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ICF International, Inc.（ICFI）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ICF International, Inc.的1.4倍（$614.5M vs $443.7M），ICF International, Inc.净利率更高（3.9% vs -2.0%，领先5.9%），Cloudflare, Inc.同比增速更快（33.6% vs -10.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $68.7M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -5.3%）
ICF International是一家总部位于美国弗吉尼亚州雷斯顿的上市企业，主营咨询与技术服务，为各行业客户提供专业的解决方案支持，业务覆盖多领域的专业咨询及技术落地服务。
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。
ICFI vs NET — 直观对比
营收规模更大
NET
是对方的1.4倍
$443.7M
营收增速更快
NET
高出44.2%
-10.6%
净利率更高
ICFI
高出5.9%
-2.0%
自由现金流更多
NET
多$36.5M
$68.7M
两年增速更快
NET
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $443.7M | $614.5M |
| 净利润 | $17.3M | $-12.1M |
| 毛利率 | 35.7% | 73.6% |
| 营业利润率 | 6.5% | -8.0% |
| 净利率 | 3.9% | -2.0% |
| 营收同比 | -10.6% | 33.6% |
| 净利润同比 | -29.5% | 6.0% |
| 每股收益（稀释后） | $0.95 | $-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ICFINET
| Q4 25 | $443.7M | $614.5M | ||
| Q3 25 | $465.4M | $562.0M | ||
| Q2 25 | $476.2M | $512.3M | ||
| Q1 25 | $487.6M | $479.1M | ||
| Q4 24 | $496.3M | $459.9M | ||
| Q3 24 | $517.0M | $430.1M | ||
| Q2 24 | $512.0M | $401.0M | ||
| Q1 24 | $494.4M | $378.6M |
净利润ICFINET
| Q4 25 | $17.3M | $-12.1M | ||
| Q3 25 | $23.8M | $-1.3M | ||
| Q2 25 | $23.7M | $-50.4M | ||
| Q1 25 | $26.9M | $-38.5M | ||
| Q4 24 | $24.6M | $-12.8M | ||
| Q3 24 | $32.7M | $-15.3M | ||
| Q2 24 | $25.6M | $-15.1M | ||
| Q1 24 | $27.3M | $-35.5M |
毛利率ICFINET
| Q4 25 | 35.7% | 73.6% | ||
| Q3 25 | 37.6% | 74.0% | ||
| Q2 25 | 37.3% | 74.9% | ||
| Q1 25 | 38.0% | 75.9% | ||
| Q4 24 | 36.1% | 76.4% | ||
| Q3 24 | 37.1% | 77.7% | ||
| Q2 24 | 35.7% | 77.8% | ||
| Q1 24 | 37.2% | 77.5% |
营业利润率ICFINET
| Q4 25 | 6.5% | -8.0% | ||
| Q3 25 | 8.3% | -6.7% | ||
| Q2 25 | 8.4% | -13.1% | ||
| Q1 25 | 7.9% | -11.1% | ||
| Q4 24 | 7.3% | -7.5% | ||
| Q3 24 | 8.9% | -7.2% | ||
| Q2 24 | 8.3% | -8.7% | ||
| Q1 24 | 8.3% | -14.4% |
净利率ICFINET
| Q4 25 | 3.9% | -2.0% | ||
| Q3 25 | 5.1% | -0.2% | ||
| Q2 25 | 5.0% | -9.8% | ||
| Q1 25 | 5.5% | -8.0% | ||
| Q4 24 | 4.9% | -2.8% | ||
| Q3 24 | 6.3% | -3.6% | ||
| Q2 24 | 5.0% | -3.8% | ||
| Q1 24 | 5.5% | -9.4% |
每股收益（稀释后）ICFINET
| Q4 25 | $0.95 | $-0.03 | ||
| Q3 25 | $1.28 | $0.00 | ||
| Q2 25 | $1.28 | $-0.15 | ||
| Q1 25 | $1.44 | $-0.11 | ||
| Q4 24 | $1.29 | $-0.05 | ||
| Q3 24 | $1.73 | $-0.04 | ||
| Q2 24 | $1.36 | $-0.04 | ||
| Q1 24 | $1.44 | $-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 | $5.3M | $943.5M |
| 总债务越低越好 | $401.4M | — |
| 股东权益账面价值 | $1.0B | $1.5B |
| 总资产 | $2.1B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.39× | — |
8季度趋势，按日历期对齐
现金及短期投资ICFINET
| Q4 25 | $5.3M | $943.5M | ||
| Q3 25 | $4.0M | $1.1B | ||
| Q2 25 | $7.0M | $1.5B | ||
