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诺信（NDSN）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
诺信的季度营收约是Cloudflare, Inc.的1.2倍（$751.8M vs $614.5M），诺信净利率更高（20.2% vs -2.0%，领先22.1%），Cloudflare, Inc.同比增速更快（33.6% vs 1.0%），诺信自由现金流更多（$193.9M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 9.0%）
诺信（Nordson Corporation）是总部位于美国的跨国企业，专业设计生产民用及工业场景使用的胶粘剂、密封剂、涂料喷涂设备，同时生产电子元器件检测设备、固化及表面处理技术系统，还布局了医疗设备与组件技术相关业务。
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。
NDSN vs NET — 直观对比
营收规模更大
NDSN
是对方的1.2倍
$614.5M
营收增速更快
NET
高出32.6%
1.0%
净利率更高
NDSN
高出22.1%
-2.0%
自由现金流更多
NDSN
多$88.6M
$105.2M
两年增速更快
NET
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.8M | $614.5M |
| 净利润 | $151.6M | $-12.1M |
| 毛利率 | 56.3% | 73.6% |
| 营业利润率 | 28.5% | -8.0% |
| 净利率 | 20.2% | -2.0% |
| 营收同比 | 1.0% | 33.6% |
| 净利润同比 | 24.1% | 6.0% |
| 每股收益（稀释后） | $2.67 | $-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NDSNNET
| Q4 25 | $751.8M | $614.5M | ||
| Q3 25 | $741.5M | $562.0M | ||
| Q2 25 | $682.9M | $512.3M | ||
| Q1 25 | $615.4M | $479.1M | ||
| Q4 24 | $744.5M | $459.9M | ||
| Q3 24 | $661.6M | $430.1M | ||
| Q2 24 | $650.6M | $401.0M | ||
| Q1 24 | $633.2M | $378.6M |
净利润NDSNNET
| Q4 25 | $151.6M | $-12.1M | ||
| Q3 25 | $125.8M | $-1.3M | ||
| Q2 25 | $112.4M | $-50.4M | ||
| Q1 25 | $94.7M | $-38.5M | ||
| Q4 24 | $122.2M | $-12.8M | ||
| Q3 24 | $117.3M | $-15.3M | ||
| Q2 24 | $118.2M | $-15.1M | ||
| Q1 24 | $109.6M | $-35.5M |
毛利率NDSNNET
| Q4 25 | 56.3% | 73.6% | ||
| Q3 25 | 54.8% | 74.0% | ||
| Q2 25 | 54.7% | 74.9% | ||
| Q1 25 | 54.6% | 75.9% | ||
| Q4 24 | 54.1% | 76.4% | ||
| Q3 24 | 55.8% | 77.7% | ||
| Q2 24 | 56.2% | 77.8% | ||
| Q1 24 | 55.0% | 77.5% |
营业利润率NDSNNET
| Q4 25 | 28.5% | -8.0% | ||
| Q3 25 | 25.3% | -6.7% | ||
| Q2 25 | 24.7% | -13.1% | ||
| Q1 25 | 22.9% | -11.1% | ||
| Q4 24 | 24.0% | -7.5% | ||
| Q3 24 | 25.3% | -7.2% | ||
| Q2 24 | 25.9% | -8.7% | ||
| Q1 24 | 25.2% | -14.4% |
净利率NDSNNET
| Q4 25 | 20.2% | -2.0% | ||
| Q3 25 | 17.0% | -0.2% | ||
| Q2 25 | 16.5% | -9.8% | ||
| Q1 25 | 15.4% | -8.0% | ||
| Q4 24 | 16.4% | -2.8% | ||
| Q3 24 | 17.7% | -3.6% | ||
| Q2 24 | 18.2% | -3.8% | ||
| Q1 24 | 17.3% | -9.4% |
每股收益（稀释后）NDSNNET
| Q4 25 | $2.67 | $-0.03 | ||
| Q3 25 | $2.22 | $0.00 | ||
| Q2 25 | $1.97 | $-0.15 | ||
| Q1 25 | $1.65 | $-0.11 | ||
| Q4 24 | $2.12 | $-0.05 | ||
| Q3 24 | $2.04 | $-0.04 | ||
| Q2 24 | $2.05 | $-0.04 | ||
| Q1 24 | $1.90 | $-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 | $108.4M | $943.5M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $3.0B | $1.5B |
| 总资产 | $5.9B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资NDSNNET
