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劲量控股（ENR）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
劲量控股的季度营收约是Cloudflare, Inc.的1.3倍（$778.9M vs $614.5M），劲量控股净利率更高（-0.4% vs -2.0%，领先1.5%），Cloudflare, Inc.同比增速更快（33.6% vs 6.5%），劲量控股自由现金流更多（$124.2M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 8.4%）
劲量控股是美国电池制造企业，也是全球规模最大的电池生产商之一，总部位于密苏里州克莱顿。旗下拥有劲量、雷特威、瓦尔塔、永备等多个电池品牌，2015年公司将原个人护理业务拆分，成立独立的Edgewell个人护理公司。
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。
ENR vs NET — 直观对比
营收规模更大
ENR
是对方的1.3倍
$614.5M
营收增速更快
NET
高出27.2%
6.5%
净利率更高
ENR
高出1.5%
-2.0%
自由现金流更多
ENR
多$19.0M
$105.2M
两年增速更快
NET
近两年复合增速
8.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $778.9M | $614.5M |
| 净利润 | $-3.4M | $-12.1M |
| 毛利率 | 32.9% | 73.6% |
| 营业利润率 | -0.6% | -8.0% |
| 净利率 | -0.4% | -2.0% |
| 营收同比 | 6.5% | 33.6% |
| 净利润同比 | -115.2% | 6.0% |
| 每股收益（稀释后） | — | $-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ENRNET
| Q4 25 | $778.9M | $614.5M | ||
| Q3 25 | $832.8M | $562.0M | ||
| Q2 25 | $725.3M | $512.3M | ||
| Q1 25 | $662.9M | $479.1M | ||
| Q4 24 | $731.7M | $459.9M | ||
| Q3 24 | $805.7M | $430.1M | ||
| Q2 24 | $701.4M | $401.0M | ||
| Q1 24 | $663.3M | $378.6M |
净利润ENRNET
| Q4 25 | $-3.4M | $-12.1M | ||
| Q3 25 | $34.9M | $-1.3M | ||
| Q2 25 | $153.5M | $-50.4M | ||
| Q1 25 | $28.3M | $-38.5M | ||
| Q4 24 | $22.3M | $-12.8M | ||
| Q3 24 | $47.6M | $-15.3M | ||
| Q2 24 | $-43.8M | $-15.1M | ||
| Q1 24 | $32.4M | $-35.5M |
毛利率ENRNET
| Q4 25 | 32.9% | 73.6% | ||
| Q3 25 | 36.6% | 74.0% | ||
| Q2 25 | 55.1% | 74.9% | ||
| Q1 25 | 39.1% | 75.9% | ||
| Q4 24 | 36.8% | 76.4% | ||
| Q3 24 | 38.1% | 77.7% | ||
| Q2 24 | 39.5% | 77.8% | ||
| Q1 24 | 38.2% | 77.5% |
营业利润率ENRNET
| Q4 25 | -0.6% | -8.0% | ||
| Q3 25 | 6.4% | -6.7% | ||
| Q2 25 | 22.6% | -13.1% | ||
| Q1 25 | 5.5% | -11.1% | ||
| Q4 24 | 4.1% | -7.5% | ||
| Q3 24 | 7.4% | -7.2% | ||
| Q2 24 | -8.2% | -8.7% | ||
| Q1 24 | 6.4% | -14.4% |
净利率ENRNET
| Q4 25 | -0.4% | -2.0% | ||
| Q3 25 | 4.2% | -0.2% | ||
| Q2 25 | 21.2% | -9.8% | ||
| Q1 25 | 4.3% | -8.0% | ||
| Q4 24 | 3.0% | -2.8% | ||
| Q3 24 | 5.9% | -3.6% | ||
| Q2 24 | -6.2% | -3.8% | ||
| Q1 24 | 4.9% | -9.4% |
每股收益（稀释后）ENRNET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-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 | $214.8M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $141.3M | $1.5B |
| 总资产 | $4.4B | $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ENRNET
| Q4 25 | $214.8M | $943.5M | ||
| Q3 25 | $236.2M | $1.1B | ||
| Q2 25 | $171.1M | $1.5B | ||
