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阿卡迈（AKAM）与Zscaler, Inc.（ZS）财务数据对比。点击上方公司名可切换其他公司
阿卡迈的季度营收约是Zscaler, Inc.的1.4倍（$1.1B vs $788.1M），阿卡迈净利率更高（7.8% vs -1.5%，领先9.2%），Zscaler, Inc.同比增速更快（25.5% vs 7.4%），Zscaler, Inc.自由现金流更多（$431.0M vs $234.9M），过去两年Zscaler, Inc.的营收复合增速更高（22.5% vs 5.3%）
阿卡迈是全球领先的云服务提供商，业务覆盖美国及全球其他地区，可为客户提供内容与商业应用的安全防护、分发及性能优化服务。其云解决方案能保障基础设施、网站、应用、API及用户免受各类网络攻击，同时提升运行效率，还可针对动态网站、应用及媒体场景提供Web与移动端性能优化方案。
Zscaler是总部位于美国加利福尼亚州圣何塞的云安全企业，专注提供云原生安全服务，为全球各行业企业的网络系统与数据资产提供全方位防护，助力企业在数字化运营过程中抵御各类安全风险，保障业务稳定开展。
AKAM vs ZS — 直观对比
营收规模更大
AKAM
是对方的1.4倍
$788.1M
营收增速更快
ZS
高出18.2%
7.4%
净利率更高
AKAM
高出9.2%
-1.5%
自由现金流更多
ZS
多$196.1M
$234.9M
两年增速更快
ZS
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $788.1M |
| 净利润 | $85.1M | $-11.6M |
| 毛利率 | 58.7% | 76.6% |
| 营业利润率 | 8.7% | -4.6% |
| 净利率 | 7.8% | -1.5% |
| 营收同比 | 7.4% | 25.5% |
| 净利润同比 | -39.2% | 3.6% |
| 每股收益（稀释后） | $0.57 | $-0.07 |
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AKAMZS
| Q4 25 | $1.1B | $788.1M | ||
| Q3 25 | $1.1B | $719.2M | ||
| Q2 25 | $1.0B | $678.0M | ||
| Q1 25 | $1.0B | $647.9M | ||
| Q4 24 | $1.0B | $628.0M | ||
| Q3 24 | $1.0B | $592.9M | ||
| Q2 24 | $979.6M | $553.2M | ||
| Q1 24 | $987.0M | $525.0M |
净利润AKAMZS
| Q4 25 | $85.1M | $-11.6M | ||
| Q3 25 | $140.2M | $-17.6M | ||
| Q2 25 | $103.6M | $-4.1M | ||
| Q1 25 | $123.2M | $-7.7M | ||
| Q4 24 | $139.9M | $-12.1M | ||
| Q3 24 | $57.9M | $-14.9M | ||
| Q2 24 | $131.7M | $19.1M | ||
| Q1 24 | $175.4M | $-28.5M |
毛利率AKAMZS
| Q4 25 | 58.7% | 76.6% | ||
| Q3 25 | 59.3% | 76.1% | ||
| Q2 25 | 59.1% | 77.0% | ||
| Q1 25 | 58.7% | 77.1% | ||
| Q4 24 | 59.4% | 77.5% | ||
| Q3 24 | 59.3% | 78.0% | ||
| Q2 24 | 58.9% | 78.6% | ||
| Q1 24 | 60.0% | 77.7% |
营业利润率AKAMZS
| Q4 25 | 8.7% | -4.6% | ||
| Q3 25 | 15.7% | -4.5% | ||
| Q2 25 | 14.5% | -3.7% | ||
| Q1 25 | 15.2% | -6.2% | ||
| Q4 24 | 14.5% | -4.9% | ||
| Q3 24 | 7.0% | -4.5% | ||
| Q2 24 | 15.1% | -0.5% | ||
| Q1 24 | 16.9% | -8.7% |
净利率AKAMZS
| Q4 25 | 7.8% | -1.5% | ||
| Q3 25 | 13.3% | -2.4% | ||
| Q2 25 | 9.9% | -0.6% | ||
| Q1 25 | 12.1% | -1.2% | ||
| Q4 24 | 13.7% | -1.9% | ||
| Q3 24 | 5.8% | -2.5% | ||
| Q2 24 | 13.4% | 3.5% | ||
| Q1 24 | 17.8% | -5.4% |
每股收益（稀释后）AKAMZS
| Q4 25 | $0.57 | $-0.07 | ||
| Q3 25 | $0.97 | $-0.11 | ||
| Q2 25 | $0.71 | $-0.03 | ||
| Q1 25 | $0.82 | $-0.05 | ||
| Q4 24 | $0.92 | $-0.08 | ||
| Q3 24 | $0.38 | $-0.09 | ||
| Q2 24 | $0.86 | $0.12 | ||
| Q1 24 | $1.11 | $-0.19 |
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 | $1.2B | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.0B | $2.0B |
