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Cloudflare, Inc.（NET）与NEWMARKET CORP（NEU）财务数据对比。点击上方公司名可切换其他公司
NEWMARKET CORP的季度营收约是Cloudflare, Inc.的1.1倍（$669.7M vs $614.5M），NEWMARKET CORP净利率更高（17.6% vs -2.0%，领先19.6%），Cloudflare, Inc.同比增速更快（33.6% vs -4.5%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -2.9%）
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。
Newmarket Corporation是美国上市企业，主营业务服务于石油添加剂行业，总部位于弗吉尼亚州里士满，业务布局覆盖北美、拉美、欧洲、中东及亚太地区，其前身为1887年成立的阿尔伯马尔造纸制造公司。
NET vs NEU — 直观对比
营收规模更大
NEU
是对方的1.1倍
$614.5M
营收增速更快
NET
高出38.1%
-4.5%
净利率更高
NEU
高出19.6%
-2.0%
两年增速更快
NET
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $669.7M |
| 净利润 | $-12.1M | $118.1M |
| 毛利率 | 73.6% | 33.0% |
| 营业利润率 | -8.0% | 21.4% |
| 净利率 | -2.0% | 17.6% |
| 营收同比 | 33.6% | -4.5% |
| 净利润同比 | 6.0% | -6.3% |
| 每股收益（稀释后） | $-0.03 | $12.62 |
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NETNEU
| Q1 26 | — | $669.7M | ||
| Q4 25 | $614.5M | $635.4M | ||
| Q3 25 | $562.0M | $690.3M | ||
| Q2 25 | $512.3M | $698.5M | ||
| Q1 25 | $479.1M | $700.9M | ||
| Q4 24 | $459.9M | $654.6M | ||
| Q3 24 | $430.1M | $724.9M | ||
| Q2 24 | $401.0M | $710.2M |
净利润NETNEU
| Q1 26 | — | $118.1M | ||
| Q4 25 | $-12.1M | $81.3M | ||
| Q3 25 | $-1.3M | $100.3M | ||
| Q2 25 | $-50.4M | $111.2M | ||
| Q1 25 | $-38.5M | $125.9M | ||
| Q4 24 | $-12.8M | $110.7M | ||
| Q3 24 | $-15.3M | $132.3M | ||
| Q2 24 | $-15.1M | $111.6M |
毛利率NETNEU
| Q1 26 | — | 33.0% | ||
| Q4 25 | 73.6% | 30.0% | ||
| Q3 25 | 74.0% | 30.4% | ||
| Q2 25 | 74.9% | 31.6% | ||
| Q1 25 | 75.9% | 33.7% | ||
| Q4 24 | 76.4% | 31.7% | ||
| Q3 24 | 77.7% | 33.6% | ||
| Q2 24 | 77.8% | 30.8% |
营业利润率NETNEU
| Q1 26 | — | 21.4% | ||
| Q4 25 | -8.0% | 17.3% | ||
| Q3 25 | -6.7% | 18.9% | ||
| Q2 25 | -13.1% | 20.5% | ||
| Q1 25 | -11.1% | 22.8% | ||
| Q4 24 | -7.5% | 20.3% | ||
| Q3 24 | -7.2% | 23.4% | ||
| Q2 24 | -8.7% | 20.7% |
净利率NETNEU
| Q1 26 | — | 17.6% | ||
| Q4 25 | -2.0% | 12.8% | ||
| Q3 25 | -0.2% | 14.5% | ||
| Q2 25 | -9.8% | 15.9% | ||
| Q1 25 | -8.0% | 18.0% | ||
| Q4 24 | -2.8% | 16.9% | ||
| Q3 24 | -3.6% | 18.3% | ||
| Q2 24 | -3.8% | 15.7% |
每股收益（稀释后）NETNEU
| Q1 26 | — | $12.62 | ||
| Q4 25 | $-0.03 | $8.67 | ||
| Q3 25 | $0.00 | $10.67 | ||
| Q2 25 | $-0.15 | $11.84 | ||
| Q1 25 | $-0.11 | $13.26 | ||
| Q4 24 | $-0.05 | $11.57 | ||
| Q3 24 | $-0.04 | $13.79 | ||
| Q2 24 | $-0.04 | $11.63 |
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 | $73.2M |
| 总债务越低越好 | — | $939.6M |
| 股东权益账面价值 | $1.5B | $1.7B |
