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Mechanics Bancorp（MCHB）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Mechanics Bancorp的1.3倍（$614.5M vs $458.8M），Mechanics Bancorp自由现金流更多（$187.1M vs $105.2M），过去两年Mechanics Bancorp的营收复合增速更高（232.1% vs 27.4%）
Mechanics Bancorp是总部位于美国的银行控股公司，核心子公司为Mechanics Bank，提供零售银行、商业银行及财富管理类服务，覆盖储蓄账户、各类贷款、投资咨询等业务，主要服务加利福尼亚州的个人消费者及中小型企业客户。
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。
MCHB vs NET — 直观对比
营收规模更大
NET
是对方的1.3倍
$458.8M
自由现金流更多
MCHB
多$81.9M
$105.2M
两年增速更快
MCHB
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $458.8M | $614.5M |
| 净利润 | — | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | — | -8.0% |
| 净利率 | — | -2.0% |
| 营收同比 | — | 33.6% |
| 净利润同比 | — | 6.0% |
| 每股收益（稀释后） | — | $-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MCHBNET
| Q4 25 | $458.8M | $614.5M | ||
| Q3 25 | $255.4M | $562.0M | ||
| Q2 25 | $49.0M | $512.3M | ||
| Q1 25 | $45.4M | $479.1M | ||
| Q4 24 | $29.6M | $459.9M | ||
| Q3 24 | $147.9M | $430.1M | ||
| Q2 24 | $42.9M | $401.0M | ||
| Q1 24 | $41.6M | $378.6M |
净利润MCHBNET
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $55.2M | $-1.3M | ||
| Q2 25 | $-4.4M | $-50.4M | ||
| Q1 25 | $-4.5M | $-38.5M | ||
| Q4 24 | $-123.3M | $-12.8M | ||
| Q3 24 | $39.9M | $-15.3M | ||
| Q2 24 | $-6.2M | $-15.1M | ||
| Q1 24 | $-7.5M | $-35.5M |
毛利率MCHBNET
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
营业利润率MCHBNET
| Q4 25 | — | -8.0% | ||
| Q3 25 | 17.7% | -6.7% | ||
| Q2 25 | -9.8% | -13.1% | ||
| Q1 25 | -10.5% | -11.1% | ||
| Q4 24 | -312.2% | -7.5% | ||
| Q3 24 | 37.5% | -7.2% | ||
| Q2 24 | -18.6% | -8.7% | ||
| Q1 24 | -25.4% | -14.4% |
净利率MCHBNET
| Q4 25 | — | -2.0% | ||
| Q3 25 | 21.6% | -0.2% | ||
| Q2 25 | -9.0% | -9.8% | ||
| Q1 25 | -9.8% | -8.0% | ||
| Q4 24 | -416.4% | -2.8% | ||
| Q3 24 | 27.0% | -3.6% | ||
| Q2 24 | -14.5% | -3.8% | ||
| Q1 24 | -18.0% | -9.4% |
每股收益（稀释后）MCHBNET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.26 | $0.00 | ||
| Q2 25 | $-0.23 | $-0.15 | ||
| Q1 25 | $-0.24 | $-0.11 | ||
| Q4 24 | $-6.53 | $-0.05 | ||
| Q3 24 | $0.20 | $-0.04 | ||
| Q2 24 | $-0.33 | $-0.04 | ||
| Q1 24 | $-0.40 | $-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 | $1.0B | $943.5M |
| 总债务越低越好 | $192.0M | — |
| 股东权益账面价值 | $2.9B | $1.5B |
| 总资产 | $22.4B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MCHBNET
| Q4 25 | $1.0B | $943.5M | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $201.1M | $1.5B | ||
| Q1 25 | $252.2M | $204.5M | ||
| Q4 24 | $999.7M | $147.7M | ||
| Q3 24 | $205.9M | $182.9M | ||
| Q2 24 | $218.7M | $157.0M | ||
| Q1 24 | $320.3M | $254.4M |
总债务MCHBNET
| Q4 25 | $192.0M | — | ||
| Q3 25 | $190.1M | — | ||
| Q2 25 | $225.3M | — | ||
| Q1 25 | $225.2M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $224.9M | — | ||
| Q1 24 | $224.9M | — |
股东权益MCHBNET
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.8B | $1.3B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $400.8M | $1.4B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.3B | $973.1M | ||
| Q2 24 | $2.2B | $881.5M | ||
| Q1 24 | $527.3M | $797.2M |
总资产MCHBNET
| Q4 25 | $22.4B | $6.0B | ||
| Q3 25 | $22.7B | $5.8B | ||
| Q2 25 | $7.6B | $5.6B | ||
| Q1 25 | $7.8B | $3.7B | ||
| Q4 24 | $16.5B | $3.3B | ||
| Q3 24 | $9.2B | $3.1B | ||
| Q2 24 | $9.3B | $2.9B | ||
| Q1 24 | $9.5B | $2.8B |
负债/权益比MCHBNET
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.10× | — | ||
| Q1 24 | 0.43× | — |
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 | $193.6M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $187.1M | $105.2M |
| 自由现金流率自由现金流/营收 | 40.8% | 17.1% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $263.7M | $287.5M |
8季度趋势，按日历期对齐
经营现金流MCHBNET
| Q4 25 | $193.6M | $190.4M | ||
| Q3 25 | $112.0M | $167.1M | ||
| Q2 25 | $-9.8M | $99.8M | ||
| Q1 25 | $-22.5M | $145.8M | ||
| Q4 24 | $292.3M | $127.3M | ||
| Q3 24 | $247.0M | $104.7M | ||
| Q2 24 | $-21.8M | $74.8M | ||
| Q1 24 | $-7.8M | $73.6M |
自由现金流MCHBNET
| Q4 25 | $187.1M | $105.2M | ||
| Q3 25 | $109.1M | $82.5M | ||
| Q2 25 | $-9.9M | $39.9M | ||
| Q1 25 | $-22.6M | $59.9M | ||
| Q4 24 | $285.9M | $54.2M | ||
| Q3 24 | $244.5M | $54.5M | ||
| Q2 24 | $-22.0M | $45.2M | ||
| Q1 24 | $-13.9M | $41.5M |
自由现金流率MCHBNET
| Q4 25 | 40.8% | 17.1% | ||
| Q3 25 | 42.7% | 14.7% | ||
| Q2 25 | -20.2% | 7.8% | ||
| Q1 25 | -49.7% | 12.5% | ||
| Q4 24 | 965.3% | 11.8% | ||
| Q3 24 | 165.4% | 12.7% | ||
| Q2 24 | -51.3% | 11.3% | ||
| Q1 24 | -33.4% | 11.0% |
资本支出强度MCHBNET
| Q4 25 | 1.4% | 13.9% | ||
| Q3 25 | 1.1% | 15.1% | ||
| Q2 25 | 0.2% | 11.7% | ||
| Q1 25 | 0.1% | 17.9% | ||
| Q4 24 | 21.5% | 15.9% | ||
| Q3 24 | 1.7% | 11.7% | ||
| Q2 24 | 0.7% | 7.4% | ||
| Q1 24 | 14.6% | 8.5% |
现金转化率MCHBNET
| Q4 25 | — | — | ||
| Q3 25 | 2.03× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.18× | — | ||
| 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
MCHB
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
