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梅特勒-托利多（MTD）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
梅特勒-托利多的季度营收约是Cloudflare, Inc.的1.8倍（$1.1B vs $614.5M），梅特勒-托利多净利率更高（25.3% vs -2.0%，领先27.3%），Cloudflare, Inc.同比增速更快（33.6% vs 8.1%），梅特勒-托利多自由现金流更多（$184.1M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 10.5%）
梅特勒-托利多是全球知名的精密仪器及服务跨国供应商，业务覆盖实验室、工业生产、产品检测、食品零售等应用场景，旗下产品广泛应用于生命科学、食品、化工等众多行业的科研、质量管控及生产制造环节。
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。
MTD vs NET — 直观对比
营收规模更大
MTD
是对方的1.8倍
$614.5M
营收增速更快
NET
高出25.5%
8.1%
净利率更高
MTD
高出27.3%
-2.0%
自由现金流更多
MTD
多$78.9M
$105.2M
两年增速更快
NET
近两年复合增速
10.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $614.5M |
| 净利润 | $285.8M | $-12.1M |
| 毛利率 | 59.8% | 73.6% |
| 营业利润率 | 29.1% | -8.0% |
| 净利率 | 25.3% | -2.0% |
| 营收同比 | 8.1% | 33.6% |
| 净利润同比 | 13.3% | 6.0% |
| 每股收益（稀释后） | $13.91 | $-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MTDNET
| Q4 25 | $1.1B | $614.5M | ||
| Q3 25 | $1.0B | $562.0M | ||
| Q2 25 | $983.2M | $512.3M | ||
| Q1 25 | $883.7M | $479.1M | ||
| Q4 24 | $1.0B | $459.9M | ||
| Q3 24 | $954.5M | $430.1M | ||
| Q2 24 | $946.8M | $401.0M | ||
| Q1 24 | $925.9M | $378.6M |
净利润MTDNET
| Q4 25 | $285.8M | $-12.1M | ||
| Q3 25 | $217.5M | $-1.3M | ||
| Q2 25 | $202.3M | $-50.4M | ||
| Q1 25 | $163.6M | $-38.5M | ||
| Q4 24 | $252.3M | $-12.8M | ||
| Q3 24 | $211.5M | $-15.3M | ||
| Q2 24 | $221.8M | $-15.1M | ||
| Q1 24 | $177.5M | $-35.5M |
毛利率MTDNET
| Q4 25 | 59.8% | 73.6% | ||
| Q3 25 | 59.2% | 74.0% | ||
| Q2 25 | 59.0% | 74.9% | ||
| Q1 25 | 59.5% | 75.9% | ||
| Q4 24 | 61.2% | 76.4% | ||
| Q3 24 | 60.0% | 77.7% | ||
| Q2 24 | 59.7% | 77.8% | ||
| Q1 24 | 59.2% | 77.5% |
营业利润率MTDNET
| Q4 25 | 29.1% | -8.0% | ||
| Q3 25 | 26.1% | -6.7% | ||
| Q2 25 | 25.3% | -13.1% | ||
| Q1 25 | 22.9% | -11.1% | ||
| Q4 24 | 30.1% | -7.5% | ||
| Q3 24 | 27.1% | -7.2% | ||
| Q2 24 | 25.7% | -8.7% | ||
| Q1 24 | 23.8% | -14.4% |
净利率MTDNET
| Q4 25 | 25.3% | -2.0% | ||
| Q3 25 | 21.1% | -0.2% | ||
| Q2 25 | 20.6% | -9.8% | ||
| Q1 25 | 18.5% | -8.0% | ||
| Q4 24 | 24.1% | -2.8% | ||
| Q3 24 | 22.2% | -3.6% | ||
| Q2 24 | 23.4% | -3.8% | ||
| Q1 24 | 19.2% | -9.4% |
每股收益（稀释后）MTDNET
| Q4 25 | $13.91 | $-0.03 | ||
| Q3 25 | $10.57 | $0.00 | ||
| Q2 25 | $9.76 | $-0.15 | ||
| Q1 25 | $7.81 | $-0.11 | ||
| Q4 24 | $11.91 | $-0.05 | ||
| Q3 24 | $9.96 | $-0.04 | ||
| Q2 24 | $10.37 | $-0.04 | ||
| Q1 24 | $8.24 | $-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 | — | $943.5M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $-23.6M | $1.5B |
