vs
Core Natural Resources, Inc.（CNR）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Core Natural Resources, Inc.的季度营收约是Cloudflare, Inc.的1.7倍（$1.0B vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -7.6%，领先5.6%），Core Natural Resources, Inc.同比增速更快（81.8% vs 33.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $26.0M），过去两年Core Natural Resources, Inc.的营收复合增速更高（38.1% vs 27.4%）
Arch Resources（原阿奇煤炭）曾是美国煤炭开采加工企业，为美国第二大煤炭供应商，仅次于皮博迪能源，2011年占据美国国内15%的市场份额，主营低硫烟煤、次烟煤的开采、加工与销售，客户以发电企业为主。
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。
CNR vs NET — 直观对比
营收规模更大
CNR
是对方的1.7倍
$614.5M
营收增速更快
CNR
高出48.1%
33.6%
净利率更高
NET
高出5.6%
-7.6%
自由现金流更多
NET
多$79.2M
$26.0M
两年增速更快
CNR
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $614.5M |
| 净利润 | $-79.0M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | -9.3% | -8.0% |
| 净利率 | -7.6% | -2.0% |
| 营收同比 | 81.8% | 33.6% |
| 净利润同比 | -356.3% | 6.0% |
| 每股收益（稀释后） | $-1.51 | $-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CNRNET
| Q4 25 | $1.0B | $614.5M | ||
| Q3 25 | $1.0B | $562.0M | ||
| Q2 25 | $1.1B | $512.3M | ||
| Q1 25 | $1.0B | $479.1M | ||
| Q4 24 | $573.6M | $459.9M | ||
| Q3 24 | $553.4M | $430.1M | ||
| Q2 24 | $490.7M | $401.0M | ||
| Q1 24 | $546.7M | $378.6M |
净利润CNRNET
| Q4 25 | $-79.0M | $-12.1M | ||
| Q3 25 | $31.6M | $-1.3M | ||
| Q2 25 | $-36.6M | $-50.4M | ||
| Q1 25 | $-69.3M | $-38.5M | ||
| Q4 24 | $30.8M | $-12.8M | ||
| Q3 24 | $95.6M | $-15.3M | ||
| Q2 24 | $58.1M | $-15.1M | ||
| Q1 24 | $101.9M | $-35.5M |
毛利率CNRNET
| 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CNRNET
| Q4 25 | -9.3% | -8.0% | ||
| Q3 25 | -1.2% | -6.7% | ||
| Q2 25 | -1.7% | -13.1% | ||
| Q1 25 | -5.3% | -11.1% | ||
| Q4 24 | 6.6% | -7.5% | ||
| Q3 24 | 21.2% | -7.2% | ||
| Q2 24 | 14.6% | -8.7% | ||
| Q1 24 | 22.7% | -14.4% |
净利率CNRNET
| Q4 25 | -7.6% | -2.0% | ||
| Q3 25 | 3.2% | -0.2% | ||
| Q2 25 | -3.3% | -9.8% | ||
| Q1 25 | -6.8% | -8.0% | ||
| Q4 24 | 5.4% | -2.8% | ||
| Q3 24 | 17.3% | -3.6% | ||
| Q2 24 | 11.8% | -3.8% | ||
| Q1 24 | 18.6% | -9.4% |
每股收益（稀释后）CNRNET
| Q4 25 | $-1.51 | $-0.03 | ||
| Q3 25 | $0.61 | $0.00 | ||
| Q2 25 | $-0.70 | $-0.15 | ||
| Q1 25 | $-1.38 | $-0.11 | ||
| Q4 24 | $1.04 | $-0.05 | ||
| Q3 24 | $3.22 | $-0.04 | ||
| Q2 24 | $1.96 | $-0.04 | ||
| Q1 24 | $3.39 | $-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 | $432.2M | $943.5M |
| 总债务越低越好 | $354.2M | — |
| 股东权益账面价值 | $3.7B | $1.5B |
| 总资产 | $6.1B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.10× | — |
8季度趋势，按日历期对齐
现金及短期投资CNRNET
| Q4 25 | $432.2M | $943.5M | ||
| Q3 25 | $444.7M | $1.1B | ||
| Q2 25 | $413.2M | $1.5B | ||
| Q1 25 | $388.5M | $204.5M | ||
| Q4 24 | $460.2M | $147.7M | ||
