vs
Fortive（FTV）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Fortive的季度营收约是Cloudflare, Inc.的1.8倍（$1.1B vs $614.5M），Fortive净利率更高（16.5% vs -2.0%，领先18.5%），Cloudflare, Inc.同比增速更快（33.6% vs 4.6%），Fortive自由现金流更多（$313.8M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -14.2%）
Fortive是总部位于美国华盛顿州埃弗里特的工业科技集团，专注于提供互联工作流解决方案所需的核心技术，研发、生产及销售专业工程类产品、软件与服务，旗下业务分为智能运营解决方案、精密技术、先进医疗解决方案三大战略板块。
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。
FTV vs NET — 直观对比
营收规模更大
FTV
是对方的1.8倍
$614.5M
营收增速更快
NET
高出29.0%
4.6%
净利率更高
FTV
高出18.5%
-2.0%
自由现金流更多
FTV
多$208.6M
$105.2M
两年增速更快
NET
近两年复合增速
-14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $614.5M |
| 净利润 | $185.7M | $-12.1M |
| 毛利率 | 63.2% | 73.6% |
| 营业利润率 | 20.1% | -8.0% |
| 净利率 | 16.5% | -2.0% |
| 营收同比 | 4.6% | 33.6% |
| 净利润同比 | 10.4% | 6.0% |
| 每股收益（稀释后） | $0.60 | $-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FTVNET
| Q4 25 | $1.1B | $614.5M | ||
| Q3 25 | $1.0B | $562.0M | ||
| Q2 25 | $1.5B | $512.3M | ||
| Q1 25 | $1.5B | $479.1M | ||
| Q4 24 | $1.6B | $459.9M | ||
| Q3 24 | $1.5B | $430.1M | ||
| Q2 24 | $1.6B | $401.0M | ||
| Q1 24 | $1.5B | $378.6M |
净利润FTVNET
| Q4 25 | $185.7M | $-12.1M | ||
| Q3 25 | $55.0M | $-1.3M | ||
| Q2 25 | $166.6M | $-50.4M | ||
| Q1 25 | $171.9M | $-38.5M | ||
| Q4 24 | $208.8M | $-12.8M | ||
| Q3 24 | $221.6M | $-15.3M | ||
| Q2 24 | $195.1M | $-15.1M | ||
| Q1 24 | $207.4M | $-35.5M |
毛利率FTVNET
| Q4 25 | 63.2% | 73.6% | ||
| Q3 25 | 63.2% | 74.0% | ||
| Q2 25 | 59.0% | 74.9% | ||
| Q1 25 | 59.8% | 75.9% | ||
| Q4 24 | 60.3% | 76.4% | ||
| Q3 24 | 60.0% | 77.7% | ||
| Q2 24 | 59.8% | 77.8% | ||
| Q1 24 | 59.3% | 77.5% |
营业利润率FTVNET
| Q4 25 | 20.1% | -8.0% | ||
| Q3 25 | 15.5% | -6.7% | ||
| Q2 25 | 14.6% | -13.1% | ||
| Q1 25 | 15.8% | -11.1% | ||
| Q4 24 | 19.0% | -7.5% | ||
| Q3 24 | 19.3% | -7.2% | ||
| Q2 24 | 19.4% | -8.7% | ||
| Q1 24 | 19.8% | -14.4% |
净利率FTVNET
| Q4 25 | 16.5% | -2.0% | ||
| Q3 25 | 5.4% | -0.2% | ||
| Q2 25 | 11.0% | -9.8% | ||
| Q1 25 | 11.7% | -8.0% | ||
| Q4 24 | 12.9% | -2.8% | ||
| Q3 24 | 14.4% | -3.6% | ||
| Q2 24 | 12.6% | -3.8% | ||
| Q1 24 | 13.6% | -9.4% |
每股收益（稀释后）FTVNET
| Q4 25 | $0.60 | $-0.03 | ||
| Q3 25 | $0.16 | $0.00 | ||
| Q2 25 | $0.49 | $-0.15 | ||
| Q1 25 | $0.50 | $-0.11 | ||
| Q4 24 | $0.60 | $-0.05 | ||
| Q3 24 | $0.63 | $-0.04 | ||
| Q2 24 | $0.55 | $-0.04 | ||
| Q1 24 | $0.58 | $-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 | $375.5M | $943.5M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $6.5B | $1.5B |
| 总资产 | $11.7B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资FTVNET
