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Alliant Energy（LNT）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Alliant Energy的季度营收约是Cloudflare, Inc.的1.7倍（$1.1B vs $614.5M），Alliant Energy净利率更高（13.4% vs -2.0%，领先15.3%），Cloudflare, Inc.同比增速更快（33.6% vs 9.0%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 1.5%）
Alliant Energy是美国公用事业控股企业，主营受监管的电力与天然气服务，下设公用电力运营、公用燃气运营及其他公用事业三大业务板块。公司通过子公司Interstate Power and Light Company（IPL）为艾奥瓦州零售客户提供发电配电、天然气配送及运输服务，同时向明尼苏达州、伊利诺伊州等地的批发客户售电。
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。
LNT vs NET — 直观对比
营收规模更大
LNT
是对方的1.7倍
$614.5M
营收增速更快
NET
高出24.6%
9.0%
净利率更高
LNT
高出15.3%
-2.0%
两年增速更快
NET
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $614.5M |
| 净利润 | $142.0M | $-12.1M |
| 毛利率 | 85.9% | 73.6% |
| 营业利润率 | 18.4% | -8.0% |
| 净利率 | 13.4% | -2.0% |
| 营收同比 | 9.0% | 33.6% |
| 净利润同比 | -5.3% | 6.0% |
| 每股收益（稀释后） | $0.54 | $-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LNTNET
| Q4 25 | $1.1B | $614.5M | ||
| Q3 25 | $1.2B | $562.0M | ||
| Q2 25 | $961.0M | $512.3M | ||
| Q1 25 | $1.1B | $479.1M | ||
| Q4 24 | $975.0M | $459.9M | ||
| Q3 24 | $1.1B | $430.1M | ||
| Q2 24 | $894.0M | $401.0M | ||
| Q1 24 | $1.0B | $378.6M |
净利润LNTNET
| Q4 25 | $142.0M | $-12.1M | ||
| Q3 25 | $281.0M | $-1.3M | ||
| Q2 25 | $174.0M | $-50.4M | ||
| Q1 25 | $213.0M | $-38.5M | ||
| Q4 24 | $150.0M | $-12.8M | ||
| Q3 24 | $295.0M | $-15.3M | ||
| Q2 24 | $87.0M | $-15.1M | ||
| Q1 24 | $158.0M | $-35.5M |
毛利率LNTNET
| Q4 25 | 85.9% | 73.6% | ||
| Q3 25 | 86.3% | 74.0% | ||
| Q2 25 | 84.3% | 74.9% | ||
| Q1 25 | 86.0% | 75.9% | ||
| Q4 24 | 84.7% | 76.4% | ||
| Q3 24 | 84.7% | 77.7% | ||
| Q2 24 | 83.6% | 77.8% | ||
| Q1 24 | 85.3% | 77.5% |
营业利润率LNTNET
| Q4 25 | 18.4% | -8.0% | ||
| Q3 25 | 28.8% | -6.7% | ||
| Q2 25 | 23.2% | -13.1% | ||
| Q1 25 | 22.8% | -11.1% | ||
| Q4 24 | 22.7% | -7.5% | ||
| Q3 24 | 29.0% | -7.2% | ||
| Q2 24 | 14.5% | -8.7% | ||
| Q1 24 | 21.5% | -14.4% |
净利率LNTNET
| Q4 25 | 13.4% | -2.0% | ||
| Q3 25 | 23.2% | -0.2% | ||
| Q2 25 | 18.1% | -9.8% | ||
| Q1 25 | 18.9% | -8.0% | ||
| Q4 24 | 15.4% | -2.8% | ||
| Q3 24 | 27.3% | -3.6% | ||
| Q2 24 | 9.7% | -3.8% | ||
| Q1 24 | 15.3% | -9.4% |
每股收益（稀释后）LNTNET
| Q4 25 | $0.54 | $-0.03 | ||
| Q3 25 | $1.09 | $0.00 | ||
| Q2 25 | $0.68 | $-0.15 | ||
| Q1 25 | $0.83 | $-0.11 | ||
| Q4 24 | $0.58 | $-0.05 | ||
| Q3 24 | $1.15 | $-0.04 | ||
| Q2 24 | $0.34 | $-0.04 | ||
| Q1 24 | $0.62 | $-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 | $556.0M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.3B | $1.5B |
| 总资产 | $25.0B | $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LNTNET
