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Crane NXT, Co.（CXT）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Crane NXT, Co.的1.3倍（$614.5M vs $476.9M），Crane NXT, Co.净利率更高（10.0% vs -2.0%，领先11.9%），Cloudflare, Inc.同比增速更快（33.6% vs 19.5%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 23.3%）
Crane NXT是一家总部位于美国康涅狄格州斯坦福德的工业产品企业，由理查德·特勒·克莱恩于1855年创立。曾是美国头部卫浴配件制造商，1990年出售卫浴业务后，自1960年起逐步转型为多元化控股集团，目前核心业务涵盖航空航天与电子、工程材料、流体处理、控制设备四大板块，服务化工等多个行业领域。
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。
CXT vs NET — 直观对比
营收规模更大
NET
是对方的1.3倍
$476.9M
营收增速更快
NET
高出14.1%
19.5%
净利率更高
CXT
高出11.9%
-2.0%
两年增速更快
NET
近两年复合增速
23.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $476.9M | $614.5M |
| 净利润 | $47.5M | $-12.1M |
| 毛利率 | 42.4% | 73.6% |
| 营业利润率 | 16.7% | -8.0% |
| 净利率 | 10.0% | -2.0% |
| 营收同比 | 19.5% | 33.6% |
| 净利润同比 | — | 6.0% |
| 每股收益（稀释后） | $0.82 | $-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CXTNET
| Q4 25 | $476.9M | $614.5M | ||
| Q3 25 | $445.1M | $562.0M | ||
| Q2 25 | $404.4M | $512.3M | ||
| Q1 25 | $330.3M | $479.1M | ||
| Q4 24 | $399.1M | $459.9M | ||
| Q3 24 | $403.5M | $430.1M | ||
| Q2 24 | $370.6M | $401.0M | ||
| Q1 24 | $313.6M | $378.6M |
净利润CXTNET
| Q4 25 | $47.5M | $-12.1M | ||
| Q3 25 | $50.5M | $-1.3M | ||
| Q2 25 | $24.9M | $-50.4M | ||
| Q1 25 | $21.7M | $-38.5M | ||
| Q4 24 | — | $-12.8M | ||
| Q3 24 | $47.1M | $-15.3M | ||
| Q2 24 | $41.6M | $-15.1M | ||
| Q1 24 | $37.8M | $-35.5M |
毛利率CXTNET
| Q4 25 | 42.4% | 73.6% | ||
| Q3 25 | 43.3% | 74.0% | ||
| Q2 25 | 41.7% | 74.9% | ||
| Q1 25 | 42.4% | 75.9% | ||
| Q4 24 | 45.2% | 76.4% | ||
| Q3 24 | 42.5% | 77.7% | ||
| Q2 24 | 43.4% | 77.8% | ||
| Q1 24 | 48.6% | 77.5% |
营业利润率CXTNET
| Q4 25 | 16.7% | -8.0% | ||
| Q3 25 | 18.4% | -6.7% | ||
| Q2 25 | 11.8% | -13.1% | ||
| Q1 25 | 11.3% | -11.1% | ||
| Q4 24 | 17.7% | -7.5% | ||
| Q3 24 | 18.6% | -7.2% | ||
| Q2 24 | 18.2% | -8.7% | ||
| Q1 24 | 17.7% | -14.4% |
净利率CXTNET
| Q4 25 | 10.0% | -2.0% | ||
| Q3 25 | 11.3% | -0.2% | ||
| Q2 25 | 6.2% | -9.8% | ||
| Q1 25 | 6.6% | -8.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | 11.7% | -3.6% | ||
| Q2 24 | 11.2% | -3.8% | ||
| Q1 24 | 12.1% | -9.4% |
每股收益（稀释后）CXTNET
| Q4 25 | $0.82 | $-0.03 | ||
| Q3 25 | $0.87 | $0.00 | ||
| Q2 25 | $0.43 | $-0.15 | ||
| Q1 25 | $0.38 | $-0.11 | ||
| Q4 24 | $1.00 | $-0.05 | ||
| Q3 24 | $0.81 | $-0.04 | ||
| Q2 24 | $0.72 | $-0.04 | ||
| Q1 24 | $0.66 | $-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 | $233.8M | $943.5M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $1.3B | $1.5B |
| 总资产 | $3.1B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资CXTNET
| Q4 25 | $233.8M | $943.5M | ||
| Q3 25 | $182.4M | $1.1B | ||
| Q2 25 | $152.5M | $1.5B | ||
| Q1 25 | $173.8M | $204.5M | ||
| Q4 24 | $165.8M | $147.7M | ||
| Q3 24 | $165.1M | $182.9M | ||
| Q2 24 | $175.5M | $157.0M | ||
| Q1 24 | $220.6M | $254.4M |
总债务CXTNET
| Q4 25 | $1.0B | — | ||
| Q3 25 | $834.3M | — | ||
| Q2 25 | $861.8M | — | ||
| Q1 25 | $541.1M | — | ||
| Q4 24 | $540.6M | — | ||
| Q3 24 | $638.2M | — | ||
| Q2 24 | $638.9M | — | ||
| Q1 24 | $639.6M | — |
股东权益CXTNET
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.1B | $973.1M | ||
| Q2 24 | $989.8M | $881.5M | ||
| Q1 24 | $964.1M | $797.2M |
总资产CXTNET
| Q4 25 | $3.1B | $6.0B | ||
| Q3 25 | $2.9B | $5.8B | ||
| Q2 25 | $2.9B | $5.6B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.4B | $3.3B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $2.4B | $2.9B | ||
| Q1 24 | $2.1B | $2.8B |
负债/权益比CXTNET
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.65× | — | ||
| Q1 24 | 0.66× | — |
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 | $105.8M | $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 | 2.23× | — |
| 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CXTNET
| Q4 25 | $105.8M | $190.4M | ||
| Q3 25 | $92.0M | $167.1M | ||
| Q2 25 | $62.8M | $99.8M | ||
| Q1 25 | $-19.1M | $145.8M | ||
| Q4 24 | $81.1M | $127.3M | ||
| Q3 24 | $66.7M | $104.7M | ||
| Q2 24 | $56.8M | $74.8M | ||
| Q1 24 | $9.5M | $73.6M |
自由现金流CXTNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | $78.7M | $82.5M | ||
| Q2 25 | $55.8M | $39.9M | ||
| Q1 25 | $-32.2M | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | $53.5M | $54.5M | ||
| Q2 24 | $47.9M | $45.2M | ||
| Q1 24 | $-3.0M | $41.5M |
自由现金流率CXTNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | 17.7% | 14.7% | ||
| Q2 25 | 13.8% | 7.8% | ||
| Q1 25 | -9.7% | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | 13.3% | 12.7% | ||
| Q2 24 | 12.9% | 11.3% | ||
| Q1 24 | -1.0% | 11.0% |
资本支出强度CXTNET
| Q4 25 | — | 13.9% | ||
| Q3 25 | 3.0% | 15.1% | ||
| Q2 25 | 1.7% | 11.7% | ||
| Q1 25 | 4.0% | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | 3.3% | 11.7% | ||
| Q2 24 | 2.4% | 7.4% | ||
| Q1 24 | 4.0% | 8.5% |
现金转化率CXTNET
| Q4 25 | 2.23× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 2.52× | — | ||
| Q1 25 | -0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 0.25× | — |
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
CXT
| Other | $260.9M | 55% |
| Products | $181.1M | 38% |
| Services | $34.9M | 7% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
