vs
卡彭特科技（CRS）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
卡彭特科技的季度营收约是Cloudflare, Inc.的1.2倍（$728.0M vs $614.5M），卡彭特科技净利率更高（14.5% vs -2.0%，领先16.4%），Cloudflare, Inc.同比增速更快（33.6% vs 7.5%），Cloudflare, Inc.自由现金流更多（$105.2M vs $85.9M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 3.1%）
卡彭特科技是全球特种合金材料供应商，主营不锈钢、耐腐蚀镍、铜、钛合金及3D增材制造用粉末合金的研发、生产与分销。2018财年其营收分布为：航空航天与国防占55%，工业与消费品占17%，医疗占8%，交通、能源各占7%，分销业务占6%。
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。
CRS vs NET — 直观对比
营收规模更大
CRS
是对方的1.2倍
$614.5M
营收增速更快
NET
高出26.1%
7.5%
净利率更高
CRS
高出16.4%
-2.0%
自由现金流更多
NET
多$19.3M
$85.9M
两年增速更快
NET
近两年复合增速
3.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $728.0M | $614.5M |
| 净利润 | $105.3M | $-12.1M |
| 毛利率 | 30.0% | 73.6% |
| 营业利润率 | 21.3% | -8.0% |
| 净利率 | 14.5% | -2.0% |
| 营收同比 | 7.5% | 33.6% |
| 净利润同比 | 25.2% | 6.0% |
| 每股收益（稀释后） | $2.09 | $-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CRSNET
| Q4 25 | $728.0M | $614.5M | ||
| Q3 25 | $733.7M | $562.0M | ||
| Q2 25 | $755.6M | $512.3M | ||
| Q1 25 | $727.0M | $479.1M | ||
| Q4 24 | $676.9M | $459.9M | ||
| Q3 24 | $717.6M | $430.1M | ||
| Q2 24 | $798.7M | $401.0M | ||
| Q1 24 | $684.9M | $378.6M |
净利润CRSNET
| Q4 25 | $105.3M | $-12.1M | ||
| Q3 25 | $122.5M | $-1.3M | ||
| Q2 25 | $111.7M | $-50.4M | ||
| Q1 25 | $95.4M | $-38.5M | ||
| Q4 24 | $84.1M | $-12.8M | ||
| Q3 24 | $84.8M | $-15.3M | ||
| Q2 24 | $93.6M | $-15.1M | ||
| Q1 24 | $6.3M | $-35.5M |
毛利率CRSNET
| Q4 25 | 30.0% | 73.6% | ||
| Q3 25 | 29.5% | 74.0% | ||
| Q2 25 | 28.3% | 74.9% | ||
| Q1 25 | 27.6% | 75.9% | ||
| Q4 24 | 26.2% | 76.4% | ||
| Q3 24 | 24.6% | 77.7% | ||
| Q2 24 | 23.9% | 77.8% | ||
| Q1 24 | 21.5% | 77.5% |
营业利润率CRSNET
| Q4 25 | 21.3% | -8.0% | ||
| Q3 25 | 20.9% | -6.7% | ||
| Q2 25 | 20.1% | -13.1% | ||
| Q1 25 | 19.0% | -11.1% | ||
| Q4 24 | 17.6% | -7.5% | ||
| Q3 24 | 15.8% | -7.2% | ||
| Q2 24 | 13.6% | -8.7% | ||
| Q1 24 | 11.1% | -14.4% |
净利率CRSNET
| Q4 25 | 14.5% | -2.0% | ||
| Q3 25 | 16.7% | -0.2% | ||
| Q2 25 | 14.8% | -9.8% | ||
| Q1 25 | 13.1% | -8.0% | ||
| Q4 24 | 12.4% | -2.8% | ||
| Q3 24 | 11.8% | -3.6% | ||
| Q2 24 | 11.7% | -3.8% | ||
| Q1 24 | 0.9% | -9.4% |
每股收益（稀释后）CRSNET
| Q4 25 | $2.09 | $-0.03 | ||
| Q3 25 | $2.43 | $0.00 | ||
| Q2 25 | $2.21 | $-0.15 | ||
| Q1 25 | $1.88 | $-0.11 | ||
| Q4 24 | $1.66 | $-0.05 | ||
| Q3 24 | $1.67 | $-0.04 | ||
| Q2 24 | $1.85 | $-0.04 | ||
| Q1 24 | $0.12 | $-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 | $231.9M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $1.5B |
