vs
loanDepot, Inc.（LDI）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loanDepot, Inc.的2.0倍（$614.5M vs $310.3M），Cloudflare, Inc.净利率更高（-2.0% vs -7.2%，领先5.3%），Cloudflare, Inc.同比增速更快（33.6% vs 20.5%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-648.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 18.0%）
loanDepot, Inc.是一家总部位于美国加利福尼亚州欧文市的非银行控股公司，主营抵押贷款及其他非抵押类贷款产品的销售业务，是美国市场上颇具规模的消费信贷服务提供商。
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。
LDI vs NET — 直观对比
营收规模更大
NET
是对方的2.0倍
$310.3M
营收增速更快
NET
高出13.1%
20.5%
净利率更高
NET
高出5.3%
-7.2%
自由现金流更多
NET
多$753.2M
$-648.0M
两年增速更快
NET
近两年复合增速
18.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $310.3M | $614.5M |
| 净利润 | $-22.5M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | -10.3% | -8.0% |
| 净利率 | -7.2% | -2.0% |
| 营收同比 | 20.5% | 33.6% |
| 净利润同比 | 32.4% | 6.0% |
| 每股收益（稀释后） | — | $-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LDINET
| Q4 25 | $310.3M | $614.5M | ||
| Q3 25 | $323.3M | $562.0M | ||
| Q2 25 | $282.5M | $512.3M | ||
| Q1 25 | $273.6M | $479.1M | ||
| Q4 24 | $257.5M | $459.9M | ||
| Q3 24 | $314.6M | $430.1M | ||
| Q2 24 | $265.4M | $401.0M | ||
| Q1 24 | $222.8M | $378.6M |
净利润LDINET
| Q4 25 | $-22.5M | $-12.1M | ||
| Q3 25 | $-4.9M | $-1.3M | ||
| Q2 25 | $-13.4M | $-50.4M | ||
| Q1 25 | $-21.9M | $-38.5M | ||
| Q4 24 | $-33.2M | $-12.8M | ||
| Q3 24 | $1.4M | $-15.3M | ||
| Q2 24 | $-32.2M | $-15.1M | ||
| Q1 24 | $-34.3M | $-35.5M |
毛利率LDINET
| 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LDINET
| Q4 25 | -10.3% | -8.0% | ||
| Q3 25 | -3.2% | -6.7% | ||
| Q2 25 | -11.4% | -13.1% | ||
| Q1 25 | -16.8% | -11.1% | ||
| Q4 24 | -32.7% | -7.5% | ||
| Q3 24 | 1.1% | -7.2% | ||
| Q2 24 | -29.1% | -8.7% | ||
| Q1 24 | -38.2% | -14.4% |
净利率LDINET
| Q4 25 | -7.2% | -2.0% | ||
| Q3 25 | -1.5% | -0.2% | ||
| Q2 25 | -4.7% | -9.8% | ||
| Q1 25 | -8.0% | -8.0% | ||
| Q4 24 | -12.9% | -2.8% | ||
| Q3 24 | 0.4% | -3.6% | ||
| Q2 24 | -12.1% | -3.8% | ||
| Q1 24 | -15.4% | -9.4% |
每股收益（稀释后）LDINET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | $0.01 | $-0.04 | ||
| Q2 24 | $-0.18 | $-0.04 | ||
| Q1 24 | $-0.19 | $-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 | $337.2M | $943.5M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $386.0M | $1.5B |
| 总资产 | $6.9B | $6.0B |
| 负债/权益比越低杠杆越低 | 5.44× | — |
8季度趋势，按日历期对齐
现金及短期投资LDINET
| Q4 25 | $337.2M | $943.5M | ||
| Q3 25 | $459.2M | $1.1B | ||
| Q2 25 | $408.6M | $1.5B | ||
| Q1 25 | $371.5M | $204.5M | ||
| Q4 24 | $421.6M | $147.7M | ||
| Q3 24 | $483.0M | $182.9M | ||
| Q2 24 | $533.2M | $157.0M | ||
| Q1 24 | $603.7M | $254.4M |
总债务LDINET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.3B | — |
股东权益LDINET
| Q4 25 | $386.0M | $1.5B | ||
| Q3 25 | $433.3M | $1.3B | ||
| Q2 25 | $439.1M | $1.2B | ||
| Q1 25 | $469.3M | $1.4B | ||
| Q4 24 | $506.6M | $1.0B | ||
| Q3 24 | $592.0M | $973.1M | ||
| Q2 24 | $578.9M | $881.5M | ||
| Q1 24 | $637.3M | $797.2M |
总资产LDINET
| Q4 25 | $6.9B | $6.0B | ||
| Q3 25 | $6.2B | $5.8B | ||
| Q2 25 | $6.2B | $5.6B | ||
| Q1 25 | $6.4B | $3.7B | ||
| Q4 24 | $6.3B | $3.3B | ||
| Q3 24 | $6.4B | $3.1B | ||
| Q2 24 | $5.9B | $2.9B | ||
| Q1 24 | $6.2B | $2.8B |
负债/权益比LDINET
| Q4 25 | 5.44× | — | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 3.41× | — | ||
| Q1 24 | 3.63× | — |
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 | $-638.7M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-648.0M | $105.2M |
| 自由现金流率自由现金流/营收 | -208.9% | 17.1% |
| 资本支出强度资本支出/营收 | 3.0% | 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 | $-734.6M | $287.5M |
8季度趋势，按日历期对齐
经营现金流LDINET
| Q4 25 | $-638.7M | $190.4M | ||
| Q3 25 | $43.4M | $167.1M | ||
| Q2 25 | $67.6M | $99.8M | ||
| Q1 25 | $-179.9M | $145.8M | ||
| Q4 24 | $47.7M | $127.3M | ||
| Q3 24 | $-349.2M | $104.7M | ||
| Q2 24 | $-278.3M | $74.8M | ||
| Q1 24 | $-278.5M | $73.6M |
自由现金流LDINET
| Q4 25 | $-648.0M | $105.2M | ||
| Q3 25 | $38.7M | $82.5M | ||
| Q2 25 | $61.4M | $39.9M | ||
| Q1 25 | $-186.7M | $59.9M | ||
| Q4 24 | $40.8M | $54.2M | ||
| Q3 24 | $-356.4M | $54.5M | ||
| Q2 24 | $-285.7M | $45.2M | ||
| Q1 24 | $-283.3M | $41.5M |
自由现金流率LDINET
| Q4 25 | -208.9% | 17.1% | ||
| Q3 25 | 12.0% | 14.7% | ||
| Q2 25 | 21.7% | 7.8% | ||
| Q1 25 | -68.2% | 12.5% | ||
| Q4 24 | 15.8% | 11.8% | ||
| Q3 24 | -113.3% | 12.7% | ||
| Q2 24 | -107.7% | 11.3% | ||
| Q1 24 | -127.2% | 11.0% |
资本支出强度LDINET
| Q4 25 | 3.0% | 13.9% | ||
| Q3 25 | 1.5% | 15.1% | ||
| Q2 25 | 2.2% | 11.7% | ||
| Q1 25 | 2.5% | 17.9% | ||
| Q4 24 | 2.7% | 15.9% | ||
| Q3 24 | 2.3% | 11.7% | ||
| Q2 24 | 2.8% | 7.4% | ||
| Q1 24 | 2.1% | 8.5% |
现金转化率LDINET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -255.05× | — | ||
| 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
LDI
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
