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Cloudflare, Inc.（NET）与New Fortress Energy Inc.（NFE）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New Fortress Energy Inc.的1.9倍（$614.5M vs $326.2M），Cloudflare, Inc.净利率更高（-2.0% vs -259.7%，领先257.7%），Cloudflare, Inc.同比增速更快（33.6% vs -7.0%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-134.8M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -26.8%）
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。
New Fortress Energy Inc.是一家全球能源基础设施企业，主要开发、持有并运营液化天然气进出口终端、天然气供应网络及低碳能源项目，服务美洲、加勒比地区客户，致力于提供低成本、低排放的能源解决方案。
NET vs NFE — 直观对比
营收规模更大
NET
是对方的1.9倍
$326.2M
营收增速更快
NET
高出40.6%
-7.0%
净利率更高
NET
高出257.7%
-259.7%
自由现金流更多
NET
多$240.0M
$-134.8M
两年增速更快
NET
近两年复合增速
-26.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $326.2M |
| 净利润 | $-12.1M | $-847.1M |
| 毛利率 | 73.6% | 35.5% |
| 营业利润率 | -8.0% | -193.0% |
| 净利率 | -2.0% | -259.7% |
| 营收同比 | 33.6% | -7.0% |
| 净利润同比 | 6.0% | -277.4% |
| 每股收益（稀释后） | $-0.03 | $-3.03 |
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NETNFE
| Q4 25 | $614.5M | $326.2M | ||
| Q3 25 | $562.0M | $240.3M | ||
| Q2 25 | $512.3M | $228.1M | ||
| Q1 25 | $479.1M | $384.9M | ||
| Q4 24 | $459.9M | $350.7M | ||
| Q3 24 | $430.1M | $446.0M | ||
| Q2 24 | $401.0M | $291.2M | ||
| Q1 24 | $378.6M | $609.5M |
净利润NETNFE
| Q4 25 | $-12.1M | $-847.1M | ||
| Q3 25 | $-1.3M | $-263.0M | ||
| Q2 25 | $-50.4M | $-546.5M | ||
| Q1 25 | $-38.5M | $-175.4M | ||
| Q4 24 | $-12.8M | $-224.4M | ||
| Q3 24 | $-15.3M | $9.3M | ||
| Q2 24 | $-15.1M | $-88.9M | ||
| Q1 24 | $-35.5M | $54.1M |
毛利率NETNFE
| Q4 25 | 73.6% | 35.5% | ||
| Q3 25 | 74.0% | 18.1% | ||
| Q2 25 | 74.9% | 8.4% | ||
| Q1 25 | 75.9% | 21.4% | ||
| Q4 24 | 76.4% | 17.6% | ||
| Q3 24 | 77.7% | 27.1% | ||
| Q2 24 | 77.8% | 23.8% | ||
| Q1 24 | 77.5% | 62.4% |
营业利润率NETNFE
| Q4 25 | -8.0% | -193.0% | ||
| Q3 25 | -6.7% | -37.4% | ||
| Q2 25 | -13.1% | -170.3% | ||
| Q1 25 | -11.1% | -3.3% | ||
| Q4 24 | -7.5% | 65.0% | ||
| Q3 24 | -7.2% | 17.8% | ||
| Q2 24 | -8.7% | 12.3% | ||
| Q1 24 | -14.4% | 30.4% |
净利率NETNFE
| Q4 25 | -2.0% | -259.7% | ||
| Q3 25 | -0.2% | -109.4% | ||
| Q2 25 | -9.8% | -239.6% | ||
| Q1 25 | -8.0% | -45.6% | ||
| Q4 24 | -2.8% | -64.0% | ||
| Q3 24 | -3.6% | 2.1% | ||
| Q2 24 | -3.8% | -30.5% | ||
| Q1 24 | -9.4% | 8.9% |
每股收益（稀释后）NETNFE
| Q4 25 | $-0.03 | $-3.03 | ||
| Q3 25 | $0.00 | $-0.96 | ||
| Q2 25 | $-0.15 | $-1.99 | ||
| Q1 25 | $-0.11 | $-0.65 | ||
| Q4 24 | $-0.05 | $-1.10 | ||
| Q3 24 | $-0.04 | $0.03 | ||
| Q2 24 | $-0.04 | $-0.42 | ||
