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F5, Inc.（FFIV）与诺信（NDSN）财务数据对比。点击上方公司名可切换其他公司
F5, Inc.的季度营收约是诺信的1.1倍（$822.5M vs $751.8M），F5, Inc.净利率更高（21.9% vs 20.2%，领先1.7%），F5, Inc.同比增速更快（7.3% vs 1.0%），诺信自由现金流更多（$193.9M vs $149.5M），过去两年F5, Inc.的营收复合增速更高（9.9% vs 9.0%）
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。
诺信（Nordson Corporation）是总部位于美国的跨国企业，专业设计生产民用及工业场景使用的胶粘剂、密封剂、涂料喷涂设备，同时生产电子元器件检测设备、固化及表面处理技术系统，还布局了医疗设备与组件技术相关业务。
FFIV vs NDSN — 直观对比
营收规模更大
FFIV
是对方的1.1倍
$751.8M
营收增速更快
FFIV
高出6.3%
1.0%
净利率更高
FFIV
高出1.7%
20.2%
自由现金流更多
NDSN
多$44.4M
$149.5M
两年增速更快
FFIV
近两年复合增速
9.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $822.5M | $751.8M |
| 净利润 | $180.1M | $151.6M |
| 毛利率 | 81.5% | 56.3% |
| 营业利润率 | 26.0% | 28.5% |
| 净利率 | 21.9% | 20.2% |
| 营收同比 | 7.3% | 1.0% |
| 净利润同比 | 8.2% | 24.1% |
| 每股收益（稀释后） | $3.10 | $2.67 |
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FFIVNDSN
| Q4 25 | $822.5M | $751.8M | ||
| Q3 25 | $810.1M | $741.5M | ||
| Q2 25 | $780.4M | $682.9M | ||
| Q1 25 | $731.1M | $615.4M | ||
| Q4 24 | $766.5M | $744.5M | ||
| Q3 24 | $746.7M | $661.6M | ||
| Q2 24 | $695.5M | $650.6M | ||
| Q1 24 | $681.4M | $633.2M |
净利润FFIVNDSN
| Q4 25 | $180.1M | $151.6M | ||
| Q3 25 | $190.5M | $125.8M | ||
| Q2 25 | $189.9M | $112.4M | ||
| Q1 25 | $145.5M | $94.7M | ||
| Q4 24 | $166.4M | $122.2M | ||
| Q3 24 | $165.3M | $117.3M | ||
| Q2 24 | $144.1M | $118.2M | ||
| Q1 24 | $119.0M | $109.6M |
毛利率FFIVNDSN
| Q4 25 | 81.5% | 56.3% | ||
| Q3 25 | 82.2% | 54.8% | ||
| Q2 25 | 81.0% | 54.7% | ||
| Q1 25 | 80.7% | 54.6% | ||
| Q4 24 | 81.7% | 54.1% | ||
| Q3 24 | 80.8% | 55.8% | ||
| Q2 24 | 80.4% | 56.2% | ||
| Q1 24 | 79.3% | 55.0% |
营业利润率FFIVNDSN
| Q4 25 | 26.0% | 28.5% | ||
| Q3 25 | 25.4% | 25.3% | ||
| Q2 25 | 25.2% | 24.7% | ||
| Q1 25 | 21.7% | 22.9% | ||
| Q4 24 | 26.8% | 24.0% | ||
| Q3 24 | 25.6% | 25.3% | ||
| Q2 24 | 23.4% | 25.9% | ||
| Q1 24 | 20.5% | 25.2% |
净利率FFIVNDSN
| Q4 25 | 21.9% | 20.2% | ||
| Q3 25 | 23.5% | 17.0% | ||
| Q2 25 | 24.3% | 16.5% | ||
| Q1 25 | 19.9% | 15.4% | ||
| Q4 24 | 21.7% | 16.4% | ||
| Q3 24 | 22.1% | 17.7% | ||
| Q2 24 | 20.7% | 18.2% | ||
| Q1 24 | 17.5% | 17.3% |
每股收益（稀释后）FFIVNDSN
| Q4 25 | $3.10 | $2.67 | ||
| Q3 25 | $3.25 | $2.22 | ||
| Q2 25 | $3.25 | $1.97 | ||
| Q1 25 | $2.48 | $1.65 | ||
| Q4 24 | $2.82 | $2.12 | ||
| Q3 24 | $2.79 | $2.04 | ||
| Q2 24 | $2.44 | $2.05 | ||
| Q1 24 | $2.00 | $1.90 |
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 | $108.4M |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $3.5B | $3.0B |
| 总资产 | $6.3B | $5.9B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资FFIVNDSN
