vs
MAXIMUS, INC.（MMS）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
MAXIMUS, INC.的季度营收约是Ubiquiti Inc.的1.7倍（$1.3B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 7.0%，领先21.7%），Ubiquiti Inc.同比增速更快（35.8% vs -4.1%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-250.7M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -0.1%）
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
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。
MMS vs UI — 直观对比
营收规模更大
MMS
是对方的1.7倍
$814.9M
营收增速更快
UI
高出39.9%
-4.1%
净利率更高
UI
高出21.7%
7.0%
自由现金流更多
UI
多$510.9M
$-250.7M
两年增速更快
UI
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $814.9M |
| 净利润 | $93.9M | $233.6M |
| 毛利率 | 23.7% | 45.9% |
| 营业利润率 | 10.9% | 35.9% |
| 净利率 | 7.0% | 28.7% |
| 营收同比 | -4.1% | 35.8% |
| 净利润同比 | 128.0% | 70.8% |
| 每股收益（稀释后） | $1.70 | $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MMSUI
| Q4 25 | $1.3B | $814.9M | ||
| Q3 25 | $1.3B | $733.8M | ||
| Q2 25 | $1.3B | $759.2M | ||
| Q1 25 | $1.4B | $664.2M | ||
| Q4 24 | $1.4B | $599.9M | ||
| Q3 24 | $1.3B | $550.3M | ||
| Q2 24 | $1.3B | $507.5M | ||
| Q1 24 | $1.3B | $493.0M |
净利润MMSUI
| Q4 25 | $93.9M | $233.6M | ||
| Q3 25 | $75.3M | $207.9M | ||
| Q2 25 | $106.0M | $266.7M | ||
| Q1 25 | $96.6M | $180.4M | ||
| Q4 24 | $41.2M | $136.8M | ||
| Q3 24 | $72.5M | $128.0M | ||
| Q2 24 | $89.8M | $103.8M | ||
| Q1 24 | $80.5M | $76.3M |
毛利率MMSUI
| Q4 25 | 23.7% | 45.9% | ||
| Q3 25 | 25.3% | 46.0% | ||
| Q2 25 | 26.7% | 45.1% | ||
| Q1 25 | 24.9% | 44.5% | ||
| Q4 24 | 21.5% | 41.2% | ||
| Q3 24 | 22.9% | 42.1% | ||
| Q2 24 | 25.3% | 40.2% | ||
| Q1 24 | 23.6% | 35.3% |
营业利润率MMSUI
| Q4 25 | 10.9% | 35.9% | ||
| Q3 25 | 9.3% | 35.7% | ||
| Q2 25 | 12.3% | 34.4% | ||
| Q1 25 | 11.2% | 34.2% | ||
| Q4 24 | 6.2% | 29.8% | ||
| Q3 24 | 8.5% | 30.7% | ||
| Q2 24 | 10.8% | 27.3% | ||
| Q1 24 | 9.5% | 22.6% |
净利率MMSUI
| Q4 25 | 7.0% | 28.7% | ||
| Q3 25 | 5.7% | 28.3% | ||
| Q2 25 | 7.9% | 35.1% | ||
| Q1 25 | 7.1% | 27.2% | ||
| Q4 24 | 2.9% | 22.8% | ||
| Q3 24 | 5.5% | 23.3% | ||
| Q2 24 | 6.8% | 20.5% | ||
| Q1 24 | 6.0% | 15.5% |
每股收益（稀释后）MMSUI
| Q4 25 | $1.70 | $3.86 | ||
| Q3 25 | $1.27 | $3.43 | ||
| Q2 25 | $1.86 | $4.40 | ||
| Q1 25 | $1.69 | $2.98 | ||
| Q4 24 | $0.69 | $2.26 | ||
| Q3 24 | $1.18 | $2.12 | ||
| Q2 24 | $1.46 | $1.72 | ||
| Q1 24 | $1.31 | $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 | $137.6M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $1.7B | $1.0B |
| 总资产 | $4.2B | $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MMSUI
