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雷诺士国际（LII）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
雷诺士国际的季度营收约是Ubiquiti Inc.的1.5倍（$1.2B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 13.6%，领先15.1%），Ubiquiti Inc.同比增速更快（35.8% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $260.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 6.8%）
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
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。
LII vs UI — 直观对比
营收规模更大
LII
是对方的1.5倍
$814.9M
营收增速更快
UI
高出47.0%
-11.2%
净利率更高
UI
高出15.1%
13.6%
自由现金流更多
LII
多$116.4M
$260.3M
两年增速更快
UI
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $814.9M |
| 净利润 | $162.1M | $233.6M |
| 毛利率 | 34.7% | 45.9% |
| 营业利润率 | 18.6% | 35.9% |
| 净利率 | 13.6% | 28.7% |
| 营收同比 | -11.2% | 35.8% |
| 净利润同比 | -18.0% | 70.8% |
| 每股收益（稀释后） | $4.62 | $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LIIUI
| Q4 25 | $1.2B | $814.9M | ||
| Q3 25 | $1.4B | $733.8M | ||
| Q2 25 | $1.5B | $759.2M | ||
| Q1 25 | $1.1B | $664.2M | ||
| Q4 24 | $1.3B | $599.9M | ||
| Q3 24 | $1.5B | $550.3M | ||
| Q2 24 | $1.5B | $507.5M | ||
| Q1 24 | $1.0B | $493.0M |
净利润LIIUI
| Q4 25 | $162.1M | $233.6M | ||
| Q3 25 | $245.8M | $207.9M | ||
| Q2 25 | $277.6M | $266.7M | ||
| Q1 25 | $120.3M | $180.4M | ||
| Q4 24 | $197.7M | $136.8M | ||
| Q3 24 | $239.0M | $128.0M | ||
| Q2 24 | $245.9M | $103.8M | ||
| Q1 24 | $124.3M | $76.3M |
毛利率LIIUI
| Q4 25 | 34.7% | 45.9% | ||
| Q3 25 | 32.8% | 46.0% | ||
| Q2 25 | 34.8% | 45.1% | ||
| Q1 25 | 30.6% | 44.5% | ||
| Q4 24 | 33.9% | 41.2% | ||
| Q3 24 | 32.6% | 42.1% | ||
| Q2 24 | 33.6% | 40.2% | ||
| Q1 24 | 32.5% | 35.3% |
营业利润率LIIUI
| Q4 25 | 18.6% | 35.9% | ||
| Q3 25 | 21.7% | 35.7% | ||
| Q2 25 | 23.6% | 34.4% | ||
| Q1 25 | 14.5% | 34.2% | ||
| Q4 24 | 18.2% | 29.8% | ||
| Q3 24 | 20.2% | 30.7% | ||
| Q2 24 | 22.1% | 27.3% | ||
| Q1 24 | 15.9% | 22.6% |
净利率LIIUI
| Q4 25 | 13.6% | 28.7% | ||
| Q3 25 | 17.2% | 28.3% | ||
| Q2 25 | 18.5% | 35.1% | ||
| Q1 25 | 11.2% | 27.2% | ||
| Q4 24 | 14.7% | 22.8% | ||
| Q3 24 | 16.0% | 23.3% | ||
| Q2 24 | 16.9% | 20.5% | ||
| Q1 24 | 11.9% | 15.5% |
每股收益（稀释后）LIIUI
| Q4 25 | $4.62 | $3.86 | ||
| Q3 25 | $6.98 | $3.43 | ||
| Q2 25 | $7.82 | $4.40 | ||
| Q1 25 | $3.37 | $2.98 | ||
| Q4 24 | $5.52 | $2.26 | ||
| Q3 24 | $6.68 | $2.12 | ||
| Q2 24 | $6.87 | $1.72 | ||
| Q1 24 | $3.47 | $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 | $34.7M | $302.8M |
| 总债务越低越好 | $1.1B | $47.5M |
| 股东权益账面价值 | $1.2B | $1.0B |
| 总资产 | $4.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资LIIUI
| Q4 25 | $34.7M | $302.8M | ||
| Q3 25 | $59.2M | $177.2M | ||
| Q2 25 | $55.1M | $149.7M | ||
| Q1 25 | $222.9M | $151.0M | ||
| Q4 24 | $422.3M | $133.1M | ||
| Q3 24 | $255.7M | $165.2M | ||
