vs
Fabrinet（FN）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）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ADVANCED DRAINAGE SYSTEMS, INC.的1.6倍（$1.1B vs $693.4M），ADVANCED DRAINAGE SYSTEMS, INC.净利率更高（13.5% vs 9.9%，领先3.6%），Fabrinet同比增速更快（35.9% vs 0.4%），ADVANCED DRAINAGE SYSTEMS, INC.自由现金流更多（$183.6M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 3.0%）
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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
FN vs WMS — 直观对比
营收规模更大
FN
是对方的1.6倍
$693.4M
营收增速更快
FN
高出35.5%
0.4%
净利率更高
WMS
高出3.6%
9.9%
自由现金流更多
WMS
多$188.9M
$-5.3M
两年增速更快
FN
近两年复合增速
3.0%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $693.4M |
| 净利润 | $112.6M | $93.6M |
| 毛利率 | 12.2% | 37.4% |
| 营业利润率 | 10.1% | 19.7% |
| 净利率 | 9.9% | 13.5% |
| 营收同比 | 35.9% | 0.4% |
| 净利润同比 | 30.0% | 15.3% |
| 每股收益（稀释后） | $3.11 | $1.19 |
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FNWMS
| Q4 25 | $1.1B | $693.4M | ||
| Q3 25 | $978.1M | $850.4M | ||
| Q2 25 | $909.7M | $829.9M | ||
| Q1 25 | $871.8M | $615.8M | ||
| Q4 24 | $833.6M | $690.5M | ||
| Q3 24 | $804.2M | $782.6M | ||
| Q2 24 | $753.3M | $815.3M | ||
| Q1 24 | $731.5M | $653.8M |
净利润FNWMS
| Q4 25 | $112.6M | $93.6M | ||
| Q3 25 | $95.9M | $156.0M | ||
| Q2 25 | $87.2M | $143.9M | ||
| Q1 25 | $81.3M | $77.2M | ||
| Q4 24 | $86.6M | $81.2M | ||
| Q3 24 | $77.4M | $130.4M | ||
| Q2 24 | $81.1M | $161.4M | ||
| Q1 24 | $80.9M | $94.8M |
毛利率FNWMS
| Q4 25 | 12.2% | 37.4% | ||
| Q3 25 | 11.9% | 40.0% | ||
| Q2 25 | 12.2% | 39.8% | ||
| Q1 25 | 11.7% | 36.7% | ||
| Q4 24 | 12.1% | 35.0% | ||
| Q3 24 | 12.3% | 37.6% | ||
| Q2 24 | 12.3% | 40.8% | ||
| Q1 24 | 12.4% | 38.5% |
营业利润率FNWMS
| Q4 25 | 10.1% | 19.7% | ||
| Q3 25 | 9.6% | 26.3% | ||
| Q2 25 | 9.8% | 24.8% | ||
| Q1 25 | 9.0% | 19.0% | ||
| Q4 24 | 9.5% | 18.4% | ||
| Q3 24 | 9.6% | 23.9% | ||
| Q2 24 | 9.7% | 27.7% | ||
| Q1 24 | 9.7% | 20.7% |
净利率FNWMS
| Q4 25 | 9.9% | 13.5% | ||
| Q3 25 | 9.8% | 18.3% | ||
| Q2 25 | 9.6% | 17.3% | ||
| Q1 25 | 9.3% | 12.5% | ||
| Q4 24 | 10.4% | 11.8% | ||
| Q3 24 | 9.6% | 16.7% | ||
| Q2 24 | 10.8% | 19.8% | ||
| Q1 24 | 11.1% | 14.5% |
每股收益（稀释后）FNWMS
| Q4 25 | $3.11 | $1.19 | ||
| Q3 25 | $2.66 | $1.99 | ||
| Q2 25 | $2.41 | $1.84 | ||
| Q1 25 | $2.25 | $0.99 | ||
| Q4 24 | $2.38 | $1.04 | ||
| Q3 24 | $2.13 | $1.67 | ||
| Q2 24 | $2.22 | $2.06 | ||
