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Celsius Holdings, Inc.（CELH）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Celsius Holdings, Inc.的季度营收约是Cloudflare, Inc.的1.2倍（$721.6M vs $614.5M），Celsius Holdings, Inc.净利率更高（3.4% vs -2.0%，领先5.4%），Celsius Holdings, Inc.同比增速更快（117.2% vs 33.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-130.0M），过去两年Celsius Holdings, Inc.的营收复合增速更高（42.4% vs 27.4%）
Celsius Holdings Inc.是美国功能饮品企业，旗下Celsius品牌主打健身饮料、能量饮品系列，产品主打健康定位，公司CEO曾表示这一差异化优势是品牌取得市场成功的核心原因。
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。
CELH vs NET — 直观对比
营收规模更大
CELH
是对方的1.2倍
$614.5M
营收增速更快
CELH
高出83.6%
33.6%
净利率更高
CELH
高出5.4%
-2.0%
自由现金流更多
NET
多$235.2M
$-130.0M
两年增速更快
CELH
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $721.6M | $614.5M |
| 净利润 | $24.7M | $-12.1M |
| 毛利率 | 47.4% | 73.6% |
| 营业利润率 | 3.6% | -8.0% |
| 净利率 | 3.4% | -2.0% |
| 营收同比 | 117.2% | 33.6% |
| 净利润同比 | 231.1% | 6.0% |
| 每股收益（稀释后） | $0.04 | $-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CELHNET
| Q4 25 | $721.6M | $614.5M | ||
| Q3 25 | $725.1M | $562.0M | ||
| Q2 25 | $739.3M | $512.3M | ||
| Q1 25 | $329.3M | $479.1M | ||
| Q4 24 | $332.2M | $459.9M | ||
| Q3 24 | $265.7M | $430.1M | ||
| Q2 24 | $402.0M | $401.0M | ||
| Q1 24 | $355.7M | $378.6M |
净利润CELHNET
| Q4 25 | $24.7M | $-12.1M | ||
| Q3 25 | $-61.0M | $-1.3M | ||
| Q2 25 | $99.9M | $-50.4M | ||
| Q1 25 | $44.4M | $-38.5M | ||
| Q4 24 | $-18.9M | $-12.8M | ||
| Q3 24 | $6.4M | $-15.3M | ||
| Q2 24 | $79.8M | $-15.1M | ||
| Q1 24 | $77.8M | $-35.5M |
毛利率CELHNET
| Q4 25 | 47.4% | 73.6% | ||
| Q3 25 | 51.3% | 74.0% | ||
| Q2 25 | 51.5% | 74.9% | ||
| Q1 25 | 52.3% | 75.9% | ||
| Q4 24 | 50.2% | 76.4% | ||
| Q3 24 | 46.0% | 77.7% | ||
| Q2 24 | 52.0% | 77.8% | ||
| Q1 24 | 51.2% | 77.5% |
营业利润率CELHNET
| Q4 25 | 3.6% | -8.0% | ||
| Q3 25 | -11.0% | -6.7% | ||
| Q2 25 | 19.3% | -13.1% | ||
| Q1 25 | 15.8% | -11.1% | ||
| Q4 24 | -5.6% | -7.5% | ||
| Q3 24 | -1.2% | -7.2% | ||
| Q2 24 | 23.4% | -8.7% | ||
| Q1 24 | 23.4% | -14.4% |
净利率CELHNET
| Q4 25 | 3.4% | -2.0% | ||
| Q3 25 | -8.4% | -0.2% | ||
| Q2 25 | 13.5% | -9.8% | ||
| Q1 25 | 13.5% | -8.0% | ||
| Q4 24 | -5.7% | -2.8% | ||
| Q3 24 | 2.4% | -3.6% | ||
| Q2 24 | 19.8% | -3.8% | ||
| Q1 24 | 21.9% | -9.4% |
每股收益（稀释后）CELHNET
| Q4 25 | $0.04 | $-0.03 | ||
| Q3 25 | $-0.27 | $0.00 | ||
| Q2 25 | $0.33 | $-0.15 | ||
| Q1 25 | $0.15 | $-0.11 | ||
| Q4 24 | $-0.10 | $-0.05 | ||
| Q3 24 | $0.00 | $-0.04 | ||
| Q2 24 | $0.28 | $-0.04 | ||
| Q1 24 | $0.27 | $-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 | $398.9M | $943.5M |
