vs
康宝莱（HLF）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
康宝莱的季度营收约是Cloudflare, Inc.的1.9倍（$1.2B vs $639.8M），康宝莱净利率更高（5.0% vs -3.6%，领先8.6%），Cloudflare, Inc.同比增速更快（33.5% vs 7.8%），过去两年Cloudflare, Inc.的营收复合增速更高（26.3% vs -2.3%）
康宝莱是美国跨国多层次营销企业，主营膳食补充剂的研发与销售。该公司曾被指控涉嫌金字塔骗局欺诈运营，2016年与美国证监会达成协议后调整了薪酬体系，将经销商奖励与可核实的实际销售额挂钩。此外其部分产品曾被曝出引发急性肝炎的相关问题。
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。
HLF vs NET — 直观对比
营收规模更大
HLF
是对方的1.9倍
$639.8M
营收增速更快
NET
高出25.7%
7.8%
净利率更高
HLF
高出8.6%
-3.6%
两年增速更快
NET
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $639.8M |
| 净利润 | $61.2M | $-22.9M |
| 毛利率 | 84.0% | 71.2% |
| 营业利润率 | 11.3% | 19.1% |
| 净利率 | 5.0% | -3.6% |
| 营收同比 | 7.8% | 33.5% |
| 净利润同比 | 21.4% | 40.4% |
| 每股收益（稀释后） | $0.57 | $-0.07 |
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HLFNET
| Q1 26 | $1.2B | $639.8M | ||
| Q4 25 | $1.3B | $614.5M | ||
| Q3 25 | $1.3B | $562.0M | ||
| Q2 25 | $1.3B | $512.3M | ||
| Q1 25 | $1.2B | $479.1M | ||
| Q4 24 | $1.2B | $459.9M | ||
| Q3 24 | $1.2B | $430.1M | ||
| Q2 24 | $1.3B | $401.0M |
净利润HLFNET
| Q1 26 | $61.2M | $-22.9M | ||
| Q4 25 | $85.4M | $-12.1M | ||
| Q3 25 | $43.2M | $-1.3M | ||
| Q2 25 | $49.3M | $-50.4M | ||
| Q1 25 | $50.4M | $-38.5M | ||
| Q4 24 | $177.9M | $-12.8M | ||
| Q3 24 | $47.4M | $-15.3M | ||
| Q2 24 | $4.7M | $-15.1M |
毛利率HLFNET
| Q1 26 | 84.0% | 71.2% | ||
| Q4 25 | 77.5% | 73.6% | ||
| Q3 25 | 77.7% | 74.0% | ||
| Q2 25 | 78.0% | 74.9% | ||
| Q1 25 | 78.3% | 75.9% | ||
| Q4 24 | 77.8% | 76.4% | ||
| Q3 24 | 78.3% | 77.7% | ||
| Q2 24 | 77.9% | 77.8% |
营业利润率HLFNET
| Q1 26 | 11.3% | 19.1% | ||
| Q4 25 | 7.8% | -8.0% | ||
| Q3 25 | 9.9% | -6.7% | ||
| Q2 25 | 10.5% | -13.1% | ||
| Q1 25 | 10.1% | -11.1% | ||
| Q4 24 | 8.8% | -7.5% | ||
| Q3 24 | 10.2% | -7.2% | ||
| Q2 24 | 6.3% | -8.7% |
净利率HLFNET
| Q1 26 | 5.0% | -3.6% | ||
| Q4 25 | 6.7% | -2.0% | ||
| Q3 25 | 3.4% | -0.2% | ||
| Q2 25 | 3.9% | -9.8% | ||
| Q1 25 | 4.1% | -8.0% | ||
| Q4 24 | 14.7% | -2.8% | ||
| Q3 24 | 3.8% | -3.6% | ||
| Q2 24 | 0.4% | -3.8% |
每股收益（稀释后）HLFNET
| Q1 26 | $0.57 | $-0.07 | ||
| Q4 25 | $0.81 | $-0.03 | ||
| Q3 25 | $0.42 | $0.00 | ||
| Q2 25 | $0.48 | $-0.15 | ||
| Q1 25 | $0.49 | $-0.11 | ||
| Q4 24 | $1.75 | $-0.05 | ||
| Q3 24 | $0.46 | $-0.04 | ||
| Q2 24 | $0.05 | $-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 | $451.2M | $932.2M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | — | $1.5B |
