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Capri Holdings Ltd（CPRI）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Capri Holdings Ltd的季度营收约是Cloudflare, Inc.的1.7倍（$1.0B vs $614.5M），Capri Holdings Ltd净利率更高（11.3% vs -2.0%，领先13.3%），Cloudflare, Inc.同比增速更快（33.6% vs -18.7%），Capri Holdings Ltd自由现金流更多（$183.0M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -15.2%）
卡普里控股是一家跨国时尚集团，注册于英属维尔京群岛，行政总部位于伦敦，运营办公室设在纽约。品牌由美国设计师迈克尔·高仕于1981年创立，主营服饰、鞋履、手表、手袋及其他配饰产品，截至2015年在全球拥有550余家门店，以及超过1500个店中店专柜。
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。
CPRI vs NET — 直观对比
营收规模更大
CPRI
是对方的1.7倍
$614.5M
营收增速更快
NET
高出52.3%
-18.7%
净利率更高
CPRI
高出13.3%
-2.0%
自由现金流更多
CPRI
多$77.8M
$105.2M
两年增速更快
NET
近两年复合增速
-15.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $614.5M |
| 净利润 | $116.0M | $-12.1M |
| 毛利率 | 60.8% | 73.6% |
| 营业利润率 | 4.5% | -8.0% |
| 净利率 | 11.3% | -2.0% |
| 营收同比 | -18.7% | 33.6% |
| 净利润同比 | 121.2% | 6.0% |
| 每股收益（稀释后） | $0.96 | $-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CPRINET
| Q4 25 | $1.0B | $614.5M | ||
| Q3 25 | $856.0M | $562.0M | ||
| Q2 25 | $797.0M | $512.3M | ||
| Q1 25 | $1.6B | $479.1M | ||
| Q4 24 | $1.1B | $459.9M | ||
| Q3 24 | $878.0M | $430.1M | ||
| Q2 24 | $848.0M | $401.0M | ||
| Q1 24 | — | $378.6M |
净利润CPRINET
| Q4 25 | $116.0M | $-12.1M | ||
| Q3 25 | $-28.0M | $-1.3M | ||
| Q2 25 | $53.0M | $-50.4M | ||
| Q1 25 | $-645.0M | $-38.5M | ||
| Q4 24 | $-547.0M | $-12.8M | ||
| Q3 24 | $24.0M | $-15.3M | ||
| Q2 24 | $-14.0M | $-15.1M | ||
| Q1 24 | — | $-35.5M |
毛利率CPRINET
| Q4 25 | 60.8% | 73.6% | ||
| Q3 25 | 61.0% | 74.0% | ||
| Q2 25 | 63.0% | 74.9% | ||
| Q1 25 | 64.9% | 75.9% | ||
| Q4 24 | 63.1% | 76.4% | ||
| Q3 24 | 62.3% | 77.7% | ||
| Q2 24 | 63.1% | 77.8% | ||
| Q1 24 | — | 77.5% |
营业利润率CPRINET
| Q4 25 | 4.5% | -8.0% | ||
| Q3 25 | -1.4% | -6.7% | ||
| Q2 25 | 2.0% | -13.1% | ||
| Q1 25 | -47.5% | -11.1% | ||
| Q4 24 | 2.4% | -7.5% | ||
| Q3 24 | -0.7% | -7.2% | ||
| Q2 24 | 1.3% | -8.7% | ||
| Q1 24 | — | -14.4% |
净利率CPRINET
| Q4 25 | 11.3% | -2.0% | ||
| Q3 25 | -3.3% | -0.2% | ||
| Q2 25 | 6.6% | -9.8% | ||
| Q1 25 | -39.1% | -8.0% | ||
| Q4 24 | -51.2% | -2.8% | ||
| Q3 24 | 2.7% | -3.6% | ||
| Q2 24 | -1.7% | -3.8% | ||
| Q1 24 | — | -9.4% |
每股收益（稀释后）CPRINET
| Q4 25 | $0.96 | $-0.03 | ||
| Q3 25 | $-0.22 | $0.00 | ||
| Q2 25 | $0.44 | $-0.15 | ||
| Q1 25 | $-5.47 | $-0.11 | ||
| Q4 24 | $-4.61 | $-0.05 | ||
| Q3 24 | $0.20 | $-0.04 | ||
| Q2 24 | $-0.12 | $-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 | $154.0M | $943.5M |
| 总债务越低越好 | $234.0M | — |
| 股东权益账面价值 | $105.0M | $1.5B |
| 总资产 | $3.3B | $6.0B |
| 负债/权益比越低杠杆越低 | 2.23× | — |
8季度趋势，按日历期对齐
现金及短期投资CPRINET
| Q4 25 | $154.0M | $943.5M | ||
