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Liberty Latin America Ltd.（LILA）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 Latin America Ltd.的季度营收约是Cloudflare, Inc.的1.9倍（$1.2B vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -4.7%，领先2.8%），Cloudflare, Inc.同比增速更快（33.6% vs 1.7%），Liberty Latin America Ltd.自由现金流更多（$320.1M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 2.7%）
自由拉丁美洲有限公司是一家跨国电信运营商，由自由媒体国际业务板块与UnitedGlobalCom（UGC）于2005年合并而成，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛设有总部，旗下包含英国、荷兰等多地运营主体，相关业务覆盖电信服务领域。
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。
LILA vs NET — 直观对比
营收规模更大
LILA
是对方的1.9倍
$614.5M
营收增速更快
NET
高出31.9%
1.7%
净利率更高
NET
高出2.8%
-4.7%
自由现金流更多
LILA
多$214.9M
$105.2M
两年增速更快
NET
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $614.5M |
| 净利润 | $-54.8M | $-12.1M |
| 毛利率 | 77.3% | 73.6% |
| 营业利润率 | 10.8% | -8.0% |
| 净利率 | -4.7% | -2.0% |
| 营收同比 | 1.7% | 33.6% |
| 净利润同比 | 74.0% | 6.0% |
| 每股收益（稀释后） | $-0.27 | $-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LILANET
| Q4 25 | $1.2B | $614.5M | ||
| Q3 25 | $1.1B | $562.0M | ||
| Q2 25 | $1.1B | $512.3M | ||
| Q1 25 | $1.1B | $479.1M | ||
| Q4 24 | $1.1B | $459.9M | ||
| Q3 24 | $1.1B | $430.1M | ||
| Q2 24 | $1.1B | $401.0M | ||
| Q1 24 | $1.1B | $378.6M |
净利润LILANET
| Q4 25 | $-54.8M | $-12.1M | ||
| Q3 25 | $3.3M | $-1.3M | ||
| Q2 25 | $-423.3M | $-50.4M | ||
| Q1 25 | $-136.4M | $-38.5M | ||
| Q4 24 | $-210.4M | $-12.8M | ||
| Q3 24 | $-435.8M | $-15.3M | ||
| Q2 24 | $-42.7M | $-15.1M | ||
| Q1 24 | $-500.0K | $-35.5M |
毛利率LILANET
| Q4 25 | 77.3% | 73.6% | ||
| Q3 25 | 77.7% | 74.0% | ||
| Q2 25 | 78.6% | 74.9% | ||
| Q1 25 | 78.5% | 75.9% | ||
| Q4 24 | 76.1% | 76.4% | ||
| Q3 24 | 78.7% | 77.7% | ||
| Q2 24 | 78.1% | 77.8% | ||
| Q1 24 | 78.2% | 77.5% |
营业利润率LILANET
| Q4 25 | 10.8% | -8.0% | ||
| Q3 25 | 16.9% | -6.7% | ||
| Q2 25 | -30.6% | -13.1% | ||
| Q1 25 | 11.8% | -11.1% | ||
| Q4 24 | 8.7% | -7.5% | ||
| Q3 24 | -34.9% | -7.2% | ||
| Q2 24 | 9.9% | -8.7% | ||
| Q1 24 | 8.4% | -14.4% |
净利率LILANET
| Q4 25 | -4.7% | -2.0% | ||
| Q3 25 | 0.3% | -0.2% | ||
| Q2 25 | -39.0% | -9.8% | ||
| Q1 25 | -12.6% | -8.0% | ||
| Q4 24 | -18.5% | -2.8% | ||
| Q3 24 | -40.0% | -3.6% | ||
| Q2 24 | -3.8% | -3.8% | ||
| Q1 24 | -0.0% | -9.4% |
每股收益（稀释后）LILANET
| Q4 25 | $-0.27 | $-0.03 | ||
| Q3 25 | $0.02 | $0.00 | ||
| Q2 25 | $-2.12 | $-0.15 | ||
| Q1 25 | $-0.69 | $-0.11 | ||
| Q4 24 | $-1.03 | $-0.05 | ||
| Q3 24 | $-2.22 | $-0.04 | ||
| Q2 24 | $-0.22 | $-0.04 | ||
| Q1 24 | $0.00 | $-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 | $783.9M | $943.5M |
| 总债务越低越好 | $7.9B | — |
| 股东权益账面价值 | $555.6M | $1.5B |
| 总资产 | $12.2B | $6.0B |
| 负债/权益比越低杠杆越低 | 14.17× | — |
8季度趋势，按日历期对齐
现金及短期投资LILANET
| Q4 25 | $783.9M | $943.5M | ||
| Q3 25 | $596.7M | $1.1B | ||
| Q2 25 | $514.4M | $1.5B | ||
| Q1 25 | $575.5M | $204.5M | ||
| Q4 24 | $654.3M | $147.7M | ||
