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Concentra Group Holdings Parent, Inc.（CON）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Concentra Group Holdings Parent, Inc.的1.1倍（$614.5M vs $539.1M），Concentra Group Holdings Parent, Inc.净利率更高（6.4% vs -2.0%，领先8.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $98.5M）
Concentra是美国的职业医疗服务商，1979年成立于得克萨斯州阿马里洛，总部位于得克萨斯州艾迪生。业务覆盖美国47个州，运营627家职业医疗中心和410个雇主驻地现场诊所，美国每7起职业伤害案例中就有1起由该机构提供诊疗服务。
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。
CON vs NET — 直观对比
营收规模更大
NET
是对方的1.1倍
$539.1M
净利率更高
CON
高出8.4%
-2.0%
自由现金流更多
NET
多$6.7M
$98.5M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $539.1M | $614.5M |
| 净利润 | $34.7M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 12.9% | -8.0% |
| 净利率 | 6.4% | -2.0% |
| 营收同比 | — | 33.6% |
| 净利润同比 | — | 6.0% |
| 每股收益（稀释后） | $0.27 | $-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CONNET
| Q4 25 | $539.1M | $614.5M | ||
| Q3 25 | $572.8M | $562.0M | ||
| Q2 25 | $550.8M | $512.3M | ||
| Q1 25 | $500.8M | $479.1M | ||
| Q4 24 | — | $459.9M | ||
| Q3 24 | $489.6M | $430.1M | ||
| Q2 24 | $477.9M | $401.0M | ||
| Q1 24 | — | $378.6M |
净利润CONNET
| Q4 25 | $34.7M | $-12.1M | ||
| Q3 25 | $48.3M | $-1.3M | ||
| Q2 25 | $44.6M | $-50.4M | ||
| Q1 25 | $38.9M | $-38.5M | ||
| Q4 24 | — | $-12.8M | ||
| Q3 24 | $44.3M | $-15.3M | ||
| Q2 24 | $51.7M | $-15.1M | ||
| Q1 24 | — | $-35.5M |
毛利率CONNET
| 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CONNET
| Q4 25 | 12.9% | -8.0% | ||
| Q3 25 | 16.5% | -6.7% | ||
| Q2 25 | 16.3% | -13.1% | ||
| Q1 25 | 16.0% | -11.1% | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | 17.6% | -7.2% | ||
| Q2 24 | 17.6% | -8.7% | ||
| Q1 24 | — | -14.4% |
净利率CONNET
| Q4 25 | 6.4% | -2.0% | ||
| Q3 25 | 8.4% | -0.2% | ||
| Q2 25 | 8.1% | -9.8% | ||
| Q1 25 | 7.8% | -8.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | 9.1% | -3.6% | ||
| Q2 24 | 10.8% | -3.8% | ||
| Q1 24 | — | -9.4% |
每股收益（稀释后）CONNET
| Q4 25 | $0.27 | $-0.03 | ||
| Q3 25 | $0.38 | $0.00 | ||
| Q2 25 | $0.35 | $-0.15 | ||
| Q1 25 | $0.30 | $-0.11 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | $0.37 | $-0.04 | ||
| Q2 24 | $0.50 | $-0.04 | ||
| Q1 24 | — | $-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 | $79.9M | $943.5M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $393.3M | $1.5B |
| 总资产 | $2.9B | $6.0B |
| 负债/权益比越低杠杆越低 | 3.98× | — |
8季度趋势，按日历期对齐
现金及短期投资CONNET
| Q4 25 | $79.9M | $943.5M | ||
| Q3 25 | $49.9M | $1.1B | ||
| Q2 25 | $73.9M | $1.5B | ||
| Q1 25 | $52.1M | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | $136.8M | $182.9M | ||
| Q2 24 | $50.7M | $157.0M | ||
| Q1 24 | — | $254.4M |
总债务CONNET
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $3.0M | — | ||
| Q1 24 | — | — |
股东权益CONNET
| Q4 25 | $393.3M | $1.5B | ||
| Q3 25 | $385.5M | $1.3B | ||
| Q2 25 | $342.6M | $1.2B | ||
| Q1 25 | $307.1M | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $277.8M | $973.1M | ||
| Q2 24 | $1.2B | $881.5M | ||
| Q1 24 | — | $797.2M |
总资产CONNET
| Q4 25 | $2.9B | $6.0B | ||
| Q3 25 | $2.8B | $5.8B | ||
| Q2 25 | $2.8B | $5.6B | ||
| Q1 25 | $2.7B | $3.7B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $2.5B | $3.1B | ||
| Q2 24 | $2.4B | $2.9B | ||
| Q1 24 | — | $2.8B |
负债/权益比CONNET
| Q4 25 | 3.98× | — | ||
| Q3 25 | 4.15× | — | ||
| Q2 25 | 4.82× | — | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.30× | — | ||
| Q2 24 | 0.00× | — | ||
| 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 | $118.7M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $98.5M | $105.2M |
| 自由现金流率自由现金流/营收 | 18.3% | 17.1% |
| 资本支出强度资本支出/营收 | 3.7% | 13.9% |
| 现金转化率经营现金流/净利润 | 3.42× | — |
| 过去12个月自由现金流最近4个季度 | $197.1M | $287.5M |
8季度趋势，按日历期对齐
经营现金流CONNET
| Q4 25 | $118.7M | $190.4M | ||
| Q3 25 | $60.6M | $167.1M | ||
| Q2 25 | $88.4M | $99.8M | ||
| Q1 25 | $11.7M | $145.8M | ||
| Q4 24 | — | $127.3M | ||
| Q3 24 | $65.9M | $104.7M | ||
| Q2 24 | — | $74.8M | ||
| Q1 24 | — | $73.6M |
自由现金流CONNET
| Q4 25 | $98.5M | $105.2M | ||
| Q3 25 | $39.4M | $82.5M | ||
| Q2 25 | $63.2M | $39.9M | ||
| Q1 25 | $-4.0M | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | $50.8M | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | — | $41.5M |
自由现金流率CONNET
| Q4 25 | 18.3% | 17.1% | ||
| Q3 25 | 6.9% | 14.7% | ||
| Q2 25 | 11.5% | 7.8% | ||
| Q1 25 | -0.8% | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | 10.4% | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 11.0% |
资本支出强度CONNET
| Q4 25 | 3.7% | 13.9% | ||
| Q3 25 | 3.7% | 15.1% | ||
| Q2 25 | 4.6% | 11.7% | ||
| Q1 25 | 3.1% | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | 3.1% | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 8.5% |
现金转化率CONNET
| Q4 25 | 3.42× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.98× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
CON
| Occupational Health Center Workers Compensation | $328.5M | 61% |
| Occupational Health Center Employer Services | $151.9M | 28% |
| Onsite Health Clinics | $36.2M | 7% |
| Other Businesses | $12.3M | 2% |
| Occupational Health Center Consumer Health | $8.1M | 2% |
| Occupational Health Center Other | $2.1M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
