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ASTEC INDUSTRIES INC（ASTE）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ASTEC INDUSTRIES INC的1.5倍（$614.5M vs $400.6M），ASTEC INDUSTRIES INC净利率更高（3.0% vs -2.0%，领先5.0%），Cloudflare, Inc.同比增速更快（33.6% vs 11.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $7.4M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 13.8%）
ASTEC是一家国际电子企业，原总部设于香港，主营电源供应装置与电力转换硬件产品，是全球计算机系统电源的主要供应商之一，曾一度是全球规模最大的电源生产商。
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。
ASTE vs NET — 直观对比
营收规模更大
NET
是对方的1.5倍
$400.6M
营收增速更快
NET
高出22.0%
11.6%
净利率更高
ASTE
高出5.0%
-2.0%
自由现金流更多
NET
多$97.8M
$7.4M
两年增速更快
NET
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $400.6M | $614.5M |
| 净利润 | $12.0M | $-12.1M |
| 毛利率 | 27.3% | 73.6% |
| 营业利润率 | 5.7% | -8.0% |
| 净利率 | 3.0% | -2.0% |
| 营收同比 | 11.6% | 33.6% |
| 净利润同比 | -43.1% | 6.0% |
| 每股收益（稀释后） | $0.52 | $-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ASTENET
| Q4 25 | $400.6M | $614.5M | ||
| Q3 25 | $350.1M | $562.0M | ||
| Q2 25 | $330.3M | $512.3M | ||
| Q1 25 | $329.4M | $479.1M | ||
| Q4 24 | $359.0M | $459.9M | ||
| Q3 24 | $291.4M | $430.1M | ||
| Q2 24 | $345.5M | $401.0M | ||
| Q1 24 | $309.2M | $378.6M |
净利润ASTENET
| Q4 25 | $12.0M | $-12.1M | ||
| Q3 25 | $-4.2M | $-1.3M | ||
| Q2 25 | $16.7M | $-50.4M | ||
| Q1 25 | $14.3M | $-38.5M | ||
| Q4 24 | $21.1M | $-12.8M | ||
| Q3 24 | $-6.2M | $-15.3M | ||
| Q2 24 | $-14.0M | $-15.1M | ||
| Q1 24 | $3.4M | $-35.5M |
毛利率ASTENET
| Q4 25 | 27.3% | 73.6% | ||
| Q3 25 | 24.1% | 74.0% | ||
| Q2 25 | 26.7% | 74.9% | ||
| Q1 25 | 28.1% | 75.9% | ||
| Q4 24 | 28.7% | 76.4% | ||
| Q3 24 | 22.9% | 77.7% | ||
| Q2 24 | 23.5% | 77.8% | ||
| Q1 24 | 24.9% | 77.5% |
营业利润率ASTENET
| Q4 25 | 5.7% | -8.0% | ||
| Q3 25 | 0.3% | -6.7% | ||
| Q2 25 | 6.5% | -13.1% | ||
| Q1 25 | 6.2% | -11.1% | ||
| Q4 24 | 9.7% | -7.5% | ||
| Q3 24 | -2.5% | -7.2% | ||
| Q2 24 | -3.1% | -8.7% | ||
| Q1 24 | 2.0% | -14.4% |
净利率ASTENET
| Q4 25 | 3.0% | -2.0% | ||
| Q3 25 | -1.2% | -0.2% | ||
| Q2 25 | 5.1% | -9.8% | ||
| Q1 25 | 4.3% | -8.0% | ||
| Q4 24 | 5.9% | -2.8% | ||
| Q3 24 | -2.1% | -3.6% | ||
| Q2 24 | -4.1% | -3.8% | ||
| Q1 24 | 1.1% | -9.4% |
每股收益（稀释后）ASTENET
| Q4 25 | $0.52 | $-0.03 | ||
| Q3 25 | $-0.18 | $0.00 | ||
| Q2 25 | $0.72 | $-0.15 | ||
| Q1 25 | $0.62 | $-0.11 | ||
| Q4 24 | $0.92 | $-0.05 | ||
| Q3 24 | $-0.27 | $-0.04 | ||
| Q2 24 | $-0.61 | $-0.04 | ||
| Q1 24 | $0.15 | $-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 | $74.1M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $681.7M | $1.5B |
