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FTI CONSULTING, INC（FCN）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
FTI CONSULTING, INC的季度营收约是Cloudflare, Inc.的1.6倍（$990.7M vs $614.5M），FTI CONSULTING, INC净利率更高（5.5% vs -2.0%，领先7.5%），Cloudflare, Inc.同比增速更快（33.6% vs 10.7%），FTI CONSULTING, INC自由现金流更多（$351.4M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 3.3%）
FTI咨询成立于1982年，总部位于美国华盛顿特区，是全球顶尖的金融咨询服务商之一。公司核心业务涵盖企业融资与重组、经济咨询、法务与诉讼咨询、战略传播、科技及战略咨询等领域，在31个国家拥有逾7700名员工。
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。
FCN vs NET — 直观对比
营收规模更大
FCN
是对方的1.6倍
$614.5M
营收增速更快
NET
高出22.9%
10.7%
净利率更高
FCN
高出7.5%
-2.0%
自由现金流更多
FCN
多$246.1M
$105.2M
两年增速更快
NET
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $990.7M | $614.5M |
| 净利润 | $54.5M | $-12.1M |
| 毛利率 | 31.1% | 73.6% |
| 营业利润率 | 9.4% | -8.0% |
| 净利率 | 5.5% | -2.0% |
| 营收同比 | 10.7% | 33.6% |
| 净利润同比 | 9.7% | 6.0% |
| 每股收益（稀释后） | $1.77 | $-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FCNNET
| Q4 25 | $990.7M | $614.5M | ||
| Q3 25 | $956.2M | $562.0M | ||
| Q2 25 | $943.7M | $512.3M | ||
| Q1 25 | $898.3M | $479.1M | ||
| Q4 24 | $894.9M | $459.9M | ||
| Q3 24 | $926.0M | $430.1M | ||
| Q2 24 | $949.2M | $401.0M | ||
| Q1 24 | $928.6M | $378.6M |
净利润FCNNET
| Q4 25 | $54.5M | $-12.1M | ||
| Q3 25 | $82.8M | $-1.3M | ||
| Q2 25 | $71.7M | $-50.4M | ||
| Q1 25 | $61.8M | $-38.5M | ||
| Q4 24 | $49.7M | $-12.8M | ||
| Q3 24 | $66.5M | $-15.3M | ||
| Q2 24 | $83.9M | $-15.1M | ||
| Q1 24 | $80.0M | $-35.5M |
毛利率FCNNET
| Q4 25 | 31.1% | 73.6% | ||
| Q3 25 | 33.3% | 74.0% | ||
| Q2 25 | 32.1% | 74.9% | ||
| Q1 25 | 32.2% | 75.9% | ||
| Q4 24 | 30.2% | 76.4% | ||
| Q3 24 | 32.2% | 77.7% | ||
| Q2 24 | 32.8% | 77.8% | ||
| Q1 24 | 32.6% | 77.5% |
营业利润率FCNNET
| Q4 25 | 9.4% | -8.0% | ||
| Q3 25 | 12.3% | -6.7% | ||
| Q2 25 | 10.5% | -13.1% | ||
| Q1 25 | 8.8% | -11.1% | ||
| Q4 24 | 5.9% | -7.5% | ||
| Q3 24 | 9.8% | -7.2% | ||
| Q2 24 | 11.0% | -8.7% | ||
| Q1 24 | 10.7% | -14.4% |
净利率FCNNET
| Q4 25 | 5.5% | -2.0% | ||
| Q3 25 | 8.7% | -0.2% | ||
| Q2 25 | 7.6% | -9.8% | ||
| Q1 25 | 6.9% | -8.0% | ||
| Q4 24 | 5.6% | -2.8% | ||
| Q3 24 | 7.2% | -3.6% | ||
| Q2 24 | 8.8% | -3.8% | ||
| Q1 24 | 8.6% | -9.4% |
每股收益（稀释后）FCNNET
| Q4 25 | $1.77 | $-0.03 | ||
| Q3 25 | $2.60 | $0.00 | ||
| Q2 25 | $2.13 | $-0.15 | ||
| Q1 25 | $1.74 | $-0.11 | ||
| Q4 24 | $1.39 | $-0.05 | ||
| Q3 24 | $1.85 | $-0.04 | ||
| Q2 24 | $2.34 | $-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 | $265.1M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $1.5B |
| 总资产 | $3.5B | $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FCNNET
