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CrowdStrike（CRWD）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
CrowdStrike的季度营收约是Cloudflare, Inc.的2.0倍（$1.2B vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -2.8%，领先0.8%），Cloudflare, Inc.同比增速更快（33.6% vs 22.2%），CrowdStrike自由现金流更多（$314.1M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 20.8%）
CrowdStrike Holdings, Inc.是总部位于美国得克萨斯州奥斯汀的网络安全科技企业，核心业务涵盖终端安全防护、威胁情报提供与网络攻击响应服务，可为全球各行业客户有效应对各类网络安全风险，保障系统与数据安全。
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。
CRWD vs NET — 直观对比
营收规模更大
CRWD
是对方的2.0倍
$614.5M
营收增速更快
NET
高出11.4%
22.2%
净利率更高
NET
高出0.8%
-2.8%
自由现金流更多
CRWD
多$208.9M
$105.2M
两年增速更快
NET
近两年复合增速
20.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $614.5M |
| 净利润 | $-34.0M | $-12.1M |
| 毛利率 | 75.1% | 73.6% |
| 营业利润率 | -5.6% | -8.0% |
| 净利率 | -2.8% | -2.0% |
| 营收同比 | 22.2% | 33.6% |
| 净利润同比 | -102.1% | 6.0% |
| 每股收益（稀释后） | $-0.14 | $-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CRWDNET
| Q4 25 | $1.2B | $614.5M | ||
| Q3 25 | $1.2B | $562.0M | ||
| Q2 25 | $1.1B | $512.3M | ||
| Q1 25 | $1.1B | $479.1M | ||
| Q4 24 | $1.0B | $459.9M | ||
| Q3 24 | $963.9M | $430.1M | ||
| Q2 24 | $921.0M | $401.0M | ||
| Q1 24 | $845.3M | $378.6M |
净利润CRWDNET
| Q4 25 | $-34.0M | $-12.1M | ||
| Q3 25 | $-77.7M | $-1.3M | ||
| Q2 25 | $-110.2M | $-50.4M | ||
| Q1 25 | $-92.3M | $-38.5M | ||
| Q4 24 | $-16.8M | $-12.8M | ||
| Q3 24 | $47.0M | $-15.3M | ||
| Q2 24 | $42.8M | $-15.1M | ||
| Q1 24 | $53.7M | $-35.5M |
毛利率CRWDNET
| Q4 25 | 75.1% | 73.6% | ||
| Q3 25 | 73.5% | 74.0% | ||
| Q2 25 | 73.8% | 74.9% | ||
| Q1 25 | 74.1% | 75.9% | ||
| Q4 24 | 74.7% | 76.4% | ||
| Q3 24 | 75.4% | 77.7% | ||
| Q2 24 | 75.6% | 77.8% | ||
| Q1 24 | 75.3% | 77.5% |
营业利润率CRWDNET
| Q4 25 | -5.6% | -8.0% | ||
| Q3 25 | -9.7% | -6.7% | ||
| Q2 25 | -11.3% | -13.1% | ||
| Q1 25 | -8.1% | -11.1% | ||
| Q4 24 | -5.5% | -7.5% | ||
| Q3 24 | 1.4% | -7.2% | ||
| Q2 24 | 0.8% | -8.7% | ||
| Q1 24 | 3.5% | -14.4% |
净利率CRWDNET
| Q4 25 | -2.8% | -2.0% | ||
| Q3 25 | -6.6% | -0.2% | ||
| Q2 25 | -10.0% | -9.8% | ||
| Q1 25 | -8.7% | -8.0% | ||
| Q4 24 | -1.7% | -2.8% | ||
| Q3 24 | 4.9% | -3.6% | ||
| Q2 24 | 4.6% | -3.8% | ||
| Q1 24 | 6.4% | -9.4% |
每股收益（稀释后）CRWDNET
| Q4 25 | $-0.14 | $-0.03 | ||
| Q3 25 | $-0.31 | $0.00 | ||
| Q2 25 | $-0.44 | $-0.15 | ||
| Q1 25 | $-0.37 | $-0.11 | ||
| Q4 24 | $-0.07 | $-0.05 | ||
| Q3 24 | $0.19 | $-0.04 | ||
| Q2 24 | $0.17 | $-0.04 | ||
