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NCR Atleos Corp（NATL）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
NCR Atleos Corp的季度营收约是Ubiquiti Inc.的1.4倍（$1.2B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 7.2%，领先21.5%），Ubiquiti Inc.同比增速更快（35.8% vs 4.0%），Ubiquiti Inc.自由现金流更多（$260.3M vs $194.0M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 4.9%）
NCR Atleos Corp 前身为NCR公司（National Cash Register），是全球知名的软件、咨询与技术企业，提供多元专业服务与电子产品，业务覆盖自助服务 kiosk、销售点终端、自动柜员机、支票处理系统、条码扫描器等商用软硬件的研发与生产，服务全球各行业客户的数字化运营需求。
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。
NATL vs UI — 直观对比
营收规模更大
NATL
是对方的1.4倍
$814.9M
营收增速更快
UI
高出31.9%
4.0%
净利率更高
UI
高出21.5%
7.2%
自由现金流更多
UI
多$66.3M
$194.0M
两年增速更快
UI
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $814.9M |
| 净利润 | $83.0M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 13.5% | 35.9% |
| 净利率 | 7.2% | 28.7% |
| 营收同比 | 4.0% | 35.8% |
| 净利润同比 | 102.4% | 70.8% |
| 每股收益（稀释后） | $1.09 | $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NATLUI
| Q4 25 | $1.2B | $814.9M | ||
| Q3 25 | $1.1B | $733.8M | ||
| Q2 25 | $1.1B | $759.2M | ||
| Q1 25 | $979.0M | $664.2M | ||
| Q4 24 | $1.1B | $599.9M | ||
| Q3 24 | $1.1B | $550.3M | ||
| Q2 24 | $1.1B | $507.5M | ||
| Q1 24 | $1.0B | $493.0M |
净利润NATLUI
| Q4 25 | $83.0M | $233.6M | ||
| Q3 25 | $26.0M | $207.9M | ||
| Q2 25 | $39.0M | $266.7M | ||
| Q1 25 | $14.0M | $180.4M | ||
| Q4 24 | $41.0M | $136.8M | ||
| Q3 24 | $21.0M | $128.0M | ||
| Q2 24 | $27.0M | $103.8M | ||
| Q1 24 | $-9.0M | $76.3M |
毛利率NATLUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率NATLUI
| Q4 25 | 13.5% | 35.9% | ||
| Q3 25 | 9.8% | 35.7% | ||
| Q2 25 | 10.8% | 34.4% | ||
| Q1 25 | 9.5% | 34.2% | ||
| Q4 24 | 13.4% | 29.8% | ||
| Q3 24 | 10.6% | 30.7% | ||
| Q2 24 | 9.8% | 27.3% | ||
| Q1 24 | 6.5% | 22.6% |
净利率NATLUI
| Q4 25 | 7.2% | 28.7% | ||
| Q3 25 | 2.3% | 28.3% | ||
| Q2 25 | 3.5% | 35.1% | ||
| Q1 25 | 1.4% | 27.2% | ||
| Q4 24 | 3.7% | 22.8% | ||
| Q3 24 | 2.0% | 23.3% | ||
| Q2 24 | 2.5% | 20.5% | ||
| Q1 24 | -0.9% | 15.5% |
每股收益（稀释后）NATLUI
| Q4 25 | $1.09 | $3.86 | ||
| Q3 25 | $0.34 | $3.43 | ||
| Q2 25 | $0.52 | $4.40 | ||
| Q1 25 | $0.19 | $2.98 | ||
| Q4 24 | $0.56 | $2.26 | ||
| Q3 24 | $0.28 | $2.12 | ||
| Q2 24 | $0.37 | $1.72 | ||
| Q1 24 | $-0.13 | $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 | $456.0M | $302.8M |
| 总债务越低越好 | $2.7B | $47.5M |
| 股东权益账面价值 | $403.0M | $1.0B |
| 总资产 | $5.7B | $1.6B |
| 负债/权益比越低杠杆越低 | 6.63× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资NATLUI
| Q4 25 | $456.0M | $302.8M | ||
| Q3 25 | $412.0M | $177.2M | ||
| Q2 25 | $357.0M | $149.7M | ||
| Q1 25 | $352.0M | $151.0M | ||
