vs
Cloudflare, Inc.（NET）与PATRICK INDUSTRIES INC（PATK）财务数据对比。点击上方公司名可切换其他公司
PATRICK INDUSTRIES INC的季度营收约是Cloudflare, Inc.的1.5倍（$924.2M vs $614.5M），PATRICK INDUSTRIES INC净利率更高（3.1% vs -2.0%，领先5.1%），Cloudflare, Inc.同比增速更快（33.6% vs 9.2%），PATRICK INDUSTRIES INC自由现金流更多（$112.7M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -0.5%）
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。
安杜里尔工业是一家美国国防科技企业，专注于先进自主系统的研发，其技术产品多应用于国防安全相关领域，在智能防务解决方案赛道具备行业竞争力。
NET vs PATK — 直观对比
营收规模更大
PATK
是对方的1.5倍
$614.5M
营收增速更快
NET
高出24.4%
9.2%
净利率更高
PATK
高出5.1%
-2.0%
自由现金流更多
PATK
多$7.4M
$105.2M
两年增速更快
NET
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $924.2M |
| 净利润 | $-12.1M | $29.1M |
| 毛利率 | 73.6% | 23.0% |
| 营业利润率 | -8.0% | 6.2% |
| 净利率 | -2.0% | 3.1% |
| 营收同比 | 33.6% | 9.2% |
| 净利润同比 | 6.0% | 99.7% |
| 每股收益（稀释后） | $-0.03 | $0.82 |
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NETPATK
| Q4 25 | $614.5M | $924.2M | ||
| Q3 25 | $562.0M | $975.6M | ||
| Q2 25 | $512.3M | $1.0B | ||
| Q1 25 | $479.1M | $1.0B | ||
| Q4 24 | $459.9M | $846.1M | ||
| Q3 24 | $430.1M | $919.4M | ||
| Q2 24 | $401.0M | $1.0B | ||
| Q1 24 | $378.6M | $933.5M |
净利润NETPATK
| Q4 25 | $-12.1M | $29.1M | ||
| Q3 25 | $-1.3M | $35.3M | ||
| Q2 25 | $-50.4M | $32.4M | ||
| Q1 25 | $-38.5M | $38.2M | ||
| Q4 24 | $-12.8M | $14.6M | ||
| Q3 24 | $-15.3M | $40.9M | ||
| Q2 24 | $-15.1M | $47.9M | ||
| Q1 24 | $-35.5M | $35.1M |
毛利率NETPATK
| Q4 25 | 73.6% | 23.0% | ||
| Q3 25 | 74.0% | 22.6% | ||
| Q2 25 | 74.9% | 23.9% | ||
| Q1 25 | 75.9% | 22.8% | ||
| Q4 24 | 76.4% | 22.1% | ||
| Q3 24 | 77.7% | 23.1% | ||
| Q2 24 | 77.8% | 22.8% | ||
| Q1 24 | 77.5% | 21.9% |
营业利润率NETPATK
| Q4 25 | -8.0% | 6.2% | ||
| Q3 25 | -6.7% | 6.8% | ||
| Q2 25 | -13.1% | 8.3% | ||
| Q1 25 | -11.1% | 6.5% | ||
| Q4 24 | -7.5% | 4.7% | ||
| Q3 24 | -7.2% | 8.1% | ||
| Q2 24 | -8.7% | 8.3% | ||
| Q1 24 | -14.4% | 6.4% |
净利率NETPATK
| Q4 25 | -2.0% | 3.1% | ||
| Q3 25 | -0.2% | 3.6% | ||
| Q2 25 | -9.8% | 3.1% | ||
| Q1 25 | -8.0% | 3.8% | ||
| Q4 24 | -2.8% | 1.7% | ||
| Q3 24 | -3.6% | 4.4% | ||
| Q2 24 | -3.8% | 4.7% | ||
| Q1 24 | -9.4% | 3.8% |
每股收益（稀释后）NETPATK
| Q4 25 | $-0.03 | $0.82 | ||
| Q3 25 | $0.00 | $1.01 | ||
| Q2 25 | $-0.15 | $0.96 | ||
| Q1 25 | $-0.11 | $1.11 | ||
| Q4 24 | $-0.05 | $-1.44 | ||
| Q3 24 | $-0.04 | $1.80 | ||
| Q2 24 | $-0.04 | $2.16 | ||
| Q1 24 | $-0.10 | $1.59 |
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 | $26.4M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $1.5B | $1.2B |
| 总资产 | $6.0B | $3.1B |
