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FLAGSTAR BANK, NATIONAL ASSOCIATION（FLG）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FLAGSTAR BANK, NATIONAL ASSOCIATION的1.2倍（$614.5M vs $498.0M），FLAGSTAR BANK, NATIONAL ASSOCIATION净利率更高（4.2% vs -2.0%，领先6.2%），Cloudflare, Inc.同比增速更快（33.6% vs 1.6%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -10.7%）
Flagstar银行是原总部位于美国密歇根州特洛伊的商业银行，成立于1987年，主营零售及商业银行业务、抵押贷款发放及各类金融服务。其控股公司于2022年12月被纽约社区银行收购，后者后将全部门店统一为Flagstar品牌，2024年更名为Flagstar Financial，2025年启动企业重组。
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。
FLG vs NET — 直观对比
营收规模更大
NET
是对方的1.2倍
$498.0M
营收增速更快
NET
高出32.0%
1.6%
净利率更高
FLG
高出6.2%
-2.0%
两年增速更快
NET
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $498.0M | $614.5M |
| 净利润 | $21.0M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 11.4% | -8.0% |
| 净利率 | 4.2% | -2.0% |
| 营收同比 | 1.6% | 33.6% |
| 净利润同比 | -38.1% | 6.0% |
| 每股收益（稀释后） | $0.03 | $-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FLGNET
| Q1 26 | $498.0M | — | ||
| Q4 25 | $2.1B | $614.5M | ||
| Q3 25 | $425.0M | $562.0M | ||
| Q2 25 | $419.0M | $512.3M | ||
| Q1 25 | — | $479.1M | ||
| Q4 24 | $461.0M | $459.9M | ||
| Q3 24 | $510.0M | $430.1M | ||
| Q2 24 | $557.0M | $401.0M |
净利润FLGNET
| Q1 26 | $21.0M | — | ||
| Q4 25 | $29.0M | $-12.1M | ||
| Q3 25 | $-36.0M | $-1.3M | ||
| Q2 25 | $-70.0M | $-50.4M | ||
| Q1 25 | — | $-38.5M | ||
| Q4 24 | $-188.0M | $-12.8M | ||
| Q3 24 | $-280.0M | $-15.3M | ||
| Q2 24 | $-323.0M | $-15.1M |
毛利率FLGNET
| Q1 26 | — | — | ||
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% |
营业利润率FLGNET
| Q1 26 | 11.4% | — | ||
| Q4 25 | — | -8.0% | ||
| Q3 25 | -9.6% | -6.7% | ||
| Q2 25 | -19.3% | -13.1% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | -51.6% | -7.5% | ||
| Q3 24 | -65.7% | -7.2% | ||
| Q2 24 | -76.1% | -8.7% |
净利率FLGNET
| Q1 26 | 4.2% | — | ||
| Q4 25 | 1.4% | -2.0% | ||
| Q3 25 | -8.5% | -0.2% | ||
| Q2 25 | -16.7% | -9.8% | ||
| Q1 25 | — | -8.0% | ||
| Q4 24 | -40.8% | -2.8% | ||
| Q3 24 | -54.9% | -3.6% | ||
| Q2 24 | -58.0% | -3.8% |
每股收益（稀释后）FLGNET
| Q1 26 | $0.03 | — | ||
| Q4 25 | $0.05 | $-0.03 | ||
| Q3 25 | $-0.11 | $0.00 | ||
| Q2 25 | $-0.19 | $-0.15 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | $-1.11 | $-0.05 | ||
| Q3 24 | $-0.79 | $-0.04 | ||
| Q2 24 | $-1.14 | $-0.04 |
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 | — | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.1B | $1.5B |
| 总资产 | $87.1B | $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FLGNET
| Q1 26 | — | — | ||
| Q4 25 | — | $943.5M | ||
| Q3 25 | $23.6B | $1.1B | ||
| Q2 25 | $22.9B | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | $25.8B | $147.7M | ||
| Q3 24 | $33.6B | $182.9M | ||
| Q2 24 | $29.5B | $157.0M |
总债务FLGNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $13.2B | — | ||
| Q2 25 | $13.2B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $14.4B | — | ||
| Q3 24 | $20.3B | — | ||
| Q2 24 | $28.9B | — |
股东权益FLGNET
| Q1 26 | $8.1B | — | ||
| Q4 25 | $8.1M | $1.5B | ||
| Q3 25 | $8.1B | $1.3B | ||
| Q2 25 | $8.1B | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $8.2B | $1.0B | ||
| Q3 24 | $8.6B | $973.1M | ||
| Q2 24 | $8.4B | $881.5M |
总资产FLGNET
| Q1 26 | $87.1B | — | ||
| Q4 25 | $87.5M | $6.0B | ||
| Q3 25 | $91.7B | $5.8B | ||
| Q2 25 | $92.2B | $5.6B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $100.2B | $3.3B | ||
| Q3 24 | $114.4B | $3.1B | ||
| Q2 24 | $119.1B | $2.9B |
负债/权益比FLGNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 2.37× | — | ||
| Q2 24 | 3.44× | — |
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 | — | $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 | — | — |
| 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FLGNET
| Q1 26 | — | — | ||
| Q4 25 | — | $190.4M | ||
| Q3 25 | $243.0M | $167.1M | ||
| Q2 25 | — | $99.8M | ||
| Q1 25 | — | $145.8M | ||
| Q4 24 | $623.0M | $127.3M | ||
| Q3 24 | $-1.0B | $104.7M | ||
| Q2 24 | $796.0M | $74.8M |
自由现金流FLGNET
| Q1 26 | — | — | ||
| 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 |
自由现金流率FLGNET
| Q1 26 | — | — | ||
| 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% |
资本支出强度FLGNET
| Q1 26 | — | — | ||
| 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% |
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
FLG
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
