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Atmus Filtration Technologies Inc.（ATMU）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Atmus Filtration Technologies Inc.的1.4倍（$614.5M vs $446.6M），Atmus Filtration Technologies Inc.净利率更高（10.7% vs -2.0%，领先12.7%），Cloudflare, Inc.同比增速更快（33.6% vs 9.8%），Cloudflare, Inc.自由现金流更多（$105.2M vs $31.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 2.3%）
Atmus过滤技术公司是一家专业过滤解决方案提供商，研发、生产和销售空气、燃油、机油、液压等多场景过滤系统，服务全球汽车、重型车辆、工业设备、航空航天领域的原厂配套及售后替换市场。
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。
ATMU vs NET — 直观对比
营收规模更大
NET
是对方的1.4倍
$446.6M
营收增速更快
NET
高出23.8%
9.8%
净利率更高
ATMU
高出12.7%
-2.0%
自由现金流更多
NET
多$74.0M
$31.2M
两年增速更快
NET
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $446.6M | $614.5M |
| 净利润 | $48.0M | $-12.1M |
| 毛利率 | 28.5% | 73.6% |
| 营业利润率 | 15.8% | -8.0% |
| 净利率 | 10.7% | -2.0% |
| 营收同比 | 9.8% | 33.6% |
| 净利润同比 | 19.7% | 6.0% |
| 每股收益（稀释后） | $0.58 | $-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ATMUNET
| Q4 25 | $446.6M | $614.5M | ||
| Q3 25 | $447.7M | $562.0M | ||
| Q2 25 | $453.5M | $512.3M | ||
| Q1 25 | $416.5M | $479.1M | ||
| Q4 24 | $406.7M | $459.9M | ||
| Q3 24 | $403.7M | $430.1M | ||
| Q2 24 | $432.6M | $401.0M | ||
| Q1 24 | $426.6M | $378.6M |
净利润ATMUNET
| Q4 25 | $48.0M | $-12.1M | ||
| Q3 25 | $54.8M | $-1.3M | ||
| Q2 25 | $59.9M | $-50.4M | ||
| Q1 25 | $44.7M | $-38.5M | ||
| Q4 24 | $40.1M | $-12.8M | ||
| Q3 24 | $43.8M | $-15.3M | ||
| Q2 24 | $56.2M | $-15.1M | ||
| Q1 24 | $45.5M | $-35.5M |
毛利率ATMUNET
| Q4 25 | 28.5% | 73.6% | ||
| Q3 25 | 28.9% | 74.0% | ||
| Q2 25 | 28.9% | 74.9% | ||
| Q1 25 | 26.5% | 75.9% | ||
| Q4 24 | 26.3% | 76.4% | ||
| Q3 24 | 27.6% | 77.7% | ||
| Q2 24 | 30.5% | 77.8% | ||
| Q1 24 | 26.2% | 77.5% |
营业利润率ATMUNET
| Q4 25 | 15.8% | -8.0% | ||
| Q3 25 | 18.3% | -6.7% | ||
| Q2 25 | 18.0% | -13.1% | ||
| Q1 25 | 15.6% | -11.1% | ||
| Q4 24 | 13.4% | -7.5% | ||
| Q3 24 | 15.7% | -7.2% | ||
| Q2 24 | 18.4% | -8.7% | ||
| Q1 24 | 16.1% | -14.4% |
净利率ATMUNET
| Q4 25 | 10.7% | -2.0% | ||
| Q3 25 | 12.2% | -0.2% | ||
| Q2 25 | 13.2% | -9.8% | ||
| Q1 25 | 10.7% | -8.0% | ||
| Q4 24 | 9.9% | -2.8% | ||
| Q3 24 | 10.8% | -3.6% | ||
| Q2 24 | 13.0% | -3.8% | ||
| Q1 24 | 10.7% | -9.4% |
每股收益（稀释后）ATMUNET
| Q4 25 | $0.58 | $-0.03 | ||
| Q3 25 | $0.66 | $0.00 | ||
| Q2 25 | $0.72 | $-0.15 | ||
| Q1 25 | $0.54 | $-0.11 | ||
| Q4 24 | $0.49 | $-0.05 | ||
| Q3 24 | $0.52 | $-0.04 | ||
| Q2 24 | $0.67 | $-0.04 | ||
| Q1 24 | $0.54 | $-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 | $236.4M | $943.5M |
| 总债务越低越好 | $570.0M | — |
| 股东权益账面价值 | $378.5M | $1.5B |
| 总资产 | $1.4B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.51× | — |
8季度趋势，按日历期对齐
现金及短期投资ATMUNET
| Q4 25 | $236.4M | $943.5M | ||
