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Lucid Group, Inc.（LCID）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Lucid Group, Inc.的1.2倍（$614.5M vs $522.7M），Cloudflare, Inc.净利率更高（-2.0% vs -155.7%，领先153.8%），Lucid Group, Inc.同比增速更快（122.9% vs 33.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-1.2B），过去两年Lucid Group, Inc.的营收复合增速更高（74.0% vs 27.4%）
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
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。
LCID vs NET — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $522.7M | $614.5M |
| 净利润 | $-814.0M | $-12.1M |
| 毛利率 | -80.7% | 73.6% |
| 营业利润率 | -203.7% | -8.0% |
| 净利率 | -155.7% | -2.0% |
| 营收同比 | 122.9% | 33.6% |
| 净利润同比 | -104.9% | 6.0% |
| 每股收益（稀释后） | $-8.26 | $-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
| Q4 25 | $522.7M | $614.5M | ||
| Q3 25 | $336.6M | $562.0M | ||
| Q2 25 | $259.4M | $512.3M | ||
| Q1 25 | $235.0M | $479.1M | ||
| Q4 24 | $234.5M | $459.9M | ||
| Q3 24 | $200.0M | $430.1M | ||
| Q2 24 | $200.6M | $401.0M | ||
| Q1 24 | $172.7M | $378.6M |
| Q4 25 | $-814.0M | $-12.1M | ||
| Q3 25 | $-978.4M | $-1.3M | ||
| Q2 25 | $-539.4M | $-50.4M | ||
| Q1 25 | $-366.2M | $-38.5M | ||
| Q4 24 | $-397.2M | $-12.8M | ||
| Q3 24 | $-992.5M | $-15.3M | ||
| Q2 24 | $-643.4M | $-15.1M | ||
| Q1 24 | $-680.9M | $-35.5M |
| Q4 25 | -80.7% | 73.6% | ||
| Q3 25 | -99.1% | 74.0% | ||
| Q2 25 | -105.0% | 74.9% | ||
| Q1 25 | -97.2% | 75.9% | ||
| Q4 24 | -89.0% | 76.4% | ||
| Q3 24 | -106.2% | 77.7% | ||
| Q2 24 | -134.5% | 77.8% | ||
| Q1 24 | -134.3% | 77.5% |
| Q4 25 | -203.7% | -8.0% | ||
| Q3 25 | -279.9% | -6.7% | ||
| Q2 25 | -309.5% | -13.1% | ||
| Q1 25 | -294.4% | -11.1% | ||
| Q4 24 | -312.6% | -7.5% | ||
| Q3 24 | -385.2% | -7.2% | ||
| Q2 24 | -392.6% | -8.7% | ||
| Q1 24 | -422.6% | -14.4% |
| Q4 25 | -155.7% | -2.0% | ||
| Q3 25 | -290.7% | -0.2% | ||
| Q2 25 | -207.9% | -9.8% | ||
| Q1 25 | -155.8% | -8.0% | ||
| Q4 24 | -169.4% | -2.8% | ||
| Q3 24 | -496.1% | -3.6% | ||
| Q2 24 | -320.8% | -3.8% | ||
| Q1 24 | -394.2% | -9.4% |
| Q4 25 | $-8.26 | $-0.03 | ||
| Q3 25 | $-3.31 | $0.00 | ||
| Q2 25 | $-0.28 | $-0.15 | ||
| Q1 25 | $-0.24 | $-0.11 | ||
| Q4 24 | $-0.20 | $-0.05 | ||
| Q3 24 | $-0.41 | $-0.04 | ||
| Q2 24 | $-0.34 | $-0.04 | ||
| Q1 24 | $-0.30 | $-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 | $1.6B | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $717.3M | $1.5B |
| 总资产 | $8.4B | $6.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $1.6B | $943.5M | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $2.8B | $1.5B | ||
| Q1 25 | $3.6B | $204.5M | ||
| Q4 24 | $4.0B | $147.7M | ||
| Q3 24 | $3.5B | $182.9M | ||
| Q2 24 | $3.2B | $157.0M | ||
| Q1 24 | $4.0B | $254.4M |
| Q4 25 | $717.3M | $1.5B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $3.2B | $1.4B | ||
| Q4 24 | $3.9B | $1.0B | ||
| Q3 24 | $2.7B | $973.1M | ||
| Q2 24 | $3.5B | $881.5M | ||
| Q1 24 | $4.2B | $797.2M |
| Q4 25 | $8.4B | $6.0B | ||
| Q3 25 | $8.8B | $5.8B | ||
| Q2 25 | $8.9B | $5.6B | ||
| Q1 25 | $9.2B | $3.7B | ||
| Q4 24 | $9.6B | $3.3B | ||
| Q3 24 | $8.5B | $3.1B | ||
| Q2 24 | $8.2B | $2.9B | ||
| Q1 24 | $8.9B | $2.8B |
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 | $-916.4M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $105.2M |
| 自由现金流率自由现金流/营收 | -237.6% | 17.1% |
| 资本支出强度资本支出/营收 | 62.3% | 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 | $-3.8B | $287.5M |
8季度趋势，按日历期对齐
| Q4 25 | $-916.4M | $190.4M | ||
| Q3 25 | $-756.6M | $167.1M | ||
| Q2 25 | $-830.2M | $99.8M | ||
| Q1 25 | $-428.6M | $145.8M | ||
| Q4 24 | $-533.1M | $127.3M | ||
| Q3 24 | $-462.8M | $104.7M | ||
| Q2 24 | $-507.0M | $74.8M | ||
| Q1 24 | $-516.7M | $73.6M |
| Q4 25 | $-1.2B | $105.2M | ||
| Q3 25 | $-955.5M | $82.5M | ||
| Q2 25 | $-1.0B | $39.9M | ||
| Q1 25 | $-589.9M | $59.9M | ||
| Q4 24 | $-824.8M | $54.2M | ||
| Q3 24 | $-622.5M | $54.5M | ||
| Q2 24 | $-741.3M | $45.2M | ||
| Q1 24 | $-714.9M | $41.5M |
| Q4 25 | -237.6% | 17.1% | ||
| Q3 25 | -283.9% | 14.7% | ||
| Q2 25 | -390.4% | 7.8% | ||
| Q1 25 | -251.0% | 12.5% | ||
| Q4 24 | -351.8% | 11.8% | ||
| Q3 24 | -311.2% | 12.7% | ||
| Q2 24 | -369.6% | 11.3% | ||
| Q1 24 | -413.9% | 11.0% |
| Q4 25 | 62.3% | 13.9% | ||
| Q3 25 | 59.1% | 15.1% | ||
| Q2 25 | 70.4% | 11.7% | ||
| Q1 25 | 68.6% | 17.9% | ||
| Q4 24 | 124.4% | 15.9% | ||
| Q3 24 | 79.8% | 11.7% | ||
| Q2 24 | 116.8% | 7.4% | ||
| Q1 24 | 114.7% | 8.5% |
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
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
