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Cloudflare, Inc.（NET）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.2倍（$614.5M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs -2.0%，领先20.8%），Cloudflare, Inc.同比增速更快（33.6% vs 4.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $93.3M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 12.1%）
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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
NET vs OUT — 直观对比
营收规模更大
NET
是对方的1.2倍
$513.3M
营收增速更快
NET
高出29.5%
4.1%
净利率更高
OUT
高出20.8%
-2.0%
自由现金流更多
NET
多$11.9M
$93.3M
两年增速更快
NET
近两年复合增速
12.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $513.3M |
| 净利润 | $-12.1M | $96.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 26.0% |
| 净利率 | -2.0% | 18.9% |
| 营收同比 | 33.6% | 4.1% |
| 净利润同比 | 6.0% | 30.8% |
| 每股收益（稀释后） | $-0.03 | $0.57 |
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NETOUT
| Q4 25 | $614.5M | $513.3M | ||
| Q3 25 | $562.0M | $467.5M | ||
| Q2 25 | $512.3M | $460.2M | ||
| Q1 25 | $479.1M | $390.7M | ||
| Q4 24 | $459.9M | $493.2M | ||
| Q3 24 | $430.1M | $451.9M | ||
| Q2 24 | $401.0M | $477.3M | ||
| Q1 24 | $378.6M | $408.5M |
净利润NETOUT
| Q4 25 | $-12.1M | $96.8M | ||
| Q3 25 | $-1.3M | $51.3M | ||
| Q2 25 | $-50.4M | $19.5M | ||
| Q1 25 | $-38.5M | $-20.6M | ||
| Q4 24 | $-12.8M | $74.0M | ||
| Q3 24 | $-15.3M | $34.6M | ||
| Q2 24 | $-15.1M | $176.8M | ||
| Q1 24 | $-35.5M | $-27.2M |
毛利率NETOUT
| 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NETOUT
| Q4 25 | -8.0% | 26.0% | ||
| Q3 25 | -6.7% | 19.2% | ||
| Q2 25 | -13.1% | 12.2% | ||
| Q1 25 | -11.1% | 3.6% | ||
| Q4 24 | -7.5% | 22.5% | ||
| Q3 24 | -7.2% | 15.8% | ||
| Q2 24 | -8.7% | 48.0% | ||
| Q1 24 | -14.4% | 3.4% |
净利率NETOUT
| Q4 25 | -2.0% | 18.9% | ||
| Q3 25 | -0.2% | 11.0% | ||
| Q2 25 | -9.8% | 4.2% | ||
| Q1 25 | -8.0% | -5.3% | ||
| Q4 24 | -2.8% | 15.0% | ||
| Q3 24 | -3.6% | 7.7% | ||
| Q2 24 | -3.8% | 37.0% | ||
| Q1 24 | -9.4% | -6.7% |
每股收益（稀释后）NETOUT
| Q4 25 | $-0.03 | $0.57 | ||
| Q3 25 | $0.00 | $0.29 | ||
| Q2 25 | $-0.15 | $0.10 | ||
| Q1 25 | $-0.11 | $-0.14 | ||
| Q4 24 | $-0.05 | $0.49 | ||
| Q3 24 | $-0.04 | $0.19 | ||
| Q2 24 | $-0.04 | $1.01 | ||
| Q1 24 | $-0.10 | $-0.18 |
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 | $99.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $710.4M |
| 总资产 | $6.0B | $5.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NETOUT
| Q4 25 | $943.5M | $99.9M | ||
| Q3 25 | $1.1B | $63.0M | ||
| Q2 25 | $1.5B | $28.5M | ||
| Q1 25 | $204.5M | $30.5M | ||
| Q4 24 | $147.7M | $46.9M | ||
| Q3 24 | $182.9M | $28.0M | ||
| Q2 24 | $157.0M | $49.6M | ||
| Q1 24 | $254.4M | $42.4M |
股东权益NETOUT
| Q4 25 | $1.5B | $710.4M | ||
| Q3 25 | $1.3B | $542.6M | ||
| Q2 25 | $1.2B | $539.1M | ||
| Q1 25 | $1.4B | $566.9M | ||
| Q4 24 | $1.0B | $649.0M | ||
| Q3 24 | $973.1M | $618.2M | ||
| Q2 24 | $881.5M | $664.9M | ||
| Q1 24 | $797.2M | $524.2M |
总资产NETOUT
| Q4 25 | $6.0B | $5.3B | ||
| Q3 25 | $5.8B | $5.2B | ||
| Q2 25 | $5.6B | $5.1B | ||
| Q1 25 | $3.7B | $5.1B | ||
| Q4 24 | $3.3B | $5.2B | ||
| Q3 24 | $3.1B | $5.2B | ||
| Q2 24 | $2.9B | $5.3B | ||
| Q1 24 | $2.8B | $5.5B |
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 | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $93.3M |
| 自由现金流率自由现金流/营收 | 17.1% | 18.2% |
| 资本支出强度资本支出/营收 | 13.9% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 1.22× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $218.8M |
8季度趋势，按日历期对齐
经营现金流NETOUT
| Q4 25 | $190.4M | $118.1M | ||
| Q3 25 | $167.1M | $88.8M | ||
| Q2 25 | $99.8M | $67.1M | ||
| Q1 25 | $145.8M | $33.6M | ||
| Q4 24 | $127.3M | $124.5M | ||
| Q3 24 | $104.7M | $73.1M | ||
| Q2 24 | $74.8M | $71.0M | ||
| Q1 24 | $73.6M | $30.6M |
自由现金流NETOUT
| Q4 25 | $105.2M | $93.3M | ||
| Q3 25 | $82.5M | $67.7M | ||
| Q2 25 | $39.9M | $41.4M | ||
| Q1 25 | $59.9M | $16.4M | ||
| Q4 24 | $54.2M | $106.3M | ||
| Q3 24 | $54.5M | $55.5M | ||
| Q2 24 | $45.2M | $47.1M | ||
| Q1 24 | $41.5M | $12.2M |
自由现金流率NETOUT
| Q4 25 | 17.1% | 18.2% | ||
| Q3 25 | 14.7% | 14.5% | ||
| Q2 25 | 7.8% | 9.0% | ||
| Q1 25 | 12.5% | 4.2% | ||
| Q4 24 | 11.8% | 21.6% | ||
| Q3 24 | 12.7% | 12.3% | ||
| Q2 24 | 11.3% | 9.9% | ||
| Q1 24 | 11.0% | 3.0% |
资本支出强度NETOUT
| Q4 25 | 13.9% | 4.8% | ||
| Q3 25 | 15.1% | 4.5% | ||
| Q2 25 | 11.7% | 5.6% | ||
| Q1 25 | 17.9% | 4.4% | ||
| Q4 24 | 15.9% | 3.7% | ||
| Q3 24 | 11.7% | 3.9% | ||
| Q2 24 | 7.4% | 5.0% | ||
| Q1 24 | 8.5% | 4.5% |
现金转化率NETOUT
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 3.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | — |
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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