| Q3 24 | $588.6M | $182.9M | ||
| Q2 24 | $598.6M | $157.0M | ||
| Q1 24 | $668.5M | $254.4M |
总债务LILANET
| Q4 25 | $7.9B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | $7.6B | — | ||
| Q1 24 | $7.6B | — |
股东权益LILANET
| Q4 25 | $555.6M | $1.5B | ||
| Q3 25 | $628.9M | $1.3B | ||
| Q2 25 | $608.4M | $1.2B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.2B | $973.1M | ||
| Q2 24 | $1.7B | $881.5M | ||
| Q1 24 | $1.7B | $797.2M |
总资产LILANET
| Q4 25 | $12.2B | $6.0B | ||
| Q3 25 | $12.0B | $5.8B | ||
| Q2 25 | $12.0B | $5.6B | ||
| Q1 25 | $12.6B | $3.7B | ||
| Q4 24 | $12.8B | $3.3B | ||
| Q3 24 | $12.7B | $3.1B | ||
| Q2 24 | $13.2B | $2.9B | ||
| Q1 24 | $13.3B | $2.8B |
负债/权益比LILANET
| Q4 25 | 14.17× | — | ||
| Q3 25 | 12.45× | — | ||
| Q2 25 | 12.50× | — | ||
| Q1 25 | 7.47× | — | ||
| Q4 24 | 6.99× | — | ||
| Q3 24 | 6.20× | — | ||
| Q2 24 | 4.59× | — | ||
| Q1 24 | 4.38× | — |
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 | $461.9M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $320.1M | $105.2M |
| 自由现金流率自由现金流/营收 | 27.6% | 17.1% |
| 资本支出强度资本支出/营收 | 12.2% | 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 | $305.9M | $287.5M |
8季度趋势，按日历期对齐
经营现金流LILANET
| Q4 25 | $461.9M | $190.4M | ||
| Q3 25 | $178.2M | $167.1M | ||
| Q2 25 | $141.2M | $99.8M | ||
| Q1 25 | $24.6M | $145.8M | ||
| Q4 24 | $398.6M | $127.3M | ||
| Q3 24 | $177.5M | $104.7M | ||
| Q2 24 | $156.9M | $74.8M | ||
| Q1 24 | $23.3M | $73.6M |
自由现金流LILANET
| Q4 25 | $320.1M | $105.2M | ||
| Q3 25 | $56.0M | $82.5M | ||
| Q2 25 | $1.9M | $39.9M | ||
| Q1 25 | $-72.1M | $59.9M | ||
| Q4 24 | $234.9M | $54.2M | ||
| Q3 24 | $51.0M | $54.5M | ||
| Q2 24 | $16.4M | $45.2M | ||
| Q1 24 | $-86.4M | $41.5M |
自由现金流率LILANET
| Q4 25 | 27.6% | 17.1% | ||
| Q3 25 | 5.0% | 14.7% | ||
| Q2 25 | 0.2% | 7.8% | ||
| Q1 25 | -6.7% | 12.5% | ||
| Q4 24 | 20.6% | 11.8% | ||
| Q3 24 | 4.7% | 12.7% | ||
| Q2 24 | 1.5% | 11.3% | ||
| Q1 24 | -7.9% | 11.0% |
资本支出强度LILANET
| Q4 25 | 12.2% | 13.9% | ||
| Q3 25 | 11.0% | 15.1% | ||
| Q2 25 | 12.8% | 11.7% | ||
| Q1 25 | 8.9% | 17.9% | ||
| Q4 24 | 14.4% | 15.9% | ||
| Q3 24 | 11.6% | 11.7% | ||
| Q2 24 | 12.6% | 7.4% | ||
| Q1 24 | 10.0% | 8.5% |
现金转化率LILANET
| Q4 25 | — | — | ||
| Q3 25 | 54.00× | — | ||
| 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
LILA
| Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico | $301.3M | 26% |
| Cable Wireless Communications Limited CW Panama | $230.1M | 20% |
| Costa Rica Segment | $168.2M | 15% |
| Liberty Networks | $129.3M | 11% |
| Cable Subscription | $112.4M | 10% |
| Mobile Subscription | $95.9M | 8% |
| Mobile Handset And Other Devices | $73.0M | 6% |
| Liberty Networks Other | $25.0M | 2% |
| Mobile Non Subscription | $21.6M | 2% |
| B2B Mobile Handsetand Other Devices | $7.0M | 1% |
| Cable Non Subscription | $4.3M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
