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飞塔（FTNT）与Identiv, Inc.（INVE）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Identiv, Inc.的309.0倍（$1.9B vs $6.2M）。飞塔净利率更高（26.6% vs -60.3%，领先86.9%）。飞塔同比增速更快（14.8% vs -7.9%）。飞塔自由现金流更多（$577.4M vs $2.8M）。过去两年飞塔的营收复合增速更高（18.6% vs -3.8%）
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。
Identiv是一家在纳斯达克上市的公开交易物联网技术公司，专注于物联网领域相关技术研发与业务落地，为相关行业提供专业的技术解决方案与产品服务。
FTNT vs INVE — 直观对比
营收规模更大
FTNT
是对方的309.0倍
$6.2M
营收增速更快
FTNT
高出22.7%
-7.9%
净利率更高
FTNT
高出86.9%
-60.3%
自由现金流更多
FTNT
多$574.6M
$2.8M
两年增速更快
FTNT
近两年复合增速
-3.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $6.2M |
| 净利润 | $506.0M | $-3.7M |
| 毛利率 | 79.6% | 18.1% |
| 营业利润率 | 32.8% | -76.4% |
| 净利率 | 26.6% | -60.3% |
| 营收同比 | 14.8% | -7.9% |
| 净利润同比 | -3.8% | -948.2% |
| 每股收益（稀释后） | $0.67 | $-0.17 |
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FTNTINVE
| Q4 25 | $1.9B | $6.2M | ||
| Q3 25 | $1.7B | $5.0M | ||
| Q2 25 | $1.6B | $5.0M | ||
| Q1 25 | $1.5B | $5.3M | ||
| Q4 24 | $1.7B | $6.7M | ||
| Q3 24 | $1.5B | $6.5M | ||
| Q2 24 | $1.4B | $6.7M | ||
| Q1 24 | $1.4B | $6.7M |
净利润FTNTINVE
| Q4 25 | $506.0M | $-3.7M | ||
| Q3 25 | $473.9M | $-3.5M | ||
| Q2 25 | $440.1M | $-6.0M | ||
| Q1 25 | $433.4M | $-4.8M | ||
| Q4 24 | $526.2M | $-355.0K | ||
| Q3 24 | $539.9M | $85.9M | ||
| Q2 24 | $379.8M | $-6.2M | ||
| Q1 24 | $299.3M | $-4.6M |
毛利率FTNTINVE
| Q4 25 | 79.6% | 18.1% | ||
| Q3 25 | 80.8% | 10.7% | ||
| Q2 25 | 80.7% | -9.4% | ||
| Q1 25 | 81.0% | 2.5% | ||
| Q4 24 | 81.1% | -14.9% | ||
| Q3 24 | 82.5% | 3.6% | ||
| Q2 24 | 80.8% | 9.1% | ||
| Q1 24 | 77.5% | 7.3% |
营业利润率FTNTINVE
| Q4 25 | 32.8% | -76.4% | ||
| Q3 25 | 31.7% | -111.4% | ||
| Q2 25 | 28.1% | -126.7% | ||
| Q1 25 | 29.5% | -103.8% | ||
| Q4 24 | 34.6% | -98.9% | ||
| Q3 24 | 31.2% | -146.2% | ||
| Q2 24 | 30.5% | -99.7% | ||
| Q1 24 | 23.7% | -76.0% |
净利率FTNTINVE
| Q4 25 | 26.6% | -60.3% | ||
| Q3 25 | 27.5% | -68.9% | ||
| Q2 25 | 27.0% | -119.9% | ||
| Q1 25 | 28.1% | -90.9% | ||
| Q4 24 | 31.7% | -5.3% | ||
| Q3 24 | 35.8% | 1315.8% | ||
| Q2 24 | 26.5% | -92.2% | ||
| Q1 24 | 22.1% | -68.5% |
每股收益（稀释后）FTNTINVE
| Q4 25 | $0.67 | $-0.17 | ||
| Q3 25 | $0.62 | $-0.15 | ||
| Q2 25 | $0.57 | $-0.26 | ||
| Q1 25 | $0.56 | $-0.21 | ||
| Q4 24 | $0.68 | $0.00 | ||
| Q3 24 | $0.70 | $3.62 | ||
| Q2 24 | $0.49 | $-0.27 | ||
| Q1 24 | $0.39 | $-0.21 |
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 | $128.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $140.7M |
