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诺唯真游轮控股（LINE）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是Ubiquiti Inc.的1.7倍（$1.4B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs -7.3%，领先35.9%），Ubiquiti Inc.同比增速更快（35.8% vs 3.1%），Ubiquiti Inc.自由现金流更多（$260.3M vs $35.0M）
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
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。
LINE vs UI — 直观对比
营收规模更大
LINE
是对方的1.7倍
$814.9M
营收增速更快
UI
高出32.7%
3.1%
净利率更高
UI
高出35.9%
-7.3%
自由现金流更多
UI
多$225.3M
$35.0M
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $814.9M |
| 净利润 | $-100.0M | $233.6M |
| 毛利率 | 32.3% | 45.9% |
| 营业利润率 | 2.5% | 35.9% |
| 净利率 | -7.3% | 28.7% |
| 营收同比 | 3.1% | 35.8% |
| 净利润同比 | 79.4% | 70.8% |
| 每股收益（稀释后） | $-0.44 | $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LINEUI
| Q4 25 | — | $814.9M | ||
| Q3 25 | $1.4B | $733.8M | ||
| Q2 25 | $1.4B | $759.2M | ||
| Q1 25 | $1.3B | $664.2M | ||
| Q4 24 | $1.3B | $599.9M | ||
| Q3 24 | $1.3B | $550.3M | ||
| Q2 24 | $1.3B | $507.5M | ||
| Q1 24 | $1.3B | $493.0M |
净利润LINEUI
| Q4 25 | — | $233.6M | ||
| Q3 25 | $-100.0M | $207.9M | ||
| Q2 25 | $-6.0M | $266.7M | ||
| Q1 25 | $0 | $180.4M | ||
| Q4 24 | $-71.0M | $136.8M | ||
| Q3 24 | $-485.0M | $128.0M | ||
| Q2 24 | $-68.0M | $103.8M | ||
| Q1 24 | $-40.0M | $76.3M |
毛利率LINEUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | 32.3% | 46.0% | ||
| Q2 25 | 31.9% | 45.1% | ||
| Q1 25 | 32.2% | 44.5% | ||
| Q4 24 | 32.3% | 41.2% | ||
| Q3 24 | 32.8% | 42.1% | ||
| Q2 24 | 33.4% | 40.2% | ||
| Q1 24 | 33.4% | 35.3% |
营业利润率LINEUI
| Q4 25 | — | 35.9% | ||
| Q3 25 | 2.5% | 35.7% | ||
| Q2 25 | 1.7% | 34.4% | ||
| Q1 25 | 4.3% | 34.2% | ||
| Q4 24 | -1.6% | 29.8% | ||
| Q3 24 | -38.6% | 30.7% | ||
| Q2 24 | 5.5% | 27.3% | ||
| Q1 24 | 7.6% | 22.6% |
净利率LINEUI
| Q4 25 | — | 28.7% | ||
| Q3 25 | -7.3% | 28.3% | ||
| Q2 25 | -0.4% | 35.1% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | -5.3% | 22.8% | ||
| Q3 24 | -36.3% | 23.3% | ||
| Q2 24 | -5.1% | 20.5% | ||
| Q1 24 | -3.0% | 15.5% |
每股收益（稀释后）LINEUI
| Q4 25 | — | $3.86 | ||
| Q3 25 | $-0.44 | $3.43 | ||
| Q2 25 | $-0.03 | $4.40 | ||
| Q1 25 | $0.01 | $2.98 | ||
| Q4 24 | $-0.52 | $2.26 | ||
| Q3 24 | $-2.44 | $2.12 | ||
| Q2 24 | $-0.46 | $1.72 | ||
| Q1 24 | $-0.28 | $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 | — | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $8.4B | $1.0B |
| 总资产 | $19.2B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资LINEUI
| Q4 25 | — | $302.8M | ||
| Q3 25 | — | $177.2M | ||
| Q2 25 | — | $149.7M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | $173.0M | $133.1M | ||
| Q3 24 | $409.0M | $165.2M | ||
| Q2 24 | $73.0M | $126.3M | ||
| Q1 24 | — | $102.5M |
总债务LINEUI
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益LINEUI
| Q4 25 | — | $1.0B | ||
| Q3 25 | $8.4B | $828.4M | ||
| Q2 25 | $8.6B | $668.3M | ||
| Q1 25 | $8.6B | $436.1M | ||
| Q4 24 | $8.6B | $290.4M | ||
| Q3 24 | $9.0B | $188.1M | ||
| Q2 24 | $4.9B | $95.1M | ||
| Q1 24 | $5.6B | $25.9M |
总资产LINEUI
| Q4 25 | — | $1.6B | ||
| Q3 25 | $19.2B | $1.5B | ||
| Q2 25 | $19.4B | $1.5B | ||
| Q1 25 | $18.8B | $1.3B | ||
| Q4 24 | $18.7B | $1.2B | ||
| Q3 24 | $19.3B | $1.2B | ||
| Q2 24 | $18.8B | $1.2B | ||
| Q1 24 | — | $1.2B |
负债/权益比LINEUI
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× | ||
| Q1 24 | — | 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 | $230.0M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 2.5% | 31.9% |
| 资本支出强度资本支出/营收 | 14.2% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流LINEUI
| Q4 25 | — | $263.9M | ||
| Q3 25 | $230.0M | $198.5M | ||
| Q2 25 | $258.0M | $130.4M | ||
| Q1 25 | $139.0M | $123.6M | ||
| Q4 24 | — | $152.4M | ||
| Q3 24 | $186.0M | $233.7M | ||
| Q2 24 | $155.0M | $231.4M | ||
| Q1 24 | $105.0M | $163.9M |
自由现金流LINEUI
| Q4 25 | — | $260.3M | ||
| Q3 25 | $35.0M | $193.3M | ||
| Q2 25 | $95.0M | $125.2M | ||
| Q1 25 | $-12.0M | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | $33.0M | $231.1M | ||
| Q2 24 | $-31.0M | $229.5M | ||
| Q1 24 | $-42.0M | $160.6M |
自由现金流率LINEUI
| Q4 25 | — | 31.9% | ||
| Q3 25 | 2.5% | 26.3% | ||
| Q2 25 | 7.0% | 16.5% | ||
| Q1 25 | -0.9% | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | 2.5% | 42.0% | ||
| Q2 24 | -2.3% | 45.2% | ||
| Q1 24 | -3.2% | 32.6% |
资本支出强度LINEUI
| Q4 25 | — | 0.4% | ||
| Q3 25 | 14.2% | 0.7% | ||
| Q2 25 | 12.1% | 0.7% | ||
| Q1 25 | 11.7% | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 11.5% | 0.5% | ||
| Q2 24 | 13.9% | 0.4% | ||
| Q1 24 | 11.1% | 0.7% |
现金转化率LINEUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | 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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
