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Jackson Financial Inc.（JXN）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Jackson Financial Inc.的1.3倍（$2.6B vs $2.0B），派拓网络净利率更高（16.7% vs -10.3%，领先26.9%），Jackson Financial Inc.同比增速更快（783.6% vs 14.9%），过去两年Jackson Financial Inc.的营收复合增速更高（50.1% vs 14.3%）
本公司是美国大型金融服务企业，旗下子公司面向美国及全球逾40个国家的零售与机构客户，提供保险、退休规划、投资管理等多元产品及服务。2019年为美国最大保险提供商，总资产达8151亿美元，入选《财富》世界500强及美国500强榜单。
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。
JXN 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
JXN
高出768.6%
14.9%
净利率更高
PANW
高出26.9%
-10.3%
两年增速更快
JXN
近两年复合增速
14.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.6B |
| 净利润 | $-204.0M | $432.0M |
| 毛利率 | — | 73.6% |
| 营业利润率 | -18.0% | 15.3% |
| 净利率 | -10.3% | 16.7% |
| 营收同比 | 783.6% | 14.9% |
| 净利润同比 | -159.1% | 61.6% |
| 每股收益（稀释后） | $-3.02 | $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JXNPANW
| Q1 26 | — | $2.6B | ||
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $-471.0M | $2.3B | ||
| Q1 25 | $3.8B | $2.3B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $2.1B | $2.2B | ||
| Q2 24 | $1.2B | $2.0B |
净利润JXNPANW
| Q1 26 | — | $432.0M | ||
| Q4 25 | $-204.0M | $334.0M | ||
| Q3 25 | $76.0M | $253.8M | ||
| Q2 25 | $179.0M | $262.1M | ||
| Q1 25 | $-24.0M | $267.3M | ||
| Q4 24 | — | $350.7M | ||
| Q3 24 | $-469.0M | $357.7M | ||
| Q2 24 | $275.0M | $278.8M |
毛利率JXNPANW
| 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JXNPANW
| Q1 26 | — | 15.3% | ||
| Q4 25 | -18.0% | 12.5% | ||
| Q3 25 | 5.1% | 19.6% | ||
| Q2 25 | — | 9.6% | ||
| Q1 25 | -0.5% | 10.6% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | -27.3% | 10.9% | ||
| Q2 24 | 25.5% | 8.9% |
净利率JXNPANW
| Q1 26 | — | 16.7% | ||
| Q4 25 | -10.3% | 13.5% | ||
| Q3 25 | 5.4% | 10.0% | ||
| Q2 25 | -38.0% | 11.5% | ||
| Q1 25 | -0.6% | 11.8% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | -22.1% | 16.3% | ||
| Q2 24 | 22.1% | 14.0% |
每股收益（稀释后）JXNPANW
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-3.02 | $0.47 | ||
| Q3 25 | $0.92 | $-0.14 | ||
| Q2 25 | $2.34 | $0.37 | ||
| Q1 25 | $-0.48 | $0.38 | ||
| Q4 24 | — | $0.99 | ||
| Q3 24 | $-6.37 | $1.04 | ||
| Q2 24 | $3.43 | $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 | $5.7B | $4.5B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $10.0B | $9.4B |
| 总资产 | $352.6B | $25.0B |
| 负债/权益比越低杠杆越低 | 0.20× | — |
8季度趋势，按日历期对齐
现金及短期投资JXNPANW
| Q1 26 | — | $4.5B | ||
| Q4 25 | $5.7B | $4.2B | ||
| Q3 25 | $4.6B | $2.9B | ||
| Q2 25 | $3.8B | $3.3B | ||
| Q1 25 | $3.9B | $3.2B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $1.7B | $2.9B |
总债务JXNPANW
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — |
股东权益JXNPANW
| Q1 26 | — | $9.4B | ||
| Q4 25 | $10.0B | $8.7B | ||
| Q3 25 | $10.2B | $7.8B | ||
| Q2 25 | $10.4B | $7.2B | ||
| Q1 25 | $10.3B | $6.4B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | $10.7B | $5.2B | ||
| Q2 24 | $10.1B | $4.5B |
总资产JXNPANW
| Q1 26 | — | $25.0B | ||
| Q4 25 | $352.6B | $23.5B | ||
| Q3 25 | $353.6B | $23.6B | ||
| Q2 25 | $343.7B | $22.0B | ||
| Q1 25 | $327.2B | $21.0B | ||
| Q4 24 | — | $20.4B | ||
| Q3 24 | $345.7B | $20.0B | ||
| Q2 24 | $337.8B | $17.9B |
负债/权益比JXNPANW
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.20× | — |
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 | $1.6B | $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JXNPANW
| Q1 26 | — | $554.0M | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.2B | $628.7M | ||
| Q1 25 | $1.6B | $556.9M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $1.4B | $512.7M | ||
| Q2 24 | $1.5B | $528.9M |
自由现金流JXNPANW
| 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JXNPANW
| 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JXNPANW
| 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JXNPANW
| Q1 26 | — | 1.28× | ||
| Q4 25 | — | 5.30× | ||
| Q3 25 | 18.03× | 4.02× | ||
| Q2 25 | 6.55× | 2.40× | ||
| Q1 25 | — | 2.08× | ||
| Q4 24 | — | 4.30× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | 5.37× | 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
JXN
| Retail Annuities Segment | $1.5B | 74% |
| Closed Life And Annuity Blocks Segment | $298.0M | 15% |
| Institutional Products Segment | $146.0M | 7% |
| Other | $70.0M | 4% |
PANW
| Subscription | $1.4B | 54% |
| Support | $676.0M | 26% |
| Products | $514.0M | 20% |
