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TEREX CORP（TEX）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
TEREX CORP的季度营收约是Ubiquiti Inc.的1.6倍（$1.3B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 4.8%，领先23.9%），Ubiquiti Inc.同比增速更快（35.8% vs 6.2%），Ubiquiti Inc.自由现金流更多（$260.3M vs $171.0M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 1.0%）
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
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。
TEX vs UI — 直观对比
营收规模更大
TEX
是对方的1.6倍
$814.9M
营收增速更快
UI
高出29.6%
6.2%
净利率更高
UI
高出23.9%
4.8%
自由现金流更多
UI
多$89.3M
$171.0M
两年增速更快
UI
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $814.9M |
| 净利润 | $63.0M | $233.6M |
| 毛利率 | 18.8% | 45.9% |
| 营业利润率 | 10.4% | 35.9% |
| 净利率 | 4.8% | 28.7% |
| 营收同比 | 6.2% | 35.8% |
| 净利润同比 | 2963.6% | 70.8% |
| 每股收益（稀释后） | $0.95 | $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TEXUI
| Q4 25 | $1.3B | $814.9M | ||
| Q3 25 | $1.4B | $733.8M | ||
| Q2 25 | $1.5B | $759.2M | ||
| Q1 25 | $1.2B | $664.2M | ||
| Q4 24 | $1.2B | $599.9M | ||
| Q3 24 | $1.2B | $550.3M | ||
| Q2 24 | $1.4B | $507.5M | ||
| Q1 24 | $1.3B | $493.0M |
净利润TEXUI
| Q4 25 | $63.0M | $233.6M | ||
| Q3 25 | $65.0M | $207.9M | ||
| Q2 25 | $72.0M | $266.7M | ||
| Q1 25 | $21.0M | $180.4M | ||
| Q4 24 | $-2.2M | $136.8M | ||
| Q3 24 | $88.0M | $128.0M | ||
| Q2 24 | $140.7M | $103.8M | ||
| Q1 24 | $108.5M | $76.3M |
毛利率TEXUI
| Q4 25 | 18.8% | 45.9% | ||
| Q3 25 | 20.3% | 46.0% | ||
| Q2 25 | 19.6% | 45.1% | ||
| Q1 25 | 18.7% | 44.5% | ||
| Q4 24 | 15.9% | 41.2% | ||
| Q3 24 | 20.2% | 42.1% | ||
| Q2 24 | 23.8% | 40.2% | ||
| Q1 24 | 23.0% | 35.3% |
营业利润率TEXUI
| Q4 25 | 10.4% | 35.9% | ||
| Q3 25 | 10.1% | 35.7% | ||
| Q2 25 | 8.7% | 34.4% | ||
| Q1 25 | 5.6% | 34.2% | ||
| Q4 24 | 4.2% | 29.8% | ||
| Q3 24 | 10.1% | 30.7% | ||
| Q2 24 | 14.0% | 27.3% | ||
| Q1 24 | 12.2% | 22.6% |
净利率TEXUI
| Q4 25 | 4.8% | 28.7% | ||
| Q3 25 | 4.7% | 28.3% | ||
| Q2 25 | 4.8% | 35.1% | ||
| Q1 25 | 1.7% | 27.2% | ||
| Q4 24 | -0.2% | 22.8% | ||
| Q3 24 | 7.3% | 23.3% | ||
| Q2 24 | 10.2% | 20.5% | ||
| Q1 24 | 8.4% | 15.5% |
每股收益（稀释后）TEXUI
| Q4 25 | $0.95 | $3.86 | ||
| Q3 25 | $0.98 | $3.43 | ||
| Q2 25 | $1.09 | $4.40 | ||
| Q1 25 | $0.31 | $2.98 | ||
| Q4 24 | $-0.03 | $2.26 | ||
| Q3 24 | $1.31 | $2.12 | ||
| Q2 24 | $2.08 | $1.72 | ||
| Q1 24 | $1.60 | $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 | $772.0M | $302.8M |
| 总债务越低越好 | $2.6B | $47.5M |
| 股东权益账面价值 | $2.1B | $1.0B |
| 总资产 | $6.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资TEXUI
| Q4 25 | $772.0M | $302.8M | ||
| Q3 25 | $509.0M | $177.2M | ||
