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CALERES INC（CAL）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
CALERES INC的季度营收约是Cloudflare, Inc.的1.3倍（$790.1M vs $614.5M），CALERES INC净利率更高（0.3% vs -2.0%，领先2.3%），Cloudflare, Inc.同比增速更快（33.6% vs 6.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-12.4M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 6.5%）
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
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。
CAL vs NET — 直观对比
营收规模更大
CAL
是对方的1.3倍
$614.5M
营收增速更快
NET
高出27.0%
6.6%
净利率更高
CAL
高出2.3%
-2.0%
自由现金流更多
NET
多$117.6M
$-12.4M
两年增速更快
NET
近两年复合增速
6.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $790.1M | $614.5M |
| 净利润 | $2.4M | $-12.1M |
| 毛利率 | 41.8% | 73.6% |
| 营业利润率 | 1.5% | -8.0% |
| 净利率 | 0.3% | -2.0% |
| 营收同比 | 6.6% | 33.6% |
| 净利润同比 | -94.2% | 6.0% |
| 每股收益（稀释后） | $0.07 | $-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CALNET
| Q4 25 | $790.1M | $614.5M | ||
| Q3 25 | $658.5M | $562.0M | ||
| Q2 25 | $614.2M | $512.3M | ||
| Q1 25 | $639.2M | $479.1M | ||
| Q4 24 | $740.9M | $459.9M | ||
| Q3 24 | $683.3M | $430.1M | ||
| Q2 24 | $659.2M | $401.0M | ||
| Q1 24 | $697.1M | $378.6M |
净利润CALNET
| Q4 25 | $2.4M | $-12.1M | ||
| Q3 25 | $6.7M | $-1.3M | ||
| Q2 25 | $6.9M | $-50.4M | ||
| Q1 25 | $4.9M | $-38.5M | ||
| Q4 24 | $41.4M | $-12.8M | ||
| Q3 24 | $30.0M | $-15.3M | ||
| Q2 24 | $30.9M | $-15.1M | ||
| Q1 24 | $55.7M | $-35.5M |
毛利率CALNET
| Q4 25 | 41.8% | 73.6% | ||
| Q3 25 | 43.4% | 74.0% | ||
| Q2 25 | 45.4% | 74.9% | ||
| Q1 25 | 43.0% | 75.9% | ||
| Q4 24 | 44.1% | 76.4% | ||
| Q3 24 | 45.5% | 77.7% | ||
| Q2 24 | 46.9% | 77.8% | ||
| Q1 24 | 43.9% | 77.5% |
营业利润率CALNET
| Q4 25 | 1.5% | -8.0% | ||
| Q3 25 | 1.4% | -6.7% | ||
| Q2 25 | 1.9% | -13.1% | ||
| Q1 25 | 1.2% | -11.1% | ||
| Q4 24 | 7.7% | -7.5% | ||
| Q3 24 | 6.2% | -7.2% | ||
| Q2 24 | 6.5% | -8.7% | ||
| Q1 24 | 4.4% | -14.4% |
净利率CALNET
| Q4 25 | 0.3% | -2.0% | ||
| Q3 25 | 1.0% | -0.2% | ||
| Q2 25 | 1.1% | -9.8% | ||
| Q1 25 | 0.8% | -8.0% | ||
| Q4 24 | 5.6% | -2.8% | ||
| Q3 24 | 4.4% | -3.6% | ||
| Q2 24 | 4.7% | -3.8% | ||
| Q1 24 | 8.0% | -9.4% |
每股收益（稀释后）CALNET
| Q4 25 | $0.07 | $-0.03 | ||
| Q3 25 | $0.20 | $0.00 | ||
| Q2 25 | $0.21 | $-0.15 | ||
| Q1 25 | $0.17 | $-0.11 | ||
| Q4 24 | $1.19 | $-0.05 | ||
| Q3 24 | $0.85 | $-0.04 | ||
| Q2 24 | $0.88 | $-0.04 | ||
| Q1 24 | $1.56 | $-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 | $34.0M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $616.8M | $1.5B |
