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FTI CONSULTING, INC（FCN）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
斑马技术的季度营收约是FTI CONSULTING, INC的1.5倍（$1.5B vs $990.7M），FTI CONSULTING, INC净利率更高（5.5% vs 4.7%，领先0.8%），FTI CONSULTING, INC同比增速更快（10.7% vs 10.6%），FTI CONSULTING, INC自由现金流更多（$351.4M vs $327.0M），过去两年斑马技术的营收复合增速更高（12.0% vs 3.3%）
FTI咨询成立于1982年，总部位于美国华盛顿特区，是全球顶尖的金融咨询服务商之一。公司核心业务涵盖企业融资与重组、经济咨询、法务与诉讼咨询、战略传播、科技及战略咨询等领域，在31个国家拥有逾7700名员工。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
FCN vs ZBRA — 直观对比
营收规模更大
ZBRA
是对方的1.5倍
$990.7M
营收增速更快
FCN
高出0.1%
10.6%
净利率更高
FCN
高出0.8%
4.7%
自由现金流更多
FCN
多$24.4M
$327.0M
两年增速更快
ZBRA
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $990.7M | $1.5B |
| 净利润 | $54.5M | $70.0M |
| 毛利率 | 31.1% | 47.3% |
| 营业利润率 | 9.4% | 9.4% |
| 净利率 | 5.5% | 4.7% |
| 营收同比 | 10.7% | 10.6% |
| 净利润同比 | 9.7% | -57.1% |
| 每股收益（稀释后） | $1.77 | $1.40 |
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FCNZBRA
| Q4 25 | $990.7M | $1.5B | ||
| Q3 25 | $956.2M | $1.3B | ||
| Q2 25 | $943.7M | $1.3B | ||
| Q1 25 | $898.3M | $1.3B | ||
| Q4 24 | $894.9M | $1.3B | ||
| Q3 24 | $926.0M | $1.3B | ||
| Q2 24 | $949.2M | $1.2B | ||
| Q1 24 | $928.6M | $1.2B |
净利润FCNZBRA
| Q4 25 | $54.5M | $70.0M | ||
| Q3 25 | $82.8M | $101.0M | ||
| Q2 25 | $71.7M | $112.0M | ||
| Q1 25 | $61.8M | $136.0M | ||
| Q4 24 | $49.7M | $163.0M | ||
| Q3 24 | $66.5M | $137.0M | ||
| Q2 24 | $83.9M | $113.0M | ||
| Q1 24 | $80.0M | $115.0M |
毛利率FCNZBRA
| Q4 25 | 31.1% | 47.3% | ||
| Q3 25 | 33.3% | 48.0% | ||
| Q2 25 | 32.1% | 47.6% | ||
| Q1 25 | 32.2% | 49.3% | ||
| Q4 24 | 30.2% | 48.6% | ||
| Q3 24 | 32.2% | 48.8% | ||
| Q2 24 | 32.8% | 48.4% | ||
| Q1 24 | 32.6% | 47.9% |
营业利润率FCNZBRA
| Q4 25 | 9.4% | 9.4% | ||
| Q3 25 | 12.3% | 13.9% | ||
| Q2 25 | 10.5% | 14.2% | ||
| Q1 25 | 8.8% | 14.9% | ||
| Q4 24 | 5.9% | 16.9% | ||
| Q3 24 | 9.8% | 15.2% | ||
| Q2 24 | 11.0% | 13.7% | ||
| Q1 24 | 10.7% | 13.5% |
净利率FCNZBRA
| Q4 25 | 5.5% | 4.7% | ||
| Q3 25 | 8.7% | 7.7% | ||
| Q2 25 | 7.6% | 8.7% | ||
| Q1 25 | 6.9% | 10.4% | ||
| Q4 24 | 5.6% | 12.2% | ||
| Q3 24 | 7.2% | 10.9% | ||
| Q2 24 | 8.8% | 9.3% | ||
| Q1 24 | 8.6% | 9.8% |
每股收益（稀释后）FCNZBRA
| Q4 25 | $1.77 | $1.40 | ||
| Q3 25 | $2.60 | $1.97 | ||
| Q2 25 | $2.13 | $2.19 | ||
| Q1 25 | $1.74 | $2.62 | ||
| Q4 24 | $1.39 | $3.14 | ||
| Q3 24 | $1.85 | $2.64 | ||
| Q2 24 | $2.34 | $2.17 | ||
| Q1 24 | $2.23 | $2.23 |
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 | $265.1M | $125.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $3.6B |
| 总资产 | $3.5B | $8.5B |
| 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FCNZBRA
| Q4 25 | $265.1M | $125.0M | ||
| Q3 25 | $146.0M | $1.1B | ||
| Q2 25 | $152.8M | $872.0M | ||
| Q1 25 | $151.1M | $879.0M | ||
