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SBA Communications（SBAC）与UFP INDUSTRIES INC（UFPI）财务数据对比。点击上方公司名可切换其他公司
UFP INDUSTRIES INC的季度营收约是SBA Communications的1.8倍（$1.3B vs $719.6M），SBA Communications净利率更高（51.5% vs 3.0%，领先48.5%），SBA Communications同比增速更快（3.7% vs -9.0%），SBA Communications自由现金流更多（$833.3M vs $82.7M），过去两年SBA Communications的营收复合增速更高（4.6% vs -9.9%）
SBA Communications是一家房地产投资信托企业，核心业务为持有、运营无线通信基础设施，市场覆盖美国、加拿大、中南美洲及南非地区。公司由Steven Bernstein于1989年创立，前身为Steven Bernstein and Associates。
UFP工业是一家控股企业，业务覆盖零售、工业、建筑三大市场，总部位于美国密歇根州大急流城，1993年公开上市，旗下共有218家关联运营主体，面向零售、建筑、包装三大领域供应数万种产品。
SBAC vs UFPI — 直观对比
营收规模更大
UFPI
是对方的1.8倍
$719.6M
营收增速更快
SBAC
高出12.8%
-9.0%
净利率更高
SBAC
高出48.5%
3.0%
自由现金流更多
SBAC
多$750.5M
$82.7M
两年增速更快
SBAC
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.6M | $1.3B |
| 净利润 | $370.4M | $40.0M |
| 毛利率 | 75.6% | 16.3% |
| 营业利润率 | 41.5% | 4.4% |
| 净利率 | 51.5% | 3.0% |
| 营收同比 | 3.7% | -9.0% |
| 净利润同比 | 107.2% | -41.3% |
| 每股收益（稀释后） | $3.47 | $0.71 |
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SBACUFPI
| Q4 25 | $719.6M | $1.3B | ||
| Q3 25 | $732.3M | $1.6B | ||
| Q2 25 | $699.0M | $1.8B | ||
| Q1 25 | $664.2M | $1.6B | ||
| Q4 24 | $693.7M | $1.5B | ||
| Q3 24 | $667.6M | $1.6B | ||
| Q2 24 | $660.5M | $1.9B | ||
| Q1 24 | $657.9M | $1.6B |
净利润SBACUFPI
| Q4 25 | $370.4M | $40.0M | ||
| Q3 25 | $236.8M | $75.3M | ||
| Q2 25 | $225.8M | $100.7M | ||
| Q1 25 | $220.7M | $78.8M | ||
| Q4 24 | $178.8M | $68.0M | ||
| Q3 24 | $258.5M | $99.8M | ||
| Q2 24 | $162.8M | $125.9M | ||
| Q1 24 | $154.5M | $120.8M |
毛利率SBACUFPI
| Q4 25 | 75.6% | 16.3% | ||
| Q3 25 | 74.1% | 16.8% | ||
| Q2 25 | 75.4% | 17.0% | ||
| Q1 25 | 76.9% | 16.8% | ||
| Q4 24 | 78.1% | 16.4% | ||
| Q3 24 | 77.5% | 18.1% | ||
| Q2 24 | 78.6% | 19.1% | ||
| Q1 24 | 79.0% | 19.9% |
营业利润率SBACUFPI
| Q4 25 | 41.5% | 4.4% | ||
| Q3 25 | 51.1% | 5.7% | ||
| Q2 25 | 47.9% | 6.7% | ||
| Q1 25 | 50.4% | 5.8% | ||
| Q4 24 | 55.1% | 5.4% | ||
| Q3 24 | 56.3% | 7.3% | ||
| Q2 24 | 53.7% | 8.4% | ||
| Q1 24 | 49.2% | 8.2% |
净利率SBACUFPI
| Q4 25 | 51.5% | 3.0% | ||
| Q3 25 | 32.3% | 4.8% | ||
| Q2 25 | 32.3% | 5.5% | ||
| Q1 25 | 33.2% | 4.9% | ||
| Q4 24 | 25.8% | 4.7% | ||
| Q3 24 | 38.7% | 6.1% | ||
| Q2 24 | 24.7% | 6.6% | ||
| Q1 24 | 23.5% | 7.4% |
每股收益（稀释后）SBACUFPI
| Q4 25 | $3.47 | $0.71 | ||
| Q3 25 | $2.20 | $1.29 | ||
| Q2 25 | $2.09 | $1.70 | ||
| Q1 25 | $2.04 | $1.30 | ||
| Q4 24 | $1.61 | $1.12 | ||
| Q3 24 | $2.40 | $1.64 | ||
| Q2 24 | $1.51 | $2.05 | ||
| Q1 24 | $1.42 | $1.96 |
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 | $271.2M | $948.6M |
| 总债务越低越好 | $12.9B | $229.8M |
| 股东权益账面价值 | $-4.9B | $3.1B |
| 总资产 | $11.6B | $4.0B |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资SBACUFPI
| Q4 25 | $271.2M | $948.6M | ||
| Q3 25 | $431.1M | $1.0B | ||
| Q2 25 | $276.8M | $874.0M | ||
