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CAL-MAINE FOODS INC（CALM）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
CAL-MAINE FOODS INC的季度营收约是Cloudflare, Inc.的1.3倍（$769.5M vs $614.5M），CAL-MAINE FOODS INC净利率更高（13.4% vs -2.0%，领先15.3%），Cloudflare, Inc.同比增速更快（33.6% vs -19.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $47.9M），过去两年CAL-MAINE FOODS INC的营收复合增速更高（29.4% vs 27.4%）
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
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。
CALM vs NET — 直观对比
营收规模更大
CALM
是对方的1.3倍
$614.5M
营收增速更快
NET
高出53.0%
-19.4%
净利率更高
CALM
高出15.3%
-2.0%
自由现金流更多
NET
多$57.3M
$47.9M
两年增速更快
CALM
近两年复合增速
27.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $614.5M |
| 净利润 | $102.8M | $-12.1M |
| 毛利率 | 27.0% | 73.6% |
| 营业利润率 | 16.1% | -8.0% |
| 净利率 | 13.4% | -2.0% |
| 营收同比 | -19.4% | 33.6% |
| 净利润同比 | -53.1% | 6.0% |
| 每股收益（稀释后） | $2.13 | $-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CALMNET
| Q4 25 | $769.5M | $614.5M | ||
| Q3 25 | $922.6M | $562.0M | ||
| Q2 25 | — | $512.3M | ||
| Q1 25 | $1.4B | $479.1M | ||
| Q4 24 | $954.7M | $459.9M | ||
| Q3 24 | $785.9M | $430.1M | ||
| Q2 24 | — | $401.0M | ||
| Q1 24 | $703.1M | $378.6M |
净利润CALMNET
| Q4 25 | $102.8M | $-12.1M | ||
| Q3 25 | $199.3M | $-1.3M | ||
| Q2 25 | — | $-50.4M | ||
| Q1 25 | $508.5M | $-38.5M | ||
| Q4 24 | $219.1M | $-12.8M | ||
| Q3 24 | $150.0M | $-15.3M | ||
| Q2 24 | — | $-15.1M | ||
| Q1 24 | $146.7M | $-35.5M |
毛利率CALMNET
| Q4 25 | 27.0% | 73.6% | ||
| Q3 25 | 33.7% | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | 50.5% | 75.9% | ||
| Q4 24 | 37.3% | 76.4% | ||
| Q3 24 | 31.5% | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | 31.1% | 77.5% |
营业利润率CALMNET
| Q4 25 | 16.1% | -8.0% | ||
| Q3 25 | 27.0% | -6.7% | ||
| Q2 25 | — | -13.1% | ||
| Q1 25 | 44.8% | -11.1% | ||
| Q4 24 | 29.1% | -7.5% | ||
| Q3 24 | 23.8% | -7.2% | ||
| Q2 24 | — | -8.7% | ||
| Q1 24 | 23.2% | -14.4% |
净利率CALMNET
| Q4 25 | 13.4% | -2.0% | ||
| Q3 25 | 21.6% | -0.2% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | 35.9% | -8.0% | ||
| Q4 24 | 22.9% | -2.8% | ||
| Q3 24 | 19.1% | -3.6% | ||
| Q2 24 | — | -3.8% | ||
| Q1 24 | 20.9% | -9.4% |
每股收益（稀释后）CALMNET
| Q4 25 | $2.13 | $-0.03 | ||
| Q3 25 | $4.12 | $0.00 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | $10.38 | $-0.11 | ||
| Q4 24 | $4.47 | $-0.05 | ||
| Q3 24 | $3.06 | $-0.04 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | $3.00 | $-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 | $369.4M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $1.5B |
| 总资产 | $3.1B | $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CALMNET
| Q4 25 | $369.4M | $943.5M | ||
| Q3 25 | $251.9M | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $497.2M | $204.5M | ||
| Q4 24 | $140.3M | $147.7M | ||
| Q3 24 | $181.7M | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | $367.1M | $254.4M |
股东权益CALMNET
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $1.9B | $973.1M | ||
| Q2 24 | — | $881.5M | ||
| Q1 24 | $1.7B | $797.2M |
总资产CALMNET
| Q4 25 | $3.1B | $6.0B | ||
| Q3 25 | $3.2B | $5.8B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | $3.1B | $3.7B | ||
| Q4 24 | $2.5B | $3.3B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | $2.1B | $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 | $94.8M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $105.2M |
| 自由现金流率自由现金流/营收 | 6.2% | 17.1% |
| 资本支出强度资本支出/营收 | 6.1% | 13.9% |
| 现金转化率经营现金流/净利润 | 0.92× | — |
| 过去12个月自由现金流最近4个季度 | $895.9M | $287.5M |
8季度趋势，按日历期对齐
经营现金流CALMNET
| Q4 25 | $94.8M | $190.4M | ||
| Q3 25 | $278.6M | $167.1M | ||
| Q2 25 | — | $99.8M | ||
| Q1 25 | $571.6M | $145.8M | ||
| Q4 24 | $122.7M | $127.3M | ||
| Q3 24 | $117.5M | $104.7M | ||
| Q2 24 | — | $74.8M | ||
| Q1 24 | $164.0M | $73.6M |
自由现金流CALMNET
| Q4 25 | $47.9M | $105.2M | ||
| Q3 25 | $233.3M | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | $521.8M | $59.9M | ||
| Q4 24 | $92.9M | $54.2M | ||
| Q3 24 | $81.7M | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | $133.8M | $41.5M |
自由现金流率CALMNET
| Q4 25 | 6.2% | 17.1% | ||
| Q3 25 | 25.3% | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | 36.8% | 12.5% | ||
| Q4 24 | 9.7% | 11.8% | ||
| Q3 24 | 10.4% | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | 19.0% | 11.0% |
资本支出强度CALMNET
| Q4 25 | 6.1% | 13.9% | ||
| Q3 25 | 4.9% | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | 3.5% | 17.9% | ||
| Q4 24 | 3.1% | 15.9% | ||
| Q3 24 | 4.6% | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | 4.3% | 8.5% |
现金转化率CALMNET
| Q4 25 | 0.92× | — | ||
| Q3 25 | 1.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.12× | — |
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
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
