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雷诺士国际（LII）与Zscaler, Inc.（ZS）财务数据对比。点击上方公司名可切换其他公司
雷诺士国际的季度营收约是Zscaler, Inc.的1.5倍（$1.2B vs $788.1M），雷诺士国际净利率更高（13.6% vs -1.5%，领先15.0%），Zscaler, Inc.同比增速更快（25.5% vs -11.2%），Zscaler, Inc.自由现金流更多（$431.0M vs $376.7M），过去两年Zscaler, Inc.的营收复合增速更高（22.5% vs 6.8%）
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
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。
LII vs ZS — 直观对比
营收规模更大
LII
是对方的1.5倍
$788.1M
营收增速更快
ZS
高出36.7%
-11.2%
净利率更高
LII
高出15.0%
-1.5%
自由现金流更多
ZS
多$54.3M
$376.7M
两年增速更快
ZS
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $788.1M |
| 净利润 | $162.1M | $-11.6M |
| 毛利率 | 34.7% | 76.6% |
| 营业利润率 | 18.6% | -4.6% |
| 净利率 | 13.6% | -1.5% |
| 营收同比 | -11.2% | 25.5% |
| 净利润同比 | -18.0% | 3.6% |
| 每股收益（稀释后） | $4.62 | $-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LIIZS
| Q4 25 | $1.2B | $788.1M | ||
| Q3 25 | $1.4B | $719.2M | ||
| Q2 25 | $1.5B | $678.0M | ||
| Q1 25 | $1.1B | $647.9M | ||
| Q4 24 | $1.3B | $628.0M | ||
| Q3 24 | $1.5B | $592.9M | ||
| Q2 24 | $1.5B | $553.2M | ||
| Q1 24 | $1.0B | $525.0M |
净利润LIIZS
| Q4 25 | $162.1M | $-11.6M | ||
| Q3 25 | $245.8M | $-17.6M | ||
| Q2 25 | $277.6M | $-4.1M | ||
| Q1 25 | $120.3M | $-7.7M | ||
| Q4 24 | $197.7M | $-12.1M | ||
| Q3 24 | $239.0M | $-14.9M | ||
| Q2 24 | $245.9M | $19.1M | ||
| Q1 24 | $124.3M | $-28.5M |
毛利率LIIZS
| Q4 25 | 34.7% | 76.6% | ||
| Q3 25 | 32.8% | 76.1% | ||
| Q2 25 | 34.8% | 77.0% | ||
| Q1 25 | 30.6% | 77.1% | ||
| Q4 24 | 33.9% | 77.5% | ||
| Q3 24 | 32.6% | 78.0% | ||
| Q2 24 | 33.6% | 78.6% | ||
| Q1 24 | 32.5% | 77.7% |
营业利润率LIIZS
| Q4 25 | 18.6% | -4.6% | ||
| Q3 25 | 21.7% | -4.5% | ||
| Q2 25 | 23.6% | -3.7% | ||
| Q1 25 | 14.5% | -6.2% | ||
| Q4 24 | 18.2% | -4.9% | ||
| Q3 24 | 20.2% | -4.5% | ||
| Q2 24 | 22.1% | -0.5% | ||
| Q1 24 | 15.9% | -8.7% |
净利率LIIZS
| Q4 25 | 13.6% | -1.5% | ||
| Q3 25 | 17.2% | -2.4% | ||
| Q2 25 | 18.5% | -0.6% | ||
| Q1 25 | 11.2% | -1.2% | ||
| Q4 24 | 14.7% | -1.9% | ||
| Q3 24 | 16.0% | -2.5% | ||
| Q2 24 | 16.9% | 3.5% | ||
| Q1 24 | 11.9% | -5.4% |
每股收益（稀释后）LIIZS
| Q4 25 | $4.62 | $-0.07 | ||
| Q3 25 | $6.98 | $-0.11 | ||
| Q2 25 | $7.82 | $-0.03 | ||
| Q1 25 | $3.37 | $-0.05 | ||
| Q4 24 | $5.52 | $-0.08 | ||
| Q3 24 | $6.68 | $-0.09 | ||
| Q2 24 | $6.87 | $0.12 | ||
| Q1 24 | $3.47 | $-0.19 |
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 | $34.7M | $1.3B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.2B | $2.0B |
| 总资产 | $4.1B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资LIIZS
| Q4 25 | $34.7M | $1.3B | ||
| Q3 25 | $59.2M | $2.4B | ||
