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EAGLE MATERIALS INC（EXP）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EAGLE MATERIALS INC的1.1倍（$614.5M vs $556.0M），EAGLE MATERIALS INC净利率更高（18.5% vs -2.0%，领先20.5%），Cloudflare, Inc.同比增速更快（33.6% vs -0.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $60.8M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 8.0%）
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
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。
EXP vs NET — 直观对比
营收规模更大
NET
是对方的1.1倍
$556.0M
营收增速更快
NET
高出34.0%
-0.4%
净利率更高
EXP
高出20.5%
-2.0%
自由现金流更多
NET
多$44.5M
$60.8M
两年增速更快
NET
近两年复合增速
8.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $556.0M | $614.5M |
| 净利润 | $102.9M | $-12.1M |
| 毛利率 | 28.9% | 73.6% |
| 营业利润率 | — | -8.0% |
| 净利率 | 18.5% | -2.0% |
| 营收同比 | -0.4% | 33.6% |
| 净利润同比 | -13.9% | 6.0% |
| 每股收益（稀释后） | $3.22 | $-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EXPNET
| Q4 25 | $556.0M | $614.5M | ||
| Q3 25 | $638.9M | $562.0M | ||
| Q2 25 | $634.7M | $512.3M | ||
| Q1 25 | $470.2M | $479.1M | ||
| Q4 24 | $558.0M | $459.9M | ||
| Q3 24 | $623.6M | $430.1M | ||
| Q2 24 | $608.7M | $401.0M | ||
| Q1 24 | $476.7M | $378.6M |
净利润EXPNET
| Q4 25 | $102.9M | $-12.1M | ||
| Q3 25 | $137.4M | $-1.3M | ||
| Q2 25 | $123.4M | $-50.4M | ||
| Q1 25 | $66.5M | $-38.5M | ||
| Q4 24 | $119.6M | $-12.8M | ||
| Q3 24 | $143.5M | $-15.3M | ||
| Q2 24 | $133.8M | $-15.1M | ||
| Q1 24 | $77.1M | $-35.5M |
毛利率EXPNET
| Q4 25 | 28.9% | 73.6% | ||
| Q3 25 | 31.3% | 74.0% | ||
| Q2 25 | 29.2% | 74.9% | ||
| Q1 25 | 22.2% | 75.9% | ||
| Q4 24 | 31.9% | 76.4% | ||
| Q3 24 | 32.7% | 77.7% | ||
| Q2 24 | 30.7% | 77.8% | ||
| Q1 24 | 25.1% | 77.5% |
营业利润率EXPNET
| Q4 25 | — | -8.0% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | — | -13.1% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | 32.8% | -7.5% | ||
| Q3 24 | 34.2% | -7.2% | ||
| Q2 24 | 32.0% | -8.7% | ||
| Q1 24 | 26.9% | -14.4% |
净利率EXPNET
| Q4 25 | 18.5% | -2.0% | ||
| Q3 25 | 21.5% | -0.2% | ||
| Q2 25 | 19.4% | -9.8% | ||
| Q1 25 | 14.1% | -8.0% | ||
| Q4 24 | 21.4% | -2.8% | ||
| Q3 24 | 23.0% | -3.6% | ||
| Q2 24 | 22.0% | -3.8% | ||
| Q1 24 | 16.2% | -9.4% |
每股收益（稀释后）EXPNET
| Q4 25 | $3.22 | $-0.03 | ||
| Q3 25 | $4.23 | $0.00 | ||
| Q2 25 | $3.76 | $-0.15 | ||
| Q1 25 | $2.01 | $-0.11 | ||
| Q4 24 | $3.56 | $-0.05 | ||
| Q3 24 | $4.26 | $-0.04 | ||
| Q2 24 | $3.94 | $-0.04 | ||
| Q1 24 | $2.23 | $-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 | $419.0M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.5B |
| 总资产 | $3.8B | $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EXPNET
| Q4 25 | $419.0M | $943.5M | ||
| Q3 25 | $35.0M | $1.1B | ||
| Q2 25 | $59.7M | $1.5B | ||
| Q1 25 | $20.4M | $204.5M | ||
| Q4 24 | $31.2M | $147.7M | ||
| Q3 24 | $93.9M | $182.9M | ||
| Q2 24 | $46.5M | $157.0M | ||
| Q1 24 | $34.9M | $254.4M |
总债务EXPNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.1B | — |
股东权益EXPNET
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.4B | $973.1M | ||
| Q2 24 | $1.4B | $881.5M | ||
| Q1 24 | $1.3B | $797.2M |
总资产EXPNET
| Q4 25 | $3.8B | $6.0B | ||
| Q3 25 | $3.4B | $5.8B | ||
| Q2 25 | $3.4B | $5.6B | ||
| Q1 25 | $3.3B | $3.7B | ||
| Q4 24 | $3.0B | $3.3B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $3.0B | $2.9B | ||
| Q1 24 | $2.9B | $2.8B |
负债/权益比EXPNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.84× | — |
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 | $170.8M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $60.8M | $105.2M |
| 自由现金流率自由现金流/营收 | 10.9% | 17.1% |
| 资本支出强度资本支出/营收 | 19.8% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.66× | — |
| 过去12个月自由现金流最近4个季度 | $231.8M | $287.5M |
8季度趋势，按日历期对齐
经营现金流EXPNET
| Q4 25 | $170.8M | $190.4M | ||
| Q3 25 | $204.6M | $167.1M | ||
| Q2 25 | $136.6M | $99.8M | ||
| Q1 25 | $62.8M | $145.8M | ||
| Q4 24 | $119.9M | $127.3M | ||
| Q3 24 | $233.3M | $104.7M | ||
| Q2 24 | $132.6M | $74.8M | ||
| Q1 24 | $63.4M | $73.6M |
自由现金流EXPNET
| Q4 25 | $60.8M | $105.2M | ||
| Q3 25 | $96.1M | $82.5M | ||
| Q2 25 | $60.5M | $39.9M | ||
| Q1 25 | $14.5M | $59.9M | ||
| Q4 24 | $72.5M | $54.2M | ||
| Q3 24 | $166.8M | $54.5M | ||
| Q2 24 | $99.5M | $45.2M | ||
| Q1 24 | $30.9M | $41.5M |
自由现金流率EXPNET
| Q4 25 | 10.9% | 17.1% | ||
| Q3 25 | 15.0% | 14.7% | ||
| Q2 25 | 9.5% | 7.8% | ||
| Q1 25 | 3.1% | 12.5% | ||
| Q4 24 | 13.0% | 11.8% | ||
| Q3 24 | 26.7% | 12.7% | ||
| Q2 24 | 16.3% | 11.3% | ||
| Q1 24 | 6.5% | 11.0% |
资本支出强度EXPNET
| Q4 25 | 19.8% | 13.9% | ||
| Q3 25 | 17.0% | 15.1% | ||
| Q2 25 | 12.0% | 11.7% | ||
| Q1 25 | 10.3% | 17.9% | ||
| Q4 24 | 8.5% | 15.9% | ||
| Q3 24 | 10.7% | 11.7% | ||
| Q2 24 | 5.4% | 7.4% | ||
| Q1 24 | 6.8% | 8.5% |
现金转化率EXPNET
| Q4 25 | 1.66× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.99× | — | ||
| Q1 24 | 0.82× | — |
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
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
