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Kontoor Brands, Inc.（KTB）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Kontoor Brands, Inc.的季度营收约是Cloudflare, Inc.的1.4倍（$853.2M vs $614.5M），Kontoor Brands, Inc.净利率更高（4.3% vs -2.0%，领先6.3%），Cloudflare, Inc.同比增速更快（33.6% vs 27.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $55.8M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 14.2%）
Kontoor Brands是美国知名服装企业，2019年5月从威富集团分拆独立运营，旗下拥有Lee、Wrangler、Helly Hansen等国际知名服饰品牌，面向全球市场销售各类服饰产品，在休闲服饰及户外功能服饰领域拥有广泛的消费者基础。
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。
KTB vs NET — 直观对比
营收规模更大
KTB
是对方的1.4倍
$614.5M
营收增速更快
NET
高出6.3%
27.3%
净利率更高
KTB
高出6.3%
-2.0%
自由现金流更多
NET
多$49.5M
$55.8M
两年增速更快
NET
近两年复合增速
14.2%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $853.2M | $614.5M |
| 净利润 | $36.9M | $-12.1M |
| 毛利率 | 41.3% | 73.6% |
| 营业利润率 | 7.5% | -8.0% |
| 净利率 | 4.3% | -2.0% |
| 营收同比 | 27.3% | 33.6% |
| 净利润同比 | -47.6% | 6.0% |
| 每股收益（稀释后） | $0.66 | $-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KTBNET
| Q4 25 | — | $614.5M | ||
| Q3 25 | $853.2M | $562.0M | ||
| Q2 25 | $658.3M | $512.3M | ||
| Q1 25 | $622.9M | $479.1M | ||
| Q4 24 | $699.3M | $459.9M | ||
| Q3 24 | $670.2M | $430.1M | ||
| Q2 24 | $606.9M | $401.0M | ||
| Q1 24 | $631.2M | $378.6M |
净利润KTBNET
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $36.9M | $-1.3M | ||
| Q2 25 | $73.9M | $-50.4M | ||
| Q1 25 | $42.9M | $-38.5M | ||
| Q4 24 | $64.0M | $-12.8M | ||
| Q3 24 | $70.5M | $-15.3M | ||
| Q2 24 | $51.8M | $-15.1M | ||
| Q1 24 | $59.5M | $-35.5M |
毛利率KTBNET
| Q4 25 | — | 73.6% | ||
| Q3 25 | 41.3% | 74.0% | ||
| Q2 25 | 46.3% | 74.9% | ||
| Q1 25 | 47.5% | 75.9% | ||
| Q4 24 | 43.7% | 76.4% | ||
| Q3 24 | 44.7% | 77.7% | ||
| Q2 24 | 44.7% | 77.8% | ||
| Q1 24 | 45.2% | 77.5% |
营业利润率KTBNET
| Q4 25 | — | -8.0% | ||
| Q3 25 | 7.5% | -6.7% | ||
| Q2 25 | 11.9% | -13.1% | ||
| Q1 25 | 11.8% | -11.1% | ||
| Q4 24 | 12.1% | -7.5% | ||
| Q3 24 | 14.7% | -7.2% | ||
| Q2 24 | 12.4% | -8.7% | ||
| Q1 24 | 13.4% | -14.4% |
净利率KTBNET
| Q4 25 | — | -2.0% | ||
| Q3 25 | 4.3% | -0.2% | ||
| Q2 25 | 11.2% | -9.8% | ||
| Q1 25 | 6.9% | -8.0% | ||
| Q4 24 | 9.1% | -2.8% | ||
| Q3 24 | 10.5% | -3.6% | ||
| Q2 24 | 8.5% | -3.8% | ||
| Q1 24 | 9.4% | -9.4% |
每股收益（稀释后）KTBNET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.66 | $0.00 | ||
| Q2 25 | $1.32 | $-0.15 | ||
| Q1 25 | $0.76 | $-0.11 | ||
| Q4 24 | $1.13 | $-0.05 | ||
| Q3 24 | $1.26 | $-0.04 | ||
| Q2 24 | $0.92 | $-0.04 | ||
| Q1 24 | $1.05 | $-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 | $82.4M | $943.5M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $529.6M | $1.5B |
| 总资产 | $2.9B | $6.0B |
| 负债/权益比越低杠杆越低 | 2.53× | — |
8季度趋势，按日历期对齐
现金及短期投资KTBNET
| Q4 25 | — | $943.5M | ||
| Q3 25 | $82.4M | $1.1B | ||