| Q4 25 | $108.4M | $943.5M | ||
| Q3 25 | $147.8M | $1.1B | ||
| Q2 25 | $130.2M | $1.5B | ||
| Q1 25 | $130.4M | $204.5M | ||
| Q4 24 | $116.0M | $147.7M | ||
| Q3 24 | $165.3M | $182.9M | ||
| Q2 24 | $125.4M | $157.0M | ||
| Q1 24 | $136.2M | $254.4M |
总债务NDSNNET
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.6B | — |
股东权益NDSNNET
| Q4 25 | $3.0B | $1.5B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $3.0B | $1.2B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $2.9B | $1.0B | ||
| Q3 24 | $2.9B | $973.1M | ||
| Q2 24 | $2.8B | $881.5M | ||
| Q1 24 | $2.7B | $797.2M |
总资产NDSNNET
| Q4 25 | $5.9B | $6.0B | ||
| Q3 25 | $6.0B | $5.8B | ||
| Q2 25 | $6.1B | $5.6B | ||
| Q1 25 | $5.9B | $3.7B | ||
| Q4 24 | $6.0B | $3.3B | ||
| Q3 24 | $5.2B | $3.1B | ||
| Q2 24 | $5.2B | $2.9B | ||
| Q1 24 | $5.2B | $2.8B |
负债/权益比NDSNNET
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 0.60× | — |
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 | $202.9M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $193.9M | $105.2M |
| 自由现金流率自由现金流/营收 | 25.8% | 17.1% |
| 资本支出强度资本支出/营收 | 1.2% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.34× | — |
| 过去12个月自由现金流最近4个季度 | $661.1M | $287.5M |
8季度趋势，按日历期对齐
经营现金流NDSNNET
| Q4 25 | $202.9M | $190.4M | ||
| Q3 25 | $238.0M | $167.1M | ||
| Q2 25 | $119.2M | $99.8M | ||
| Q1 25 | $159.1M | $145.8M | ||
| Q4 24 | $96.4M | $127.3M | ||
| Q3 24 | $164.8M | $104.7M | ||
| Q2 24 | $122.6M | $74.8M | ||
| Q1 24 | $172.4M | $73.6M |
自由现金流NDSNNET
| Q4 25 | $193.9M | $105.2M | ||
| Q3 25 | $226.4M | $82.5M | ||
| Q2 25 | $103.1M | $39.9M | ||
| Q1 25 | $137.7M | $59.9M | ||
| Q4 24 | $75.8M | $54.2M | ||
| Q3 24 | $143.0M | $54.5M | ||
| Q2 24 | $108.2M | $45.2M | ||
| Q1 24 | $164.8M | $41.5M |
自由现金流率NDSNNET
| Q4 25 | 25.8% | 17.1% | ||
| Q3 25 | 30.5% | 14.7% | ||
| Q2 25 | 15.1% | 7.8% | ||
| Q1 25 | 22.4% | 12.5% | ||
| Q4 24 | 10.2% | 11.8% | ||
| Q3 24 | 21.6% | 12.7% | ||
| Q2 24 | 16.6% | 11.3% | ||
| Q1 24 | 26.0% | 11.0% |
资本支出强度NDSNNET
| Q4 25 | 1.2% | 13.9% | ||
| Q3 25 | 1.6% | 15.1% | ||
| Q2 25 | 2.3% | 11.7% | ||
| Q1 25 | 3.5% | 17.9% | ||
| Q4 24 | 2.8% | 15.9% | ||
| Q3 24 | 3.3% | 11.7% | ||
| Q2 24 | 2.2% | 7.4% | ||
| Q1 24 | 1.2% | 8.5% |
现金转化率NDSNNET
| Q4 25 | 1.34× | — | ||
| Q3 25 | 1.89× | — | ||
| Q2 25 | 1.06× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.04× | — | ||
| Q1 24 | 1.57× | — |
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
NDSN
| Advanced Technology Systems | $624.5M | 83% |
| Other | $127.3M | 17% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
