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盖茨工业（GTES）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
盖茨工业的季度营收约是Cloudflare, Inc.的1.4倍（$856.2M vs $614.5M），盖茨工业净利率更高（6.0% vs -2.0%，领先8.0%），Cloudflare, Inc.同比增速更快（33.6% vs 3.2%），盖茨工业自由现金流更多（$251.0M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -0.4%）
盖茨工业总部位于美国科罗拉多州丹佛市，是动力传动带及流体动力产品的专业制造商，产品广泛应用于各类工业和汽车领域。公司员工规模超1.5万人，在美洲、欧洲、亚洲、澳洲及中东均设有销售和生产基地。
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。
GTES vs NET — 直观对比
营收规模更大
GTES
是对方的1.4倍
$614.5M
营收增速更快
NET
高出30.4%
3.2%
净利率更高
GTES
高出8.0%
-2.0%
自由现金流更多
GTES
多$145.8M
$105.2M
两年增速更快
NET
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $856.2M | $614.5M |
| 净利润 | $51.3M | $-12.1M |
| 毛利率 | 38.0% | 73.6% |
| 营业利润率 | 12.8% | -8.0% |
| 净利率 | 6.0% | -2.0% |
| 营收同比 | 3.2% | 33.6% |
| 净利润同比 | 40.2% | 6.0% |
| 每股收益（稀释后） | $0.19 | $-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GTESNET
| Q4 25 | $856.2M | $614.5M | ||
| Q3 25 | $855.7M | $562.0M | ||
| Q2 25 | $883.7M | $512.3M | ||
| Q1 25 | $847.6M | $479.1M | ||
| Q4 24 | $829.4M | $459.9M | ||
| Q3 24 | $830.7M | $430.1M | ||
| Q2 24 | $885.5M | $401.0M | ||
| Q1 24 | $862.6M | $378.6M |
净利润GTESNET
| Q4 25 | $51.3M | $-12.1M | ||
| Q3 25 | $81.6M | $-1.3M | ||
| Q2 25 | $56.5M | $-50.4M | ||
| Q1 25 | $62.0M | $-38.5M | ||
| Q4 24 | $36.6M | $-12.8M | ||
| Q3 24 | $47.6M | $-15.3M | ||
| Q2 24 | $70.7M | $-15.1M | ||
| Q1 24 | $40.0M | $-35.5M |
毛利率GTESNET
| Q4 25 | 38.0% | 73.6% | ||
| Q3 25 | 39.9% | 74.0% | ||
| Q2 25 | 40.8% | 74.9% | ||
| Q1 25 | 40.7% | 75.9% | ||
| Q4 24 | 40.4% | 76.4% | ||
| Q3 24 | 40.4% | 77.7% | ||
| Q2 24 | 40.4% | 77.8% | ||
| Q1 24 | 38.3% | 77.5% |
营业利润率GTESNET
| Q4 25 | 12.8% | -8.0% | ||
| Q3 25 | 13.5% | -6.7% | ||
| Q2 25 | 13.1% | -13.1% | ||
| Q1 25 | 14.7% | -11.1% | ||
| Q4 24 | 13.6% | -7.5% | ||
| Q3 24 | 13.6% | -7.2% | ||
| Q2 24 | 15.4% | -8.7% | ||
| Q1 24 | 13.5% | -14.4% |
净利率GTESNET
| Q4 25 | 6.0% | -2.0% | ||
| Q3 25 | 9.5% | -0.2% | ||
| Q2 25 | 6.4% | -9.8% | ||
| Q1 25 | 7.3% | -8.0% | ||
| Q4 24 | 4.4% | -2.8% | ||
| Q3 24 | 5.7% | -3.6% | ||
| Q2 24 | 8.0% | -3.8% | ||
| Q1 24 | 4.6% | -9.4% |
每股收益（稀释后）GTESNET
| Q4 25 | $0.19 | $-0.03 | ||
| Q3 25 | $0.31 | $0.00 | ||
| Q2 25 | $0.22 | $-0.15 | ||
| Q1 25 | $0.24 | $-0.11 | ||
| Q4 24 | $0.15 | $-0.05 | ||
| Q3 24 | $0.18 | $-0.04 | ||
| Q2 24 | $0.26 | $-0.04 | ||
| Q1 24 | $0.15 | $-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 | $812.1M | $943.5M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $3.3B | $1.5B |
| 总资产 | $7.2B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资GTESNET
