PerpEquities

Equity · Technology

Fabrinet (FN) perpetual futures

FN perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade FNUSDT.

Fabrinet tracked across crypto venues with normalized contract specifications.

$397.40-0.7%NYSE closed
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Price chart

 

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Collecting venue price data...
venue perp mark · LBank (FN/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$935.1K
Open interest
$99.1KCoverage: 1/2 markets
Best liquidity
$576.8
Gate.io
Tightest spread
+42.7 bps
Gate.io
Highest volume
$928.7K
LBank
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $225.2M
OI / float
0.00%
Float $14.2B
Spot performance
1D-0.73%
5D+3.58%
1M-4.82%
6M-33.29%
YTD-11.96%
1Y+9.32%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
LBankTradeFN/USDTTrading$396.600.0% APR
0.000% every 8h
+2,188.6 bps$0$928.7K-USDT50x
Gate.ioTradeFN/USDTTrading$397.400.0% APR
0.000% every 8h
+42.7 bps$576.8$6.4K$99.1KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 2 venues absorb $10k

Too thin: Gate.io

No fresh book data: LBank

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$14.4B
Updated 1h ago
Revenue
$4.6B
Trailing 12 months
Revenue growth
+31%
Next fiscal year
Profit margin
+10.2%
P/E
30.3
Peer P/E 23.2
Free cash flow
$3M
Trailing 12 months
More metrics
Net income
$473M
Trailing 12 months
P/S
3.1
Peer P/E
23.2
Similar listed perps
Revenue estimate
$6.1B
Next fiscal year
Earnings
2026-11-02
Revenue est. $1.4B · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$4.6B
Net margin+10.2%
Free cash flow$3M
Net debt-$342.7M
2021$1.9B
2022$2.3B
2023$2.6B
2024$2.9B
2025$3.4B
2026$4.6B
PeriodRevenueGrowthNet incomeFCF
2021$1.9B+14%$148.3M$74.2M
2022$2.3B+20%$200.4M$33.7M
2023$2.6B+17%$247.9M$151M
2024$2.9B+9%$296.2M$365.6M
2025$3.4B+19%$332.5M$206.5M
2026$4.6B+36%$473M$3M
PeriodGross marginOperating marginNet marginROEROA
2021+11.8%+8.0%+7.9%+13.3%+9.2%
2022+12.3%+9.0%+8.9%+16.0%+10.9%
2023+12.7%+9.5%+9.4%+16.9%+12.5%
2024+12.4%+9.6%+10.3%+17.0%+12.7%
2025+12.1%+9.5%+9.7%+16.8%+11.7%
2026+12.0%+10.0%+10.2%+19.3%+12.1%
PeriodCashDebtNet debtCurrent ratio
2021$303M$46M-$257M3.04
2022$198M$31.2M-$166.8M2.83
2023$231.4M$13.4M-$217.9M3.43
2024$410M$8.6M-$401.3M3.61
2025$306.4M$9.2M-$297.3M3.00
2026$346.7M$4M-$342.7M2.25
PeriodMarket capEnterprise valueP/SP/E
2021$3.5B$3.3B1.923.7
2022$3.1B$2.9B1.415.3
2023$4.7B$4.5B1.819.1
2024$8.9B$8.5B3.130.0
2025$10.6B$10.4B3.132.0
2026$18.8B$18.5B4.039.7
Q1 2025$804.2M
Q2 2025$833.6M
Q3 2025$871.8M
Q4 2025$909.7M
Q1 2026$978.1M
Q2 2026$1.1B
Q3 2026$1.2B
Q4 2026$1.3B
PeriodRevenueGrowthNet incomeFCF
Q1 2025$804.2M+17%$77.4M$62.9M
Q2 2025$833.6M+17%$86.6M$94M
Q3 2025$871.8M+19%$81.3M$45.4M
Q4 2025$909.7M+21%$87.2M$4.5M
Q1 2026$978.1M+22%$93M$57.3M
Q2 2026$1.1B+36%$112.6M-$5.3M
Q3 2026$1.2B+39%$125.2M-$10.8M
Q4 2026$1.3B+45%$142.2M-$38.1M
PeriodGross marginOperating marginNet marginROEROA
Q1 2025+12.3%+9.6%+9.6%+4.2%+3.2%
Q2 2025+12.1%+9.5%+10.4%+4.7%+3.4%
Q3 2025+11.7%+9.0%+9.3%+4.3%+3.1%
Q4 2025+12.2%+9.8%+9.6%+4.4%+3.1%
Q1 2026+11.9%+9.6%+9.5%+4.5%+3.1%
Q2 2026+12.2%+10.1%+9.9%+5.2%+3.4%
Q3 2026+11.6%+9.6%+10.3%+5.4%+3.6%
Q4 2026+12.3%+10.5%+10.8%+5.8%+3.6%
PeriodCashDebtNet debtCurrent ratio
Q1 2025$400.7M$4.9M-$395.8M3.66
Q2 2025$403.7M$6.1M-$397.6M3.32
Q3 2025$306.9M$5.7M-$301.2M3.32
Q4 2025$306.4M$9.2M-$297.3M3.00
Q1 2026$305M$8.5M-$296.5M2.83
Q2 2026$319.9M$8.1M-$311.8M2.68
Q3 2026$356.6M$4.4M-$352.1M2.55
Q4 2026$346.7M$4M-$342.7M2.25
PeriodMarket capEnterprise valueP/SP/E
Q1 2025$8.7B$8.3B10.828.0
Q2 2025$7.9B$7.5B9.522.9
Q3 2025$7.1B$6.8B8.121.7
Q4 2025$10.6B$10.3B11.630.3
Q1 2026$12.8B$12.5B13.133.5
Q2 2026$17.1B$16.8B15.138.0
Q3 2026$19.8B$19.4B16.339.5
Q4 2026$18.8B$18.5B14.333.7

