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Cloudflare, Inc.（NET）与Natural Grocers by Vitamin Cottage, Inc.（NGVC）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Natural Grocers by Vitamin Cottage, Inc.的1.8倍（$614.5M vs $335.6M），Natural Grocers by Vitamin Cottage, Inc.净利率更高（3.4% vs -2.0%，领先5.3%），Cloudflare, Inc.同比增速更快（33.6% vs 1.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $11.6M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 4.4%）
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。
Natural Grocers by Vitamin Cottage, Inc.是美国本土的特色零售连锁企业，主营认证有机食品、膳食补充剂、天然个护及环保家居类产品，面向健康意识较强的消费群体，门店覆盖美国多州，执行严格品控标准，拒绝售卖含人工添加剂的商品。
NET vs NGVC — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $335.6M |
| 净利润 | $-12.1M | $11.3M |
| 毛利率 | 73.6% | 29.5% |
| 营业利润率 | -8.0% | 4.4% |
| 净利率 | -2.0% | 3.4% |
| 营收同比 | 33.6% | 1.6% |
| 净利润同比 | 6.0% | 14.0% |
| 每股收益（稀释后） | $-0.03 | $0.49 |
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
| Q4 25 | $614.5M | $335.6M | ||
| Q3 25 | $562.0M | $336.1M | ||
| Q2 25 | $512.3M | $328.7M | ||
| Q1 25 | $479.1M | $335.8M | ||
| Q4 24 | $459.9M | $330.2M | ||
| Q3 24 | $430.1M | $322.7M | ||
| Q2 24 | $401.0M | $309.1M | ||
| Q1 24 | $378.6M | $308.1M |
| Q4 25 | $-12.1M | $11.3M | ||
| Q3 25 | $-1.3M | $11.8M | ||
| Q2 25 | $-50.4M | $11.6M | ||
| Q1 25 | $-38.5M | $13.1M | ||
| Q4 24 | $-12.8M | $9.9M | ||
| Q3 24 | $-15.3M | $9.0M | ||
| Q2 24 | $-15.1M | $9.2M | ||
| Q1 24 | $-35.5M | $8.0M |
| Q4 25 | 73.6% | 29.5% | ||
| Q3 25 | 74.0% | 29.5% | ||
| Q2 25 | 74.9% | 29.9% | ||
| Q1 25 | 75.9% | 30.3% | ||
| Q4 24 | 76.4% | 29.9% | ||
| Q3 24 | 77.7% | 29.6% | ||
| Q2 24 | 77.8% | 29.2% | ||
| Q1 24 | 77.5% | 29.3% |
| Q4 25 | -8.0% | 4.4% | ||
| Q3 25 | -6.7% | 4.6% | ||
| Q2 25 | -13.1% | 4.7% | ||
| Q1 25 | -11.1% | 5.2% | ||
| Q4 24 | -7.5% | 4.0% | ||
| Q3 24 | -7.2% | 3.7% | ||
| Q2 24 | -8.7% | 4.2% | ||
| Q1 24 | -14.4% | 3.7% |
| Q4 25 | -2.0% | 3.4% | ||
| Q3 25 | -0.2% | 3.5% | ||
| Q2 25 | -9.8% | 3.5% | ||
| Q1 25 | -8.0% | 3.9% | ||
| Q4 24 | -2.8% | 3.0% | ||
| Q3 24 | -3.6% | 2.8% | ||
| Q2 24 | -3.8% | 3.0% | ||
| Q1 24 | -9.4% | 2.6% |
| Q4 25 | $-0.03 | $0.49 | ||
| Q3 25 | $0.00 | $0.51 | ||
| Q2 25 | $-0.15 | $0.50 | ||
| Q1 25 | $-0.11 | $0.56 | ||
| Q4 24 | $-0.05 | $0.43 | ||
| Q3 24 | $-0.04 | $0.38 | ||
| Q2 24 | $-0.04 | $0.40 | ||
| Q1 24 | $-0.10 | $0.35 |
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 | $23.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $220.0M |
| 总资产 | $6.0B | $668.6M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $943.5M | $23.2M | ||
| Q3 25 | $1.1B | $17.1M | ||
| Q2 25 | $1.5B | $13.2M | ||
| Q1 25 | $204.5M | $21.2M | ||
| Q4 24 | $147.7M | $6.3M | ||
| Q3 24 | $182.9M | $8.9M | ||
| Q2 24 | $157.0M | $13.9M | ||
| Q1 24 | $254.4M | $11.0M |
| Q4 25 | $1.5B | $220.0M | ||
| Q3 25 | $1.3B | $212.4M | ||
| Q2 25 | $1.2B | $202.5M | ||
| Q1 25 | $1.4B | $193.0M | ||
| Q4 24 | $1.0B | $181.9M | ||
| Q3 24 | $973.1M | $174.3M | ||
| Q2 24 | $881.5M | $167.8M | ||
| Q1 24 | $797.2M | $160.0M |
| Q4 25 | $6.0B | $668.6M | ||
| Q3 25 | $5.8B | $670.5M | ||
| Q2 25 | $5.6B | $659.0M | ||
| Q1 25 | $3.7B | $664.6M | ||
| Q4 24 | $3.3B | $648.9M | ||
| Q3 24 | $3.1B | $655.5M | ||
| Q2 24 | $2.9B | $654.4M | ||
| Q1 24 | $2.8B | $656.6M |
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 | $21.1M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $11.6M |
| 自由现金流率自由现金流/营收 | 17.1% | 3.4% |
| 资本支出强度资本支出/营收 | 13.9% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 1.86× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $42.6M |
8季度趋势，按日历期对齐
| Q4 25 | $190.4M | $21.1M | ||
| Q3 25 | $167.1M | $15.6M | ||
| Q2 25 | $99.8M | $2.9M | ||
| Q1 25 | $145.8M | $34.1M | ||
| Q4 24 | $127.3M | $2.7M | ||
| Q3 24 | $104.7M | $24.5M | ||
| Q2 24 | $74.8M | $12.4M | ||
| Q1 24 | $73.6M | $20.2M |
| Q4 25 | $105.2M | $11.6M | ||
| Q3 25 | $82.5M | $7.5M | ||
| Q2 25 | $39.9M | $-4.2M | ||
| Q1 25 | $59.9M | $27.6M | ||
| Q4 24 | $54.2M | $-6.9M | ||
| Q3 24 | $54.5M | $18.0M | ||
| Q2 24 | $45.2M | $3.6M | ||
| Q1 24 | $41.5M | $9.8M |
| Q4 25 | 17.1% | 3.4% | ||
| Q3 25 | 14.7% | 2.2% | ||
| Q2 25 | 7.8% | -1.3% | ||
| Q1 25 | 12.5% | 8.2% | ||
| Q4 24 | 11.8% | -2.1% | ||
| Q3 24 | 12.7% | 5.6% | ||
| Q2 24 | 11.3% | 1.2% | ||
| Q1 24 | 11.0% | 3.2% |
| Q4 25 | 13.9% | 2.9% | ||
| Q3 25 | 15.1% | 2.4% | ||
| Q2 25 | 11.7% | 2.2% | ||
| Q1 25 | 17.9% | 1.9% | ||
| Q4 24 | 15.9% | 2.9% | ||
| Q3 24 | 11.7% | 2.0% | ||
| Q2 24 | 7.4% | 2.9% | ||
| Q1 24 | 8.5% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
