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Liberty Global Ltd.（LBTYA）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是北极星的1.4倍（$2.4B vs $1.7B），Liberty Global Ltd.净利率更高（15.0% vs -2.8%，领先17.8%），北极星同比增速更快（8.0% vs -3.6%），过去两年Liberty Global Ltd.的营收复合增速更高（12.9% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
LBTYA vs PII — 直观对比
营收规模更大
LBTYA
是对方的1.4倍
$1.7B
营收增速更快
PII
高出11.6%
-3.6%
净利率更高
LBTYA
高出17.8%
-2.8%
两年增速更快
LBTYA
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.7B |
| 净利润 | $358.2M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | 1.0% | 76.5% |
| 净利率 | 15.0% | -2.8% |
| 营收同比 | -3.6% | 8.0% |
| 净利润同比 | 127.1% | 29.0% |
| 每股收益（稀释后） | — | $-0.83 |
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LBTYAPII
| Q1 26 | $2.4B | $1.7B | ||
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $-1.4B | $1.8B | ||
| Q3 24 | $1.9B | $1.7B | ||
| Q2 24 | $1.9B | $2.0B |
净利润LBTYAPII
| Q1 26 | $358.2M | $-47.2M | ||
| Q4 25 | $-2.9B | $-303.6M | ||
| Q3 25 | $-90.7M | $-15.8M | ||
| Q2 25 | $-2.8B | $-79.3M | ||
| Q1 25 | $-1.3B | $-66.8M | ||
| Q4 24 | $2.2B | $10.6M | ||
| Q3 24 | $-1.4B | $27.7M | ||
| Q2 24 | $268.1M | $68.7M |
毛利率LBTYAPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | 66.8% | 20.0% | ||
| Q3 25 | 67.5% | 20.7% | ||
| Q2 25 | 63.3% | 19.4% | ||
| Q1 25 | 65.6% | 16.0% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | 69.4% | 20.6% | ||
| Q2 24 | 68.5% | 21.6% |
营业利润率LBTYAPII
| Q1 26 | 1.0% | 76.5% | ||
| Q4 25 | -8.6% | -16.7% | ||
| Q3 25 | -0.7% | 1.1% | ||
| Q2 25 | 2.3% | -0.7% | ||
| Q1 25 | 5.2% | -2.4% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 5.2% | 3.8% | ||
| Q2 24 | 1.0% | 6.1% |
净利率LBTYAPII
| Q1 26 | 15.0% | -2.8% | ||
| Q4 25 | -237.0% | -15.8% | ||
| Q3 25 | -7.5% | -0.9% | ||
| Q2 25 | -220.1% | -4.3% | ||
| Q1 25 | -114.2% | -4.3% | ||
| Q4 24 | -158.9% | 0.6% | ||
| Q3 24 | -74.1% | 1.6% | ||
| Q2 24 | 14.3% | 3.5% |
每股收益（稀释后）LBTYAPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $-8.66 | $-5.34 | ||
| Q3 25 | $-0.27 | $-0.28 | ||
| Q2 25 | $-8.09 | $-1.39 | ||
| Q1 25 | $-3.84 | $-1.17 | ||
| Q4 24 | $6.15 | $0.18 | ||
| Q3 24 | $-3.95 | $0.49 | ||
| Q2 24 | $0.71 | $1.21 |
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 | $-387.3M | $282.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $750.4M |
| 总资产 | — | $5.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LBTYAPII
| Q1 26 | $-387.3M | $282.0M | ||
| Q4 25 | $2.2B | $138.0M | ||
| Q3 25 | $1.7B | $335.5M | ||
| Q2 25 | $3.1B | $324.3M | ||
| Q1 25 | $2.0B | $291.7M | ||
| Q4 24 | $2.2B | $287.8M | ||
| Q3 24 | $3.3B | $291.3M | ||
| Q2 24 | $3.2B | $322.7M |
总债务LBTYAPII
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | $1.5B | ||
| Q3 25 | $7.8B | $1.3B | ||
| Q2 25 | $7.8B | $1.4B | ||
| Q1 25 | $8.2B | $1.6B | ||
| Q4 24 | $8.2B | $1.6B | ||
| Q3 24 | $14.9B | $1.7B | ||
| Q2 24 | $14.7B | $2.1B |
股东权益LBTYAPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $9.7B | $828.4M | ||
| Q3 25 | $12.7B | $1.1B | ||
| Q2 25 | $13.0B | $1.2B | ||
| Q1 25 | $12.6B | $1.2B | ||
| Q4 24 | $12.4B | $1.3B | ||
| Q3 24 | $18.7B | $1.3B | ||
| Q2 24 | $18.3B | $1.3B |
总资产LBTYAPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $22.6B | $4.9B | ||
| Q3 25 | $25.4B | $5.3B | ||
| Q2 25 | $27.2B | $5.4B | ||
| Q1 25 | $26.0B | $5.5B | ||
| Q4 24 | $25.4B | $5.5B | ||
| Q3 24 | $41.8B | $5.6B | ||
| Q2 24 | $40.8B | $5.7B |
负债/权益比LBTYAPII
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.82× | ||
| Q3 25 | 0.61× | 1.13× | ||
| Q2 25 | 0.60× | 1.17× | ||
| Q1 25 | 0.65× | 1.32× | ||
| Q4 24 | 0.66× | 1.27× | ||
| Q3 24 | 0.80× | 1.29× | ||
| Q2 24 | 0.80× | 1.56× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $-342.5M |
| 自由现金流率自由现金流/营收 | — | -20.6% |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | 0.30× | — |
| 过去12个月自由现金流最近4个季度 | — | $168.0M |
8季度趋势，按日历期对齐
经营现金流LBTYAPII
| Q1 26 | $107.6M | — | ||
| Q4 25 | $630.9M | $178.7M | ||
| Q3 25 | $301.8M | $158.8M | ||
| Q2 25 | $149.2M | $320.3M | ||
| Q1 25 | $129.2M | $83.2M | ||
| Q4 24 | $791.6M | $206.3M | ||
| Q3 24 | $449.5M | $21.0M | ||
| Q2 24 | $546.1M | $146.3M |
自由现金流LBTYAPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $193.3M | $114.0M | ||
| Q3 25 | $-41.1M | $116.7M | ||
| Q2 25 | $-170.1M | $279.8M | ||
| Q1 25 | $-114.1M | $47.6M | ||
| Q4 24 | $712.9M | $137.3M | ||
| Q3 24 | $102.4M | $-32.4M | ||
| Q2 24 | $256.8M | $79.1M |
自由现金流率LBTYAPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | 15.7% | 5.9% | ||
| Q3 25 | -3.4% | 6.3% | ||
| Q2 25 | -13.4% | 15.1% | ||
| Q1 25 | -9.7% | 3.1% | ||
| Q4 24 | -50.5% | 7.8% | ||
| Q3 24 | 5.3% | -1.9% | ||
| Q2 24 | 13.7% | 4.0% |
资本支出强度LBTYAPII
| Q1 26 | 1.5% | — | ||
| Q4 25 | 35.5% | 3.4% | ||
| Q3 25 | 28.4% | 2.3% | ||
| Q2 25 | 25.2% | 2.2% | ||
| Q1 25 | 20.8% | 2.3% | ||
| Q4 24 | -5.6% | 3.9% | ||
| Q3 24 | 17.9% | 3.1% | ||
| Q2 24 | 15.4% | 3.4% |
现金转化率LBTYAPII
| Q1 26 | 0.30× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.35× | 19.46× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | 2.04× | 2.13× |
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% |
PII
暂无分部数据
