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Installed Building Products, Inc.（IBP）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Installed Building Products, Inc.的季度营收约是Cloudflare, Inc.的1.2倍（$747.5M vs $614.5M），Installed Building Products, Inc.净利率更高（10.2% vs -2.0%，领先12.2%），Cloudflare, Inc.同比增速更快（33.6% vs -0.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $49.3M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 3.9%）
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
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。
IBP vs NET — 直观对比
营收规模更大
IBP
是对方的1.2倍
$614.5M
营收增速更快
NET
高出34.0%
-0.4%
净利率更高
IBP
高出12.2%
-2.0%
自由现金流更多
NET
多$55.9M
$49.3M
两年增速更快
NET
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $747.5M | $614.5M |
| 净利润 | $76.6M | $-12.1M |
| 毛利率 | 35.0% | 73.6% |
| 营业利润率 | 14.6% | -8.0% |
| 净利率 | 10.2% | -2.0% |
| 营收同比 | -0.4% | 33.6% |
| 净利润同比 | 14.5% | 6.0% |
| 每股收益（稀释后） | $2.81 | $-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IBPNET
| Q4 25 | $747.5M | $614.5M | ||
| Q3 25 | $778.2M | $562.0M | ||
| Q2 25 | $760.3M | $512.3M | ||
| Q1 25 | $684.8M | $479.1M | ||
| Q4 24 | $750.2M | $459.9M | ||
| Q3 24 | $760.6M | $430.1M | ||
| Q2 24 | $737.6M | $401.0M | ||
| Q1 24 | $692.9M | $378.6M |
净利润IBPNET
| Q4 25 | $76.6M | $-12.1M | ||
| Q3 25 | $74.4M | $-1.3M | ||
| Q2 25 | $69.0M | $-50.4M | ||
| Q1 25 | $45.4M | $-38.5M | ||
| Q4 24 | $66.9M | $-12.8M | ||
| Q3 24 | $68.6M | $-15.3M | ||
| Q2 24 | $65.2M | $-15.1M | ||
| Q1 24 | $55.9M | $-35.5M |
毛利率IBPNET
| Q4 25 | 35.0% | 73.6% | ||
| Q3 25 | 34.0% | 74.0% | ||
| Q2 25 | 34.2% | 74.9% | ||
| Q1 25 | 32.7% | 75.9% | ||
| Q4 24 | 33.6% | 76.4% | ||
| Q3 24 | 33.8% | 77.7% | ||
| Q2 24 | 34.1% | 77.8% | ||
| Q1 24 | 33.8% | 77.5% |
营业利润率IBPNET
| Q4 25 | 14.6% | -8.0% | ||
| Q3 25 | 13.7% | -6.7% | ||
| Q2 25 | 13.3% | -13.1% | ||
| Q1 25 | 10.2% | -11.1% | ||
| Q4 24 | 13.1% | -7.5% | ||
| Q3 24 | 13.3% | -7.2% | ||
| Q2 24 | 12.9% | -8.7% | ||
| Q1 24 | 12.7% | -14.4% |
净利率IBPNET
| Q4 25 | 10.2% | -2.0% | ||
| Q3 25 | 9.6% | -0.2% | ||
| Q2 25 | 9.1% | -9.8% | ||
| Q1 25 | 6.6% | -8.0% | ||
| Q4 24 | 8.9% | -2.8% | ||
| Q3 24 | 9.0% | -3.6% | ||
| Q2 24 | 8.8% | -3.8% | ||
| Q1 24 | 8.1% | -9.4% |
每股收益（稀释后）IBPNET
| Q4 25 | $2.81 | $-0.03 | ||
| Q3 25 | $2.74 | $0.00 | ||
| Q2 25 | $2.52 | $-0.15 | ||
| Q1 25 | $1.64 | $-0.11 | ||
| Q4 24 | $2.39 | $-0.05 | ||
| Q3 24 | $2.44 | $-0.04 | ||
| Q2 24 | $2.30 | $-0.04 | ||
| Q1 24 | $1.97 | $-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 | $321.9M | $943.5M |
| 总债务越低越好 | $886.6M | — |
| 股东权益账面价值 | $709.9M | $1.5B |
| 总资产 | $2.1B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.25× | — |
8季度趋势，按日历期对齐
现金及短期投资IBPNET
