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Hagerty, Inc.（HGTY）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是Hagerty, Inc.的1.6倍（$614.5M vs $388.1M），Hagerty, Inc.净利率更高（7.4% vs -2.0%，领先9.3%），Cloudflare, Inc.同比增速更快（33.6% vs 16.5%），Hagerty, Inc.自由现金流更多（$194.5M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 19.5%）
哈格蒂（Hagerty, Inc.）是美国知名汽车生活方式及会员服务企业，同时是全球规模最大的经典老爷车特种保险供应商，总部位于密歇根州特拉弗斯城，业务范围覆盖加拿大、德国及英国市场。
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。
HGTY vs NET — 直观对比
营收规模更大
NET
是对方的1.6倍
$388.1M
营收增速更快
NET
高出17.1%
16.5%
净利率更高
HGTY
高出9.3%
-2.0%
自由现金流更多
HGTY
多$89.2M
$105.2M
两年增速更快
NET
近两年复合增速
19.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $388.1M | $614.5M |
| 净利润 | $28.6M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 10.2% | -8.0% |
| 净利率 | 7.4% | -2.0% |
| 营收同比 | 16.5% | 33.6% |
| 净利润同比 | 238.4% | 6.0% |
| 每股收益（稀释后） | — | $-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HGTYNET
| Q4 25 | $388.1M | $614.5M | ||
| Q3 25 | $380.0M | $562.0M | ||
| Q2 25 | $368.7M | $512.3M | ||
| Q1 25 | $319.6M | $479.1M | ||
| Q4 24 | $333.2M | $459.9M | ||
| Q3 24 | $323.4M | $430.1M | ||
| Q2 24 | $313.2M | $401.0M | ||
| Q1 24 | $271.7M | $378.6M |
净利润HGTYNET
| Q4 25 | $28.6M | $-12.1M | ||
| Q3 25 | $46.2M | $-1.3M | ||
| Q2 25 | $47.2M | $-50.4M | ||
| Q1 25 | $27.3M | $-38.5M | ||
| Q4 24 | $8.4M | $-12.8M | ||
| Q3 24 | $19.0M | $-15.3M | ||
| Q2 24 | $42.7M | $-15.1M | ||
| Q1 24 | $8.2M | $-35.5M |
毛利率HGTYNET
| 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HGTYNET
| Q4 25 | 10.2% | -8.0% | ||
| Q3 25 | 9.0% | -6.7% | ||
| Q2 25 | 12.9% | -13.1% | ||
| Q1 25 | 8.1% | -11.1% | ||
| Q4 24 | 1.8% | -7.5% | ||
| Q3 24 | 3.1% | -7.2% | ||
| Q2 24 | 12.2% | -8.7% | ||
| Q1 24 | 4.5% | -14.4% |
净利率HGTYNET
| Q4 25 | 7.4% | -2.0% | ||
| Q3 25 | 12.2% | -0.2% | ||
| Q2 25 | 12.8% | -9.8% | ||
| Q1 25 | 8.5% | -8.0% | ||
| Q4 24 | 2.5% | -2.8% | ||
| Q3 24 | 5.9% | -3.6% | ||
| Q2 24 | 13.6% | -3.8% | ||
| Q1 24 | 3.0% | -9.4% |
每股收益（稀释后）HGTYNET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-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 | $160.2M | $943.5M |
| 总债务越低越好 | $177.9M | — |
| 股东权益账面价值 | $221.3M | $1.5B |
| 总资产 | $2.1B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资HGTYNET
| Q4 25 | $160.2M | $943.5M | ||
| Q3 25 | $290.5M | $1.1B | ||
| Q2 25 | $259.6M | $1.5B | ||
| Q1 25 | $232.7M | $204.5M | ||
| Q4 24 | $178.7M | $147.7M | ||
| Q3 24 | $208.9M | $182.9M | ||
