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Liberty Latin America Ltd.（LILA）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
Liberty Latin America Ltd.的季度营收约是泰瑞达的1.1倍（$1.2B vs $1.1B），泰瑞达净利率更高（23.7% vs -4.7%，领先28.5%），泰瑞达同比增速更快（43.9% vs 1.7%），Liberty Latin America Ltd.自由现金流更多（$320.1M vs $218.8M），过去两年泰瑞达的营收复合增速更高（34.4% vs 2.7%）
自由拉丁美洲有限公司是一家跨国电信运营商，由自由媒体国际业务板块与UnitedGlobalCom（UGC）于2005年合并而成，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛设有总部，旗下包含英国、荷兰等多地运营主体，相关业务覆盖电信服务领域。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
LILA vs TER — 直观对比
营收规模更大
LILA
是对方的1.1倍
$1.1B
营收增速更快
TER
高出42.2%
1.7%
净利率更高
TER
高出28.5%
-4.7%
自由现金流更多
LILA
多$101.3M
$218.8M
两年增速更快
TER
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $-54.8M | $257.2M |
| 毛利率 | 77.3% | 57.2% |
| 营业利润率 | 10.8% | 27.1% |
| 净利率 | -4.7% | 23.7% |
| 营收同比 | 1.7% | 43.9% |
| 净利润同比 | 74.0% | 75.9% |
| 每股收益（稀释后） | $-0.27 | $1.62 |
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LILATER
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.1B | $769.2M | ||
| Q2 25 | $1.1B | $651.8M | ||
| Q1 25 | $1.1B | $685.7M | ||
| Q4 24 | $1.1B | $752.9M | ||
| Q3 24 | $1.1B | $737.3M | ||
| Q2 24 | $1.1B | $729.9M | ||
| Q1 24 | $1.1B | $599.8M |
净利润LILATER
| Q4 25 | $-54.8M | $257.2M | ||
| Q3 25 | $3.3M | $119.6M | ||
| Q2 25 | $-423.3M | $78.4M | ||
| Q1 25 | $-136.4M | $98.9M | ||
| Q4 24 | $-210.4M | $146.3M | ||
| Q3 24 | $-435.8M | $145.6M | ||
| Q2 24 | $-42.7M | $186.3M | ||
| Q1 24 | $-500.0K | $64.2M |
毛利率LILATER
| Q4 25 | 77.3% | 57.2% | ||
| Q3 25 | 77.7% | 58.4% | ||
| Q2 25 | 78.6% | 57.2% | ||
| Q1 25 | 78.5% | 60.6% | ||
| Q4 24 | 76.1% | 59.4% | ||
| Q3 24 | 78.7% | 59.2% | ||
| Q2 24 | 78.1% | 58.3% | ||
| Q1 24 | 78.2% | 56.6% |
营业利润率LILATER
| Q4 25 | 10.8% | 27.1% | ||
| Q3 25 | 16.9% | 18.9% | ||
| Q2 25 | -30.6% | 13.9% | ||
| Q1 25 | 11.8% | 17.6% | ||
| Q4 24 | 8.7% | 20.4% | ||
| Q3 24 | -34.9% | 20.6% | ||
| Q2 24 | 9.9% | 28.8% | ||
| Q1 24 | 8.4% | 13.0% |
净利率LILATER
| Q4 25 | -4.7% | 23.7% | ||
| Q3 25 | 0.3% | 15.5% | ||
| Q2 25 | -39.0% | 12.0% | ||
| Q1 25 | -12.6% | 14.4% | ||
| Q4 24 | -18.5% | 19.4% | ||
| Q3 24 | -40.0% | 19.8% | ||
| Q2 24 | -3.8% | 25.5% | ||
| Q1 24 | -0.0% | 10.7% |
每股收益（稀释后）LILATER
| Q4 25 | $-0.27 | $1.62 | ||
| Q3 25 | $0.02 | $0.75 | ||
| Q2 25 | $-2.12 | $0.49 | ||
| Q1 25 | $-0.69 | $0.61 | ||
| Q4 24 | $-1.03 | $0.89 | ||
| Q3 24 | $-2.22 | $0.89 | ||
| Q2 24 | $-0.22 | $1.14 | ||
| Q1 24 | $0.00 | $0.40 |
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 | $783.9M | $293.8M |
| 总债务越低越好 | $7.9B | — |
| 股东权益账面价值 | $555.6M | $2.8B |
| 总资产 | $12.2B | $4.2B |
| 负债/权益比越低杠杆越低 | 14.17× | — |
8季度趋势，按日历期对齐
现金及短期投资LILATER
| Q4 25 | $783.9M | $293.8M | ||
| Q3 25 | $596.7M | $272.7M | ||
| Q2 25 | $514.4M | $339.3M | ||
| Q1 25 | $575.5M | $475.6M | ||
| Q4 24 | $654.3M | $553.4M | ||
| Q3 24 | $588.6M | $510.0M | ||
| Q2 24 | $598.6M | $421.9M | ||
