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COMERICA INC（CMA）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
COMERICA INC的季度营收约是Cloudflare, Inc.的1.4倍（$838.0M vs $614.5M），COMERICA INC净利率更高（21.0% vs -2.0%，领先23.0%），Cloudflare, Inc.同比增速更快（33.6% vs 3.3%），过去两年COMERICA INC的营收复合增速更高（108.9% vs 27.4%）
Comerica公司是总部位于美国得克萨斯州达拉斯的金融服务企业，为美国大型金融控股公司之一。旗下Comerica银行为区域性商业银行，在得克萨斯、密歇根、加利福尼亚、佛罗里达、亚利桑那五州共设413家网点，在美国多座城市设有办公场所。
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。
CMA vs NET — 直观对比
营收规模更大
CMA
是对方的1.4倍
$614.5M
营收增速更快
NET
高出30.3%
3.3%
净利率更高
CMA
高出23.0%
-2.0%
两年增速更快
CMA
近两年复合增速
27.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $838.0M | $614.5M |
| 净利润 | $176.0M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | — | -8.0% |
| 净利率 | 21.0% | -2.0% |
| 营收同比 | 3.3% | 33.6% |
| 净利润同比 | -4.3% | 6.0% |
| 每股收益（稀释后） | $1.35 | $-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CMANET
| Q4 25 | — | $614.5M | ||
| Q3 25 | $838.0M | $562.0M | ||
| Q2 25 | $849.0M | $512.3M | ||
| Q1 25 | $829.0M | $479.1M | ||
| Q4 24 | $825.0M | $459.9M | ||
| Q3 24 | $811.0M | $430.1M | ||
| Q2 24 | $824.0M | $401.0M | ||
| Q1 24 | $784.0M | $378.6M |
净利润CMANET
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $176.0M | $-1.3M | ||
| Q2 25 | $199.0M | $-50.4M | ||
| Q1 25 | $172.0M | $-38.5M | ||
| Q4 24 | $170.0M | $-12.8M | ||
| Q3 24 | $184.0M | $-15.3M | ||
| Q2 24 | $206.0M | $-15.1M | ||
| Q1 24 | $138.0M | $-35.5M |
毛利率CMANET
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
营业利润率CMANET
| Q4 25 | — | -8.0% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | — | -13.1% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | — | -7.2% | ||
| Q2 24 | — | -8.7% | ||
| Q1 24 | — | -14.4% |
净利率CMANET
| Q4 25 | — | -2.0% | ||
| Q3 25 | 21.0% | -0.2% | ||
| Q2 25 | 23.4% | -9.8% | ||
| Q1 25 | 20.7% | -8.0% | ||
| Q4 24 | 20.6% | -2.8% | ||
| Q3 24 | 22.7% | -3.6% | ||
| Q2 24 | 25.0% | -3.8% | ||
| Q1 24 | 17.6% | -9.4% |
每股收益（稀释后）CMANET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $1.35 | $0.00 | ||
| Q2 25 | $1.42 | $-0.15 | ||
| Q1 25 | $1.25 | $-0.11 | ||
| Q4 24 | $1.22 | $-0.05 | ||
| Q3 24 | $1.33 | $-0.04 | ||
| Q2 24 | $1.49 | $-0.04 | ||
| Q1 24 | $0.98 | $-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 | — | $943.5M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $7.4B | $1.5B |
| 总资产 | $77.4B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资CMANET
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
总债务CMANET
| Q4 25 | — | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
股东权益CMANET
| Q4 25 | — | $1.5B | ||
| Q3 25 | $7.4B | $1.3B | ||
| Q2 25 | $6.9B | $1.2B | ||
| Q1 25 | $7.1B | $1.4B | ||
| Q4 24 | $6.5B | $1.0B | ||
| Q3 24 | $7.4B | $973.1M | ||
| Q2 24 | $6.2B | $881.5M | ||
| Q1 24 | $6.0B | $797.2M |
总资产CMANET
| Q4 25 | — | $6.0B | ||
| Q3 25 | $77.4B | $5.8B | ||
| Q2 25 | $78.0B | $5.6B | ||
| Q1 25 | $77.6B | $3.7B | ||
| Q4 24 | $79.3B | $3.3B | ||
| Q3 24 | $79.7B | $3.1B | ||
| Q2 24 | $79.6B | $2.9B | ||
| Q1 24 | $79.4B | $2.8B |
负债/权益比CMANET
| Q4 25 | — | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
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 | $-270.0M | $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 | — | 13.9% |
| 现金转化率经营现金流/净利润 | -1.53× | — |
| 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CMANET
| Q4 25 | — | $190.4M | ||
| Q3 25 | $-270.0M | $167.1M | ||
| Q2 25 | $476.0M | $99.8M | ||
| Q1 25 | $273.0M | $145.8M | ||
| Q4 24 | $601.0M | $127.3M | ||
| Q3 24 | $1.0B | $104.7M | ||
| Q2 24 | $111.0M | $74.8M | ||
| Q1 24 | $-205.0M | $73.6M |
自由现金流CMANET
| Q4 25 | — | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | — | $41.5M |
自由现金流率CMANET
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 11.0% |
资本支出强度CMANET
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 8.5% |
现金转化率CMANET
| Q4 25 | — | — | ||
| Q3 25 | -1.53× | — | ||
| Q2 25 | 2.39× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 5.70× | — | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | -1.49× | — |
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
CMA
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
