vs
Cloudflare, Inc.（NET）与PHINIA INC.（PHIN）财务数据对比。点击上方公司名可切换其他公司
PHINIA INC.的季度营收约是Cloudflare, Inc.的1.4倍（$889.0M vs $614.5M），Cloudflare, Inc.同比增速更快（33.6% vs 6.7%），Cloudflare, Inc.自由现金流更多（$105.2M vs $67.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 1.5%）
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。
PHINIA INC.是一家全球汽车技术供应商，主打燃油喷射系统、起动机、发电机及混动、电动汽车零部件，服务全球各主要市场的整车生产商和售后客户，覆盖乘用车、商用车及工业出行领域。
NET vs PHIN — 直观对比
营收规模更大
PHIN
是对方的1.4倍
$614.5M
营收增速更快
NET
高出26.9%
6.7%
自由现金流更多
NET
多$38.2M
$67.0M
两年增速更快
NET
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $889.0M |
| 净利润 | $-12.1M | — |
| 毛利率 | 73.6% | 21.7% |
| 营业利润率 | -8.0% | 7.8% |
| 净利率 | -2.0% | — |
| 营收同比 | 33.6% | 6.7% |
| 净利润同比 | 6.0% | — |
| 每股收益（稀释后） | $-0.03 | $1.14 |
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NETPHIN
| Q4 25 | $614.5M | $889.0M | ||
| Q3 25 | $562.0M | $908.0M | ||
| Q2 25 | $512.3M | $890.0M | ||
| Q1 25 | $479.1M | $796.0M | ||
| Q4 24 | $459.9M | $833.0M | ||
| Q3 24 | $430.1M | $839.0M | ||
| Q2 24 | $401.0M | $868.0M | ||
| Q1 24 | $378.6M | $863.0M |
净利润NETPHIN
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-1.3M | $13.0M | ||
| Q2 25 | $-50.4M | $46.0M | ||
| Q1 25 | $-38.5M | $26.0M | ||
| Q4 24 | $-12.8M | — | ||
| Q3 24 | $-15.3M | $31.0M | ||
| Q2 24 | $-15.1M | $14.0M | ||
| Q1 24 | $-35.5M | $29.0M |
毛利率NETPHIN
| Q4 25 | 73.6% | 21.7% | ||
| Q3 25 | 74.0% | 22.0% | ||
| Q2 25 | 74.9% | 22.1% | ||
| Q1 25 | 75.9% | 21.6% | ||
| Q4 24 | 76.4% | 22.7% | ||
| Q3 24 | 77.7% | 22.3% | ||
| Q2 24 | 77.8% | 21.7% | ||
| Q1 24 | 77.5% | 22.2% |
营业利润率NETPHIN
| Q4 25 | -8.0% | 7.8% | ||
| Q3 25 | -6.7% | 3.7% | ||
| Q2 25 | -13.1% | 10.0% | ||
| Q1 25 | -11.1% | 7.8% | ||
| Q4 24 | -7.5% | 6.1% | ||
| Q3 24 | -7.2% | 7.9% | ||
| Q2 24 | -8.7% | 8.2% | ||
| Q1 24 | -14.4% | 8.2% |
净利率NETPHIN
| Q4 25 | -2.0% | — | ||
| Q3 25 | -0.2% | 1.4% | ||
| Q2 25 | -9.8% | 5.2% | ||
| Q1 25 | -8.0% | 3.3% | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | -3.6% | 3.7% | ||
| Q2 24 | -3.8% | 1.6% | ||
| Q1 24 | -9.4% | 3.4% |
每股收益（稀释后）NETPHIN
| Q4 25 | $-0.03 | $1.14 | ||
| Q3 25 | $0.00 | $0.33 | ||
| Q2 25 | $-0.15 | $1.14 | ||
| Q1 25 | $-0.11 | $0.63 | ||
| Q4 24 | $-0.05 | $0.13 | ||
| Q3 24 | $-0.04 | $0.70 | ||
| Q2 24 | $-0.04 | $0.31 | ||
| Q1 24 | $-0.10 | $0.62 |
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 | $359.0M |
| 总债务越低越好 | — | $970.0M |
