vs
RLI CORP（RLI）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RLI CORP的1.7倍（$814.9M vs $465.7M），Ubiquiti Inc.净利率更高（28.7% vs 19.6%，领先9.1%），Ubiquiti Inc.同比增速更快（35.8% vs 6.1%），Ubiquiti Inc.自由现金流更多（$260.3M vs $155.0M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 2.3%）
RLI Corp是一家总部位于美国伊利诺伊州皮奥里亚的专业保险公司，主营财产保险与意外伤害保险业务，深耕保险领域多年，凭借成熟的风险管控体系与定制化产品矩阵，为不同类型的客户提供全面可靠的风险保障服务。
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。
RLI vs UI — 直观对比
营收规模更大
UI
是对方的1.7倍
$465.7M
营收增速更快
UI
高出29.8%
6.1%
净利率更高
UI
高出9.1%
19.6%
自由现金流更多
UI
多$105.3M
$155.0M
两年增速更快
UI
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $465.7M | $814.9M |
| 净利润 | $91.2M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 24.4% | 35.9% |
| 净利率 | 19.6% | 28.7% |
| 营收同比 | 6.1% | 35.8% |
| 净利润同比 | 123.1% | 70.8% |
| 每股收益（稀释后） | $1.00 | $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RLIUI
| Q4 25 | $465.7M | $814.9M | ||
| Q3 25 | $509.3M | $733.8M | ||
| Q2 25 | $499.8M | $759.2M | ||
| Q1 25 | $407.7M | $664.2M | ||
| Q4 24 | $439.1M | $599.9M | ||
| Q3 24 | $470.0M | $550.3M | ||
| Q2 24 | $416.4M | $507.5M | ||
| Q1 24 | $444.8M | $493.0M |
净利润RLIUI
| Q4 25 | $91.2M | $233.6M | ||
| Q3 25 | $124.6M | $207.9M | ||
| Q2 25 | $124.3M | $266.7M | ||
| Q1 25 | $63.2M | $180.4M | ||
| Q4 24 | $40.9M | $136.8M | ||
| Q3 24 | $95.0M | $128.0M | ||
| Q2 24 | $82.0M | $103.8M | ||
| Q1 24 | $127.9M | $76.3M |
毛利率RLIUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率RLIUI
| Q4 25 | 24.4% | 35.9% | ||
| Q3 25 | 30.9% | 35.7% | ||
| Q2 25 | 31.3% | 34.4% | ||
| Q1 25 | 19.3% | 34.2% | ||
| Q4 24 | 10.8% | 29.8% | ||
| Q3 24 | 24.9% | 30.7% | ||
| Q2 24 | 24.8% | 27.3% | ||
| Q1 24 | 36.0% | 22.6% |
净利率RLIUI
| Q4 25 | 19.6% | 28.7% | ||
| Q3 25 | 24.5% | 28.3% | ||
| Q2 25 | 24.9% | 35.1% | ||
| Q1 25 | 15.5% | 27.2% | ||
| Q4 24 | 9.3% | 22.8% | ||
| Q3 24 | 20.2% | 23.3% | ||
| Q2 24 | 19.7% | 20.5% | ||
| Q1 24 | 28.8% | 15.5% |
每股收益（稀释后）RLIUI
| Q4 25 | $1.00 | $3.86 | ||
| Q3 25 | $1.35 | $3.43 | ||
| Q2 25 | $1.34 | $4.40 | ||
| Q1 25 | $0.68 | $2.98 | ||
| Q4 24 | $-2.87 | $2.26 | ||
| Q3 24 | $2.06 | $2.12 | ||
| Q2 24 | $1.78 | $1.72 | ||
| Q1 24 | $2.77 | $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 | — | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $1.8B | $1.0B |
| 总资产 | $6.2B | $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RLIUI
| Q4 25 | — | $302.8M | ||
| Q3 25 | — | $177.2M | ||
| Q2 25 | — | $149.7M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $133.1M | ||
| Q3 24 | — | $165.2M | ||
| Q2 24 | — | $126.3M | ||
| Q1 24 | — | $102.5M |
总债务RLIUI
