vs
Fabrinet（FN）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
Fabrinet的季度营收约是美森的1.3倍（$1.1B vs $851.9M），美森净利率更高（16.8% vs 9.9%，领先6.9%），Fabrinet同比增速更快（35.9% vs -4.3%），美森自由现金流更多（$42.2M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
FN vs MATX — 直观对比
营收规模更大
FN
是对方的1.3倍
$851.9M
营收增速更快
FN
高出40.2%
-4.3%
净利率更高
MATX
高出6.9%
9.9%
自由现金流更多
MATX
多$47.5M
$-5.3M
两年增速更快
FN
近两年复合增速
8.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $851.9M |
| 净利润 | $112.6M | $143.1M |
| 毛利率 | 12.2% | — |
| 营业利润率 | 10.1% | 16.9% |
| 净利率 | 9.9% | 16.8% |
| 营收同比 | 35.9% | -4.3% |
| 净利润同比 | 30.0% | 11.8% |
| 每股收益（稀释后） | $3.11 | $4.47 |
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FNMATX
| Q4 25 | $1.1B | $851.9M | ||
| Q3 25 | $978.1M | $880.1M | ||
| Q2 25 | $909.7M | $830.5M | ||
| Q1 25 | $871.8M | $782.0M | ||
| Q4 24 | $833.6M | $890.3M | ||
| Q3 24 | $804.2M | $962.0M | ||
| Q2 24 | $753.3M | $847.4M | ||
| Q1 24 | $731.5M | $722.1M |
净利润FNMATX
| Q4 25 | $112.6M | $143.1M | ||
| Q3 25 | $95.9M | $134.7M | ||
| Q2 25 | $87.2M | $94.7M | ||
| Q1 25 | $81.3M | $72.3M | ||
| Q4 24 | $86.6M | $128.0M | ||
| Q3 24 | $77.4M | $199.1M | ||
| Q2 24 | $81.1M | $113.2M | ||
| Q1 24 | $80.9M | $36.1M |
毛利率FNMATX
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
营业利润率FNMATX
| Q4 25 | 10.1% | 16.9% | ||
| Q3 25 | 9.6% | 18.3% | ||
| Q2 25 | 9.8% | 13.6% | ||
| Q1 25 | 9.0% | 10.5% | ||
| Q4 24 | 9.5% | 16.6% | ||
| Q3 24 | 9.6% | 25.2% | ||
| Q2 24 | 9.7% | 14.7% | ||
| Q1 24 | 9.7% | 5.1% |
净利率FNMATX
| Q4 25 | 9.9% | 16.8% | ||
| Q3 25 | 9.8% | 15.3% | ||
| Q2 25 | 9.6% | 11.4% | ||
| Q1 25 | 9.3% | 9.2% | ||
| Q4 24 | 10.4% | 14.4% | ||
| Q3 24 | 9.6% | 20.7% | ||
| Q2 24 | 10.8% | 13.4% | ||
| Q1 24 | 11.1% | 5.0% |
每股收益（稀释后）FNMATX
| Q4 25 | $3.11 | $4.47 | ||
| Q3 25 | $2.66 | $4.24 | ||
| Q2 25 | $2.41 | $2.92 | ||
| Q1 25 | $2.25 | $2.18 | ||
| Q4 24 | $2.38 | $3.69 | ||
| Q3 24 | $2.13 | $5.89 | ||
| Q2 24 | $2.22 | $3.31 | ||
| Q1 24 | $2.21 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $2.2B | $2.8B |
| 总资产 | $3.3B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资FNMATX
| Q4 25 | $960.8M | $141.9M | ||
| Q3 25 | $968.8M | $92.7M | ||
| Q2 25 | $934.2M | $59.1M | ||
| Q1 25 | $950.7M | $122.0M | ||
| Q4 24 | $934.6M | $266.8M | ||
| Q3 24 | $908.9M | $270.3M | ||
| Q2 24 | $858.6M | $168.2M | ||
| Q1 24 | $794.0M | $25.9M |
总债务FNMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益FNMATX
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.1B | $2.7B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.8B | $2.6B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
总资产FNMATX
| Q4 25 | $3.3B | $4.6B | ||
| Q3 25 | $3.0B | $4.6B | ||
| Q2 25 | $2.8B | $4.5B | ||
| Q1 25 | $2.6B | $4.5B | ||
| Q4 24 | $2.5B | $4.6B | ||
| Q3 24 | $2.4B | $4.4B | ||
| Q2 24 | $2.3B | $4.3B | ||
| Q1 24 | $2.2B | $4.2B |
负债/权益比FNMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $42.2M |
| 自由现金流率自由现金流/营收 | -0.5% | 5.0% |
| 资本支出强度资本支出/营收 | 4.6% | 15.8% |
| 现金转化率经营现金流/净利润 | 0.41× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $153.7M |
8季度趋势，按日历期对齐
经营现金流FNMATX
| Q4 25 | $46.3M | $176.9M | ||
| Q3 25 | $102.6M | $175.6M | ||
| Q2 25 | $55.1M | $105.6M | ||
| Q1 25 | $74.2M | $89.0M | ||
| Q4 24 | $115.9M | $174.7M | ||
| Q3 24 | $83.2M | $248.6M | ||
| Q2 24 | $83.1M | $307.9M | ||
| Q1 24 | $100.9M | $36.6M |
自由现金流FNMATX
| Q4 25 | $-5.3M | $42.2M | ||
| Q3 25 | $57.3M | $92.4M | ||
| Q2 25 | $4.7M | $19.3M | ||
| Q1 25 | $45.7M | $-200.0K | ||
| Q4 24 | $94.0M | $49.3M | ||
| Q3 24 | $62.9M | $189.0M | ||
| Q2 24 | $70.4M | $238.1M | ||
| Q1 24 | $87.3M | $-18.7M |
自由现金流率FNMATX
| Q4 25 | -0.5% | 5.0% | ||
| Q3 25 | 5.9% | 10.5% | ||
| Q2 25 | 0.5% | 2.3% | ||
| Q1 25 | 5.2% | -0.0% | ||
| Q4 24 | 11.3% | 5.5% | ||
| Q3 24 | 7.8% | 19.6% | ||
| Q2 24 | 9.3% | 28.1% | ||
| Q1 24 | 11.9% | -2.6% |
资本支出强度FNMATX
| Q4 25 | 4.6% | 15.8% | ||
| Q3 25 | 4.6% | 9.5% | ||
| Q2 25 | 5.5% | 10.4% | ||
| Q1 25 | 3.3% | 11.4% | ||
| Q4 24 | 2.6% | 14.1% | ||
| Q3 24 | 2.5% | 6.2% | ||
| Q2 24 | 1.7% | 8.2% | ||
| Q1 24 | 1.9% | 7.7% |
现金转化率FNMATX
| Q4 25 | 0.41× | 1.24× | ||
| Q3 25 | 1.07× | 1.30× | ||
| Q2 25 | 0.63× | 1.12× | ||
| Q1 25 | 0.91× | 1.23× | ||
| Q4 24 | 1.34× | 1.36× | ||
| Q3 24 | 1.07× | 1.25× | ||
| Q2 24 | 1.02× | 2.72× | ||
| Q1 24 | 1.25× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