| Q4 25 | $321.9M | $943.5M | ||
| Q3 25 | $333.3M | $1.1B | ||
| Q2 25 | $305.2M | $1.5B | ||
| Q1 25 | $298.7M | $204.5M | ||
| Q4 24 | $327.6M | $147.7M | ||
| Q3 24 | $406.2M | $182.9M | ||
| Q2 24 | $380.3M | $157.0M | ||
| Q1 24 | $399.9M | $254.4M |
总债务IBPNET
| Q4 25 | $886.6M | — | ||
| Q3 25 | $880.8M | — | ||
| Q2 25 | $876.1M | — | ||
| Q1 25 | $872.4M | — | ||
| Q4 24 | $874.8M | — | ||
| Q3 24 | $872.3M | — | ||
| Q2 24 | $875.8M | — | ||
| Q1 24 | $875.0M | — |
股东权益IBPNET
| Q4 25 | $709.9M | $1.5B | ||
| Q3 25 | $678.6M | $1.3B | ||
| Q2 25 | $664.5M | $1.2B | ||
| Q1 25 | $660.9M | $1.4B | ||
| Q4 24 | $705.3M | $1.0B | ||
| Q3 24 | $716.4M | $973.1M | ||
| Q2 24 | $685.3M | $881.5M | ||
| Q1 24 | $679.2M | $797.2M |
总资产IBPNET
| Q4 25 | $2.1B | $6.0B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.0B | $5.6B | ||
| Q1 25 | $2.0B | $3.7B | ||
| Q4 24 | $2.1B | $3.3B | ||
| Q3 24 | $2.1B | $3.1B | ||
| Q2 24 | $2.0B | $2.9B | ||
| Q1 24 | $2.0B | $2.8B |
负债/权益比IBPNET
| Q4 25 | 1.25× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.32× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.24× | — | ||
| Q3 24 | 1.22× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.29× | — |
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 | $64.9M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $49.3M | $105.2M |
| 自由现金流率自由现金流/营收 | 6.6% | 17.1% |
| 资本支出强度资本支出/营收 | 2.1% | 13.9% |
| 现金转化率经营现金流/净利润 | 0.85× | — |
| 过去12个月自由现金流最近4个季度 | $300.8M | $287.5M |
8季度趋势，按日历期对齐
经营现金流IBPNET
| Q4 25 | $64.9M | $190.4M | ||
| Q3 25 | $124.0M | $167.1M | ||
| Q2 25 | $90.4M | $99.8M | ||
| Q1 25 | $92.1M | $145.8M | ||
| Q4 24 | $74.8M | $127.3M | ||
| Q3 24 | $101.4M | $104.7M | ||
| Q2 24 | $79.0M | $74.8M | ||
| Q1 24 | $84.8M | $73.6M |
自由现金流IBPNET
| Q4 25 | $49.3M | $105.2M | ||
| Q3 25 | $104.8M | $82.5M | ||
| Q2 25 | $74.8M | $39.9M | ||
| Q1 25 | $71.9M | $59.9M | ||
| Q4 24 | $52.9M | $54.2M | ||
| Q3 24 | $77.3M | $54.5M | ||
| Q2 24 | $58.2M | $45.2M | ||
| Q1 24 | $63.0M | $41.5M |
自由现金流率IBPNET
| Q4 25 | 6.6% | 17.1% | ||
| Q3 25 | 13.5% | 14.7% | ||
| Q2 25 | 9.8% | 7.8% | ||
| Q1 25 | 10.5% | 12.5% | ||
| Q4 24 | 7.1% | 11.8% | ||
| Q3 24 | 10.2% | 12.7% | ||
| Q2 24 | 7.9% | 11.3% | ||
| Q1 24 | 9.1% | 11.0% |
资本支出强度IBPNET
| Q4 25 | 2.1% | 13.9% | ||
| Q3 25 | 2.5% | 15.1% | ||
| Q2 25 | 2.1% | 11.7% | ||
| Q1 25 | 2.9% | 17.9% | ||
| Q4 24 | 2.9% | 15.9% | ||
| Q3 24 | 3.2% | 11.7% | ||
| Q2 24 | 2.8% | 7.4% | ||
| Q1 24 | 3.1% | 8.5% |
现金转化率IBPNET
| Q4 25 | 0.85× | — | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 1.52× | — |
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
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
