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CAVCO INDUSTRIES, INC.（CVCO）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CAVCO INDUSTRIES, INC.的1.1倍（$614.5M vs $581.0M），CAVCO INDUSTRIES, INC.净利率更高（7.6% vs -2.0%，领先9.6%），Cloudflare, Inc.同比增速更快（33.6% vs 11.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $57.6M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 17.6%）
Cavco工业是总部位于美国亚利桑那州凤凰城的制造企业，主营模块化住宅、休闲房车、度假木屋及预制房屋产品，在美国各地布局有完善的制造工厂与零售门店网络，可满足多元居住及休闲场景的使用需求。
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。
CVCO vs NET — 直观对比
营收规模更大
NET
是对方的1.1倍
$581.0M
营收增速更快
NET
高出22.3%
11.3%
净利率更高
CVCO
高出9.6%
-2.0%
自由现金流更多
NET
多$47.6M
$57.6M
两年增速更快
NET
近两年复合增速
17.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $581.0M | $614.5M |
| 净利润 | $44.1M | $-12.1M |
| 毛利率 | 23.4% | 73.6% |
| 营业利润率 | 9.4% | -8.0% |
| 净利率 | 7.6% | -2.0% |
| 营收同比 | 11.3% | 33.6% |
| 净利润同比 | -22.0% | 6.0% |
| 每股收益（稀释后） | $5.58 | $-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CVCONET
| Q4 25 | $581.0M | $614.5M | ||
| Q3 25 | $556.5M | $562.0M | ||
| Q2 25 | $556.9M | $512.3M | ||
| Q1 25 | $508.4M | $479.1M | ||
| Q4 24 | $522.0M | $459.9M | ||
| Q3 24 | $507.5M | $430.1M | ||
| Q2 24 | $477.6M | $401.0M | ||
| Q1 24 | $420.1M | $378.6M |
净利润CVCONET
| Q4 25 | $44.1M | $-12.1M | ||
| Q3 25 | $52.4M | $-1.3M | ||
| Q2 25 | $51.6M | $-50.4M | ||
| Q1 25 | $36.3M | $-38.5M | ||
| Q4 24 | $56.5M | $-12.8M | ||
| Q3 24 | $43.8M | $-15.3M | ||
| Q2 24 | $34.4M | $-15.1M | ||
| Q1 24 | $33.9M | $-35.5M |
毛利率CVCONET
| Q4 25 | 23.4% | 73.6% | ||
| Q3 25 | 24.2% | 74.0% | ||
| Q2 25 | 23.3% | 74.9% | ||
| Q1 25 | 22.8% | 75.9% | ||
| Q4 24 | 24.9% | 76.4% | ||
| Q3 24 | 22.9% | 77.7% | ||
| Q2 24 | 21.7% | 77.8% | ||
| Q1 24 | 23.6% | 77.5% |
营业利润率CVCONET
| Q4 25 | 9.4% | -8.0% | ||
| Q3 25 | 11.2% | -6.7% | ||
| Q2 25 | 10.8% | -13.1% | ||
| Q1 25 | 7.6% | -11.1% | ||
| Q4 24 | 12.3% | -7.5% | ||
| Q3 24 | 9.7% | -7.2% | ||
| Q2 24 | 8.1% | -8.7% | ||
| Q1 24 | 8.9% | -14.4% |
净利率CVCONET
| Q4 25 | 7.6% | -2.0% | ||
| Q3 25 | 9.4% | -0.2% | ||
| Q2 25 | 9.3% | -9.8% | ||
| Q1 25 | 7.1% | -8.0% | ||
| Q4 24 | 10.8% | -2.8% | ||
| Q3 24 | 8.6% | -3.6% | ||
| Q2 24 | 7.2% | -3.8% | ||
| Q1 24 | 8.1% | -9.4% |
每股收益（稀释后）CVCONET
| Q4 25 | $5.58 | $-0.03 | ||
| Q3 25 | $6.55 | $0.00 | ||
| Q2 25 | $6.42 | $-0.15 | ||
| Q1 25 | $4.42 | $-0.11 | ||
| Q4 24 | $6.90 | $-0.05 | ||
| Q3 24 | $5.28 | $-0.04 | ||
| Q2 24 | $4.11 | $-0.04 | ||
