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AvalonBay Communities（AVB）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
AvalonBay Communities的季度营收约是Cloudflare, Inc.的1.2倍（$767.9M vs $614.5M），AvalonBay Communities净利率更高（9040.6% vs -2.0%，领先9042.5%），Cloudflare, Inc.同比增速更快（33.6% vs 3.7%），AvalonBay Communities自由现金流更多（$1.4B vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 3.8%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs NET — 直观对比
营收规模更大
AVB
是对方的1.2倍
$614.5M
营收增速更快
NET
高出29.9%
3.7%
净利率更高
AVB
高出9042.5%
-2.0%
自由现金流更多
AVB
多$1.3B
$105.2M
两年增速更快
NET
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $614.5M |
| 净利润 | $166.0M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 64.2% | -8.0% |
| 净利率 | 9040.6% | -2.0% |
| 营收同比 | 3.7% | 33.6% |
| 净利润同比 | -41.2% | 6.0% |
| 每股收益（稀释后） | $1.18 | $-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AVBNET
| Q4 25 | $767.9M | $614.5M | ||
| Q3 25 | $766.8M | $562.0M | ||
| Q2 25 | $760.2M | $512.3M | ||
| Q1 25 | $745.9M | $479.1M | ||
| Q4 24 | $740.5M | $459.9M | ||
| Q3 24 | $734.3M | $430.1M | ||
| Q2 24 | $726.0M | $401.0M | ||
| Q1 24 | $712.9M | $378.6M |
净利润AVBNET
| Q4 25 | $166.0M | $-12.1M | ||
| Q3 25 | $381.3M | $-1.3M | ||
| Q2 25 | $268.7M | $-50.4M | ||
| Q1 25 | $236.6M | $-38.5M | ||
| Q4 24 | $282.1M | $-12.8M | ||
| Q3 24 | $372.5M | $-15.3M | ||
| Q2 24 | $253.9M | $-15.1M | ||
| Q1 24 | $173.4M | $-35.5M |
毛利率AVBNET
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
营业利润率AVBNET
| Q4 25 | 64.2% | -8.0% | ||
| Q3 25 | 65.7% | -6.7% | ||
| Q2 25 | 67.6% | -13.1% | ||
| Q1 25 | 68.5% | -11.1% | ||
| Q4 24 | 63.1% | -7.5% | ||
| Q3 24 | 65.4% | -7.2% | ||
| Q2 24 | 66.6% | -8.7% | ||
| Q1 24 | 67.2% | -14.4% |
净利率AVBNET
| Q4 25 | 9040.6% | -2.0% | ||
| Q3 25 | 49.7% | -0.2% | ||
| Q2 25 | 35.3% | -9.8% | ||
| Q1 25 | 31.7% | -8.0% | ||
| Q4 24 | 38.1% | -2.8% | ||
| Q3 24 | 50.7% | -3.6% | ||
| Q2 24 | 35.0% | -3.8% | ||
| Q1 24 | 24.3% | -9.4% |
每股收益（稀释后）AVBNET
| Q4 25 | $1.18 | $-0.03 | ||
| Q3 25 | $2.68 | $0.00 | ||
| Q2 25 | $1.88 | $-0.15 | ||
| Q1 25 | $1.66 | $-0.11 | ||
| Q4 24 | $1.99 | $-0.05 | ||
| Q3 24 | $2.61 | $-0.04 | ||
| Q2 24 | $1.78 | $-0.04 | ||
| Q1 24 | $1.22 | $-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 | $187.2M | $943.5M |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $1.5B |
| 总资产 | $22.2B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBNET
| Q4 25 | $187.2M | $943.5M | ||
| Q3 25 | $123.3M | $1.1B | ||
| Q2 25 | $102.8M | $1.5B | ||
| Q1 25 | $53.3M | $204.5M | ||
| Q4 24 | $108.6M | $147.7M | ||
| Q3 24 | $552.4M | $182.9M | ||
| Q2 24 | $545.8M | $157.0M | ||
| Q1 24 | $287.9M | $254.4M |
总债务AVBNET
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
股东权益AVBNET
| Q4 25 | $11.6B | $1.5B | ||
| Q3 25 | $11.9B | $1.3B | ||
| Q2 25 | $11.9B | $1.2B | ||
| Q1 25 | $11.9B | $1.4B | ||
| Q4 24 | $11.9B | $1.0B | ||
| Q3 24 | $11.9B | $973.1M | ||
| Q2 24 | $11.7B | $881.5M | ||
| Q1 24 | $11.7B | $797.2M |
总资产AVBNET
| Q4 25 | $22.2B | $6.0B | ||
| Q3 25 | $21.9B | $5.8B | ||
| Q2 25 | $21.8B | $5.6B | ||
| Q1 25 | $21.2B | $3.7B | ||
| Q4 24 | $21.0B | $3.3B | ||
| Q3 24 | $21.3B | $3.1B | ||
| Q2 24 | $21.0B | $2.9B | ||
| Q1 24 | $20.6B | $2.8B |
负债/权益比AVBNET
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | — |
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 | $1.7B | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $105.2M |
| 自由现金流率自由现金流/营收 | 183.5% | 17.1% |
| 资本支出强度资本支出/营收 | 34.1% | 13.9% |
| 现金转化率经营现金流/净利润 | 10.07× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | $287.5M |
8季度趋势，按日历期对齐
经营现金流AVBNET
| Q4 25 | $1.7B | $190.4M | ||
| Q3 25 | $477.0M | $167.1M | ||
| Q2 25 | $377.8M | $99.8M | ||
| Q1 25 | $415.9M | $145.8M | ||
| Q4 24 | $1.6B | $127.3M | ||
| Q3 24 | $486.2M | $104.7M | ||
| Q2 24 | $380.0M | $74.8M | ||
| Q1 24 | $412.9M | $73.6M |
自由现金流AVBNET
| Q4 25 | $1.4B | $105.2M | ||
| Q3 25 | $402.2M | $82.5M | ||
| Q2 25 | $317.1M | $39.9M | ||
| Q1 25 | $367.5M | $59.9M | ||
| Q4 24 | $1.4B | $54.2M | ||
| Q3 24 | $434.2M | $54.5M | ||
| Q2 24 | $333.0M | $45.2M | ||
| Q1 24 | $375.4M | $41.5M |
自由现金流率AVBNET
| Q4 25 | 183.5% | 17.1% | ||
| Q3 25 | 52.5% | 14.7% | ||
| Q2 25 | 41.7% | 7.8% | ||
| Q1 25 | 49.3% | 12.5% | ||
| Q4 24 | 191.0% | 11.8% | ||
| Q3 24 | 59.1% | 12.7% | ||
| Q2 24 | 45.9% | 11.3% | ||
| Q1 24 | 52.7% | 11.0% |
资本支出强度AVBNET
| Q4 25 | 34.1% | 13.9% | ||
| Q3 25 | 9.8% | 15.1% | ||
| Q2 25 | 8.0% | 11.7% | ||
| Q1 25 | 6.5% | 17.9% | ||
| Q4 24 | 26.1% | 15.9% | ||
| Q3 24 | 7.1% | 11.7% | ||
| Q2 24 | 6.5% | 7.4% | ||
| Q1 24 | 5.3% | 8.5% |
现金转化率AVBNET
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | — |
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
AVB
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
