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Cloudflare, Inc.（NET）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是Cloudflare, Inc.的1.9倍（$1.2B vs $614.5M），先锋自然资源公司净利率更高（29.0% vs -2.0%，领先31.0%），Cloudflare, Inc.同比增速更快（33.6% vs -9.8%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
NET vs PR — 直观对比
营收规模更大
PR
是对方的1.9倍
$614.5M
营收增速更快
NET
高出43.4%
-9.8%
净利率更高
PR
高出31.0%
-2.0%
两年增速更快
NET
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.2B |
| 净利润 | $-12.1M | $339.5M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 23.1% |
| 净利率 | -2.0% | 29.0% |
| 营收同比 | 33.6% | -9.8% |
| 净利润同比 | 6.0% | 56.7% |
| 每股收益（稀释后） | $-0.03 | $0.48 |
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NETPR
| Q4 25 | $614.5M | $1.2B | ||
| Q3 25 | $562.0M | $1.3B | ||
| Q2 25 | $512.3M | $1.2B | ||
| Q1 25 | $479.1M | $1.4B | ||
| Q4 24 | $459.9M | $1.3B | ||
| Q3 24 | $430.1M | $1.2B | ||
| Q2 24 | $401.0M | $1.2B | ||
| Q1 24 | $378.6M | $1.2B |
净利润NETPR
| Q4 25 | $-12.1M | $339.5M | ||
| Q3 25 | $-1.3M | $59.2M | ||
| Q2 25 | $-50.4M | $207.1M | ||
| Q1 25 | $-38.5M | $329.3M | ||
| Q4 24 | $-12.8M | $216.7M | ||
| Q3 24 | $-15.3M | $386.4M | ||
| Q2 24 | $-15.1M | $235.1M | ||
| Q1 24 | $-35.5M | $146.6M |
毛利率NETPR
| 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NETPR
| Q4 25 | -8.0% | 23.1% | ||
| Q3 25 | -6.7% | 29.6% | ||
| Q2 25 | -13.1% | 24.8% | ||
| Q1 25 | -11.1% | 36.6% | ||
| Q4 24 | -7.5% | 32.8% | ||
| Q3 24 | -7.2% | 32.5% | ||
| Q2 24 | -8.7% | 36.5% | ||
| Q1 24 | -14.4% | 37.7% |
净利率NETPR
| Q4 25 | -2.0% | 29.0% | ||
| Q3 25 | -0.2% | 4.5% | ||
| Q2 25 | -9.8% | 17.3% | ||
| Q1 25 | -8.0% | 23.9% | ||
| Q4 24 | -2.8% | 16.7% | ||
| Q3 24 | -3.6% | 31.8% | ||
| Q2 24 | -3.8% | 18.9% | ||
| Q1 24 | -9.4% | 11.8% |
每股收益（稀释后）NETPR
| Q4 25 | $-0.03 | $0.48 | ||
| Q3 25 | $0.00 | $0.08 | ||
| Q2 25 | $-0.15 | $0.28 | ||
| Q1 25 | $-0.11 | $0.44 | ||
| Q4 24 | $-0.05 | $0.31 | ||
| Q3 24 | $-0.04 | $0.53 | ||
| Q2 24 | $-0.04 | $0.36 | ||
| Q1 24 | $-0.10 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $1.5B | $10.3B |
| 总资产 | $6.0B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资NETPR
| Q4 25 | $943.5M | $153.7M | ||
| Q3 25 | $1.1B | $111.8M | ||
| Q2 25 | $1.5B | $451.0M | ||
| Q1 25 | $204.5M | $702.2M | ||
| Q4 24 | $147.7M | $479.3M | ||
| Q3 24 | $182.9M | $272.0M | ||
| Q2 24 | $157.0M | $47.8M | ||
| Q1 24 | $254.4M | $12.7M |
总债务NETPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益NETPR
| Q4 25 | $1.5B | $10.3B | ||
| Q3 25 | $1.3B | $10.0B | ||
| Q2 25 | $1.2B | $9.5B | ||
| Q1 25 | $1.4B | $9.4B | ||
| Q4 24 | $1.0B | $9.1B | ||
| Q3 24 | $973.1M | $9.0B | ||
| Q2 24 | $881.5M | $8.3B | ||
| Q1 24 | $797.2M | $7.0B |
总资产NETPR
| Q4 25 | $6.0B | $17.9B | ||
| Q3 25 | $5.8B | $17.3B | ||
| Q2 25 | $5.6B | $17.5B | ||
| Q1 25 | $3.7B | $17.1B | ||
| Q4 24 | $3.3B | $16.9B | ||
| Q3 24 | $3.1B | $16.6B | ||
| Q2 24 | $2.9B | $15.4B | ||
| Q1 24 | $2.8B | $15.1B |
负债/权益比NETPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | — |
| 自由现金流率自由现金流/营收 | 17.1% | — |
| 资本支出强度资本支出/营收 | 13.9% | — |
| 现金转化率经营现金流/净利润 | — | 2.66× |
| 过去12个月自由现金流最近4个季度 | $287.5M | — |
8季度趋势，按日历期对齐
经营现金流NETPR
| Q4 25 | $190.4M | $904.3M | ||
| Q3 25 | $167.1M | $766.5M | ||
| Q2 25 | $99.8M | $1.0B | ||
| Q1 25 | $145.8M | $898.0M | ||
| Q4 24 | $127.3M | $871.6M | ||
| Q3 24 | $104.7M | $954.4M | ||
| Q2 24 | $74.8M | $938.4M | ||
| Q1 24 | $73.6M | $647.6M |
自由现金流NETPR
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | — | ||
| Q2 25 | $39.9M | — | ||
| Q1 25 | $59.9M | — | ||
| Q4 24 | $54.2M | — | ||
| Q3 24 | $54.5M | — | ||
| Q2 24 | $45.2M | — | ||
| Q1 24 | $41.5M | — |
自由现金流率NETPR
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 11.3% | — | ||
| Q1 24 | 11.0% | — |
资本支出强度NETPR
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 8.5% | — |
现金转化率NETPR
| Q4 25 | — | 2.66× | ||
| Q3 25 | — | 12.94× | ||
| Q2 25 | — | 5.01× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 2.47× | ||
| Q2 24 | — | 3.99× | ||
| Q1 24 | — | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
