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Fidelity National Financial, Inc.（FNF）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Fidelity National Financial, Inc.的1.5倍（$814.9M vs $544.0M），Ubiquiti Inc.净利率更高（28.7% vs -21.5%，领先50.2%），Ubiquiti Inc.同比增速更快（35.8% vs 10.3%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 13.7%）
富达国民金融是美国财富500强企业，主要面向房地产与抵押贷款行业提供产权保险及交割服务，2019年其产权及房地产业务相关年度营收约为84.69亿美元，是全球领先的产权保险服务供应商。
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。
FNF vs UI — 直观对比
营收规模更大
UI
是对方的1.5倍
$544.0M
营收增速更快
UI
高出25.5%
10.3%
净利率更高
UI
高出50.2%
-21.5%
两年增速更快
UI
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $814.9M |
| 净利润 | $-117.0M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 82.9% | 35.9% |
| 净利率 | -21.5% | 28.7% |
| 营收同比 | 10.3% | 35.8% |
| 净利润同比 | -126.0% | 70.8% |
| 每股收益（稀释后） | $-0.44 | $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FNFUI
| Q4 25 | $544.0M | $814.9M | ||
| Q3 25 | $553.0M | $733.8M | ||
| Q2 25 | $547.0M | $759.2M | ||
| Q1 25 | $455.0M | $664.2M | ||
| Q4 24 | $493.0M | $599.9M | ||
| Q3 24 | $506.0M | $550.3M | ||
| Q2 24 | $504.0M | $507.5M | ||
| Q1 24 | $421.0M | $493.0M |
净利润FNFUI
| Q4 25 | $-117.0M | $233.6M | ||
| Q3 25 | $358.0M | $207.9M | ||
| Q2 25 | $278.0M | $266.7M | ||
| Q1 25 | $83.0M | $180.4M | ||
| Q4 24 | $450.0M | $136.8M | ||
| Q3 24 | $266.0M | $128.0M | ||
| Q2 24 | $306.0M | $103.8M | ||
| Q1 24 | $248.0M | $76.3M |
毛利率FNFUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率FNFUI
| Q4 25 | 82.9% | 35.9% | ||
| Q3 25 | 81.9% | 35.7% | ||
| Q2 25 | 69.8% | 34.4% | ||
| Q1 25 | 24.4% | 34.2% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | 61.9% | 30.7% | ||
| Q2 24 | 90.9% | 27.3% | ||
| Q1 24 | 78.6% | 22.6% |
净利率FNFUI
| Q4 25 | -21.5% | 28.7% | ||
| Q3 25 | 64.7% | 28.3% | ||
| Q2 25 | 50.8% | 35.1% | ||
| Q1 25 | 18.2% | 27.2% | ||
| Q4 24 | 91.3% | 22.8% | ||
| Q3 24 | 52.6% | 23.3% | ||
| Q2 24 | 60.7% | 20.5% | ||
| Q1 24 | 58.9% | 15.5% |
每股收益（稀释后）FNFUI
| Q4 25 | $-0.44 | $3.86 | ||
| Q3 25 | $1.33 | $3.43 | ||
| Q2 25 | $1.02 | $4.40 | ||
| Q1 25 | $0.30 | $2.98 | ||
| Q4 24 | $1.65 | $2.26 | ||
| Q3 24 | $0.97 | $2.12 | ||
| Q2 24 | $1.12 | $1.72 | ||
| Q1 24 | $0.91 | $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 | $2.6B | $302.8M |
| 总债务越低越好 | $4.4B | $47.5M |
| 股东权益账面价值 | $7.4B | $1.0B |
| 总资产 | $109.0B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资FNFUI
| Q4 25 | $2.6B | $302.8M | ||
| Q3 25 | $3.5B | $177.2M | ||
| Q2 25 | $3.3B | $149.7M | ||
| Q1 25 | $4.5B | $151.0M | ||
| Q4 24 | $3.5B | $133.1M | ||
| Q3 24 | $5.0B | $165.2M | ||
| Q2 24 | $4.9B | $126.3M | ||
| Q1 24 | $3.5B | $102.5M |
总债务FNFUI
| Q4 25 | $4.4B | $47.5M | ||
| Q3 25 | $4.4B | $133.8M | ||
| Q2 25 | $4.4B | $250.0M | ||
| Q1 25 | $4.4B | $340.0M | ||
| Q4 24 | $4.3B | $406.3M | ||
| Q3 24 | $4.2B | $552.5M | ||
| Q2 24 | $4.2B | $708.1M | ||
| Q1 24 | $3.9B | $877.5M |
股东权益FNFUI
| Q4 25 | $7.4B | $1.0B | ||
| Q3 25 | $8.4B | $828.4M | ||
| Q2 25 | $7.9B | $668.3M | ||
| Q1 25 | $7.9B | $436.1M | ||
| Q4 24 | $7.8B | $290.4M | ||
| Q3 24 | $8.1B | $188.1M | ||
| Q2 24 | $7.3B | $95.1M | ||
| Q1 24 | $7.1B | $25.9M |
总资产FNFUI
| Q4 25 | $109.0B | $1.6B | ||
| Q3 25 | $106.6B | $1.5B | ||
| Q2 25 | $102.3B | $1.5B | ||
| Q1 25 | $98.2B | $1.3B | ||
| Q4 24 | $95.4B | $1.2B | ||
| Q3 24 | $94.7B | $1.2B | ||
| Q2 24 | $88.8B | $1.2B | ||
| Q1 24 | $84.5B | $1.2B |
负债/权益比FNFUI
| Q4 25 | 0.59× | 0.05× | ||
| Q3 25 | 0.53× | 0.16× | ||
| Q2 25 | 0.56× | 0.37× | ||
| Q1 25 | 0.56× | 0.78× | ||
| Q4 24 | 0.56× | 1.40× | ||
| Q3 24 | 0.52× | 2.94× | ||
| Q2 24 | 0.58× | 7.45× | ||
| Q1 24 | 0.55× | 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 | $1.5B | $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FNFUI
| Q4 25 | $1.5B | $263.9M | ||
| Q3 25 | $1.3B | $198.5M | ||
| Q2 25 | $1.9B | $130.4M | ||
| Q1 25 | $1.1B | $123.6M | ||
| Q4 24 | $1.5B | $152.4M | ||
| Q3 24 | $2.4B | $233.7M | ||
| Q2 24 | $1.4B | $231.4M | ||
| Q1 24 | $1.6B | $163.9M |
自由现金流FNFUI
| 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 | ||
| Q1 24 | — | $160.6M |
自由现金流率FNFUI
| 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% | ||
| Q1 24 | — | 32.6% |
资本支出强度FNFUI
| 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% | ||
| Q1 24 | — | 0.7% |
现金转化率FNFUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | 3.66× | 0.95× | ||
| Q2 25 | 6.82× | 0.49× | ||
| Q1 25 | 13.43× | 0.68× | ||
| Q4 24 | 3.32× | 1.11× | ||
| Q3 24 | 8.89× | 1.83× | ||
| Q2 24 | 4.45× | 2.23× | ||
| Q1 24 | 6.42× | 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
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
