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优尼威尔（DSGR）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.的季度营收约是优尼威尔的1.2倍（$614.5M vs $518.0M），优尼威尔净利率更高（1.2% vs -2.0%，领先3.2%），Cloudflare, Inc.同比增速更快（33.6% vs 10.7%），Cloudflare, Inc.自由现金流更多（$105.2M vs $32.9M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 13.1%）
优尼威尔解决方案公司是一家全球化化学品与原料分销商，同时可为客户提供各类增值服务，业务网络覆盖全球多个地区，在化工及原料分销领域拥有丰富的行业经验与资源积累。
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。
DSGR vs NET — 直观对比
营收规模更大
NET
是对方的1.2倍
$518.0M
营收增速更快
NET
高出22.9%
10.7%
净利率更高
DSGR
高出3.2%
-2.0%
自由现金流更多
NET
多$72.4M
$32.9M
两年增速更快
NET
近两年复合增速
13.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $518.0M | $614.5M |
| 净利润 | $6.5M | $-12.1M |
| 毛利率 | 32.9% | 73.6% |
| 营业利润率 | 4.6% | -8.0% |
| 净利率 | 1.2% | -2.0% |
| 营收同比 | 10.7% | 33.6% |
| 净利润同比 | -70.6% | 6.0% |
| 每股收益（稀释后） | $0.14 | $-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DSGRNET
| Q4 25 | — | $614.5M | ||
| Q3 25 | $518.0M | $562.0M | ||
| Q2 25 | $502.4M | $512.3M | ||
| Q1 25 | $478.0M | $479.1M | ||
| Q4 24 | $480.5M | $459.9M | ||
| Q3 24 | $468.0M | $430.1M | ||
| Q2 24 | $439.5M | $401.0M | ||
| Q1 24 | $416.1M | $378.6M |
净利润DSGRNET
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $6.5M | $-1.3M | ||
| Q2 25 | $5.0M | $-50.4M | ||
| Q1 25 | $3.3M | $-38.5M | ||
| Q4 24 | $-25.9M | $-12.8M | ||
| Q3 24 | $21.9M | $-15.3M | ||
| Q2 24 | $1.9M | $-15.1M | ||
| Q1 24 | $-5.2M | $-35.5M |
毛利率DSGRNET
| Q4 25 | — | 73.6% | ||
| Q3 25 | 32.9% | 74.0% | ||
| Q2 25 | 33.9% | 74.9% | ||
| Q1 25 | 34.3% | 75.9% | ||
| Q4 24 | 33.3% | 76.4% | ||
| Q3 24 | 33.9% | 77.7% | ||
| Q2 24 | 34.5% | 77.8% | ||
| Q1 24 | 34.5% | 77.5% |
营业利润率DSGRNET
| Q4 25 | — | -8.0% | ||
| Q3 25 | 4.6% | -6.7% | ||
| Q2 25 | 5.3% | -13.1% | ||
| Q1 25 | 4.2% | -11.1% | ||
| Q4 24 | 4.2% | -7.5% | ||
| Q3 24 | 4.0% | -7.2% | ||
| Q2 24 | 3.2% | -8.7% | ||
| Q1 24 | 0.7% | -14.4% |
净利率DSGRNET
| Q4 25 | — | -2.0% | ||
| Q3 25 | 1.2% | -0.2% | ||
| Q2 25 | 1.0% | -9.8% | ||
| Q1 25 | 0.7% | -8.0% | ||
| Q4 24 | -5.4% | -2.8% | ||
| Q3 24 | 4.7% | -3.6% | ||
| Q2 24 | 0.4% | -3.8% | ||
| Q1 24 | -1.3% | -9.4% |
每股收益（稀释后）DSGRNET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.14 | $0.00 | ||
| Q2 25 | $0.11 | $-0.15 | ||
| Q1 25 | $0.07 | $-0.11 | ||
| Q4 24 | $-0.55 | $-0.05 | ||
| Q3 24 | $0.46 | $-0.04 | ||
| Q2 24 | $0.04 | $-0.04 | ||
| Q1 24 | $-0.11 | $-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 | $69.2M | $943.5M |
| 总债务越低越好 | $665.5M | — |
| 股东权益账面价值 | $653.9M | $1.5B |
| 总资产 | $1.8B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.02× | — |
8季度趋势，按日历期对齐
现金及短期投资DSGRNET
| Q4 25 | — | $943.5M | ||
| Q3 25 | $69.2M | $1.1B | ||
| Q2 25 | $47.4M | $1.5B | ||
