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Cloudflare, Inc.（NET）与Childrens Place, Inc.（PLCE）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Childrens Place, Inc.的1.8倍（$614.5M vs $339.5M），Childrens Place, Inc.净利率更高（-1.3% vs -2.0%，领先0.7%），Cloudflare, Inc.同比增速更快（33.6% vs -13.0%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-3.4M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -13.6%）
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。
Children’s Place是专业儿童服饰零售商，产品主要以旗下自有品牌发售，涵盖Gymboree、Sugar & Jade、PJ Place、Crazy 8等。目前该品牌在美国、加拿大、波多黎各共开设约525家门店，同时通过两个线上渠道以及15个国家的5家加盟合作伙伴开展销售，产品涵盖上衣、裙装、鞋履、裤装、睡衣、背包等全品类儿童服饰配件。
NET vs PLCE — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $339.5M |
| 净利润 | $-12.1M | $-4.3M |
| 毛利率 | 73.6% | 33.1% |
| 营业利润率 | -8.0% | 1.1% |
| 净利率 | -2.0% | -1.3% |
| 营收同比 | 33.6% | -13.0% |
| 净利润同比 | 6.0% | -121.5% |
| 每股收益（稀释后） | $-0.03 | $-0.19 |
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 | $339.5M | ||
| Q3 25 | $562.0M | $298.0M | ||
| Q2 25 | $512.3M | $242.1M | ||
| Q1 25 | $479.1M | $408.6M | ||
| Q4 24 | $459.9M | $390.2M | ||
| Q3 24 | $430.1M | $319.7M | ||
| Q2 24 | $401.0M | $267.9M | ||
| Q1 24 | $378.6M | $455.0M |
| Q4 25 | $-12.1M | $-4.3M | ||
| Q3 25 | $-1.3M | $-5.4M | ||
| Q2 25 | $-50.4M | $-34.0M | ||
| Q1 25 | $-38.5M | $-8.0M | ||
| Q4 24 | $-12.8M | $20.1M | ||
| Q3 24 | $-15.3M | $-32.1M | ||
| Q2 24 | $-15.1M | $-37.8M | ||
| Q1 24 | $-35.5M | $-128.8M |
| Q4 25 | 73.6% | 33.1% | ||
| Q3 25 | 74.0% | 34.0% | ||
| Q2 25 | 74.9% | 29.2% | ||
| Q1 25 | 75.9% | 28.5% | ||
| Q4 24 | 76.4% | 35.5% | ||
| Q3 24 | 77.7% | 35.0% | ||
| Q2 24 | 77.8% | 34.6% | ||
| Q1 24 | 77.5% | 21.8% |
| Q4 25 | -8.0% | 1.1% | ||
| Q3 25 | -6.7% | 1.4% | ||
| Q2 25 | -13.1% | -10.0% | ||
| Q1 25 | -11.1% | 1.7% | ||
| Q4 24 | -7.5% | 7.5% | ||
| Q3 24 | -7.2% | -6.8% | ||
| Q2 24 | -8.7% | -10.4% | ||
| Q1 24 | -14.4% | -13.6% |
| Q4 25 | -2.0% | -1.3% | ||
| Q3 25 | -0.2% | -1.8% | ||
| Q2 25 | -9.8% | -14.1% | ||
| Q1 25 | -8.0% | -2.0% | ||
| Q4 24 | -2.8% | 5.1% | ||
| Q3 24 | -3.6% | -10.0% | ||
| Q2 24 | -3.8% | -14.1% | ||
| Q1 24 | -9.4% | -28.3% |
| Q4 25 | $-0.03 | $-0.19 | ||
| Q3 25 | $0.00 | $-0.24 | ||
| Q2 25 | $-0.15 | $-1.57 | ||
| Q1 25 | $-0.11 | $-0.60 | ||
| Q4 24 | $-0.05 | $1.57 | ||
| Q3 24 | $-0.04 | $-2.51 | ||
| Q2 24 | $-0.04 | $-2.98 | ||
| Q1 24 | $-0.10 | $-10.24 |
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 | $7.3M |
| 总债务越低越好 | — | $107.4M |
| 股东权益账面价值 | $1.5B | $-8.6M |
