vs
Fair Isaac（FICO）与飞塔（FTNT）财务数据对比。点击上方公司名可切换其他公司
飞塔的季度营收约是Fair Isaac的3.7倍（$1.9B vs $512.0M），Fair Isaac净利率更高（30.9% vs 26.6%，领先4.4%），Fair Isaac同比增速更快（16.4% vs 14.8%），飞塔自由现金流更多（$577.4M vs $173.9M），过去两年飞塔的营收复合增速更高（18.6% vs 8.6%）
FICO（原Fair, Isaac and Company）是美国知名数据分析企业，1956年由比尔·费尔与厄尔·艾萨克创立，总部位于蒙大拿州博兹曼市，核心业务为信用评分服务，其推出的FICO信用分是评估消费者信贷风险的重要指标，目前已被美国消费信贷行业广泛采用。
飞塔（Fortinet）是总部位于美国加利福尼亚州森尼韦尔的网络安全企业，专注于研发与销售防火墙、终端安全、入侵检测系统等各类网络安全产品，目前在美国、加拿大、英国等多个国家设有办事机构。
FICO vs FTNT — 直观对比
营收规模更大
FTNT
是对方的3.7倍
$512.0M
营收增速更快
FICO
高出1.6%
14.8%
净利率更高
FICO
高出4.4%
26.6%
自由现金流更多
FTNT
多$403.5M
$173.9M
两年增速更快
FTNT
近两年复合增速
8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $512.0M | $1.9B |
| 净利润 | $158.4M | $506.0M |
| 毛利率 | 83.0% | 79.6% |
| 营业利润率 | 45.7% | 32.8% |
| 净利率 | 30.9% | 26.6% |
| 营收同比 | 16.4% | 14.8% |
| 净利润同比 | 3.8% | -3.8% |
| 每股收益（稀释后） | $6.61 | $0.67 |
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FICOFTNT
| Q4 25 | $512.0M | $1.9B | ||
| Q3 25 | $515.8M | $1.7B | ||
| Q2 25 | $536.4M | $1.6B | ||
| Q1 25 | $498.7M | $1.5B | ||
| Q4 24 | $440.0M | $1.7B | ||
| Q3 24 | $453.8M | $1.5B | ||
| Q2 24 | $447.8M | $1.4B | ||
| Q1 24 | $433.8M | $1.4B |
净利润FICOFTNT
| Q4 25 | $158.4M | $506.0M | ||
| Q3 25 | $155.0M | $473.9M | ||
| Q2 25 | $181.8M | $440.1M | ||
| Q1 25 | $162.6M | $433.4M | ||
| Q4 24 | $152.5M | $526.2M | ||
| Q3 24 | $135.7M | $539.9M | ||
| Q2 24 | $126.3M | $379.8M | ||
| Q1 24 | $129.8M | $299.3M |
毛利率FICOFTNT
| Q4 25 | 83.0% | 79.6% | ||
| Q3 25 | 82.3% | 80.8% | ||
| Q2 25 | 83.7% | 80.7% | ||
| Q1 25 | 82.4% | 81.0% | ||
| Q4 24 | 80.1% | 81.1% | ||
| Q3 24 | 80.3% | 82.5% | ||
| Q2 24 | 80.3% | 80.8% | ||
| Q1 24 | 80.0% | 77.5% |
营业利润率FICOFTNT
| Q4 25 | 45.7% | 32.8% | ||
| Q3 25 | 46.0% | 31.7% | ||
| Q2 25 | 48.9% | 28.1% | ||
| Q1 25 | 49.3% | 29.5% | ||
| Q4 24 | 40.8% | 34.6% | ||
| Q3 24 | 43.4% | 31.2% | ||
| Q2 24 | 42.5% | 30.5% | ||
| Q1 24 | 44.9% | 23.7% |
净利率FICOFTNT
| Q4 25 | 30.9% | 26.6% | ||
| Q3 25 | 30.1% | 27.5% | ||
| Q2 25 | 33.9% | 27.0% | ||
| Q1 25 | 32.6% | 28.1% | ||
| Q4 24 | 34.7% | 31.7% | ||
| Q3 24 | 29.9% | 35.8% | ||
| Q2 24 | 28.2% | 26.5% | ||
| Q1 24 | 29.9% | 22.1% |
每股收益（稀释后）FICOFTNT
| Q4 25 | $6.61 | $0.67 | ||
| Q3 25 | $6.41 | $0.62 | ||
| Q2 25 | $7.40 | $0.57 | ||
| Q1 25 | $6.59 | $0.56 | ||
| Q4 24 | $6.14 | $0.68 | ||
| Q3 24 | $5.44 | $0.70 | ||
| Q2 24 | $5.05 | $0.49 | ||
| Q1 24 | $5.16 | $0.39 |
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 | $162.0M | $2.5B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $-1.8B | $1.2B |
| 总资产 | $1.9B | $10.4B |
| 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FICOFTNT
| Q4 25 | $162.0M | $2.5B | ||
| Q3 25 | $134.1M | $2.0B | ||