| 总资产 | $1.4B | $6.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASTENET
| Q4 25 | $74.1M | $943.5M | ||
| Q3 25 | $71.8M | $1.1B | ||
| Q2 25 | $91.6M | $1.5B | ||
| Q1 25 | $95.4M | $204.5M | ||
| Q4 24 | $93.8M | $147.7M | ||
| Q3 24 | $58.9M | $182.9M | ||
| Q2 24 | $68.4M | $157.0M | ||
| Q1 24 | $63.8M | $254.4M |
股东权益ASTENET
| Q4 25 | $681.7M | $1.5B | ||
| Q3 25 | $668.9M | $1.3B | ||
| Q2 25 | $674.9M | $1.2B | ||
| Q1 25 | $653.2M | $1.4B | ||
| Q4 24 | $637.8M | $1.0B | ||
| Q3 24 | $631.4M | $973.1M | ||
| Q2 24 | $633.3M | $881.5M | ||
| Q1 24 | $650.3M | $797.2M |
总资产ASTENET
| Q4 25 | $1.4B | $6.0B | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.1B | $5.6B | ||
| Q1 25 | $1.1B | $3.7B | ||
| Q4 24 | $1.0B | $3.3B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $1.1B | $2.9B | ||
| Q1 24 | $1.1B | $2.8B |
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 | $36.1M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $105.2M |
| 自由现金流率自由现金流/营收 | 1.8% | 17.1% |
| 资本支出强度资本支出/营收 | 7.2% | 13.9% |
| 现金转化率经营现金流/净利润 | 3.01× | — |
| 过去12个月自由现金流最近4个季度 | $20.7M | $287.5M |
8季度趋势，按日历期对齐
经营现金流ASTENET
| Q4 25 | $36.1M | $190.4M | ||
| Q3 25 | $-8.1M | $167.1M | ||
| Q2 25 | $12.9M | $99.8M | ||
| Q1 25 | $20.5M | $145.8M | ||
| Q4 24 | $36.6M | $127.3M | ||
| Q3 24 | $22.5M | $104.7M | ||
| Q2 24 | $10.9M | $74.8M | ||
| Q1 24 | $-47.0M | $73.6M |
自由现金流ASTENET
| Q4 25 | $7.4M | $105.2M | ||
| Q3 25 | $-12.3M | $82.5M | ||
| Q2 25 | $9.0M | $39.9M | ||
| Q1 25 | $16.6M | $59.9M | ||
| Q4 24 | $32.1M | $54.2M | ||
| Q3 24 | $19.9M | $54.5M | ||
| Q2 24 | $3.3M | $45.2M | ||
| Q1 24 | $-52.8M | $41.5M |
自由现金流率ASTENET
| Q4 25 | 1.8% | 17.1% | ||
| Q3 25 | -3.5% | 14.7% | ||
| Q2 25 | 2.7% | 7.8% | ||
| Q1 25 | 5.0% | 12.5% | ||
| Q4 24 | 8.9% | 11.8% | ||
| Q3 24 | 6.8% | 12.7% | ||
| Q2 24 | 1.0% | 11.3% | ||
| Q1 24 | -17.1% | 11.0% |
资本支出强度ASTENET
| Q4 25 | 7.2% | 13.9% | ||
| Q3 25 | 1.2% | 15.1% | ||
| Q2 25 | 1.2% | 11.7% | ||
| Q1 25 | 1.2% | 17.9% | ||
| Q4 24 | 1.3% | 15.9% | ||
| Q3 24 | 0.9% | 11.7% | ||
| Q2 24 | 2.2% | 7.4% | ||
| Q1 24 | 1.9% | 8.5% |
现金转化率ASTENET
| Q4 25 | 3.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -13.82× | — |
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
ASTE
| Infrastructure Group | $208.7M | 52% |
| Material Solutions | $105.3M | 26% |
| Parts And Component Sales | $58.3M | 15% |
| Other | $15.3M | 4% |
| Service And Equipment Installation Revenue | $6.9M | 2% |
| Cargo And Freight | $6.1M | 2% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
