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Fabrinet（FN）与NetApp（NTAP）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是Fabrinet的1.5倍（$1.7B vs $1.1B），NetApp净利率更高（19.5% vs 9.9%，领先9.6%），Fabrinet同比增速更快（35.9% vs 4.4%），NetApp自由现金流更多（$271.0M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 1.3%）
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。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
FN vs NTAP — 直观对比
营收规模更大
NTAP
是对方的1.5倍
$1.1B
营收增速更快
FN
高出31.5%
4.4%
净利率更高
NTAP
高出9.6%
9.9%
自由现金流更多
NTAP
多$276.3M
$-5.3M
两年增速更快
FN
近两年复合增速
1.3%
损益表 — Q2 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $112.6M | $334.0M |
| 毛利率 | 12.2% | 70.6% |
| 营业利润率 | 10.1% | 25.3% |
| 净利率 | 9.9% | 19.5% |
| 营收同比 | 35.9% | 4.4% |
| 净利润同比 | 30.0% | 11.7% |
| 每股收益（稀释后） | $3.11 | $1.67 |
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FNNTAP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $978.1M | $1.6B | ||
| Q2 25 | $909.7M | $1.7B | ||
| Q1 25 | $871.8M | $1.6B | ||
| Q4 24 | $833.6M | $1.7B | ||
| Q3 24 | $804.2M | $1.5B | ||
| Q2 24 | $753.3M | $1.7B |
净利润FNNTAP
| Q1 26 | — | $334.0M | ||
| Q4 25 | $112.6M | $305.0M | ||
| Q3 25 | $95.9M | $233.0M | ||
| Q2 25 | $87.2M | $340.0M | ||
| Q1 25 | $81.3M | $299.0M | ||
| Q4 24 | $86.6M | $299.0M | ||
| Q3 24 | $77.4M | $248.0M | ||
| Q2 24 | $81.1M | $291.0M |
毛利率FNNTAP
| Q1 26 | — | 70.6% | ||
| Q4 25 | 12.2% | 72.0% | ||
| Q3 25 | 11.9% | 70.4% | ||
| Q2 25 | 12.2% | 68.9% | ||
| Q1 25 | 11.7% | 69.8% | ||
| Q4 24 | 12.1% | 71.0% | ||
| Q3 24 | 12.3% | 71.3% | ||
| Q2 24 | 12.3% | 70.5% |
营业利润率FNNTAP
| Q1 26 | — | 25.3% | ||
| Q4 25 | 10.1% | 23.4% | ||
| Q3 25 | 9.6% | 19.8% | ||
| Q2 25 | 9.8% | 20.1% | ||
| Q1 25 | 9.0% | 22.1% | ||
| Q4 24 | 9.5% | 20.8% | ||
| Q3 24 | 9.6% | 18.3% | ||
| Q2 24 | 9.7% | 21.9% |
净利率FNNTAP
| Q1 26 | — | 19.5% | ||
| Q4 25 | 9.9% | 17.9% | ||
| Q3 25 | 9.8% | 14.9% | ||
| Q2 25 | 9.6% | 19.6% | ||
| Q1 25 | 9.3% | 18.2% | ||
| Q4 24 | 10.4% | 18.0% | ||
| Q3 24 | 9.6% | 16.1% | ||
| Q2 24 | 10.8% | 17.4% |
每股收益（稀释后）FNNTAP
| Q1 26 | — | $1.67 | ||
| Q4 25 | $3.11 | $1.51 | ||
| Q3 25 | $2.66 | $1.15 | ||
| Q2 25 | $2.41 | $1.64 | ||
| Q1 25 | $2.25 | $1.44 | ||
| Q4 24 | $2.38 | $1.42 | ||
| Q3 24 | $2.13 | $1.17 | ||
| Q2 24 | $2.22 | $1.36 |
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 | $3.0B |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $2.2B | $1.2B |
| 总资产 | $3.3B | $10.0B |
| 负债/权益比越低杠杆越低 | — | 2.15× |
8季度趋势，按日历期对齐
现金及短期投资FNNTAP
| Q1 26 | — | $3.0B | ||
| Q4 25 | $960.8M | $3.0B | ||
| Q3 25 | $968.8M | $3.3B | ||
| Q2 25 | $934.2M | $3.8B | ||
| Q1 25 | $950.7M | $2.3B | ||
| Q4 24 | $934.6M | $2.2B | ||
| Q3 24 | $908.9M | $3.0B | ||
| Q2 24 | $858.6M | $3.3B |
总债务FNNTAP
| Q1 26 | — | $2.5B | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
股东权益FNNTAP
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.2B | $986.0M | ||
| Q3 25 | $2.1B | $975.0M | ||
| Q2 25 | $2.0B | $1.0B | ||
| Q1 25 | $1.9B | $995.0M | ||
| Q4 24 | $1.8B | $892.0M | ||
| Q3 24 | $1.8B | $929.0M | ||
| Q2 24 | $1.7B | $1.1B |
总资产FNNTAP
| Q1 26 | — | $10.0B | ||
| Q4 25 | $3.3B | $9.6B | ||
| Q3 25 | $3.0B | $9.7B | ||
| Q2 25 | $2.8B | $10.8B | ||
| Q1 25 | $2.6B | $9.0B | ||
| Q4 24 | $2.5B | $9.0B | ||
| Q3 24 | $2.4B | $9.3B | ||
| Q2 24 | $2.3B | $9.9B |
负债/权益比FNNTAP
| Q1 26 | — | 2.15× | ||
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 2.55× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 2.00× | ||
| Q4 24 | — | 2.23× | ||
| Q3 24 | — | 2.58× | ||
| Q2 24 | — | 2.09× |
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 | $317.0M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $271.0M |
| 自由现金流率自由现金流/营收 | -0.5% | 15.8% |
| 资本支出强度资本支出/营收 | 4.6% | — |
| 现金转化率经营现金流/净利润 | 0.41× | 0.95× |
| 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FNNTAP
| Q1 26 | — | $317.0M | ||
| Q4 25 | $46.3M | $127.0M | ||
| Q3 25 | $102.6M | $673.0M | ||
| Q2 25 | $55.1M | — | ||
| Q1 25 | $74.2M | $385.0M | ||
| Q4 24 | $115.9M | — | ||
| Q3 24 | $83.2M | $341.0M | ||
| Q2 24 | $83.1M | $613.0M |
自由现金流FNNTAP
| Q1 26 | — | $271.0M | ||
| Q4 25 | $-5.3M | $78.0M | ||
| Q3 25 | $57.3M | $620.0M | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $45.7M | $338.0M | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $62.9M | $300.0M | ||
| Q2 24 | $70.4M | $567.0M |
自由现金流率FNNTAP
| Q1 26 | — | 15.8% | ||
| Q4 25 | -0.5% | 4.6% | ||
| Q3 25 | 5.9% | 39.8% | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 5.2% | 20.6% | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 7.8% | 19.5% | ||
| Q2 24 | 9.3% | 34.0% |
资本支出强度FNNTAP
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 2.9% | ||
| Q3 25 | 4.6% | 3.4% | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 3.3% | 2.9% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | 2.7% | ||
| Q2 24 | 1.7% | 2.8% |
现金转化率FNNTAP
| Q1 26 | — | 0.95× | ||
| Q4 25 | 0.41× | 0.42× | ||
| Q3 25 | 1.07× | 2.89× | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | 1.29× | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | 1.38× | ||
| Q2 24 | 1.02× | 2.11× |
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% |
NTAP
| Services | $927.0M | 54% |
| Product | $786.0M | 46% |
