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AMN HEALTHCARE SERVICES INC（AMN）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
AMN HEALTHCARE SERVICES INC的季度营收约是Cloudflare, Inc.的1.2倍（$748.2M vs $614.5M），AMN HEALTHCARE SERVICES INC净利率更高（-1.0% vs -2.0%，领先0.9%），Cloudflare, Inc.同比增速更快（33.6% vs 1.8%），Cloudflare, Inc.自由现金流更多（$105.2M vs $67.6M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -4.5%）
AMN医疗保健服务公司是美国领先的医疗人力资源解决方案提供商，主要为医院、诊所等各类医疗机构提供护士、医师、医技人员及其他临床、非临床岗位的临时与长期派遣服务，同时提供医护团队管理技术支持及相关咨询服务。
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。
AMN vs NET — 直观对比
营收规模更大
AMN
是对方的1.2倍
$614.5M
营收增速更快
NET
高出31.8%
1.8%
净利率更高
AMN
高出0.9%
-2.0%
自由现金流更多
NET
多$37.6M
$67.6M
两年增速更快
NET
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $748.2M | $614.5M |
| 净利润 | $-7.7M | $-12.1M |
| 毛利率 | 26.1% | 73.6% |
| 营业利润率 | 1.1% | -8.0% |
| 净利率 | -1.0% | -2.0% |
| 营收同比 | 1.8% | 33.6% |
| 净利润同比 | 95.9% | 6.0% |
| 每股收益（稀释后） | $-0.19 | $-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AMNNET
| Q4 25 | $748.2M | $614.5M | ||
| Q3 25 | $634.5M | $562.0M | ||
| Q2 25 | $658.2M | $512.3M | ||
| Q1 25 | $689.5M | $479.1M | ||
| Q4 24 | $734.7M | $459.9M | ||
| Q3 24 | $687.5M | $430.1M | ||
| Q2 24 | $740.7M | $401.0M | ||
| Q1 24 | $820.9M | $378.6M |
净利润AMNNET
| Q4 25 | $-7.7M | $-12.1M | ||
| Q3 25 | $29.3M | $-1.3M | ||
| Q2 25 | $-116.2M | $-50.4M | ||
| Q1 25 | $-1.1M | $-38.5M | ||
| Q4 24 | $-187.5M | $-12.8M | ||
| Q3 24 | $7.0M | $-15.3M | ||
| Q2 24 | $16.2M | $-15.1M | ||
| Q1 24 | $17.3M | $-35.5M |
毛利率AMNNET
| Q4 25 | 26.1% | 73.6% | ||
| Q3 25 | 29.1% | 74.0% | ||
| Q2 25 | 29.8% | 74.9% | ||
| Q1 25 | 28.7% | 75.9% | ||
| Q4 24 | 29.8% | 76.4% | ||
| Q3 24 | 31.0% | 77.7% | ||
| Q2 24 | 31.0% | 77.8% | ||
| Q1 24 | 31.4% | 77.5% |
营业利润率AMNNET
| Q4 25 | 1.1% | -8.0% | ||
| Q3 25 | 7.5% | -6.7% | ||
| Q2 25 | -18.8% | -13.1% | ||
| Q1 25 | 1.8% | -11.1% | ||
| Q4 24 | -27.6% | -7.5% | ||
| Q3 24 | 3.2% | -7.2% | ||
| Q2 24 | 5.1% | -8.7% | ||
| Q1 24 | 4.9% | -14.4% |
净利率AMNNET
| Q4 25 | -1.0% | -2.0% | ||
| Q3 25 | 4.6% | -0.2% | ||
| Q2 25 | -17.7% | -9.8% | ||
| Q1 25 | -0.2% | -8.0% | ||
| Q4 24 | -25.5% | -2.8% | ||
| Q3 24 | 1.0% | -3.6% | ||
| Q2 24 | 2.2% | -3.8% | ||
| Q1 24 | 2.1% | -9.4% |
每股收益（稀释后）AMNNET
| Q4 25 | $-0.19 | $-0.03 | ||
| Q3 25 | $0.76 | $0.00 | ||
| Q2 25 | $-3.02 | $-0.15 | ||
| Q1 25 | $-0.03 | $-0.11 | ||
| Q4 24 | $-4.90 | $-0.05 | ||
| Q3 24 | $0.18 | $-0.04 | ||
| Q2 24 | $0.42 | $-0.04 | ||
| Q1 24 | $0.45 | $-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 | $34.0M | $943.5M |
