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Atlassian Corp（TEAM）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Atlassian Corp的季度营收约是Ubiquiti Inc.的1.9倍（$1.6B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs -2.7%，领先31.4%），Ubiquiti Inc.同比增速更快（35.8% vs 23.3%），Ubiquiti Inc.自由现金流更多（$260.3M vs $168.5M）
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
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。
TEAM vs UI — 直观对比
营收规模更大
TEAM
是对方的1.9倍
$814.9M
营收增速更快
UI
高出12.5%
23.3%
净利率更高
UI
高出31.4%
-2.7%
自由现金流更多
UI
多$91.8M
$168.5M
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $814.9M |
| 净利润 | $-42.6M | $233.6M |
| 毛利率 | 85.0% | 45.9% |
| 营业利润率 | -3.0% | 35.9% |
| 净利率 | -2.7% | 28.7% |
| 营收同比 | 23.3% | 35.8% |
| 净利润同比 | -11.6% | 70.8% |
| 每股收益（稀释后） | $-0.16 | $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TEAMUI
| Q4 25 | $1.6B | $814.9M | ||
| Q3 25 | $1.4B | $733.8M | ||
| Q2 25 | $1.4B | $759.2M | ||
| Q1 25 | $1.4B | $664.2M | ||
| Q4 24 | $1.3B | $599.9M | ||
| Q3 24 | $1.2B | $550.3M | ||
| Q2 24 | — | $507.5M | ||
| Q1 24 | $1.2B | $493.0M |
净利润TEAMUI
| Q4 25 | $-42.6M | $233.6M | ||
| Q3 25 | $-51.9M | $207.9M | ||
| Q2 25 | $-23.9M | $266.7M | ||
| Q1 25 | $-70.8M | $180.4M | ||
| Q4 24 | $-38.2M | $136.8M | ||
| Q3 24 | $-123.8M | $128.0M | ||
| Q2 24 | — | $103.8M | ||
| Q1 24 | $12.8M | $76.3M |
毛利率TEAMUI
| Q4 25 | 85.0% | 45.9% | ||
| Q3 25 | 82.0% | 46.0% | ||
| Q2 25 | 83.1% | 45.1% | ||
| Q1 25 | 83.8% | 44.5% | ||
| Q4 24 | 82.7% | 41.2% | ||
| Q3 24 | 81.7% | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | 82.1% | 35.3% |
营业利润率TEAMUI
| Q4 25 | -3.0% | 35.9% | ||
| Q3 25 | -6.7% | 35.7% | ||
| Q2 25 | -2.1% | 34.4% | ||
| Q1 25 | -0.9% | 34.2% | ||
| Q4 24 | -4.5% | 29.8% | ||
| Q3 24 | -2.7% | 30.7% | ||
| Q2 24 | — | 27.3% | ||
| Q1 24 | 1.5% | 22.6% |
净利率TEAMUI
| Q4 25 | -2.7% | 28.7% | ||
| Q3 25 | -3.6% | 28.3% | ||
| Q2 25 | -1.7% | 35.1% | ||
| Q1 25 | -5.2% | 27.2% | ||
| Q4 24 | -3.0% | 22.8% | ||
| Q3 24 | -10.4% | 23.3% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | 1.1% | 15.5% |
每股收益（稀释后）TEAMUI
| Q4 25 | $-0.16 | $3.86 | ||
| Q3 25 | $-0.20 | $3.43 | ||
| Q2 25 | $-0.08 | $4.40 | ||
| Q1 25 | $-0.27 | $2.98 | ||
| Q4 24 | $-0.15 | $2.26 | ||
| Q3 24 | $-0.48 | $2.12 | ||
| Q2 24 | — | $1.72 | ||
| Q1 24 | $0.05 | $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 | $1.6B | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $1.6B | $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TEAMUI
| Q4 25 | $1.6B | $302.8M | ||
| Q3 25 | $2.8B | $177.2M | ||
| Q2 25 | $2.9B | $149.7M | ||
| Q1 25 | $3.0B | $151.0M | ||
| Q4 24 | $2.5B | $133.1M | ||
| Q3 24 | $2.2B | $165.2M | ||
| Q2 24 | — | $126.3M | ||
| Q1 24 | $2.1B | $102.5M |
总债务TEAMUI
| 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TEAMUI
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $1.4B | $828.4M | ||
| Q2 25 | $1.3B | $668.3M | ||
| Q1 25 | $1.4B | $436.1M | ||
| Q4 24 | $1.2B | $290.4M | ||
| Q3 24 | $1.0B | $188.1M | ||
| Q2 24 | — | $95.1M | ||
| Q1 24 | $1.1B | $25.9M |
总资产TEAMUI
| Q4 25 | $6.2B | $1.6B | ||
| Q3 25 | $5.7B | $1.5B | ||
| Q2 25 | $6.0B | $1.5B | ||
| Q1 25 | $5.9B | $1.3B | ||
| Q4 24 | $5.4B | $1.2B | ||
| Q3 24 | $5.0B | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $5.1B | $1.2B |
负债/权益比TEAMUI
| 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 | $177.8M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $168.5M | $260.3M |
| 自由现金流率自由现金流/营收 | 10.6% | 31.9% |
| 资本支出强度资本支出/营收 | 0.6% | 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 | $1.3B | $699.5M |
8季度趋势，按日历期对齐
经营现金流TEAMUI
| Q4 25 | $177.8M | $263.9M | ||
| Q3 25 | $128.7M | $198.5M | ||
| Q2 25 | $375.3M | $130.4M | ||
| Q1 25 | $652.7M | $123.6M | ||
| Q4 24 | $351.9M | $152.4M | ||
| Q3 24 | $80.5M | $233.7M | ||
| Q2 24 | — | $231.4M | ||
| Q1 24 | $565.4M | $163.9M |
自由现金流TEAMUI
| Q4 25 | $168.5M | $260.3M | ||
| Q3 25 | $114.6M | $193.3M | ||
| Q2 25 | $360.3M | $125.2M | ||
| Q1 25 | $638.3M | $120.7M | ||
| Q4 24 | $342.6M | $150.4M | ||
| Q3 24 | $74.3M | $231.1M | ||
| Q2 24 | — | $229.5M | ||
| Q1 24 | $554.9M | $160.6M |
自由现金流率TEAMUI
| Q4 25 | 10.6% | 31.9% | ||
| Q3 25 | 8.0% | 26.3% | ||
| Q2 25 | 26.0% | 16.5% | ||
| Q1 25 | 47.0% | 18.2% | ||
| Q4 24 | 26.6% | 25.1% | ||
| Q3 24 | 6.3% | 42.0% | ||
| Q2 24 | — | 45.2% | ||
| Q1 24 | 46.7% | 32.6% |
资本支出强度TEAMUI
| Q4 25 | 0.6% | 0.4% | ||
| Q3 25 | 1.0% | 0.7% | ||
| Q2 25 | 1.1% | 0.7% | ||
| Q1 25 | 1.1% | 0.4% | ||
| Q4 24 | 0.7% | 0.3% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | 0.9% | 0.7% |
现金转化率TEAMUI
| 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 | 44.34× | 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
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