| Q1 24 | $0.23 | $-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 | $4.8B | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $1.5B |
| 总资产 | $10.0B | $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CRWDNET
| Q4 25 | $4.8B | $943.5M | ||
| Q3 25 | $5.0B | $1.1B | ||
| Q2 25 | $4.6B | $1.5B | ||
| Q1 25 | $4.3B | $204.5M | ||
| Q4 24 | $4.3B | $147.7M | ||
| Q3 24 | $4.0B | $182.9M | ||
| Q2 24 | $3.7B | $157.0M | ||
| Q1 24 | $3.5B | $254.4M |
股东权益CRWDNET
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $3.8B | $1.3B | ||
| Q2 25 | $3.5B | $1.2B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $2.9B | $973.1M | ||
| Q2 24 | $2.5B | $881.5M | ||
| Q1 24 | $2.3B | $797.2M |
总资产CRWDNET
| Q4 25 | $10.0B | $6.0B | ||
| Q3 25 | $9.3B | $5.8B | ||
| Q2 25 | $8.7B | $5.6B | ||
| Q1 25 | $8.7B | $3.7B | ||
| Q4 24 | $7.8B | $3.3B | ||
| Q3 24 | $7.2B | $3.1B | ||
| Q2 24 | $6.8B | $2.9B | ||
| Q1 24 | $6.6B | $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 | $397.5M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $105.2M |
| 自由现金流率自由现金流/营收 | 25.5% | 17.1% |
| 资本支出强度资本支出/营收 | 6.8% | 13.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $287.5M |
8季度趋势，按日历期对齐
经营现金流CRWDNET
| Q4 25 | $397.5M | $190.4M | ||
| Q3 25 | $332.8M | $167.1M | ||
| Q2 25 | $384.1M | $99.8M | ||
| Q1 25 | $345.7M | $145.8M | ||
| Q4 24 | $326.1M | $127.3M | ||
| Q3 24 | $326.6M | $104.7M | ||
| Q2 24 | $383.2M | $74.8M | ||
| Q1 24 | $347.0M | $73.6M |
自由现金流CRWDNET
| Q4 25 | $314.1M | $105.2M | ||
| Q3 25 | $302.3M | $82.5M | ||
| Q2 25 | $298.4M | $39.9M | ||
| Q1 25 | $258.5M | $59.9M | ||
| Q4 24 | $247.4M | $54.2M | ||
| Q3 24 | $287.4M | $54.5M | ||
| Q2 24 | $333.5M | $45.2M | ||
| Q1 24 | $294.4M | $41.5M |
自由现金流率CRWDNET
| Q4 25 | 25.5% | 17.1% | ||
| Q3 25 | 25.9% | 14.7% | ||
| Q2 25 | 27.0% | 7.8% | ||
| Q1 25 | 24.4% | 12.5% | ||
| Q4 24 | 24.5% | 11.8% | ||
| Q3 24 | 29.8% | 12.7% | ||
| Q2 24 | 36.2% | 11.3% | ||
| Q1 24 | 34.8% | 11.0% |
资本支出强度CRWDNET
| Q4 25 | 6.8% | 13.9% | ||
| Q3 25 | 2.6% | 15.1% | ||
| Q2 25 | 7.8% | 11.7% | ||
| Q1 25 | 8.2% | 17.9% | ||
| Q4 24 | 7.8% | 15.9% | ||
| Q3 24 | 4.1% | 11.7% | ||
| Q2 24 | 5.4% | 7.4% | ||
| Q1 24 | 6.2% | 8.5% |
现金转化率CRWDNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.95× | — | ||
| Q2 24 | 8.95× | — | ||
| Q1 24 | 6.46× | — |
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
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
