vs
因美纳（ILMN）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
因美纳的季度营收约是Ubiquiti Inc.的1.4倍（$1.2B vs $814.9M），因美纳净利率更高（28.8% vs 28.7%，领先0.1%），Ubiquiti Inc.同比增速更快（35.8% vs 5.0%），因美纳自由现金流更多（$267.0M vs $260.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -0.7%）
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
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。
ILMN vs UI — 直观对比
营收规模更大
ILMN
是对方的1.4倍
$814.9M
营收增速更快
UI
高出30.9%
5.0%
净利率更高
ILMN
高出0.1%
28.7%
自由现金流更多
ILMN
多$6.7M
$260.3M
两年增速更快
UI
近两年复合增速
-0.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $814.9M |
| 净利润 | $334.0M | $233.6M |
| 毛利率 | 65.5% | 45.9% |
| 营业利润率 | 17.4% | 35.9% |
| 净利率 | 28.8% | 28.7% |
| 营收同比 | 5.0% | 35.8% |
| 净利润同比 | 185.5% | 70.8% |
| 每股收益（稀释后） | $2.16 | $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ILMNUI
| Q4 25 | $1.2B | $814.9M | ||
| Q3 25 | — | $733.8M | ||
| Q2 25 | — | $759.2M | ||
| Q1 25 | — | $664.2M | ||
| Q4 24 | $1.1B | $599.9M | ||
| Q3 24 | $1.1B | $550.3M | ||
| Q2 24 | $1.1B | $507.5M | ||
| Q1 24 | $1.1B | $493.0M |
净利润ILMNUI
| Q4 25 | $334.0M | $233.6M | ||
| Q3 25 | — | $207.9M | ||
| Q2 25 | — | $266.7M | ||
| Q1 25 | — | $180.4M | ||
| Q4 24 | $186.0M | $136.8M | ||
| Q3 24 | $705.0M | $128.0M | ||
| Q2 24 | $-2.0B | $103.8M | ||
| Q1 24 | $-126.0M | $76.3M |
毛利率ILMNUI
| Q4 25 | 65.5% | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | 65.9% | 41.2% | ||
| Q3 24 | 69.0% | 42.1% | ||
| Q2 24 | 64.8% | 40.2% | ||
| Q1 24 | 62.0% | 35.3% |
营业利润率ILMNUI
| Q4 25 | 17.4% | 35.9% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | 15.8% | 29.8% | ||
| Q3 24 | 68.6% | 30.7% | ||
| Q2 24 | -147.2% | 27.3% | ||
| Q1 24 | -10.3% | 22.6% |
净利率ILMNUI
| Q4 25 | 28.8% | 28.7% | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | — | 35.1% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | 16.8% | 22.8% | ||
| Q3 24 | 65.3% | 23.3% | ||
| Q2 24 | -178.8% | 20.5% | ||
| Q1 24 | -11.7% | 15.5% |
每股收益（稀释后）ILMNUI
| Q4 25 | $2.16 | $3.86 | ||
| Q3 25 | — | $3.43 | ||
| Q2 25 | — | $4.40 | ||
| Q1 25 | — | $2.98 | ||
| Q4 24 | $1.16 | $2.26 | ||
| Q3 24 | $4.42 | $2.12 | ||
| Q2 24 | $-12.48 | $1.72 | ||
| Q1 24 | $-0.79 | $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 | $1.6B | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $2.7B | $1.0B |
| 总资产 | $6.6B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ILMNUI
| Q4 25 | $1.6B | $302.8M | ||
| Q3 25 | — | $177.2M | ||
| Q2 25 | — | $149.7M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | $93.0M | $133.1M | ||
| Q3 24 | $70.0M | $165.2M | ||
| Q2 24 | $74.0M | $126.3M | ||
| Q1 24 | — | $102.5M |
总债务ILMNUI
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益ILMNUI
| Q4 25 | $2.7B | $1.0B | ||
| Q3 25 | — | $828.4M | ||
| Q2 25 | — | $668.3M | ||
| Q1 25 | — | $436.1M | ||
| Q4 24 | $2.4B | $290.4M | ||
| Q3 24 | $2.1B | $188.1M | ||
| Q2 24 | $1.4B | $95.1M | ||
| Q1 24 | $5.7B | $25.9M |
总资产ILMNUI
| Q4 25 | $6.6B | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $6.3B | $1.2B | ||
| Q3 24 | $6.0B | $1.2B | ||
| Q2 24 | $6.1B | $1.2B | ||
| Q1 24 | $10.0B | $1.2B |
负债/权益比ILMNUI
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 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 | $321.0M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $267.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 23.0% | 31.9% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 0.96× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $935.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流ILMNUI
| Q4 25 | $321.0M | $263.9M | ||
| Q3 25 | — | $198.5M | ||
| Q2 25 | — | $130.4M | ||
| Q1 25 | — | $123.6M | ||
| Q4 24 | $364.0M | $152.4M | ||
| Q3 24 | $316.0M | $233.7M | ||
| Q2 24 | $80.0M | $231.4M | ||
| Q1 24 | $77.0M | $163.9M |
自由现金流ILMNUI
| Q4 25 | $267.0M | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | — | $125.2M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | $335.0M | $150.4M | ||
| Q3 24 | $284.0M | $231.1M | ||
| Q2 24 | $49.0M | $229.5M | ||
| Q1 24 | $41.0M | $160.6M |
自由现金流率ILMNUI
| Q4 25 | 23.0% | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | 30.3% | 25.1% | ||
| Q3 24 | 26.3% | 42.0% | ||
| Q2 24 | 4.4% | 45.2% | ||
| Q1 24 | 3.8% | 32.6% |
资本支出强度ILMNUI
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 2.6% | 0.3% | ||
| Q3 24 | 3.0% | 0.5% | ||
| Q2 24 | 2.8% | 0.4% | ||
| Q1 24 | 3.3% | 0.7% |
现金转化率ILMNUI
| Q4 25 | 0.96× | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 1.96× | 1.11× | ||
| Q3 24 | 0.45× | 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
ILMN
| Product revenue | $990.0M | 85% |
| Service and other revenue | $169.0M | 15% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
