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Ubiquiti Inc.（UI）与WHITE MOUNTAINS INSURANCE GROUP LTD（WTM）财务数据对比。点击上方公司名可切换其他公司
WHITE MOUNTAINS INSURANCE GROUP LTD的季度营收约是Ubiquiti Inc.的2.0倍（$1.6B vs $814.9M），WHITE MOUNTAINS INSURANCE GROUP LTD净利率更高（52.1% vs 28.7%，领先23.4%），WHITE MOUNTAINS INSURANCE GROUP LTD同比增速更快（348.0% vs 35.8%），过去两年WHITE MOUNTAINS INSURANCE GROUP LTD的营收复合增速更高（57.4% vs 28.6%）
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。
怀特山保险集团是一家多元化保险及相关金融服务控股企业，总部位于百慕大汉密尔顿，1999年10月25日从美国特拉华州迁册至当前注册地，大部分业务通过旗下保险子公司及其他关联机构开展，覆盖多个保险及金融服务细分赛道。
UI vs WTM — 直观对比
营收规模更大
WTM
是对方的2.0倍
$814.9M
营收增速更快
WTM
高出312.2%
35.8%
净利率更高
WTM
高出23.4%
28.7%
两年增速更快
WTM
近两年复合增速
28.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $814.9M | $1.6B |
| 净利润 | $233.6M | $835.8M |
| 毛利率 | 45.9% | 97.1% |
| 营业利润率 | 35.9% | 56.2% |
| 净利率 | 28.7% | 52.1% |
| 营收同比 | 35.8% | 348.0% |
| 净利润同比 | 70.8% | 741.0% |
| 每股收益（稀释后） | $3.86 | $325.02 |
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UIWTM
| Q4 25 | $814.9M | $1.6B | ||
| Q3 25 | $733.8M | $864.2M | ||
| Q2 25 | $759.2M | $689.2M | ||
| Q1 25 | $664.2M | $577.8M | ||
| Q4 24 | $599.9M | $358.0M | ||
| Q3 24 | $550.3M | $839.1M | ||
| Q2 24 | $507.5M | $395.4M | ||
| Q1 24 | $493.0M | $647.3M |
净利润UIWTM
| Q4 25 | $233.6M | $835.8M | ||
| Q3 25 | $207.9M | $113.8M | ||
| Q2 25 | $266.7M | $122.9M | ||
| Q1 25 | $180.4M | $33.9M | ||
| Q4 24 | $136.8M | $-130.4M | ||
| Q3 24 | $128.0M | $179.0M | ||
| Q2 24 | $103.8M | $-54.6M | ||
| Q1 24 | $76.3M | $236.4M |
毛利率UIWTM
| Q4 25 | 45.9% | 97.1% | ||
| Q3 25 | 46.0% | 93.6% | ||
| Q2 25 | 45.1% | 93.8% | ||
| Q1 25 | 44.5% | 98.7% | ||
| Q4 24 | 41.2% | 97.9% | ||
| Q3 24 | 42.1% | 99.1% | ||
| Q2 24 | 40.2% | 98.2% | ||
| Q1 24 | 35.3% | 98.8% |
营业利润率UIWTM
| Q4 25 | 35.9% | 56.2% | ||
| Q3 25 | 35.7% | 20.7% | ||
| Q2 25 | 34.4% | 25.6% | ||
| Q1 25 | 34.2% | 12.5% | ||
| Q4 24 | 29.8% | -33.7% | ||
| Q3 24 | 30.7% | 28.5% | ||
| Q2 24 | 27.3% | -8.8% | ||
| Q1 24 | 22.6% | 35.9% |
净利率UIWTM
| Q4 25 | 28.7% | 52.1% | ||
| Q3 25 | 28.3% | 13.2% | ||
| Q2 25 | 35.1% | 17.8% | ||
| Q1 25 | 27.2% | 5.9% | ||
| Q4 24 | 22.8% | -36.4% | ||
| Q3 24 | 23.3% | 21.3% | ||
| Q2 24 | 20.5% | -13.8% | ||
| Q1 24 | 15.5% | 36.5% |
每股收益（稀释后）UIWTM
| Q4 25 | $3.86 | $325.02 | ||
| Q3 25 | $3.43 | $44.18 | ||
| Q2 25 | $4.40 | $47.75 | ||
| Q1 25 | $2.98 | $13.19 | ||
| Q4 24 | $2.26 | $-50.98 | ||
| Q3 24 | $2.12 | $69.68 | ||
