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Liberty Global Ltd.（LBTYA）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是先锋自然资源公司的2.0倍（$2.4B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 15.0%，领先14.0%），Liberty Global Ltd.同比增速更快（-3.6% vs -9.8%），过去两年Liberty Global Ltd.的营收复合增速更高（12.9% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
LBTYA vs PR — 直观对比
营收规模更大
LBTYA
是对方的2.0倍
$1.2B
营收增速更快
LBTYA
高出6.1%
-9.8%
净利率更高
PR
高出14.0%
15.0%
两年增速更快
LBTYA
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.2B |
| 净利润 | $358.2M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | 1.0% | 23.1% |
| 净利率 | 15.0% | 29.0% |
| 营收同比 | -3.6% | -9.8% |
| 净利润同比 | 127.1% | 56.7% |
| 每股收益（稀释后） | — | $0.48 |
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LBTYAPR
| Q1 26 | $2.4B | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $-1.4B | $1.3B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B |
净利润LBTYAPR
| Q1 26 | $358.2M | — | ||
| Q4 25 | $-2.9B | $339.5M | ||
| Q3 25 | $-90.7M | $59.2M | ||
| Q2 25 | $-2.8B | $207.1M | ||
| Q1 25 | $-1.3B | $329.3M | ||
| Q4 24 | $2.2B | $216.7M | ||
| Q3 24 | $-1.4B | $386.4M | ||
| Q2 24 | $268.1M | $235.1M |
毛利率LBTYAPR
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 67.5% | — | ||
| Q2 25 | 63.3% | — | ||
| Q1 25 | 65.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.4% | — | ||
| Q2 24 | 68.5% | — |
营业利润率LBTYAPR
| Q1 26 | 1.0% | — | ||
| Q4 25 | -8.6% | 23.1% | ||
| Q3 25 | -0.7% | 29.6% | ||
| Q2 25 | 2.3% | 24.8% | ||
| Q1 25 | 5.2% | 36.6% | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | 5.2% | 32.5% | ||
| Q2 24 | 1.0% | 36.5% |
净利率LBTYAPR
| Q1 26 | 15.0% | — | ||
| Q4 25 | -237.0% | 29.0% | ||
| Q3 25 | -7.5% | 4.5% | ||
| Q2 25 | -220.1% | 17.3% | ||
| Q1 25 | -114.2% | 23.9% | ||
| Q4 24 | -158.9% | 16.7% | ||
| Q3 24 | -74.1% | 31.8% | ||
| Q2 24 | 14.3% | 18.9% |
每股收益（稀释后）LBTYAPR
| Q1 26 | — | — | ||
| Q4 25 | $-8.66 | $0.48 | ||
| Q3 25 | $-0.27 | $0.08 | ||
| Q2 25 | $-8.09 | $0.28 | ||
| Q1 25 | $-3.84 | $0.44 | ||
| Q4 24 | $6.15 | $0.31 | ||
| Q3 24 | $-3.95 | $0.53 | ||
| Q2 24 | $0.71 | $0.36 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | — | $10.3B |
| 总资产 | — | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资LBTYAPR
| Q1 26 | $-387.3M | — | ||
| Q4 25 | $2.2B | $153.7M | ||
| Q3 25 | $1.7B | $111.8M | ||
| Q2 25 | $3.1B | $451.0M | ||
| Q1 25 | $2.0B | $702.2M | ||
| Q4 24 | $2.2B | $479.3M | ||
| Q3 24 | $3.3B | $272.0M | ||
| Q2 24 | $3.2B | $47.8M |
总债务LBTYAPR
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | $3.5B | ||
| Q3 25 | $7.8B | $3.5B | ||
| Q2 25 | $7.8B | $4.0B | ||
| Q1 25 | $8.2B | $4.0B | ||
| Q4 24 | $8.2B | $4.2B | ||
| Q3 24 | $14.9B | $4.2B | ||
| Q2 24 | $14.7B | $3.9B |
股东权益LBTYAPR
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $10.3B | ||
| Q3 25 | $12.7B | $10.0B | ||
| Q2 25 | $13.0B | $9.5B | ||
| Q1 25 | $12.6B | $9.4B | ||
| Q4 24 | $12.4B | $9.1B | ||
| Q3 24 | $18.7B | $9.0B | ||
| Q2 24 | $18.3B | $8.3B |
总资产LBTYAPR
| Q1 26 | — | — | ||
| Q4 25 | $22.6B | $17.9B | ||
| Q3 25 | $25.4B | $17.3B | ||
| Q2 25 | $27.2B | $17.5B | ||
| Q1 25 | $26.0B | $17.1B | ||
| Q4 24 | $25.4B | $16.9B | ||
| Q3 24 | $41.8B | $16.6B | ||
| Q2 24 | $40.8B | $15.4B |
负债/权益比LBTYAPR
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.34× | ||
| Q3 25 | 0.61× | 0.35× | ||
| Q2 25 | 0.60× | 0.42× | ||
| Q1 25 | 0.65× | 0.43× | ||
| Q4 24 | 0.66× | 0.46× | ||
| Q3 24 | 0.80× | 0.47× | ||
| Q2 24 | 0.80× | 0.46× |
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 | $904.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | 2.66× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流LBTYAPR
| Q1 26 | $107.6M | — | ||
| Q4 25 | $630.9M | $904.3M | ||
| Q3 25 | $301.8M | $766.5M | ||
| Q2 25 | $149.2M | $1.0B | ||
| Q1 25 | $129.2M | $898.0M | ||
| Q4 24 | $791.6M | $871.6M | ||
| Q3 24 | $449.5M | $954.4M | ||
| Q2 24 | $546.1M | $938.4M |
自由现金流LBTYAPR
| Q1 26 | — | — | ||
| Q4 25 | $193.3M | — | ||
| Q3 25 | $-41.1M | — | ||
| Q2 25 | $-170.1M | — | ||
| Q1 25 | $-114.1M | — | ||
| Q4 24 | $712.9M | — | ||
| Q3 24 | $102.4M | — | ||
| Q2 24 | $256.8M | — |
自由现金流率LBTYAPR
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | -3.4% | — | ||
| Q2 25 | -13.4% | — | ||
| Q1 25 | -9.7% | — | ||
| Q4 24 | -50.5% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 13.7% | — |
资本支出强度LBTYAPR
| Q1 26 | 1.5% | — | ||
| Q4 25 | 35.5% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.2% | — | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 15.4% | — |
现金转化率LBTYAPR
| Q1 26 | 0.30× | — | ||
| Q4 25 | — | 2.66× | ||
| Q3 25 | — | 12.94× | ||
| Q2 25 | — | 5.01× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | 0.35× | 4.02× | ||
| Q3 24 | — | 2.47× | ||
| Q2 24 | 2.04× | 3.99× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
