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Fabrinet（FN）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是Fabrinet的1.6倍（$1.8B vs $1.1B），西蒙地产集团净利率更高（197.6% vs 9.9%，领先187.7%），Fabrinet同比增速更快（35.9% vs 13.2%），西蒙地产集团自由现金流更多（$948.8M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 11.4%）
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。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
FN vs SPG — 直观对比
营收规模更大
SPG
是对方的1.6倍
$1.1B
营收增速更快
FN
高出22.7%
13.2%
净利率更高
SPG
高出187.7%
9.9%
自由现金流更多
SPG
多$954.2M
$-5.3M
两年增速更快
FN
近两年复合增速
11.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $112.6M | $3.5B |
| 毛利率 | 12.2% | — |
| 营业利润率 | 10.1% | 49.7% |
| 净利率 | 9.9% | 197.6% |
| 营收同比 | 35.9% | 13.2% |
| 净利润同比 | 30.0% | 358.7% |
| 每股收益（稀释后） | $3.11 | $9.34 |
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FNSPG
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $978.1M | $1.6B | ||
| Q2 25 | $909.7M | $1.5B | ||
| Q1 25 | $871.8M | $1.5B | ||
| Q4 24 | $833.6M | $1.6B | ||
| Q3 24 | $804.2M | $1.5B | ||
| Q2 24 | $753.3M | $1.5B | ||
| Q1 24 | $731.5M | $1.4B |
净利润FNSPG
| Q4 25 | $112.6M | $3.5B | ||
| Q3 25 | $95.9M | $702.7M | ||
| Q2 25 | $87.2M | $643.7M | ||
| Q1 25 | $81.3M | $477.9M | ||
| Q4 24 | $86.6M | $771.8M | ||
| Q3 24 | $77.4M | $546.7M | ||
| Q2 24 | $81.1M | $569.4M | ||
| Q1 24 | $80.9M | $841.2M |
毛利率FNSPG
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
营业利润率FNSPG
| Q4 25 | 10.1% | 49.7% | ||
| Q3 25 | 9.6% | 50.8% | ||
| Q2 25 | 9.8% | 49.7% | ||
| Q1 25 | 9.0% | 49.4% | ||
| Q4 24 | 9.5% | 52.8% | ||
| Q3 24 | 9.6% | 51.9% | ||
| Q2 24 | 9.7% | 51.7% | ||
| Q1 24 | 9.7% | 51.0% |
净利率FNSPG
| Q4 25 | 9.9% | 197.6% | ||
| Q3 25 | 9.8% | 43.9% | ||
| Q2 25 | 9.6% | 43.0% | ||
| Q1 25 | 9.3% | 32.4% | ||
| Q4 24 | 10.4% | 48.8% | ||
| Q3 24 | 9.6% | 36.9% | ||
| Q2 24 | 10.8% | 39.0% | ||
| Q1 24 | 11.1% | 58.3% |
每股收益（稀释后）FNSPG
| Q4 25 | $3.11 | $9.34 | ||
| Q3 25 | $2.66 | $1.86 | ||
| Q2 25 | $2.41 | $1.70 | ||
| Q1 25 | $2.25 | $1.27 | ||
| Q4 24 | $2.38 | $2.04 | ||
| Q3 24 | $2.13 | $1.46 | ||
| Q2 24 | $2.22 | $1.51 | ||
| Q1 24 | $2.21 | $2.25 |
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 | $823.1M |
| 总债务越低越好 | — | $28.4B |
| 股东权益账面价值 | $2.2B | $5.2B |
| 总资产 | $3.3B | $40.6B |
| 负债/权益比越低杠杆越低 | — | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资FNSPG
| Q4 25 | $960.8M | $823.1M | ||
| Q3 25 | $968.8M | $1.6B | ||
| Q2 25 | $934.2M | $1.2B | ||
| Q1 25 | $950.7M | $1.4B | ||
| Q4 24 | $934.6M | $1.4B | ||
| Q3 24 | $908.9M | $2.5B | ||
