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Custom Truck One Source, Inc.（CTOS）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是Custom Truck One Source, Inc.的1.5倍（$614.5M vs $422.2M），Cloudflare, Inc.净利率更高（-2.0% vs -4.2%，领先2.2%），Cloudflare, Inc.同比增速更快（33.6% vs -8.5%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 14.8%）
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
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。
CTOS vs NET — 直观对比
营收规模更大
NET
是对方的1.5倍
$422.2M
营收增速更快
NET
高出42.1%
-8.5%
净利率更高
NET
高出2.2%
-4.2%
两年增速更快
NET
近两年复合增速
14.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $422.2M | $614.5M |
| 净利润 | $-17.8M | $-12.1M |
| 毛利率 | 20.3% | 73.6% |
| 营业利润率 | 2.9% | -8.0% |
| 净利率 | -4.2% | -2.0% |
| 营收同比 | -8.5% | 33.6% |
| 净利润同比 | -333.7% | 6.0% |
| 每股收益（稀释后） | $-0.08 | $-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CTOSNET
| Q1 26 | $422.2M | — | ||
| Q4 25 | $387.3M | $614.5M | ||
| Q3 25 | $359.9M | $562.0M | ||
| Q2 25 | $392.2M | $512.3M | ||
| Q1 25 | $307.1M | $479.1M | ||
| Q4 24 | $398.3M | $459.9M | ||
| Q3 24 | $337.5M | $430.1M | ||
| Q2 24 | $320.6M | $401.0M |
净利润CTOSNET
| Q1 26 | $-17.8M | — | ||
| Q4 25 | $20.9M | $-12.1M | ||
| Q3 25 | $-5.8M | $-1.3M | ||
| Q2 25 | $-28.4M | $-50.4M | ||
| Q1 25 | $-17.8M | $-38.5M | ||
| Q4 24 | $27.6M | $-12.8M | ||
| Q3 24 | $-17.4M | $-15.3M | ||
| Q2 24 | $-24.5M | $-15.1M |
毛利率CTOSNET
| Q1 26 | 20.3% | — | ||
| Q4 25 | 31.8% | 73.6% | ||
| Q3 25 | 28.0% | 74.0% | ||
| Q2 25 | 26.1% | 74.9% | ||
| Q1 25 | 27.9% | 75.9% | ||
| Q4 24 | 29.7% | 76.4% | ||
| Q3 24 | 27.2% | 77.7% | ||
| Q2 24 | 27.8% | 77.8% |
营业利润率CTOSNET
| Q1 26 | 2.9% | — | ||
| Q4 25 | 13.4% | -8.0% | ||
| Q3 25 | 9.1% | -6.7% | ||
| Q2 25 | 7.1% | -13.1% | ||
| Q1 25 | 4.0% | -11.1% | ||
| Q4 24 | 16.9% | -7.5% | ||
| Q3 24 | 6.8% | -7.2% | ||
| Q2 24 | 5.5% | -8.7% |
净利率CTOSNET
| Q1 26 | -4.2% | — | ||
| Q4 25 | 5.4% | -2.0% | ||
| Q3 25 | -1.6% | -0.2% | ||
| Q2 25 | -7.2% | -9.8% | ||
| Q1 25 | -5.8% | -8.0% | ||
| Q4 24 | 6.9% | -2.8% | ||
| Q3 24 | -5.2% | -3.6% | ||
| Q2 24 | -7.6% | -3.8% |
每股收益（稀释后）CTOSNET
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $0.10 | $-0.03 | ||
| Q3 25 | $-0.03 | $0.00 | ||
| Q2 25 | $-0.13 | $-0.15 | ||
| Q1 25 | $-0.08 | $-0.11 | ||
| Q4 24 | $0.11 | $-0.05 | ||
| Q3 24 | $-0.07 | $-0.04 | ||
| Q2 24 | $-0.10 | $-0.04 |
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 | $6.3M | $943.5M |
| 总债务越低越好 | $25.9M | — |
| 股东权益账面价值 | $809.1M | $1.5B |
| 总资产 | $3.4B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.03× | — |
8季度趋势，按日历期对齐
现金及短期投资CTOSNET
| Q1 26 | $6.3M | — | ||
| Q4 25 | $6.3M | $943.5M | ||
| Q3 25 | $13.1M | $1.1B | ||
| Q2 25 | $5.3M | $1.5B | ||
| Q1 25 | $5.4M | $204.5M | ||
| Q4 24 | $3.8M | $147.7M | ||
| Q3 24 | $8.4M | $182.9M | ||
| Q2 24 | $8.1M | $157.0M |
总债务CTOSNET
| Q1 26 | $25.9M | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — |
股东权益CTOSNET
| Q1 26 | $809.1M | — | ||
| Q4 25 | $809.1M | $1.5B | ||
| Q3 25 | $784.7M | $1.3B | ||
| Q2 25 | $790.1M | $1.2B | ||
| Q1 25 | $813.4M | $1.4B | ||
| Q4 24 | $861.3M | $1.0B | ||
| Q3 24 | $837.5M | $973.1M | ||
| Q2 24 | $856.7M | $881.5M |
总资产CTOSNET
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $6.0B | ||
| Q3 25 | $3.5B | $5.8B | ||
| Q2 25 | $3.6B | $5.6B | ||
| Q1 25 | $3.5B | $3.7B | ||
| Q4 24 | $3.5B | $3.3B | ||
| Q3 24 | $3.6B | $3.1B | ||
| Q2 24 | $3.5B | $2.9B |
负债/权益比CTOSNET
| Q1 26 | 0.03× | — | ||
| Q4 25 | 2.03× | — | ||
| Q3 25 | 2.10× | — | ||
| Q2 25 | 2.04× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.79× | — |
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 | — | $190.4M |
| 自由现金流经营现金流 - 资本支出 | — | $105.2M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | — | 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 | — | $287.5M |
8季度趋势，按日历期对齐
经营现金流CTOSNET
| Q1 26 | — | — | ||
| Q4 25 | $47.3M | $190.4M | ||
| Q3 25 | $81.5M | $167.1M | ||
| Q2 25 | $125.7M | $99.8M | ||
| Q1 25 | $55.6M | $145.8M | ||
| Q4 24 | $82.1M | $127.3M | ||
| Q3 24 | $16.5M | $104.7M | ||
| Q2 24 | $37.8M | $74.8M |
自由现金流CTOSNET
| Q1 26 | — | — | ||
| Q4 25 | — | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $45.2M |
自由现金流率CTOSNET
| Q1 26 | — | — | ||
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 11.3% |
资本支出强度CTOSNET
| Q1 26 | — | — | ||
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 7.4% |
现金转化率CTOSNET
| Q1 26 | — | — | ||
| Q4 25 | 2.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.98× | — | ||
| Q3 24 | — | — | ||
| Q2 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
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