| Q2 24 | $57.8M | $126.3M | ||
| Q1 24 | $57.6M | $102.5M |
总债务LIIUI
| Q4 25 | $1.1B | $47.5M | ||
| Q3 25 | $838.2M | $133.8M | ||
| Q2 25 | $835.7M | $250.0M | ||
| Q1 25 | $834.2M | $340.0M | ||
| Q4 24 | $833.1M | $406.3M | ||
| Q3 24 | $827.6M | $552.5M | ||
| Q2 24 | $1.1B | $708.1M | ||
| Q1 24 | $1.2B | $877.5M |
股东权益LIIUI
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.1B | $828.4M | ||
| Q2 25 | $900.5M | $668.3M | ||
| Q1 25 | $852.5M | $436.1M | ||
| Q4 24 | $850.2M | $290.4M | ||
| Q3 24 | $754.0M | $188.1M | ||
| Q2 24 | $577.4M | $95.1M | ||
| Q1 24 | $368.8M | $25.9M |
总资产LIIUI
| Q4 25 | $4.1B | $1.6B | ||
| Q3 25 | $3.5B | $1.5B | ||
| Q2 25 | $3.7B | $1.5B | ||
| Q1 25 | $3.5B | $1.3B | ||
| Q4 24 | $3.5B | $1.2B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.2B | $1.2B | ||
| Q1 24 | $3.0B | $1.2B |
负债/权益比LIIUI
| Q4 25 | 0.98× | 0.05× | ||
| Q3 25 | 0.78× | 0.16× | ||
| Q2 25 | 0.93× | 0.37× | ||
| Q1 25 | 0.98× | 0.78× | ||
| Q4 24 | 0.98× | 1.40× | ||
| Q3 24 | 1.10× | 2.94× | ||
| Q2 24 | 1.95× | 7.45× | ||
| Q1 24 | 3.13× | 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 | $405.9M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $260.3M |
| 自由现金流率自由现金流/营收 | 31.5% | 31.9% |
| 资本支出强度资本支出/营收 | 2.4% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.50× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $638.8M | $699.5M |
8季度趋势，按日历期对齐
经营现金流LIIUI
| Q4 25 | $405.9M | $263.9M | ||
| Q3 25 | $300.7M | $198.5M | ||
| Q2 25 | $86.8M | $130.4M | ||
| Q1 25 | $-35.8M | $123.6M | ||
| Q4 24 | $332.4M | $152.4M | ||
| Q3 24 | $452.1M | $233.7M | ||
| Q2 24 | $184.0M | $231.4M | ||
| Q1 24 | $-22.8M | $163.9M |
自由现金流LIIUI
| Q4 25 | $376.7M | $260.3M | ||
| Q3 25 | $265.1M | $193.3M | ||
| Q2 25 | $58.3M | $125.2M | ||
| Q1 25 | $-61.3M | $120.7M | ||
| Q4 24 | $272.2M | $150.4M | ||
| Q3 24 | $410.9M | $231.1M | ||
| Q2 24 | $151.3M | $229.5M | ||
| Q1 24 | $-52.3M | $160.6M |
自由现金流率LIIUI
| Q4 25 | 31.5% | 31.9% | ||
| Q3 25 | 18.6% | 26.3% | ||
| Q2 25 | 3.9% | 16.5% | ||
| Q1 25 | -5.7% | 18.2% | ||
| Q4 24 | 20.2% | 25.1% | ||
| Q3 24 | 27.4% | 42.0% | ||
| Q2 24 | 10.4% | 45.2% | ||
| Q1 24 | -5.0% | 32.6% |
资本支出强度LIIUI
| Q4 25 | 2.4% | 0.4% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 1.9% | 0.7% | ||
| Q1 25 | 2.4% | 0.4% | ||
| Q4 24 | 4.5% | 0.3% | ||
| Q3 24 | 2.8% | 0.5% | ||
| Q2 24 | 2.3% | 0.4% | ||
| Q1 24 | 2.8% | 0.7% |
现金转化率LIIUI
| Q4 25 | 2.50× | 1.13× | ||
| Q3 25 | 1.22× | 0.95× | ||
| Q2 25 | 0.31× | 0.49× | ||
| Q1 25 | -0.30× | 0.68× | ||
| Q4 24 | 1.68× | 1.11× | ||
| Q3 24 | 1.89× | 1.83× | ||
| Q2 24 | 0.75× | 2.23× | ||
| Q1 24 | -0.18× | 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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
