vs
Liberty Global Ltd.（LBTYA）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
惠好的季度营收约是Liberty Global Ltd.的1.3倍（$1.5B vs $1.2B），惠好净利率更高（4.8% vs -237.0%，领先241.8%），Liberty Global Ltd.同比增速更快（187.2% vs -9.8%），Liberty Global Ltd.自由现金流更多（$193.3M vs $-128.0M），过去两年惠好的营收复合增速更高（-7.4% 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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
LBTYA vs WY — 直观对比
营收规模更大
WY
是对方的1.3倍
$1.2B
营收增速更快
LBTYA
高出197.0%
-9.8%
净利率更高
WY
高出241.8%
-237.0%
自由现金流更多
LBTYA
多$321.3M
$-128.0M
两年增速更快
WY
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $-2.9B | $74.0M |
| 毛利率 | 66.8% | 10.4% |
| 营业利润率 | -8.6% | 16.3% |
| 净利率 | -237.0% | 4.8% |
| 营收同比 | 187.2% | -9.8% |
| 净利润同比 | -230.0% | -8.6% |
| 每股收益（稀释后） | $-8.66 | $0.11 |
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LBTYAWY
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $-1.4B | $1.7B | ||
| Q3 24 | $1.9B | $1.7B | ||
| Q2 24 | $1.9B | $1.9B | ||
| Q1 24 | $1.9B | $1.8B |
净利润LBTYAWY
| Q4 25 | $-2.9B | $74.0M | ||
| Q3 25 | $-90.7M | $80.0M | ||
| Q2 25 | $-2.8B | $87.0M | ||
| Q1 25 | $-1.3B | $83.0M | ||
| Q4 24 | $2.2B | $81.0M | ||
| Q3 24 | $-1.4B | $28.0M | ||
| Q2 24 | $268.1M | $173.0M | ||
| Q1 24 | $510.0M | $114.0M |
毛利率LBTYAWY
| Q4 25 | 66.8% | 10.4% | ||
| Q3 25 | 67.5% | 11.9% | ||
| Q2 25 | 63.3% | 17.3% | ||
| Q1 25 | 65.6% | 19.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | 69.4% | 14.9% | ||
| Q2 24 | 68.5% | 20.8% | ||
| Q1 24 | 65.4% | 19.8% |
营业利润率LBTYAWY
| Q4 25 | -8.6% | 16.3% | ||
| Q3 25 | -0.7% | 7.2% | ||
| Q2 25 | 2.3% | 9.4% | ||
| Q1 25 | 5.2% | 10.2% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | 5.2% | 4.6% | ||
| Q2 24 | 1.0% | 13.9% | ||
| Q1 24 | 1.2% | 10.9% |
净利率LBTYAWY
| Q4 25 | -237.0% | 4.8% | ||
| Q3 25 | -7.5% | 4.7% | ||
| Q2 25 | -220.1% | 4.6% | ||
| Q1 25 | -114.2% | 4.7% | ||
| Q4 24 | -158.9% | 4.7% | ||
| Q3 24 | -74.1% | 1.7% | ||
| Q2 24 | 14.3% | 8.9% | ||
| Q1 24 | 26.2% | 6.3% |
每股收益（稀释后）LBTYAWY
| Q4 25 | $-8.66 | $0.11 | ||
| Q3 25 | $-0.27 | $0.11 | ||
| Q2 25 | $-8.09 | $0.12 | ||
| Q1 25 | $-3.84 | $0.11 | ||
| Q4 24 | $6.15 | $0.10 | ||
| Q3 24 | $-3.95 | $0.04 | ||
| Q2 24 | $0.71 | $0.24 | ||
| Q1 24 | $1.32 | $0.16 |
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 | $464.0M |
| 总债务越低越好 | $7.8B | $5.6B |
| 股东权益账面价值 | $9.7B | $9.4B |
| 总资产 | $22.6B | $16.6B |
| 负债/权益比越低杠杆越低 | 0.80× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资LBTYAWY
| Q4 25 | $2.2B | $464.0M | ||
| Q3 25 | $1.7B | $401.0M | ||