| 总债务越低越好 | $767.1M | — |
| 股东权益账面价值 | $642.1M | $1.5B |
| 总资产 | $2.1B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资AMNNET
| Q4 25 | $34.0M | $943.5M | ||
| Q3 25 | $52.6M | $1.1B | ||
| Q2 25 | $41.5M | $1.5B | ||
| Q1 25 | $55.8M | $204.5M | ||
| Q4 24 | $10.6M | $147.7M | ||
| Q3 24 | $30.6M | $182.9M | ||
| Q2 24 | $48.0M | $157.0M | ||
| Q1 24 | $50.6M | $254.4M |
总债务AMNNET
| Q4 25 | $767.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AMNNET
| Q4 25 | $642.1M | $1.5B | ||
| Q3 25 | $644.4M | $1.3B | ||
| Q2 25 | $607.6M | $1.2B | ||
| Q1 25 | $715.1M | $1.4B | ||
| Q4 24 | $706.6M | $1.0B | ||
| Q3 24 | $890.7M | $973.1M | ||
| Q2 24 | $876.9M | $881.5M | ||
| Q1 24 | $854.2M | $797.2M |
总资产AMNNET
| Q4 25 | $2.1B | $6.0B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.2B | $5.6B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.4B | $3.3B | ||
| Q3 24 | $2.7B | $3.1B | ||
| Q2 24 | $2.8B | $2.9B | ||
| Q1 24 | $2.9B | $2.8B |
负债/权益比AMNNET
| Q4 25 | 1.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $75.6M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $67.6M | $105.2M |
| 自由现金流率自由现金流/营收 | 9.0% | 17.1% |
| 资本支出强度资本支出/营收 | 1.1% | 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 | $233.8M | $287.5M |
8季度趋势，按日历期对齐
经营现金流AMNNET
| Q4 25 | $75.6M | $190.4M | ||
| Q3 25 | $22.7M | $167.1M | ||
| Q2 25 | $78.5M | $99.8M | ||
| Q1 25 | $92.7M | $145.8M | ||
| Q4 24 | $72.8M | $127.3M | ||
| Q3 24 | $66.7M | $104.7M | ||
| Q2 24 | $99.5M | $74.8M | ||
| Q1 24 | $81.4M | $73.6M |
自由现金流AMNNET
| Q4 25 | $67.6M | $105.2M | ||
| Q3 25 | $14.8M | $82.5M | ||
| Q2 25 | $68.7M | $39.9M | ||
| Q1 25 | $82.7M | $59.9M | ||
| Q4 24 | $56.6M | $54.2M | ||
| Q3 24 | $47.4M | $54.5M | ||
| Q2 24 | $72.2M | $45.2M | ||
| Q1 24 | $63.2M | $41.5M |
自由现金流率AMNNET
| Q4 25 | 9.0% | 17.1% | ||
| Q3 25 | 2.3% | 14.7% | ||
| Q2 25 | 10.4% | 7.8% | ||
| Q1 25 | 12.0% | 12.5% | ||
| Q4 24 | 7.7% | 11.8% | ||
| Q3 24 | 6.9% | 12.7% | ||
| Q2 24 | 9.8% | 11.3% | ||
| Q1 24 | 7.7% | 11.0% |
资本支出强度AMNNET
| Q4 25 | 1.1% | 13.9% | ||
| Q3 25 | 1.2% | 15.1% | ||
| Q2 25 | 1.5% | 11.7% | ||
| Q1 25 | 1.4% | 17.9% | ||
| Q4 24 | 2.2% | 15.9% | ||
| Q3 24 | 2.8% | 11.7% | ||
| Q2 24 | 3.7% | 7.4% | ||
| Q1 24 | 2.2% | 8.5% |
现金转化率AMNNET
| Q4 25 | — | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 9.54× | — | ||
| Q2 24 | 6.13× | — | ||
| Q1 24 | 4.70× | — |
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
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
