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Cloudflare, Inc.（NET）与Envista Holdings Corp（NVST）财务数据对比。点击上方公司名可切换其他公司
Envista Holdings Corp的季度营收约是Cloudflare, Inc.的1.2倍（$750.6M vs $614.5M），Envista Holdings Corp净利率更高（4.4% vs -2.0%，领先6.3%），Cloudflare, Inc.同比增速更快（33.6% vs 15.0%），Cloudflare, Inc.自由现金流更多（$105.2M vs $91.7M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 9.7%）
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。
Envista Holdings Corp是一家总部位于美国的企业，旗下Envista Forensics业务板块面向保险、法律及风险管理行业，在全球范围内提供法务工程与事故复原解决方案。公司前身为LWG咨询有限公司，2017年正式更名为Envista Forensics。
NET vs NVST — 直观对比
营收规模更大
NVST
是对方的1.2倍
$614.5M
营收增速更快
NET
高出18.6%
15.0%
净利率更高
NVST
高出6.3%
-2.0%
自由现金流更多
NET
多$13.5M
$91.7M
两年增速更快
NET
近两年复合增速
9.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $750.6M |
| 净利润 | $-12.1M | $32.9M |
| 毛利率 | 73.6% | 54.7% |
| 营业利润率 | -8.0% | 9.8% |
| 净利率 | -2.0% | 4.4% |
| 营收同比 | 33.6% | 15.0% |
| 净利润同比 | 6.0% | 2641.7% |
| 每股收益（稀释后） | $-0.03 | $0.20 |
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NETNVST
| Q4 25 | $614.5M | $750.6M | ||
| Q3 25 | $562.0M | $669.9M | ||
| Q2 25 | $512.3M | $682.1M | ||
| Q1 25 | $479.1M | $616.9M | ||
| Q4 24 | $459.9M | $652.9M | ||
| Q3 24 | $430.1M | $601.0M | ||
| Q2 24 | $401.0M | $633.1M | ||
| Q1 24 | $378.6M | $623.6M |
净利润NETNVST
| Q4 25 | $-12.1M | $32.9M | ||
| Q3 25 | $-1.3M | $-30.3M | ||
| Q2 25 | $-50.4M | $26.4M | ||
| Q1 25 | $-38.5M | $18.0M | ||
| Q4 24 | $-12.8M | $1.2M | ||
| Q3 24 | $-15.3M | $8.2M | ||
| Q2 24 | $-15.1M | $-1.2B | ||
| Q1 24 | $-35.5M | $23.6M |
毛利率NETNVST
| Q4 25 | 73.6% | 54.7% | ||
| Q3 25 | 74.0% | 55.3% | ||
| Q2 25 | 74.9% | 54.2% | ||
| Q1 25 | 75.9% | 54.5% | ||
| Q4 24 | 76.4% | 57.1% | ||
| Q3 24 | 77.7% | 52.8% | ||
| Q2 24 | 77.8% | 51.6% | ||
| Q1 24 | 77.5% | 57.1% |
营业利润率NETNVST
| Q4 25 | -8.0% | 9.8% | ||
| Q3 25 | -6.7% | 8.6% | ||
| Q2 25 | -13.1% | 6.8% | ||
| Q1 25 | -11.1% | 6.3% | ||
| Q4 24 | -7.5% | 7.1% | ||
| Q3 24 | -7.2% | 3.5% | ||
| Q2 24 | -8.7% | -182.2% | ||
| Q1 24 | -14.4% | 7.7% |
净利率NETNVST
| Q4 25 | -2.0% | 4.4% | ||
| Q3 25 | -0.2% | -4.5% | ||
| Q2 25 | -9.8% | 3.9% | ||
| Q1 25 | -8.0% | 2.9% | ||
| Q4 24 | -2.8% | 0.2% | ||
| Q3 24 | -3.6% | 1.4% | ||
| Q2 24 | -3.8% | -181.9% | ||
| Q1 24 | -9.4% | 3.8% |
每股收益（稀释后）NETNVST
| Q4 25 | $-0.03 | $0.20 | ||
| Q3 25 | $0.00 | $-0.18 | ||
| Q2 25 | $-0.15 | $0.16 | ||
| Q1 25 | $-0.11 | $0.10 | ||
| Q4 24 | $-0.05 | $0.00 | ||
| Q3 24 | $-0.04 | $0.05 | ||
| Q2 24 | $-0.04 | $-6.69 | ||
| Q1 24 | $-0.10 | $0.14 |
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 | $1.2B |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $1.5B | $3.1B |
