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FNB CORP（FNB）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FNB CORP的1.7倍（$614.5M vs $366.0M），FNB CORP净利率更高（45.9% vs -2.0%，领先47.9%），Cloudflare, Inc.同比增速更快（33.6% vs 13.7%），Cloudflare, Inc.自由现金流更多（$105.2M vs $99.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 7.1%）
FNB集团是总部位于美国宾夕法尼亚州匹兹堡的多元化金融服务机构，为旗下最大子公司第一国民银行的控股主体，截至2025年12月31日总资产超500亿美元，业务覆盖匹兹堡、巴尔的摩、克利夫兰、华盛顿特区、北卡罗来纳州多座城市及南卡罗来纳州查尔斯顿等核心都会区。
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。
FNB vs NET — 直观对比
营收规模更大
NET
是对方的1.7倍
$366.0M
营收增速更快
NET
高出19.9%
13.7%
净利率更高
FNB
高出47.9%
-2.0%
自由现金流更多
NET
多$6.2M
$99.0M
两年增速更快
NET
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $366.0M | $614.5M |
| 净利润 | $168.0M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 45.1% | -8.0% |
| 净利率 | 45.9% | -2.0% |
| 营收同比 | 13.7% | 33.6% |
| 净利润同比 | 52.7% | 6.0% |
| 每股收益（稀释后） | $0.47 | $-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FNBNET
| Q4 25 | $366.0M | $614.5M | ||
| Q3 25 | $359.0M | $562.0M | ||
| Q2 25 | $348.0M | $512.3M | ||
| Q1 25 | $323.0M | $479.1M | ||
| Q4 24 | $322.0M | $459.9M | ||
| Q3 24 | $323.0M | $430.1M | ||
| Q2 24 | $316.0M | $401.0M | ||
| Q1 24 | $319.0M | $378.6M |
净利润FNBNET
| Q4 25 | $168.0M | $-12.1M | ||
| Q3 25 | $150.0M | $-1.3M | ||
| Q2 25 | $130.0M | $-50.4M | ||
| Q1 25 | $117.0M | $-38.5M | ||
| Q4 24 | $110.0M | $-12.8M | ||
| Q3 24 | $110.0M | $-15.3M | ||
| Q2 24 | $123.0M | $-15.1M | ||
| Q1 24 | $122.0M | $-35.5M |
毛利率FNBNET
| 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% | ||
| Q1 24 | — | 77.5% |
营业利润率FNBNET
| Q4 25 | 45.1% | -8.0% | ||
| Q3 25 | 52.9% | -6.7% | ||
| Q2 25 | 47.7% | -13.1% | ||
| Q1 25 | 45.8% | -11.1% | ||
| Q4 24 | 31.7% | -7.5% | ||
| Q3 24 | 43.3% | -7.2% | ||
| Q2 24 | 49.7% | -8.7% | ||
| Q1 24 | 48.9% | -14.4% |
净利率FNBNET
| Q4 25 | 45.9% | -2.0% | ||
| Q3 25 | 41.8% | -0.2% | ||
| Q2 25 | 37.4% | -9.8% | ||
| Q1 25 | 36.2% | -8.0% | ||
| Q4 24 | 34.2% | -2.8% | ||
| Q3 24 | 34.1% | -3.6% | ||
| Q2 24 | 38.9% | -3.8% | ||
| Q1 24 | 38.2% | -9.4% |
每股收益（稀释后）FNBNET
| Q4 25 | $0.47 | $-0.03 | ||
| Q3 25 | $0.41 | $0.00 | ||
| Q2 25 | $0.36 | $-0.15 | ||
| Q1 25 | $0.32 | $-0.11 | ||
| Q4 24 | $0.31 | $-0.05 | ||
| Q3 24 | $0.30 | $-0.04 | ||
| Q2 24 | $0.34 | $-0.04 | ||
| Q1 24 | $0.32 | $-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 | $2.5B | $943.5M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $6.8B | $1.5B |
| 总资产 | $50.2B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资FNBNET
| Q4 25 | $2.5B | $943.5M | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.4B | $1.5B | ||
