vs
Fabrinet（FN）与雷诺士国际（LII）财务数据对比。点击上方公司名可切换其他公司
雷诺士国际的季度营收约是Fabrinet的1.1倍（$1.2B vs $1.1B），雷诺士国际净利率更高（13.6% vs 9.9%，领先3.6%），Fabrinet同比增速更快（35.9% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 6.8%）
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。
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
FN vs LII — 直观对比
营收规模更大
LII
是对方的1.1倍
$1.1B
营收增速更快
FN
高出47.1%
-11.2%
净利率更高
LII
高出3.6%
9.9%
自由现金流更多
LII
多$382.0M
$-5.3M
两年增速更快
FN
近两年复合增速
6.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $112.6M | $162.1M |
| 毛利率 | 12.2% | 34.7% |
| 营业利润率 | 10.1% | 18.6% |
| 净利率 | 9.9% | 13.6% |
| 营收同比 | 35.9% | -11.2% |
| 净利润同比 | 30.0% | -18.0% |
| 每股收益（稀释后） | $3.11 | $4.62 |
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FNLII
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $978.1M | $1.4B | ||
| Q2 25 | $909.7M | $1.5B | ||
| Q1 25 | $871.8M | $1.1B | ||
| Q4 24 | $833.6M | $1.3B | ||
| Q3 24 | $804.2M | $1.5B | ||
| Q2 24 | $753.3M | $1.5B | ||
| Q1 24 | $731.5M | $1.0B |
净利润FNLII
| Q4 25 | $112.6M | $162.1M | ||
| Q3 25 | $95.9M | $245.8M | ||
| Q2 25 | $87.2M | $277.6M | ||
| Q1 25 | $81.3M | $120.3M | ||
| Q4 24 | $86.6M | $197.7M | ||
| Q3 24 | $77.4M | $239.0M | ||
| Q2 24 | $81.1M | $245.9M | ||
| Q1 24 | $80.9M | $124.3M |
毛利率FNLII
| Q4 25 | 12.2% | 34.7% | ||
| Q3 25 | 11.9% | 32.8% | ||
| Q2 25 | 12.2% | 34.8% | ||
| Q1 25 | 11.7% | 30.6% | ||
| Q4 24 | 12.1% | 33.9% | ||
| Q3 24 | 12.3% | 32.6% | ||
| Q2 24 | 12.3% | 33.6% | ||
| Q1 24 | 12.4% | 32.5% |
营业利润率FNLII
| Q4 25 | 10.1% | 18.6% | ||
| Q3 25 | 9.6% | 21.7% | ||
| Q2 25 | 9.8% | 23.6% | ||
| Q1 25 | 9.0% | 14.5% | ||
| Q4 24 | 9.5% | 18.2% | ||
| Q3 24 | 9.6% | 20.2% | ||
| Q2 24 | 9.7% | 22.1% | ||
| Q1 24 | 9.7% | 15.9% |
净利率FNLII
| Q4 25 | 9.9% | 13.6% | ||
| Q3 25 | 9.8% | 17.2% | ||
| Q2 25 | 9.6% | 18.5% | ||
| Q1 25 | 9.3% | 11.2% | ||
| Q4 24 | 10.4% | 14.7% | ||
| Q3 24 | 9.6% | 16.0% | ||
| Q2 24 | 10.8% | 16.9% | ||
| Q1 24 | 11.1% | 11.9% |
每股收益（稀释后）FNLII
| Q4 25 | $3.11 | $4.62 | ||
| Q3 25 | $2.66 | $6.98 | ||
| Q2 25 | $2.41 | $7.82 | ||
| Q1 25 | $2.25 | $3.37 | ||
| Q4 24 | $2.38 | $5.52 | ||
| Q3 24 | $2.13 | $6.68 | ||
| Q2 24 | $2.22 | $6.87 | ||
| Q1 24 | $2.21 | $3.47 |
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 | $34.7M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $2.2B | $1.2B |
| 总资产 | $3.3B | $4.1B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资FNLII
| Q4 25 | $960.8M | $34.7M | ||
| Q3 25 | $968.8M | $59.2M | ||
| Q2 25 | $934.2M | $55.1M | ||
| Q1 25 | $950.7M | $222.9M | ||
| Q4 24 | $934.6M | $422.3M | ||
