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飞塔（FTNT）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD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 23.5%，领先3.1%），飞塔同比增速更快（14.8% vs -36.8%），过去两年飞塔的营收复合增速更高（18.6% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
FTNT vs RNR — 直观对比
营收规模更大
RNR
是对方的1.2倍
$1.9B
营收增速更快
FTNT
高出51.5%
-36.8%
净利率更高
FTNT
高出3.1%
23.5%
两年增速更快
FTNT
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.2B |
| 净利润 | $506.0M | $515.8M |
| 毛利率 | 79.6% | — |
| 营业利润率 | 32.8% | — |
| 净利率 | 26.6% | 23.5% |
| 营收同比 | 14.8% | -36.8% |
| 净利润同比 | -3.8% | 72.6% |
| 每股收益（稀释后） | $0.67 | $6.57 |
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FTNTRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.9B | $3.0B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.6B | $3.2B | ||
| Q1 25 | $1.5B | $3.5B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.5B | $4.0B | ||
| Q2 24 | $1.4B | $2.8B |
净利润FTNTRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $506.0M | $760.5M | ||
| Q3 25 | $473.9M | $916.5M | ||
| Q2 25 | $440.1M | $835.4M | ||
| Q1 25 | $433.4M | $170.0M | ||
| Q4 24 | $526.2M | $-189.7M | ||
| Q3 24 | $539.9M | $1.2B | ||
| Q2 24 | $379.8M | $503.9M |
毛利率FTNTRNR
| 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FTNTRNR
| Q1 26 | — | — | ||
| Q4 25 | 32.8% | 42.5% | ||
| Q3 25 | 31.7% | 46.3% | ||
| Q2 25 | 28.1% | 41.8% | ||
| Q1 25 | 29.5% | -2.0% | ||
| Q4 24 | 34.6% | -3.6% | ||
| Q3 24 | 31.2% | 43.7% | ||
| Q2 24 | 30.5% | 25.0% |
净利率FTNTRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 26.6% | 25.6% | ||
| Q3 25 | 27.5% | 28.7% | ||
| Q2 25 | 27.0% | 26.1% | ||
| Q1 25 | 28.1% | 4.9% | ||
| Q4 24 | 31.7% | -8.3% | ||
| Q3 24 | 35.8% | 29.8% | ||
| Q2 24 | 26.5% | 17.8% |
每股收益（稀释后）FTNTRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.67 | $16.16 | ||
| Q3 25 | $0.62 | $19.40 | ||
| Q2 25 | $0.57 | $17.20 | ||
| Q1 25 | $0.56 | $3.27 | ||
| Q4 24 | $0.68 | $-3.76 | ||
| Q3 24 | $0.70 | $22.62 | ||
| Q2 24 | $0.49 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $4.3B |
| 总资产 | $10.4B | $53.7B |
| 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FTNTRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $3.4B | $1.4B | ||
| Q1 25 | $3.6B | $1.6B | ||
| Q4 24 | $2.9B | $1.7B | ||
| Q3 24 | $2.5B | $1.6B | ||
| Q2 24 | $2.2B | $1.6B |
总债务FTNTRNR
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益FTNTRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $1.2B | $11.6B | ||
| Q3 25 | $735.1M | $11.5B | ||
| Q2 25 | $2.1B | $10.8B | ||
| Q1 25 | $2.0B | $10.3B | ||
| Q4 24 | $1.5B | $10.6B | ||
| Q3 24 | $908.1M | $11.2B | ||
| Q2 24 | $288.2M | $10.2B |
总资产FTNTRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $10.4B | $53.8B | ||
| Q3 25 | $9.4B | $54.5B | ||
| Q2 25 | $10.6B | $54.7B | ||
| Q1 25 | $10.4B | $53.6B | ||
| Q4 24 | $9.8B | $50.7B | ||
| Q3 24 | $8.9B | $52.8B | ||
| Q2 24 | $8.1B | $51.6B |
负债/权益比FTNTRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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FTNTRNR
| Q1 26 | — | — | ||
| Q4 25 | $620.2M | $483.0M | ||
| Q3 25 | $655.2M | $1.6B | ||
| Q2 25 | $451.9M | $1.5B | ||
| Q1 25 | $863.3M | $157.8M | ||
| Q4 24 | $477.6M | $778.9M | ||
| Q3 24 | $608.1M | $1.5B | ||
| Q2 24 | $342.0M | $1.2B |
自由现金流FTNTRNR
| Q1 26 | — | — | ||
| Q4 25 | $577.4M | — | ||
| Q3 25 | $567.5M | — | ||
| Q2 25 | $284.1M | — | ||
| Q1 25 | $796.8M | — | ||
| Q4 24 | $380.0M | — | ||
| Q3 24 | $571.8M | — | ||
| Q2 24 | $318.9M | — |
自由现金流率FTNTRNR
| Q1 26 | — | — | ||
| Q4 25 | 30.3% | — | ||
| Q3 25 | 32.9% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 51.8% | — | ||
| Q4 24 | 22.9% | — | ||
| Q3 24 | 37.9% | — | ||
| Q2 24 | 22.2% | — |
资本支出强度FTNTRNR
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.6% | — |
现金转化率FTNTRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 0.64× | ||
| Q3 25 | 1.38× | 1.73× | ||
| Q2 25 | 1.03× | 1.76× | ||
| Q1 25 | 1.99× | 0.93× | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 1.13× | 1.26× | ||
| Q2 24 | 0.90× | 2.41× |
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% |
RNR
暂无分部数据