| 总资产 | $3.7B | $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MTDNET
| Q4 25 | — | $943.5M | ||
| Q3 25 | $69.1M | $1.1B | ||
| Q2 25 | $61.8M | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | $59.4M | $147.7M | ||
| Q3 24 | $71.6M | $182.9M | ||
| Q2 24 | $70.8M | $157.0M | ||
| Q1 24 | — | $254.4M |
总债务MTDNET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | — | — |
股东权益MTDNET
| Q4 25 | $-23.6M | $1.5B | ||
| Q3 25 | $-249.2M | $1.3B | ||
| Q2 25 | $-258.8M | $1.2B | ||
| Q1 25 | $-182.0M | $1.4B | ||
| Q4 24 | $-126.9M | $1.0B | ||
| Q3 24 | $-154.4M | $973.1M | ||
| Q2 24 | $-152.8M | $881.5M | ||
| Q1 24 | $-158.7M | $797.2M |
总资产MTDNET
| Q4 25 | $3.7B | $6.0B | ||
| Q3 25 | $3.5B | $5.8B | ||
| Q2 25 | $3.4B | $5.6B | ||
| Q1 25 | $3.2B | $3.7B | ||
| Q4 24 | $3.2B | $3.3B | ||
| Q3 24 | $3.3B | $3.1B | ||
| Q2 24 | $3.2B | $2.9B | ||
| Q1 24 | $3.3B | $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 | $225.6M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $184.1M | $105.2M |
| 自由现金流率自由现金流/营收 | 16.3% | 17.1% |
| 资本支出强度资本支出/营收 | 3.7% | 13.9% |
| 现金转化率经营现金流/净利润 | 0.79× | — |
| 过去12个月自由现金流最近4个季度 | $848.6M | $287.5M |
8季度趋势，按日历期对齐
经营现金流MTDNET
| Q4 25 | $225.6M | $190.4M | ||
| Q3 25 | $299.4M | $167.1M | ||
| Q2 25 | $236.4M | $99.8M | ||
| Q1 25 | $194.4M | $145.8M | ||
| Q4 24 | $266.2M | $127.3M | ||
| Q3 24 | $254.7M | $104.7M | ||
| Q2 24 | $257.5M | $74.8M | ||
| Q1 24 | $190.0M | $73.6M |
自由现金流MTDNET
| Q4 25 | $184.1M | $105.2M | ||
| Q3 25 | $274.9M | $82.5M | ||
| Q2 25 | $212.5M | $39.9M | ||
| Q1 25 | $177.2M | $59.9M | ||
| Q4 24 | $224.9M | $54.2M | ||
| Q3 24 | $233.2M | $54.5M | ||
| Q2 24 | $233.7M | $45.2M | ||
| Q1 24 | $172.6M | $41.5M |
自由现金流率MTDNET
| Q4 25 | 16.3% | 17.1% | ||
| Q3 25 | 26.7% | 14.7% | ||
| Q2 25 | 21.6% | 7.8% | ||
| Q1 25 | 20.1% | 12.5% | ||
| Q4 24 | 21.5% | 11.8% | ||
| Q3 24 | 24.4% | 12.7% | ||
| Q2 24 | 24.7% | 11.3% | ||
| Q1 24 | 18.6% | 11.0% |
资本支出强度MTDNET
| Q4 25 | 3.7% | 13.9% | ||
| Q3 25 | 2.4% | 15.1% | ||
| Q2 25 | 2.4% | 11.7% | ||
| Q1 25 | 2.0% | 17.9% | ||
| Q4 24 | 3.9% | 15.9% | ||
| Q3 24 | 2.2% | 11.7% | ||
| Q2 24 | 2.5% | 7.4% | ||
| Q1 24 | 1.9% | 8.5% |
现金转化率MTDNET
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.16× | — | ||
| Q1 24 | 1.07× | — |
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
MTD
| Products | $857.0M | 76% |
| Services | $272.8M | 24% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
