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BARRETT BUSINESS SERVICES INC（BBSI）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BARRETT BUSINESS SERVICES INC的1.9倍（$614.5M vs $321.1M），BARRETT BUSINESS SERVICES INC净利率更高（5.1% vs -2.0%，领先7.1%），Cloudflare, Inc.同比增速更快（33.6% vs 5.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $70.6M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 9.9%）
巴雷特枪械制造公司是一家由澳大利亚控股的美国枪械弹药制造商，总部位于田纳西州克里斯蒂安娜。公司由罗尼·G·巴雷特于1982年创立，最初的业务是研发适配.50 BMG弹药的半自动步枪，该弹药原本为勃朗宁M2重机枪研发设计，公司推出的首款成品枪械即为M82狙击步枪。
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。
BBSI vs NET — 直观对比
营收规模更大
NET
是对方的1.9倍
$321.1M
营收增速更快
NET
高出28.3%
5.3%
净利率更高
BBSI
高出7.1%
-2.0%
自由现金流更多
NET
多$34.6M
$70.6M
两年增速更快
NET
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $321.1M | $614.5M |
| 净利润 | $16.4M | $-12.1M |
| 毛利率 | 21.3% | 73.6% |
| 营业利润率 | 5.8% | -8.0% |
| 净利率 | 5.1% | -2.0% |
| 营收同比 | 5.3% | 33.6% |
| 净利润同比 | -2.4% | 6.0% |
| 每股收益（稀释后） | $0.63 | $-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BBSINET
| Q4 25 | $321.1M | $614.5M | ||
| Q3 25 | $318.9M | $562.0M | ||
| Q2 25 | $307.7M | $512.3M | ||
| Q1 25 | $292.6M | $479.1M | ||
| Q4 24 | $304.8M | $459.9M | ||
| Q3 24 | $294.3M | $430.1M | ||
| Q2 24 | $279.7M | $401.0M | ||
| Q1 24 | $265.8M | $378.6M |
净利润BBSINET
| Q4 25 | $16.4M | $-12.1M | ||
| Q3 25 | $20.6M | $-1.3M | ||
| Q2 25 | $18.5M | $-50.4M | ||
| Q1 25 | $-1.0M | $-38.5M | ||
| Q4 24 | $16.8M | $-12.8M | ||
| Q3 24 | $19.6M | $-15.3M | ||
| Q2 24 | $16.7M | $-15.1M | ||
| Q1 24 | $-136.0K | $-35.5M |
毛利率BBSINET
| Q4 25 | 21.3% | 73.6% | ||
| Q3 25 | 24.1% | 74.0% | ||
| Q2 25 | 23.8% | 74.9% | ||
| Q1 25 | 14.6% | 75.9% | ||
| Q4 24 | 23.4% | 76.4% | ||
| Q3 24 | 25.3% | 77.7% | ||
| Q2 24 | 24.3% | 77.8% | ||
| Q1 24 | 14.9% | 77.5% |
营业利润率BBSINET
| Q4 25 | 5.8% | -8.0% | ||
| Q3 25 | 7.8% | -6.7% | ||
| Q2 25 | 7.5% | -13.1% | ||
| Q1 25 | -1.4% | -11.1% | ||
| Q4 24 | 6.8% | -7.5% | ||
| Q3 24 | 8.0% | -7.2% | ||
| Q2 24 | 7.3% | -8.7% | ||
| Q1 24 | -1.8% | -14.4% |
净利率BBSINET
| Q4 25 | 5.1% | -2.0% | ||
| Q3 25 | 6.5% | -0.2% | ||
| Q2 25 | 6.0% | -9.8% | ||
| Q1 25 | -0.3% | -8.0% | ||
| Q4 24 | 5.5% | -2.8% | ||
| Q3 24 | 6.7% | -3.6% | ||
| Q2 24 | 6.0% | -3.8% | ||
| Q1 24 | -0.1% | -9.4% |
每股收益（稀释后）BBSINET
| Q4 25 | $0.63 | $-0.03 | ||
| Q3 25 | $0.79 | $0.00 | ||
| Q2 25 | $0.70 | $-0.15 | ||
| Q1 25 | $-0.04 | $-0.11 | ||
| Q4 24 | $0.63 | $-0.05 | ||
| Q3 24 | $0.74 | $-0.04 | ||
| Q2 24 | $0.62 | $-0.04 | ||
| Q1 24 | $-0.01 | $-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 | $157.2M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $241.0M | $1.5B |
