vs
盖尔斯（GES）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.的季度营收约是盖尔斯的1.0倍（$814.9M vs $791.4M），Ubiquiti Inc.净利率更高（28.7% vs 3.2%，领先25.4%），Ubiquiti Inc.同比增速更快（35.8% vs 7.2%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-56.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -5.8%）
盖尔斯是美国知名服饰品牌企业，以标志性的黑白风格广告广为人知。除核心服饰产品外，品牌还通过品牌授权模式推出腕表、珠宝、香水、包袋、鞋履等各类时尚配饰，在全球时尚消费市场拥有较高知名度。
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。
GES vs UI — 直观对比
营收规模更大
UI
是对方的1.0倍
$791.4M
营收增速更快
UI
高出28.7%
7.2%
净利率更高
UI
高出25.4%
3.2%
自由现金流更多
UI
多$316.6M
$-56.3M
两年增速更快
UI
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $791.4M | $814.9M |
| 净利润 | $25.6M | $233.6M |
| 毛利率 | 42.5% | 45.9% |
| 营业利润率 | 2.9% | 35.9% |
| 净利率 | 3.2% | 28.7% |
| 营收同比 | 7.2% | 35.8% |
| 净利润同比 | 209.6% | 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GESUI
| Q4 25 | $791.4M | $814.9M | ||
| Q3 25 | $772.9M | $733.8M | ||
| Q2 25 | $647.8M | $759.2M | ||
| Q1 25 | $932.3M | $664.2M | ||
| Q4 24 | $738.5M | $599.9M | ||
| Q3 24 | $732.6M | $550.3M | ||
| Q2 24 | $591.9M | $507.5M | ||
| Q1 24 | $891.0M | $493.0M |
净利润GESUI
| Q4 25 | $25.6M | $233.6M | ||
| Q3 25 | $6.2M | $207.9M | ||
| Q2 25 | $-32.9M | $266.7M | ||
| Q1 25 | $81.4M | $180.4M | ||
| Q4 24 | $-23.4M | $136.8M | ||
| Q3 24 | $-10.6M | $128.0M | ||
| Q2 24 | $13.0M | $103.8M | ||
| Q1 24 | $115.3M | $76.3M |
毛利率GESUI
| Q4 25 | 42.5% | 45.9% | ||
| Q3 25 | 42.5% | 46.0% | ||
| Q2 25 | 39.9% | 45.1% | ||
| Q1 25 | 44.1% | 44.5% | ||
| Q4 24 | 43.6% | 41.2% | ||
| Q3 24 | 43.7% | 42.1% | ||
| Q2 24 | 41.9% | 40.2% | ||
| Q1 24 | 45.4% | 35.3% |
营业利润率GESUI
| Q4 25 | 2.9% | 35.9% | ||
| Q3 25 | 2.3% | 35.7% | ||
| Q2 25 | -5.1% | 34.4% | ||
| Q1 25 | 11.1% | 34.2% | ||
| Q4 24 | 5.7% | 29.8% | ||
| Q3 24 | 6.5% | 30.7% | ||
| Q2 24 | -3.4% | 27.3% | ||
| Q1 24 | 16.3% | 22.6% |
净利率GESUI
| Q4 25 | 3.2% | 28.7% | ||
| Q3 25 | 0.8% | 28.3% | ||
| Q2 25 | -5.1% | 35.1% | ||
| Q1 25 | 8.7% | 27.2% | ||
| Q4 24 | -3.2% | 22.8% | ||
| Q3 24 | -1.4% | 23.3% | ||
| Q2 24 | 2.2% | 20.5% | ||
| Q1 24 | 12.9% | 15.5% |
每股收益（稀释后）GESUI
| Q4 25 | $0.48 | $3.86 | ||
| Q3 25 | $0.12 | $3.43 | ||
| Q2 25 | $-0.65 | $4.40 | ||
| Q1 25 | $1.29 | $2.98 | ||
| Q4 24 | $-0.47 | $2.26 | ||
| Q3 24 | $-0.28 | $2.12 | ||
| Q2 24 | $0.23 | $1.72 | ||
| Q1 24 | $1.90 | $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 | $154.2M | $302.8M |
| 总债务越低越好 | $299.5M | $47.5M |
| 股东权益账面价值 | $508.5M | $1.0B |
| 总资产 | $3.0B | $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GESUI
| Q4 25 | $154.2M | $302.8M | ||
| Q3 25 | $189.6M | $177.2M | ||
| Q2 25 | $151.2M | $149.7M | ||
| Q1 25 | $187.7M | $151.0M | ||
| Q4 24 | $140.9M | $133.1M | ||
| Q3 24 | $218.9M | $165.2M | ||
