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Liberty Broadband Corp（LBRDA）与PEGASYSTEMS INC（PEGA）财务数据对比。点击上方公司名可切换其他公司
PEGASYSTEMS INC的季度营收约是Liberty Broadband Corp的1.6倍（$430.0M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 7.6%，领先139.1%），Liberty Broadband Corp同比增速更快（6.1% vs -9.6%），PEGASYSTEMS INC自由现金流更多（$206.5M vs $37.0M），过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% vs 4.3%）
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
LBRDA vs PEGA — 直观对比
营收规模更大
PEGA
是对方的1.6倍
$261.0M
营收增速更快
LBRDA
高出15.7%
-9.6%
净利率更高
LBRDA
高出139.1%
7.6%
自由现金流更多
PEGA
多$169.5M
$37.0M
两年增速更快
PEGA
近两年复合增速
4.3%
损益表 — Q2 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.0M | $430.0M |
| 净利润 | $383.0M | $32.8M |
| 毛利率 | — | 75.2% |
| 营业利润率 | 15.7% | 8.6% |
| 净利率 | 146.7% | 7.6% |
| 营收同比 | 6.1% | -9.6% |
| 净利润同比 | 96.4% | — |
| 每股收益（稀释后） | $2.68 | $0.18 |
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LBRDAPEGA
| Q1 26 | — | $430.0M | ||
| Q4 25 | — | $504.3M | ||
| Q3 25 | — | $381.4M | ||
| Q2 25 | $261.0M | $384.5M | ||
| Q1 25 | $266.0M | $475.6M | ||
| Q4 24 | $263.0M | $490.8M | ||
| Q3 24 | $262.0M | $325.1M | ||
| Q2 24 | $246.0M | $351.2M |
净利润LBRDAPEGA
| Q1 26 | — | $32.8M | ||
| Q4 25 | — | $234.6M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | $383.0M | $30.1M | ||
| Q1 25 | $268.0M | $85.4M | ||
| Q4 24 | $291.0M | $119.1M | ||
| Q3 24 | $142.0M | $-14.4M | ||
| Q2 24 | $195.0M | $6.6M |
毛利率LBRDAPEGA
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
营业利润率LBRDAPEGA
| Q1 26 | — | 8.6% | ||
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | 15.7% | 4.5% | ||
| Q1 25 | 16.2% | 26.7% | ||
| Q4 24 | 4.9% | 29.1% | ||
| Q3 24 | 11.5% | -3.6% | ||
| Q2 24 | 8.5% | 3.7% |
净利率LBRDAPEGA
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 46.5% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | 146.7% | 7.8% | ||
| Q1 25 | 100.8% | 18.0% | ||
| Q4 24 | 110.6% | 24.3% | ||
| Q3 24 | 54.2% | -4.4% | ||
| Q2 24 | 79.3% | 1.9% |
每股收益（稀释后）LBRDAPEGA
| Q1 26 | — | $0.18 | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | $2.68 | $0.17 | ||
| Q1 25 | $1.87 | $0.91 | ||
| Q4 24 | $2.04 | $1.35 | ||
| Q3 24 | $0.99 | $-0.17 | ||
| Q2 24 | $1.36 | $0.07 |
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 | $180.0M | $270.0M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $10.4B | $705.9M |
| 总资产 | $16.6B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRDAPEGA
| Q1 26 | — | $270.0M | ||
| Q4 25 | — | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | $180.0M | $411.6M | ||
| Q1 25 | $226.0M | $371.7M | ||
| Q4 24 | $163.0M | $740.0M | ||
| Q3 24 | $168.0M | $703.0M | ||
| Q2 24 | $73.0M | $665.1M |
总债务LBRDAPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.6B | — |
股东权益LBRDAPEGA
| Q1 26 | — | $705.9M | ||
| Q4 25 | — | $787.4M | ||
| Q3 25 | — | $596.8M | ||
| Q2 25 | $10.4B | $624.5M | ||
| Q1 25 | $10.1B | $611.3M | ||
| Q4 24 | $9.8B | $585.5M | ||
| Q3 24 | $9.5B | $473.0M | ||
| Q2 24 | $9.3B | $435.4M |
总资产LBRDAPEGA
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $16.6B | $1.3B | ||
| Q1 25 | $17.0B | $1.3B | ||
| Q4 24 | $16.7B | $1.8B | ||
| Q3 24 | $16.3B | $1.6B | ||
| Q2 24 | $16.0B | $1.5B |
负债/权益比LBRDAPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.39× | — |
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 | $91.0M | — |
| 自由现金流经营现金流 - 资本支出 | $37.0M | $206.5M |
| 自由现金流率自由现金流/营收 | 14.2% | 48.0% |
| 资本支出强度资本支出/营收 | 20.7% | — |
| 现金转化率经营现金流/净利润 | 0.24× | — |
| 过去12个月自由现金流最近4个季度 | $-49.0M | $494.9M |
8季度趋势，按日历期对齐
经营现金流LBRDAPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | $158.4M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | $91.0M | $86.3M | ||
| Q1 25 | $78.0M | $204.2M | ||
| Q4 24 | $1.0M | $95.2M | ||
| Q3 24 | $24.0M | $30.5M | ||
| Q2 24 | $27.0M | $40.1M |
自由现金流LBRDAPEGA
| Q1 26 | — | $206.5M | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $51.8M | ||
| Q2 25 | $37.0M | $84.1M | ||
| Q1 25 | $13.0M | $202.3M | ||
| Q4 24 | $-63.0M | $92.4M | ||
| Q3 24 | $-36.0M | $27.4M | ||
| Q2 24 | $-35.0M | $38.8M |
自由现金流率LBRDAPEGA
| Q1 26 | — | 48.0% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | 14.2% | 21.9% | ||
| Q1 25 | 4.9% | 42.5% | ||
| Q4 24 | -24.0% | 18.8% | ||
| Q3 24 | -13.7% | 8.4% | ||
| Q2 24 | -14.2% | 11.1% |
资本支出强度LBRDAPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 20.7% | 0.6% | ||
| Q1 25 | 24.4% | 0.4% | ||
| Q4 24 | 24.3% | 0.6% | ||
| Q3 24 | 22.9% | 0.9% | ||
| Q2 24 | 25.2% | 0.4% |
现金转化率LBRDAPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | 0.24× | 2.87× | ||
| Q1 25 | 0.29× | 2.39× | ||
| Q4 24 | 0.00× | 0.80× | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.14× | 6.06× |
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
LBRDA
暂无分部数据
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
