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INTEGRA LIFESCIENCES HOLDINGS CORP（IART）与Unity Software Inc.（U）财务数据对比。点击上方公司名可切换其他公司
Unity Software Inc.的季度营收约是INTEGRA LIFESCIENCES HOLDINGS CORP的1.2倍（$503.1M vs $434.9M），Unity Software Inc.同比增速更快（10.1% vs -1.7%），Unity Software Inc.自由现金流更多（$118.7M vs $-5.4M），过去两年INTEGRA LIFESCIENCES HOLDINGS CORP的营收复合增速更高（8.6% vs 4.5%）
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Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
IART vs U — 直观对比
营收规模更大
U
是对方的1.2倍
$434.9M
营收增速更快
U
高出11.8%
-1.7%
自由现金流更多
U
多$124.1M
$-5.4M
两年增速更快
IART
近两年复合增速
4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $434.9M | $503.1M |
| 净利润 | — | $-90.0M |
| 毛利率 | 50.8% | 74.3% |
| 营业利润率 | 5.3% | -21.2% |
| 净利率 | — | -17.9% |
| 营收同比 | -1.7% | 10.1% |
| 净利润同比 | — | 26.7% |
| 每股收益（稀释后） | $-0.03 | $-0.21 |
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IARTU
| Q4 25 | $434.9M | $503.1M | ||
| Q3 25 | $402.1M | $470.6M | ||
| Q2 25 | $415.6M | $440.9M | ||
| Q1 25 | $382.7M | $435.0M | ||
| Q4 24 | $442.6M | $457.1M | ||
| Q3 24 | $380.8M | $446.5M | ||
| Q2 24 | $418.2M | $449.3M | ||
| Q1 24 | $368.9M | $460.4M |
净利润IARTU
| Q4 25 | — | $-90.0M | ||
| Q3 25 | $-5.4M | $-126.4M | ||
| Q2 25 | $-484.1M | $-108.8M | ||
| Q1 25 | $-25.3M | $-77.6M | ||
| Q4 24 | — | $-122.7M | ||
| Q3 24 | $-10.7M | $-124.7M | ||
| Q2 24 | $-12.4M | $-125.6M | ||
| Q1 24 | $-3.3M | $-291.1M |
毛利率IARTU
| Q4 25 | 50.8% | 74.3% | ||
| Q3 25 | 51.5% | 74.4% | ||
| Q2 25 | 50.4% | 74.1% | ||
| Q1 25 | 50.8% | 73.8% | ||
| Q4 24 | 56.3% | 74.7% | ||
| Q3 24 | 52.6% | 74.9% | ||
| Q2 24 | 54.0% | 75.8% | ||
| Q1 24 | 56.1% | 68.6% |
营业利润率IARTU
| Q4 25 | 5.3% | -21.2% | ||
| Q3 25 | 2.9% | -26.7% | ||
| Q2 25 | -123.4% | -26.9% | ||
| Q1 25 | -4.0% | -29.4% | ||
| Q4 24 | 8.0% | -27.1% | ||
| Q3 24 | -2.1% | -28.5% | ||
| Q2 24 | -0.7% | -28.8% | ||
| Q1 24 | 1.1% | -81.4% |
净利率IARTU
| Q4 25 | — | -17.9% | ||
| Q3 25 | -1.3% | -26.9% | ||
| Q2 25 | -116.5% | -24.7% | ||
| Q1 25 | -6.6% | -17.8% | ||
| Q4 24 | — | -26.8% | ||
| Q3 24 | -2.8% | -27.9% | ||
| Q2 24 | -3.0% | -28.0% | ||
| Q1 24 | -0.9% | -63.2% |
每股收益（稀释后）IARTU
| Q4 25 | $-0.03 | $-0.21 | ||
| Q3 25 | $-0.07 | $-0.30 | ||
| Q2 25 | $-6.31 | $-0.26 | ||
| Q1 25 | $-0.33 | $-0.19 | ||
| Q4 24 | $0.25 | $-0.30 | ||
| Q3 24 | $-0.14 | $-0.31 | ||
| Q2 24 | $-0.16 | $-0.32 | ||
| Q1 24 | $-0.04 | $-0.75 |
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 | $263.7M | $2.1B |
| 总债务越低越好 | $726.6M | — |
| 股东权益账面价值 | $1.0B | $3.2B |
| 总资产 | $3.6B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.70× | — |
8季度趋势，按日历期对齐
现金及短期投资IARTU
| Q4 25 | $263.7M | $2.1B | ||
