vs
HARMONIC INC.（HLIT）与Unusual Machines, Inc.（UMAC）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 -215.7%，领先319.1%）。Unusual Machines, Inc.同比增速更快（144.4% vs -267.6%）。过去两年Unusual Machines, 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。
该公司是一家美国人工智能初创企业，由OpenAI前首席技术官米拉·穆拉蒂创立于2025年2月，总部位于旧金山，为公益企业架构。截至同年7月，该公司已完成由a16z领投的早期融资，英伟达、AMD、思科、简街等投资方共计出资20亿美元，公司整体估值达120亿美元。
HLIT vs UMAC — 直观对比
营收规模更大
UMAC
是对方的-0.1倍
$-53.0M
营收增速更快
UMAC
高出412.0%
-267.6%
净利率更高
HLIT
高出319.1%
-215.7%
两年增速更快
UMAC
近两年复合增速
NaN%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $-53.0M | $4.9M |
| 净利润 | $-54.8M | $-10.6M |
| 毛利率 | 103.3% | 36.2% |
| 营业利润率 | — | -198.7% |
| 净利率 | 103.4% | -215.7% |
| 营收同比 | -267.6% | 144.4% |
| 净利润同比 | -243.8% | 61.0% |
| 每股收益（稀释后） | $-0.48 | $-0.26 |
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HLITUMAC
| Q4 25 | $-53.0M | $4.9M | ||
| Q3 25 | $142.4M | $2.1M | ||
| Q2 25 | $138.0M | $2.1M | ||
| Q1 25 | $133.1M | $2.0M | ||
| Q4 24 | $31.6M | $2.0M | ||
| Q3 24 | $195.8M | $1.5M | ||
| Q2 24 | $138.7M | $1.4M | ||
| Q1 24 | $122.1M | $618.9K |
净利润HLITUMAC
| Q4 25 | $-54.8M | $-10.6M | ||
| Q3 25 | $2.7M | $1.6M | ||
| Q2 25 | $2.9M | $-7.0M | ||
| Q1 25 | $5.9M | $-3.3M | ||
| Q4 24 | $38.1M | $-27.1M | ||
| Q3 24 | $21.7M | $-2.1M | ||
| Q2 24 | $-12.5M | $-1.6M | ||
| Q1 24 | $-8.1M | $-1.1M |
毛利率HLITUMAC
| Q4 25 | 103.3% | 36.2% | ||
| Q3 25 | 54.2% | 39.4% | ||
| Q2 25 | 53.5% | 37.4% | ||
| Q1 25 | 59.0% | 24.3% | ||
| Q4 24 | -3.7% | 27.7% | ||
| Q3 24 | 53.5% | 26.1% | ||
| Q2 24 | 52.9% | 27.5% | ||
| Q1 24 | 51.7% | 33.0% |
营业利润率HLITUMAC
| Q4 25 | — | -198.7% | ||
| Q3 25 | 6.9% | -232.4% | ||
| Q2 25 | 2.8% | -338.5% | ||
| Q1 25 | 7.6% | -160.0% | ||
| Q4 24 | — | -642.3% | ||
| Q3 24 | 18.1% | -95.4% | ||
| Q2 24 | -11.3% | -111.4% | ||
| Q1 24 | -7.8% | -175.5% |
净利率HLITUMAC
| Q4 25 | 103.4% | -215.7% | ||
| Q3 25 | 1.9% | 75.1% | ||
| Q2 25 | 2.1% | -327.9% | ||
| Q1 25 | 4.5% | -159.9% | ||
| Q4 24 | 120.5% | -1353.2% | ||
| Q3 24 | 11.1% | -140.0% | ||
| Q2 24 | -9.0% | -114.3% | ||
| Q1 24 | -6.6% | -178.7% |
每股收益（稀释后）HLITUMAC
| Q4 25 | $-0.48 | $-0.26 | ||
| Q3 25 | $0.02 | $0.05 | ||
| Q2 25 | $0.03 | $-0.32 | ||
| Q1 25 | $0.05 | $-0.21 | ||
| Q4 24 | $0.32 | $-3.20 | ||
| Q3 24 | $0.19 | $-0.30 | ||
| Q2 24 | $-0.11 | $-0.16 | ||
| Q1 24 | $-0.07 | $-0.18 |
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 | $142.5M |
| 总债务越低越好 | $112.1M | — |
| 股东权益账面价值 | $383.2M | $174.9M |
