vs
Confluent, Inc.（CFLT）与DELUXE CORP（DLX）财务数据对比。点击上方公司名可切换其他公司
DELUXE CORP的季度营收约是Confluent, Inc.的1.7倍（$535.2M vs $314.8M），DELUXE CORP净利率更高（2.2% vs -25.2%，领先27.4%），Confluent, Inc.同比增速更快（20.5% vs 2.8%），过去两年Confluent, Inc.的营收复合增速更高（20.4% vs 0.0%）
Confluent Inc是总部位于美国加利福尼亚州山景城的科技企业，由杰伊·克雷普斯、饶军、内哈·纳克赫德于2014年创立，核心业务为商业化三人2008年在LinkedIn任职时开发的开源流处理平台Apache Kafka，旗下产品包括Confluent Cloud云服务、Confluent Platform平台、连接器、Apache Flink、流治理套件及Confluent Hub等。
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
CFLT vs DLX — 直观对比
营收规模更大
DLX
是对方的1.7倍
$314.8M
营收增速更快
CFLT
高出17.7%
2.8%
净利率更高
DLX
高出27.4%
-25.2%
两年增速更快
CFLT
近两年复合增速
0.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $314.8M | $535.2M |
| 净利润 | $-79.2M | $12.0M |
| 毛利率 | 74.7% | 52.2% |
| 营业利润率 | -31.5% | 8.9% |
| 净利率 | -25.2% | 2.2% |
| 营收同比 | 20.5% | 2.8% |
| 净利润同比 | 10.0% | -5.0% |
| 每股收益（稀释后） | $-0.23 | $0.25 |
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CFLTDLX
| Q4 25 | $314.8M | $535.2M | ||
| Q3 25 | $298.5M | $540.2M | ||
| Q2 25 | $282.3M | $521.3M | ||
| Q1 25 | $271.1M | $536.5M | ||
| Q4 24 | $261.2M | $520.6M | ||
| Q3 24 | $250.2M | $528.4M | ||
| Q2 24 | $235.0M | $537.8M | ||
| Q1 24 | $217.2M | $535.0M |
净利润CFLTDLX
| Q4 25 | $-79.2M | $12.0M | ||
| Q3 25 | $-66.5M | $33.7M | ||
| Q2 25 | $-82.0M | $22.4M | ||
| Q1 25 | $-67.6M | $14.0M | ||
| Q4 24 | $-88.1M | $12.6M | ||
| Q3 24 | $-74.1M | $8.9M | ||
| Q2 24 | $-89.9M | $20.5M | ||
| Q1 24 | $-93.0M | $10.8M |
毛利率CFLTDLX
| Q4 25 | 74.7% | 52.2% | ||
| Q3 25 | 74.2% | 53.9% | ||
| Q2 25 | 73.7% | 53.6% | ||
| Q1 25 | 74.5% | 52.4% | ||
| Q4 24 | 74.1% | 52.3% | ||
| Q3 24 | 74.5% | 53.3% | ||
| Q2 24 | 72.3% | 53.7% | ||
| Q1 24 | 71.8% | 53.0% |
营业利润率CFLTDLX
| Q4 25 | -31.5% | 8.9% | ||
| Q3 25 | -27.9% | 14.0% | ||
| Q2 25 | -34.2% | 11.7% | ||
| Q1 25 | -37.3% | 9.0% | ||
| Q4 24 | -40.5% | 9.0% | ||
| Q3 24 | -37.4% | 7.9% | ||
| Q2 24 | -46.1% | 11.0% | ||
| Q1 24 | -51.3% | 8.3% |
净利率CFLTDLX
| Q4 25 | -25.2% | 2.2% | ||
| Q3 25 | -22.3% | 6.2% | ||
| Q2 25 | -29.0% | 4.3% | ||
| Q1 25 | -24.9% | 2.6% | ||
| Q4 24 | -33.7% | 2.4% | ||
| Q3 24 | -29.6% | 1.7% | ||
| Q2 24 | -38.3% | 3.8% | ||
| Q1 24 | -42.8% | 2.0% |
每股收益（稀释后）CFLTDLX
| Q4 25 | $-0.23 | $0.25 | ||
| Q3 25 | $-0.19 | $0.74 | ||
| Q2 25 | $-0.24 | $0.50 | ||
| Q1 25 | $-0.20 | $0.31 | ||
| Q4 24 | $-0.26 | $0.28 | ||
| Q3 24 | $-0.23 | $0.20 | ||
| Q2 24 | $-0.28 | $0.46 | ||
| Q1 24 | $-0.30 | $0.24 |
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 | $347.2M | $36.9M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.2B | $680.7M |
