | 7.4% | 34.2% | ||
| Q4 24 | 19.2% | 29.8% | ||
| Q3 24 | 12.7% | 30.7% | ||
| Q2 24 | 6.0% | 27.3% |
净利率FMCUI
| Q1 26 | -37.0% | — | ||
| Q4 25 | -158.8% | 28.7% | ||
| Q3 25 | -105.0% | 28.3% | ||
| Q2 25 | 6.3% | 35.1% | ||
| Q1 25 | -2.0% | 27.2% | ||
| Q4 24 | -1.3% | 22.8% | ||
| Q3 24 | 6.1% | 23.3% | ||
| Q2 24 | 28.4% | 20.5% |
每股收益（稀释后）FMCUI
| Q1 26 | $-2.25 | — | ||
| Q4 25 | $-13.77 | $3.86 | ||
| Q3 25 | $-4.52 | $3.43 | ||
| Q2 25 | $0.53 | $4.40 | ||
| Q1 25 | $-0.12 | $2.98 | ||
| Q4 24 | $-0.13 | $2.26 | ||
| Q3 24 | $0.52 | $2.12 | ||
| Q2 24 | $2.35 | $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 | $390.9M | $302.8M |
| 总债务越低越好 | $2.8B | $47.5M |
| 股东权益账面价值 | $1.8B | $1.0B |
| 总资产 | $9.4B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资FMCUI
| Q1 26 | $390.9M | — | ||
| Q4 25 | $584.5M | $302.8M | ||
| Q3 25 | $497.7M | $177.2M | ||
| Q2 25 | $438.2M | $149.7M | ||
| Q1 25 | $315.3M | $151.0M | ||
| Q4 24 | $357.3M | $133.1M | ||
| Q3 24 | $416.7M | $165.2M | ||
| Q2 24 | $471.5M | $126.3M |
总债务FMCUI
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.4B | $47.5M | ||
| Q3 25 | $3.4B | $133.8M | ||
| Q2 25 | $3.4B | $250.0M | ||
| Q1 25 | $3.1B | $340.0M | ||
| Q4 24 | $3.1B | $406.3M | ||
| Q3 24 | $3.1B | $552.5M | ||
| Q2 24 | $3.1B | $708.1M |
股东权益FMCUI
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $3.8B | $828.4M | ||
| Q2 25 | $4.4B | $668.3M | ||
| Q1 25 | $4.4B | $436.1M | ||
| Q4 24 | $4.5B | $290.4M | ||
| Q3 24 | $4.6B | $188.1M | ||
| Q2 24 | $4.6B | $95.1M |
总资产FMCUI
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.7B | $1.6B | ||
| Q3 25 | $12.1B | $1.5B | ||
| Q2 25 | $12.3B | $1.5B | ||
| Q1 25 | $11.8B | $1.3B | ||
| Q4 24 | $11.7B | $1.2B | ||
| Q3 24 | $12.2B | $1.2B | ||
| Q2 24 | $12.1B | $1.2B |
负债/权益比FMCUI
| Q1 26 | 1.50× | — | ||
| Q4 25 | 1.62× | 0.05× | ||
| Q3 25 | 0.89× | 0.16× | ||
| Q2 25 | 0.76× | 0.37× | ||
| Q1 25 | 0.71× | 0.78× | ||
| Q4 24 | 0.69× | 1.40× | ||
| Q3 24 | 0.68× | 2.94× | ||
| Q2 24 | 0.68× | 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 | $-628.1M | $260.3M |
| 自由现金流率自由现金流/营收 | -82.8% | 31.9% |
| 资本支出强度资本支出/营收 | 2.2% | 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 | $-154.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流FMCUI
| Q1 26 | — | — | ||
| Q4 25 | $657.1M | $263.9M | ||
| Q3 25 | $-184.2M | $198.5M | ||
| Q2 25 | $65.9M | $130.4M | ||
| Q1 25 | $-545.0M | $123.6M | ||
| Q4 24 | $427.9M | $152.4M | ||
| Q3 24 | $159.5M | $233.7M | ||
| Q2 24 | $292.2M | $231.4M |
自由现金流FMCUI
| Q1 26 | $-628.1M | — | ||
| Q4 25 | $631.1M | $260.3M | ||
| Q3 25 | $-207.9M | $193.3M | ||
| Q2 25 | $50.9M | $125.2M | ||
| Q1 25 | $-576.6M | $120.7M | ||
| Q4 24 | $406.3M | $150.4M | ||
| Q3 24 | $143.8M | $231.1M | ||
| Q2 24 | $282.3M | $229.5M |
自由现金流率FMCUI
| Q1 26 | -82.8% | — | ||
| Q4 25 | 58.3% | 31.9% | ||
| Q3 25 | -38.3% | 26.3% | ||
| Q2 25 | 4.8% | 16.5% | ||
| Q1 25 | -72.9% | 18.2% | ||
| Q4 24 | 33.2% | 25.1% | ||
| Q3 24 | 13.5% | 42.0% | ||
| Q2 24 | 27.2% | 45.2% |
资本支出强度FMCUI
| Q1 26 | 2.2% | — | ||
| Q4 25 | 2.4% | 0.4% | ||
| Q3 25 | 4.4% | 0.7% | ||
| Q2 25 | 1.4% | 0.7% | ||
| Q1 25 | 4.0% | 0.4% | ||
| Q4 24 | 1.8% | 0.3% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 1.0% | 0.4% |
现金转化率FMCUI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | 0.99× | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 2.45× | 1.83× | ||
| Q2 24 | 0.99× | 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
FMC
| EMEA | $307.0M | 40% |
| North America | $198.0M | 26% |
| Latin America | $177.0M | 23% |
| Asia (excluding 2026 India) 1 | $81.0M | 11% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