| Q2 25 | $107.5M | $1.5B | ||
| Q1 25 | $356.7M | $204.5M | ||
| Q4 24 | $334.1M | $147.7M | ||
| Q3 24 | $269.4M | $182.9M | ||
| Q2 24 | $224.3M | $157.0M | ||
| Q1 24 | $215.1M | $254.4M |
总债务KTBNET
| Q4 25 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $735.6M | — | ||
| Q4 24 | $740.3M | — | ||
| Q3 24 | $745.0M | — | ||
| Q2 24 | $749.7M | — | ||
| Q1 24 | $779.2M | — |
股东权益KTBNET
| Q4 25 | — | $1.5B | ||
| Q3 25 | $529.6M | $1.3B | ||
| Q2 25 | $498.3M | $1.2B | ||
| Q1 25 | $426.7M | $1.4B | ||
| Q4 24 | $400.1M | $1.0B | ||
| Q3 24 | $356.9M | $973.1M | ||
| Q2 24 | $367.2M | $881.5M | ||
| Q1 24 | $387.2M | $797.2M |
总资产KTBNET
| Q4 25 | — | $6.0B | ||
| Q3 25 | $2.9B | $5.8B | ||
| Q2 25 | $2.7B | $5.6B | ||
| Q1 25 | $1.7B | $3.7B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $1.7B | $3.1B | ||
| Q2 24 | $1.6B | $2.9B | ||
| Q1 24 | $1.7B | $2.8B |
负债/权益比KTBNET
| Q4 25 | — | — | ||
| Q3 25 | 2.53× | — | ||
| Q2 25 | 2.74× | — | ||
| Q1 25 | 1.72× | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | 2.09× | — | ||
| Q2 24 | 2.04× | — | ||
| Q1 24 | 2.01× | — |
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 | $64.1M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $105.2M |
| 自由现金流率自由现金流/营收 | 6.5% | 17.1% |
| 资本支出强度资本支出/营收 | 1.0% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.74× | — |
| 过去12个月自由现金流最近4个季度 | $228.0M | $287.5M |
8季度趋势，按日历期对齐
经营现金流KTBNET
| Q4 25 | — | $190.4M | ||
| Q3 25 | $64.1M | $167.1M | ||
| Q2 25 | $25.7M | $99.8M | ||
| Q1 25 | $77.6M | $145.8M | ||
| Q4 24 | $82.0M | $127.3M | ||
| Q3 24 | $133.6M | $104.7M | ||
| Q2 24 | $96.2M | $74.8M | ||
| Q1 24 | $56.5M | $73.6M |
自由现金流KTBNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | $55.8M | $82.5M | ||
| Q2 25 | $22.4M | $39.9M | ||
| Q1 25 | $74.9M | $59.9M | ||
| Q4 24 | $75.0M | $54.2M | ||
| Q3 24 | $129.9M | $54.5M | ||
| Q2 24 | $92.6M | $45.2M | ||
| Q1 24 | $52.0M | $41.5M |
自由现金流率KTBNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | 6.5% | 14.7% | ||
| Q2 25 | 3.4% | 7.8% | ||
| Q1 25 | 12.0% | 12.5% | ||
| Q4 24 | 10.7% | 11.8% | ||
| Q3 24 | 19.4% | 12.7% | ||
| Q2 24 | 15.3% | 11.3% | ||
| Q1 24 | 8.2% | 11.0% |
资本支出强度KTBNET
| Q4 25 | — | 13.9% | ||
| Q3 25 | 1.0% | 15.1% | ||
| Q2 25 | 0.5% | 11.7% | ||
| Q1 25 | 0.4% | 17.9% | ||
| Q4 24 | 1.0% | 15.9% | ||
| Q3 24 | 0.6% | 11.7% | ||
| Q2 24 | 0.6% | 7.4% | ||
| Q1 24 | 0.7% | 8.5% |
现金转化率KTBNET
| Q4 25 | — | — | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 1.81× | — | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 0.95× | — |
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
KTB
| International Member | $292.0M | 34% |
| CTC Triangle B.V | $192.7M | 23% |
| Lee Segment | $186.7M | 22% |
| Helly Hansen Segment | $185.9M | 22% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
