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英特格（ENTG）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
英特格的季度营收约是Cloudflare, Inc.的1.3倍（$823.9M vs $614.5M），英特格净利率更高（6.0% vs -2.0%，领先8.0%），Cloudflare, Inc.同比增速更快（33.6% vs -3.1%），英特格自由现金流更多（$134.0M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 3.4%）
英特格是面向半导体及其他高科技行业的材料供应商，全球员工约8000人，总部位于美国马萨诸塞州比勒里卡。公司在全球多国及地区布局生产、客户服务与研发设施，覆盖美国、加拿大、中国、德国、以色列、日本、马来西亚、新加坡、韩国、中国台湾等地。
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。
ENTG vs NET — 直观对比
营收规模更大
ENTG
是对方的1.3倍
$614.5M
营收增速更快
NET
高出36.7%
-3.1%
净利率更高
ENTG
高出8.0%
-2.0%
自由现金流更多
ENTG
多$28.8M
$105.2M
两年增速更快
NET
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $823.9M | $614.5M |
| 净利润 | $49.4M | $-12.1M |
| 毛利率 | 43.8% | 73.6% |
| 营业利润率 | 12.7% | -8.0% |
| 净利率 | 6.0% | -2.0% |
| 营收同比 | -3.1% | 33.6% |
| 净利润同比 | -51.7% | 6.0% |
| 每股收益（稀释后） | $0.33 | $-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ENTGNET
| Q4 25 | $823.9M | $614.5M | ||
| Q3 25 | $807.1M | $562.0M | ||
| Q2 25 | $792.4M | $512.3M | ||
| Q1 25 | $773.2M | $479.1M | ||
| Q4 24 | $849.8M | $459.9M | ||
| Q3 24 | $807.7M | $430.1M | ||
| Q2 24 | $812.7M | $401.0M | ||
| Q1 24 | $771.0M | $378.6M |
净利润ENTGNET
| Q4 25 | $49.4M | $-12.1M | ||
| Q3 25 | $70.5M | $-1.3M | ||
| Q2 25 | $52.8M | $-50.4M | ||
| Q1 25 | $62.9M | $-38.5M | ||
| Q4 24 | $102.2M | $-12.8M | ||
| Q3 24 | $77.6M | $-15.3M | ||
| Q2 24 | $67.7M | $-15.1M | ||
| Q1 24 | $45.3M | $-35.5M |
毛利率ENTGNET
| Q4 25 | 43.8% | 73.6% | ||
| Q3 25 | 43.5% | 74.0% | ||
| Q2 25 | 44.4% | 74.9% | ||
| Q1 25 | 46.1% | 75.9% | ||
| Q4 24 | 45.6% | 76.4% | ||
| Q3 24 | 46.0% | 77.7% | ||
| Q2 24 | 46.2% | 77.8% | ||
| Q1 24 | 45.6% | 77.5% |
营业利润率ENTGNET
| Q4 25 | 12.7% | -8.0% | ||
| Q3 25 | 15.2% | -6.7% | ||
| Q2 25 | 13.4% | -13.1% | ||
| Q1 25 | 15.8% | -11.1% | ||
| Q4 24 | 17.6% | -7.5% | ||
| Q3 24 | 16.9% | -7.2% | ||
| Q2 24 | 16.0% | -8.7% | ||
| Q1 24 | 15.3% | -14.4% |
净利率ENTGNET
| Q4 25 | 6.0% | -2.0% | ||
| Q3 25 | 8.7% | -0.2% | ||
| Q2 25 | 6.7% | -9.8% | ||
| Q1 25 | 8.1% | -8.0% | ||
| Q4 24 | 12.0% | -2.8% | ||
| Q3 24 | 9.6% | -3.6% | ||
| Q2 24 | 8.3% | -3.8% | ||
| Q1 24 | 5.9% | -9.4% |
每股收益（稀释后）ENTGNET
| Q4 25 | $0.33 | $-0.03 | ||
| Q3 25 | $0.46 | $0.00 | ||
| Q2 25 | $0.35 | $-0.15 | ||
| Q1 25 | $0.41 | $-0.11 | ||
| Q4 24 | $0.67 | $-0.05 | ||
| Q3 24 | $0.51 | $-0.04 | ||
| Q2 24 | $0.45 | $-0.04 | ||
| Q1 24 | $0.30 | $-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 | $360.4M | $943.5M |
| 总债务越低越好 | $3.7B | — |
| 股东权益账面价值 | $4.0B | $1.5B |
| 总资产 | $8.4B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.94× | — |
8季度趋势，按日历期对齐
现金及短期投资ENTGNET
| Q4 25 | $360.4M | $943.5M | ||