| Q3 25 | $120.0M | $1.1B | ||
| Q2 25 | $129.0M | $1.5B | ||
| Q1 25 | $107.0M | $204.5M | ||
| Q4 24 | $356.0M | $147.7M | ||
| Q3 24 | $182.0M | $182.9M | ||
| Q2 24 | $213.0M | $157.0M | ||
| Q1 24 | — | $254.4M |
总债务CPRINET
| Q4 25 | $234.0M | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | — | — |
股东权益CPRINET
| Q4 25 | $105.0M | $1.5B | ||
| Q3 25 | $-74.0M | $1.3B | ||
| Q2 25 | $-17.0M | $1.2B | ||
| Q1 25 | $368.0M | $1.4B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.5B | $973.1M | ||
| Q2 24 | $1.6B | $881.5M | ||
| Q1 24 | — | $797.2M |
总资产CPRINET
| Q4 25 | $3.3B | $6.0B | ||
| Q3 25 | $5.6B | $5.8B | ||
| Q2 25 | $5.5B | $5.6B | ||
| Q1 25 | $5.2B | $3.7B | ||
| Q4 24 | $5.9B | $3.3B | ||
| Q3 24 | $6.8B | $3.1B | ||
| Q2 24 | $6.6B | $2.9B | ||
| Q1 24 | — | $2.8B |
负债/权益比CPRINET
| Q4 25 | 2.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 4.05× | — | ||
| Q4 24 | 1.38× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.08× | — | ||
| 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 | $202.0M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $183.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 17.9% | 17.1% |
| 资本支出强度资本支出/营收 | 1.9% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.74× | — |
| 过去12个月自由现金流最近4个季度 | $-134.0M | $287.5M |
8季度趋势，按日历期对齐
经营现金流CPRINET
| Q4 25 | $202.0M | $190.4M | ||
| Q3 25 | $-52.0M | $167.1M | ||
| Q2 25 | $-8.0M | $99.8M | ||
| Q1 25 | $-161.0M | $145.8M | ||
| Q4 24 | $309.0M | $127.3M | ||
| Q3 24 | $50.0M | $104.7M | ||
| Q2 24 | $83.0M | $74.8M | ||
| Q1 24 | — | $73.6M |
自由现金流CPRINET
| Q4 25 | $183.0M | $105.2M | ||
| Q3 25 | $-65.0M | $82.5M | ||
| Q2 25 | $-21.0M | $39.9M | ||
| Q1 25 | $-231.0M | $59.9M | ||
| Q4 24 | $287.0M | $54.2M | ||
| Q3 24 | $30.0M | $54.5M | ||
| Q2 24 | $67.0M | $45.2M | ||
| Q1 24 | — | $41.5M |
自由现金流率CPRINET
| Q4 25 | 17.9% | 17.1% | ||
| Q3 25 | -7.6% | 14.7% | ||
| Q2 25 | -2.6% | 7.8% | ||
| Q1 25 | -14.0% | 12.5% | ||
| Q4 24 | 26.9% | 11.8% | ||
| Q3 24 | 3.4% | 12.7% | ||
| Q2 24 | 7.9% | 11.3% | ||
| Q1 24 | — | 11.0% |
资本支出强度CPRINET
| Q4 25 | 1.9% | 13.9% | ||
| Q3 25 | 1.5% | 15.1% | ||
| Q2 25 | 1.6% | 11.7% | ||
| Q1 25 | 4.2% | 17.9% | ||
| Q4 24 | 2.1% | 15.9% | ||
| Q3 24 | 2.3% | 11.7% | ||
| Q2 24 | 1.9% | 7.4% | ||
| Q1 24 | — | 8.5% |
现金转化率CPRINET
| Q4 25 | 1.74× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.15× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.08× | — | ||
| 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
CPRI
| Michael Kors Segment | $593.0M | 58% |
| Other | $379.0M | 37% |
| Jimmy Choo Segment | $53.0M | 5% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
