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PINTEREST, INC.（PINS）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
PINTEREST, INC.的季度营收约是Ubiquiti Inc.的1.6倍（$1.3B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 21.0%，领先7.7%），Ubiquiti Inc.同比增速更快（35.8% vs 14.3%），PINTEREST, INC.自由现金流更多（$380.4M vs $260.3M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs 28.6%）
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
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。
PINS vs UI — 直观对比
营收规模更大
PINS
是对方的1.6倍
$814.9M
营收增速更快
UI
高出21.5%
14.3%
净利率更高
UI
高出7.7%
21.0%
自由现金流更多
PINS
多$120.1M
$260.3M
两年增速更快
PINS
近两年复合增速
28.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $814.9M |
| 净利润 | $277.1M | $233.6M |
| 毛利率 | 82.8% | 45.9% |
| 营业利润率 | 22.8% | 35.9% |
| 净利率 | 21.0% | 28.7% |
| 营收同比 | 14.3% | 35.8% |
| 净利润同比 | -85.0% | 70.8% |
| 每股收益（稀释后） | $0.41 | $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PINSUI
| Q4 25 | $1.3B | $814.9M | ||
| Q3 25 | $1.0B | $733.8M | ||
| Q2 25 | $998.2M | $759.2M | ||
| Q1 25 | $855.0M | $664.2M | ||
| Q4 24 | $1.2B | $599.9M | ||
| Q3 24 | $898.4M | $550.3M | ||
| Q2 24 | $853.7M | $507.5M | ||
| Q1 24 | $740.0M | $493.0M |
净利润PINSUI
| Q4 25 | $277.1M | $233.6M | ||
| Q3 25 | $92.1M | $207.9M | ||
| Q2 25 | $38.8M | $266.7M | ||
| Q1 25 | $8.9M | $180.4M | ||
| Q4 24 | $1.8B | $136.8M | ||
| Q3 24 | $30.6M | $128.0M | ||
| Q2 24 | $8.9M | $103.8M | ||
| Q1 24 | $-24.8M | $76.3M |
毛利率PINSUI
| Q4 25 | 82.8% | 45.9% | ||
| Q3 25 | 79.8% | 46.0% | ||
| Q2 25 | 79.7% | 45.1% | ||
| Q1 25 | 76.7% | 44.5% | ||
| Q4 24 | 82.9% | 41.2% | ||
| Q3 24 | 79.1% | 42.1% | ||
| Q2 24 | 78.3% | 40.2% | ||
| Q1 24 | 75.5% | 35.3% |
营业利润率PINSUI
| Q4 25 | 22.8% | 35.9% | ||
| Q3 25 | 5.6% | 35.7% | ||
| Q2 25 | -0.4% | 34.4% | ||
| Q1 25 | -4.1% | 34.2% | ||
| Q4 24 | 22.7% | 29.8% | ||
| Q3 24 | -0.7% | 30.7% | ||
| Q2 24 | -2.5% | 27.3% | ||
| Q1 24 | -7.4% | 22.6% |
净利率PINSUI
| Q4 25 | 21.0% | 28.7% | ||
| Q3 25 | 8.8% | 28.3% | ||
| Q2 25 | 3.9% | 35.1% | ||
| Q1 25 | 1.0% | 27.2% | ||
| Q4 24 | 160.1% | 22.8% | ||
| Q3 24 | 3.4% | 23.3% | ||
| Q2 24 | 1.0% | 20.5% | ||
| Q1 24 | -3.4% | 15.5% |
每股收益（稀释后）PINSUI
| Q4 25 | $0.41 | $3.86 | ||
| Q3 25 | $0.13 | $3.43 | ||
| Q2 25 | $0.06 | $4.40 | ||
| Q1 25 | $0.01 | $2.98 | ||
| Q4 24 | $2.66 | $2.26 | ||
| Q3 24 | $0.04 | $2.12 | ||
| Q2 24 | $0.01 | $1.72 | ||
| Q1 24 | $-0.04 | $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 | $969.3M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $4.7B | $1.0B |
