vs
Fabrinet（FN）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
Fabrinet的季度营收约是思佳讯的1.1倍（$1.1B vs $1.0B），Fabrinet净利率更高（9.9% vs 7.6%，领先2.3%），Fabrinet同比增速更快（35.9% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
FN vs SWKS — 直观对比
营收规模更大
FN
是对方的1.1倍
$1.0B
营收增速更快
FN
高出27.3%
8.6%
净利率更高
FN
高出2.3%
7.6%
自由现金流更多
SWKS
多$344.3M
$-5.3M
两年增速更快
FN
近两年复合增速
-0.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $112.6M | $79.2M |
| 毛利率 | 12.2% | 41.3% |
| 营业利润率 | 10.1% | 10.0% |
| 净利率 | 9.9% | 7.6% |
| 营收同比 | 35.9% | 8.6% |
| 净利润同比 | 30.0% | 15.3% |
| 每股收益（稀释后） | $3.11 | $0.53 |
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FNSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $978.1M | — | ||
| Q2 25 | $909.7M | $965.0M | ||
| Q1 25 | $871.8M | $953.2M | ||
| Q4 24 | $833.6M | $1.1B | ||
| Q3 24 | $804.2M | $1.0B | ||
| Q2 24 | $753.3M | $905.5M |
净利润FNSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $112.6M | $141.4M | ||
| Q3 25 | $95.9M | — | ||
| Q2 25 | $87.2M | $105.0M | ||
| Q1 25 | $81.3M | $68.7M | ||
| Q4 24 | $86.6M | $162.0M | ||
| Q3 24 | $77.4M | $60.5M | ||
| Q2 24 | $81.1M | $120.9M |
毛利率FNSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 12.2% | 40.7% | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | 41.6% | ||
| Q1 25 | 11.7% | 41.1% | ||
| Q4 24 | 12.1% | 41.4% | ||
| Q3 24 | 12.3% | 41.9% | ||
| Q2 24 | 12.3% | 40.2% |
营业利润率FNSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 10.1% | 10.1% | ||
| Q3 25 | 9.6% | — | ||
| Q2 25 | 9.8% | 11.5% | ||
| Q1 25 | 9.0% | 10.2% | ||
| Q4 24 | 9.5% | 16.9% | ||
| Q3 24 | 9.6% | 5.8% | ||
| Q2 24 | 9.7% | 14.4% |
净利率FNSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 9.9% | 12.9% | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 9.6% | 10.9% | ||
| Q1 25 | 9.3% | 7.2% | ||
| Q4 24 | 10.4% | 15.2% | ||
| Q3 24 | 9.6% | 5.9% | ||
| Q2 24 | 10.8% | 13.4% |
每股收益（稀释后）FNSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $3.11 | $0.95 | ||
| Q3 25 | $2.66 | — | ||
| Q2 25 | $2.41 | $0.70 | ||
| Q1 25 | $2.25 | $0.43 | ||
| Q4 24 | $2.38 | $1.00 | ||
| Q3 24 | $2.13 | $0.36 | ||
| Q2 24 | $2.22 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $2.2B | $5.8B |
| 总资产 | $3.3B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资FNSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $960.8M | $1.4B | ||
| Q3 25 | $968.8M | — | ||
| Q2 25 | $934.2M | $1.3B | ||
| Q1 25 | $950.7M | $1.5B | ||
| Q4 24 | $934.6M | $1.7B | ||
| Q3 24 | $908.9M | $1.6B | ||
| Q2 24 | $858.6M | $1.3B |
总债务FNSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益FNSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $2.2B | $5.8B | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.0B | $5.7B | ||
| Q1 25 | $1.9B | $5.9B | ||
| Q4 24 | $1.8B | $6.4B | ||
| Q3 24 | $1.8B | $6.3B | ||
| Q2 24 | $1.7B | $6.3B |
总资产FNSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $3.3B | $7.9B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.8B | $7.7B | ||
| Q1 25 | $2.6B | $7.9B | ||
| Q4 24 | $2.5B | $8.3B | ||
| Q3 24 | $2.4B | $8.3B | ||
| Q2 24 | $2.3B | $8.2B |
负债/权益比FNSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $339.0M |
| 自由现金流率自由现金流/营收 | -0.5% | 32.7% |
| 资本支出强度资本支出/营收 | 4.6% | 5.5% |
| 现金转化率经营现金流/净利润 | 0.41× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $1.1B |
8季度趋势，按日历期对齐
经营现金流FNSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $46.3M | $200.0M | ||
| Q3 25 | $102.6M | — | ||
| Q2 25 | $55.1M | $314.2M | ||
| Q1 25 | $74.2M | $409.4M | ||
| Q4 24 | $115.9M | $377.2M | ||
| Q3 24 | $83.2M | $476.1M | ||
| Q2 24 | $83.1M | $273.4M |
自由现金流FNSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $-5.3M | $144.0M | ||
| Q3 25 | $57.3M | — | ||
| Q2 25 | $4.7M | $252.7M | ||
| Q1 25 | $45.7M | $370.9M | ||
| Q4 24 | $94.0M | $338.2M | ||
| Q3 24 | $62.9M | $393.3M | ||
| Q2 24 | $70.4M | $249.0M |
自由现金流率FNSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | -0.5% | 13.1% | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 0.5% | 26.2% | ||
| Q1 25 | 5.2% | 38.9% | ||
| Q4 24 | 11.3% | 31.7% | ||
| Q3 24 | 7.8% | 38.4% | ||
| Q2 24 | 9.3% | 27.5% |
资本支出强度FNSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 4.6% | 5.1% | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 5.5% | 6.4% | ||
| Q1 25 | 3.3% | 4.0% | ||
| Q4 24 | 2.6% | 3.6% | ||
| Q3 24 | 2.5% | 8.1% | ||
| Q2 24 | 1.7% | 2.7% |
现金转化率FNSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 0.41× | 1.41× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 0.63× | 2.99× | ||
| Q1 25 | 0.91× | 5.96× | ||
| Q4 24 | 1.34× | 2.33× | ||
| Q3 24 | 1.07× | 7.87× | ||
| Q2 24 | 1.02× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
