vs
巴诺书店（NE）与Zscaler, Inc.（ZS）财务数据对比。点击上方公司名可切换其他公司
Zscaler, Inc.的季度营收约是巴诺书店的1.0倍（$788.1M vs $764.4M），巴诺书店净利率更高（11.3% vs -1.5%，领先12.8%），Zscaler, Inc.同比增速更快（25.5% vs -17.6%），Zscaler, Inc.自由现金流更多（$431.0M vs $35.4M），过去两年Zscaler, Inc.的营收复合增速更高（22.5% vs 9.5%）
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
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。
NE vs ZS — 直观对比
营收规模更大
ZS
是对方的1.0倍
$764.4M
营收增速更快
ZS
高出43.1%
-17.6%
净利率更高
NE
高出12.8%
-1.5%
自由现金流更多
ZS
多$395.6M
$35.4M
两年增速更快
ZS
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $764.4M | $788.1M |
| 净利润 | $86.6M | $-11.6M |
| 毛利率 | — | 76.6% |
| 营业利润率 | 5.6% | -4.6% |
| 净利率 | 11.3% | -1.5% |
| 营收同比 | -17.6% | 25.5% |
| 净利润同比 | -10.4% | 3.6% |
| 每股收益（稀释后） | $0.54 | $-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NEZS
| Q4 25 | $764.4M | $788.1M | ||
| Q3 25 | $798.0M | $719.2M | ||
| Q2 25 | $848.7M | $678.0M | ||
| Q1 25 | $874.5M | $647.9M | ||
| Q4 24 | $927.3M | $628.0M | ||
| Q3 24 | $800.5M | $592.9M | ||
| Q2 24 | $692.8M | $553.2M | ||
| Q1 24 | $637.1M | $525.0M |
净利润NEZS
| Q4 25 | $86.6M | $-11.6M | ||
| Q3 25 | $-21.1M | $-17.6M | ||
| Q2 25 | $42.9M | $-4.1M | ||
| Q1 25 | $108.3M | $-7.7M | ||
| Q4 24 | $96.6M | $-12.1M | ||
| Q3 24 | $61.2M | $-14.9M | ||
| Q2 24 | $195.0M | $19.1M | ||
| Q1 24 | $95.5M | $-28.5M |
毛利率NEZS
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 76.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.5% | ||
| Q3 24 | — | 78.0% | ||
| Q2 24 | — | 78.6% | ||
| Q1 24 | — | 77.7% |
营业利润率NEZS
| Q4 25 | 5.6% | -4.6% | ||
| Q3 25 | 6.3% | -4.5% | ||
| Q2 25 | 15.9% | -3.7% | ||
| Q1 25 | 21.4% | -6.2% | ||
| Q4 24 | 18.4% | -4.9% | ||
| Q3 24 | 14.4% | -4.5% | ||
| Q2 24 | 30.3% | -0.5% | ||
| Q1 24 | 16.9% | -8.7% |
净利率NEZS
| Q4 25 | 11.3% | -1.5% | ||
| Q3 25 | -2.6% | -2.4% | ||
| Q2 25 | 5.1% | -0.6% | ||
| Q1 25 | 12.4% | -1.2% | ||
| Q4 24 | 10.4% | -1.9% | ||
| Q3 24 | 7.6% | -2.5% | ||
| Q2 24 | 28.1% | 3.5% | ||
| Q1 24 | 15.0% | -5.4% |
每股收益（稀释后）NEZS
| Q4 25 | $0.54 | $-0.07 | ||
| Q3 25 | $-0.13 | $-0.11 | ||
| Q2 25 | $0.27 | $-0.03 | ||
| Q1 25 | $0.67 | $-0.05 | ||
| Q4 24 | $0.56 | $-0.08 | ||
| Q3 24 | $0.40 | $-0.09 | ||
| Q2 24 | $1.34 | $0.12 | ||
| Q1 24 | $0.66 | $-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 | $471.4M | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5B | $2.0B |
| 总资产 | $7.5B | $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NEZS
