vs
Fabrinet（FN）与SBA Communications（SBAC）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SBA Communications的1.6倍（$1.1B vs $703.4M），SBA Communications净利率更高（26.3% vs 9.9%，领先16.3%），Fabrinet同比增速更快（35.9% vs -1.6%），过去两年Fabrinet的营收复合增速更高（24.4% vs 3.2%）
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。
SBA Communications是一家房地产投资信托企业，核心业务为持有、运营无线通信基础设施，市场覆盖美国、加拿大、中南美洲及南非地区。公司由Steven Bernstein于1989年创立，前身为Steven Bernstein and Associates。
FN vs SBAC — 直观对比
营收规模更大
FN
是对方的1.6倍
$703.4M
营收增速更快
FN
高出37.5%
-1.6%
净利率更高
SBAC
高出16.3%
9.9%
两年增速更快
FN
近两年复合增速
3.2%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $703.4M |
| 净利润 | $112.6M | $184.9M |
| 毛利率 | 12.2% | — |
| 营业利润率 | 10.1% | 48.7% |
| 净利率 | 9.9% | 26.3% |
| 营收同比 | 35.9% | -1.6% |
| 净利润同比 | 30.0% | -15.1% |
| 每股收益（稀释后） | $3.11 | $1.74 |
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FNSBAC
| Q1 26 | — | $703.4M | ||
| Q4 25 | $1.1B | $719.6M | ||
| Q3 25 | $978.1M | $732.3M | ||
| Q2 25 | $909.7M | $699.0M | ||
| Q1 25 | $871.8M | $664.2M | ||
| Q4 24 | $833.6M | $693.7M | ||
| Q3 24 | $804.2M | $667.6M | ||
| Q2 24 | $753.3M | $660.5M |
净利润FNSBAC
| Q1 26 | — | $184.9M | ||
| Q4 25 | $112.6M | $370.4M | ||
| Q3 25 | $95.9M | $236.8M | ||
| Q2 25 | $87.2M | $225.8M | ||
| Q1 25 | $81.3M | $220.7M | ||
| Q4 24 | $86.6M | $178.8M | ||
| Q3 24 | $77.4M | $258.5M | ||
| Q2 24 | $81.1M | $162.8M |
毛利率FNSBAC
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 75.6% | ||
| Q3 25 | 11.9% | 74.1% | ||
| Q2 25 | 12.2% | 75.4% | ||
| Q1 25 | 11.7% | 76.9% | ||
| Q4 24 | 12.1% | 78.1% | ||
| Q3 24 | 12.3% | 77.5% | ||
| Q2 24 | 12.3% | 78.6% |
营业利润率FNSBAC
| Q1 26 | — | 48.7% | ||
| Q4 25 | 10.1% | 41.5% | ||
| Q3 25 | 9.6% | 51.1% | ||
| Q2 25 | 9.8% | 47.9% | ||
| Q1 25 | 9.0% | 50.4% | ||
| Q4 24 | 9.5% | 55.1% | ||
| Q3 24 | 9.6% | 56.3% | ||
| Q2 24 | 9.7% | 53.7% |
净利率FNSBAC
| Q1 26 | — | 26.3% | ||
| Q4 25 | 9.9% | 51.5% | ||
| Q3 25 | 9.8% | 32.3% | ||
| Q2 25 | 9.6% | 32.3% | ||
| Q1 25 | 9.3% | 33.2% | ||
| Q4 24 | 10.4% | 25.8% | ||
| Q3 24 | 9.6% | 38.7% | ||
| Q2 24 | 10.8% | 24.7% |
每股收益（稀释后）FNSBAC
| Q1 26 | — | $1.74 | ||
| Q4 25 | $3.11 | $3.47 | ||
| Q3 25 | $2.66 | $2.20 | ||
| Q2 25 | $2.41 | $2.09 | ||
| Q1 25 | $2.25 | $2.04 | ||
| Q4 24 | $2.38 | $1.61 | ||
| Q3 24 | $2.13 | $2.40 | ||
| Q2 24 | $2.22 | $1.51 |
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 | $269.1M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $2.2B | — |
| 总资产 | $3.3B | $11.7B |
| 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FNSBAC
| Q1 26 | — | $269.1M | ||