| Q4 25 | $1.2B | $108.4M | ||
| Q3 25 | $1.3B | $147.8M | ||
| Q2 25 | $1.4B | $130.2M | ||
| Q1 25 | $1.3B | $130.4M | ||
| Q4 24 | $1.2B | $116.0M | ||
| Q3 24 | $1.1B | $165.3M | ||
| Q2 24 | $935.6M | $125.4M | ||
| Q1 24 | $903.5M | $136.2M |
总债务FFIVNDSN
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.6B |
股东权益FFIVNDSN
| Q4 25 | $3.5B | $3.0B | ||
| Q3 25 | $3.6B | $3.0B | ||
| Q2 25 | $3.5B | $3.0B | ||
| Q1 25 | $3.3B | $2.9B | ||
| Q4 24 | $3.2B | $2.9B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $3.0B | $2.8B | ||
| Q1 24 | $2.9B | $2.7B |
总资产FFIVNDSN
| Q4 25 | $6.3B | $5.9B | ||
| Q3 25 | $6.3B | $6.0B | ||
| Q2 25 | $6.1B | $6.1B | ||
| Q1 25 | $5.9B | $5.9B | ||
| Q4 24 | $5.9B | $6.0B | ||
| Q3 24 | $5.6B | $5.2B | ||
| Q2 24 | $5.4B | $5.2B | ||
| Q1 24 | $5.4B | $5.2B |
负债/权益比FFIVNDSN
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | 0.74× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.60× |
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 | $202.9M |
| 自由现金流经营现金流 - 资本支出 | $149.5M | $193.9M |
| 自由现金流率自由现金流/营收 | 18.2% | 25.8% |
| 资本支出强度资本支出/营收 | 1.2% | 1.2% |
| 现金转化率经营现金流/净利润 | 0.88× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $861.2M | $661.1M |
8季度趋势，按日历期对齐
经营现金流FFIVNDSN
| Q4 25 | $159.2M | $202.9M | ||
| Q3 25 | $208.1M | $238.0M | ||
| Q2 25 | $282.2M | $119.2M | ||
| Q1 25 | $256.6M | $159.1M | ||
| Q4 24 | $202.8M | $96.4M | ||
| Q3 24 | $246.5M | $164.8M | ||
| Q2 24 | $159.0M | $122.6M | ||
| Q1 24 | $221.6M | $172.4M |
自由现金流FFIVNDSN
| Q4 25 | $149.5M | $193.9M | ||
| Q3 25 | $191.9M | $226.4M | ||
| Q2 25 | $273.7M | $103.1M | ||
| Q1 25 | $246.1M | $137.7M | ||
| Q4 24 | $194.7M | $75.8M | ||
| Q3 24 | $240.4M | $143.0M | ||
| Q2 24 | $153.1M | $108.2M | ||
| Q1 24 | $212.2M | $164.8M |
自由现金流率FFIVNDSN
| Q4 25 | 18.2% | 25.8% | ||
| Q3 25 | 23.7% | 30.5% | ||
| Q2 25 | 35.1% | 15.1% | ||
| Q1 25 | 33.7% | 22.4% | ||
| Q4 24 | 25.4% | 10.2% | ||
| Q3 24 | 32.2% | 21.6% | ||
| Q2 24 | 22.0% | 16.6% | ||
| Q1 24 | 31.1% | 26.0% |
资本支出强度FFIVNDSN
| Q4 25 | 1.2% | 1.2% | ||
| Q3 25 | 2.0% | 1.6% | ||
| Q2 25 | 1.1% | 2.3% | ||
| Q1 25 | 1.4% | 3.5% | ||
| Q4 24 | 1.1% | 2.8% | ||
| Q3 24 | 0.8% | 3.3% | ||
| Q2 24 | 0.8% | 2.2% | ||
| Q1 24 | 1.4% | 1.2% |
现金转化率FFIVNDSN
| Q4 25 | 0.88× | 1.34× | ||
| Q3 25 | 1.09× | 1.89× | ||
| Q2 25 | 1.49× | 1.06× | ||
| Q1 25 | 1.76× | 1.68× | ||
| Q4 24 | 1.22× | 0.79× | ||
| Q3 24 | 1.49× | 1.41× | ||
| Q2 24 | 1.10× | 1.04× | ||
| Q1 24 | 1.86× | 1.57× |
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% |
NDSN
| Advanced Technology Systems | $624.5M | 83% |
| Other | $127.3M | 17% |
