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派拓网络（PANW）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是派拓网络的1.6倍（$4.2B vs $2.6B），派拓网络净利率更高（16.7% vs 13.5%，领先3.2%），派拓网络同比增速更快（14.9% vs 3.5%），派拓网络自由现金流更多（$384.0M vs $-56.0M），过去两年派拓网络的营收复合增速更高（14.3% vs 7.1%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
PANW vs RJF — 直观对比
营收规模更大
RJF
是对方的1.6倍
$2.6B
营收增速更快
PANW
高出11.4%
3.5%
净利率更高
PANW
高出3.2%
13.5%
自由现金流更多
PANW
多$440.0M
$-56.0M
两年增速更快
PANW
近两年复合增速
7.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $4.2B |
| 净利润 | $432.0M | $563.0M |
| 毛利率 | 73.6% | — |
| 营业利润率 | 15.3% | — |
| 净利率 | 16.7% | 13.5% |
| 营收同比 | 14.9% | 3.5% |
| 净利润同比 | 61.6% | -6.2% |
| 每股收益（稀释后） | $0.61 | $2.79 |
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PANWRJF
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.5B | $4.2B | ||
| Q3 25 | $2.5B | $4.2B | ||
| Q2 25 | $2.3B | $3.8B | ||
| Q1 25 | $2.3B | $3.8B | ||
| Q4 24 | $2.1B | $4.0B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.0B | $3.8B |
净利润PANWRJF
| Q1 26 | $432.0M | — | ||
| Q4 25 | $334.0M | $563.0M | ||
| Q3 25 | $253.8M | $604.0M | ||
| Q2 25 | $262.1M | $436.0M | ||
| Q1 25 | $267.3M | $495.0M | ||
| Q4 24 | $350.7M | $600.0M | ||
| Q3 24 | $357.7M | $602.0M | ||
| Q2 24 | $278.8M | $492.0M |
毛利率PANWRJF
| 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PANWRJF
| Q1 26 | 15.3% | — | ||
| Q4 25 | 12.5% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 9.6% | 14.7% | ||
| Q1 25 | 10.6% | 17.5% | ||
| Q4 24 | 13.4% | 18.6% | ||
| Q3 24 | 10.9% | — | ||
| Q2 24 | 8.9% | 17.1% |
净利率PANWRJF
| Q1 26 | 16.7% | — | ||
| Q4 25 | 13.5% | 13.5% | ||
| Q3 25 | 10.0% | 14.4% | ||
| Q2 25 | 11.5% | 11.3% | ||
| Q1 25 | 11.8% | 12.9% | ||
| Q4 24 | 16.4% | 14.9% | ||
| Q3 24 | 16.3% | 15.0% | ||
| Q2 24 | 14.0% | 13.1% |
每股收益（稀释后）PANWRJF
| Q1 26 | $0.61 | — | ||
| Q4 25 | $0.47 | $2.79 | ||
| Q3 25 | $-0.14 | $2.96 | ||
| Q2 25 | $0.37 | $2.12 | ||
| Q1 25 | $0.38 | $2.36 | ||
| Q4 24 | $0.99 | $2.86 | ||
| Q3 24 | $1.04 | $2.85 | ||
| Q2 24 | $0.79 | $2.31 |
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 | $4.5B | $9.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.4B | $12.6B |
| 总资产 | $25.0B | $88.8B |
| 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PANWRJF
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.2B | $9.9B | ||
| Q3 25 | $2.9B | $11.4B | ||
| Q2 25 | $3.3B | $9.2B | ||
| Q1 25 | $3.2B | $9.7B | ||
| Q4 24 | $3.4B | $10.0B | ||
| Q3 24 | $2.6B | $11.0B | ||
| Q2 24 | $2.9B | $9.1B |
股东权益PANWRJF
| Q1 26 | $9.4B | — | ||
| Q4 25 | $8.7B | $12.6B | ||
| Q3 25 | $7.8B | $12.5B | ||
| Q2 25 | $7.2B | $12.3B | ||
| Q1 25 | $6.4B | $12.2B | ||
| Q4 24 | $5.9B | $11.9B | ||
| Q3 24 | $5.2B | $11.7B | ||
| Q2 24 | $4.5B | $11.2B |
总资产PANWRJF
| Q1 26 | $25.0B | — | ||
| Q4 25 | $23.5B | $88.8B | ||
| Q3 25 | $23.6B | $88.2B | ||
| Q2 25 | $22.0B | $84.8B | ||
| Q1 25 | $21.0B | $83.1B | ||
| Q4 24 | $20.4B | $82.3B | ||
| Q3 24 | $20.0B | $83.0B | ||
| Q2 24 | $17.9B | $80.6B |
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 | $554.0M | $-10.0M |
| 自由现金流经营现金流 - 资本支出 | $384.0M | $-56.0M |
| 自由现金流率自由现金流/营收 | 14.8% | -1.3% |
| 资本支出强度资本支出/营收 | 6.6% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.28× | -0.02× |
| 过去12个月自由现金流最近4个季度 | $3.6B | $1.4B |
8季度趋势，按日历期对齐
经营现金流PANWRJF
| Q1 26 | $554.0M | — | ||
| Q4 25 | $1.8B | $-10.0M | ||
| Q3 25 | $1.0B | $796.0M | ||
| Q2 25 | $628.7M | $691.0M | ||
| Q1 25 | $556.9M | $117.0M | ||
| Q4 24 | $1.5B | $830.0M | ||
| Q3 24 | $512.7M | $510.0M | ||
| Q2 24 | $528.9M | $711.0M |
自由现金流PANWRJF
| Q1 26 | $384.0M | — | ||
| Q4 25 | $1.7B | $-56.0M | ||
| Q3 25 | $934.5M | $752.0M | ||
| Q2 25 | $560.4M | $634.0M | ||
| Q1 25 | $509.4M | $71.0M | ||
| Q4 24 | $1.5B | $789.0M | ||
| Q3 24 | $465.3M | $460.0M | ||
| Q2 24 | $491.5M | $655.0M |
自由现金流率PANWRJF
| Q1 26 | 14.8% | — | ||
| Q4 25 | 68.2% | -1.3% | ||
| Q3 25 | 36.8% | 17.9% | ||
| Q2 25 | 24.5% | 16.5% | ||
| Q1 25 | 22.6% | 1.8% | ||
| Q4 24 | 68.5% | 19.6% | ||
| Q3 24 | 21.3% | 11.5% | ||
| Q2 24 | 24.8% | 17.4% |
资本支出强度PANWRJF
| Q1 26 | 6.6% | — | ||
| Q4 25 | 3.4% | 1.1% | ||
| Q3 25 | 3.4% | 1.1% | ||
| Q2 25 | 3.0% | 1.5% | ||
| Q1 25 | 2.1% | 1.2% | ||
| Q4 24 | 2.1% | 1.0% | ||
| Q3 24 | 2.2% | 1.2% | ||
| Q2 24 | 1.9% | 1.5% |
现金转化率PANWRJF
| Q1 26 | 1.28× | — | ||
| Q4 25 | 5.30× | -0.02× | ||
| Q3 25 | 4.02× | 1.32× | ||
| Q2 25 | 2.40× | 1.58× | ||
| Q1 25 | 2.08× | 0.24× | ||
| Q4 24 | 4.30× | 1.38× | ||
| Q3 24 | 1.43× | 0.85× | ||
| Q2 24 | 1.90× | 1.45× |
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
PANW
| Subscription | $1.4B | 54% |
| Support | $676.0M | 26% |
| Products | $514.0M | 20% |
RJF
暂无分部数据
