vs
艾利丹尼森（AVY）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艾利丹尼森的1.1倍（$2.6B vs $2.3B），派拓网络净利率更高（16.7% vs 7.3%，领先9.3%），派拓网络同比增速更快（14.9% vs 7.0%），派拓网络自由现金流更多（$384.0M vs $104.4M），过去两年派拓网络的营收复合增速更高（14.3% vs 1.4%）
艾利丹尼森是总部位于美国俄亥俄州门托市的财富500强跨国企业，专业从事压敏胶材料、服装品牌标签吊牌、RFID嵌体及特种医疗产品的生产与分销，业务覆盖全球多个主要市场。
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。
AVY vs PANW — 直观对比
营收规模更大
PANW
是对方的1.1倍
$2.3B
营收增速更快
PANW
高出7.9%
7.0%
净利率更高
PANW
高出9.3%
7.3%
自由现金流更多
PANW
多$279.6M
$104.4M
两年增速更快
PANW
近两年复合增速
1.4%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.6B |
| 净利润 | $168.1M | $432.0M |
| 毛利率 | 28.9% | 73.6% |
| 营业利润率 | 10.7% | 15.3% |
| 净利率 | 7.3% | 16.7% |
| 营收同比 | 7.0% | 14.9% |
| 净利润同比 | 1.1% | 61.6% |
| 每股收益（稀释后） | — | $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AVYPANW
| Q1 26 | $2.3B | $2.6B | ||
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $2.2B | $2.5B | ||
| Q2 25 | $2.2B | $2.3B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.2B | $2.1B | ||
| Q3 24 | $2.2B | $2.2B | ||
| Q2 24 | $2.2B | $2.0B |
净利润AVYPANW
| Q1 26 | $168.1M | $432.0M | ||
| Q4 25 | $166.4M | $334.0M | ||
| Q3 25 | $166.3M | $253.8M | ||
| Q2 25 | $189.0M | $262.1M | ||
| Q1 25 | $166.3M | $267.3M | ||
| Q4 24 | $174.0M | $350.7M | ||
| Q3 24 | $181.7M | $357.7M | ||
| Q2 24 | $176.8M | $278.8M |
毛利率AVYPANW
| Q1 26 | 28.9% | 73.6% | ||
| Q4 25 | 28.7% | 74.2% | ||
| Q3 25 | 28.7% | 73.2% | ||
| Q2 25 | 28.8% | 72.9% | ||
| Q1 25 | 28.9% | 73.5% | ||
| Q4 24 | 27.9% | 74.1% | ||
| Q3 24 | 28.7% | 73.8% | ||
| Q2 24 | 29.6% | 74.1% |
营业利润率AVYPANW
| Q1 26 | 10.7% | 15.3% | ||
| Q4 25 | 9.1% | 12.5% | ||
| Q3 25 | 10.6% | 19.6% | ||
| Q2 25 | 11.5% | 9.6% | ||
| Q1 25 | 10.6% | 10.6% | ||
| Q4 24 | 11.0% | 13.4% | ||
| Q3 24 | 11.0% | 10.9% | ||
| Q2 24 | 10.7% | 8.9% |
净利率AVYPANW
| Q1 26 | 7.3% | 16.7% | ||
| Q4 25 | 7.3% | 13.5% | ||
| Q3 25 | 7.5% | 10.0% | ||
| Q2 25 | 8.5% | 11.5% | ||
| Q1 25 | 7.7% | 11.8% | ||
| Q4 24 | 8.0% | 16.4% | ||
| Q3 24 | 8.3% | 16.3% | ||
| Q2 24 | 7.9% | 14.0% |
每股收益（稀释后）AVYPANW
| Q1 26 | — | $0.61 | ||
| Q4 25 | $2.16 | $0.47 | ||
| Q3 25 | $2.13 | $-0.14 | ||
| Q2 25 | $2.41 | $0.37 | ||
| Q1 25 | $2.09 | $0.38 | ||
| Q4 24 | $2.17 | $0.99 | ||
| Q3 24 | $2.25 | $1.04 | ||
| Q2 24 | $2.18 | $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 | $255.1M | $4.5B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.3B | $9.4B |
| 总资产 | $9.0B | $25.0B |
| 负债/权益比越低杠杆越低 | 1.38× | — |
8季度趋势，按日历期对齐
现金及短期投资AVYPANW
| Q1 26 | $255.1M | $4.5B | ||
| Q4 25 | $202.8M | $4.2B | ||
