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CrowdStrike（CRWD）与NetApp（NTAP）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是CrowdStrike的1.4倍（$1.7B vs $1.2B），NetApp净利率更高（17.9% vs -2.8%，领先20.6%），CrowdStrike同比增速更快（22.2% vs 2.8%），CrowdStrike自由现金流更多（$314.1M vs $78.0M），过去两年CrowdStrike的营收复合增速更高（20.8% vs 3.0%）
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。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
CRWD vs NTAP — 直观对比
营收规模更大
NTAP
是对方的1.4倍
$1.2B
营收增速更快
CRWD
高出19.3%
2.8%
净利率更高
NTAP
高出20.6%
-2.8%
自由现金流更多
CRWD
多$236.1M
$78.0M
两年增速更快
CRWD
近两年复合增速
3.0%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $-34.0M | $305.0M |
| 毛利率 | 75.1% | 72.0% |
| 营业利润率 | -5.6% | 23.4% |
| 净利率 | -2.8% | 17.9% |
| 营收同比 | 22.2% | 2.8% |
| 净利润同比 | -102.1% | 2.0% |
| 每股收益（稀释后） | $-0.14 | $1.51 |
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CRWDNTAP
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $963.9M | $1.5B | ||
| Q2 24 | $921.0M | $1.7B | ||
| Q1 24 | $845.3M | $1.6B |
净利润CRWDNTAP
| Q4 25 | $-34.0M | $305.0M | ||
| Q3 25 | $-77.7M | $233.0M | ||
| Q2 25 | $-110.2M | $340.0M | ||
| Q1 25 | $-92.3M | $299.0M | ||
| Q4 24 | $-16.8M | $299.0M | ||
| Q3 24 | $47.0M | $248.0M | ||
| Q2 24 | $42.8M | $291.0M | ||
| Q1 24 | $53.7M | $313.0M |
毛利率CRWDNTAP
| Q4 25 | 75.1% | 72.0% | ||
| Q3 25 | 73.5% | 70.4% | ||
| Q2 25 | 73.8% | 68.9% | ||
| Q1 25 | 74.1% | 69.8% | ||
| Q4 24 | 74.7% | 71.0% | ||
| Q3 24 | 75.4% | 71.3% | ||
| Q2 24 | 75.6% | 70.5% | ||
| Q1 24 | 75.3% | 71.7% |
营业利润率CRWDNTAP
| Q4 25 | -5.6% | 23.4% | ||
| Q3 25 | -9.7% | 19.8% | ||
| Q2 25 | -11.3% | 20.1% | ||
| Q1 25 | -8.1% | 22.1% | ||
| Q4 24 | -5.5% | 20.8% | ||
| Q3 24 | 1.4% | 18.3% | ||
| Q2 24 | 0.8% | 21.9% | ||
| Q1 24 | 3.5% | 22.8% |
净利率CRWDNTAP
| Q4 25 | -2.8% | 17.9% | ||
| Q3 25 | -6.6% | 14.9% | ||
| Q2 25 | -10.0% | 19.6% | ||
| Q1 25 | -8.7% | 18.2% | ||
| Q4 24 | -1.7% | 18.0% | ||
| Q3 24 | 4.9% | 16.1% | ||
| Q2 24 | 4.6% | 17.4% | ||
| Q1 24 | 6.4% | 19.5% |
每股收益（稀释后）CRWDNTAP
| Q4 25 | $-0.14 | $1.51 | ||
| Q3 25 | $-0.31 | $1.15 | ||
| Q2 25 | $-0.44 | $1.64 | ||
| Q1 25 | $-0.37 | $1.44 | ||
| Q4 24 | $-0.07 | $1.42 | ||
| Q3 24 | $0.19 | $1.17 | ||
| Q2 24 | $0.17 | $1.36 | ||
| Q1 24 | $0.23 | $1.48 |
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 | $3.0B |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $4.0B | $986.0M |
| 总资产 | $10.0B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.52× |
8季度趋势，按日历期对齐
现金及短期投资CRWDNTAP
| Q4 25 | $4.8B | $3.0B | ||
| Q3 25 | $5.0B | $3.3B | ||
| Q2 25 | $4.6B | $3.8B | ||