| Q2 24 | $186.4M | $157.0M | ||
| Q1 24 | $131.2M | $254.4M |
总债务HGTYNET
| Q4 25 | $177.9M | — | ||
| Q3 25 | $104.4M | — | ||
| Q2 25 | $153.4M | — | ||
| Q1 25 | $132.6M | — | ||
| Q4 24 | $105.8M | — | ||
| Q3 24 | $122.9M | — | ||
| Q2 24 | $98.0M | — | ||
| Q1 24 | $91.5M | — |
股东权益HGTYNET
| Q4 25 | $221.3M | $1.5B | ||
| Q3 25 | $211.7M | $1.3B | ||
| Q2 25 | $172.3M | $1.2B | ||
| Q1 25 | $162.9M | $1.4B | ||
| Q4 24 | $150.3M | $1.0B | ||
| Q3 24 | $148.3M | $973.1M | ||
| Q2 24 | $94.4M | $881.5M | ||
| Q1 24 | $93.5M | $797.2M |
总资产HGTYNET
| Q4 25 | $2.1B | $6.0B | ||
| Q3 25 | $2.2B | $5.8B | ||
| Q2 25 | $2.0B | $5.6B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.7B | $2.9B | ||
| Q1 24 | $1.6B | $2.8B |
负债/权益比HGTYNET
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.89× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 1.04× | — | ||
| Q1 24 | 0.98× | — |
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 | $219.0M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $194.5M | $105.2M |
| 自由现金流率自由现金流/营收 | 50.1% | 17.1% |
| 资本支出强度资本支出/营收 | 6.3% | 13.9% |
| 现金转化率经营现金流/净利润 | 7.67× | — |
| 过去12个月自由现金流最近4个季度 | $365.8M | $287.5M |
8季度趋势，按日历期对齐
经营现金流HGTYNET
| Q4 25 | $219.0M | $190.4M | ||
| Q3 25 | $92.2M | $167.1M | ||
| Q2 25 | $53.9M | $99.8M | ||
| Q1 25 | $43.8M | $145.8M | ||
| Q4 24 | $177.0M | $127.3M | ||
| Q3 24 | $67.4M | $104.7M | ||
| Q2 24 | $64.0M | $74.8M | ||
| Q1 24 | $58.2M | $73.6M |
自由现金流HGTYNET
| Q4 25 | $194.5M | $105.2M | ||
| Q3 25 | $85.2M | $82.5M | ||
| Q2 25 | $47.7M | $39.9M | ||
| Q1 25 | $38.4M | $59.9M | ||
| Q4 24 | $155.7M | $54.2M | ||
| Q3 24 | $62.0M | $54.5M | ||
| Q2 24 | $56.6M | $45.2M | ||
| Q1 24 | $53.7M | $41.5M |
自由现金流率HGTYNET
| Q4 25 | 50.1% | 17.1% | ||
| Q3 25 | 22.4% | 14.7% | ||
| Q2 25 | 12.9% | 7.8% | ||
| Q1 25 | 12.0% | 12.5% | ||
| Q4 24 | 46.7% | 11.8% | ||
| Q3 24 | 19.2% | 12.7% | ||
| Q2 24 | 18.1% | 11.3% | ||
| Q1 24 | 19.8% | 11.0% |
资本支出强度HGTYNET
| Q4 25 | 6.3% | 13.9% | ||
| Q3 25 | 1.8% | 15.1% | ||
| Q2 25 | 1.7% | 11.7% | ||
| Q1 25 | 1.7% | 17.9% | ||
| Q4 24 | 6.4% | 15.9% | ||
| Q3 24 | 1.7% | 11.7% | ||
| Q2 24 | 2.4% | 7.4% | ||
| Q1 24 | 1.7% | 8.5% |
现金转化率HGTYNET
| Q4 25 | 7.67× | — | ||
| Q3 25 | 2.00× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.61× | — | ||
| Q4 24 | 20.97× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 7.10× | — |
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
HGTY
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
