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ITRON, INC.（ITRI）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ITRON, INC.的1.0倍（$614.5M vs $587.0M），ITRON, INC.净利率更高（9.1% vs -2.0%，领先11.1%），Cloudflare, Inc.同比增速更快（33.6% vs -3.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $79.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -1.8%）
Itron, Inc.是美国一家专注于能源与水资源管理的技术企业，总部位于华盛顿州自由湖。公司提供电、气、水及热能计量设备、控制技术、通信系统、配套软件，同时还提供托管运营及咨询服务，可对能源和水资源的消耗情况进行计量与深度分析，助力相关领域的资源高效管理。
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。
ITRI vs NET — 直观对比
营收规模更大
NET
是对方的1.0倍
$587.0M
营收增速更快
NET
高出36.9%
-3.3%
净利率更高
ITRI
高出11.1%
-2.0%
自由现金流更多
NET
多$26.2M
$79.0M
两年增速更快
NET
近两年复合增速
-1.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $587.0M | $614.5M |
| 净利润 | $53.6M | $-12.1M |
| 毛利率 | 40.3% | 73.6% |
| 营业利润率 | 11.5% | -8.0% |
| 净利率 | 9.1% | -2.0% |
| 营收同比 | -3.3% | 33.6% |
| 净利润同比 | -18.0% | 6.0% |
| 每股收益（稀释后） | $1.18 | $-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ITRINET
| Q1 26 | $587.0M | — | ||
| Q4 25 | $571.7M | $614.5M | ||
| Q3 25 | $581.6M | $562.0M | ||
| Q2 25 | $606.8M | $512.3M | ||
| Q1 25 | $607.2M | $479.1M | ||
| Q4 24 | $612.9M | $459.9M | ||
| Q3 24 | $615.5M | $430.1M | ||
| Q2 24 | $609.1M | $401.0M |
净利润ITRINET
| Q1 26 | $53.6M | — | ||
| Q4 25 | $101.6M | $-12.1M | ||
| Q3 25 | $65.6M | $-1.3M | ||
| Q2 25 | $68.3M | $-50.4M | ||
| Q1 25 | $65.5M | $-38.5M | ||
| Q4 24 | $58.1M | $-12.8M | ||
| Q3 24 | $78.0M | $-15.3M | ||
| Q2 24 | $51.3M | $-15.1M |
毛利率ITRINET
| Q1 26 | 40.3% | — | ||
| Q4 25 | 40.5% | 73.6% | ||
| Q3 25 | 37.7% | 74.0% | ||
| Q2 25 | 36.9% | 74.9% | ||
| Q1 25 | 35.8% | 75.9% | ||
| Q4 24 | 34.9% | 76.4% | ||
| Q3 24 | 34.1% | 77.7% | ||
| Q2 24 | 34.6% | 77.8% |
营业利润率ITRINET
| Q1 26 | 11.5% | — | ||
| Q4 25 | 13.8% | -8.0% | ||
| Q3 25 | 14.1% | -6.7% | ||
| Q2 25 | 12.6% | -13.1% | ||
| Q1 25 | 12.6% | -11.1% | ||
| Q4 24 | 10.2% | -7.5% | ||
| Q3 24 | 12.0% | -7.2% | ||
| Q2 24 | 10.6% | -8.7% |
净利率ITRINET
| Q1 26 | 9.1% | — | ||
| Q4 25 | 17.8% | -2.0% | ||
| Q3 25 | 11.3% | -0.2% | ||
| Q2 25 | 11.3% | -9.8% | ||
| Q1 25 | 10.8% | -8.0% | ||
| Q4 24 | 9.5% | -2.8% | ||
| Q3 24 | 12.7% | -3.6% | ||
| Q2 24 | 8.4% | -3.8% |
每股收益（稀释后）ITRINET
| Q1 26 | $1.18 | — | ||
| Q4 25 | $2.20 | $-0.03 | ||
| Q3 25 | $1.41 | $0.00 | ||
| Q2 25 | $1.47 | $-0.15 | ||
| Q1 25 | $1.42 | $-0.11 | ||
| Q4 24 | $1.26 | $-0.05 | ||
| Q3 24 | $1.70 | $-0.04 | ||
| Q2 24 | $1.10 | $-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 | $712.9M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $1.5B |
| 总资产 | $4.0B | $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ITRINET
| Q1 26 | $712.9M | — | ||
| Q4 25 | $1.0B | $943.5M | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.1B | $204.5M | ||
| Q4 24 | $1.1B | $147.7M | ||
| Q3 24 | $982.5M | $182.9M | ||
| Q2 24 | $920.6M | $157.0M |
总债务ITRINET
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
股东权益ITRINET
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.3B | $973.1M | ||
| Q2 24 | $1.2B | $881.5M |
总资产ITRINET
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.7B | $6.0B | ||
| Q3 25 | $3.7B | $5.8B | ||
| Q2 25 | $3.6B | $5.6B | ||
| Q1 25 | $3.5B | $3.7B | ||
| Q4 24 | $3.4B | $3.3B | ||
| Q3 24 | $3.4B | $3.1B | ||
| Q2 24 | $3.3B | $2.9B |
负债/权益比ITRINET
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 1.02× | — |
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 | $85.5M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $79.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 13.5% | 17.1% |
| 资本支出强度资本支出/营收 | — | 13.9% |
| 现金转化率经营现金流/净利润 | 1.60× | — |
| 过去12个月自由现金流最近4个季度 | $394.6M | $287.5M |
8季度趋势，按日历期对齐
经营现金流ITRINET
| Q1 26 | $85.5M | — | ||
| Q4 25 | $119.3M | $190.4M | ||
| Q3 25 | $117.8M | $167.1M | ||
| Q2 25 | $96.7M | $99.8M | ||
| Q1 25 | $72.1M | $145.8M | ||
| Q4 24 | $79.8M | $127.3M | ||
| Q3 24 | $65.3M | $104.7M | ||
| Q2 24 | $51.7M | $74.8M |
自由现金流ITRINET
| Q1 26 | $79.0M | — | ||
| Q4 25 | $111.5M | $105.2M | ||
| Q3 25 | $113.4M | $82.5M | ||
| Q2 25 | $90.7M | $39.9M | ||
| Q1 25 | $67.5M | $59.9M | ||
| Q4 24 | $70.2M | $54.2M | ||
| Q3 24 | $58.7M | $54.5M | ||
| Q2 24 | $44.6M | $45.2M |
自由现金流率ITRINET
| Q1 26 | 13.5% | — | ||
| Q4 25 | 19.5% | 17.1% | ||
| Q3 25 | 19.5% | 14.7% | ||
| Q2 25 | 14.9% | 7.8% | ||
| Q1 25 | 11.1% | 12.5% | ||
| Q4 24 | 11.4% | 11.8% | ||
| Q3 24 | 9.5% | 12.7% | ||
| Q2 24 | 7.3% | 11.3% |
资本支出强度ITRINET
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 13.9% | ||
| Q3 25 | 0.8% | 15.1% | ||
| Q2 25 | 1.0% | 11.7% | ||
| Q1 25 | 0.8% | 17.9% | ||
| Q4 24 | 1.6% | 15.9% | ||
| Q3 24 | 1.1% | 11.7% | ||
| Q2 24 | 1.2% | 7.4% |
现金转化率ITRINET
| Q1 26 | 1.60× | — | ||
| Q4 25 | 1.17× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 0.84× | — | ||
| Q2 24 | 1.01× | — |
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
ITRI
| Product revenues | $477.8M | 81% |
| Service revenues | $109.2M | 19% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
