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普立万（AVNT）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
普立万的季度营收约是Cloudflare, Inc.的1.2倍（$760.6M vs $614.5M），普立万净利率更高（2.2% vs -2.0%，领先4.2%），Cloudflare, Inc.同比增速更快（33.6% vs 1.9%），普立万自由现金流更多（$125.4M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -4.2%）
普立万公司是一家全球性材料解决方案供应商，总部位于美国俄亥俄州埃文湖，全球员工约9000人。主营产品涵盖色母粒、先进复合材料、功能添加剂以及工程材料，为多行业客户提供定制化的材料相关技术支持与解决方案。
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。
AVNT vs NET — 直观对比
营收规模更大
AVNT
是对方的1.2倍
$614.5M
营收增速更快
NET
高出31.7%
1.9%
净利率更高
AVNT
高出4.2%
-2.0%
自由现金流更多
AVNT
多$20.2M
$105.2M
两年增速更快
NET
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $760.6M | $614.5M |
| 净利润 | $16.9M | $-12.1M |
| 毛利率 | 30.2% | 73.6% |
| 营业利润率 | 5.2% | -8.0% |
| 净利率 | 2.2% | -2.0% |
| 营收同比 | 1.9% | 33.6% |
| 净利润同比 | -65.0% | 6.0% |
| 每股收益（稀释后） | $0.18 | $-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AVNTNET
| Q4 25 | $760.6M | $614.5M | ||
| Q3 25 | $806.5M | $562.0M | ||
| Q2 25 | $866.5M | $512.3M | ||
| Q1 25 | $826.6M | $479.1M | ||
| Q4 24 | $746.5M | $459.9M | ||
| Q3 24 | $815.2M | $430.1M | ||
| Q2 24 | $849.7M | $401.0M | ||
| Q1 24 | $829.0M | $378.6M |
净利润AVNTNET
| Q4 25 | $16.9M | $-12.1M | ||
| Q3 25 | $32.6M | $-1.3M | ||
| Q2 25 | $52.6M | $-50.4M | ||
| Q1 25 | $-20.2M | $-38.5M | ||
| Q4 24 | $48.3M | $-12.8M | ||
| Q3 24 | $38.2M | $-15.3M | ||
| Q2 24 | $33.6M | $-15.1M | ||
| Q1 24 | $49.4M | $-35.5M |
毛利率AVNTNET
| Q4 25 | 30.2% | 73.6% | ||
| Q3 25 | 30.4% | 74.0% | ||
| Q2 25 | 32.1% | 74.9% | ||
| Q1 25 | 31.8% | 75.9% | ||
| Q4 24 | 34.8% | 76.4% | ||
| Q3 24 | 32.1% | 77.7% | ||
| Q2 24 | 30.3% | 77.8% | ||
| Q1 24 | 33.6% | 77.5% |
营业利润率AVNTNET
| Q4 25 | 5.2% | -8.0% | ||
| Q3 25 | 8.3% | -6.7% | ||
| Q2 25 | 11.1% | -13.1% | ||
| Q1 25 | 0.1% | -11.1% | ||
| Q4 24 | 11.5% | -7.5% | ||
| Q3 24 | 9.5% | -7.2% | ||
| Q2 24 | 8.5% | -8.7% | ||
| Q1 24 | 11.3% | -14.4% |
净利率AVNTNET
| Q4 25 | 2.2% | -2.0% | ||
| Q3 25 | 4.0% | -0.2% | ||
| Q2 25 | 6.1% | -9.8% | ||
| Q1 25 | -2.4% | -8.0% | ||
| Q4 24 | 6.5% | -2.8% | ||
| Q3 24 | 4.7% | -3.6% | ||
| Q2 24 | 4.0% | -3.8% | ||
| Q1 24 | 6.0% | -9.4% |
每股收益（稀释后）AVNTNET
| Q4 25 | $0.18 | $-0.03 | ||
| Q3 25 | $0.36 | $0.00 | ||
| Q2 25 | $0.57 | $-0.15 | ||
| Q1 25 | $-0.22 | $-0.11 | ||
| Q4 24 | $0.53 | $-0.05 | ||
| Q3 24 | $0.41 | $-0.04 | ||
| Q2 24 | $0.36 | $-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 | — | $943.5M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $2.4B | $1.5B |
| 总资产 | $6.0B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资AVNTNET
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
总债务AVNTNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益AVNTNET
| Q4 25 | $2.4B | $1.5B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.4B | $973.1M | ||
| Q2 24 | $2.3B | $881.5M | ||
| Q1 24 | $2.3B | $797.2M |
总资产AVNTNET
| Q4 25 | $6.0B | $6.0B | ||
| Q3 25 | $6.1B | $5.8B | ||
| Q2 25 | $6.1B | $5.6B | ||
| Q1 25 | $5.8B | $3.7B | ||
| Q4 24 | $5.8B | $3.3B | ||
| Q3 24 | $6.0B | $3.1B | ||
| Q2 24 | $5.9B | $2.9B | ||
| Q1 24 | $5.9B | $2.8B |
负债/权益比AVNTNET
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.90× | — |
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 | $167.8M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $125.4M | $105.2M |
| 自由现金流率自由现金流/营收 | 16.5% | 17.1% |
| 资本支出强度资本支出/营收 | 5.6% | 13.9% |
| 现金转化率经营现金流/净利润 | 9.93× | — |
| 过去12个月自由现金流最近4个季度 | $195.0M | $287.5M |
8季度趋势，按日历期对齐
经营现金流AVNTNET
| Q4 25 | $167.8M | $190.4M | ||
| Q3 25 | $72.1M | $167.1M | ||
| Q2 25 | $112.8M | $99.8M | ||
| Q1 25 | $-51.1M | $145.8M | ||
| Q4 24 | $122.6M | $127.3M | ||
| Q3 24 | $71.1M | $104.7M | ||
| Q2 24 | $105.9M | $74.8M | ||
| Q1 24 | $-42.8M | $73.6M |
自由现金流AVNTNET
| Q4 25 | $125.4M | $105.2M | ||
| Q3 25 | $47.4M | $82.5M | ||
| Q2 25 | $85.8M | $39.9M | ||
| Q1 25 | $-63.6M | $59.9M | ||
| Q4 24 | $81.5M | $54.2M | ||
| Q3 24 | $46.1M | $54.5M | ||
| Q2 24 | $74.5M | $45.2M | ||
| Q1 24 | $-67.2M | $41.5M |
自由现金流率AVNTNET
| Q4 25 | 16.5% | 17.1% | ||
| Q3 25 | 5.9% | 14.7% | ||
| Q2 25 | 9.9% | 7.8% | ||
| Q1 25 | -7.7% | 12.5% | ||
| Q4 24 | 10.9% | 11.8% | ||
| Q3 24 | 5.7% | 12.7% | ||
| Q2 24 | 8.8% | 11.3% | ||
| Q1 24 | -8.1% | 11.0% |
资本支出强度AVNTNET
| Q4 25 | 5.6% | 13.9% | ||
| Q3 25 | 3.1% | 15.1% | ||
| Q2 25 | 3.1% | 11.7% | ||
| Q1 25 | 1.5% | 17.9% | ||
| Q4 24 | 5.5% | 15.9% | ||
| Q3 24 | 3.1% | 11.7% | ||
| Q2 24 | 3.7% | 7.4% | ||
| Q1 24 | 2.9% | 8.5% |
现金转化率AVNTNET
| Q4 25 | 9.93× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.14× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.54× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 3.15× | — | ||
| Q1 24 | -0.87× | — |
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
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