| 总资产 | $2.9B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HLFNET
| Q1 26 | $451.2M | $932.2M | ||
| Q4 25 | $353.1M | $943.5M | ||
| Q3 25 | $305.5M | $1.1B | ||
| Q2 25 | $320.9M | $1.5B | ||
| Q1 25 | $329.4M | $204.5M | ||
| Q4 24 | $415.3M | $147.7M | ||
| Q3 24 | $402.5M | $182.9M | ||
| Q2 24 | $374.0M | $157.0M |
总债务HLFNET
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益HLFNET
| Q1 26 | — | $1.5B | ||
| Q4 25 | $-515.1M | $1.5B | ||
| Q3 25 | $-612.0M | $1.3B | ||
| Q2 25 | $-660.5M | $1.2B | ||
| Q1 25 | $-736.0M | $1.4B | ||
| Q4 24 | $-801.1M | $1.0B | ||
| Q3 24 | $-954.2M | $973.1M | ||
| Q2 24 | $-1.0B | $881.5M |
总资产HLFNET
| Q1 26 | $2.9B | $6.2B | ||
| Q4 25 | $2.8B | $6.0B | ||
| Q3 25 | $2.7B | $5.8B | ||
| Q2 25 | $2.7B | $5.6B | ||
| Q1 25 | $2.7B | $3.7B | ||
| Q4 24 | $2.7B | $3.3B | ||
| Q3 24 | $2.7B | $3.1B | ||
| Q2 24 | $2.6B | $2.9B |
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 | $113.8M | $158.3M |
| 自由现金流经营现金流 - 资本支出 | — | $84.1M |
| 自由现金流率自由现金流/营收 | — | 13.1% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.86× | — |
| 过去12个月自由现金流最近4个季度 | — | $311.7M |
8季度趋势，按日历期对齐
经营现金流HLFNET
| Q1 26 | $113.8M | $158.3M | ||
| Q4 25 | $98.3M | $190.4M | ||
| Q3 25 | $138.8M | $167.1M | ||
| Q2 25 | $96.0M | $99.8M | ||
| Q1 25 | $200.0K | $145.8M | ||
| Q4 24 | $69.6M | $127.3M | ||
| Q3 24 | $99.5M | $104.7M | ||
| Q2 24 | $102.5M | $74.8M |
自由现金流HLFNET
| Q1 26 | — | $84.1M | ||
| Q4 25 | $79.8M | $105.2M | ||
| Q3 25 | $118.0M | $82.5M | ||
| Q2 25 | $73.2M | $39.9M | ||
| Q1 25 | $-18.1M | $59.9M | ||
| Q4 24 | $43.9M | $54.2M | ||
| Q3 24 | $72.4M | $54.5M | ||
| Q2 24 | $66.2M | $45.2M |
自由现金流率HLFNET
| Q1 26 | — | 13.1% | ||
| Q4 25 | 6.2% | 17.1% | ||
| Q3 25 | 9.3% | 14.7% | ||
| Q2 25 | 5.8% | 7.8% | ||
| Q1 25 | -1.5% | 12.5% | ||
| Q4 24 | 3.6% | 11.8% | ||
| Q3 24 | 5.8% | 12.7% | ||
| Q2 24 | 5.2% | 11.3% |
资本支出强度HLFNET
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 13.9% | ||
| Q3 25 | 1.6% | 15.1% | ||
| Q2 25 | 1.8% | 11.7% | ||
| Q1 25 | 1.5% | 17.9% | ||
| Q4 24 | 2.1% | 15.9% | ||
| Q3 24 | 2.2% | 11.7% | ||
| Q2 24 | 2.8% | 7.4% |
现金转化率HLFNET
| Q1 26 | 1.86× | — | ||
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 21.81× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
