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Essex Property Trust（ESS）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Essex Property Trust的1.3倍（$614.5M vs $479.6M），Essex Property Trust净利率更高（17.9% vs -2.0%，领先19.8%），Cloudflare, Inc.同比增速更快（33.6% vs 5.5%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 6.0%）
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
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。
ESS vs NET — 直观对比
营收规模更大
NET
是对方的1.3倍
$479.6M
营收增速更快
NET
高出28.1%
5.5%
净利率更高
ESS
高出19.8%
-2.0%
两年增速更快
NET
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $614.5M |
| 净利润 | $85.7M | $-12.1M |
| 毛利率 | 70.0% | 73.6% |
| 营业利润率 | 31.7% | -8.0% |
| 净利率 | 17.9% | -2.0% |
| 营收同比 | 5.5% | 33.6% |
| 净利润同比 | -71.6% | 6.0% |
| 每股收益（稀释后） | $1.24 | $-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ESSNET
| Q4 25 | $479.6M | $614.5M | ||
| Q3 25 | $473.3M | $562.0M | ||
| Q2 25 | $469.8M | $512.3M | ||
| Q1 25 | $464.6M | $479.1M | ||
| Q4 24 | $454.5M | $459.9M | ||
| Q3 24 | $450.7M | $430.1M | ||
| Q2 24 | $442.4M | $401.0M | ||
| Q1 24 | $426.9M | $378.6M |
净利润ESSNET
| Q4 25 | $85.7M | $-12.1M | ||
| Q3 25 | $172.7M | $-1.3M | ||
| Q2 25 | $231.5M | $-50.4M | ||
| Q1 25 | $212.8M | $-38.5M | ||
| Q4 24 | $301.7M | $-12.8M | ||
| Q3 24 | $125.5M | $-15.3M | ||
| Q2 24 | $99.0M | $-15.1M | ||
| Q1 24 | $285.1M | $-35.5M |
毛利率ESSNET
| Q4 25 | 70.0% | 73.6% | ||
| Q3 25 | 69.2% | 74.0% | ||
| Q2 25 | 70.7% | 74.9% | ||
| Q1 25 | 69.6% | 75.9% | ||
| Q4 24 | 70.0% | 76.4% | ||
| Q3 24 | 69.5% | 77.7% | ||
| Q2 24 | 70.8% | 77.8% | ||
| Q1 24 | 69.7% | 77.5% |
营业利润率ESSNET
| Q4 25 | 31.7% | -8.0% | ||
| Q3 25 | 44.5% | -6.7% | ||
| Q2 25 | 59.5% | -13.1% | ||
| Q1 25 | 55.3% | -11.1% | ||
| Q4 24 | 67.0% | -7.5% | ||
| Q3 24 | 28.6% | -7.2% | ||
| Q2 24 | 31.1% | -8.7% | ||
| Q1 24 | 31.0% | -14.4% |
净利率ESSNET
| Q4 25 | 17.9% | -2.0% | ||
| Q3 25 | 36.5% | -0.2% | ||
| Q2 25 | 49.3% | -9.8% | ||
| Q1 25 | 45.8% | -8.0% | ||
| Q4 24 | 66.4% | -2.8% | ||
| Q3 24 | 27.8% | -3.6% | ||
| Q2 24 | 22.4% | -3.8% | ||
| Q1 24 | 66.8% | -9.4% |
每股收益（稀释后）ESSNET
| Q4 25 | $1.24 | $-0.03 | ||
| Q3 25 | $2.56 | $0.00 | ||
| Q2 25 | $3.44 | $-0.15 | ||
| Q1 25 | $3.16 | $-0.11 | ||
| Q4 24 | $4.00 | $-0.05 | ||
| Q3 24 | $1.84 | $-0.04 | ||
| Q2 24 | $1.45 | $-0.04 | ||
| Q1 24 | $4.25 | $-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 | $76.2M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.5B | $1.5B |
| 总资产 | $13.2B | $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ESSNET
| Q4 25 | $76.2M | $943.5M | ||
| Q3 25 | $66.0M | $1.1B | ||
| Q2 25 | $58.7M | $1.5B | ||
| Q1 25 | $98.7M | $204.5M | ||
| Q4 24 | $66.8M | $147.7M | ||
| Q3 24 | $71.3M | $182.9M | ||
| Q2 24 | $55.2M | $157.0M | ||
| Q1 24 | $499.0M | $254.4M |
总债务ESSNET
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
股东权益ESSNET
| Q4 25 | $5.5B | $1.5B | ||
| Q3 25 | $5.6B | $1.3B | ||
| Q2 25 | $5.6B | $1.2B | ||
| Q1 25 | $5.6B | $1.4B | ||
| Q4 24 | $5.5B | $1.0B | ||
| Q3 24 | $5.4B | $973.1M | ||
| Q2 24 | $5.5B | $881.5M | ||
| Q1 24 | $5.5B | $797.2M |
总资产ESSNET
| Q4 25 | $13.2B | $6.0B | ||
| Q3 25 | $13.2B | $5.8B | ||
| Q2 25 | $13.2B | $5.6B | ||
| Q1 25 | $13.2B | $3.7B | ||
| Q4 24 | $12.9B | $3.3B | ||
| Q3 24 | $12.6B | $3.1B | ||
| Q2 24 | $12.5B | $2.9B | ||
| Q1 24 | $12.9B | $2.8B |
负债/权益比ESSNET
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.19× | — |
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 | $1.1B | $190.4M |
| 自由现金流经营现金流 - 资本支出 | — | $105.2M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | — | 13.9% |
| 现金转化率经营现金流/净利润 | 12.53× | — |
| 过去12个月自由现金流最近4个季度 | — | $287.5M |
8季度趋势，按日历期对齐
经营现金流ESSNET
| Q4 25 | $1.1B | $190.4M | ||
| Q3 25 | $342.6M | $167.1M | ||
| Q2 25 | $216.1M | $99.8M | ||
| Q1 25 | $281.5M | $145.8M | ||
| Q4 24 | $1.1B | $127.3M | ||
| Q3 24 | $316.2M | $104.7M | ||
| Q2 24 | $218.9M | $74.8M | ||
| Q1 24 | $314.9M | $73.6M |
自由现金流ESSNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | — | $41.5M |
自由现金流率ESSNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 11.0% |
资本支出强度ESSNET
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 8.5% |
现金转化率ESSNET
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | — |
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
ESS
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
