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Kodiak Gas Services, Inc.（KGS）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Kodiak Gas Services, Inc.的1.8倍（$614.5M vs $332.9M），Kodiak Gas Services, Inc.净利率更高（7.4% vs -2.0%，领先9.4%），Cloudflare, Inc.同比增速更快（33.6% vs 7.5%），Kodiak Gas Services, Inc.自由现金流更多（$142.0M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 24.3%）
Kodiak Gas Services是北美知名的天然气压缩服务供应商，主要服务油气行业上下游客户，提供定制化压缩设备、运维及运营支持，帮助客户优化陆上天然气收集、处理与运输全流程的运营效率。
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。
KGS vs NET — 直观对比
营收规模更大
NET
是对方的1.8倍
$332.9M
营收增速更快
NET
高出26.1%
7.5%
净利率更高
KGS
高出9.4%
-2.0%
自由现金流更多
KGS
多$36.8M
$105.2M
两年增速更快
NET
近两年复合增速
24.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $332.9M | $614.5M |
| 净利润 | $24.6M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 26.1% | -8.0% |
| 净利率 | 7.4% | -2.0% |
| 营收同比 | 7.5% | 33.6% |
| 净利润同比 | 29.0% | 6.0% |
| 每股收益（稀释后） | $0.30 | $-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KGSNET
| Q4 25 | $332.9M | $614.5M | ||
| Q3 25 | $322.7M | $562.0M | ||
| Q2 25 | $322.8M | $512.3M | ||
| Q1 25 | $329.6M | $479.1M | ||
| Q4 24 | $309.5M | $459.9M | ||
| Q3 24 | $324.6M | $430.1M | ||
| Q2 24 | $309.7M | $401.0M | ||
| Q1 24 | $215.5M | $378.6M |
净利润KGSNET
| Q4 25 | $24.6M | $-12.1M | ||
| Q3 25 | $-14.0M | $-1.3M | ||
| Q2 25 | $39.5M | $-50.4M | ||
| Q1 25 | $30.4M | $-38.5M | ||
| Q4 24 | $19.1M | $-12.8M | ||
| Q3 24 | $-5.6M | $-15.3M | ||
| Q2 24 | $6.2M | $-15.1M | ||
| Q1 24 | $30.2M | $-35.5M |
毛利率KGSNET
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | 37.5% | 77.7% | ||
| Q2 24 | 36.5% | 77.8% | ||
| Q1 24 | 39.4% | 77.5% |
营业利润率KGSNET
| Q4 25 | 26.1% | -8.0% | ||
| Q3 25 | 19.9% | -6.7% | ||
| Q2 25 | 30.9% | -13.1% | ||
| Q1 25 | 27.1% | -11.1% | ||
| Q4 24 | 22.3% | -7.5% | ||
| Q3 24 | 20.4% | -7.2% | ||
| Q2 24 | 17.5% | -8.7% | ||
| Q1 24 | 27.9% | -14.4% |
净利率KGSNET
| Q4 25 | 7.4% | -2.0% | ||
| Q3 25 | -4.3% | -0.2% | ||
| Q2 25 | 12.2% | -9.8% | ||
| Q1 25 | 9.2% | -8.0% | ||
| Q4 24 | 6.2% | -2.8% | ||
| Q3 24 | -1.7% | -3.6% | ||
| Q2 24 | 2.0% | -3.8% | ||
| Q1 24 | 14.0% | -9.4% |
每股收益（稀释后）KGSNET
| Q4 25 | $0.30 | $-0.03 | ||
| Q3 25 | $-0.17 | $0.00 | ||
| Q2 25 | $0.43 | $-0.15 | ||
| Q1 25 | $0.33 | $-0.11 | ||
| Q4 24 | $0.18 | $-0.05 | ||
| Q3 24 | $-0.07 | $-0.04 | ||
| Q2 24 | $0.06 | $-0.04 | ||
| Q1 24 | $0.39 | $-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 | $3.2M | $943.5M |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $1.2B | $1.5B |
| 总资产 | $4.3B | $6.0B |
| 负债/权益比越低杠杆越低 | 2.12× | — |
8季度趋势，按日历期对齐
现金及短期投资KGSNET
