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COMSTOCK RESOURCES INC（CRK）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
COMSTOCK RESOURCES INC的季度营收约是Cloudflare, Inc.的1.3倍（$787.3M vs $614.5M），COMSTOCK RESOURCES INC净利率更高（35.7% vs -2.0%，领先37.6%），COMSTOCK RESOURCES INC同比增速更快（114.3% vs 33.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-141.2M），过去两年COMSTOCK RESOURCES INC的营收复合增速更高（53.1% vs 27.4%）
Comstock Resources Inc.是一家独立能源企业，主要从事天然气、原油及天然气凝液的勘探、开发、生产与销售业务，核心运营资产位于美国得州和路易斯安那州的页岩产区，服务北美能源市场。
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。
CRK vs NET — 直观对比
营收规模更大
CRK
是对方的1.3倍
$614.5M
营收增速更快
CRK
高出80.7%
33.6%
净利率更高
CRK
高出37.6%
-2.0%
自由现金流更多
NET
多$246.5M
$-141.2M
两年增速更快
CRK
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $787.3M | $614.5M |
| 净利润 | $280.9M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 48.3% | -8.0% |
| 净利率 | 35.7% | -2.0% |
| 营收同比 | 114.3% | 33.6% |
| 净利润同比 | 583.3% | 6.0% |
| 每股收益（稀释后） | $0.99 | $-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CRKNET
| Q4 25 | $787.3M | $614.5M | ||
| Q3 25 | $449.9M | $562.0M | ||
| Q2 25 | $470.3M | $512.3M | ||
| Q1 25 | $512.9M | $479.1M | ||
| Q4 24 | $367.4M | $459.9M | ||
| Q3 24 | $304.5M | $430.1M | ||
| Q2 24 | $246.8M | $401.0M | ||
| Q1 24 | $335.8M | $378.6M |
净利润CRKNET
| Q4 25 | $280.9M | $-12.1M | ||
| Q3 25 | $111.1M | $-1.3M | ||
| Q2 25 | $124.8M | $-50.4M | ||
| Q1 25 | $-121.3M | $-38.5M | ||
| Q4 24 | $-58.1M | $-12.8M | ||
| Q3 24 | $-28.9M | $-15.3M | ||
| Q2 24 | $-126.3M | $-15.1M | ||
| Q1 24 | $-16.3M | $-35.5M |
毛利率CRKNET
| 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CRKNET
| Q4 25 | 48.3% | -8.0% | ||
| Q3 25 | 11.2% | -6.7% | ||
| Q2 25 | 19.0% | -13.1% | ||
| Q1 25 | 24.6% | -11.1% | ||
| Q4 24 | -0.5% | -7.5% | ||
| Q3 24 | -20.1% | -7.2% | ||
| Q2 24 | -37.5% | -8.7% | ||
| Q1 24 | -3.8% | -14.4% |
净利率CRKNET
| Q4 25 | 35.7% | -2.0% | ||
| Q3 25 | 24.7% | -0.2% | ||
| Q2 25 | 26.5% | -9.8% | ||
| Q1 25 | -23.6% | -8.0% | ||
| Q4 24 | -15.8% | -2.8% | ||
| Q3 24 | -9.5% | -3.6% | ||
| Q2 24 | -51.2% | -3.8% | ||
| Q1 24 | -4.9% | -9.4% |
每股收益（稀释后）CRKNET
| Q4 25 | $0.99 | $-0.03 | ||
| Q3 25 | $0.40 | $0.00 | ||
| Q2 25 | $0.44 | $-0.15 | ||
| Q1 25 | $-0.40 | $-0.11 | ||
| Q4 24 | $-0.19 | $-0.05 | ||
| Q3 24 | $-0.09 | $-0.04 | ||
| Q2 24 | $-0.43 | $-0.04 | ||
| Q1 24 | $-0.05 | $-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 | $23.9M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $1.5B |
| 总资产 | $7.0B | $6.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CRKNET
| Q4 25 | $23.9M | $943.5M | ||
| Q3 25 | $19.2M | $1.1B | ||
| Q2 25 | $25.9M | $1.5B | ||
| Q1 25 | $32.9M | $204.5M | ||
| Q4 24 | $6.8M | $147.7M | ||
| Q3 24 | $13.8M | $182.9M | ||
| Q2 24 | $19.3M | $157.0M | ||
| Q1 24 | $6.4M | $254.4M |
股东权益CRKNET
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.2B | $1.0B | ||
| Q3 24 | $2.3B | $973.1M | ||
| Q2 24 | $2.3B | $881.5M | ||
| Q1 24 | $2.4B | $797.2M |
总资产CRKNET
| Q4 25 | $7.0B | $6.0B | ||
| Q3 25 | $6.8B | $5.8B | ||
| Q2 25 | $6.7B | $5.6B | ||
| Q1 25 | $6.6B | $3.7B | ||
| Q4 24 | $6.4B | $3.3B | ||
| Q3 24 | $6.3B | $3.1B | ||
| Q2 24 | $6.3B | $2.9B | ||
| Q1 24 | $6.3B | $2.8B |
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 | $224.2M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-141.2M | $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 | 46.4% | 13.9% |
| 现金转化率经营现金流/净利润 | 0.80× | — |
| 过去12个月自由现金流最近4个季度 | $-449.7M | $287.5M |
8季度趋势，按日历期对齐
经营现金流CRKNET
| Q4 25 | $224.2M | $190.4M | ||
| Q3 25 | $153.1M | $167.1M | ||
| Q2 25 | $347.6M | $99.8M | ||
| Q1 25 | $174.7M | $145.8M | ||
| Q4 24 | $267.1M | $127.3M | ||
| Q3 24 | $98.2M | $104.7M | ||
| Q2 24 | $83.6M | $74.8M | ||
| Q1 24 | $171.5M | $73.6M |
自由现金流CRKNET
| Q4 25 | $-141.2M | $105.2M | ||
| Q3 25 | $-188.4M | $82.5M | ||
| Q2 25 | $3.2M | $39.9M | ||
| Q1 25 | $-123.2M | $59.9M | ||
| Q4 24 | $-12.9M | $54.2M | ||
| Q3 24 | $-131.1M | $54.5M | ||
| Q2 24 | $-153.2M | $45.2M | ||
| Q1 24 | $-179.9M | $41.5M |
自由现金流率CRKNET
| Q4 25 | -17.9% | 17.1% | ||
| Q3 25 | -41.9% | 14.7% | ||
| Q2 25 | 0.7% | 7.8% | ||
| Q1 25 | -24.0% | 12.5% | ||
| Q4 24 | -3.5% | 11.8% | ||
| Q3 24 | -43.1% | 12.7% | ||
| Q2 24 | -62.1% | 11.3% | ||
| Q1 24 | -53.6% | 11.0% |
资本支出强度CRKNET
| Q4 25 | 46.4% | 13.9% | ||
| Q3 25 | 75.9% | 15.1% | ||
| Q2 25 | 73.2% | 11.7% | ||
| Q1 25 | 58.1% | 17.9% | ||
| Q4 24 | 76.2% | 15.9% | ||
| Q3 24 | 75.3% | 11.7% | ||
| Q2 24 | 95.9% | 7.4% | ||
| Q1 24 | 104.7% | 8.5% |
现金转化率CRKNET
| Q4 25 | 0.80× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 2.78× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
CRK
| Other | $420.7M | 53% |
| Natural Gas And Oil Sales | $366.6M | 47% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