| 总资产 | $3.0B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.94× | — |
8季度趋势，按日历期对齐
现金及短期投资CFLTDLX
| Q4 25 | $347.2M | $36.9M | ||
| Q3 25 | $298.5M | $25.8M | ||
| Q2 25 | $295.6M | $26.0M | ||
| Q1 25 | $278.6M | $30.3M | ||
| Q4 24 | $386.0M | $34.4M | ||
| Q3 24 | $322.6M | $41.3M | ||
| Q2 24 | $311.3M | $23.1M | ||
| Q1 24 | $336.4M | $23.5M |
总债务CFLTDLX
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益CFLTDLX
| Q4 25 | $1.2B | $680.7M | ||
| Q3 25 | $1.1B | $664.1M | ||
| Q2 25 | $1.1B | $638.7M | ||
| Q1 25 | $1.0B | $622.5M | ||
| Q4 24 | $961.2M | $620.9M | ||
| Q3 24 | $934.3M | $612.7M | ||
| Q2 24 | $873.9M | $620.5M | ||
| Q1 24 | $845.2M | $608.4M |
总资产CFLTDLX
| Q4 25 | $3.0B | $2.9B | ||
| Q3 25 | $2.9B | $2.6B | ||
| Q2 25 | $2.8B | $2.5B | ||
| Q1 25 | $2.7B | $2.6B | ||
| Q4 24 | $2.7B | $2.8B | ||
| Q3 24 | $2.6B | $2.6B | ||
| Q2 24 | $2.5B | $2.7B | ||
| Q1 24 | $2.4B | $2.7B |
负债/权益比CFLTDLX
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 1.29× | — |
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 | $42.1M | $102.1M |
| 自由现金流经营现金流 - 资本支出 | $41.7M | — |
| 自由现金流率自由现金流/营收 | 13.2% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | — | 8.53× |
| 过去12个月自由现金流最近4个季度 | $60.7M | — |
8季度趋势，按日历期对齐
经营现金流CFLTDLX
| Q4 25 | $42.1M | $102.1M | ||
| Q3 25 | $30.8M | $67.1M | ||
| Q2 25 | $18.1M | $51.1M | ||
| Q1 25 | $-26.8M | $50.3M | ||
| Q4 24 | $35.2M | $60.2M | ||
| Q3 24 | $15.6M | $67.9M | ||
| Q2 24 | $8.6M | $39.6M | ||
| Q1 24 | $-26.0M | $26.6M |
自由现金流CFLTDLX
| Q4 25 | $41.7M | — | ||
| Q3 25 | $30.0M | — | ||
| Q2 25 | $17.2M | $27.8M | ||
| Q1 25 | $-28.2M | $24.3M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $15.0M | $46.7M | ||
| Q2 24 | $7.5M | $11.4M | ||
| Q1 24 | $-26.1M | $6.1M |
自由现金流率CFLTDLX
| Q4 25 | 13.2% | — | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 6.1% | 5.3% | ||
| Q1 25 | -10.4% | 4.5% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 6.0% | 8.8% | ||
| Q2 24 | 3.2% | 2.1% | ||
| Q1 24 | -12.0% | 1.1% |
资本支出强度CFLTDLX
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | 4.5% | ||
| Q1 25 | 0.5% | 4.8% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | 4.0% | ||
| Q2 24 | 0.5% | 5.2% | ||
| Q1 24 | 0.1% | 3.8% |
现金转化率CFLTDLX
| Q4 25 | — | 8.53× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 2.28× | ||
| Q1 25 | — | 3.59× | ||
| Q4 24 | — | 4.77× | ||
| Q3 24 | — | 7.60× | ||
| Q2 24 | — | 1.94× | ||
| Q1 24 | — | 2.46× |
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
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