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$1.3BQ4 2026
$328.9M$657.9M$986.8M$1.3BQ1 2024: $685.5MQ2 2024: $712.7MQ3 2024: $731.5MQ4 2024: $753.3MQ1 2025: $804.2MQ2 2025: $833.6MQ3 2025: $871.8MQ4 2025: $909.7MQ1 2026: $978.1MQ2 2026: $1.1BQ3 2026: $1.2BQ4 2026: $1.3BQ1 2024Q4 2026
Net income$142.2MQ4 2026
$35.6M$71.1M$106.7M$142.2MQ1 2024: $65.1MQ2 2024: $69.1MQ3 2024: $80.9MQ4 2024: $81.1MQ1 2025: $77.4MQ2 2025: $86.6MQ3 2025: $81.3MQ4 2025: $87.2MQ1 2026: $93MQ2 2026: $112.6MQ3 2026: $125.2MQ4 2026: $142.2MQ1 2024Q4 2026
EBITDA$152.3MQ4 2026
$38.1M$76.1M$114.2M$152.3MQ1 2024: $82.2MQ2 2024: $85.2MQ3 2024: $95.8MQ4 2024: $97.4MQ1 2025: $93.5MQ2 2025: $107.9MQ3 2025: $99.7MQ4 2025: $107.4MQ1 2026: $116.3MQ2 2026: $134.6MQ3 2026: $152MQ4 2026: $152.3MQ1 2024Q4 2026
Free cash flow-$38.1MQ4 2026
$4.8M$47.7M$90.6M$133.4MQ1 2024: $133.4MQ2 2024: $74MQ3 2024: $87MQ4 2024: $70.2MQ1 2025: $62.9MQ2 2025: $94MQ3 2025: $45.4MQ4 2025: $4.5MQ1 2026: $57.3MQ2 2026: -$5.3MQ3 2026: -$10.8MQ4 2026: -$38.1MQ1 2024Q4 2026
EPS$3.83Q4 2026
$0.96$1.92$2.87$3.83Q1 2024: $1.78Q2 2024: $1.89Q3 2024: $2.21Q4 2024: $2.22Q1 2025: $2.13Q2 2025: $2.38Q3 2025: $2.24Q4 2025: $2.42Q1 2026: $2.66Q2 2026: $3.11Q3 2026: $3.45Q4 2026: $3.83Q1 2024Q4 2026
Cash / Debt$346.7MQ4 2026
$102.5M$205M$307.5M$410MQ1 2024 · Cash: $308.3MQ1 2024 · Debt: $14.8MQ2 2024 · Cash: $334.1MQ2 2024 · Debt: $11.5MQ3 2024 · Cash: $385.1MQ3 2024 · Debt: $6.4MQ4 2024 · Cash: $410MQ4 2024 · Debt: $5MQ1 2025 · Cash: $400.7MQ1 2025 · Debt: $4.9MQ2 2025 · Cash: $403.7MQ2 2025 · Debt: $6.1MQ3 2025 · Cash: $306.9MQ3 2025 · Debt: $5.7MQ4 2025 · Cash: $306.4MQ4 2025 · Debt: $9.2MQ1 2026 · Cash: $305MQ1 2026 · Debt: $8.5MQ2 2026 · Cash: $319.9MQ2 2026 · Debt: $8.1MQ3 2026 · Cash: $356.6MQ3 2026 · Debt: $4.4MQ4 2026 · Cash: $346.7MQ4 2026 · Debt: $4MQ1 2024Q4 2026
CashDebt
Profitability+12.3%Q4 2026
