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MIDDLEBY Corp（MIDD）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
MIDDLEBY Corp的季度营收约是Cloudflare, Inc.的1.4倍（$866.4M vs $614.5M），MIDDLEBY Corp净利率更高（4.3% vs -2.0%，领先6.2%），Cloudflare, Inc.同比增速更快（33.6% vs -30.6%），MIDDLEBY Corp自由现金流更多（$165.5M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -3.3%）
美国Middleby公司是总部位于伊利诺伊州埃尔金的上市企业，主营商用烹饪设备、工业加工设备及民用家电，其商用烹饪设备业务覆盖美国及全球前100家餐饮连锁品牌中的97家，是全球餐饮设备领域的领先供应商。
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。
MIDD vs NET — 直观对比
营收规模更大
MIDD
是对方的1.4倍
$614.5M
营收增速更快
NET
高出64.2%
-30.6%
净利率更高
MIDD
高出6.2%
-2.0%
自由现金流更多
MIDD
多$60.3M
$105.2M
两年增速更快
NET
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.4M | $614.5M |
| 净利润 | $36.9M | $-12.1M |
| 毛利率 | 38.8% | 73.6% |
| 营业利润率 | 17.3% | -8.0% |
| 净利率 | 4.3% | -2.0% |
| 营收同比 | -30.6% | 33.6% |
| 净利润同比 | -67.1% | 6.0% |
| 每股收益（稀释后） | $0.74 | $-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MIDDNET
| Q4 25 | $866.4M | $614.5M | ||
| Q3 25 | $982.1M | $562.0M | ||
| Q2 25 | $977.9M | $512.3M | ||
| Q1 25 | $906.6M | $479.1M | ||
| Q4 24 | $1.0B | $459.9M | ||
| Q3 24 | $942.8M | $430.1M | ||
| Q2 24 | $991.5M | $401.0M | ||
| Q1 24 | $926.9M | $378.6M |
净利润MIDDNET
| Q4 25 | $36.9M | $-12.1M | ||
| Q3 25 | $-513.0M | $-1.3M | ||
| Q2 25 | $106.0M | $-50.4M | ||
| Q1 25 | $92.4M | $-38.5M | ||
| Q4 24 | $112.3M | $-12.8M | ||
| Q3 24 | $114.2M | $-15.3M | ||
| Q2 24 | $115.4M | $-15.1M | ||
| Q1 24 | $86.6M | $-35.5M |
毛利率MIDDNET
| Q4 25 | 38.8% | 73.6% | ||
| Q3 25 | 36.8% | 74.0% | ||
| Q2 25 | 38.0% | 74.9% | ||
| Q1 25 | 38.2% | 75.9% | ||
| Q4 24 | 38.4% | 76.4% | ||
| Q3 24 | 37.7% | 77.7% | ||
| Q2 24 | 38.3% | 77.8% | ||
| Q1 24 | 37.4% | 77.5% |
营业利润率MIDDNET
| Q4 25 | 17.3% | -8.0% | ||
| Q3 25 | -56.4% | -6.7% | ||
| Q2 25 | 15.9% | -13.1% | ||
| Q1 25 | 15.5% | -11.1% | ||
| Q4 24 | 16.8% | -7.5% | ||
| Q3 24 | 18.4% | -7.2% | ||
| Q2 24 | 17.7% | -8.7% | ||
| Q1 24 | 14.8% | -14.4% |
净利率MIDDNET
| Q4 25 | 4.3% | -2.0% | ||
| Q3 25 | -52.2% | -0.2% | ||
| Q2 25 | 10.8% | -9.8% | ||
| Q1 25 | 10.2% | -8.0% | ||
| Q4 24 | 11.1% | -2.8% | ||
| Q3 24 | 12.1% | -3.6% | ||
| Q2 24 | 11.6% | -3.8% | ||
| Q1 24 | 9.3% | -9.4% |
每股收益（稀释后）MIDDNET
| Q4 25 | $0.74 | $-0.03 | ||
| Q3 25 | $-10.15 | $0.00 | ||
| Q2 25 | $1.99 | $-0.15 | ||
| Q1 25 | $1.69 | $-0.11 | ||
| Q4 24 | $2.07 | $-0.05 | ||
| Q3 24 | $2.11 | $-0.04 | ||
| Q2 24 | $2.13 | $-0.04 | ||
| Q1 24 | $1.59 | $-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 | $222.2M | $943.5M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.8B | $1.5B |
