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Cloudflare, Inc.（NET）与Quanex Building Products CORP（NX）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Quanex Building Products CORP的1.2倍（$614.5M vs $495.3M），Cloudflare, Inc.净利率更高（-2.0% vs -55.7%，领先53.8%），Quanex Building Products CORP同比增速更快（76.7% vs 33.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $46.2M），过去两年Quanex Building Products CORP的营收复合增速更高（29.5% vs 27.4%）
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。
Quanex Building Products是一家工程建筑组件及材料制造商，核心产品包括中空玻璃间隔条、门窗系统、橱柜及家具部件，服务北美、欧洲的住宅及商业建筑市场，主打节能可持续的建筑解决方案。
NET vs NX — 直观对比
营收规模更大
NET
是对方的1.2倍
$495.3M
营收增速更快
NX
高出43.1%
33.6%
净利率更高
NET
高出53.8%
-55.7%
自由现金流更多
NET
多$59.0M
$46.2M
两年增速更快
NX
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $495.3M |
| 净利润 | $-12.1M | $-276.0M |
| 毛利率 | 73.6% | 27.9% |
| 营业利润率 | -8.0% | -54.7% |
| 净利率 | -2.0% | -55.7% |
| 营收同比 | 33.6% | 76.7% |
| 净利润同比 | 6.0% | -1188.8% |
| 每股收益（稀释后） | $-0.03 | $-6.04 |
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NETNX
| Q4 25 | $614.5M | — | ||
| Q3 25 | $562.0M | $495.3M | ||
| Q2 25 | $512.3M | $452.5M | ||
| Q1 25 | $479.1M | $400.0M | ||
| Q4 24 | $459.9M | $492.2M | ||
| Q3 24 | $430.1M | $280.3M | ||
| Q2 24 | $401.0M | $266.2M | ||
| Q1 24 | $378.6M | $239.2M |
净利润NETNX
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-1.3M | $-276.0M | ||
| Q2 25 | $-50.4M | $20.5M | ||
| Q1 25 | $-38.5M | $-14.9M | ||
| Q4 24 | $-12.8M | $-13.9M | ||
| Q3 24 | $-15.3M | $25.4M | ||
| Q2 24 | $-15.1M | $15.4M | ||
| Q1 24 | $-35.5M | $6.2M |
毛利率NETNX
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | 27.9% | ||
| Q2 25 | 74.9% | 29.0% | ||
| Q1 25 | 75.9% | 23.1% | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | 25.3% | ||
| Q2 24 | 77.8% | 24.9% | ||
| Q1 24 | 77.5% | 21.5% |
营业利润率NETNX
| Q4 25 | -8.0% | — | ||
| Q3 25 | -6.7% | -54.7% | ||
| Q2 25 | -13.1% | 9.0% | ||
| Q1 25 | -11.1% | -1.7% | ||
| Q4 24 | -7.5% | 0.6% | ||
| Q3 24 | -7.2% | 8.4% | ||
| Q2 24 | -8.7% | 7.8% | ||
| Q1 24 | -14.4% | 3.3% |
净利率NETNX
| Q4 25 | -2.0% | — | ||
| Q3 25 | -0.2% | -55.7% | ||
| Q2 25 | -9.8% | 4.5% | ||
| Q1 25 | -8.0% | -3.7% | ||
| Q4 24 | -2.8% | -2.8% | ||
| Q3 24 | -3.6% | 9.0% | ||
| Q2 24 | -3.8% | 5.8% | ||
| Q1 24 | -9.4% | 2.6% |
每股收益（稀释后）NETNX
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.00 | $-6.04 | ||
| Q2 25 | $-0.15 | $0.44 | ||
| Q1 25 | $-0.11 | $-0.32 | ||
| Q4 24 | $-0.05 | $-0.52 | ||
| Q3 24 | $-0.04 | $0.77 | ||
| Q2 24 | $-0.04 | $0.46 | ||
| Q1 24 | $-0.10 | $0.19 |
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 | $66.3M |
| 总债务越低越好 | — | $695.6M |
| 股东权益账面价值 | $1.5B | $717.4M |
| 总资产 | $6.0B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资NETNX
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | $66.3M | ||