| Q2 25 | $3.1B | $592.0M | ||
| Q1 25 | $2.0B | $560.0M | ||
| Q4 24 | $2.2B | $684.0M | ||
| Q3 24 | $3.3B | $877.0M | ||
| Q2 24 | $3.2B | $997.0M | ||
| Q1 24 | $2.8B | $871.0M |
总债务LBTYAWY
| Q4 25 | $7.8B | $5.6B | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.2B | $5.1B | ||
| Q3 24 | $14.9B | — | ||
| Q2 24 | $14.7B | — | ||
| Q1 24 | $14.8B | — |
股东权益LBTYAWY
| Q4 25 | $9.7B | $9.4B | ||
| Q3 25 | $12.7B | $9.4B | ||
| Q2 25 | $13.0B | $9.5B | ||
| Q1 25 | $12.6B | $9.6B | ||
| Q4 24 | $12.4B | $9.7B | ||
| Q3 24 | $18.7B | $9.9B | ||
| Q2 24 | $18.3B | $10.0B | ||
| Q1 24 | $18.4B | $10.1B |
总资产LBTYAWY
| Q4 25 | $22.6B | $16.6B | ||
| Q3 25 | $25.4B | $16.7B | ||
| Q2 25 | $27.2B | $16.5B | ||
| Q1 25 | $26.0B | $16.5B | ||
| Q4 24 | $25.4B | $16.5B | ||
| Q3 24 | $41.8B | $16.7B | ||
| Q2 24 | $40.8B | $16.8B | ||
| Q1 24 | $40.6B | $16.8B |
负债/权益比LBTYAWY
| Q4 25 | 0.80× | 0.59× | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.66× | 0.52× | ||
| 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $193.3M | $-128.0M |
| 自由现金流率自由现金流/营收 | 15.7% | -8.3% |
| 资本支出强度资本支出/营收 | 35.5% | 0.9% |
| 现金转化率经营现金流/净利润 | — | -1.54× |
| 过去12个月自由现金流最近4个季度 | $-132.0M | $511.0M |
8季度趋势，按日历期对齐
经营现金流LBTYAWY
| Q4 25 | $630.9M | $-114.0M | ||
| Q3 25 | $301.8M | $210.0M | ||
| Q2 25 | $149.2M | $396.0M | ||
| Q1 25 | $129.2M | $70.0M | ||
| Q4 24 | $791.6M | $218.0M | ||
| Q3 24 | $449.5M | $234.0M | ||
| Q2 24 | $546.1M | $432.0M | ||
| Q1 24 | $245.7M | $124.0M |
自由现金流LBTYAWY
| Q4 25 | $193.3M | $-128.0M | ||
| Q3 25 | $-41.1M | $203.0M | ||
| Q2 25 | $-170.1M | $388.0M | ||
| Q1 25 | $-114.1M | $48.0M | ||
| Q4 24 | $712.9M | $205.0M | ||
| Q3 24 | $102.4M | $226.0M | ||
| Q2 24 | $256.8M | $423.0M | ||
| Q1 24 | $-105.1M | $102.0M |
自由现金流率LBTYAWY
| Q4 25 | 15.7% | -8.3% | ||
| Q3 25 | -3.4% | 11.8% | ||
| Q2 25 | -13.4% | 20.6% | ||
| Q1 25 | -9.7% | 2.7% | ||
| Q4 24 | -50.5% | 12.0% | ||
| Q3 24 | 5.3% | 13.4% | ||
| Q2 24 | 13.7% | 21.8% | ||
| Q1 24 | -5.4% | 5.7% |
资本支出强度LBTYAWY
| Q4 25 | 35.5% | 0.9% | ||
| Q3 25 | 28.4% | 0.4% | ||
| Q2 25 | 25.2% | 0.4% | ||
| Q1 25 | 20.8% | 1.2% | ||
| Q4 24 | -5.6% | 0.8% | ||
| Q3 24 | 17.9% | 0.5% | ||
| Q2 24 | 15.4% | 0.5% | ||
| Q1 24 | 18.0% | 1.2% |
现金转化率LBTYAWY
| Q4 25 | — | -1.54× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 4.55× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | 0.35× | 2.69× | ||
| Q3 24 | — | 8.36× | ||
| Q2 24 | 2.04× | 2.50× | ||
| Q1 24 | 0.48× | 1.09× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
