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Liberty Global Ltd.（LBTYA）与LCI INDUSTRIES（LCII）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是LCI INDUSTRIES的2.6倍（$2.4B vs $932.7M），Liberty Global Ltd.净利率更高（15.0% vs 2.0%，领先13.0%），LCI INDUSTRIES同比增速更快（16.1% vs -3.6%），过去两年Liberty Global Ltd.的营收复合增速更高（12.9% vs -1.8%）
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
LBTYA vs LCII — 直观对比
营收规模更大
LBTYA
是对方的2.6倍
$932.7M
营收增速更快
LCII
高出19.8%
-3.6%
净利率更高
LBTYA
高出13.0%
2.0%
两年增速更快
LBTYA
近两年复合增速
-1.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $932.7M |
| 净利润 | $358.2M | $18.7M |
| 毛利率 | — | 22.1% |
| 营业利润率 | 1.0% | 3.8% |
| 净利率 | 15.0% | 2.0% |
| 营收同比 | -3.6% | 16.1% |
| 净利润同比 | 127.1% | 95.7% |
| 每股收益（稀释后） | — | $0.79 |
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LBTYALCII
| Q1 26 | $2.4B | — | ||
| Q4 25 | $1.2B | $932.7M | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $-1.4B | $803.1M | ||
| Q3 24 | $1.9B | $915.5M | ||
| Q2 24 | $1.9B | $1.1B |
净利润LBTYALCII
| Q1 26 | $358.2M | — | ||
| Q4 25 | $-2.9B | $18.7M | ||
| Q3 25 | $-90.7M | $62.5M | ||
| Q2 25 | $-2.8B | $57.6M | ||
| Q1 25 | $-1.3B | $49.4M | ||
| Q4 24 | $2.2B | $9.5M | ||
| Q3 24 | $-1.4B | $35.6M | ||
| Q2 24 | $268.1M | $61.2M |
毛利率LBTYALCII
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 22.1% | ||
| Q3 25 | 67.5% | 24.4% | ||
| Q2 25 | 63.3% | 24.4% | ||
| Q1 25 | 65.6% | 24.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | 69.4% | 24.0% | ||
| Q2 24 | 68.5% | 25.3% |
营业利润率LBTYALCII
| Q1 26 | 1.0% | — | ||
| Q4 25 | -8.6% | 3.8% | ||
| Q3 25 | -0.7% | 7.3% | ||
| Q2 25 | 2.3% | 7.9% | ||
| Q1 25 | 5.2% | 7.8% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 5.2% | 5.9% | ||
| Q2 24 | 1.0% | 8.6% |
净利率LBTYALCII
| Q1 26 | 15.0% | — | ||
| Q4 25 | -237.0% | 2.0% | ||
| Q3 25 | -7.5% | 6.0% | ||
| Q2 25 | -220.1% | 5.2% | ||
| Q1 25 | -114.2% | 4.7% | ||
| Q4 24 | -158.9% | 1.2% | ||
| Q3 24 | -74.1% | 3.9% | ||
| Q2 24 | 14.3% | 5.8% |
每股收益（稀释后）LBTYALCII
| Q1 26 | — | — | ||
| Q4 25 | $-8.66 | $0.79 | ||
| Q3 25 | $-0.27 | $2.55 | ||
| Q2 25 | $-8.09 | $2.29 | ||
| Q1 25 | $-3.84 | $1.94 | ||
| Q4 24 | $6.15 | $0.37 | ||
| Q3 24 | $-3.95 | $1.39 | ||
| Q2 24 | $0.71 | $2.40 |
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 | $-387.3M | $222.6M |
| 总债务越低越好 | — | $945.2M |
| 股东权益账面价值 | — | $1.4B |
| 总资产 | — | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资LBTYALCII
| Q1 26 | $-387.3M | — | ||
| Q4 25 | $2.2B | $222.6M | ||
| Q3 25 | $1.7B | $199.7M | ||
| Q2 25 | $3.1B | $191.9M | ||
| Q1 25 | $2.0B | $231.2M | ||
| Q4 24 | $2.2B | $165.8M | ||
| Q3 24 | $3.3B | $161.2M | ||
| Q2 24 | $3.2B | $130.4M |
总债务LBTYALCII