+3.1%+6.2%+9.3%+12.4%Q1 2024 · Gross margin: +12.3%Q2 2024 · Gross margin: +12.4%Q3 2024 · Gross margin: +12.4%Q4 2024 · Gross margin: +12.3%Q1 2025 · Gross margin: +12.3%Q2 2025 · Gross margin: +12.1%Q3 2025 · Gross margin: +11.7%Q4 2025 · Gross margin: +12.2%Q1 2026 · Gross margin: +11.9%Q2 2026 · Gross margin: +12.2%Q3 2026 · Gross margin: +11.6%Q4 2026 · Gross margin: +12.3%Q1 2024 · Operating margin: +9.3%Q2 2024 · Operating margin: +9.7%Q3 2024 · Operating margin: +9.7%Q4 2024 · Operating margin: +9.7%Q1 2025 · Operating margin: +9.6%Q2 2025 · Operating margin: +9.5%Q3 2025 · Operating margin: +9.0%Q4 2025 · Operating margin: +9.8%Q1 2026 · Operating margin: +9.6%Q2 2026 · Operating margin: +10.1%Q3 2026 · Operating margin: +9.6%Q4 2026 · Operating margin: +10.5%Q1 2024 · Net margin: +9.5%Q2 2024 · Net margin: +9.7%Q3 2024 · Net margin: +11.1%Q4 2024 · Net margin: +10.8%Q1 2025 · Net margin: +9.6%Q2 2025 · Net margin: +10.4%Q3 2025 · Net margin: +9.3%Q4 2025 · Net margin: +9.6%Q1 2026 · Net margin: +9.5%Q2 2026 · Net margin: +9.9%Q3 2026 · Net margin: +10.3%Q4 2026 · Net margin: +10.8%Q1 2024Q4 2026
Gross marginOperating marginNet margin
Revenue growth+44.6%Q4 2026
+11.2%+22.3%+33.5%+44.6%Q1 2025: +17.3%Q2 2025: +17.0%Q3 2025: +19.2%Q4 2025: +20.8%Q1 2026: +21.6%Q2 2026: +35.9%Q3 2026: +39.3%Q4 2026: +44.6%Q1 2024Q4 2026
Shares outstanding36.3MQ4 2026
9.2M18.3M27.5M36.6MQ1 2024: 36.5MQ2 2024: 36.6MQ3 2024: 36.6MQ4 2024: 36.5MQ1 2025: 36.4MQ2 2025: 36.4MQ3 2025: 36.3MQ4 2025: 36.1MQ1 2026: 36.1MQ2 2026: 36.2MQ3 2026: 36.2MQ4 2026: 36.3MQ1 2024Q4 2026
Valuation33.7Q4 2026
9.919.829.739.5Q1 2024 · P/E: 23.1Q2 2024 · P/E: 25.0Q3 2024 · P/E: 21.2Q4 2024 · P/E: 27.3Q1 2025 · P/E: 28.0Q2 2025 · P/E: 22.9Q3 2025 · P/E: 21.7Q4 2025 · P/E: 30.3Q1 2026 · P/E: 33.5Q2 2026 · P/E: 38.0Q3 2026 · P/E: 39.5Q4 2026 · P/E: 33.7Q1 2024 · P/S: 8.8Q2 2024 · P/S: 9.7Q3 2024 · P/S: 9.4Q4 2024 · P/S: 11.7Q1 2025 · P/S: 10.8Q2 2025 · P/S: 9.5Q3 2025 · P/S: 8.1Q4 2025 · P/S: 11.6Q1 2026 · P/S: 13.1Q2 2026 · P/S: 15.1Q3 2026 · P/S: 16.3Q4 2026 · P/S: 14.3Q1 2024Q4 2026
P/EP/S
Revenue$4.6B2026
$1.2B$2.3B$3.5B$4.6B2019: $1.6B2020: $1.6B2021: $1.9B2022: $2.3B2023: $2.6B2024: $2.9B2025: $3.4B2026: $4.6B20192026
Net income$473M2026
$118.3M$236.5M$354.8M$473M2019: $121M2020: $113.5M2021: $148.3M2022: $200.4M2023: $247.9M2024: $296.2M2025: $332.5M2026: $473M20192026
EBITDA$555.2M2026
