vs
Liberty Global Ltd.（LBTYA）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是泰瑞达的1.1倍（$1.2B vs $1.1B），泰瑞达净利率更高（23.7% vs -237.0%，领先260.7%），Liberty Global Ltd.同比增速更快（187.2% vs 43.9%），泰瑞达自由现金流更多（$218.8M vs $193.3M），过去两年泰瑞达的营收复合增速更高（34.4% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
LBTYA vs TER — 直观对比
营收规模更大
LBTYA
是对方的1.1倍
$1.1B
营收增速更快
LBTYA
高出143.3%
43.9%
净利率更高
TER
高出260.7%
-237.0%
自由现金流更多
TER
多$25.5M
$193.3M
两年增速更快
TER
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $-2.9B | $257.2M |
| 毛利率 | 66.8% | 57.2% |
| 营业利润率 | -8.6% | 27.1% |
| 净利率 | -237.0% | 23.7% |
| 营收同比 | 187.2% | 43.9% |
| 净利润同比 | -230.0% | 75.9% |
| 每股收益（稀释后） | $-8.66 | $1.62 |
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LBTYATER
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $769.2M | ||
| Q2 25 | $1.3B | $651.8M | ||
| Q1 25 | $1.2B | $685.7M | ||
| Q4 24 | $-1.4B | $752.9M | ||
| Q3 24 | $1.9B | $737.3M | ||
| Q2 24 | $1.9B | $729.9M | ||
| Q1 24 | $1.9B | $599.8M |
净利润LBTYATER
| Q4 25 | $-2.9B | $257.2M | ||
| Q3 25 | $-90.7M | $119.6M | ||
| Q2 25 | $-2.8B | $78.4M | ||
| Q1 25 | $-1.3B | $98.9M | ||
| Q4 24 | $2.2B | $146.3M | ||
| Q3 24 | $-1.4B | $145.6M | ||
| Q2 24 | $268.1M | $186.3M | ||
| Q1 24 | $510.0M | $64.2M |
毛利率LBTYATER
| Q4 25 | 66.8% | 57.2% | ||
| Q3 25 | 67.5% | 58.4% | ||
| Q2 25 | 63.3% | 57.2% | ||
| Q1 25 | 65.6% | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | 69.4% | 59.2% | ||
| Q2 24 | 68.5% | 58.3% | ||
| Q1 24 | 65.4% | 56.6% |
营业利润率LBTYATER
| Q4 25 | -8.6% | 27.1% | ||
| Q3 25 | -0.7% | 18.9% | ||
| Q2 25 | 2.3% | 13.9% | ||
| Q1 25 | 5.2% | 17.6% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | 5.2% | 20.6% | ||
| Q2 24 | 1.0% | 28.8% | ||
| Q1 24 | 1.2% | 13.0% |
净利率LBTYATER
| Q4 25 | -237.0% | 23.7% | ||
| Q3 25 | -7.5% | 15.5% | ||
| Q2 25 | -220.1% | 12.0% | ||
| Q1 25 | -114.2% | 14.4% | ||
| Q4 24 | -158.9% | 19.4% | ||
| Q3 24 | -74.1% | 19.8% | ||
| Q2 24 | 14.3% | 25.5% | ||
| Q1 24 | 26.2% | 10.7% |
每股收益（稀释后）LBTYATER
| Q4 25 | $-8.66 | $1.62 | ||
| Q3 25 | $-0.27 | $0.75 | ||
| Q2 25 | $-8.09 | $0.49 | ||
| Q1 25 | $-3.84 | $0.61 | ||
| Q4 24 | $6.15 | $0.89 | ||
| Q3 24 | $-3.95 | $0.89 | ||
| Q2 24 | $0.71 | $1.14 | ||
| Q1 24 | $1.32 | $0.40 |
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 | $2.2B | $293.8M |
| 总债务越低越好 | $7.8B | — |
| 股东权益账面价值 | $9.7B | $2.8B |
| 总资产 | $22.6B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资LBTYATER
| Q4 25 | $2.2B | $293.8M | ||
| Q3 25 | $1.7B | $272.7M | ||
