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Matador Resources Co（MTDR）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Matador Resources Co的季度营收约是Cloudflare, Inc.的1.3倍（$809.5M vs $614.5M），Matador Resources Co净利率更高（23.8% vs -2.0%，领先25.7%），Cloudflare, Inc.同比增速更快（33.6% vs -17.2%），Cloudflare, Inc.自由现金流更多（$105.2M vs $8.1M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 1.5%）
Matador Resources Co是一家独立能源企业，主营石油、天然气及天然气凝液的勘探、开发、生产与收购业务，核心运营区域分布在美国多个主要陆上资源盆地，产品主要供应北美能源市场。
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。
MTDR vs NET — 直观对比
营收规模更大
MTDR
是对方的1.3倍
$614.5M
营收增速更快
NET
高出50.9%
-17.2%
净利率更高
MTDR
高出25.7%
-2.0%
自由现金流更多
NET
多$97.2M
$8.1M
两年增速更快
NET
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $809.5M | $614.5M |
| 净利润 | $192.5M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 30.0% | -8.0% |
| 净利率 | 23.8% | -2.0% |
| 营收同比 | -17.2% | 33.6% |
| 净利润同比 | -10.2% | 6.0% |
| 每股收益（稀释后） | $1.54 | $-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MTDRNET
| Q4 25 | $809.5M | $614.5M | ||
| Q3 25 | $915.1M | $562.0M | ||
| Q2 25 | $925.7M | $512.3M | ||
| Q1 25 | $1.0B | $479.1M | ||
| Q4 24 | $978.3M | $459.9M | ||
| Q3 24 | $860.1M | $430.1M | ||
| Q2 24 | $855.2M | $401.0M | ||
| Q1 24 | $785.3M | $378.6M |
净利润MTDRNET
| Q4 25 | $192.5M | $-12.1M | ||
| Q3 25 | $176.4M | $-1.3M | ||
| Q2 25 | $150.2M | $-50.4M | ||
| Q1 25 | $240.1M | $-38.5M | ||
| Q4 24 | $214.5M | $-12.8M | ||
| Q3 24 | $248.3M | $-15.3M | ||
| Q2 24 | $228.8M | $-15.1M | ||
| Q1 24 | $193.7M | $-35.5M |
毛利率MTDRNET
| 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MTDRNET
| Q4 25 | 30.0% | -8.0% | ||
| Q3 25 | 33.4% | -6.7% | ||
| Q2 25 | 31.2% | -13.1% | ||
| Q1 25 | 38.7% | -11.1% | ||
| Q4 24 | 36.8% | -7.5% | ||
| Q3 24 | 45.6% | -7.2% | ||
| Q2 24 | 42.5% | -8.7% | ||
| Q1 24 | 40.6% | -14.4% |
净利率MTDRNET
| Q4 25 | 23.8% | -2.0% | ||
| Q3 25 | 19.3% | -0.2% | ||
| Q2 25 | 16.2% | -9.8% | ||
| Q1 25 | 23.9% | -8.0% | ||
| Q4 24 | 21.9% | -2.8% | ||
| Q3 24 | 28.9% | -3.6% | ||
| Q2 24 | 26.8% | -3.8% | ||
| Q1 24 | 24.7% | -9.4% |
每股收益（稀释后）MTDRNET
| Q4 25 | $1.54 | $-0.03 | ||
| Q3 25 | $1.42 | $0.00 | ||
| Q2 25 | $1.21 | $-0.15 | ||
| Q1 25 | $1.92 | $-0.11 | ||
| Q4 24 | $1.71 | $-0.05 | ||
| Q3 24 | $1.99 | $-0.04 | ||
| Q2 24 | $1.83 | $-0.04 | ||
| Q1 24 | $1.61 | $-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 | $15.3M | $943.5M |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | $5.7B | $1.5B |
| 总资产 | $11.7B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.60× | — |
8季度趋势，按日历期对齐
现金及短期投资MTDRNET
| Q4 25 | $15.3M | $943.5M | ||
