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飞塔（FTNT）与GREIF, INC（GEF）财务数据对比。点击上方公司名可切换其他公司
飞塔的季度营收约是GREIF, INC的1.9倍（$1.9B vs $994.8M），飞塔净利率更高（26.6% vs 17.6%，领先9.0%），飞塔同比增速更快（14.8% vs -21.4%），过去两年飞塔的营收复合增速更高（18.6% vs -9.2%）
飞塔（Fortinet）是总部位于美国加利福尼亚州森尼韦尔的网络安全企业，专注于研发与销售防火墙、终端安全、入侵检测系统等各类网络安全产品，目前在美国、加拿大、英国等多个国家设有办事机构。
格瑞夫公司是全球工业包装产品及服务领域的领先企业，总部位于美国俄亥俄州特拉华市。公司最初以制桶业务起家，目前核心产品涵盖钢桶、纤维桶、塑料桶、中型散装容器、油桶、塑料瓶、密封件、箱板纸、瓦楞制品及粘合剂等，2018年位列《财富》美国1000强第617位。
FTNT vs GEF — 直观对比
营收规模更大
FTNT
是对方的1.9倍
$994.8M
营收增速更快
FTNT
高出36.2%
-21.4%
净利率更高
FTNT
高出9.0%
17.6%
两年增速更快
FTNT
近两年复合增速
-9.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $994.8M |
| 净利润 | $506.0M | $174.6M |
| 毛利率 | 79.6% | 20.4% |
| 营业利润率 | 32.8% | 25.8% |
| 净利率 | 26.6% | 17.6% |
| 营收同比 | 14.8% | -21.4% |
| 净利润同比 | -3.8% | 1930.2% |
| 每股收益（稀释后） | $0.67 | — |
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FTNTGEF
| Q4 25 | $1.9B | $994.8M | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.4B | $1.2B |
净利润FTNTGEF
| Q4 25 | $506.0M | $174.6M | ||
| Q3 25 | $473.9M | $64.0M | ||
| Q2 25 | $440.1M | $47.3M | ||
| Q1 25 | $433.4M | $8.6M | ||
| Q4 24 | $526.2M | $70.1M | ||
| Q3 24 | $539.9M | $87.1M | ||
| Q2 24 | $379.8M | $44.4M | ||
| Q1 24 | $299.3M | $67.2M |
毛利率FTNTGEF
| Q4 25 | 79.6% | 20.4% | ||
| Q3 25 | 80.8% | 22.7% | ||
| Q2 25 | 80.7% | 23.1% | ||
| Q1 25 | 81.0% | 19.4% | ||
| Q4 24 | 81.1% | 20.4% | ||
| Q3 24 | 82.5% | 20.0% | ||
| Q2 24 | 80.8% | 19.7% | ||
| Q1 24 | 77.5% | 18.4% |
营业利润率FTNTGEF
| Q4 25 | 32.8% | 25.8% | ||
| Q3 25 | 31.7% | 6.4% | ||
| Q2 25 | 28.1% | 8.6% | ||
| Q1 25 | 29.5% | 4.7% | ||
| Q4 24 | 34.6% | 8.9% | ||
| Q3 24 | 31.2% | 11.8% | ||
| Q2 24 | 30.5% | 7.2% | ||
| Q1 24 | 23.7% | 5.7% |
净利率FTNTGEF
| Q4 25 | 26.6% | 17.6% | ||
| Q3 25 | 27.5% | 5.6% | ||
| Q2 25 | 27.0% | 3.4% | ||
| Q1 25 | 28.1% | 0.7% | ||
| Q4 24 | 31.7% | 4.9% | ||
| Q3 24 | 35.8% | 6.0% | ||
| Q2 24 | 26.5% | 3.2% | ||
| Q1 24 | 22.1% | 5.6% |
每股收益（稀释后）FTNTGEF
| Q4 25 | $0.67 | — | ||
| Q3 25 | $0.62 | — | ||
| Q2 25 | $0.57 | — | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.68 | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $0.49 | — | ||
| Q1 24 | $0.39 | — |
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 | $2.5B | $243.5M |
| 总债务越低越好 | — | $655.1M |
| 股东权益账面价值 | $1.2B | $2.9B |
| 总资产 | $10.4B | $5.5B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资FTNTGEF
| Q4 25 | $2.5B | $243.5M | ||
| Q3 25 | $2.0B | $285.2M | ||
| Q2 25 | $3.4B | $252.7M | ||
| Q1 25 | $3.6B | $201.1M | ||