| Q4 25 | $812.1M | $943.5M | ||
| Q3 25 | $689.4M | $1.1B | ||
| Q2 25 | $719.7M | $1.5B | ||
| Q1 25 | $640.2M | $204.5M | ||
| Q4 24 | $682.0M | $147.7M | ||
| Q3 24 | $574.4M | $182.9M | ||
| Q2 24 | $579.7M | $157.0M | ||
| Q1 24 | $522.2M | $254.4M |
总债务GTESNET
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
股东权益GTESNET
| Q4 25 | $3.3B | $1.5B | ||
| Q3 25 | $3.4B | $1.3B | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.0B | $1.0B | ||
| Q3 24 | $3.1B | $973.1M | ||
| Q2 24 | $3.2B | $881.5M | ||
| Q1 24 | $3.2B | $797.2M |
总资产GTESNET
| Q4 25 | $7.2B | $6.0B | ||
| Q3 25 | $7.1B | $5.8B | ||
| Q2 25 | $7.2B | $5.6B | ||
| Q1 25 | $6.9B | $3.7B | ||
| Q4 24 | $6.8B | $3.3B | ||
| Q3 24 | $7.1B | $3.1B | ||
| Q2 24 | $7.0B | $2.9B | ||
| Q1 24 | $7.0B | $2.8B |
负债/权益比GTESNET
| Q4 25 | 0.67× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.74× | — |
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 | $269.8M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $251.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 29.3% | 17.1% |
| 资本支出强度资本支出/营收 | 2.2% | 13.9% |
| 现金转化率经营现金流/净利润 | 5.26× | — |
| 过去12个月自由现金流最近4个季度 | $404.9M | $287.5M |
8季度趋势，按日历期对齐
经营现金流GTESNET
| Q4 25 | $269.8M | $190.4M | ||
| Q3 25 | $98.0M | $167.1M | ||
| Q2 25 | $103.0M | $99.8M | ||
| Q1 25 | $7.3M | $145.8M | ||
| Q4 24 | $190.9M | $127.3M | ||
| Q3 24 | $115.9M | $104.7M | ||
| Q2 24 | $93.8M | $74.8M | ||
| Q1 24 | $-21.0M | $73.6M |
自由现金流GTESNET
| Q4 25 | $251.0M | $105.2M | ||
| Q3 25 | $80.5M | $82.5M | ||
| Q2 25 | $83.6M | $39.9M | ||
| Q1 25 | $-10.2M | $59.9M | ||
| Q4 24 | $167.6M | $54.2M | ||
| Q3 24 | $94.0M | $54.5M | ||
| Q2 24 | $71.9M | $45.2M | ||
| Q1 24 | $-37.0M | $41.5M |
自由现金流率GTESNET
| Q4 25 | 29.3% | 17.1% | ||
| Q3 25 | 9.4% | 14.7% | ||
| Q2 25 | 9.5% | 7.8% | ||
| Q1 25 | -1.2% | 12.5% | ||
| Q4 24 | 20.2% | 11.8% | ||
| Q3 24 | 11.3% | 12.7% | ||
| Q2 24 | 8.1% | 11.3% | ||
| Q1 24 | -4.3% | 11.0% |
资本支出强度GTESNET
| Q4 25 | 2.2% | 13.9% | ||
| Q3 25 | 2.0% | 15.1% | ||
| Q2 25 | 2.2% | 11.7% | ||
| Q1 25 | 2.1% | 17.9% | ||
| Q4 24 | 2.8% | 15.9% | ||
| Q3 24 | 2.6% | 11.7% | ||
| Q2 24 | 2.5% | 7.4% | ||
| Q1 24 | 1.9% | 8.5% |
现金转化率GTESNET
| Q4 25 | 5.26× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.82× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 5.22× | — | ||
| Q3 24 | 2.43× | — | ||
| Q2 24 | 1.33× | — | ||
| Q1 24 | -0.53× | — |
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
GTES
| Power Transmission Segment | $536.5M | 63% |
| Fluid Power Segment | $319.7M | 37% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
