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思佳讯（SWKS）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是Ubiquiti Inc.的1.3倍（$1.0B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 7.6%，领先21.0%），Ubiquiti Inc.同比增速更快（35.8% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $260.3M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -0.5%）
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
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。
SWKS vs UI — 直观对比
营收规模更大
SWKS
是对方的1.3倍
$814.9M
营收增速更快
UI
高出27.2%
8.6%
净利率更高
UI
高出21.0%
7.6%
自由现金流更多
SWKS
多$78.7M
$260.3M
两年增速更快
UI
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $814.9M |
| 净利润 | $79.2M | $233.6M |
| 毛利率 | 41.3% | 45.9% |
| 营业利润率 | 10.0% | 35.9% |
| 净利率 | 7.6% | 28.7% |
| 营收同比 | 8.6% | 35.8% |
| 净利润同比 | 15.3% | 70.8% |
| 每股收益（稀释后） | $0.53 | $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SWKSUI
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $814.9M | ||
| Q3 25 | — | $733.8M | ||
| Q2 25 | $965.0M | $759.2M | ||
| Q1 25 | $953.2M | $664.2M | ||
| Q4 24 | $1.1B | $599.9M | ||
| Q3 24 | $1.0B | $550.3M | ||
| Q2 24 | $905.5M | $507.5M |
净利润SWKSUI
| Q1 26 | $79.2M | — | ||
| Q4 25 | $141.4M | $233.6M | ||
| Q3 25 | — | $207.9M | ||
| Q2 25 | $105.0M | $266.7M | ||
| Q1 25 | $68.7M | $180.4M | ||
| Q4 24 | $162.0M | $136.8M | ||
| Q3 24 | $60.5M | $128.0M | ||
| Q2 24 | $120.9M | $103.8M |
毛利率SWKSUI
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.7% | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | 41.6% | 45.1% | ||
| Q1 25 | 41.1% | 44.5% | ||
| Q4 24 | 41.4% | 41.2% | ||
| Q3 24 | 41.9% | 42.1% | ||
| Q2 24 | 40.2% | 40.2% |
营业利润率SWKSUI
| Q1 26 | 10.0% | — | ||
| Q4 25 | 10.1% | 35.9% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | 11.5% | 34.4% | ||
| Q1 25 | 10.2% | 34.2% | ||
| Q4 24 | 16.9% | 29.8% | ||
| Q3 24 | 5.8% | 30.7% | ||
| Q2 24 | 14.4% | 27.3% |
净利率SWKSUI
| Q1 26 | 7.6% | — | ||
| Q4 25 | 12.9% | 28.7% | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | 10.9% | 35.1% | ||
| Q1 25 | 7.2% | 27.2% | ||
| Q4 24 | 15.2% | 22.8% | ||
| Q3 24 | 5.9% | 23.3% | ||
| Q2 24 | 13.4% | 20.5% |
每股收益（稀释后）SWKSUI
| Q1 26 | $0.53 | — | ||
| Q4 25 | $0.95 | $3.86 | ||
| Q3 25 | — | $3.43 | ||
| Q2 25 | $0.70 | $4.40 | ||
| Q1 25 | $0.43 | $2.98 | ||
| Q4 24 | $1.00 | $2.26 | ||
| Q3 24 | $0.36 | $2.12 | ||
| Q2 24 | $0.75 | $1.72 |
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 | $1.6B | $302.8M |
| 总债务越低越好 | $496.6M | $47.5M |
| 股东权益账面价值 | $5.8B | $1.0B |
| 总资产 | $7.9B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.09× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资SWKSUI
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.4B | $302.8M | ||
| Q3 25 | — | $177.2M | ||
| Q2 25 | $1.3B | $149.7M | ||
| Q1 25 | $1.5B | $151.0M | ||
| Q4 24 | $1.7B | $133.1M | ||
| Q3 24 | $1.6B | $165.2M | ||
| Q2 24 | $1.3B | $126.3M |
总债务SWKSUI
| Q1 26 | $496.6M | — | ||
| Q4 25 | $496.4M | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | $496.2M | $250.0M | ||
| Q1 25 | $995.1M | $340.0M | ||
| Q4 24 | $994.7M | $406.3M | ||
| Q3 24 | $994.3M | $552.5M | ||
| Q2 24 | $994.0M | $708.1M |
股东权益SWKSUI
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.8B | $1.0B | ||
| Q3 25 | — | $828.4M | ||
| Q2 25 | $5.7B | $668.3M | ||
| Q1 25 | $5.9B | $436.1M | ||
| Q4 24 | $6.4B | $290.4M | ||
| Q3 24 | $6.3B | $188.1M | ||
| Q2 24 | $6.3B | $95.1M |
总资产SWKSUI
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.9B | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $7.7B | $1.5B | ||
| Q1 25 | $7.9B | $1.3B | ||
| Q4 24 | $8.3B | $1.2B | ||
| Q3 24 | $8.3B | $1.2B | ||
| Q2 24 | $8.2B | $1.2B |
负债/权益比SWKSUI
| Q1 26 | 0.09× | — | ||
| Q4 25 | 0.09× | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | 0.09× | 0.37× | ||
| Q1 25 | 0.17× | 0.78× | ||
| Q4 24 | 0.16× | 1.40× | ||
| Q3 24 | 0.16× | 2.94× | ||
| Q2 24 | 0.16× | 7.45× |
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 | $395.5M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $339.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 32.7% | 31.9% |
| 资本支出强度资本支出/营收 | 5.5% | 0.4% |
| 现金转化率经营现金流/净利润 | 4.99× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $699.5M |
8季度趋势，按日历期对齐
经营现金流SWKSUI
| Q1 26 | $395.5M | — | ||
| Q4 25 | $200.0M | $263.9M | ||
| Q3 25 | — | $198.5M | ||
| Q2 25 | $314.2M | $130.4M | ||
| Q1 25 | $409.4M | $123.6M | ||
| Q4 24 | $377.2M | $152.4M | ||
| Q3 24 | $476.1M | $233.7M | ||
| Q2 24 | $273.4M | $231.4M |
自由现金流SWKSUI
| Q1 26 | $339.0M | — | ||
| Q4 25 | $144.0M | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | $252.7M | $125.2M | ||
| Q1 25 | $370.9M | $120.7M | ||
| Q4 24 | $338.2M | $150.4M | ||
| Q3 24 | $393.3M | $231.1M | ||
| Q2 24 | $249.0M | $229.5M |
自由现金流率SWKSUI
| Q1 26 | 32.7% | — | ||
| Q4 25 | 13.1% | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | 26.2% | 16.5% | ||
| Q1 25 | 38.9% | 18.2% | ||
| Q4 24 | 31.7% | 25.1% | ||
| Q3 24 | 38.4% | 42.0% | ||
| Q2 24 | 27.5% | 45.2% |
资本支出强度SWKSUI
| Q1 26 | 5.5% | — | ||
| Q4 25 | 5.1% | 0.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 6.4% | 0.7% | ||
| Q1 25 | 4.0% | 0.4% | ||
| Q4 24 | 3.6% | 0.3% | ||
| Q3 24 | 8.1% | 0.5% | ||
| Q2 24 | 2.7% | 0.4% |
现金转化率SWKSUI
| Q1 26 | 4.99× | — | ||
| Q4 25 | 1.41× | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | 2.99× | 0.49× | ||
| Q1 25 | 5.96× | 0.68× | ||
| Q4 24 | 2.33× | 1.11× | ||
| Q3 24 | 7.87× | 1.83× | ||
| Q2 24 | 2.26× | 2.23× |
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
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