| Q1 25 | $702.2M | $934.3M | ||
| Q4 24 | $444.4M | $1.2B | ||
| Q3 24 | $202.6M | $1.2B | ||
| Q2 24 | $250.9M | $1.1B | ||
| Q1 24 | $241.9M | $1.0B |
总债务SBACUFPI
| Q4 25 | $12.9B | $229.8M | ||
| Q3 25 | $12.7B | — | ||
| Q2 25 | $12.5B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $13.6B | $234.0M | ||
| Q3 24 | $12.3B | — | ||
| Q2 24 | $12.3B | — | ||
| Q1 24 | $12.4B | — |
股东权益SBACUFPI
| Q4 25 | $-4.9B | $3.1B | ||
| Q3 25 | $-4.9B | $3.2B | ||
| Q2 25 | $-4.9B | $3.1B | ||
| Q1 25 | $-5.0B | $3.2B | ||
| Q4 24 | $-5.1B | $3.2B | ||
| Q3 24 | $-5.2B | $3.2B | ||
| Q2 24 | $-5.3B | $3.1B | ||
| Q1 24 | $-5.2B | $3.1B |
总资产SBACUFPI
| Q4 25 | $11.6B | $4.0B | ||
| Q3 25 | $11.3B | $4.1B | ||
| Q2 25 | $10.8B | $4.1B | ||
| Q1 25 | $10.4B | $4.2B | ||
| Q4 24 | $11.4B | $4.2B | ||
| Q3 24 | $10.2B | $4.2B | ||
| Q2 24 | $9.8B | $4.1B | ||
| Q1 24 | $10.0B | $4.1B |
负债/权益比SBACUFPI
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.3B | $146.6M |
| 自由现金流经营现金流 - 资本支出 | $833.3M | $82.7M |
| 自由现金流率自由现金流/营收 | 115.8% | 6.2% |
| 资本支出强度资本支出/营收 | 63.7% | 4.8% |
| 现金转化率经营现金流/净利润 | 3.49× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $276.4M |
8季度趋势，按日历期对齐
经营现金流SBACUFPI
| Q4 25 | $1.3B | $146.6M | ||
| Q3 25 | $318.0M | $286.0M | ||
| Q2 25 | $368.1M | $221.9M | ||
| Q1 25 | $301.2M | $-108.8M | ||
| Q4 24 | $1.3B | $144.9M | ||
| Q3 24 | $304.7M | $258.6M | ||
| Q2 24 | $425.6M | $255.9M | ||
| Q1 24 | $294.5M | $-16.8M |
自由现金流SBACUFPI
| Q4 25 | $833.3M | $82.7M | ||
| Q3 25 | $258.0M | $210.2M | ||
| Q2 25 | $312.2M | $159.5M | ||
| Q1 25 | $255.0M | $-176.1M | ||
| Q4 24 | $1.2B | $78.1M | ||
| Q3 24 | $239.9M | $199.7M | ||
| Q2 24 | $375.6M | $198.4M | ||
| Q1 24 | $236.6M | $-65.9M |
自由现金流率SBACUFPI
| Q4 25 | 115.8% | 6.2% | ||
| Q3 25 | 35.2% | 13.5% | ||
| Q2 25 | 44.7% | 8.7% | ||
| Q1 25 | 38.4% | -11.0% | ||
| Q4 24 | 179.9% | 5.3% | ||
| Q3 24 | 35.9% | 12.1% | ||
| Q2 24 | 56.9% | 10.4% | ||
| Q1 24 | 36.0% | -4.0% |
资本支出强度SBACUFPI
| Q4 25 | 63.7% | 4.8% | ||
| Q3 25 | 8.2% | 4.9% | ||
| Q2 25 | 8.0% | 3.4% | ||
| Q1 25 | 7.0% | 4.2% | ||
| Q4 24 | 12.6% | 4.6% | ||
| Q3 24 | 9.7% | 3.6% | ||
| Q2 24 | 7.6% | 3.0% | ||
| Q1 24 | 8.8% | 3.0% |
现金转化率SBACUFPI
| Q4 25 | 3.49× | 3.67× | ||
| Q3 25 | 1.34× | 3.80× | ||
| Q2 25 | 1.63× | 2.20× | ||
| Q1 25 | 1.36× | -1.38× | ||
| Q4 24 | 7.47× | 2.13× | ||
| Q3 24 | 1.18× | 2.59× | ||
| Q2 24 | 2.61× | 2.03× | ||
| Q1 24 | 1.91× | -0.14× |
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
SBAC
暂无分部数据
UFPI
| Retail Segment | $444.0M | 33% |
| Structural Packaging | $230.2M | 17% |
| Factory Built | $189.7M | 14% |
| Site Built | $152.7M | 11% |
| Palletone Inc | $119.2M | 9% |
| Deckorators | $55.2M | 4% |
| Commercial | $53.2M | 4% |
| Concrete Forming | $44.2M | 3% |
| Transferred Over Time | $29.6M | 2% |
| Protective Packaging | $20.7M | 2% |
