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飞塔（FTNT）与LKQ Corporation（LKQ）财务数据对比。点击上方公司名可切换其他公司
LKQ Corporation的季度营收约是飞塔的1.6倍（$3.0B vs $1.9B），飞塔净利率更高（26.6% vs 2.2%，领先24.4%），飞塔同比增速更快（14.8% vs -9.2%），飞塔自由现金流更多（$577.4M vs $274.0M），过去两年飞塔的营收复合增速更高（18.6% vs -9.3%）
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。
LKQ Corporation是来自美国的汽车及其他车辆替代性、特种零配件供应商，主营业务为各类车辆维修、改装所需的替换系统、组件、设备及零配件销售，服务覆盖乘用车、卡车、休闲车、性能车等多种车型，业务网络遍及北美、欧洲及中国台湾地区。
FTNT vs LKQ — 直观对比
营收规模更大
LKQ
是对方的1.6倍
$1.9B
营收增速更快
FTNT
高出24.0%
-9.2%
净利率更高
FTNT
高出24.4%
2.2%
自由现金流更多
FTNT
多$303.4M
$274.0M
两年增速更快
FTNT
近两年复合增速
-9.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.0B |
| 净利润 | $506.0M | $66.0M |
| 毛利率 | 79.6% | 37.2% |
| 营业利润率 | 32.8% | 3.9% |
| 净利率 | 26.6% | 2.2% |
| 营收同比 | 14.8% | -9.2% |
| 净利润同比 | -3.8% | -58.0% |
| 每股收益（稀释后） | $0.67 | $0.25 |
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FTNTLKQ
| Q4 25 | $1.9B | $3.0B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.6B | $3.6B | ||
| Q1 25 | $1.5B | $3.5B | ||
| Q4 24 | $1.7B | $3.4B | ||
| Q3 24 | $1.5B | $3.6B | ||
| Q2 24 | $1.4B | $3.7B | ||
| Q1 24 | $1.4B | $3.7B |
净利润FTNTLKQ
| Q4 25 | $506.0M | $66.0M | ||
| Q3 25 | $473.9M | $180.0M | ||
| Q2 25 | $440.1M | $193.0M | ||
| Q1 25 | $433.4M | $169.0M | ||
| Q4 24 | $526.2M | $157.0M | ||
| Q3 24 | $539.9M | $192.0M | ||
| Q2 24 | $379.8M | $186.0M | ||
| Q1 24 | $299.3M | $158.0M |
毛利率FTNTLKQ
| Q4 25 | 79.6% | 37.2% | ||
| Q3 25 | 80.8% | 38.3% | ||
| Q2 25 | 80.7% | 38.8% | ||
| Q1 25 | 81.0% | 39.8% | ||
| Q4 24 | 81.1% | 39.5% | ||
| Q3 24 | 82.5% | 38.9% | ||
| Q2 24 | 80.8% | 38.8% | ||
| Q1 24 | 77.5% | 39.2% |
营业利润率FTNTLKQ
| Q4 25 | 32.8% | 3.9% | ||
| Q3 25 | 31.7% | 7.8% | ||
| Q2 25 | 28.1% | 8.6% | ||
| Q1 25 | 29.5% | 8.3% | ||
| Q4 24 | 34.6% | 8.1% | ||
| Q3 24 | 31.2% | 8.6% | ||
| Q2 24 | 30.5% | 8.9% | ||
| Q1 24 | 23.7% | 7.8% |
净利率FTNTLKQ
| Q4 25 | 26.6% | 2.2% | ||
| Q3 25 | 27.5% | 5.1% | ||
| Q2 25 | 27.0% | 5.3% | ||
| Q1 25 | 28.1% | 4.9% | ||
| Q4 24 | 31.7% | 4.7% | ||
| Q3 24 | 35.8% | 5.4% | ||
| Q2 24 | 26.5% | 5.0% | ||
| Q1 24 | 22.1% | 4.3% |
每股收益（稀释后）FTNTLKQ
| Q4 25 | $0.67 | $0.25 | ||
| Q3 25 | $0.62 | $0.70 | ||
| Q2 25 | $0.57 | $0.75 | ||
| Q1 25 | $0.56 | $0.65 | ||
| Q4 24 | $0.68 | $0.60 | ||
| Q3 24 | $0.70 | $0.73 | ||
| Q2 24 | $0.49 | $0.70 | ||
| Q1 24 | $0.39 | $0.59 |
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 | $319.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $6.5B |
| 总资产 | $10.4B | $15.1B |
