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Andersons, Inc.（ANDE）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是Andersons, Inc.的1.9倍（$614.5M vs $329.5M），Andersons, Inc.净利率更高（20.5% vs -2.0%，领先22.4%），Cloudflare, Inc.同比增速更快（33.6% vs -2.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-77.1M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -1.8%）
安德森公司（The Andersons, Inc.）是1947年成立的美国农业企业，总部位于俄亥俄州莫米。公司起源于1940年代服务粮食行业的安德森货运站，是深耕农业领域的多元化企业，业务覆盖大宗商品贸易、可再生能源以及植物营养板块。
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。
ANDE vs NET — 直观对比
营收规模更大
NET
是对方的1.9倍
$329.5M
营收增速更快
NET
高出36.0%
-2.4%
净利率更高
ANDE
高出22.4%
-2.0%
自由现金流更多
NET
多$182.3M
$-77.1M
两年增速更快
NET
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $614.5M |
| 净利润 | $67.4M | $-12.1M |
| 毛利率 | 70.3% | 73.6% |
| 营业利润率 | 26.6% | -8.0% |
| 净利率 | 20.5% | -2.0% |
| 营收同比 | -2.4% | 33.6% |
| 净利润同比 | 49.6% | 6.0% |
| 每股收益（稀释后） | — | $-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ANDENET
| Q4 25 | $329.5M | $614.5M | ||
| Q3 25 | $295.8M | $562.0M | ||
| Q2 25 | $535.0M | $512.3M | ||
| Q1 25 | $370.8M | $479.1M | ||
| Q4 24 | $337.5M | $459.9M | ||
| Q3 24 | $231.9M | $430.1M | ||
| Q2 24 | $492.5M | $401.0M | ||
| Q1 24 | $341.4M | $378.6M |
净利润ANDENET
| Q4 25 | $67.4M | $-12.1M | ||
| Q3 25 | $20.1M | $-1.3M | ||
| Q2 25 | $7.9M | $-50.4M | ||
| Q1 25 | $284.0K | $-38.5M | ||
| Q4 24 | $45.1M | $-12.8M | ||
| Q3 24 | $27.4M | $-15.3M | ||
| Q2 24 | $36.0M | $-15.1M | ||
| Q1 24 | $5.6M | $-35.5M |
毛利率ANDENET
| Q4 25 | 70.3% | 73.6% | ||
| Q3 25 | 57.8% | 74.0% | ||
| Q2 25 | 29.6% | 74.9% | ||
| Q1 25 | 41.2% | 75.9% | ||
| Q4 24 | 63.1% | 76.4% | ||
| Q3 24 | 76.4% | 77.7% | ||
| Q2 24 | 35.6% | 77.8% | ||
| Q1 24 | 37.6% | 77.5% |
营业利润率ANDENET
| Q4 25 | 26.6% | -8.0% | ||
| Q3 25 | 8.7% | -6.7% | ||
| Q2 25 | 4.6% | -13.1% | ||
| Q1 25 | 0.9% | -11.1% | ||
| Q4 24 | 19.9% | -7.5% | ||
| Q3 24 | 26.8% | -7.2% | ||
| Q2 24 | 11.6% | -8.7% | ||
| Q1 24 | 4.1% | -14.4% |
净利率ANDENET
| Q4 25 | 20.5% | -2.0% | ||
| Q3 25 | 6.8% | -0.2% | ||
| Q2 25 | 1.5% | -9.8% | ||
| Q1 25 | 0.1% | -8.0% | ||
| Q4 24 | 13.4% | -2.8% | ||
| Q3 24 | 11.8% | -3.6% | ||
| Q2 24 | 7.3% | -3.8% | ||
| Q1 24 | 1.6% | -9.4% |
每股收益（稀释后）ANDENET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.59 | $0.00 | ||
| Q2 25 | $0.23 | $-0.15 | ||
| Q1 25 | $0.01 | $-0.11 | ||
| Q4 24 | $1.31 | $-0.05 | ||
| Q3 24 | $0.80 | $-0.04 | ||
| Q2 24 | $1.05 | $-0.04 | ||
| Q1 24 | $0.16 | $-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 | $98.3M | $943.5M |
| 总债务越低越好 | $560.0M | — |
| 股东权益账面价值 | $1.2B | $1.5B |
| 总资产 | $3.7B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资ANDENET
| Q4 25 | $98.3M | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | $561.8M | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
总债务ANDENET
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ANDENET
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.3B | $973.1M | ||
| Q2 24 | $1.3B | $881.5M | ||
| Q1 24 | $1.3B | $797.2M |
总资产ANDENET
| Q4 25 | $3.7B | $6.0B | ||
| Q3 25 | $3.3B | $5.8B | ||
| Q2 25 | $3.4B | $5.6B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $4.1B | $3.3B | ||
| Q3 24 | $3.4B | $3.1B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | $3.3B | $2.8B |
负债/权益比ANDENET
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| 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 | $-6.2M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $105.2M |
| 自由现金流率自由现金流/营收 | -23.4% | 17.1% |
| 资本支出强度资本支出/营收 | 21.5% | 13.9% |
| 现金转化率经营现金流/净利润 | -0.09× | — |
| 过去12个月自由现金流最近4个季度 | $-56.1M | $287.5M |
8季度趋势，按日历期对齐
经营现金流ANDENET
| Q4 25 | $-6.2M | $190.4M | ||
| Q3 25 | $233.9M | $167.1M | ||
| Q2 25 | $299.3M | $99.8M | ||
| Q1 25 | $-350.0M | $145.8M | ||
| Q4 24 | $268.8M | $127.3M | ||
| Q3 24 | $-2.1M | $104.7M | ||
| Q2 24 | $304.4M | $74.8M | ||
| Q1 24 | $-239.6M | $73.6M |
自由现金流ANDENET
| Q4 25 | $-77.1M | $105.2M | ||
| Q3 25 | $167.0M | $82.5M | ||
| Q2 25 | $250.5M | $39.9M | ||
| Q1 25 | $-396.6M | $59.9M | ||
| Q4 24 | $212.9M | $54.2M | ||
| Q3 24 | $-40.0M | $54.5M | ||
| Q2 24 | $275.8M | $45.2M | ||
| Q1 24 | $-266.4M | $41.5M |
自由现金流率ANDENET
| Q4 25 | -23.4% | 17.1% | ||
| Q3 25 | 56.5% | 14.7% | ||
| Q2 25 | 46.8% | 7.8% | ||
| Q1 25 | -106.9% | 12.5% | ||
| Q4 24 | 63.1% | 11.8% | ||
| Q3 24 | -17.2% | 12.7% | ||
| Q2 24 | 56.0% | 11.3% | ||
| Q1 24 | -78.0% | 11.0% |
资本支出强度ANDENET
| Q4 25 | 21.5% | 13.9% | ||
| Q3 25 | 22.6% | 15.1% | ||
| Q2 25 | 9.1% | 11.7% | ||
| Q1 25 | 12.6% | 17.9% | ||
| Q4 24 | 16.6% | 15.9% | ||
| Q3 24 | 16.3% | 11.7% | ||
| Q2 24 | 5.8% | 7.4% | ||
| Q1 24 | 7.8% | 8.5% |
现金转化率ANDENET
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | — | ||
| Q2 25 | 38.10× | — | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | — |
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
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