| Q4 25 | $556.0M | $943.5M | ||
| Q3 25 | $753.0M | $1.1B | ||
| Q2 25 | $329.0M | $1.5B | ||
| Q1 25 | $25.0M | $204.5M | ||
| Q4 24 | $81.0M | $147.7M | ||
| Q3 24 | $827.0M | $182.9M | ||
| Q2 24 | $92.0M | $157.0M | ||
| Q1 24 | $32.0M | $254.4M |
股东权益LNTNET
| Q4 25 | $7.3B | $1.5B | ||
| Q3 25 | $7.3B | $1.3B | ||
| Q2 25 | $7.1B | $1.2B | ||
| Q1 25 | $7.1B | $1.4B | ||
| Q4 24 | $7.0B | $1.0B | ||
| Q3 24 | $7.0B | $973.1M | ||
| Q2 24 | $6.8B | $881.5M | ||
| Q1 24 | $6.8B | $797.2M |
总资产LNTNET
| Q4 25 | $25.0B | $6.0B | ||
| Q3 25 | $24.6B | $5.8B | ||
| Q2 25 | $23.8B | $5.6B | ||
| Q1 25 | $22.9B | $3.7B | ||
| Q4 24 | $22.7B | $3.3B | ||
| Q3 24 | $22.8B | $3.1B | ||
| Q2 24 | $21.8B | $2.9B | ||
| Q1 24 | $21.2B | $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 | $269.0M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | — | $105.2M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | — | 13.9% |
| 现金转化率经营现金流/净利润 | 1.89× | — |
| 过去12个月自由现金流最近4个季度 | — | $287.5M |
8季度趋势，按日历期对齐
经营现金流LNTNET
| Q4 25 | $269.0M | $190.4M | ||
| Q3 25 | $408.0M | $167.1M | ||
| Q2 25 | $243.0M | $99.8M | ||
| Q1 25 | $249.0M | $145.8M | ||
| Q4 24 | $254.0M | $127.3M | ||
| Q3 24 | $351.0M | $104.7M | ||
| Q2 24 | $255.0M | $74.8M | ||
| Q1 24 | $307.0M | $73.6M |
自由现金流LNTNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | $-103.0M | $82.5M | ||
| Q2 25 | $-179.0M | $39.9M | ||
| Q1 25 | $-305.0M | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | $-59.0M | $54.5M | ||
| Q2 24 | $-137.0M | $45.2M | ||
| Q1 24 | $-171.0M | $41.5M |
自由现金流率LNTNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | -8.5% | 14.7% | ||
| Q2 25 | -18.6% | 7.8% | ||
| Q1 25 | -27.0% | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | -5.5% | 12.7% | ||
| Q2 24 | -15.3% | 11.3% | ||
| Q1 24 | -16.6% | 11.0% |
资本支出强度LNTNET
| Q4 25 | — | 13.9% | ||
| Q3 25 | 42.2% | 15.1% | ||
| Q2 25 | 43.9% | 11.7% | ||
| Q1 25 | 49.1% | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | 37.9% | 11.7% | ||
| Q2 24 | 43.8% | 7.4% | ||
| Q1 24 | 46.4% | 8.5% |
现金转化率LNTNET
| Q4 25 | 1.89× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.40× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.69× | — | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 2.93× | — | ||
| Q1 24 | 1.94× | — |
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
LNT
| Retail Residential | $313.0M | 29% |
| Retail Industrial | $251.0M | 24% |
| Retail Commercial | $226.0M | 21% |
| Gas | $158.0M | 15% |
| Other Customer | $43.0M | 4% |
| Wholesale | $36.0M | 3% |
| Other Utility | $15.0M | 1% |
| Steam | $9.0M | 1% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