| Q1 25 | $4.3B | $2.3B | ||
| Q4 24 | $4.3B | $2.2B | ||
| Q3 24 | $4.0B | $3.0B | ||
| Q2 24 | $3.7B | $3.3B | ||
| Q1 24 | $3.5B | $2.9B |
总债务CRWDNTAP
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
股东权益CRWDNTAP
| Q4 25 | $4.0B | $986.0M | ||
| Q3 25 | $3.8B | $975.0M | ||
| Q2 25 | $3.5B | $1.0B | ||
| Q1 25 | $3.3B | $995.0M | ||
| Q4 24 | $3.1B | $892.0M | ||
| Q3 24 | $2.9B | $929.0M | ||
| Q2 24 | $2.5B | $1.1B | ||
| Q1 24 | $2.3B | $994.0M |
总资产CRWDNTAP
| Q4 25 | $10.0B | $9.6B | ||
| Q3 25 | $9.3B | $9.7B | ||
| Q2 25 | $8.7B | $10.8B | ||
| Q1 25 | $8.7B | $9.0B | ||
| Q4 24 | $7.8B | $9.0B | ||
| Q3 24 | $7.2B | $9.3B | ||
| Q2 24 | $6.8B | $9.9B | ||
| Q1 24 | $6.6B | $9.4B |
负债/权益比CRWDNTAP
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 2.55× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 2.00× | ||
| Q4 24 | — | 2.23× | ||
| Q3 24 | — | 2.58× | ||
| Q2 24 | — | 2.09× | ||
| Q1 24 | — | 2.41× |
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 | $127.0M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $78.0M |
| 自由现金流率自由现金流/营收 | 25.5% | 4.6% |
| 资本支出强度资本支出/营收 | 6.8% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 0.42× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流CRWDNTAP
| Q4 25 | $397.5M | $127.0M | ||
| Q3 25 | $332.8M | $673.0M | ||
| Q2 25 | $384.1M | — | ||
| Q1 25 | $345.7M | $385.0M | ||
| Q4 24 | $326.1M | — | ||
| Q3 24 | $326.6M | $341.0M | ||
| Q2 24 | $383.2M | $613.0M | ||
| Q1 24 | $347.0M | $484.0M |
自由现金流CRWDNTAP
| Q4 25 | $314.1M | $78.0M | ||
| Q3 25 | $302.3M | $620.0M | ||
| Q2 25 | $298.4M | — | ||
| Q1 25 | $258.5M | $338.0M | ||
| Q4 24 | $247.4M | — | ||
| Q3 24 | $287.4M | $300.0M | ||
| Q2 24 | $333.5M | $567.0M | ||
| Q1 24 | $294.4M | $448.0M |
自由现金流率CRWDNTAP
| Q4 25 | 25.5% | 4.6% | ||
| Q3 25 | 25.9% | 39.8% | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 24.4% | 20.6% | ||
| Q4 24 | 24.5% | — | ||
| Q3 24 | 29.8% | 19.5% | ||
| Q2 24 | 36.2% | 34.0% | ||
| Q1 24 | 34.8% | 27.9% |
资本支出强度CRWDNTAP
| Q4 25 | 6.8% | 2.9% | ||
| Q3 25 | 2.6% | 3.4% | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.2% | 2.9% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 4.1% | 2.7% | ||
| Q2 24 | 5.4% | 2.8% | ||
| Q1 24 | 6.2% | 2.2% |
现金转化率CRWDNTAP
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 2.89× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.95× | 1.38× | ||
| Q2 24 | 8.95× | 2.11× | ||
| Q1 24 | 6.46× | 1.55× |
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% |
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
