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F5, Inc.（FFIV）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
F5, Inc.的季度营收约是摩丁制造的1.0倍（$822.5M vs $805.0M），F5, Inc.净利率更高（21.9% vs -5.9%，领先27.8%），摩丁制造同比增速更快（30.5% vs 7.3%），F5, Inc.自由现金流更多（$149.5M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% 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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
FFIV vs MOD — 直观对比
营收规模更大
FFIV
是对方的1.0倍
$805.0M
营收增速更快
MOD
高出23.2%
7.3%
净利率更高
FFIV
高出27.8%
-5.9%
自由现金流更多
FFIV
多$166.6M
$-17.1M
两年增速更快
MOD
近两年复合增速
9.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $822.5M | $805.0M |
| 净利润 | $180.1M | $-47.4M |
| 毛利率 | 81.5% | 23.1% |
| 营业利润率 | 26.0% | 11.1% |
| 净利率 | 21.9% | -5.9% |
| 营收同比 | 7.3% | 30.5% |
| 净利润同比 | 8.2% | -215.6% |
| 每股收益（稀释后） | $3.10 | $-0.90 |
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FFIVMOD
| Q4 25 | $822.5M | $805.0M | ||
| Q3 25 | $810.1M | $738.9M | ||
| Q2 25 | $780.4M | $682.8M | ||
| Q1 25 | $731.1M | $647.2M | ||
| Q4 24 | $766.5M | $616.8M | ||
| Q3 24 | $746.7M | $658.0M | ||
| Q2 24 | $695.5M | $661.5M | ||
| Q1 24 | $681.4M | $603.5M |
净利润FFIVMOD
| Q4 25 | $180.1M | $-47.4M | ||
| Q3 25 | $190.5M | $44.4M | ||
| Q2 25 | $189.9M | $51.2M | ||
| Q1 25 | $145.5M | $49.6M | ||
| Q4 24 | $166.4M | $41.0M | ||
| Q3 24 | $165.3M | $46.1M | ||
| Q2 24 | $144.1M | $47.3M | ||
| Q1 24 | $119.0M | $25.8M |
毛利率FFIVMOD
| Q4 25 | 81.5% | 23.1% | ||
| Q3 25 | 82.2% | 22.3% | ||
| Q2 25 | 81.0% | 24.2% | ||
| Q1 25 | 80.7% | 25.6% | ||
| Q4 24 | 81.7% | 24.3% | ||
| Q3 24 | 80.8% | 25.2% | ||
| Q2 24 | 80.4% | 24.6% | ||
| Q1 24 | 79.3% | 22.4% |
营业利润率FFIVMOD
| Q4 25 | 26.0% | 11.1% | ||
| Q3 25 | 25.4% | 9.9% | ||
| Q2 25 | 25.2% | 11.1% | ||
| Q1 25 | 21.7% | 11.5% | ||
| Q4 24 | 26.8% | 9.6% | ||
| Q3 24 | 25.6% | 11.4% | ||
| Q2 24 | 23.4% | 11.2% | ||
| Q1 24 | 20.5% | 7.8% |
净利率FFIVMOD
| Q4 25 | 21.9% | -5.9% | ||
| Q3 25 | 23.5% | 6.0% | ||
| Q2 25 | 24.3% | 7.5% | ||
| Q1 25 | 19.9% | 7.7% | ||
| Q4 24 | 21.7% | 6.6% | ||
| Q3 24 | 22.1% | 7.0% | ||
| Q2 24 | 20.7% | 7.2% | ||
| Q1 24 | 17.5% | 4.3% |
每股收益（稀释后）FFIVMOD
| Q4 25 | $3.10 | $-0.90 | ||
| Q3 25 | $3.25 | $0.83 | ||
| Q2 25 | $3.25 | $0.95 | ||
| Q1 25 | $2.48 | $0.92 | ||
| Q4 24 | $2.82 | $0.76 | ||
| Q3 24 | $2.79 | $0.86 | ||
| Q2 24 | $2.44 | $0.88 | ||
| Q1 24 | $2.00 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | — | $570.7M |
