vs
Cloudflare, Inc.（NET）与ENVIRI Corp（NVRI）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ENVIRI Corp的1.1倍（$614.5M vs $555.0M），Cloudflare, Inc.净利率更高（-2.0% vs -15.2%，领先13.2%），Cloudflare, Inc.同比增速更快（33.6% vs -0.8%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-10.5M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -3.8%）
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。
Enviri集团是总部位于美国宾夕法尼亚州费城的环保企业，业务覆盖全球30多个国家，员工总数约1.2万人。公司专注为钢铁、铁路、能源等大型工业领域客户解决复杂的环保相关问题，提供针对性的环境治理解决方案。
NET vs NVRI — 直观对比
营收规模更大
NET
是对方的1.1倍
$555.0M
营收增速更快
NET
高出34.4%
-0.8%
净利率更高
NET
高出13.2%
-15.2%
自由现金流更多
NET
多$115.7M
$-10.5M
两年增速更快
NET
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $555.0M |
| 净利润 | $-12.1M | $-84.3M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | -6.4% |
| 净利率 | -2.0% | -15.2% |
| 营收同比 | 33.6% | -0.8% |
| 净利润同比 | 6.0% | 0.7% |
| 每股收益（稀释后） | $-0.03 | $-1.04 |
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NETNVRI
| Q4 25 | $614.5M | $555.0M | ||
| Q3 25 | $562.0M | $574.8M | ||
| Q2 25 | $512.3M | $562.3M | ||
| Q1 25 | $479.1M | $548.3M | ||
| Q4 24 | $459.9M | $559.2M | ||
| Q3 24 | $430.1M | $573.6M | ||
| Q2 24 | $401.0M | $610.0M | ||
| Q1 24 | $378.6M | $600.3M |
净利润NETNVRI
| Q4 25 | $-12.1M | $-84.3M | ||
| Q3 25 | $-1.3M | $-22.3M | ||
| Q2 25 | $-50.4M | $-47.6M | ||
| Q1 25 | $-38.5M | $-13.4M | ||
| Q4 24 | $-12.8M | $-84.9M | ||
| Q3 24 | $-15.3M | $-13.2M | ||
| Q2 24 | $-15.1M | $-13.6M | ||
| Q1 24 | $-35.5M | $-18.0M |
毛利率NETNVRI
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | — | ||
| Q2 25 | 74.9% | — | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | — | ||
| Q2 24 | 77.8% | — | ||
| Q1 24 | 77.5% | — |
营业利润率NETNVRI
| Q4 25 | -8.0% | -6.4% | ||
| Q3 25 | -6.7% | 2.9% | ||
| Q2 25 | -13.1% | -1.3% | ||
| Q1 25 | -11.1% | 5.6% | ||
| Q4 24 | -7.5% | -11.4% | ||
| Q3 24 | -7.2% | 6.5% | ||
| Q2 24 | -8.7% | 5.1% | ||
| Q1 24 | -14.4% | 4.3% |
净利率NETNVRI
| Q4 25 | -2.0% | -15.2% | ||
| Q3 25 | -0.2% | -3.9% | ||
| Q2 25 | -9.8% | -8.5% | ||
| Q1 25 | -8.0% | -2.4% | ||
| Q4 24 | -2.8% | -15.2% | ||
| Q3 24 | -3.6% | -2.3% | ||
| Q2 24 | -3.8% | -2.2% | ||
| Q1 24 | -9.4% | -3.0% |
每股收益（稀释后）NETNVRI
| Q4 25 | $-0.03 | $-1.04 | ||
| Q3 25 | $0.00 | $-0.28 | ||
| Q2 25 | $-0.15 | $-0.59 | ||
| Q1 25 | $-0.11 | $-0.17 | ||
| Q4 24 | $-0.05 | $-1.07 | ||
| Q3 24 | $-0.04 | $-0.16 | ||
| Q2 24 | $-0.04 | $-0.17 | ||
| Q1 24 | $-0.10 | $-0.22 |
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 | $103.7M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $1.5B | $255.1M |
| 总资产 | $6.0B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 6.10× |
