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力特（LFUS）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.的季度营收约是力特的1.0倍（$614.5M vs $593.9M），Cloudflare, Inc.净利率更高（-2.0% vs -40.8%，领先38.8%），Cloudflare, Inc.同比增速更快（33.6% vs 12.2%），力特自由现金流更多（$119.7M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 5.3%）
力特是全球领先的电路保护、传感及控制组件制造商，主营保险丝、半导体保护器件、功率开关、传感器、断路器等产品，服务汽车、工业电子、消费电子、通信及可再生能源等领域，为全球客户提供提升设备安全可靠性的解决方案。
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。
LFUS vs NET — 直观对比
营收规模更大
NET
是对方的1.0倍
$593.9M
营收增速更快
NET
高出21.4%
12.2%
净利率更高
NET
高出38.8%
-40.8%
自由现金流更多
LFUS
多$14.5M
$105.2M
两年增速更快
NET
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $593.9M | $614.5M |
| 净利润 | $-242.1M | $-12.1M |
| 毛利率 | 38.0% | 73.6% |
| 营业利润率 | -37.5% | -8.0% |
| 净利率 | -40.8% | -2.0% |
| 营收同比 | 12.2% | 33.6% |
| 净利润同比 | -367.6% | 6.0% |
| 每股收益（稀释后） | $-9.71 | $-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LFUSNET
| Q4 25 | $593.9M | $614.5M | ||
| Q3 25 | $624.6M | $562.0M | ||
| Q2 25 | $613.4M | $512.3M | ||
| Q1 25 | $554.3M | $479.1M | ||
| Q4 24 | $529.5M | $459.9M | ||
| Q3 24 | $567.4M | $430.1M | ||
| Q2 24 | $558.5M | $401.0M | ||
| Q1 24 | $535.4M | $378.6M |
净利润LFUSNET
| Q4 25 | $-242.1M | $-12.1M | ||
| Q3 25 | $69.5M | $-1.3M | ||
| Q2 25 | $57.3M | $-50.4M | ||
| Q1 25 | $43.6M | $-38.5M | ||
| Q4 24 | $-51.8M | $-12.8M | ||
| Q3 24 | $58.1M | $-15.3M | ||
| Q2 24 | $45.5M | $-15.1M | ||
| Q1 24 | $48.5M | $-35.5M |
毛利率LFUSNET
| Q4 25 | 38.0% | 73.6% | ||
| Q3 25 | 38.6% | 74.0% | ||
| Q2 25 | 37.8% | 74.9% | ||
| Q1 25 | 37.4% | 75.9% | ||
| Q4 24 | 33.4% | 76.4% | ||
| Q3 24 | 38.1% | 77.7% | ||
| Q2 24 | 37.1% | 77.8% | ||
| Q1 24 | 35.1% | 77.5% |
营业利润率LFUSNET
| Q4 25 | -37.5% | -8.0% | ||
| Q3 25 | 15.6% | -6.7% | ||
| Q2 25 | 15.1% | -13.1% | ||
| Q1 25 | 12.7% | -11.1% | ||
| Q4 24 | -9.3% | -7.5% | ||
| Q3 24 | 15.5% | -7.2% | ||
| Q2 24 | 11.7% | -8.7% | ||
| Q1 24 | 10.3% | -14.4% |
净利率LFUSNET
| Q4 25 | -40.8% | -2.0% | ||
| Q3 25 | 11.1% | -0.2% | ||
| Q2 25 | 9.3% | -9.8% | ||
| Q1 25 | 7.9% | -8.0% | ||
| Q4 24 | -9.8% | -2.8% | ||
| Q3 24 | 10.2% | -3.6% | ||
| Q2 24 | 8.1% | -3.8% | ||
| Q1 24 | 9.0% | -9.4% |
每股收益（稀释后）LFUSNET
| Q4 25 | $-9.71 | $-0.03 | ||
| Q3 25 | $2.77 | $0.00 | ||
| Q2 25 | $2.30 | $-0.15 | ||
| Q1 25 | $1.75 | $-0.11 | ||
| Q4 24 | $-2.07 | $-0.05 | ||
| Q3 24 | $2.32 | $-0.04 | ||
| Q2 24 | $1.82 | $-0.04 | ||
| Q1 24 | $1.93 | $-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 | $563.7M | $943.5M |
| 总债务越低越好 | $802.6M | — |
| 股东权益账面价值 | $2.4B | $1.5B |
| 总资产 | $4.0B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资LFUSNET
| Q4 25 | $563.7M | $943.5M | ||
| Q3 25 | $815.0M | $1.1B | ||
| Q2 25 | $685.5M | $1.5B | ||
