vs
飞塔（FTNT）与越洋钻探（RIG）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越洋钻探的1.8倍（$1.9B vs $1.0B），飞塔净利率更高（26.6% vs 2.4%，领先24.2%），飞塔同比增速更快（14.8% vs 9.6%），飞塔自由现金流更多（$577.4M vs $321.0M），过去两年飞塔的营收复合增速更高（18.6% vs 16.9%）
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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
FTNT vs RIG — 直观对比
营收规模更大
FTNT
是对方的1.8倍
$1.0B
营收增速更快
FTNT
高出5.2%
9.6%
净利率更高
FTNT
高出24.2%
2.4%
自由现金流更多
FTNT
多$256.4M
$321.0M
两年增速更快
FTNT
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $506.0M | $25.0M |
| 毛利率 | 79.6% | 42.0% |
| 营业利润率 | 32.8% | 23.0% |
| 净利率 | 26.6% | 2.4% |
| 营收同比 | 14.8% | 9.6% |
| 净利润同比 | -3.8% | 257.1% |
| 每股收益（稀释后） | $0.67 | $0.13 |
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FTNTRIG
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.6B | $988.0M | ||
| Q1 25 | $1.5B | $906.0M | ||
| Q4 24 | $1.7B | $952.0M | ||
| Q3 24 | $1.5B | $948.0M | ||
| Q2 24 | $1.4B | $861.0M | ||
| Q1 24 | $1.4B | $763.0M |
净利润FTNTRIG
| Q4 25 | $506.0M | $25.0M | ||
| Q3 25 | $473.9M | $-1.9B | ||
| Q2 25 | $440.1M | $-938.0M | ||
| Q1 25 | $433.4M | $-79.0M | ||
| Q4 24 | $526.2M | $7.0M | ||
| Q3 24 | $539.9M | $-494.0M | ||
| Q2 24 | $379.8M | $-123.0M | ||
| Q1 24 | $299.3M | $98.0M |
毛利率FTNTRIG
| Q4 25 | 79.6% | 42.0% | ||
| Q3 25 | 80.8% | 43.2% | ||
| Q2 25 | 80.7% | 39.4% | ||
| Q1 25 | 81.0% | 31.8% | ||
| Q4 24 | 81.1% | 39.2% | ||
| Q3 24 | 82.5% | 40.6% | ||
| Q2 24 | 80.8% | 38.0% | ||
| Q1 24 | 77.5% | 31.5% |
营业利润率FTNTRIG
| Q4 25 | 32.8% | 23.0% | ||
| Q3 25 | 31.7% | -163.1% | ||
| Q2 25 | 28.1% | -97.6% | ||
| Q1 25 | 29.5% | 7.1% | ||
| Q4 24 | 34.6% | 13.7% | ||
| Q3 24 | 31.2% | -51.2% | ||
| Q2 24 | 30.5% | -6.9% | ||
| Q1 24 | 23.7% | -0.4% |
净利率FTNTRIG
| Q4 25 | 26.6% | 2.4% | ||
| Q3 25 | 27.5% | -187.1% | ||
| Q2 25 | 27.0% | -94.9% | ||
| Q1 25 | 28.1% | -8.7% | ||
| Q4 24 | 31.7% | 0.7% | ||
| Q3 24 | 35.8% | -52.1% | ||
| Q2 24 | 26.5% | -14.3% | ||
| Q1 24 | 22.1% | 12.8% |
每股收益（稀释后）FTNTRIG
| Q4 25 | $0.67 | $0.13 | ||
| Q3 25 | $0.62 | $-2.00 | ||
| Q2 25 | $0.57 | $-1.06 | ||
| Q1 25 | $0.56 | $-0.11 | ||
| Q4 24 | $0.68 | $-0.14 | ||
| Q3 24 | $0.70 | $-0.58 | ||
| Q2 24 | $0.49 | $-0.15 | ||
| Q1 24 | $0.39 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $1.2B | $8.1B |
| 总资产 | $10.4B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资FTNTRIG