$138.8M$277.6M$416.4M$555.2M2019: $161.6M2020: $153.2M2021: $187.8M2022: $246.1M2023: $305.4M2024: $360.5M2025: $408.6M2026: $555.2M20192026
Free cash flow$3M2026
$91.4M$182.8M$274.2M$365.6M2019: $128.5M2020: $107.2M2021: $74.2M2022: $33.7M2023: $151M2024: $365.6M2025: $206.5M2026: $3M20192026
EPS$13.12026
$3.26$6.53$9.79$13.12019: $3.232020: $3.012021: $3.952022: $5.362023: $6.732024: $8.12025: $9.172026: $13.120192026
Cash / Debt$346.7M2026
$102.5M$205M$307.5M$410M2019 · Cash: $180.8M2019 · Debt: $60.9M2020 · Cash: $225.4M2020 · Debt: $59.5M2021 · Cash: $303M2021 · Debt: $46M2022 · Cash: $198M2022 · Debt: $31.2M2023 · Cash: $231.4M2023 · Debt: $13.4M2024 · Cash: $410M2024 · Debt: $8.6M2025 · Cash: $306.4M2025 · Debt: $9.2M2026 · Cash: $346.7M2026 · Debt: $4M20192026
CashDebt
Profitability+12.0%2026
+3.2%+6.4%+9.5%+12.7%2019 · Gross margin: +11.3%2020 · Gross margin: +11.3%2021 · Gross margin: +11.8%2022 · Gross margin: +12.3%2023 · Gross margin: +12.7%2024 · Gross margin: +12.4%2025 · Gross margin: +12.1%2026 · Gross margin: +12.0%2019 · Operating margin: +7.7%2020 · Operating margin: +7.2%2021 · Operating margin: +8.0%2022 · Operating margin: +9.0%2023 · Operating margin: +9.5%2024 · Operating margin: +9.6%2025 · Operating margin: +9.5%2026 · Operating margin: +10.0%2019 · Net margin: +7.6%2020 · Net margin: +6.9%2021 · Net margin: +7.9%2022 · Net margin: +8.9%2023 · Net margin: +9.4%2024 · Net margin: +10.3%2025 · Net margin: +9.7%2026 · Net margin: +10.2%20192026
Gross marginOperating marginNet margin
Revenue growth+35.7%2026
+8.9%+17.9%+26.8%+35.7%2020: +3.6%2021: +14.5%2022: +20.4%2023: +16.9%2024: +9.0%2025: +18.6%2026: +35.7%20192026
Shares outstanding36.3M2026
9.4M18.8M28.2M37.7M2019: 37.4M2020: 37.7M2021: 37.6M2022: 37.4M2023: 36.9M2024: 36.6M2025: 36.3M2026: 36.3M20192026
Valuation39.72026
9.919.929.839.72019 · P/E: 15.12020 · P/E: 19.32021 · P/E: 23.72022 · P/E: 15.32023 · P/E: 19.12024 · P/E: 30.02025 · P/E: 32.02026 · P/E: 39.72019 · P/S: 1.22020 · P/S: 1.32021 · P/S: 1.92022 · P/S: 1.42023 · P/S: 1.82024 · P/S: 3.12025 · P/S: 3.12026 · P/S: 4.020192026
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-02
Revenue est. $1.4B · Updated 1h ago

