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Corpay（CPAY）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Corpay的季度营收约是Cloudflare, Inc.的2.0倍（$1.2B vs $639.8M），Corpay净利率更高（21.2% vs -3.6%，领先24.8%），Cloudflare, Inc.同比增速更快（33.5% vs 20.7%），Corpay自由现金流更多（$760.3M vs $84.1M），过去两年Cloudflare, Inc.的营收复合增速更高（26.3% vs 15.5%）
Corpay总部位于美国佐治亚州亚特兰大，是专业的支付与支出管理服务提供商，旗下系统及服务可帮助客户高效管控采购、支付全流程的相关费用，核心业务覆盖车辆相关支出、住宿支出及企业支付三大领域。
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。
CPAY vs NET — 直观对比
营收规模更大
CPAY
是对方的2.0倍
$639.8M
营收增速更快
NET
高出12.9%
20.7%
净利率更高
CPAY
高出24.8%
-3.6%
自由现金流更多
CPAY
多$676.2M
$84.1M
两年增速更快
NET
近两年复合增速
15.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $639.8M |
| 净利润 | $264.5M | $-22.9M |
| 毛利率 | — | 71.2% |
| 营业利润率 | 45.2% | 19.1% |
| 净利率 | 21.2% | -3.6% |
| 营收同比 | 20.7% | 33.5% |
| 净利润同比 | 7.5% | 40.4% |
| 每股收益（稀释后） | $3.74 | $-0.07 |
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CPAYNET
| Q1 26 | — | $639.8M | ||
| Q4 25 | $1.2B | $614.5M | ||
| Q3 25 | $1.2B | $562.0M | ||
| Q2 25 | $1.1B | $512.3M | ||
| Q1 25 | $1.0B | $479.1M | ||
| Q4 24 | $1.0B | $459.9M | ||
| Q3 24 | $1.0B | $430.1M | ||
| Q2 24 | $975.7M | $401.0M |
净利润CPAYNET
| Q1 26 | — | $-22.9M | ||
| Q4 25 | $264.5M | $-12.1M | ||
| Q3 25 | $277.9M | $-1.3M | ||
| Q2 25 | $284.2M | $-50.4M | ||
| Q1 25 | $243.2M | $-38.5M | ||
| Q4 24 | $246.0M | $-12.8M | ||
| Q3 24 | $276.4M | $-15.3M | ||
| Q2 24 | $251.6M | $-15.1M |
毛利率CPAYNET
| Q1 26 | — | 71.2% | ||
| 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% |
营业利润率CPAYNET
| Q1 26 | — | 19.1% | ||
| Q4 25 | 45.2% | -8.0% | ||
| Q3 25 | 44.6% | -6.7% | ||
| Q2 25 | 43.5% | -13.1% | ||
| Q1 25 | 42.5% | -11.1% | ||
| Q4 24 | 47.2% | -7.5% | ||
| Q3 24 | 45.5% | -7.2% | ||
| Q2 24 | 44.4% | -8.7% |
净利率CPAYNET
| Q1 26 | — | -3.6% | ||
| Q4 25 | 21.2% | -2.0% | ||
| Q3 25 | 23.7% | -0.2% | ||
| Q2 25 | 25.8% | -9.8% | ||
| Q1 25 | 24.2% | -8.0% | ||
| Q4 24 | 23.8% | -2.8% | ||
| Q3 24 | 26.9% | -3.6% | ||
| Q2 24 | 25.8% | -3.8% |
每股收益（稀释后）CPAYNET
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $3.74 | $-0.03 | ||
| Q3 25 | $3.91 | $0.00 | ||
| Q2 25 | $3.98 | $-0.15 | ||
| Q1 25 | $3.40 | $-0.11 | ||
| Q4 24 | $3.43 | $-0.05 | ||
| Q3 24 | $3.90 | $-0.04 | ||
| Q2 24 | $3.52 | $-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 | $2.4B | $932.2M |
| 总债务越低越好 | $10.0B | — |
| 股东权益账面价值 | $3.9B | $1.5B |
| 总资产 | $26.4B | $6.2B |
| 负债/权益比越低杠杆越低 | 2.58× | — |
8季度趋势，按日历期对齐
现金及短期投资CPAYNET
