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TopBuild Corp（BLD）与Fabrinet（FN）财务数据对比。点击上方公司名可切换其他公司
TopBuild Corp的季度营收约是Fabrinet的1.3倍（$1.5B vs $1.1B），Fabrinet净利率更高（9.9% vs 7.0%，领先2.9%），Fabrinet同比增速更快（35.9% vs 13.2%），TopBuild Corp自由现金流更多（$159.4M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 7.8%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
BLD vs FN — 直观对比
营收规模更大
BLD
是对方的1.3倍
$1.1B
营收增速更快
FN
高出22.7%
13.2%
净利率更高
FN
高出2.9%
7.0%
自由现金流更多
BLD
多$164.7M
$-5.3M
两年增速更快
FN
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.1B |
| 净利润 | $104.5M | $112.6M |
| 毛利率 | 27.2% | 12.2% |
| 营业利润率 | 12.1% | 10.1% |
| 净利率 | 7.0% | 9.9% |
| 营收同比 | 13.2% | 35.9% |
| 净利润同比 | -30.6% | 30.0% |
| 每股收益（稀释后） | $3.69 | $3.11 |
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BLDFN
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.4B | $978.1M | ||
| Q2 25 | $1.3B | $909.7M | ||
| Q1 25 | $1.2B | $871.8M | ||
| Q4 24 | $1.3B | $833.6M | ||
| Q3 24 | $1.4B | $804.2M | ||
| Q2 24 | $1.4B | $753.3M | ||
| Q1 24 | $1.3B | $731.5M |
净利润BLDFN
| Q4 25 | $104.5M | $112.6M | ||
| Q3 25 | $142.2M | $95.9M | ||
| Q2 25 | $151.6M | $87.2M | ||
| Q1 25 | $123.4M | $81.3M | ||
| Q4 24 | $150.5M | $86.6M | ||
| Q3 24 | $169.0M | $77.4M | ||
| Q2 24 | $150.7M | $81.1M | ||
| Q1 24 | $152.4M | $80.9M |
毛利率BLDFN
| Q4 25 | 27.2% | 12.2% | ||
| Q3 25 | 30.1% | 11.9% | ||
| Q2 25 | 30.4% | 12.2% | ||
| Q1 25 | 28.5% | 11.7% | ||
| Q4 24 | 29.9% | 12.1% | ||
| Q3 24 | 30.7% | 12.3% | ||
| Q2 24 | 31.0% | 12.3% | ||
| Q1 24 | 30.3% | 12.4% |
营业利润率BLDFN
| Q4 25 | 12.1% | 10.1% | ||
| Q3 25 | 15.4% | 9.6% | ||
| Q2 25 | 16.9% | 9.8% | ||
| Q1 25 | 14.4% | 9.0% | ||
| Q4 24 | 16.6% | 9.5% | ||
| Q3 24 | 17.8% | 9.6% | ||
| Q2 24 | 15.4% | 9.7% | ||
| Q1 24 | 16.8% | 9.7% |
净利率BLDFN
| Q4 25 | 7.0% | 9.9% | ||
| Q3 25 | 10.2% | 9.8% | ||
| Q2 25 | 11.7% | 9.6% | ||
| Q1 25 | 10.0% | 9.3% | ||
| Q4 24 | 11.5% | 10.4% | ||
| Q3 24 | 12.3% | 9.6% | ||
| Q2 24 | 11.0% | 10.8% | ||
| Q1 24 | 11.9% | 11.1% |
每股收益（稀释后）BLDFN
| Q4 25 | $3.69 | $3.11 | ||
| Q3 25 | $5.04 | $2.66 | ||
| Q2 25 | $5.32 | $2.41 | ||
| Q1 25 | $4.23 | $2.25 | ||
| Q4 24 | $5.07 | $2.38 | ||
| Q3 24 | $5.65 | $2.13 | ||
| Q2 24 | $4.78 | $2.22 | ||
| Q1 24 | $4.79 | $2.21 |
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 | $184.7M | $960.8M |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $2.3B | $2.2B |
| 总资产 | $6.6B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.23× | — |
