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TIC Solutions, Inc.（TIC）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TIC Solutions, Inc.的1.6倍（$814.9M vs $508.3M），Ubiquiti Inc.净利率更高（28.7% vs -9.3%，领先38.0%），Ubiquiti Inc.自由现金流更多（$260.3M vs $37.1M）
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。
TIC vs UI — 直观对比
营收规模更大
UI
是对方的1.6倍
$508.3M
净利率更高
UI
高出38.0%
-9.3%
自由现金流更多
UI
多$223.2M
$37.1M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $508.3M | $814.9M |
| 净利润 | $-47.2M | $233.6M |
| 毛利率 | 35.2% | 45.9% |
| 营业利润率 | -3.8% | 35.9% |
| 净利率 | -9.3% | 28.7% |
| 营收同比 | — | 35.8% |
| 净利润同比 | — | 70.8% |
| 每股收益（稀释后） | — | $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TICUI
| Q4 25 | $508.3M | $814.9M | ||
| Q3 25 | $473.9M | $733.8M | ||
| Q2 25 | $313.9M | $759.2M | ||
| Q1 25 | $234.2M | $664.2M | ||
| Q4 24 | — | $599.9M | ||
| Q3 24 | — | $550.3M | ||
| Q2 24 | — | $507.5M | ||
| Q1 24 | — | $493.0M |
净利润TICUI
| Q4 25 | $-47.2M | $233.6M | ||
| Q3 25 | $-13.9M | $207.9M | ||
| Q2 25 | $-233.0K | $266.7M | ||
| Q1 25 | $-25.8M | $180.4M | ||
| Q4 24 | — | $136.8M | ||
| Q3 24 | — | $128.0M | ||
| Q2 24 | — | $103.8M | ||
| Q1 24 | — | $76.3M |
毛利率TICUI
| Q4 25 | 35.2% | 45.9% | ||
| Q3 25 | 32.2% | 46.0% | ||
| Q2 25 | 23.6% | 45.1% | ||
| Q1 25 | 18.6% | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率TICUI
| Q4 25 | -3.8% | 35.9% | ||
| Q3 25 | -1.4% | 35.7% | ||
| Q2 25 | 5.8% | 34.4% | ||
| Q1 25 | -4.0% | 34.2% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 27.3% | ||
| Q1 24 | — | 22.6% |
净利率TICUI
| Q4 25 | -9.3% | 28.7% | ||
| Q3 25 | -2.9% | 28.3% | ||
| Q2 25 | -0.1% | 35.1% | ||
| Q1 25 | -11.0% | 27.2% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | — | 15.5% |
每股收益（稀释后）TICUI
| Q4 25 | — | $3.86 | ||
| Q3 25 | $-0.08 | $3.43 | ||
| Q2 25 | — | $4.40 | ||
| Q1 25 | — | $2.98 | ||
| Q4 24 | — | $2.26 | ||
| Q3 24 | — | $2.12 | ||
| Q2 24 | — | $1.72 | ||
| Q1 24 | — | $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 | $439.5M | $302.8M |
| 总债务越低越好 | $1.6B | $47.5M |
| 股东权益账面价值 | $2.2B | $1.0B |
| 总资产 | $4.4B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资TICUI
| Q4 25 | $439.5M | $302.8M | ||
| Q3 25 | $164.4M | $177.2M | ||
| Q2 25 | $130.1M | $149.7M | ||
| Q1 25 | $155.7M | $151.0M | ||
| Q4 24 | — | $133.1M | ||
| Q3 24 | — | $165.2M | ||
| Q2 24 | — | $126.3M | ||
| Q1 24 | — | $102.5M |
总债务TICUI
| Q4 25 | $1.6B | $47.5M | ||
| Q3 25 | $1.6B | $133.8M | ||
| Q2 25 | $751.3M | $250.0M | ||
| Q1 25 | $752.4M | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益TICUI
| Q4 25 | $2.2B | $1.0B | ||
| Q3 25 | $2.0B | $828.4M | ||
| Q2 25 | $1.2B | $668.3M | ||
| Q1 25 | $1.1B | $436.1M | ||
| Q4 24 | — | $290.4M | ||
| Q3 24 | — | $188.1M | ||
| Q2 24 | — | $95.1M | ||
| Q1 24 | — | $25.9M |
总资产TICUI
| Q4 25 | $4.4B | $1.6B | ||
| Q3 25 | $4.2B | $1.5B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.2B | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
负债/权益比TICUI
| Q4 25 | 0.74× | 0.05× | ||
| Q3 25 | 0.83× | 0.16× | ||
| Q2 25 | 0.64× | 0.37× | ||
| Q1 25 | 0.67× | 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 | $49.7M | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $37.1M | $260.3M |
| 自由现金流率自由现金流/营收 | 7.3% | 31.9% |
| 资本支出强度资本支出/营收 | 2.5% | 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 | $61.3M | $699.5M |
8季度趋势，按日历期对齐
经营现金流TICUI
| Q4 25 | $49.7M | $263.9M | ||
| Q3 25 | $19.0M | $198.5M | ||
| Q2 25 | $-6.5M | $130.4M | ||
| Q1 25 | $32.8M | $123.6M | ||
| Q4 24 | — | $152.4M | ||
| Q3 24 | — | $233.7M | ||
| Q2 24 | — | $231.4M | ||
| Q1 24 | — | $163.9M |
自由现金流TICUI
| Q4 25 | $37.1M | $260.3M | ||
| Q3 25 | $10.3M | $193.3M | ||
| Q2 25 | $-14.5M | $125.2M | ||
| Q1 25 | $28.3M | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | — | $231.1M | ||
| Q2 24 | — | $229.5M | ||
| Q1 24 | — | $160.6M |
自由现金流率TICUI
| Q4 25 | 7.3% | 31.9% | ||
| Q3 25 | 2.2% | 26.3% | ||
| Q2 25 | -4.6% | 16.5% | ||
| Q1 25 | 12.1% | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 42.0% | ||
| Q2 24 | — | 45.2% | ||
| Q1 24 | — | 32.6% |
资本支出强度TICUI
| Q4 25 | 2.5% | 0.4% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 2.6% | 0.7% | ||
| Q1 25 | 1.9% | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.7% |
现金转化率TICUI
| 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 | — | 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
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
