vs
Fabrinet（FN）与伯克希尔·哈撒韦（HEI）财务数据对比。点击上方公司名可切换其他公司
伯克希尔·哈撒韦的季度营收约是Fabrinet的1.1倍（$1.2B vs $1.1B），伯克希尔·哈撒韦净利率更高（15.6% vs 9.9%，领先5.6%），Fabrinet同比增速更快（35.9% vs 19.3%），伯克希尔·哈撒韦自由现金流更多（$268.5M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 16.2%）
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。
伯克希尔·哈撒韦是总部位于美国内布拉斯加州奥马哈的跨国综合控股集团，最初主营纺织品制造，1965年起在董事长兼首席执行官沃伦·巴菲特、副董事长查理·芒格的带领下转型为多元化企业集团，2026年初格雷格·阿贝尔接任首席执行官，巴菲特个人持有公司38.4%的A类有投票权股份，对应15.1%的整体经济权益。
FN vs HEI — 直观对比
营收规模更大
HEI
是对方的1.1倍
$1.1B
营收增速更快
FN
高出16.6%
19.3%
净利率更高
HEI
高出5.6%
9.9%
自由现金流更多
HEI
多$273.8M
$-5.3M
两年增速更快
FN
近两年复合增速
16.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $112.6M | $188.3M |
| 毛利率 | 12.2% | 40.2% |
| 营业利润率 | 10.1% | 23.1% |
| 净利率 | 9.9% | 15.6% |
| 营收同比 | 35.9% | 19.3% |
| 净利润同比 | 30.0% | 34.8% |
| 每股收益（稀释后） | $3.11 | $1.32 |
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FNHEI
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $978.1M | $1.1B | ||
| Q2 25 | $909.7M | $1.1B | ||
| Q1 25 | $871.8M | $1.0B | ||
| Q4 24 | $833.6M | $1.0B | ||
| Q3 24 | $804.2M | $992.2M | ||
| Q2 24 | $753.3M | $955.4M | ||
| Q1 24 | $731.5M | $896.4M |
净利润FNHEI
| Q4 25 | $112.6M | $188.3M | ||
| Q3 25 | $95.9M | $177.3M | ||
| Q2 25 | $87.2M | $156.8M | ||
| Q1 25 | $81.3M | $168.0M | ||
| Q4 24 | $86.6M | $139.7M | ||
| Q3 24 | $77.4M | $136.6M | ||
| Q2 24 | $81.1M | $123.1M | ||
| Q1 24 | $80.9M | $114.7M |
毛利率FNHEI
| Q4 25 | 12.2% | 40.2% | ||
| Q3 25 | 11.9% | 39.8% | ||
| Q2 25 | 12.2% | 39.9% | ||
| Q1 25 | 11.7% | 39.4% | ||
| Q4 24 | 12.1% | 38.9% | ||
| Q3 24 | 12.3% | 39.2% | ||
| Q2 24 | 12.3% | 38.9% | ||
| Q1 24 | 12.4% | 38.7% |
营业利润率FNHEI
| Q4 25 | 10.1% | 23.1% | ||
| Q3 25 | 9.6% | 23.1% | ||
| Q2 25 | 9.8% | 22.6% | ||
| Q1 25 | 9.0% | 22.0% | ||
| Q4 24 | 9.5% | 21.6% | ||
| Q3 24 | 9.6% | 21.8% | ||
| Q2 24 | 9.7% | 21.9% | ||
| Q1 24 | 9.7% | 20.1% |
净利率FNHEI
| Q4 25 | 9.9% | 15.6% | ||
| Q3 25 | 9.8% | 15.5% | ||
| Q2 25 | 9.6% | 14.3% | ||
| Q1 25 | 9.3% | 16.3% | ||
| Q4 24 | 10.4% | 13.8% | ||
| Q3 24 | 9.6% | 13.8% | ||
| Q2 24 | 10.8% | 12.9% | ||
| Q1 24 | 11.1% | 12.8% |
每股收益（稀释后）FNHEI
| Q4 25 | $3.11 | $1.32 | ||
| Q3 25 | $2.66 | $1.26 | ||
| Q2 25 | $2.41 | $1.12 | ||
| Q1 25 | $2.25 | $1.20 | ||
| Q4 24 | $2.38 | $1.00 | ||
| Q3 24 | $2.13 | $0.97 | ||
| Q2 24 | $2.22 | $0.88 | ||
| Q1 24 | $2.21 | $0.82 |
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 | $217.8M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $2.2B | $4.3B |
| 总资产 | $3.3B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资FNHEI