8季度趋势，按日历期对齐
现金及短期投资BLDFN
| Q4 25 | $184.7M | $960.8M | ||
| Q3 25 | $1.1B | $968.8M | ||
| Q2 25 | $842.5M | $934.2M | ||
| Q1 25 | $308.8M | $950.7M | ||
| Q4 24 | $400.3M | $934.6M | ||
| Q3 24 | $257.3M | $908.9M | ||
| Q2 24 | $463.2M | $858.6M | ||
| Q1 24 | $968.8M | $794.0M |
总债务BLDFN
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益BLDFN
| Q4 25 | $2.3B | $2.2B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.4B | $1.7B | ||
| Q1 24 | $2.7B | $1.7B |
总资产BLDFN
| Q4 25 | $6.6B | $3.3B | ||
| Q3 25 | $6.4B | $3.0B | ||
| Q2 25 | $5.1B | $2.8B | ||
| Q1 25 | $4.6B | $2.6B | ||
| Q4 24 | $4.7B | $2.5B | ||
| Q3 24 | $4.7B | $2.4B | ||
| Q2 24 | $4.9B | $2.3B | ||
| Q1 24 | $5.3B | $2.2B |
负债/权益比BLDFN
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.52× | — |
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 | $176.7M | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $-5.3M |
| 自由现金流率自由现金流/营收 | 10.7% | -0.5% |
| 资本支出强度资本支出/营收 | 1.2% | 4.6% |
| 现金转化率经营现金流/净利润 | 1.69× | 0.41× |
| 过去12个月自由现金流最近4个季度 | $696.9M | $102.3M |
8季度趋势，按日历期对齐
经营现金流BLDFN
| Q4 25 | $176.7M | $46.3M | ||
| Q3 25 | $233.3M | $102.6M | ||
| Q2 25 | $193.7M | $55.1M | ||
| Q1 25 | $152.6M | $74.2M | ||
| Q4 24 | $266.2M | $115.9M | ||
| Q3 24 | $240.7M | $83.2M | ||
| Q2 24 | $90.4M | $83.1M | ||
| Q1 24 | $178.8M | $100.9M |
自由现金流BLDFN
| Q4 25 | $159.4M | $-5.3M | ||
| Q3 25 | $216.2M | $57.3M | ||
| Q2 25 | $182.2M | $4.7M | ||
| Q1 25 | $139.2M | $45.7M | ||
| Q4 24 | $253.7M | $94.0M | ||
| Q3 24 | $219.8M | $62.9M | ||
| Q2 24 | $74.3M | $70.4M | ||
| Q1 24 | $158.9M | $87.3M |
自由现金流率BLDFN
| Q4 25 | 10.7% | -0.5% | ||
| Q3 25 | 15.5% | 5.9% | ||
| Q2 25 | 14.0% | 0.5% | ||
| Q1 25 | 11.3% | 5.2% | ||
| Q4 24 | 19.3% | 11.3% | ||
| Q3 24 | 16.0% | 7.8% | ||
| Q2 24 | 5.4% | 9.3% | ||
| Q1 24 | 12.4% | 11.9% |
资本支出强度BLDFN
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 1.2% | 4.6% | ||
| Q2 25 | 0.9% | 5.5% | ||
| Q1 25 | 1.1% | 3.3% | ||
| Q4 24 | 1.0% | 2.6% | ||
| Q3 24 | 1.5% | 2.5% | ||
| Q2 24 | 1.2% | 1.7% | ||
| Q1 24 | 1.6% | 1.9% |
现金转化率BLDFN
| Q4 25 | 1.69× | 0.41× | ||
| Q3 25 | 1.64× | 1.07× | ||
| Q2 25 | 1.28× | 0.63× | ||
| Q1 25 | 1.24× | 0.91× | ||
| Q4 24 | 1.77× | 1.34× | ||
| Q3 24 | 1.42× | 1.07× | ||
| Q2 24 | 0.60× | 1.02× | ||
| Q1 24 | 1.17× | 1.25× |
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
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
