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CRACKER BARREL OLD COUNTRY STORE, INC（CBRL）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
CRACKER BARREL OLD COUNTRY STORE, INC的季度营收约是Cloudflare, Inc.的1.3倍（$797.2M vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -3.1%，领先1.1%），Cloudflare, Inc.同比增速更快（33.6% vs -10.9%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-88.9M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -2.4%）
Cracker Barrel是源自美国南方乡村风格的连锁餐厅与礼品店品牌，1969年由丹·埃文斯与汤米·洛创立，总部位于田纳西州黎巴嫩。品牌最初门店多开设在美国东南部和中西部的高速公路出口附近，于上世纪90年代至21世纪初逐步扩张至全美各地。
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。
CBRL vs NET — 直观对比
营收规模更大
CBRL
是对方的1.3倍
$614.5M
营收增速更快
NET
高出44.5%
-10.9%
净利率更高
NET
高出1.1%
-3.1%
自由现金流更多
NET
多$194.1M
$-88.9M
两年增速更快
NET
近两年复合增速
-2.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $797.2M | $614.5M |
| 净利润 | $-24.6M | $-12.1M |
| 毛利率 | 68.8% | 73.6% |
| 营业利润率 | -4.1% | -8.0% |
| 净利率 | -3.1% | -2.0% |
| 营收同比 | -10.9% | 33.6% |
| 净利润同比 | -235.7% | 6.0% |
| 每股收益（稀释后） | $-1.10 | $-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CBRLNET
| Q4 25 | $797.2M | $614.5M | ||
| Q3 25 | — | $562.0M | ||
| Q2 25 | $821.1M | $512.3M | ||
| Q1 25 | $949.4M | $479.1M | ||
| Q4 24 | — | $459.9M | ||
| Q3 24 | $894.4M | $430.1M | ||
| Q2 24 | $817.1M | $401.0M | ||
| Q1 24 | $935.4M | $378.6M |
净利润CBRLNET
| Q4 25 | $-24.6M | $-12.1M | ||
| Q3 25 | — | $-1.3M | ||
| Q2 25 | $12.6M | $-50.4M | ||
| Q1 25 | $22.2M | $-38.5M | ||
| Q4 24 | — | $-12.8M | ||
| Q3 24 | $18.1M | $-15.3M | ||
| Q2 24 | $-9.2M | $-15.1M | ||
| Q1 24 | $26.5M | $-35.5M |
毛利率CBRLNET
| Q4 25 | 68.8% | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | 69.9% | 74.9% | ||
| Q1 25 | 67.4% | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | 69.6% | 77.7% | ||
| Q2 24 | 70.0% | 77.8% | ||
| Q1 24 | 66.3% | 77.5% |
营业利润率CBRLNET
| Q4 25 | -4.1% | -8.0% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | 1.8% | -13.1% | ||
| Q1 25 | 3.1% | -11.1% | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | 2.5% | -7.2% | ||
| Q2 24 | -2.4% | -8.7% | ||
| Q1 24 | 3.3% | -14.4% |
净利率CBRLNET
| Q4 25 | -3.1% | -2.0% | ||
| Q3 25 | — | -0.2% | ||
| Q2 25 | 1.5% | -9.8% | ||
| Q1 25 | 2.3% | -8.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | 2.0% | -3.6% | ||
| Q2 24 | -1.1% | -3.8% | ||
| Q1 24 | 2.8% | -9.4% |
每股收益（稀释后）CBRLNET
| Q4 25 | $-1.10 | $-0.03 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | $0.56 | $-0.15 | ||
| Q1 25 | $0.99 | $-0.11 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | $0.80 | $-0.04 | ||
| Q2 24 | $-0.41 | $-0.04 | ||
| Q1 24 | $1.19 | $-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 | $8.9M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $428.8M | $1.5B |
| 总资产 | $2.2B | $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CBRLNET
| Q4 25 | $8.9M | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $9.8M | $1.5B | ||
| Q1 25 | $10.3M | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | $12.0M | $182.9M | ||
| Q2 24 | $11.9M | $157.0M | ||
| Q1 24 | $12.6M | $254.4M |
股东权益CBRLNET
| Q4 25 | $428.8M | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $469.3M | $1.2B | ||
| Q1 25 | $460.9M | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $440.1M | $973.1M | ||
| Q2 24 | $426.6M | $881.5M | ||
| Q1 24 | $462.0M | $797.2M |
总资产CBRLNET
| Q4 25 | $2.2B | $6.0B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | $2.1B | $5.6B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $2.2B | $3.1B | ||
| Q2 24 | $2.2B | $2.9B | ||
| Q1 24 | $2.2B | $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 | $-53.4M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-88.9M | $105.2M |
| 自由现金流率自由现金流/营收 | -11.2% | 17.1% |
| 资本支出强度资本支出/营收 | 4.5% | 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 | — | $287.5M |
8季度趋势，按日历期对齐
经营现金流CBRLNET
| Q4 25 | $-53.4M | $190.4M | ||
| Q3 25 | — | $167.1M | ||
| Q2 25 | $23.0M | $99.8M | ||
| Q1 25 | — | $145.8M | ||
| Q4 24 | — | $127.3M | ||
| Q3 24 | $69.5M | $104.7M | ||
| Q2 24 | $37.6M | $74.8M | ||
| Q1 24 | $77.7M | $73.6M |
自由现金流CBRLNET
| Q4 25 | $-88.9M | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | $-13.6M | $39.9M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | $22.1M | $54.5M | ||
| Q2 24 | $8.2M | $45.2M | ||
| Q1 24 | $50.9M | $41.5M |
自由现金流率CBRLNET
| Q4 25 | -11.2% | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | -1.7% | 7.8% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | 2.5% | 12.7% | ||
| Q2 24 | 1.0% | 11.3% | ||
| Q1 24 | 5.4% | 11.0% |
资本支出强度CBRLNET
| Q4 25 | 4.5% | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | 4.5% | 11.7% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | 5.3% | 11.7% | ||
| Q2 24 | 3.6% | 7.4% | ||
| Q1 24 | 2.9% | 8.5% |
现金转化率CBRLNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.83× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.83× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.93× | — |
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
CBRL
| Restaurant | $650.6M | 82% |
| Retail | $146.6M | 18% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
