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F5, Inc.（FFIV）与IES Holdings, Inc.（IESC）财务数据对比。点击上方公司名可切换其他公司
IES Holdings, Inc.的季度营收约是F5, Inc.的1.1倍（$871.0M vs $822.5M），F5, Inc.净利率更高（21.9% vs 10.5%，领先11.4%），IES Holdings, Inc.同比增速更快（16.2% vs 7.3%），F5, Inc.自由现金流更多（$149.5M vs $-18.9M），过去两年IES Holdings, Inc.的营收复合增速更高（11.1% vs 9.9%）
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
FFIV vs IESC — 直观对比
营收规模更大
IESC
是对方的1.1倍
$822.5M
营收增速更快
IESC
高出8.9%
7.3%
净利率更高
FFIV
高出11.4%
10.5%
自由现金流更多
FFIV
多$168.4M
$-18.9M
两年增速更快
IESC
近两年复合增速
9.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $822.5M | $871.0M |
| 净利润 | $180.1M | $91.8M |
| 毛利率 | 81.5% | 25.3% |
| 营业利润率 | 26.0% | 11.2% |
| 净利率 | 21.9% | 10.5% |
| 营收同比 | 7.3% | 16.2% |
| 净利润同比 | 8.2% | 59.1% |
| 每股收益（稀释后） | $3.10 | $4.51 |
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FFIVIESC
| Q4 25 | $822.5M | $871.0M | ||
| Q3 25 | $810.1M | $897.8M | ||
| Q2 25 | $780.4M | $890.2M | ||
| Q1 25 | $731.1M | $834.0M | ||
| Q4 24 | $766.5M | $749.5M | ||
| Q3 24 | $746.7M | $775.8M | ||
| Q2 24 | $695.5M | $768.4M | ||
| Q1 24 | $681.4M | $705.7M |
净利润FFIVIESC
| Q4 25 | $180.1M | $91.8M | ||
| Q3 25 | $190.5M | $102.3M | ||
| Q2 25 | $189.9M | $79.3M | ||
| Q1 25 | $145.5M | $72.6M | ||
| Q4 24 | $166.4M | $57.7M | ||
| Q3 24 | $165.3M | $65.5M | ||
| Q2 24 | $144.1M | $66.6M | ||
| Q1 24 | $119.0M | $56.8M |
毛利率FFIVIESC
| Q4 25 | 81.5% | 25.3% | ||
| Q3 25 | 82.2% | 26.0% | ||
| Q2 25 | 81.0% | 26.9% | ||
| Q1 25 | 80.7% | 25.0% | ||
| Q4 24 | 81.7% | 23.8% | ||
| Q3 24 | 80.8% | 24.0% | ||
| Q2 24 | 80.4% | 25.3% | ||
| Q1 24 | 79.3% | 24.3% |
营业利润率FFIVIESC
| Q4 25 | 26.0% | 11.2% | ||
| Q3 25 | 25.4% | 11.6% | ||
| Q2 25 | 25.2% | 12.6% | ||
| Q1 25 | 21.7% | 11.1% | ||
| Q4 24 | 26.8% | 10.0% | ||
| Q3 24 | 25.6% | 9.7% | ||
| Q2 24 | 23.4% | 11.7% | ||
| Q1 24 | 20.5% | 11.0% |
净利率FFIVIESC
| Q4 25 | 21.9% | 10.5% | ||
| Q3 25 | 23.5% | 11.4% | ||
| Q2 25 | 24.3% | 8.9% | ||
| Q1 25 | 19.9% | 8.7% | ||
| Q4 24 | 21.7% | 7.7% | ||
| Q3 24 | 22.1% | 8.4% | ||
| Q2 24 | 20.7% | 8.7% | ||
| Q1 24 | 17.5% | 8.0% |
每股收益（稀释后）FFIVIESC
| Q4 25 | $3.10 | $4.51 | ||
| Q3 25 | $3.25 | $4.99 | ||
| Q2 25 | $3.25 | $3.81 | ||
| Q1 25 | $2.48 | $3.50 | ||
| Q4 24 | $2.82 | $2.72 | ||
| Q3 24 | $2.79 | $3.06 | ||
| Q2 24 | $2.44 | $2.67 | ||
| Q1 24 | $2.00 | $2.29 |
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 | $1.2B | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $961.1M |
