vs
派拓网络（PANW）与RPM INTERNATIONAL INC（RPM）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RPM INTERNATIONAL INC的1.4倍（$2.6B vs $1.9B），派拓网络净利率更高（16.7% vs 8.4%，领先8.2%），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 $296.4M），过去两年派拓网络的营收复合增速更高（14.3% vs 12.0%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
PANW vs RPM — 直观对比
营收规模更大
PANW
是对方的1.4倍
$1.9B
营收增速更快
PANW
高出11.4%
3.5%
净利率更高
PANW
高出8.2%
8.4%
自由现金流更多
PANW
多$87.6M
$296.4M
两年增速更快
PANW
近两年复合增速
12.0%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.9B |
| 净利润 | $432.0M | $161.2M |
| 毛利率 | 73.6% | 40.8% |
| 营业利润率 | 15.3% | 11.0% |
| 净利率 | 16.7% | 8.4% |
| 营收同比 | 14.9% | 3.5% |
| 净利润同比 | 61.6% | -12.0% |
| 每股收益（稀释后） | $0.61 | $1.26 |
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PANWRPM
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.5B | $1.9B | ||
| Q3 25 | $2.5B | $2.1B | ||
| Q2 25 | $2.3B | $2.1B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.2B | $2.0B | ||
| Q2 24 | $2.0B | $2.0B |
净利润PANWRPM
| Q1 26 | $432.0M | — | ||
| Q4 25 | $334.0M | $161.2M | ||
| Q3 25 | $253.8M | $227.6M | ||
| Q2 25 | $262.1M | $225.8M | ||
| Q1 25 | $267.3M | $52.0M | ||
| Q4 24 | $350.7M | $183.2M | ||
| Q3 24 | $357.7M | $227.7M | ||
| Q2 24 | $278.8M | $180.6M |
毛利率PANWRPM
| Q1 26 | 73.6% | — | ||
| Q4 25 | 74.2% | 40.8% | ||
| Q3 25 | 73.2% | 42.3% | ||
| Q2 25 | 72.9% | 42.4% | ||
| Q1 25 | 73.5% | 38.4% | ||
| Q4 24 | 74.1% | 41.4% | ||
| Q3 24 | 73.8% | 42.5% | ||
| Q2 24 | 74.1% | 41.4% |
营业利润率PANWRPM
| Q1 26 | 15.3% | — | ||
| Q4 25 | 12.5% | 11.0% | ||
| Q3 25 | 19.6% | 14.1% | ||
| Q2 25 | 9.6% | 11.9% | ||
| Q1 25 | 10.6% | 2.8% | ||
| Q4 24 | 13.4% | 11.5% | ||
| Q3 24 | 10.9% | 14.8% | ||
| Q2 24 | 8.9% | 11.9% |
净利率PANWRPM
| Q1 26 | 16.7% | — | ||
| Q4 25 | 13.5% | 8.4% | ||
| Q3 25 | 10.0% | 10.8% | ||
| Q2 25 | 11.5% | 10.8% | ||
| Q1 25 | 11.8% | 3.5% | ||
| Q4 24 | 16.4% | 9.9% | ||
| Q3 24 | 16.3% | 11.6% | ||
| Q2 24 | 14.0% | 9.0% |
每股收益（稀释后）PANWRPM
| Q1 26 | $0.61 | — | ||
| Q4 25 | $0.47 | $1.26 | ||
| Q3 25 | $-0.14 | $1.77 | ||
| Q2 25 | $0.37 | $1.76 | ||
| Q1 25 | $0.38 | $0.40 | ||
| Q4 24 | $0.99 | $1.42 | ||
| Q3 24 | $1.04 | $1.77 | ||
| Q2 24 | $0.79 | $1.40 |
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 | $316.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $9.4B | $3.1B |
| 总资产 | $25.0B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资PANWRPM
