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BlueLinx Holdings Inc.（BXC）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
BlueLinx Holdings Inc.的季度营收约是Cloudflare, Inc.的1.2倍（$748.9M vs $614.5M），BlueLinx Holdings Inc.净利率更高（0.2% vs -2.0%，领先2.2%），Cloudflare, Inc.同比增速更快（33.6% vs 0.2%），Cloudflare, Inc.自由现金流更多（$105.2M vs $52.7M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 2.5%）
BlueLinx Holdings Inc.是美国经营建材与工业产品的批发分销商，总部位于佐治亚州亚特兰大，目前由Shyam Reddy担任公司总裁兼首席执行官，在美国本土相关分销领域开展业务
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。
BXC vs NET — 直观对比
营收规模更大
BXC
是对方的1.2倍
$614.5M
营收增速更快
NET
高出33.4%
0.2%
净利率更高
BXC
高出2.2%
-2.0%
自由现金流更多
NET
多$52.6M
$52.7M
两年增速更快
NET
近两年复合增速
2.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $748.9M | $614.5M |
| 净利润 | $1.7M | $-12.1M |
| 毛利率 | 14.4% | 73.6% |
| 营业利润率 | 1.3% | -8.0% |
| 净利率 | 0.2% | -2.0% |
| 营收同比 | 0.2% | 33.6% |
| 净利润同比 | -89.7% | 6.0% |
| 每股收益（稀释后） | $0.20 | $-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BXCNET
| Q4 25 | — | $614.5M | ||
| Q3 25 | $748.9M | $562.0M | ||
| Q2 25 | $780.1M | $512.3M | ||
| Q1 25 | $709.2M | $479.1M | ||
| Q4 24 | $710.6M | $459.9M | ||
| Q3 24 | $747.3M | $430.1M | ||
| Q2 24 | $768.4M | $401.0M | ||
| Q1 24 | $726.2M | $378.6M |
净利润BXCNET
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $1.7M | $-1.3M | ||
| Q2 25 | $4.3M | $-50.4M | ||
| Q1 25 | $2.8M | $-38.5M | ||
| Q4 24 | — | $-12.8M | ||
| Q3 24 | $16.0M | $-15.3M | ||
| Q2 24 | $14.3M | $-15.1M | ||
| Q1 24 | $17.5M | $-35.5M |
毛利率BXCNET
| Q4 25 | — | 73.6% | ||
| Q3 25 | 14.4% | 74.0% | ||
| Q2 25 | 15.3% | 74.9% | ||
| Q1 25 | 15.7% | 75.9% | ||
| Q4 24 | 15.9% | 76.4% | ||
| Q3 24 | 16.8% | 77.7% | ||
| Q2 24 | 15.9% | 77.8% | ||
| Q1 24 | 17.6% | 77.5% |
营业利润率BXCNET
| Q4 25 | — | -8.0% | ||
| Q3 25 | 1.3% | -6.7% | ||
| Q2 25 | 1.9% | -13.1% | ||
| Q1 25 | 1.5% | -11.1% | ||
| Q4 24 | 1.7% | -7.5% | ||
| Q3 24 | 3.2% | -7.2% | ||
| Q2 24 | 3.1% | -8.7% | ||
| Q1 24 | 3.8% | -14.4% |
净利率BXCNET
| Q4 25 | — | -2.0% | ||
| Q3 25 | 0.2% | -0.2% | ||
| Q2 25 | 0.6% | -9.8% | ||
| Q1 25 | 0.4% | -8.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | 2.1% | -3.6% | ||
| Q2 24 | 1.9% | -3.8% | ||
| Q1 24 | 2.4% | -9.4% |
每股收益（稀释后）BXCNET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.20 | $0.00 | ||
| Q2 25 | $0.54 | $-0.15 | ||
| Q1 25 | $0.33 | $-0.11 | ||
| Q4 24 | $0.67 | $-0.05 | ||
| Q3 24 | $1.87 | $-0.04 | ||
| Q2 24 | $1.65 | $-0.04 | ||
| Q1 24 | $2.00 | $-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 | $429.4M | $943.5M |
| 总债务越低越好 | $598.5M | — |
| 股东权益账面价值 | $623.0M | $1.5B |
| 总资产 | $1.6B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.96× | — |
8季度趋势，按日历期对齐
现金及短期投资BXCNET
| Q4 25 | — | $943.5M | ||
