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飞塔（FTNT）与SiteOne Landscape Supply, Inc.（SITE）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SiteOne Landscape Supply, Inc.的1.8倍（$1.9B vs $1.0B），飞塔净利率更高（26.6% vs -0.9%，领先27.4%），飞塔同比增速更快（14.8% vs 3.2%），飞塔自由现金流更多（$577.4M vs $150.3M），过去两年飞塔的营收复合增速更高（18.6% vs 7.5%）
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。
SiteOne Landscape Supply是北美领先的园林景观用品批发分销商，主营灌溉配件、户外照明、硬质景观材料、苗木、园艺工具及相关配件，主要服务专业景观设计师、承包商、高尔夫球场运营方及市政维护团队，在美加拥有广泛的线下门店网络。
FTNT vs SITE — 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11.5%
3.2%
净利率更高
FTNT
高出27.4%
-0.9%
自由现金流更多
FTNT
多$427.1M
$150.3M
两年增速更快
FTNT
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $506.0M | $-9.0M |
| 毛利率 | 79.6% | 34.1% |
| 营业利润率 | 32.8% | -0.5% |
| 净利率 | 26.6% | -0.9% |
| 营收同比 | 14.8% | 3.2% |
| 净利润同比 | -3.8% | 58.5% |
| 每股收益（稀释后） | $0.67 | $-0.19 |
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FTNTSITE
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.5B | $939.4M | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.4B | $904.8M |
净利润FTNTSITE
| Q4 25 | $506.0M | $-9.0M | ||
| Q3 25 | $473.9M | $59.1M | ||
| Q2 25 | $440.1M | $129.0M | ||
| Q1 25 | $433.4M | $-27.3M | ||
| Q4 24 | $526.2M | $-21.7M | ||
| Q3 24 | $539.9M | $44.4M | ||
| Q2 24 | $379.8M | $120.2M | ||
| Q1 24 | $299.3M | $-19.3M |
毛利率FTNTSITE
| Q4 25 | 79.6% | 34.1% | ||
| Q3 25 | 80.8% | 34.7% | ||
| Q2 25 | 80.7% | 36.4% | ||
| Q1 25 | 81.0% | 33.0% | ||
| Q4 24 | 81.1% | 33.3% | ||
| Q3 24 | 82.5% | 34.0% | ||
| Q2 24 | 80.8% | 36.1% | ||
| Q1 24 | 77.5% | 33.3% |
营业利润率FTNTSITE
| Q4 25 | 32.8% | -0.5% | ||
| Q3 25 | 31.7% | 6.8% | ||
| Q2 25 | 28.1% | 12.8% | ||
| Q1 25 | 29.5% | -3.1% | ||
| Q4 24 | 34.6% | -2.5% | ||
| Q3 24 | 31.2% | 5.8% | ||
| Q2 24 | 30.5% | 12.0% | ||
| Q1 24 | 23.7% | -2.5% |
净利率FTNTSITE
| Q4 25 | 26.6% | -0.9% | ||
| Q3 25 | 27.5% | 4.7% | ||
| Q2 25 | 27.0% | 8.8% | ||
| Q1 25 | 28.1% | -2.9% | ||
| Q4 24 | 31.7% | -2.1% | ||
| Q3 24 | 35.8% | 3.7% | ||
| Q2 24 | 26.5% | 8.5% | ||
| Q1 24 | 22.1% | -2.1% |
每股收益（稀释后）FTNTSITE
| Q4 25 | $0.67 | $-0.19 | ||
| Q3 25 | $0.62 | $1.31 | ||
| Q2 25 | $0.57 | $2.86 | ||
| Q1 25 | $0.56 | $-0.61 | ||
| Q4 24 | $0.68 | $-0.46 | ||
| Q3 24 | $0.70 | $0.97 | ||
| Q2 24 | $0.49 | $2.63 | ||
| Q1 24 | $0.39 | $-0.43 |
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 | $190.6M |
| 总债务越低越好 | — | $385.4M |
| 股东权益账面价值 | $1.2B | $1.7B |
| 总资产 | $10.4B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资FTNTSITE
| Q4 25 | $2.5B | $190.6M | ||
| Q3 25 | $2.0B | $106.9M | ||
| Q2 25 | $3.4B | $78.6M | ||