| 总资产 | $6.3B | $1.7B |
| 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FFIVIESC
| Q4 25 | $1.2B | $258.7M | ||
| Q3 25 | $1.3B | $231.8M | ||
| Q2 25 | $1.4B | $168.3M | ||
| Q1 25 | $1.3B | $88.3M | ||
| Q4 24 | $1.2B | $112.0M | ||
| Q3 24 | $1.1B | $135.8M | ||
| Q2 24 | $935.6M | $44.9M | ||
| Q1 24 | $903.5M | $106.0M |
股东权益FFIVIESC
| Q4 25 | $3.5B | $961.1M | ||
| Q3 25 | $3.6B | $884.0M | ||
| Q2 25 | $3.5B | $781.4M | ||
| Q1 25 | $3.3B | $705.8M | ||
| Q4 24 | $3.2B | $652.4M | ||
| Q3 24 | $3.1B | $611.1M | ||
| Q2 24 | $3.0B | $567.5M | ||
| Q1 24 | $2.9B | $534.8M |
总资产FFIVIESC
| Q4 25 | $6.3B | $1.7B | ||
| Q3 25 | $6.3B | $1.6B | ||
| Q2 25 | $6.1B | $1.5B | ||
| Q1 25 | $5.9B | $1.4B | ||
| Q4 24 | $5.9B | $1.3B | ||
| Q3 24 | $5.6B | $1.2B | ||
| Q2 24 | $5.4B | $1.2B | ||
| Q1 24 | $5.4B | $1.1B |
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 | $159.2M | $27.7M |
| 自由现金流经营现金流 - 资本支出 | $149.5M | $-18.9M |
| 自由现金流率自由现金流/营收 | 18.2% | -2.2% |
| 资本支出强度资本支出/营收 | 1.2% | 5.3% |
| 现金转化率经营现金流/净利润 | 0.88× | 0.30× |
| 过去12个月自由现金流最近4个季度 | $861.2M | $175.9M |
8季度趋势，按日历期对齐
经营现金流FFIVIESC
| Q4 25 | $159.2M | $27.7M | ||
| Q3 25 | $208.1M | $132.0M | ||
| Q2 25 | $282.2M | $92.0M | ||
| Q1 25 | $256.6M | $24.8M | ||
| Q4 24 | $202.8M | $37.3M | ||
| Q3 24 | $246.5M | $92.8M | ||
| Q2 24 | $159.0M | $82.9M | ||
| Q1 24 | $221.6M | $33.7M |
自由现金流FFIVIESC
| Q4 25 | $149.5M | $-18.9M | ||
| Q3 25 | $191.9M | $112.0M | ||
| Q2 25 | $273.7M | $74.8M | ||
| Q1 25 | $246.1M | $7.9M | ||
| Q4 24 | $194.7M | $24.1M | ||
| Q3 24 | $240.4M | $78.5M | ||
| Q2 24 | $153.1M | $65.4M | ||
| Q1 24 | $212.2M | $26.9M |
自由现金流率FFIVIESC
| Q4 25 | 18.2% | -2.2% | ||
| Q3 25 | 23.7% | 12.5% | ||
| Q2 25 | 35.1% | 8.4% | ||
| Q1 25 | 33.7% | 0.9% | ||
| Q4 24 | 25.4% | 3.2% | ||
| Q3 24 | 32.2% | 10.1% | ||
| Q2 24 | 22.0% | 8.5% | ||
| Q1 24 | 31.1% | 3.8% |
资本支出强度FFIVIESC
| Q4 25 | 1.2% | 5.3% | ||
| Q3 25 | 2.0% | 2.2% | ||
| Q2 25 | 1.1% | 1.9% | ||
| Q1 25 | 1.4% | 2.0% | ||
| Q4 24 | 1.1% | 1.8% | ||
| Q3 24 | 0.8% | 1.8% | ||
| Q2 24 | 0.8% | 2.3% | ||
| Q1 24 | 1.4% | 1.0% |
现金转化率FFIVIESC
| Q4 25 | 0.88× | 0.30× | ||
| Q3 25 | 1.09× | 1.29× | ||
| Q2 25 | 1.49× | 1.16× | ||
| Q1 25 | 1.76× | 0.34× | ||
| Q4 24 | 1.22× | 0.65× | ||
| Q3 24 | 1.49× | 1.42× | ||
| Q2 24 | 1.10× | 1.24× | ||
| Q1 24 | 1.86× | 0.59× |
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
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
