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Ubiquiti Inc.（UI）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是Ubiquiti Inc.的1.1倍（$871.9M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 2.2%，领先26.5%），Ubiquiti Inc.同比增速更快（35.8% vs 18.0%），Ubiquiti Inc.自由现金流更多（$260.3M vs $74.6M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 3.9%）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
UI vs WS — 直观对比
营收规模更大
WS
是对方的1.1倍
$814.9M
营收增速更快
UI
高出17.9%
18.0%
净利率更高
UI
高出26.5%
2.2%
自由现金流更多
UI
多$185.7M
$74.6M
两年增速更快
UI
近两年复合增速
3.9%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $814.9M | $871.9M |
| 净利润 | $233.6M | $18.8M |
| 毛利率 | 45.9% | 10.7% |
| 营业利润率 | 35.9% | 2.5% |
| 净利率 | 28.7% | 2.2% |
| 营收同比 | 35.8% | 18.0% |
| 净利润同比 | 70.8% | 46.9% |
| 每股收益（稀释后） | $3.86 | $0.37 |
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UIWS
| Q4 25 | $814.9M | $871.9M | ||
| Q3 25 | $733.8M | $872.9M | ||
| Q2 25 | $759.2M | $832.9M | ||
| Q1 25 | $664.2M | $687.4M | ||
| Q4 24 | $599.9M | $739.0M | ||
| Q3 24 | $550.3M | $834.0M | ||
| Q2 24 | $507.5M | — | ||
| Q1 24 | $493.0M | $805.8M |
净利润UIWS
| Q4 25 | $233.6M | $18.8M | ||
| Q3 25 | $207.9M | $36.8M | ||
| Q2 25 | $266.7M | $55.7M | ||
| Q1 25 | $180.4M | $13.8M | ||
| Q4 24 | $136.8M | $12.8M | ||
| Q3 24 | $128.0M | $28.4M | ||
| Q2 24 | $103.8M | — | ||
| Q1 24 | $76.3M | $49.0M |
毛利率UIWS
| Q4 25 | 45.9% | 10.7% | ||
| Q3 25 | 46.0% | 13.2% | ||
| Q2 25 | 45.1% | 15.2% | ||
| Q1 25 | 44.5% | 11.8% | ||
| Q4 24 | 41.2% | 10.8% | ||
| Q3 24 | 42.1% | 12.0% | ||
| Q2 24 | 40.2% | — | ||
| Q1 24 | 35.3% | 14.9% |
营业利润率UIWS
| Q4 25 | 35.9% | 2.5% | ||
| Q3 25 | 35.7% | 5.5% | ||
| Q2 25 | 34.4% | 8.0% | ||
| Q1 25 | 34.2% | 2.7% | ||
| Q4 24 | 29.8% | 2.6% | ||
| Q3 24 | 30.7% | 5.2% | ||
| Q2 24 | 27.3% | — | ||
| Q1 24 | 22.6% | 8.2% |
净利率UIWS
| Q4 25 | 28.7% | 2.2% | ||
| Q3 25 | 28.3% | 4.2% | ||
| Q2 25 | 35.1% | 6.7% | ||
| Q1 25 | 27.2% | 2.0% | ||
| Q4 24 | 22.8% | 1.7% | ||
| Q3 24 | 23.3% | 3.4% | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 15.5% | 6.1% |
每股收益（稀释后）UIWS
| Q4 25 | $3.86 | $0.37 | ||
| Q3 25 | $3.43 | $0.72 | ||
| Q2 25 | $4.40 | $1.11 | ||
| Q1 25 | $2.98 | $0.27 | ||
| Q4 24 | $2.26 | $0.25 | ||
| Q3 24 | $2.12 | $0.56 | ||
| Q2 24 | $1.72 | — | ||
| Q1 24 | $1.26 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | $47.5M | $72.1M |
| 股东权益账面价值 | $1.0B | $1.1B |
| 总资产 | $1.6B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.05× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资UIWS
| Q4 25 | $302.8M | $89.8M | ||
