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飞塔（FTNT）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是飞塔的2.0倍（$3.8B vs $1.9B），飞塔净利率更高（26.6% vs 6.6%，领先20.0%），飞塔同比增速更快（14.8% vs 0.8%），过去两年飞塔的营收复合增速更高（18.6% vs 5.5%）
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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
FTNT vs SFD — 直观对比
营收规模更大
SFD
是对方的2.0倍
$1.9B
营收增速更快
FTNT
高出14.0%
0.8%
净利率更高
FTNT
高出20.0%
6.6%
两年增速更快
FTNT
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.8B |
| 净利润 | $506.0M | $249.0M |
| 毛利率 | 79.6% | 13.4% |
| 营业利润率 | 32.8% | 8.8% |
| 净利率 | 26.6% | 6.6% |
| 营收同比 | 14.8% | 0.8% |
| 净利润同比 | -3.8% | 9.7% |
| 每股收益（稀释后） | $0.67 | — |
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FTNTSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $1.9B | $4.2B | ||
| Q3 25 | $1.7B | $3.7B | ||
| Q2 25 | $1.6B | $3.8B | ||
| Q1 25 | $1.5B | $3.8B | ||
| Q4 24 | $1.7B | $4.0B | ||
| Q3 24 | $1.5B | $3.3B | ||
| Q2 24 | $1.4B | $3.4B |
净利润FTNTSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $506.0M | $327.0M | ||
| Q3 25 | $473.9M | $248.0M | ||
| Q2 25 | $440.1M | $188.0M | ||
| Q1 25 | $433.4M | $224.0M | ||
| Q4 24 | $526.2M | $205.0M | ||
| Q3 24 | $539.9M | $291.0M | ||
| Q2 24 | $379.8M | $301.0M |
毛利率FTNTSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | 79.6% | 14.2% | ||
| Q3 25 | 80.8% | 12.8% | ||
| Q2 25 | 80.7% | 13.2% | ||
| Q1 25 | 81.0% | 13.5% | ||
| Q4 24 | 81.1% | 13.5% | ||
| Q3 24 | 82.5% | 14.3% | ||
| Q2 24 | 80.8% | 15.4% |
营业利润率FTNTSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 32.8% | 9.5% | ||
| Q3 25 | 31.7% | 8.3% | ||
| Q2 25 | 28.1% | 6.9% | ||
| Q1 25 | 29.5% | 8.5% | ||
| Q4 24 | 34.6% | 8.5% | ||
| Q3 24 | 31.2% | 8.5% | ||
| Q2 24 | 30.5% | 9.8% |
净利率FTNTSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 26.6% | 7.7% | ||
| Q3 25 | 27.5% | 6.6% | ||
| Q2 25 | 27.0% | 5.0% | ||
| Q1 25 | 28.1% | 5.9% | ||
| Q4 24 | 31.7% | 5.2% | ||
| Q3 24 | 35.8% | 8.7% | ||
| Q2 24 | 26.5% | 8.8% |
每股收益（稀释后）FTNTSFD
| Q1 26 | — | — | ||
| Q4 25 | $0.67 | $0.83 | ||
| Q3 25 | $0.62 | $0.63 | ||
| Q2 25 | $0.57 | $0.48 | ||
| Q1 25 | $0.56 | $0.57 | ||
| Q4 24 | $0.68 | $0.54 | ||
| Q3 24 | $0.70 | $0.77 | ||
| Q2 24 | $0.49 | $0.79 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $6.9B |
| 总资产 | $10.4B | $12.0B |
| 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FTNTSFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.2B | — |
总债务FTNTSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FTNTSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $1.2B | $6.8B | ||
| Q3 25 | $735.1M | $6.5B | ||
| Q2 25 | $2.1B | $6.3B | ||
| Q1 25 | $2.0B | $6.2B | ||
| Q4 24 | $1.5B | $5.8B | ||
| Q3 24 | $908.1M | — | ||
| Q2 24 | $288.2M | — |
总资产FTNTSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $10.4B | $12.2B | ||
| Q3 25 | $9.4B | $11.5B | ||
| Q2 25 | $10.6B | $11.2B | ||
| Q1 25 | $10.4B | $11.1B | ||
| Q4 24 | $9.8B | $11.1B | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $8.1B | — |
负债/权益比FTNTSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% | 2.3% |
| 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FTNTSFD
| Q1 26 | — | — | ||
| Q4 25 | $620.2M | $938.0M | ||
| Q3 25 | $655.2M | $13.0M | ||
| Q2 25 | $451.9M | $274.0M | ||
| Q1 25 | $863.3M | $-166.0M | ||
| Q4 24 | $477.6M | — | ||
| Q3 24 | $608.1M | — | ||
| Q2 24 | $342.0M | — |
自由现金流FTNTSFD
| Q1 26 | — | — | ||
| Q4 25 | $577.4M | $842.0M | ||
| Q3 25 | $567.5M | $-75.0M | ||
| Q2 25 | $284.1M | $196.0M | ||
| Q1 25 | $796.8M | $-245.0M | ||
| Q4 24 | $380.0M | — | ||
| Q3 24 | $571.8M | — | ||
| Q2 24 | $318.9M | — |
自由现金流率FTNTSFD
| Q1 26 | — | — | ||
| Q4 25 | 30.3% | 19.9% | ||
| Q3 25 | 32.9% | -2.0% | ||
| Q2 25 | 17.4% | 5.2% | ||
| Q1 25 | 51.8% | -6.5% | ||
| Q4 24 | 22.9% | — | ||
| Q3 24 | 37.9% | — | ||
| Q2 24 | 22.2% | — |
资本支出强度FTNTSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 2.2% | 2.3% | ||
| Q3 25 | 5.1% | 2.3% | ||
| Q2 25 | 10.3% | 2.1% | ||
| Q1 25 | 4.3% | 2.1% | ||
| Q4 24 | 5.9% | 2.1% | ||
| Q3 24 | 2.4% | 2.8% | ||
| Q2 24 | 1.6% | 2.3% |
现金转化率FTNTSFD
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 2.87× | ||
| Q3 25 | 1.38× | 0.05× | ||
| Q2 25 | 1.03× | 1.46× | ||
| Q1 25 | 1.99× | -0.74× | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.90× | — |
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% |
SFD
暂无分部数据
