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KinderCare Learning Companies, Inc.（KLC）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
KinderCare Learning Companies, Inc.的季度营收约是Cloudflare, Inc.的1.1倍（$676.8M vs $614.5M），KinderCare Learning Companies, Inc.净利率更高（0.7% vs -2.0%，领先2.6%），Cloudflare, Inc.同比增速更快（33.6% vs 0.8%），Cloudflare, Inc.自由现金流更多（$105.2M vs $62.6M）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
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。
KLC vs NET — 直观对比
营收规模更大
KLC
是对方的1.1倍
$614.5M
营收增速更快
NET
高出32.8%
0.8%
净利率更高
KLC
高出2.6%
-2.0%
自由现金流更多
NET
多$42.6M
$62.6M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $614.5M |
| 净利润 | $4.5M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 3.9% | -8.0% |
| 净利率 | 0.7% | -2.0% |
| 营收同比 | 0.8% | 33.6% |
| 净利润同比 | -67.4% | 6.0% |
| 每股收益（稀释后） | $0.04 | $-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KLCNET
| Q4 25 | — | $614.5M | ||
| Q3 25 | $676.8M | $562.0M | ||
| Q2 25 | $700.1M | $512.3M | ||
| Q1 25 | $668.2M | $479.1M | ||
| Q4 24 | $647.0M | $459.9M | ||
| Q3 24 | $671.5M | $430.1M | ||
| Q2 24 | — | $401.0M | ||
| Q1 24 | — | $378.6M |
净利润KLCNET
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $4.5M | $-1.3M | ||
| Q2 25 | $38.6M | $-50.4M | ||
| Q1 25 | $21.2M | $-38.5M | ||
| Q4 24 | $-133.6M | $-12.8M | ||
| Q3 24 | $14.0M | $-15.3M | ||
| Q2 24 | — | $-15.1M | ||
| Q1 24 | — | $-35.5M |
毛利率KLCNET
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
营业利润率KLCNET
| Q4 25 | — | -8.0% | ||
| Q3 25 | 3.9% | -6.7% | ||
| Q2 25 | 9.8% | -13.1% | ||
| Q1 25 | 7.3% | -11.1% | ||
| Q4 24 | -13.8% | -7.5% | ||
| Q3 24 | 8.1% | -7.2% | ||
| Q2 24 | — | -8.7% | ||
| Q1 24 | — | -14.4% |
净利率KLCNET
| Q4 25 | — | -2.0% | ||
| Q3 25 | 0.7% | -0.2% | ||
| Q2 25 | 5.5% | -9.8% | ||
| Q1 25 | 3.2% | -8.0% | ||
| Q4 24 | -20.6% | -2.8% | ||
| Q3 24 | 2.1% | -3.6% | ||
| Q2 24 | — | -3.8% | ||
| Q1 24 | — | -9.4% |
每股收益（稀释后）KLCNET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.04 | $0.00 | ||
| Q2 25 | $0.33 | $-0.15 | ||
| Q1 25 | $0.18 | $-0.11 | ||
| Q4 24 | $-1.17 | $-0.05 | ||
| Q3 24 | $0.15 | $-0.04 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-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 | $174.7M | $943.5M |
| 总债务越低越好 | $930.9M | — |
| 股东权益账面价值 | $931.2M | $1.5B |
| 总资产 | $3.9B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.00× | — |
8季度趋势，按日历期对齐
现金及短期投资KLCNET
| Q4 25 | — | $943.5M | ||
| Q3 25 | $174.7M | $1.1B | ||
| Q2 25 | $119.0M | $1.5B | ||
| Q1 25 | $131.3M | $204.5M | ||
| Q4 24 | $62.3M | $147.7M | ||
| Q3 24 | $137.2M | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
总债务KLCNET
| Q4 25 | — | — | ||
| Q3 25 | $930.9M | — | ||
| Q2 25 | $926.5M | — | ||
| Q1 25 | $927.4M | — | ||
| Q4 24 | $926.0M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KLCNET
| Q4 25 | — | $1.5B | ||
| Q3 25 | $931.2M | $1.3B | ||
| Q2 25 | $924.3M | $1.2B | ||
| Q1 25 | $884.9M | $1.4B | ||
| Q4 24 | $864.5M | $1.0B | ||
| Q3 24 | $235.6M | $973.1M | ||
| Q2 24 | — | $881.5M | ||
| Q1 24 | — | $797.2M |
总资产KLCNET
| Q4 25 | — | $6.0B | ||
| Q3 25 | $3.9B | $5.8B | ||
| Q2 25 | $3.8B | $5.6B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $3.6B | $3.3B | ||
| Q3 24 | $3.7B | $3.1B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.8B |
负债/权益比KLCNET
| Q4 25 | — | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 6.42× | — | ||
| 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 | $100.8M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $62.6M | $105.2M |
| 自由现金流率自由现金流/营收 | 9.2% | 17.1% |
| 资本支出强度资本支出/营收 | 5.6% | 13.9% |
| 现金转化率经营现金流/净利润 | 22.15× | — |
| 过去12个月自由现金流最近4个季度 | — | $287.5M |
8季度趋势，按日历期对齐
经营现金流KLCNET
| Q4 25 | — | $190.4M | ||
| Q3 25 | $100.8M | $167.1M | ||
| Q2 25 | $35.0M | $99.8M | ||
| Q1 25 | $98.4M | $145.8M | ||
| Q4 24 | — | $127.3M | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | $74.8M | ||
| Q1 24 | — | $73.6M |
自由现金流KLCNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | $62.6M | $82.5M | ||
| Q2 25 | $671.0K | $39.9M | ||
| Q1 25 | $75.1M | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | — | $41.5M |
自由现金流率KLCNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | 9.2% | 14.7% | ||
| Q2 25 | 0.1% | 7.8% | ||
| Q1 25 | 11.2% | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 11.0% |
资本支出强度KLCNET
| Q4 25 | — | 13.9% | ||
| Q3 25 | 5.6% | 15.1% | ||
| Q2 25 | 4.9% | 11.7% | ||
| Q1 25 | 3.5% | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 8.5% |
现金转化率KLCNET
| Q4 25 | — | — | ||
| Q3 25 | 22.15× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 4.65× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
