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飞塔（FTNT）与Masco（MAS）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Masco的1.0倍（$1.8B vs $1.8B），飞塔净利率更高（28.9% vs 9.2%，领先19.7%），飞塔同比增速更快（20.1% vs -1.9%），飞塔自由现金流更多（$1.0B vs $371.0M），过去两年飞塔的营收复合增速更高（13.6% vs -3.5%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
FTNT vs MAS — 直观对比
营收规模更大
FTNT
是对方的1.0倍
$1.8B
营收增速更快
FTNT
高出22.0%
-1.9%
净利率更高
FTNT
高出19.7%
9.2%
自由现金流更多
FTNT
多$635.5M
$371.0M
两年增速更快
FTNT
近两年复合增速
-3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.8B |
| 净利润 | $534.5M | $165.0M |
| 毛利率 | 80.3% | 33.9% |
| 营业利润率 | 31.4% | 13.8% |
| 净利率 | 28.9% | 9.2% |
| 营收同比 | 20.1% | -1.9% |
| 净利润同比 | — | -9.3% |
| 每股收益（稀释后） | $0.72 | $0.81 |
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FTNTMAS
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.7B | $1.8B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.4B | $2.1B |
净利润FTNTMAS
| Q1 26 | $534.5M | — | ||
| Q4 25 | $506.0M | $165.0M | ||
| Q3 25 | $473.9M | $189.0M | ||
| Q2 25 | $440.1M | $270.0M | ||
| Q1 25 | $433.4M | $186.0M | ||
| Q4 24 | $526.2M | $182.0M | ||
| Q3 24 | $539.9M | $167.0M | ||
| Q2 24 | $379.8M | $258.0M |
毛利率FTNTMAS
| Q1 26 | 80.3% | — | ||
| Q4 25 | 79.6% | 33.9% | ||
| Q3 25 | 80.8% | 34.2% | ||
| Q2 25 | 80.7% | 37.6% | ||
| Q1 25 | 81.0% | 35.8% | ||
| Q4 24 | 81.1% | 34.8% | ||
| Q3 24 | 82.5% | 36.6% | ||
| Q2 24 | 80.8% | 37.5% |
营业利润率FTNTMAS
| Q1 26 | 31.4% | — | ||
| Q4 25 | 32.8% | 13.8% | ||
| Q3 25 | 31.7% | 15.8% | ||
| Q2 25 | 28.1% | 20.1% | ||
| Q1 25 | 29.5% | 15.9% | ||
| Q4 24 | 34.6% | 15.9% | ||
| Q3 24 | 31.2% | 18.0% | ||
| Q2 24 | 30.5% | 19.0% |
净利率FTNTMAS
| Q1 26 | 28.9% | — | ||
| Q4 25 | 26.6% | 9.2% | ||
| Q3 25 | 27.5% | 9.9% | ||
| Q2 25 | 27.0% | 13.2% | ||
| Q1 25 | 28.1% | 10.3% | ||
| Q4 24 | 31.7% | 10.0% | ||
| Q3 24 | 35.8% | 8.4% | ||
| Q2 24 | 26.5% | 12.3% |
每股收益（稀释后）FTNTMAS
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.67 | $0.81 | ||
| Q3 25 | $0.62 | $0.90 | ||
| Q2 25 | $0.57 | $1.28 | ||
| Q1 25 | $0.56 | $0.87 | ||
| Q4 24 | $0.68 | $0.85 | ||
| Q3 24 | $0.70 | $0.77 | ||
| Q2 24 | $0.49 | $1.17 |
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 | $3.3B | $647.0M |
| 总债务越低越好 | $496.8M | $2.9B |
| 股东权益账面价值 | $989.7M | $-185.0M |
| 总资产 | $9.9B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资FTNTMAS
| Q1 26 | $3.3B | — | ||
| Q4 25 | $2.5B | $647.0M | ||
| Q3 25 | $2.0B | $559.0M | ||
| Q2 25 | $3.4B | $390.0M | ||
