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Blue Bird Corp（BLBD）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Blue Bird Corp的1.8倍（$614.5M vs $333.1M），Blue Bird Corp净利率更高（9.2% vs -2.0%，领先11.2%），Cloudflare, Inc.同比增速更快（33.6% vs 6.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $31.1M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -1.9%）
蓝鸟公司是美国知名客车制造企业，总部位于佐治亚州福特瓦利，主打产品为校车，同时业务覆盖多种客车类型的生产，包括城市公交、旅居房车，以及移动图书馆、流动警务指挥中心等特种车辆。
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。
BLBD vs NET — 直观对比
营收规模更大
NET
是对方的1.8倍
$333.1M
营收增速更快
NET
高出27.5%
6.1%
净利率更高
BLBD
高出11.2%
-2.0%
自由现金流更多
NET
多$74.1M
$31.1M
两年增速更快
NET
近两年复合增速
-1.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $333.1M | $614.5M |
| 净利润 | $30.8M | $-12.1M |
| 毛利率 | 21.4% | 73.6% |
| 营业利润率 | 11.3% | -8.0% |
| 净利率 | 9.2% | -2.0% |
| 营收同比 | 6.1% | 33.6% |
| 净利润同比 | 7.1% | 6.0% |
| 每股收益（稀释后） | $0.94 | $-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BLBDNET
| Q4 25 | $333.1M | $614.5M | ||
| Q3 25 | $409.4M | $562.0M | ||
| Q2 25 | $398.0M | $512.3M | ||
| Q1 25 | $358.9M | $479.1M | ||
| Q4 24 | $313.9M | $459.9M | ||
| Q3 24 | $350.2M | $430.1M | ||
| Q2 24 | $333.4M | $401.0M | ||
| Q1 24 | $345.9M | $378.6M |
净利润BLBDNET
| Q4 25 | $30.8M | $-12.1M | ||
| Q3 25 | $36.5M | $-1.3M | ||
| Q2 25 | $36.5M | $-50.4M | ||
| Q1 25 | $26.0M | $-38.5M | ||
| Q4 24 | $28.7M | $-12.8M | ||
| Q3 24 | $24.7M | $-15.3M | ||
| Q2 24 | $28.7M | $-15.1M | ||
| Q1 24 | $26.0M | $-35.5M |
毛利率BLBDNET
| Q4 25 | 21.4% | 73.6% | ||
| Q3 25 | 21.1% | 74.0% | ||
| Q2 25 | 21.6% | 74.9% | ||
| Q1 25 | 19.7% | 75.9% | ||
| Q4 24 | 19.2% | 76.4% | ||
| Q3 24 | 17.0% | 77.7% | ||
| Q2 24 | 20.8% | 77.8% | ||
| Q1 24 | 18.4% | 77.5% |
营业利润率BLBDNET
| Q4 25 | 11.3% | -8.0% | ||
| Q3 25 | 12.3% | -6.7% | ||
| Q2 25 | 12.6% | -13.1% | ||
| Q1 25 | 9.4% | -11.1% | ||
| Q4 24 | 10.5% | -7.5% | ||
| Q3 24 | 7.3% | -7.2% | ||
| Q2 24 | 11.9% | -8.7% | ||
| Q1 24 | 10.4% | -14.4% |
净利率BLBDNET
| Q4 25 | 9.2% | -2.0% | ||
| Q3 25 | 8.9% | -0.2% | ||
| Q2 25 | 9.2% | -9.8% | ||
| Q1 25 | 7.3% | -8.0% | ||
| Q4 24 | 9.2% | -2.8% | ||
| Q3 24 | 7.0% | -3.6% | ||
| Q2 24 | 8.6% | -3.8% | ||
| Q1 24 | 7.5% | -9.4% |
每股收益（稀释后）BLBDNET
| Q4 25 | $0.94 | $-0.03 | ||
| Q3 25 | $1.11 | $0.00 | ||
| Q2 25 | $1.12 | $-0.15 | ||
| Q1 25 | $0.79 | $-0.11 | ||
| Q4 24 | $0.86 | $-0.05 | ||
| Q3 24 | $0.71 | $-0.04 | ||
| Q2 24 | $0.85 | $-0.04 | ||
| Q1 24 | $0.79 | $-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 | $241.7M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $271.4M | $1.5B |
