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Fabrinet（FN）与高德纳（IT）财务数据对比。点击上方公司名可切换其他公司
高德纳的季度营收约是Fabrinet的1.5倍（$1.8B vs $1.1B），高德纳净利率更高（13.8% vs 9.9%，领先3.9%），Fabrinet同比增速更快（35.9% vs 2.2%），高德纳自由现金流更多（$270.7M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 9.1%）
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。
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
FN vs IT — 直观对比
营收规模更大
IT
是对方的1.5倍
$1.1B
营收增速更快
FN
高出33.7%
2.2%
净利率更高
IT
高出3.9%
9.9%
自由现金流更多
IT
多$276.1M
$-5.3M
两年增速更快
FN
近两年复合增速
9.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $112.6M | $242.2M |
| 毛利率 | 12.2% | 67.8% |
| 营业利润率 | 10.1% | 19.1% |
| 净利率 | 9.9% | 13.8% |
| 营收同比 | 35.9% | 2.2% |
| 净利润同比 | 30.0% | -39.2% |
| 每股收益（稀释后） | $3.11 | $3.36 |
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FNIT
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $978.1M | $1.5B | ||
| Q2 25 | $909.7M | $1.7B | ||
| Q1 25 | $871.8M | $1.5B | ||
| Q4 24 | $833.6M | $1.7B | ||
| Q3 24 | $804.2M | $1.5B | ||
| Q2 24 | $753.3M | $1.6B | ||
| Q1 24 | $731.5M | $1.5B |
净利润FNIT
| Q4 25 | $112.6M | $242.2M | ||
| Q3 25 | $95.9M | $35.4M | ||
| Q2 25 | $87.2M | $240.8M | ||
| Q1 25 | $81.3M | $210.9M | ||
| Q4 24 | $86.6M | $398.6M | ||
| Q3 24 | $77.4M | $415.0M | ||
| Q2 24 | $81.1M | $229.5M | ||
| Q1 24 | $80.9M | $210.5M |
毛利率FNIT
| Q4 25 | 12.2% | 67.8% | ||
| Q3 25 | 11.9% | 69.3% | ||
| Q2 25 | 12.2% | 68.6% | ||
| Q1 25 | 11.7% | 69.4% | ||
| Q4 24 | 12.1% | 66.8% | ||
| Q3 24 | 12.3% | 68.4% | ||
| Q2 24 | 12.3% | 68.6% | ||
| Q1 24 | 12.4% | 69.4% |
营业利润率FNIT
| Q4 25 | 10.1% | 19.1% | ||
| Q3 25 | 9.6% | 5.7% | ||
| Q2 25 | 9.8% | 19.4% | ||
| Q1 25 | 9.0% | 18.1% | ||
| Q4 24 | 9.5% | 18.5% | ||
| Q3 24 | 9.6% | 16.6% | ||
| Q2 24 | 9.7% | 20.0% | ||
| Q1 24 | 9.7% | 18.6% |
净利率FNIT
| Q4 25 | 9.9% | 13.8% | ||
| Q3 25 | 9.8% | 2.3% | ||
| Q2 25 | 9.6% | 14.3% | ||
| Q1 25 | 9.3% | 13.7% | ||
| Q4 24 | 10.4% | 23.2% | ||
| Q3 24 | 9.6% | 28.0% | ||
| Q2 24 | 10.8% | 14.4% | ||
| Q1 24 | 11.1% | 14.3% |
每股收益（稀释后）FNIT
| Q4 25 | $3.11 | $3.36 | ||
| Q3 25 | $2.66 | $0.47 | ||
| Q2 25 | $2.41 | $3.11 | ||
| Q1 25 | $2.25 | $2.71 | ||
| Q4 24 | $2.38 | $5.08 | ||
| Q3 24 | $2.13 | $5.32 | ||
| Q2 24 | $2.22 | $2.93 | ||
| Q1 24 | $2.21 | $2.67 |
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 | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | $319.9M |
| 总资产 | $3.3B | $8.1B |
| 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FNIT
| Q4 25 | $960.8M | $1.7B | ||
| Q3 25 | $968.8M | $1.4B | ||
| Q2 25 | $934.2M | $2.2B | ||
| Q1 25 | $950.7M | $2.1B | ||
| Q4 24 | $934.6M | $1.9B | ||
| Q3 24 | $908.9M | $1.8B | ||
| Q2 24 | $858.6M | $1.2B | ||
| Q1 24 | $794.0M | $1.2B |
股东权益FNIT
| Q4 25 | $2.2B | $319.9M | ||
| Q3 25 | $2.1B | $556.6M | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $646.7M | ||
| Q1 24 | $1.7B | $718.2M |
总资产FNIT
| Q4 25 | $3.3B | $8.1B | ||
| Q3 25 | $3.0B | $7.2B | ||
| Q2 25 | $2.8B | $8.3B | ||
| Q1 25 | $2.6B | $8.5B | ||
| Q4 24 | $2.5B | $8.5B | ||
| Q3 24 | $2.4B | $7.8B | ||
| Q2 24 | $2.3B | $7.4B | ||
| Q1 24 | $2.2B | $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 | $46.3M | $294.5M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $270.7M |
| 自由现金流率自由现金流/营收 | -0.5% | 15.4% |
| 资本支出强度资本支出/营收 | 4.6% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.41× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $1.2B |
8季度趋势，按日历期对齐
经营现金流FNIT
| Q4 25 | $46.3M | $294.5M | ||
| Q3 25 | $102.6M | $298.7M | ||
| Q2 25 | $55.1M | $383.6M | ||
| Q1 25 | $74.2M | $313.5M | ||
| Q4 24 | $115.9M | $335.4M | ||
| Q3 24 | $83.2M | $590.8M | ||
| Q2 24 | $83.1M | $370.0M | ||
| Q1 24 | $100.9M | $188.8M |
自由现金流FNIT
| Q4 25 | $-5.3M | $270.7M | ||
| Q3 25 | $57.3M | $269.3M | ||
| Q2 25 | $4.7M | $347.3M | ||
| Q1 25 | $45.7M | $287.9M | ||
| Q4 24 | $94.0M | $311.4M | ||
| Q3 24 | $62.9M | $565.0M | ||
| Q2 24 | $70.4M | $340.6M | ||
| Q1 24 | $87.3M | $166.2M |
自由现金流率FNIT
| Q4 25 | -0.5% | 15.4% | ||
| Q3 25 | 5.9% | 17.7% | ||
| Q2 25 | 0.5% | 20.6% | ||
| Q1 25 | 5.2% | 18.8% | ||
| Q4 24 | 11.3% | 18.2% | ||
| Q3 24 | 7.8% | 38.1% | ||
| Q2 24 | 9.3% | 21.4% | ||
| Q1 24 | 11.9% | 11.3% |
资本支出强度FNIT
| Q4 25 | 4.6% | 1.4% | ||
| Q3 25 | 4.6% | 1.9% | ||
| Q2 25 | 5.5% | 2.1% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 2.5% | 1.7% | ||
| Q2 24 | 1.7% | 1.8% | ||
| Q1 24 | 1.9% | 1.5% |
现金转化率FNIT
| Q4 25 | 0.41× | 1.22× | ||
| Q3 25 | 1.07× | 8.45× | ||
| Q2 25 | 0.63× | 1.59× | ||
| Q1 25 | 0.91× | 1.49× | ||
| Q4 24 | 1.34× | 0.84× | ||
| Q3 24 | 1.07× | 1.42× | ||
| Q2 24 | 1.02× | 1.61× | ||
| Q1 24 | 1.25× | 0.90× |
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% |
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
