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IAC Inc.（IAC）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IAC Inc.的1.9倍（$814.9M vs $422.9M），Ubiquiti Inc.净利率更高（28.7% vs -17.0%，领先45.7%），Ubiquiti Inc.同比增速更快（35.8% vs -12.2%），Ubiquiti Inc.自由现金流更多（$260.3M vs $2.0M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -18.4%）
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
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。
IAC vs UI — 直观对比
营收规模更大
UI
是对方的1.9倍
$422.9M
营收增速更快
UI
高出48.0%
-12.2%
净利率更高
UI
高出45.7%
-17.0%
自由现金流更多
UI
多$258.3M
$2.0M
两年增速更快
UI
近两年复合增速
-18.4%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $422.9M | $814.9M |
| 净利润 | $-71.9M | $233.6M |
| 毛利率 | 99.9% | 45.9% |
| 营业利润率 | — | 35.9% |
| 净利率 | -17.0% | 28.7% |
| 营收同比 | -12.2% | 35.8% |
| 净利润同比 | 67.1% | 70.8% |
| 每股收益（稀释后） | $-0.94 | $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IACUI
| Q1 26 | $422.9M | — | ||
| Q4 25 | $646.0M | $814.9M | ||
| Q3 25 | $589.8M | $733.8M | ||
| Q2 25 | $586.9M | $759.2M | ||
| Q1 25 | $570.5M | $664.2M | ||
| Q4 24 | $721.4M | $599.9M | ||
| Q3 24 | $642.0M | $550.3M | ||
| Q2 24 | $634.4M | $507.5M |
净利润IACUI
| Q1 26 | $-71.9M | — | ||
| Q4 25 | $-76.8M | $233.6M | ||
| Q3 25 | $-21.9M | $207.9M | ||
| Q2 25 | $211.5M | $266.7M | ||
| Q1 25 | $-216.8M | $180.4M | ||
| Q4 24 | $-199.0M | $136.8M | ||
| Q3 24 | $-243.7M | $128.0M | ||
| Q2 24 | $-142.2M | $103.8M |
毛利率IACUI
| Q1 26 | 99.9% | — | ||
| Q4 25 | 69.8% | 45.9% | ||
| Q3 25 | 64.8% | 46.0% | ||
| Q2 25 | 65.6% | 45.1% | ||
| Q1 25 | 64.0% | 44.5% | ||
| Q4 24 | 65.8% | 41.2% | ||
| Q3 24 | 62.1% | 42.1% | ||
| Q2 24 | 60.1% | 40.2% |
营业利润率IACUI
| Q1 26 | — | — | ||
| Q4 25 | -17.5% | 35.9% | ||
| Q3 25 | -3.5% | 35.7% | ||
| Q2 25 | 0.1% | 34.4% | ||
| Q1 25 | 6.3% | 34.2% | ||
| Q4 24 | 6.7% | 29.8% | ||
| Q3 24 | 1.3% | 30.7% | ||
| Q2 24 | -3.4% | 27.3% |
净利率IACUI
| Q1 26 | -17.0% | — | ||
| Q4 25 | -11.9% | 28.7% | ||
| Q3 25 | -3.7% | 28.3% | ||
| Q2 25 | 36.0% | 35.1% | ||
| Q1 25 | -38.0% | 27.2% | ||
| Q4 24 | -27.6% | 22.8% | ||
| Q3 24 | -38.0% | 23.3% | ||
| Q2 24 | -22.4% | 20.5% |
每股收益（稀释后）IACUI
| Q1 26 | $-0.94 | — | ||
| Q4 25 | $-0.96 | $3.86 | ||
| Q3 25 | $-0.27 | $3.43 | ||
| Q2 25 | $2.57 | $4.40 | ||
| Q1 25 | $-2.64 | $2.98 | ||
| Q4 24 | $-2.36 | $2.26 | ||
| Q3 24 | $-2.93 | $2.12 | ||
| Q2 24 | $-1.71 | $1.72 |
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 | $1.1B | $302.8M |
| 总债务越低越好 | $24.5M | $47.5M |
| 股东权益账面价值 | $4.6B | $1.0B |
| 总资产 | $6.8B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.01× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资IACUI
| Q1 26 | $1.1B | — | ||
| Q4 25 | $960.2M | $302.8M | ||
