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HARMONIC INC.（HLIT）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
HARMONIC INC.净利率更高（103.4% vs 28.7%，领先74.7%）。Ubiquiti Inc.同比增速更快（35.8% vs -267.6%）。Ubiquiti Inc.自由现金流更多（$260.3M vs $9.6M）。过去两年Ubiquiti Inc.的营收复合增速更高（NaN% vs NaN%）
哈莫尼克（Harmonic Inc.）是一家美国科技企业，核心业务为研发并销售视频路由、服务器与存储产品，主要服务对象是从事电视及互联网视频内容生产、处理与分发的企业，在视频基础设施领域拥有深厚的技术积累。
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。
HLIT vs UI — 直观对比
营收规模更大
UI
是对方的-15.4倍
$-53.0M
营收增速更快
UI
高出303.4%
-267.6%
净利率更高
HLIT
高出74.7%
28.7%
自由现金流更多
UI
多$250.7M
$9.6M
两年增速更快
UI
近两年复合增速
NaN%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $-53.0M | $814.9M |
| 净利润 | $-54.8M | $233.6M |
| 毛利率 | 103.3% | 45.9% |
| 营业利润率 | — | 35.9% |
| 净利率 | 103.4% | 28.7% |
| 营收同比 | -267.6% | 35.8% |
| 净利润同比 | -243.8% | 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HLITUI
| Q4 25 | $-53.0M | $814.9M | ||
| Q3 25 | $142.4M | $733.8M | ||
| Q2 25 | $138.0M | $759.2M | ||
| Q1 25 | $133.1M | $664.2M | ||
| Q4 24 | $31.6M | $599.9M | ||
| Q3 24 | $195.8M | $550.3M | ||
| Q2 24 | $138.7M | $507.5M | ||
| Q1 24 | $122.1M | $493.0M |
净利润HLITUI
| Q4 25 | $-54.8M | $233.6M | ||
| Q3 25 | $2.7M | $207.9M | ||
| Q2 25 | $2.9M | $266.7M | ||
| Q1 25 | $5.9M | $180.4M | ||
| Q4 24 | $38.1M | $136.8M | ||
| Q3 24 | $21.7M | $128.0M | ||
| Q2 24 | $-12.5M | $103.8M | ||
| Q1 24 | $-8.1M | $76.3M |
毛利率HLITUI
| Q4 25 | 103.3% | 45.9% | ||
| Q3 25 | 54.2% | 46.0% | ||
| Q2 25 | 53.5% | 45.1% | ||
| Q1 25 | 59.0% | 44.5% | ||
| Q4 24 | -3.7% | 41.2% | ||
| Q3 24 | 53.5% | 42.1% | ||
| Q2 24 | 52.9% | 40.2% | ||
| Q1 24 | 51.7% | 35.3% |
营业利润率HLITUI
| Q4 25 | — | 35.9% | ||
| Q3 25 | 6.9% | 35.7% | ||
| Q2 25 | 2.8% | 34.4% | ||
| Q1 25 | 7.6% | 34.2% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | 18.1% | 30.7% | ||
| Q2 24 | -11.3% | 27.3% | ||
| Q1 24 | -7.8% | 22.6% |
净利率HLITUI
| Q4 25 | 103.4% | 28.7% | ||
| Q3 25 | 1.9% | 28.3% | ||
| Q2 25 | 2.1% | 35.1% | ||
| Q1 25 | 4.5% | 27.2% | ||
| Q4 24 | 120.5% | 22.8% | ||
| Q3 24 | 11.1% | 23.3% | ||
| Q2 24 | -9.0% | 20.5% | ||
| Q1 24 | -6.6% | 15.5% |
每股收益（稀释后）HLITUI
| Q4 25 | $-0.48 | $3.86 | ||
| Q3 25 | $0.02 | $3.43 | ||
| Q2 25 | $0.03 | $4.40 | ||
| Q1 25 | $0.05 | $2.98 | ||
| Q4 24 | $0.32 | $2.26 | ||
| Q3 24 | $0.19 | $2.12 | ||
| Q2 24 | $-0.11 | $1.72 | ||
| Q1 24 | $-0.07 | $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 | $124.1M | $302.8M |
| 总债务越低越好 | $112.1M | $47.5M |
| 股东权益账面价值 | $383.2M | $1.0B |
| 总资产 | $718.5M | $1.6B |
| 负债/权益比越低杠杆越低 | 0.29× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资HLITUI
| Q4 25 | $124.1M | $302.8M | ||
| Q3 25 | $127.4M | $177.2M | ||
| Q2 25 | $123.9M | $149.7M | ||
| Q1 25 | $148.7M | $151.0M | ||
