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Liberty Global Ltd.（LBTYA）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的2.9倍（$2.4B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 15.0%，领先13.7%），Ubiquiti Inc.同比增速更快（35.8% vs -3.6%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 12.9%）
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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
LBTYA vs UI — 直观对比
营收规模更大
LBTYA
是对方的2.9倍
$814.9M
营收增速更快
UI
高出39.5%
-3.6%
净利率更高
UI
高出13.7%
15.0%
两年增速更快
UI
近两年复合增速
12.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $814.9M |
| 净利润 | $358.2M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 1.0% | 35.9% |
| 净利率 | 15.0% | 28.7% |
| 营收同比 | -3.6% | 35.8% |
| 净利润同比 | 127.1% | 70.8% |
| 每股收益（稀释后） | — | $3.86 |
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LBTYAUI
| Q1 26 | $2.4B | — | ||
| Q4 25 | $1.2B | $814.9M | ||
| Q3 25 | $1.2B | $733.8M | ||
| Q2 25 | $1.3B | $759.2M | ||
| Q1 25 | $1.2B | $664.2M | ||
| Q4 24 | $-1.4B | $599.9M | ||
| Q3 24 | $1.9B | $550.3M | ||
| Q2 24 | $1.9B | $507.5M |
净利润LBTYAUI
| Q1 26 | $358.2M | — | ||
| Q4 25 | $-2.9B | $233.6M | ||
| Q3 25 | $-90.7M | $207.9M | ||
| Q2 25 | $-2.8B | $266.7M | ||
| Q1 25 | $-1.3B | $180.4M | ||
| Q4 24 | $2.2B | $136.8M | ||
| Q3 24 | $-1.4B | $128.0M | ||
| Q2 24 | $268.1M | $103.8M |
毛利率LBTYAUI
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | 45.9% | ||
| Q3 25 | 67.5% | 46.0% | ||
| Q2 25 | 63.3% | 45.1% | ||
| Q1 25 | 65.6% | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | 69.4% | 42.1% | ||
| Q2 24 | 68.5% | 40.2% |
营业利润率LBTYAUI
| Q1 26 | 1.0% | — | ||
| Q4 25 | -8.6% | 35.9% | ||
| Q3 25 | -0.7% | 35.7% | ||
| Q2 25 | 2.3% | 34.4% | ||
| Q1 25 | 5.2% | 34.2% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | 5.2% | 30.7% | ||
| Q2 24 | 1.0% | 27.3% |
净利率LBTYAUI
| Q1 26 | 15.0% | — | ||
| Q4 25 | -237.0% | 28.7% | ||
| Q3 25 | -7.5% | 28.3% | ||
| Q2 25 | -220.1% | 35.1% | ||
| Q1 25 | -114.2% | 27.2% | ||
| Q4 24 | -158.9% | 22.8% | ||
| Q3 24 | -74.1% | 23.3% | ||
| Q2 24 | 14.3% | 20.5% |
每股收益（稀释后）LBTYAUI
| Q1 26 | — | — | ||
| Q4 25 | $-8.66 | $3.86 | ||
| Q3 25 | $-0.27 | $3.43 | ||
| Q2 25 | $-8.09 | $4.40 | ||
| Q1 25 | $-3.84 | $2.98 | ||
| Q4 24 | $6.15 | $2.26 | ||
| Q3 24 | $-3.95 | $2.12 | ||
| Q2 24 | $0.71 | $1.72 |
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 | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | — | $1.0B |
| 总资产 | — | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资LBTYAUI
| Q1 26 | $-387.3M | — | ||
| Q4 25 | $2.2B | $302.8M | ||
| Q3 25 | $1.7B | $177.2M | ||
| Q2 25 | $3.1B | $149.7M | ||
| Q1 25 | $2.0B | $151.0M | ||
| Q4 24 | $2.2B | $133.1M | ||
| Q3 24 | $3.3B | $165.2M | ||
| Q2 24 | $3.2B | $126.3M |
总债务LBTYAUI
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | $47.5M | ||
| Q3 25 | $7.8B | $133.8M | ||
| Q2 25 | $7.8B | $250.0M | ||
| Q1 25 | $8.2B | $340.0M | ||
| Q4 24 | $8.2B | $406.3M | ||
| Q3 24 | $14.9B | $552.5M | ||
| Q2 24 | $14.7B | $708.1M |
股东权益LBTYAUI
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $1.0B | ||
| Q3 25 | $12.7B | $828.4M | ||
| Q2 25 | $13.0B | $668.3M | ||
| Q1 25 | $12.6B | $436.1M | ||
| Q4 24 | $12.4B | $290.4M | ||
| Q3 24 | $18.7B | $188.1M | ||
| Q2 24 | $18.3B | $95.1M |
总资产LBTYAUI
| Q1 26 | — | — | ||
| Q4 25 | $22.6B | $1.6B | ||
| Q3 25 | $25.4B | $1.5B | ||
| Q2 25 | $27.2B | $1.5B | ||
| Q1 25 | $26.0B | $1.3B | ||
| Q4 24 | $25.4B | $1.2B | ||
| Q3 24 | $41.8B | $1.2B | ||
| Q2 24 | $40.8B | $1.2B |
负债/权益比LBTYAUI
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.05× | ||
| Q3 25 | 0.61× | 0.16× | ||
| Q2 25 | 0.60× | 0.37× | ||
| Q1 25 | 0.65× | 0.78× | ||
| Q4 24 | 0.66× | 1.40× | ||
| Q3 24 | 0.80× | 2.94× | ||
| Q2 24 | 0.80× | 7.45× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | — | $260.3M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | 1.5% | 0.4% |
| 现金转化率经营现金流/净利润 | 0.30× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流LBTYAUI
| Q1 26 | $107.6M | — | ||
| Q4 25 | $630.9M | $263.9M | ||
| Q3 25 | $301.8M | $198.5M | ||
| Q2 25 | $149.2M | $130.4M | ||
| Q1 25 | $129.2M | $123.6M | ||
| Q4 24 | $791.6M | $152.4M | ||
| Q3 24 | $449.5M | $233.7M | ||
| Q2 24 | $546.1M | $231.4M |
自由现金流LBTYAUI
| Q1 26 | — | — | ||
| Q4 25 | $193.3M | $260.3M | ||
| Q3 25 | $-41.1M | $193.3M | ||
| Q2 25 | $-170.1M | $125.2M | ||
| Q1 25 | $-114.1M | $120.7M | ||
| Q4 24 | $712.9M | $150.4M | ||
| Q3 24 | $102.4M | $231.1M | ||
| Q2 24 | $256.8M | $229.5M |
自由现金流率LBTYAUI
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | 31.9% | ||
| Q3 25 | -3.4% | 26.3% | ||
| Q2 25 | -13.4% | 16.5% | ||
| Q1 25 | -9.7% | 18.2% | ||
| Q4 24 | -50.5% | 25.1% | ||
| Q3 24 | 5.3% | 42.0% | ||
| Q2 24 | 13.7% | 45.2% |
资本支出强度LBTYAUI
| Q1 26 | 1.5% | — | ||
| Q4 25 | 35.5% | 0.4% | ||
| Q3 25 | 28.4% | 0.7% | ||
| Q2 25 | 25.2% | 0.7% | ||
| Q1 25 | 20.8% | 0.4% | ||
| Q4 24 | -5.6% | 0.3% | ||
| Q3 24 | 17.9% | 0.5% | ||
| Q2 24 | 15.4% | 0.4% |
现金转化率LBTYAUI
| Q1 26 | 0.30× | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 0.35× | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | 2.04× | 2.23× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
