vs
Fabrinet（FN）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
Fabrinet的季度营收约是摩丁制造的1.4倍（$1.1B vs $805.0M），Fabrinet净利率更高（9.9% vs -5.9%，领先15.8%），Fabrinet同比增速更快（35.9% vs 30.5%），Fabrinet自由现金流更多（$-5.3M vs $-17.1M），过去两年Fabrinet的营收复合增速更高（24.4% vs 15.5%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
FN vs MOD — 直观对比
营收规模更大
FN
是对方的1.4倍
$805.0M
营收增速更快
FN
高出5.4%
30.5%
净利率更高
FN
高出15.8%
-5.9%
自由现金流更多
FN
多$11.8M
$-17.1M
两年增速更快
FN
近两年复合增速
15.5%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $805.0M |
| 净利润 | $112.6M | $-47.4M |
| 毛利率 | 12.2% | 23.1% |
| 营业利润率 | 10.1% | 11.1% |
| 净利率 | 9.9% | -5.9% |
| 营收同比 | 35.9% | 30.5% |
| 净利润同比 | 30.0% | -215.6% |
| 每股收益（稀释后） | $3.11 | $-0.90 |
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FNMOD
| Q4 25 | $1.1B | $805.0M | ||
| Q3 25 | $978.1M | $738.9M | ||
| Q2 25 | $909.7M | $682.8M | ||
| Q1 25 | $871.8M | $647.2M | ||
| Q4 24 | $833.6M | $616.8M | ||
| Q3 24 | $804.2M | $658.0M | ||
| Q2 24 | $753.3M | $661.5M | ||
| Q1 24 | $731.5M | $603.5M |
净利润FNMOD
| Q4 25 | $112.6M | $-47.4M | ||
| Q3 25 | $95.9M | $44.4M | ||
| Q2 25 | $87.2M | $51.2M | ||
| Q1 25 | $81.3M | $49.6M | ||
| Q4 24 | $86.6M | $41.0M | ||
| Q3 24 | $77.4M | $46.1M | ||
| Q2 24 | $81.1M | $47.3M | ||
| Q1 24 | $80.9M | $25.8M |
毛利率FNMOD
| Q4 25 | 12.2% | 23.1% | ||
| Q3 25 | 11.9% | 22.3% | ||
| Q2 25 | 12.2% | 24.2% | ||
| Q1 25 | 11.7% | 25.6% | ||
| Q4 24 | 12.1% | 24.3% | ||
| Q3 24 | 12.3% | 25.2% | ||
| Q2 24 | 12.3% | 24.6% | ||
| Q1 24 | 12.4% | 22.4% |
营业利润率FNMOD
| Q4 25 | 10.1% | 11.1% | ||
| Q3 25 | 9.6% | 9.9% | ||
| Q2 25 | 9.8% | 11.1% | ||
| Q1 25 | 9.0% | 11.5% | ||
| Q4 24 | 9.5% | 9.6% | ||
| Q3 24 | 9.6% | 11.4% | ||
| Q2 24 | 9.7% | 11.2% | ||
| Q1 24 | 9.7% | 7.8% |
净利率FNMOD
| Q4 25 | 9.9% | -5.9% | ||
| Q3 25 | 9.8% | 6.0% | ||
| Q2 25 | 9.6% | 7.5% | ||
| Q1 25 | 9.3% | 7.7% | ||
| Q4 24 | 10.4% | 6.6% | ||
| Q3 24 | 9.6% | 7.0% | ||
| Q2 24 | 10.8% | 7.2% | ||
| Q1 24 | 11.1% | 4.3% |
每股收益（稀释后）FNMOD
| Q4 25 | $3.11 | $-0.90 | ||
| Q3 25 | $2.66 | $0.83 | ||
| Q2 25 | $2.41 | $0.95 | ||
| Q1 25 | $2.25 | $0.92 | ||
| Q4 24 | $2.38 | $0.76 | ||
| Q3 24 | $2.13 | $0.86 | ||
| Q2 24 | $2.22 | $0.88 | ||
| Q1 24 | $2.21 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | — | $570.7M |
| 股东权益账面价值 | $2.2B | $1.1B |