| 总资产 | $11.5B | $6.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AKAMZS
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $966.6M | $2.0B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.7B | $1.4B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.7B | $1.4B |
总债务AKAMZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
股东权益AKAMZS
| Q4 25 | $5.0B | $2.0B | ||
| Q3 25 | $4.7B | $1.8B | ||
| Q2 25 | $4.5B | $1.8B | ||
| Q1 25 | $4.6B | $1.6B | ||
| Q4 24 | $4.9B | $1.4B | ||
| Q3 24 | $4.8B | $1.3B | ||
| Q2 24 | $4.8B | $1.1B | ||
| Q1 24 | $4.6B | $958.9M |
总资产AKAMZS
| Q4 25 | $11.5B | $6.5B | ||
| Q3 25 | $10.8B | $6.4B | ||
| Q2 25 | $10.5B | $5.3B | ||
| Q1 25 | $10.0B | $5.0B | ||
| Q4 24 | $10.4B | $4.7B | ||
| Q3 24 | $10.2B | $4.7B | ||
| Q2 24 | $10.1B | $4.2B | ||
| Q1 24 | $9.9B | $3.9B |
负债/权益比AKAMZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 1.19× |
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 | $366.6M | $448.3M |
| 自由现金流经营现金流 - 资本支出 | $234.9M | $431.0M |
| 自由现金流率自由现金流/营收 | 21.5% | 54.7% |
| 资本支出强度资本支出/营收 | 12.0% | 2.2% |
| 现金转化率经营现金流/净利润 | 4.31× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | $924.9M |
8季度趋势，按日历期对齐
经营现金流AKAMZS
| Q4 25 | $366.6M | $448.3M | ||
| Q3 25 | $441.8M | $250.6M | ||
| Q2 25 | $459.1M | $211.1M | ||
| Q1 25 | $251.2M | $179.4M | ||
| Q4 24 | $343.8M | $331.3M | ||
| Q3 24 | $392.5M | $203.6M | ||
| Q2 24 | $431.0M | $173.4M | ||
| Q1 24 | $351.9M | $142.1M |
自由现金流AKAMZS
| Q4 25 | $234.9M | $431.0M | ||
| Q3 25 | $329.1M | $190.6M | ||
| Q2 25 | $313.6M | $138.9M | ||
| Q1 25 | $133.4M | $164.4M | ||
| Q4 24 | $250.9M | $314.3M | ||
| Q3 24 | $279.7M | $154.2M | ||
| Q2 24 | $340.0M | $137.8M | ||
| Q1 24 | $258.1M | $111.2M |
自由现金流率AKAMZS
| Q4 25 | 21.5% | 54.7% | ||
| Q3 25 | 31.2% | 26.5% | ||
| Q2 25 | 30.1% | 20.5% | ||
| Q1 25 | 13.1% | 25.4% | ||
| Q4 24 | 24.6% | 50.1% | ||
| Q3 24 | 27.8% | 26.0% | ||
| Q2 24 | 34.7% | 24.9% | ||
| Q1 24 | 26.2% | 21.2% |
资本支出强度AKAMZS
| Q4 25 | 12.0% | 2.2% | ||
| Q3 25 | 10.7% | 8.3% | ||
| Q2 25 | 13.9% | 10.6% | ||
| Q1 25 | 11.6% | 2.3% | ||
| Q4 24 | 9.1% | 2.7% | ||
| Q3 24 | 11.2% | 8.3% | ||
| Q2 24 | 9.3% | 6.4% | ||
| Q1 24 | 9.5% | 5.9% |
现金转化率AKAMZS
| Q4 25 | 4.31× | — | ||
| Q3 25 | 3.15× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 2.04× | — | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 6.78× | — | ||
| Q2 24 | 3.27× | 9.07× | ||
| Q1 24 | 2.01× | — |
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
AKAM
| Security | $592.4M | 54% |
| Delivery | $311.1M | 28% |
| Cloud Computing | $191.4M | 17% |
ZS
暂无分部数据