| Q3 25 | $20.1M | $1.1B | ||
| Q2 25 | $10.5M | $1.5B | ||
| Q1 25 | $14.5M | $204.5M | ||
| Q4 24 | $23.0M | $147.7M | ||
| Q3 24 | $23.3M | $182.9M | ||
| Q2 24 | $15.2M | $157.0M | ||
| Q1 24 | $23.2M | $254.4M |
总债务MTDRNET
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MTDRNET
| Q4 25 | $5.7B | $1.5B | ||
| Q3 25 | $5.5B | $1.3B | ||
| Q2 25 | $5.4B | $1.2B | ||
| Q1 25 | $5.3B | $1.4B | ||
| Q4 24 | $5.1B | $1.0B | ||
| Q3 24 | $4.9B | $973.1M | ||
| Q2 24 | $4.6B | $881.5M | ||
| Q1 24 | $4.4B | $797.2M |
总资产MTDRNET
| Q4 25 | $11.7B | $6.0B | ||
| Q3 25 | $11.6B | $5.8B | ||
| Q2 25 | $11.3B | $5.6B | ||
| Q1 25 | $11.1B | $3.7B | ||
| Q4 24 | $10.9B | $3.3B | ||
| Q3 24 | $10.6B | $3.1B | ||
| Q2 24 | $8.5B | $2.9B | ||
| Q1 24 | $8.2B | $2.8B |
负债/权益比MTDRNET
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.65× | — | ||
| 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 | $474.4M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $8.1M | $105.2M |
| 自由现金流率自由现金流/营收 | 1.0% | 17.1% |
| 资本支出强度资本支出/营收 | 57.6% | 13.9% |
| 现金转化率经营现金流/净利润 | 2.46× | — |
| 过去12个月自由现金流最近4个季度 | $269.6M | $287.5M |
8季度趋势，按日历期对齐
经营现金流MTDRNET
| Q4 25 | $474.4M | $190.4M | ||
| Q3 25 | $721.7M | $167.1M | ||
| Q2 25 | $501.0M | $99.8M | ||
| Q1 25 | $727.9M | $145.8M | ||
| Q4 24 | $575.0M | $127.3M | ||
| Q3 24 | $610.4M | $104.7M | ||
| Q2 24 | $592.9M | $74.8M | ||
| Q1 24 | $468.6M | $73.6M |
自由现金流MTDRNET
| Q4 25 | $8.1M | $105.2M | ||
| Q3 25 | $78.3M | $82.5M | ||
| Q2 25 | $9.6M | $39.9M | ||
| Q1 25 | $173.6M | $59.9M | ||
| Q4 24 | $45.2M | $54.2M | ||
| Q3 24 | $-1.6B | $54.5M | ||
| Q2 24 | $69.0M | $45.2M | ||
| Q1 24 | $-170.0M | $41.5M |
自由现金流率MTDRNET
| Q4 25 | 1.0% | 17.1% | ||
| Q3 25 | 8.6% | 14.7% | ||
| Q2 25 | 1.0% | 7.8% | ||
| Q1 25 | 17.3% | 12.5% | ||
| Q4 24 | 4.6% | 11.8% | ||
| Q3 24 | -186.5% | 12.7% | ||
| Q2 24 | 8.1% | 11.3% | ||
| Q1 24 | -21.6% | 11.0% |
资本支出强度MTDRNET
| Q4 25 | 57.6% | 13.9% | ||
| Q3 25 | 70.3% | 15.1% | ||
| Q2 25 | 53.1% | 11.7% | ||
| Q1 25 | 55.1% | 17.9% | ||
| Q4 24 | 54.2% | 15.9% | ||
| Q3 24 | 257.4% | 11.7% | ||
| Q2 24 | 61.3% | 7.4% | ||
| Q1 24 | 81.3% | 8.5% |
现金转化率MTDRNET
| Q4 25 | 2.46× | — | ||
| Q3 25 | 4.09× | — | ||
| Q2 25 | 3.34× | — | ||
| Q1 25 | 3.03× | — | ||
| Q4 24 | 2.68× | — | ||
| Q3 24 | 2.46× | — | ||
| Q2 24 | 2.59× | — | ||
| Q1 24 | 2.42× | — |
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
MTDR
| Oil And Gas | $702.8M | 87% |
| Natural Gas Sales | $61.3M | 8% |
| Natural Gas Midstream | $45.4M | 6% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
