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Huron Consulting Group Inc.（HURN）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Huron Consulting Group Inc.的1.4倍（$614.5M vs $442.0M），Huron Consulting Group Inc.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 10.7%），Huron Consulting Group Inc.自由现金流更多（$123.8M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 10.3%）
休伦咨询集团是一家全球专业管理咨询服务提供商，深耕医疗健康、生命科学、商业企业及高等教育四大核心领域，为各行业客户定制适配业务发展的解决方案，助力客户优化运营效率、实现长期发展目标。
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。
HURN vs NET — 直观对比
营收规模更大
NET
是对方的1.4倍
$442.0M
营收增速更快
NET
高出22.9%
10.7%
净利率更高
HURN
高出8.9%
-2.0%
自由现金流更多
HURN
多$18.6M
$105.2M
两年增速更快
NET
近两年复合增速
10.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $442.0M | $614.5M |
| 净利润 | $30.7M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 11.4% | -8.0% |
| 净利率 | 6.9% | -2.0% |
| 营收同比 | 10.7% | 33.6% |
| 净利润同比 | -9.8% | 6.0% |
| 每股收益（稀释后） | $1.71 | $-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HURNNET
| Q4 25 | $442.0M | $614.5M | ||
| Q3 25 | $441.3M | $562.0M | ||
| Q2 25 | $411.8M | $512.3M | ||
| Q1 25 | $404.1M | $479.1M | ||
| Q4 24 | $399.3M | $459.9M | ||
| Q3 24 | $378.1M | $430.1M | ||
| Q2 24 | $381.0M | $401.0M | ||
| Q1 24 | $363.4M | $378.6M |
净利润HURNNET
| Q4 25 | $30.7M | $-12.1M | ||
| Q3 25 | $30.4M | $-1.3M | ||
| Q2 25 | $19.4M | $-50.4M | ||
| Q1 25 | $24.5M | $-38.5M | ||
| Q4 24 | $34.0M | $-12.8M | ||
| Q3 24 | $27.1M | $-15.3M | ||
| Q2 24 | $37.5M | $-15.1M | ||
| Q1 24 | $18.0M | $-35.5M |
毛利率HURNNET
| 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HURNNET
| Q4 25 | 11.4% | -8.0% | ||
| Q3 25 | 11.3% | -6.7% | ||
| Q2 25 | 11.1% | -13.1% | ||
| Q1 25 | 8.1% | -11.1% | ||
| Q4 24 | 11.8% | -7.5% | ||
| Q3 24 | 11.2% | -7.2% | ||
| Q2 24 | 15.6% | -8.7% | ||
| Q1 24 | 5.5% | -14.4% |
净利率HURNNET
| Q4 25 | 6.9% | -2.0% | ||
| Q3 25 | 6.9% | -0.2% | ||
| Q2 25 | 4.7% | -9.8% | ||
| Q1 25 | 6.1% | -8.0% | ||
| Q4 24 | 8.5% | -2.8% | ||
| Q3 24 | 7.2% | -3.6% | ||
| Q2 24 | 9.8% | -3.8% | ||
| Q1 24 | 5.0% | -9.4% |
每股收益（稀释后）HURNNET
| Q4 25 | $1.71 | $-0.03 | ||
| Q3 25 | $1.71 | $0.00 | ||
| Q2 25 | $1.09 | $-0.15 | ||
| Q1 25 | $1.33 | $-0.11 | ||
| Q4 24 | $1.82 | $-0.05 | ||
| Q3 24 | $1.47 | $-0.04 | ||
| Q2 24 | $2.03 | $-0.04 | ||
| Q1 24 | $0.95 | $-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 | $24.5M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $528.6M | $1.5B |
| 总资产 | $1.5B | $6.0B |
| 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HURNNET
| Q4 25 | $24.5M | $943.5M | ||
