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Cloudflare, Inc.（NET）与Otter Tail Corp（OTTR）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Otter Tail Corp的2.0倍（$614.5M vs $308.1M），Otter Tail Corp净利率更高（16.8% vs -2.0%，领先18.8%），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 $22.3M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -5.8%）
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。
Otter Tail公司是总部位于美国明尼苏达州弗格斯福尔斯的电力与制造企业，旗下拥有Otter Tail电力公司、BTD制造、T.O.塑料、北方管道产品以及Vinyltech等多家子公司，业务覆盖电力供应及多元制造领域。
NET vs OTTR — 直观对比
营收规模更大
NET
是对方的2.0倍
$308.1M
营收增速更快
NET
高出32.0%
1.6%
净利率更高
OTTR
高出18.8%
-2.0%
自由现金流更多
NET
多$82.9M
$22.3M
两年增速更快
NET
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $308.1M |
| 净利润 | $-12.1M | $51.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 21.9% |
| 净利率 | -2.0% | 16.8% |
| 营收同比 | 33.6% | 1.6% |
| 净利润同比 | 6.0% | -5.6% |
| 每股收益（稀释后） | $-0.03 | $1.22 |
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NETOTTR
| Q4 25 | $614.5M | $308.1M | ||
| Q3 25 | $562.0M | $325.6M | ||
| Q2 25 | $512.3M | $333.0M | ||
| Q1 25 | $479.1M | $337.4M | ||
| Q4 24 | $459.9M | $303.1M | ||
| Q3 24 | $430.1M | $338.0M | ||
| Q2 24 | $401.0M | $342.3M | ||
| Q1 24 | $378.6M | $347.1M |
净利润NETOTTR
| Q4 25 | $-12.1M | $51.8M | ||
| Q3 25 | $-1.3M | $78.3M | ||
| Q2 25 | $-50.4M | $77.7M | ||
| Q1 25 | $-38.5M | $68.1M | ||
| Q4 24 | $-12.8M | $54.9M | ||
| Q3 24 | $-15.3M | $85.5M | ||
| Q2 24 | $-15.1M | $87.0M | ||
| Q1 24 | $-35.5M | $74.3M |
毛利率NETOTTR
| 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NETOTTR
| Q4 25 | -8.0% | 21.9% | ||
| Q3 25 | -6.7% | 29.7% | ||
| Q2 25 | -13.1% | 29.3% | ||
| Q1 25 | -11.1% | 24.9% | ||
| Q4 24 | -7.5% | 22.0% | ||
| Q3 24 | -7.2% | 31.8% | ||
| Q2 24 | -8.7% | 32.4% | ||
| Q1 24 | -14.4% | 27.4% |
净利率NETOTTR
| Q4 25 | -2.0% | 16.8% | ||
| Q3 25 | -0.2% | 24.0% | ||
| Q2 25 | -9.8% | 23.3% | ||
| Q1 25 | -8.0% | 20.2% | ||
| Q4 24 | -2.8% | 18.1% | ||
| Q3 24 | -3.6% | 25.3% | ||
| Q2 24 | -3.8% | 25.4% | ||
| Q1 24 | -9.4% | 21.4% |
每股收益（稀释后）NETOTTR
| Q4 25 | $-0.03 | $1.22 | ||
| Q3 25 | $0.00 | $1.86 | ||
| Q2 25 | $-0.15 | $1.85 | ||
| Q1 25 | $-0.11 | $1.62 | ||
| Q4 24 | $-0.05 | $1.30 | ||
| Q3 24 | $-0.04 | $2.03 | ||
| Q2 24 | $-0.04 | $2.07 | ||
| Q1 24 | $-0.10 | $1.77 |
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 | $440.5M |
| 总债务越低越好 | — | $963.6M |
| 股东权益账面价值 | $1.5B | $1.9B |
| 总资产 | $6.0B | $4.0B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资NETOTTR
| Q4 25 | $943.5M | $440.5M | ||
