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CHECK POINT SOFTWARE TECHNOLOGIES LTD（CHKP）与佳明（GRMN）财务数据对比。点击上方公司名可切换其他公司
佳明的季度营收约是CHECK POINT SOFTWARE TECHNOLOGIES LTD的1.1倍（$2.1B vs $2.0B），CHECK POINT SOFTWARE TECHNOLOGIES LTD净利率更高（38.0% vs 24.9%，领先13.1%），CHECK POINT SOFTWARE TECHNOLOGIES LTD自由现金流更多（$895.5M vs $429.6M）
Check Point软件技术有限公司是以色列知名网络安全企业，业务覆盖全球60余个国家，总部位于以色列特拉维夫，在美国加利福尼亚州红木城设有重要运营据点。公司为全球超过10万家机构提供安全防护，旗下拥有专业安全研究团队，同时是世界经济论坛的合作伙伴。
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
CHKP vs GRMN — 直观对比
营收规模更大
GRMN
是对方的1.1倍
$2.0B
净利率更高
CHKP
高出13.1%
24.9%
自由现金流更多
CHKP
多$465.9M
$429.6M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.1B |
| 净利润 | $752.4M | $528.7M |
| 毛利率 | 86.7% | 59.2% |
| 营业利润率 | 30.2% | 28.9% |
| 净利率 | 38.0% | 24.9% |
| 营收同比 | — | 16.6% |
| 净利润同比 | — | 21.3% |
| 每股收益（稀释后） | $6.81 | $2.72 |
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CHKPGRMN
| Q4 25 | — | $2.1B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B |
净利润CHKPGRMN
| Q4 25 | — | $528.7M | ||
| Q3 25 | $752.4M | $401.6M | ||
| Q2 25 | — | $400.8M | ||
| Q1 25 | — | $332.8M | ||
| Q4 24 | — | $435.7M | ||
| Q3 24 | — | $399.1M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $276.0M |
毛利率CHKPGRMN
| Q4 25 | — | 59.2% | ||
| Q3 25 | 86.7% | 59.1% | ||
| Q2 25 | — | 58.8% | ||
| Q1 25 | — | 57.6% | ||
| Q4 24 | — | 59.3% | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | 57.3% | ||
| Q1 24 | — | 58.1% |
营业利润率CHKPGRMN
| Q4 25 | — | 28.9% | ||
| Q3 25 | 30.2% | 25.8% | ||
| Q2 25 | — | 26.0% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | — | 27.6% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 21.6% |
净利率CHKPGRMN
| Q4 25 | — | 24.9% | ||
| Q3 25 | 38.0% | 22.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 20.0% |
每股收益（稀释后）CHKPGRMN
| Q4 25 | — | $2.72 | ||
| Q3 25 | $6.81 | $2.08 | ||
| Q2 25 | — | $2.07 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $2.24 | ||
| Q3 24 | — | $2.07 | ||
| Q2 24 | — | $1.56 | ||
| Q1 24 | — | $1.43 |
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 | $619.9M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.1B | $9.0B |
| 总资产 | $5.7B | $11.0B |
| 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CHKPGRMN
| Q4 25 | — | $2.3B | ||
| Q3 25 | $619.9M | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
股东权益CHKPGRMN
| Q4 25 | — | $9.0B | ||
| Q3 25 | $3.1B | $8.5B | ||
| Q2 25 | — | $8.1B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.5B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $7.2B |
总资产CHKPGRMN
| Q4 25 | — | $11.0B | ||
| Q3 25 | $5.7B | $10.5B | ||
| Q2 25 | — | $10.3B | ||
| Q1 25 | — | $9.8B | ||
| Q4 24 | — | $9.6B | ||
| Q3 24 | — | $9.3B | ||
| Q2 24 | — | $8.9B | ||
| Q1 24 | — | $8.6B |
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 | $914.9M | $553.8M |
| 自由现金流经营现金流 - 资本支出 | $895.5M | $429.6M |
| 自由现金流率自由现金流/营收 | 45.2% | 20.2% |
| 资本支出强度资本支出/营收 | 1.0% | 5.8% |
| 现金转化率经营现金流/净利润 | 1.22× | 1.05× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流CHKPGRMN
| Q4 25 | — | $553.8M | ||
| Q3 25 | $914.9M | $485.6M | ||
| Q2 25 | — | $173.2M | ||
| Q1 25 | — | $420.8M | ||
| Q4 24 | — | $483.9M | ||
| Q3 24 | — | $258.0M | ||
| Q2 24 | — | $255.3M | ||
| Q1 24 | — | $435.3M |
自由现金流CHKPGRMN
| Q4 25 | — | $429.6M | ||
| Q3 25 | $895.5M | $425.1M | ||
| Q2 25 | — | $127.5M | ||
| Q1 25 | — | $380.7M | ||
| Q4 24 | — | $399.2M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $218.2M | ||
| Q1 24 | — | $402.1M |
自由现金流率CHKPGRMN
| Q4 25 | — | 20.2% | ||
| Q3 25 | 45.2% | 24.0% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 21.9% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | — | 29.1% |
资本支出强度CHKPGRMN
| Q4 25 | — | 5.8% | ||
| Q3 25 | 1.0% | 3.4% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 2.4% |
现金转化率CHKPGRMN
| Q4 25 | — | 1.05× | ||
| Q3 25 | 1.22× | 1.21× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 1.58× |
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
CHKP
| Security subscriptions | $812.0M | 41% |
| Software updates and maintenance | $712.0M | 36% |
| Products and licenses | $337.3M | 17% |
| Other | $119.2M | 6% |
GRMN
| Fitness Segment | $765.8M | 36% |
| Outdoor Segment | $627.6M | 30% |
| Marine Segment | $296.9M | 14% |
| Aviation Segment | $274.2M | 13% |
| Auto Oem Segment | $160.4M | 8% |
