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飞塔（FTNT）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是飞塔的1.0倍（$1.9B vs $1.9B），飞塔净利率更高（26.6% vs 8.4%，领先18.1%），飞塔同比增速更快（14.8% vs 3.5%），飞塔自由现金流更多（$577.4M vs $296.4M），过去两年飞塔的营收复合增速更高（18.6% vs 12.0%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
FTNT vs RPM — 直观对比
营收规模更大
RPM
是对方的1.0倍
$1.9B
营收增速更快
FTNT
高出11.3%
3.5%
净利率更高
FTNT
高出18.1%
8.4%
自由现金流更多
FTNT
多$281.0M
$296.4M
两年增速更快
FTNT
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.9B |
| 净利润 | $506.0M | $161.2M |
| 毛利率 | 79.6% | 40.8% |
| 营业利润率 | 32.8% | 11.0% |
| 净利率 | 26.6% | 8.4% |
| 营收同比 | 14.8% | 3.5% |
| 净利润同比 | -3.8% | -12.0% |
| 每股收益（稀释后） | $0.67 | $1.26 |
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FTNTRPM
| Q4 25 | $1.9B | $1.9B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.7B | $1.8B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $1.5B |
净利润FTNTRPM
| Q4 25 | $506.0M | $161.2M | ||
| Q3 25 | $473.9M | $227.6M | ||
| Q2 25 | $440.1M | $225.8M | ||
| Q1 25 | $433.4M | $52.0M | ||
| Q4 24 | $526.2M | $183.2M | ||
| Q3 24 | $539.9M | $227.7M | ||
| Q2 24 | $379.8M | $180.6M | ||
| Q1 24 | $299.3M | $61.2M |
毛利率FTNTRPM
| Q4 25 | 79.6% | 40.8% | ||
| Q3 25 | 80.8% | 42.3% | ||
| Q2 25 | 80.7% | 42.4% | ||
| Q1 25 | 81.0% | 38.4% | ||
| Q4 24 | 81.1% | 41.4% | ||
| Q3 24 | 82.5% | 42.5% | ||
| Q2 24 | 80.8% | 41.4% | ||
| Q1 24 | 77.5% | 39.9% |
营业利润率FTNTRPM
| Q4 25 | 32.8% | 11.0% | ||
| Q3 25 | 31.7% | 14.1% | ||
| Q2 25 | 28.1% | 11.9% | ||
| Q1 25 | 29.5% | 2.8% | ||
| Q4 24 | 34.6% | 11.5% | ||
| Q3 24 | 31.2% | 14.8% | ||
| Q2 24 | 30.5% | 11.9% | ||
| Q1 24 | 23.7% | 5.5% |
净利率FTNTRPM
| Q4 25 | 26.6% | 8.4% | ||
| Q3 25 | 27.5% | 10.8% | ||
| Q2 25 | 27.0% | 10.8% | ||
| Q1 25 | 28.1% | 3.5% | ||
| Q4 24 | 31.7% | 9.9% | ||
| Q3 24 | 35.8% | 11.6% | ||
| Q2 24 | 26.5% | 9.0% | ||
| Q1 24 | 22.1% | 4.0% |
每股收益（稀释后）FTNTRPM
| Q4 25 | $0.67 | $1.26 | ||
| Q3 25 | $0.62 | $1.77 | ||
| Q2 25 | $0.57 | $1.76 | ||
| Q1 25 | $0.56 | $0.40 | ||
| Q4 24 | $0.68 | $1.42 | ||
| Q3 24 | $0.70 | $1.77 | ||
| Q2 24 | $0.49 | $1.40 | ||
| Q1 24 | $0.39 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $1.2B | $3.1B |
| 总资产 | $10.4B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资FTNTRPM
| Q4 25 | $2.5B | $316.6M | ||
