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Fabrinet（FN）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是Fabrinet的1.5倍（$1.7B vs $1.1B），Fabrinet净利率更高（9.9% vs 2.6%，领先7.3%），Fabrinet同比增速更快（35.9% vs 10.2%），Snap Inc自由现金流更多（$205.6M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 19.9%）
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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
FN vs SNAP — 直观对比
营收规模更大
SNAP
是对方的1.5倍
$1.1B
营收增速更快
FN
高出25.7%
10.2%
净利率更高
FN
高出7.3%
2.6%
自由现金流更多
SNAP
多$210.9M
$-5.3M
两年增速更快
FN
近两年复合增速
19.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $112.6M | $45.2M |
| 毛利率 | 12.2% | 59.1% |
| 营业利润率 | 10.1% | 2.9% |
| 净利率 | 9.9% | 2.6% |
| 营收同比 | 35.9% | 10.2% |
| 净利润同比 | 30.0% | 396.7% |
| 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FNSNAP
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $978.1M | $1.5B | ||
| Q2 25 | $909.7M | $1.3B | ||
| Q1 25 | $871.8M | $1.4B | ||
| Q4 24 | $833.6M | $1.6B | ||
| Q3 24 | $804.2M | $1.4B | ||
| Q2 24 | $753.3M | $1.2B | ||
| Q1 24 | $731.5M | $1.2B |
净利润FNSNAP
| Q4 25 | $112.6M | $45.2M | ||
| Q3 25 | $95.9M | $-103.5M | ||
| Q2 25 | $87.2M | $-262.6M | ||
| Q1 25 | $81.3M | $-139.6M | ||
| Q4 24 | $86.6M | $9.1M | ||
| Q3 24 | $77.4M | $-153.2M | ||
| Q2 24 | $81.1M | $-248.6M | ||
| Q1 24 | $80.9M | $-305.1M |
毛利率FNSNAP
| Q4 25 | 12.2% | 59.1% | ||
| Q3 25 | 11.9% | 55.3% | ||
| Q2 25 | 12.2% | 51.4% | ||
| Q1 25 | 11.7% | 53.1% | ||
| Q4 24 | 12.1% | 56.9% | ||
| Q3 24 | 12.3% | 53.5% | ||
| Q2 24 | 12.3% | 52.4% | ||
| Q1 24 | 12.4% | 51.9% |
营业利润率FNSNAP
| Q4 25 | 10.1% | 2.9% | ||
| Q3 25 | 9.6% | -8.5% | ||
| Q2 25 | 9.8% | -19.3% | ||
| Q1 25 | 9.0% | -14.2% | ||
| Q4 24 | 9.5% | -1.7% | ||
| Q3 24 | 9.6% | -12.6% | ||
| Q2 24 | 9.7% | -20.5% | ||
| Q1 24 | 9.7% | -27.9% |
净利率FNSNAP
| Q4 25 | 9.9% | 2.6% | ||
| Q3 25 | 9.8% | -6.9% | ||
| Q2 25 | 9.6% | -19.5% | ||
| Q1 25 | 9.3% | -10.2% | ||
| Q4 24 | 10.4% | 0.6% | ||
| Q3 24 | 9.6% | -11.2% | ||
| Q2 24 | 10.8% | -20.1% | ||
| Q1 24 | 11.1% | -25.5% |
每股收益（稀释后）FNSNAP
| Q4 25 | $3.11 | $0.03 | ||
| Q3 25 | $2.66 | $-0.06 | ||
| Q2 25 | $2.41 | $-0.16 | ||
| Q1 25 | $2.25 | $-0.08 | ||
| Q4 24 | $2.38 | $0.01 | ||
| Q3 24 | $2.13 | $-0.09 | ||
| Q2 24 | $2.22 | $-0.15 | ||
| Q1 24 | $2.21 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $2.2B | $2.3B |
| 总资产 | $3.3B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资FNSNAP
| Q4 25 | $960.8M | $2.9B | ||
| Q3 25 | $968.8M | $3.0B | ||
| Q2 25 | $934.2M | $2.9B | ||
| Q1 25 | $950.7M | $3.2B | ||
| Q4 24 | $934.6M | $3.4B | ||
| Q3 24 | $908.9M | $3.2B | ||
| Q2 24 | $858.6M | $3.1B | ||
| Q1 24 | $794.0M | $2.9B |
总债务FNSNAP
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.3B |
股东权益FNSNAP
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.0B | $2.1B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $1.8B | $2.5B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.7B | $2.1B | ||
| Q1 24 | $1.7B | $2.1B |
总资产FNSNAP
| Q4 25 | $3.3B | $7.7B | ||
| Q3 25 | $3.0B | $7.6B | ||
| Q2 25 | $2.8B | $7.4B | ||
| Q1 25 | $2.6B | $7.6B | ||
| Q4 24 | $2.5B | $7.9B | ||
| Q3 24 | $2.4B | $7.6B | ||
| Q2 24 | $2.3B | $7.4B | ||
| Q1 24 | $2.2B | $7.2B |
负债/权益比FNSNAP
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $205.6M |
| 自由现金流率自由现金流/营收 | -0.5% | 12.0% |
| 资本支出强度资本支出/营收 | 4.6% | 3.7% |
| 现金转化率经营现金流/净利润 | 0.41× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $437.2M |
8季度趋势，按日历期对齐
经营现金流FNSNAP
| Q4 25 | $46.3M | $269.6M | ||
| Q3 25 | $102.6M | $146.5M | ||
| Q2 25 | $55.1M | $88.5M | ||
| Q1 25 | $74.2M | $151.6M | ||
| Q4 24 | $115.9M | $230.6M | ||
| Q3 24 | $83.2M | $115.9M | ||
| Q2 24 | $83.1M | $-21.4M | ||
| Q1 24 | $100.9M | $88.4M |
自由现金流FNSNAP
| Q4 25 | $-5.3M | $205.6M | ||
| Q3 25 | $57.3M | $93.4M | ||
| Q2 25 | $4.7M | $23.8M | ||
| Q1 25 | $45.7M | $114.4M | ||
| Q4 24 | $94.0M | $182.4M | ||
| Q3 24 | $62.9M | $71.8M | ||
| Q2 24 | $70.4M | $-73.4M | ||
| Q1 24 | $87.3M | $37.9M |
自由现金流率FNSNAP
| Q4 25 | -0.5% | 12.0% | ||
| Q3 25 | 5.9% | 6.2% | ||
| Q2 25 | 0.5% | 1.8% | ||
| Q1 25 | 5.2% | 8.4% | ||
| Q4 24 | 11.3% | 11.7% | ||
| Q3 24 | 7.8% | 5.2% | ||
| Q2 24 | 9.3% | -5.9% | ||
| Q1 24 | 11.9% | 3.2% |
资本支出强度FNSNAP
| Q4 25 | 4.6% | 3.7% | ||
| Q3 25 | 4.6% | 3.5% | ||
| Q2 25 | 5.5% | 4.8% | ||
| Q1 25 | 3.3% | 2.7% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | 2.5% | 3.2% | ||
| Q2 24 | 1.7% | 4.2% | ||
| Q1 24 | 1.9% | 4.2% |
现金转化率FNSNAP
| Q4 25 | 0.41× | 5.96× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | 25.34× | ||
| 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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