| 总资产 | $3.3B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资FNMOD
| Q4 25 | $960.8M | $98.7M | ||
| Q3 25 | $968.8M | $83.8M | ||
| Q2 25 | $934.2M | $124.5M | ||
| Q1 25 | $950.7M | $71.6M | ||
| Q4 24 | $934.6M | $83.8M | ||
| Q3 24 | $908.9M | $78.6M | ||
| Q2 24 | $858.6M | $72.9M | ||
| Q1 24 | $794.0M | $60.1M |
总债务FNMOD
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
股东权益FNMOD
| Q4 25 | $2.2B | $1.1B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.0B | $1.0B | ||
| Q1 25 | $1.9B | $910.2M | ||
| Q4 24 | $1.8B | $855.1M | ||
| Q3 24 | $1.8B | $858.8M | ||
| Q2 24 | $1.7B | $788.4M | ||
| Q1 24 | $1.7B | $747.6M |
总资产FNMOD
| Q4 25 | $3.3B | $2.5B | ||
| Q3 25 | $3.0B | $2.4B | ||
| Q2 25 | $2.8B | $2.2B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.4B | $1.9B | ||
| Q2 24 | $2.3B | $1.9B | ||
| Q1 24 | $2.2B | $1.9B |
负债/权益比FNMOD
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $-17.1M |
| 自由现金流率自由现金流/营收 | -0.5% | -2.1% |
| 资本支出强度资本支出/营收 | 4.6% | 5.2% |
| 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 | $-20.3M |
8季度趋势，按日历期对齐
经营现金流FNMOD
| Q4 25 | $46.3M | $24.7M | ||
| Q3 25 | $102.6M | $1.4M | ||
| Q2 25 | $55.1M | $27.7M | ||
| Q1 25 | $74.2M | $54.8M | ||
| Q4 24 | $115.9M | $60.7M | ||
| Q3 24 | $83.2M | $57.3M | ||
| Q2 24 | $83.1M | $40.5M | ||
| Q1 24 | $100.9M | $39.6M |
自由现金流FNMOD
| Q4 25 | $-5.3M | $-17.1M | ||
| Q3 25 | $57.3M | $-30.5M | ||
| Q2 25 | $4.7M | $200.0K | ||
| Q1 25 | $45.7M | $27.1M | ||
| Q4 24 | $94.0M | $44.7M | ||
| Q3 24 | $62.9M | $43.8M | ||
| Q2 24 | $70.4M | $13.7M | ||
| Q1 24 | $87.3M | $-4.3M |
自由现金流率FNMOD
| Q4 25 | -0.5% | -2.1% | ||
| Q3 25 | 5.9% | -4.1% | ||
| Q2 25 | 0.5% | 0.0% | ||
| Q1 25 | 5.2% | 4.2% | ||
| Q4 24 | 11.3% | 7.2% | ||
| Q3 24 | 7.8% | 6.7% | ||
| Q2 24 | 9.3% | 2.1% | ||
| Q1 24 | 11.9% | -0.7% |
资本支出强度FNMOD
| Q4 25 | 4.6% | 5.2% | ||
| Q3 25 | 4.6% | 4.3% | ||
| Q2 25 | 5.5% | 4.0% | ||
| Q1 25 | 3.3% | 4.3% | ||
| Q4 24 | 2.6% | 2.6% | ||
| Q3 24 | 2.5% | 2.1% | ||
| Q2 24 | 1.7% | 4.1% | ||
| Q1 24 | 1.9% | 7.3% |
现金转化率FNMOD
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | 0.03× | ||
| Q2 25 | 0.63× | 0.54× | ||
| Q1 25 | 0.91× | 1.10× | ||
| Q4 24 | 1.34× | 1.48× | ||
| Q3 24 | 1.07× | 1.24× | ||
| Q2 24 | 1.02× | 0.86× | ||
| Q1 24 | 1.25× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
