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Planet Labs PBC（PL）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Planet Labs PBC的10.0倍（$814.9M vs $81.3M）。Ubiquiti Inc.净利率更高（28.7% vs -72.8%，领先101.5%）。Ubiquiti Inc.同比增速更快（35.8% vs 32.6%）。Ubiquiti Inc.自由现金流更多（$260.3M vs $1.9M）。过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 17.5%）
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
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。
PL vs UI — 直观对比
营收规模更大
UI
是对方的10.0倍
$81.3M
营收增速更快
UI
高出3.2%
32.6%
净利率更高
UI
高出101.5%
-72.8%
自由现金流更多
UI
多$258.4M
$1.9M
两年增速更快
UI
近两年复合增速
17.5%
损益表 — Q3 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $81.3M | $814.9M |
| 净利润 | $-59.2M | $233.6M |
| 毛利率 | 57.3% | 45.9% |
| 营业利润率 | -22.6% | 35.9% |
| 净利率 | -72.8% | 28.7% |
| 营收同比 | 32.6% | 35.8% |
| 净利润同比 | -194.7% | 70.8% |
| 每股收益（稀释后） | $-0.19 | $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PLUI
| Q4 25 | $81.3M | $814.9M | ||
| Q3 25 | $73.4M | $733.8M | ||
| Q2 25 | $66.3M | $759.2M | ||
| Q1 25 | $61.6M | $664.2M | ||
| Q4 24 | $61.3M | $599.9M | ||
| Q3 24 | $61.1M | $550.3M | ||
| Q2 24 | $60.4M | $507.5M | ||
| Q1 24 | $58.9M | $493.0M |
净利润PLUI
| Q4 25 | $-59.2M | $233.6M | ||
| Q3 25 | $-22.6M | $207.9M | ||
| Q2 25 | $-12.6M | $266.7M | ||
| Q1 25 | $-35.2M | $180.4M | ||
| Q4 24 | $-20.1M | $136.8M | ||
| Q3 24 | $-38.7M | $128.0M | ||
| Q2 24 | $-29.3M | $103.8M | ||
| Q1 24 | $-30.1M | $76.3M |
毛利率PLUI
| Q4 25 | 57.3% | 45.9% | ||
| Q3 25 | 57.6% | 46.0% | ||
| Q2 25 | 55.2% | 45.1% | ||
| Q1 25 | 62.1% | 44.5% | ||
| Q4 24 | 61.2% | 41.2% | ||
| Q3 24 | 52.9% | 42.1% | ||
| Q2 24 | 52.4% | 40.2% | ||
| Q1 24 | 55.2% | 35.3% |
营业利润率PLUI
| Q4 25 | -22.6% | 35.9% | ||
| Q3 25 | -24.5% | 35.7% | ||
| Q2 25 | -34.4% | 34.4% | ||
| Q1 25 | -31.5% | 34.2% | ||
| Q4 24 | -36.9% | 29.8% | ||
| Q3 24 | -64.8% | 30.7% | ||
| Q2 24 | -57.2% | 27.3% | ||
| Q1 24 | -57.6% | 22.6% |
净利率PLUI
| Q4 25 | -72.8% | 28.7% | ||
| Q3 25 | -30.8% | 28.3% | ||
| Q2 25 | -19.1% | 35.1% | ||
| Q1 25 | -57.1% | 27.2% | ||
| Q4 24 | -32.8% | 22.8% | ||
| Q3 24 | -63.3% | 23.3% | ||
| Q2 24 | -48.5% | 20.5% | ||
| Q1 24 | -51.1% | 15.5% |
每股收益（稀释后）PLUI
| Q4 25 | $-0.19 | $3.86 | ||
| Q3 25 | $-0.07 | $3.43 | ||
| Q2 25 | $-0.04 | $4.40 | ||
| Q1 25 | $-0.12 | $2.98 | ||
| Q4 24 | $-0.07 | $2.26 | ||
| Q3 24 | $-0.13 | $2.12 | ||
| Q2 24 | $-0.10 | $1.72 | ||