| Q1 24 | $4.05 | $-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 | $241.9M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $1.5B |
| 总资产 | $1.5B | $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CVCONET
| Q4 25 | $241.9M | $943.5M | ||
| Q3 25 | $391.8M | $1.1B | ||
| Q2 25 | $362.4M | $1.5B | ||
| Q1 25 | $376.1M | $204.5M | ||
| Q4 24 | $378.9M | $147.7M | ||
| Q3 24 | $388.7M | $182.9M | ||
| Q2 24 | $380.0M | $157.0M | ||
| Q1 24 | $371.0M | $254.4M |
股东权益CVCONET
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.0B | $973.1M | ||
| Q2 24 | $1.0B | $881.5M | ||
| Q1 24 | $1.0B | $797.2M |
总资产CVCONET
| Q4 25 | $1.5B | $6.0B | ||
| Q3 25 | $1.4B | $5.8B | ||
| Q2 25 | $1.4B | $5.6B | ||
| Q1 25 | $1.4B | $3.7B | ||
| Q4 24 | $1.4B | $3.3B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.4B | $2.9B | ||
| Q1 24 | $1.4B | $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 | $66.1M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $57.6M | $105.2M |
| 自由现金流率自由现金流/营收 | 9.9% | 17.1% |
| 资本支出强度资本支出/营收 | 1.5% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.50× | — |
| 过去12个月自由现金流最近4个季度 | $205.3M | $287.5M |
8季度趋势，按日历期对齐
经营现金流CVCONET
| Q4 25 | $66.1M | $190.4M | ||
| Q3 25 | $78.5M | $167.1M | ||
| Q2 25 | $55.5M | $99.8M | ||
| Q1 25 | $38.6M | $145.8M | ||
| Q4 24 | $37.8M | $127.3M | ||
| Q3 24 | $54.7M | $104.7M | ||
| Q2 24 | $47.4M | $74.8M | ||
| Q1 24 | — | $73.6M |
自由现金流CVCONET
| Q4 25 | $57.6M | $105.2M | ||
| Q3 25 | $68.7M | $82.5M | ||
| Q2 25 | $46.4M | $39.9M | ||
| Q1 25 | $32.5M | $59.9M | ||
| Q4 24 | $32.3M | $54.2M | ||
| Q3 24 | $49.8M | $54.5M | ||
| Q2 24 | $42.4M | $45.2M | ||
| Q1 24 | — | $41.5M |
自由现金流率CVCONET
| Q4 25 | 9.9% | 17.1% | ||
| Q3 25 | 12.4% | 14.7% | ||
| Q2 25 | 8.3% | 7.8% | ||
| Q1 25 | 6.4% | 12.5% | ||
| Q4 24 | 6.2% | 11.8% | ||
| Q3 24 | 9.8% | 12.7% | ||
| Q2 24 | 8.9% | 11.3% | ||
| Q1 24 | — | 11.0% |
资本支出强度CVCONET
| Q4 25 | 1.5% | 13.9% | ||
| Q3 25 | 1.7% | 15.1% | ||
| Q2 25 | 1.6% | 11.7% | ||
| Q1 25 | 1.2% | 17.9% | ||
| Q4 24 | 1.0% | 15.9% | ||
| Q3 24 | 1.0% | 11.7% | ||
| Q2 24 | 1.0% | 7.4% | ||
| Q1 24 | — | 8.5% |
现金转化率CVCONET
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.50× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.38× | — | ||
| 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
CVCO
| Manufactured Product Other | $532.5M | 92% |
| Other | $26.0M | 4% |
| Financial Service Other | $20.5M | 4% |
| Insurance Agency Commissions | $2.0M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
