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GEO GROUP INC（GEO）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
GEO GROUP INC的季度营收约是Cloudflare, Inc.的1.2倍（$708.4M vs $614.5M），GEO GROUP INC净利率更高（4.5% vs -2.0%，领先6.4%），Cloudflare, Inc.同比增速更快（33.6% vs 16.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-153.6M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 8.1%）
GEO集团是一家总部位于美国佛罗里达州博卡拉顿的上市企业，核心业务为投资及运营私营监狱、心理健康相关机构，业务覆盖美国、澳大利亚、南非、英国等市场，运营设施包含移民拘留中心、低安保级别拘留中心、心理健康及 residential 治疗机构，同时也承接政府所有设施的委托管理服务。
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。
GEO vs NET — 直观对比
营收规模更大
GEO
是对方的1.2倍
$614.5M
营收增速更快
NET
高出17.0%
16.6%
净利率更高
GEO
高出6.4%
-2.0%
自由现金流更多
NET
多$258.8M
$-153.6M
两年增速更快
NET
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $708.4M | $614.5M |
| 净利润 | $31.8M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 11.8% | -8.0% |
| 净利率 | 4.5% | -2.0% |
| 营收同比 | 16.6% | 33.6% |
| 净利润同比 | 105.1% | 6.0% |
| 每股收益（稀释后） | $0.16 | $-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GEONET
| Q4 25 | $708.4M | $614.5M | ||
| Q3 25 | $682.3M | $562.0M | ||
| Q2 25 | $636.2M | $512.3M | ||
| Q1 25 | $604.6M | $479.1M | ||
| Q4 24 | $607.7M | $459.9M | ||
| Q3 24 | $603.1M | $430.1M | ||
| Q2 24 | $607.2M | $401.0M | ||
| Q1 24 | $605.7M | $378.6M |
净利润GEONET
| Q4 25 | $31.8M | $-12.1M | ||
| Q3 25 | $173.9M | $-1.3M | ||
| Q2 25 | $29.1M | $-50.4M | ||
| Q1 25 | $19.6M | $-38.5M | ||
| Q4 24 | $15.5M | $-12.8M | ||
| Q3 24 | $26.3M | $-15.3M | ||
| Q2 24 | $-32.5M | $-15.1M | ||
| Q1 24 | $22.7M | $-35.5M |
毛利率GEONET
| 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GEONET
| Q4 25 | 11.8% | -8.0% | ||
| Q3 25 | 6.0% | -6.7% | ||
| Q2 25 | 11.3% | -13.1% | ||
| Q1 25 | 10.1% | -11.1% | ||
| Q4 24 | 11.2% | -7.5% | ||
| Q3 24 | 13.7% | -7.2% | ||
| Q2 24 | 13.2% | -8.7% | ||
| Q1 24 | 13.1% | -14.4% |
净利率GEONET
| Q4 25 | 4.5% | -2.0% | ||
| Q3 25 | 25.5% | -0.2% | ||
| Q2 25 | 4.6% | -9.8% | ||
| Q1 25 | 3.2% | -8.0% | ||
| Q4 24 | 2.5% | -2.8% | ||
| Q3 24 | 4.4% | -3.6% | ||
| Q2 24 | -5.4% | -3.8% | ||
| Q1 24 | 3.7% | -9.4% |
每股收益（稀释后）GEONET
| Q4 25 | $0.16 | $-0.03 | ||
| Q3 25 | $1.24 | $0.00 | ||
| Q2 25 | $0.21 | $-0.15 | ||
| Q1 25 | $0.21 | $-0.11 | ||
| Q4 24 | $0.14 | $-0.05 | ||
| Q3 24 | $0.19 | $-0.04 | ||
| Q2 24 | $-0.25 | $-0.04 | ||
| Q1 24 | $0.14 | $-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 | $69.0M | $943.5M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $1.5B | $1.5B |
