vs
Mueller Water Products, Inc.（MWA）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Mueller Water Products, Inc.的1.9倍（$614.5M vs $318.2M），Mueller Water Products, Inc.净利率更高（13.6% vs -2.0%，领先15.5%），Cloudflare, Inc.同比增速更快（33.6% vs 4.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $44.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -5.1%）
穆勒水业（Mueller Water Products, Inc.）是总部位于美国佐治亚州亚特兰大的上市企业，为北美规模顶尖的消防栓、闸阀及其他水务基础设施产品生产商与分销商之一，旗下设有Mueller Co.和Mueller Technologies两大业务单元，运营包括Echologics、Mueller Systems在内的十余个品牌及关联主体。
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。
MWA vs NET — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $318.2M | $614.5M |
| 净利润 | $43.2M | $-12.1M |
| 毛利率 | 37.6% | 73.6% |
| 营业利润率 | 17.8% | -8.0% |
| 净利率 | 13.6% | -2.0% |
| 营收同比 | 4.6% | 33.6% |
| 净利润同比 | 22.4% | 6.0% |
| 每股收益（稀释后） | $0.27 | $-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
| Q4 25 | $318.2M | $614.5M | ||
| Q3 25 | $380.8M | $562.0M | ||
| Q2 25 | $380.3M | $512.3M | ||
| Q1 25 | $364.3M | $479.1M | ||
| Q4 24 | $304.3M | $459.9M | ||
| Q3 24 | $348.2M | $430.1M | ||
| Q2 24 | $356.7M | $401.0M | ||
| Q1 24 | $353.4M | $378.6M |
| Q4 25 | $43.2M | $-12.1M | ||
| Q3 25 | $52.6M | $-1.3M | ||
| Q2 25 | $52.5M | $-50.4M | ||
| Q1 25 | $51.3M | $-38.5M | ||
| Q4 24 | $35.3M | $-12.8M | ||
| Q3 24 | $10.0M | $-15.3M | ||
| Q2 24 | $47.3M | $-15.1M | ||
| Q1 24 | $44.3M | $-35.5M |
| Q4 25 | 37.6% | 73.6% | ||
| Q3 25 | 36.8% | 74.0% | ||
| Q2 25 | 38.3% | 74.9% | ||
| Q1 25 | 35.1% | 75.9% | ||
| Q4 24 | 33.8% | 76.4% | ||
| Q3 24 | 31.8% | 77.7% | ||
| Q2 24 | 36.8% | 77.8% | ||
| Q1 24 | 36.9% | 77.5% |
| Q4 25 | 17.8% | -8.0% | ||
| Q3 25 | 18.3% | -6.7% | ||
| Q2 25 | 19.4% | -13.1% | ||
| Q1 25 | 19.2% | -11.1% | ||
| Q4 24 | 15.6% | -7.5% | ||
| Q3 24 | 8.2% | -7.2% | ||
| Q2 24 | 18.8% | -8.7% | ||
| Q1 24 | 18.0% | -14.4% |
| Q4 25 | 13.6% | -2.0% | ||
| Q3 25 | 13.8% | -0.2% | ||
| Q2 25 | 13.8% | -9.8% | ||
| Q1 25 | 14.1% | -8.0% | ||
| Q4 24 | 11.6% | -2.8% | ||
| Q3 24 | 2.9% | -3.6% | ||
| Q2 24 | 13.3% | -3.8% | ||
| Q1 24 | 12.5% | -9.4% |
| Q4 25 | $0.27 | $-0.03 | ||
| Q3 25 | $0.34 | $0.00 | ||
| Q2 25 | $0.33 | $-0.15 | ||
| Q1 25 | $0.33 | $-0.11 | ||
| Q4 24 | $0.22 | $-0.05 | ||
| Q3 24 | $0.07 | $-0.04 | ||
| Q2 24 | $0.30 | $-0.04 | ||
| Q1 24 | $0.28 | $-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 | — | — |
| 股东权益账面价值 | $1.0B | $1.5B |
| 总资产 | $1.8B | $6.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $981.7M | $1.3B | ||
| Q2 25 | $929.0M | $1.2B | ||
| Q1 25 | $873.6M | $1.4B | ||
| Q4 24 | $834.1M | $1.0B | ||
| Q3 24 | $810.1M | $973.1M | ||
| Q2 24 | $791.6M | $881.5M | ||
| Q1 24 | $754.5M | $797.2M |
| Q4 25 | $1.8B | $6.0B | ||
| Q3 25 | $1.8B | $5.8B | ||
| Q2 25 | $1.7B | $5.6B | ||
| Q1 25 | $1.7B | $3.7B | ||
| Q4 24 | $1.6B | $3.3B | ||
| Q3 24 | $1.6B | $3.1B | ||
| Q2 24 | $1.6B | $2.9B | ||
| Q1 24 | $1.5B | $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 | $61.2M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 13.8% | 17.1% |
| 资本支出强度资本支出/营收 | 5.4% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $173.8M | $287.5M |
8季度趋势，按日历期对齐
| Q4 25 | $61.2M | $190.4M | ||
| Q3 25 | $83.5M | $167.1M | ||
| Q2 25 | $67.4M | $99.8M | ||
| Q1 25 | $14.3M | $145.8M | ||
| Q4 24 | $54.1M | $127.3M | ||
| Q3 24 | $89.3M | $104.7M | ||
| Q2 24 | $87.3M | $74.8M | ||
| Q1 24 | $-5.7M | $73.6M |
| Q4 25 | $44.0M | $105.2M | ||
| Q3 25 | $69.0M | $82.5M | ||
| Q2 25 | $55.7M | $39.9M | ||
| Q1 25 | $5.1M | $59.9M | ||
| Q4 24 | $42.2M | $54.2M | ||
| Q3 24 | $69.9M | $54.5M | ||
| Q2 24 | $75.1M | $45.2M | ||
| Q1 24 | $-15.8M | $41.5M |
| Q4 25 | 13.8% | 17.1% | ||
| Q3 25 | 18.1% | 14.7% | ||
| Q2 25 | 14.6% | 7.8% | ||
| Q1 25 | 1.4% | 12.5% | ||
| Q4 24 | 13.9% | 11.8% | ||
| Q3 24 | 20.1% | 12.7% | ||
| Q2 24 | 21.1% | 11.3% | ||
| Q1 24 | -4.5% | 11.0% |
| Q4 25 | 5.4% | 13.9% | ||
| Q3 25 | 3.8% | 15.1% | ||
| Q2 25 | 3.1% | 11.7% | ||
| Q1 25 | 2.5% | 17.9% | ||
| Q4 24 | 3.9% | 15.9% | ||
| Q3 24 | 5.6% | 11.7% | ||
| Q2 24 | 3.4% | 7.4% | ||
| Q1 24 | 2.9% | 8.5% |
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 1.53× | — | ||
| Q3 24 | 8.93× | — | ||
| Q2 24 | 1.85× | — | ||
| Q1 24 | -0.13× | — |
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
MWA
| Water Flow Solutions | $173.0M | 54% |
| Water Management Solutions | $145.2M | 46% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