| Q1 25 | $3.6B | $56.6M | ||
| Q4 24 | $2.9B | $107.1M | ||
| Q3 24 | $2.5B | $85.5M | ||
| Q2 24 | $2.2B | $71.9M | ||
| Q1 24 | $1.9B | $41.5M |
总债务FTNTSITE
| Q4 25 | — | $385.4M | ||
| Q3 25 | — | $388.4M | ||
| Q2 25 | — | $469.9M | ||
| Q1 25 | — | $503.0M | ||
| Q4 24 | — | $388.2M | ||
| Q3 24 | — | $410.6M | ||
| Q2 24 | — | $480.2M | ||
| Q1 24 | — | $448.0M |
股东权益FTNTSITE
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $735.1M | $1.7B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $908.1M | $1.6B | ||
| Q2 24 | $288.2M | $1.6B | ||
| Q1 24 | $-137.5M | $1.5B |
总资产FTNTSITE
| Q4 25 | $10.4B | $3.2B | ||
| Q3 25 | $9.4B | $3.3B | ||
| Q2 25 | $10.6B | $3.3B | ||
| Q1 25 | $10.4B | $3.3B | ||
| Q4 24 | $9.8B | $3.1B | ||
| Q3 24 | $8.9B | $3.1B | ||
| Q2 24 | $8.1B | $3.2B | ||
| Q1 24 | $7.7B | $3.0B |
负债/权益比FTNTSITE
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.25× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.30× |
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 | $164.8M |
| 自由现金流经营现金流 - 资本支出 | $577.4M | $150.3M |
| 自由现金流率自由现金流/营收 | 30.3% | 14.4% |
| 资本支出强度资本支出/营收 | 2.2% | 1.4% |
| 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 | $246.8M |
8季度趋势，按日历期对齐
经营现金流FTNTSITE
| Q4 25 | $620.2M | $164.8M | ||
| Q3 25 | $655.2M | $128.6M | ||
| Q2 25 | $451.9M | $136.7M | ||
| Q1 25 | $863.3M | $-129.6M | ||
| Q4 24 | $477.6M | $119.4M | ||
| Q3 24 | $608.1M | $115.9M | ||
| Q2 24 | $342.0M | $147.4M | ||
| Q1 24 | $830.4M | $-99.3M |
自由现金流FTNTSITE
| Q4 25 | $577.4M | $150.3M | ||
| Q3 25 | $567.5M | $118.5M | ||
| Q2 25 | $284.1M | $122.4M | ||
| Q1 25 | $796.8M | $-144.4M | ||
| Q4 24 | $380.0M | $109.9M | ||
| Q3 24 | $571.8M | $105.9M | ||
| Q2 24 | $318.9M | $135.3M | ||
| Q1 24 | $608.5M | $-108.2M |
自由现金流率FTNTSITE
| Q4 25 | 30.3% | 14.4% | ||
| Q3 25 | 32.9% | 9.4% | ||
| Q2 25 | 17.4% | 8.4% | ||
| Q1 25 | 51.8% | -15.4% | ||
| Q4 24 | 22.9% | 10.8% | ||
| Q3 24 | 37.9% | 8.8% | ||
| Q2 24 | 22.2% | 9.6% | ||
| Q1 24 | 45.0% | -12.0% |
资本支出强度FTNTSITE
| Q4 25 | 2.2% | 1.4% | ||
| Q3 25 | 5.1% | 0.8% | ||
| Q2 25 | 10.3% | 1.0% | ||
| Q1 25 | 4.3% | 1.6% | ||
| Q4 24 | 5.9% | 0.9% | ||
| Q3 24 | 2.4% | 0.8% | ||
| Q2 24 | 1.6% | 0.9% | ||
| Q1 24 | 16.4% | 1.0% |
现金转化率FTNTSITE
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.38× | 2.18× | ||
| Q2 25 | 1.03× | 1.06× | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 1.13× | 2.61× | ||
| Q2 24 | 0.90× | 1.23× | ||
| Q1 24 | 2.77× | — |
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% |
SITE
| Landscaping Products | $798.4M | 76% |
| Agronomic | $247.2M | 24% |
