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MARZETTI CO（MZTI）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MARZETTI CO的1.2倍（$614.5M vs $518.0M），MARZETTI CO净利率更高（11.4% vs -2.0%，领先13.4%），Cloudflare, Inc.同比增速更快（33.6% vs 1.7%），Cloudflare, Inc.自由现金流更多（$105.2M vs $70.9M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 4.8%）
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
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。
MZTI vs NET — 直观对比
营收规模更大
NET
是对方的1.2倍
$518.0M
营收增速更快
NET
高出31.9%
1.7%
净利率更高
MZTI
高出13.4%
-2.0%
自由现金流更多
NET
多$34.3M
$70.9M
两年增速更快
NET
近两年复合增速
4.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $518.0M | $614.5M |
| 净利润 | $59.1M | $-12.1M |
| 毛利率 | 26.5% | 73.6% |
| 营业利润率 | 14.5% | -8.0% |
| 净利率 | 11.4% | -2.0% |
| 营收同比 | 1.7% | 33.6% |
| 净利润同比 | 20.6% | 6.0% |
| 每股收益（稀释后） | $2.15 | $-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MZTINET
| Q4 25 | $518.0M | $614.5M | ||
| Q3 25 | $493.5M | $562.0M | ||
| Q2 25 | $475.4M | $512.3M | ||
| Q1 25 | $457.8M | $479.1M | ||
| Q4 24 | $509.3M | $459.9M | ||
| Q3 24 | $466.6M | $430.1M | ||
| Q2 24 | $452.8M | $401.0M | ||
| Q1 24 | $471.4M | $378.6M |
净利润MZTINET
| Q4 25 | $59.1M | $-12.1M | ||
| Q3 25 | $47.2M | $-1.3M | ||
| Q2 25 | $32.5M | $-50.4M | ||
| Q1 25 | $41.1M | $-38.5M | ||
| Q4 24 | $49.0M | $-12.8M | ||
| Q3 24 | $44.7M | $-15.3M | ||
| Q2 24 | $34.8M | $-15.1M | ||
| Q1 24 | $28.4M | $-35.5M |
毛利率MZTINET
| Q4 25 | 26.5% | 73.6% | ||
| Q3 25 | 24.1% | 74.0% | ||
| Q2 25 | 22.3% | 74.9% | ||
| Q1 25 | 23.1% | 75.9% | ||
| Q4 24 | 26.1% | 76.4% | ||
| Q3 24 | 23.8% | 77.7% | ||
| Q2 24 | 21.6% | 77.8% | ||
| Q1 24 | 22.2% | 77.5% |
营业利润率MZTINET
| Q4 25 | 14.5% | -8.0% | ||
| Q3 25 | 12.0% | -6.7% | ||
| Q2 25 | 8.2% | -13.1% | ||
| Q1 25 | 10.9% | -11.1% | ||
| Q4 24 | 14.9% | -7.5% | ||
| Q3 24 | 12.0% | -7.2% | ||
| Q2 24 | 9.2% | -8.7% | ||
| Q1 24 | 7.5% | -14.4% |
净利率MZTINET
| Q4 25 | 11.4% | -2.0% | ||
| Q3 25 | 9.6% | -0.2% | ||
| Q2 25 | 6.8% | -9.8% | ||
| Q1 25 | 9.0% | -8.0% | ||
| Q4 24 | 9.6% | -2.8% | ||
| Q3 24 | 9.6% | -3.6% | ||
| Q2 24 | 7.7% | -3.8% | ||
| Q1 24 | 6.0% | -9.4% |
每股收益（稀释后）MZTINET
| Q4 25 | $2.15 | $-0.03 | ||
| Q3 25 | $1.71 | $0.00 | ||
| Q2 25 | $1.18 | $-0.15 | ||
| Q1 25 | $1.49 | $-0.11 | ||
| Q4 24 | $1.78 | $-0.05 | ||
| Q3 24 | $1.62 | $-0.04 | ||
| Q2 24 | $1.27 | $-0.04 | ||
| Q1 24 | $1.03 | $-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 | $201.6M | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $1.5B |
| 总资产 | $1.3B | $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MZTINET
| Q4 25 | $201.6M | $943.5M | ||
| Q3 25 | $182.2M | $1.1B | ||
| Q2 25 | $161.5M | $1.5B | ||
| Q1 25 | $124.6M | $204.5M | ||
| Q4 24 | $203.1M | $147.7M | ||
| Q3 24 | $135.1M | $182.9M | ||
| Q2 24 | $163.4M | $157.0M | ||
| Q1 24 | $164.8M | $254.4M |
股东权益MZTINET
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $998.5M | $1.2B | ||
| Q1 25 | $996.2M | $1.4B | ||
| Q4 24 | $979.9M | $1.0B | ||
| Q3 24 | $945.1M | $973.1M | ||
| Q2 24 | $925.8M | $881.5M | ||
| Q1 24 | $912.9M | $797.2M |
总资产MZTINET
| Q4 25 | $1.3B | $6.0B | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.3B | $5.6B | ||
| Q1 25 | $1.3B | $3.7B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.2B | $2.9B | ||
| Q1 24 | $1.2B | $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 | $88.6M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $70.9M | $105.2M |
| 自由现金流率自由现金流/营收 | 13.7% | 17.1% |
| 资本支出强度资本支出/营收 | 3.4% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.50× | — |
| 过去12个月自由现金流最近4个季度 | $229.5M | $287.5M |
8季度趋势，按日历期对齐
经营现金流MZTINET
| Q4 25 | $88.6M | $190.4M | ||
| Q3 25 | $69.5M | $167.1M | ||
| Q2 25 | $88.2M | $99.8M | ||
| Q1 25 | $45.8M | $145.8M | ||
| Q4 24 | $107.6M | $127.3M | ||
| Q3 24 | $19.9M | $104.7M | ||
| Q2 24 | $34.1M | $74.8M | ||
| Q1 24 | $75.9M | $73.6M |
自由现金流MZTINET
| Q4 25 | $70.9M | $105.2M | ||
| Q3 25 | $53.9M | $82.5M | ||
| Q2 25 | $73.9M | $39.9M | ||
| Q1 25 | $30.8M | $59.9M | ||
| Q4 24 | $96.6M | $54.2M | ||
| Q3 24 | $2.3M | $54.5M | ||
| Q2 24 | $18.5M | $45.2M | ||
| Q1 24 | $61.1M | $41.5M |
自由现金流率MZTINET
| Q4 25 | 13.7% | 17.1% | ||
| Q3 25 | 10.9% | 14.7% | ||
| Q2 25 | 15.5% | 7.8% | ||
| Q1 25 | 6.7% | 12.5% | ||
| Q4 24 | 19.0% | 11.8% | ||
| Q3 24 | 0.5% | 12.7% | ||
| Q2 24 | 4.1% | 11.3% | ||
| Q1 24 | 13.0% | 11.0% |
资本支出强度MZTINET
| Q4 25 | 3.4% | 13.9% | ||
| Q3 25 | 3.2% | 15.1% | ||
| Q2 25 | 3.0% | 11.7% | ||
| Q1 25 | 3.3% | 17.9% | ||
| Q4 24 | 2.2% | 15.9% | ||
| Q3 24 | 3.8% | 11.7% | ||
| Q2 24 | 3.4% | 7.4% | ||
| Q1 24 | 3.2% | 8.5% |
现金转化率MZTINET
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 2.71× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 2.20× | — | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | 0.98× | — | ||
| Q1 24 | 2.68× | — |
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
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
