vs
Liberty Global Ltd.（LBTYA）与凯旋（TFIN）财务数据对比。点击上方公司名可切换其他公司
凯旋的季度营收约是Liberty Global Ltd.的1.9倍（$2.4B vs $1.2B），凯旋净利率更高（0.3% vs -237.0%，领先237.2%），Liberty Global Ltd.同比增速更快（187.2% vs 2.6%），过去两年凯旋的营收复合增速更高（377.6% 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。
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
LBTYA vs TFIN — 直观对比
营收规模更大
TFIN
是对方的1.9倍
$1.2B
营收增速更快
LBTYA
高出184.6%
2.6%
净利率更高
TFIN
高出237.2%
-237.0%
两年增速更快
TFIN
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.4B |
| 净利润 | $-2.9B | $6.4M |
| 毛利率 | 66.8% | 86.1% |
| 营业利润率 | -8.6% | — |
| 净利率 | -237.0% | 0.3% |
| 营收同比 | 187.2% | 2.6% |
| 净利润同比 | -230.0% | -66.9% |
| 每股收益（稀释后） | $-8.66 | $0.23 |
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LBTYATFIN
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.2B | $120.1M | ||
| Q3 25 | $1.2B | $109.3M | ||
| Q2 25 | $1.3B | $108.1M | ||
| Q1 25 | $1.2B | $101.6M | ||
| Q4 24 | $-1.4B | $103.6M | ||
| Q3 24 | $1.9B | $106.2M | ||
| Q2 24 | $1.9B | $105.1M |
净利润LBTYATFIN
| Q1 26 | — | $6.4M | ||
| Q4 25 | $-2.9B | — | ||
| Q3 25 | $-90.7M | $1.7M | ||
| Q2 25 | $-2.8B | $4.4M | ||
| Q1 25 | $-1.3B | $17.0K | ||
| Q4 24 | $2.2B | $3.8M | ||
| Q3 24 | $-1.4B | $5.3M | ||
| Q2 24 | $268.1M | $2.7M |
毛利率LBTYATFIN
| Q1 26 | — | 86.1% | ||
| 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LBTYATFIN
| Q1 26 | — | — | ||
| Q4 25 | -8.6% | — | ||
| Q3 25 | -0.7% | 1.2% | ||
| Q2 25 | 2.3% | 7.3% | ||
| Q1 25 | 5.2% | 0.1% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | 5.2% | 5.9% | ||
| Q2 24 | 1.0% | 3.4% |
净利率LBTYATFIN
| Q1 26 | — | 0.3% | ||
| Q4 25 | -237.0% | — | ||
| Q3 25 | -7.5% | 1.6% | ||
| Q2 25 | -220.1% | 4.1% | ||
| Q1 25 | -114.2% | 0.0% | ||
| Q4 24 | -158.9% | 3.7% | ||
| Q3 24 | -74.1% | 5.0% | ||
| Q2 24 | 14.3% | 2.6% |
每股收益（稀释后）LBTYATFIN
| Q1 26 | — | $0.23 | ||
| Q4 25 | $-8.66 | — | ||
| Q3 25 | $-0.27 | $0.04 | ||
| Q2 25 | $-8.09 | $0.15 | ||
| Q1 25 | $-3.84 | $-0.03 | ||
| Q4 24 | $6.15 | $0.13 | ||
| Q3 24 | $-3.95 | $0.19 | ||
| Q2 24 | $0.71 | $0.08 |
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 | — |
| 总债务越低越好 | $7.8B | — |
| 股东权益账面价值 | $9.7B | $950.7M |
| 总资产 | $22.6B | $6.9B |
| 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LBTYATFIN
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $248.5M | ||
| Q3 25 | $1.7B | $147.2M | ||
| Q2 25 | $3.1B | $282.3M | ||
| Q1 25 | $2.0B | $502.9M | ||
| Q4 24 | $2.2B | $330.1M | ||
| Q3 24 | $3.3B | $489.3M | ||
| Q2 24 | $3.2B | $500.7M |
总债务LBTYATFIN
| Q1 26 | — | — | ||
| 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 | — |
股东权益LBTYATFIN
| Q1 26 | — | $950.7M | ||
| Q4 25 | $9.7B | $941.8M | ||
| Q3 25 | $12.7B | $919.3M | ||
| Q2 25 | $13.0B | $912.4M | ||
| Q1 25 | $12.6B | $893.9M | ||
| Q4 24 | $12.4B | $890.9M | ||
| Q3 24 | $18.7B | $885.8M | ||
| Q2 24 | $18.3B | $874.2M |
总资产LBTYATFIN
| Q1 26 | — | $6.9B | ||
| Q4 25 | $22.6B | $6.4B | ||
| Q3 25 | $25.4B | $6.4B | ||
| Q2 25 | $27.2B | $6.5B | ||
| Q1 25 | $26.0B | $6.3B | ||
| Q4 24 | $25.4B | $5.9B | ||
| Q3 24 | $41.8B | $5.9B | ||
| Q2 24 | $40.8B | $5.8B |
负债/权益比LBTYATFIN
| Q1 26 | — | — | ||
| 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× | — |
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LBTYATFIN
| Q1 26 | — | — | ||
| Q4 25 | $630.9M | $67.1M | ||
| Q3 25 | $301.8M | $24.4M | ||
| Q2 25 | $149.2M | $9.8M | ||
| Q1 25 | $129.2M | $-3.6M | ||
| Q4 24 | $791.6M | $58.5M | ||
| Q3 24 | $449.5M | $26.6M | ||
| Q2 24 | $546.1M | $21.9M |
自由现金流LBTYATFIN
| Q1 26 | — | — | ||
| Q4 25 | $193.3M | — | ||
| Q3 25 | $-41.1M | $22.4M | ||
| Q2 25 | $-170.1M | $6.8M | ||
| Q1 25 | $-114.1M | $-7.9M | ||
| Q4 24 | $712.9M | — | ||
| Q3 24 | $102.4M | $25.8M | ||
| Q2 24 | $256.8M | $-31.9M |
自由现金流率LBTYATFIN
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | -3.4% | 20.5% | ||
| Q2 25 | -13.4% | 6.2% | ||
| Q1 25 | -9.7% | -7.7% | ||
| Q4 24 | -50.5% | — | ||
| Q3 24 | 5.3% | 24.3% | ||
| Q2 24 | 13.7% | -30.3% |
资本支出强度LBTYATFIN
| Q1 26 | — | — | ||
| Q4 25 | 35.5% | — | ||
| Q3 25 | 28.4% | 1.8% | ||
| Q2 25 | 25.2% | 2.8% | ||
| Q1 25 | 20.8% | 4.2% | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | 17.9% | 0.8% | ||
| Q2 24 | 15.4% | 51.1% |
现金转化率LBTYATFIN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.29× | ||
| Q2 25 | — | 2.22× | ||
| Q1 25 | — | -212.82× | ||
| Q4 24 | 0.35× | 15.25× | ||
| Q3 24 | — | 4.97× | ||
| Q2 24 | 2.04× | 7.95× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