| Q3 25 | $1.1B | $379.7M | ||
| Q2 25 | $1.5B | $307.2M | ||
| Q1 25 | $204.5M | $284.8M | ||
| Q4 24 | $147.7M | $295.4M | ||
| Q3 24 | $182.9M | $280.0M | ||
| Q2 24 | $157.0M | $230.7M | ||
| Q1 24 | $254.4M | $238.2M |
总债务NETOTTR
| Q4 25 | — | $963.6M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $993.5M | ||
| Q4 24 | — | $943.7M | ||
| Q3 24 | — | $947.0M | ||
| Q2 24 | — | $947.0M | ||
| Q1 24 | — | $947.0M |
股东权益NETOTTR
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $973.1M | $1.6B | ||
| Q2 24 | $881.5M | $1.6B | ||
| Q1 24 | $797.2M | $1.5B |
总资产NETOTTR
| Q4 25 | $6.0B | $4.0B | ||
| Q3 25 | $5.8B | $3.8B | ||
| Q2 25 | $5.6B | $3.8B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $3.3B | $3.7B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $2.9B | $3.5B | ||
| Q1 24 | $2.8B | $3.3B |
负债/权益比NETOTTR
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $97.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $22.3M |
| 自由现金流率自由现金流/营收 | 17.1% | 7.2% |
| 资本支出强度资本支出/营收 | 13.9% | 24.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $97.9M |
8季度趋势，按日历期对齐
经营现金流NETOTTR
| Q4 25 | $190.4M | $97.0M | ||
| Q3 25 | $167.1M | $129.6M | ||
| Q2 25 | $99.8M | $119.9M | ||
| Q1 25 | $145.8M | $39.5M | ||
| Q4 24 | $127.3M | $130.0M | ||
| Q3 24 | $104.7M | $99.3M | ||
| Q2 24 | $74.8M | $151.5M | ||
| Q1 24 | $73.6M | $71.9M |
自由现金流NETOTTR
| Q4 25 | $105.2M | $22.3M | ||
| Q3 25 | $82.5M | $40.5M | ||
| Q2 25 | $39.9M | $53.7M | ||
| Q1 25 | $59.9M | $-18.5M | ||
| Q4 24 | $54.2M | $31.1M | ||
| Q3 24 | $54.5M | $15.1M | ||
| Q2 24 | $45.2M | $50.1M | ||
| Q1 24 | $41.5M | $-2.1M |
自由现金流率NETOTTR
| Q4 25 | 17.1% | 7.2% | ||
| Q3 25 | 14.7% | 12.4% | ||
| Q2 25 | 7.8% | 16.1% | ||
| Q1 25 | 12.5% | -5.5% | ||
| Q4 24 | 11.8% | 10.2% | ||
| Q3 24 | 12.7% | 4.5% | ||
| Q2 24 | 11.3% | 14.6% | ||
| Q1 24 | 11.0% | -0.6% |
资本支出强度NETOTTR
| Q4 25 | 13.9% | 24.3% | ||
| Q3 25 | 15.1% | 27.4% | ||
| Q2 25 | 11.7% | 19.9% | ||
| Q1 25 | 17.9% | 17.2% | ||
| Q4 24 | 15.9% | 32.6% | ||
| Q3 24 | 11.7% | 24.9% | ||
| Q2 24 | 7.4% | 29.6% | ||
| Q1 24 | 8.5% | 21.3% |
现金转化率NETOTTR
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 1.16× | ||
| Q2 24 | — | 1.74× | ||
| Q1 24 | — | 0.97× |
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% |
OTTR
| Retail Commercial And Industrial | $91.0M | 30% |
| Plastics | $81.2M | 26% |
| Manufacturing | $77.2M | 25% |
| Retail Residential | $35.8M | 12% |
| Electric Transmission | $14.4M | 5% |
| Plastic Products | $9.2M | 3% |
| Electric Product Other | $1.8M | 1% |