| 总资产 | $6.0B | $5.7B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资NETNVST
| Q4 25 | $943.5M | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $204.5M | $1.1B | ||
| Q4 24 | $147.7M | $1.1B | ||
| Q3 24 | $182.9M | $991.3M | ||
| Q2 24 | $157.0M | $1.0B | ||
| Q1 24 | $254.4M | $948.5M |
总债务NETNVST
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
股东权益NETNVST
| Q4 25 | $1.5B | $3.1B | ||
| Q3 25 | $1.3B | $3.1B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.0B | $2.9B | ||
| Q3 24 | $973.1M | $3.1B | ||
| Q2 24 | $881.5M | $3.0B | ||
| Q1 24 | $797.2M | $4.1B |
总资产NETNVST
| Q4 25 | $6.0B | $5.7B | ||
| Q3 25 | $5.8B | $5.6B | ||
| Q2 25 | $5.6B | $5.7B | ||
| Q1 25 | $3.7B | $5.5B | ||
| Q4 24 | $3.3B | $5.4B | ||
| Q3 24 | $3.1B | $5.5B | ||
| Q2 24 | $2.9B | $5.4B | ||
| Q1 24 | $2.8B | $6.6B |
负债/权益比NETNVST
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.36× |
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 | $108.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $91.7M |
| 自由现金流率自由现金流/营收 | 17.1% | 12.2% |
| 资本支出强度资本支出/营收 | 13.9% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 3.28× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $230.4M |
8季度趋势，按日历期对齐
经营现金流NETNVST
| Q4 25 | $190.4M | $108.0M | ||
| Q3 25 | $167.1M | $78.7M | ||
| Q2 25 | $99.8M | $88.7M | ||
| Q1 25 | $145.8M | $300.0K | ||
| Q4 24 | $127.3M | $132.4M | ||
| Q3 24 | $104.7M | $70.7M | ||
| Q2 24 | $74.8M | $93.1M | ||
| Q1 24 | $73.6M | $40.3M |
自由现金流NETNVST
| Q4 25 | $105.2M | $91.7M | ||
| Q3 25 | $82.5M | $67.9M | ||
| Q2 25 | $39.9M | $76.4M | ||
| Q1 25 | $59.9M | $-5.6M | ||
| Q4 24 | $54.2M | $123.8M | ||
| Q3 24 | $54.5M | $63.3M | ||
| Q2 24 | $45.2M | $86.3M | ||
| Q1 24 | $41.5M | $29.3M |
自由现金流率NETNVST
| Q4 25 | 17.1% | 12.2% | ||
| Q3 25 | 14.7% | 10.1% | ||
| Q2 25 | 7.8% | 11.2% | ||
| Q1 25 | 12.5% | -0.9% | ||
| Q4 24 | 11.8% | 19.0% | ||
| Q3 24 | 12.7% | 10.5% | ||
| Q2 24 | 11.3% | 13.6% | ||
| Q1 24 | 11.0% | 4.7% |
资本支出强度NETNVST
| Q4 25 | 13.9% | 2.2% | ||
| Q3 25 | 15.1% | 1.6% | ||
| Q2 25 | 11.7% | 1.8% | ||
| Q1 25 | 17.9% | 1.0% | ||
| Q4 24 | 15.9% | 1.3% | ||
| Q3 24 | 11.7% | 1.2% | ||
| Q2 24 | 7.4% | 1.1% | ||
| Q1 24 | 8.5% | 1.8% |
现金转化率NETNVST
| Q4 25 | — | 3.28× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.36× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 110.33× | ||
| Q3 24 | — | 8.62× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.71× |
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% |
NVST
| Other | $375.8M | 50% |
| Specialty Productsand Technologies | $188.4M | 25% |
| Equipmentand Consumables | $186.4M | 25% |
