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FTAI Aviation Ltd.（FTAI）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
FTAI Aviation Ltd.的季度营收约是Cloudflare, Inc.的1.4倍（$830.7M vs $614.5M），FTAI Aviation Ltd.净利率更高（16.2% vs -2.0%，领先18.1%），FTAI Aviation Ltd.同比增速更快（65.5% vs 33.6%），过去两年FTAI Aviation Ltd.的营收复合增速更高（36.8% vs 27.4%）
FTAI航空有限公司是一家全球性航空基础设施及解决方案提供商，主营商用飞机、航空发动机及相关航空资产的持有、租赁与维护业务，为全球商用航空公司、货运运营商提供定制化资产管理及售后支持服务，助力客户提升运营效率。
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。
FTAI vs NET — 直观对比
营收规模更大
FTAI
是对方的1.4倍
$614.5M
营收增速更快
FTAI
高出31.8%
33.6%
净利率更高
FTAI
高出18.1%
-2.0%
两年增速更快
FTAI
近两年复合增速
27.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $830.7M | $614.5M |
| 净利润 | $134.2M | $-12.1M |
| 毛利率 | 36.9% | 73.6% |
| 营业利润率 | — | -8.0% |
| 净利率 | 16.2% | -2.0% |
| 营收同比 | 65.5% | 33.6% |
| 净利润同比 | 34.7% | 6.0% |
| 每股收益（稀释后） | $1.29 | $-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FTAINET
| Q1 26 | $830.7M | — | ||
| Q4 25 | $662.0M | $614.5M | ||
| Q3 25 | $667.1M | $562.0M | ||
| Q2 25 | $676.2M | $512.3M | ||
| Q1 25 | $502.1M | $479.1M | ||
| Q4 24 | $498.8M | $459.9M | ||
| Q3 24 | $465.8M | $430.1M | ||
| Q2 24 | $443.6M | $401.0M |
净利润FTAINET
| Q1 26 | $134.2M | — | ||
| Q4 25 | $115.6M | $-12.1M | ||
| Q3 25 | $117.7M | $-1.3M | ||
| Q2 25 | $165.4M | $-50.4M | ||
| Q1 25 | $102.4M | $-38.5M | ||
| Q4 24 | $102.4M | $-12.8M | ||
| Q3 24 | $86.5M | $-15.3M | ||
| Q2 24 | $-219.9M | $-15.1M |
毛利率FTAINET
| Q1 26 | 36.9% | — | ||
| Q4 25 | 44.3% | 73.6% | ||
| Q3 25 | 45.6% | 74.0% | ||
| Q2 25 | 45.4% | 74.9% | ||
| Q1 25 | 50.5% | 75.9% | ||
| Q4 24 | 48.3% | 76.4% | ||
| Q3 24 | 52.9% | 77.7% | ||
| Q2 24 | 53.6% | 77.8% |
营业利润率FTAINET
| Q1 26 | — | — | ||
| Q4 25 | 20.3% | -8.0% | ||
| Q3 25 | 21.6% | -6.7% | ||
| Q2 25 | 30.1% | -13.1% | ||
| Q1 25 | 24.9% | -11.1% | ||
| Q4 24 | 21.7% | -7.5% | ||
| Q3 24 | 20.1% | -7.2% | ||
| Q2 24 | -52.5% | -8.7% |
净利率FTAINET
| Q1 26 | 16.2% | — | ||
| Q4 25 | 17.5% | -2.0% | ||
| Q3 25 | 17.6% | -0.2% | ||
| Q2 25 | 24.5% | -9.8% | ||
| Q1 25 | 20.4% | -8.0% | ||
| Q4 24 | 20.5% | -2.8% | ||
| Q3 24 | 18.6% | -3.6% | ||
| Q2 24 | -49.6% | -3.8% |
每股收益（稀释后）FTAINET
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.06 | $-0.03 | ||
| Q3 25 | $1.10 | $0.00 | ||
| Q2 25 | $1.57 | $-0.15 | ||
| Q1 25 | $0.87 | $-0.11 | ||
| Q4 24 | $0.87 | $-0.05 | ||
| Q3 24 | $0.76 | $-0.04 | ||
| Q2 24 | $-2.26 | $-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 | $412.2M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $431.7M | $1.5B |
| 总资产 | $4.5B | $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FTAINET
| Q1 26 | $412.2M | — | ||