| 总资产 | $3.5B | $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CRSNET
| Q4 25 | $231.9M | $943.5M | ||
| Q3 25 | $208.0M | $1.1B | ||
| Q2 25 | $315.5M | $1.5B | ||
| Q1 25 | $151.5M | $204.5M | ||
| Q4 24 | $162.1M | $147.7M | ||
| Q3 24 | $150.2M | $182.9M | ||
| Q2 24 | $199.1M | $157.0M | ||
| Q1 24 | $53.5M | $254.4M |
股东权益CRSNET
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.7B | $973.1M | ||
| Q2 24 | $1.6B | $881.5M | ||
| Q1 24 | $1.5B | $797.2M |
总资产CRSNET
| Q4 25 | $3.5B | $6.0B | ||
| Q3 25 | $3.4B | $5.8B | ||
| Q2 25 | $3.5B | $5.6B | ||
| Q1 25 | $3.4B | $3.7B | ||
| Q4 24 | $3.3B | $3.3B | ||
| Q3 24 | $3.3B | $3.1B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | $3.2B | $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 | $132.2M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $85.9M | $105.2M |
| 自由现金流率自由现金流/营收 | 11.8% | 17.1% |
| 资本支出强度资本支出/营收 | 6.4% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.26× | — |
| 过去12个月自由现金流最近4个季度 | $316.7M | $287.5M |
8季度趋势，按日历期对齐
经营现金流CRSNET
| Q4 25 | $132.2M | $190.4M | ||
| Q3 25 | $39.2M | $167.1M | ||
| Q2 25 | $258.1M | $99.8M | ||
| Q1 25 | $74.2M | $145.8M | ||
| Q4 24 | $67.9M | $127.3M | ||
| Q3 24 | $40.2M | $104.7M | ||
| Q2 24 | $169.5M | $74.8M | ||
| Q1 24 | $83.5M | $73.6M |
自由现金流CRSNET
| Q4 25 | $85.9M | $105.2M | ||
| Q3 25 | $-3.4M | $82.5M | ||
| Q2 25 | $200.2M | $39.9M | ||
| Q1 25 | $34.0M | $59.9M | ||
| Q4 24 | $38.6M | $54.2M | ||
| Q3 24 | $13.3M | $54.5M | ||
| Q2 24 | $141.8M | $45.2M | ||
| Q1 24 | $61.9M | $41.5M |
自由现金流率CRSNET
| Q4 25 | 11.8% | 17.1% | ||
| Q3 25 | -0.5% | 14.7% | ||
| Q2 25 | 26.5% | 7.8% | ||
| Q1 25 | 4.7% | 12.5% | ||
| Q4 24 | 5.7% | 11.8% | ||
| Q3 24 | 1.9% | 12.7% | ||
| Q2 24 | 17.8% | 11.3% | ||
| Q1 24 | 9.0% | 11.0% |
资本支出强度CRSNET
| Q4 25 | 6.4% | 13.9% | ||
| Q3 25 | 5.8% | 15.1% | ||
| Q2 25 | 7.7% | 11.7% | ||
| Q1 25 | 5.5% | 17.9% | ||
| Q4 24 | 4.3% | 15.9% | ||
| Q3 24 | 3.7% | 11.7% | ||
| Q2 24 | 3.5% | 7.4% | ||
| Q1 24 | 3.2% | 8.5% |
现金转化率CRSNET
| Q4 25 | 1.26× | — | ||
| Q3 25 | 0.32× | — | ||
| Q2 25 | 2.31× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 1.81× | — | ||
| Q1 24 | 13.25× | — |
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
CRS
| Aerospace And Defense Markets | $448.8M | 62% |
| Industrial And Consumer Markets | $88.4M | 12% |
| Performance Engineered Products Segment | $83.2M | 11% |
| Medical Market | $54.7M | 8% |
| Energy Market | $48.5M | 7% |
| Transportation Market | $21.2M | 3% |
| Distribution Market | $17.2M | 2% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