| Q4 25 | $375.5M | $943.5M | ||
| Q3 25 | $430.8M | $1.1B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $892.1M | $204.5M | ||
| Q4 24 | $813.3M | $147.7M | ||
| Q3 24 | $811.3M | $182.9M | ||
| Q2 24 | $644.1M | $157.0M | ||
| Q1 24 | $704.6M | $254.4M |
总债务FTVNET
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.9B | — |
股东权益FTVNET
| Q4 25 | $6.5B | $1.5B | ||
| Q3 25 | $6.5B | $1.3B | ||
| Q2 25 | $10.4B | $1.2B | ||
| Q1 25 | $10.2B | $1.4B | ||
| Q4 24 | $10.2B | $1.0B | ||
| Q3 24 | $10.6B | $973.1M | ||
| Q2 24 | $10.5B | $881.5M | ||
| Q1 24 | $10.5B | $797.2M |
总资产FTVNET
| Q4 25 | $11.7B | $6.0B | ||
| Q3 25 | $11.9B | $5.8B | ||
| Q2 25 | $18.2B | $5.6B | ||
| Q1 25 | $17.1B | $3.7B | ||
| Q4 24 | $17.0B | $3.3B | ||
| Q3 24 | $17.5B | $3.1B | ||
| Q2 24 | $17.3B | $2.9B | ||
| Q1 24 | $17.5B | $2.8B |
负债/权益比FTVNET
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.38× | — |
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 | $1.1B | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $313.8M | $105.2M |
| 自由现金流率自由现金流/营收 | 28.0% | 17.1% |
| 资本支出强度资本支出/营收 | 2.7% | 13.9% |
| 现金转化率经营现金流/净利润 | 5.83× | — |
| 过去12个月自由现金流最近4个季度 | $956.4M | $287.5M |
8季度趋势，按日历期对齐
经营现金流FTVNET
| Q4 25 | $1.1B | $190.4M | ||
| Q3 25 | $164.4M | $167.1M | ||
| Q2 25 | $311.2M | $99.8M | ||
| Q1 25 | $241.7M | $145.8M | ||
| Q4 24 | $502.2M | $127.3M | ||
| Q3 24 | $459.0M | $104.7M | ||
| Q2 24 | $308.9M | $74.8M | ||
| Q1 24 | $256.7M | $73.6M |
自由现金流FTVNET
| Q4 25 | $313.8M | $105.2M | ||
| Q3 25 | $153.1M | $82.5M | ||
| Q2 25 | $274.5M | $39.9M | ||
| Q1 25 | $215.0M | $59.9M | ||
| Q4 24 | $465.2M | $54.2M | ||
| Q3 24 | $431.2M | $54.5M | ||
| Q2 24 | $279.7M | $45.2M | ||
| Q1 24 | $230.3M | $41.5M |
自由现金流率FTVNET
| Q4 25 | 28.0% | 17.1% | ||
| Q3 25 | 14.9% | 14.7% | ||
| Q2 25 | 18.1% | 7.8% | ||
| Q1 25 | 14.6% | 12.5% | ||
| Q4 24 | 28.7% | 11.8% | ||
| Q3 24 | 28.1% | 12.7% | ||
| Q2 24 | 18.0% | 11.3% | ||
| Q1 24 | 15.1% | 11.0% |
资本支出强度FTVNET
| Q4 25 | 2.7% | 13.9% | ||
| Q3 25 | 1.1% | 15.1% | ||
| Q2 25 | 2.4% | 11.7% | ||
| Q1 25 | 1.8% | 17.9% | ||
| Q4 24 | 2.3% | 15.9% | ||
| Q3 24 | 1.8% | 11.7% | ||
| Q2 24 | 1.9% | 7.4% | ||
| Q1 24 | 1.7% | 8.5% |
现金转化率FTVNET
| Q4 25 | 5.83× | — | ||
| Q3 25 | 2.99× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.41× | — | ||
| Q4 24 | 2.41× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 1.58× | — | ||
| Q1 24 | 1.24× | — |
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
FTV
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