| Q3 25 | $2.0B | $297.1M | ||
| Q2 25 | $3.4B | $302.1M | ||
| Q1 25 | $3.6B | $241.9M | ||
| Q4 24 | $2.9B | $268.7M | ||
| Q3 24 | $2.5B | $231.6M | ||
| Q2 24 | $2.2B | $237.4M | ||
| Q1 24 | $1.9B | $248.9M |
总债务FTNTRPM
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益FTNTRPM
| Q4 25 | $1.2B | $3.1B | ||
| Q3 25 | $735.1M | $3.1B | ||
| Q2 25 | $2.1B | $2.9B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $908.1M | $2.6B | ||
| Q2 24 | $288.2M | $2.5B | ||
| Q1 24 | $-137.5M | $2.3B |
总资产FTNTRPM
| Q4 25 | $10.4B | $7.9B | ||
| Q3 25 | $9.4B | $7.9B | ||
| Q2 25 | $10.6B | $7.8B | ||
| Q1 25 | $10.4B | $6.6B | ||
| Q4 24 | $9.8B | $6.7B | ||
| Q3 24 | $8.9B | $6.6B | ||
| Q2 24 | $8.1B | $6.6B | ||
| Q1 24 | $7.7B | $6.4B |
负债/权益比FTNTRPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $577.4M | $296.4M |
| 自由现金流率自由现金流/营收 | 30.3% | 15.5% |
| 资本支出强度资本支出/营收 | 2.2% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.23× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $582.9M |
8季度趋势，按日历期对齐
经营现金流FTNTRPM
| Q4 25 | $620.2M | $345.7M | ||
| Q3 25 | $655.2M | $237.5M | ||
| Q2 25 | $451.9M | $149.2M | ||
| Q1 25 | $863.3M | $91.5M | ||
| Q4 24 | $477.6M | $279.4M | ||
| Q3 24 | $608.1M | $248.1M | ||
| Q2 24 | $342.0M | $181.2M | ||
| Q1 24 | $830.4M | $173.4M |
自由现金流FTNTRPM
| Q4 25 | $577.4M | $296.4M | ||
| Q3 25 | $567.5M | $175.0M | ||
| Q2 25 | $284.1M | $78.2M | ||
| Q1 25 | $796.8M | $33.3M | ||
| Q4 24 | $380.0M | $229.5M | ||
| Q3 24 | $571.8M | $197.3M | ||
| Q2 24 | $318.9M | $105.3M | ||
| Q1 24 | $608.5M | $124.6M |
自由现金流率FTNTRPM
| Q4 25 | 30.3% | 15.5% | ||
| Q3 25 | 32.9% | 8.3% | ||
| Q2 25 | 17.4% | 3.8% | ||
| Q1 25 | 51.8% | 2.3% | ||
| Q4 24 | 22.9% | 12.4% | ||
| Q3 24 | 37.9% | 10.0% | ||
| Q2 24 | 22.2% | 5.2% | ||
| Q1 24 | 45.0% | 8.2% |
资本支出强度FTNTRPM
| Q4 25 | 2.2% | 2.6% | ||
| Q3 25 | 5.1% | 3.0% | ||
| Q2 25 | 10.3% | 3.4% | ||
| Q1 25 | 4.3% | 3.9% | ||
| Q4 24 | 5.9% | 2.7% | ||
| Q3 24 | 2.4% | 2.6% | ||
| Q2 24 | 1.6% | 3.8% | ||
| Q1 24 | 16.4% | 3.2% |
现金转化率FTNTRPM
| Q4 25 | 1.23× | 2.14× | ||
| Q3 25 | 1.38× | 1.04× | ||
| Q2 25 | 1.03× | 0.66× | ||
| Q1 25 | 1.99× | 1.76× | ||
| Q4 24 | 0.91× | 1.53× | ||
| Q3 24 | 1.13× | 1.09× | ||
| Q2 24 | 0.90× | 1.00× | ||
| Q1 24 | 2.77× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