| Q3 25 | $267.9M | $1.9B | ||
| Q2 25 | $253.6M | $1.7B | ||
| Q1 25 | $273.3M | $1.5B | ||
| Q4 24 | $273.6M | $1.5B | ||
| Q3 24 | $277.6M | $1.4B | ||
| Q2 24 | $296.9M | $1.3B | ||
| Q1 24 | $663.1M | $1.2B |
总债务IARTU
| Q4 25 | $726.6M | — | ||
| Q3 25 | $736.3M | — | ||
| Q2 25 | $745.9M | — | ||
| Q1 25 | $755.6M | — | ||
| Q4 24 | $760.5M | — | ||
| Q3 24 | $765.3M | — | ||
| Q2 24 | $770.2M | — | ||
| Q1 24 | $775.0M | — |
股东权益IARTU
| Q4 25 | $1.0B | $3.2B | ||
| Q3 25 | $1.0B | $3.2B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | $1.5B | $3.2B | ||
| Q4 24 | $1.5B | $3.2B | ||
| Q3 24 | $1.5B | $3.2B | ||
| Q2 24 | $1.5B | $3.2B | ||
| Q1 24 | $1.6B | $3.2B |
总资产IARTU
| Q4 25 | $3.6B | $6.8B | ||
| Q3 25 | $3.6B | $6.8B | ||
| Q2 25 | $3.7B | $6.7B | ||
| Q1 25 | $4.1B | $6.6B | ||
| Q4 24 | $4.0B | $6.7B | ||
| Q3 24 | $4.1B | $6.7B | ||
| Q2 24 | $4.1B | $6.7B | ||
| Q1 24 | $4.1B | $6.8B |
负债/权益比IARTU
| Q4 25 | 0.70× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.49× | — | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 0.48× | — |
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 | $11.8M | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $-5.4M | $118.7M |
| 自由现金流率自由现金流/营收 | -1.2% | 23.6% |
| 资本支出强度资本支出/营收 | 4.0% | 0.5% |
| 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 | $-31.1M | $403.9M |
8季度趋势，按日历期对齐
经营现金流IARTU
| Q4 25 | $11.8M | $121.4M | ||
| Q3 25 | $40.9M | $155.4M | ||
| Q2 25 | $8.9M | $133.1M | ||
| Q1 25 | $-11.3M | $13.0M | ||
| Q4 24 | $50.7M | $112.2M | ||
| Q3 24 | $22.5M | $122.4M | ||
| Q2 24 | $40.4M | $88.4M | ||
| Q1 24 | $15.8M | $-7.4M |
自由现金流IARTU
| Q4 25 | $-5.4M | $118.7M | ||
| Q3 25 | $25.8M | $151.3M | ||
| Q2 25 | $-11.2M | $126.7M | ||
| Q1 25 | $-40.2M | $7.3M | ||
| Q4 24 | $21.1M | $105.8M | ||
| Q3 24 | $-7.2M | $115.2M | ||
| Q2 24 | $10.7M | $79.6M | ||
| Q1 24 | $291.0K | $-14.6M |
自由现金流率IARTU
| Q4 25 | -1.2% | 23.6% | ||
| Q3 25 | 6.4% | 32.1% | ||
| Q2 25 | -2.7% | 28.7% | ||
| Q1 25 | -10.5% | 1.7% | ||
| Q4 24 | 4.8% | 23.1% | ||
| Q3 24 | -1.9% | 25.8% | ||
| Q2 24 | 2.6% | 17.7% | ||
| Q1 24 | 0.1% | -3.2% |
资本支出强度IARTU
| Q4 25 | 4.0% | 0.5% | ||
| Q3 25 | 3.8% | 0.9% | ||
| Q2 25 | 4.8% | 1.5% | ||
| Q1 25 | 7.6% | 1.3% | ||
| Q4 24 | 6.7% | 1.4% | ||
| Q3 24 | 7.8% | 1.6% | ||
| Q2 24 | 7.1% | 2.0% | ||
| Q1 24 | 4.2% | 1.6% |
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
IART
| Neurosurgery | $226.2M | 52% |
| Asia Pacific | $53.7M | 12% |
| Instruments | $52.3M | 12% |
| ENT | $44.8M | 10% |
| Other | $38.9M | 9% |
| Rest Of The World | $19.0M | 4% |
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