| Q4 24 | $101.5M | $133.1M | ||
| Q3 24 | $58.2M | $165.2M | ||
| Q2 24 | $45.9M | $126.3M | ||
| Q1 24 | $84.3M | $102.5M |
总债务HLITUI
| Q4 25 | $112.1M | $47.5M | ||
| Q3 25 | $112.8M | $133.8M | ||
| Q2 25 | $113.3M | $250.0M | ||
| Q1 25 | $113.8M | $340.0M | ||
| Q4 24 | $114.3M | $406.3M | ||
| Q3 24 | $114.8M | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益HLITUI
| Q4 25 | $383.2M | $1.0B | ||
| Q3 25 | $443.0M | $828.4M | ||
| Q2 25 | $446.4M | $668.3M | ||
| Q1 25 | $446.1M | $436.1M | ||
| Q4 24 | $465.3M | $290.4M | ||
| Q3 24 | $428.9M | $188.1M | ||
| Q2 24 | $392.8M | $95.1M | ||
| Q1 24 | $409.2M | $25.9M |
总资产HLITUI
| Q4 25 | $718.5M | $1.6B | ||
| Q3 25 | $758.6M | $1.5B | ||
| Q2 25 | $783.3M | $1.5B | ||
| Q1 25 | $773.7M | $1.3B | ||
| Q4 24 | $796.5M | $1.2B | ||
| Q3 24 | $759.9M | $1.2B | ||
| Q2 24 | $713.7M | $1.2B | ||
| Q1 24 | $740.7M | $1.2B |
负债/权益比HLITUI
| Q4 25 | 0.29× | 0.05× | ||
| Q3 25 | 0.25× | 0.16× | ||
| Q2 25 | 0.25× | 0.37× | ||
| Q1 25 | 0.26× | 0.78× | ||
| Q4 24 | 0.25× | 1.40× | ||
| Q3 24 | 0.27× | 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 | $12.3M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $9.6M | $260.3M |
| 自由现金流率自由现金流/营收 | -18.1% | 31.9% |
| 资本支出强度资本支出/营收 | -5.0% | 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 | $96.9M | $699.5M |
8季度趋势，按日历期对齐
经营现金流HLITUI
| Q4 25 | $12.3M | $263.9M | ||
| Q3 25 | $23.8M | $198.5M | ||
| Q2 25 | $-11.7M | $130.4M | ||
| Q1 25 | $83.6M | $123.6M | ||
| Q4 24 | $48.5M | $152.4M | ||
| Q3 24 | $8.7M | $233.7M | ||
| Q2 24 | $-22.2M | $231.4M | ||
| Q1 24 | $26.8M | $163.9M |
自由现金流HLITUI
| Q4 25 | $9.6M | $260.3M | ||
| Q3 25 | $21.0M | $193.3M | ||
| Q2 25 | $-15.5M | $125.2M | ||
| Q1 25 | $81.7M | $120.7M | ||
| Q4 24 | $46.2M | $150.4M | ||
| Q3 24 | $5.7M | $231.1M | ||
| Q2 24 | $-24.1M | $229.5M | ||
| Q1 24 | $24.9M | $160.6M |
自由现金流率HLITUI
| Q4 25 | -18.1% | 31.9% | ||
| Q3 25 | 14.8% | 26.3% | ||
| Q2 25 | -11.2% | 16.5% | ||
| Q1 25 | 61.4% | 18.2% | ||
| Q4 24 | 146.0% | 25.1% | ||
| Q3 24 | 2.9% | 42.0% | ||
| Q2 24 | -17.4% | 45.2% | ||
| Q1 24 | 20.4% | 32.6% |
资本支出强度HLITUI
| Q4 25 | -5.0% | 0.4% | ||
| Q3 25 | 1.9% | 0.7% | ||
| Q2 25 | 2.8% | 0.7% | ||
| Q1 25 | 1.4% | 0.4% | ||
| Q4 24 | 7.4% | 0.3% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 1.4% | 0.4% | ||
| Q1 24 | 1.6% | 0.7% |
现金转化率HLITUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | 8.82× | 0.95× | ||
| Q2 25 | -4.07× | 0.49× | ||
| Q1 25 | 14.07× | 0.68× | ||
| Q4 24 | 1.27× | 1.11× | ||
| Q3 24 | 0.40× | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | 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
HLIT
暂无分部数据
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
