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飞塔（FTNT）与NEWELL BRANDS INC.（NWL）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NEWELL BRANDS INC.的1.0倍（$1.9B vs $1.9B），飞塔净利率更高（26.6% vs -16.6%，领先43.2%），飞塔同比增速更快（14.8% vs -2.7%），飞塔自由现金流更多（$577.4M vs $91.0M），过去两年飞塔的营收复合增速更高（18.6% vs 7.1%）
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。
纽威品牌公司（Newell Brands）是美国知名消费品与商用产品集团，旗下拥有多个广受欢迎的品牌，涵盖乐柏美（Rubbermaid）收纳及废弃物处理容器、家居收纳与可重复使用容器，Contigo、Bubba运动水杯，Coleman户外用品，文具胶水、儿童用品、炊具、小家电以及香氛产品等多元品类，覆盖日常生活多场景需求。
FTNT vs NWL — 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17.4%
-2.7%
净利率更高
FTNT
高出43.2%
-16.6%
自由现金流更多
FTNT
多$486.4M
$91.0M
两年增速更快
FTNT
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.9B |
| 净利润 | $506.0M | $-315.0M |
| 毛利率 | 79.6% | 33.1% |
| 营业利润率 | 32.8% | -14.3% |
| 净利率 | 26.6% | -16.6% |
| 营收同比 | 14.8% | -2.7% |
| 净利润同比 | -3.8% | -483.3% |
| 每股收益（稀释后） | $0.67 | $-0.75 |
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FTNTNWL
| Q4 25 | $1.9B | $1.9B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $1.7B |
净利润FTNTNWL
| Q4 25 | $506.0M | $-315.0M | ||
| Q3 25 | $473.9M | $21.0M | ||
| Q2 25 | $440.1M | $46.0M | ||
| Q1 25 | $433.4M | $-37.0M | ||
| Q4 24 | $526.2M | $-54.0M | ||
| Q3 24 | $539.9M | $-198.0M | ||
| Q2 24 | $379.8M | $45.0M | ||
| Q1 24 | $299.3M | $-9.0M |
毛利率FTNTNWL
| Q4 25 | 79.6% | 33.1% | ||
| Q3 25 | 80.8% | 34.1% | ||
| Q2 25 | 80.7% | 35.4% | ||
| Q1 25 | 81.0% | 32.1% | ||
| Q4 24 | 81.1% | 34.2% | ||
| Q3 24 | 82.5% | 34.9% | ||
| Q2 24 | 80.8% | 34.4% | ||
| Q1 24 | 77.5% | 30.5% |
营业利润率FTNTNWL
| Q4 25 | 32.8% | -14.3% | ||
| Q3 25 | 31.7% | 6.6% | ||
| Q2 25 | 28.1% | 8.8% | ||
| Q1 25 | 29.5% | 1.3% | ||
| Q4 24 | 34.6% | 0.5% | ||
| Q3 24 | 31.2% | -6.2% | ||
| Q2 24 | 30.5% | 8.0% | ||
| Q1 24 | 23.7% | 1.0% |
净利率FTNTNWL
| Q4 25 | 26.6% | -16.6% | ||
| Q3 25 | 27.5% | 1.2% | ||
| Q2 25 | 27.0% | 2.4% | ||
| Q1 25 | 28.1% | -2.4% | ||
| Q4 24 | 31.7% | -2.8% | ||
| Q3 24 | 35.8% | -10.2% | ||
| Q2 24 | 26.5% | 2.2% | ||
| Q1 24 | 22.1% | -0.5% |
每股收益（稀释后）FTNTNWL
| Q4 25 | $0.67 | $-0.75 | ||
| Q3 25 | $0.62 | $0.05 | ||
| Q2 25 | $0.57 | $0.11 | ||
| Q1 25 | $0.56 | $-0.09 | ||
| Q4 24 | $0.68 | $-0.13 | ||
| Q3 24 | $0.70 | $-0.48 | ||
| Q2 24 | $0.49 | $0.11 | ||
| Q1 24 | $0.39 | $-0.02 |
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 | $203.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $2.4B |
| 总资产 | $10.4B | $10.7B |
| 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FTNTNWL
