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Generac（GNRC）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Generac的季度营收约是Cloudflare, Inc.的1.7倍（$1.1B vs $614.5M），Generac净利率更高（6.9% vs -2.0%，领先8.9%），Cloudflare, Inc.同比增速更快（33.6% vs 12.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $89.9M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 3.0%）
Generac Holdings Inc.（简称Generac）是美国财富1000强企业，主营面向住宅、小型商业及工业领域的备用发电产品，功率覆盖800瓦至9兆瓦，通过独立经销商、零售商及批发商渠道发售，总部位于威斯康星州沃基肖，在该州多地设有生产基地。
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。
GNRC vs NET — 直观对比
营收规模更大
GNRC
是对方的1.7倍
$614.5M
营收增速更快
NET
高出21.2%
12.4%
净利率更高
GNRC
高出8.9%
-2.0%
自由现金流更多
NET
多$15.3M
$89.9M
两年增速更快
NET
近两年复合增速
3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $614.5M |
| 净利润 | $73.1M | $-12.1M |
| 毛利率 | 38.7% | 73.6% |
| 营业利润率 | 11.1% | -8.0% |
| 净利率 | 6.9% | -2.0% |
| 营收同比 | 12.4% | 33.6% |
| 净利润同比 | 65.1% | 6.0% |
| 每股收益（稀释后） | $1.24 | $-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GNRCNET
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $614.5M | ||
| Q3 25 | $1.1B | $562.0M | ||
| Q2 25 | $1.1B | $512.3M | ||
| Q1 25 | $942.1M | $479.1M | ||
| Q4 24 | $1.2B | $459.9M | ||
| Q3 24 | $1.2B | $430.1M | ||
| Q2 24 | $998.2M | $401.0M |
净利润GNRCNET
| Q1 26 | $73.1M | — | ||
| Q4 25 | $-24.5M | $-12.1M | ||
| Q3 25 | $66.2M | $-1.3M | ||
| Q2 25 | $74.0M | $-50.4M | ||
| Q1 25 | $43.8M | $-38.5M | ||
| Q4 24 | $117.2M | $-12.8M | ||
| Q3 24 | $113.7M | $-15.3M | ||
| Q2 24 | $59.1M | $-15.1M |
毛利率GNRCNET
| Q1 26 | 38.7% | — | ||
| Q4 25 | 36.3% | 73.6% | ||
| Q3 25 | 38.3% | 74.0% | ||
| Q2 25 | 39.3% | 74.9% | ||
| Q1 25 | 39.5% | 75.9% | ||
| Q4 24 | 40.6% | 76.4% | ||
| Q3 24 | 40.2% | 77.7% | ||
| Q2 24 | 37.6% | 77.8% |
营业利润率GNRCNET
| Q1 26 | 11.1% | — | ||
| Q4 25 | -0.9% | -8.0% | ||
| Q3 25 | 9.3% | -6.7% | ||
| Q2 25 | 10.5% | -13.1% | ||
| Q1 25 | 8.9% | -11.1% | ||
| Q4 24 | 16.0% | -7.5% | ||
| Q3 24 | 14.4% | -7.2% | ||
| Q2 24 | 10.3% | -8.7% |
净利率GNRCNET
| Q1 26 | 6.9% | — | ||
| Q4 25 | -2.2% | -2.0% | ||
| Q3 25 | 5.9% | -0.2% | ||
| Q2 25 | 7.0% | -9.8% | ||
| Q1 25 | 4.7% | -8.0% | ||
| Q4 24 | 9.5% | -2.8% | ||
| Q3 24 | 9.7% | -3.6% | ||
| Q2 24 | 5.9% | -3.8% |
每股收益（稀释后）GNRCNET
| Q1 26 | $1.24 | — | ||
| Q4 25 | $-0.41 | $-0.03 | ||
| Q3 25 | $1.12 | $0.00 | ||
| Q2 25 | $1.25 | $-0.15 | ||
| Q1 25 | $0.73 | $-0.11 | ||
| Q4 24 | $2.14 | $-0.05 | ||
| Q3 24 | $1.89 | $-0.04 | ||
| Q2 24 | $0.97 | $-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 | $265.5M | $943.5M |
| 总债务越低越好 | $44.0M | — |
| 股东权益账面价值 | $2.7B | $1.5B |