8季度趋势，按日历期对齐
现金及短期投资NETNVRI
| Q4 25 | $943.5M | $103.7M | ||
| Q3 25 | $1.1B | $115.4M | ||
| Q2 25 | $1.5B | $97.8M | ||
| Q1 25 | $204.5M | $102.5M | ||
| Q4 24 | $147.7M | $88.4M | ||
| Q3 24 | $182.9M | $110.2M | ||
| Q2 24 | $157.0M | $104.0M | ||
| Q1 24 | $254.4M | $103.9M |
总债务NETNVRI
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETNVRI
| Q4 25 | $1.5B | $255.1M | ||
| Q3 25 | $1.3B | $361.1M | ||
| Q2 25 | $1.2B | $376.3M | ||
| Q1 25 | $1.4B | $409.0M | ||
| Q4 24 | $1.0B | $391.5M | ||
| Q3 24 | $973.1M | $484.0M | ||
| Q2 24 | $881.5M | $485.7M | ||
| Q1 24 | $797.2M | $500.9M |
总资产NETNVRI
| Q4 25 | $6.0B | $2.7B | ||
| Q3 25 | $5.8B | $2.8B | ||
| Q2 25 | $5.6B | $2.8B | ||
| Q1 25 | $3.7B | $2.7B | ||
| Q4 24 | $3.3B | $2.6B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $2.9B | $2.8B | ||
| Q1 24 | $2.8B | $2.8B |
负债/权益比NETNVRI
| Q4 25 | — | 6.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.66× | ||
| 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 | $38.4M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $-10.5M |
| 自由现金流率自由现金流/营收 | 17.1% | -1.9% |
| 资本支出强度资本支出/营收 | 13.9% | 8.8% |
| 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 | $-39.9M |
8季度趋势，按日历期对齐
经营现金流NETNVRI
| Q4 25 | $190.4M | $38.4M | ||
| Q3 25 | $167.1M | $34.4M | ||
| Q2 25 | $99.8M | $22.0M | ||
| Q1 25 | $145.8M | $6.6M | ||
| Q4 24 | $127.3M | $36.3M | ||
| Q3 24 | $104.7M | $1.4M | ||
| Q2 24 | $74.8M | $39.0M | ||
| Q1 24 | $73.6M | $1.3M |
自由现金流NETNVRI
| Q4 25 | $105.2M | $-10.5M | ||
| Q3 25 | $82.5M | $2.7M | ||
| Q2 25 | $39.9M | $-17.1M | ||
| Q1 25 | $59.9M | $-15.0M | ||
| Q4 24 | $54.2M | $1.8M | ||
| Q3 24 | $54.5M | $-40.2M | ||
| Q2 24 | $45.2M | $5.4M | ||
| Q1 24 | $41.5M | $-25.5M |
自由现金流率NETNVRI
| Q4 25 | 17.1% | -1.9% | ||
| Q3 25 | 14.7% | 0.5% | ||
| Q2 25 | 7.8% | -3.0% | ||
| Q1 25 | 12.5% | -2.7% | ||
| Q4 24 | 11.8% | 0.3% | ||
| Q3 24 | 12.7% | -7.0% | ||
| Q2 24 | 11.3% | 0.9% | ||
| Q1 24 | 11.0% | -4.3% |
资本支出强度NETNVRI
| Q4 25 | 13.9% | 8.8% | ||
| Q3 25 | 15.1% | 5.5% | ||
| Q2 25 | 11.7% | 6.9% | ||
| Q1 25 | 17.9% | 3.9% | ||
| Q4 24 | 15.9% | 6.2% | ||
| Q3 24 | 11.7% | 7.2% | ||
| Q2 24 | 7.4% | 5.5% | ||
| Q1 24 | 8.5% | 4.5% |
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% |
NVRI
| Products And Services Service Revenue | $500.2M | 90% |
| After Market Parts And Services Safety And Diagnostic Technology | $23.0M | 4% |
| Railway Track Maintenance Equipment | $16.6M | 3% |
| Railway Contracting Services | $15.9M | 3% |
| Aluminum Dross And Scrap Processing Systems | $3.1M | 1% |
