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派拓网络（PANW）与Roper Technologies（ROP）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Roper Technologies的1.2倍（$2.6B vs $2.1B），派拓网络净利率更高（16.7% vs 15.8%，领先0.9%），派拓网络同比增速更快（14.9% vs 11.3%），Roper Technologies自由现金流更多（$507.0M vs $384.0M），过去两年派拓网络的营收复合增速更高（14.3% vs 10.5%）
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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
PANW vs ROP — 直观对比
营收规模更大
PANW
是对方的1.2倍
$2.1B
营收增速更快
PANW
高出3.6%
11.3%
净利率更高
PANW
高出0.9%
15.8%
自由现金流更多
ROP
多$123.0M
$384.0M
两年增速更快
PANW
近两年复合增速
10.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.1B |
| 净利润 | $432.0M | $331.0M |
| 毛利率 | 73.6% | 69.4% |
| 营业利润率 | 15.3% | 27.2% |
| 净利率 | 16.7% | 15.8% |
| 营收同比 | 14.9% | 11.3% |
| 净利润同比 | 61.6% | 53.7% |
| 每股收益（稀释后） | $0.61 | $4.87 |
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PANWROP
| Q1 26 | $2.6B | $2.1B | ||
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $2.3B | $1.9B | ||
| Q1 25 | $2.3B | $1.9B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.0B | $1.7B |
净利润PANWROP
| Q1 26 | $432.0M | $331.0M | ||
| Q4 25 | $334.0M | $428.4M | ||
| Q3 25 | $253.8M | $398.5M | ||
| Q2 25 | $262.1M | $378.3M | ||
| Q1 25 | $267.3M | $331.1M | ||
| Q4 24 | $350.7M | $462.3M | ||
| Q3 24 | $357.7M | $367.9M | ||
| Q2 24 | $278.8M | $337.1M |
毛利率PANWROP
| Q1 26 | 73.6% | 69.4% | ||
| Q4 25 | 74.2% | 69.5% | ||
| Q3 25 | 73.2% | 69.5% | ||
| Q2 25 | 72.9% | 69.2% | ||
| Q1 25 | 73.5% | 68.7% | ||
| Q4 24 | 74.1% | 68.3% | ||
| Q3 24 | 73.8% | 69.2% | ||
| Q2 24 | 74.1% | 69.5% |
营业利润率PANWROP
| Q1 26 | 15.3% | 27.2% | ||
| Q4 25 | 12.5% | 28.6% | ||
| Q3 25 | 19.6% | 28.4% | ||
| Q2 25 | 9.6% | 28.2% | ||
| Q1 25 | 10.6% | 27.9% | ||
| Q4 24 | 13.4% | 28.0% | ||
| Q3 24 | 10.9% | 28.1% | ||
| Q2 24 | 8.9% | 28.8% |
净利率PANWROP
| Q1 26 | 16.7% | 15.8% | ||
| Q4 25 | 13.5% | 20.8% | ||
| Q3 25 | 10.0% | 19.8% | ||
| Q2 25 | 11.5% | 19.5% | ||
| Q1 25 | 11.8% | 17.6% | ||
| Q4 24 | 16.4% | 24.6% | ||
| Q3 24 | 16.3% | 20.8% | ||
| Q2 24 | 14.0% | 19.6% |
每股收益（稀释后）PANWROP
| Q1 26 | $0.61 | $4.87 | ||
| Q4 25 | $0.47 | $3.97 | ||
| Q3 25 | $-0.14 | $3.68 | ||
| Q2 25 | $0.37 | $3.49 | ||
| Q1 25 | $0.38 | $3.06 | ||
| Q4 24 | $0.99 | $4.29 | ||
| Q3 24 | $1.04 | $3.40 | ||
| Q2 24 | $0.79 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $9.4B | $18.8B |
| 总资产 | $25.0B | $34.6B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资PANWROP
| Q1 26 | $4.5B | $382.9M | ||
| Q4 25 | $4.2B | $297.4M | ||
| Q3 25 | $2.9B | $320.0M | ||
| Q2 25 | $3.3B | $242.4M | ||
| Q1 25 | $3.2B | $372.8M | ||
| Q4 24 | $3.4B | $188.2M | ||
| Q3 24 | $2.6B | $269.6M | ||
| Q2 24 | $2.9B | $251.5M |
总债务PANWROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PANWROP
| Q1 26 | $9.4B | $18.8B | ||
| Q4 25 | $8.7B | $19.9B | ||
| Q3 25 | $7.8B | $20.0B | ||
| Q2 25 | $7.2B | $19.6B | ||
| Q1 25 | $6.4B | $19.2B | ||
| Q4 24 | $5.9B | $18.9B | ||
| Q3 24 | $5.2B | $18.5B | ||
| Q2 24 | $4.5B | $18.1B |
总资产PANWROP
| Q1 26 | $25.0B | $34.6B | ||
| Q4 25 | $23.5B | $34.6B | ||
| Q3 25 | $23.6B | $34.6B | ||
| Q2 25 | $22.0B | $33.2B | ||
| Q1 25 | $21.0B | $31.4B | ||
| Q4 24 | $20.4B | $31.3B | ||
| Q3 24 | $20.0B | $31.6B | ||
| Q2 24 | $17.9B | $29.8B |
负债/权益比PANWROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $507.0M |
| 自由现金流率自由现金流/营收 | 14.8% | 24.2% |
| 资本支出强度资本支出/营收 | 6.6% | 0.5% |
| 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PANWROP
| Q1 26 | $554.0M | — | ||
| Q4 25 | $1.8B | $738.0M | ||
| Q3 25 | $1.0B | $869.5M | ||
| Q2 25 | $628.7M | $404.1M | ||
| Q1 25 | $556.9M | $528.7M | ||
| Q4 24 | $1.5B | $722.2M | ||
| Q3 24 | $512.7M | $755.4M | ||
| Q2 24 | $528.9M | $384.1M |
自由现金流PANWROP
| Q1 26 | $384.0M | $507.0M | ||
| 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PANWROP
| Q1 26 | 14.8% | 24.2% | ||
| 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PANWROP
| Q1 26 | 6.6% | 0.5% | ||
| 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PANWROP
| Q1 26 | 1.28× | — | ||
| Q4 25 | 5.30× | 1.72× | ||
| Q3 25 | 4.02× | 2.18× | ||
| Q2 25 | 2.40× | 1.07× | ||
| Q1 25 | 2.08× | 1.60× | ||
| Q4 24 | 4.30× | 1.56× | ||
| Q3 24 | 1.43× | 2.05× | ||
| Q2 24 | 1.90× | 1.14× |
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% |
ROP
暂无分部数据