| 总资产 | $5.6B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.02× | — |
8季度趋势，按日历期对齐
现金及短期投资GNRCNET
| Q1 26 | $265.5M | — | ||
| Q4 25 | $341.4M | $943.5M | ||
| Q3 25 | $300.0M | $1.1B | ||
| Q2 25 | $223.5M | $1.5B | ||
| Q1 25 | $187.5M | $204.5M | ||
| Q4 24 | $281.3M | $147.7M | ||
| Q3 24 | $214.2M | $182.9M | ||
| Q2 24 | $218.3M | $157.0M |
总债务GNRCNET
| Q1 26 | $44.0M | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益GNRCNET
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.4B | $973.1M | ||
| Q2 24 | $2.4B | $881.5M |
总资产GNRCNET
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.6B | $6.0B | ||
| Q3 25 | $5.6B | $5.8B | ||
| Q2 25 | $5.4B | $5.6B | ||
| Q1 25 | $5.1B | $3.7B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $5.2B | $3.1B | ||
| Q2 24 | $5.1B | $2.9B |
负债/权益比GNRCNET
| Q1 26 | 0.02× | — | ||
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.49× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.61× | — |
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 | $119.3M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $89.9M | $105.2M |
| 自由现金流率自由现金流/营收 | 8.5% | 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 | 1.63× | — |
| 过去12个月自由现金流最近4个季度 | $330.8M | $287.5M |
8季度趋势，按日历期对齐
经营现金流GNRCNET
| Q1 26 | $119.3M | — | ||
| Q4 25 | $189.3M | $190.4M | ||
| Q3 25 | $118.4M | $167.1M | ||
| Q2 25 | $72.2M | $99.8M | ||
| Q1 25 | $58.2M | $145.8M | ||
| Q4 24 | $339.5M | $127.3M | ||
| Q3 24 | $212.3M | $104.7M | ||
| Q2 24 | $77.7M | $74.8M |
自由现金流GNRCNET
| Q1 26 | $89.9M | — | ||
| Q4 25 | $129.9M | $105.2M | ||
| Q3 25 | $96.5M | $82.5M | ||
| Q2 25 | $14.5M | $39.9M | ||
| Q1 25 | $27.2M | $59.9M | ||
| Q4 24 | $286.1M | $54.2M | ||
| Q3 24 | $183.7M | $54.5M | ||
| Q2 24 | $49.7M | $45.2M |
自由现金流率GNRCNET
| Q1 26 | 8.5% | — | ||
| Q4 25 | 11.9% | 17.1% | ||
| Q3 25 | 8.7% | 14.7% | ||
| Q2 25 | 1.4% | 7.8% | ||
| Q1 25 | 2.9% | 12.5% | ||
| Q4 24 | 23.2% | 11.8% | ||
| Q3 24 | 15.6% | 12.7% | ||
| Q2 24 | 5.0% | 11.3% |
资本支出强度GNRCNET
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 13.9% | ||
| Q3 25 | 2.0% | 15.1% | ||
| Q2 25 | 5.4% | 11.7% | ||
| Q1 25 | 3.3% | 17.9% | ||
| Q4 24 | 4.3% | 15.9% | ||
| Q3 24 | 2.4% | 11.7% | ||
| Q2 24 | 2.8% | 7.4% |
现金转化率GNRCNET
| Q1 26 | 1.63× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 2.90× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.31× | — |
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
GNRC
| Residential | $549.3M | 52% |
| Commercial & Industrial | $510.0M | 48% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
