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Jack Henry & Associates（JKHY）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Jack Henry & Associates的季度营收约是Cloudflare, Inc.的1.0倍（$619.3M vs $614.5M），Jack Henry & Associates净利率更高（20.1% vs -2.0%，领先22.1%），Cloudflare, Inc.同比增速更快（33.6% vs 7.9%），Jack Henry & Associates自由现金流更多（$131.4M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 7.2%）
Jack Henry & Associates是1976年成立的美国专业金融科技企业，主要面向社区银行、信用合作社等中小型金融机构提供金融科技及支付处理解决方案，同时帮助区域银行与信用合作社管控风险、完成合规申报，优化升级线上银行业务相关服务。
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。
JKHY vs NET — 直观对比
营收规模更大
JKHY
是对方的1.0倍
$614.5M
营收增速更快
NET
高出25.7%
7.9%
净利率更高
JKHY
高出22.1%
-2.0%
自由现金流更多
JKHY
多$26.2M
$105.2M
两年增速更快
NET
近两年复合增速
7.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $619.3M | $614.5M |
| 净利润 | $124.7M | $-12.1M |
| 毛利率 | 43.3% | 73.6% |
| 营业利润率 | 25.7% | -8.0% |
| 净利率 | 20.1% | -2.0% |
| 营收同比 | 7.9% | 33.6% |
| 净利润同比 | 27.4% | 6.0% |
| 每股收益（稀释后） | $1.72 | $-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JKHYNET
| Q4 25 | $619.3M | $614.5M | ||
| Q3 25 | $644.7M | $562.0M | ||
| Q2 25 | $615.4M | $512.3M | ||
| Q1 25 | $585.1M | $479.1M | ||
| Q4 24 | $573.8M | $459.9M | ||
| Q3 24 | $601.0M | $430.1M | ||
| Q2 24 | $559.9M | $401.0M | ||
| Q1 24 | $538.6M | $378.6M |
净利润JKHYNET
| Q4 25 | $124.7M | $-12.1M | ||
| Q3 25 | $144.0M | $-1.3M | ||
| Q2 25 | $127.6M | $-50.4M | ||
| Q1 25 | $111.1M | $-38.5M | ||
| Q4 24 | $97.8M | $-12.8M | ||
| Q3 24 | $119.2M | $-15.3M | ||
| Q2 24 | $101.1M | $-15.1M | ||
| Q1 24 | $87.1M | $-35.5M |
毛利率JKHYNET
| Q4 25 | 43.3% | 73.6% | ||
| Q3 25 | 45.9% | 74.0% | ||
| Q2 25 | 44.1% | 74.9% | ||
| Q1 25 | 41.8% | 75.9% | ||
| Q4 24 | 42.0% | 76.4% | ||
| Q3 24 | 42.9% | 77.7% | ||
| Q2 24 | 41.5% | 77.8% | ||
| Q1 24 | 39.1% | 77.5% |
营业利润率JKHYNET
| Q4 25 | 25.7% | -8.0% | ||
| Q3 25 | 28.5% | -6.7% | ||
| Q2 25 | 25.3% | -13.1% | ||
| Q1 25 | 23.7% | -11.1% | ||
| Q4 24 | 21.4% | -7.5% | ||
| Q3 24 | 25.2% | -7.2% | ||
| Q2 24 | 22.4% | -8.7% | ||
| Q1 24 | 20.8% | -14.4% |
净利率JKHYNET
| Q4 25 | 20.1% | -2.0% | ||
| Q3 25 | 22.3% | -0.2% | ||
| Q2 25 | 20.7% | -9.8% | ||
| Q1 25 | 19.0% | -8.0% | ||
| Q4 24 | 17.1% | -2.8% | ||
| Q3 24 | 19.8% | -3.6% | ||
| Q2 24 | 18.1% | -3.8% | ||
| Q1 24 | 16.2% | -9.4% |
每股收益（稀释后）JKHYNET
| Q4 25 | $1.72 | $-0.03 | ||
| Q3 25 | $1.97 | $0.00 | ||
| Q2 25 | $1.75 | $-0.15 | ||
| Q1 25 | $1.52 | $-0.11 | ||
| Q4 24 | $1.34 | $-0.05 | ||
| Q3 24 | $1.63 | $-0.04 | ||
| Q2 24 | $1.39 | $-0.04 | ||
| Q1 24 | $1.19 | $-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 | $28.2M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | $1.5B |