| Q4 25 | — | $47.5M | ||
| Q3 25 | $100.0M | $133.8M | ||
| Q2 25 | $100.0M | $250.0M | ||
| Q1 25 | $100.0M | $340.0M | ||
| Q4 24 | $100.0M | $406.3M | ||
| Q3 24 | $100.0M | $552.5M | ||
| Q2 24 | $100.0M | $708.1M | ||
| Q1 24 | $100.0M | $877.5M |
股东权益RLIUI
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $1.9B | $828.4M | ||
| Q2 25 | $1.7B | $668.3M | ||
| Q1 25 | $1.6B | $436.1M | ||
| Q4 24 | $1.5B | $290.4M | ||
| Q3 24 | $1.7B | $188.1M | ||
| Q2 24 | $1.6B | $95.1M | ||
| Q1 24 | $1.5B | $25.9M |
总资产RLIUI
| Q4 25 | $6.2B | $1.6B | ||
| Q3 25 | $6.2B | $1.5B | ||
| Q2 25 | $6.0B | $1.5B | ||
| Q1 25 | $5.7B | $1.3B | ||
| Q4 24 | $5.6B | $1.2B | ||
| Q3 24 | $5.8B | $1.2B | ||
| Q2 24 | $5.5B | $1.2B | ||
| Q1 24 | $5.3B | $1.2B |
负债/权益比RLIUI
| Q4 25 | — | 0.05× | ||
| Q3 25 | 0.05× | 0.16× | ||
| Q2 25 | 0.06× | 0.37× | ||
| Q1 25 | 0.06× | 0.78× | ||
| Q4 24 | 0.07× | 1.40× | ||
| Q3 24 | 0.06× | 2.94× | ||
| Q2 24 | 0.06× | 7.45× | ||
| Q1 24 | 0.07× | 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 | $156.8M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $155.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 33.3% | 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 | 1.72× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $608.7M | $699.5M |
8季度趋势，按日历期对齐
经营现金流RLIUI
| Q4 25 | $156.8M | $263.9M | ||
| Q3 25 | $179.2M | $198.5M | ||
| Q2 25 | $174.7M | $130.4M | ||
| Q1 25 | $103.5M | $123.6M | ||
| Q4 24 | $128.1M | $152.4M | ||
| Q3 24 | $219.4M | $233.7M | ||
| Q2 24 | $141.8M | $231.4M | ||
| Q1 24 | $70.9M | $163.9M |
自由现金流RLIUI
| Q4 25 | $155.0M | $260.3M | ||
| Q3 25 | $177.8M | $193.3M | ||
| Q2 25 | $173.4M | $125.2M | ||
| Q1 25 | $102.5M | $120.7M | ||
| Q4 24 | $127.6M | $150.4M | ||
| Q3 24 | $219.0M | $231.1M | ||
| Q2 24 | $139.1M | $229.5M | ||
| Q1 24 | $69.9M | $160.6M |
自由现金流率RLIUI
| Q4 25 | 33.3% | 31.9% | ||
| Q3 25 | 34.9% | 26.3% | ||
| Q2 25 | 34.7% | 16.5% | ||
| Q1 25 | 25.1% | 18.2% | ||
| Q4 24 | 29.0% | 25.1% | ||
| Q3 24 | 46.6% | 42.0% | ||
| Q2 24 | 33.4% | 45.2% | ||
| Q1 24 | 15.7% | 32.6% |
资本支出强度RLIUI
| Q4 25 | 0.4% | 0.4% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.3% | 0.7% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.7% | 0.4% | ||
| Q1 24 | 0.2% | 0.7% |
现金转化率RLIUI
| Q4 25 | 1.72× | 1.13× | ||
| Q3 25 | 1.44× | 0.95× | ||
| Q2 25 | 1.41× | 0.49× | ||
| Q1 25 | 1.64× | 0.68× | ||
| Q4 24 | 3.13× | 1.11× | ||
| Q3 24 | 2.31× | 1.83× | ||
| Q2 24 | 1.73× | 2.23× | ||
| Q1 24 | 0.55× | 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
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
