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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
BRIGHT HORIZONS FAMILY SOLUTIONS INC.的季度营收约是Cloudflare, Inc.的1.2倍（$733.7M vs $614.5M），Cloudflare, Inc.同比增速更快（33.6% vs 8.8%），BRIGHT HORIZONS FAMILY SOLUTIONS INC.自由现金流更多（$258.5M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 8.5%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
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。
BFAM vs NET — 直观对比
营收规模更大
BFAM
是对方的1.2倍
$614.5M
营收增速更快
NET
高出24.8%
8.8%
自由现金流更多
BFAM
多$153.3M
$105.2M
两年增速更快
NET
近两年复合增速
8.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $614.5M |
| 净利润 | — | $-12.1M |
| 毛利率 | 19.3% | 73.6% |
| 营业利润率 | 6.2% | -8.0% |
| 净利率 | — | -2.0% |
| 营收同比 | 8.8% | 33.6% |
| 净利润同比 | — | 6.0% |
| 每股收益（稀释后） | $0.38 | $-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BFAMNET
| Q4 25 | $733.7M | $614.5M | ||
| Q3 25 | $802.8M | $562.0M | ||
| Q2 25 | $731.6M | $512.3M | ||
| Q1 25 | $665.5M | $479.1M | ||
| Q4 24 | $674.1M | $459.9M | ||
| Q3 24 | $719.1M | $430.1M | ||
| Q2 24 | $670.1M | $401.0M | ||
| Q1 24 | $622.7M | $378.6M |
净利润BFAMNET
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $78.6M | $-1.3M | ||
| Q2 25 | $54.8M | $-50.4M | ||
| Q1 25 | $38.0M | $-38.5M | ||
| Q4 24 | — | $-12.8M | ||
| Q3 24 | $54.9M | $-15.3M | ||
| Q2 24 | $39.2M | $-15.1M | ||
| Q1 24 | $17.0M | $-35.5M |
毛利率BFAMNET
| Q4 25 | 19.3% | 73.6% | ||
| Q3 25 | 27.0% | 74.0% | ||
| Q2 25 | 25.0% | 74.9% | ||
| Q1 25 | 23.4% | 75.9% | ||
| Q4 24 | 20.8% | 76.4% | ||
| Q3 24 | 25.2% | 77.7% | ||
| Q2 24 | 24.2% | 77.8% | ||
| Q1 24 | 21.7% | 77.5% |
营业利润率BFAMNET
| Q4 25 | 6.2% | -8.0% | ||
| Q3 25 | 15.1% | -6.7% | ||
| Q2 25 | 11.8% | -13.1% | ||
| Q1 25 | 9.4% | -11.1% | ||
| Q4 24 | 7.2% | -7.5% | ||
| Q3 24 | 12.4% | -7.2% | ||
| Q2 24 | 10.3% | -8.7% | ||
| Q1 24 | 6.4% | -14.4% |
净利率BFAMNET
| Q4 25 | — | -2.0% | ||
| Q3 25 | 9.8% | -0.2% | ||
| Q2 25 | 7.5% | -9.8% | ||
| Q1 25 | 5.7% | -8.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | 7.6% | -3.6% | ||
| Q2 24 | 5.8% | -3.8% | ||
| Q1 24 | 2.7% | -9.4% |
每股收益（稀释后）BFAMNET
| Q4 25 | $0.38 | $-0.03 | ||
| Q3 25 | $1.37 | $0.00 | ||
| Q2 25 | $0.95 | $-0.15 | ||
| Q1 25 | $0.66 | $-0.11 | ||
| Q4 24 | $0.50 | $-0.05 | ||
| Q3 24 | $0.94 | $-0.04 | ||
| Q2 24 | $0.67 | $-0.04 | ||
| Q1 24 | $0.29 | $-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 | $140.1M | $943.5M |
| 总债务越低越好 | $747.6M | — |
| 股东权益账面价值 | $1.3B | $1.5B |
| 总资产 | $3.9B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资BFAMNET
| Q4 25 | $140.1M | $943.5M | ||
| Q3 25 | $116.6M | $1.1B | ||
| Q2 25 | $179.2M | $1.5B | ||
| Q1 25 | $112.0M | $204.5M | ||
| Q4 24 | $110.3M | $147.7M | ||
| Q3 24 | $109.9M | $182.9M | ||
| Q2 24 | $140.2M | $157.0M | ||
| Q1 24 | $63.7M | $254.4M |
总债务BFAMNET
| Q4 25 | $747.6M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $797.0M | — | ||
| Q1 25 | $872.7M | — | ||
| Q4 24 | $918.4M | — | ||
| Q3 24 | $925.7M | — | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | — |
股东权益BFAMNET
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.4B | $973.1M | ||
| Q2 24 | $1.3B | $881.5M | ||
| Q1 24 | $1.2B | $797.2M |
总资产BFAMNET
| Q4 25 | $3.9B | $6.0B | ||
| Q3 25 | $3.9B | $5.8B | ||
| Q2 25 | $3.9B | $5.6B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $3.9B | $3.3B | ||
| Q3 24 | $3.9B | $3.1B | ||
| Q2 24 | $3.8B | $2.9B | ||
| Q1 24 | $3.8B | $2.8B |
负债/权益比BFAMNET
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
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 | $350.7M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $105.2M |
| 自由现金流率自由现金流/营收 | 35.2% | 17.1% |
| 资本支出强度资本支出/营收 | 12.6% | 13.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $402.4M | $287.5M |
8季度趋势，按日历期对齐
经营现金流BFAMNET
| Q4 25 | $350.7M | $190.4M | ||
| Q3 25 | $-17.6M | $167.1M | ||
| Q2 25 | $134.2M | $99.8M | ||
| Q1 25 | $86.2M | $145.8M | ||
| Q4 24 | $337.5M | $127.3M | ||
| Q3 24 | $-8.9M | $104.7M | ||
| Q2 24 | $109.4M | $74.8M | ||
| Q1 24 | $116.3M | $73.6M |
自由现金流BFAMNET
| Q4 25 | $258.5M | $105.2M | ||
| Q3 25 | $-42.4M | $82.5M | ||
| Q2 25 | $115.4M | $39.9M | ||
| Q1 25 | $70.9M | $59.9M | ||
| Q4 24 | $240.2M | $54.2M | ||
| Q3 24 | $-32.2M | $54.5M | ||
| Q2 24 | $86.8M | $45.2M | ||
| Q1 24 | $96.9M | $41.5M |
自由现金流率BFAMNET
| Q4 25 | 35.2% | 17.1% | ||
| Q3 25 | -5.3% | 14.7% | ||
| Q2 25 | 15.8% | 7.8% | ||
| Q1 25 | 10.7% | 12.5% | ||
| Q4 24 | 35.6% | 11.8% | ||
| Q3 24 | -4.5% | 12.7% | ||
| Q2 24 | 13.0% | 11.3% | ||
| Q1 24 | 15.6% | 11.0% |
资本支出强度BFAMNET
| Q4 25 | 12.6% | 13.9% | ||
| Q3 25 | 3.1% | 15.1% | ||
| Q2 25 | 2.6% | 11.7% | ||
| Q1 25 | 2.3% | 17.9% | ||
| Q4 24 | 14.4% | 15.9% | ||
| Q3 24 | 3.2% | 11.7% | ||
| Q2 24 | 3.4% | 7.4% | ||
| Q1 24 | 3.1% | 8.5% |
现金转化率BFAMNET
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | — | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | — |
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
BFAM
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