| Q1 24 | $-0.10 | $0.23 |
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 | $226.5M |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $1.5B | $182.6M |
| 总资产 | $6.0B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 44.78× |
8季度趋势，按日历期对齐
现金及短期投资NETNFE
| Q4 25 | $943.5M | $226.5M | ||
| Q3 25 | $1.1B | $145.2M | ||
| Q2 25 | $1.5B | $551.1M | ||
| Q1 25 | $204.5M | $447.9M | ||
| Q4 24 | $147.7M | $492.9M | ||
| Q3 24 | $182.9M | $90.8M | ||
| Q2 24 | $157.0M | $133.0M | ||
| Q1 24 | $254.4M | $143.5M |
总债务NETNFE
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETNFE
| Q4 25 | $1.5B | $182.6M | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $973.1M | $1.6B | ||
| Q2 24 | $881.5M | $1.6B | ||
| Q1 24 | $797.2M | $1.7B |
总资产NETNFE
| Q4 25 | $6.0B | $10.6B | ||
| Q3 25 | $5.8B | $12.0B | ||
| Q2 25 | $5.6B | $12.0B | ||
| Q1 25 | $3.7B | $13.1B | ||
| Q4 24 | $3.3B | $12.9B | ||
| Q3 24 | $3.1B | $12.0B | ||
| Q2 24 | $2.9B | $11.4B | ||
| Q1 24 | $2.8B | $10.9B |
负债/权益比NETNFE
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-76.2M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $-134.8M |
| 自由现金流率自由现金流/营收 | 17.1% | -41.3% |
| 资本支出强度资本支出/营收 | 13.9% | 18.0% |
| 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 | $-1.4B |
8季度趋势，按日历期对齐
经营现金流NETNFE
| Q4 25 | $190.4M | $-76.2M | ||
| Q3 25 | $167.1M | $-171.0M | ||
| Q2 25 | $99.8M | $-329.0M | ||
| Q1 25 | $145.8M | $-7.2M | ||
| Q4 24 | $127.3M | $445.3M | ||
| Q3 24 | $104.7M | $-20.0M | ||
| Q2 24 | $74.8M | $113.9M | ||
| Q1 24 | $73.6M | $63.0M |
自由现金流NETNFE
| Q4 25 | $105.2M | $-134.8M | ||
| Q3 25 | $82.5M | $-231.6M | ||
| Q2 25 | $39.9M | $-726.7M | ||
| Q1 25 | $59.9M | $-262.3M | ||
| Q4 24 | $54.2M | $-210.3M | ||
| Q3 24 | $54.5M | $-367.0M | ||
| Q2 24 | $45.2M | $-493.2M | ||
| Q1 24 | $41.5M | $-457.9M |
自由现金流率NETNFE
| Q4 25 | 17.1% | -41.3% | ||
| Q3 25 | 14.7% | -96.4% | ||
| Q2 25 | 7.8% | -318.6% | ||
| Q1 25 | 12.5% | -68.2% | ||
| Q4 24 | 11.8% | -60.0% | ||
| Q3 24 | 12.7% | -82.3% | ||
| Q2 24 | 11.3% | -169.3% | ||
| Q1 24 | 11.0% | -75.1% |
资本支出强度NETNFE
| Q4 25 | 13.9% | 18.0% | ||
| Q3 25 | 15.1% | 25.2% | ||
| Q2 25 | 11.7% | 174.4% | ||
| Q1 25 | 17.9% | 66.3% | ||
| Q4 24 | 15.9% | 187.0% | ||
| Q3 24 | 11.7% | 77.8% | ||
| Q2 24 | 7.4% | 208.4% | ||
| Q1 24 | 8.5% | 85.5% |
现金转化率NETNFE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.15× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.16× |
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% |
NFE
暂无分部数据
