vs
Installed Building Products, Inc.（IBP）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Installed Building Products, Inc.的1.1倍（$814.9M vs $747.5M），Ubiquiti Inc.净利率更高（28.7% vs 10.2%，领先18.4%），Ubiquiti Inc.同比增速更快（35.8% vs -0.4%），Ubiquiti Inc.自由现金流更多（$260.3M vs $49.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 3.9%）
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
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。
IBP vs UI — 直观对比
营收规模更大
UI
是对方的1.1倍
$747.5M
营收增速更快
UI
高出36.2%
-0.4%
净利率更高
UI
高出18.4%
10.2%
自由现金流更多
UI
多$211.0M
$49.3M
两年增速更快
UI
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $747.5M | $814.9M |
| 净利润 | $76.6M | $233.6M |
| 毛利率 | 35.0% | 45.9% |
| 营业利润率 | 14.6% | 35.9% |
| 净利率 | 10.2% | 28.7% |
| 营收同比 | -0.4% | 35.8% |
| 净利润同比 | 14.5% | 70.8% |
| 每股收益（稀释后） | $2.81 | $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IBPUI
| Q4 25 | $747.5M | $814.9M | ||
| Q3 25 | $778.2M | $733.8M | ||
| Q2 25 | $760.3M | $759.2M | ||
| Q1 25 | $684.8M | $664.2M | ||
| Q4 24 | $750.2M | $599.9M | ||
| Q3 24 | $760.6M | $550.3M | ||
| Q2 24 | $737.6M | $507.5M | ||
| Q1 24 | $692.9M | $493.0M |
净利润IBPUI
| Q4 25 | $76.6M | $233.6M | ||
| Q3 25 | $74.4M | $207.9M | ||
| Q2 25 | $69.0M | $266.7M | ||
| Q1 25 | $45.4M | $180.4M | ||
| Q4 24 | $66.9M | $136.8M | ||
| Q3 24 | $68.6M | $128.0M | ||
| Q2 24 | $65.2M | $103.8M | ||
| Q1 24 | $55.9M | $76.3M |
毛利率IBPUI
| Q4 25 | 35.0% | 45.9% | ||
| Q3 25 | 34.0% | 46.0% | ||
| Q2 25 | 34.2% | 45.1% | ||
| Q1 25 | 32.7% | 44.5% | ||
| Q4 24 | 33.6% | 41.2% | ||
| Q3 24 | 33.8% | 42.1% | ||
| Q2 24 | 34.1% | 40.2% | ||
| Q1 24 | 33.8% | 35.3% |
营业利润率IBPUI
| Q4 25 | 14.6% | 35.9% | ||
| Q3 25 | 13.7% | 35.7% | ||
| Q2 25 | 13.3% | 34.4% | ||
| Q1 25 | 10.2% | 34.2% | ||
| Q4 24 | 13.1% | 29.8% | ||
| Q3 24 | 13.3% | 30.7% | ||
| Q2 24 | 12.9% | 27.3% | ||
| Q1 24 | 12.7% | 22.6% |
净利率IBPUI
| Q4 25 | 10.2% | 28.7% | ||
| Q3 25 | 9.6% | 28.3% | ||
| Q2 25 | 9.1% | 35.1% | ||
| Q1 25 | 6.6% | 27.2% | ||
| Q4 24 | 8.9% | 22.8% | ||
| Q3 24 | 9.0% | 23.3% | ||
| Q2 24 | 8.8% | 20.5% | ||
| Q1 24 | 8.1% | 15.5% |
每股收益（稀释后）IBPUI
| Q4 25 | $2.81 | $3.86 | ||
| Q3 25 | $2.74 | $3.43 | ||
| Q2 25 | $2.52 | $4.40 | ||
| Q1 25 | $1.64 | $2.98 | ||
| Q4 24 | $2.39 | $2.26 | ||
| Q3 24 | $2.44 | $2.12 | ||
| Q2 24 | $2.30 | $1.72 | ||
| Q1 24 | $1.97 | $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 | $321.9M | $302.8M |
| 总债务越低越好 | $886.6M | $47.5M |
| 股东权益账面价值 | $709.9M | $1.0B |
| 总资产 | $2.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.25× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资IBPUI
| Q4 25 | $321.9M | $302.8M | ||
| Q3 25 | $333.3M | $177.2M | ||