| 总资产 | $3.1B | $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JKHYNET
| Q4 25 | $28.2M | $943.5M | ||
| Q3 25 | $36.2M | $1.1B | ||
| Q2 25 | $102.0M | $1.5B | ||
| Q1 25 | $39.9M | $204.5M | ||
| Q4 24 | $25.7M | $147.7M | ||
| Q3 24 | $43.2M | $182.9M | ||
| Q2 24 | $38.3M | $157.0M | ||
| Q1 24 | $27.3M | $254.4M |
总债务JKHYNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $60.0M | — | ||
| Q1 24 | $250.0M | — |
股东权益JKHYNET
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $1.9B | $973.1M | ||
| Q2 24 | $1.8B | $881.5M | ||
| Q1 24 | $1.8B | $797.2M |
总资产JKHYNET
| Q4 25 | $3.1B | $6.0B | ||
| Q3 25 | $3.0B | $5.8B | ||
| Q2 25 | $3.0B | $5.6B | ||
| Q1 25 | $2.9B | $3.7B | ||
| Q4 24 | $2.9B | $3.3B | ||
| Q3 24 | $2.9B | $3.1B | ||
| Q2 24 | $2.9B | $2.9B | ||
| Q1 24 | $2.8B | $2.8B |
负债/权益比JKHYNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.14× | — |
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 | $152.7M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $131.4M | $105.2M |
| 自由现金流率自由现金流/营收 | 21.2% | 17.1% |
| 资本支出强度资本支出/营收 | 3.4% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.22× | — |
| 过去12个月自由现金流最近4个季度 | $654.2M | $287.5M |
8季度趋势，按日历期对齐
经营现金流JKHYNET
| Q4 25 | $152.7M | $190.4M | ||
| Q3 25 | $120.6M | $167.1M | ||
| Q2 25 | $327.1M | $99.8M | ||
| Q1 25 | $107.8M | $145.8M | ||
| Q4 24 | $89.6M | $127.3M | ||
| Q3 24 | $116.9M | $104.7M | ||
| Q2 24 | $231.8M | $74.8M | ||
| Q1 24 | $97.6M | $73.6M |
自由现金流JKHYNET
| Q4 25 | $131.4M | $105.2M | ||
| Q3 25 | $111.7M | $82.5M | ||
| Q2 25 | $314.9M | $39.9M | ||
| Q1 25 | $96.1M | $59.9M | ||
| Q4 24 | $73.0M | $54.2M | ||
| Q3 24 | $104.1M | $54.5M | ||
| Q2 24 | $208.0M | $45.2M | ||
| Q1 24 | $87.7M | $41.5M |
自由现金流率JKHYNET
| Q4 25 | 21.2% | 17.1% | ||
| Q3 25 | 17.3% | 14.7% | ||
| Q2 25 | 51.2% | 7.8% | ||
| Q1 25 | 16.4% | 12.5% | ||
| Q4 24 | 12.7% | 11.8% | ||
| Q3 24 | 17.3% | 12.7% | ||
| Q2 24 | 37.2% | 11.3% | ||
| Q1 24 | 16.3% | 11.0% |
资本支出强度JKHYNET
| Q4 25 | 3.4% | 13.9% | ||
| Q3 25 | 1.4% | 15.1% | ||
| Q2 25 | 2.0% | 11.7% | ||
| Q1 25 | 2.0% | 17.9% | ||
| Q4 24 | 2.9% | 15.9% | ||
| Q3 24 | 2.1% | 11.7% | ||
| Q2 24 | 4.2% | 7.4% | ||
| Q1 24 | 1.8% | 8.5% |
现金转化率JKHYNET
| Q4 25 | 1.22× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 2.56× | — | ||
| Q1 25 | 0.97× | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | 0.98× | — | ||
| Q2 24 | 2.29× | — | ||
| Q1 24 | 1.12× | — |
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
JKHY
| Processing | $273.5M | 44% |
| Private Public Cloud | $202.7M | 33% |
| On Premise Support | $79.0M | 13% |
| Product Deliveryand Service | $64.1M | 10% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