| Q2 25 | $3.1B | $339.3M | ||
| Q1 25 | $2.0B | $475.6M | ||
| Q4 24 | $2.2B | $553.4M | ||
| Q3 24 | $3.3B | $510.0M | ||
| Q2 24 | $3.2B | $421.9M | ||
| Q1 24 | $2.8B | $707.4M |
总债务LBTYATER
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | $14.9B | — | ||
| Q2 24 | $14.7B | — | ||
| Q1 24 | $14.8B | — |
股东权益LBTYATER
| Q4 25 | $9.7B | $2.8B | ||
| Q3 25 | $12.7B | $2.7B | ||
| Q2 25 | $13.0B | $2.8B | ||
| Q1 25 | $12.6B | $2.8B | ||
| Q4 24 | $12.4B | $2.8B | ||
| Q3 24 | $18.7B | $2.9B | ||
| Q2 24 | $18.3B | $2.7B | ||
| Q1 24 | $18.4B | $2.6B |
总资产LBTYATER
| Q4 25 | $22.6B | $4.2B | ||
| Q3 25 | $25.4B | $4.0B | ||
| Q2 25 | $27.2B | $3.8B | ||
| Q1 25 | $26.0B | $3.7B | ||
| Q4 24 | $25.4B | $3.7B | ||
| Q3 24 | $41.8B | $3.8B | ||
| Q2 24 | $40.8B | $3.6B | ||
| Q1 24 | $40.6B | $3.4B |
负债/权益比LBTYATER
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.80× | — |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $193.3M | $218.8M |
| 自由现金流率自由现金流/营收 | 15.7% | 20.2% |
| 资本支出强度资本支出/营收 | 35.5% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 1.09× |
| 过去12个月自由现金流最近4个季度 | $-132.0M | $450.4M |
8季度趋势，按日历期对齐
经营现金流LBTYATER
| Q4 25 | $630.9M | $281.6M | ||
| Q3 25 | $301.8M | $49.0M | ||
| Q2 25 | $149.2M | $182.1M | ||
| Q1 25 | $129.2M | $161.6M | ||
| Q4 24 | $791.6M | $282.6M | ||
| Q3 24 | $449.5M | $166.3M | ||
| Q2 24 | $546.1M | $216.1M | ||
| Q1 24 | $245.7M | $7.3M |
自由现金流LBTYATER
| Q4 25 | $193.3M | $218.8M | ||
| Q3 25 | $-41.1M | $2.4M | ||
| Q2 25 | $-170.1M | $131.7M | ||
| Q1 25 | $-114.1M | $97.6M | ||
| Q4 24 | $712.9M | $225.2M | ||
| Q3 24 | $102.4M | $114.4M | ||
| Q2 24 | $256.8M | $171.2M | ||
| Q1 24 | $-105.1M | $-36.7M |
自由现金流率LBTYATER
| Q4 25 | 15.7% | 20.2% | ||
| Q3 25 | -3.4% | 0.3% | ||
| Q2 25 | -13.4% | 20.2% | ||
| Q1 25 | -9.7% | 14.2% | ||
| Q4 24 | -50.5% | 29.9% | ||
| Q3 24 | 5.3% | 15.5% | ||
| Q2 24 | 13.7% | 23.5% | ||
| Q1 24 | -5.4% | -6.1% |
资本支出强度LBTYATER
| Q4 25 | 35.5% | 5.8% | ||
| Q3 25 | 28.4% | 6.1% | ||
| Q2 25 | 25.2% | 7.7% | ||
| Q1 25 | 20.8% | 9.3% | ||
| Q4 24 | -5.6% | 7.6% | ||
| Q3 24 | 17.9% | 7.0% | ||
| Q2 24 | 15.4% | 6.1% | ||
| Q1 24 | 18.0% | 7.3% |
现金转化率LBTYATER
| Q4 25 | — | 1.09× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 0.35× | 1.93× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | 2.04× | 1.16× | ||
| Q1 24 | 0.48× | 0.11× |
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
暂无分部数据
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
