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Ubiquiti Inc.（UI）与WillScot Holdings Corp（WSC）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WillScot Holdings Corp的1.4倍（$814.9M vs $566.0M），Ubiquiti Inc.净利率更高（28.7% vs -33.1%，领先61.8%），Ubiquiti Inc.同比增速更快（35.8% vs -6.1%），Ubiquiti Inc.自由现金流更多（$260.3M vs $149.7M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs -1.8%）
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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
UI vs WSC — 直观对比
营收规模更大
UI
是对方的1.4倍
$566.0M
营收增速更快
UI
高出41.9%
-6.1%
净利率更高
UI
高出61.8%
-33.1%
自由现金流更多
UI
多$110.5M
$149.7M
两年增速更快
UI
近两年复合增速
-1.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $814.9M | $566.0M |
| 净利润 | $233.6M | $-187.3M |
| 毛利率 | 45.9% | 50.4% |
| 营业利润率 | 35.9% | -32.5% |
| 净利率 | 28.7% | -33.1% |
| 营收同比 | 35.8% | -6.1% |
| 净利润同比 | 70.8% | -310.0% |
| 每股收益（稀释后） | $3.86 | $-1.02 |
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UIWSC
| Q4 25 | $814.9M | $566.0M | ||
| Q3 25 | $733.8M | $566.8M | ||
| Q2 25 | $759.2M | $589.1M | ||
| Q1 25 | $664.2M | $559.6M | ||
| Q4 24 | $599.9M | $602.5M | ||
| Q3 24 | $550.3M | $601.4M | ||
| Q2 24 | $507.5M | $604.6M | ||
| Q1 24 | $493.0M | $587.2M |
净利润UIWSC
| Q4 25 | $233.6M | $-187.3M | ||
| Q3 25 | $207.9M | $43.3M | ||
| Q2 25 | $266.7M | $47.9M | ||
| Q1 25 | $180.4M | $43.1M | ||
| Q4 24 | $136.8M | $89.2M | ||
| Q3 24 | $128.0M | $-70.5M | ||
| Q2 24 | $103.8M | $-46.9M | ||
| Q1 24 | $76.3M | $56.2M |
毛利率UIWSC
| Q4 25 | 45.9% | 50.4% | ||
| Q3 25 | 46.0% | 49.7% | ||
| Q2 25 | 45.1% | 50.3% | ||
| Q1 25 | 44.5% | 53.7% | ||
| Q4 24 | 41.2% | 55.8% | ||
| Q3 24 | 42.1% | 53.5% | ||
| Q2 24 | 40.2% | 54.1% | ||
| Q1 24 | 35.3% | 54.0% |
营业利润率UIWSC
| Q4 25 | 35.9% | -32.5% | ||
| Q3 25 | 35.7% | 21.0% | ||
| Q2 25 | 34.4% | 21.5% | ||
| Q1 25 | 34.2% | 21.3% | ||
| Q4 24 | 29.8% | 28.9% | ||
| Q3 24 | 30.7% | -5.9% | ||
| Q2 24 | 27.3% | -0.9% | ||
| Q1 24 | 22.6% | 22.1% |
净利率UIWSC
| Q4 25 | 28.7% | -33.1% | ||
| Q3 25 | 28.3% | 7.6% | ||
| Q2 25 | 35.1% | 8.1% | ||
| Q1 25 | 27.2% | 7.7% | ||
| Q4 24 | 22.8% | 14.8% | ||
| Q3 24 | 23.3% | -11.7% | ||
| Q2 24 | 20.5% | -7.7% | ||
| Q1 24 | 15.5% | 9.6% |
每股收益（稀释后）UIWSC
| Q4 25 | $3.86 | $-1.02 | ||
| Q3 25 | $3.43 | $0.24 | ||
| Q2 25 | $4.40 | $0.26 | ||
| Q1 25 | $2.98 | $0.23 | ||
| Q4 24 | $2.26 | $0.48 | ||
| Q3 24 | $2.12 | $-0.37 | ||
| Q2 24 | $1.72 | $-0.25 | ||
| Q1 24 | $1.26 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | $47.5M | $3.6B |
| 股东权益账面价值 | $1.0B | $856.3M |
| 总资产 | $1.6B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.05× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资UIWSC
