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因塞特（INCY）与Zscaler, Inc.（ZS）财务数据对比。点击上方公司名可切换其他公司
因塞特的季度营收约是Zscaler, Inc.的1.6倍（$1.3B vs $788.1M），因塞特净利率更高（23.8% vs -1.5%，领先25.3%），Zscaler, Inc.同比增速更快（25.5% vs 19.8%），过去两年Zscaler, Inc.的营收复合增速更高（22.5% vs 10.4%）
因塞特是总部位于美国特拉华州威尔明顿的跨国制药企业，目前在北美、欧洲及亚洲多地设有生产基地与研发中心，专注于创新药物的研发、生产及商业化，为全球患者提供优质的治疗选择。
Zscaler是总部位于美国加利福尼亚州圣何塞的云安全企业，专注提供云原生安全服务，为全球各行业企业的网络系统与数据资产提供全方位防护，助力企业在数字化运营过程中抵御各类安全风险，保障业务稳定开展。
INCY vs ZS — 直观对比
营收规模更大
INCY
是对方的1.6倍
$788.1M
营收增速更快
ZS
高出5.7%
19.8%
净利率更高
INCY
高出25.3%
-1.5%
两年增速更快
ZS
近两年复合增速
10.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $788.1M |
| 净利润 | $303.3M | $-11.6M |
| 毛利率 | — | 76.6% |
| 营业利润率 | 23.7% | -4.6% |
| 净利率 | 23.8% | -1.5% |
| 营收同比 | 19.8% | 25.5% |
| 净利润同比 | 91.7% | 3.6% |
| 每股收益（稀释后） | $1.47 | $-0.07 |
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INCYZS
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $788.1M | ||
| Q3 25 | $1.4B | $719.2M | ||
| Q2 25 | $1.2B | $678.0M | ||
| Q1 25 | $1.1B | $647.9M | ||
| Q4 24 | $1.2B | $628.0M | ||
| Q3 24 | $1.1B | $592.9M | ||
| Q2 24 | $1.0B | $553.2M |
净利润INCYZS
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $-11.6M | ||
| Q3 25 | $424.2M | $-17.6M | ||
| Q2 25 | $405.0M | $-4.1M | ||
| Q1 25 | $158.2M | $-7.7M | ||
| Q4 24 | $201.2M | $-12.1M | ||
| Q3 24 | $106.5M | $-14.9M | ||
| Q2 24 | $-444.6M | $19.1M |
毛利率INCYZS
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 76.6% | ||
| Q3 25 | 92.8% | 76.1% | ||
| Q2 25 | 93.5% | 77.0% | ||
| Q1 25 | 93.0% | 77.1% | ||
| Q4 24 | 92.5% | 77.5% | ||
| Q3 24 | 92.4% | 78.0% | ||
| Q2 24 | 92.7% | 78.6% |
营业利润率INCYZS
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | -4.6% | ||
| Q3 25 | 32.5% | -4.5% | ||
| Q2 25 | 43.6% | -3.7% | ||
| Q1 25 | 19.5% | -6.2% | ||
| Q4 24 | 25.6% | -4.9% | ||
| Q3 24 | 12.8% | -4.5% | ||
| Q2 24 | -45.8% | -0.5% |
净利率INCYZS
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | -1.5% | ||
| Q3 25 | 31.1% | -2.4% | ||
| Q2 25 | 33.3% | -0.6% | ||
| Q1 25 | 15.0% | -1.2% | ||
| Q4 24 | 17.1% | -1.9% | ||
| Q3 24 | 9.4% | -2.5% | ||
| Q2 24 | -42.6% | 3.5% |
每股收益（稀释后）INCYZS
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | $-0.07 | ||
| Q3 25 | $2.11 | $-0.11 | ||
| Q2 25 | $2.04 | $-0.03 | ||
| Q1 25 | $0.80 | $-0.05 | ||
| Q4 24 | $0.90 | $-0.08 | ||
| Q3 24 | $0.54 | $-0.09 | ||
| Q2 24 | $-2.04 | $0.12 |
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 | — | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.6B | $2.0B |
| 总资产 | $7.3B | $6.5B |
| 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INCYZS
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $1.3B | ||
| Q3 25 | $2.5B | $2.4B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.7B | $1.6B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $987.3M | $1.3B |
总债务INCYZS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B |
股东权益INCYZS
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $2.0B | ||
| Q3 25 | $4.7B | $1.8B | ||
| Q2 25 | $4.2B | $1.8B | ||
| Q1 25 | $3.7B | $1.6B | ||
| Q4 24 | $3.4B | $1.4B | ||
| Q3 24 | $3.2B | $1.3B | ||
| Q2 24 | $3.0B | $1.1B |
总资产INCYZS
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $6.5B | ||
| Q3 25 | $6.3B | $6.4B | ||
| Q2 25 | $5.8B | $5.3B | ||
| Q1 25 | $5.7B | $5.0B | ||
| Q4 24 | $5.4B | $4.7B | ||
| Q3 24 | $5.0B | $4.7B | ||
| Q2 24 | $4.7B | $4.2B |
负债/权益比INCYZS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× |
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 | — | $448.3M |
| 自由现金流经营现金流 - 资本支出 | — | $431.0M |
| 自由现金流率自由现金流/营收 | — | 54.7% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $924.9M |
8季度趋势，按日历期对齐
经营现金流INCYZS
| Q1 26 | — | — | ||
| Q4 25 | $543.3M | $448.3M | ||
| Q3 25 | $559.4M | $250.6M | ||
| Q2 25 | $44.7M | $211.1M | ||
| Q1 25 | $266.1M | $179.4M | ||
| Q4 24 | $381.2M | $331.3M | ||
| Q3 24 | $310.9M | $203.6M | ||
| Q2 24 | $-575.6M | $173.4M |
自由现金流INCYZS
| Q1 26 | — | — | ||
| Q4 25 | — | $431.0M | ||
| Q3 25 | — | $190.6M | ||
| Q2 25 | — | $138.9M | ||
| Q1 25 | — | $164.4M | ||
| Q4 24 | — | $314.3M | ||
| Q3 24 | — | $154.2M | ||
| Q2 24 | — | $137.8M |
自由现金流率INCYZS
| Q1 26 | — | — | ||
| Q4 25 | — | 54.7% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 25.4% | ||
| Q4 24 | — | 50.1% | ||
| Q3 24 | — | 26.0% | ||
| Q2 24 | — | 24.9% |
资本支出强度INCYZS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 6.4% |
现金转化率INCYZS
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.32× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.89× | — | ||
| Q3 24 | 2.92× | — | ||
| Q2 24 | — | 9.07× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