| Q1 24 | $-0.10 | $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 | $443.3M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $349.6M | $1.0B |
| 总资产 | $1.1B | $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PLUI
| Q4 25 | $443.3M | $302.8M | ||
| Q3 25 | $181.1M | $177.2M | ||
| Q2 25 | $133.5M | $149.7M | ||
| Q1 25 | $118.0M | $151.0M | ||
| Q4 24 | $139.0M | $133.1M | ||
| Q3 24 | $148.3M | $165.2M | ||
| Q2 24 | $107.4M | $126.3M | ||
| Q1 24 | $83.9M | $102.5M |
总债务PLUI
| 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PLUI
| Q4 25 | $349.6M | $1.0B | ||
| Q3 25 | $435.7M | $828.4M | ||
| Q2 25 | $444.8M | $668.3M | ||
| Q1 25 | $441.3M | $436.1M | ||
| Q4 24 | $464.6M | $290.4M | ||
| Q3 24 | $473.2M | $188.1M | ||
| Q2 24 | $500.3M | $95.1M | ||
| Q1 24 | $518.0M | $25.9M |
总资产PLUI
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $696.4M | $1.5B | ||
| Q2 25 | $658.4M | $1.5B | ||
| Q1 25 | $633.8M | $1.3B | ||
| Q4 24 | $630.8M | $1.2B | ||
| Q3 24 | $658.4M | $1.2B | ||
| Q2 24 | $674.6M | $1.2B | ||
| Q1 24 | $702.0M | $1.2B |
负债/权益比PLUI
| 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 | $28.6M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $1.9M | $260.3M |
| 自由现金流率自由现金流/营收 | 2.3% | 31.9% |
| 资本支出强度资本支出/营收 | 32.9% | 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 | $40.7M | $699.5M |
8季度趋势，按日历期对齐
经营现金流PLUI
| Q4 25 | $28.6M | $263.9M | ||
| Q3 25 | $67.8M | $198.5M | ||
| Q2 25 | $17.3M | $130.4M | ||
| Q1 25 | $-6.3M | $123.6M | ||
| Q4 24 | $4.1M | $152.4M | ||
| Q3 24 | $-7.9M | $233.7M | ||
| Q2 24 | $-4.3M | $231.4M | ||
| Q1 24 | $-6.8M | $163.9M |
自由现金流PLUI
| Q4 25 | $1.9M | $260.3M | ||
| Q3 25 | $47.5M | $193.3M | ||
| Q2 25 | $9.2M | $125.2M | ||
| Q1 25 | $-17.9M | $120.7M | ||
| Q4 24 | $-3.6M | $150.4M | ||
| Q3 24 | $-23.0M | $231.1M | ||
| Q2 24 | $-14.2M | $229.5M | ||
| Q1 24 | $-15.7M | $160.6M |
自由现金流率PLUI
| Q4 25 | 2.3% | 31.9% | ||
| Q3 25 | 64.7% | 26.3% | ||
| Q2 25 | 13.9% | 16.5% | ||
| Q1 25 | -29.1% | 18.2% | ||
| Q4 24 | -5.8% | 25.1% | ||
| Q3 24 | -37.6% | 42.0% | ||
| Q2 24 | -23.6% | 45.2% | ||
| Q1 24 | -26.7% | 32.6% |
资本支出强度PLUI
| Q4 25 | 32.9% | 0.4% | ||
| Q3 25 | 27.6% | 0.7% | ||
| Q2 25 | 12.3% | 0.7% | ||
| Q1 25 | 18.9% | 0.4% | ||
| Q4 24 | 12.5% | 0.3% | ||
| Q3 24 | 24.8% | 0.5% | ||
| Q2 24 | 16.4% | 0.4% | ||
| Q1 24 | 15.1% | 0.7% |
现金转化率PLUI
| 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
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
