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飞塔（FTNT）与Knight-Swift Transportation Holdings Inc.（KNX）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Knight-Swift Transportation Holdings Inc.的1.0倍（$1.9B vs $1.9B），飞塔净利率更高（26.6% vs 0.0%，领先26.6%），飞塔同比增速更快（14.8% vs 1.4%），飞塔自由现金流更多（$577.4M vs $56.9M），过去两年飞塔的营收复合增速更高（18.6% vs 0.1%）
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。
Knight-Swift是美国知名整车公路货运服务商，总部位于亚利桑那州菲尼克斯。该集团由同在菲尼克斯的Swift运输与Knight运输于2017年合并成立，旗下货运网络覆盖北美主要区域，为各行业客户提供专业可靠的整车物流运输服务。
FTNT vs KNX — 直观对比
营收规模更大
FTNT
是对方的1.0倍
$1.9B
营收增速更快
FTNT
高出13.3%
1.4%
净利率更高
FTNT
高出26.6%
0.0%
自由现金流更多
FTNT
多$520.5M
$56.9M
两年增速更快
FTNT
近两年复合增速
0.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.9B |
| 净利润 | $506.0M | $96.0K |
| 毛利率 | 79.6% | — |
| 营业利润率 | 32.8% | 1.5% |
| 净利率 | 26.6% | 0.0% |
| 营收同比 | 14.8% | 1.4% |
| 净利润同比 | -3.8% | -76.6% |
| 每股收益（稀释后） | $0.67 | $-0.01 |
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FTNTKNX
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.9B | $1.9B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.4B | $1.8B |
净利润FTNTKNX
| Q1 26 | — | $96.0K | ||
| Q4 25 | $506.0M | $-6.8M | ||
| Q3 25 | $473.9M | $7.9M | ||
| Q2 25 | $440.1M | $34.2M | ||
| Q1 25 | $433.4M | $30.6M | ||
| Q4 24 | $526.2M | $69.5M | ||
| Q3 24 | $539.9M | $30.5M | ||
| Q2 24 | $379.8M | $20.3M |
毛利率FTNTKNX
| Q1 26 | — | — | ||
| Q4 25 | 79.6% | — | ||
| Q3 25 | 80.8% | — | ||
| Q2 25 | 80.7% | — | ||
| Q1 25 | 81.0% | — | ||
| Q4 24 | 81.1% | — | ||
| Q3 24 | 82.5% | — | ||
| Q2 24 | 80.8% | — |
营业利润率FTNTKNX
| Q1 26 | — | 1.5% | ||
| Q4 25 | 32.8% | 1.4% | ||
| Q3 25 | 31.7% | 2.6% | ||
| Q2 25 | 28.1% | 3.9% | ||
| Q1 25 | 29.5% | 3.7% | ||
| Q4 24 | 34.6% | 4.2% | ||
| Q3 24 | 31.2% | 4.3% | ||
| Q2 24 | 30.5% | 3.4% |
净利率FTNTKNX
| Q1 26 | — | 0.0% | ||
| Q4 25 | 26.6% | -0.4% | ||
| Q3 25 | 27.5% | 0.4% | ||
| Q2 25 | 27.0% | 1.8% | ||
| Q1 25 | 28.1% | 1.7% | ||
| Q4 24 | 31.7% | 3.7% | ||
| Q3 24 | 35.8% | 1.6% | ||
| Q2 24 | 26.5% | 1.1% |
每股收益（稀释后）FTNTKNX
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $0.67 | $-0.04 | ||
| Q3 25 | $0.62 | $0.05 | ||
| Q2 25 | $0.57 | $0.21 | ||
| Q1 25 | $0.56 | $0.19 | ||
| Q4 24 | $0.68 | $0.43 | ||
| Q3 24 | $0.70 | $0.19 | ||
| Q2 24 | $0.49 | $0.13 |
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 | $222.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $7.1B |
| 总资产 | $10.4B | $11.9B |
| 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FTNTKNX
| Q1 26 | — | $222.8M | ||
| Q4 25 | $2.5B | $220.4M | ||
| Q3 25 | $2.0B | $192.7M | ||
| Q2 25 | $3.4B | $216.3M | ||
| Q1 25 | $3.6B | $209.5M | ||
| Q4 24 | $2.9B | $218.3M | ||
| Q3 24 | $2.5B | $166.3M | ||
| Q2 24 | $2.2B | $186.5M |
总债务FTNTKNX
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.6B |
股东权益FTNTKNX
| Q1 26 | — | $7.1B | ||
| Q4 25 | $1.2B | $7.1B | ||
| Q3 25 | $735.1M | $7.1B | ||
| Q2 25 | $2.1B | $7.1B | ||
| Q1 25 | $2.0B | $7.1B | ||
| Q4 24 | $1.5B | $7.1B | ||
| Q3 24 | $908.1M | $7.1B | ||
| Q2 24 | $288.2M | $7.1B |
总资产FTNTKNX
| Q1 26 | — | $11.9B | ||
| Q4 25 | $10.4B | $12.0B | ||
| Q3 25 | $9.4B | $12.6B | ||
| Q2 25 | $10.6B | $12.5B | ||
| Q1 25 | $10.4B | $12.6B | ||
| Q4 24 | $9.8B | $12.7B | ||
| Q3 24 | $8.9B | $12.8B | ||
| Q2 24 | $8.1B | $12.6B |
负债/权益比FTNTKNX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.23× |
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 | $142.5M |
| 自由现金流经营现金流 - 资本支出 | $577.4M | $56.9M |
| 自由现金流率自由现金流/营收 | 30.3% | 3.1% |
| 资本支出强度资本支出/营收 | 2.2% | 4.6% |
| 现金转化率经营现金流/净利润 | 1.23× | 1484.79× |
| 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FTNTKNX
| Q1 26 | — | $142.5M | ||
| Q4 25 | $620.2M | $723.2M | ||
| Q3 25 | $655.2M | $217.5M | ||
| Q2 25 | $451.9M | $216.5M | ||
| Q1 25 | $863.3M | $109.4M | ||
| Q4 24 | $477.6M | $274.3M | ||
| Q3 24 | $608.1M | $214.0M | ||
| Q2 24 | $342.0M | $273.4M |
自由现金流FTNTKNX
| Q1 26 | — | $56.9M | ||
| 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 | — |
自由现金流率FTNTKNX
| Q1 26 | — | 3.1% | ||
| 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% | — |
资本支出强度FTNTKNX
| Q1 26 | — | 4.6% | ||
| 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% | — |
现金转化率FTNTKNX
| Q1 26 | — | 1484.79× | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.38× | 27.67× | ||
| Q2 25 | 1.03× | 6.32× | ||
| Q1 25 | 1.99× | 3.57× | ||
| Q4 24 | 0.91× | 3.95× | ||
| Q3 24 | 1.13× | 7.03× | ||
| Q2 24 | 0.90× | 13.47× |
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% |
KNX
| Revenue, excluding truckload and LTL fuel surcharge | $1.6B | 89% |
| Truckload and LTL fuel surcharge | $212.2M | 11% |