| Q2 24 | $241.7M | $126.3M | ||
| Q1 24 | $360.3M | $102.5M |
总债务GESUI
| Q4 25 | $299.5M | $47.5M | ||
| Q3 25 | $258.4M | $133.8M | ||
| Q2 25 | $241.7M | $250.0M | ||
| Q1 25 | $150.7M | $340.0M | ||
| Q4 24 | $238.3M | $406.3M | ||
| Q3 24 | $187.8M | $552.5M | ||
| Q2 24 | $196.9M | $708.1M | ||
| Q1 24 | $28.2M | $877.5M |
股东权益GESUI
| Q4 25 | $508.5M | $1.0B | ||
| Q3 25 | $487.6M | $828.4M | ||
| Q2 25 | $483.6M | $668.3M | ||
| Q1 25 | $505.0M | $436.1M | ||
| Q4 24 | $450.7M | $290.4M | ||
| Q3 24 | $491.2M | $188.1M | ||
| Q2 24 | $565.5M | $95.1M | ||
| Q1 24 | $684.9M | $25.9M |
总资产GESUI
| Q4 25 | $3.0B | $1.6B | ||
| Q3 25 | $3.0B | $1.5B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $2.8B | $1.3B | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $2.8B | $1.2B | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | $2.6B | $1.2B |
负债/权益比GESUI
| Q4 25 | 0.59× | 0.05× | ||
| Q3 25 | 0.53× | 0.16× | ||
| Q2 25 | 0.50× | 0.37× | ||
| Q1 25 | 0.30× | 0.78× | ||
| Q4 24 | 0.53× | 1.40× | ||
| Q3 24 | 0.38× | 2.94× | ||
| Q2 24 | 0.35× | 7.45× | ||
| Q1 24 | 0.04× | 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 | $-39.5M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $-56.3M | $260.3M |
| 自由现金流率自由现金流/营收 | -7.1% | 31.9% |
| 资本支出强度资本支出/营收 | 2.1% | 0.4% |
| 现金转化率经营现金流/净利润 | -1.54× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $62.5M | $699.5M |
8季度趋势，按日历期对齐
经营现金流GESUI
| Q4 25 | $-39.5M | $263.9M | ||
| Q3 25 | $74.9M | $198.5M | ||
| Q2 25 | $-73.4M | $130.4M | ||
| Q1 25 | $183.2M | $123.6M | ||
| Q4 24 | $-83.3M | $152.4M | ||
| Q3 24 | $44.7M | $233.7M | ||
| Q2 24 | $-22.9M | $231.4M | ||
| Q1 24 | $289.5M | $163.9M |
自由现金流GESUI
| Q4 25 | $-56.3M | $260.3M | ||
| Q3 25 | $53.4M | $193.3M | ||
| Q2 25 | $-95.3M | $125.2M | ||
| Q1 25 | $160.7M | $120.7M | ||
| Q4 24 | $-105.4M | $150.4M | ||
| Q3 24 | $24.3M | $231.1M | ||
| Q2 24 | $-44.0M | $229.5M | ||
| Q1 24 | $267.8M | $160.6M |
自由现金流率GESUI
| Q4 25 | -7.1% | 31.9% | ||
| Q3 25 | 6.9% | 26.3% | ||
| Q2 25 | -14.7% | 16.5% | ||
| Q1 25 | 17.2% | 18.2% | ||
| Q4 24 | -14.3% | 25.1% | ||
| Q3 24 | 3.3% | 42.0% | ||
| Q2 24 | -7.4% | 45.2% | ||
| Q1 24 | 30.1% | 32.6% |
资本支出强度GESUI
| Q4 25 | 2.1% | 0.4% | ||
| Q3 25 | 2.8% | 0.7% | ||
| Q2 25 | 3.4% | 0.7% | ||
| Q1 25 | 2.4% | 0.4% | ||
| Q4 24 | 3.0% | 0.3% | ||
| Q3 24 | 2.8% | 0.5% | ||
| Q2 24 | 3.6% | 0.4% | ||
| Q1 24 | 2.4% | 0.7% |
现金转化率GESUI
| Q4 25 | -1.54× | 1.13× | ||
| Q3 25 | 12.00× | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | 2.25× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | -1.76× | 2.23× | ||
| Q1 24 | 2.51× | 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
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