| Q3 24 | $331.7M | $182.9M | ||
| Q2 24 | $216.1M | $157.0M | ||
| Q1 24 | $172.6M | $254.4M |
总债务CNRNET
| Q4 25 | $354.2M | — | ||
| Q3 25 | $334.5M | — | ||
| Q2 25 | $334.0M | — | ||
| Q1 25 | $329.8M | — | ||
| Q4 24 | $94.8M | — | ||
| Q3 24 | $83.7M | — | ||
| Q2 24 | $184.9M | — | ||
| Q1 24 | $185.5M | — |
股东权益CNRNET
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | $3.8B | $1.3B | ||
| Q2 25 | $3.8B | $1.2B | ||
| Q1 25 | $3.9B | $1.4B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.5B | $973.1M | ||
| Q2 24 | $1.4B | $881.5M | ||
| Q1 24 | $1.4B | $797.2M |
总资产CNRNET
| Q4 25 | $6.1B | $6.0B | ||
| Q3 25 | $6.2B | $5.8B | ||
| Q2 25 | $6.2B | $5.6B | ||
| Q1 25 | $6.3B | $3.7B | ||
| Q4 24 | $2.9B | $3.3B | ||
| Q3 24 | $2.8B | $3.1B | ||
| Q2 24 | $2.7B | $2.9B | ||
| Q1 24 | $2.7B | $2.8B |
负债/权益比CNRNET
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.09× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 0.13× | — | ||
| Q1 24 | 0.13× | — |
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 | $107.3M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 2.5% | 17.1% |
| 资本支出强度资本支出/营收 | 7.8% | 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 | $21.2M | $287.5M |
8季度趋势，按日历期对齐
经营现金流CNRNET
| Q4 25 | $107.3M | $190.4M | ||
| Q3 25 | $87.9M | $167.1M | ||
| Q2 25 | $220.2M | $99.8M | ||
| Q1 25 | $-109.6M | $145.8M | ||
| Q4 24 | $121.3M | $127.3M | ||
| Q3 24 | $161.3M | $104.7M | ||
| Q2 24 | $116.3M | $74.8M | ||
| Q1 24 | $77.5M | $73.6M |
自由现金流CNRNET
| Q4 25 | $26.0M | $105.2M | ||
| Q3 25 | $38.6M | $82.5M | ||
| Q2 25 | $131.0M | $39.9M | ||
| Q1 25 | $-174.5M | $59.9M | ||
| Q4 24 | $80.5M | $54.2M | ||
| Q3 24 | $121.9M | $54.5M | ||
| Q2 24 | $60.9M | $45.2M | ||
| Q1 24 | $35.1M | $41.5M |
自由现金流率CNRNET
| Q4 25 | 2.5% | 17.1% | ||
| Q3 25 | 3.9% | 14.7% | ||
| Q2 25 | 11.9% | 7.8% | ||
| Q1 25 | -17.1% | 12.5% | ||
| Q4 24 | 14.0% | 11.8% | ||
| Q3 24 | 22.0% | 12.7% | ||
| Q2 24 | 12.4% | 11.3% | ||
| Q1 24 | 6.4% | 11.0% |
资本支出强度CNRNET
| Q4 25 | 7.8% | 13.9% | ||
| Q3 25 | 4.9% | 15.1% | ||
| Q2 25 | 8.1% | 11.7% | ||
| Q1 25 | 6.4% | 17.9% | ||
| Q4 24 | 7.1% | 15.9% | ||
| Q3 24 | 7.1% | 11.7% | ||
| Q2 24 | 11.3% | 7.4% | ||
| Q1 24 | 7.7% | 8.5% |
现金转化率CNRNET
| Q4 25 | — | — | ||
| Q3 25 | 2.78× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 0.76× | — |
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
CNR
| Other | $397.4M | 38% |
| Power Generation | $376.5M | 36% |
| PRB | $183.0M | 18% |
| Metallurgical | $42.0M | 4% |
| Industrial | $34.1M | 3% |
| Terminal Revenue | $6.4M | 1% |
| Other Revenue | $3.0M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
