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INTERPARFUMS INC（IPAR）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INTERPARFUMS INC的1.6倍（$614.5M vs $386.2M），INTERPARFUMS INC净利率更高（7.3% vs -2.0%，领先9.2%），Cloudflare, Inc.同比增速更快（33.6% vs 6.8%），INTERPARFUMS INC自由现金流更多（$145.0M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 9.2%）
Inter Parfums Inc是全球知名的高端香水企业，开发、生产并销售多款授权香水、身体护理及相关美妆产品，与多家顶级奢侈时尚生活方式品牌合作推出联名香氛系列，产品覆盖全球主要市场，通过百货、美妆专营店及官方电商渠道触达消费者。
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。
IPAR vs NET — 直观对比
营收规模更大
NET
是对方的1.6倍
$386.2M
营收增速更快
NET
高出26.8%
6.8%
净利率更高
IPAR
高出9.2%
-2.0%
自由现金流更多
IPAR
多$39.8M
$105.2M
两年增速更快
NET
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.2M | $614.5M |
| 净利润 | $28.1M | $-12.1M |
| 毛利率 | 61.5% | 73.6% |
| 营业利润率 | 7.1% | -8.0% |
| 净利率 | 7.3% | -2.0% |
| 营收同比 | 6.8% | 33.6% |
| 净利润同比 | 16.0% | 6.0% |
| 每股收益（稀释后） | $0.88 | $-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IPARNET
| Q4 25 | $386.2M | $614.5M | ||
| Q3 25 | $429.6M | $562.0M | ||
| Q2 25 | $333.9M | $512.3M | ||
| Q1 25 | $338.8M | $479.1M | ||
| Q4 24 | $361.5M | $459.9M | ||
| Q3 24 | $424.6M | $430.1M | ||
| Q2 24 | $342.2M | $401.0M | ||
| Q1 24 | $324.0M | $378.6M |
净利润IPARNET
| Q4 25 | $28.1M | $-12.1M | ||
| Q3 25 | $65.8M | $-1.3M | ||
| Q2 25 | $32.0M | $-50.4M | ||
| Q1 25 | $42.5M | $-38.5M | ||
| Q4 24 | $24.2M | $-12.8M | ||
| Q3 24 | $62.3M | $-15.3M | ||
| Q2 24 | $36.8M | $-15.1M | ||
| Q1 24 | $41.0M | $-35.5M |
毛利率IPARNET
| Q4 25 | 61.5% | 73.6% | ||
| Q3 25 | 63.5% | 74.0% | ||
| Q2 25 | 66.2% | 74.9% | ||
| Q1 25 | 63.7% | 75.9% | ||
| Q4 24 | 64.5% | 76.4% | ||
| Q3 24 | 63.9% | 77.7% | ||
| Q2 24 | 64.5% | 77.8% | ||
| Q1 24 | 62.5% | 77.5% |
营业利润率IPARNET
| Q4 25 | 7.1% | -8.0% | ||
| Q3 25 | 25.3% | -6.7% | ||
| Q2 25 | 17.7% | -13.1% | ||
| Q1 25 | 22.2% | -11.1% | ||
| Q4 24 | 10.0% | -7.5% | ||
| Q3 24 | 25.0% | -7.2% | ||
| Q2 24 | 18.9% | -8.7% | ||
| Q1 24 | 21.0% | -14.4% |
净利率IPARNET
| Q4 25 | 7.3% | -2.0% | ||
| Q3 25 | 15.3% | -0.2% | ||
| Q2 25 | 9.6% | -9.8% | ||
| Q1 25 | 12.5% | -8.0% | ||
| Q4 24 | 6.7% | -2.8% | ||
| Q3 24 | 14.7% | -3.6% | ||
| Q2 24 | 10.8% | -3.8% | ||
| Q1 24 | 12.7% | -9.4% |
每股收益（稀释后）IPARNET
| Q4 25 | $0.88 | $-0.03 | ||
| Q3 25 | $2.05 | $0.00 | ||
| Q2 25 | $0.99 | $-0.15 | ||
| Q1 25 | $1.32 | $-0.11 | ||
| Q4 24 | $0.78 | $-0.05 | ||
| Q3 24 | $1.93 | $-0.04 | ||
| Q2 24 | $1.14 | $-0.04 | ||
| Q1 24 | $1.27 | $-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 | $137.1M | $943.5M |
| 总债务越低越好 | $176.0M | — |
| 股东权益账面价值 | $880.7M | $1.5B |
| 总资产 | $1.6B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.20× | — |
8季度趋势，按日历期对齐