| 股东权益账面价值 | $3.5B | $1.1B |
| 总资产 | $6.3B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资FFIVMOD
| Q4 25 | $1.2B | $98.7M | ||
| Q3 25 | $1.3B | $83.8M | ||
| Q2 25 | $1.4B | $124.5M | ||
| Q1 25 | $1.3B | $71.6M | ||
| Q4 24 | $1.2B | $83.8M | ||
| Q3 24 | $1.1B | $78.6M | ||
| Q2 24 | $935.6M | $72.9M | ||
| Q1 24 | $903.5M | $60.1M |
总债务FFIVMOD
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
股东权益FFIVMOD
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.6B | $1.1B | ||
| Q2 25 | $3.5B | $1.0B | ||
| Q1 25 | $3.3B | $910.2M | ||
| Q4 24 | $3.2B | $855.1M | ||
| Q3 24 | $3.1B | $858.8M | ||
| Q2 24 | $3.0B | $788.4M | ||
| Q1 24 | $2.9B | $747.6M |
总资产FFIVMOD
| Q4 25 | $6.3B | $2.5B | ||
| Q3 25 | $6.3B | $2.4B | ||
| Q2 25 | $6.1B | $2.2B | ||
| Q1 25 | $5.9B | $1.9B | ||
| Q4 24 | $5.9B | $1.8B | ||
| Q3 24 | $5.6B | $1.9B | ||
| Q2 24 | $5.4B | $1.9B | ||
| Q1 24 | $5.4B | $1.9B |
负债/权益比FFIVMOD
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $149.5M | $-17.1M |
| 自由现金流率自由现金流/营收 | 18.2% | -2.1% |
| 资本支出强度资本支出/营收 | 1.2% | 5.2% |
| 现金转化率经营现金流/净利润 | 0.88× | — |
| 过去12个月自由现金流最近4个季度 | $861.2M | $-20.3M |
8季度趋势，按日历期对齐
经营现金流FFIVMOD
| Q4 25 | $159.2M | $24.7M | ||
| Q3 25 | $208.1M | $1.4M | ||
| Q2 25 | $282.2M | $27.7M | ||
| Q1 25 | $256.6M | $54.8M | ||
| Q4 24 | $202.8M | $60.7M | ||
| Q3 24 | $246.5M | $57.3M | ||
| Q2 24 | $159.0M | $40.5M | ||
| Q1 24 | $221.6M | $39.6M |
自由现金流FFIVMOD
| Q4 25 | $149.5M | $-17.1M | ||
| Q3 25 | $191.9M | $-30.5M | ||
| Q2 25 | $273.7M | $200.0K | ||
| Q1 25 | $246.1M | $27.1M | ||
| Q4 24 | $194.7M | $44.7M | ||
| Q3 24 | $240.4M | $43.8M | ||
| Q2 24 | $153.1M | $13.7M | ||
| Q1 24 | $212.2M | $-4.3M |
自由现金流率FFIVMOD
| Q4 25 | 18.2% | -2.1% | ||
| Q3 25 | 23.7% | -4.1% | ||
| Q2 25 | 35.1% | 0.0% | ||
| Q1 25 | 33.7% | 4.2% | ||
| Q4 24 | 25.4% | 7.2% | ||
| Q3 24 | 32.2% | 6.7% | ||
| Q2 24 | 22.0% | 2.1% | ||
| Q1 24 | 31.1% | -0.7% |
资本支出强度FFIVMOD
| Q4 25 | 1.2% | 5.2% | ||
| Q3 25 | 2.0% | 4.3% | ||
| Q2 25 | 1.1% | 4.0% | ||
| Q1 25 | 1.4% | 4.3% | ||
| Q4 24 | 1.1% | 2.6% | ||
| Q3 24 | 0.8% | 2.1% | ||
| Q2 24 | 0.8% | 4.1% | ||
| Q1 24 | 1.4% | 7.3% |
现金转化率FFIVMOD
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.09× | 0.03× | ||
| Q2 25 | 1.49× | 0.54× | ||
| Q1 25 | 1.76× | 1.10× | ||
| Q4 24 | 1.22× | 1.48× | ||
| Q3 24 | 1.49× | 1.24× | ||
| Q2 24 | 1.10× | 0.86× | ||
| Q1 24 | 1.86× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
