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派拓网络（PANW）与RENAISSANCERE HOLDINGS LTD（RNR）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RENAISSANCERE HOLDINGS LTD的1.2倍（$2.6B vs $2.2B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 16.7%，领先6.8%），派拓网络同比增速更快（14.9% vs -36.8%），过去两年派拓网络的营收复合增速更高（14.3% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
PANW vs RNR — 直观对比
营收规模更大
PANW
是对方的1.2倍
$2.2B
营收增速更快
PANW
高出51.7%
-36.8%
净利率更高
RNR
高出6.8%
16.7%
两年增速更快
PANW
近两年复合增速
-11.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.2B |
| 净利润 | $432.0M | $515.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | 15.3% | — |
| 净利率 | 16.7% | 23.5% |
| 营收同比 | 14.9% | -36.8% |
| 净利润同比 | 61.6% | 72.6% |
| 每股收益（稀释后） | $0.61 | $6.57 |
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PANWRNR
| Q1 26 | $2.6B | $2.2B | ||
| Q4 25 | $2.5B | $3.0B | ||
| Q3 25 | $2.5B | $3.2B | ||
| Q2 25 | $2.3B | $3.2B | ||
| Q1 25 | $2.3B | $3.5B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.0B | $2.8B |
净利润PANWRNR
| Q1 26 | $432.0M | $515.8M | ||
| Q4 25 | $334.0M | $760.5M | ||
| Q3 25 | $253.8M | $916.5M | ||
| Q2 25 | $262.1M | $835.4M | ||
| Q1 25 | $267.3M | $170.0M | ||
| Q4 24 | $350.7M | $-189.7M | ||
| Q3 24 | $357.7M | $1.2B | ||
| Q2 24 | $278.8M | $503.9M |
毛利率PANWRNR
| 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PANWRNR
| Q1 26 | 15.3% | — | ||
| Q4 25 | 12.5% | 42.5% | ||
| Q3 25 | 19.6% | 46.3% | ||
| Q2 25 | 9.6% | 41.8% | ||
| Q1 25 | 10.6% | -2.0% | ||
| Q4 24 | 13.4% | -3.6% | ||
| Q3 24 | 10.9% | 43.7% | ||
| Q2 24 | 8.9% | 25.0% |
净利率PANWRNR
| Q1 26 | 16.7% | 23.5% | ||
| Q4 25 | 13.5% | 25.6% | ||
| Q3 25 | 10.0% | 28.7% | ||
| Q2 25 | 11.5% | 26.1% | ||
| Q1 25 | 11.8% | 4.9% | ||
| Q4 24 | 16.4% | -8.3% | ||
| Q3 24 | 16.3% | 29.8% | ||
| Q2 24 | 14.0% | 17.8% |
每股收益（稀释后）PANWRNR
| Q1 26 | $0.61 | $6.57 | ||
| Q4 25 | $0.47 | $16.16 | ||
| Q3 25 | $-0.14 | $19.40 | ||
| Q2 25 | $0.37 | $17.20 | ||
| Q1 25 | $0.38 | $3.27 | ||
| Q4 24 | $0.99 | $-3.76 | ||
| Q3 24 | $1.04 | $22.62 | ||
| Q2 24 | $0.79 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.4B | $4.3B |
| 总资产 | $25.0B | $53.7B |
| 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PANWRNR
| Q1 26 | $4.5B | $1.6B | ||
| Q4 25 | $4.2B | $1.7B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $3.3B | $1.4B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $3.4B | $1.7B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.9B | $1.6B |
总债务PANWRNR
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益PANWRNR
| Q1 26 | $9.4B | $4.3B | ||
| Q4 25 | $8.7B | $11.6B | ||
| Q3 25 | $7.8B | $11.5B | ||
| Q2 25 | $7.2B | $10.8B | ||
| Q1 25 | $6.4B | $10.3B | ||
| Q4 24 | $5.9B | $10.6B | ||
| Q3 24 | $5.2B | $11.2B | ||
| Q2 24 | $4.5B | $10.2B |
总资产PANWRNR
| Q1 26 | $25.0B | $53.7B | ||
| Q4 25 | $23.5B | $53.8B | ||
| Q3 25 | $23.6B | $54.5B | ||
| Q2 25 | $22.0B | $54.7B | ||
| Q1 25 | $21.0B | $53.6B | ||
| Q4 24 | $20.4B | $50.7B | ||
| Q3 24 | $20.0B | $52.8B | ||
| Q2 24 | $17.9B | $51.6B |
负债/权益比PANWRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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 | $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PANWRNR
| Q1 26 | $554.0M | — | ||
| Q4 25 | $1.8B | $483.0M | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $628.7M | $1.5B | ||
| Q1 25 | $556.9M | $157.8M | ||
| Q4 24 | $1.5B | $778.9M | ||
| Q3 24 | $512.7M | $1.5B | ||
| Q2 24 | $528.9M | $1.2B |
自由现金流PANWRNR
| 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PANWRNR
| 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PANWRNR
| 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PANWRNR
| Q1 26 | 1.28× | — | ||
| Q4 25 | 5.30× | 0.64× | ||
| Q3 25 | 4.02× | 1.73× | ||
| Q2 25 | 2.40× | 1.76× | ||
| Q1 25 | 2.08× | 0.93× | ||
| Q4 24 | 4.30× | — | ||
| Q3 24 | 1.43× | 1.26× | ||
| Q2 24 | 1.90× | 2.41× |
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% |
RNR
暂无分部数据