| Q3 24 | $908.9M | $255.7M | ||
| Q2 24 | $858.6M | $57.8M | ||
| Q1 24 | $794.0M | $57.6M |
总债务FNLII
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $838.2M | ||
| Q2 25 | — | $835.7M | ||
| Q1 25 | — | $834.2M | ||
| Q4 24 | — | $833.1M | ||
| Q3 24 | — | $827.6M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.2B |
股东权益FNLII
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.0B | $900.5M | ||
| Q1 25 | $1.9B | $852.5M | ||
| Q4 24 | $1.8B | $850.2M | ||
| Q3 24 | $1.8B | $754.0M | ||
| Q2 24 | $1.7B | $577.4M | ||
| Q1 24 | $1.7B | $368.8M |
总资产FNLII
| Q4 25 | $3.3B | $4.1B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $2.8B | $3.7B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.5B | $3.5B | ||
| Q3 24 | $2.4B | $3.3B | ||
| Q2 24 | $2.3B | $3.2B | ||
| Q1 24 | $2.2B | $3.0B |
负债/权益比FNLII
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 1.95× | ||
| Q1 24 | — | 3.13× |
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 | $405.9M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $376.7M |
| 自由现金流率自由现金流/营收 | -0.5% | 31.5% |
| 资本支出强度资本支出/营收 | 4.6% | 2.4% |
| 现金转化率经营现金流/净利润 | 0.41× | 2.50× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $638.8M |
8季度趋势，按日历期对齐
经营现金流FNLII
| Q4 25 | $46.3M | $405.9M | ||
| Q3 25 | $102.6M | $300.7M | ||
| Q2 25 | $55.1M | $86.8M | ||
| Q1 25 | $74.2M | $-35.8M | ||
| Q4 24 | $115.9M | $332.4M | ||
| Q3 24 | $83.2M | $452.1M | ||
| Q2 24 | $83.1M | $184.0M | ||
| Q1 24 | $100.9M | $-22.8M |
自由现金流FNLII
| Q4 25 | $-5.3M | $376.7M | ||
| Q3 25 | $57.3M | $265.1M | ||
| Q2 25 | $4.7M | $58.3M | ||
| Q1 25 | $45.7M | $-61.3M | ||
| Q4 24 | $94.0M | $272.2M | ||
| Q3 24 | $62.9M | $410.9M | ||
| Q2 24 | $70.4M | $151.3M | ||
| Q1 24 | $87.3M | $-52.3M |
自由现金流率FNLII
| Q4 25 | -0.5% | 31.5% | ||
| Q3 25 | 5.9% | 18.6% | ||
| Q2 25 | 0.5% | 3.9% | ||
| Q1 25 | 5.2% | -5.7% | ||
| Q4 24 | 11.3% | 20.2% | ||
| Q3 24 | 7.8% | 27.4% | ||
| Q2 24 | 9.3% | 10.4% | ||
| Q1 24 | 11.9% | -5.0% |
资本支出强度FNLII
| Q4 25 | 4.6% | 2.4% | ||
| Q3 25 | 4.6% | 2.5% | ||
| Q2 25 | 5.5% | 1.9% | ||
| Q1 25 | 3.3% | 2.4% | ||
| Q4 24 | 2.6% | 4.5% | ||
| Q3 24 | 2.5% | 2.8% | ||
| Q2 24 | 1.7% | 2.3% | ||
| Q1 24 | 1.9% | 2.8% |
现金转化率FNLII
| Q4 25 | 0.41× | 2.50× | ||
| Q3 25 | 1.07× | 1.22× | ||
| Q2 25 | 0.63× | 0.31× | ||
| Q1 25 | 0.91× | -0.30× | ||
| Q4 24 | 1.34× | 1.68× | ||
| Q3 24 | 1.07× | 1.89× | ||
| Q2 24 | 1.02× | 0.75× | ||
| Q1 24 | 1.25× | -0.18× |
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% |
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
