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ARKO Corp.（ARKO）与派拓网络（PANW）财务数据对比。点击上方公司名可切换其他公司
派拓网络的季度营收约是ARKO Corp.的1.4倍（$2.6B vs $1.8B），派拓网络净利率更高（16.7% vs 0.1%，领先16.6%），派拓网络同比增速更快（14.9% vs -9.9%），派拓网络自由现金流更多（$384.0M vs $14.9M），过去两年派拓网络的营收复合增速更高（14.3% vs -7.0%）
ARKO Corp.是美国知名的便利店与燃油零售运营商，业务覆盖美国多个州，面向消费者销售生鲜食品、饮品、日用必需品等商品，同时提供燃油零售及面向商业合作伙伴的批发配送服务。
派拓网络（Palo Alto Networks）是总部位于美国加利福尼亚州圣克拉拉的跨国网络安全企业，核心产品包括高级防火墙及拓展其防护能力的云原生安全服务，为全球150多个国家的超7万家机构、含85家财富100强企业提供服务，旗下拥有知名威胁研究团队Unit 42，还举办Ignite网络安全行业峰会。
ARKO vs PANW — 直观对比
营收规模更大
PANW
是对方的1.4倍
$1.8B
营收增速更快
PANW
高出24.8%
-9.9%
净利率更高
PANW
高出16.6%
0.1%
自由现金流更多
PANW
多$369.1M
$14.9M
两年增速更快
PANW
近两年复合增速
-7.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.6B |
| 净利润 | $1.9M | $432.0M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 1.2% | 15.3% |
| 净利率 | 0.1% | 16.7% |
| 营收同比 | -9.9% | 14.9% |
| 净利润同比 | 180.9% | 61.6% |
| 每股收益（稀释后） | $0.01 | $0.61 |
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ARKOPANW
| Q1 26 | — | $2.6B | ||
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $2.0B | $2.5B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $2.0B | $2.1B | ||
| Q3 24 | $2.3B | $2.2B | ||
| Q2 24 | $2.4B | $2.0B |
净利润ARKOPANW
| Q1 26 | — | $432.0M | ||
| Q4 25 | $1.9M | $334.0M | ||
| Q3 25 | $13.5M | $253.8M | ||
| Q2 25 | $20.1M | $262.1M | ||
| Q1 25 | $-12.7M | $267.3M | ||
| Q4 24 | $-2.3M | $350.7M | ||
| Q3 24 | $9.7M | $357.7M | ||
| Q2 24 | $14.1M | $278.8M |
毛利率ARKOPANW
| Q1 26 | — | 73.6% | ||
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 73.2% | ||
| Q2 25 | — | 72.9% | ||
| Q1 25 | — | 73.5% | ||
| Q4 24 | — | 74.1% | ||
| Q3 24 | — | 73.8% | ||
| Q2 24 | — | 74.1% |
营业利润率ARKOPANW
| Q1 26 | — | 15.3% | ||
| Q4 25 | 1.2% | 12.5% | ||
| Q3 25 | 1.8% | 19.6% | ||
| Q2 25 | 2.8% | 9.6% | ||
| Q1 25 | -0.6% | 10.6% | ||
| Q4 24 | 0.7% | 13.4% | ||
| Q3 24 | 1.8% | 10.9% | ||
| Q2 24 | 1.8% | 8.9% |
净利率ARKOPANW
| Q1 26 | — | 16.7% | ||
| Q4 25 | 0.1% | 13.5% | ||
| Q3 25 | 0.7% | 10.0% | ||
| Q2 25 | 1.0% | 11.5% | ||
| Q1 25 | -0.7% | 11.8% | ||
| Q4 24 | -0.1% | 16.4% | ||
| Q3 24 | 0.4% | 16.3% | ||
| Q2 24 | 0.6% | 14.0% |
每股收益（稀释后）ARKOPANW
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.01 | $0.47 | ||
| Q3 25 | $0.10 | $-0.14 | ||
| Q2 25 | $0.16 | $0.37 | ||
| Q1 25 | $-0.12 | $0.38 | ||
| Q4 24 | $-0.03 | $0.99 | ||
| Q3 24 | $0.07 | $1.04 | ||
| Q2 24 | $0.11 | $0.79 |
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 | $311.5M | $4.5B |
| 总债务越低越好 | $912.1M | — |
| 股东权益账面价值 | $267.2M | $9.4B |
| 总资产 | $3.5B | $25.0B |
| 负债/权益比越低杠杆越低 | 3.41× | — |
8季度趋势，按日历期对齐
现金及短期投资ARKOPANW
| Q1 26 | — | $4.5B | ||
| Q4 25 | $311.5M | $4.2B | ||
| Q3 25 | $313.2M | $2.9B | ||
| Q2 25 | $299.7M | $3.3B | ||
| Q1 25 | $271.1M | $3.2B | ||
