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Liberty Broadband Corp（LBRDA）与Waystar Holding Corp.（WAY）财务数据对比。点击上方公司名可切换其他公司
Waystar Holding Corp.的季度营收约是Liberty Broadband Corp的1.2倍（$313.9M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 13.8%，领先133.0%），Waystar Holding Corp.同比增速更快（22.4% vs 6.1%），Waystar Holding Corp.自由现金流更多（$90.3M vs $37.0M），过去两年Waystar Holding Corp.的营收复合增速更高（15.7% 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。
Waystar Holding Corp是一家领先的医疗健康支付与营收周期管理解决方案提供商，服务覆盖美国各地的医疗机构、医疗系统和支付方，旗下工具可简化账单处理、理赔申请、患者缴费流程，帮助医疗机构降低行政负担、优化营收表现。
LBRDA vs WAY — 直观对比
营收规模更大
WAY
是对方的1.2倍
$261.0M
营收增速更快
WAY
高出16.3%
6.1%
净利率更高
LBRDA
高出133.0%
13.8%
自由现金流更多
WAY
多$53.3M
$37.0M
两年增速更快
WAY
近两年复合增速
4.3%
损益表 — Q2 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.0M | $313.9M |
| 净利润 | $383.0M | $43.3M |
| 毛利率 | — | — |
| 营业利润率 | 15.7% | 25.6% |
| 净利率 | 146.7% | 13.8% |
| 营收同比 | 6.1% | 22.4% |
| 净利润同比 | 96.4% | 47.9% |
| 每股收益（稀释后） | $2.68 | $0.42 |
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LBRDAWAY
| Q1 26 | — | $313.9M | ||
| Q4 25 | — | $303.5M | ||
| Q3 25 | — | $268.7M | ||
| Q2 25 | $261.0M | $270.7M | ||
| Q1 25 | $266.0M | $256.4M | ||
| Q4 24 | $263.0M | $244.1M | ||
| Q3 24 | $262.0M | $240.1M | ||
| Q2 24 | $246.0M | $234.5M |
净利润LBRDAWAY
| Q1 26 | — | $43.3M | ||
| Q4 25 | — | $20.0M | ||
| Q3 25 | — | $30.6M | ||
| Q2 25 | $383.0M | $32.2M | ||
| Q1 25 | $268.0M | $29.3M | ||
| Q4 24 | $291.0M | $19.1M | ||
| Q3 24 | $142.0M | $5.4M | ||
| Q2 24 | $195.0M | $-27.7M |
营业利润率LBRDAWAY
| Q1 26 | — | 25.6% | ||
| Q4 25 | — | 19.4% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | 15.7% | 24.0% | ||
| Q1 25 | 16.2% | 25.4% | ||
| Q4 24 | 4.9% | 21.8% | ||
| Q3 24 | 11.5% | 11.3% | ||
| Q2 24 | 8.5% | 3.5% |
净利率LBRDAWAY
| Q1 26 | — | 13.8% | ||
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | 146.7% | 11.9% | ||
| Q1 25 | 100.8% | 11.4% | ||
| Q4 24 | 110.6% | 7.8% | ||
| Q3 24 | 54.2% | 2.3% | ||
| Q2 24 | 79.3% | -11.8% |
每股收益（稀释后）LBRDAWAY
| Q1 26 | — | $0.42 | ||
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $0.17 | ||
| Q2 25 | $2.68 | $0.18 | ||
| Q1 25 | $1.87 | $0.16 | ||
| Q4 24 | $2.04 | $0.18 | ||
| Q3 24 | $0.99 | $0.03 | ||
| Q2 24 | $1.36 | $-0.21 |
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 | $34.3M |
| 总债务越低越好 | $3.1B | $13.5M |
| 股东权益账面价值 | $10.4B | $3.9B |
| 总资产 | $16.6B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.30× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资LBRDAWAY
| Q1 26 | — | $34.3M | ||
| Q4 25 | — | $61.4M | ||
| Q3 25 | — | $421.1M | ||
| Q2 25 | $180.0M | $290.3M | ||
| Q1 25 | $226.0M | $224.0M | ||
| Q4 24 | $163.0M | $182.1M | ||
| Q3 24 | $168.0M | $127.1M | ||
| Q2 24 | $73.0M | $68.4M |
总债务LBRDAWAY
| Q1 26 | — | $13.5M | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | $1.2B | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.6B | — |
股东权益LBRDAWAY
| Q1 26 | — | $3.9B | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $10.4B | $3.2B | ||
| Q1 25 | $10.1B | $3.1B | ||
| Q4 24 | $9.8B | $3.1B | ||
| Q3 24 | $9.5B | $3.1B | ||
| Q2 24 | $9.3B | $2.9B |
总资产LBRDAWAY
| Q1 26 | — | $5.8B | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | $16.6B | $4.7B | ||
| Q1 25 | $17.0B | $4.6B | ||
| Q4 24 | $16.7B | $4.6B | ||
| Q3 24 | $16.3B | $4.5B | ||
| Q2 24 | $16.0B | $4.6B |
负债/权益比LBRDAWAY
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.38× | 0.40× | ||
| 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 | $84.9M |
| 自由现金流经营现金流 - 资本支出 | $37.0M | $90.3M |
| 自由现金流率自由现金流/营收 | 14.2% | 28.8% |
| 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× | 1.96× |
| 过去12个月自由现金流最近4个季度 | $-49.0M | $314.6M |
8季度趋势，按日历期对齐
经营现金流LBRDAWAY
| Q1 26 | — | $84.9M | ||
| Q4 25 | — | $66.6M | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | $91.0M | $96.8M | ||
| Q1 25 | $78.0M | $64.2M | ||
| Q4 24 | $1.0M | — | ||
| Q3 24 | $24.0M | $78.8M | ||
| Q2 24 | $27.0M | $15.4M |
自由现金流LBRDAWAY
| Q1 26 | — | $90.3M | ||
| Q4 25 | — | $57.2M | ||
| Q3 25 | — | $76.2M | ||
| Q2 25 | $37.0M | $91.0M | ||
| Q1 25 | $13.0M | $58.8M | ||
| Q4 24 | $-63.0M | — | ||
| Q3 24 | $-36.0M | $70.2M | ||
| Q2 24 | $-35.0M | $8.6M |
自由现金流率LBRDAWAY
| Q1 26 | — | 28.8% | ||
| Q4 25 | — | 18.9% | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | 14.2% | 33.6% | ||
| Q1 25 | 4.9% | 22.9% | ||
| Q4 24 | -24.0% | — | ||
| Q3 24 | -13.7% | 29.2% | ||
| Q2 24 | -14.2% | 3.7% |
资本支出强度LBRDAWAY
| Q1 26 | — | — | ||
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | 20.7% | 2.1% | ||
| Q1 25 | 24.4% | 2.1% | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 22.9% | 3.6% | ||
| Q2 24 | 25.2% | 2.9% |
现金转化率LBRDAWAY
| Q1 26 | — | 1.96× | ||
| Q4 25 | — | 3.33× | ||
| Q3 25 | — | 2.68× | ||
| Q2 25 | 0.24× | 3.01× | ||
| Q1 25 | 0.29× | 2.20× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.17× | 14.56× | ||
| Q2 24 | 0.14× | — |
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
WAY
| Subscription | $172.2M | 55% |
| Volume-based | $139.5M | 44% |