| Q3 25 | $218.3M | $1.1B | ||
| Q2 25 | $190.8M | $1.5B | ||
| Q1 25 | $183.3M | $204.5M | ||
| Q4 24 | $184.3M | $147.7M | ||
| Q3 24 | $196.8M | $182.9M | ||
| Q2 24 | $160.5M | $157.0M | ||
| Q1 24 | $149.2M | $254.4M |
总债务ATMUNET
| Q4 25 | $570.0M | — | ||
| Q3 25 | $577.5M | — | ||
| Q2 25 | $585.0M | — | ||
| Q1 25 | $588.8M | — | ||
| Q4 24 | $592.5M | — | ||
| Q3 24 | $596.2M | — | ||
| Q2 24 | $600.0M | — | ||
| Q1 24 | $600.0M | — |
股东权益ATMUNET
| Q4 25 | $378.5M | $1.5B | ||
| Q3 25 | $336.7M | $1.3B | ||
| Q2 25 | $316.3M | $1.2B | ||
| Q1 25 | $265.3M | $1.4B | ||
| Q4 24 | $227.4M | $1.0B | ||
| Q3 24 | $221.2M | $973.1M | ||
| Q2 24 | $178.1M | $881.5M | ||
| Q1 24 | $121.8M | $797.2M |
总资产ATMUNET
| Q4 25 | $1.4B | $6.0B | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.3B | $5.6B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.2B | $2.9B | ||
| Q1 24 | $1.1B | $2.8B |
负债/权益比ATMUNET
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 2.70× | — | ||
| Q2 24 | 3.37× | — | ||
| Q1 24 | 4.93× | — |
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 | $47.5M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $31.2M | $105.2M |
| 自由现金流率自由现金流/营收 | 7.0% | 17.1% |
| 资本支出强度资本支出/营收 | 3.6% | 13.9% |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 过去12个月自由现金流最近4个季度 | $148.8M | $287.5M |
8季度趋势，按日历期对齐
经营现金流ATMUNET
| Q4 25 | $47.5M | $190.4M | ||
| Q3 25 | $82.1M | $167.1M | ||
| Q2 25 | $44.4M | $99.8M | ||
| Q1 25 | $28.7M | $145.8M | ||
| Q4 24 | $20.0M | $127.3M | ||
| Q3 24 | $70.7M | $104.7M | ||
| Q2 24 | $22.9M | $74.8M | ||
| Q1 24 | $-8.2M | $73.6M |
自由现金流ATMUNET
| Q4 25 | $31.2M | $105.2M | ||
| Q3 25 | $68.9M | $82.5M | ||
| Q2 25 | $32.4M | $39.9M | ||
| Q1 25 | $16.3M | $59.9M | ||
| Q4 24 | $10.0M | $54.2M | ||
| Q3 24 | $54.3M | $54.5M | ||
| Q2 24 | $11.3M | $45.2M | ||
| Q1 24 | $-18.8M | $41.5M |
自由现金流率ATMUNET
| Q4 25 | 7.0% | 17.1% | ||
| Q3 25 | 15.4% | 14.7% | ||
| Q2 25 | 7.1% | 7.8% | ||
| Q1 25 | 3.9% | 12.5% | ||
| Q4 24 | 2.5% | 11.8% | ||
| Q3 24 | 13.5% | 12.7% | ||
| Q2 24 | 2.6% | 11.3% | ||
| Q1 24 | -4.4% | 11.0% |
资本支出强度ATMUNET
| Q4 25 | 3.6% | 13.9% | ||
| Q3 25 | 2.9% | 15.1% | ||
| Q2 25 | 2.6% | 11.7% | ||
| Q1 25 | 3.0% | 17.9% | ||
| Q4 24 | 2.5% | 15.9% | ||
| Q3 24 | 4.1% | 11.7% | ||
| Q2 24 | 2.7% | 7.4% | ||
| Q1 24 | 2.5% | 8.5% |
现金转化率ATMUNET
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.50× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 1.61× | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 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
ATMU
| Fuel Products | $219.1M | 49% |
| Lube | $84.8M | 19% |
| Air | $74.0M | 17% |
| Other | $68.7M | 15% |
| Related Party | $14.9M | 3% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
