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上海建工集团（NOA）与Unity Software Inc.（U）财务数据对比。点击上方公司名可切换其他公司
上海建工集团的季度营收约是Unity Software Inc.的1.7倍（$860.2M vs $503.1M），上海建工集团净利率更高（4.7% vs -17.9%，领先22.6%），过去两年上海建工集团的营收复合增速更高（58.0% vs 4.5%）
上海建工集团是中国知名建筑工程企业，凭借优异的经营规模与工程实力，在2011年以营业收入统计位居全球建筑企业第16位，业务覆盖国内外众多大型建筑工程项目领域。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
NOA vs U — 直观对比
营收规模更大
NOA
是对方的1.7倍
$503.1M
净利率更高
NOA
高出22.6%
-17.9%
两年增速更快
NOA
近两年复合增速
4.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $860.2M | $503.1M |
| 净利润 | $40.5M | $-90.0M |
| 毛利率 | 19.7% | 74.3% |
| 营业利润率 | 15.4% | -21.2% |
| 净利率 | 4.7% | -17.9% |
| 营收同比 | — | 10.1% |
| 净利润同比 | — | 26.7% |
| 每股收益（稀释后） | — | $-0.21 |
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NOAU
| Q4 25 | — | $503.1M | ||
| Q3 25 | $860.2M | $470.6M | ||
| Q2 25 | $573.3M | $440.9M | ||
| Q1 25 | $297.0M | $435.0M | ||
| Q4 24 | — | $457.1M | ||
| Q3 24 | $636.4M | $446.5M | ||
| Q2 24 | $439.5M | $449.3M | ||
| Q1 24 | $244.3M | $460.4M |
净利润NOAU
| Q4 25 | — | $-90.0M | ||
| Q3 25 | $40.5M | $-126.4M | ||
| Q2 25 | $26.0M | $-108.8M | ||
| Q1 25 | $11.5M | $-77.6M | ||
| Q4 24 | — | $-122.7M | ||
| Q3 24 | $45.5M | $-124.7M | ||
| Q2 24 | $34.1M | $-125.6M | ||
| Q1 24 | $21.8M | $-291.1M |
毛利率NOAU
| Q4 25 | — | 74.3% | ||
| Q3 25 | 19.7% | 74.4% | ||
| Q2 25 | 18.1% | 74.1% | ||
| Q1 25 | 18.0% | 73.8% | ||
| Q4 24 | — | 74.7% | ||
| Q3 24 | 14.0% | 74.9% | ||
| Q2 24 | 14.3% | 75.8% | ||
| Q1 24 | 16.8% | 68.6% |
营业利润率NOAU
| Q4 25 | — | -21.2% | ||
| Q3 25 | 15.4% | -26.7% | ||
| Q2 25 | 13.6% | -26.9% | ||
| Q1 25 | 13.0% | -29.4% | ||
| Q4 24 | — | -27.1% | ||
| Q3 24 | 7.9% | -28.5% | ||
| Q2 24 | 8.2% | -28.8% | ||
| Q1 24 | 10.5% | -81.4% |
净利率NOAU
| Q4 25 | — | -17.9% | ||
| Q3 25 | 4.7% | -26.9% | ||
| Q2 25 | 4.5% | -24.7% | ||
| Q1 25 | 3.9% | -17.8% | ||
| Q4 24 | — | -26.8% | ||
| Q3 24 | 7.1% | -27.9% | ||
| Q2 24 | 7.8% | -28.0% | ||
| Q1 24 | 8.9% | -63.2% |
每股收益（稀释后）NOAU
| Q4 25 | — | $-0.21 | ||
| Q3 25 | — | $-0.30 | ||
| Q2 25 | — | $-0.26 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | — | $-0.30 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $-0.32 | ||
| Q1 24 | — | $-0.75 |
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 | — | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $3.2B |
| 总资产 | $1.7B | $6.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NOAU
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
股东权益NOAU
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
总资产NOAU
| Q4 25 | — | $6.8B | ||
| Q3 25 | $1.7B | $6.8B | ||
| Q2 25 | $1.7B | $6.7B | ||
| Q1 25 | $1.7B | $6.6B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | $1.5B | $6.7B | ||
| Q2 24 | $1.5B | $6.7B | ||
| Q1 24 | $1.5B | $6.8B |
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 | $140.7M | $121.4M |
| 自由现金流经营现金流 - 资本支出 | — | $118.7M |
| 自由现金流率自由现金流/营收 | — | 23.6% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 3.47× | — |
| 过去12个月自由现金流最近4个季度 | — | $403.9M |
8季度趋势，按日历期对齐
经营现金流NOAU
| Q4 25 | — | $121.4M | ||
| Q3 25 | $140.7M | $155.4M | ||
| Q2 25 | $85.4M | $133.1M | ||
| Q1 25 | $19.0M | $13.0M | ||
| Q4 24 | — | $112.2M | ||
| Q3 24 | $109.5M | $122.4M | ||
| Q2 24 | $72.0M | $88.4M | ||
| Q1 24 | $31.8M | $-7.4M |
自由现金流NOAU
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $151.3M | ||
| Q2 25 | — | $126.7M | ||
| Q1 25 | — | $7.3M | ||
| Q4 24 | — | $105.8M | ||
| Q3 24 | — | $115.2M | ||
| Q2 24 | — | $79.6M | ||
| Q1 24 | — | $-14.6M |
自由现金流率NOAU
| Q4 25 | — | 23.6% | ||
| Q3 25 | — | 32.1% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | -3.2% |
资本支出强度NOAU
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.6% |
现金转化率NOAU
| Q4 25 | — | — | ||
| Q3 25 | 3.47× | — | ||
| Q2 25 | 3.28× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.41× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.46× | — |
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
NOA
暂无分部数据
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