| 总资产 | $6.0B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资NETNEU
| Q1 26 | — | $73.2M | ||
| Q4 25 | $943.5M | $77.6M | ||
| Q3 25 | $1.1B | $102.5M | ||
| Q2 25 | $1.5B | $70.3M | ||
| Q1 25 | $204.5M | $118.3M | ||
| Q4 24 | $147.7M | $77.5M | ||
| Q3 24 | $182.9M | $80.3M | ||
| Q2 24 | $157.0M | $87.6M |
总债务NETNEU
| Q1 26 | — | $939.6M | ||
| Q4 25 | — | $883.4M | ||
| Q3 25 | — | $783.1M | ||
| Q2 25 | — | $841.8M | ||
| Q1 25 | — | $990.6M | ||
| Q4 24 | — | $971.3M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
股东权益NETNEU
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $973.1M | $1.4B | ||
| Q2 24 | $881.5M | $1.2B |
总资产NETNEU
| Q1 26 | — | $3.5B | ||
| Q4 25 | $6.0B | $3.5B | ||
| Q3 25 | $5.8B | $3.2B | ||
| Q2 25 | $5.6B | $3.2B | ||
| Q1 25 | $3.7B | $3.2B | ||
| Q4 24 | $3.3B | $3.1B | ||
| Q3 24 | $3.1B | $3.2B | ||
| Q2 24 | $2.9B | $3.2B |
负债/权益比NETNEU
| Q1 26 | — | 0.54× | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.95× |
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 | $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% | 3.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 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NETNEU
| Q1 26 | — | — | ||
| Q4 25 | $190.4M | $145.2M | ||
| Q3 25 | $167.1M | $142.4M | ||
| Q2 25 | $99.8M | $161.1M | ||
| Q1 25 | $145.8M | $120.3M | ||
| Q4 24 | $127.3M | $185.2M | ||
| Q3 24 | $104.7M | $116.6M | ||
| Q2 24 | $74.8M | $115.0M |
自由现金流NETNEU
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $117.2M | ||
| Q3 25 | $82.5M | $122.1M | ||
| Q2 25 | $39.9M | $144.8M | ||
| Q1 25 | $59.9M | $107.3M | ||
| Q4 24 | $54.2M | $170.6M | ||
| Q3 24 | $54.5M | $102.4M | ||
| Q2 24 | $45.2M | $100.0M |
自由现金流率NETNEU
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 18.4% | ||
| Q3 25 | 14.7% | 17.7% | ||
| Q2 25 | 7.8% | 20.7% | ||
| Q1 25 | 12.5% | 15.3% | ||
| Q4 24 | 11.8% | 26.1% | ||
| Q3 24 | 12.7% | 14.1% | ||
| Q2 24 | 11.3% | 14.1% |
资本支出强度NETNEU
| Q1 26 | — | 3.6% | ||
| Q4 25 | 13.9% | 4.4% | ||
| Q3 25 | 15.1% | 2.9% | ||
| Q2 25 | 11.7% | 2.3% | ||
| Q1 25 | 17.9% | 1.9% | ||
| Q4 24 | 15.9% | 2.2% | ||
| Q3 24 | 11.7% | 2.0% | ||
| Q2 24 | 7.4% | 2.1% |
现金转化率NETNEU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.79× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 1.45× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 0.88× | ||
| Q2 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
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
NEU
暂无分部数据
