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AMCON DISTRIBUTING CO（DIT）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
AMCON DISTRIBUTING CO的季度营收约是Cloudflare, Inc.的1.2倍（$730.1M vs $614.5M），AMCON DISTRIBUTING CO净利率更高（0.1% vs -2.0%，领先2.1%），Cloudflare, Inc.同比增速更快（33.6% vs 2.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-12.4M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 10.1%）
AMCON Distributing Co是一家总部位于美国的消费品分销企业，主营食品、饮料、美妆个护、烟草及日用百货的分销业务，主要服务美国本土的独立便利店、食品零售商、药店及其他小型零售网点。
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。
DIT vs NET — 直观对比
营收规模更大
DIT
是对方的1.2倍
$614.5M
营收增速更快
NET
高出31.0%
2.6%
净利率更高
DIT
高出2.1%
-2.0%
自由现金流更多
NET
多$117.6M
$-12.4M
两年增速更快
NET
近两年复合增速
10.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $730.1M | $614.5M |
| 净利润 | $793.0K | $-12.1M |
| 毛利率 | 6.6% | 73.6% |
| 营业利润率 | 0.5% | -8.0% |
| 净利率 | 0.1% | -2.0% |
| 营收同比 | 2.6% | 33.6% |
| 净利润同比 | 127.6% | 6.0% |
| 每股收益（稀释后） | $1.28 | $-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DITNET
| Q4 25 | $730.1M | $614.5M | ||
| Q3 25 | $746.3M | $562.0M | ||
| Q2 25 | $739.6M | $512.3M | ||
| Q1 25 | $619.5M | $479.1M | ||
| Q4 24 | $711.3M | $459.9M | ||
| Q3 24 | $746.3M | $430.1M | ||
| Q2 24 | $717.9M | $401.0M | ||
| Q1 24 | $601.9M | $378.6M |
净利润DITNET
| Q4 25 | $793.0K | $-12.1M | ||
| Q3 25 | $491.7K | $-1.3M | ||
| Q2 25 | $1.3M | $-50.4M | ||
| Q1 25 | $-1.6M | $-38.5M | ||
| Q4 24 | $348.4K | $-12.8M | ||
| Q3 24 | $1.2M | $-15.3M | ||
| Q2 24 | $1.5M | $-15.1M | ||
| Q1 24 | $539.5K | $-35.5M |
毛利率DITNET
| Q4 25 | 6.6% | 73.6% | ||
| Q3 25 | 6.5% | 74.0% | ||
| Q2 25 | 6.7% | 74.9% | ||
| Q1 25 | 6.9% | 75.9% | ||
| Q4 24 | 6.6% | 76.4% | ||
| Q3 24 | 6.5% | 77.7% | ||
| Q2 24 | 6.7% | 77.8% | ||
| Q1 24 | 7.0% | 77.5% |
营业利润率DITNET
| Q4 25 | 0.5% | -8.0% | ||
| Q3 25 | 0.5% | -6.7% | ||
| Q2 25 | 0.7% | -13.1% | ||
| Q1 25 | 0.1% | -11.1% | ||
| Q4 24 | 0.5% | -7.5% | ||
| Q3 24 | 0.7% | -7.2% | ||
| Q2 24 | 0.8% | -8.7% | ||
| Q1 24 | 0.6% | -14.4% |
净利率DITNET
| Q4 25 | 0.1% | -2.0% | ||
| Q3 25 | 0.1% | -0.2% | ||
| Q2 25 | 0.2% | -9.8% | ||
| Q1 25 | -0.3% | -8.0% | ||
| Q4 24 | 0.0% | -2.8% | ||
| Q3 24 | 0.2% | -3.6% | ||
| Q2 24 | 0.2% | -3.8% | ||
| Q1 24 | 0.1% | -9.4% |
每股收益（稀释后）DITNET
| Q4 25 | $1.28 | $-0.03 | ||
| Q3 25 | $0.80 | $0.00 | ||
| Q2 25 | $2.13 | $-0.15 | ||
| Q1 25 | $-2.58 | $-0.11 | ||
| Q4 24 | $0.57 | $-0.05 | ||
| Q3 24 | $2.02 | $-0.04 | ||
| Q2 24 | $2.46 | $-0.04 | ||
| Q1 24 | $0.89 | $-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 | — | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $114.1M | $1.5B |
| 总资产 | $378.7M | $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DITNET
