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Opendoor Technologies Inc.（OPEN）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Ubiquiti Inc.的季度营收约是Opendoor Technologies Inc.的1.1倍（$814.9M vs $736.0M），Ubiquiti Inc.净利率更高（28.7% vs -148.9%，领先177.6%），Ubiquiti Inc.同比增速更快（35.8% vs -32.1%），Ubiquiti Inc.自由现金流更多（$260.3M vs $67.0M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -21.1%）
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
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。
OPEN vs UI — 直观对比
营收规模更大
UI
是对方的1.1倍
$736.0M
营收增速更快
UI
高出67.9%
-32.1%
净利率更高
UI
高出177.6%
-148.9%
自由现金流更多
UI
多$193.3M
$67.0M
两年增速更快
UI
近两年复合增速
-21.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $736.0M | $814.9M |
| 净利润 | $-1.1B | $233.6M |
| 毛利率 | 7.7% | 45.9% |
| 营业利润率 | -20.4% | 35.9% |
| 净利率 | -148.9% | 28.7% |
| 营收同比 | -32.1% | 35.8% |
| 净利润同比 | -869.9% | 70.8% |
| 每股收益（稀释后） | $-1.42 | $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OPENUI
| Q4 25 | $736.0M | $814.9M | ||
| Q3 25 | $915.0M | $733.8M | ||
| Q2 25 | $1.6B | $759.2M | ||
| Q1 25 | $1.2B | $664.2M | ||
| Q4 24 | $1.1B | $599.9M | ||
| Q3 24 | $1.4B | $550.3M | ||
| Q2 24 | $1.5B | $507.5M | ||
| Q1 24 | $1.2B | $493.0M |
净利润OPENUI
| Q4 25 | $-1.1B | $233.6M | ||
| Q3 25 | $-90.0M | $207.9M | ||
| Q2 25 | $-29.0M | $266.7M | ||
| Q1 25 | $-85.0M | $180.4M | ||
| Q4 24 | $-113.0M | $136.8M | ||
| Q3 24 | $-78.0M | $128.0M | ||
| Q2 24 | $-92.0M | $103.8M | ||
| Q1 24 | $-109.0M | $76.3M |
毛利率OPENUI
| Q4 25 | 7.7% | 45.9% | ||
| Q3 25 | 7.2% | 46.0% | ||
| Q2 25 | 8.2% | 45.1% | ||
| Q1 25 | 8.6% | 44.5% | ||
| Q4 24 | 7.8% | 41.2% | ||
| Q3 24 | 7.6% | 42.1% | ||
| Q2 24 | 8.5% | 40.2% | ||
| Q1 24 | 9.7% | 35.3% |
营业利润率OPENUI
| Q4 25 | -20.4% | 35.9% | ||
| Q3 25 | -7.4% | 35.7% | ||
| Q2 25 | -0.8% | 34.4% | ||
| Q1 25 | -4.9% | 34.2% | ||
| Q4 24 | -8.7% | 29.8% | ||
| Q3 24 | -4.9% | 30.7% | ||
| Q2 24 | -4.8% | 27.3% | ||
| Q1 24 | -7.4% | 22.6% |
净利率OPENUI
| Q4 25 | -148.9% | 28.7% | ||
| Q3 25 | -9.8% | 28.3% | ||
| Q2 25 | -1.9% | 35.1% | ||
| Q1 25 | -7.4% | 27.2% | ||
| Q4 24 | -10.4% | 22.8% | ||
| Q3 24 | -5.7% | 23.3% | ||
| Q2 24 | -6.1% | 20.5% | ||
| Q1 24 | -9.2% | 15.5% |
每股收益（稀释后）OPENUI
| Q4 25 | $-1.42 | $3.86 | ||
| Q3 25 | $-0.12 | $3.43 | ||
| Q2 25 | $-0.04 | $4.40 | ||
| Q1 25 | $-0.12 | $2.98 | ||
| Q4 24 | $-0.16 | $2.26 | ||
| Q3 24 | $-0.11 | $2.12 | ||
| Q2 24 | $-0.13 | $1.72 | ||
| Q1 24 | $-0.16 | $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 | $962.0M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $1.0B | $1.0B |
| 总资产 | $2.4B | $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OPENUI
| Q4 25 | $962.0M | $302.8M | ||
| Q3 25 | $962.0M | $177.2M | ||
| Q2 25 | $789.0M | $149.7M | ||
| Q1 25 | $559.0M | $151.0M | ||
| Q4 24 | $679.0M | $133.1M | ||
| Q3 24 | $837.0M | $165.2M | ||
| Q2 24 | $809.0M | $126.3M | ||
| Q1 24 | $990.0M | $102.5M |
总债务OPENUI
| 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OPENUI
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $811.0M | $828.4M | ||
| Q2 25 | $631.0M | $668.3M | ||
| Q1 25 | $645.0M | $436.1M | ||
| Q4 24 | $713.0M | $290.4M | ||
| Q3 24 | $801.0M | $188.1M | ||
| Q2 24 | $845.0M | $95.1M | ||
| Q1 24 | $899.0M | $25.9M |
总资产OPENUI
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $3.3B | $1.3B | ||
| Q4 24 | $3.1B | $1.2B | ||
| Q3 24 | $3.4B | $1.2B | ||
| Q2 24 | $3.4B | $1.2B | ||
| Q1 24 | $3.4B | $1.2B |
负债/权益比OPENUI
| 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 | $70.0M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $67.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 9.1% | 31.9% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $1.0B | $699.5M |
8季度趋势，按日历期对齐
经营现金流OPENUI
| Q4 25 | $70.0M | $263.9M | ||
| Q3 25 | $435.0M | $198.5M | ||
| Q2 25 | $823.0M | $130.4M | ||
| Q1 25 | $-279.0M | $123.6M | ||
| Q4 24 | $-80.0M | $152.4M | ||
| Q3 24 | $62.0M | $233.7M | ||
| Q2 24 | $-399.0M | $231.4M | ||
| Q1 24 | $-178.0M | $163.9M |
自由现金流OPENUI
| Q4 25 | $67.0M | $260.3M | ||
| Q3 25 | $432.0M | $193.3M | ||
| Q2 25 | $821.0M | $125.2M | ||
| Q1 25 | $-283.0M | $120.7M | ||
| Q4 24 | $-83.0M | $150.4M | ||
| Q3 24 | $56.0M | $231.1M | ||
| Q2 24 | $-407.0M | $229.5M | ||
| Q1 24 | $-186.0M | $160.6M |
自由现金流率OPENUI
| Q4 25 | 9.1% | 31.9% | ||
| Q3 25 | 47.2% | 26.3% | ||
| Q2 25 | 52.4% | 16.5% | ||
| Q1 25 | -24.5% | 18.2% | ||
| Q4 24 | -7.7% | 25.1% | ||
| Q3 24 | 4.1% | 42.0% | ||
| Q2 24 | -26.9% | 45.2% | ||
| Q1 24 | -15.7% | 32.6% |
资本支出强度OPENUI
| Q4 25 | 0.4% | 0.4% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.1% | 0.7% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.5% | 0.4% | ||
| Q1 24 | 0.7% | 0.7% |
现金转化率OPENUI
| 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
OPEN
暂无分部数据
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
