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伊利诺伊工具公司（ITW）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
伊利诺伊工具公司的季度营收约是派拓网络的1.6倍（$4.1B vs $2.6B），伊利诺伊工具公司净利率更高（19.3% vs 16.7%，领先2.6%），派拓网络同比增速更快（14.9% vs 4.1%），伊利诺伊工具公司自由现金流更多（$858.0M vs $384.0M），过去两年派拓网络的营收复合增速更高（14.3% vs 1.5%）
ITW（伊利诺伊工具公司）是美国财富500强企业，1912年由拜伦·L·史密斯创立。公司主营工程紧固件及组件、设备与耗材系统、特种产品等，依托去中心化、精简运营、以客户为中心的创新及收购策略稳步发展，在全球工业制造领域拥有较高知名度。
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。
ITW vs PANW — 直观对比
营收规模更大
ITW
是对方的1.6倍
$2.6B
营收增速更快
PANW
高出10.8%
4.1%
净利率更高
ITW
高出2.6%
16.7%
自由现金流更多
ITW
多$474.0M
$384.0M
两年增速更快
PANW
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $2.6B |
| 净利润 | $790.0M | $432.0M |
| 毛利率 | 53.0% | 73.6% |
| 营业利润率 | 26.5% | 15.3% |
| 净利率 | 19.3% | 16.7% |
| 营收同比 | 4.1% | 14.9% |
| 净利润同比 | 5.3% | 61.6% |
| 每股收益（稀释后） | $2.72 | $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ITWPANW
| Q1 26 | — | $2.6B | ||
| Q4 25 | $4.1B | $2.5B | ||
| Q3 25 | $4.1B | $2.5B | ||
| Q2 25 | $4.1B | $2.3B | ||
| Q1 25 | $3.8B | $2.3B | ||
| Q4 24 | $3.9B | $2.1B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $4.0B | $2.0B |
净利润ITWPANW
| Q1 26 | — | $432.0M | ||
| Q4 25 | $790.0M | $334.0M | ||
| Q3 25 | $821.0M | $253.8M | ||
| Q2 25 | $755.0M | $262.1M | ||
| Q1 25 | $700.0M | $267.3M | ||
| Q4 24 | $750.0M | $350.7M | ||
| Q3 24 | $1.2B | $357.7M | ||
| Q2 24 | $759.0M | $278.8M |
毛利率ITWPANW
| Q1 26 | — | 73.6% | ||
| Q4 25 | 53.0% | 74.2% | ||
| Q3 25 | 53.2% | 73.2% | ||
| Q2 25 | 52.8% | 72.9% | ||
| Q1 25 | 52.6% | 73.5% | ||
| Q4 24 | 52.1% | 74.1% | ||
| Q3 24 | 52.5% | 73.8% | ||
| Q2 24 | 52.3% | 74.1% |
营业利润率ITWPANW
| Q1 26 | — | 15.3% | ||
| Q4 25 | 26.5% | 12.5% | ||
| Q3 25 | 27.4% | 19.6% | ||
| Q2 25 | 26.4% | 9.6% | ||
| Q1 25 | 24.8% | 10.6% | ||
| Q4 24 | 26.2% | 13.4% | ||
| Q3 24 | 26.5% | 10.9% | ||
| Q2 24 | 26.2% | 8.9% |
净利率ITWPANW
| Q1 26 | — | 16.7% | ||
| Q4 25 | 19.3% | 13.5% | ||
| Q3 25 | 20.2% | 10.0% | ||
| Q2 25 | 18.6% | 11.5% | ||
| Q1 25 | 18.2% | 11.8% | ||
| Q4 24 | 19.1% | 16.4% | ||
| Q3 24 | 29.2% | 16.3% | ||
| Q2 24 | 18.8% | 14.0% |
每股收益（稀释后）ITWPANW
| Q1 26 | — | $0.61 | ||
| Q4 25 | $2.72 | $0.47 | ||
| Q3 25 | $2.81 | $-0.14 | ||
| Q2 25 | $2.58 | $0.37 | ||
| Q1 25 | $2.38 | $0.38 | ||
| Q4 24 | $2.53 | $0.99 | ||
| Q3 24 | $3.91 | $1.04 | ||
| Q2 24 | $2.54 | $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 | $851.0M | $4.5B |
| 总债务越低越好 | $7.7B | — |
| 股东权益账面价值 | $3.2B | $9.4B |
| 总资产 | $16.1B | $25.0B |
| 负债/权益比越低杠杆越低 | 2.38× | — |
8季度趋势，按日历期对齐
现金及短期投资ITWPANW