| Q1 25 | $619.7M | $204.5M | ||
| Q4 24 | $725.9M | $147.7M | ||
| Q3 24 | $630.7M | $182.9M | ||
| Q2 24 | $562.7M | $157.0M | ||
| Q1 24 | $562.4M | $254.4M |
总债务LFUSNET
| Q4 25 | $802.6M | — | ||
| Q3 25 | $805.8M | — | ||
| Q2 25 | $810.2M | — | ||
| Q1 25 | $805.7M | — | ||
| Q4 24 | $856.1M | — | ||
| Q3 24 | $867.7M | — | ||
| Q2 24 | $863.5M | — | ||
| Q1 24 | $866.7M | — |
股东权益LFUSNET
| Q4 25 | $2.4B | $1.5B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.4B | $1.0B | ||
| Q3 24 | $2.6B | $973.1M | ||
| Q2 24 | $2.5B | $881.5M | ||
| Q1 24 | $2.5B | $797.2M |
总资产LFUSNET
| Q4 25 | $4.0B | $6.0B | ||
| Q3 25 | $4.2B | $5.8B | ||
| Q2 25 | $4.1B | $5.6B | ||
| Q1 25 | $3.9B | $3.7B | ||
| Q4 24 | $3.9B | $3.3B | ||
| Q3 24 | $4.1B | $3.1B | ||
| Q2 24 | $3.9B | $2.9B | ||
| Q1 24 | $3.9B | $2.8B |
负债/权益比LFUSNET
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.35× | — |
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 | $138.7M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $119.7M | $105.2M |
| 自由现金流率自由现金流/营收 | 20.2% | 17.1% |
| 资本支出强度资本支出/营收 | 3.2% | 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 | $366.1M | $287.5M |
8季度趋势，按日历期对齐
经营现金流LFUSNET
| Q4 25 | $138.7M | $190.4M | ||
| Q3 25 | $146.9M | $167.1M | ||
| Q2 25 | $82.5M | $99.8M | ||
| Q1 25 | $65.8M | $145.8M | ||
| Q4 24 | $160.6M | $127.3M | ||
| Q3 24 | $80.4M | $104.7M | ||
| Q2 24 | $69.4M | $74.8M | ||
| Q1 24 | $57.1M | $73.6M |
自由现金流LFUSNET
| Q4 25 | $119.7M | $105.2M | ||
| Q3 25 | $131.2M | $82.5M | ||
| Q2 25 | $72.6M | $39.9M | ||
| Q1 25 | $42.7M | $59.9M | ||
| Q4 24 | $134.8M | $54.2M | ||
| Q3 24 | $65.0M | $54.5M | ||
| Q2 24 | $50.3M | $45.2M | ||
| Q1 24 | $41.6M | $41.5M |
自由现金流率LFUSNET
| Q4 25 | 20.2% | 17.1% | ||
| Q3 25 | 21.0% | 14.7% | ||
| Q2 25 | 11.8% | 7.8% | ||
| Q1 25 | 7.7% | 12.5% | ||
| Q4 24 | 25.5% | 11.8% | ||
| Q3 24 | 11.5% | 12.7% | ||
| Q2 24 | 9.0% | 11.3% | ||
| Q1 24 | 7.8% | 11.0% |
资本支出强度LFUSNET
| Q4 25 | 3.2% | 13.9% | ||
| Q3 25 | 2.5% | 15.1% | ||
| Q2 25 | 1.6% | 11.7% | ||
| Q1 25 | 4.2% | 17.9% | ||
| Q4 24 | 4.9% | 15.9% | ||
| Q3 24 | 2.7% | 11.7% | ||
| Q2 24 | 3.4% | 7.4% | ||
| Q1 24 | 2.9% | 8.5% |
现金转化率LFUSNET
| Q4 25 | — | — | ||
| Q3 25 | 2.11× | — | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.18× | — |
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
LFUS
| Electronics Passive Products And Sensors | $174.9M | 29% |
| Electronics Semiconductor | $170.3M | 29% |
| Industrial Products | $85.0M | 14% |
| Commercial Vehicle Products | $76.2M | 13% |
| Passenger Car Products | $72.8M | 12% |
| Automotive Sensors | $14.7M | 2% |
| Dortmund Fab | $12.5M | 2% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