| Q4 25 | $3.2M | $943.5M | ||
| Q3 25 | $724.0K | $1.1B | ||
| Q2 25 | $5.4M | $1.5B | ||
| Q1 25 | $1.9M | $204.5M | ||
| Q4 24 | $4.8M | $147.7M | ||
| Q3 24 | $7.4M | $182.9M | ||
| Q2 24 | $3.9M | $157.0M | ||
| Q1 24 | $9.3M | $254.4M |
总债务KGSNET
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | — | — |
股东权益KGSNET
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $973.1M | ||
| Q2 24 | $1.5B | $881.5M | ||
| Q1 24 | $1.1B | $797.2M |
总资产KGSNET
| Q4 25 | $4.3B | $6.0B | ||
| Q3 25 | $4.4B | $5.8B | ||
| Q2 25 | $4.4B | $5.6B | ||
| Q1 25 | $4.4B | $3.7B | ||
| Q4 24 | $4.4B | $3.3B | ||
| Q3 24 | $4.5B | $3.1B | ||
| Q2 24 | $4.4B | $2.9B | ||
| Q1 24 | $3.3B | $2.8B |
负债/权益比KGSNET
| Q4 25 | 2.12× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 1.88× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 1.71× | — | ||
| 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 | $194.9M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $142.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 42.7% | 17.1% |
| 资本支出强度资本支出/营收 | 15.9% | 13.9% |
| 现金转化率经营现金流/净利润 | 7.91× | — |
| 过去12个月自由现金流最近4个季度 | $284.3M | $287.5M |
8季度趋势，按日历期对齐
经营现金流KGSNET
| Q4 25 | $194.9M | $190.4M | ||
| Q3 25 | $113.4M | $167.1M | ||
| Q2 25 | $177.2M | $99.8M | ||
| Q1 25 | $114.3M | $145.8M | ||
| Q4 24 | $118.5M | $127.3M | ||
| Q3 24 | $36.9M | $104.7M | ||
| Q2 24 | $121.1M | $74.8M | ||
| Q1 24 | $51.5M | $73.6M |
自由现金流KGSNET
| Q4 25 | $142.0M | $105.2M | ||
| Q3 25 | $10.9M | $82.5M | ||
| Q2 25 | $94.6M | $39.9M | ||
| Q1 25 | $36.8M | $59.9M | ||
| Q4 24 | $45.2M | $54.2M | ||
| Q3 24 | $-49.7M | $54.5M | ||
| Q2 24 | $4.0M | $45.2M | ||
| Q1 24 | $-8.6M | $41.5M |
自由现金流率KGSNET
| Q4 25 | 42.7% | 17.1% | ||
| Q3 25 | 3.4% | 14.7% | ||
| Q2 25 | 29.3% | 7.8% | ||
| Q1 25 | 11.2% | 12.5% | ||
| Q4 24 | 14.6% | 11.8% | ||
| Q3 24 | -15.3% | 12.7% | ||
| Q2 24 | 1.3% | 11.3% | ||
| Q1 24 | -4.0% | 11.0% |
资本支出强度KGSNET
| Q4 25 | 15.9% | 13.9% | ||
| Q3 25 | 31.7% | 15.1% | ||
| Q2 25 | 25.6% | 11.7% | ||
| Q1 25 | 23.5% | 17.9% | ||
| Q4 24 | 23.7% | 15.9% | ||
| Q3 24 | 26.7% | 11.7% | ||
| Q2 24 | 37.8% | 7.4% | ||
| Q1 24 | 27.9% | 8.5% |
现金转化率KGSNET
| Q4 25 | 7.91× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.49× | — | ||
| Q1 25 | 3.76× | — | ||
| Q4 24 | 6.21× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.44× | — | ||
| Q1 24 | 1.70× | — |
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
KGS
| Other Services | $126.8M | 38% |
| Other | $112.2M | 34% |
| Transferred At Point In Time | $93.8M | 28% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