| Q1 25 | $2.4B | $204.5M | ||
| Q4 24 | $2.4B | $147.7M | ||
| Q3 24 | $2.1B | $182.9M | ||
| Q2 24 | $1.9B | $157.0M | ||
| Q1 24 | $1.5B | $254.4M |
总债务FNBNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | — |
股东权益FNBNET
| Q4 25 | $6.8B | $1.5B | ||
| Q3 25 | $6.6B | $1.3B | ||
| Q2 25 | $6.5B | $1.2B | ||
| Q1 25 | $6.4B | $1.4B | ||
| Q4 24 | $6.3B | $1.0B | ||
| Q3 24 | $6.2B | $973.1M | ||
| Q2 24 | $6.1B | $881.5M | ||
| Q1 24 | $6.0B | $797.2M |
总资产FNBNET
| Q4 25 | $50.2B | $6.0B | ||
| Q3 25 | $49.9B | $5.8B | ||
| Q2 25 | $49.7B | $5.6B | ||
| Q1 25 | $49.0B | $3.7B | ||
| Q4 24 | $48.6B | $3.3B | ||
| Q3 24 | $48.0B | $3.1B | ||
| Q2 24 | $47.7B | $2.9B | ||
| Q1 24 | $45.9B | $2.8B |
负债/权益比FNBNET
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.32× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.48× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | 0.35× | — |
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 | $128.0M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $99.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 27.0% | 17.1% |
| 资本支出强度资本支出/营收 | 7.9% | 13.9% |
| 现金转化率经营现金流/净利润 | 0.76× | — |
| 过去12个月自由现金流最近4个季度 | $376.0M | $287.5M |
8季度趋势，按日历期对齐
经营现金流FNBNET
| Q4 25 | $128.0M | $190.4M | ||
| Q3 25 | $167.0M | $167.1M | ||
| Q2 25 | $123.0M | $99.8M | ||
| Q1 25 | $64.0M | $145.8M | ||
| Q4 24 | $326.0M | $127.3M | ||
| Q3 24 | $-14.0M | $104.7M | ||
| Q2 24 | $85.0M | $74.8M | ||
| Q1 24 | $245.0M | $73.6M |
自由现金流FNBNET
| Q4 25 | $99.0M | $105.2M | ||
| Q3 25 | $149.0M | $82.5M | ||
| Q2 25 | $85.0M | $39.9M | ||
| Q1 25 | $43.0M | $59.9M | ||
| Q4 24 | $278.0M | $54.2M | ||
| Q3 24 | $-46.0M | $54.5M | ||
| Q2 24 | $55.0M | $45.2M | ||
| Q1 24 | $216.0M | $41.5M |
自由现金流率FNBNET
| Q4 25 | 27.0% | 17.1% | ||
| Q3 25 | 41.5% | 14.7% | ||
| Q2 25 | 24.4% | 7.8% | ||
| Q1 25 | 13.3% | 12.5% | ||
| Q4 24 | 86.3% | 11.8% | ||
| Q3 24 | -14.2% | 12.7% | ||
| Q2 24 | 17.4% | 11.3% | ||
| Q1 24 | 67.7% | 11.0% |
资本支出强度FNBNET
| Q4 25 | 7.9% | 13.9% | ||
| Q3 25 | 5.0% | 15.1% | ||
| Q2 25 | 10.9% | 11.7% | ||
| Q1 25 | 6.5% | 17.9% | ||
| Q4 24 | 14.9% | 15.9% | ||
| Q3 24 | 9.9% | 11.7% | ||
| Q2 24 | 9.5% | 7.4% | ||
| Q1 24 | 9.1% | 8.5% |
现金转化率FNBNET
| Q4 25 | 0.76× | — | ||
| Q3 25 | 1.11× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 2.96× | — | ||
| Q3 24 | -0.13× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 2.01× | — |
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
FNB
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
