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Liberty Energy Inc.（LBRT）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Liberty Energy Inc.的季度营收约是Cloudflare, Inc.的1.7倍（$1.0B vs $614.5M），Liberty Energy Inc.净利率更高（2.2% vs -2.0%，领先4.2%），Cloudflare, Inc.同比增速更快（33.6% vs 4.5%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -6.2%）
Liberty Energy Inc.是北美领先的能源服务供应商，专注为油气运营企业提供水力压裂及完井解决方案，服务覆盖美国主要页岩产区，供应低排放作业设备及定制化支持，帮助提升油气井生产效率。
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。
LBRT vs NET — 直观对比
营收规模更大
LBRT
是对方的1.7倍
$614.5M
营收增速更快
NET
高出29.1%
4.5%
净利率更高
LBRT
高出4.2%
-2.0%
两年增速更快
NET
近两年复合增速
-6.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $614.5M |
| 净利润 | $22.6M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 2.2% | -8.0% |
| 净利率 | 2.2% | -2.0% |
| 营收同比 | 4.5% | 33.6% |
| 净利润同比 | — | 6.0% |
| 每股收益（稀释后） | $0.14 | $-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LBRTNET
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $614.5M | ||
| Q3 25 | $947.4M | $562.0M | ||
| Q2 25 | $1.0B | $512.3M | ||
| Q1 25 | $977.5M | $479.1M | ||
| Q4 24 | $943.6M | $459.9M | ||
| Q3 24 | $1.1B | $430.1M | ||
| Q2 24 | $1.2B | $401.0M |
净利润LBRTNET
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $-12.1M | ||
| Q3 25 | $43.1M | $-1.3M | ||
| Q2 25 | $71.0M | $-50.4M | ||
| Q1 25 | $20.1M | $-38.5M | ||
| Q4 24 | $51.9M | $-12.8M | ||
| Q3 24 | $73.8M | $-15.3M | ||
| Q2 24 | $108.4M | $-15.1M |
毛利率LBRTNET
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 73.6% | ||
| Q3 25 | 18.7% | 74.0% | ||
| Q2 25 | 22.1% | 74.9% | ||
| Q1 25 | 22.1% | 75.9% | ||
| Q4 24 | 21.4% | 76.4% | ||
| Q3 24 | 26.2% | 77.7% | ||
| Q2 24 | 27.9% | 77.8% |
营业利润率LBRTNET
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | -8.0% | ||
| Q3 25 | -0.3% | -6.7% | ||
| Q2 25 | 3.6% | -13.1% | ||
| Q1 25 | 1.9% | -11.1% | ||
| Q4 24 | 2.6% | -7.5% | ||
| Q3 24 | 9.4% | -7.2% | ||
| Q2 24 | 12.2% | -8.7% |
净利率LBRTNET
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | -2.0% | ||
| Q3 25 | 4.5% | -0.2% | ||
| Q2 25 | 6.8% | -9.8% | ||
| Q1 25 | 2.1% | -8.0% | ||
| Q4 24 | 5.5% | -2.8% | ||
| Q3 24 | 6.5% | -3.6% | ||
| Q2 24 | 9.3% | -3.8% |
每股收益（稀释后）LBRTNET
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $-0.03 | ||
| Q3 25 | $0.26 | $0.00 | ||
| Q2 25 | $0.43 | $-0.15 | ||
| Q1 25 | $0.12 | $-0.11 | ||
| Q4 24 | $0.31 | $-0.05 | ||
| Q3 24 | $0.44 | $-0.04 | ||
| Q2 24 | $0.64 | $-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 | $699.1M | $943.5M |
| 总债务越低越好 | $7.1M | — |
| 股东权益账面价值 | $1.9B | $1.5B |
| 总资产 | $4.4B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRTNET
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $943.5M | ||
| Q3 25 | $13.5M | $1.1B | ||
| Q2 25 | $19.6M | $1.5B | ||
| Q1 25 | $24.1M | $204.5M | ||
| Q4 24 | $20.0M | $147.7M | ||
| Q3 24 | $23.0M | $182.9M | ||
| Q2 24 | $30.0M | $157.0M |
总债务LBRTNET
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LBRTNET
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $2.0B | $973.1M | ||
| Q2 24 | $1.9B | $881.5M |
总资产LBRTNET
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $6.0B | ||
| Q3 25 | $3.5B | $5.8B | ||
| Q2 25 | $3.4B | $5.6B | ||
| Q1 25 | $3.4B | $3.7B | ||
| Q4 24 | $3.3B | $3.3B | ||
| Q3 24 | $3.3B | $3.1B | ||
| Q2 24 | $3.2B | $2.9B |
负债/权益比LBRTNET
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $190.4M |
| 自由现金流经营现金流 - 资本支出 | — | $105.2M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | 13.1% | 13.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 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LBRTNET
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $190.4M | ||
| Q3 25 | $51.5M | $167.1M | ||
| Q2 25 | $170.6M | $99.8M | ||
| Q1 25 | $192.1M | $145.8M | ||
| Q4 24 | $177.3M | $127.3M | ||
| Q3 24 | $244.5M | $104.7M | ||
| Q2 24 | $248.2M | $74.8M |
自由现金流LBRTNET
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $105.2M | ||
| Q3 25 | $-67.2M | $82.5M | ||
| Q2 25 | $33.1M | $39.9M | ||
| Q1 25 | $58.2M | $59.9M | ||
| Q4 24 | $-26.2M | $54.2M | ||
| Q3 24 | $77.9M | $54.5M | ||
| Q2 24 | $112.2M | $45.2M |
自由现金流率LBRTNET
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 17.1% | ||
| Q3 25 | -7.1% | 14.7% | ||
| Q2 25 | 3.2% | 7.8% | ||
| Q1 25 | 6.0% | 12.5% | ||
| Q4 24 | -2.8% | 11.8% | ||
| Q3 24 | 6.8% | 12.7% | ||
| Q2 24 | 9.7% | 11.3% |
资本支出强度LBRTNET
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 13.9% | ||
| Q3 25 | 12.5% | 15.1% | ||
| Q2 25 | 13.2% | 11.7% | ||
| Q1 25 | 13.7% | 17.9% | ||
| Q4 24 | 21.6% | 15.9% | ||
| Q3 24 | 14.6% | 11.7% | ||
| Q2 24 | 11.7% | 7.4% |
现金转化率LBRTNET
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 2.40× | — | ||
| Q1 25 | 9.55× | — | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 2.29× | — |
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
LBRT
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
