vs
Fabrinet（FN）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
Fabrinet的季度营收约是第一太阳能的1.1倍（$1.1B vs $1.0B），第一太阳能净利率更高（33.2% vs 9.9%，领先23.3%），Fabrinet同比增速更快（35.9% vs 23.6%），过去两年Fabrinet的营收复合增速更高（24.4% vs 1.7%）
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
FN vs FSLR — 直观对比
营收规模更大
FN
是对方的1.1倍
$1.0B
营收增速更快
FN
高出12.3%
23.6%
净利率更高
FSLR
高出23.3%
9.9%
两年增速更快
FN
近两年复合增速
1.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $112.6M | $346.6M |
| 毛利率 | 12.2% | 46.6% |
| 营业利润率 | 10.1% | 33.1% |
| 净利率 | 9.9% | 33.2% |
| 营收同比 | 35.9% | 23.6% |
| 净利润同比 | 30.0% | 65.4% |
| 每股收益（稀释后） | $3.11 | $3.22 |
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FNFSLR
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $978.1M | $1.6B | ||
| Q2 25 | $909.7M | $1.1B | ||
| Q1 25 | $871.8M | $844.6M | ||
| Q4 24 | $833.6M | $1.5B | ||
| Q3 24 | $804.2M | $887.7M | ||
| Q2 24 | $753.3M | $1.0B |
净利润FNFSLR
| Q1 26 | — | $346.6M | ||
| Q4 25 | $112.6M | $520.9M | ||
| Q3 25 | $95.9M | $455.9M | ||
| Q2 25 | $87.2M | $341.9M | ||
| Q1 25 | $81.3M | $209.5M | ||
| Q4 24 | $86.6M | $393.1M | ||
| Q3 24 | $77.4M | $313.0M | ||
| Q2 24 | $81.1M | $349.4M |
毛利率FNFSLR
| Q1 26 | — | 46.6% | ||
| Q4 25 | 12.2% | 39.5% | ||
| Q3 25 | 11.9% | 38.3% | ||
| Q2 25 | 12.2% | 45.6% | ||
| Q1 25 | 11.7% | 40.8% | ||
| Q4 24 | 12.1% | 37.5% | ||
| Q3 24 | 12.3% | 50.2% | ||
| Q2 24 | 12.3% | 49.4% |
营业利润率FNFSLR
| Q1 26 | — | 33.1% | ||
| Q4 25 | 10.1% | 32.6% | ||
| Q3 25 | 9.6% | 29.2% | ||
| Q2 25 | 9.8% | 33.0% | ||
| Q1 25 | 9.0% | 26.2% | ||
| Q4 24 | 9.5% | 30.2% | ||
| Q3 24 | 9.6% | 36.3% | ||
| Q2 24 | 9.7% | 36.9% |
净利率FNFSLR
| Q1 26 | — | 33.2% | ||
| Q4 25 | 9.9% | 31.0% | ||
| Q3 25 | 9.8% | 28.6% | ||
| Q2 25 | 9.6% | 31.2% | ||
| Q1 25 | 9.3% | 24.8% | ||
| Q4 24 | 10.4% | 26.0% | ||
| Q3 24 | 9.6% | 35.3% | ||
| Q2 24 | 10.8% | 34.6% |
每股收益（稀释后）FNFSLR
| Q1 26 | — | $3.22 | ||
| Q4 25 | $3.11 | $4.84 | ||
| Q3 25 | $2.66 | $4.24 | ||
| Q2 25 | $2.41 | $3.18 | ||
| Q1 25 | $2.25 | $1.95 | ||
| Q4 24 | $2.38 | $3.66 | ||
| Q3 24 | $2.13 | $2.91 | ||
| Q2 24 | $2.22 | $3.25 |
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 | $960.8M | $2.4B |
| 总债务越低越好 | — | $425.8M |
| 股东权益账面价值 | $2.2B | $9.9B |
| 总资产 | $3.3B | $13.4B |
| 负债/权益比越低杠杆越低 | — | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资FNFSLR
| Q1 26 | — | $2.4B | ||
| Q4 25 | $960.8M | $2.8B | ||
