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Ubiquiti Inc.（UI）与VinFast Auto Ltd.（VFS）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VinFast Auto Ltd.的1.1倍（$814.9M vs $718.6M），Ubiquiti Inc.净利率更高（28.7% vs -2.8%，领先31.4%）
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。
VinFast Auto Ltd.是越南跨国汽车企业，由越南最大私营综合企业集团之一Vingroup创立。Vingroup由越南知名企业家潘日旺创办，业务覆盖地产、零售、医疗、科技等多个领域，是越南本土头部企业集团。
UI vs VFS — 直观对比
营收规模更大
UI
是对方的1.1倍
$718.6M
净利率更高
UI
高出31.4%
-2.8%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $814.9M | $718.6M |
| 净利润 | $233.6M | $-20.0M |
| 毛利率 | 45.9% | — |
| 营业利润率 | 35.9% | -96.1% |
| 净利率 | 28.7% | -2.8% |
| 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UIVFS
| Q4 25 | $814.9M | — | ||
| Q3 25 | $733.8M | $718.6M | ||
| Q2 25 | $759.2M | $663.0M | ||
| Q1 25 | $664.2M | $656.5M | ||
| Q4 24 | $599.9M | — | ||
| Q3 24 | $550.3M | $511.6M | ||
| Q2 24 | $507.5M | — | ||
| Q1 24 | $493.0M | $302.6M |
净利润UIVFS
| Q4 25 | $233.6M | — | ||
| Q3 25 | $207.9M | $-20.0M | ||
| Q2 25 | $266.7M | $-51.8M | ||
| Q1 25 | $180.4M | $-26.1M | ||
| Q4 24 | $136.8M | — | ||
| Q3 24 | $128.0M | $-10.4M | ||
| Q2 24 | $103.8M | — | ||
| Q1 24 | $76.3M | $-618.3M |
毛利率UIVFS
| Q4 25 | 45.9% | — | ||
| Q3 25 | 46.0% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 44.5% | — | ||
| Q4 24 | 41.2% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | 40.2% | — | ||
| Q1 24 | 35.3% | — |
营业利润率UIVFS
| Q4 25 | 35.9% | — | ||
| Q3 25 | 35.7% | -96.1% | ||
| Q2 25 | 34.4% | -79.0% | ||
| Q1 25 | 34.2% | -74.0% | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 30.7% | -65.9% | ||
| Q2 24 | 27.3% | — | ||
| Q1 24 | 22.6% | -139.4% |
净利率UIVFS
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.3% | -2.8% | ||
| Q2 25 | 35.1% | -7.8% | ||
| Q1 25 | 27.2% | -4.0% | ||
| Q4 24 | 22.8% | — | ||
| Q3 24 | 23.3% | -2.0% | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 15.5% | -204.3% |
每股收益（稀释后）UIVFS
| Q4 25 | $3.86 | — | ||
| Q3 25 | $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 | $302.8M | $8.8M |
| 总债务越低越好 | $47.5M | — |
| 股东权益账面价值 | $1.0B | — |
| 总资产 | $1.6B | $183.2M |
| 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UIVFS
| Q4 25 | $302.8M | — | ||
| Q3 25 | $177.2M | $8.8M | ||
| Q2 25 | $149.7M | $650.0M | ||
| Q1 25 | $151.0M | $2.4M | ||
| Q4 24 | $133.1M | — | ||
| Q3 24 | $165.2M | $1.9M | ||
| Q2 24 | $126.3M | — | ||
| Q1 24 | $102.5M | $3.0M |
总债务UIVFS
| 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UIVFS
| Q4 25 | $1.0B | — | ||
| Q3 25 | $828.4M | — | ||
| Q2 25 | $668.3M | $-7.2B | ||
| Q1 25 | $436.1M | — | ||
| Q4 24 | $290.4M | — | ||
| Q3 24 | $188.1M | — | ||
| Q2 24 | $95.1M | — | ||
| Q1 24 | $25.9M | — |
总资产UIVFS
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $183.2M | ||
| Q2 25 | $1.5B | $7.2B | ||
| Q1 25 | $1.3B | $158.2M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $151.8M | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | $145.6M |
负债/权益比UIVFS
| 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 | $263.9M | — |
| 自由现金流经营现金流 - 资本支出 | $260.3M | — |
| 自由现金流率自由现金流/营收 | 31.9% | — |
| 资本支出强度资本支出/营收 | 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 | $699.5M | — |
8季度趋势，按日历期对齐
经营现金流UIVFS
| Q4 25 | $263.9M | — | ||
| Q3 25 | $198.5M | — | ||
| Q2 25 | $130.4M | — | ||
| Q1 25 | $123.6M | — | ||
| Q4 24 | $152.4M | — | ||
| Q3 24 | $233.7M | — | ||
| Q2 24 | $231.4M | — | ||
| Q1 24 | $163.9M | — |
自由现金流UIVFS
| Q4 25 | $260.3M | — | ||
| Q3 25 | $193.3M | — | ||
| Q2 25 | $125.2M | — | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $150.4M | — | ||
| Q3 24 | $231.1M | — | ||
| Q2 24 | $229.5M | — | ||
| Q1 24 | $160.6M | — |
自由现金流率UIVFS
| Q4 25 | 31.9% | — | ||
| Q3 25 | 26.3% | — | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 42.0% | — | ||
| Q2 24 | 45.2% | — | ||
| Q1 24 | 32.6% | — |
资本支出强度UIVFS
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.7% | — |
现金转化率UIVFS
| 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
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