| Q2 24 | $858.6M | $2.5B | ||
| Q1 24 | $794.0M | $2.6B |
总债务FNSPG
| Q4 25 | — | $28.4B | ||
| Q3 25 | — | $25.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $24.8B | ||
| Q4 24 | — | $24.3B | ||
| Q3 24 | — | $25.4B | ||
| Q2 24 | — | $25.3B | ||
| Q1 24 | — | $25.5B |
股东权益FNSPG
| Q4 25 | $2.2B | $5.2B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $2.0B | $2.5B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $1.8B | $2.9B | ||
| Q3 24 | $1.8B | $2.7B | ||
| Q2 24 | $1.7B | $2.9B | ||
| Q1 24 | $1.7B | $3.1B |
总资产FNSPG
| Q4 25 | $3.3B | $40.6B | ||
| Q3 25 | $3.0B | $33.6B | ||
| Q2 25 | $2.8B | $33.3B | ||
| Q1 25 | $2.6B | $32.5B | ||
| Q4 24 | $2.5B | $32.4B | ||
| Q3 24 | $2.4B | $33.3B | ||
| Q2 24 | $2.3B | $33.4B | ||
| Q1 24 | $2.2B | $33.7B |
负债/权益比FNSPG
| Q4 25 | — | 5.46× | ||
| Q3 25 | — | 10.98× | ||
| Q2 25 | — | 10.36× | ||
| Q1 25 | — | 9.50× | ||
| Q4 24 | — | 8.25× | ||
| Q3 24 | — | 9.37× | ||
| Q2 24 | — | 8.59× | ||
| Q1 24 | — | 8.22× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $948.8M |
| 自由现金流率自由现金流/营收 | -0.5% | 53.0% |
| 资本支出强度资本支出/营收 | 4.6% | 14.2% |
| 现金转化率经营现金流/净利润 | 0.41× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $3.2B |
8季度趋势，按日历期对齐
经营现金流FNSPG
| Q4 25 | $46.3M | $1.2B | ||
| Q3 25 | $102.6M | $890.3M | ||
| Q2 25 | $55.1M | $1.2B | ||
| Q1 25 | $74.2M | $827.2M | ||
| Q4 24 | $115.9M | $1.1B | ||
| Q3 24 | $83.2M | $892.9M | ||
| Q2 24 | $83.1M | $1.1B | ||
| Q1 24 | $100.9M | $773.1M |
自由现金流FNSPG
| Q4 25 | $-5.3M | $948.8M | ||
| Q3 25 | $57.3M | $685.0M | ||
| Q2 25 | $4.7M | $971.3M | ||
| Q1 25 | $45.7M | $597.0M | ||
| Q4 24 | $94.0M | $867.7M | ||
| Q3 24 | $62.9M | $706.5M | ||
| Q2 24 | $70.4M | $874.8M | ||
| Q1 24 | $87.3M | $610.1M |
自由现金流率FNSPG
| Q4 25 | -0.5% | 53.0% | ||
| Q3 25 | 5.9% | 42.8% | ||
| Q2 25 | 0.5% | 64.8% | ||
| Q1 25 | 5.2% | 40.5% | ||
| Q4 24 | 11.3% | 54.8% | ||
| Q3 24 | 7.8% | 47.7% | ||
| Q2 24 | 9.3% | 60.0% | ||
| Q1 24 | 11.9% | 42.3% |
资本支出强度FNSPG
| Q4 25 | 4.6% | 14.2% | ||
| Q3 25 | 4.6% | 12.8% | ||
| Q2 25 | 5.5% | 16.3% | ||
| Q1 25 | 3.3% | 15.6% | ||
| Q4 24 | 2.6% | 13.8% | ||
| Q3 24 | 2.5% | 12.6% | ||
| Q2 24 | 1.7% | 12.9% | ||
| Q1 24 | 1.9% | 11.3% |
现金转化率FNSPG
| Q4 25 | 0.41× | 0.34× | ||
| Q3 25 | 1.07× | 1.27× | ||
| Q2 25 | 0.63× | 1.89× | ||
| Q1 25 | 0.91× | 1.73× | ||
| Q4 24 | 1.34× | 1.41× | ||
| Q3 24 | 1.07× | 1.63× | ||
| Q2 24 | 1.02× | 1.87× | ||
| Q1 24 | 1.25× | 0.92× |
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% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
