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BELLRING BRANDS, INC.（BRBR）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BELLRING BRANDS, INC.的1.1倍（$614.5M vs $537.3M），BELLRING BRANDS, INC.净利率更高（8.1% vs -2.0%，领先10.1%），Cloudflare, Inc.同比增速更快（33.6% vs 0.8%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-7.3M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 4.2%）
Bellring Brands是一家知名营养食品企业，研发、生产及销售蛋白饮料、蛋白棒、蛋白粉等功能性营养产品，旗下拥有Premier Protein、Dymatize等知名品牌，主要面向北美市场的健康及运动爱好者，通过零售、电商等多渠道发售。
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。
BRBR vs NET — 直观对比
营收规模更大
NET
是对方的1.1倍
$537.3M
营收增速更快
NET
高出32.8%
0.8%
净利率更高
BRBR
高出10.1%
-2.0%
自由现金流更多
NET
多$112.5M
$-7.3M
两年增速更快
NET
近两年复合增速
4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $537.3M | $614.5M |
| 净利润 | $43.7M | $-12.1M |
| 毛利率 | 29.9% | 73.6% |
| 营业利润率 | 14.6% | -8.0% |
| 净利率 | 8.1% | -2.0% |
| 营收同比 | 0.8% | 33.6% |
| 净利润同比 | -43.2% | 6.0% |
| 每股收益（稀释后） | $0.36 | $-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BRBRNET
| Q4 25 | $537.3M | $614.5M | ||
| Q3 25 | $648.2M | $562.0M | ||
| Q2 25 | $547.5M | $512.3M | ||
| Q1 25 | $588.0M | $479.1M | ||
| Q4 24 | $532.9M | $459.9M | ||
| Q3 24 | $555.8M | $430.1M | ||
| Q2 24 | $515.4M | $401.0M | ||
| Q1 24 | $494.6M | $378.6M |
净利润BRBRNET
| Q4 25 | $43.7M | $-12.1M | ||
| Q3 25 | $59.6M | $-1.3M | ||
| Q2 25 | $21.0M | $-50.4M | ||
| Q1 25 | $58.7M | $-38.5M | ||
| Q4 24 | $76.9M | $-12.8M | ||
| Q3 24 | $71.7M | $-15.3M | ||
| Q2 24 | $73.7M | $-15.1M | ||
| Q1 24 | $57.2M | $-35.5M |
毛利率BRBRNET
| Q4 25 | 29.9% | 73.6% | ||
| Q3 25 | 28.9% | 74.0% | ||
| Q2 25 | 35.4% | 74.9% | ||
| Q1 25 | 32.3% | 75.9% | ||
| Q4 24 | 37.5% | 76.4% | ||
| Q3 24 | 36.9% | 77.7% | ||
| Q2 24 | 36.8% | 77.8% | ||
| Q1 24 | 33.2% | 77.5% |
营业利润率BRBRNET
| Q4 25 | 14.6% | -8.0% | ||
| Q3 25 | 15.8% | -6.7% | ||
| Q2 25 | 8.2% | -13.1% | ||
| Q1 25 | 16.2% | -11.1% | ||
| Q4 24 | 21.6% | -7.5% | ||
| Q3 24 | 20.2% | -7.2% | ||
| Q2 24 | 21.7% | -8.7% | ||
| Q1 24 | 18.4% | -14.4% |
净利率BRBRNET
| Q4 25 | 8.1% | -2.0% | ||
| Q3 25 | 9.2% | -0.2% | ||
| Q2 25 | 3.8% | -9.8% | ||
| Q1 25 | 10.0% | -8.0% | ||
| Q4 24 | 14.4% | -2.8% | ||
| Q3 24 | 12.9% | -3.6% | ||
| Q2 24 | 14.3% | -3.8% | ||
| Q1 24 | 11.6% | -9.4% |
每股收益（稀释后）BRBRNET
| Q4 25 | $0.36 | $-0.03 | ||
| Q3 25 | $0.48 | $0.00 | ||
| Q2 25 | $0.16 | $-0.15 | ||
| Q1 25 | $0.45 | $-0.11 | ||
| Q4 24 | $0.59 | $-0.05 | ||
| Q3 24 | $0.54 | $-0.04 | ||
| Q2 24 | $0.56 | $-0.04 | ||
| Q1 24 | $0.43 | $-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 | $64.1M | $943.5M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $-510.7M | $1.5B |