| Q1 26 | — | $932.2M | ||
| Q4 25 | $2.4B | $943.5M | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $1.6B | $204.5M | ||
| Q4 24 | $1.6B | $147.7M | ||
| Q3 24 | $1.3B | $182.9M | ||
| Q2 24 | $1.4B | $157.0M |
总债务CPAYNET
| Q1 26 | — | — | ||
| Q4 25 | $10.0B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CPAYNET
| Q1 26 | — | $1.5B | ||
| Q4 25 | $3.9B | $1.5B | ||
| Q3 25 | $4.1B | $1.3B | ||
| Q2 25 | $3.9B | $1.2B | ||
| Q1 25 | $3.5B | $1.4B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.1B | $973.1M | ||
| Q2 24 | $2.8B | $881.5M |
总资产CPAYNET
| Q1 26 | — | $6.2B | ||
| Q4 25 | $26.4B | $6.0B | ||
| Q3 25 | $19.7B | $5.8B | ||
| Q2 25 | $20.4B | $5.6B | ||
| Q1 25 | $18.5B | $3.7B | ||
| Q4 24 | $18.0B | $3.3B | ||
| Q3 24 | $17.6B | $3.1B | ||
| Q2 24 | $16.2B | $2.9B |
负债/权益比CPAYNET
| Q1 26 | — | — | ||
| Q4 25 | 2.58× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| 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 | $812.7M | $158.3M |
| 自由现金流经营现金流 - 资本支出 | $760.3M | $84.1M |
| 自由现金流率自由现金流/营收 | 60.9% | 13.1% |
| 资本支出强度资本支出/营收 | 4.2% | — |
| 现金转化率经营现金流/净利润 | 3.07× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $311.7M |
8季度趋势，按日历期对齐
经营现金流CPAYNET
| Q1 26 | — | $158.3M | ||
| Q4 25 | $812.7M | $190.4M | ||
| Q3 25 | $-378.9M | $167.1M | ||
| Q2 25 | $1.1B | $99.8M | ||
| Q1 25 | $-74.2M | $145.8M | ||
| Q4 24 | $648.7M | $127.3M | ||
| Q3 24 | $400.8M | $104.7M | ||
| Q2 24 | $540.9M | $74.8M |
自由现金流CPAYNET
| Q1 26 | — | $84.1M | ||
| Q4 25 | $760.3M | $105.2M | ||
| Q3 25 | $-429.8M | $82.5M | ||
| Q2 25 | $1.1B | $39.9M | ||
| Q1 25 | $-118.9M | $59.9M | ||
| Q4 24 | $604.6M | $54.2M | ||
| Q3 24 | $355.0M | $54.5M | ||
| Q2 24 | $496.8M | $45.2M |
自由现金流率CPAYNET
| Q1 26 | — | 13.1% | ||
| Q4 25 | 60.9% | 17.1% | ||
| Q3 25 | -36.7% | 14.7% | ||
| Q2 25 | 98.7% | 7.8% | ||
| Q1 25 | -11.8% | 12.5% | ||
| Q4 24 | 58.4% | 11.8% | ||
| Q3 24 | 34.5% | 12.7% | ||
| Q2 24 | 50.9% | 11.3% |
资本支出强度CPAYNET
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 13.9% | ||
| Q3 25 | 4.3% | 15.1% | ||
| Q2 25 | 4.8% | 11.7% | ||
| Q1 25 | 4.5% | 17.9% | ||
| Q4 24 | 4.3% | 15.9% | ||
| Q3 24 | 4.4% | 11.7% | ||
| Q2 24 | 4.5% | 7.4% |
现金转化率CPAYNET
| Q1 26 | — | — | ||
| Q4 25 | 3.07× | — | ||
| Q3 25 | -1.36× | — | ||
| Q2 25 | 4.01× | — | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | 2.15× | — |
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
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
NET
暂无分部数据