| Q4 25 | $2.5B | $620.0M | ||
| Q3 25 | $2.0B | $833.0M | ||
| Q2 25 | $3.4B | $377.0M | ||
| Q1 25 | $3.6B | $263.0M | ||
| Q4 24 | $2.9B | $560.0M | ||
| Q3 24 | $2.5B | $435.0M | ||
| Q2 24 | $2.2B | $475.0M | ||
| Q1 24 | $1.9B | $446.0M |
总债务FTNTRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益FTNTRIG
| Q4 25 | $1.2B | $8.1B | ||
| Q3 25 | $735.1M | $8.1B | ||
| Q2 25 | $2.1B | $9.4B | ||
| Q1 25 | $2.0B | $10.2B | ||
| Q4 24 | $1.5B | $10.3B | ||
| Q3 24 | $908.1M | $10.2B | ||
| Q2 24 | $288.2M | $10.7B | ||
| Q1 24 | $-137.5M | $10.5B |
总资产FTNTRIG
| Q4 25 | $10.4B | $15.6B | ||
| Q3 25 | $9.4B | $16.2B | ||
| Q2 25 | $10.6B | $17.8B | ||
| Q1 25 | $10.4B | $19.0B | ||
| Q4 24 | $9.8B | $19.4B | ||
| Q3 24 | $8.9B | $19.5B | ||
| Q2 24 | $8.1B | $20.3B | ||
| Q1 24 | $7.7B | $19.9B |
负债/权益比FTNTRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $577.4M | $321.0M |
| 自由现金流率自由现金流/营收 | 30.3% | 30.8% |
| 资本支出强度资本支出/营收 | 2.2% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.23× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $626.0M |
8季度趋势，按日历期对齐
经营现金流FTNTRIG
| Q4 25 | $620.2M | $349.0M | ||
| Q3 25 | $655.2M | $246.0M | ||
| Q2 25 | $451.9M | $128.0M | ||
| Q1 25 | $863.3M | $26.0M | ||
| Q4 24 | $477.6M | $206.0M | ||
| Q3 24 | $608.1M | $194.0M | ||
| Q2 24 | $342.0M | $133.0M | ||
| Q1 24 | $830.4M | $-86.0M |
自由现金流FTNTRIG
| Q4 25 | $577.4M | $321.0M | ||
| Q3 25 | $567.5M | $235.0M | ||
| Q2 25 | $284.1M | $104.0M | ||
| Q1 25 | $796.8M | $-34.0M | ||
| Q4 24 | $380.0M | $177.0M | ||
| Q3 24 | $571.8M | $136.0M | ||
| Q2 24 | $318.9M | $49.0M | ||
| Q1 24 | $608.5M | $-169.0M |
自由现金流率FTNTRIG
| Q4 25 | 30.3% | 30.8% | ||
| Q3 25 | 32.9% | 22.9% | ||
| Q2 25 | 17.4% | 10.5% | ||
| Q1 25 | 51.8% | -3.8% | ||
| Q4 24 | 22.9% | 18.6% | ||
| Q3 24 | 37.9% | 14.3% | ||
| Q2 24 | 22.2% | 5.7% | ||
| Q1 24 | 45.0% | -22.1% |
资本支出强度FTNTRIG
| Q4 25 | 2.2% | 2.7% | ||
| Q3 25 | 5.1% | 1.1% | ||
| Q2 25 | 10.3% | 2.4% | ||
| Q1 25 | 4.3% | 6.6% | ||
| Q4 24 | 5.9% | 3.0% | ||
| Q3 24 | 2.4% | 6.1% | ||
| Q2 24 | 1.6% | 9.8% | ||
| Q1 24 | 16.4% | 10.9% |
现金转化率FTNTRIG
| Q4 25 | 1.23× | 13.96× | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 0.91× | 29.43× | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 2.77× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