| Q2 25 | $1.5B | $62.6M | ||
| Q1 25 | $204.5M | $50.0M | ||
| Q4 24 | $147.7M | $97.7M | ||
| Q3 24 | $182.9M | $94.0M | ||
| Q2 24 | $157.0M | $56.1M | ||
| Q1 24 | $254.4M | $44.4M |
总债务NETNX
| Q4 25 | — | — | ||
| Q3 25 | — | $695.6M | ||
| Q2 25 | — | $746.4M | ||
| Q1 25 | — | $725.2M | ||
| Q4 24 | — | $737.2M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | — | $51.5M | ||
| Q1 24 | — | $61.6M |
股东权益NETNX
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $717.4M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.4B | $972.1M | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $973.1M | $594.1M | ||
| Q2 24 | $881.5M | $566.1M | ||
| Q1 24 | $797.2M | $555.0M |
总资产NETNX
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | $2.0B | ||
| Q2 25 | $5.6B | $2.3B | ||
| Q1 25 | $3.7B | $2.2B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.1B | $872.5M | ||
| Q2 24 | $2.9B | $837.2M | ||
| Q1 24 | $2.8B | $813.4M |
负债/权益比NETNX
| Q4 25 | — | — | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | 0.11× |
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 | $60.7M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $46.2M |
| 自由现金流率自由现金流/营收 | 17.1% | 9.3% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $287.5M | $27.5M |
8季度趋势，按日历期对齐
经营现金流NETNX
| Q4 25 | $190.4M | — | ||
| Q3 25 | $167.1M | $60.7M | ||
| Q2 25 | $99.8M | $28.5M | ||
| Q1 25 | $145.8M | $-12.5M | ||
| Q4 24 | $127.3M | $5.5M | ||
| Q3 24 | $104.7M | $46.4M | ||
| Q2 24 | $74.8M | $33.1M | ||
| Q1 24 | $73.6M | $3.9M |
自由现金流NETNX
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | $46.2M | ||
| Q2 25 | $39.9M | $13.6M | ||
| Q1 25 | $59.9M | $-24.1M | ||
| Q4 24 | $54.2M | $-8.2M | ||
| Q3 24 | $54.5M | $40.1M | ||
| Q2 24 | $45.2M | $25.5M | ||
| Q1 24 | $41.5M | $-5.7M |
自由现金流率NETNX
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | 9.3% | ||
| Q2 25 | 7.8% | 3.0% | ||
| Q1 25 | 12.5% | -6.0% | ||
| Q4 24 | 11.8% | -1.7% | ||
| Q3 24 | 12.7% | 14.3% | ||
| Q2 24 | 11.3% | 9.6% | ||
| Q1 24 | 11.0% | -2.4% |
资本支出强度NETNX
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | 2.9% | ||
| Q2 25 | 11.7% | 3.3% | ||
| Q1 25 | 17.9% | 2.9% | ||
| Q4 24 | 15.9% | 2.8% | ||
| Q3 24 | 11.7% | 2.2% | ||
| Q2 24 | 7.4% | 2.9% | ||
| Q1 24 | 8.5% | 4.0% |
现金转化率NETNX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.15× | ||
| Q1 24 | — | 0.62× |
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% |
NX
| Window And Door Hardware | $150.3M | 30% |
| Screens | $76.8M | 16% |
| Window Profiles | $68.2M | 14% |
| Spacers | $54.7M | 11% |
| Wood Solutions | $53.4M | 11% |
| Seals And Gaskets | $29.9M | 6% |
| Access Solutions | $27.4M | 6% |
| Mixing Solution | $21.5M | 4% |
| Solar | $5.3M | 1% |
| Product Type Other | $3.3M | 1% |
