vs
飞塔（FTNT）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
新闻集团的季度营收约是飞塔的1.2倍（$2.4B vs $1.9B），飞塔净利率更高（26.6% vs 8.2%，领先18.4%），飞塔同比增速更快（14.8% vs 5.5%），飞塔自由现金流更多（$577.4M vs $132.0M），过去两年飞塔的营收复合增速更高（18.6% vs -1.3%）
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。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
FTNT vs NWSA — 直观对比
营收规模更大
NWSA
是对方的1.2倍
$1.9B
营收增速更快
FTNT
高出9.2%
5.5%
净利率更高
FTNT
高出18.4%
8.2%
自由现金流更多
FTNT
多$445.4M
$132.0M
两年增速更快
FTNT
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.4B |
| 净利润 | $506.0M | $193.0M |
| 毛利率 | 79.6% | — |
| 营业利润率 | 32.8% | — |
| 净利率 | 26.6% | 8.2% |
| 营收同比 | 14.8% | 5.5% |
| 净利润同比 | -3.8% | -10.2% |
| 每股收益（稀释后） | $0.67 | $0.34 |
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FTNTNWSA
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.6B | $1.6B | ||
| Q1 25 | $1.5B | $2.0B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $1.5B | $2.6B | ||
| Q2 24 | $1.4B | $2.6B | ||
| Q1 24 | $1.4B | $2.4B |
净利润FTNTNWSA
| Q4 25 | $506.0M | $193.0M | ||
| Q3 25 | $473.9M | $112.0M | ||
| Q2 25 | $440.1M | $743.0M | ||
| Q1 25 | $433.4M | $103.0M | ||
| Q4 24 | $526.2M | $215.0M | ||
| Q3 24 | $539.9M | $119.0M | ||
| Q2 24 | $379.8M | $50.0M | ||
| Q1 24 | $299.3M | $30.0M |
毛利率FTNTNWSA
| 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% | — | ||
| Q1 24 | 77.5% | — |
营业利润率FTNTNWSA
| Q4 25 | 32.8% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 28.1% | 8.5% | ||
| Q1 25 | 29.5% | 7.5% | ||
| Q4 24 | 34.6% | 19.2% | ||
| Q3 24 | 31.2% | 7.9% | ||
| Q2 24 | 30.5% | 4.3% | ||
| Q1 24 | 23.7% | 2.6% |
净利率FTNTNWSA
| Q4 25 | 26.6% | 8.2% | ||
| Q3 25 | 27.5% | 5.2% | ||
| Q2 25 | 27.0% | 45.6% | ||
| Q1 25 | 28.1% | 5.1% | ||
| Q4 24 | 31.7% | 9.6% | ||
| Q3 24 | 35.8% | 4.6% | ||
| Q2 24 | 26.5% | 1.9% | ||
| Q1 24 | 22.1% | 1.2% |
每股收益（稀释后）FTNTNWSA
| Q4 25 | $0.67 | $0.34 | ||
| Q3 25 | $0.62 | $0.20 | ||
| Q2 25 | $0.57 | $1.30 | ||
| Q1 25 | $0.56 | $0.18 | ||
| Q4 24 | $0.68 | $0.38 | ||
| Q3 24 | $0.70 | $0.21 | ||
| Q2 24 | $0.49 | $0.09 | ||
| Q1 24 | $0.39 | $0.05 |
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 | $2.1B |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $1.2B | $8.8B |
| 总资产 | $10.4B | $15.5B |
| 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FTNTNWSA
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $3.4B | $2.4B | ||
| Q1 25 | $3.6B | $2.1B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $2.5B | $1.8B | ||
| Q2 24 | $2.2B | $2.0B | ||
| Q1 24 | $1.9B | $1.9B |
总债务FTNTNWSA
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
股东权益FTNTNWSA
| Q4 25 | $1.2B | $8.8B | ||
| Q3 25 | $735.1M | $8.7B | ||
| Q2 25 | $2.1B | $8.8B | ||
| Q1 25 | $2.0B | $8.2B | ||
| Q4 24 | $1.5B | $8.1B | ||
| Q3 24 | $908.1M | $8.3B | ||
| Q2 24 | $288.2M | $8.1B | ||
| Q1 24 | $-137.5M | $8.1B |
总资产FTNTNWSA
| Q4 25 | $10.4B | $15.5B | ||
| Q3 25 | $9.4B | $15.3B | ||
| Q2 25 | $10.6B | $15.5B | ||
| Q1 25 | $10.4B | $16.6B | ||
| Q4 24 | $9.8B | $16.2B | ||
| Q3 24 | $8.9B | $16.9B | ||
| Q2 24 | $8.1B | $16.7B | ||
| Q1 24 | $7.7B | $16.5B |
负债/权益比FTNTNWSA
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.36× |
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 | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $577.4M | $132.0M |
| 自由现金流率自由现金流/营收 | 30.3% | 5.6% |
| 资本支出强度资本支出/营收 | 2.2% | 4.2% |
| 现金转化率经营现金流/净利润 | 1.23× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $586.0M |
8季度趋势，按日历期对齐
经营现金流FTNTNWSA
| Q4 25 | $620.2M | $231.0M | ||
| Q3 25 | $655.2M | $85.0M | ||
| Q2 25 | $451.9M | $189.0M | ||
| Q1 25 | $863.3M | $511.0M | ||
| Q4 24 | $477.6M | $252.0M | ||
| Q3 24 | $608.1M | $64.0M | ||
| Q2 24 | $342.0M | $254.0M | ||
| Q1 24 | $830.4M | $539.0M |
自由现金流FTNTNWSA
| Q4 25 | $577.4M | $132.0M | ||
| Q3 25 | $567.5M | $4.0M | ||
| Q2 25 | $284.1M | $32.0M | ||
| Q1 25 | $796.8M | $418.0M | ||
| Q4 24 | $380.0M | $190.0M | ||
| Q3 24 | $571.8M | $-31.0M | ||
| Q2 24 | $318.9M | $111.0M | ||
| Q1 24 | $608.5M | $422.0M |
自由现金流率FTNTNWSA
| Q4 25 | 30.3% | 5.6% | ||
| Q3 25 | 32.9% | 0.2% | ||
| Q2 25 | 17.4% | 2.0% | ||
| Q1 25 | 51.8% | 20.8% | ||
| Q4 24 | 22.9% | 8.5% | ||
| Q3 24 | 37.9% | -1.2% | ||
| Q2 24 | 22.2% | 4.3% | ||
| Q1 24 | 45.0% | 17.4% |
资本支出强度FTNTNWSA
| Q4 25 | 2.2% | 4.2% | ||
| Q3 25 | 5.1% | 3.8% | ||
| Q2 25 | 10.3% | 9.6% | ||
| Q1 25 | 4.3% | 4.6% | ||
| Q4 24 | 5.9% | 2.8% | ||
| Q3 24 | 2.4% | 3.7% | ||
| Q2 24 | 1.6% | 5.5% | ||
| Q1 24 | 16.4% | 4.8% |
现金转化率FTNTNWSA
| Q4 25 | 1.23× | 1.20× | ||
| Q3 25 | 1.38× | 0.76× | ||
| Q2 25 | 1.03× | 0.25× | ||
| Q1 25 | 1.99× | 4.96× | ||
| Q4 24 | 0.91× | 1.17× | ||
| Q3 24 | 1.13× | 0.54× | ||
| Q2 24 | 0.90× | 5.08× | ||
| Q1 24 | 2.77× | 17.97× |
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% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
