vs
赫兹（HTZ）与派拓网络（PANW）财务数据对比。点击上方公司名可切换其他公司
派拓网络的季度营收约是赫兹的1.3倍（$2.6B vs $2.0B），派拓网络净利率更高（16.7% vs -9.6%，领先26.2%），派拓网络同比增速更快（14.9% vs -0.6%），过去两年派拓网络的营收复合增速更高（14.3% vs -1.3%）
赫兹全球控股是美国知名汽车租赁企业，总部位于佛罗里达州埃斯特罗。公司运营赫兹同名核心品牌，同时拥有Dollar、Firefly、Thrifty等多个汽车租赁子品牌，业务覆盖全球广泛市场，为客户提供多元出行租赁解决方案。
派拓网络（Palo Alto Networks）是总部位于美国加利福尼亚州圣克拉拉的跨国网络安全企业，核心产品包括高级防火墙及拓展其防护能力的云原生安全服务，为全球150多个国家的超7万家机构、含85家财富100强企业提供服务，旗下拥有知名威胁研究团队Unit 42，还举办Ignite网络安全行业峰会。
HTZ vs PANW — 直观对比
营收规模更大
PANW
是对方的1.3倍
$2.0B
营收增速更快
PANW
高出15.5%
-0.6%
净利率更高
PANW
高出26.2%
-9.6%
两年增速更快
PANW
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.6B |
| 净利润 | $-194.0M | $432.0M |
| 毛利率 | — | 73.6% |
| 营业利润率 | -11.0% | 15.3% |
| 净利率 | -9.6% | 16.7% |
| 营收同比 | -0.6% | 14.9% |
| 净利润同比 | 59.5% | 61.6% |
| 每股收益（稀释后） | $-0.46 | $0.61 |
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HTZPANW
| Q1 26 | — | $2.6B | ||
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.5B | $2.5B | ||
| Q2 25 | $2.2B | $2.3B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $2.0B | $2.1B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.4B | $2.0B |
净利润HTZPANW
| Q1 26 | — | $432.0M | ||
| Q4 25 | $-194.0M | $334.0M | ||
| Q3 25 | $184.0M | $253.8M | ||
| Q2 25 | $-294.0M | $262.1M | ||
| Q1 25 | $-443.0M | $267.3M | ||
| Q4 24 | $-479.0M | $350.7M | ||
| Q3 24 | $-1.3B | $357.7M | ||
| Q2 24 | $-865.0M | $278.8M |
毛利率HTZPANW
| Q1 26 | — | 73.6% | ||
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 73.2% | ||
| Q2 25 | — | 72.9% | ||
| Q1 25 | — | 73.5% | ||
| Q4 24 | — | 74.1% | ||
| Q3 24 | — | 73.8% | ||
| Q2 24 | — | 74.1% |
营业利润率HTZPANW
| Q1 26 | — | 15.3% | ||
| Q4 25 | -11.0% | 12.5% | ||
| Q3 25 | 9.4% | 19.6% | ||
| Q2 25 | -14.5% | 9.6% | ||
| Q1 25 | -29.0% | 10.6% | ||
| Q4 24 | -27.6% | 13.4% | ||
| Q3 24 | -62.9% | 10.9% | ||
| Q2 24 | -20.1% | 8.9% |
净利率HTZPANW
| Q1 26 | — | 16.7% | ||
| Q4 25 | -9.6% | 13.5% | ||
| Q3 25 | 7.4% | 10.0% | ||
| Q2 25 | -13.5% | 11.5% | ||
| Q1 25 | -24.4% | 11.8% | ||
| Q4 24 | -23.5% | 16.4% | ||
| Q3 24 | -51.7% | 16.3% | ||
| Q2 24 | -36.8% | 14.0% |
每股收益（稀释后）HTZPANW
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.46 | $0.47 | ||
| Q3 25 | $0.42 | $-0.14 | ||
| Q2 25 | $-0.95 | $0.37 | ||
| Q1 25 | $-1.44 | $0.38 | ||
| Q4 24 | $-1.57 | $0.99 | ||
| Q3 24 | $-4.34 | $1.04 | ||
| Q2 24 | $-2.82 | $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 | $565.0M | $4.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-459.0M | $9.4B |
| 总资产 | $22.3B | $25.0B |
| 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HTZPANW
| Q1 26 | — | $4.5B | ||
| Q4 25 | $565.0M | $4.2B | ||
| Q3 25 | $1.1B | $2.9B | ||
| Q2 25 | $503.0M | $3.3B | ||
| Q1 25 | $626.0M | $3.2B | ||
| Q4 24 | $592.0M | $3.4B | ||
| Q3 24 | $501.0M | $2.6B | ||
| Q2 24 | $568.0M | $2.9B |
股东权益HTZPANW
| Q1 26 | — | $9.4B | ||
| Q4 25 | $-459.0M | $8.7B | ||
| Q3 25 | $-317.0M | $7.8B | ||
| Q2 25 | $-504.0M | $7.2B | ||
| Q1 25 | $-262.0M | $6.4B | ||
| Q4 24 | $153.0M | $5.9B | ||
| Q3 24 | $681.0M | $5.2B | ||
| Q2 24 | $2.0B | $4.5B |
总资产HTZPANW
| Q1 26 | — | $25.0B | ||
| Q4 25 | $22.3B | $23.5B | ||
| Q3 25 | $23.0B | $23.6B | ||
| Q2 25 | $23.1B | $22.0B | ||
| Q1 25 | $22.0B | $21.0B | ||
| Q4 24 | $21.8B | $20.4B | ||
| Q3 24 | $23.0B | $20.0B | ||
| Q2 24 | $25.2B | $17.9B |
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 | $193.0M | $554.0M |
| 自由现金流经营现金流 - 资本支出 | — | $384.0M |
| 自由现金流率自由现金流/营收 | — | 14.8% |
| 资本支出强度资本支出/营收 | — | 6.6% |
| 现金转化率经营现金流/净利润 | — | 1.28× |
| 过去12个月自由现金流最近4个季度 | — | $3.6B |
8季度趋势，按日历期对齐
经营现金流HTZPANW
| Q1 26 | — | $554.0M | ||
| Q4 25 | $193.0M | $1.8B | ||
| Q3 25 | $835.0M | $1.0B | ||
| Q2 25 | $346.0M | $628.7M | ||
| Q1 25 | $251.0M | $556.9M | ||
| Q4 24 | $414.0M | $1.5B | ||
| Q3 24 | $894.0M | $512.7M | ||
| Q2 24 | $546.0M | $528.9M |
自由现金流HTZPANW
| Q1 26 | — | $384.0M | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $934.5M | ||
| Q2 25 | — | $560.4M | ||
| Q1 25 | — | $509.4M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $465.3M | ||
| Q2 24 | — | $491.5M |
自由现金流率HTZPANW
| Q1 26 | — | 14.8% | ||
| Q4 25 | — | 68.2% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 24.5% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 68.5% | ||
| Q3 24 | — | 21.3% | ||
| Q2 24 | — | 24.8% |
资本支出强度HTZPANW
| Q1 26 | — | 6.6% | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 1.9% |
现金转化率HTZPANW
| Q1 26 | — | 1.28× | ||
| Q4 25 | — | 5.30× | ||
| Q3 25 | 4.54× | 4.02× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 2.08× | ||
| Q4 24 | — | 4.30× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | — | 1.90× |
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
HTZ
暂无分部数据
PANW
| Subscription | $1.4B | 54% |
| Support | $676.0M | 26% |
| Products | $514.0M | 20% |