| Q2 25 | $55.1M | $2.0B | ||
| Q1 25 | $222.9M | $1.8B | ||
| Q4 24 | $422.3M | $1.6B | ||
| Q3 24 | $255.7M | $1.4B | ||
| Q2 24 | $57.8M | $1.3B | ||
| Q1 24 | $57.6M | $1.4B |
总债务LIIZS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | $1.1B | ||
| Q1 25 | $834.2M | $1.1B | ||
| Q4 24 | $833.1M | $1.1B | ||
| Q3 24 | $827.6M | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
股东权益LIIZS
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $900.5M | $1.8B | ||
| Q1 25 | $852.5M | $1.6B | ||
| Q4 24 | $850.2M | $1.4B | ||
| Q3 24 | $754.0M | $1.3B | ||
| Q2 24 | $577.4M | $1.1B | ||
| Q1 24 | $368.8M | $958.9M |
总资产LIIZS
| Q4 25 | $4.1B | $6.5B | ||
| Q3 25 | $3.5B | $6.4B | ||
| Q2 25 | $3.7B | $5.3B | ||
| Q1 25 | $3.5B | $5.0B | ||
| Q4 24 | $3.5B | $4.7B | ||
| Q3 24 | $3.3B | $4.7B | ||
| Q2 24 | $3.2B | $4.2B | ||
| Q1 24 | $3.0B | $3.9B |
负债/权益比LIIZS
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | 0.64× | ||
| Q1 25 | 0.98× | 0.71× | ||
| Q4 24 | 0.98× | 0.80× | ||
| Q3 24 | 1.10× | 0.90× | ||
| Q2 24 | 1.95× | 1.04× | ||
| Q1 24 | 3.13× | 1.19× |
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 | $405.9M | $448.3M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $431.0M |
| 自由现金流率自由现金流/营收 | 31.5% | 54.7% |
| 资本支出强度资本支出/营收 | 2.4% | 2.2% |
| 现金转化率经营现金流/净利润 | 2.50× | — |
| 过去12个月自由现金流最近4个季度 | $638.8M | $924.9M |
8季度趋势，按日历期对齐
经营现金流LIIZS
| Q4 25 | $405.9M | $448.3M | ||
| Q3 25 | $300.7M | $250.6M | ||
| Q2 25 | $86.8M | $211.1M | ||
| Q1 25 | $-35.8M | $179.4M | ||
| Q4 24 | $332.4M | $331.3M | ||
| Q3 24 | $452.1M | $203.6M | ||
| Q2 24 | $184.0M | $173.4M | ||
| Q1 24 | $-22.8M | $142.1M |
自由现金流LIIZS
| Q4 25 | $376.7M | $431.0M | ||
| Q3 25 | $265.1M | $190.6M | ||
| Q2 25 | $58.3M | $138.9M | ||
| Q1 25 | $-61.3M | $164.4M | ||
| Q4 24 | $272.2M | $314.3M | ||
| Q3 24 | $410.9M | $154.2M | ||
| Q2 24 | $151.3M | $137.8M | ||
| Q1 24 | $-52.3M | $111.2M |
自由现金流率LIIZS
| Q4 25 | 31.5% | 54.7% | ||
| Q3 25 | 18.6% | 26.5% | ||
| Q2 25 | 3.9% | 20.5% | ||
| Q1 25 | -5.7% | 25.4% | ||
| Q4 24 | 20.2% | 50.1% | ||
| Q3 24 | 27.4% | 26.0% | ||
| Q2 24 | 10.4% | 24.9% | ||
| Q1 24 | -5.0% | 21.2% |
资本支出强度LIIZS
| Q4 25 | 2.4% | 2.2% | ||
| Q3 25 | 2.5% | 8.3% | ||
| Q2 25 | 1.9% | 10.6% | ||
| Q1 25 | 2.4% | 2.3% | ||
| Q4 24 | 4.5% | 2.7% | ||
| Q3 24 | 2.8% | 8.3% | ||
| Q2 24 | 2.3% | 6.4% | ||
| Q1 24 | 2.8% | 5.9% |
现金转化率LIIZS
| Q4 25 | 2.50× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 0.75× | 9.07× | ||
| Q1 24 | -0.18× | — |
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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
ZS
暂无分部数据