| Q4 25 | $302.8M | $14.6M | ||
| Q3 25 | $177.2M | $14.8M | ||
| Q2 25 | $149.7M | $12.8M | ||
| Q1 25 | $151.0M | $10.7M | ||
| Q4 24 | $133.1M | $9.0M | ||
| Q3 24 | $165.2M | $11.0M | ||
| Q2 24 | $126.3M | $5.9M | ||
| Q1 24 | $102.5M | $13.1M |
总债务UIWSC
| Q4 25 | $47.5M | $3.6B | ||
| Q3 25 | $133.8M | $3.6B | ||
| Q2 25 | $250.0M | $3.7B | ||
| Q1 25 | $340.0M | $3.6B | ||
| Q4 24 | $406.3M | $3.7B | ||
| Q3 24 | $552.5M | $3.6B | ||
| Q2 24 | $708.1M | $3.5B | ||
| Q1 24 | $877.5M | $3.5B |
股东权益UIWSC
| Q4 25 | $1.0B | $856.3M | ||
| Q3 25 | $828.4M | $1.1B | ||
| Q2 25 | $668.3M | $1.0B | ||
| Q1 25 | $436.1M | $1.0B | ||
| Q4 24 | $290.4M | $1.0B | ||
| Q3 24 | $188.1M | $1.1B | ||
| Q2 24 | $95.1M | $1.2B | ||
| Q1 24 | $25.9M | $1.3B |
总资产UIWSC
| Q4 25 | $1.6B | $5.8B | ||
| Q3 25 | $1.5B | $6.1B | ||
| Q2 25 | $1.5B | $6.1B | ||
| Q1 25 | $1.3B | $6.0B | ||
| Q4 24 | $1.2B | $6.0B | ||
| Q3 24 | $1.2B | $6.0B | ||
| Q2 24 | $1.2B | $6.0B | ||
| Q1 24 | $1.2B | $6.2B |
负债/权益比UIWSC
| Q4 25 | 0.05× | 4.15× | ||
| Q3 25 | 0.16× | 3.39× | ||
| Q2 25 | 0.37× | 3.55× | ||
| Q1 25 | 0.78× | 3.56× | ||
| Q4 24 | 1.40× | 3.62× | ||
| Q3 24 | 2.94× | 3.42× | ||
| Q2 24 | 7.45× | 2.88× | ||
| Q1 24 | 33.92× | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $260.3M | $149.7M |
| 自由现金流率自由现金流/营收 | 31.9% | 26.5% |
| 资本支出强度资本支出/营收 | 0.4% | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流UIWSC
| Q4 25 | $263.9M | $158.9M | ||
| Q3 25 | $198.5M | $191.2M | ||
| Q2 25 | $130.4M | $205.3M | ||
| Q1 25 | $123.6M | $206.6M | ||
| Q4 24 | $152.4M | $178.9M | ||
| Q3 24 | $233.7M | $-1.6M | ||
| Q2 24 | $231.4M | $175.6M | ||
| Q1 24 | $163.9M | $208.7M |
自由现金流UIWSC
| Q4 25 | $260.3M | $149.7M | ||
| Q3 25 | $193.3M | $186.9M | ||
| Q2 25 | $125.2M | $199.0M | ||
| Q1 25 | $120.7M | $202.0M | ||
| Q4 24 | $150.4M | $176.6M | ||
| Q3 24 | $231.1M | $-4.9M | ||
| Q2 24 | $229.5M | $169.4M | ||
| Q1 24 | $160.6M | $202.1M |
自由现金流率UIWSC
| Q4 25 | 31.9% | 26.5% | ||
| Q3 25 | 26.3% | 33.0% | ||
| Q2 25 | 16.5% | 33.8% | ||
| Q1 25 | 18.2% | 36.1% | ||
| Q4 24 | 25.1% | 29.3% | ||
| Q3 24 | 42.0% | -0.8% | ||
| Q2 24 | 45.2% | 28.0% | ||
| Q1 24 | 32.6% | 34.4% |
资本支出强度UIWSC
| Q4 25 | 0.4% | 1.6% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | 0.4% | 0.8% | ||
| Q4 24 | 0.3% | 0.4% | ||
| Q3 24 | 0.5% | 0.6% | ||
| Q2 24 | 0.4% | 1.0% | ||
| Q1 24 | 0.7% | 1.1% |
现金转化率UIWSC
| Q4 25 | 1.13× | — | ||
| Q3 25 | 0.95× | 4.41× | ||
| Q2 25 | 0.49× | 4.28× | ||
| Q1 25 | 0.68× | 4.80× | ||
| Q4 24 | 1.11× | 2.01× | ||
| Q3 24 | 1.83× | — | ||
| Q2 24 | 2.23× | — | ||
| Q1 24 | 2.15× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
