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MongoDB, Inc.（MDB）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
MongoDB, Inc.的季度营收约是Cloudflare, Inc.的1.0倍（$628.3M vs $614.5M），MongoDB, Inc.净利率更高（-0.3% vs -2.0%，领先1.6%），Cloudflare, Inc.同比增速更快（33.6% vs 18.7%），MongoDB, Inc.自由现金流更多（$141.8M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 17.1%）
MongoDB Inc.是美国软件企业，核心业务为开发面向非结构化数据的数据库引擎MongoDB并提供相关商用技术支持。该产品脱胎于NoSQL数据库，后续新增ACID事务等能力，功能覆盖场景持续拓展，可充分满足全球企业级客户的多元需求。
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。
MDB vs NET — 直观对比
营收规模更大
MDB
是对方的1.0倍
$614.5M
营收增速更快
NET
高出14.9%
18.7%
净利率更高
MDB
高出1.6%
-2.0%
自由现金流更多
MDB
多$36.6M
$105.2M
两年增速更快
NET
近两年复合增速
17.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $628.3M | $614.5M |
| 净利润 | $-2.0M | $-12.1M |
| 毛利率 | 71.5% | 73.6% |
| 营业利润率 | -2.9% | -8.0% |
| 净利率 | -0.3% | -2.0% |
| 营收同比 | 18.7% | 33.6% |
| 净利润同比 | 79.5% | 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MDBNET
| Q4 25 | $628.3M | $614.5M | ||
| Q3 25 | $591.4M | $562.0M | ||
| Q2 25 | $549.0M | $512.3M | ||
| Q1 25 | $548.4M | $479.1M | ||
| Q4 24 | $529.4M | $459.9M | ||
| Q3 24 | $478.1M | $430.1M | ||
| Q2 24 | $450.6M | $401.0M | ||
| Q1 24 | $458.0M | $378.6M |
净利润MDBNET
| Q4 25 | $-2.0M | $-12.1M | ||
| Q3 25 | $-47.0M | $-1.3M | ||
| Q2 25 | $-37.6M | $-50.4M | ||
| Q1 25 | $15.8M | $-38.5M | ||
| Q4 24 | $-9.8M | $-12.8M | ||
| Q3 24 | $-54.5M | $-15.3M | ||
| Q2 24 | $-80.6M | $-15.1M | ||
| Q1 24 | $-55.5M | $-35.5M |
毛利率MDBNET
| Q4 25 | 71.5% | 73.6% | ||
| Q3 25 | 71.0% | 74.0% | ||
| Q2 25 | 71.2% | 74.9% | ||
| Q1 25 | 72.8% | 75.9% | ||
| Q4 24 | 74.4% | 76.4% | ||
| Q3 24 | 73.2% | 77.7% | ||
| Q2 24 | 72.8% | 77.8% | ||
| Q1 24 | 75.0% | 77.5% |
营业利润率MDBNET
| Q4 25 | -2.9% | -8.0% | ||
| Q3 25 | -11.0% | -6.7% | ||
| Q2 25 | -9.8% | -13.1% | ||
| Q1 25 | -3.4% | -11.1% | ||
| Q4 24 | -5.3% | -7.5% | ||
| Q3 24 | -14.9% | -7.2% | ||
| Q2 24 | -21.8% | -8.7% | ||
| Q1 24 | -15.5% | -14.4% |
净利率MDBNET
| Q4 25 | -0.3% | -2.0% | ||
| Q3 25 | -8.0% | -0.2% | ||
| Q2 25 | -6.9% | -9.8% | ||
| Q1 25 | 2.9% | -8.0% | ||
| Q4 24 | -1.8% | -2.8% | ||
| Q3 24 | -11.4% | -3.6% | ||
| Q2 24 | -17.9% | -3.8% | ||
| Q1 24 | -12.1% | -9.4% |
每股收益（稀释后）MDBNET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-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 | $834.1M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $1.5B |
| 总资产 | $3.6B | $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MDBNET
| Q4 25 | $834.1M | $943.5M | ||
| Q3 25 | $647.1M | $1.1B | ||
| Q2 25 | $657.8M | $1.5B | ||
| Q1 25 | $490.1M | $204.5M | ||
| Q4 24 | $673.1M | $147.7M | ||
| Q3 24 | $1.3B | $182.9M | ||
| Q2 24 | $815.7M | $157.0M | ||
| Q1 24 | $803.0M | $254.4M |
股东权益MDBNET
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.9B | $1.3B | ||
| Q2 25 | $3.0B | $1.2B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.4B | $973.1M | ||
| Q2 24 | $1.3B | $881.5M | ||
| Q1 24 | $1.1B | $797.2M |
总资产MDBNET
| Q4 25 | $3.6B | $6.0B | ||
| Q3 25 | $3.5B | $5.8B | ||
| Q2 25 | $3.6B | $5.6B | ||
| Q1 25 | $3.4B | $3.7B | ||
| Q4 24 | $3.2B | $3.3B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $3.0B | $2.9B | ||
| Q1 24 | $2.9B | $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 | $143.5M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $141.8M | $105.2M |
| 自由现金流率自由现金流/营收 | 22.6% | 17.1% |
| 资本支出强度资本支出/营收 | 0.3% | 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 | $346.3M | $287.5M |
8季度趋势，按日历期对齐
经营现金流MDBNET
| Q4 25 | $143.5M | $190.4M | ||
| Q3 25 | $72.1M | $167.1M | ||
| Q2 25 | $109.9M | $99.8M | ||
| Q1 25 | $50.5M | $145.8M | ||
| Q4 24 | $37.4M | $127.3M | ||
| Q3 24 | $-1.4M | $104.7M | ||
| Q2 24 | $63.6M | $74.8M | ||
| Q1 24 | $54.6M | $73.6M |
自由现金流MDBNET
| Q4 25 | $141.8M | $105.2M | ||
| Q3 25 | $71.6M | $82.5M | ||
| Q2 25 | $108.3M | $39.9M | ||
| Q1 25 | $24.6M | $59.9M | ||
| Q4 24 | $35.5M | $54.2M | ||
| Q3 24 | $-2.4M | $54.5M | ||
| Q2 24 | $63.1M | $45.2M | ||
| Q1 24 | $51.9M | $41.5M |
自由现金流率MDBNET
| Q4 25 | 22.6% | 17.1% | ||
| Q3 25 | 12.1% | 14.7% | ||
| Q2 25 | 19.7% | 7.8% | ||
| Q1 25 | 4.5% | 12.5% | ||
| Q4 24 | 6.7% | 11.8% | ||
| Q3 24 | -0.5% | 12.7% | ||
| Q2 24 | 14.0% | 11.3% | ||
| Q1 24 | 11.3% | 11.0% |
资本支出强度MDBNET
| Q4 25 | 0.3% | 13.9% | ||
| Q3 25 | 0.1% | 15.1% | ||
| Q2 25 | 0.3% | 11.7% | ||
| Q1 25 | 4.7% | 17.9% | ||
| Q4 24 | 0.4% | 15.9% | ||
| Q3 24 | 0.2% | 11.7% | ||
| Q2 24 | 0.1% | 7.4% | ||
| Q1 24 | 0.6% | 8.5% |
现金转化率MDBNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.19× | — | ||
| 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
MDB
| Mongo DB Atlas Related | $470.4M | 75% |
| Other Subscription | $138.7M | 22% |
| Services | $19.2M | 3% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