| 总债务越低越好 | $676.9M | — |
| 股东权益账面价值 | $1.2B | $1.5B |
| 总资产 | $5.1B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资CELHNET
| Q4 25 | $398.9M | $943.5M | ||
| Q3 25 | $806.0M | $1.1B | ||
| Q2 25 | $615.2M | $1.5B | ||
| Q1 25 | $977.3M | $204.5M | ||
| Q4 24 | $890.2M | $147.7M | ||
| Q3 24 | $903.7M | $182.9M | ||
| Q2 24 | $903.2M | $157.0M | ||
| Q1 24 | $879.5M | $254.4M |
总债务CELHNET
| Q4 25 | $676.9M | — | ||
| Q3 25 | $870.5M | — | ||
| Q2 25 | $871.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CELHNET
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $443.1M | $1.4B | ||
| Q4 24 | $399.9M | $1.0B | ||
| Q3 24 | $423.6M | $973.1M | ||
| Q2 24 | $415.8M | $881.5M | ||
| Q1 24 | $338.2M | $797.2M |
总资产CELHNET
| Q4 25 | $5.1B | $6.0B | ||
| Q3 25 | $5.3B | $5.8B | ||
| Q2 25 | $3.8B | $5.6B | ||
| Q1 25 | $1.9B | $3.7B | ||
| Q4 24 | $1.8B | $3.3B | ||
| Q3 24 | $1.7B | $3.1B | ||
| Q2 24 | $1.7B | $2.9B | ||
| Q1 24 | $1.6B | $2.8B |
负债/权益比CELHNET
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $-119.4M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-130.0M | $105.2M |
| 自由现金流率自由现金流/营收 | -18.0% | 17.1% |
| 资本支出强度资本支出/营收 | 1.5% | 13.9% |
| 现金转化率经营现金流/净利润 | -4.83× | — |
| 过去12个月自由现金流最近4个季度 | $323.4M | $287.5M |
8季度趋势，按日历期对齐
经营现金流CELHNET
| Q4 25 | $-119.4M | $190.4M | ||
| Q3 25 | $331.8M | $167.1M | ||
| Q2 25 | $43.7M | $99.8M | ||
| Q1 25 | $103.4M | $145.8M | ||
| Q4 24 | $75.7M | $127.3M | ||
| Q3 24 | $12.9M | $104.7M | ||
| Q2 24 | $39.6M | $74.8M | ||
| Q1 24 | $134.6M | $73.6M |
自由现金流CELHNET
| Q4 25 | $-130.0M | $105.2M | ||
| Q3 25 | $321.5M | $82.5M | ||
| Q2 25 | $35.5M | $39.9M | ||
| Q1 25 | $96.4M | $59.9M | ||
| Q4 24 | $70.3M | $54.2M | ||
| Q3 24 | $8.7M | $54.5M | ||
| Q2 24 | $30.4M | $45.2M | ||
| Q1 24 | $130.1M | $41.5M |
自由现金流率CELHNET
| Q4 25 | -18.0% | 17.1% | ||
| Q3 25 | 44.3% | 14.7% | ||
| Q2 25 | 4.8% | 7.8% | ||
| Q1 25 | 29.3% | 12.5% | ||
| Q4 24 | 21.2% | 11.8% | ||
| Q3 24 | 3.3% | 12.7% | ||
| Q2 24 | 7.6% | 11.3% | ||
| Q1 24 | 36.6% | 11.0% |
资本支出强度CELHNET
| Q4 25 | 1.5% | 13.9% | ||
| Q3 25 | 1.4% | 15.1% | ||
| Q2 25 | 1.1% | 11.7% | ||
| Q1 25 | 2.1% | 17.9% | ||
| Q4 24 | 1.6% | 15.9% | ||
| Q3 24 | 1.6% | 11.7% | ||
| Q2 24 | 2.3% | 7.4% | ||
| Q1 24 | 1.3% | 8.5% |
现金转化率CELHNET
| Q4 25 | -4.83× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 2.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 1.73× | — |
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
CELH
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
