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飞塔（FTNT）与Northern Trust（NTRS）财务数据对比。点击上方公司名可切换其他公司
Northern Trust的季度营收约是飞塔的1.2倍（$2.2B vs $1.9B），飞塔净利率更高（26.6% vs 23.7%，领先2.8%），飞塔同比增速更快（14.8% vs 13.8%），过去两年Northern Trust的营收复合增速更高（37.8% vs 18.6%）
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。
Northern Trust是总部位于美国伊利诺伊州芝加哥的专业金融服务企业，主要服务对象包括各类企业、机构投资者以及超高净值个人客户，是美国规模最大、持续运营历史最悠久的银行机构之一。截至2025年12月末，其管理资产规模达1.8万亿美元，托管资产规模达14.9万亿美元。
FTNT vs NTRS — 直观对比
营收规模更大
NTRS
是对方的1.2倍
$1.9B
营收增速更快
FTNT
高出1.0%
13.8%
净利率更高
FTNT
高出2.8%
23.7%
两年增速更快
NTRS
近两年复合增速
18.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.2B |
| 净利润 | $506.0M | $525.5M |
| 毛利率 | 79.6% | — |
| 营业利润率 | 32.8% | — |
| 净利率 | 26.6% | 23.7% |
| 营收同比 | 14.8% | 13.8% |
| 净利润同比 | -3.8% | 13.0% |
| 每股收益（稀释后） | $0.67 | $2.71 |
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FTNTNTRS
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B |
净利润FTNTNTRS
| Q1 26 | — | $525.5M | ||
| Q4 25 | $506.0M | $466.0M | ||
| Q3 25 | $473.9M | $457.6M | ||
| Q2 25 | $440.1M | $421.3M | ||
| Q1 25 | $433.4M | $392.0M | ||
| Q4 24 | $526.2M | $455.4M | ||
| Q3 24 | $539.9M | $464.9M | ||
| Q2 24 | $379.8M | $896.1M |
毛利率FTNTNTRS
| 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FTNTNTRS
| Q1 26 | — | — | ||
| Q4 25 | 32.8% | 48.5% | ||
| Q3 25 | 31.7% | 49.0% | ||
| Q2 25 | 28.1% | 45.9% | ||
| Q1 25 | 29.5% | 43.0% | ||
| Q4 24 | 34.6% | 48.6% | ||
| Q3 24 | 31.2% | 50.2% | ||
| Q2 24 | 30.5% | — |
净利率FTNTNTRS
| Q1 26 | — | 23.7% | ||
| Q4 25 | 26.6% | 35.6% | ||
| Q3 25 | 27.5% | 36.2% | ||
| Q2 25 | 27.0% | 34.2% | ||
| Q1 25 | 28.1% | 32.3% | ||
| Q4 24 | 31.7% | 37.3% | ||
| Q3 24 | 35.8% | 38.9% | ||
| Q2 24 | 26.5% | 76.8% |
每股收益（稀释后）FTNTNTRS
| Q1 26 | — | $2.71 | ||
| Q4 25 | $0.67 | $2.42 | ||
| Q3 25 | $0.62 | $2.29 | ||
| Q2 25 | $0.57 | $2.13 | ||
| Q1 25 | $0.56 | $1.90 | ||
| Q4 24 | $0.68 | $2.25 | ||
| Q3 24 | $0.70 | $2.22 | ||
| Q2 24 | $0.49 | $4.34 |
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 | — | $2.9B |
| 股东权益账面价值 | $1.2B | $13.0B |
| 总资产 | $10.4B | $174.6B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资FTNTNTRS
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.2B | — |
总债务FTNTNTRS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FTNTNTRS
| Q1 26 | — | $13.0B | ||
| Q4 25 | $1.2B | $13.0B | ||
| Q3 25 | $735.1M | $13.0B | ||
| Q2 25 | $2.1B | $12.9B | ||
| Q1 25 | $2.0B | $12.9B | ||
| Q4 24 | $1.5B | $12.8B | ||
| Q3 24 | $908.1M | $12.7B | ||
| Q2 24 | $288.2M | $12.7B |
总资产FTNTNTRS
| Q1 26 | — | $174.6B | ||
| Q4 25 | $10.4B | $177.1B | ||
| Q3 25 | $9.4B | $170.3B | ||
| Q2 25 | $10.6B | $171.9B | ||
| Q1 25 | $10.4B | $165.1B | ||
| Q4 24 | $9.8B | $155.5B | ||
| Q3 24 | $8.9B | $155.8B | ||
| Q2 24 | $8.1B | $156.8B |
负债/权益比FTNTNTRS
| Q1 26 | — | 0.22× | ||
| 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 | $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FTNTNTRS
| Q1 26 | — | — | ||
| Q4 25 | $620.2M | $388.4M | ||
| Q3 25 | $655.2M | $525.8M | ||
| Q2 25 | $451.9M | $1.9B | ||
| Q1 25 | $863.3M | $2.7B | ||
| Q4 24 | $477.6M | $-2.6B | ||
| Q3 24 | $608.1M | $611.1M | ||
| Q2 24 | $342.0M | $3.0B |
自由现金流FTNTNTRS
| Q1 26 | — | — | ||
| Q4 25 | $577.4M | $355.6M | ||
| Q3 25 | $567.5M | $509.4M | ||
| Q2 25 | $284.1M | $1.9B | ||
| Q1 25 | $796.8M | $2.7B | ||
| Q4 24 | $380.0M | $-2.7B | ||
| Q3 24 | $571.8M | $585.4M | ||
| Q2 24 | $318.9M | $3.0B |
自由现金流率FTNTNTRS
| Q1 26 | — | — | ||
| Q4 25 | 30.3% | 27.2% | ||
| Q3 25 | 32.9% | 40.3% | ||
| Q2 25 | 17.4% | 150.8% | ||
| Q1 25 | 51.8% | 225.5% | ||
| Q4 24 | 22.9% | -218.9% | ||
| Q3 24 | 37.9% | 48.9% | ||
| Q2 24 | 22.2% | 254.7% |
资本支出强度FTNTNTRS
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 2.5% | ||
| Q3 25 | 5.1% | 1.3% | ||
| Q2 25 | 10.3% | 1.0% | ||
| Q1 25 | 4.3% | 1.0% | ||
| Q4 24 | 5.9% | 3.3% | ||
| Q3 24 | 2.4% | 2.1% | ||
| Q2 24 | 1.6% | 1.8% |
现金转化率FTNTNTRS
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 0.83× | ||
| Q3 25 | 1.38× | 1.15× | ||
| Q2 25 | 1.03× | 4.44× | ||
| Q1 25 | 1.99× | 7.01× | ||
| Q4 24 | 0.91× | -5.79× | ||
| Q3 24 | 1.13× | 1.31× | ||
| Q2 24 | 0.90× | 3.34× |
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
| Services | $1.2B | 64% |
| Security Subscription | $693.7M | 36% |
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
