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APOGEE ENTERPRISES, INC.（APOG）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APOGEE ENTERPRISES, INC.的1.7倍（$614.5M vs $351.4M），APOGEE ENTERPRISES, INC.净利率更高（4.7% vs -2.0%，领先6.7%），Cloudflare, Inc.同比增速更快（33.6% vs 1.6%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
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。
APOG vs NET — 直观对比
营收规模更大
NET
是对方的1.7倍
$351.4M
营收增速更快
NET
高出32.0%
1.6%
净利率更高
APOG
高出6.7%
-2.0%
两年增速更快
NET
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $614.5M |
| 净利润 | $16.6M | $-12.1M |
| 毛利率 | 22.4% | 73.6% |
| 营业利润率 | 7.3% | -8.0% |
| 净利率 | 4.7% | -2.0% |
| 营收同比 | 1.6% | 33.6% |
| 净利润同比 | 568.8% | 6.0% |
| 每股收益（稀释后） | $0.78 | $-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APOGNET
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $614.5M | ||
| Q3 25 | $358.2M | $562.0M | ||
| Q2 25 | $346.6M | $512.3M | ||
| Q1 25 | $345.7M | $479.1M | ||
| Q4 24 | $341.3M | $459.9M | ||
| Q3 24 | $342.4M | $430.1M | ||
| Q2 24 | $331.5M | $401.0M |
净利润APOGNET
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-12.1M | ||
| Q3 25 | $23.6M | $-1.3M | ||
| Q2 25 | $-2.7M | $-50.4M | ||
| Q1 25 | $2.5M | $-38.5M | ||
| Q4 24 | $21.0M | $-12.8M | ||
| Q3 24 | $30.6M | $-15.3M | ||
| Q2 24 | $31.0M | $-15.1M |
毛利率APOGNET
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 73.6% | ||
| Q3 25 | 23.1% | 74.0% | ||
| Q2 25 | 21.7% | 74.9% | ||
| Q1 25 | 21.6% | 75.9% | ||
| Q4 24 | 26.1% | 76.4% | ||
| Q3 24 | 28.4% | 77.7% | ||
| Q2 24 | 29.8% | 77.8% |
营业利润率APOGNET
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -8.0% | ||
| Q3 25 | 7.5% | -6.7% | ||
| Q2 25 | 2.0% | -13.1% | ||
| Q1 25 | 1.8% | -11.1% | ||
| Q4 24 | 8.4% | -7.5% | ||
| Q3 24 | 12.3% | -7.2% | ||
| Q2 24 | 12.5% | -8.7% |
净利率APOGNET
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -2.0% | ||
| Q3 25 | 6.6% | -0.2% | ||
| Q2 25 | -0.8% | -9.8% | ||
| Q1 25 | 0.7% | -8.0% | ||
| Q4 24 | 6.1% | -2.8% | ||
| Q3 24 | 8.9% | -3.6% | ||
| Q2 24 | 9.4% | -3.8% |
每股收益（稀释后）APOGNET
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.03 | ||
| Q3 25 | $1.10 | $0.00 | ||
| Q2 25 | $-0.13 | $-0.15 | ||
| Q1 25 | $0.12 | $-0.11 | ||
| Q4 24 | $0.96 | $-0.05 | ||
| Q3 24 | $1.40 | $-0.04 | ||
| Q2 24 | $1.41 | $-0.04 |
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 | $39.5M | $943.5M |
| 总债务越低越好 | $232.3M | — |
| 股东权益账面价值 | $511.8M | $1.5B |
| 总资产 | $1.1B | $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APOGNET
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $943.5M | ||
| Q3 25 | $39.5M | $1.1B | ||
| Q2 25 | $32.8M | $1.5B | ||
| Q1 25 | $41.4M | $204.5M | ||
| Q4 24 | $43.9M | $147.7M | ||
| Q3 24 | $51.0M | $182.9M | ||
| Q2 24 | $30.4M | $157.0M |
总债务APOGNET
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APOGNET
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.5B | ||
| Q3 25 | $500.2M | $1.3B | ||
| Q2 25 | $481.8M | $1.2B | ||
| Q1 25 | $487.9M | $1.4B | ||
| Q4 24 | $522.1M | $1.0B | ||
| Q3 24 | $506.4M | $973.1M | ||
| Q2 24 | $480.0M | $881.5M |
总资产APOGNET
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $6.0B | ||
| Q3 25 | $1.2B | $5.8B | ||
| Q2 25 | $1.2B | $5.6B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $917.1M | $3.1B | ||
| Q2 24 | $889.0M | $2.9B |
负债/权益比APOGNET
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $122.5M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | — | $105.2M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | 7.8% | 13.9% |
| 现金转化率经营现金流/净利润 | 7.37× | — |
| 过去12个月自由现金流最近4个季度 | — | $287.5M |
8季度趋势，按日历期对齐
经营现金流APOGNET
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $190.4M | ||
| Q3 25 | $57.1M | $167.1M | ||
| Q2 25 | $-19.8M | $99.8M | ||
| Q1 25 | $30.0M | $145.8M | ||
| Q4 24 | $31.0M | $127.3M | ||
| Q3 24 | $58.7M | $104.7M | ||
| Q2 24 | $5.5M | $74.8M |
自由现金流APOGNET
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $105.2M | ||
| Q3 25 | $52.4M | $82.5M | ||
| Q2 25 | $-26.9M | $39.9M | ||
| Q1 25 | $19.1M | $59.9M | ||
| Q4 24 | $22.0M | $54.2M | ||
| Q3 24 | $50.2M | $54.5M | ||
| Q2 24 | $-1.8M | $45.2M |
自由现金流率APOGNET
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 17.1% | ||
| Q3 25 | 14.6% | 14.7% | ||
| Q2 25 | -7.8% | 7.8% | ||
| Q1 25 | 5.5% | 12.5% | ||
| Q4 24 | 6.4% | 11.8% | ||
| Q3 24 | 14.7% | 12.7% | ||
| Q2 24 | -0.5% | 11.3% |
资本支出强度APOGNET
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 13.9% | ||
| Q3 25 | 1.3% | 15.1% | ||
| Q2 25 | 2.1% | 11.7% | ||
| Q1 25 | 3.2% | 17.9% | ||
| Q4 24 | 2.6% | 15.9% | ||
| Q3 24 | 2.5% | 11.7% | ||
| Q2 24 | 2.2% | 7.4% |
现金转化率APOGNET
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | — |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