| 总资产 | $642.3M | $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BLBDNET
| Q4 25 | $241.7M | $943.5M | ||
| Q3 25 | $229.3M | $1.1B | ||
| Q2 25 | $173.1M | $1.5B | ||
| Q1 25 | $130.7M | $204.5M | ||
| Q4 24 | $136.1M | $147.7M | ||
| Q3 24 | $127.7M | $182.9M | ||
| Q2 24 | $88.4M | $157.0M | ||
| Q1 24 | $93.1M | $254.4M |
股东权益BLBDNET
| Q4 25 | $271.4M | $1.5B | ||
| Q3 25 | $255.4M | $1.3B | ||
| Q2 25 | $221.8M | $1.2B | ||
| Q1 25 | $190.4M | $1.4B | ||
| Q4 24 | $179.7M | $1.0B | ||
| Q3 24 | $159.6M | $973.1M | ||
| Q2 24 | $137.3M | $881.5M | ||
| Q1 24 | $105.8M | $797.2M |
总资产BLBDNET
| Q4 25 | $642.3M | $6.0B | ||
| Q3 25 | $625.3M | $5.8B | ||
| Q2 25 | $575.5M | $5.6B | ||
| Q1 25 | $543.7M | $3.7B | ||
| Q4 24 | $535.2M | $3.3B | ||
| Q3 24 | $524.9M | $3.1B | ||
| Q2 24 | $468.1M | $2.9B | ||
| Q1 24 | $456.5M | $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 | $36.6M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $105.2M |
| 自由现金流率自由现金流/营收 | 9.3% | 17.1% |
| 资本支出强度资本支出/营收 | 1.6% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | $162.6M | $287.5M |
8季度趋势，按日历期对齐
经营现金流BLBDNET
| Q4 25 | $36.6M | $190.4M | ||
| Q3 25 | $65.1M | $167.1M | ||
| Q2 25 | $56.9M | $99.8M | ||
| Q1 25 | $27.8M | $145.8M | ||
| Q4 24 | $26.4M | $127.3M | ||
| Q3 24 | $55.4M | $104.7M | ||
| Q2 24 | $989.0K | $74.8M | ||
| Q1 24 | $54.6M | $73.6M |
自由现金流BLBDNET
| Q4 25 | $31.1M | $105.2M | ||
| Q3 25 | $60.5M | $82.5M | ||
| Q2 25 | $52.3M | $39.9M | ||
| Q1 25 | $18.7M | $59.9M | ||
| Q4 24 | $21.8M | $54.2M | ||
| Q3 24 | $50.2M | $54.5M | ||
| Q2 24 | $-3.5M | $45.2M | ||
| Q1 24 | $51.8M | $41.5M |
自由现金流率BLBDNET
| Q4 25 | 9.3% | 17.1% | ||
| Q3 25 | 14.8% | 14.7% | ||
| Q2 25 | 13.1% | 7.8% | ||
| Q1 25 | 5.2% | 12.5% | ||
| Q4 24 | 7.0% | 11.8% | ||
| Q3 24 | 14.3% | 12.7% | ||
| Q2 24 | -1.1% | 11.3% | ||
| Q1 24 | 15.0% | 11.0% |
资本支出强度BLBDNET
| Q4 25 | 1.6% | 13.9% | ||
| Q3 25 | 1.1% | 15.1% | ||
| Q2 25 | 1.2% | 11.7% | ||
| Q1 25 | 2.5% | 17.9% | ||
| Q4 24 | 1.5% | 15.9% | ||
| Q3 24 | 1.5% | 11.7% | ||
| Q2 24 | 1.3% | 7.4% | ||
| Q1 24 | 0.8% | 8.5% |
现金转化率BLBDNET
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.56× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 2.10× | — |
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
BLBD
| Alternative Fuel Buses | $151.4M | 45% |
| Diesel Buses | $144.9M | 43% |
| Parts | $24.8M | 7% |
| Other | $12.1M | 4% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
