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MYR GROUP INC.（MYRG）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
MYR GROUP INC.的季度营收约是Cloudflare, Inc.的1.6倍（$973.5M vs $614.5M），MYR GROUP INC.净利率更高（3.8% vs -2.0%，领先5.7%），Cloudflare, Inc.同比增速更快（33.6% vs 17.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $84.9M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 9.3%）
MYR集团是美国知名电气建设服务提供商，业务覆盖输配电线路、变电站、工商业建筑及可再生能源领域的电气施工，旗下拥有12家电气建设子公司，在北美电力基建赛道拥有深厚的技术积累与项目交付能力。
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。
MYRG vs NET — 直观对比
营收规模更大
MYRG
是对方的1.6倍
$614.5M
营收增速更快
NET
高出16.3%
17.3%
净利率更高
MYRG
高出5.7%
-2.0%
自由现金流更多
NET
多$20.3M
$84.9M
两年增速更快
NET
近两年复合增速
9.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $973.5M | $614.5M |
| 净利润 | $36.5M | $-12.1M |
| 毛利率 | 11.4% | 73.6% |
| 营业利润率 | 4.8% | -8.0% |
| 净利率 | 3.8% | -2.0% |
| 营收同比 | 17.3% | 33.6% |
| 净利润同比 | 129.1% | 6.0% |
| 每股收益（稀释后） | $2.33 | $-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MYRGNET
| Q4 25 | $973.5M | $614.5M | ||
| Q3 25 | $950.4M | $562.0M | ||
| Q2 25 | $900.3M | $512.3M | ||
| Q1 25 | $833.6M | $479.1M | ||
| Q4 24 | $829.8M | $459.9M | ||
| Q3 24 | $888.0M | $430.1M | ||
| Q2 24 | $828.9M | $401.0M | ||
| Q1 24 | $815.6M | $378.6M |
净利润MYRGNET
| Q4 25 | $36.5M | $-12.1M | ||
| Q3 25 | $32.1M | $-1.3M | ||
| Q2 25 | $26.5M | $-50.4M | ||
| Q1 25 | $23.3M | $-38.5M | ||
| Q4 24 | $16.0M | $-12.8M | ||
| Q3 24 | $10.6M | $-15.3M | ||
| Q2 24 | $-15.3M | $-15.1M | ||
| Q1 24 | $18.9M | $-35.5M |
毛利率MYRGNET
| Q4 25 | 11.4% | 73.6% | ||
| Q3 25 | 11.8% | 74.0% | ||
| Q2 25 | 11.5% | 74.9% | ||
| Q1 25 | 11.6% | 75.9% | ||
| Q4 24 | 10.4% | 76.4% | ||
| Q3 24 | 8.7% | 77.7% | ||
| Q2 24 | 4.9% | 77.8% | ||
| Q1 24 | 10.6% | 77.5% |
营业利润率MYRGNET
| Q4 25 | 4.8% | -8.0% | ||
| Q3 25 | 4.9% | -6.7% | ||
| Q2 25 | 4.4% | -13.1% | ||
| Q1 25 | 4.1% | -11.1% | ||
| Q4 24 | 3.6% | -7.5% | ||
| Q3 24 | 2.3% | -7.2% | ||
| Q2 24 | -2.5% | -8.7% | ||
| Q1 24 | 3.0% | -14.4% |
净利率MYRGNET
| Q4 25 | 3.8% | -2.0% | ||
| Q3 25 | 3.4% | -0.2% | ||
| Q2 25 | 2.9% | -9.8% | ||
| Q1 25 | 2.8% | -8.0% | ||
| Q4 24 | 1.9% | -2.8% | ||
| Q3 24 | 1.2% | -3.6% | ||
| Q2 24 | -1.8% | -3.8% | ||
| Q1 24 | 2.3% | -9.4% |
每股收益（稀释后）MYRGNET
| Q4 25 | $2.33 | $-0.03 | ||
| Q3 25 | $2.05 | $0.00 | ||
| Q2 25 | $1.70 | $-0.15 | ||
| Q1 25 | $1.45 | $-0.11 | ||
| Q4 24 | $0.97 | $-0.05 | ||
| Q3 24 | $0.65 | $-0.04 | ||
| Q2 24 | $-0.91 | $-0.04 | ||
| Q1 24 | $1.12 | $-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 | $150.2M | $943.5M |
| 总债务越低越好 | $59.0M | — |
| 股东权益账面价值 | $660.4M | $1.5B |
| 总资产 | $1.6B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.09× | — |
8季度趋势，按日历期对齐
现金及短期投资MYRGNET
| Q4 25 | $150.2M | $943.5M | ||
| Q3 25 | $76.2M | $1.1B | ||
| Q2 25 | $23.0M | $1.5B | ||
