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Pediatrix Medical Group, Inc.（MD）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Pediatrix Medical Group, Inc.的1.2倍（$614.5M vs $493.8M），Pediatrix Medical Group, Inc.净利率更高（6.8% vs -2.0%，领先8.8%），Cloudflare, Inc.同比增速更快（33.6% vs -1.7%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -0.1%）
Pediatrix Medical Group是美国领先的专科医疗服务提供商，核心业务覆盖母胎医学、新生儿科、儿科心脏病学等儿科亚专科领域，与美国各地医疗机构合作，为女性、新生儿及儿童提供循证专科医疗服务。
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。
MD vs NET — 直观对比
营收规模更大
NET
是对方的1.2倍
$493.8M
营收增速更快
NET
高出35.3%
-1.7%
净利率更高
MD
高出8.8%
-2.0%
两年增速更快
NET
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $493.8M | $614.5M |
| 净利润 | $33.7M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 9.9% | -8.0% |
| 净利率 | 6.8% | -2.0% |
| 营收同比 | -1.7% | 33.6% |
| 净利润同比 | 10.5% | 6.0% |
| 每股收益（稀释后） | $0.40 | $-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MDNET
| Q4 25 | $493.8M | $614.5M | ||
| Q3 25 | $492.9M | $562.0M | ||
| Q2 25 | $468.8M | $512.3M | ||
| Q1 25 | $458.4M | $479.1M | ||
| Q4 24 | $502.4M | $459.9M | ||
| Q3 24 | $511.2M | $430.1M | ||
| Q2 24 | $504.3M | $401.0M | ||
| Q1 24 | $495.1M | $378.6M |
净利润MDNET
| Q4 25 | $33.7M | $-12.1M | ||
| Q3 25 | $71.7M | $-1.3M | ||
| Q2 25 | $39.3M | $-50.4M | ||
| Q1 25 | $20.7M | $-38.5M | ||
| Q4 24 | $30.5M | $-12.8M | ||
| Q3 24 | $19.4M | $-15.3M | ||
| Q2 24 | $-153.0M | $-15.1M | ||
| Q1 24 | $4.0M | $-35.5M |
毛利率MDNET
| 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MDNET
| Q4 25 | 9.9% | -8.0% | ||
| Q3 25 | 13.8% | -6.7% | ||
| Q2 25 | 12.8% | -13.1% | ||
| Q1 25 | 7.0% | -11.1% | ||
| Q4 24 | 7.8% | -7.5% | ||
| Q3 24 | 6.6% | -7.2% | ||
| Q2 24 | -31.3% | -8.7% | ||
| Q1 24 | 3.2% | -14.4% |
净利率MDNET
| Q4 25 | 6.8% | -2.0% | ||
| Q3 25 | 14.5% | -0.2% | ||
| Q2 25 | 8.4% | -9.8% | ||
| Q1 25 | 4.5% | -8.0% | ||
| Q4 24 | 6.1% | -2.8% | ||
| Q3 24 | 3.8% | -3.6% | ||
| Q2 24 | -30.3% | -3.8% | ||
| Q1 24 | 0.8% | -9.4% |
每股收益（稀释后）MDNET
| Q4 25 | $0.40 | $-0.03 | ||
| Q3 25 | $0.84 | $0.00 | ||
| Q2 25 | $0.46 | $-0.15 | ||
| Q1 25 | $0.24 | $-0.11 | ||
| Q4 24 | $0.37 | $-0.05 | ||
| Q3 24 | $0.23 | $-0.04 | ||
| Q2 24 | $-1.84 | $-0.04 | ||
| Q1 24 | $0.05 | $-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 | $375.2M | $943.5M |
| 总债务越低越好 | $570.5M | — |
| 股东权益账面价值 | $865.9M | $1.5B |
| 总资产 | $2.2B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资MDNET
| Q4 25 | $375.2M | $943.5M | ||
| Q3 25 | $340.1M | $1.1B | ||
| Q2 25 | $224.7M | $1.5B | ||
| Q1 25 | $99.0M | $204.5M | ||
| Q4 24 | $229.9M | $147.7M | ||
| Q3 24 | $103.8M | $182.9M | ||
| Q2 24 | $19.4M | $157.0M | ||
| Q1 24 | $8.0M | $254.4M |
总债务MDNET
| Q4 25 | $570.5M | — | ||
| Q3 25 | $577.2M | — | ||
| Q2 25 | $583.9M | — | ||
| Q1 25 | $590.5M | — | ||
| Q4 24 | $597.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MDNET
| Q4 25 | $865.9M | $1.5B | ||
| Q3 25 | $890.7M | $1.3B | ||
| Q2 25 | $833.8M | $1.2B | ||
| Q1 25 | $789.2M | $1.4B | ||
| Q4 24 | $764.9M | $1.0B | ||
| Q3 24 | $732.5M | $973.1M | ||
| Q2 24 | $706.5M | $881.5M | ||
| Q1 24 | $856.2M | $797.2M |
总资产MDNET
| Q4 25 | $2.2B | $6.0B | ||
| Q3 25 | $2.2B | $5.8B | ||
| Q2 25 | $2.1B | $5.6B | ||
| Q1 25 | $2.0B | $3.7B | ||
| Q4 24 | $2.2B | $3.3B | ||
| Q3 24 | $2.1B | $3.1B | ||
| Q2 24 | $2.0B | $2.9B | ||
| Q1 24 | $2.2B | $2.8B |
负债/权益比MDNET
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $114.1M | $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 | 3.39× | — |
| 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MDNET
| Q4 25 | $114.1M | $190.4M | ||
| Q3 25 | $137.3M | $167.1M | ||
| Q2 25 | $137.2M | $99.8M | ||
| Q1 25 | $-117.5M | $145.8M | ||
| Q4 24 | $133.0M | $127.3M | ||
| Q3 24 | $91.8M | $104.7M | ||
| Q2 24 | $107.0M | $74.8M | ||
| Q1 24 | $-125.2M | $73.6M |
自由现金流MDNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | — | $41.5M |
自由现金流率MDNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 11.0% |
资本支出强度MDNET
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 8.5% |
现金转化率MDNET
| Q4 25 | 3.39× | — | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 3.49× | — | ||
| Q1 25 | -5.66× | — | ||
| Q4 24 | 4.36× | — | ||
| Q3 24 | 4.72× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -31.03× | — |
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
MD
| Health Care Patient Service | $421.6M | 85% |
| Hospitals Contracts | $70.0M | 14% |
| Other | $2.2M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