| Q1 25 | $139.3M | $204.5M | ||
| Q4 24 | $195.9M | $147.7M | ||
| Q3 24 | $216.9M | $182.9M | ||
| Q2 24 | $146.7M | $157.0M | ||
| Q1 24 | $158.1M | $254.4M |
总债务ENRNET
| Q4 25 | — | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
股东权益ENRNET
| Q4 25 | $141.3M | $1.5B | ||
| Q3 25 | $169.9M | $1.3B | ||
| Q2 25 | $183.2M | $1.2B | ||
| Q1 25 | $133.9M | $1.4B | ||
| Q4 24 | $140.6M | $1.0B | ||
| Q3 24 | $135.8M | $973.1M | ||
| Q2 24 | $123.4M | $881.5M | ||
| Q1 24 | $191.3M | $797.2M |
总资产ENRNET
| Q4 25 | $4.4B | $6.0B | ||
| Q3 25 | $4.6B | $5.8B | ||
| Q2 25 | $4.5B | $5.6B | ||
| Q1 25 | $4.2B | $3.7B | ||
| Q4 24 | $4.2B | $3.3B | ||
| Q3 24 | $4.3B | $3.1B | ||
| Q2 24 | $4.2B | $2.9B | ||
| Q1 24 | $4.3B | $2.8B |
负债/权益比ENRNET
| Q4 25 | — | — | ||
| Q3 25 | 20.28× | — | ||
| Q2 25 | 17.57× | — | ||
| Q1 25 | 23.56× | — | ||
| Q4 24 | 22.17× | — | ||
| Q3 24 | 23.51× | — | ||
| Q2 24 | 26.04× | — | ||
| Q1 24 | 16.86× | — |
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 | $149.5M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $124.2M | $105.2M |
| 自由现金流率自由现金流/营收 | 15.9% | 17.1% |
| 资本支出强度资本支出/营收 | 3.2% | 13.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $145.0M | $287.5M |
8季度趋势，按日历期对齐
经营现金流ENRNET
| Q4 25 | $149.5M | $190.4M | ||
| Q3 25 | $61.5M | $167.1M | ||
| Q2 25 | $21.4M | $99.8M | ||
| Q1 25 | $-12.8M | $145.8M | ||
| Q4 24 | $77.0M | $127.3M | ||
| Q3 24 | $168.9M | $104.7M | ||
| Q2 24 | $45.8M | $74.8M | ||
| Q1 24 | $36.8M | $73.6M |
自由现金流ENRNET
| Q4 25 | $124.2M | $105.2M | ||
| Q3 25 | $46.7M | $82.5M | ||
| Q2 25 | $7.9M | $39.9M | ||
| Q1 25 | $-33.8M | $59.9M | ||
| Q4 24 | $42.4M | $54.2M | ||
| Q3 24 | $141.5M | $54.5M | ||
| Q2 24 | $27.3M | $45.2M | ||
| Q1 24 | $10.3M | $41.5M |
自由现金流率ENRNET
| Q4 25 | 15.9% | 17.1% | ||
| Q3 25 | 5.6% | 14.7% | ||
| Q2 25 | 1.1% | 7.8% | ||
| Q1 25 | -5.1% | 12.5% | ||
| Q4 24 | 5.8% | 11.8% | ||
| Q3 24 | 17.6% | 12.7% | ||
| Q2 24 | 3.9% | 11.3% | ||
| Q1 24 | 1.6% | 11.0% |
资本支出强度ENRNET
| Q4 25 | 3.2% | 13.9% | ||
| Q3 25 | 1.8% | 15.1% | ||
| Q2 25 | 1.9% | 11.7% | ||
| Q1 25 | 3.2% | 17.9% | ||
| Q4 24 | 4.7% | 15.9% | ||
| Q3 24 | 3.4% | 11.7% | ||
| Q2 24 | 2.6% | 7.4% | ||
| Q1 24 | 4.0% | 8.5% |
现金转化率ENRNET
| Q4 25 | — | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.14× | — |
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
ENR
| Alkaline Batteries | $666.5M | 86% |
| Auto Care | $93.7M | 12% |
| Lights | $18.7M | 2% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