| 总资产 | $3.8B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资GEONET
| Q4 25 | $69.0M | $943.5M | ||
| Q3 25 | $183.9M | $1.1B | ||
| Q2 25 | $67.9M | $1.5B | ||
| Q1 25 | $64.8M | $204.5M | ||
| Q4 24 | $76.9M | $147.7M | ||
| Q3 24 | $70.6M | $182.9M | ||
| Q2 24 | $46.3M | $157.0M | ||
| Q1 24 | $126.5M | $254.4M |
总债务GEONET
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GEONET
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $973.1M | ||
| Q2 24 | $1.3B | $881.5M | ||
| Q1 24 | $1.3B | $797.2M |
总资产GEONET
| Q4 25 | $3.8B | $6.0B | ||
| Q3 25 | $3.8B | $5.8B | ||
| Q2 25 | $3.7B | $5.6B | ||
| Q1 25 | $3.6B | $3.7B | ||
| Q4 24 | $3.6B | $3.3B | ||
| Q3 24 | $3.6B | $3.1B | ||
| Q2 24 | $3.6B | $2.9B | ||
| Q1 24 | $3.7B | $2.8B |
负债/权益比GEONET
| Q4 25 | 1.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-117.3M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-153.6M | $105.2M |
| 自由现金流率自由现金流/营收 | -21.7% | 17.1% |
| 资本支出强度资本支出/营收 | 5.1% | 13.9% |
| 现金转化率经营现金流/净利润 | -3.69× | — |
| 过去12个月自由现金流最近4个季度 | $-124.9M | $287.5M |
8季度趋势，按日历期对齐
经营现金流GEONET
| Q4 25 | $-117.3M | $190.4M | ||
| Q3 25 | $79.6M | $167.1M | ||
| Q2 25 | $39.2M | $99.8M | ||
| Q1 25 | $71.2M | $145.8M | ||
| Q4 24 | $18.5M | $127.3M | ||
| Q3 24 | $109.3M | $104.7M | ||
| Q2 24 | $31.2M | $74.8M | ||
| Q1 24 | $83.3M | $73.6M |
自由现金流GEONET
| Q4 25 | $-153.6M | $105.2M | ||
| Q3 25 | $-14.1M | $82.5M | ||
| Q2 25 | $2.4M | $39.9M | ||
| Q1 25 | $40.5M | $59.9M | ||
| Q4 24 | $-2.3M | $54.2M | ||
| Q3 24 | $90.5M | $54.5M | ||
| Q2 24 | $6.8M | $45.2M | ||
| Q1 24 | $68.5M | $41.5M |
自由现金流率GEONET
| Q4 25 | -21.7% | 17.1% | ||
| Q3 25 | -2.1% | 14.7% | ||
| Q2 25 | 0.4% | 7.8% | ||
| Q1 25 | 6.7% | 12.5% | ||
| Q4 24 | -0.4% | 11.8% | ||
| Q3 24 | 15.0% | 12.7% | ||
| Q2 24 | 1.1% | 11.3% | ||
| Q1 24 | 11.3% | 11.0% |
资本支出强度GEONET
| Q4 25 | 5.1% | 13.9% | ||
| Q3 25 | 13.7% | 15.1% | ||
| Q2 25 | 5.8% | 11.7% | ||
| Q1 25 | 5.1% | 17.9% | ||
| Q4 24 | 3.4% | 15.9% | ||
| Q3 24 | 3.1% | 11.7% | ||
| Q2 24 | 4.0% | 7.4% | ||
| Q1 24 | 2.4% | 8.5% |
现金转化率GEONET
| Q4 25 | -3.69× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 4.15× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.67× | — |
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
GEO
| Us Corrections And Detention | $498.0M | 70% |
| Electronic Monitoring And Supervision Services | $83.7M | 12% |
| Reentry Services | $72.2M | 10% |
| AU | $49.1M | 7% |
| ZA | $5.4M | 1% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