| Q4 25 | $960.8M | $271.2M | ||
| Q3 25 | $968.8M | $431.1M | ||
| Q2 25 | $934.2M | $276.8M | ||
| Q1 25 | $950.7M | $702.2M | ||
| Q4 24 | $934.6M | $444.4M | ||
| Q3 24 | $908.9M | $202.6M | ||
| Q2 24 | $858.6M | $250.9M |
总债务FNSBAC
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $12.9B | ||
| Q3 25 | — | $12.7B | ||
| Q2 25 | — | $12.5B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | — | $13.6B | ||
| Q3 24 | — | $12.3B | ||
| Q2 24 | — | $12.3B |
股东权益FNSBAC
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $-4.9B | ||
| Q3 25 | $2.1B | $-4.9B | ||
| Q2 25 | $2.0B | $-4.9B | ||
| Q1 25 | $1.9B | $-5.0B | ||
| Q4 24 | $1.8B | $-5.1B | ||
| Q3 24 | $1.8B | $-5.2B | ||
| Q2 24 | $1.7B | $-5.3B |
总资产FNSBAC
| Q1 26 | — | $11.7B | ||
| Q4 25 | $3.3B | $11.6B | ||
| Q3 25 | $3.0B | $11.3B | ||
| Q2 25 | $2.8B | $10.8B | ||
| Q1 25 | $2.6B | $10.4B | ||
| Q4 24 | $2.5B | $11.4B | ||
| Q3 24 | $2.4B | $10.2B | ||
| Q2 24 | $2.3B | $9.8B |
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 | $255.1M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | — |
| 自由现金流率自由现金流/营收 | -0.5% | — |
| 资本支出强度资本支出/营收 | 4.6% | 9.5% |
| 现金转化率经营现金流/净利润 | 0.41× | 1.38× |
| 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FNSBAC
| Q1 26 | — | $255.1M | ||
| Q4 25 | $46.3M | $1.3B | ||
| Q3 25 | $102.6M | $318.0M | ||
| Q2 25 | $55.1M | $368.1M | ||
| Q1 25 | $74.2M | $301.2M | ||
| Q4 24 | $115.9M | $1.3B | ||
| Q3 24 | $83.2M | $304.7M | ||
| Q2 24 | $83.1M | $425.6M |
自由现金流FNSBAC
| Q1 26 | — | — | ||
| Q4 25 | $-5.3M | $833.3M | ||
| Q3 25 | $57.3M | $258.0M | ||
| Q2 25 | $4.7M | $312.2M | ||
| Q1 25 | $45.7M | $255.0M | ||
| Q4 24 | $94.0M | $1.2B | ||
| Q3 24 | $62.9M | $239.9M | ||
| Q2 24 | $70.4M | $375.6M |
自由现金流率FNSBAC
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 115.8% | ||
| Q3 25 | 5.9% | 35.2% | ||
| Q2 25 | 0.5% | 44.7% | ||
| Q1 25 | 5.2% | 38.4% | ||
| Q4 24 | 11.3% | 179.9% | ||
| Q3 24 | 7.8% | 35.9% | ||
| Q2 24 | 9.3% | 56.9% |
资本支出强度FNSBAC
| Q1 26 | — | 9.5% | ||
| Q4 25 | 4.6% | 63.7% | ||
| Q3 25 | 4.6% | 8.2% | ||
| Q2 25 | 5.5% | 8.0% | ||
| Q1 25 | 3.3% | 7.0% | ||
| Q4 24 | 2.6% | 12.6% | ||
| Q3 24 | 2.5% | 9.7% | ||
| Q2 24 | 1.7% | 7.6% |
现金转化率FNSBAC
| Q1 26 | — | 1.38× | ||
| Q4 25 | 0.41× | 3.49× | ||
| Q3 25 | 1.07× | 1.34× | ||
| Q2 25 | 0.63× | 1.63× | ||
| Q1 25 | 0.91× | 1.36× | ||
| Q4 24 | 1.34× | 7.47× | ||
| Q3 24 | 1.07× | 1.18× | ||
| Q2 24 | 1.02× | 2.61× |
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% |
SBAC
| Site leasing | $656.1M | 93% |
| Site development | $47.3M | 7% |