| Q1 24 | $668.5M | $707.4M |
总债务LILATER
| Q4 25 | $7.9B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | $7.6B | — | ||
| Q1 24 | $7.6B | — |
股东权益LILATER
| Q4 25 | $555.6M | $2.8B | ||
| Q3 25 | $628.9M | $2.7B | ||
| Q2 25 | $608.4M | $2.8B | ||
| Q1 25 | $1.0B | $2.8B | ||
| Q4 24 | $1.1B | $2.8B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.7B | $2.7B | ||
| Q1 24 | $1.7B | $2.6B |
总资产LILATER
| Q4 25 | $12.2B | $4.2B | ||
| Q3 25 | $12.0B | $4.0B | ||
| Q2 25 | $12.0B | $3.8B | ||
| Q1 25 | $12.6B | $3.7B | ||
| Q4 24 | $12.8B | $3.7B | ||
| Q3 24 | $12.7B | $3.8B | ||
| Q2 24 | $13.2B | $3.6B | ||
| Q1 24 | $13.3B | $3.4B |
负债/权益比LILATER
| Q4 25 | 14.17× | — | ||
| Q3 25 | 12.45× | — | ||
| Q2 25 | 12.50× | — | ||
| Q1 25 | 7.47× | — | ||
| Q4 24 | 6.99× | — | ||
| Q3 24 | 6.20× | — | ||
| Q2 24 | 4.59× | — | ||
| Q1 24 | 4.38× | — |
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 | $461.9M | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $320.1M | $218.8M |
| 自由现金流率自由现金流/营收 | 27.6% | 20.2% |
| 资本支出强度资本支出/营收 | 12.2% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 1.09× |
| 过去12个月自由现金流最近4个季度 | $305.9M | $450.4M |
8季度趋势，按日历期对齐
经营现金流LILATER
| Q4 25 | $461.9M | $281.6M | ||
| Q3 25 | $178.2M | $49.0M | ||
| Q2 25 | $141.2M | $182.1M | ||
| Q1 25 | $24.6M | $161.6M | ||
| Q4 24 | $398.6M | $282.6M | ||
| Q3 24 | $177.5M | $166.3M | ||
| Q2 24 | $156.9M | $216.1M | ||
| Q1 24 | $23.3M | $7.3M |
自由现金流LILATER
| Q4 25 | $320.1M | $218.8M | ||
| Q3 25 | $56.0M | $2.4M | ||
| Q2 25 | $1.9M | $131.7M | ||
| Q1 25 | $-72.1M | $97.6M | ||
| Q4 24 | $234.9M | $225.2M | ||
| Q3 24 | $51.0M | $114.4M | ||
| Q2 24 | $16.4M | $171.2M | ||
| Q1 24 | $-86.4M | $-36.7M |
自由现金流率LILATER
| Q4 25 | 27.6% | 20.2% | ||
| Q3 25 | 5.0% | 0.3% | ||
| Q2 25 | 0.2% | 20.2% | ||
| Q1 25 | -6.7% | 14.2% | ||
| Q4 24 | 20.6% | 29.9% | ||
| Q3 24 | 4.7% | 15.5% | ||
| Q2 24 | 1.5% | 23.5% | ||
| Q1 24 | -7.9% | -6.1% |
资本支出强度LILATER
| Q4 25 | 12.2% | 5.8% | ||
| Q3 25 | 11.0% | 6.1% | ||
| Q2 25 | 12.8% | 7.7% | ||
| Q1 25 | 8.9% | 9.3% | ||
| Q4 24 | 14.4% | 7.6% | ||
| Q3 24 | 11.6% | 7.0% | ||
| Q2 24 | 12.6% | 6.1% | ||
| Q1 24 | 10.0% | 7.3% |
现金转化率LILATER
| Q4 25 | — | 1.09× | ||
| Q3 25 | 54.00× | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 0.11× |
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
LILA
| Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico | $301.3M | 26% |
| Cable Wireless Communications Limited CW Panama | $230.1M | 20% |
| Costa Rica Segment | $168.2M | 15% |
| Liberty Networks | $129.3M | 11% |
| Cable Subscription | $112.4M | 10% |
| Mobile Subscription | $95.9M | 8% |
| Mobile Handset And Other Devices | $73.0M | 6% |
| Liberty Networks Other | $25.0M | 2% |
| Mobile Non Subscription | $21.6M | 2% |
| B2B Mobile Handsetand Other Devices | $7.0M | 1% |
| Cable Non Subscription | $4.3M | 0% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