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
总债务DITNET
| Q4 25 | — | — | ||
| Q3 25 | $16.5M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $21.8M | — | ||
| Q2 24 | $23.3M | — | ||
| Q1 24 | $20.5M | — |
股东权益DITNET
| Q4 25 | $114.1M | $1.5B | ||
| Q3 25 | $113.1M | $1.3B | ||
| Q2 25 | $113.2M | $1.2B | ||
| Q1 25 | $111.4M | $1.4B | ||
| Q4 24 | $112.4M | $1.0B | ||
| Q3 24 | $111.7M | $973.1M | ||
| Q2 24 | $110.0M | $881.5M | ||
| Q1 24 | $108.0M | $797.2M |
总资产DITNET
| Q4 25 | $378.7M | $6.0B | ||
| Q3 25 | $391.1M | $5.8B | ||
| Q2 25 | $393.9M | $5.6B | ||
| Q1 25 | $392.0M | $3.7B | ||
| Q4 24 | $404.7M | $3.3B | ||
| Q3 24 | $374.1M | $3.1B | ||
| Q2 24 | $400.6M | $2.9B | ||
| Q1 24 | $336.2M | $2.8B |
负债/权益比DITNET
| Q4 25 | — | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.19× | — |
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 | $-11.7M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-12.4M | $105.2M |
| 自由现金流率自由现金流/营收 | -1.7% | 17.1% |
| 资本支出强度资本支出/营收 | 0.1% | 13.9% |
| 现金转化率经营现金流/净利润 | -14.75× | — |
| 过去12个月自由现金流最近4个季度 | $40.6M | $287.5M |
8季度趋势，按日历期对齐
经营现金流DITNET
| Q4 25 | $-11.7M | $190.4M | ||
| Q3 25 | $31.1M | $167.1M | ||
| Q2 25 | $-7.0M | $99.8M | ||
| Q1 25 | $34.4M | $145.8M | ||
| Q4 24 | $-39.9M | $127.3M | ||
| Q3 24 | $41.0M | $104.7M | ||
| Q2 24 | $-26.9M | $74.8M | ||
| Q1 24 | $48.8M | $73.6M |
自由现金流DITNET
| Q4 25 | $-12.4M | $105.2M | ||
| Q3 25 | $30.4M | $82.5M | ||
| Q2 25 | $-8.8M | $39.9M | ||
| Q1 25 | $31.4M | $59.9M | ||
| Q4 24 | $-43.3M | $54.2M | ||
| Q3 24 | $37.4M | $54.5M | ||
| Q2 24 | $-32.6M | $45.2M | ||
| Q1 24 | $41.6M | $41.5M |
自由现金流率DITNET
| Q4 25 | -1.7% | 17.1% | ||
| Q3 25 | 4.1% | 14.7% | ||
| Q2 25 | -1.2% | 7.8% | ||
| Q1 25 | 5.1% | 12.5% | ||
| Q4 24 | -6.1% | 11.8% | ||
| Q3 24 | 5.0% | 12.7% | ||
| Q2 24 | -4.5% | 11.3% | ||
| Q1 24 | 6.9% | 11.0% |
资本支出强度DITNET
| Q4 25 | 0.1% | 13.9% | ||
| Q3 25 | 0.1% | 15.1% | ||
| Q2 25 | 0.2% | 11.7% | ||
| Q1 25 | 0.5% | 17.9% | ||
| Q4 24 | 0.5% | 15.9% | ||
| Q3 24 | 0.5% | 11.7% | ||
| Q2 24 | 0.8% | 7.4% | ||
| Q1 24 | 1.2% | 8.5% |
现金转化率DITNET
| Q4 25 | -14.75× | — | ||
| Q3 25 | 63.32× | — | ||
| Q2 25 | -5.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -114.43× | — | ||
| Q3 24 | 33.16× | — | ||
| Q2 24 | -18.05× | — | ||
| Q1 24 | 90.37× | — |
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
DIT
| Cigarettes | $446.5M | 61% |
| Tobacco | $143.7M | 20% |
| Tobacco Food Service And Other | $82.3M | 11% |
| Confectionery | $46.7M | 6% |
| Retail Segment | $10.8M | 1% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