| Q1 26 | — | $4.5B | ||
| Q4 25 | $851.0M | $4.2B | ||
| Q3 25 | $924.0M | $2.9B | ||
| Q2 25 | $788.0M | $3.3B | ||
| Q1 25 | $873.0M | $3.2B | ||
| Q4 24 | $948.0M | $3.4B | ||
| Q3 24 | $947.0M | $2.6B | ||
| Q2 24 | $862.0M | $2.9B |
总债务ITWPANW
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ITWPANW
| Q1 26 | — | $9.4B | ||
| Q4 25 | $3.2B | $8.7B | ||
| Q3 25 | $3.2B | $7.8B | ||
| Q2 25 | $3.2B | $7.2B | ||
| Q1 25 | $3.2B | $6.4B | ||
| Q4 24 | $3.3B | $5.9B | ||
| Q3 24 | $3.4B | $5.2B | ||
| Q2 24 | $3.0B | $4.5B |
总资产ITWPANW
| Q1 26 | — | $25.0B | ||
| Q4 25 | $16.1B | $23.5B | ||
| Q3 25 | $16.1B | $23.6B | ||
| Q2 25 | $16.0B | $22.0B | ||
| Q1 25 | $15.5B | $21.0B | ||
| Q4 24 | $15.1B | $20.4B | ||
| Q3 24 | $15.8B | $20.0B | ||
| Q2 24 | $15.6B | $17.9B |
负债/权益比ITWPANW
| Q1 26 | — | — | ||
| Q4 25 | 2.38× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.14× | — | ||
| 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 | $963.0M | $554.0M |
| 自由现金流经营现金流 - 资本支出 | $858.0M | $384.0M |
| 自由现金流率自由现金流/营收 | 21.0% | 14.8% |
| 资本支出强度资本支出/营收 | 2.6% | 6.6% |
| 现金转化率经营现金流/净利润 | 1.22× | 1.28× |
| 过去12个月自由现金流最近4个季度 | $2.7B | $3.6B |
8季度趋势，按日历期对齐
经营现金流ITWPANW
| Q1 26 | — | $554.0M | ||
| Q4 25 | $963.0M | $1.8B | ||
| Q3 25 | $1.0B | $1.0B | ||
| Q2 25 | $550.0M | $628.7M | ||
| Q1 25 | $592.0M | $556.9M | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $891.0M | $512.7M | ||
| Q2 24 | $687.0M | $528.9M |
自由现金流ITWPANW
| Q1 26 | — | $384.0M | ||
| Q4 25 | $858.0M | $1.7B | ||
| Q3 25 | $904.0M | $934.5M | ||
| Q2 25 | $449.0M | $560.4M | ||
| Q1 25 | $496.0M | $509.4M | ||
| Q4 24 | $996.0M | $1.5B | ||
| Q3 24 | $783.0M | $465.3M | ||
| Q2 24 | $571.0M | $491.5M |
自由现金流率ITWPANW
| Q1 26 | — | 14.8% | ||
| Q4 25 | 21.0% | 68.2% | ||
| Q3 25 | 22.3% | 36.8% | ||
| Q2 25 | 11.1% | 24.5% | ||
| Q1 25 | 12.9% | 22.6% | ||
| Q4 24 | 25.3% | 68.5% | ||
| Q3 24 | 19.7% | 21.3% | ||
| Q2 24 | 14.2% | 24.8% |
资本支出强度ITWPANW
| Q1 26 | — | 6.6% | ||
| Q4 25 | 2.6% | 3.4% | ||
| Q3 25 | 2.9% | 3.4% | ||
| Q2 25 | 2.5% | 3.0% | ||
| Q1 25 | 2.5% | 2.1% | ||
| Q4 24 | 3.0% | 2.1% | ||
| Q3 24 | 2.7% | 2.2% | ||
| Q2 24 | 2.9% | 1.9% |
现金转化率ITWPANW
| Q1 26 | — | 1.28× | ||
| Q4 25 | 1.22× | 5.30× | ||
| Q3 25 | 1.24× | 4.02× | ||
| Q2 25 | 0.73× | 2.40× | ||
| Q1 25 | 0.85× | 2.08× | ||
| Q4 24 | 1.49× | 4.30× | ||
| Q3 24 | 0.77× | 1.43× | ||
| Q2 24 | 0.91× | 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
ITW
暂无分部数据
PANW
| Subscription | $1.4B | 54% |
| Support | $676.0M | 26% |
| Products | $514.0M | 20% |