| 总资产 | $718.5M | $182.7M |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资HLITUMAC
| Q4 25 | $124.1M | $142.5M | ||
| Q3 25 | $127.4M | $81.1M | ||
| Q2 25 | $123.9M | $38.9M | ||
| Q1 25 | $148.7M | $5.0M | ||
| Q4 24 | $101.5M | $3.8M | ||
| Q3 24 | $58.2M | $1.7M | ||
| Q2 24 | $45.9M | $2.2M | ||
| Q1 24 | $84.3M | $3.2M |
总债务HLITUMAC
| Q4 25 | $112.1M | — | ||
| Q3 25 | $112.8M | — | ||
| Q2 25 | $113.3M | — | ||
| Q1 25 | $113.8M | — | ||
| Q4 24 | $114.3M | — | ||
| Q3 24 | $114.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HLITUMAC
| Q4 25 | $383.2M | $174.9M | ||
| Q3 25 | $443.0M | $106.0M | ||
| Q2 25 | $446.4M | $51.3M | ||
| Q1 25 | $446.1M | $15.9M | ||
| Q4 24 | $465.3M | $14.8M | ||
| Q3 24 | $428.9M | $19.2M | ||
| Q2 24 | $392.8M | $20.0M | ||
| Q1 24 | $409.2M | $21.2M |
总资产HLITUMAC
| Q4 25 | $718.5M | $182.7M | ||
| Q3 25 | $758.6M | $113.1M | ||
| Q2 25 | $783.3M | $52.4M | ||
| Q1 25 | $773.7M | $17.3M | ||
| Q4 24 | $796.5M | $16.1M | ||
| Q3 24 | $759.9M | $24.5M | ||
| Q2 24 | $713.7M | $25.2M | ||
| Q1 24 | $740.7M | $24.2M |
负债/权益比HLITUMAC
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.25× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-9.8M |
| 自由现金流经营现金流 - 资本支出 | $9.6M | — |
| 自由现金流率自由现金流/营收 | -18.1% | — |
| 资本支出强度资本支出/营收 | -5.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $96.9M | — |
8季度趋势，按日历期对齐
经营现金流HLITUMAC
| Q4 25 | $12.3M | $-9.8M | ||
| Q3 25 | $23.8M | $-7.5M | ||
| Q2 25 | $-11.7M | $-2.7M | ||
| Q1 25 | $83.6M | $-1.2M | ||
| Q4 24 | $48.5M | $-1.3M | ||
| Q3 24 | $8.7M | $-536.7K | ||
| Q2 24 | $-22.2M | $-986.2K | ||
| Q1 24 | $26.8M | $-1.2M |
自由现金流HLITUMAC
| Q4 25 | $9.6M | — | ||
| Q3 25 | $21.0M | $-8.8M | ||
| Q2 25 | $-15.5M | — | ||
| Q1 25 | $81.7M | — | ||
| Q4 24 | $46.2M | — | ||
| Q3 24 | $5.7M | — | ||
| Q2 24 | $-24.1M | — | ||
| Q1 24 | $24.9M | — |
自由现金流率HLITUMAC
| Q4 25 | -18.1% | — | ||
| Q3 25 | 14.8% | -413.2% | ||
| Q2 25 | -11.2% | — | ||
| Q1 25 | 61.4% | — | ||
| Q4 24 | 146.0% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | -17.4% | — | ||
| Q1 24 | 20.4% | — |
资本支出强度HLITUMAC
| Q4 25 | -5.0% | — | ||
| Q3 25 | 1.9% | 60.3% | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 1.5% | 0.0% | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.6% | — |
现金转化率HLITUMAC
| Q4 25 | — | — | ||
| Q3 25 | 8.82× | -4.70× | ||
| Q2 25 | -4.07× | — | ||
| Q1 25 | 14.07× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
