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LG化学（CHE）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是LG化学的1.5倍（$614.5M vs $420.0M），LG化学净利率更高（15.8% vs -2.0%，领先17.8%），Cloudflare, Inc.同比增速更快（33.6% vs 3.1%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 5.9%）
LG化学是韩国最大的化工企业，总部位于韩国首尔，2021年按销售额统计为全球第九大化工企业。其前身为生产化妆品的乐喜化学工业株式会社，目前已全面转型为仅面向企业客户的B2B经营模式。
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。
CHE vs NET — 直观对比
营收规模更大
NET
是对方的1.5倍
$420.0M
营收增速更快
NET
高出30.5%
3.1%
净利率更高
CHE
高出17.8%
-2.0%
两年增速更快
NET
近两年复合增速
5.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $614.5M |
| 净利润 | $66.3M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 20.1% | -8.0% |
| 净利率 | 15.8% | -2.0% |
| 营收同比 | 3.1% | 33.6% |
| 净利润同比 | -7.6% | 6.0% |
| 每股收益（稀释后） | — | $-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CHENET
| Q1 26 | $420.0M | — | ||
| Q4 25 | $639.3M | $614.5M | ||
| Q3 25 | $624.9M | $562.0M | ||
| Q2 25 | $618.8M | $512.3M | ||
| Q1 25 | $646.9M | $479.1M | ||
| Q4 24 | $411.0M | $459.9M | ||
| Q3 24 | $391.4M | $430.1M | ||
| Q2 24 | $374.6M | $401.0M |
净利润CHENET
| Q1 26 | $66.3M | — | ||
| Q4 25 | $76.8M | $-12.1M | ||
| Q3 25 | $64.2M | $-1.3M | ||
| Q2 25 | $52.5M | $-50.4M | ||
| Q1 25 | $71.8M | $-38.5M | ||
| Q4 24 | $90.3M | $-12.8M | ||
| Q3 24 | $75.8M | $-15.3M | ||
| Q2 24 | $70.9M | $-15.1M |
毛利率CHENET
| Q1 26 | — | — | ||
| Q4 25 | 35.2% | 73.6% | ||
| Q3 25 | 31.5% | 74.0% | ||
| Q2 25 | 29.8% | 74.9% | ||
| Q1 25 | 33.5% | 75.9% | ||
| Q4 24 | 1.2% | 76.4% | ||
| Q3 24 | -1.2% | 77.7% | ||
| Q2 24 | -4.1% | 77.8% |
营业利润率CHENET
| Q1 26 | 20.1% | — | ||
| Q4 25 | 15.7% | -8.0% | ||
| Q3 25 | 12.0% | -6.7% | ||
| Q2 25 | 11.0% | -13.1% | ||
| Q1 25 | 14.6% | -11.1% | ||
| Q4 24 | 27.7% | -7.5% | ||
| Q3 24 | 23.5% | -7.2% | ||
| Q2 24 | 23.5% | -8.7% |
净利率CHENET
| Q1 26 | 15.8% | — | ||
| Q4 25 | 12.0% | -2.0% | ||
| Q3 25 | 10.3% | -0.2% | ||
| Q2 25 | 8.5% | -9.8% | ||
| Q1 25 | 11.1% | -8.0% | ||
| Q4 24 | 22.0% | -2.8% | ||
| Q3 24 | 19.4% | -3.6% | ||
| Q2 24 | 18.9% | -3.8% |
每股收益（稀释后）CHENET
| Q1 26 | — | — | ||
| Q4 25 | $5.45 | $-0.03 | ||
| Q3 25 | $4.46 | $0.00 | ||
| Q2 25 | $3.57 | $-0.15 | ||
| Q1 25 | $4.86 | $-0.11 | ||
| Q4 24 | $6.00 | $-0.05 | ||
| Q3 24 | $5.00 | $-0.04 | ||
| Q2 24 | $4.65 | $-0.04 |
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 | $16.9M | $943.5M |
| 总债务越低越好 | $91.2M | — |
| 股东权益账面价值 | $848.0M | $1.5B |
| 总资产 | $1.5B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.11× | — |
8季度趋势，按日历期对齐
现金及短期投资CHENET
| Q1 26 | $16.9M | — | ||
| Q4 25 | $74.5M | $943.5M | ||
| Q3 25 | $129.8M | $1.1B | ||
| Q2 25 | $249.9M | $1.5B | ||
| Q1 25 | $173.9M | $204.5M | ||
| Q4 24 | $178.3M | $147.7M | ||
| Q3 24 | $238.5M | $182.9M | ||
| Q2 24 | $222.9M | $157.0M |
总债务CHENET
| Q1 26 | $91.2M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CHENET
| Q1 26 | $848.0M | — | ||
| Q4 25 | $979.4M | $1.5B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.2B | $973.1M | ||
| Q2 24 | $1.2B | $881.5M |
总资产CHENET
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $6.0B | ||
| Q3 25 | $1.6B | $5.8B | ||
| Q2 25 | $1.7B | $5.6B | ||
| Q1 25 | $1.7B | $3.7B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.7B | $2.9B |
负债/权益比CHENET
| Q1 26 | 0.11× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $88.2M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | — | $105.2M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | 4.1% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.33× | — |
| 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CHENET
| Q1 26 | $88.2M | — | ||
| Q4 25 | $133.5M | $190.4M | ||
| Q3 25 | $83.4M | $167.1M | ||
| Q2 25 | $138.6M | $99.8M | ||
| Q1 25 | $32.7M | $145.8M | ||
| Q4 24 | $164.9M | $127.3M | ||
| Q3 24 | $90.5M | $104.7M | ||
| Q2 24 | $77.5M | $74.8M |
自由现金流CHENET
| Q1 26 | — | — | ||
| Q4 25 | $117.2M | $105.2M | ||
| Q3 25 | $66.0M | $82.5M | ||
| Q2 25 | $122.8M | $39.9M | ||
| Q1 25 | $19.5M | $59.9M | ||
| Q4 24 | $152.2M | $54.2M | ||
| Q3 24 | $77.0M | $54.5M | ||
| Q2 24 | $66.5M | $45.2M |
自由现金流率CHENET
| Q1 26 | — | — | ||
| Q4 25 | 18.3% | 17.1% | ||
| Q3 25 | 10.6% | 14.7% | ||
| Q2 25 | 19.8% | 7.8% | ||
| Q1 25 | 3.0% | 12.5% | ||
| Q4 24 | 37.0% | 11.8% | ||
| Q3 24 | 19.7% | 12.7% | ||
| Q2 24 | 17.7% | 11.3% |
资本支出强度CHENET
| Q1 26 | 4.1% | — | ||
| Q4 25 | 2.6% | 13.9% | ||
| Q3 25 | 2.8% | 15.1% | ||
| Q2 25 | 2.6% | 11.7% | ||
| Q1 25 | 2.1% | 17.9% | ||
| Q4 24 | 3.1% | 15.9% | ||
| Q3 24 | 3.5% | 11.7% | ||
| Q2 24 | 3.0% | 7.4% |
现金转化率CHENET
| Q1 26 | 1.33× | — | ||
| Q4 25 | 1.74× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.64× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.09× | — |
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
CHE
| Homecare | $371.1M | 88% |
| Inpatient | $35.9M | 9% |
| Other | $13.0M | 3% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