现金及短期投资IPARNET
| Q4 25 | $137.1M | $943.5M | ||
| Q3 25 | $77.5M | $1.1B | ||
| Q2 25 | $53.9M | $1.5B | ||
| Q1 25 | $75.3M | $204.5M | ||
| Q4 24 | $109.3M | $147.7M | ||
| Q3 24 | $78.8M | $182.9M | ||
| Q2 24 | $37.7M | $157.0M | ||
| Q1 24 | $76.1M | $254.4M |
总债务IPARNET
| Q4 25 | $176.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $157.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IPARNET
| Q4 25 | $880.7M | $1.5B | ||
| Q3 25 | $870.9M | $1.3B | ||
| Q2 25 | $839.4M | $1.2B | ||
| Q1 25 | $788.6M | $1.4B | ||
| Q4 24 | $744.9M | $1.0B | ||
| Q3 24 | $778.5M | $973.1M | ||
| Q2 24 | $717.1M | $881.5M | ||
| Q1 24 | $708.1M | $797.2M |
总资产IPARNET
| Q4 25 | $1.6B | $6.0B | ||
| Q3 25 | $1.6B | $5.8B | ||
| Q2 25 | $1.6B | $5.6B | ||
| Q1 25 | $1.4B | $3.7B | ||
| Q4 24 | $1.4B | $3.3B | ||
| Q3 24 | $1.5B | $3.1B | ||
| Q2 24 | $1.4B | $2.9B | ||
| Q1 24 | $1.3B | $2.8B |
负债/权益比IPARNET
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $146.5M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $145.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 37.5% | 17.1% |
| 资本支出强度资本支出/营收 | 0.4% | 13.9% |
| 现金转化率经营现金流/净利润 | 5.21× | — |
| 过去12个月自由现金流最近4个季度 | $190.5M | $287.5M |
8季度趋势，按日历期对齐
经营现金流IPARNET
| Q4 25 | $146.5M | $190.4M | ||
| Q3 25 | $63.9M | $167.1M | ||
| Q2 25 | $11.9M | $99.8M | ||
| Q1 25 | $-7.4M | $145.8M | ||
| Q4 24 | $138.0M | $127.3M | ||
| Q3 24 | $76.1M | $104.7M | ||
| Q2 24 | $25.5M | $74.8M | ||
| Q1 24 | $-52.0M | $73.6M |
自由现金流IPARNET
| Q4 25 | $145.0M | $105.2M | ||
| Q3 25 | $57.6M | $82.5M | ||
| Q2 25 | $-3.3M | $39.9M | ||
| Q1 25 | $-8.8M | $59.9M | ||
| Q4 24 | $136.1M | $54.2M | ||
| Q3 24 | $75.4M | $54.5M | ||
| Q2 24 | $24.4M | $45.2M | ||
| Q1 24 | $-53.0M | $41.5M |
自由现金流率IPARNET
| Q4 25 | 37.5% | 17.1% | ||
| Q3 25 | 13.4% | 14.7% | ||
| Q2 25 | -1.0% | 7.8% | ||
| Q1 25 | -2.6% | 12.5% | ||
| Q4 24 | 37.7% | 11.8% | ||
| Q3 24 | 17.8% | 12.7% | ||
| Q2 24 | 7.1% | 11.3% | ||
| Q1 24 | -16.4% | 11.0% |
资本支出强度IPARNET
| Q4 25 | 0.4% | 13.9% | ||
| Q3 25 | 1.5% | 15.1% | ||
| Q2 25 | 4.5% | 11.7% | ||
| Q1 25 | 0.4% | 17.9% | ||
| Q4 24 | 0.5% | 15.9% | ||
| Q3 24 | 0.2% | 11.7% | ||
| Q2 24 | 0.3% | 7.4% | ||
| Q1 24 | 0.3% | 8.5% |
现金转化率IPARNET
| Q4 25 | 5.21× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 0.37× | — | ||
| Q1 25 | -0.17× | — | ||
| Q4 24 | 5.69× | — | ||
| Q3 24 | 1.22× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | -1.27× | — |
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
IPAR
| European Based Operations | $232.7M | 60% |
| United States Based Operations | $155.2M | 40% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