| Q4 24 | $2.9B | $197.7M | ||
| Q3 24 | $2.5B | $194.2M | ||
| Q2 24 | $2.2B | $196.0M | ||
| Q1 24 | $1.9B | $179.3M |
总债务FTNTGEF
| Q4 25 | — | $655.1M | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.3B |
股东权益FTNTGEF
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | $735.1M | $2.2B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.0B | $2.0B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $908.1M | $2.1B | ||
| Q2 24 | $288.2M | $2.0B | ||
| Q1 24 | $-137.5M | $2.0B |
总资产FTNTGEF
| Q4 25 | $10.4B | $5.5B | ||
| Q3 25 | $9.4B | $6.7B | ||
| Q2 25 | $10.6B | $6.8B | ||
| Q1 25 | $10.4B | $6.6B | ||
| Q4 24 | $9.8B | $6.6B | ||
| Q3 24 | $8.9B | $6.8B | ||
| Q2 24 | $8.1B | $6.8B | ||
| Q1 24 | $7.7B | $6.0B |
负债/权益比FTNTGEF
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.44× | ||
| Q1 24 | — | 1.15× |
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 | $620.2M | $-24.4M |
| 自由现金流经营现金流 - 资本支出 | $577.4M | — |
| 自由现金流率自由现金流/营收 | 30.3% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.23× | -0.14× |
| 过去12个月自由现金流最近4个季度 | $2.2B | — |
8季度趋势，按日历期对齐
经营现金流FTNTGEF
| Q4 25 | $620.2M | $-24.4M | ||
| Q3 25 | $655.2M | $197.7M | ||
| Q2 25 | $451.9M | $136.4M | ||
| Q1 25 | $863.3M | $-30.8M | ||
| Q4 24 | $477.6M | $187.2M | ||
| Q3 24 | $608.1M | $76.8M | ||
| Q2 24 | $342.0M | $87.5M | ||
| Q1 24 | $830.4M | $4.5M |
自由现金流FTNTGEF
| Q4 25 | $577.4M | — | ||
| Q3 25 | $567.5M | — | ||
| Q2 25 | $284.1M | — | ||
| Q1 25 | $796.8M | — | ||
| Q4 24 | $380.0M | — | ||
| Q3 24 | $571.8M | — | ||
| Q2 24 | $318.9M | — | ||
| Q1 24 | $608.5M | — |
自由现金流率FTNTGEF
| Q4 25 | 30.3% | — | ||
| Q3 25 | 32.9% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 51.8% | — | ||
| Q4 24 | 22.9% | — | ||
| Q3 24 | 37.9% | — | ||
| Q2 24 | 22.2% | — | ||
| Q1 24 | 45.0% | — |
资本支出强度FTNTGEF
| Q4 25 | 2.2% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 16.4% | — |
现金转化率FTNTGEF
| Q4 25 | 1.23× | -0.14× | ||
| Q3 25 | 1.38× | 3.09× | ||
| Q2 25 | 1.03× | 2.88× | ||
| Q1 25 | 1.99× | -3.58× | ||
| Q4 24 | 0.91× | 2.67× | ||
| Q3 24 | 1.13× | 0.88× | ||
| Q2 24 | 0.90× | 1.97× | ||
| Q1 24 | 2.77× | 0.07× |
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
FTNT
| Services | $1.2B | 64% |
| Security Subscription | $693.7M | 36% |
GEF
| Other | $501.0M | 50% |
| Sustainable Fiber Solutions Segment | $300.4M | 30% |
| Customized Polymer Solutions Segment | $124.8M | 13% |
| Durable Metal Solutions Segment | $62.5M | 6% |
| Innovative Closure Solutions Segment | $6.1M | 1% |
