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飞塔（FTNT）与Gen Digital（GEN）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Gen Digital的1.5倍（$1.9B vs $1.2B），飞塔净利率更高（26.6% vs 15.5%，领先11.1%），Gen Digital同比增速更快（28.5% vs 14.8%），过去两年飞塔的营收复合增速更高（18.6% vs 13.2%）
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。
Gen Digital是一家跨国软件企业，双总部分别设于美国亚利桑那州坦佩和欧盟捷克布拉格，是财富500强企业及标普500指数成分股，同时在纳斯达克与布拉格证券交易所挂牌上市。公司主营网络安全软件、金融科技及相关服务，旗下拥有诺顿、Avast、LifeLock、AVG、CCleaner等多个知名品牌。
FTNT vs GEN — 直观对比
营收规模更大
FTNT
是对方的1.5倍
$1.2B
营收增速更快
GEN
高出13.7%
14.8%
净利率更高
FTNT
高出11.1%
15.5%
两年增速更快
FTNT
近两年复合增速
13.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $506.0M | $192.0M |
| 毛利率 | 79.6% | 78.4% |
| 营业利润率 | 32.8% | 34.9% |
| 净利率 | 26.6% | 15.5% |
| 营收同比 | 14.8% | 28.5% |
| 净利润同比 | -3.8% | 6.1% |
| 每股收益（稀释后） | $0.67 | $0.31 |
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FTNTGEN
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.7B | $986.0M | ||
| Q3 24 | $1.5B | $974.0M | ||
| Q2 24 | $1.4B | $965.0M |
净利润FTNTGEN
| Q1 26 | — | $192.0M | ||
| Q4 25 | $506.0M | $134.0M | ||
| Q3 25 | $473.9M | $135.0M | ||
| Q2 25 | $440.1M | — | ||
| Q1 25 | $433.4M | $142.0M | ||
| Q4 24 | $526.2M | $159.0M | ||
| Q3 24 | $539.9M | $161.0M | ||
| Q2 24 | $379.8M | $181.0M |
毛利率FTNTGEN
| Q1 26 | — | 78.4% | ||
| Q4 25 | 79.6% | 78.2% | ||
| Q3 25 | 80.8% | 78.8% | ||
| Q2 25 | 80.7% | — | ||
| Q1 25 | 81.0% | 80.3% | ||
| Q4 24 | 81.1% | 80.4% | ||
| Q3 24 | 82.5% | 80.1% | ||
| Q2 24 | 80.8% | 80.3% |
营业利润率FTNTGEN
| Q1 26 | — | 34.9% | ||
| Q4 25 | 32.8% | 35.9% | ||
| Q3 25 | 31.7% | 35.5% | ||
| Q2 25 | 28.1% | — | ||
| Q1 25 | 29.5% | 41.3% | ||
| Q4 24 | 34.6% | 37.9% | ||
| Q3 24 | 31.2% | 41.3% | ||
| Q2 24 | 30.5% | 43.2% |
净利率FTNTGEN
| Q1 26 | — | 15.5% | ||
| Q4 25 | 26.6% | 11.0% | ||
| Q3 25 | 27.5% | 10.7% | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 28.1% | 14.1% | ||
| Q4 24 | 31.7% | 16.1% | ||
| Q3 24 | 35.8% | 16.5% | ||
| Q2 24 | 26.5% | 18.8% |
每股收益（稀释后）FTNTGEN
| Q1 26 | — | $0.31 | ||
| Q4 25 | $0.67 | $0.21 | ||
| Q3 25 | $0.62 | $0.22 | ||
| Q2 25 | $0.57 | — | ||
| Q1 25 | $0.56 | $0.22 | ||
| Q4 24 | $0.68 | $0.26 | ||
| Q3 24 | $0.70 | $0.26 | ||
| Q2 24 | $0.49 | $0.29 |
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 | — |
| 总债务越低越好 | — | $8.4B |
| 股东权益账面价值 | $1.2B | $2.3B |
| 总资产 | $10.4B | $15.8B |
| 负债/权益比越低杠杆越低 | — | 3.61× |
8季度趋势，按日历期对齐
现金及短期投资FTNTGEN
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.6B | $1.0B | ||
| Q4 24 | $2.9B | $883.0M | ||
| Q3 24 | $2.5B | $737.0M | ||
| Q2 24 | $2.2B | $644.0M |
总债务FTNTGEN
| Q1 26 | — | $8.4B | ||
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | — | $8.5B | ||
| Q3 24 | — | $8.5B | ||
| Q2 24 | — | $8.5B |
股东权益FTNTGEN
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $735.1M | $2.4B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $1.5B | $2.2B | ||
| Q3 24 | $908.1M | $2.1B | ||
| Q2 24 | $288.2M | $2.0B |
总资产FTNTGEN
| Q1 26 | — | $15.8B | ||
| Q4 25 | $10.4B | $16.1B | ||
| Q3 25 | $9.4B | $16.4B | ||
| Q2 25 | $10.6B | — | ||
| Q1 25 | $10.4B | $15.5B | ||
| Q4 24 | $9.8B | $15.4B | ||
| Q3 24 | $8.9B | $15.5B | ||
| Q2 24 | $8.1B | $15.4B |
负债/权益比FTNTGEN
| Q1 26 | — | 3.61× | ||
| Q4 25 | — | 3.54× | ||
| Q3 25 | — | 3.75× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.64× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 4.06× | ||
| Q2 24 | — | 4.33× |
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 | — |
| 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× | — |
| 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FTNTGEN
| Q1 26 | — | — | ||
| Q4 25 | $620.2M | $541.0M | ||
| Q3 25 | $655.2M | $409.0M | ||
| Q2 25 | $451.9M | — | ||
| Q1 25 | $863.3M | $473.0M | ||
| Q4 24 | $477.6M | $326.0M | ||
| Q3 24 | $608.1M | $158.0M | ||
| Q2 24 | $342.0M | $264.0M |
自由现金流FTNTGEN
| Q1 26 | — | — | ||
| Q4 25 | $577.4M | $535.0M | ||
| Q3 25 | $567.5M | $405.0M | ||
| Q2 25 | $284.1M | — | ||
| Q1 25 | $796.8M | $470.0M | ||
| Q4 24 | $380.0M | $318.0M | ||
| Q3 24 | $571.8M | $156.0M | ||
| Q2 24 | $318.9M | $262.0M |
自由现金流率FTNTGEN
| Q1 26 | — | — | ||
| Q4 25 | 30.3% | 43.9% | ||
| Q3 25 | 32.9% | 32.2% | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 51.8% | 46.5% | ||
| Q4 24 | 22.9% | 32.3% | ||
| Q3 24 | 37.9% | 16.0% | ||
| Q2 24 | 22.2% | 27.2% |
资本支出强度FTNTGEN
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 0.5% | ||
| Q3 25 | 5.1% | 0.3% | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 4.3% | 0.3% | ||
| Q4 24 | 5.9% | 0.8% | ||
| Q3 24 | 2.4% | 0.2% | ||
| Q2 24 | 1.6% | 0.2% |
现金转化率FTNTGEN
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 4.04× | ||
| Q3 25 | 1.38× | 3.03× | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.99× | 3.33× | ||
| Q4 24 | 0.91× | 2.05× | ||
| Q3 24 | 1.13× | 0.98× | ||
| Q2 24 | 0.90× | 1.46× |
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% |
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