| Q3 25 | $1.0B | $177.2M | ||
| Q2 25 | $1.1B | $149.7M | ||
| Q1 25 | $1.2B | $151.0M | ||
| Q4 24 | $1.4B | $133.1M | ||
| Q3 24 | $1.3B | $165.2M | ||
| Q2 24 | $1.3B | $126.3M |
总债务IACUI
| Q1 26 | $24.5M | — | ||
| Q4 25 | $1.4B | $47.5M | ||
| Q3 25 | $1.4B | $133.8M | ||
| Q2 25 | $1.4B | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M |
股东权益IACUI
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.7B | $1.0B | ||
| Q3 25 | $4.8B | $828.4M | ||
| Q2 25 | $4.9B | $668.3M | ||
| Q1 25 | $4.7B | $436.1M | ||
| Q4 24 | $5.6B | $290.4M | ||
| Q3 24 | $5.8B | $188.1M | ||
| Q2 24 | $6.0B | $95.1M |
总资产IACUI
| Q1 26 | $6.8B | — | ||
| Q4 25 | $7.1B | $1.6B | ||
| Q3 25 | $7.2B | $1.5B | ||
| Q2 25 | $7.4B | $1.5B | ||
| Q1 25 | $7.2B | $1.3B | ||
| Q4 24 | $9.7B | $1.2B | ||
| Q3 24 | $9.8B | $1.2B | ||
| Q2 24 | $10.2B | $1.2B |
负债/权益比IACUI
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.30× | 0.05× | ||
| Q3 25 | 0.30× | 0.16× | ||
| Q2 25 | 0.30× | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× |
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 | $5.4M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $2.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 0.5% | 31.9% |
| 资本支出强度资本支出/营收 | 1.9% | 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 | $51.4M | $699.5M |
8季度趋势，按日历期对齐
经营现金流IACUI
| Q1 26 | $5.4M | — | ||
| Q4 25 | $36.6M | $263.9M | ||
| Q3 25 | $30.1M | $198.5M | ||
| Q2 25 | $-2.8M | $130.4M | ||
| Q1 25 | $63.0K | $123.6M | ||
| Q4 24 | $110.1M | $152.4M | ||
| Q3 24 | $95.3M | $233.7M | ||
| Q2 24 | $85.0M | $231.4M |
自由现金流IACUI
| Q1 26 | $2.0M | — | ||
| Q4 25 | $31.4M | $260.3M | ||
| Q3 25 | $25.3M | $193.3M | ||
| Q2 25 | $-7.2M | $125.2M | ||
| Q1 25 | $-4.6M | $120.7M | ||
| Q4 24 | $104.8M | $150.4M | ||
| Q3 24 | $92.0M | $231.1M | ||
| Q2 24 | $81.6M | $229.5M |
自由现金流率IACUI
| Q1 26 | 0.5% | — | ||
| Q4 25 | 4.9% | 31.9% | ||
| Q3 25 | 4.3% | 26.3% | ||
| Q2 25 | -1.2% | 16.5% | ||
| Q1 25 | -0.8% | 18.2% | ||
| Q4 24 | 14.5% | 25.1% | ||
| Q3 24 | 14.3% | 42.0% | ||
| Q2 24 | 12.9% | 45.2% |
资本支出强度IACUI
| Q1 26 | 1.9% | — | ||
| Q4 25 | 0.8% | 0.4% | ||
| Q3 25 | 0.8% | 0.7% | ||
| Q2 25 | 0.8% | 0.7% | ||
| Q1 25 | 0.8% | 0.4% | ||
| Q4 24 | 0.7% | 0.3% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | 0.5% | 0.4% |
现金转化率IACUI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | -0.01× | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× |
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
IAC
| People Inc. (a) | $385.7M | 91% |
| Emerging & Other | $20.1M | 5% |
| Search | $17.1M | 4% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
