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Gen Digital（GEN）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Gen Digital的季度营收约是Cloudflare, Inc.的2.0倍（$1.2B vs $614.5M）。Gen Digital净利率更高（15.5% vs -2.0%，领先17.4%）。Cloudflare, Inc.同比增速更快（33.6% vs 28.5%）。过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 13.4%）
Gen Digital是一家跨国软件企业，双总部分别设于美国亚利桑那州坦佩和欧盟捷克布拉格，是财富500强企业及标普500指数成分股，同时在纳斯达克与布拉格证券交易所挂牌上市。公司主营网络安全软件、金融科技及相关服务，旗下拥有诺顿、Avast、LifeLock、AVG、CCleaner等多个知名品牌。
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。
GEN vs NET — 直观对比
营收规模更大
GEN
是对方的2.0倍
$614.5M
营收增速更快
NET
高出5.1%
28.5%
净利率更高
GEN
高出17.4%
-2.0%
两年增速更快
NET
近两年复合增速
13.4%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $614.5M |
| 净利润 | $192.0M | $-12.1M |
| 毛利率 | 78.4% | 73.6% |
| 营业利润率 | 34.9% | -8.0% |
| 净利率 | 15.5% | -2.0% |
| 营收同比 | 28.5% | 33.6% |
| 净利润同比 | 6.1% | 6.0% |
| 每股收益（稀释后） | $0.31 | $-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GENNET
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $614.5M | ||
| Q3 25 | $1.3B | $562.0M | ||
| Q2 25 | — | $512.3M | ||
| Q1 25 | $1.0B | $479.1M | ||
| Q4 24 | $986.0M | $459.9M | ||
| Q3 24 | $974.0M | $430.1M | ||
| Q2 24 | $965.0M | $401.0M |
净利润GENNET
| Q1 26 | $192.0M | — | ||
| Q4 25 | $134.0M | $-12.1M | ||
| Q3 25 | $135.0M | $-1.3M | ||
| Q2 25 | — | $-50.4M | ||
| Q1 25 | $142.0M | $-38.5M | ||
| Q4 24 | $159.0M | $-12.8M | ||
| Q3 24 | $161.0M | $-15.3M | ||
| Q2 24 | $181.0M | $-15.1M |
毛利率GENNET
| Q1 26 | 78.4% | — | ||
| Q4 25 | 78.2% | 73.6% | ||
| Q3 25 | 78.8% | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | 80.3% | 75.9% | ||
| Q4 24 | 80.4% | 76.4% | ||
| Q3 24 | 80.1% | 77.7% | ||
| Q2 24 | 80.3% | 77.8% |
营业利润率GENNET
| Q1 26 | 34.9% | — | ||
| Q4 25 | 35.9% | -8.0% | ||
| Q3 25 | 35.5% | -6.7% | ||
| Q2 25 | — | -13.1% | ||
| Q1 25 | 41.3% | -11.1% | ||
| Q4 24 | 37.9% | -7.5% | ||
| Q3 24 | 41.3% | -7.2% | ||
| Q2 24 | 43.2% | -8.7% |
净利率GENNET
| Q1 26 | 15.5% | — | ||
| Q4 25 | 11.0% | -2.0% | ||
| Q3 25 | 10.7% | -0.2% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | 14.1% | -8.0% | ||
| Q4 24 | 16.1% | -2.8% | ||
| Q3 24 | 16.5% | -3.6% | ||
| Q2 24 | 18.8% | -3.8% |
每股收益（稀释后）GENNET
| Q1 26 | $0.31 | — | ||
| Q4 25 | $0.21 | $-0.03 | ||
| Q3 25 | $0.22 | $0.00 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | $0.22 | $-0.11 | ||
| Q4 24 | $0.26 | $-0.05 | ||
| Q3 24 | $0.26 | $-0.04 | ||
| Q2 24 | $0.29 | $-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 | $8.4B | — |
| 股东权益账面价值 | $2.3B | $1.5B |
| 总资产 | $15.8B | $6.0B |
| 负债/权益比越低杠杆越低 | 3.61× | — |
8季度趋势，按日历期对齐
现金及短期投资GENNET
| Q1 26 | — | — | ||
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $1.0B | $204.5M | ||
| Q4 24 | $883.0M | $147.7M | ||
| Q3 24 | $737.0M | $182.9M | ||
| Q2 24 | $644.0M | $157.0M |
总债务GENNET
| Q1 26 | $8.4B | — | ||
| Q4 25 | $8.7B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $8.5B | — |
股东权益GENNET
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.2B | $1.0B | ||
| Q3 24 | $2.1B | $973.1M | ||
| Q2 24 | $2.0B | $881.5M |
总资产GENNET
| Q1 26 | $15.8B | — | ||
| Q4 25 | $16.1B | $6.0B | ||
| Q3 25 | $16.4B | $5.8B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | $15.5B | $3.7B | ||
| Q4 24 | $15.4B | $3.3B | ||
| Q3 24 | $15.5B | $3.1B | ||
| Q2 24 | $15.4B | $2.9B |
负债/权益比GENNET
| Q1 26 | 3.61× | — | ||
| Q4 25 | 3.54× | — | ||
| Q3 25 | 3.75× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 4.06× | — | ||
| Q2 24 | 4.33× | — |
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GENNET
| Q1 26 | — | — | ||
| Q4 25 | $541.0M | $190.4M | ||
| Q3 25 | $409.0M | $167.1M | ||
| Q2 25 | — | $99.8M | ||
| Q1 25 | $473.0M | $145.8M | ||
| Q4 24 | $326.0M | $127.3M | ||
| Q3 24 | $158.0M | $104.7M | ||
| Q2 24 | $264.0M | $74.8M |
自由现金流GENNET
| Q1 26 | — | — | ||
| Q4 25 | $535.0M | $105.2M | ||
| Q3 25 | $405.0M | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | $470.0M | $59.9M | ||
| Q4 24 | $318.0M | $54.2M | ||
| Q3 24 | $156.0M | $54.5M | ||
| Q2 24 | $262.0M | $45.2M |
自由现金流率GENNET
| Q1 26 | — | — | ||
| Q4 25 | 43.9% | 17.1% | ||
| Q3 25 | 32.2% | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | 46.5% | 12.5% | ||
| Q4 24 | 32.3% | 11.8% | ||
| Q3 24 | 16.0% | 12.7% | ||
| Q2 24 | 27.2% | 11.3% |
资本支出强度GENNET
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 13.9% | ||
| Q3 25 | 0.3% | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | 0.3% | 17.9% | ||
| Q4 24 | 0.8% | 15.9% | ||
| Q3 24 | 0.2% | 11.7% | ||
| Q2 24 | 0.2% | 7.4% |
现金转化率GENNET
| Q1 26 | — | — | ||
| Q4 25 | 4.04× | — | ||
| Q3 25 | 3.03× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 2.05× | — | ||
| Q3 24 | 0.98× | — | ||
| Q2 24 | 1.46× | — |
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
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