| Q3 25 | $429.4M | $1.1B | ||
| Q2 25 | $386.8M | $1.5B | ||
| Q1 25 | $449.0M | $204.5M | ||
| Q4 24 | $505.6M | $147.7M | ||
| Q3 24 | $526.3M | $182.9M | ||
| Q2 24 | $491.4M | $157.0M | ||
| Q1 24 | $481.3M | $254.4M |
总债务BXCNET
| Q4 25 | — | — | ||
| Q3 25 | $598.5M | — | ||
| Q2 25 | $596.4M | — | ||
| Q1 25 | $596.6M | — | ||
| Q4 24 | $575.1M | — | ||
| Q3 24 | $576.0M | — | ||
| Q2 24 | $574.6M | — | ||
| Q1 24 | $574.0M | — |
股东权益BXCNET
| Q4 25 | — | $1.5B | ||
| Q3 25 | $623.0M | $1.3B | ||
| Q2 25 | $621.3M | $1.2B | ||
| Q1 25 | $636.1M | $1.4B | ||
| Q4 24 | $646.4M | $1.0B | ||
| Q3 24 | $655.6M | $973.1M | ||
| Q2 24 | $652.3M | $881.5M | ||
| Q1 24 | $653.2M | $797.2M |
总资产BXCNET
| Q4 25 | — | $6.0B | ||
| Q3 25 | $1.6B | $5.8B | ||
| Q2 25 | $1.6B | $5.6B | ||
| Q1 25 | $1.6B | $3.7B | ||
| Q4 24 | $1.6B | $3.3B | ||
| Q3 24 | $1.6B | $3.1B | ||
| Q2 24 | $1.6B | $2.9B | ||
| Q1 24 | $1.6B | $2.8B |
负债/权益比BXCNET
| Q4 25 | — | — | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.88× | — |
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 | $58.6M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $52.7M | $105.2M |
| 自由现金流率自由现金流/营收 | 7.0% | 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 | 35.42× | — |
| 过去12个月自由现金流最近4个季度 | $-25.1M | $287.5M |
8季度趋势，按日历期对齐
经营现金流BXCNET
| Q4 25 | — | $190.4M | ||
| Q3 25 | $58.6M | $167.1M | ||
| Q2 25 | $-26.8M | $99.8M | ||
| Q1 25 | $-33.9M | $145.8M | ||
| Q4 24 | $18.7M | $127.3M | ||
| Q3 24 | $61.8M | $104.7M | ||
| Q2 24 | $35.8M | $74.8M | ||
| Q1 24 | $-31.1M | $73.6M |
自由现金流BXCNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | $52.7M | $82.5M | ||
| Q2 25 | $-36.4M | $39.9M | ||
| Q1 25 | $-39.8M | $59.9M | ||
| Q4 24 | $-1.5M | $54.2M | ||
| Q3 24 | $53.8M | $54.5M | ||
| Q2 24 | $29.3M | $45.2M | ||
| Q1 24 | $-36.6M | $41.5M |
自由现金流率BXCNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | 7.0% | 14.7% | ||
| Q2 25 | -4.7% | 7.8% | ||
| Q1 25 | -5.6% | 12.5% | ||
| Q4 24 | -0.2% | 11.8% | ||
| Q3 24 | 7.2% | 12.7% | ||
| Q2 24 | 3.8% | 11.3% | ||
| Q1 24 | -5.0% | 11.0% |
资本支出强度BXCNET
| Q4 25 | — | 13.9% | ||
| Q3 25 | 0.8% | 15.1% | ||
| Q2 25 | 1.2% | 11.7% | ||
| Q1 25 | 0.8% | 17.9% | ||
| Q4 24 | 2.9% | 15.9% | ||
| Q3 24 | 1.1% | 11.7% | ||
| Q2 24 | 0.8% | 7.4% | ||
| Q1 24 | 0.8% | 8.5% |
现金转化率BXCNET
| Q4 25 | — | — | ||
| Q3 25 | 35.42× | — | ||
| Q2 25 | -6.21× | — | ||
| Q1 25 | -12.09× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.86× | — | ||
| Q2 24 | 2.50× | — | ||
| Q1 24 | -1.78× | — |
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
BXC
| Specialty Products | $525.5M | 70% |
| Structural Products | $223.4M | 30% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