| Q4 25 | $471.4M | $1.3B | ||
| Q3 25 | $477.9M | $2.4B | ||
| Q2 25 | $338.2M | $2.0B | ||
| Q1 25 | $303.8M | $1.8B | ||
| Q4 24 | $247.3M | $1.6B | ||
| Q3 24 | $391.9M | $1.4B | ||
| Q2 24 | $162.9M | $1.3B | ||
| Q1 24 | $212.5M | $1.4B |
总债务NEZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
股东权益NEZS
| Q4 25 | $4.5B | $2.0B | ||
| Q3 25 | $4.5B | $1.8B | ||
| Q2 25 | $4.6B | $1.8B | ||
| Q1 25 | $4.7B | $1.6B | ||
| Q4 24 | $4.7B | $1.4B | ||
| Q3 24 | $4.7B | $1.3B | ||
| Q2 24 | $4.0B | $1.1B | ||
| Q1 24 | $3.9B | $958.9M |
总资产NEZS
| Q4 25 | $7.5B | $6.5B | ||
| Q3 25 | $7.6B | $6.4B | ||
| Q2 25 | $7.7B | $5.3B | ||
| Q1 25 | $7.9B | $5.0B | ||
| Q4 24 | $8.0B | $4.7B | ||
| Q3 24 | $8.0B | $4.7B | ||
| Q2 24 | $5.6B | $4.2B | ||
| Q1 24 | $5.4B | $3.9B |
负债/权益比NEZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 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 | $187.1M | $448.3M |
| 自由现金流经营现金流 - 资本支出 | $35.4M | $431.0M |
| 自由现金流率自由现金流/营收 | 4.6% | 54.7% |
| 资本支出强度资本支出/营收 | 19.9% | 2.2% |
| 现金转化率经营现金流/净利润 | 2.16× | — |
| 过去12个月自由现金流最近4个季度 | $432.2M | $924.9M |
8季度趋势，按日历期对齐
经营现金流NEZS
| Q4 25 | $187.1M | $448.3M | ||
| Q3 25 | $277.1M | $250.6M | ||
| Q2 25 | $216.4M | $211.1M | ||
| Q1 25 | $271.1M | $179.4M | ||
| Q4 24 | $136.2M | $331.3M | ||
| Q3 24 | $283.8M | $203.6M | ||
| Q2 24 | $106.8M | $173.4M | ||
| Q1 24 | $128.7M | $142.1M |
自由现金流NEZS
| Q4 25 | $35.4M | $431.0M | ||
| Q3 25 | $139.5M | $190.6M | ||
| Q2 25 | $99.8M | $138.9M | ||
| Q1 25 | $157.5M | $164.4M | ||
| Q4 24 | $-4.4M | $314.3M | ||
| Q3 24 | $156.8M | $154.2M | ||
| Q2 24 | $-34.3M | $137.8M | ||
| Q1 24 | $-37.9M | $111.2M |
自由现金流率NEZS
| Q4 25 | 4.6% | 54.7% | ||
| Q3 25 | 17.5% | 26.5% | ||
| Q2 25 | 11.8% | 20.5% | ||
| Q1 25 | 18.0% | 25.4% | ||
| Q4 24 | -0.5% | 50.1% | ||
| Q3 24 | 19.6% | 26.0% | ||
| Q2 24 | -4.9% | 24.9% | ||
| Q1 24 | -6.0% | 21.2% |
资本支出强度NEZS
| Q4 25 | 19.9% | 2.2% | ||
| Q3 25 | 17.3% | 8.3% | ||
| Q2 25 | 13.7% | 10.6% | ||
| Q1 25 | 13.0% | 2.3% | ||
| Q4 24 | 15.2% | 2.7% | ||
| Q3 24 | 15.9% | 8.3% | ||
| Q2 24 | 20.4% | 6.4% | ||
| Q1 24 | 26.2% | 5.9% |
现金转化率NEZS
| Q4 25 | 2.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | 0.55× | 9.07× | ||
| Q1 24 | 1.35× | — |
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
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
ZS
暂无分部数据