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | $945.2M | ||
| Q3 25 | $7.8B | $947.8M | ||
| Q2 25 | $7.8B | $948.0M | ||
| Q1 25 | $8.2B | $938.3M | ||
| Q4 24 | $8.2B | $757.3M | ||
| Q3 24 | $14.9B | $822.5M | ||
| Q2 24 | $14.7B | $829.7M |
股东权益LBTYALCII
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $1.4B | ||
| Q3 25 | $12.7B | $1.4B | ||
| Q2 25 | $13.0B | $1.4B | ||
| Q1 25 | $12.6B | $1.4B | ||
| Q4 24 | $12.4B | $1.4B | ||
| Q3 24 | $18.7B | $1.4B | ||
| Q2 24 | $18.3B | $1.4B |
总资产LBTYALCII
| Q1 26 | — | — | ||
| Q4 25 | $22.6B | $3.2B | ||
| Q3 25 | $25.4B | $3.2B | ||
| Q2 25 | $27.2B | $3.2B | ||
| Q1 25 | $26.0B | $3.1B | ||
| Q4 24 | $25.4B | $2.9B | ||
| Q3 24 | $41.8B | $3.0B | ||
| Q2 24 | $40.8B | $3.0B |
负债/权益比LBTYALCII
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.69× | ||
| Q3 25 | 0.61× | 0.70× | ||
| Q2 25 | 0.60× | 0.68× | ||
| Q1 25 | 0.65× | 0.69× | ||
| Q4 24 | 0.66× | 0.55× | ||
| Q3 24 | 0.80× | 0.58× | ||
| Q2 24 | 0.80× | 0.60× |
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 | $107.6M | $78.9M |
| 自由现金流经营现金流 - 资本支出 | — | $64.3M |
| 自由现金流率自由现金流/营收 | — | 6.9% |
| 资本支出强度资本支出/营收 | 1.5% | 1.6% |
| 现金转化率经营现金流/净利润 | 0.30× | 4.22× |
| 过去12个月自由现金流最近4个季度 | — | $278.3M |
8季度趋势，按日历期对齐
经营现金流LBTYALCII
| Q1 26 | $107.6M | — | ||
| Q4 25 | $630.9M | $78.9M | ||
| Q3 25 | $301.8M | $97.2M | ||
| Q2 25 | $149.2M | $112.2M | ||
| Q1 25 | $129.2M | $42.7M | ||
| Q4 24 | $791.6M | $106.6M | ||
| Q3 24 | $449.5M | $78.4M | ||
| Q2 24 | $546.1M | $192.9M |
自由现金流LBTYALCII
| Q1 26 | — | — | ||
| Q4 25 | $193.3M | $64.3M | ||
| Q3 25 | $-41.1M | $80.9M | ||
| Q2 25 | $-170.1M | $99.5M | ||
| Q1 25 | $-114.1M | $33.7M | ||
| Q4 24 | $712.9M | $95.7M | ||
| Q3 24 | $102.4M | $68.3M | ||
| Q2 24 | $256.8M | $180.2M |
自由现金流率LBTYALCII
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | 6.9% | ||
| Q3 25 | -3.4% | 7.8% | ||
| Q2 25 | -13.4% | 9.0% | ||
| Q1 25 | -9.7% | 3.2% | ||
| Q4 24 | -50.5% | 11.9% | ||
| Q3 24 | 5.3% | 7.5% | ||
| Q2 24 | 13.7% | 17.1% |
资本支出强度LBTYALCII
| Q1 26 | 1.5% | — | ||
| Q4 25 | 35.5% | 1.6% | ||
| Q3 25 | 28.4% | 1.6% | ||
| Q2 25 | 25.2% | 1.2% | ||
| Q1 25 | 20.8% | 0.9% | ||
| Q4 24 | -5.6% | 1.4% | ||
| Q3 24 | 17.9% | 1.1% | ||
| Q2 24 | 15.4% | 1.2% |
现金转化率LBTYALCII
| Q1 26 | 0.30× | — | ||
| Q4 25 | — | 4.22× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 0.35× | 11.17× | ||
| Q3 24 | — | 2.20× | ||
| Q2 24 | 2.04× | 3.15× |
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
LBTYA
| Mobile Service | $775.2M | 32% |
| Fixed Service | $772.0M | 32% |
| Business | $308.7M | 13% |
| Wholesale | $256.9M | 11% |
| Business Service | $233.2M | 10% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