| Q3 25 | $399.8M | $1.1B | ||
| Q2 25 | $376.8M | $1.5B | ||
| Q1 25 | $340.9M | $204.5M | ||
| Q4 24 | $329.2M | $147.7M | ||
| Q3 24 | $432.1M | $182.9M | ||
| Q2 24 | $320.0M | $157.0M | ||
| Q1 24 | $340.7M | $254.4M |
总债务ENTGNET
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.2B | — |
股东权益ENTGNET
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $3.9B | $1.3B | ||
| Q2 25 | $3.8B | $1.2B | ||
| Q1 25 | $3.7B | $1.4B | ||
| Q4 24 | $3.7B | $1.0B | ||
| Q3 24 | $3.6B | $973.1M | ||
| Q2 24 | $3.5B | $881.5M | ||
| Q1 24 | $3.4B | $797.2M |
总资产ENTGNET
| Q4 25 | $8.4B | $6.0B | ||
| Q3 25 | $8.4B | $5.8B | ||
| Q2 25 | $8.4B | $5.6B | ||
| Q1 25 | $8.4B | $3.7B | ||
| Q4 24 | $8.4B | $3.3B | ||
| Q3 24 | $8.5B | $3.1B | ||
| Q2 24 | $8.3B | $2.9B | ||
| Q1 24 | $8.4B | $2.8B |
负债/权益比ENTGNET
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 1.08× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.18× | — | ||
| Q1 24 | 1.22× | — |
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 | $192.0M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $134.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 16.3% | 17.1% |
| 资本支出强度资本支出/营收 | 7.0% | 13.9% |
| 现金转化率经营现金流/净利润 | 3.89× | — |
| 过去12个月自由现金流最近4个季度 | $396.2M | $287.5M |
8季度趋势，按日历期对齐
经营现金流ENTGNET
| Q4 25 | $192.0M | $190.4M | ||
| Q3 25 | $249.5M | $167.1M | ||
| Q2 25 | $113.5M | $99.8M | ||
| Q1 25 | $140.4M | $145.8M | ||
| Q4 24 | $176.1M | $127.3M | ||
| Q3 24 | $197.2M | $104.7M | ||
| Q2 24 | $111.2M | $74.8M | ||
| Q1 24 | $147.2M | $73.6M |
自由现金流ENTGNET
| Q4 25 | $134.0M | $105.2M | ||
| Q3 25 | $182.8M | $82.5M | ||
| Q2 25 | $47.0M | $39.9M | ||
| Q1 25 | $32.4M | $59.9M | ||
| Q4 24 | $68.6M | $54.2M | ||
| Q3 24 | $115.0M | $54.5M | ||
| Q2 24 | $51.9M | $45.2M | ||
| Q1 24 | $80.6M | $41.5M |
自由现金流率ENTGNET
| Q4 25 | 16.3% | 17.1% | ||
| Q3 25 | 22.6% | 14.7% | ||
| Q2 25 | 5.9% | 7.8% | ||
| Q1 25 | 4.2% | 12.5% | ||
| Q4 24 | 8.1% | 11.8% | ||
| Q3 24 | 14.2% | 12.7% | ||
| Q2 24 | 6.4% | 11.3% | ||
| Q1 24 | 10.4% | 11.0% |
资本支出强度ENTGNET
| Q4 25 | 7.0% | 13.9% | ||
| Q3 25 | 8.3% | 15.1% | ||
| Q2 25 | 8.4% | 11.7% | ||
| Q1 25 | 14.0% | 17.9% | ||
| Q4 24 | 12.7% | 15.9% | ||
| Q3 24 | 10.2% | 11.7% | ||
| Q2 24 | 7.3% | 7.4% | ||
| Q1 24 | 8.6% | 8.5% |
现金转化率ENTGNET
| Q4 25 | 3.89× | — | ||
| Q3 25 | 3.54× | — | ||
| Q2 25 | 2.15× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 1.64× | — | ||
| Q1 24 | 3.25× | — |
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
ENTG
| Fabs | $516.3M | 63% |
| Equipment And Engineering | $121.8M | 15% |
| Chemical And Materials | $83.8M | 10% |
| Other | $61.7M | 7% |
| Non Semi | $40.3M | 5% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
