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Fastly, Inc.（FSLY）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
Fastly, Inc.的季度营收约是null的1.7倍（$172.6M vs $100.0M），null净利率更高（-7.0% vs -9.0%，领先2.0%），Fastly, Inc.同比增速更快（22.8% vs 14.5%），null自由现金流更多（$14.1M vs $12.2M），过去两年Fastly, Inc.的营收复合增速更高（13.7% vs -4.9%）
Fastly是总部位于美国旧金山的云计算服务商，主营内容分发网络（CDN）、图片优化、负载均衡服务，同时提供DDoS攻击防护、机器人流量治理、Web应用防火墙等云安全解决方案，助力企业提升网络访问效率与安全防护能力。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
FSLY vs SWIM — 直观对比
营收规模更大
FSLY
是对方的1.7倍
$100.0M
营收增速更快
FSLY
高出8.3%
14.5%
净利率更高
SWIM
高出2.0%
-9.0%
自由现金流更多
SWIM
多$1.8M
$12.2M
两年增速更快
FSLY
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $172.6M | $100.0M |
| 净利润 | $-15.5M | $-7.0M |
| 毛利率 | 61.4% | 28.0% |
| 营业利润率 | -8.7% | -10.7% |
| 净利率 | -9.0% | -7.0% |
| 营收同比 | 22.8% | 14.5% |
| 净利润同比 | 52.9% | 76.0% |
| 每股收益（稀释后） | $-0.10 | $-0.06 |
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FSLYSWIM
| Q4 25 | $172.6M | $100.0M | ||
| Q3 25 | $158.2M | $161.9M | ||
| Q2 25 | $148.7M | $172.6M | ||
| Q1 25 | $144.5M | $111.4M | ||
| Q4 24 | $140.6M | $87.3M | ||
| Q3 24 | $137.2M | $150.5M | ||
| Q2 24 | $132.4M | $160.1M | ||
| Q1 24 | $133.5M | $110.6M |
净利润FSLYSWIM
| Q4 25 | $-15.5M | $-7.0M | ||
| Q3 25 | $-29.5M | $8.1M | ||
| Q2 25 | $-37.5M | $16.0M | ||
| Q1 25 | $-39.1M | $-6.0M | ||
| Q4 24 | $-32.9M | $-29.2M | ||
| Q3 24 | $-38.0M | $5.9M | ||
| Q2 24 | $-43.7M | $13.3M | ||
| Q1 24 | $-43.4M | $-7.9M |
毛利率FSLYSWIM
| Q4 25 | 61.4% | 28.0% | ||
| Q3 25 | 58.4% | 35.4% | ||
| Q2 25 | 54.5% | 37.1% | ||
| Q1 25 | 53.2% | 29.5% | ||
| Q4 24 | 53.4% | 24.6% | ||
| Q3 24 | 54.5% | 32.4% | ||
| Q2 24 | 55.1% | 33.1% | ||
| Q1 24 | 54.8% | 27.7% |
营业利润率FSLYSWIM
| Q4 25 | -8.7% | -10.7% | ||
| Q3 25 | -18.2% | 13.3% | ||
| Q2 25 | -24.8% | 14.3% | ||
| Q1 25 | -26.4% | -4.4% | ||
| Q4 24 | -24.4% | -14.9% | ||
| Q3 24 | -29.6% | 8.9% | ||
| Q2 24 | -35.3% | 12.5% | ||
| Q1 24 | -34.6% | -1.9% |
净利率FSLYSWIM
| Q4 25 | -9.0% | -7.0% | ||
| Q3 25 | -18.6% | 5.0% | ||
| Q2 25 | -25.2% | 9.3% | ||
| Q1 25 | -27.1% | -5.4% | ||
| Q4 24 | -23.4% | -33.4% | ||
| Q3 24 | -27.7% | 3.9% | ||
| Q2 24 | -33.0% | 8.3% | ||
| Q1 24 | -32.5% | -7.1% |
每股收益（稀释后）FSLYSWIM
| Q4 25 | $-0.10 | $-0.06 | ||
| Q3 25 | $-0.20 | $0.07 | ||
| Q2 25 | $-0.26 | $0.13 | ||
| Q1 25 | $-0.27 | $-0.05 | ||
| Q4 24 | $-0.23 | $-0.24 | ||
| Q3 24 | $-0.27 | $0.05 | ||
| Q2 24 | $-0.32 | $0.11 | ||
| Q1 24 | $-0.32 | $-0.07 |
