vs
Fabrinet（FN）与Liberty Global Ltd.（LBTYA）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是Fabrinet的2.1倍（$2.4B vs $1.1B），Liberty Global Ltd.净利率更高（15.0% vs 9.9%，领先5.0%），Fabrinet同比增速更快（35.9% vs -3.6%），过去两年Fabrinet的营收复合增速更高（24.4% vs 12.9%）
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。
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
FN vs LBTYA — 直观对比
营收规模更大
LBTYA
是对方的2.1倍
$1.1B
营收增速更快
FN
高出39.5%
-3.6%
净利率更高
LBTYA
高出5.0%
9.9%
两年增速更快
FN
近两年复合增速
12.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.4B |
| 净利润 | $112.6M | $358.2M |
| 毛利率 | 12.2% | — |
| 营业利润率 | 10.1% | 1.0% |
| 净利率 | 9.9% | 15.0% |
| 营收同比 | 35.9% | -3.6% |
| 净利润同比 | 30.0% | 127.1% |
| 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FNLBTYA
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $978.1M | $1.2B | ||
| Q2 25 | $909.7M | $1.3B | ||
| Q1 25 | $871.8M | $1.2B | ||
| Q4 24 | $833.6M | $-1.4B | ||
| Q3 24 | $804.2M | $1.9B | ||
| Q2 24 | $753.3M | $1.9B |
净利润FNLBTYA
| Q1 26 | — | $358.2M | ||
| Q4 25 | $112.6M | $-2.9B | ||
| Q3 25 | $95.9M | $-90.7M | ||
| Q2 25 | $87.2M | $-2.8B | ||
| Q1 25 | $81.3M | $-1.3B | ||
| Q4 24 | $86.6M | $2.2B | ||
| Q3 24 | $77.4M | $-1.4B | ||
| Q2 24 | $81.1M | $268.1M |
毛利率FNLBTYA
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 66.8% | ||
| Q3 25 | 11.9% | 67.5% | ||
| Q2 25 | 12.2% | 63.3% | ||
| Q1 25 | 11.7% | 65.6% | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | 69.4% | ||
| Q2 24 | 12.3% | 68.5% |
营业利润率FNLBTYA
| Q1 26 | — | 1.0% | ||
| Q4 25 | 10.1% | -8.6% | ||
| Q3 25 | 9.6% | -0.7% | ||
| Q2 25 | 9.8% | 2.3% | ||
| Q1 25 | 9.0% | 5.2% | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 9.6% | 5.2% | ||
| Q2 24 | 9.7% | 1.0% |
净利率FNLBTYA
| Q1 26 | — | 15.0% | ||
| Q4 25 | 9.9% | -237.0% | ||
| Q3 25 | 9.8% | -7.5% | ||
| Q2 25 | 9.6% | -220.1% | ||
| Q1 25 | 9.3% | -114.2% | ||
| Q4 24 | 10.4% | -158.9% | ||
| Q3 24 | 9.6% | -74.1% | ||
| Q2 24 | 10.8% | 14.3% |
每股收益（稀释后）FNLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $3.11 | $-8.66 | ||
| Q3 25 | $2.66 | $-0.27 | ||
| Q2 25 | $2.41 | $-8.09 | ||
| Q1 25 | $2.25 | $-3.84 | ||
| Q4 24 | $2.38 | $6.15 | ||
| Q3 24 | $2.13 | $-3.95 | ||
| Q2 24 | $2.22 | $0.71 |
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 | $-387.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | — |
| 总资产 | $3.3B | — |
| 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FNLBTYA
| Q1 26 | — | $-387.3M | ||
| Q4 25 | $960.8M | $2.2B | ||
| Q3 25 | $968.8M | $1.7B | ||
| Q2 25 | $934.2M | $3.1B | ||
| Q1 25 | $950.7M | $2.0B | ||
| Q4 24 | $934.6M | $2.2B | ||
| Q3 24 | $908.9M | $3.3B | ||
| Q2 24 | $858.6M | $3.2B |
总债务FNLBTYA
| Q1 26 | — | — | ||
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | — | $14.9B | ||
| Q2 24 | — | $14.7B |
股东权益FNLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $9.7B | ||
| Q3 25 | $2.1B | $12.7B | ||
| Q2 25 | $2.0B | $13.0B | ||
| Q1 25 | $1.9B | $12.6B | ||
| Q4 24 | $1.8B | $12.4B | ||
| Q3 24 | $1.8B | $18.7B | ||
| Q2 24 | $1.7B | $18.3B |
总资产FNLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $22.6B | ||
| Q3 25 | $3.0B | $25.4B | ||
| Q2 25 | $2.8B | $27.2B | ||
| Q1 25 | $2.6B | $26.0B | ||
| Q4 24 | $2.5B | $25.4B | ||
| Q3 24 | $2.4B | $41.8B | ||
| Q2 24 | $2.3B | $40.8B |
负债/权益比FNLBTYA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.80× |
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 | $107.6M |
| 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% | 1.5% |
| 现金转化率经营现金流/净利润 | 0.41× | 0.30× |
| 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FNLBTYA
| Q1 26 | — | $107.6M | ||
| Q4 25 | $46.3M | $630.9M | ||
| Q3 25 | $102.6M | $301.8M | ||
| Q2 25 | $55.1M | $149.2M | ||
| Q1 25 | $74.2M | $129.2M | ||
| Q4 24 | $115.9M | $791.6M | ||
| Q3 24 | $83.2M | $449.5M | ||
| Q2 24 | $83.1M | $546.1M |
自由现金流FNLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $-5.3M | $193.3M | ||
| Q3 25 | $57.3M | $-41.1M | ||
| Q2 25 | $4.7M | $-170.1M | ||
| Q1 25 | $45.7M | $-114.1M | ||
| Q4 24 | $94.0M | $712.9M | ||
| Q3 24 | $62.9M | $102.4M | ||
| Q2 24 | $70.4M | $256.8M |
自由现金流率FNLBTYA
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 15.7% | ||
| Q3 25 | 5.9% | -3.4% | ||
| Q2 25 | 0.5% | -13.4% | ||
| Q1 25 | 5.2% | -9.7% | ||
| Q4 24 | 11.3% | -50.5% | ||
| Q3 24 | 7.8% | 5.3% | ||
| Q2 24 | 9.3% | 13.7% |
资本支出强度FNLBTYA
| Q1 26 | — | 1.5% | ||
| Q4 25 | 4.6% | 35.5% | ||
| Q3 25 | 4.6% | 28.4% | ||
| Q2 25 | 5.5% | 25.2% | ||
| Q1 25 | 3.3% | 20.8% | ||
| Q4 24 | 2.6% | -5.6% | ||
| Q3 24 | 2.5% | 17.9% | ||
| Q2 24 | 1.7% | 15.4% |
现金转化率FNLBTYA
| Q1 26 | — | 0.30× | ||
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | 0.35× | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.02× | 2.04× |
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% |
LBTYA
| Mobile Service | $775.2M | 32% |
| Fixed Service | $772.0M | 32% |
| Business | $308.7M | 13% |
| Wholesale | $256.9M | 11% |
| Business Service | $233.2M | 10% |