| Q1 25 | $65.4M | $204.5M | ||
| Q4 24 | $66.5M | $147.7M | ||
| Q3 24 | $61.3M | $182.9M | ||
| Q2 24 | $46.8M | $157.0M | ||
| Q1 24 | $73.1M | $254.4M |
总债务DSGRNET
| Q4 25 | — | — | ||
| Q3 25 | $665.5M | — | ||
| Q2 25 | $675.0M | — | ||
| Q1 25 | $712.4M | — | ||
| Q4 24 | $693.9M | — | ||
| Q3 24 | $704.1M | — | ||
| Q2 24 | $573.7M | — | ||
| Q1 24 | $535.7M | — |
股东权益DSGRNET
| Q4 25 | — | $1.5B | ||
| Q3 25 | $653.9M | $1.3B | ||
| Q2 25 | $649.4M | $1.2B | ||
| Q1 25 | $636.7M | $1.4B | ||
| Q4 24 | $640.5M | $1.0B | ||
| Q3 24 | $680.8M | $973.1M | ||
| Q2 24 | $653.3M | $881.5M | ||
| Q1 24 | $654.7M | $797.2M |
总资产DSGRNET
| Q4 25 | — | $6.0B | ||
| Q3 25 | $1.8B | $5.8B | ||
| Q2 25 | $1.8B | $5.6B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.6B | $2.9B | ||
| Q1 24 | $1.5B | $2.8B |
负债/权益比DSGRNET
| Q4 25 | — | — | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 1.08× | — | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.82× | — |
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 | $38.4M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $32.9M | $105.2M |
| 自由现金流率自由现金流/营收 | 6.3% | 17.1% |
| 资本支出强度资本支出/营收 | 1.1% | 13.9% |
| 现金转化率经营现金流/净利润 | 5.95× | — |
| 过去12个月自由现金流最近4个季度 | $92.2M | $287.5M |
8季度趋势，按日历期对齐
经营现金流DSGRNET
| Q4 25 | — | $190.4M | ||
| Q3 25 | $38.4M | $167.1M | ||
| Q2 25 | $33.3M | $99.8M | ||
| Q1 25 | $-4.8M | $145.8M | ||
| Q4 24 | $45.7M | $127.3M | ||
| Q3 24 | $-17.3M | $104.7M | ||
| Q2 24 | $21.4M | $74.8M | ||
| Q1 24 | $6.6M | $73.6M |
自由现金流DSGRNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | $32.9M | $82.5M | ||
| Q2 25 | $28.7M | $39.9M | ||
| Q1 25 | $-10.4M | $59.9M | ||
| Q4 24 | $41.1M | $54.2M | ||
| Q3 24 | $-20.5M | $54.5M | ||
| Q2 24 | $18.0M | $45.2M | ||
| Q1 24 | $4.2M | $41.5M |
自由现金流率DSGRNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | 6.3% | 14.7% | ||
| Q2 25 | 5.7% | 7.8% | ||
| Q1 25 | -2.2% | 12.5% | ||
| Q4 24 | 8.6% | 11.8% | ||
| Q3 24 | -4.4% | 12.7% | ||
| Q2 24 | 4.1% | 11.3% | ||
| Q1 24 | 1.0% | 11.0% |
资本支出强度DSGRNET
| Q4 25 | — | 13.9% | ||
| Q3 25 | 1.1% | 15.1% | ||
| Q2 25 | 0.9% | 11.7% | ||
| Q1 25 | 1.2% | 17.9% | ||
| Q4 24 | 1.0% | 15.9% | ||
| Q3 24 | 0.7% | 11.7% | ||
| Q2 24 | 0.8% | 7.4% | ||
| Q1 24 | 0.6% | 8.5% |
现金转化率DSGRNET
| Q4 25 | — | — | ||
| Q3 25 | 5.95× | — | ||
| Q2 25 | 6.66× | — | ||
| Q1 25 | -1.46× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.79× | — | ||
| Q2 24 | 11.28× | — | ||
| 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
DSGR
| Test Equity Segment | $206.5M | 40% |
| Gexpro Services Segment | $130.5M | 25% |
| Lawson Segment | $121.5M | 23% |
| Canada Branch Division Segment | $60.0M | 12% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
