vs
Shift4 Payments, Inc.（FOUR）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Shift4 Payments, Inc.的季度营收约是Ubiquiti Inc.的1.5倍（$1.2B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 3.4%，领先25.3%），Ubiquiti Inc.同比增速更快（35.8% vs 34.0%），Ubiquiti Inc.自由现金流更多（$260.3M vs $222.5M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 28.6%）
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
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。
FOUR vs UI — 直观对比
营收规模更大
FOUR
是对方的1.5倍
$814.9M
营收增速更快
UI
高出1.8%
34.0%
净利率更高
UI
高出25.3%
3.4%
自由现金流更多
UI
多$37.8M
$222.5M
两年增速更快
FOUR
近两年复合增速
28.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $814.9M |
| 净利润 | $40.2M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 10.8% | 35.9% |
| 净利率 | 3.4% | 28.7% |
| 营收同比 | 34.0% | 35.8% |
| 净利润同比 | -65.3% | 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FOURUI
| Q4 25 | $1.2B | $814.9M | ||
| Q3 25 | $1.2B | $733.8M | ||
| Q2 25 | $966.2M | $759.2M | ||
| Q1 25 | $848.3M | $664.2M | ||
| Q4 24 | $887.0M | $599.9M | ||
| Q3 24 | $909.2M | $550.3M | ||
| Q2 24 | $827.0M | $507.5M | ||
| Q1 24 | $707.4M | $493.0M |
净利润FOURUI
| Q4 25 | $40.2M | $233.6M | ||
| Q3 25 | $28.1M | $207.9M | ||
| Q2 25 | $34.0M | $266.7M | ||
| Q1 25 | $16.7M | $180.4M | ||
| Q4 24 | $116.0M | $136.8M | ||
| Q3 24 | $53.8M | $128.0M | ||
| Q2 24 | $39.2M | $103.8M | ||
| Q1 24 | $20.6M | $76.3M |
毛利率FOURUI
| 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FOURUI
| Q4 25 | 10.8% | 35.9% | ||
| Q3 25 | 9.7% | 35.7% | ||
| Q2 25 | 8.6% | 34.4% | ||
| Q1 25 | 3.0% | 34.2% | ||
| Q4 24 | 9.7% | 29.8% | ||
| Q3 24 | 8.8% | 30.7% | ||
| Q2 24 | 7.2% | 27.3% | ||
| Q1 24 | 3.0% | 22.6% |
净利率FOURUI
| Q4 25 | 3.4% | 28.7% | ||
| Q3 25 | 2.4% | 28.3% | ||
| Q2 25 | 3.5% | 35.1% | ||
| Q1 25 | 2.0% | 27.2% | ||
| Q4 24 | 13.1% | 22.8% | ||
| Q3 24 | 5.9% | 23.3% | ||
| Q2 24 | 4.7% | 20.5% | ||
| Q1 24 | 2.9% | 15.5% |
每股收益（稀释后）FOURUI
| Q4 25 | — | $3.86 | ||
| Q3 25 | — | $3.43 | ||
| Q2 25 | — | $4.40 | ||
| Q1 25 | — | $2.98 | ||
| Q4 24 | — | $2.26 | ||
| Q3 24 | — | $2.12 | ||
| Q2 24 | — | $1.72 | ||
| Q1 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 | $964.0M | $302.8M |
| 总债务越低越好 | $4.5B | $47.5M |
| 股东权益账面价值 | $1.4B | $1.0B |
| 总资产 | $8.7B | $1.6B |
| 负债/权益比越低杠杆越低 | 3.15× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资FOURUI
| Q4 25 | $964.0M | $302.8M | ||
| Q3 25 | $1.5B | $177.2M | ||
| Q2 25 | $3.0B | $149.7M | ||
| Q1 25 | $1.2B | $151.0M | ||
| Q4 24 | $1.2B | $133.1M | ||
| Q3 24 | $1.4B | $165.2M | ||
| Q2 24 | $205.0M | $126.3M | ||
| Q1 24 | $522.9M | $102.5M |
总债务FOURUI
| Q4 25 | $4.5B | $47.5M | ||
| Q3 25 | $4.7B | $133.8M | ||
| Q2 25 | $3.7B | $250.0M | ||
| Q1 25 | $2.8B | $340.0M | ||
| Q4 24 | $2.8B | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益FOURUI
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.7B | $828.4M | ||
| Q2 25 | $1.6B | $668.3M | ||
| Q1 25 | $805.2M | $436.1M | ||
| Q4 24 | $806.6M | $290.4M | ||
| Q3 24 | $811.8M | $188.1M | ||
| Q2 24 | $700.8M | $95.1M | ||
| Q1 24 | $674.5M | $25.9M |
总资产FOURUI
| Q4 25 | $8.7B | $1.6B | ||
| Q3 25 | $9.0B | $1.5B | ||
| Q2 25 | $7.0B | $1.5B | ||
| Q1 25 | $5.0B | $1.3B | ||
| Q4 24 | $5.0B | $1.2B | ||
| Q3 24 | $5.0B | $1.2B | ||
| Q2 24 | $3.5B | $1.2B | ||
| Q1 24 | $3.4B | $1.2B |
负债/权益比FOURUI
| Q4 25 | 3.15× | 0.05× | ||
| Q3 25 | 2.83× | 0.16× | ||
| Q2 25 | 2.34× | 0.37× | ||
| Q1 25 | 3.53× | 0.78× | ||
| Q4 24 | 3.52× | 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 | $223.7M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $260.3M |
| 自由现金流率自由现金流/营收 | 18.7% | 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 | 5.56× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $624.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流FOURUI
| Q4 25 | $223.7M | $263.9M | ||
| Q3 25 | $171.8M | $198.5M | ||
| Q2 25 | $141.9M | $130.4M | ||
| Q1 25 | $96.6M | $123.6M | ||
| Q4 24 | $145.4M | $152.4M | ||
| Q3 24 | $182.1M | $233.7M | ||
| Q2 24 | $116.1M | $231.4M | ||
| Q1 24 | $56.7M | $163.9M |
自由现金流FOURUI
| Q4 25 | $222.5M | $260.3M | ||
| Q3 25 | $165.4M | $193.3M | ||
| Q2 25 | $141.0M | $125.2M | ||
| Q1 25 | $95.1M | $120.7M | ||
| Q4 24 | $143.8M | $150.4M | ||
| Q3 24 | $180.1M | $231.1M | ||
| Q2 24 | $113.9M | $229.5M | ||
| Q1 24 | $55.4M | $160.6M |
自由现金流率FOURUI
| Q4 25 | 18.7% | 31.9% | ||
| Q3 25 | 14.1% | 26.3% | ||
| Q2 25 | 14.6% | 16.5% | ||
| Q1 25 | 11.2% | 18.2% | ||
| Q4 24 | 16.2% | 25.1% | ||
| Q3 24 | 19.8% | 42.0% | ||
| Q2 24 | 13.8% | 45.2% | ||
| Q1 24 | 7.8% | 32.6% |
资本支出强度FOURUI
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.5% | 0.7% | ||
| Q2 25 | 0.1% | 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 | 0.2% | 0.7% |
现金转化率FOURUI
| Q4 25 | 5.56× | 1.13× | ||
| Q3 25 | 6.11× | 0.95× | ||
| Q2 25 | 4.17× | 0.49× | ||
| Q1 25 | 5.78× | 0.68× | ||
| Q4 24 | 1.25× | 1.11× | ||
| Q3 24 | 3.38× | 1.83× | ||
| Q2 24 | 2.96× | 2.23× | ||
| Q1 24 | 2.75× | 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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