| 负债/权益比越低杠杆越低 | — | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资NETPATK
| Q4 25 | $943.5M | $26.4M | ||
| Q3 25 | $1.1B | $20.7M | ||
| Q2 25 | $1.5B | $22.0M | ||
| Q1 25 | $204.5M | $86.6M | ||
| Q4 24 | $147.7M | $33.6M | ||
| Q3 24 | $182.9M | $52.6M | ||
| Q2 24 | $157.0M | $44.0M | ||
| Q1 24 | $254.4M | $17.6M |
总债务NETPATK
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETPATK
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $973.1M | $1.1B | ||
| Q2 24 | $881.5M | $1.1B | ||
| Q1 24 | $797.2M | $1.1B |
总资产NETPATK
| Q4 25 | $6.0B | $3.1B | ||
| Q3 25 | $5.8B | $3.1B | ||
| Q2 25 | $5.6B | $3.1B | ||
| Q1 25 | $3.7B | $3.2B | ||
| Q4 24 | $3.3B | $3.0B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $2.9B | $3.0B | ||
| Q1 24 | $2.8B | $3.0B |
负债/权益比NETPATK
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| 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 | $130.8M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $112.7M |
| 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% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 4.50× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $246.5M |
8季度趋势，按日历期对齐
经营现金流NETPATK
| Q4 25 | $190.4M | $130.8M | ||
| Q3 25 | $167.1M | $9.1M | ||
| Q2 25 | $99.8M | $149.4M | ||
| Q1 25 | $145.8M | $40.1M | ||
| Q4 24 | $127.3M | $102.7M | ||
| Q3 24 | $104.7M | $51.5M | ||
| Q2 24 | $74.8M | $137.5M | ||
| Q1 24 | $73.6M | $35.2M |
自由现金流NETPATK
| Q4 25 | $105.2M | $112.7M | ||
| Q3 25 | $82.5M | $-17.2M | ||
| Q2 25 | $39.9M | $131.1M | ||
| Q1 25 | $59.9M | $19.9M | ||
| Q4 24 | $54.2M | $77.2M | ||
| Q3 24 | $54.5M | $33.7M | ||
| Q2 24 | $45.2M | $120.6M | ||
| Q1 24 | $41.5M | $19.7M |
自由现金流率NETPATK
| Q4 25 | 17.1% | 12.2% | ||
| Q3 25 | 14.7% | -1.8% | ||
| Q2 25 | 7.8% | 12.5% | ||
| Q1 25 | 12.5% | 2.0% | ||
| Q4 24 | 11.8% | 9.1% | ||
| Q3 24 | 12.7% | 3.7% | ||
| Q2 24 | 11.3% | 11.9% | ||
| Q1 24 | 11.0% | 2.1% |
资本支出强度NETPATK
| Q4 25 | 13.9% | 2.0% | ||
| Q3 25 | 15.1% | 2.7% | ||
| Q2 25 | 11.7% | 1.7% | ||
| Q1 25 | 17.9% | 2.0% | ||
| Q4 24 | 15.9% | 3.0% | ||
| Q3 24 | 11.7% | 1.9% | ||
| Q2 24 | 7.4% | 1.7% | ||
| Q1 24 | 8.5% | 1.7% |
现金转化率NETPATK
| Q4 25 | — | 4.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 4.61× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 7.05× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | — | 2.87× | ||
| Q1 24 | — | 1.00× |
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% |
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