| Q3 25 | $23.9M | $1.1B | ||
| Q2 25 | $61.0M | $1.5B | ||
| Q1 25 | $23.4M | $204.5M | ||
| Q4 24 | $21.9M | $147.7M | ||
| Q3 24 | $18.5M | $182.9M | ||
| Q2 24 | $17.6M | $157.0M | ||
| Q1 24 | $18.6M | $254.4M |
股东权益HURNNET
| Q4 25 | $528.6M | $1.5B | ||
| Q3 25 | $499.8M | $1.3B | ||
| Q2 25 | $475.0M | $1.2B | ||
| Q1 25 | $494.3M | $1.4B | ||
| Q4 24 | $561.3M | $1.0B | ||
| Q3 24 | $522.8M | $973.1M | ||
| Q2 24 | $500.6M | $881.5M | ||
| Q1 24 | $495.6M | $797.2M |
总资产HURNNET
| Q4 25 | $1.5B | $6.0B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.5B | $5.6B | ||
| Q1 25 | $1.4B | $3.7B | ||
| Q4 24 | $1.3B | $3.3B | ||
| Q3 24 | $1.3B | $3.1B | ||
| Q2 24 | $1.3B | $2.9B | ||
| Q1 24 | $1.3B | $2.8B |
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 | $126.4M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $123.8M | $105.2M |
| 自由现金流率自由现金流/营收 | 28.0% | 17.1% |
| 资本支出强度资本支出/营收 | 0.6% | 13.9% |
| 现金转化率经营现金流/净利润 | 4.12× | — |
| 过去12个月自由现金流最近4个季度 | $183.0M | $287.5M |
8季度趋势，按日历期对齐
经营现金流HURNNET
| Q4 25 | $126.4M | $190.4M | ||
| Q3 25 | $93.8M | $167.1M | ||
| Q2 25 | $80.0M | $99.8M | ||
| Q1 25 | $-106.8M | $145.8M | ||
| Q4 24 | $139.6M | $127.3M | ||
| Q3 24 | $85.2M | $104.7M | ||
| Q2 24 | $107.2M | $74.8M | ||
| Q1 24 | $-130.7M | $73.6M |
自由现金流HURNNET
| Q4 25 | $123.8M | $105.2M | ||
| Q3 25 | $89.8M | $82.5M | ||
| Q2 25 | $78.0M | $39.9M | ||
| Q1 25 | $-108.7M | $59.9M | ||
| Q4 24 | $137.0M | $54.2M | ||
| Q3 24 | $82.8M | $54.5M | ||
| Q2 24 | $104.7M | $45.2M | ||
| Q1 24 | $-131.9M | $41.5M |
自由现金流率HURNNET
| Q4 25 | 28.0% | 17.1% | ||
| Q3 25 | 20.3% | 14.7% | ||
| Q2 25 | 18.9% | 7.8% | ||
| Q1 25 | -26.9% | 12.5% | ||
| Q4 24 | 34.3% | 11.8% | ||
| Q3 24 | 21.9% | 12.7% | ||
| Q2 24 | 27.5% | 11.3% | ||
| Q1 24 | -36.3% | 11.0% |
资本支出强度HURNNET
| Q4 25 | 0.6% | 13.9% | ||
| Q3 25 | 0.9% | 15.1% | ||
| Q2 25 | 0.5% | 11.7% | ||
| Q1 25 | 0.5% | 17.9% | ||
| Q4 24 | 0.7% | 15.9% | ||
| Q3 24 | 0.6% | 11.7% | ||
| Q2 24 | 0.6% | 7.4% | ||
| Q1 24 | 0.3% | 8.5% |
现金转化率HURNNET
| Q4 25 | 4.12× | — | ||
| Q3 25 | 3.08× | — | ||
| Q2 25 | 4.12× | — | ||
| Q1 25 | -4.35× | — | ||
| Q4 24 | 4.11× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.86× | — | ||
| Q1 24 | -7.26× | — |
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
HURN
| Consulting And Managed Services Capability | $172.9M | 39% |
| Education | $118.7M | 27% |
| Commercial | $91.9M | 21% |
| Digital Capability | $54.6M | 12% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
