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LCI INDUSTRIES（LCII）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
LCI INDUSTRIES的季度营收约是Ubiquiti Inc.的1.1倍（$932.7M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 2.0%，领先26.7%），Ubiquiti Inc.同比增速更快（35.8% vs 16.1%），Ubiquiti Inc.自由现金流更多（$260.3M vs $64.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -1.8%）
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
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。
LCII vs UI — 直观对比
营收规模更大
LCII
是对方的1.1倍
$814.9M
营收增速更快
UI
高出19.7%
16.1%
净利率更高
UI
高出26.7%
2.0%
自由现金流更多
UI
多$196.0M
$64.3M
两年增速更快
UI
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $814.9M |
| 净利润 | $18.7M | $233.6M |
| 毛利率 | 22.1% | 45.9% |
| 营业利润率 | 3.8% | 35.9% |
| 净利率 | 2.0% | 28.7% |
| 营收同比 | 16.1% | 35.8% |
| 净利润同比 | 95.7% | 70.8% |
| 每股收益（稀释后） | $0.79 | $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LCIIUI
| Q4 25 | $932.7M | $814.9M | ||
| Q3 25 | $1.0B | $733.8M | ||
| Q2 25 | $1.1B | $759.2M | ||
| Q1 25 | $1.0B | $664.2M | ||
| Q4 24 | $803.1M | $599.9M | ||
| Q3 24 | $915.5M | $550.3M | ||
| Q2 24 | $1.1B | $507.5M | ||
| Q1 24 | $968.0M | $493.0M |
净利润LCIIUI
| Q4 25 | $18.7M | $233.6M | ||
| Q3 25 | $62.5M | $207.9M | ||
| Q2 25 | $57.6M | $266.7M | ||
| Q1 25 | $49.4M | $180.4M | ||
| Q4 24 | $9.5M | $136.8M | ||
| Q3 24 | $35.6M | $128.0M | ||
| Q2 24 | $61.2M | $103.8M | ||
| Q1 24 | $36.5M | $76.3M |
毛利率LCIIUI
| Q4 25 | 22.1% | 45.9% | ||
| Q3 25 | 24.4% | 46.0% | ||
| Q2 25 | 24.4% | 45.1% | ||
| Q1 25 | 24.1% | 44.5% | ||
| Q4 24 | 21.1% | 41.2% | ||
| Q3 24 | 24.0% | 42.1% | ||
| Q2 24 | 25.3% | 40.2% | ||
| Q1 24 | 23.1% | 35.3% |
营业利润率LCIIUI
| Q4 25 | 3.8% | 35.9% | ||
| Q3 25 | 7.3% | 35.7% | ||
| Q2 25 | 7.9% | 34.4% | ||
| Q1 25 | 7.8% | 34.2% | ||
| Q4 24 | 2.0% | 29.8% | ||
| Q3 24 | 5.9% | 30.7% | ||
| Q2 24 | 8.6% | 27.3% | ||
| Q1 24 | 6.0% | 22.6% |
净利率LCIIUI
| Q4 25 | 2.0% | 28.7% | ||
| Q3 25 | 6.0% | 28.3% | ||
| Q2 25 | 5.2% | 35.1% | ||
| Q1 25 | 4.7% | 27.2% | ||
| Q4 24 | 1.2% | 22.8% | ||
| Q3 24 | 3.9% | 23.3% | ||
| Q2 24 | 5.8% | 20.5% | ||
| Q1 24 | 3.8% | 15.5% |
每股收益（稀释后）LCIIUI
| Q4 25 | $0.79 | $3.86 | ||
| Q3 25 | $2.55 | $3.43 | ||
| Q2 25 | $2.29 | $4.40 | ||
| Q1 25 | $1.94 | $2.98 | ||
| Q4 24 | $0.37 | $2.26 | ||
| Q3 24 | $1.39 | $2.12 | ||
| Q2 24 | $2.40 | $1.72 | ||
| Q1 24 | $1.44 | $1.26 |
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 | $222.6M | $302.8M |
| 总债务越低越好 | $945.2M | $47.5M |
| 股东权益账面价值 | $1.4B | $1.0B |
| 总资产 | $3.2B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资LCIIUI
| Q4 25 | $222.6M | $302.8M | ||
| Q3 25 | $199.7M | $177.2M | ||
| Q2 25 | $191.9M | $149.7M | ||
| Q1 25 | $231.2M | $151.0M | ||