| Q1 24 | $2.21 | $1.22 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | $1.9B |
| 总资产 | $3.3B | $4.1B |
| 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FNWMS
| Q4 25 | $960.8M | $1.0B | ||
| Q3 25 | $968.8M | $812.9M | ||
| Q2 25 | $934.2M | $638.3M | ||
| Q1 25 | $950.7M | $463.3M | ||
| Q4 24 | $934.6M | $488.9M | ||
| Q3 24 | $908.9M | $613.0M | ||
| Q2 24 | $858.6M | $541.6M | ||
| Q1 24 | $794.0M | $490.2M |
总债务FNWMS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.3B |
股东权益FNWMS
| Q4 25 | $2.2B | $1.9B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.7B | $1.2B |
总资产FNWMS
| Q4 25 | $3.3B | $4.1B | ||
| Q3 25 | $3.0B | $4.1B | ||
| Q2 25 | $2.8B | $3.9B | ||
| Q1 25 | $2.6B | $3.7B | ||
| Q4 24 | $2.5B | $3.6B | ||
| Q3 24 | $2.4B | $3.5B | ||
| Q2 24 | $2.3B | $3.4B | ||
| Q1 24 | $2.2B | $3.3B |
负债/权益比FNWMS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $183.6M |
| 自由现金流率自由现金流/营收 | -0.5% | 26.5% |
| 资本支出强度资本支出/营收 | 4.6% | 12.4% |
| 现金转化率经营现金流/净利润 | 0.41× | 2.88× |
| 过去12个月自由现金流最近4个季度 | $102.3M | $577.1M |
8季度趋势，按日历期对齐
经营现金流FNWMS
| Q4 25 | $46.3M | $269.3M | ||
| Q3 25 | $102.6M | $234.9M | ||
| Q2 25 | $55.1M | $275.0M | ||
| Q1 25 | $74.2M | $41.2M | ||
| Q4 24 | $115.9M | $189.9M | ||
| Q3 24 | $83.2M | $166.9M | ||
| Q2 24 | $83.1M | $183.4M | ||
| Q1 24 | $100.9M | $17.7M |
自由现金流FNWMS
| Q4 25 | $-5.3M | $183.6M | ||
| Q3 25 | $57.3M | $176.4M | ||
| Q2 25 | $4.7M | $222.4M | ||
| Q1 25 | $45.7M | $-5.3M | ||
| Q4 24 | $94.0M | $135.7M | ||
| Q3 24 | $62.9M | $112.4M | ||
| Q2 24 | $70.4M | $125.7M | ||
| Q1 24 | $87.3M | $-29.8M |
自由现金流率FNWMS
| Q4 25 | -0.5% | 26.5% | ||
| Q3 25 | 5.9% | 20.7% | ||
| Q2 25 | 0.5% | 26.8% | ||
| Q1 25 | 5.2% | -0.9% | ||
| Q4 24 | 11.3% | 19.7% | ||
| Q3 24 | 7.8% | 14.4% | ||
| Q2 24 | 9.3% | 15.4% | ||
| Q1 24 | 11.9% | -4.6% |
资本支出强度FNWMS
| Q4 25 | 4.6% | 12.4% | ||
| Q3 25 | 4.6% | 6.9% | ||
| Q2 25 | 5.5% | 6.3% | ||
| Q1 25 | 3.3% | 7.6% | ||
| Q4 24 | 2.6% | 7.9% | ||
| Q3 24 | 2.5% | 7.0% | ||
| Q2 24 | 1.7% | 7.1% | ||
| Q1 24 | 1.9% | 7.3% |
现金转化率FNWMS
| Q4 25 | 0.41× | 2.88× | ||
| Q3 25 | 1.07× | 1.51× | ||
| Q2 25 | 0.63× | 1.91× | ||
| Q1 25 | 0.91× | 0.53× | ||
| Q4 24 | 1.34× | 2.34× | ||
| Q3 24 | 1.07× | 1.28× | ||
| Q2 24 | 1.02× | 1.14× | ||
| Q1 24 | 1.25× | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