| Q2 25 | $189.0M | $3.4B | ||
| Q1 25 | $146.6M | $3.6B | ||
| Q4 24 | $184.3M | $2.9B | ||
| Q3 24 | $150.7M | $2.5B | ||
| Q2 24 | $156.0M | $2.2B | ||
| Q1 24 | $135.7M | $1.9B |
总债务FICOFTNT
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.0B | — |
股东权益FICOFTNT
| Q4 25 | $-1.8B | $1.2B | ||
| Q3 25 | $-1.7B | $735.1M | ||
| Q2 25 | $-1.4B | $2.1B | ||
| Q1 25 | $-1.1B | $2.0B | ||
| Q4 24 | $-1.1B | $1.5B | ||
| Q3 24 | $-962.7M | $908.1M | ||
| Q2 24 | $-829.3M | $288.2M | ||
| Q1 24 | $-735.7M | $-137.5M |
总资产FICOFTNT
| Q4 25 | $1.9B | $10.4B | ||
| Q3 25 | $1.9B | $9.4B | ||
| Q2 25 | $1.9B | $10.6B | ||
| Q1 25 | $1.8B | $10.4B | ||
| Q4 24 | $1.7B | $9.8B | ||
| Q3 24 | $1.7B | $8.9B | ||
| Q2 24 | $1.7B | $8.1B | ||
| Q1 24 | $1.7B | $7.7B |
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 | $174.1M | $620.2M |
| 自由现金流经营现金流 - 资本支出 | $173.9M | $577.4M |
| 自由现金流率自由现金流/营收 | 34.0% | 30.3% |
| 资本支出强度资本支出/营收 | 0.0% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.10× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $750.6M | $2.2B |
8季度趋势，按日历期对齐
经营现金流FICOFTNT
| Q4 25 | $174.1M | $620.2M | ||
| Q3 25 | $223.7M | $655.2M | ||
| Q2 25 | $286.2M | $451.9M | ||
| Q1 25 | $74.9M | $863.3M | ||
| Q4 24 | $194.0M | $477.6M | ||
| Q3 24 | $226.5M | $608.1M | ||
| Q2 24 | $213.3M | $342.0M | ||
| Q1 24 | $71.0M | $830.4M |
自由现金流FICOFTNT
| Q4 25 | $173.9M | $577.4M | ||
| Q3 25 | $219.5M | $567.5M | ||
| Q2 25 | $284.4M | $284.1M | ||
| Q1 25 | $72.8M | $796.8M | ||
| Q4 24 | $193.2M | $380.0M | ||
| Q3 24 | $224.7M | $571.8M | ||
| Q2 24 | $211.6M | $318.9M | ||
| Q1 24 | $67.0M | $608.5M |
自由现金流率FICOFTNT
| Q4 25 | 34.0% | 30.3% | ||
| Q3 25 | 42.6% | 32.9% | ||
| Q2 25 | 53.0% | 17.4% | ||
| Q1 25 | 14.6% | 51.8% | ||
| Q4 24 | 43.9% | 22.9% | ||
| Q3 24 | 49.5% | 37.9% | ||
| Q2 24 | 47.2% | 22.2% | ||
| Q1 24 | 15.4% | 45.0% |
资本支出强度FICOFTNT
| Q4 25 | 0.0% | 2.2% | ||
| Q3 25 | 0.8% | 5.1% | ||
| Q2 25 | 0.3% | 10.3% | ||
| Q1 25 | 0.4% | 4.3% | ||
| Q4 24 | 0.2% | 5.9% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 0.4% | 1.6% | ||
| Q1 24 | 0.9% | 16.4% |
现金转化率FICOFTNT
| Q4 25 | 1.10× | 1.23× | ||
| Q3 25 | 1.44× | 1.38× | ||
| Q2 25 | 1.57× | 1.03× | ||
| Q1 25 | 0.46× | 1.99× | ||
| Q4 24 | 1.27× | 0.91× | ||
| Q3 24 | 1.67× | 1.13× | ||
| Q2 24 | 1.69× | 0.90× | ||
| Q1 24 | 0.55× | 2.77× |
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
FICO
| Business To Business Scores | $248.6M | 49% |
| Saa S Products | $115.7M | 23% |
| Platform Software | $73.9M | 14% |
| Business To Consumer Scores | $55.9M | 11% |
| Technology Service | $19.2M | 4% |
FTNT
| Services | $1.2B | 64% |
| Security Subscription | $693.7M | 36% |