| Q4 24 | $165.8M | $133.1M | ||
| Q3 24 | $161.2M | $165.2M | ||
| Q2 24 | $130.4M | $126.3M | ||
| Q1 24 | $22.6M | $102.5M |
总债务LCIIUI
| Q4 25 | $945.2M | $47.5M | ||
| Q3 25 | $947.8M | $133.8M | ||
| Q2 25 | $948.0M | $250.0M | ||
| Q1 25 | $938.3M | $340.0M | ||
| Q4 24 | $757.3M | $406.3M | ||
| Q3 24 | $822.5M | $552.5M | ||
| Q2 24 | $829.7M | $708.1M | ||
| Q1 24 | $855.3M | $877.5M |
股东权益LCIIUI
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $828.4M | ||
| Q2 25 | $1.4B | $668.3M | ||
| Q1 25 | $1.4B | $436.1M | ||
| Q4 24 | $1.4B | $290.4M | ||
| Q3 24 | $1.4B | $188.1M | ||
| Q2 24 | $1.4B | $95.1M | ||
| Q1 24 | $1.4B | $25.9M |
总资产LCIIUI
| Q4 25 | $3.2B | $1.6B | ||
| Q3 25 | $3.2B | $1.5B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | $3.0B | $1.2B | ||
| Q2 24 | $3.0B | $1.2B | ||
| Q1 24 | $3.0B | $1.2B |
负债/权益比LCIIUI
| Q4 25 | 0.69× | 0.05× | ||
| Q3 25 | 0.70× | 0.16× | ||
| Q2 25 | 0.68× | 0.37× | ||
| Q1 25 | 0.69× | 0.78× | ||
| Q4 24 | 0.55× | 1.40× | ||
| Q3 24 | 0.58× | 2.94× | ||
| Q2 24 | 0.60× | 7.45× | ||
| Q1 24 | 0.63× | 33.92× |
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 | $78.9M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $260.3M |
| 自由现金流率自由现金流/营收 | 6.9% | 31.9% |
| 资本支出强度资本支出/营收 | 1.6% | 0.4% |
| 现金转化率经营现金流/净利润 | 4.22× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $278.3M | $699.5M |
8季度趋势，按日历期对齐
经营现金流LCIIUI
| Q4 25 | $78.9M | $263.9M | ||
| Q3 25 | $97.2M | $198.5M | ||
| Q2 25 | $112.2M | $130.4M | ||
| Q1 25 | $42.7M | $123.6M | ||
| Q4 24 | $106.6M | $152.4M | ||
| Q3 24 | $78.4M | $233.7M | ||
| Q2 24 | $192.9M | $231.4M | ||
| Q1 24 | $-7.7M | $163.9M |
自由现金流LCIIUI
| Q4 25 | $64.3M | $260.3M | ||
| Q3 25 | $80.9M | $193.3M | ||
| Q2 25 | $99.5M | $125.2M | ||
| Q1 25 | $33.7M | $120.7M | ||
| Q4 24 | $95.7M | $150.4M | ||
| Q3 24 | $68.3M | $231.1M | ||
| Q2 24 | $180.2M | $229.5M | ||
| Q1 24 | $-16.3M | $160.6M |
自由现金流率LCIIUI
| Q4 25 | 6.9% | 31.9% | ||
| Q3 25 | 7.8% | 26.3% | ||
| Q2 25 | 9.0% | 16.5% | ||
| Q1 25 | 3.2% | 18.2% | ||
| Q4 24 | 11.9% | 25.1% | ||
| Q3 24 | 7.5% | 42.0% | ||
| Q2 24 | 17.1% | 45.2% | ||
| Q1 24 | -1.7% | 32.6% |
资本支出强度LCIIUI
| Q4 25 | 1.6% | 0.4% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.2% | 0.7% | ||
| Q1 25 | 0.9% | 0.4% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 1.2% | 0.4% | ||
| Q1 24 | 0.9% | 0.7% |
现金转化率LCIIUI
| Q4 25 | 4.22× | 1.13× | ||
| Q3 25 | 1.55× | 0.95× | ||
| Q2 25 | 1.95× | 0.49× | ||
| Q1 25 | 0.86× | 0.68× | ||
| Q4 24 | 11.17× | 1.11× | ||
| Q3 24 | 2.20× | 1.83× | ||
| Q2 24 | 3.15× | 2.23× | ||
| Q1 24 | -0.21× | 2.15× |
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
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
