vs
Fabrinet（FN）与GLOBAL PARTNERS LP（GLP）财务数据对比。点击上方公司名可切换其他公司
GLOBAL PARTNERS LP的季度营收约是Fabrinet的2.0倍（$2.2B vs $1.1B），Fabrinet净利率更高（9.9% vs 1.1%，领先8.8%），Fabrinet同比增速更快（35.9% vs 7.0%），GLOBAL PARTNERS LP自由现金流更多（$62.2M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 0.2%）
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。
Global Partners LP是一家美国能源供应企业，2018年位列《财富》世界500强第361位，采用业主有限合伙制架构，核心业务为石油产品进口，深耕北美市场开展营销活动，批发的产品涵盖原油、柴油、汽油、取暖油及煤油等品类。
FN vs GLP — 直观对比
营收规模更大
GLP
是对方的2.0倍
$1.1B
营收增速更快
FN
高出28.9%
7.0%
净利率更高
FN
高出8.8%
1.1%
自由现金流更多
GLP
多$67.6M
$-5.3M
两年增速更快
FN
近两年复合增速
0.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.2B |
| 净利润 | $112.6M | $25.1M |
| 毛利率 | 12.2% | 11.9% |
| 营业利润率 | 10.1% | 2.6% |
| 净利率 | 9.9% | 1.1% |
| 营收同比 | 35.9% | 7.0% |
| 净利润同比 | 30.0% | 5.0% |
| 每股收益（稀释后） | $3.11 | — |
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FNGLP
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $978.1M | $2.2B | ||
| Q2 25 | $909.7M | $2.1B | ||
| Q1 25 | $871.8M | $2.2B | ||
| Q4 24 | $833.6M | $2.1B | ||
| Q3 24 | $804.2M | $2.1B | ||
| Q2 24 | $753.3M | $2.3B | ||
| Q1 24 | $731.5M | $2.2B |
净利润FNGLP
| Q4 25 | $112.6M | $25.1M | ||
| Q3 25 | $95.9M | $29.0M | ||
| Q2 25 | $87.2M | $25.2M | ||
| Q1 25 | $81.3M | $18.7M | ||
| Q4 24 | $86.6M | $23.9M | ||
| Q3 24 | $77.4M | $45.9M | ||
| Q2 24 | $81.1M | $46.1M | ||
| Q1 24 | $80.9M | $-5.6M |
毛利率FNGLP
| Q4 25 | 12.2% | 11.9% | ||
| Q3 25 | 11.9% | 12.1% | ||
| Q2 25 | 12.2% | 13.1% | ||
| Q1 25 | 11.7% | 11.7% | ||
| Q4 24 | 12.1% | 13.0% | ||
| Q3 24 | 12.3% | 13.4% | ||
| Q2 24 | 12.3% | 12.6% | ||
| Q1 24 | 12.4% | 9.8% |
营业利润率FNGLP
| Q4 25 | 10.1% | 2.6% | ||
| Q3 25 | 9.6% | 2.7% | ||
| Q2 25 | 9.8% | 2.9% | ||
| Q1 25 | 9.0% | 2.6% | ||
| Q4 24 | 9.5% | 2.8% | ||
| Q3 24 | 9.6% | 3.9% | ||
| Q2 24 | 9.7% | 3.7% | ||
| Q1 24 | 9.7% | 1.2% |
净利率FNGLP
| Q4 25 | 9.9% | 1.1% | ||
| Q3 25 | 9.8% | 1.3% | ||
| Q2 25 | 9.6% | 1.2% | ||
| Q1 25 | 9.3% | 0.9% | ||
| Q4 24 | 10.4% | 1.2% | ||
| Q3 24 | 9.6% | 2.1% | ||
| Q2 24 | 10.8% | 2.0% | ||
| Q1 24 | 11.1% | -0.3% |
每股收益（稀释后）FNGLP
| Q4 25 | $3.11 | — | ||
| Q3 25 | $2.66 | — | ||
| Q2 25 | $2.41 | — | ||
| Q1 25 | $2.25 | — | ||
| Q4 24 | $2.38 | — | ||
| Q3 24 | $2.13 | — | ||
| Q2 24 | $2.22 | — | ||