| Q4 25 | $265.1M | $943.5M | ||
| Q3 25 | $146.0M | $1.1B | ||
| Q2 25 | $152.8M | $1.5B | ||
| Q1 25 | $151.1M | $204.5M | ||
| Q4 24 | $660.5M | $147.7M | ||
| Q3 24 | $386.3M | $182.9M | ||
| Q2 24 | $226.4M | $157.0M | ||
| Q1 24 | $244.0M | $254.4M |
总债务FCNNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $60.0M | — | ||
| Q1 24 | $205.0M | — |
股东权益FCNNET
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.3B | $973.1M | ||
| Q2 24 | $2.1B | $881.5M | ||
| Q1 24 | $2.1B | $797.2M |
总资产FCNNET
| Q4 25 | $3.5B | $6.0B | ||
| Q3 25 | $3.5B | $5.8B | ||
| Q2 25 | $3.5B | $5.6B | ||
| Q1 25 | $3.3B | $3.7B | ||
| Q4 24 | $3.6B | $3.3B | ||
| Q3 24 | $3.5B | $3.1B | ||
| Q2 24 | $3.4B | $2.9B | ||
| Q1 24 | $3.3B | $2.8B |
负债/权益比FCNNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.10× | — |
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 | $359.8M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $351.4M | $105.2M |
| 自由现金流率自由现金流/营收 | 35.5% | 17.1% |
| 资本支出强度资本支出/营收 | 0.8% | 13.9% |
| 现金转化率经营现金流/净利润 | 6.60× | — |
| 过去12个月自由现金流最近4个季度 | $93.6M | $287.5M |
8季度趋势，按日历期对齐
经营现金流FCNNET
| Q4 25 | $359.8M | $190.4M | ||
| Q3 25 | $201.9M | $167.1M | ||
| Q2 25 | $55.7M | $99.8M | ||
| Q1 25 | $-465.2M | $145.8M | ||
| Q4 24 | $315.3M | $127.3M | ||
| Q3 24 | $219.4M | $104.7M | ||
| Q2 24 | $135.2M | $74.8M | ||
| Q1 24 | $-274.8M | $73.6M |
自由现金流FCNNET
| Q4 25 | $351.4M | $105.2M | ||
| Q3 25 | $187.0M | $82.5M | ||
| Q2 25 | $38.3M | $39.9M | ||
| Q1 25 | $-483.0M | $59.9M | ||
| Q4 24 | $301.6M | $54.2M | ||
| Q3 24 | $212.3M | $54.5M | ||
| Q2 24 | $125.2M | $45.2M | ||
| Q1 24 | $-279.5M | $41.5M |
自由现金流率FCNNET
| Q4 25 | 35.5% | 17.1% | ||
| Q3 25 | 19.6% | 14.7% | ||
| Q2 25 | 4.1% | 7.8% | ||
| Q1 25 | -53.8% | 12.5% | ||
| Q4 24 | 33.7% | 11.8% | ||
| Q3 24 | 22.9% | 12.7% | ||
| Q2 24 | 13.2% | 11.3% | ||
| Q1 24 | -30.1% | 11.0% |
资本支出强度FCNNET
| Q4 25 | 0.8% | 13.9% | ||
| Q3 25 | 1.6% | 15.1% | ||
| Q2 25 | 1.8% | 11.7% | ||
| Q1 25 | 2.0% | 17.9% | ||
| Q4 24 | 1.5% | 15.9% | ||
| Q3 24 | 0.8% | 11.7% | ||
| Q2 24 | 1.1% | 7.4% | ||
| Q1 24 | 0.5% | 8.5% |
现金转化率FCNNET
| Q4 25 | 6.60× | — | ||
| Q3 25 | 2.44× | — | ||
| Q2 25 | 0.78× | — | ||
| Q1 25 | -7.52× | — | ||
| Q4 24 | 6.34× | — | ||
| Q3 24 | 3.30× | — | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | -3.44× | — |
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
FCN
| Corporate Finance Segment | $423.2M | 43% |
| Forensic And Litigation Consulting | $192.9M | 19% |
| Economic Consulting | $176.2M | 18% |
| Strategic Communications | $99.4M | 10% |
| Other | $99.0M | 10% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
