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Magnera Corp（MAGN）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Magnera Corp的季度营收约是Cloudflare, Inc.的1.3倍（$792.0M vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -4.3%，领先2.3%），Cloudflare, Inc.同比增速更快（33.6% vs 12.8%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-13.0M），过去两年Magnera Corp的营收复合增速更高（54.9% vs 27.4%）
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。
MAGN vs NET — 直观对比
营收规模更大
MAGN
是对方的1.3倍
$614.5M
营收增速更快
NET
高出20.8%
12.8%
净利率更高
NET
高出2.3%
-4.3%
自由现金流更多
NET
多$118.2M
$-13.0M
两年增速更快
MAGN
近两年复合增速
27.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $614.5M |
| 净利润 | $-34.0M | $-12.1M |
| 毛利率 | 12.2% | 73.6% |
| 营业利润率 | 1.8% | -8.0% |
| 净利率 | -4.3% | -2.0% |
| 营收同比 | 12.8% | 33.6% |
| 净利润同比 | 43.3% | 6.0% |
| 每股收益（稀释后） | $-0.95 | $-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MAGNNET
| Q4 25 | $792.0M | $614.5M | ||
| Q3 25 | — | $562.0M | ||
| Q2 25 | $839.0M | $512.3M | ||
| Q1 25 | $824.0M | $479.1M | ||
| Q4 24 | $702.0M | $459.9M | ||
| Q3 24 | $332.1M | $430.1M | ||
| Q2 24 | $556.0M | $401.0M | ||
| Q1 24 | $558.0M | $378.6M |
净利润MAGNNET
| Q4 25 | $-34.0M | $-12.1M | ||
| Q3 25 | — | $-1.3M | ||
| Q2 25 | $-18.0M | $-50.4M | ||
| Q1 25 | $-41.0M | $-38.5M | ||
| Q4 24 | $-60.0M | $-12.8M | ||
| Q3 24 | $-15.2M | $-15.3M | ||
| Q2 24 | $19.0M | $-15.1M | ||
| Q1 24 | $14.0M | $-35.5M |
毛利率MAGNNET
| Q4 25 | 12.2% | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | 10.7% | 74.9% | ||
| Q1 25 | 10.7% | 75.9% | ||
| Q4 24 | 10.1% | 76.4% | ||
| Q3 24 | 10.7% | 77.7% | ||
| Q2 24 | 6.6% | 77.8% | ||
| Q1 24 | 6.2% | 77.5% |
营业利润率MAGNNET
| Q4 25 | 1.8% | -8.0% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | 1.5% | -13.1% | ||
| Q1 25 | 0.5% | -11.1% | ||
| Q4 24 | -3.1% | -7.5% | ||
| Q3 24 | 0.9% | -7.2% | ||
| Q2 24 | 3.1% | -8.7% | ||
| Q1 24 | 3.8% | -14.4% |
净利率MAGNNET
| Q4 25 | -4.3% | -2.0% | ||
| Q3 25 | — | -0.2% | ||
| Q2 25 | -2.1% | -9.8% | ||
| Q1 25 | -5.0% | -8.0% | ||
| Q4 24 | -8.5% | -2.8% | ||
| Q3 24 | -4.6% | -3.6% | ||
| Q2 24 | 3.4% | -3.8% | ||
| Q1 24 | 2.5% | -9.4% |
每股收益（稀释后）MAGNNET
| Q4 25 | $-0.95 | $-0.03 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | $-0.51 | $-0.15 | ||
| Q1 25 | $-1.15 | $-0.11 | ||
| Q4 24 | $-1.69 | $-0.05 | ||
| Q3 24 | $-0.33 | $-0.04 | ||
| Q2 24 | $0.60 | $-0.04 | ||
| Q1 24 | $0.44 | $-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 | $264.0M | $943.5M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.0B | $1.5B |
| 总资产 | $3.9B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.86× | — |
8季度趋势，按日历期对齐
现金及短期投资MAGNNET
| Q4 25 | $264.0M | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $276.0M | $1.5B | ||
| Q1 25 | $282.0M | $204.5M | ||
| Q4 24 | $215.0M | $147.7M | ||
| Q3 24 | $230.0M | $182.9M | ||
| Q2 24 | $33.9M | $157.0M | ||
| Q1 24 | $30.2M | $254.4M |
总债务MAGNNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — | ||
| Q1 24 | $884.7M | — |
股东权益MAGNNET
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $2.1B | $973.1M | ||
| Q2 24 | $2.4B | $881.5M | ||
| Q1 24 | $2.4B | $797.2M |
总资产MAGNNET
| Q4 25 | $3.9B | $6.0B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | $4.1B | $5.6B | ||
| Q1 25 | $4.1B | $3.7B | ||
| Q4 24 | $4.0B | $3.3B | ||
| Q3 24 | $2.8B | $3.1B | ||
| Q2 24 | $1.5B | $2.9B | ||
| Q1 24 | $1.5B | $2.8B |
负债/权益比MAGNNET
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.36× | — |
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 | $2.0M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $105.2M |
| 自由现金流率自由现金流/营收 | -1.6% | 17.1% |
| 资本支出强度资本支出/营收 | 1.9% | 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 | — | $287.5M |
8季度趋势，按日历期对齐
经营现金流MAGNNET
| Q4 25 | $2.0M | $190.4M | ||
| Q3 25 | — | $167.1M | ||
| Q2 25 | $0 | $99.8M | ||
| Q1 25 | $65.0M | $145.8M | ||
| Q4 24 | $-58.0M | $127.3M | ||
| Q3 24 | $12.2M | $104.7M | ||
| Q2 24 | $38.0M | $74.8M | ||
| Q1 24 | $20.0M | $73.6M |
自由现金流MAGNNET
| Q4 25 | $-13.0M | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | $42.0M | $59.9M | ||
| Q4 24 | $-74.0M | $54.2M | ||
| Q3 24 | $3.6M | $54.5M | ||
| Q2 24 | $23.0M | $45.2M | ||
| Q1 24 | $12.5M | $41.5M |
自由现金流率MAGNNET
| Q4 25 | -1.6% | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | 5.1% | 12.5% | ||
| Q4 24 | -10.5% | 11.8% | ||
| Q3 24 | 1.1% | 12.7% | ||
| Q2 24 | 4.1% | 11.3% | ||
| Q1 24 | 2.2% | 11.0% |
资本支出强度MAGNNET
| Q4 25 | 1.9% | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | 1.5% | 11.7% | ||
| Q1 25 | 2.8% | 17.9% | ||
| Q4 24 | 2.3% | 15.9% | ||
| Q3 24 | 2.6% | 11.7% | ||
| Q2 24 | 2.7% | 7.4% | ||
| Q1 24 | 1.3% | 8.5% |
现金转化率MAGNNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.43× | — |
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
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