| Q1 25 | $5.7M | $204.5M | ||
| Q4 24 | $5.0M | $147.7M | ||
| Q3 24 | $6.9M | $182.9M | ||
| Q2 24 | $4.1M | $157.0M | ||
| Q1 24 | $3.7M | $254.4M |
总债务ICFINET
| Q4 25 | $401.4M | — | ||
| Q3 25 | $449.4M | — | ||
| Q2 25 | $462.3M | — | ||
| Q1 25 | $502.0M | — | ||
| Q4 24 | $411.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $433.9M | — | ||
| Q1 24 | $474.7M | — |
股东权益ICFINET
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $968.9M | $1.4B | ||
| Q4 24 | $982.5M | $1.0B | ||
| Q3 24 | $976.3M | $973.1M | ||
| Q2 24 | $943.3M | $881.5M | ||
| Q1 24 | $916.1M | $797.2M |
总资产ICFINET
| Q4 25 | $2.1B | $6.0B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.1B | $5.6B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | $2.1B | $3.3B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.0B | $2.9B | ||
| Q1 24 | $2.0B | $2.8B |
负债/权益比ICFINET
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.42× | — | ||
| Q3 24 | 0.43× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.52× | — |
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 | $75.6M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $68.7M | $105.2M |
| 自由现金流率自由现金流/营收 | 15.5% | 17.1% |
| 资本支出强度资本支出/营收 | 1.6% | 13.9% |
| 现金转化率经营现金流/净利润 | 4.37× | — |
| 过去12个月自由现金流最近4个季度 | $120.2M | $287.5M |
8季度趋势，按日历期对齐
经营现金流ICFINET
| Q4 25 | $75.6M | $190.4M | ||
| Q3 25 | $47.3M | $167.1M | ||
| Q2 25 | $52.0M | $99.8M | ||
| Q1 25 | $-33.0M | $145.8M | ||
| Q4 24 | $95.4M | $127.3M | ||
| Q3 24 | $25.5M | $104.7M | ||
| Q2 24 | $60.6M | $74.8M | ||
| Q1 24 | $-10.0M | $73.6M |
自由现金流ICFINET
| Q4 25 | $68.7M | $105.2M | ||
| Q3 25 | $41.8M | $82.5M | ||
| Q2 25 | $46.2M | $39.9M | ||
| Q1 25 | $-36.5M | $59.9M | ||
| Q4 24 | $89.5M | $54.2M | ||
| Q3 24 | $20.4M | $54.5M | ||
| Q2 24 | $55.5M | $45.2M | ||
| Q1 24 | $-15.2M | $41.5M |
自由现金流率ICFINET
| Q4 25 | 15.5% | 17.1% | ||
| Q3 25 | 9.0% | 14.7% | ||
| Q2 25 | 9.7% | 7.8% | ||
| Q1 25 | -7.5% | 12.5% | ||
| Q4 24 | 18.0% | 11.8% | ||
| Q3 24 | 3.9% | 12.7% | ||
| Q2 24 | 10.8% | 11.3% | ||
| Q1 24 | -3.1% | 11.0% |
资本支出强度ICFINET
| Q4 25 | 1.6% | 13.9% | ||
| Q3 25 | 1.2% | 15.1% | ||
| Q2 25 | 1.2% | 11.7% | ||
| Q1 25 | 0.7% | 17.9% | ||
| Q4 24 | 1.2% | 15.9% | ||
| Q3 24 | 1.0% | 11.7% | ||
| Q2 24 | 1.0% | 7.4% | ||
| Q1 24 | 1.1% | 8.5% |
现金转化率ICFINET
| Q4 25 | 4.37× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | -1.23× | — | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 2.37× | — | ||
| Q1 24 | -0.37× | — |
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
ICFI
| US Federal Government | $166.7M | 38% |
| Commercial | $164.4M | 37% |
| US State And Local Government | $78.7M | 18% |
| International Government | $33.8M | 8% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