| Q4 25 | $960.8M | $217.8M | ||
| Q3 25 | $968.8M | $261.9M | ||
| Q2 25 | $934.2M | $242.3M | ||
| Q1 25 | $950.7M | $165.5M | ||
| Q4 24 | $934.6M | $162.1M | ||
| Q3 24 | $908.9M | $202.9M | ||
| Q2 24 | $858.6M | $204.2M | ||
| Q1 24 | $794.0M | $196.3M |
总债务FNHEI
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.5B |
股东权益FNHEI
| Q4 25 | $2.2B | $4.3B | ||
| Q3 25 | $2.1B | $4.1B | ||
| Q2 25 | $2.0B | $4.0B | ||
| Q1 25 | $1.9B | $3.7B | ||
| Q4 24 | $1.8B | $3.6B | ||
| Q3 24 | $1.8B | $3.5B | ||
| Q2 24 | $1.7B | $3.4B | ||
| Q1 24 | $1.7B | $3.3B |
总资产FNHEI
| Q4 25 | $3.3B | $8.5B | ||
| Q3 25 | $3.0B | $8.5B | ||
| Q2 25 | $2.8B | $8.1B | ||
| Q1 25 | $2.6B | $7.9B | ||
| Q4 24 | $2.5B | $7.6B | ||
| Q3 24 | $2.4B | $7.4B | ||
| Q2 24 | $2.3B | $7.4B | ||
| Q1 24 | $2.2B | $7.3B |
负债/权益比FNHEI
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.76× |
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 | $295.3M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $268.5M |
| 自由现金流率自由现金流/营收 | -0.5% | 22.2% |
| 资本支出强度资本支出/营收 | 4.6% | 2.2% |
| 现金转化率经营现金流/净利润 | 0.41× | 1.57× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $861.4M |
8季度趋势，按日历期对齐
经营现金流FNHEI
| Q4 25 | $46.3M | $295.3M | ||
| Q3 25 | $102.6M | $231.2M | ||
| Q2 25 | $55.1M | $204.7M | ||
| Q1 25 | $74.2M | $203.0M | ||
| Q4 24 | $115.9M | $205.6M | ||
| Q3 24 | $83.2M | $214.0M | ||
| Q2 24 | $83.1M | $141.1M | ||
| Q1 24 | $100.9M | $111.7M |
自由现金流FNHEI
| Q4 25 | $-5.3M | $268.5M | ||
| Q3 25 | $57.3M | $218.5M | ||
| Q2 25 | $4.7M | $188.7M | ||
| Q1 25 | $45.7M | $185.7M | ||
| Q4 24 | $94.0M | $189.5M | ||
| Q3 24 | $62.9M | $198.1M | ||
| Q2 24 | $70.4M | $128.2M | ||
| Q1 24 | $87.3M | $98.3M |
自由现金流率FNHEI
| Q4 25 | -0.5% | 22.2% | ||
| Q3 25 | 5.9% | 19.0% | ||
| Q2 25 | 0.5% | 17.2% | ||
| Q1 25 | 5.2% | 18.0% | ||
| Q4 24 | 11.3% | 18.7% | ||
| Q3 24 | 7.8% | 20.0% | ||
| Q2 24 | 9.3% | 13.4% | ||
| Q1 24 | 11.9% | 11.0% |
资本支出强度FNHEI
| Q4 25 | 4.6% | 2.2% | ||
| Q3 25 | 4.6% | 1.1% | ||
| Q2 25 | 5.5% | 1.5% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 2.6% | 1.6% | ||
| Q3 24 | 2.5% | 1.6% | ||
| Q2 24 | 1.7% | 1.4% | ||
| Q1 24 | 1.9% | 1.5% |
现金转化率FNHEI
| Q4 25 | 0.41× | 1.57× | ||
| Q3 25 | 1.07× | 1.30× | ||
| Q2 25 | 0.63× | 1.31× | ||
| Q1 25 | 0.91× | 1.21× | ||
| Q4 24 | 1.34× | 1.47× | ||
| Q3 24 | 1.07× | 1.57× | ||
| Q2 24 | 1.02× | 1.15× | ||
| Q1 24 | 1.25× | 0.97× |
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% |
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