| Q4 24 | $267.1M | $3.4B | ||
| Q3 24 | $296.8M | $2.6B | ||
| Q2 24 | $236.5M | $2.9B |
总债务ARKOPANW
| Q1 26 | — | — | ||
| Q4 25 | $912.1M | — | ||
| Q3 25 | $911.6M | — | ||
| Q2 25 | $916.4M | — | ||
| Q1 25 | $880.1M | — | ||
| Q4 24 | $881.0M | — | ||
| Q3 24 | $884.7M | — | ||
| Q2 24 | $889.9M | — |
股东权益ARKOPANW
| Q1 26 | — | $9.4B | ||
| Q4 25 | $267.2M | $8.7B | ||
| Q3 25 | $273.1M | $7.8B | ||
| Q2 25 | $264.8M | $7.2B | ||
| Q1 25 | $255.2M | $6.4B | ||
| Q4 24 | $276.9M | $5.9B | ||
| Q3 24 | $280.0M | $5.2B | ||
| Q2 24 | $273.1M | $4.5B |
总资产ARKOPANW
| Q1 26 | — | $25.0B | ||
| Q4 25 | $3.5B | $23.5B | ||
| Q3 25 | $3.6B | $23.6B | ||
| Q2 25 | $3.6B | $22.0B | ||
| Q1 25 | $3.6B | $21.0B | ||
| Q4 24 | $3.6B | $20.4B | ||
| Q3 24 | $3.7B | $20.0B | ||
| Q2 24 | $3.7B | $17.9B |
负债/权益比ARKOPANW
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | 3.34× | — | ||
| Q2 25 | 3.46× | — | ||
| Q1 25 | 3.45× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 3.16× | — | ||
| Q2 24 | 3.26× | — |
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 | $44.6M | $554.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9M | $384.0M |
| 自由现金流率自由现金流/营收 | 0.8% | 14.8% |
| 资本支出强度资本支出/营收 | 1.7% | 6.6% |
| 现金转化率经营现金流/净利润 | 23.98× | 1.28× |
| 过去12个月自由现金流最近4个季度 | $65.3M | $3.6B |
8季度趋势，按日历期对齐
经营现金流ARKOPANW
| Q1 26 | — | $554.0M | ||
| Q4 25 | $44.6M | $1.8B | ||
| Q3 25 | $49.4M | $1.0B | ||
| Q2 25 | $55.2M | $628.7M | ||
| Q1 25 | $43.4M | $556.9M | ||
| Q4 24 | $22.7M | $1.5B | ||
| Q3 24 | $109.2M | $512.7M | ||
| Q2 24 | $77.2M | $528.9M |
自由现金流ARKOPANW
| Q1 26 | — | $384.0M | ||
| Q4 25 | $14.9M | $1.7B | ||
| Q3 25 | $24.5M | $934.5M | ||
| Q2 25 | $9.8M | $560.4M | ||
| Q1 25 | $16.0M | $509.4M | ||
| Q4 24 | $-13.4M | $1.5B | ||
| Q3 24 | $79.9M | $465.3M | ||
| Q2 24 | $57.9M | $491.5M |
自由现金流率ARKOPANW
| Q1 26 | — | 14.8% | ||
| Q4 25 | 0.8% | 68.2% | ||
| Q3 25 | 1.2% | 36.8% | ||
| Q2 25 | 0.5% | 24.5% | ||
| Q1 25 | 0.9% | 22.6% | ||
| Q4 24 | -0.7% | 68.5% | ||
| Q3 24 | 3.5% | 21.3% | ||
| Q2 24 | 2.4% | 24.8% |
资本支出强度ARKOPANW
| Q1 26 | — | 6.6% | ||
| Q4 25 | 1.7% | 3.4% | ||
| Q3 25 | 1.2% | 3.4% | ||
| Q2 25 | 2.3% | 3.0% | ||
| Q1 25 | 1.5% | 2.1% | ||
| Q4 24 | 1.8% | 2.1% | ||
| Q3 24 | 1.3% | 2.2% | ||
| Q2 24 | 0.8% | 1.9% |
现金转化率ARKOPANW
| Q1 26 | — | 1.28× | ||
| Q4 25 | 23.98× | 5.30× | ||
| Q3 25 | 3.67× | 4.02× | ||
| Q2 25 | 2.75× | 2.40× | ||
| Q1 25 | — | 2.08× | ||
| Q4 24 | — | 4.30× | ||
| Q3 24 | 11.28× | 1.43× | ||
| Q2 24 | 5.49× | 1.90× |
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
ARKO
| Fuel Products | $1.4B | 79% |
| Merchandise Products | $338.1M | 19% |
| Other Product | $33.6M | 2% |
PANW
| Subscription | $1.4B | 54% |
| Support | $676.0M | 26% |
| Products | $514.0M | 20% |