| Q2 25 | $305.2M | $149.7M | ||
| Q1 25 | $298.7M | $151.0M | ||
| Q4 24 | $327.6M | $133.1M | ||
| Q3 24 | $406.2M | $165.2M | ||
| Q2 24 | $380.3M | $126.3M | ||
| Q1 24 | $399.9M | $102.5M |
总债务IBPUI
| Q4 25 | $886.6M | $47.5M | ||
| Q3 25 | $880.8M | $133.8M | ||
| Q2 25 | $876.1M | $250.0M | ||
| Q1 25 | $872.4M | $340.0M | ||
| Q4 24 | $874.8M | $406.3M | ||
| Q3 24 | $872.3M | $552.5M | ||
| Q2 24 | $875.8M | $708.1M | ||
| Q1 24 | $875.0M | $877.5M |
股东权益IBPUI
| Q4 25 | $709.9M | $1.0B | ||
| Q3 25 | $678.6M | $828.4M | ||
| Q2 25 | $664.5M | $668.3M | ||
| Q1 25 | $660.9M | $436.1M | ||
| Q4 24 | $705.3M | $290.4M | ||
| Q3 24 | $716.4M | $188.1M | ||
| Q2 24 | $685.3M | $95.1M | ||
| Q1 24 | $679.2M | $25.9M |
总资产IBPUI
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $2.0B | $1.2B |
负债/权益比IBPUI
| Q4 25 | 1.25× | 0.05× | ||
| Q3 25 | 1.30× | 0.16× | ||
| Q2 25 | 1.32× | 0.37× | ||
| Q1 25 | 1.32× | 0.78× | ||
| Q4 24 | 1.24× | 1.40× | ||
| Q3 24 | 1.22× | 2.94× | ||
| Q2 24 | 1.28× | 7.45× | ||
| Q1 24 | 1.29× | 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 | $64.9M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $49.3M | $260.3M |
| 自由现金流率自由现金流/营收 | 6.6% | 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 | 0.85× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $300.8M | $699.5M |
8季度趋势，按日历期对齐
经营现金流IBPUI
| Q4 25 | $64.9M | $263.9M | ||
| Q3 25 | $124.0M | $198.5M | ||
| Q2 25 | $90.4M | $130.4M | ||
| Q1 25 | $92.1M | $123.6M | ||
| Q4 24 | $74.8M | $152.4M | ||
| Q3 24 | $101.4M | $233.7M | ||
| Q2 24 | $79.0M | $231.4M | ||
| Q1 24 | $84.8M | $163.9M |
自由现金流IBPUI
| Q4 25 | $49.3M | $260.3M | ||
| Q3 25 | $104.8M | $193.3M | ||
| Q2 25 | $74.8M | $125.2M | ||
| Q1 25 | $71.9M | $120.7M | ||
| Q4 24 | $52.9M | $150.4M | ||
| Q3 24 | $77.3M | $231.1M | ||
| Q2 24 | $58.2M | $229.5M | ||
| Q1 24 | $63.0M | $160.6M |
自由现金流率IBPUI
| Q4 25 | 6.6% | 31.9% | ||
| Q3 25 | 13.5% | 26.3% | ||
| Q2 25 | 9.8% | 16.5% | ||
| Q1 25 | 10.5% | 18.2% | ||
| Q4 24 | 7.1% | 25.1% | ||
| Q3 24 | 10.2% | 42.0% | ||
| Q2 24 | 7.9% | 45.2% | ||
| Q1 24 | 9.1% | 32.6% |
资本支出强度IBPUI
| Q4 25 | 2.1% | 0.4% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 2.1% | 0.7% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 2.9% | 0.3% | ||
| Q3 24 | 3.2% | 0.5% | ||
| Q2 24 | 2.8% | 0.4% | ||
| Q1 24 | 3.1% | 0.7% |
现金转化率IBPUI
| Q4 25 | 0.85× | 1.13× | ||
| Q3 25 | 1.67× | 0.95× | ||
| Q2 25 | 1.31× | 0.49× | ||
| Q1 25 | 2.03× | 0.68× | ||
| Q4 24 | 1.12× | 1.11× | ||
| Q3 24 | 1.48× | 1.83× | ||
| Q2 24 | 1.21× | 2.23× | ||
| Q1 24 | 1.52× | 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
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
