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Alight, Inc.（ALIT）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Alight, Inc.的季度营收约是Cloudflare, Inc.的1.1倍（$653.0M vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -142.7%，领先140.8%），Cloudflare, Inc.同比增速更快（33.6% vs -4.0%），Cloudflare, Inc.自由现金流更多（$105.2M vs $99.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 8.1%）
Alight公司是一家美国信息技术与咨询企业，专注于人力资源相关业务，主打基于云的系统服务、业务外包与咨询服务，为大型企业提供人力资本管理平台与外包方案，业务范围涵盖健康福利管理、财务管理以及退休规划等领域。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
ALIT vs NET — 直观对比
营收规模更大
ALIT
是对方的1.1倍
$614.5M
营收增速更快
NET
高出37.6%
-4.0%
净利率更高
NET
高出140.8%
-142.7%
自由现金流更多
NET
多$6.2M
$99.0M
两年增速更快
NET
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $653.0M | $614.5M |
| 净利润 | $-932.0M | $-12.1M |
| 毛利率 | 36.8% | 73.6% |
| 营业利润率 | -114.9% | -8.0% |
| 净利率 | -142.7% | -2.0% |
| 营收同比 | -4.0% | 33.6% |
| 净利润同比 | -11750.0% | 6.0% |
| 每股收益（稀释后） | $-1.77 | $-0.03 |
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ALITNET
| Q4 25 | $653.0M | $614.5M | ||
| Q3 25 | $533.0M | $562.0M | ||
| Q2 25 | $528.0M | $512.3M | ||
| Q1 25 | $548.0M | $479.1M | ||
| Q4 24 | $680.0M | $459.9M | ||
| Q3 24 | $555.0M | $430.1M | ||
| Q2 24 | $538.0M | $401.0M | ||
| Q1 24 | $559.0M | $378.6M |
净利润ALITNET
| Q4 25 | $-932.0M | $-12.1M | ||
| Q3 25 | $-1.1B | $-1.3M | ||
| Q2 25 | $-1.1B | $-50.4M | ||
| Q1 25 | $-25.0M | $-38.5M | ||
| Q4 24 | $8.0M | $-12.8M | ||
| Q3 24 | $-74.0M | $-15.3M | ||
| Q2 24 | $23.0M | $-15.1M | ||
| Q1 24 | $-114.0M | $-35.5M |
毛利率ALITNET
| Q4 25 | 36.8% | 73.6% | ||
| Q3 25 | 33.4% | 74.0% | ||
| Q2 25 | 33.3% | 74.9% | ||
| Q1 25 | 31.2% | 75.9% | ||
| Q4 24 | 39.9% | 76.4% | ||
| Q3 24 | 31.4% | 77.7% | ||
| Q2 24 | 31.0% | 77.8% | ||
| Q1 24 | 32.6% | 77.5% |
营业利润率ALITNET
| Q4 25 | -114.9% | -8.0% | ||
| Q3 25 | -248.0% | -6.7% | ||
| Q2 25 | -191.3% | -13.1% | ||
| Q1 25 | -1.5% | -11.1% | ||
| Q4 24 | 6.5% | -7.5% | ||
| Q3 24 | -7.6% | -7.2% | ||
| Q2 24 | -9.7% | -8.7% | ||
| Q1 24 | -7.2% | -14.4% |
净利率ALITNET
| Q4 25 | -142.7% | -2.0% | ||
| Q3 25 | -200.2% | -0.2% | ||
| Q2 25 | -203.2% | -9.8% | ||
| Q1 25 | -4.6% | -8.0% | ||
| Q4 24 | 1.2% | -2.8% | ||
| Q3 24 | -13.3% | -3.6% | ||
| Q2 24 | 4.3% | -3.8% | ||
| Q1 24 | -20.4% | -9.4% |
每股收益（稀释后）ALITNET
| Q4 25 | $-1.77 | $-0.03 | ||
| Q3 25 | $-2.02 | $0.00 | ||
| Q2 25 | $-2.03 | $-0.15 | ||
| Q1 25 | $-0.05 | $-0.11 | ||
| Q4 24 | $0.02 | $-0.05 | ||
| Q3 24 | $-0.14 | $-0.04 | ||
| Q2 24 | $0.04 | $-0.04 | ||
| Q1 24 | $-0.21 | $-0.10 |
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 | $273.0M | $943.5M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $1.0B | $1.5B |