| 总资产 | $6.3B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.78× | — |
8季度趋势，按日历期对齐
现金及短期投资MIDDNET
| Q4 25 | $222.2M | $943.5M | ||
| Q3 25 | $175.1M | $1.1B | ||
| Q2 25 | $511.5M | $1.5B | ||
| Q1 25 | $745.1M | $204.5M | ||
| Q4 24 | $689.5M | $147.7M | ||
| Q3 24 | $606.0M | $182.9M | ||
| Q2 24 | $459.5M | $157.0M | ||
| Q1 24 | $341.0M | $254.4M |
总债务MIDDNET
| Q4 25 | $2.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MIDDNET
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $2.9B | $1.3B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.7B | $1.4B | ||
| Q4 24 | $3.6B | $1.0B | ||
| Q3 24 | $3.6B | $973.1M | ||
| Q2 24 | $3.4B | $881.5M | ||
| Q1 24 | $3.3B | $797.2M |
总资产MIDDNET
| Q4 25 | $6.3B | $6.0B | ||
| Q3 25 | $6.4B | $5.8B | ||
| Q2 25 | $7.3B | $5.6B | ||
| Q1 25 | $7.4B | $3.7B | ||
| Q4 24 | $7.3B | $3.3B | ||
| Q3 24 | $7.2B | $3.1B | ||
| Q2 24 | $7.0B | $2.9B | ||
| Q1 24 | $6.9B | $2.8B |
负债/权益比MIDDNET
| Q4 25 | 0.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | — | ||
| 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 | — | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | $105.2M |
| 自由现金流率自由现金流/营收 | 19.1% | 17.1% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $530.1M | $287.5M |
8季度趋势，按日历期对齐
经营现金流MIDDNET
| Q4 25 | — | $190.4M | ||
| Q3 25 | $176.3M | $167.1M | ||
| Q2 25 | $122.0M | $99.8M | ||
| Q1 25 | $141.1M | $145.8M | ||
| Q4 24 | $239.7M | $127.3M | ||
| Q3 24 | $156.7M | $104.7M | ||
| Q2 24 | $149.5M | $74.8M | ||
| Q1 24 | $140.9M | $73.6M |
自由现金流MIDDNET
| Q4 25 | $165.5M | $105.2M | ||
| Q3 25 | $156.1M | $82.5M | ||
| Q2 25 | $101.1M | $39.9M | ||
| Q1 25 | $107.4M | $59.9M | ||
| Q4 24 | $226.6M | $54.2M | ||
| Q3 24 | $145.2M | $54.5M | ||
| Q2 24 | $138.6M | $45.2M | ||
| Q1 24 | $127.2M | $41.5M |
自由现金流率MIDDNET
| Q4 25 | 19.1% | 17.1% | ||
| Q3 25 | 15.9% | 14.7% | ||
| Q2 25 | 10.3% | 7.8% | ||
| Q1 25 | 11.8% | 12.5% | ||
| Q4 24 | 22.3% | 11.8% | ||
| Q3 24 | 15.4% | 12.7% | ||
| Q2 24 | 14.0% | 11.3% | ||
| Q1 24 | 13.7% | 11.0% |
资本支出强度MIDDNET
| Q4 25 | 1.5% | 13.9% | ||
| Q3 25 | 2.1% | 15.1% | ||
| Q2 25 | 2.1% | 11.7% | ||
| Q1 25 | 3.7% | 17.9% | ||
| Q4 24 | 1.3% | 15.9% | ||
| Q3 24 | 1.2% | 11.7% | ||
| Q2 24 | 1.1% | 7.4% | ||
| Q1 24 | 1.5% | 8.5% |
现金转化率MIDDNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.30× | — | ||
| Q1 24 | 1.63× | — |
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
MIDD
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