| 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FTNTLKQ
| Q4 25 | $2.5B | $319.0M | ||
| Q3 25 | $2.0B | $289.0M | ||
| Q2 25 | $3.4B | $289.0M | ||
| Q1 25 | $3.6B | $227.0M | ||
| Q4 24 | $2.9B | $234.0M | ||
| Q3 24 | $2.5B | $353.0M | ||
| Q2 24 | $2.2B | $276.0M | ||
| Q1 24 | $1.9B | $344.0M |
股东权益FTNTLKQ
| Q4 25 | $1.2B | $6.5B | ||
| Q3 25 | $735.1M | $6.6B | ||
| Q2 25 | $2.1B | $6.5B | ||
| Q1 25 | $2.0B | $6.2B | ||
| Q4 24 | $1.5B | $6.0B | ||
| Q3 24 | $908.1M | $6.2B | ||
| Q2 24 | $288.2M | $6.1B | ||
| Q1 24 | $-137.5M | $6.2B |
总资产FTNTLKQ
| Q4 25 | $10.4B | $15.1B | ||
| Q3 25 | $9.4B | $15.6B | ||
| Q2 25 | $10.6B | $15.9B | ||
| Q1 25 | $10.4B | $15.5B | ||
| Q4 24 | $9.8B | $15.0B | ||
| Q3 24 | $8.9B | $15.5B | ||
| Q2 24 | $8.1B | $15.2B | ||
| Q1 24 | $7.7B | $15.3B |
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 | $330.0M |
| 自由现金流经营现金流 - 资本支出 | $577.4M | $274.0M |
| 自由现金流率自由现金流/营收 | 30.3% | 9.0% |
| 资本支出强度资本支出/营收 | 2.2% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.23× | 5.00× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $847.0M |
8季度趋势，按日历期对齐
经营现金流FTNTLKQ
| Q4 25 | $620.2M | $330.0M | ||
| Q3 25 | $655.2M | $440.0M | ||
| Q2 25 | $451.9M | $296.0M | ||
| Q1 25 | $863.3M | $-3.0M | ||
| Q4 24 | $477.6M | $235.0M | ||
| Q3 24 | $608.1M | $420.0M | ||
| Q2 24 | $342.0M | $213.0M | ||
| Q1 24 | $830.4M | $253.0M |
自由现金流FTNTLKQ
| Q4 25 | $577.4M | $274.0M | ||
| Q3 25 | $567.5M | $387.0M | ||
| Q2 25 | $284.1M | $243.0M | ||
| Q1 25 | $796.8M | $-57.0M | ||
| Q4 24 | $380.0M | $149.0M | ||
| Q3 24 | $571.8M | $341.0M | ||
| Q2 24 | $318.9M | $133.0M | ||
| Q1 24 | $608.5M | $187.0M |
自由现金流率FTNTLKQ
| Q4 25 | 30.3% | 9.0% | ||
| Q3 25 | 32.9% | 11.1% | ||
| Q2 25 | 17.4% | 6.7% | ||
| Q1 25 | 51.8% | -1.6% | ||
| Q4 24 | 22.9% | 4.4% | ||
| Q3 24 | 37.9% | 9.5% | ||
| Q2 24 | 22.2% | 3.6% | ||
| Q1 24 | 45.0% | 5.0% |
资本支出强度FTNTLKQ
| Q4 25 | 2.2% | 1.8% | ||
| Q3 25 | 5.1% | 1.5% | ||
| Q2 25 | 10.3% | 1.5% | ||
| Q1 25 | 4.3% | 1.6% | ||
| Q4 24 | 5.9% | 2.6% | ||
| Q3 24 | 2.4% | 2.2% | ||
| Q2 24 | 1.6% | 2.2% | ||
| Q1 24 | 16.4% | 1.8% |
现金转化率FTNTLKQ
| Q4 25 | 1.23× | 5.00× | ||
| Q3 25 | 1.38× | 2.44× | ||
| Q2 25 | 1.03× | 1.53× | ||
| Q1 25 | 1.99× | -0.02× | ||
| Q4 24 | 0.91× | 1.50× | ||
| Q3 24 | 1.13× | 2.19× | ||
| Q2 24 | 0.90× | 1.15× | ||
| Q1 24 | 2.77× | 1.60× |
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% |
LKQ
| Partsand Services Domain | $1.3B | 42% |
| Other | $1.2B | 40% |
| DE | $463.0M | 15% |
| Other Revenue | $85.0M | 3% |
