vs
Fabrinet（FN）与Cloudflare, Inc.（NET）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Cloudflare, Inc.的1.8倍（$1.1B vs $614.5M），Fabrinet净利率更高（9.9% vs -2.0%，领先11.9%），Fabrinet同比增速更快（35.9% vs 33.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-5.3M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 24.4%）
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。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
FN vs NET — 直观对比
营收规模更大
FN
是对方的1.8倍
$614.5M
营收增速更快
FN
高出2.3%
33.6%
净利率更高
FN
高出11.9%
-2.0%
自由现金流更多
NET
多$110.6M
$-5.3M
两年增速更快
NET
近两年复合增速
24.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $614.5M |
| 净利润 | $112.6M | $-12.1M |
| 毛利率 | 12.2% | 73.6% |
| 营业利润率 | 10.1% | -8.0% |
| 净利率 | 9.9% | -2.0% |
| 营收同比 | 35.9% | 33.6% |
| 净利润同比 | 30.0% | 6.0% |
| 每股收益（稀释后） | $3.11 | $-0.03 |
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FNNET
| Q4 25 | $1.1B | $614.5M | ||
| Q3 25 | $978.1M | $562.0M | ||
| Q2 25 | $909.7M | $512.3M | ||
| Q1 25 | $871.8M | $479.1M | ||
| Q4 24 | $833.6M | $459.9M | ||
| Q3 24 | $804.2M | $430.1M | ||
| Q2 24 | $753.3M | $401.0M | ||
| Q1 24 | $731.5M | $378.6M |
净利润FNNET
| Q4 25 | $112.6M | $-12.1M | ||
| Q3 25 | $95.9M | $-1.3M | ||
| Q2 25 | $87.2M | $-50.4M | ||
| Q1 25 | $81.3M | $-38.5M | ||
| Q4 24 | $86.6M | $-12.8M | ||
| Q3 24 | $77.4M | $-15.3M | ||
| Q2 24 | $81.1M | $-15.1M | ||
| Q1 24 | $80.9M | $-35.5M |
毛利率FNNET
| Q4 25 | 12.2% | 73.6% | ||
| Q3 25 | 11.9% | 74.0% | ||
| Q2 25 | 12.2% | 74.9% | ||
| Q1 25 | 11.7% | 75.9% | ||
| Q4 24 | 12.1% | 76.4% | ||
| Q3 24 | 12.3% | 77.7% | ||
| Q2 24 | 12.3% | 77.8% | ||
| Q1 24 | 12.4% | 77.5% |
营业利润率FNNET
| Q4 25 | 10.1% | -8.0% | ||
| Q3 25 | 9.6% | -6.7% | ||
| Q2 25 | 9.8% | -13.1% | ||
| Q1 25 | 9.0% | -11.1% | ||
| Q4 24 | 9.5% | -7.5% | ||
| Q3 24 | 9.6% | -7.2% | ||
| Q2 24 | 9.7% | -8.7% | ||
| Q1 24 | 9.7% | -14.4% |
净利率FNNET
| Q4 25 | 9.9% | -2.0% | ||
| Q3 25 | 9.8% | -0.2% | ||
| Q2 25 | 9.6% | -9.8% | ||
| Q1 25 | 9.3% | -8.0% | ||
| Q4 24 | 10.4% | -2.8% | ||
| Q3 24 | 9.6% | -3.6% | ||
| Q2 24 | 10.8% | -3.8% | ||
| Q1 24 | 11.1% | -9.4% |
每股收益（稀释后）FNNET
| Q4 25 | $3.11 | $-0.03 | ||
| Q3 25 | $2.66 | $0.00 | ||
| Q2 25 | $2.41 | $-0.15 | ||
| Q1 25 | $2.25 | $-0.11 | ||
| Q4 24 | $2.38 | $-0.05 | ||
| Q3 24 | $2.13 | $-0.04 | ||
| Q2 24 | $2.22 | $-0.04 | ||
| Q1 24 | $2.21 | $-0.10 |
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 | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | $1.5B |
| 总资产 | $3.3B | $6.0B |
| 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FNNET
| Q4 25 | $960.8M | $943.5M | ||
| Q3 25 | $968.8M | $1.1B | ||
| Q2 25 | $934.2M | $1.5B | ||
| Q1 25 | $950.7M | $204.5M | ||
| Q4 24 | $934.6M | $147.7M | ||
| Q3 24 | $908.9M | $182.9M | ||
| Q2 24 | $858.6M | $157.0M | ||
| Q1 24 | $794.0M | $254.4M |
股东权益FNNET
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.8B | $973.1M | ||
| Q2 24 | $1.7B | $881.5M | ||
| Q1 24 | $1.7B | $797.2M |
总资产FNNET
| Q4 25 | $3.3B | $6.0B | ||
| Q3 25 | $3.0B | $5.8B | ||
| Q2 25 | $2.8B | $5.6B | ||
| Q1 25 | $2.6B | $3.7B | ||
| Q4 24 | $2.5B | $3.3B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $2.3B | $2.9B | ||
| Q1 24 | $2.2B | $2.8B |
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 | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $105.2M |
| 自由现金流率自由现金流/营收 | -0.5% | 17.1% |
| 资本支出强度资本支出/营收 | 4.6% | 13.9% |
| 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 | $287.5M |
8季度趋势，按日历期对齐
经营现金流FNNET
| Q4 25 | $46.3M | $190.4M | ||
| Q3 25 | $102.6M | $167.1M | ||
| Q2 25 | $55.1M | $99.8M | ||
| Q1 25 | $74.2M | $145.8M | ||
| Q4 24 | $115.9M | $127.3M | ||
| Q3 24 | $83.2M | $104.7M | ||
| Q2 24 | $83.1M | $74.8M | ||
| Q1 24 | $100.9M | $73.6M |
自由现金流FNNET
| Q4 25 | $-5.3M | $105.2M | ||
| Q3 25 | $57.3M | $82.5M | ||
| Q2 25 | $4.7M | $39.9M | ||
| Q1 25 | $45.7M | $59.9M | ||
| Q4 24 | $94.0M | $54.2M | ||
| Q3 24 | $62.9M | $54.5M | ||
| Q2 24 | $70.4M | $45.2M | ||
| Q1 24 | $87.3M | $41.5M |
自由现金流率FNNET
| Q4 25 | -0.5% | 17.1% | ||
| Q3 25 | 5.9% | 14.7% | ||
| Q2 25 | 0.5% | 7.8% | ||
| Q1 25 | 5.2% | 12.5% | ||
| Q4 24 | 11.3% | 11.8% | ||
| Q3 24 | 7.8% | 12.7% | ||
| Q2 24 | 9.3% | 11.3% | ||
| Q1 24 | 11.9% | 11.0% |
资本支出强度FNNET
| Q4 25 | 4.6% | 13.9% | ||
| Q3 25 | 4.6% | 15.1% | ||
| Q2 25 | 5.5% | 11.7% | ||
| Q1 25 | 3.3% | 17.9% | ||
| Q4 24 | 2.6% | 15.9% | ||
| Q3 24 | 2.5% | 11.7% | ||
| Q2 24 | 1.7% | 7.4% | ||
| Q1 24 | 1.9% | 8.5% |
现金转化率FNNET
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 1.25× | — |
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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