No unusual perp activity right now.

FMP reference data

Market context

Reference market

Closed
New York Stock Exchange
Regular hours
09:30 AM04:00 PM
Next holiday
Nov 26, 2026 · Thanksgiving Day

After-hours reference

Bid393
Ask395.98
Volume3,719

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202718.20$6.1B+31%4
FY 202821.73$7.3B+57%4
FY 202929.28$9.4B+103%1
Q1 20274.66$1.6B+59%1
Q2 20274.95$1.7B+46%1
Q3 20275.04$1.7B+36%1

Company events

6
2026-11-02EarningsActual - / Estimate 4.19-
2026-08-17EarningsActual 4.1 / Estimate 3.81Beat
2026-05-04EarningsActual 3.72 / Estimate 3.56Beat
2026-02-02EarningsActual 3.36 / Estimate 3.26Beat
2025-11-03EarningsActual 2.92 / Estimate 2.82Beat
2025-08-18EarningsActual 2.65 / Estimate 2.64Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering FN have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings42101
Analysts1113
Buy / hold / sell34 / 8 / 062 / 38 / 1
Upgrades / downgrades / initiations3 / 2 / 36 / 5 / 9
Price targets hit / missed0 / 39 (0%)56 / 39 (59%)
Avg. return after a rating (TipRanks)-34.2%+22.7%
Best / worst call-5.7% / -52.8%+153.7% / -52.8%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 23, 2026Tim SavageauxNorthland SecuritiesBuyReiterated$800
Aug 19, 2026Steven FoxFox AdvisorsBuyUpgraded
Aug 18, 2026Tim SavageauxNorthland SecuritiesBuyReiterated$800
Aug 18, 2026Dave KangB. Riley SecuritiesHoldInitiated$598
Aug 18, 2026Joseph CardosoJ.P. MorganHoldReiterated$695

TipRanks data via FMP · computed Sep 24, 2026 · 42 ratings

Frequently asked questions

Where can I trade FN perpetual futures?

Fabrinet (FN) perpetual futures trade on 2 crypto venues, including LBank, Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade FN around the clock?

Yes. Unlike the underlying stock, FN perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on FN perpetuals?

Right now the FN perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the FN perp price compare to the Fabrinet stock?

The venue-median FN perp mark is $397 versus a reference stock price of $397.4, a basis of -0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a FN perpetual future?

A FN perpetual is a derivative that tracks the price of Fabrinet with no expiry date. It lets you take long or short exposure to Fabrinet on crypto venues, around the clock.

What is FNUSDT perpetual?

FNUSDT is the symbol most crypto exchanges use for the Fabrinet perpetual settled in USDT (Tether). It tracks the FN share price through an index, trades 24/7 with leverage and never expires.

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