| 总资产 | $10.4B | $151.3M |
| 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FTNTINVE
| Q4 25 | $2.5B | $128.6M | ||
| Q3 25 | $2.0B | $126.3M | ||
| Q2 25 | $3.4B | $129.3M | ||
| Q1 25 | $3.6B | $132.4M | ||
| Q4 24 | $2.9B | $135.6M | ||
| Q3 24 | $2.5B | $145.4M | ||
| Q2 24 | $2.2B | $18.4M | ||
| Q1 24 | $1.9B | $21.6M |
股东权益FTNTINVE
| Q4 25 | $1.2B | $140.7M | ||
| Q3 25 | $735.1M | $143.7M | ||
| Q2 25 | $2.1B | $146.4M | ||
| Q1 25 | $2.0B | $150.5M | ||
| Q4 24 | $1.5B | $154.1M | ||
| Q3 24 | $908.1M | $156.7M | ||
| Q2 24 | $288.2M | $65.1M | ||
| Q1 24 | $-137.5M | $70.2M |
总资产FTNTINVE
| Q4 25 | $10.4B | $151.3M | ||
| Q3 25 | $9.4B | $151.0M | ||
| Q2 25 | $10.6B | $153.9M | ||
| Q1 25 | $10.4B | $158.7M | ||
| Q4 24 | $9.8B | $163.2M | ||
| Q3 24 | $8.9B | $177.0M | ||
| Q2 24 | $8.1B | $97.8M | ||
| Q1 24 | $7.7B | $101.8M |
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 | $3.0M |
| 自由现金流经营现金流 - 资本支出 | $577.4M | $2.8M |
| 自由现金流率自由现金流/营收 | 30.3% | 45.8% |
| 资本支出强度资本支出/营收 | 2.2% | 3.3% |
| 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 | $-7.8M |
8季度趋势，按日历期对齐
经营现金流FTNTINVE
| Q4 25 | $620.2M | $3.0M | ||
| Q3 25 | $655.2M | $-2.9M | ||
| Q2 25 | $451.9M | $-3.6M | ||
| Q1 25 | $863.3M | $-3.3M | ||
| Q4 24 | $477.6M | $-5.9M | ||
| Q3 24 | $608.1M | $-7.2M | ||
| Q2 24 | $342.0M | $-993.0K | ||
| Q1 24 | $830.4M | $-1.3M |
自由现金流FTNTINVE
| Q4 25 | $577.4M | $2.8M | ||
| Q3 25 | $567.5M | $-3.2M | ||
| Q2 25 | $284.1M | $-3.8M | ||
| Q1 25 | $796.8M | $-3.6M | ||
| Q4 24 | $380.0M | $-6.5M | ||
| Q3 24 | $571.8M | $-7.7M | ||
| Q2 24 | $318.9M | $-1.1M | ||
| Q1 24 | $608.5M | $-1.5M |
自由现金流率FTNTINVE
| Q4 25 | 30.3% | 45.8% | ||
| Q3 25 | 32.9% | -64.5% | ||
| Q2 25 | 17.4% | -75.8% | ||
| Q1 25 | 51.8% | -68.0% | ||
| Q4 24 | 22.9% | -97.7% | ||
| Q3 24 | 37.9% | -118.2% | ||
| Q2 24 | 22.2% | -16.7% | ||
| Q1 24 | 45.0% | -23.0% |
资本支出强度FTNTINVE
| Q4 25 | 2.2% | 3.3% | ||
| Q3 25 | 5.1% | 7.0% | ||
| Q2 25 | 10.3% | 5.0% | ||
| Q1 25 | 4.3% | 5.7% | ||
| Q4 24 | 5.9% | 9.3% | ||
| Q3 24 | 2.4% | 7.7% | ||
| Q2 24 | 1.6% | 2.0% | ||
| Q1 24 | 16.4% | 3.5% |
现金转化率FTNTINVE
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 1.13× | -0.08× | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 2.77× | — |
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% |
INVE
| Other | $3.4M | 55% |
| Europe And Middle East | $2.2M | 36% |
| Asia Pacific | $575.0K | 9% |
