vs
Fabrinet（FN）与FULLER H B CO（FUL）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FULLER H B CO的1.3倍（$1.1B vs $892.0M），Fabrinet净利率更高（9.9% vs 7.5%，领先2.4%），Fabrinet同比增速更快（35.9% vs -2.8%），FULLER H B CO自由现金流更多（$68.9M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 5.0%）
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。
H.B.富勒公司是总部位于美国明尼苏达州圣保罗的跨国粘合剂制造企业，全球第四大粘合剂及密封剂生产商。公司拥有超过20000种产品，广泛应用于建筑、工程、电子、卫生用品、食品包装等领域，在26个国家设有81座生产基地，2024年员工规模约7500人。
FN vs FUL — 直观对比
营收规模更大
FN
是对方的1.3倍
$892.0M
营收增速更快
FN
高出38.7%
-2.8%
净利率更高
FN
高出2.4%
7.5%
自由现金流更多
FUL
多$74.3M
$-5.3M
两年增速更快
FN
近两年复合增速
5.0%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $892.0M |
| 净利润 | $112.6M | $67.2M |
| 毛利率 | 12.2% | 32.0% |
| 营业利润率 | 10.1% | 12.3% |
| 净利率 | 9.9% | 7.5% |
| 营收同比 | 35.9% | -2.8% |
| 净利润同比 | 30.0% | 21.3% |
| 每股收益（稀释后） | $3.11 | $1.22 |
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FNFUL
| Q4 25 | $1.1B | — | ||
| Q3 25 | $978.1M | $892.0M | ||
| Q2 25 | $909.7M | $898.1M | ||
| Q1 25 | $871.8M | — | ||
| Q4 24 | $833.6M | — | ||
| Q3 24 | $804.2M | $917.9M | ||
| Q2 24 | $753.3M | — | ||
| Q1 24 | $731.5M | $810.4M |
净利润FNFUL
| Q4 25 | $112.6M | — | ||
| Q3 25 | $95.9M | $67.2M | ||
| Q2 25 | $87.2M | $41.8M | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $86.6M | — | ||
| Q3 24 | $77.4M | $55.4M | ||
| Q2 24 | $81.1M | — | ||
| Q1 24 | $80.9M | $31.0M |
毛利率FNFUL
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | 32.0% | ||
| Q2 25 | 12.2% | 31.9% | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | 30.0% | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | 29.5% |
营业利润率FNFUL
| Q4 25 | 10.1% | — | ||
| Q3 25 | 9.6% | 12.3% | ||
| Q2 25 | 9.8% | 11.1% | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 9.6% | 11.4% | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 9.7% | 8.3% |
净利率FNFUL
| Q4 25 | 9.9% | — | ||
| Q3 25 | 9.8% | 7.5% | ||
| Q2 25 | 9.6% | 4.7% | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 9.6% | 6.0% | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 11.1% | 3.8% |
每股收益（稀释后）FNFUL
| Q4 25 | $3.11 | — | ||
| Q3 25 | $2.66 | $1.22 | ||
| Q2 25 | $2.41 | $0.76 | ||
| Q1 25 | $2.25 | — | ||
| Q4 24 | $2.38 | — | ||
| Q3 24 | $2.13 | $0.98 | ||
| Q2 24 | $2.22 | — | ||
| Q1 24 | $2.21 | $0.55 |
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 | $122.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | $2.0B |
| 总资产 | $3.3B | $5.2B |
| 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FNFUL
| Q4 25 | $960.8M | — | ||
| Q3 25 | $968.8M | $122.5M | ||
| Q2 25 | $934.2M | $96.8M | ||
| Q1 25 | $950.7M | — | ||
| Q4 24 | $934.6M | — | ||
| Q3 24 | $908.9M | $131.4M | ||
| Q2 24 | $858.6M | — | ||
| Q1 24 | $794.0M | $165.2M |
股东权益FNFUL
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.0B | $1.9B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | $1.8B |
总资产FNFUL
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.0B | $5.2B | ||
| Q2 25 | $2.8B | $5.1B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | $5.0B | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.2B | $4.7B |
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 | $46.3M | $99.0M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $68.9M |
| 自由现金流率自由现金流/营收 | -0.5% | 7.7% |
| 资本支出强度资本支出/营收 | 4.6% | 3.4% |
| 现金转化率经营现金流/净利润 | 0.41× | 1.47× |
| 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FNFUL
| Q4 25 | $46.3M | — | ||
| Q3 25 | $102.6M | $99.0M | ||
| Q2 25 | $55.1M | — | ||
| Q1 25 | $74.2M | — | ||
| Q4 24 | $115.9M | — | ||
| Q3 24 | $83.2M | $169.4M | ||
| Q2 24 | $83.1M | — | ||
| Q1 24 | $100.9M | $47.4M |
自由现金流FNFUL
| Q4 25 | $-5.3M | — | ||
| Q3 25 | $57.3M | $68.9M | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $45.7M | — | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $62.9M | $99.9M | ||
| Q2 24 | $70.4M | — | ||
| Q1 24 | $87.3M | $4.1M |
自由现金流率FNFUL
| Q4 25 | -0.5% | — | ||
| Q3 25 | 5.9% | 7.7% | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 7.8% | 10.9% | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | 11.9% | 0.5% |
资本支出强度FNFUL
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.6% | 3.4% | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | 7.6% | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.9% | 5.3% |
现金转化率FNFUL
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | 1.47× | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | 3.06× | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 1.25× | 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
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
FUL
| Hygiene Health And Consumable Adhesives | $386.1M | 43% |
| Engineering Adhesives | $272.3M | 31% |
| Building Adhesives Solutions | $233.7M | 26% |