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 | $361.8M | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $929.6M | $405.9M |
| 总资产 | $1.5B | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资FSLYSWIM
| Q4 25 | $361.8M | — | ||
| Q3 25 | $342.9M | — | ||
| Q2 25 | $321.2M | — | ||
| Q1 25 | $307.3M | — | ||
| Q4 24 | $295.9M | — | ||
| Q3 24 | $308.2M | — | ||
| Q2 24 | $311.8M | — | ||
| Q1 24 | $329.5M | — |
总债务FSLYSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益FSLYSWIM
| Q4 25 | $929.6M | $405.9M | ||
| Q3 25 | $937.0M | $408.4M | ||
| Q2 25 | $942.6M | $398.4M | ||
| Q1 25 | $957.0M | $381.1M | ||
| Q4 24 | $965.3M | $387.2M | ||
| Q3 24 | $969.5M | $416.6M | ||
| Q2 24 | $981.2M | $408.1M | ||
| Q1 24 | $991.8M | $391.8M |
总资产FSLYSWIM
| Q4 25 | $1.5B | $823.2M | ||
| Q3 25 | $1.5B | $844.4M | ||
| Q2 25 | $1.5B | $822.1M | ||
| Q1 25 | $1.4B | $824.6M | ||
| Q4 24 | $1.5B | $794.2M | ||
| Q3 24 | $1.5B | $853.4M | ||
| Q2 24 | $1.5B | $830.0M | ||
| Q1 24 | $1.5B | $808.6M |
负债/权益比FSLYSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $22.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $12.2M | $14.1M |
| 自由现金流率自由现金流/营收 | 7.1% | 14.1% |
| 资本支出强度资本支出/营收 | 5.9% | 9.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $65.8M | $38.0M |
8季度趋势，按日历期对齐
经营现金流FSLYSWIM
| Q4 25 | $22.4M | $23.3M | ||
| Q3 25 | $28.9M | $51.0M | ||
| Q2 25 | $25.8M | $36.0M | ||
| Q1 25 | $17.3M | $-46.9M | ||
| Q4 24 | $5.2M | $6.2M | ||
| Q3 24 | $5.0M | $37.2M | ||
| Q2 24 | $-4.9M | $52.4M | ||
| Q1 24 | $11.1M | $-34.5M |
自由现金流FSLYSWIM
| Q4 25 | $12.2M | $14.1M | ||
| Q3 25 | $22.9M | $45.2M | ||
| Q2 25 | $15.9M | $29.1M | ||
| Q1 25 | $14.7M | $-50.3M | ||
| Q4 24 | $251.0K | $-98.0K | ||
| Q3 24 | $3.0M | $33.2M | ||
| Q2 24 | $-6.7M | $47.9M | ||
| Q1 24 | $9.5M | $-39.9M |
自由现金流率FSLYSWIM
| Q4 25 | 7.1% | 14.1% | ||
| Q3 25 | 14.5% | 27.9% | ||
| Q2 25 | 10.7% | 16.8% | ||
| Q1 25 | 10.2% | -45.2% | ||
| Q4 24 | 0.2% | -0.1% | ||
| Q3 24 | 2.2% | 22.1% | ||
| Q2 24 | -5.1% | 29.9% | ||
| Q1 24 | 7.1% | -36.0% |
资本支出强度FSLYSWIM
| Q4 25 | 5.9% | 9.2% | ||
| Q3 25 | 3.8% | 3.6% | ||
| Q2 25 | 6.6% | 4.0% | ||
| Q1 25 | 1.8% | 3.1% | ||
| Q4 24 | 3.5% | 7.2% | ||
| Q3 24 | 1.5% | 2.7% | ||
| Q2 24 | 1.3% | 2.8% | ||
| Q1 24 | 1.2% | 4.8% |
现金转化率FSLYSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | — |
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
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
