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LANDS' END, INC.（LE）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LANDS' END, INC.的1.9倍（$614.5M vs $317.5M），LANDS' END, INC.净利率更高（1.6% vs -2.0%，领先3.6%），Cloudflare, Inc.同比增速更快（33.6% vs 0.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-22.4M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -0.9%）
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
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。
LE vs NET — 直观对比
营收规模更大
NET
是对方的1.9倍
$317.5M
营收增速更快
NET
高出33.5%
0.1%
净利率更高
LE
高出3.6%
-2.0%
自由现金流更多
NET
多$127.7M
$-22.4M
两年增速更快
NET
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $614.5M |
| 净利润 | $5.2M | $-12.1M |
| 毛利率 | 51.8% | 73.6% |
| 营业利润率 | 5.3% | -8.0% |
| 净利率 | 1.6% | -2.0% |
| 营收同比 | 0.1% | 33.6% |
| 净利润同比 | 198.3% | 6.0% |
| 每股收益（稀释后） | $0.17 | $-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LENET
| Q4 25 | $317.5M | $614.5M | ||
| Q3 25 | — | $562.0M | ||
| Q2 25 | $261.2M | $512.3M | ||
| Q1 25 | — | $479.1M | ||
| Q4 24 | $318.6M | $459.9M | ||
| Q3 24 | $317.2M | $430.1M | ||
| Q2 24 | $285.5M | $401.0M | ||
| Q1 24 | $514.9M | $378.6M |
净利润LENET
| Q4 25 | $5.2M | $-12.1M | ||
| Q3 25 | — | $-1.3M | ||
| Q2 25 | $-8.3M | $-50.4M | ||
| Q1 25 | — | $-38.5M | ||
| Q4 24 | $-593.0K | $-12.8M | ||
| Q3 24 | $-5.3M | $-15.3M | ||
| Q2 24 | $-6.4M | $-15.1M | ||
| Q1 24 | $-8.6M | $-35.5M |
毛利率LENET
| Q4 25 | 51.8% | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | 50.8% | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | 50.6% | 76.4% | ||
| Q3 24 | 47.9% | 77.7% | ||
| Q2 24 | 48.7% | 77.8% | ||
| Q1 24 | 38.0% | 77.5% |
营业利润率LENET
| Q4 25 | 5.3% | -8.0% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | -0.9% | -13.1% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | 2.9% | -7.5% | ||
| Q3 24 | 0.8% | -7.2% | ||
| Q2 24 | 0.8% | -8.7% | ||
| Q1 24 | 1.6% | -14.4% |
净利率LENET
| Q4 25 | 1.6% | -2.0% | ||
| Q3 25 | — | -0.2% | ||
| Q2 25 | -3.2% | -9.8% | ||
| Q1 25 | — | -8.0% | ||
| Q4 24 | -0.2% | -2.8% | ||
| Q3 24 | -1.7% | -3.6% | ||
| Q2 24 | -2.3% | -3.8% | ||
| Q1 24 | -1.7% | -9.4% |
每股收益（稀释后）LENET
| Q4 25 | $0.17 | $-0.03 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | $-0.27 | $-0.15 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | $-0.02 | $-0.05 | ||
| Q3 24 | $-0.17 | $-0.04 | ||
| Q2 24 | $-0.20 | $-0.04 | ||
| Q1 24 | $-0.27 | $-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 | $36.3M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $231.0M | $1.5B |
| 总资产 | $852.7M | $6.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LENET
| Q4 25 | $36.3M | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $18.1M | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | $30.4M | $147.7M | ||
| Q3 24 | $25.6M | $182.9M | ||
| Q2 24 | $27.4M | $157.0M | ||
| Q1 24 | $25.3M | $254.4M |
股东权益LENET
| Q4 25 | $231.0M | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $230.1M | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $223.6M | $1.0B | ||
| Q3 24 | $226.5M | $973.1M | ||
| Q2 24 | $234.6M | $881.5M | ||
| Q1 24 | $241.6M | $797.2M |
总资产LENET
| Q4 25 | $852.7M | $6.0B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | $760.5M | $5.6B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $843.6M | $3.3B | ||
| Q3 24 | $802.5M | $3.1B | ||
| Q2 24 | $800.1M | $2.9B | ||
| Q1 24 | $811.5M | $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 | $-15.7M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | $105.2M |
| 自由现金流率自由现金流/营收 | -7.1% | 17.1% |
| 资本支出强度资本支出/营收 | 2.1% | 13.9% |
| 现金转化率经营现金流/净利润 | -3.03× | — |
| 过去12个月自由现金流最近4个季度 | $-55.0M | $287.5M |
8季度趋势，按日历期对齐
经营现金流LENET
| Q4 25 | $-15.7M | $190.4M | ||
| Q3 25 | — | $167.1M | ||
| Q2 25 | $-22.5M | $99.8M | ||
| Q1 25 | — | $145.8M | ||
| Q4 24 | $-17.1M | $127.3M | ||
| Q3 24 | $30.7M | $104.7M | ||
| Q2 24 | $-25.8M | $74.8M | ||
| Q1 24 | $93.9M | $73.6M |
自由现金流LENET
| Q4 25 | $-22.4M | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | $-30.7M | $39.9M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | $-27.8M | $54.2M | ||
| Q3 24 | $26.0M | $54.5M | ||
| Q2 24 | $-32.6M | $45.2M | ||
| Q1 24 | $87.5M | $41.5M |
自由现金流率LENET
| Q4 25 | -7.1% | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | -11.8% | 7.8% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | -8.7% | 11.8% | ||
| Q3 24 | 8.2% | 12.7% | ||
| Q2 24 | -11.4% | 11.3% | ||
| Q1 24 | 17.0% | 11.0% |
资本支出强度LENET
| Q4 25 | 2.1% | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | 3.2% | 11.7% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | 3.3% | 15.9% | ||
| Q3 24 | 1.5% | 11.7% | ||
| Q2 24 | 2.4% | 7.4% | ||
| Q1 24 | 1.2% | 8.5% |
现金转化率LENET
| Q4 25 | -3.03× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