| Q1 25 | $10.9M | $204.5M | ||
| Q4 24 | $3.5M | $147.7M | ||
| Q3 24 | $7.6M | $182.9M | ||
| Q2 24 | $1.9M | $157.0M | ||
| Q1 24 | $3.9M | $254.4M |
总债务MYRGNET
| Q4 25 | $59.0M | — | ||
| Q3 25 | $72.0M | — | ||
| Q2 25 | $86.1M | — | ||
| Q1 25 | $87.2M | — | ||
| Q4 24 | $74.4M | — | ||
| Q3 24 | $93.2M | — | ||
| Q2 24 | $45.1M | — | ||
| Q1 24 | $37.9M | — |
股东权益MYRGNET
| Q4 25 | $660.4M | $1.5B | ||
| Q3 25 | $617.6M | $1.3B | ||
| Q2 25 | $583.2M | $1.2B | ||
| Q1 25 | $548.7M | $1.4B | ||
| Q4 24 | $600.4M | $1.0B | ||
| Q3 24 | $588.5M | $973.1M | ||
| Q2 24 | $633.3M | $881.5M | ||
| Q1 24 | $663.7M | $797.2M |
总资产MYRGNET
| Q4 25 | $1.6B | $6.0B | ||
| Q3 25 | $1.6B | $5.8B | ||
| Q2 25 | $1.6B | $5.6B | ||
| Q1 25 | $1.5B | $3.7B | ||
| Q4 24 | $1.6B | $3.3B | ||
| Q3 24 | $1.6B | $3.1B | ||
| Q2 24 | $1.6B | $2.9B | ||
| Q1 24 | $1.6B | $2.8B |
负债/权益比MYRGNET
| Q4 25 | 0.09× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.16× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.06× | — |
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 | $114.8M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $84.9M | $105.2M |
| 自由现金流率自由现金流/营收 | 8.7% | 17.1% |
| 资本支出强度资本支出/营收 | 3.1% | 13.9% |
| 现金转化率经营现金流/净利润 | 3.14× | — |
| 过去12个月自由现金流最近4个季度 | $232.2M | $287.5M |
8季度趋势，按日历期对齐
经营现金流MYRGNET
| Q4 25 | $114.8M | $190.4M | ||
| Q3 25 | $95.6M | $167.1M | ||
| Q2 25 | $32.9M | $99.8M | ||
| Q1 25 | $83.3M | $145.8M | ||
| Q4 24 | $21.1M | $127.3M | ||
| Q3 24 | $35.6M | $104.7M | ||
| Q2 24 | $22.7M | $74.8M | ||
| Q1 24 | $7.7M | $73.6M |
自由现金流MYRGNET
| Q4 25 | $84.9M | $105.2M | ||
| Q3 25 | $65.4M | $82.5M | ||
| Q2 25 | $11.6M | $39.9M | ||
| Q1 25 | $70.2M | $59.9M | ||
| Q4 24 | $8.8M | $54.2M | ||
| Q3 24 | $18.0M | $54.5M | ||
| Q2 24 | $2.5M | $45.2M | ||
| Q1 24 | $-18.1M | $41.5M |
自由现金流率MYRGNET
| Q4 25 | 8.7% | 17.1% | ||
| Q3 25 | 6.9% | 14.7% | ||
| Q2 25 | 1.3% | 7.8% | ||
| Q1 25 | 8.4% | 12.5% | ||
| Q4 24 | 1.1% | 11.8% | ||
| Q3 24 | 2.0% | 12.7% | ||
| Q2 24 | 0.3% | 11.3% | ||
| Q1 24 | -2.2% | 11.0% |
资本支出强度MYRGNET
| Q4 25 | 3.1% | 13.9% | ||
| Q3 25 | 3.2% | 15.1% | ||
| Q2 25 | 2.4% | 11.7% | ||
| Q1 25 | 1.6% | 17.9% | ||
| Q4 24 | 1.5% | 15.9% | ||
| Q3 24 | 2.0% | 11.7% | ||
| Q2 24 | 2.4% | 7.4% | ||
| Q1 24 | 3.2% | 8.5% |
现金转化率MYRGNET
| Q4 25 | 3.14× | — | ||
| Q3 25 | 2.98× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 3.57× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 3.35× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.41× | — |
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
MYRG
| Market Type Electrical Construction | $442.6M | 45% |
| Market Type Transmission | $330.3M | 34% |
| Market Type Distribution | $200.6M | 21% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
