vs
Liberty Global Ltd.（LBTYA）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是Liberty Global Ltd.的1.2倍（$1.4B vs $1.2B），瑞思迈净利率更高（27.6% vs -237.0%，领先264.6%），Liberty Global Ltd.同比增速更快（187.2% vs 11.0%），过去两年瑞思迈的营收复合增速更高（7.9% vs -20.4%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
LBTYA vs RMD — 直观对比
营收规模更大
RMD
是对方的1.2倍
$1.2B
营收增速更快
LBTYA
高出176.2%
11.0%
净利率更高
RMD
高出264.6%
-237.0%
两年增速更快
RMD
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $-2.9B | $392.6M |
| 毛利率 | 66.8% | 61.8% |
| 营业利润率 | -8.6% | 34.6% |
| 净利率 | -237.0% | 27.6% |
| 营收同比 | 187.2% | 11.0% |
| 净利润同比 | -230.0% | 13.9% |
| 每股收益（稀释后） | $-8.66 | $2.68 |
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LBTYARMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $-1.4B | $1.3B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B |
净利润LBTYARMD
| Q2 26 | — | $392.6M | ||
| Q4 25 | $-2.9B | $392.6M | ||
| Q3 25 | $-90.7M | $348.5M | ||
| Q2 25 | $-2.8B | $379.7M | ||
| Q1 25 | $-1.3B | $365.0M | ||
| Q4 24 | $2.2B | $344.6M | ||
| Q3 24 | $-1.4B | $311.4M | ||
| Q2 24 | $268.1M | $292.2M |
毛利率LBTYARMD
| Q2 26 | — | 61.8% | ||
| Q4 25 | 66.8% | 61.8% | ||
| Q3 25 | 67.5% | 61.5% | ||
| Q2 25 | 63.3% | 60.8% | ||
| Q1 25 | 65.6% | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | 69.4% | 58.6% | ||
| Q2 24 | 68.5% | 58.5% |
营业利润率LBTYARMD
| Q2 26 | — | 34.6% | ||
| Q4 25 | -8.6% | 34.6% | ||
| Q3 25 | -0.7% | 33.4% | ||
| Q2 25 | 2.3% | 33.7% | ||
| Q1 25 | 5.2% | 33.0% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | 5.2% | 31.6% | ||
| Q2 24 | 1.0% | 31.2% |
净利率LBTYARMD
| Q2 26 | — | 27.6% | ||
| Q4 25 | -237.0% | 27.6% | ||
| Q3 25 | -7.5% | 26.1% | ||
| Q2 25 | -220.1% | 28.2% | ||
| Q1 25 | -114.2% | 28.3% | ||
| Q4 24 | -158.9% | 26.9% | ||
| Q3 24 | -74.1% | 25.4% | ||
| Q2 24 | 14.3% | 23.9% |
每股收益（稀释后）LBTYARMD
| Q2 26 | — | $2.68 | ||
| Q4 25 | $-8.66 | $2.68 | ||
| Q3 25 | $-0.27 | $2.37 | ||
| Q2 25 | $-8.09 | $2.58 | ||
| Q1 25 | $-3.84 | $2.48 | ||
| Q4 24 | $6.15 | $2.34 | ||
| Q3 24 | $-3.95 | $2.11 | ||
| Q2 24 | $0.71 | $1.97 |
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 | $2.2B | $1.4B |
| 总债务越低越好 | $7.8B | $663.8M |
| 股东权益账面价值 | $9.7B | $6.3B |
| 总资产 | $22.6B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.80× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资LBTYARMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $2.0B | $932.7M | ||
| Q4 24 | $2.2B | $521.9M | ||
| Q3 24 | $3.3B | $426.4M | ||
