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Cloudflare, Inc.（NET）与Primerica, Inc.（PRI）财务数据对比。点击上方公司名可切换其他公司
Primerica, Inc.的季度营收约是Cloudflare, Inc.的1.4倍（$853.7M vs $614.5M），Primerica, Inc.净利率更高（23.1% vs -2.0%，领先25.0%），Cloudflare, Inc.同比增速更快（33.6% vs 11.0%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 7.2%）
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。
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
NET vs PRI — 直观对比
营收规模更大
PRI
是对方的1.4倍
$614.5M
营收增速更快
NET
高出22.6%
11.0%
净利率更高
PRI
高出25.0%
-2.0%
两年增速更快
NET
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $853.7M |
| 净利润 | $-12.1M | $197.0M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 28.9% |
| 净利率 | -2.0% | 23.1% |
| 营收同比 | 33.6% | 11.0% |
| 净利润同比 | 6.0% | 17.9% |
| 每股收益（稀释后） | $-0.03 | $6.11 |
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NETPRI
| Q4 25 | $614.5M | $853.7M | ||
| Q3 25 | $562.0M | $839.9M | ||
| Q2 25 | $512.3M | $793.3M | ||
| Q1 25 | $479.1M | $804.8M | ||
| Q4 24 | $459.9M | $768.8M | ||
| Q3 24 | $430.1M | $774.1M | ||
| Q2 24 | $401.0M | $803.4M | ||
| Q1 24 | $378.6M | $742.8M |
净利润NETPRI
| Q4 25 | $-12.1M | $197.0M | ||
| Q3 25 | $-1.3M | $206.8M | ||
| Q2 25 | $-50.4M | $178.3M | ||
| Q1 25 | $-38.5M | $169.1M | ||
| Q4 24 | $-12.8M | $167.1M | ||
| Q3 24 | $-15.3M | $164.4M | ||
| Q2 24 | $-15.1M | $1.2M | ||
| Q1 24 | $-35.5M | $137.9M |
毛利率NETPRI
| 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% | 98.0% | ||
| Q1 24 | 77.5% | 98.2% |
营业利润率NETPRI
| Q4 25 | -8.0% | 28.9% | ||
| Q3 25 | -6.7% | 32.3% | ||
| Q2 25 | -13.1% | 29.6% | ||
| Q1 25 | -11.1% | 27.5% | ||
| Q4 24 | -7.5% | 64.7% | ||
| Q3 24 | -7.2% | 32.9% | ||
| Q2 24 | -8.7% | 1.0% | ||
| Q1 24 | -14.4% | 24.1% |
净利率NETPRI
| Q4 25 | -2.0% | 23.1% | ||
| Q3 25 | -0.2% | 24.6% | ||
| Q2 25 | -9.8% | 22.5% | ||
| Q1 25 | -8.0% | 21.0% | ||
| Q4 24 | -2.8% | 21.7% | ||
| Q3 24 | -3.6% | 21.2% | ||
| Q2 24 | -3.8% | 0.1% | ||
| Q1 24 | -9.4% | 18.6% |
每股收益（稀释后）NETPRI
| Q4 25 | $-0.03 | $6.11 | ||
| Q3 25 | $0.00 | $6.35 | ||
| Q2 25 | $-0.15 | $5.40 | ||
| Q1 25 | $-0.11 | $5.05 | ||
| Q4 24 | $-0.05 | $4.92 | ||
| Q3 24 | $-0.04 | $4.83 | ||
| Q2 24 | $-0.04 | $0.03 | ||
| Q1 24 | $-0.10 | $3.93 |
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 | $756.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $2.4B |
| 总资产 | $6.0B | $15.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NETPRI
| Q4 25 | $943.5M | $756.2M | ||
| Q3 25 | $1.1B | $644.9M | ||
| Q2 25 | $1.5B | $621.2M | ||
| Q1 25 | $204.5M | $625.1M | ||
| Q4 24 | $147.7M | $687.8M | ||
| Q3 24 | $182.9M | $550.1M | ||
| Q2 24 | $157.0M | $627.3M | ||
| Q1 24 | $254.4M | $593.4M |
股东权益NETPRI
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.3B | $2.3B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $973.1M | $1.9B | ||
| Q2 24 | $881.5M | $2.1B | ||
| Q1 24 | $797.2M | $2.2B |
总资产NETPRI
| Q4 25 | $6.0B | $15.0B | ||
| Q3 25 | $5.8B | $14.8B | ||
| Q2 25 | $5.6B | $14.8B | ||
| Q1 25 | $3.7B | $14.6B | ||
| Q4 24 | $3.3B | $14.6B | ||
| Q3 24 | $3.1B | $14.8B | ||
| Q2 24 | $2.9B | $14.6B | ||
| Q1 24 | $2.8B | $14.9B |
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 | $338.2M |
| 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 | — | 1.72× |
| 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NETPRI
| Q4 25 | $190.4M | $338.2M | ||
| Q3 25 | $167.1M | $202.9M | ||
| Q2 25 | $99.8M | $162.6M | ||
| Q1 25 | $145.8M | $197.5M | ||
| Q4 24 | $127.3M | $270.6M | ||
| Q3 24 | $104.7M | $207.3M | ||
| Q2 24 | $74.8M | $173.3M | ||
| Q1 24 | $73.6M | $210.9M |
自由现金流NETPRI
| 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NETPRI
| 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NETPRI
| 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NETPRI
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 1.62× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | — | 147.98× | ||
| Q1 24 | — | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