| Q4 24 | $419.0M | $133.1M | ||
| Q3 24 | $395.0M | $165.2M | ||
| Q2 24 | $374.0M | $126.3M | ||
| Q1 24 | $343.0M | $102.5M |
总债务NATLUI
| Q4 25 | $2.7B | $47.5M | ||
| Q3 25 | $2.8B | $133.8M | ||
| Q2 25 | $2.8B | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | $2.9B | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益NATLUI
| Q4 25 | $403.0M | $1.0B | ||
| Q3 25 | $330.0M | $828.4M | ||
| Q2 25 | $350.0M | $668.3M | ||
| Q1 25 | $275.0M | $436.1M | ||
| Q4 24 | $219.0M | $290.4M | ||
| Q3 24 | $264.0M | $188.1M | ||
| Q2 24 | $250.0M | $95.1M | ||
| Q1 24 | $283.0M | $25.9M |
总资产NATLUI
| Q4 25 | $5.7B | $1.6B | ||
| Q3 25 | $5.7B | $1.5B | ||
| Q2 25 | $5.8B | $1.5B | ||
| Q1 25 | $5.7B | $1.3B | ||
| Q4 24 | $5.5B | $1.2B | ||
| Q3 24 | $5.7B | $1.2B | ||
| Q2 24 | $5.8B | $1.2B | ||
| Q1 24 | $5.8B | $1.2B |
负债/权益比NATLUI
| Q4 25 | 6.63× | 0.05× | ||
| Q3 25 | 8.45× | 0.16× | ||
| Q2 25 | 8.05× | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 13.05× | 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 | $231.0M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $194.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 16.8% | 31.9% |
| 资本支出强度资本支出/营收 | 3.2% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.78× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $239.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流NATLUI
| Q4 25 | $231.0M | $263.9M | ||
| Q3 25 | $25.0M | $198.5M | ||
| Q2 25 | $-23.0M | $130.4M | ||
| Q1 25 | $123.0M | $123.6M | ||
| Q4 24 | $80.0M | $152.4M | ||
| Q3 24 | $107.0M | $233.7M | ||
| Q2 24 | $9.0M | $231.4M | ||
| Q1 24 | $148.0M | $163.9M |
自由现金流NATLUI
| Q4 25 | $194.0M | $260.3M | ||
| Q3 25 | $-5.0M | $193.3M | ||
| Q2 25 | $-44.0M | $125.2M | ||
| Q1 25 | $94.0M | $120.7M | ||
| Q4 24 | $62.0M | $150.4M | ||
| Q3 24 | $85.0M | $231.1M | ||
| Q2 24 | $-14.0M | $229.5M | ||
| Q1 24 | $124.0M | $160.6M |
自由现金流率NATLUI
| Q4 25 | 16.8% | 31.9% | ||
| Q3 25 | -0.4% | 26.3% | ||
| Q2 25 | -4.0% | 16.5% | ||
| Q1 25 | 9.6% | 18.2% | ||
| Q4 24 | 5.6% | 25.1% | ||
| Q3 24 | 7.9% | 42.0% | ||
| Q2 24 | -1.3% | 45.2% | ||
| Q1 24 | 11.9% | 32.6% |
资本支出强度NATLUI
| Q4 25 | 3.2% | 0.4% | ||
| Q3 25 | 2.7% | 0.7% | ||
| Q2 25 | 1.9% | 0.7% | ||
| Q1 25 | 3.0% | 0.4% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 2.1% | 0.5% | ||
| Q2 24 | 2.1% | 0.4% | ||
| Q1 24 | 2.3% | 0.7% |
现金转化率NATLUI
| Q4 25 | 2.78× | 1.13× | ||
| Q3 25 | 0.96× | 0.95× | ||
| Q2 25 | -0.59× | 0.49× | ||
| Q1 25 | 8.79× | 0.68× | ||
| Q4 24 | 1.95× | 1.11× | ||
| Q3 24 | 5.10× | 1.83× | ||
| Q2 24 | 0.33× | 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
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