| 总资产 | $6.0B | $762.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $943.5M | $7.3M | ||
| Q3 25 | $1.1B | $7.8M | ||
| Q2 25 | $1.5B | $5.7M | ||
| Q1 25 | $204.5M | $5.3M | ||
| Q4 24 | $147.7M | $5.7M | ||
| Q3 24 | $182.9M | $9.6M | ||
| Q2 24 | $157.0M | $13.0M | ||
| Q1 24 | $254.4M | $13.6M |
| Q4 25 | — | $107.4M | ||
| Q3 25 | — | $107.2M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $166.0M | ||
| Q4 24 | — | $165.7M | ||
| Q3 24 | — | $165.4M | ||
| Q2 24 | — | $166.6M | ||
| Q1 24 | — | $49.8M |
| Q4 25 | $1.5B | $-8.6M | ||
| Q3 25 | $1.3B | $-4.9M | ||
| Q2 25 | $1.2B | $1.4M | ||
| Q1 25 | $1.4B | $-59.4M | ||
| Q4 24 | $1.0B | $-49.6M | ||
| Q3 24 | $973.1M | $-68.9M | ||
| Q2 24 | $881.5M | $-34.9M | ||
| Q1 24 | $797.2M | $-9.0M |
| Q4 25 | $6.0B | $762.5M | ||
| Q3 25 | $5.8B | $805.1M | ||
| Q2 25 | $5.6B | $779.6M | ||
| Q1 25 | $3.7B | $747.6M | ||
| Q4 24 | $3.3B | $888.8M | ||
| Q3 24 | $3.1B | $921.4M | ||
| Q2 24 | $2.9B | $848.3M | ||
| Q1 24 | $2.8B | $800.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 75.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $6.2M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $-3.4M |
| 自由现金流率自由现金流/营收 | 17.1% | -1.0% |
| 资本支出强度资本支出/营收 | 13.9% | 2.8% |
| 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 | $39.5M |
8季度趋势，按日历期对齐
| Q4 25 | $190.4M | $6.2M | ||
| Q3 25 | $167.1M | $-30.5M | ||
| Q2 25 | $99.8M | $-43.0M | ||
| Q1 25 | $145.8M | $121.3M | ||
| Q4 24 | $127.3M | $-44.2M | ||
| Q3 24 | $104.7M | $-83.9M | ||
| Q2 24 | $74.8M | $-110.8M | ||
| Q1 24 | $73.6M | $135.4M |
| Q4 25 | $105.2M | $-3.4M | ||
| Q3 25 | $82.5M | $-31.9M | ||
| Q2 25 | $39.9M | $-46.4M | ||
| Q1 25 | $59.9M | $121.2M | ||
| Q4 24 | $54.2M | $-47.7M | ||
| Q3 24 | $54.5M | $-91.7M | ||
| Q2 24 | $45.2M | $-115.5M | ||
| Q1 24 | $41.5M | $132.2M |
| Q4 25 | 17.1% | -1.0% | ||
| Q3 25 | 14.7% | -10.7% | ||
| Q2 25 | 7.8% | -19.2% | ||
| Q1 25 | 12.5% | 29.7% | ||
| Q4 24 | 11.8% | -12.2% | ||
| Q3 24 | 12.7% | -28.7% | ||
| Q2 24 | 11.3% | -43.1% | ||
| Q1 24 | 11.0% | 29.1% |
| Q4 25 | 13.9% | 2.8% | ||
| Q3 25 | 15.1% | 0.5% | ||
| Q2 25 | 11.7% | 1.4% | ||
| Q1 25 | 17.9% | 0.0% | ||
| Q4 24 | 15.9% | 0.9% | ||
| Q3 24 | 11.7% | 2.4% | ||
| Q2 24 | 7.4% | 1.8% | ||
| Q1 24 | 8.5% | 0.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -2.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
PLCE
| The Childrens Place US | $307.4M | 91% |
| The Childrens Place International | $32.1M | 9% |
| Gift Cards | $1.7M | 1% |