| Q1 25 | $3.6B | $377.0M | ||
| Q4 24 | $2.9B | $634.0M | ||
| Q3 24 | $2.5B | $646.0M | ||
| Q2 24 | $2.2B | $398.0M |
总债务FTNTMAS
| Q1 26 | $496.8M | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FTNTMAS
| Q1 26 | $989.7M | — | ||
| Q4 25 | $1.2B | $-185.0M | ||
| Q3 25 | $735.1M | $-78.0M | ||
| Q2 25 | $2.1B | $-84.0M | ||
| Q1 25 | $2.0B | $-254.0M | ||
| Q4 24 | $1.5B | $-279.0M | ||
| Q3 24 | $908.1M | $-88.0M | ||
| Q2 24 | $288.2M | $-26.0M |
总资产FTNTMAS
| Q1 26 | $9.9B | — | ||
| Q4 25 | $10.4B | $5.2B | ||
| Q3 25 | $9.4B | $5.3B | ||
| Q2 25 | $10.6B | $5.3B | ||
| Q1 25 | $10.4B | $5.1B | ||
| Q4 24 | $9.8B | $5.0B | ||
| Q3 24 | $8.9B | $5.3B | ||
| Q2 24 | $8.1B | $5.4B |
负债/权益比FTNTMAS
| Q1 26 | 0.50× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $1.1B | $418.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $371.0M |
| 自由现金流率自由现金流/营收 | 54.4% | 20.7% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 2.02× | 2.53× |
| 过去12个月自由现金流最近4个季度 | $2.4B | $866.0M |
8季度趋势，按日历期对齐
经营现金流FTNTMAS
| Q1 26 | $1.1B | — | ||
| Q4 25 | $620.2M | $418.0M | ||
| Q3 25 | $655.2M | $456.0M | ||
| Q2 25 | $451.9M | $306.0M | ||
| Q1 25 | $863.3M | $-158.0M | ||
| Q4 24 | $477.6M | $407.0M | ||
| Q3 24 | $608.1M | $416.0M | ||
| Q2 24 | $342.0M | $346.0M |
自由现金流FTNTMAS
| Q1 26 | $1.0B | — | ||
| Q4 25 | $577.4M | $371.0M | ||
| Q3 25 | $567.5M | $415.0M | ||
| Q2 25 | $284.1M | $270.0M | ||
| Q1 25 | $796.8M | $-190.0M | ||
| Q4 24 | $380.0M | $351.0M | ||
| Q3 24 | $571.8M | $378.0M | ||
| Q2 24 | $318.9M | $303.0M |
自由现金流率FTNTMAS
| Q1 26 | 54.4% | — | ||
| Q4 25 | 30.3% | 20.7% | ||
| Q3 25 | 32.9% | 21.6% | ||
| Q2 25 | 17.4% | 13.2% | ||
| Q1 25 | 51.8% | -10.5% | ||
| Q4 24 | 22.9% | 19.2% | ||
| Q3 24 | 37.9% | 19.1% | ||
| Q2 24 | 22.2% | 14.5% |
资本支出强度FTNTMAS
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 2.6% | ||
| Q3 25 | 5.1% | 2.1% | ||
| Q2 25 | 10.3% | 1.8% | ||
| Q1 25 | 4.3% | 1.8% | ||
| Q4 24 | 5.9% | 3.1% | ||
| Q3 24 | 2.4% | 1.9% | ||
| Q2 24 | 1.6% | 2.1% |
现金转化率FTNTMAS
| Q1 26 | 2.02× | — | ||
| Q4 25 | 1.23× | 2.53× | ||
| Q3 25 | 1.38× | 2.41× | ||
| Q2 25 | 1.03× | 1.13× | ||
| Q1 25 | 1.99× | -0.85× | ||
| Q4 24 | 0.91× | 2.24× | ||
| Q3 24 | 1.13× | 2.49× | ||
| Q2 24 | 0.90× | 1.34× |
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
| Service | $1.2B | 65% |
| Product | $645.1M | 35% |
MAS
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