| Q3 25 | $968.8M | $2.0B | ||
| Q2 25 | $934.2M | $1.1B | ||
| Q1 25 | $950.7M | $837.6M | ||
| Q4 24 | $934.6M | $1.6B | ||
| Q3 24 | $908.9M | $1.0B | ||
| Q2 24 | $858.6M | $1.7B |
总债务FNFSLR
| Q1 26 | — | $425.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FNFSLR
| Q1 26 | — | $9.9B | ||
| Q4 25 | $2.2B | $9.5B | ||
| Q3 25 | $2.1B | $9.0B | ||
| Q2 25 | $2.0B | $8.5B | ||
| Q1 25 | $1.9B | $8.2B | ||
| Q4 24 | $1.8B | $8.0B | ||
| Q3 24 | $1.8B | $7.6B | ||
| Q2 24 | $1.7B | $7.3B |
总资产FNFSLR
| Q1 26 | — | $13.4B | ||
| Q4 25 | $3.3B | $13.3B | ||
| Q3 25 | $3.0B | $13.5B | ||
| Q2 25 | $2.8B | $12.9B | ||
| Q1 25 | $2.6B | $12.1B | ||
| Q4 24 | $2.5B | $12.1B | ||
| Q3 24 | $2.4B | $11.4B | ||
| Q2 24 | $2.3B | $11.0B |
负债/权益比FNFSLR
| Q1 26 | — | 0.04× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $46.3M | $-214.9M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | — |
| 自由现金流率自由现金流/营收 | -0.5% | — |
| 资本支出强度资本支出/营收 | 4.6% | — |
| 现金转化率经营现金流/净利润 | 0.41× | -0.62× |
| 过去12个月自由现金流最近4个季度 | $102.3M | — |
8季度趋势，按日历期对齐
经营现金流FNFSLR
| Q1 26 | — | $-214.9M | ||
| Q4 25 | $46.3M | $1.2B | ||
| Q3 25 | $102.6M | $1.3B | ||
| Q2 25 | $55.1M | $149.6M | ||
| Q1 25 | $74.2M | $-608.0M | ||
| Q4 24 | $115.9M | $811.0M | ||
| Q3 24 | $83.2M | $-53.7M | ||
| Q2 24 | $83.1M | $193.0M |
自由现金流FNFSLR
| Q1 26 | — | — | ||
| Q4 25 | $-5.3M | $1.1B | ||
| Q3 25 | $57.3M | $1.1B | ||
| Q2 25 | $4.7M | $-138.6M | ||
| Q1 25 | $45.7M | $-813.9M | ||
| Q4 24 | $94.0M | $497.5M | ||
| Q3 24 | $62.9M | $-487.7M | ||
| Q2 24 | $70.4M | $-172.1M |
自由现金流率FNFSLR
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 63.6% | ||
| Q3 25 | 5.9% | 67.1% | ||
| Q2 25 | 0.5% | -12.6% | ||
| Q1 25 | 5.2% | -96.4% | ||
| Q4 24 | 11.3% | 32.9% | ||
| Q3 24 | 7.8% | -54.9% | ||
| Q2 24 | 9.3% | -17.0% |
资本支出强度FNFSLR
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 10.2% | ||
| Q3 25 | 4.6% | 12.8% | ||
| Q2 25 | 5.5% | 26.3% | ||
| Q1 25 | 3.3% | 24.4% | ||
| Q4 24 | 2.6% | 20.7% | ||
| Q3 24 | 2.5% | 48.9% | ||
| Q2 24 | 1.7% | 36.1% |
现金转化率FNFSLR
| Q1 26 | — | -0.62× | ||
| Q4 25 | 0.41× | 2.38× | ||
| Q3 25 | 1.07× | 2.79× | ||
| Q2 25 | 0.63× | 0.44× | ||
| Q1 25 | 0.91× | -2.90× | ||
| Q4 24 | 1.34× | 2.06× | ||
| Q3 24 | 1.07× | -0.17× | ||
| Q2 24 | 1.02× | 0.55× |
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
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
FSLR
暂无分部数据
