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Dorman Products, Inc.（DORM）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Dorman Products, Inc.的1.1倍（$614.5M vs $537.9M），Dorman Products, Inc.净利率更高（2.1% vs -2.0%，领先4.1%），Cloudflare, Inc.同比增速更快（33.6% vs 0.8%），Cloudflare, Inc.自由现金流更多（$105.2M vs $33.5M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 7.1%）
多尔曼产品公司是美国知名的汽车售后配件制造商，成立于1918年，总部位于宾夕法尼亚州科尔马，在纳斯达克上市，股票代码为DORM，深耕汽车售后市场多年，为市场提供丰富的替换零部件产品。
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。
DORM vs NET — 直观对比
营收规模更大
NET
是对方的1.1倍
$537.9M
营收增速更快
NET
高出32.8%
0.8%
净利率更高
DORM
高出4.1%
-2.0%
自由现金流更多
NET
多$71.7M
$33.5M
两年增速更快
NET
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $537.9M | $614.5M |
| 净利润 | $11.6M | $-12.1M |
| 毛利率 | 42.6% | 73.6% |
| 营业利润率 | 5.8% | -8.0% |
| 净利率 | 2.1% | -2.0% |
| 营收同比 | 0.8% | 33.6% |
| 净利润同比 | -78.8% | 6.0% |
| 每股收益（稀释后） | $0.38 | $-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DORMNET
| Q4 25 | $537.9M | $614.5M | ||
| Q3 25 | $543.7M | $562.0M | ||
| Q2 25 | $541.0M | $512.3M | ||
| Q1 25 | $507.7M | $479.1M | ||
| Q4 24 | $533.8M | $459.9M | ||
| Q3 24 | $503.8M | $430.1M | ||
| Q2 24 | $503.0M | $401.0M | ||
| Q1 24 | $468.7M | $378.6M |
净利润DORMNET
| Q4 25 | $11.6M | $-12.1M | ||
| Q3 25 | $76.4M | $-1.3M | ||
| Q2 25 | $58.7M | $-50.4M | ||
| Q1 25 | $57.5M | $-38.5M | ||
| Q4 24 | $54.5M | $-12.8M | ||
| Q3 24 | $55.3M | $-15.3M | ||
| Q2 24 | $47.4M | $-15.1M | ||
| Q1 24 | $32.8M | $-35.5M |
毛利率DORMNET
| Q4 25 | 42.6% | 73.6% | ||
| Q3 25 | 44.4% | 74.0% | ||
| Q2 25 | 40.6% | 74.9% | ||
| Q1 25 | 40.9% | 75.9% | ||
| Q4 24 | 41.5% | 76.4% | ||
| Q3 24 | 40.5% | 77.7% | ||
| Q2 24 | 39.6% | 77.8% | ||
| Q1 24 | 38.7% | 77.5% |
营业利润率DORMNET
| Q4 25 | 5.8% | -8.0% | ||
| Q3 25 | 19.4% | -6.7% | ||
| Q2 25 | 15.2% | -13.1% | ||
| Q1 25 | 15.8% | -11.1% | ||
| Q4 24 | 16.3% | -7.5% | ||
| Q3 24 | 15.7% | -7.2% | ||
| Q2 24 | 14.4% | -8.7% | ||
| Q1 24 | 11.6% | -14.4% |
净利率DORMNET
| Q4 25 | 2.1% | -2.0% | ||
| Q3 25 | 14.1% | -0.2% | ||
| Q2 25 | 10.9% | -9.8% | ||
| Q1 25 | 11.3% | -8.0% | ||
| Q4 24 | 10.2% | -2.8% | ||
| Q3 24 | 11.0% | -3.6% | ||
| Q2 24 | 9.4% | -3.8% | ||
| Q1 24 | 7.0% | -9.4% |
每股收益（稀释后）DORMNET
| Q4 25 | $0.38 | $-0.03 | ||
| Q3 25 | $2.48 | $0.00 | ||
| Q2 25 | $1.91 | $-0.15 | ||
| Q1 25 | $1.87 | $-0.11 | ||
| Q4 24 | $1.76 | $-0.05 | ||
| Q3 24 | $1.80 | $-0.04 | ||
| Q2 24 | $1.53 | $-0.04 | ||
| Q1 24 | $1.05 | $-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 | $49.4M | $943.5M |
