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Fabrinet（FN）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
Fabrinet的季度营收约是美泰的1.3倍（$1.1B vs $862.2M），Fabrinet净利率更高（9.9% vs 7.1%，领先2.9%），Fabrinet同比增速更快（35.9% vs 4.3%），Fabrinet自由现金流更多（$-5.3M vs $-88.1M），过去两年Fabrinet的营收复合增速更高（24.4% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
FN vs MAT — 直观对比
营收规模更大
FN
是对方的1.3倍
$862.2M
营收增速更快
FN
高出31.6%
4.3%
净利率更高
FN
高出2.9%
7.1%
自由现金流更多
FN
多$82.8M
$-88.1M
两年增速更快
FN
近两年复合增速
-10.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $862.2M |
| 净利润 | $112.6M | $61.0M |
| 毛利率 | 12.2% | 44.9% |
| 营业利润率 | 10.1% | — |
| 净利率 | 9.9% | 7.1% |
| 营收同比 | 35.9% | 4.3% |
| 净利润同比 | 30.0% | 251.4% |
| 每股收益（稀释后） | $3.11 | $0.20 |
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FNMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $978.1M | $1.7B | ||
| Q2 25 | $909.7M | $1.0B | ||
| Q1 25 | $871.8M | $826.6M | ||
| Q4 24 | $833.6M | $1.6B | ||
| Q3 24 | $804.2M | $1.8B | ||
| Q2 24 | $753.3M | $1.1B |
净利润FNMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $112.6M | $106.2M | ||
| Q3 25 | $95.9M | $278.4M | ||
| Q2 25 | $87.2M | $53.4M | ||
| Q1 25 | $81.3M | $-40.3M | ||
| Q4 24 | $86.6M | $140.9M | ||
| Q3 24 | $77.4M | $372.4M | ||
| Q2 24 | $81.1M | $56.9M |
毛利率FNMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 12.2% | 45.9% | ||
| Q3 25 | 11.9% | 50.0% | ||
| Q2 25 | 12.2% | 50.9% | ||
| Q1 25 | 11.7% | 49.4% | ||
| Q4 24 | 12.1% | 50.7% | ||
| Q3 24 | 12.3% | 53.1% | ||
| Q2 24 | 12.3% | 49.2% |
营业利润率FNMAT
| Q1 26 | — | — | ||
| Q4 25 | 10.1% | 8.0% | ||
| Q3 25 | 9.6% | 21.9% | ||
| Q2 25 | 9.8% | 7.7% | ||
| Q1 25 | 9.0% | -6.4% | ||
| Q4 24 | 9.5% | 9.6% | ||
| Q3 24 | 9.6% | 26.5% | ||
| Q2 24 | 9.7% | 7.7% |
净利率FNMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 9.9% | 6.0% | ||
| Q3 25 | 9.8% | 16.0% | ||
| Q2 25 | 9.6% | 5.2% | ||
| Q1 25 | 9.3% | -4.9% | ||
| Q4 24 | 10.4% | 8.6% | ||
| Q3 24 | 9.6% | 20.2% | ||
| Q2 24 | 10.8% | 5.3% |
每股收益（稀释后）FNMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $3.11 | $0.32 | ||
| Q3 25 | $2.66 | $0.88 | ||
| Q2 25 | $2.41 | $0.16 | ||
| Q1 25 | $2.25 | $-0.12 | ||
| Q4 24 | $2.38 | $0.40 | ||
| Q3 24 | $2.13 | $1.09 | ||
| Q2 24 | $2.22 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.2B | $2.1B |
| 总资产 | $3.3B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资FNMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $960.8M | $1.2B | ||
| Q3 25 | $968.8M | $691.9M | ||
| Q2 25 | $934.2M | $870.5M | ||
| Q1 25 | $950.7M | $1.2B | ||
| Q4 24 | $934.6M | $1.4B | ||
| Q3 24 | $908.9M | $723.5M | ||
| Q2 24 | $858.6M | $722.4M |
总债务FNMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益FNMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.2B | $2.2B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.7B | $2.0B |
总资产FNMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $3.3B | $6.6B | ||
| Q3 25 | $3.0B | $6.6B | ||
| Q2 25 | $2.8B | $6.2B | ||
| Q1 25 | $2.6B | $6.2B | ||
| Q4 24 | $2.5B | $6.5B | ||
| Q3 24 | $2.4B | $6.5B | ||
| Q2 24 | $2.3B | $5.9B |
负债/权益比FNMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $-88.1M |
| 自由现金流率自由现金流/营收 | -0.5% | -10.2% |
| 资本支出强度资本支出/营收 | 4.6% | 7.6% |
| 现金转化率经营现金流/净利润 | 0.41× | — |
| 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FNMAT
| Q1 26 | — | — | ||
| Q4 25 | $46.3M | $796.6M | ||
| Q3 25 | $102.6M | $72.0M | ||
| Q2 25 | $55.1M | $-300.1M | ||
| Q1 25 | $74.2M | $24.8M | ||
| Q4 24 | $115.9M | $862.1M | ||
| Q3 24 | $83.2M | $155.8M | ||
| Q2 24 | $83.1M | $-252.9M |
自由现金流FNMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-5.3M | — | ||
| Q3 25 | $57.3M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $45.7M | — | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $62.9M | — | ||
| Q2 24 | $70.4M | — |
自由现金流率FNMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | -0.5% | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 9.3% | — |
资本支出强度FNMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.7% | — |
现金转化率FNMAT
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | 7.50× | ||
| Q3 25 | 1.07× | 0.26× | ||
| Q2 25 | 0.63× | -5.62× | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | 6.12× | ||
| Q3 24 | 1.07× | 0.42× | ||
| Q2 24 | 1.02× | -4.45× |
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% |
MAT
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