| Q2 25 | $374.0M | $149.7M | ||
| Q1 25 | $298.0M | $151.0M | ||
| Q4 24 | $388.0M | $133.1M | ||
| Q3 24 | $352.0M | $165.2M | ||
| Q2 24 | $319.3M | $126.3M | ||
| Q1 24 | $364.9M | $102.5M |
总债务TEXUI
| Q4 25 | $2.6B | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | $2.6B | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益TEXUI
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $2.0B | $828.4M | ||
| Q2 25 | $2.0B | $668.3M | ||
| Q1 25 | $1.8B | $436.1M | ||
| Q4 24 | $1.8B | $290.4M | ||
| Q3 24 | $2.0B | $188.1M | ||
| Q2 24 | $1.8B | $95.1M | ||
| Q1 24 | $1.7B | $25.9M |
总资产TEXUI
| Q4 25 | $6.1B | $1.6B | ||
| Q3 25 | $6.2B | $1.5B | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $5.8B | $1.3B | ||
| Q4 24 | $5.7B | $1.2B | ||
| Q3 24 | $3.8B | $1.2B | ||
| Q2 24 | $3.8B | $1.2B | ||
| Q1 24 | $3.8B | $1.2B |
负债/权益比TEXUI
| Q4 25 | 1.23× | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 1.41× | 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 | $205.0M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 13.0% | 31.9% |
| 资本支出强度资本支出/营收 | 2.6% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.25× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $322.0M | $699.5M |
8季度趋势，按日历期对齐
经营现金流TEXUI
| Q4 25 | $205.0M | $263.9M | ||
| Q3 25 | $154.0M | $198.5M | ||
| Q2 25 | $102.0M | $130.4M | ||
| Q1 25 | $-21.0M | $123.6M | ||
| Q4 24 | $177.0M | $152.4M | ||
| Q3 24 | $116.4M | $233.7M | ||
| Q2 24 | $66.5M | $231.4M | ||
| Q1 24 | $-33.9M | $163.9M |
自由现金流TEXUI
| Q4 25 | $171.0M | $260.3M | ||
| Q3 25 | $130.0M | $193.3M | ||
| Q2 25 | $78.0M | $125.2M | ||
| Q1 25 | $-57.0M | $120.7M | ||
| Q4 24 | $128.0M | $150.4M | ||
| Q3 24 | $87.4M | $231.1M | ||
| Q2 24 | $42.5M | $229.5M | ||
| Q1 24 | $-68.9M | $160.6M |
自由现金流率TEXUI
| Q4 25 | 13.0% | 31.9% | ||
| Q3 25 | 9.4% | 26.3% | ||
| Q2 25 | 5.2% | 16.5% | ||
| Q1 25 | -4.6% | 18.2% | ||
| Q4 24 | 10.3% | 25.1% | ||
| Q3 24 | 7.2% | 42.0% | ||
| Q2 24 | 3.1% | 45.2% | ||
| Q1 24 | -5.3% | 32.6% |
资本支出强度TEXUI
| Q4 25 | 2.6% | 0.4% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.6% | 0.7% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 3.9% | 0.3% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | 1.7% | 0.4% | ||
| Q1 24 | 2.7% | 0.7% |
现金转化率TEXUI
| Q4 25 | 3.25× | 1.13× | ||
| Q3 25 | 2.37× | 0.95× | ||
| Q2 25 | 1.42× | 0.49× | ||
| Q1 25 | -1.00× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 1.32× | 1.83× | ||
| Q2 24 | 0.47× | 2.23× | ||
| Q1 24 | -0.31× | 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
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