| 总资产 | $5.5B | $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PINSUI
| Q4 25 | $969.3M | $302.8M | ||
| Q3 25 | $1.1B | $177.2M | ||
| Q2 25 | $1.2B | $149.7M | ||
| Q1 25 | $1.3B | $151.0M | ||
| Q4 24 | $1.1B | $133.1M | ||
| Q3 24 | $1.0B | $165.2M | ||
| Q2 24 | $1.4B | $126.3M | ||
| Q1 24 | $1.6B | $102.5M |
总债务PINSUI
| 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PINSUI
| Q4 25 | $4.7B | $1.0B | ||
| Q3 25 | $4.8B | $828.4M | ||
| Q2 25 | $4.8B | $668.3M | ||
| Q1 25 | $4.7B | $436.1M | ||
| Q4 24 | $4.8B | $290.4M | ||
| Q3 24 | $2.9B | $188.1M | ||
| Q2 24 | $3.2B | $95.1M | ||
| Q1 24 | $3.1B | $25.9M |
总资产PINSUI
| Q4 25 | $5.5B | $1.6B | ||
| Q3 25 | $5.5B | $1.5B | ||
| Q2 25 | $5.4B | $1.5B | ||
| Q1 25 | $5.3B | $1.3B | ||
| Q4 24 | $5.3B | $1.2B | ||
| Q3 24 | $3.5B | $1.2B | ||
| Q2 24 | $3.7B | $1.2B | ||
| Q1 24 | $3.7B | $1.2B |
负债/权益比PINSUI
| 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 | $391.2M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $380.4M | $260.3M |
| 自由现金流率自由现金流/营收 | 28.8% | 31.9% |
| 资本支出强度资本支出/营收 | 0.8% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $699.5M |
8季度趋势，按日历期对齐
经营现金流PINSUI
| Q4 25 | $391.2M | $263.9M | ||
| Q3 25 | $321.7M | $198.5M | ||
| Q2 25 | $207.7M | $130.4M | ||
| Q1 25 | $363.7M | $123.6M | ||
| Q4 24 | $254.0M | $152.4M | ||
| Q3 24 | $248.0M | $233.7M | ||
| Q2 24 | $106.4M | $231.4M | ||
| Q1 24 | $356.1M | $163.9M |
自由现金流PINSUI
| Q4 25 | $380.4M | $260.3M | ||
| Q3 25 | $318.4M | $193.3M | ||
| Q2 25 | $196.7M | $125.2M | ||
| Q1 25 | $356.4M | $120.7M | ||
| Q4 24 | $250.2M | $150.4M | ||
| Q3 24 | $244.1M | $231.1M | ||
| Q2 24 | $101.6M | $229.5M | ||
| Q1 24 | $344.0M | $160.6M |
自由现金流率PINSUI
| Q4 25 | 28.8% | 31.9% | ||
| Q3 25 | 30.3% | 26.3% | ||
| Q2 25 | 19.7% | 16.5% | ||
| Q1 25 | 41.7% | 18.2% | ||
| Q4 24 | 21.7% | 25.1% | ||
| Q3 24 | 27.2% | 42.0% | ||
| Q2 24 | 11.9% | 45.2% | ||
| Q1 24 | 46.5% | 32.6% |
资本支出强度PINSUI
| Q4 25 | 0.8% | 0.4% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 1.1% | 0.7% | ||
| Q1 25 | 0.9% | 0.4% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.6% | 0.4% | ||
| Q1 24 | 1.6% | 0.7% |
现金转化率PINSUI
| Q4 25 | 1.41× | 1.13× | ||
| Q3 25 | 3.49× | 0.95× | ||
| Q2 25 | 5.36× | 0.49× | ||
| Q1 25 | 40.77× | 0.68× | ||
| Q4 24 | 0.14× | 1.11× | ||
| Q3 24 | 8.12× | 1.83× | ||
| Q2 24 | 11.98× | 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
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
