vs
Liberty Global Ltd.（LBTYA）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
捷迈邦美的季度营收约是Liberty Global Ltd.的1.7倍（$2.1B vs $1.2B），捷迈邦美净利率更高（11.4% vs -237.0%，领先248.4%），Liberty Global Ltd.同比增速更快（187.2% vs 9.3%），捷迈邦美自由现金流更多（$245.9M vs $193.3M），过去两年捷迈邦美的营收复合增速更高（3.7% 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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
LBTYA vs ZBH — 直观对比
营收规模更大
ZBH
是对方的1.7倍
$1.2B
营收增速更快
LBTYA
高出177.9%
9.3%
净利率更高
ZBH
高出248.4%
-237.0%
自由现金流更多
ZBH
多$52.6M
$193.3M
两年增速更快
ZBH
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $-2.9B | $238.3M |
| 毛利率 | 66.8% | 64.6% |
| 营业利润率 | -8.6% | 17.9% |
| 净利率 | -237.0% | 11.4% |
| 营收同比 | 187.2% | 9.3% |
| 净利润同比 | -230.0% | 30.5% |
| 每股收益（稀释后） | $-8.66 | $1.22 |
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LBTYAZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $-1.4B | $2.0B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.9B | $1.9B |
净利润LBTYAZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $-2.9B | $139.4M | ||
| Q3 25 | $-90.7M | $230.9M | ||
| Q2 25 | $-2.8B | $152.8M | ||
| Q1 25 | $-1.3B | $182.0M | ||
| Q4 24 | $2.2B | $239.5M | ||
| Q3 24 | $-1.4B | $249.1M | ||
| Q2 24 | $268.1M | $242.8M |
毛利率LBTYAZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 66.8% | 64.7% | ||
| Q3 25 | 67.5% | 72.1% | ||
| Q2 25 | 63.3% | 71.5% | ||
| Q1 25 | 65.6% | 71.2% | ||
| Q4 24 | — | 71.0% | ||
| Q3 24 | 69.4% | 70.5% | ||
| Q2 24 | 68.5% | 71.5% |
营业利润率LBTYAZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | -8.6% | 6.9% | ||
| Q3 25 | -0.7% | 17.6% | ||
| Q2 25 | 2.3% | 14.4% | ||
| Q1 25 | 5.2% | 15.3% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | 5.2% | 15.3% | ||
| Q2 24 | 1.0% | 18.1% |
净利率LBTYAZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | -237.0% | 6.2% | ||
| Q3 25 | -7.5% | 11.5% | ||
| Q2 25 | -220.1% | 7.4% | ||
| Q1 25 | -114.2% | 9.5% | ||
| Q4 24 | -158.9% | 11.8% | ||
| Q3 24 | -74.1% | 13.7% | ||
| Q2 24 | 14.3% | 12.5% |
每股收益（稀释后）LBTYAZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $-8.66 | $0.71 | ||
| Q3 25 | $-0.27 | $1.16 | ||
| Q2 25 | $-8.09 | $0.77 | ||
| Q1 25 | $-3.84 | $0.91 | ||
| Q4 24 | $6.15 | $1.18 | ||
| Q3 24 | $-3.95 | $1.23 | ||
| Q2 24 | $0.71 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $7.8B | $7.5B |
| 股东权益账面价值 | $9.7B | $12.7B |
| 总资产 | $22.6B | $22.7B |
| 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LBTYAZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $2.2B | $591.9M | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $3.1B | $556.9M | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.2B | $525.5M | ||
| Q3 24 | $3.3B | $569.0M | ||
| Q2 24 | $3.2B | $420.1M |
总债务LBTYAZBH
| Q1 26 | — | $7.5B | ||
| 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LBTYAZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $9.7B | $12.7B | ||
| Q3 25 | $12.7B | $12.8B | ||
| Q2 25 | $13.0B | $12.5B | ||
| Q1 25 | $12.6B | $12.4B | ||
| Q4 24 | $12.4B | $12.5B | ||
| Q3 24 | $18.7B | $12.4B | ||
| Q2 24 | $18.3B | $12.7B |
总资产LBTYAZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $22.6B | $23.1B | ||
| Q3 25 | $25.4B | $23.5B | ||
| Q2 25 | $27.2B | $22.9B | ||
| Q1 25 | $26.0B | $22.2B | ||
| Q4 24 | $25.4B | $21.4B | ||
| Q3 24 | $41.8B | $21.7B | ||
| Q2 24 | $40.8B | $21.5B |
负债/权益比LBTYAZBH
| Q1 26 | — | 0.59× | ||
| 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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $193.3M | $245.9M |
| 自由现金流率自由现金流/营收 | 15.7% | 11.8% |
| 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 | — | 1.51× |
| 过去12个月自由现金流最近4个季度 | $-132.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流LBTYAZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $630.9M | $517.4M | ||
| Q3 25 | $301.8M | $418.7M | ||
| Q2 25 | $149.2M | $378.2M | ||
| Q1 25 | $129.2M | $382.8M | ||
| Q4 24 | $791.6M | $506.3M | ||
| Q3 24 | $449.5M | $395.7M | ||
| Q2 24 | $546.1M | $369.4M |
自由现金流LBTYAZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $193.3M | $442.6M | ||
| Q3 25 | $-41.1M | $363.7M | ||
| Q2 25 | $-170.1M | $328.1M | ||
| Q1 25 | $-114.1M | $338.2M | ||
| Q4 24 | $712.9M | $454.8M | ||
| Q3 24 | $102.4M | $351.2M | ||
| Q2 24 | $256.8M | $316.7M |
自由现金流率LBTYAZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 15.7% | 19.7% | ||
| Q3 25 | -3.4% | 18.2% | ||
| Q2 25 | -13.4% | 15.8% | ||
| Q1 25 | -9.7% | 17.7% | ||
| Q4 24 | -50.5% | 22.5% | ||
| Q3 24 | 5.3% | 19.3% | ||
| Q2 24 | 13.7% | 16.3% |
资本支出强度LBTYAZBH
| Q1 26 | — | — | ||
| Q4 25 | 35.5% | 3.3% | ||
| Q3 25 | 28.4% | 2.7% | ||
| Q2 25 | 25.2% | 2.4% | ||
| Q1 25 | 20.8% | 2.3% | ||
| Q4 24 | -5.6% | 2.5% | ||
| Q3 24 | 17.9% | 2.4% | ||
| Q2 24 | 15.4% | 2.7% |
现金转化率LBTYAZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | — | 2.48× | ||
| Q1 25 | — | 2.10× | ||
| Q4 24 | 0.35× | 2.11× | ||
| Q3 24 | — | 1.59× | ||
| Q2 24 | 2.04× | 1.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