| 总资产 | $2.1B | $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CALNET
| Q4 25 | $34.0M | $943.5M | ||
| Q3 25 | $191.5M | $1.1B | ||
| Q2 25 | $33.1M | $1.5B | ||
| Q1 25 | $29.6M | $204.5M | ||
| Q4 24 | $33.7M | $147.7M | ||
| Q3 24 | $51.8M | $182.9M | ||
| Q2 24 | $30.7M | $157.0M | ||
| Q1 24 | $21.4M | $254.4M |
股东权益CALNET
| Q4 25 | $616.8M | $1.5B | ||
| Q3 25 | $613.3M | $1.3B | ||
| Q2 25 | $605.2M | $1.2B | ||
| Q1 25 | $599.0M | $1.4B | ||
| Q4 24 | $598.3M | $1.0B | ||
| Q3 24 | $606.1M | $973.1M | ||
| Q2 24 | $570.3M | $881.5M | ||
| Q1 24 | $560.6M | $797.2M |
总资产CALNET
| Q4 25 | $2.1B | $6.0B | ||
| Q3 25 | $2.2B | $5.8B | ||
| Q2 25 | $1.9B | $5.6B | ||
| Q1 25 | $1.9B | $3.7B | ||
| Q4 24 | $2.0B | $3.3B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $1.9B | $2.9B | ||
| Q1 24 | $1.8B | $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 | $-1.2M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-12.4M | $105.2M |
| 自由现金流率自由现金流/营收 | -1.6% | 17.1% |
| 资本支出强度资本支出/营收 | 1.4% | 13.9% |
| 现金转化率经营现金流/净利润 | -0.50× | — |
| 过去12个月自由现金流最近4个季度 | $14.4M | $287.5M |
8季度趋势，按日历期对齐
经营现金流CALNET
| Q4 25 | $-1.2M | $190.4M | ||
| Q3 25 | $47.3M | $167.1M | ||
| Q2 25 | $-5.7M | $99.8M | ||
| Q1 25 | $28.7M | $145.8M | ||
| Q4 24 | $-39.8M | $127.3M | ||
| Q3 24 | $79.6M | $104.7M | ||
| Q2 24 | $36.1M | $74.8M | ||
| Q1 24 | $43.0M | $73.6M |
自由现金流CALNET
| Q4 25 | $-12.4M | $105.2M | ||
| Q3 25 | $35.0M | $82.5M | ||
| Q2 25 | $-26.2M | $39.9M | ||
| Q1 25 | $18.0M | $59.9M | ||
| Q4 24 | $-57.4M | $54.2M | ||
| Q3 24 | $68.5M | $54.5M | ||
| Q2 24 | $26.3M | $45.2M | ||
| Q1 24 | $32.4M | $41.5M |
自由现金流率CALNET
| Q4 25 | -1.6% | 17.1% | ||
| Q3 25 | 5.3% | 14.7% | ||
| Q2 25 | -4.3% | 7.8% | ||
| Q1 25 | 2.8% | 12.5% | ||
| Q4 24 | -7.7% | 11.8% | ||
| Q3 24 | 10.0% | 12.7% | ||
| Q2 24 | 4.0% | 11.3% | ||
| Q1 24 | 4.6% | 11.0% |
资本支出强度CALNET
| Q4 25 | 1.4% | 13.9% | ||
| Q3 25 | 1.9% | 15.1% | ||
| Q2 25 | 3.3% | 11.7% | ||
| Q1 25 | 1.7% | 17.9% | ||
| Q4 24 | 2.4% | 15.9% | ||
| Q3 24 | 1.6% | 11.7% | ||
| Q2 24 | 1.5% | 7.4% | ||
| Q1 24 | 1.5% | 8.5% |
现金转化率CALNET
| Q4 25 | -0.50× | — | ||
| Q3 25 | 7.05× | — | ||
| Q2 25 | -0.81× | — | ||
| Q1 25 | 5.82× | — | ||
| Q4 24 | -0.96× | — | ||
| Q3 24 | 2.66× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | 0.77× | — |
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
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