| 股东权益账面价值 | $1.5B | $1.6B |
| 总资产 | $6.0B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资NETPHIN
| Q4 25 | $943.5M | $359.0M | ||
| Q3 25 | $1.1B | $349.0M | ||
| Q2 25 | $1.5B | $347.0M | ||
| Q1 25 | $204.5M | $373.0M | ||
| Q4 24 | $147.7M | $484.0M | ||
| Q3 24 | $182.9M | $477.0M | ||
| Q2 24 | $157.0M | $339.0M | ||
| Q1 24 | $254.4M | $325.0M |
总债务NETPHIN
| Q4 25 | — | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M | ||
| Q1 24 | — | $706.0M |
股东权益NETPHIN
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $973.1M | $1.7B | ||
| Q2 24 | $881.5M | $1.7B | ||
| Q1 24 | $797.2M | $1.9B |
总资产NETPHIN
| Q4 25 | $6.0B | $3.8B | ||
| Q3 25 | $5.8B | $4.0B | ||
| Q2 25 | $5.6B | $3.9B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $3.1B | $4.0B | ||
| Q2 24 | $2.9B | $3.9B | ||
| Q1 24 | $2.8B | $4.0B |
负债/权益比NETPHIN
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.38× |
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 | $96.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $67.0M |
| 自由现金流率自由现金流/营收 | 17.1% | 7.5% |
| 资本支出强度资本支出/营收 | 13.9% | 3.3% |
| 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 | $188.0M |
8季度趋势，按日历期对齐
经营现金流NETPHIN
| Q4 25 | $190.4M | $96.0M | ||
| Q3 25 | $167.1M | $119.0M | ||
| Q2 25 | $99.8M | $57.0M | ||
| Q1 25 | $145.8M | $40.0M | ||
| Q4 24 | $127.3M | $73.0M | ||
| Q3 24 | $104.7M | $95.0M | ||
| Q2 24 | $74.8M | $109.0M | ||
| Q1 24 | $73.6M | $31.0M |
自由现金流NETPHIN
| Q4 25 | $105.2M | $67.0M | ||
| Q3 25 | $82.5M | $93.0M | ||
| Q2 25 | $39.9M | $23.0M | ||
| Q1 25 | $59.9M | $5.0M | ||
| Q4 24 | $54.2M | $53.0M | ||
| Q3 24 | $54.5M | $70.0M | ||
| Q2 24 | $45.2M | $92.0M | ||
| Q1 24 | $41.5M | $-12.0M |
自由现金流率NETPHIN
| Q4 25 | 17.1% | 7.5% | ||
| Q3 25 | 14.7% | 10.2% | ||
| Q2 25 | 7.8% | 2.6% | ||
| Q1 25 | 12.5% | 0.6% | ||
| Q4 24 | 11.8% | 6.4% | ||
| Q3 24 | 12.7% | 8.3% | ||
| Q2 24 | 11.3% | 10.6% | ||
| Q1 24 | 11.0% | -1.4% |
资本支出强度NETPHIN
| Q4 25 | 13.9% | 3.3% | ||
| Q3 25 | 15.1% | 2.9% | ||
| Q2 25 | 11.7% | 3.8% | ||
| Q1 25 | 17.9% | 4.4% | ||
| Q4 24 | 15.9% | 2.4% | ||
| Q3 24 | 11.7% | 3.0% | ||
| Q2 24 | 7.4% | 2.0% | ||
| Q1 24 | 8.5% | 5.0% |
现金转化率NETPHIN
| Q4 25 | — | — | ||
| Q3 25 | — | 9.15× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | 7.79× | ||
| Q1 24 | — | 1.07× |
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% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