| Q4 24 | $660.5M | $901.0M | ||
| Q3 24 | $386.3M | $676.0M | ||
| Q2 24 | $226.4M | $411.0M | ||
| Q1 24 | $244.0M | $127.0M |
总债务FCNZBRA
| Q4 25 | — | — | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | $60.0M | $2.2B | ||
| Q1 24 | $205.0M | $2.1B |
股东权益FCNZBRA
| Q4 25 | $1.7B | $3.6B | ||
| Q3 25 | $1.7B | $3.7B | ||
| Q2 25 | $1.9B | $3.6B | ||
| Q1 25 | $2.1B | $3.6B | ||
| Q4 24 | $2.3B | $3.6B | ||
| Q3 24 | $2.3B | $3.4B | ||
| Q2 24 | $2.1B | $3.3B | ||
| Q1 24 | $2.1B | $3.2B |
总资产FCNZBRA
| Q4 25 | $3.5B | $8.5B | ||
| Q3 25 | $3.5B | $8.1B | ||
| Q2 25 | $3.5B | $7.9B | ||
| Q1 25 | $3.3B | $7.9B | ||
| Q4 24 | $3.6B | $8.0B | ||
| Q3 24 | $3.5B | $7.7B | ||
| Q2 24 | $3.4B | $7.5B | ||
| Q1 24 | $3.3B | $7.3B |
负债/权益比FCNZBRA
| Q4 25 | — | — | ||
| Q3 25 | — | 0.58× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 0.03× | 0.66× | ||
| Q1 24 | 0.10× | 0.66× |
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 | $359.8M | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $351.4M | $327.0M |
| 自由现金流率自由现金流/营收 | 35.5% | 22.2% |
| 资本支出强度资本支出/营收 | 0.8% | 2.0% |
| 现金转化率经营现金流/净利润 | 6.60× | 5.10× |
| 过去12个月自由现金流最近4个季度 | $93.6M | $831.0M |
8季度趋势，按日历期对齐
经营现金流FCNZBRA
| Q4 25 | $359.8M | $357.0M | ||
| Q3 25 | $201.9M | $235.0M | ||
| Q2 25 | $55.7M | $147.0M | ||
| Q1 25 | $-465.2M | $178.0M | ||
| Q4 24 | $315.3M | $306.0M | ||
| Q3 24 | $219.4M | $294.0M | ||
| Q2 24 | $135.2M | $288.0M | ||
| Q1 24 | $-274.8M | $125.0M |
自由现金流FCNZBRA
| Q4 25 | $351.4M | $327.0M | ||
| Q3 25 | $187.0M | $216.0M | ||
| Q2 25 | $38.3M | $130.0M | ||
| Q1 25 | $-483.0M | $158.0M | ||
| Q4 24 | $301.6M | $288.0M | ||
| Q3 24 | $212.3M | $277.0M | ||
| Q2 24 | $125.2M | $278.0M | ||
| Q1 24 | $-279.5M | $111.0M |
自由现金流率FCNZBRA
| Q4 25 | 35.5% | 22.2% | ||
| Q3 25 | 19.6% | 16.4% | ||
| Q2 25 | 4.1% | 10.1% | ||
| Q1 25 | -53.8% | 12.1% | ||
| Q4 24 | 33.7% | 21.6% | ||
| Q3 24 | 22.9% | 22.1% | ||
| Q2 24 | 13.2% | 22.8% | ||
| Q1 24 | -30.1% | 9.4% |
资本支出强度FCNZBRA
| Q4 25 | 0.8% | 2.0% | ||
| Q3 25 | 1.6% | 1.4% | ||
| Q2 25 | 1.8% | 1.3% | ||
| Q1 25 | 2.0% | 1.5% | ||
| Q4 24 | 1.5% | 1.3% | ||
| Q3 24 | 0.8% | 1.4% | ||
| Q2 24 | 1.1% | 0.8% | ||
| Q1 24 | 0.5% | 1.2% |
现金转化率FCNZBRA
| Q4 25 | 6.60× | 5.10× | ||
| Q3 25 | 2.44× | 2.33× | ||
| Q2 25 | 0.78× | 1.31× | ||
| Q1 25 | -7.52× | 1.31× | ||
| Q4 24 | 6.34× | 1.88× | ||
| Q3 24 | 3.30× | 2.15× | ||
| Q2 24 | 1.61× | 2.55× | ||
| Q1 24 | -3.44× | 1.09× |
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
FCN
| Corporate Finance Segment | $423.2M | 43% |
| Forensic And Litigation Consulting | $192.9M | 19% |
| Economic Consulting | $176.2M | 18% |
| Strategic Communications | $99.4M | 10% |
| Other | $99.0M | 10% |
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
