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BrightView Holdings, Inc.（BV）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
BrightView Holdings, Inc.的季度营收约是Cloudflare, Inc.的1.0倍（$614.7M vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -2.5%，领先0.5%），Cloudflare, Inc.同比增速更快（33.6% vs 2.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-18.6M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -4.4%）
BrightView Holdings是美国领先的商业景观服务提供商，业务涵盖景观设计、施工、日常养护、灌溉系统管理、除雪除冰等，服务客户覆盖企业园区、商业中心、住宅社区及公共部门等场景。
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。
BV vs NET — 直观对比
营收规模更大
BV
是对方的1.0倍
$614.5M
营收增速更快
NET
高出31.0%
2.6%
净利率更高
NET
高出0.5%
-2.5%
自由现金流更多
NET
多$123.8M
$-18.6M
两年增速更快
NET
近两年复合增速
-4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.7M | $614.5M |
| 净利润 | $-15.2M | $-12.1M |
| 毛利率 | 18.6% | 73.6% |
| 营业利润率 | -1.2% | -8.0% |
| 净利率 | -2.5% | -2.0% |
| 营收同比 | 2.6% | 33.6% |
| 净利润同比 | -46.2% | 6.0% |
| 每股收益（稀释后） | $-0.26 | $-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BVNET
| Q4 25 | $614.7M | $614.5M | ||
| Q3 25 | $702.7M | $562.0M | ||
| Q2 25 | $708.3M | $512.3M | ||
| Q1 25 | $662.6M | $479.1M | ||
| Q4 24 | $599.2M | $459.9M | ||
| Q3 24 | $728.7M | $430.1M | ||
| Q2 24 | $738.8M | $401.0M | ||
| Q1 24 | $672.9M | $378.6M |
净利润BVNET
| Q4 25 | $-15.2M | $-12.1M | ||
| Q3 25 | $27.7M | $-1.3M | ||
| Q2 25 | $32.3M | $-50.4M | ||
| Q1 25 | $6.4M | $-38.5M | ||
| Q4 24 | $-10.4M | $-12.8M | ||
| Q3 24 | $25.6M | $-15.3M | ||
| Q2 24 | $23.5M | $-15.1M | ||
| Q1 24 | $33.7M | $-35.5M |
毛利率BVNET
| Q4 25 | 18.6% | 73.6% | ||
| Q3 25 | 25.1% | 74.0% | ||
| Q2 25 | 24.1% | 74.9% | ||
| Q1 25 | 22.3% | 75.9% | ||
| Q4 24 | 21.2% | 76.4% | ||
| Q3 24 | 25.0% | 77.7% | ||
| Q2 24 | 24.0% | 77.8% | ||
| Q1 24 | 22.6% | 77.5% |
营业利润率BVNET
| Q4 25 | -1.2% | -8.0% | ||
| Q3 25 | 7.9% | -6.7% | ||
| Q2 25 | 8.1% | -13.1% | ||
| Q1 25 | 3.4% | -11.1% | ||
| Q4 24 | -0.1% | -7.5% | ||
| Q3 24 | 7.1% | -7.2% | ||
| Q2 24 | 6.6% | -8.7% | ||
| Q1 24 | 9.2% | -14.4% |
净利率BVNET
| Q4 25 | -2.5% | -2.0% | ||
| Q3 25 | 3.9% | -0.2% | ||
| Q2 25 | 4.6% | -9.8% | ||
| Q1 25 | 1.0% | -8.0% | ||
| Q4 24 | -1.7% | -2.8% | ||
| Q3 24 | 3.5% | -3.6% | ||
| Q2 24 | 3.2% | -3.8% | ||
| Q1 24 | 5.0% | -9.4% |
每股收益（稀释后）BVNET
| Q4 25 | $-0.26 | $-0.03 | ||
| Q3 25 | $0.21 | $0.00 | ||
| Q2 25 | $0.15 | $-0.15 | ||
| Q1 25 | $-0.03 | $-0.11 | ||
| Q4 24 | $-0.20 | $-0.05 | ||
| Q3 24 | $0.20 | $-0.04 | ||
| Q2 24 | $0.10 | $-0.04 | ||
| Q1 24 | $0.17 | $-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 | $37.0M | $943.5M |
| 总债务越低越好 | $801.1M | — |
| 股东权益账面价值 | $1.3B | $1.5B |