| 总资产 | $4.6B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.92× | — |
8季度趋势，按日历期对齐
现金及短期投资ALITNET
| Q4 25 | $273.0M | $943.5M | ||
| Q3 25 | $205.0M | $1.1B | ||
| Q2 25 | $227.0M | $1.5B | ||
| Q1 25 | $223.0M | $204.5M | ||
| Q4 24 | $343.0M | $147.7M | ||
| Q3 24 | $300.0M | $182.9M | ||
| Q2 24 | $183.0M | $157.0M | ||
| Q1 24 | $256.0M | $254.4M |
总债务ALITNET
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
股东权益ALITNET
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $4.2B | $1.4B | ||
| Q4 24 | $4.3B | $1.0B | ||
| Q3 24 | $4.3B | $973.1M | ||
| Q2 24 | $4.5B | $881.5M | ||
| Q1 24 | $4.5B | $797.2M |
总资产ALITNET
| Q4 25 | $4.6B | $6.0B | ||
| Q3 25 | $5.5B | $5.8B | ||
| Q2 25 | $6.8B | $5.6B | ||
| Q1 25 | $7.9B | $3.7B | ||
| Q4 24 | $8.2B | $3.3B | ||
| Q3 24 | $8.3B | $3.1B | ||
| Q2 24 | $10.5B | $2.9B | ||
| Q1 24 | $10.7B | $2.8B |
负债/权益比ALITNET
| Q4 25 | 1.92× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.62× | — |
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 | $124.0M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $99.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 15.2% | 17.1% |
| 资本支出强度资本支出/营收 | 3.8% | 13.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $250.0M | $287.5M |
8季度趋势，按日历期对齐
经营现金流ALITNET
| Q4 25 | $124.0M | $190.4M | ||
| Q3 25 | $77.0M | $167.1M | ||
| Q2 25 | $86.0M | $99.8M | ||
| Q1 25 | $73.0M | $145.8M | ||
| Q4 24 | $118.0M | $127.3M | ||
| Q3 24 | $-24.0M | $104.7M | ||
| Q2 24 | $58.0M | $74.8M | ||
| Q1 24 | $100.0M | $73.6M |
自由现金流ALITNET
| Q4 25 | $99.0M | $105.2M | ||
| Q3 25 | $49.0M | $82.5M | ||
| Q2 25 | $58.0M | $39.9M | ||
| Q1 25 | $44.0M | $59.9M | ||
| Q4 24 | $92.0M | $54.2M | ||
| Q3 24 | $-52.0M | $54.5M | ||
| Q2 24 | $22.0M | $45.2M | ||
| Q1 24 | $69.0M | $41.5M |
自由现金流率ALITNET
| Q4 25 | 15.2% | 17.1% | ||
| Q3 25 | 9.2% | 14.7% | ||
| Q2 25 | 11.0% | 7.8% | ||
| Q1 25 | 8.0% | 12.5% | ||
| Q4 24 | 13.5% | 11.8% | ||
| Q3 24 | -9.4% | 12.7% | ||
| Q2 24 | 4.1% | 11.3% | ||
| Q1 24 | 12.3% | 11.0% |
资本支出强度ALITNET
| Q4 25 | 3.8% | 13.9% | ||
| Q3 25 | 5.3% | 15.1% | ||
| Q2 25 | 5.3% | 11.7% | ||
| Q1 25 | 5.3% | 17.9% | ||
| Q4 24 | 3.8% | 15.9% | ||
| Q3 24 | 5.0% | 11.7% | ||
| Q2 24 | 6.7% | 7.4% | ||
| Q1 24 | 5.5% | 8.5% |
现金转化率ALITNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 14.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | — | — |
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
ALIT
| Recurring | $607.0M | 93% |
| Projects | $46.0M | 7% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