| 总债务越低越好 | $440.6M | — |
| 股东权益账面价值 | $1.5B | $1.5B |
| 总资产 | $2.5B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资DORMNET
| Q4 25 | $49.4M | $943.5M | ||
| Q3 25 | $55.5M | $1.1B | ||
| Q2 25 | $56.8M | $1.5B | ||
| Q1 25 | $60.6M | $204.5M | ||
| Q4 24 | $57.1M | $147.7M | ||
| Q3 24 | $45.1M | $182.9M | ||
| Q2 24 | $47.5M | $157.0M | ||
| Q1 24 | $34.4M | $254.4M |
总债务DORMNET
| Q4 25 | $440.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $468.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DORMNET
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.2B | $973.1M | ||
| Q2 24 | $1.2B | $881.5M | ||
| Q1 24 | $1.2B | $797.2M |
总资产DORMNET
| Q4 25 | $2.5B | $6.0B | ||
| Q3 25 | $2.6B | $5.8B | ||
| Q2 25 | $2.5B | $5.6B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.4B | $3.3B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $2.3B | $2.9B | ||
| Q1 24 | $2.2B | $2.8B |
负债/权益比DORMNET
| Q4 25 | 0.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $41.6M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $33.5M | $105.2M |
| 自由现金流率自由现金流/营收 | 6.2% | 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 | 3.60× | — |
| 过去12个月自由现金流最近4个季度 | $75.7M | $287.5M |
8季度趋势，按日历期对齐
经营现金流DORMNET
| Q4 25 | $41.6M | $190.4M | ||
| Q3 25 | $12.2M | $167.1M | ||
| Q2 25 | $8.5M | $99.8M | ||
| Q1 25 | $51.2M | $145.8M | ||
| Q4 24 | $71.4M | $127.3M | ||
| Q3 24 | $44.3M | $104.7M | ||
| Q2 24 | $63.3M | $74.8M | ||
| Q1 24 | $52.0M | $73.6M |
自由现金流DORMNET
| Q4 25 | $33.5M | $105.2M | ||
| Q3 25 | $1.8M | $82.5M | ||
| Q2 25 | $98.0K | $39.9M | ||
| Q1 25 | $40.3M | $59.9M | ||
| Q4 24 | $63.2M | $54.2M | ||
| Q3 24 | $35.7M | $54.5M | ||
| Q2 24 | $51.4M | $45.2M | ||
| Q1 24 | $41.2M | $41.5M |
自由现金流率DORMNET
| Q4 25 | 6.2% | 17.1% | ||
| Q3 25 | 0.3% | 14.7% | ||
| Q2 25 | 0.0% | 7.8% | ||
| Q1 25 | 7.9% | 12.5% | ||
| Q4 24 | 11.8% | 11.8% | ||
| Q3 24 | 7.1% | 12.7% | ||
| Q2 24 | 10.2% | 11.3% | ||
| Q1 24 | 8.8% | 11.0% |
资本支出强度DORMNET
| Q4 25 | 1.5% | 13.9% | ||
| Q3 25 | 1.9% | 15.1% | ||
| Q2 25 | 1.6% | 11.7% | ||
| Q1 25 | 2.2% | 17.9% | ||
| Q4 24 | 1.5% | 15.9% | ||
| Q3 24 | 1.7% | 11.7% | ||
| Q2 24 | 2.4% | 7.4% | ||
| Q1 24 | 2.3% | 8.5% |
现金转化率DORMNET
| Q4 25 | 3.60× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 1.34× | — | ||
| Q1 24 | 1.58× | — |
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
DORM
| Light Duty | $428.6M | 80% |
| Heavy Duty | $55.8M | 10% |
| Specialty Vehicle | $53.5M | 10% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