| Q3 25 | $536.3M | $2.9B | ||
| Q2 25 | $215.9M | $3.3B | ||
| Q1 25 | $195.9M | $3.2B | ||
| Q4 24 | $329.1M | $3.4B | ||
| Q3 24 | $212.7M | $2.6B | ||
| Q2 24 | $208.8M | $2.9B |
总债务AVYPANW
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — |
股东权益AVYPANW
| Q1 26 | $2.3B | $9.4B | ||
| Q4 25 | $2.2B | $8.7B | ||
| Q3 25 | $2.2B | $7.8B | ||
| Q2 25 | $2.2B | $7.2B | ||
| Q1 25 | $2.2B | $6.4B | ||
| Q4 24 | $2.3B | $5.9B | ||
| Q3 24 | $2.4B | $5.2B | ||
| Q2 24 | $2.3B | $4.5B |
总资产AVYPANW
| Q1 26 | $9.0B | $25.0B | ||
| Q4 25 | $8.8B | $23.5B | ||
| Q3 25 | $8.9B | $23.6B | ||
| Q2 25 | $8.6B | $22.0B | ||
| Q1 25 | $8.4B | $21.0B | ||
| Q4 24 | $8.4B | $20.4B | ||
| Q3 24 | $8.5B | $20.0B | ||
| Q2 24 | $8.3B | $17.9B |
负债/权益比AVYPANW
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.89× | — |
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 | — | $554.0M |
| 自由现金流经营现金流 - 资本支出 | $104.4M | $384.0M |
| 自由现金流率自由现金流/营收 | 4.5% | 14.8% |
| 资本支出强度资本支出/营收 | — | 6.6% |
| 现金转化率经营现金流/净利润 | — | 1.28× |
| 过去12个月自由现金流最近4个季度 | $869.1M | $3.6B |
8季度趋势，按日历期对齐
经营现金流AVYPANW
| Q1 26 | — | $554.0M | ||
| Q4 25 | $376.8M | $1.8B | ||
| Q3 25 | $312.1M | $1.0B | ||
| Q2 25 | $208.8M | $628.7M | ||
| Q1 25 | $-16.3M | $556.9M | ||
| Q4 24 | $351.2M | $1.5B | ||
| Q3 24 | $270.1M | $512.7M | ||
| Q2 24 | $197.7M | $528.9M |
自由现金流AVYPANW
| Q1 26 | $104.4M | $384.0M | ||
| Q4 25 | $309.7M | $1.7B | ||
| Q3 25 | $276.2M | $934.5M | ||
| Q2 25 | $178.8M | $560.4M | ||
| Q1 25 | $-52.3M | $509.4M | ||
| Q4 24 | $281.7M | $1.5B | ||
| Q3 24 | $227.1M | $465.3M | ||
| Q2 24 | $150.2M | $491.5M |
自由现金流率AVYPANW
| Q1 26 | 4.5% | 14.8% | ||
| Q4 25 | 13.6% | 68.2% | ||
| Q3 25 | 12.5% | 36.8% | ||
| Q2 25 | 8.1% | 24.5% | ||
| Q1 25 | -2.4% | 22.6% | ||
| Q4 24 | 12.9% | 68.5% | ||
| Q3 24 | 10.4% | 21.3% | ||
| Q2 24 | 6.7% | 24.8% |
资本支出强度AVYPANW
| Q1 26 | — | 6.6% | ||
| Q4 25 | 3.0% | 3.4% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 1.4% | 3.0% | ||
| Q1 25 | 1.7% | 2.1% | ||
| Q4 24 | 3.2% | 2.1% | ||
| Q3 24 | 2.0% | 2.2% | ||
| Q2 24 | 2.1% | 1.9% |
现金转化率AVYPANW
| Q1 26 | — | 1.28× | ||
| Q4 25 | 2.26× | 5.30× | ||
| Q3 25 | 1.88× | 4.02× | ||
| Q2 25 | 1.10× | 2.40× | ||
| Q1 25 | -0.10× | 2.08× | ||
| Q4 24 | 2.02× | 4.30× | ||
| Q3 24 | 1.49× | 1.43× | ||
| Q2 24 | 1.12× | 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
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
PANW
| Subscription | $1.4B | 54% |
| Support | $676.0M | 26% |
| Products | $514.0M | 20% |