| Q2 24 | $3.2B | $238.4M |
总债务LBTYARMD
| Q2 26 | — | $663.8M | ||
| Q4 25 | $7.8B | $403.9M | ||
| Q3 25 | $7.8B | $408.7M | ||
| Q2 25 | $7.8B | $658.4M | ||
| Q1 25 | $8.2B | $663.1M | ||
| Q4 24 | $8.2B | $662.9M | ||
| Q3 24 | $14.9B | $667.6M | ||
| Q2 24 | $14.7B | $697.3M |
股东权益LBTYARMD
| Q2 26 | — | $6.3B | ||
| Q4 25 | $9.7B | $6.3B | ||
| Q3 25 | $12.7B | $6.1B | ||
| Q2 25 | $13.0B | $6.0B | ||
| Q1 25 | $12.6B | $5.5B | ||
| Q4 24 | $12.4B | $5.3B | ||
| Q3 24 | $18.7B | $5.2B | ||
| Q2 24 | $18.3B | $4.9B |
总资产LBTYARMD
| Q2 26 | — | $8.5B | ||
| Q4 25 | $22.6B | $8.5B | ||
| Q3 25 | $25.4B | $8.3B | ||
| Q2 25 | $27.2B | $8.2B | ||
| Q1 25 | $26.0B | $7.6B | ||
| Q4 24 | $25.4B | $7.1B | ||
| Q3 24 | $41.8B | $7.2B | ||
| Q2 24 | $40.8B | $6.9B |
负债/权益比LBTYARMD
| Q2 26 | — | 0.11× | ||
| Q4 25 | 0.80× | 0.06× | ||
| Q3 25 | 0.61× | 0.07× | ||
| Q2 25 | 0.60× | 0.11× | ||
| Q1 25 | 0.65× | 0.12× | ||
| Q4 24 | 0.66× | 0.13× | ||
| Q3 24 | 0.80× | 0.13× | ||
| Q2 24 | 0.80× | 0.14× |
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 | $630.9M | — |
| 自由现金流经营现金流 - 资本支出 | $193.3M | — |
| 自由现金流率自由现金流/营收 | 15.7% | — |
| 资本支出强度资本支出/营收 | 35.5% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-132.0M | — |
8季度趋势，按日历期对齐
经营现金流LBTYARMD
| Q2 26 | — | — | ||
| Q4 25 | $630.9M | $339.7M | ||
| Q3 25 | $301.8M | $457.3M | ||
| Q2 25 | $149.2M | $538.8M | ||
| Q1 25 | $129.2M | $578.7M | ||
| Q4 24 | $791.6M | $308.6M | ||
| Q3 24 | $449.5M | $325.5M | ||
| Q2 24 | $546.1M | $440.1M |
自由现金流LBTYARMD
| Q2 26 | — | — | ||
| Q4 25 | $193.3M | $311.2M | ||
| Q3 25 | $-41.1M | $414.4M | ||
| Q2 25 | $-170.1M | $508.2M | ||
| Q1 25 | $-114.1M | $557.9M | ||
| Q4 24 | $712.9M | $288.0M | ||
| Q3 24 | $102.4M | $307.7M | ||
| Q2 24 | $256.8M | $415.2M |
自由现金流率LBTYARMD
| Q2 26 | — | — | ||
| Q4 25 | 15.7% | 21.9% | ||
| Q3 25 | -3.4% | 31.0% | ||
| Q2 25 | -13.4% | 37.7% | ||
| Q1 25 | -9.7% | 43.2% | ||
| Q4 24 | -50.5% | 22.5% | ||
| Q3 24 | 5.3% | 25.1% | ||
| Q2 24 | 13.7% | 33.9% |
资本支出强度LBTYARMD
| Q2 26 | — | — | ||
| Q4 25 | 35.5% | 2.0% | ||
| Q3 25 | 28.4% | 3.2% | ||
| Q2 25 | 25.2% | 2.3% | ||
| Q1 25 | 20.8% | 1.6% | ||
| Q4 24 | -5.6% | 1.6% | ||
| Q3 24 | 17.9% | 1.5% | ||
| Q2 24 | 15.4% | 2.0% |
现金转化率LBTYARMD
| Q2 26 | — | — | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | 0.35× | 0.90× | ||
| Q3 24 | — | 1.05× | ||
| Q2 24 | 2.04× | 1.51× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