| Q4 25 | $137.6M | $302.8M | ||
| Q3 25 | $222.4M | $177.2M | ||
| Q2 25 | $59.8M | $149.7M | ||
| Q1 25 | $108.1M | $151.0M | ||
| Q4 24 | $72.7M | $133.1M | ||
| Q3 24 | $183.1M | $165.2M | ||
| Q2 24 | $102.8M | $126.3M | ||
| Q1 24 | $77.4M | $102.5M |
总债务MMSUI
| 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MMSUI
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.7B | $828.4M | ||
| Q2 25 | $1.8B | $668.3M | ||
| Q1 25 | $1.7B | $436.1M | ||
| Q4 24 | $1.6B | $290.4M | ||
| Q3 24 | $1.8B | $188.1M | ||
| Q2 24 | $1.8B | $95.1M | ||
| Q1 24 | $1.8B | $25.9M |
总资产MMSUI
| Q4 25 | $4.2B | $1.6B | ||
| Q3 25 | $4.1B | $1.5B | ||
| Q2 25 | $4.5B | $1.5B | ||
| Q1 25 | $4.2B | $1.3B | ||
| Q4 24 | $4.1B | $1.2B | ||
| Q3 24 | $4.1B | $1.2B | ||
| Q2 24 | $4.0B | $1.2B | ||
| Q1 24 | $4.0B | $1.2B |
负债/权益比MMSUI
| 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 | $-244.4M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $260.3M |
| 自由现金流率自由现金流/营收 | -18.6% | 31.9% |
| 资本支出强度资本支出/营收 | 0.5% | 0.4% |
| 现金转化率经营现金流/净利润 | -2.60× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $218.5M | $699.5M |
8季度趋势，按日历期对齐
经营现金流MMSUI
| Q4 25 | $-244.4M | $263.9M | ||
| Q3 25 | $649.4M | $198.5M | ||
| Q2 25 | $-182.7M | $130.4M | ||
| Q1 25 | $42.7M | $123.6M | ||
| Q4 24 | $-80.0M | $152.4M | ||
| Q3 24 | $163.8M | $233.7M | ||
| Q2 24 | $199.3M | $231.4M | ||
| Q1 24 | $130.5M | $163.9M |
自由现金流MMSUI
| Q4 25 | $-250.7M | $260.3M | ||
| Q3 25 | $641.8M | $193.3M | ||
| Q2 25 | $-198.2M | $125.2M | ||
| Q1 25 | $25.5M | $120.7M | ||
| Q4 24 | $-103.0M | $150.4M | ||
| Q3 24 | $131.9M | $231.1M | ||
| Q2 24 | $164.6M | $229.5M | ||
| Q1 24 | $105.2M | $160.6M |
自由现金流率MMSUI
| Q4 25 | -18.6% | 31.9% | ||
| Q3 25 | 48.7% | 26.3% | ||
| Q2 25 | -14.7% | 16.5% | ||
| Q1 25 | 1.9% | 18.2% | ||
| Q4 24 | -7.3% | 25.1% | ||
| Q3 24 | 10.0% | 42.0% | ||
| Q2 24 | 12.5% | 45.2% | ||
| Q1 24 | 7.8% | 32.6% |
资本支出强度MMSUI
| Q4 25 | 0.5% | 0.4% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 1.1% | 0.7% | ||
| Q1 25 | 1.3% | 0.4% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | 2.6% | 0.4% | ||
| Q1 24 | 1.9% | 0.7% |
现金转化率MMSUI
| Q4 25 | -2.60× | 1.13× | ||
| Q3 25 | 8.63× | 0.95× | ||
| Q2 25 | -1.72× | 0.49× | ||
| Q1 25 | 0.44× | 0.68× | ||
| Q4 24 | -1.94× | 1.11× | ||
| Q3 24 | 2.26× | 1.83× | ||
| Q2 24 | 2.22× | 2.23× | ||
| Q1 24 | 1.62× | 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
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