| Q2 24 | $1.72 | $-21.24 | ||
| Q1 24 | $1.26 | $92.33 |
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 | — |
| 总债务越低越好 | $47.5M | $837.0M |
| 股东权益账面价值 | $1.0B | $5.4B |
| 总资产 | $1.6B | $12.3B |
| 负债/权益比越低杠杆越低 | 0.05× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资UIWTM
| Q4 25 | $302.8M | — | ||
| Q3 25 | $177.2M | — | ||
| Q2 25 | $149.7M | — | ||
| Q1 25 | $151.0M | — | ||
| Q4 24 | $133.1M | — | ||
| Q3 24 | $165.2M | — | ||
| Q2 24 | $126.3M | — | ||
| Q1 24 | $102.5M | — |
总债务UIWTM
| Q4 25 | $47.5M | $837.0M | ||
| Q3 25 | $133.8M | $870.4M | ||
| Q2 25 | $250.0M | $694.6M | ||
| Q1 25 | $340.0M | $676.1M | ||
| Q4 24 | $406.3M | $562.5M | ||
| Q3 24 | $552.5M | $544.9M | ||
| Q2 24 | $708.1M | $530.2M | ||
| Q1 24 | $877.5M | $532.1M |
股东权益UIWTM
| Q4 25 | $1.0B | $5.4B | ||
| Q3 25 | $828.4M | $4.8B | ||
| Q2 25 | $668.3M | $4.6B | ||
| Q1 25 | $436.1M | $4.5B | ||
| Q4 24 | $290.4M | $4.5B | ||
| Q3 24 | $188.1M | $4.6B | ||
| Q2 24 | $95.1M | $4.4B | ||
| Q1 24 | $25.9M | $4.5B |
总资产UIWTM
| Q4 25 | $1.6B | $12.3B | ||
| Q3 25 | $1.5B | $12.3B | ||
| Q2 25 | $1.5B | $11.8B | ||
| Q1 25 | $1.3B | $11.0B | ||
| Q4 24 | $1.2B | $9.9B | ||
| Q3 24 | $1.2B | $10.3B | ||
| Q2 24 | $1.2B | $10.2B | ||
| Q1 24 | $1.2B | $9.6B |
负债/权益比UIWTM
| Q4 25 | 0.05× | 0.15× | ||
| Q3 25 | 0.16× | 0.18× | ||
| Q2 25 | 0.37× | 0.15× | ||
| Q1 25 | 0.78× | 0.15× | ||
| Q4 24 | 1.40× | 0.13× | ||
| Q3 24 | 2.94× | 0.12× | ||
| Q2 24 | 7.45× | 0.12× | ||
| Q1 24 | 33.92× | 0.12× |
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 | $53.9M |
| 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× | 0.06× |
| 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UIWTM
| Q4 25 | $263.9M | $53.9M | ||
| Q3 25 | $198.5M | $359.3M | ||
| Q2 25 | $130.4M | $177.5M | ||
| Q1 25 | $123.6M | $-40.2M | ||
| Q4 24 | $152.4M | $64.1M | ||
| Q3 24 | $233.7M | $269.4M | ||
| Q2 24 | $231.4M | $216.8M | ||
| Q1 24 | $163.9M | $36.5M |
自由现金流UIWTM
| 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UIWTM
| 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UIWTM
| 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UIWTM
| Q4 25 | 1.13× | 0.06× | ||
| Q3 25 | 0.95× | 3.16× | ||
| Q2 25 | 0.49× | 1.44× | ||
| Q1 25 | 0.68× | -1.19× | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 1.83× | 1.51× | ||
| Q2 24 | 2.23× | — | ||
| Q1 24 | 2.15× | 0.15× |
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% |
WTM
暂无分部数据