| 总资产 | $1.1B | $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BRBRNET
| Q4 25 | $64.1M | $943.5M | ||
| Q3 25 | $71.8M | $1.1B | ||
| Q2 25 | $43.7M | $1.5B | ||
| Q1 25 | $28.1M | $204.5M | ||
| Q4 24 | $49.6M | $147.7M | ||
| Q3 24 | $70.8M | $182.9M | ||
| Q2 24 | $72.6M | $157.0M | ||
| Q1 24 | $79.3M | $254.4M |
总债务BRBRNET
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $953.7M | — | ||
| Q4 24 | $833.4M | — | ||
| Q3 24 | $833.1M | — | ||
| Q2 24 | $832.7M | — | ||
| Q1 24 | $832.4M | — |
股东权益BRBRNET
| Q4 25 | $-510.7M | $1.5B | ||
| Q3 25 | $-453.9M | $1.3B | ||
| Q2 25 | $-309.9M | $1.2B | ||
| Q1 25 | $-254.1M | $1.4B | ||
| Q4 24 | $-146.6M | $1.0B | ||
| Q3 24 | $-205.9M | $973.1M | ||
| Q2 24 | $-243.2M | $881.5M | ||
| Q1 24 | $-247.7M | $797.2M |
总资产BRBRNET
| Q4 25 | $1.1B | $6.0B | ||
| Q3 25 | $941.0M | $5.8B | ||
| Q2 25 | $993.7M | $5.6B | ||
| Q1 25 | $947.5M | $3.7B | ||
| Q4 24 | $885.2M | $3.3B | ||
| Q3 24 | $837.0M | $3.1B | ||
| Q2 24 | $804.1M | $2.9B | ||
| Q1 24 | $765.0M | $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 | $-3.1M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-7.3M | $105.2M |
| 自由现金流率自由现金流/营收 | -1.4% | 17.1% |
| 资本支出强度资本支出/营收 | 0.8% | 13.9% |
| 现金转化率经营现金流/净利润 | -0.07× | — |
| 过去12个月自由现金流最近4个季度 | $246.9M | $287.5M |
8季度趋势，按日历期对齐
经营现金流BRBRNET
| Q4 25 | $-3.1M | $190.4M | ||
| Q3 25 | $169.1M | $167.1M | ||
| Q2 25 | $40.3M | $99.8M | ||
| Q1 25 | $48.2M | $145.8M | ||
| Q4 24 | $3.0M | $127.3M | ||
| Q3 24 | $40.1M | $104.7M | ||
| Q2 24 | $69.0M | $74.8M | ||
| Q1 24 | $16.3M | $73.6M |
自由现金流BRBRNET
| Q4 25 | $-7.3M | $105.2M | ||
| Q3 25 | $168.1M | $82.5M | ||
| Q2 25 | $38.5M | $39.9M | ||
| Q1 25 | $47.6M | $59.9M | ||
| Q4 24 | $1.7M | $54.2M | ||
| Q3 24 | $38.9M | $54.5M | ||
| Q2 24 | $68.9M | $45.2M | ||
| Q1 24 | $16.0M | $41.5M |
自由现金流率BRBRNET
| Q4 25 | -1.4% | 17.1% | ||
| Q3 25 | 25.9% | 14.7% | ||
| Q2 25 | 7.0% | 7.8% | ||
| Q1 25 | 8.1% | 12.5% | ||
| Q4 24 | 0.3% | 11.8% | ||
| Q3 24 | 7.0% | 12.7% | ||
| Q2 24 | 13.4% | 11.3% | ||
| Q1 24 | 3.2% | 11.0% |
资本支出强度BRBRNET
| Q4 25 | 0.8% | 13.9% | ||
| Q3 25 | 0.2% | 15.1% | ||
| Q2 25 | 0.3% | 11.7% | ||
| Q1 25 | 0.1% | 17.9% | ||
| Q4 24 | 0.2% | 15.9% | ||
| Q3 24 | 0.2% | 11.7% | ||
| Q2 24 | 0.0% | 7.4% | ||
| Q1 24 | 0.1% | 8.5% |
现金转化率BRBRNET
| Q4 25 | -0.07× | — | ||
| Q3 25 | 2.84× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 0.28× | — |
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
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