| 总资产 | $779.1M | $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BBSINET
| Q4 25 | $157.2M | $943.5M | ||
| Q3 25 | $109.8M | $1.1B | ||
| Q2 25 | $90.4M | $1.5B | ||
| Q1 25 | $99.1M | $204.5M | ||
| Q4 24 | $121.9M | $147.7M | ||
| Q3 24 | $14.4M | $182.9M | ||
| Q2 24 | $40.3M | $157.0M | ||
| Q1 24 | $51.3M | $254.4M |
股东权益BBSINET
| Q4 25 | $241.0M | $1.5B | ||
| Q3 25 | $240.1M | $1.3B | ||
| Q2 25 | $225.8M | $1.2B | ||
| Q1 25 | $213.4M | $1.4B | ||
| Q4 24 | $221.4M | $1.0B | ||
| Q3 24 | $215.4M | $973.1M | ||
| Q2 24 | $199.0M | $881.5M | ||
| Q1 24 | $189.6M | $797.2M |
总资产BBSINET
| Q4 25 | $779.1M | $6.0B | ||
| Q3 25 | $777.9M | $5.8B | ||
| Q2 25 | $713.6M | $5.6B | ||
| Q1 25 | $778.6M | $3.7B | ||
| Q4 24 | $745.5M | $3.3B | ||
| Q3 24 | $725.8M | $3.1B | ||
| Q2 24 | $688.6M | $2.9B | ||
| Q1 24 | $747.8M | $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 | $76.1M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $70.6M | $105.2M |
| 自由现金流率自由现金流/营收 | 22.0% | 17.1% |
| 资本支出强度资本支出/营收 | 1.7% | 13.9% |
| 现金转化率经营现金流/净利润 | 4.64× | — |
| 过去12个月自由现金流最近4个季度 | $47.2M | $287.5M |
8季度趋势，按日历期对齐
经营现金流BBSINET
| Q4 25 | $76.1M | $190.4M | ||
| Q3 25 | $38.4M | $167.1M | ||
| Q2 25 | $-53.8M | $99.8M | ||
| Q1 25 | $5.2M | $145.8M | ||
| Q4 24 | $53.4M | $127.3M | ||
| Q3 24 | $-935.0K | $104.7M | ||
| Q2 24 | $-51.3M | $74.8M | ||
| Q1 24 | $9.0M | $73.6M |
自由现金流BBSINET
| Q4 25 | $70.6M | $105.2M | ||
| Q3 25 | $34.1M | $82.5M | ||
| Q2 25 | $-58.2M | $39.9M | ||
| Q1 25 | $697.0K | $59.9M | ||
| Q4 24 | $50.2M | $54.2M | ||
| Q3 24 | $-4.2M | $54.5M | ||
| Q2 24 | $-56.3M | $45.2M | ||
| Q1 24 | $6.2M | $41.5M |
自由现金流率BBSINET
| Q4 25 | 22.0% | 17.1% | ||
| Q3 25 | 10.7% | 14.7% | ||
| Q2 25 | -18.9% | 7.8% | ||
| Q1 25 | 0.2% | 12.5% | ||
| Q4 24 | 16.5% | 11.8% | ||
| Q3 24 | -1.4% | 12.7% | ||
| Q2 24 | -20.1% | 11.3% | ||
| Q1 24 | 2.3% | 11.0% |
资本支出强度BBSINET
| Q4 25 | 1.7% | 13.9% | ||
| Q3 25 | 1.4% | 15.1% | ||
| Q2 25 | 1.4% | 11.7% | ||
| Q1 25 | 1.5% | 17.9% | ||
| Q4 24 | 1.0% | 15.9% | ||
| Q3 24 | 1.1% | 11.7% | ||
| Q2 24 | 1.8% | 7.4% | ||
| Q1 24 | 1.0% | 8.5% |
现金转化率BBSINET
| Q4 25 | 4.64× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | -2.92× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | -0.05× | — | ||
| Q2 24 | -3.07× | — | ||
| Q1 24 | — | — |
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
BBSI
| Professional Employer Services | $303.6M | 95% |
| Staffing Services | $17.6M | 5% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
