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MATERION Corp（MTRN）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MATERION Corp的1.3倍（$614.5M vs $489.8M），MATERION Corp净利率更高（1.3% vs -2.0%，领先3.3%），Cloudflare, Inc.同比增速更快（33.6% vs 12.1%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 12.7%）
Materion是一家专注于高性能先进材料领域的跨国企业，核心产品涵盖先进铍金属、薄膜沉积材料、高性能合金及复合材料、特种工程铍、工程金属、工业陶瓷、钽、铌等各类贵金属与非贵金属，同时提供无机化学品及特种涂层解决方案，广泛应用于高端制造领域。
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。
MTRN vs NET — 直观对比
营收规模更大
NET
是对方的1.3倍
$489.8M
营收增速更快
NET
高出21.5%
12.1%
净利率更高
MTRN
高出3.3%
-2.0%
两年增速更快
NET
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $489.8M | $614.5M |
| 净利润 | $6.6M | $-12.1M |
| 毛利率 | 13.0% | 73.6% |
| 营业利润率 | 2.2% | -8.0% |
| 净利率 | 1.3% | -2.0% |
| 营收同比 | 12.1% | 33.6% |
| 净利润同比 | 113.5% | 6.0% |
| 每股收益（稀释后） | $0.30 | $-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MTRNNET
| Q4 25 | $489.8M | $614.5M | ||
| Q3 25 | $444.8M | $562.0M | ||
| Q2 25 | $431.7M | $512.3M | ||
| Q1 25 | $420.3M | $479.1M | ||
| Q4 24 | $436.9M | $459.9M | ||
| Q3 24 | $436.7M | $430.1M | ||
| Q2 24 | $425.9M | $401.0M | ||
| Q1 24 | $385.3M | $378.6M |
净利润MTRNNET
| Q4 25 | $6.6M | $-12.1M | ||
| Q3 25 | $25.4M | $-1.3M | ||
| Q2 25 | $25.1M | $-50.4M | ||
| Q1 25 | $17.7M | $-38.5M | ||
| Q4 24 | $-48.9M | $-12.8M | ||
| Q3 24 | $22.3M | $-15.3M | ||
| Q2 24 | $19.0M | $-15.1M | ||
| Q1 24 | $13.4M | $-35.5M |
毛利率MTRNNET
| Q4 25 | 13.0% | 73.6% | ||
| Q3 25 | 19.4% | 74.0% | ||
| Q2 25 | 19.1% | 74.9% | ||
| Q1 25 | 18.1% | 75.9% | ||
| Q4 24 | 21.3% | 76.4% | ||
| Q3 24 | 18.5% | 77.7% | ||
| Q2 24 | 19.0% | 77.8% | ||
| Q1 24 | 18.5% | 77.5% |
营业利润率MTRNNET
| Q4 25 | 2.2% | -8.0% | ||
| Q3 25 | 7.9% | -6.7% | ||
| Q2 25 | 8.5% | -13.1% | ||
| Q1 25 | 6.5% | -11.1% | ||
| Q4 24 | -8.8% | -7.5% | ||
| Q3 24 | 7.2% | -7.2% | ||
| Q2 24 | 7.5% | -8.7% | ||
| Q1 24 | 5.8% | -14.4% |
净利率MTRNNET
| Q4 25 | 1.3% | -2.0% | ||
| Q3 25 | 5.7% | -0.2% | ||
| Q2 25 | 5.8% | -9.8% | ||
| Q1 25 | 4.2% | -8.0% | ||
| Q4 24 | -11.2% | -2.8% | ||
| Q3 24 | 5.1% | -3.6% | ||
| Q2 24 | 4.5% | -3.8% | ||
| Q1 24 | 3.5% | -9.4% |
每股收益（稀释后）MTRNNET
| Q4 25 | $0.30 | $-0.03 | ||
| Q3 25 | $1.22 | $0.00 | ||
| Q2 25 | $1.21 | $-0.15 | ||
| Q1 25 | $0.85 | $-0.11 | ||
| Q4 24 | $-2.34 | $-0.05 | ||
| Q3 24 | $1.07 | $-0.04 | ||
| Q2 24 | $0.91 | $-0.04 | ||
| Q1 24 | $0.64 | $-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 | $13.7M | $943.5M |
| 总债务越低越好 | $460.6M | — |
| 股东权益账面价值 | $943.3M | $1.5B |
| 总资产 | $1.8B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资MTRNNET
| Q4 25 | $13.7M | $943.5M | ||
| Q3 25 | $16.4M | $1.1B | ||
| Q2 25 | $12.6M | $1.5B | ||
| Q1 25 | $15.6M | $204.5M | ||
| Q4 24 | $16.7M | $147.7M | ||
| Q3 24 | $17.9M | $182.9M | ||
| Q2 24 | $17.1M | $157.0M | ||
| Q1 24 | $13.1M | $254.4M |
总债务MTRNNET
| Q4 25 | $460.6M | — | ||
| Q3 25 | $458.9M | — | ||
| Q2 25 | $427.6M | — | ||
| Q1 25 | $453.0M | — | ||
| Q4 24 | $443.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $477.9M | — |
股东权益MTRNNET
| Q4 25 | $943.3M | $1.5B | ||
| Q3 25 | $934.6M | $1.3B | ||
| Q2 25 | $910.6M | $1.2B | ||
| Q1 25 | $887.9M | $1.4B | ||
| Q4 24 | $868.9M | $1.0B | ||
| Q3 24 | $931.9M | $973.1M | ||
| Q2 24 | $907.1M | $881.5M | ||
| Q1 24 | $889.9M | $797.2M |
总资产MTRNNET
| Q4 25 | $1.8B | $6.0B | ||
| Q3 25 | $1.8B | $5.8B | ||
| Q2 25 | $1.7B | $5.6B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $1.9B | $3.1B | ||
| Q2 24 | $1.8B | $2.9B | ||
| Q1 24 | $1.8B | $2.8B |
负债/权益比MTRNNET
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.54× | — |
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 | $19.5M | $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 | 2.97× | — |
| 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MTRNNET
| Q4 25 | $19.5M | $190.4M | ||
| Q3 25 | $18.3M | $167.1M | ||
| Q2 25 | $49.9M | $99.8M | ||
| Q1 25 | $15.5M | $145.8M | ||
| Q4 24 | $76.3M | $127.3M | ||
| Q3 24 | $5.1M | $104.7M | ||
| Q2 24 | $20.3M | $74.8M | ||
| Q1 24 | $-13.8M | $73.6M |
自由现金流MTRNNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | $3.2M | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | $-24.3M | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | $-35.1M | $41.5M |
自由现金流率MTRNNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | 0.8% | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | -5.6% | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | -9.1% | 11.0% |
资本支出强度MTRNNET
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | 2.9% | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | 6.7% | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | 5.5% | 8.5% |
现金转化率MTRNNET
| Q4 25 | 2.97× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 1.99× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | -1.03× | — |
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
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
