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STERLING INFRASTRUCTURE, INC.（STRL）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STERLING INFRASTRUCTURE, INC.的1.1倍（$814.9M vs $755.6M），Ubiquiti Inc.净利率更高（28.7% vs 11.6%，领先17.1%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 35.8%），Ubiquiti Inc.自由现金流更多（$260.3M vs $159.7M），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% vs 28.6%）
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
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。
STRL vs UI — 直观对比
营收规模更大
UI
是对方的1.1倍
$755.6M
营收增速更快
STRL
高出15.6%
35.8%
净利率更高
UI
高出17.1%
11.6%
自由现金流更多
UI
多$100.6M
$159.7M
两年增速更快
STRL
近两年复合增速
28.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $814.9M |
| 净利润 | $87.6M | $233.6M |
| 毛利率 | 21.7% | 45.9% |
| 营业利润率 | 15.9% | 35.9% |
| 净利率 | 11.6% | 28.7% |
| 营收同比 | 51.5% | 35.8% |
| 净利润同比 | -22.6% | 70.8% |
| 每股收益（稀释后） | $2.82 | $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STRLUI
| Q4 25 | $755.6M | $814.9M | ||
| Q3 25 | $689.0M | $733.8M | ||
| Q2 25 | $614.5M | $759.2M | ||
| Q1 25 | $430.9M | $664.2M | ||
| Q4 24 | $498.8M | $599.9M | ||
| Q3 24 | $593.7M | $550.3M | ||
| Q2 24 | $582.8M | $507.5M | ||
| Q1 24 | $440.4M | $493.0M |
净利润STRLUI
| Q4 25 | $87.6M | $233.6M | ||
| Q3 25 | $92.1M | $207.9M | ||
| Q2 25 | $71.0M | $266.7M | ||
| Q1 25 | $39.5M | $180.4M | ||
| Q4 24 | $113.2M | $136.8M | ||
| Q3 24 | $61.3M | $128.0M | ||
| Q2 24 | $51.9M | $103.8M | ||
| Q1 24 | $31.0M | $76.3M |
毛利率STRLUI
| Q4 25 | 21.7% | 45.9% | ||
| Q3 25 | 24.7% | 46.0% | ||
| Q2 25 | 23.3% | 45.1% | ||
| Q1 25 | 22.0% | 44.5% | ||
| Q4 24 | 21.4% | 41.2% | ||
| Q3 24 | 21.9% | 42.1% | ||
| Q2 24 | 19.3% | 40.2% | ||
| Q1 24 | 17.5% | 35.3% |
营业利润率STRLUI
| Q4 25 | 15.9% | 35.9% | ||
| Q3 25 | 18.2% | 35.7% | ||
| Q2 25 | 17.0% | 34.4% | ||
| Q1 25 | 13.0% | 34.2% | ||
| Q4 24 | 12.5% | 29.8% | ||
| Q3 24 | 14.7% | 30.7% | ||
| Q2 24 | 12.5% | 27.3% | ||
| Q1 24 | 9.6% | 22.6% |
净利率STRLUI
| Q4 25 | 11.6% | 28.7% | ||
| Q3 25 | 13.4% | 28.3% | ||
| Q2 25 | 11.6% | 35.1% | ||
| Q1 25 | 9.2% | 27.2% | ||
| Q4 24 | 22.7% | 22.8% | ||
| Q3 24 | 10.3% | 23.3% | ||
| Q2 24 | 8.9% | 20.5% | ||
| Q1 24 | 7.1% | 15.5% |
每股收益（稀释后）STRLUI
| Q4 25 | $2.82 | $3.86 | ||
| Q3 25 | $2.97 | $3.43 | ||
| Q2 25 | $2.31 | $4.40 | ||
| Q1 25 | $1.28 | $2.98 | ||
| Q4 24 | $3.63 | $2.26 | ||
| Q3 24 | $1.97 | $2.12 | ||
| Q2 24 | $1.67 | $1.72 | ||
| Q1 24 | $1.00 | $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 | $390.7M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $1.1B | $1.0B |
| 总资产 | $2.6B | $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STRLUI
| Q4 25 | $390.7M | $302.8M | ||
| Q3 25 | $306.4M | $177.2M | ||
| Q2 25 | $699.4M | $149.7M | ||
| Q1 25 | $638.6M | $151.0M | ||
| Q4 24 | $664.2M | $133.1M | ||
| Q3 24 | $648.1M | $165.2M | ||
| Q2 24 | $540.0M | $126.3M | ||
| Q1 24 | $480.4M | $102.5M |
总债务STRLUI
| 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STRLUI
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.1B | $828.4M | ||
| Q2 25 | $881.7M | $668.3M | ||
| Q1 25 | $805.4M | $436.1M | ||
| Q4 24 | $808.1M | $290.4M | ||
| Q3 24 | $716.5M | $188.1M | ||
| Q2 24 | $670.7M | $95.1M | ||
| Q1 24 | $644.6M | $25.9M |
总资产STRLUI
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
负债/权益比STRLUI
| 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 | $186.1M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $159.7M | $260.3M |
| 自由现金流率自由现金流/营收 | 21.1% | 31.9% |
| 资本支出强度资本支出/营收 | 3.5% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.12× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $362.7M | $699.5M |
8季度趋势，按日历期对齐
经营现金流STRLUI
| Q4 25 | $186.1M | $263.9M | ||
| Q3 25 | $83.6M | $198.5M | ||
| Q2 25 | $85.4M | $130.4M | ||
| Q1 25 | $84.9M | $123.6M | ||
| Q4 24 | $174.3M | $152.4M | ||
| Q3 24 | $152.3M | $233.7M | ||
| Q2 24 | $121.0M | $231.4M | ||
| Q1 24 | $49.6M | $163.9M |
自由现金流STRLUI
| Q4 25 | $159.7M | $260.3M | ||
| Q3 25 | $64.0M | $193.3M | ||
| Q2 25 | $72.1M | $125.2M | ||
| Q1 25 | $67.0M | $120.7M | ||
| Q4 24 | $158.6M | $150.4M | ||
| Q3 24 | $138.3M | $231.1M | ||
| Q2 24 | $92.1M | $229.5M | ||
| Q1 24 | $27.2M | $160.6M |
自由现金流率STRLUI
| Q4 25 | 21.1% | 31.9% | ||
| Q3 25 | 9.3% | 26.3% | ||
| Q2 25 | 11.7% | 16.5% | ||
| Q1 25 | 15.5% | 18.2% | ||
| Q4 24 | 31.8% | 25.1% | ||
| Q3 24 | 23.3% | 42.0% | ||
| Q2 24 | 15.8% | 45.2% | ||
| Q1 24 | 6.2% | 32.6% |
资本支出强度STRLUI
| Q4 25 | 3.5% | 0.4% | ||
| Q3 25 | 2.9% | 0.7% | ||
| Q2 25 | 2.2% | 0.7% | ||
| Q1 25 | 4.2% | 0.4% | ||
| Q4 24 | 3.1% | 0.3% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | 5.0% | 0.4% | ||
| Q1 24 | 5.1% | 0.7% |
现金转化率STRLUI
| Q4 25 | 2.12× | 1.13× | ||
| Q3 25 | 0.91× | 0.95× | ||
| Q2 25 | 1.20× | 0.49× | ||
| Q1 25 | 2.15× | 0.68× | ||
| Q4 24 | 1.54× | 1.11× | ||
| Q3 24 | 2.48× | 1.83× | ||
| Q2 24 | 2.33× | 2.23× | ||
| Q1 24 | 1.60× | 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
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
