vs
Cloudflare, Inc.（NET）与PennyMac Financial Services, Inc.（PFSI）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PennyMac Financial Services, Inc.的1.1倍（$614.5M vs $538.0M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs -2.0%，领先1754.4%），Cloudflare, Inc.同比增速更快（33.6% vs 14.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-1.7B），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% 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。
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
NET vs PFSI — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $538.0M |
| 净利润 | $-12.1M | $106.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 25.0% |
| 净利率 | -2.0% | 1752.5% |
| 营收同比 | 33.6% | 14.4% |
| 净利润同比 | 6.0% | 2.2% |
| 每股收益（稀释后） | $-0.03 | $1.97 |
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
| Q4 25 | $614.5M | $538.0M | ||
| Q3 25 | $562.0M | $632.9M | ||
| Q2 25 | $512.3M | $444.7M | ||
| Q1 25 | $479.1M | $430.9M | ||
| Q4 24 | $459.9M | $470.1M | ||
| Q3 24 | $430.1M | $411.8M | ||
| Q2 24 | $401.0M | $406.1M | ||
| Q1 24 | $378.6M | $305.7M |
| Q4 25 | $-12.1M | $106.8M | ||
| Q3 25 | $-1.3M | $181.5M | ||
| Q2 25 | $-50.4M | $136.5M | ||
| Q1 25 | $-38.5M | $76.3M | ||
| Q4 24 | $-12.8M | $104.5M | ||
| Q3 24 | $-15.3M | $69.4M | ||
| Q2 24 | $-15.1M | $98.3M | ||
| Q1 24 | $-35.5M | $39.3M |
| 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% | — |
| Q4 25 | -8.0% | 25.0% | ||
| Q3 25 | -6.7% | 37.3% | ||
| Q2 25 | -13.1% | 17.2% | ||
| Q1 25 | -11.1% | 24.2% | ||
| Q4 24 | -7.5% | 27.5% | ||
| Q3 24 | -7.2% | 22.8% | ||
| Q2 24 | -8.7% | 33.0% | ||
| Q1 24 | -14.4% | 14.4% |
| Q4 25 | -2.0% | 1752.5% | ||
| Q3 25 | -0.2% | 28.7% | ||
| Q2 25 | -9.8% | 30.7% | ||
| Q1 25 | -8.0% | 17.7% | ||
| Q4 24 | -2.8% | 2559.8% | ||
| Q3 24 | -3.6% | 16.8% | ||
| Q2 24 | -3.8% | 24.2% | ||
| Q1 24 | -9.4% | 12.9% |
| Q4 25 | $-0.03 | $1.97 | ||
| Q3 25 | $0.00 | $3.37 | ||
| Q2 25 | $-0.15 | $2.54 | ||
| Q1 25 | $-0.11 | $1.42 | ||
| Q4 24 | $-0.05 | $1.95 | ||
| Q3 24 | $-0.04 | $1.30 | ||
| Q2 24 | $-0.04 | $1.85 | ||
| Q1 24 | $-0.10 | $0.74 |
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 | $410.0M |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $1.5B | $4.3B |
| 总资产 | $6.0B | $29.4B |
| 负债/权益比越低杠杆越低 | — | 1.45× |
8季度趋势，按日历期对齐
| Q4 25 | $943.5M | $410.0M | ||
| Q3 25 | $1.1B | $62.2M | ||
| Q2 25 | $1.5B | $462.3M | ||
| Q1 25 | $204.5M | $443.4M | ||
| Q4 24 | $147.7M | $420.6M | ||
| Q3 24 | $182.9M | $667.9M | ||
| Q2 24 | $157.0M | $188.8M | ||
| Q1 24 | $254.4M | $69.0K |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $1.5B | $4.3B | ||
| Q3 25 | $1.3B | $4.2B | ||
| Q2 25 | $1.2B | $4.0B | ||
| Q1 25 | $1.4B | $3.9B | ||
| Q4 24 | $1.0B | $3.8B | ||
| Q3 24 | $973.1M | $3.7B | ||
| Q2 24 | $881.5M | $3.7B | ||
| Q1 24 | $797.2M | $3.6B |
| Q4 25 | $6.0B | $29.4B | ||
| Q3 25 | $5.8B | $25.4B | ||
| Q2 25 | $5.6B | $24.2B | ||
| Q1 25 | $3.7B | $23.9B | ||
| Q4 24 | $3.3B | $26.1B | ||
| Q3 24 | $3.1B | $22.9B | ||
| Q2 24 | $2.9B | $21.6B | ||
| Q1 24 | $2.8B | $19.8B |
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 1.27× |
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 | $-1.7B |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $-1.7B |
| 自由现金流率自由现金流/营收 | 17.1% | -309.3% |
| 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 | — | -15.46× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $-1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $190.4M | $-1.7B | ||
| Q3 25 | $167.1M | $-697.4M | ||
| Q2 25 | $99.8M | $-131.3M | ||
| Q1 25 | $145.8M | $1.1B | ||
| Q4 24 | $127.3M | $-4.5B | ||
| Q3 24 | $104.7M | $-393.7M | ||
| Q2 24 | $74.8M | $-1.1B | ||
| Q1 24 | $73.6M | $-897.9M |
| Q4 25 | $105.2M | $-1.7B | ||
| Q3 25 | $82.5M | $-699.4M | ||
| Q2 25 | $39.9M | $-132.6M | ||
| Q1 25 | $59.9M | $1.1B | ||
| Q4 24 | $54.2M | $-4.5B | ||
| Q3 24 | $54.5M | $-393.9M | ||
| Q2 24 | $45.2M | $-1.1B | ||
| Q1 24 | $41.5M | $-898.9M |
| Q4 25 | 17.1% | -309.3% | ||
| Q3 25 | 14.7% | -110.5% | ||
| Q2 25 | 7.8% | -29.8% | ||
| Q1 25 | 12.5% | 247.3% | ||
| Q4 24 | 11.8% | -964.7% | ||
| Q3 24 | 12.7% | -95.6% | ||
| Q2 24 | 11.3% | -269.2% | ||
| Q1 24 | 11.0% | -294.1% |
| Q4 25 | 13.9% | 2.2% | ||
| Q3 25 | 15.1% | 0.3% | ||
| Q2 25 | 11.7% | 0.3% | ||
| Q1 25 | 17.9% | 0.1% | ||
| Q4 24 | 15.9% | 0.4% | ||
| Q3 24 | 11.7% | 0.0% | ||
| Q2 24 | 7.4% | 0.1% | ||
| Q1 24 | 8.5% | 0.3% |
| Q4 25 | — | -15.46× | ||
| Q3 25 | — | -3.84× | ||
| Q2 25 | — | -0.96× | ||
| Q1 25 | — | 13.97× | ||
| Q4 24 | — | -43.39× | ||
| Q3 24 | — | -5.68× | ||
| Q2 24 | — | -11.12× | ||
| Q1 24 | — | -22.84× |
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% |
PFSI
暂无分部数据
