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PEGASYSTEMS INC（PEGA）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PEGASYSTEMS INC的1.9倍（$814.9M vs $430.0M），Ubiquiti Inc.净利率更高（28.7% vs 7.6%，领先21.0%），Ubiquiti Inc.同比增速更快（35.8% vs -9.6%），Ubiquiti Inc.自由现金流更多（$260.3M vs $206.5M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 10.7%）
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
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。
PEGA vs UI — 直观对比
营收规模更大
UI
是对方的1.9倍
$430.0M
营收增速更快
UI
高出45.4%
-9.6%
净利率更高
UI
高出21.0%
7.6%
自由现金流更多
UI
多$53.8M
$206.5M
两年增速更快
UI
近两年复合增速
10.7%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $430.0M | $814.9M |
| 净利润 | $32.8M | $233.6M |
| 毛利率 | 75.2% | 45.9% |
| 营业利润率 | 8.6% | 35.9% |
| 净利率 | 7.6% | 28.7% |
| 营收同比 | -9.6% | 35.8% |
| 净利润同比 | — | 70.8% |
| 每股收益（稀释后） | $0.18 | $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PEGAUI
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $814.9M | ||
| Q3 25 | $381.4M | $733.8M | ||
| Q2 25 | $384.5M | $759.2M | ||
| Q1 25 | $475.6M | $664.2M | ||
| Q4 24 | $490.8M | $599.9M | ||
| Q3 24 | $325.1M | $550.3M | ||
| Q2 24 | $351.2M | $507.5M |
净利润PEGAUI
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $233.6M | ||
| Q3 25 | $43.4M | $207.9M | ||
| Q2 25 | $30.1M | $266.7M | ||
| Q1 25 | $85.4M | $180.4M | ||
| Q4 24 | $119.1M | $136.8M | ||
| Q3 24 | $-14.4M | $128.0M | ||
| Q2 24 | $6.6M | $103.8M |
毛利率PEGAUI
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 45.9% | ||
| Q3 25 | 72.2% | 46.0% | ||
| Q2 25 | 71.5% | 45.1% | ||
| Q1 25 | 78.5% | 44.5% | ||
| Q4 24 | 79.1% | 41.2% | ||
| Q3 24 | 70.2% | 42.1% | ||
| Q2 24 | 72.4% | 40.2% |
营业利润率PEGAUI
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 35.9% | ||
| Q3 25 | 3.8% | 35.7% | ||
| Q2 25 | 4.5% | 34.4% | ||
| Q1 25 | 26.7% | 34.2% | ||
| Q4 24 | 29.1% | 29.8% | ||
| Q3 24 | -3.6% | 30.7% | ||
| Q2 24 | 3.7% | 27.3% |
净利率PEGAUI
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | 28.7% | ||
| Q3 25 | 11.4% | 28.3% | ||
| Q2 25 | 7.8% | 35.1% | ||
| Q1 25 | 18.0% | 27.2% | ||
| Q4 24 | 24.3% | 22.8% | ||
| Q3 24 | -4.4% | 23.3% | ||
| Q2 24 | 1.9% | 20.5% |
每股收益（稀释后）PEGAUI
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $3.86 | ||
| Q3 25 | $0.24 | $3.43 | ||
| Q2 25 | $0.17 | $4.40 | ||
| Q1 25 | $0.91 | $2.98 | ||
| Q4 24 | $1.35 | $2.26 | ||
| Q3 24 | $-0.17 | $2.12 | ||
| Q2 24 | $0.07 | $1.72 |
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 | $270.0M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $705.9M | $1.0B |
| 总资产 | $1.6B | $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PEGAUI
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $302.8M | ||
| Q3 25 | $351.4M | $177.2M | ||
| Q2 25 | $411.6M | $149.7M | ||
| Q1 25 | $371.7M | $151.0M | ||
| Q4 24 | $740.0M | $133.1M | ||
| Q3 24 | $703.0M | $165.2M | ||
| Q2 24 | $665.1M | $126.3M |
总债务PEGAUI
| Q1 26 | — | — | ||
| 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 |
股东权益PEGAUI
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $1.0B | ||
| Q3 25 | $596.8M | $828.4M | ||
| Q2 25 | $624.5M | $668.3M | ||
| Q1 25 | $611.3M | $436.1M | ||
| Q4 24 | $585.5M | $290.4M | ||
| Q3 24 | $473.0M | $188.1M | ||
| Q2 24 | $435.4M | $95.1M |
总资产PEGAUI
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B |
负债/权益比PEGAUI
| Q1 26 | — | — | ||
| 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× |
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 | — | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $206.5M | $260.3M |
| 自由现金流率自由现金流/营收 | 48.0% | 31.9% |
| 资本支出强度资本支出/营收 | — | 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 | $494.9M | $699.5M |
8季度趋势，按日历期对齐
经营现金流PEGAUI
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $263.9M | ||
| Q3 25 | $56.3M | $198.5M | ||
| Q2 25 | $86.3M | $130.4M | ||
| Q1 25 | $204.2M | $123.6M | ||
| Q4 24 | $95.2M | $152.4M | ||
| Q3 24 | $30.5M | $233.7M | ||
| Q2 24 | $40.1M | $231.4M |
自由现金流PEGAUI
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $260.3M | ||
| Q3 25 | $51.8M | $193.3M | ||
| Q2 25 | $84.1M | $125.2M | ||
| Q1 25 | $202.3M | $120.7M | ||
| Q4 24 | $92.4M | $150.4M | ||
| Q3 24 | $27.4M | $231.1M | ||
| Q2 24 | $38.8M | $229.5M |
自由现金流率PEGAUI
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 31.9% | ||
| Q3 25 | 13.6% | 26.3% | ||
| Q2 25 | 21.9% | 16.5% | ||
| Q1 25 | 42.5% | 18.2% | ||
| Q4 24 | 18.8% | 25.1% | ||
| Q3 24 | 8.4% | 42.0% | ||
| Q2 24 | 11.1% | 45.2% |
资本支出强度PEGAUI
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 0.6% | 0.7% | ||
| Q1 25 | 0.4% | 0.4% | ||
| Q4 24 | 0.6% | 0.3% | ||
| Q3 24 | 0.9% | 0.5% | ||
| Q2 24 | 0.4% | 0.4% |
现金转化率PEGAUI
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 1.13× | ||
| Q3 25 | 1.30× | 0.95× | ||
| Q2 25 | 2.87× | 0.49× | ||
| Q1 25 | 2.39× | 0.68× | ||
| Q4 24 | 0.80× | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | 6.06× | 2.23× |
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
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