| Q3 25 | $177.2M | $78.3M | ||
| Q2 25 | $149.7M | $38.0M | ||
| Q1 25 | $151.0M | $63.3M | ||
| Q4 24 | $133.1M | $52.0M | ||
| Q3 24 | $165.2M | $36.0M | ||
| Q2 24 | $126.3M | — | ||
| Q1 24 | $102.5M | $60.8M |
总债务UIWS
| Q4 25 | $47.5M | $72.1M | ||
| Q3 25 | $133.8M | $73.4M | ||
| Q2 25 | $250.0M | $151.5M | ||
| Q1 25 | $340.0M | — | ||
| Q4 24 | $406.3M | $115.0M | ||
| Q3 24 | $552.5M | $122.2M | ||
| Q2 24 | $708.1M | — | ||
| Q1 24 | $877.5M | $147.2M |
股东权益UIWS
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $828.4M | $1.1B | ||
| Q2 25 | $668.3M | $1.1B | ||
| Q1 25 | $436.1M | $1.0B | ||
| Q4 24 | $290.4M | $1.0B | ||
| Q3 24 | $188.1M | $1.0B | ||
| Q2 24 | $95.1M | — | ||
| Q1 24 | $25.9M | $937.6M |
总资产UIWS
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | $1.8B |
负债/权益比UIWS
| Q4 25 | 0.05× | 0.06× | ||
| Q3 25 | 0.16× | 0.07× | ||
| Q2 25 | 0.37× | 0.14× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 1.40× | 0.11× | ||
| Q3 24 | 2.94× | 0.12× | ||
| Q2 24 | 7.45× | — | ||
| Q1 24 | 33.92× | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $260.3M | $74.6M |
| 自由现金流率自由现金流/营收 | 31.9% | 8.6% |
| 资本支出强度资本支出/营收 | 0.4% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.13× | 5.28× |
| 过去12个月自由现金流最近4个季度 | $699.5M | $72.5M |
8季度趋势，按日历期对齐
经营现金流UIWS
| Q4 25 | $263.9M | $99.3M | ||
| Q3 25 | $198.5M | $-6.3M | ||
| Q2 25 | $130.4M | $53.9M | ||
| Q1 25 | $123.6M | $53.8M | ||
| Q4 24 | $152.4M | $68.0M | ||
| Q3 24 | $233.7M | $54.6M | ||
| Q2 24 | $231.4M | — | ||
| Q1 24 | $163.9M | $44.7M |
自由现金流UIWS
| Q4 25 | $260.3M | $74.6M | ||
| Q3 25 | $193.3M | $-35.7M | ||
| Q2 25 | $125.2M | $8.4M | ||
| Q1 25 | $120.7M | $25.2M | ||
| Q4 24 | $150.4M | $33.2M | ||
| Q3 24 | $231.1M | $33.1M | ||
| Q2 24 | $229.5M | — | ||
| Q1 24 | $160.6M | $22.3M |
自由现金流率UIWS
| Q4 25 | 31.9% | 8.6% | ||
| Q3 25 | 26.3% | -4.1% | ||
| Q2 25 | 16.5% | 1.0% | ||
| Q1 25 | 18.2% | 3.7% | ||
| Q4 24 | 25.1% | 4.5% | ||
| Q3 24 | 42.0% | 4.0% | ||
| Q2 24 | 45.2% | — | ||
| Q1 24 | 32.6% | 2.8% |
资本支出强度UIWS
| Q4 25 | 0.4% | 2.8% | ||
| Q3 25 | 0.7% | 3.4% | ||
| Q2 25 | 0.7% | 5.5% | ||
| Q1 25 | 0.4% | 4.2% | ||
| Q4 24 | 0.3% | 4.7% | ||
| Q3 24 | 0.5% | 2.6% | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.7% | 2.8% |
现金转化率UIWS
| Q4 25 | 1.13× | 5.28× | ||
| Q3 25 | 0.95× | -0.17× | ||
| Q2 25 | 0.49× | 0.97× | ||
| Q1 25 | 0.68× | 3.90× | ||
| Q4 24 | 1.11× | 5.31× | ||
| Q3 24 | 1.83× | 1.92× | ||
| Q2 24 | 2.23× | — | ||
| Q1 24 | 2.15× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