| Q4 25 | $300.5M | $943.5M | ||
| Q3 25 | $509.9M | $1.1B | ||
| Q2 25 | $301.9M | $1.5B | ||
| Q1 25 | $112.1M | $204.5M | ||
| Q4 24 | $115.1M | $147.7M | ||
| Q3 24 | $111.9M | $182.9M | ||
| Q2 24 | $169.5M | $157.0M |
总债务FTAINET
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.1B | — |
股东权益FTAINET
| Q1 26 | $431.7M | — | ||
| Q4 25 | $334.2M | $1.5B | ||
| Q3 25 | $252.5M | $1.3B | ||
| Q2 25 | $164.9M | $1.2B | ||
| Q1 25 | $28.3M | $1.4B | ||
| Q4 24 | $81.4M | $1.0B | ||
| Q3 24 | $118.5M | $973.1M | ||
| Q2 24 | $69.6M | $881.5M |
总资产FTAINET
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.4B | $6.0B | ||
| Q3 25 | $4.2B | $5.8B | ||
| Q2 25 | $4.1B | $5.6B | ||
| Q1 25 | $4.3B | $3.7B | ||
| Q4 24 | $4.0B | $3.3B | ||
| Q3 24 | $3.7B | $3.1B | ||
| Q2 24 | $3.4B | $2.9B |
负债/权益比FTAINET
| Q1 26 | — | — | ||
| Q4 25 | 10.32× | — | ||
| Q3 25 | 13.65× | — | ||
| Q2 25 | 20.88× | — | ||
| Q1 25 | 128.56× | — | ||
| Q4 24 | 42.28× | — | ||
| Q3 24 | 27.15× | — | ||
| Q2 24 | 44.24× | — |
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FTAINET
| Q1 26 | — | — | ||
| Q4 25 | $-179.1M | $190.4M | ||
| Q3 25 | $4.6M | $167.1M | ||
| Q2 25 | $-110.3M | $99.8M | ||
| Q1 25 | $-26.0M | $145.8M | ||
| Q4 24 | $-41.8M | $127.3M | ||
| Q3 24 | $41.5M | $104.7M | ||
| Q2 24 | $-187.3M | $74.8M |
自由现金流FTAINET
| Q1 26 | — | — | ||
| Q4 25 | $-189.3M | $105.2M | ||
| Q3 25 | $-1.8M | $82.5M | ||
| Q2 25 | $-117.2M | $39.9M | ||
| Q1 25 | $-30.1M | $59.9M | ||
| Q4 24 | $-48.1M | $54.2M | ||
| Q3 24 | $41.0M | $54.5M | ||
| Q2 24 | $-188.4M | $45.2M |
自由现金流率FTAINET
| Q1 26 | — | — | ||
| Q4 25 | -28.6% | 17.1% | ||
| Q3 25 | -0.3% | 14.7% | ||
| Q2 25 | -17.3% | 7.8% | ||
| Q1 25 | -6.0% | 12.5% | ||
| Q4 24 | -9.6% | 11.8% | ||
| Q3 24 | 8.8% | 12.7% | ||
| Q2 24 | -42.5% | 11.3% |
资本支出强度FTAINET
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 13.9% | ||
| Q3 25 | 1.0% | 15.1% | ||
| Q2 25 | 1.0% | 11.7% | ||
| Q1 25 | 0.8% | 17.9% | ||
| Q4 24 | 1.3% | 15.9% | ||
| Q3 24 | 0.1% | 11.7% | ||
| Q2 24 | 0.3% | 7.4% |
现金转化率FTAINET
| Q1 26 | — | — | ||
| Q4 25 | -1.55× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | -0.67× | — | ||
| Q1 25 | -0.25× | — | ||
| Q4 24 | -0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | — | — |
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
FTAI
| Aerospace products revenue | $522.6M | 63% |
| MRE Contract revenue | $221.2M | 27% |
| Lease income | $39.9M | 5% |
| Maintenance revenue | $30.6M | 4% |
| Asset sales revenue | $10.2M | 1% |
| Other revenue (1) | $6.2M | 1% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