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.2B | $316.6M | ||
| Q3 25 | $2.9B | $297.1M | ||
| Q2 25 | $3.3B | $302.1M | ||
| Q1 25 | $3.2B | $241.9M | ||
| Q4 24 | $3.4B | $268.7M | ||
| Q3 24 | $2.6B | $231.6M | ||
| Q2 24 | $2.9B | $237.4M |
总债务PANWRPM
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B |
股东权益PANWRPM
| Q1 26 | $9.4B | — | ||
| Q4 25 | $8.7B | $3.1B | ||
| Q3 25 | $7.8B | $3.1B | ||
| Q2 25 | $7.2B | $2.9B | ||
| Q1 25 | $6.4B | $2.7B | ||
| Q4 24 | $5.9B | $2.7B | ||
| Q3 24 | $5.2B | $2.6B | ||
| Q2 24 | $4.5B | $2.5B |
总资产PANWRPM
| Q1 26 | $25.0B | — | ||
| Q4 25 | $23.5B | $7.9B | ||
| Q3 25 | $23.6B | $7.9B | ||
| Q2 25 | $22.0B | $7.8B | ||
| Q1 25 | $21.0B | $6.6B | ||
| Q4 24 | $20.4B | $6.7B | ||
| Q3 24 | $20.0B | $6.6B | ||
| Q2 24 | $17.9B | $6.6B |
负债/权益比PANWRPM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $384.0M | $296.4M |
| 自由现金流率自由现金流/营收 | 14.8% | 15.5% |
| 资本支出强度资本支出/营收 | 6.6% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.28× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $3.6B | $582.9M |
8季度趋势，按日历期对齐
经营现金流PANWRPM
| Q1 26 | $554.0M | — | ||
| Q4 25 | $1.8B | $345.7M | ||
| Q3 25 | $1.0B | $237.5M | ||
| Q2 25 | $628.7M | $149.2M | ||
| Q1 25 | $556.9M | $91.5M | ||
| Q4 24 | $1.5B | $279.4M | ||
| Q3 24 | $512.7M | $248.1M | ||
| Q2 24 | $528.9M | $181.2M |
自由现金流PANWRPM
| Q1 26 | $384.0M | — | ||
| Q4 25 | $1.7B | $296.4M | ||
| Q3 25 | $934.5M | $175.0M | ||
| Q2 25 | $560.4M | $78.2M | ||
| Q1 25 | $509.4M | $33.3M | ||
| Q4 24 | $1.5B | $229.5M | ||
| Q3 24 | $465.3M | $197.3M | ||
| Q2 24 | $491.5M | $105.3M |
自由现金流率PANWRPM
| Q1 26 | 14.8% | — | ||
| Q4 25 | 68.2% | 15.5% | ||
| Q3 25 | 36.8% | 8.3% | ||
| Q2 25 | 24.5% | 3.8% | ||
| Q1 25 | 22.6% | 2.3% | ||
| Q4 24 | 68.5% | 12.4% | ||
| Q3 24 | 21.3% | 10.0% | ||
| Q2 24 | 24.8% | 5.2% |
资本支出强度PANWRPM
| Q1 26 | 6.6% | — | ||
| Q4 25 | 3.4% | 2.6% | ||
| Q3 25 | 3.4% | 3.0% | ||
| Q2 25 | 3.0% | 3.4% | ||
| Q1 25 | 2.1% | 3.9% | ||
| Q4 24 | 2.1% | 2.7% | ||
| Q3 24 | 2.2% | 2.6% | ||
| Q2 24 | 1.9% | 3.8% |
现金转化率PANWRPM
| Q1 26 | 1.28× | — | ||
| Q4 25 | 5.30× | 2.14× | ||
| Q3 25 | 4.02× | 1.04× | ||
| Q2 25 | 2.40× | 0.66× | ||
| Q1 25 | 2.08× | 1.76× | ||
| Q4 24 | 4.30× | 1.53× | ||
| Q3 24 | 1.43× | 1.09× | ||
| Q2 24 | 1.90× | 1.00× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