| 总资产 | $3.3B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.64× | — |
8季度趋势，按日历期对齐
现金及短期投资BVNET
| Q4 25 | $37.0M | $943.5M | ||
| Q3 25 | $74.5M | $1.1B | ||
| Q2 25 | $79.1M | $1.5B | ||
| Q1 25 | $141.3M | $204.5M | ||
| Q4 24 | $98.3M | $147.7M | ||
| Q3 24 | $140.4M | $182.9M | ||
| Q2 24 | $115.9M | $157.0M | ||
| Q1 24 | $177.3M | $254.4M |
总债务BVNET
| Q4 25 | $801.1M | — | ||
| Q3 25 | $790.2M | — | ||
| Q2 25 | $790.7M | — | ||
| Q1 25 | $798.9M | — | ||
| Q4 24 | $796.5M | — | ||
| Q3 24 | $802.5M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BVNET
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $973.1M | ||
| Q2 24 | $1.3B | $881.5M | ||
| Q1 24 | $1.2B | $797.2M |
总资产BVNET
| Q4 25 | $3.3B | $6.0B | ||
| Q3 25 | $3.4B | $5.8B | ||
| Q2 25 | $3.4B | $5.6B | ||
| Q1 25 | $3.3B | $3.7B | ||
| Q4 24 | $3.3B | $3.3B | ||
| Q3 24 | $3.4B | $3.1B | ||
| Q2 24 | $3.4B | $2.9B | ||
| Q1 24 | $3.4B | $2.8B |
负债/权益比BVNET
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $36.1M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-18.6M | $105.2M |
| 自由现金流率自由现金流/营收 | -3.0% | 17.1% |
| 资本支出强度资本支出/营收 | 8.9% | 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 | $17.2M | $287.5M |
8季度趋势，按日历期对齐
经营现金流BVNET
| Q4 25 | $36.1M | $190.4M | ||
| Q3 25 | $84.4M | $167.1M | ||
| Q2 25 | $55.7M | $99.8M | ||
| Q1 25 | $91.2M | $145.8M | ||
| Q4 24 | $60.5M | $127.3M | ||
| Q3 24 | $53.5M | $104.7M | ||
| Q2 24 | $42.6M | $74.8M | ||
| Q1 24 | $83.3M | $73.6M |
自由现金流BVNET
| Q4 25 | $-18.6M | $105.2M | ||
| Q3 25 | $26.0M | $82.5M | ||
| Q2 25 | $-47.8M | $39.9M | ||
| Q1 25 | $57.6M | $59.9M | ||
| Q4 24 | $1.8M | $54.2M | ||
| Q3 24 | $21.1M | $54.5M | ||
| Q2 24 | $19.3M | $45.2M | ||
| Q1 24 | $70.7M | $41.5M |
自由现金流率BVNET
| Q4 25 | -3.0% | 17.1% | ||
| Q3 25 | 3.7% | 14.7% | ||
| Q2 25 | -6.7% | 7.8% | ||
| Q1 25 | 8.7% | 12.5% | ||
| Q4 24 | 0.3% | 11.8% | ||
| Q3 24 | 2.9% | 12.7% | ||
| Q2 24 | 2.6% | 11.3% | ||
| Q1 24 | 10.5% | 11.0% |
资本支出强度BVNET
| Q4 25 | 8.9% | 13.9% | ||
| Q3 25 | 8.3% | 15.1% | ||
| Q2 25 | 14.6% | 11.7% | ||
| Q1 25 | 5.1% | 17.9% | ||
| Q4 24 | 9.8% | 15.9% | ||
| Q3 24 | 4.4% | 11.7% | ||
| Q2 24 | 3.2% | 7.4% | ||
| Q1 24 | 1.9% | 8.5% |
现金转化率BVNET
| Q4 25 | — | — | ||
| Q3 25 | 3.05× | — | ||
| Q2 25 | 1.72× | — | ||
| Q1 25 | 14.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.09× | — | ||
| Q2 24 | 1.81× | — | ||
| Q1 24 | 2.47× | — |
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
BV
| Landscape Maintenance | $368.0M | 60% |
| Development Services Segment | $179.2M | 29% |
| Snow Removal | $68.4M | 11% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