| Q1 24 | $2.21 | — |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | — |
| 总资产 | $3.3B | $3.9B |
| 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FNGLP
| Q4 25 | $960.8M | — | ||
| Q3 25 | $968.8M | — | ||
| Q2 25 | $934.2M | — | ||
| Q1 25 | $950.7M | — | ||
| Q4 24 | $934.6M | — | ||
| Q3 24 | $908.9M | — | ||
| Q2 24 | $858.6M | — | ||
| Q1 24 | $794.0M | — |
股东权益FNGLP
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
总资产FNGLP
| Q4 25 | $3.3B | $3.9B | ||
| Q3 25 | $3.0B | $3.7B | ||
| Q2 25 | $2.8B | $3.8B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | $2.4B | $3.7B | ||
| Q2 24 | $2.3B | $3.8B | ||
| Q1 24 | $2.2B | $3.5B |
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 | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $62.2M |
| 自由现金流率自由现金流/营收 | -0.5% | 2.8% |
| 资本支出强度资本支出/营收 | 4.6% | 1.8% |
| 现金转化率经营现金流/净利润 | 0.41× | 4.03× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $193.3M |
8季度趋势，按日历期对齐
经营现金流FNGLP
| Q4 25 | $46.3M | $101.0M | ||
| Q3 25 | $102.6M | $19.0M | ||
| Q2 25 | $55.1M | $216.3M | ||
| Q1 25 | $74.2M | $-51.6M | ||
| Q4 24 | $115.9M | $67.2M | ||
| Q3 24 | $83.2M | $122.7M | ||
| Q2 24 | $83.1M | $24.3M | ||
| Q1 24 | $100.9M | $-182.7M |
自由现金流FNGLP
| Q4 25 | $-5.3M | $62.2M | ||
| Q3 25 | $57.3M | $-678.0K | ||
| Q2 25 | $4.7M | $201.3M | ||
| Q1 25 | $45.7M | $-69.5M | ||
| Q4 24 | $94.0M | $20.4M | ||
| Q3 24 | $62.9M | $98.4M | ||
| Q2 24 | $70.4M | $8.7M | ||
| Q1 24 | $87.3M | $-199.3M |
自由现金流率FNGLP
| Q4 25 | -0.5% | 2.8% | ||
| Q3 25 | 5.9% | -0.0% | ||
| Q2 25 | 0.5% | 9.7% | ||
| Q1 25 | 5.2% | -3.2% | ||
| Q4 24 | 11.3% | 1.0% | ||
| Q3 24 | 7.8% | 4.6% | ||
| Q2 24 | 9.3% | 0.4% | ||
| Q1 24 | 11.9% | -9.0% |
资本支出强度FNGLP
| Q4 25 | 4.6% | 1.8% | ||
| Q3 25 | 4.6% | 0.9% | ||
| Q2 25 | 5.5% | 0.7% | ||
| Q1 25 | 3.3% | 0.8% | ||
| Q4 24 | 2.6% | 2.3% | ||
| Q3 24 | 2.5% | 1.1% | ||
| Q2 24 | 1.7% | 0.7% | ||
| Q1 24 | 1.9% | 0.8% |
现金转化率FNGLP
| Q4 25 | 0.41× | 4.03× | ||
| Q3 25 | 1.07× | 0.66× | ||
| Q2 25 | 0.63× | 8.58× | ||
| Q1 25 | 0.91× | -2.76× | ||
| Q4 24 | 1.34× | 2.82× | ||
| Q3 24 | 1.07× | 2.67× | ||
| Q2 24 | 1.02× | 0.53× | ||
| Q1 24 | 1.25× | — |
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% |
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
