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Axos Financial, Inc.（AX）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Axos Financial, Inc.的1.6倍（$614.5M vs $385.1M），Axos Financial, Inc.净利率更高（33.3% vs -2.0%，领先35.3%），Cloudflare, Inc.同比增速更快（33.6% vs 25.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $85.4M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 14.3%）
Axos Financial是总部位于美国内华达州拉斯维加斯的银行控股公司，旗下拥有直销银行Axos Bank，同时提供注册投资顾问服务及电子交易平台，深耕数字化金融赛道，可为用户提供多元便捷的金融服务解决方案。
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。
AX vs NET — 直观对比
营收规模更大
NET
是对方的1.6倍
$385.1M
营收增速更快
NET
高出8.5%
25.1%
净利率更高
AX
高出35.3%
-2.0%
自由现金流更多
NET
多$19.8M
$85.4M
两年增速更快
NET
近两年复合增速
14.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $385.1M | $614.5M |
| 净利润 | $128.4M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 45.6% | -8.0% |
| 净利率 | 33.3% | -2.0% |
| 营收同比 | 25.1% | 33.6% |
| 净利润同比 | 22.6% | 6.0% |
| 每股收益（稀释后） | $2.22 | $-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AXNET
| Q4 25 | $385.1M | $614.5M | ||
| Q3 25 | $323.4M | $562.0M | ||
| Q2 25 | $321.4M | $512.3M | ||
| Q1 25 | $308.8M | $479.1M | ||
| Q4 24 | $307.9M | $459.9M | ||
| Q3 24 | $320.7M | $430.1M | ||
| Q2 24 | $290.9M | $401.0M | ||
| Q1 24 | $294.8M | $378.6M |
净利润AXNET
| Q4 25 | $128.4M | $-12.1M | ||
| Q3 25 | $112.4M | $-1.3M | ||
| Q2 25 | $110.7M | $-50.4M | ||
| Q1 25 | $105.2M | $-38.5M | ||
| Q4 24 | $104.7M | $-12.8M | ||
| Q3 24 | $112.3M | $-15.3M | ||
| Q2 24 | $104.9M | $-15.1M | ||
| Q1 24 | $110.7M | $-35.5M |
毛利率AXNET
| 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AXNET
| Q4 25 | 45.6% | -8.0% | ||
| Q3 25 | 46.3% | -6.7% | ||
| Q2 25 | 48.5% | -13.1% | ||
| Q1 25 | 47.9% | -11.1% | ||
| Q4 24 | 48.8% | -7.5% | ||
| Q3 24 | 49.6% | -7.2% | ||
| Q2 24 | 49.6% | -8.7% | ||
| Q1 24 | 52.8% | -14.4% |
净利率AXNET
| Q4 25 | 33.3% | -2.0% | ||
| Q3 25 | 34.7% | -0.2% | ||
| Q2 25 | 34.4% | -9.8% | ||
| Q1 25 | 34.1% | -8.0% | ||
| Q4 24 | 34.0% | -2.8% | ||
| Q3 24 | 35.0% | -3.6% | ||
| Q2 24 | 36.0% | -3.8% | ||
| Q1 24 | 37.6% | -9.4% |
每股收益（稀释后）AXNET
| Q4 25 | $2.22 | $-0.03 | ||
| Q3 25 | $1.94 | $0.00 | ||
| Q2 25 | $1.89 | $-0.15 | ||
| Q1 25 | $1.81 | $-0.11 | ||
| Q4 24 | $1.80 | $-0.05 | ||
| Q3 24 | $1.93 | $-0.04 | ||
| Q2 24 | $1.75 | $-0.04 | ||
| Q1 24 | $1.91 | $-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 | $1.0B | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $1.5B |
| 总资产 | $28.2B | $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AXNET
| Q4 25 | $1.0B | $943.5M | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $2.0B | $204.5M | ||
| Q4 24 | $2.4B | $147.7M | ||
| Q3 24 | $2.6B | $182.9M | ||
| Q2 24 | $2.0B | $157.0M | ||
| Q1 24 | $2.1B | $254.4M |
总债务AXNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — | ||
| Q1 24 | $330.4M | — |
股东权益AXNET
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.8B | $1.3B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.4B | $973.1M | ||
| Q2 24 | $2.3B | $881.5M | ||
| Q1 24 | $2.2B | $797.2M |
总资产AXNET
| Q4 25 | $28.2B | $6.0B | ||
| Q3 25 | $27.4B | $5.8B | ||
| Q2 25 | $24.8B | $5.6B | ||
| Q1 25 | $24.0B | $3.7B | ||
| Q4 24 | $23.7B | $3.3B | ||
| Q3 24 | $23.6B | $3.1B | ||
| Q2 24 | $22.9B | $2.9B | ||
| Q1 24 | $22.6B | $2.8B |
负债/权益比AXNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.15× | — |
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 | $104.1M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $85.4M | $105.2M |
| 自由现金流率自由现金流/营收 | 22.2% | 17.1% |
| 资本支出强度资本支出/营收 | 4.9% | 13.9% |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | $695.9M | $287.5M |
8季度趋势，按日历期对齐
经营现金流AXNET
| Q4 25 | $104.1M | $190.4M | ||
| Q3 25 | $118.4M | $167.1M | ||
| Q2 25 | $490.3M | $99.8M | ||
| Q1 25 | $73.7M | $145.8M | ||
| Q4 24 | $162.5M | $127.3M | ||
| Q3 24 | $70.8M | $104.7M | ||
| Q2 24 | $305.5M | $74.8M | ||
| Q1 24 | $115.8M | $73.6M |
自由现金流AXNET
| Q4 25 | $85.4M | $105.2M | ||
| Q3 25 | $109.3M | $82.5M | ||
| Q2 25 | $436.1M | $39.9M | ||
| Q1 25 | $65.1M | $59.9M | ||
| Q4 24 | $156.4M | $54.2M | ||
| Q3 24 | $53.0M | $54.5M | ||
| Q2 24 | $269.5M | $45.2M | ||
| Q1 24 | $107.3M | $41.5M |
自由现金流率AXNET
| Q4 25 | 22.2% | 17.1% | ||
| Q3 25 | 33.8% | 14.7% | ||
| Q2 25 | 135.7% | 7.8% | ||
| Q1 25 | 21.1% | 12.5% | ||
| Q4 24 | 50.8% | 11.8% | ||
| Q3 24 | 16.5% | 12.7% | ||
| Q2 24 | 92.6% | 11.3% | ||
| Q1 24 | 36.4% | 11.0% |
资本支出强度AXNET
| Q4 25 | 4.9% | 13.9% | ||
| Q3 25 | 2.8% | 15.1% | ||
| Q2 25 | 16.9% | 11.7% | ||
| Q1 25 | 2.8% | 17.9% | ||
| Q4 24 | 2.0% | 15.9% | ||
| Q3 24 | 5.5% | 11.7% | ||
| Q2 24 | 12.4% | 7.4% | ||
| Q1 24 | 2.9% | 8.5% |
现金转化率AXNET
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 2.91× | — | ||
| Q1 24 | 1.05× | — |
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
AX
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