| Q4 25 | $2.5B | $203.0M | ||
| Q3 25 | $2.0B | $229.0M | ||
| Q2 25 | $3.4B | $219.0M | ||
| Q1 25 | $3.6B | $233.0M | ||
| Q4 24 | $2.9B | $198.0M | ||
| Q3 24 | $2.5B | $494.0M | ||
| Q2 24 | $2.2B | $382.0M | ||
| Q1 24 | $1.9B | $372.0M |
股东权益FTNTNWL
| Q4 25 | $1.2B | $2.4B | ||
| Q3 25 | $735.1M | $2.7B | ||
| Q2 25 | $2.1B | $2.7B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $1.5B | $2.8B | ||
| Q3 24 | $908.1M | $2.9B | ||
| Q2 24 | $288.2M | $3.1B | ||
| Q1 24 | $-137.5M | $3.1B |
总资产FTNTNWL
| Q4 25 | $10.4B | $10.7B | ||
| Q3 25 | $9.4B | $11.3B | ||
| Q2 25 | $10.6B | $11.5B | ||
| Q1 25 | $10.4B | $11.3B | ||
| Q4 24 | $9.8B | $11.0B | ||
| Q3 24 | $8.9B | $11.8B | ||
| Q2 24 | $8.1B | $12.0B | ||
| Q1 24 | $7.7B | $12.1B |
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 | $161.0M |
| 自由现金流经营现金流 - 资本支出 | $577.4M | $91.0M |
| 自由现金流率自由现金流/营收 | 30.3% | 4.8% |
| 资本支出强度资本支出/营收 | 2.2% | 3.7% |
| 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 | $17.0M |
8季度趋势，按日历期对齐
经营现金流FTNTNWL
| Q4 25 | $620.2M | $161.0M | ||
| Q3 25 | $655.2M | $374.0M | ||
| Q2 25 | $451.9M | $-58.0M | ||
| Q1 25 | $863.3M | $-213.0M | ||
| Q4 24 | $477.6M | $150.0M | ||
| Q3 24 | $608.1M | $282.0M | ||
| Q2 24 | $342.0M | $32.0M | ||
| Q1 24 | $830.4M | $32.0M |
自由现金流FTNTNWL
| Q4 25 | $577.4M | $91.0M | ||
| Q3 25 | $567.5M | $315.0M | ||
| Q2 25 | $284.1M | $-117.0M | ||
| Q1 25 | $796.8M | $-272.0M | ||
| Q4 24 | $380.0M | $54.0M | ||
| Q3 24 | $571.8M | $231.0M | ||
| Q2 24 | $318.9M | $-21.0M | ||
| Q1 24 | $608.5M | $-27.0M |
自由现金流率FTNTNWL
| Q4 25 | 30.3% | 4.8% | ||
| Q3 25 | 32.9% | 17.4% | ||
| Q2 25 | 17.4% | -6.0% | ||
| Q1 25 | 51.8% | -17.4% | ||
| Q4 24 | 22.9% | 2.8% | ||
| Q3 24 | 37.9% | 11.9% | ||
| Q2 24 | 22.2% | -1.0% | ||
| Q1 24 | 45.0% | -1.6% |
资本支出强度FTNTNWL
| Q4 25 | 2.2% | 3.7% | ||
| Q3 25 | 5.1% | 3.3% | ||
| Q2 25 | 10.3% | 3.0% | ||
| Q1 25 | 4.3% | 3.8% | ||
| Q4 24 | 5.9% | 4.9% | ||
| Q3 24 | 2.4% | 2.6% | ||
| Q2 24 | 1.6% | 2.6% | ||
| Q1 24 | 16.4% | 3.6% |
现金转化率FTNTNWL
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.38× | 17.81× | ||
| Q2 25 | 1.03× | -1.26× | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.90× | 0.71× | ||
| 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% |
NWL
| Kitchen | $538.0M | 28% |
| Writing | $370.0M | 20% |
| Commercial | $320.0M | 17% |
| Financial Institution Two | $286.0M | 15% |
| Baby | $259.0M | 14% |
| Outdoor And Recreation | $142.0M | 7% |
