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Cloudflare, Inc.（NET）与Privia Health Group, Inc.（PRVA）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Privia Health Group, Inc.的1.1倍（$614.5M vs $541.2M），Privia Health Group, Inc.净利率更高（1.7% vs -2.0%，领先3.7%），Cloudflare, Inc.同比增速更快（33.6% vs 17.4%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 14.2%）
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。
Privia Health Group, Inc.是总部位于美国的医疗科技与服务企业，为独立诊所、医疗系统和医疗支付方提供价值导向型医疗解决方案，涵盖人群健康管理、患者互动平台、护理协调支持及行政流程优化工具，助力提升诊疗效果、降低医疗参与方运营成本。
NET vs PRVA — 直观对比
营收规模更大
NET
是对方的1.1倍
$541.2M
营收增速更快
NET
高出16.2%
17.4%
净利率更高
PRVA
高出3.7%
-2.0%
两年增速更快
NET
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $541.2M |
| 净利润 | $-12.1M | $9.2M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 2.1% |
| 净利率 | -2.0% | 1.7% |
| 营收同比 | 33.6% | 17.4% |
| 净利润同比 | 6.0% | 108.0% |
| 每股收益（稀释后） | $-0.03 | $0.08 |
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NETPRVA
| Q4 25 | $614.5M | $541.2M | ||
| Q3 25 | $562.0M | $580.4M | ||
| Q2 25 | $512.3M | $521.2M | ||
| Q1 25 | $479.1M | $480.1M | ||
| Q4 24 | $459.9M | $460.9M | ||
| Q3 24 | $430.1M | $437.9M | ||
| Q2 24 | $401.0M | $422.3M | ||
| Q1 24 | $378.6M | $415.2M |
净利润NETPRVA
| Q4 25 | $-12.1M | $9.2M | ||
| Q3 25 | $-1.3M | $6.9M | ||
| Q2 25 | $-50.4M | $2.7M | ||
| Q1 25 | $-38.5M | $4.2M | ||
| Q4 24 | $-12.8M | $4.4M | ||
| Q3 24 | $-15.3M | $3.5M | ||
| Q2 24 | $-15.1M | $3.5M | ||
| Q1 24 | $-35.5M | $3.0M |
毛利率NETPRVA
| 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NETPRVA
| Q4 25 | -8.0% | 2.1% | ||
| Q3 25 | -6.7% | 2.5% | ||
| Q2 25 | -13.1% | 0.6% | ||
| Q1 25 | -11.1% | 1.1% | ||
| Q4 24 | -7.5% | 1.1% | ||
| Q3 24 | -7.2% | 1.3% | ||
| Q2 24 | -8.7% | 1.2% | ||
| Q1 24 | -14.4% | 0.2% |
净利率NETPRVA
| Q4 25 | -2.0% | 1.7% | ||
| Q3 25 | -0.2% | 1.2% | ||
| Q2 25 | -9.8% | 0.5% | ||
| Q1 25 | -8.0% | 0.9% | ||
| Q4 24 | -2.8% | 1.0% | ||
| Q3 24 | -3.6% | 0.8% | ||
| Q2 24 | -3.8% | 0.8% | ||
| Q1 24 | -9.4% | 0.7% |
每股收益（稀释后）NETPRVA
| Q4 25 | $-0.03 | $0.08 | ||
| Q3 25 | $0.00 | $0.05 | ||
| Q2 25 | $-0.15 | $0.02 | ||
| Q1 25 | $-0.11 | $0.03 | ||
| Q4 24 | $-0.05 | $0.03 | ||
| Q3 24 | $-0.04 | $0.03 | ||
| Q2 24 | $-0.04 | $0.03 | ||
| Q1 24 | $-0.10 | $0.02 |
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 | $479.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $737.2M |
| 总资产 | $6.0B | $1.4B |
| 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NETPRVA
| Q4 25 | $943.5M | $479.7M | ||
| Q3 25 | $1.1B | $441.4M | ||
| Q2 25 | $1.5B | $390.1M | ||
| Q1 25 | $204.5M | $469.3M | ||
| Q4 24 | $147.7M | $491.1M | ||
| Q3 24 | $182.9M | $422.0M | ||
| Q2 24 | $157.0M | $387.4M | ||
| Q1 24 | $254.4M | $351.1M |
股东权益NETPRVA
| Q4 25 | $1.5B | $737.2M | ||
| Q3 25 | $1.3B | $709.1M | ||
| Q2 25 | $1.2B | $682.9M | ||
| Q1 25 | $1.4B | $659.4M | ||
| Q4 24 | $1.0B | $635.2M | ||
| Q3 24 | $973.1M | $614.9M | ||
| Q2 24 | $881.5M | $595.4M | ||
| Q1 24 | $797.2M | $576.8M |
总资产NETPRVA
| Q4 25 | $6.0B | $1.4B | ||
| Q3 25 | $5.8B | $1.4B | ||
| Q2 25 | $5.6B | $1.3B | ||
| Q1 25 | $3.7B | $1.2B | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $2.9B | $1.1B | ||
| Q1 24 | $2.8B | $1.0B |
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 | $127.5M |
| 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 | — | 13.93× |
| 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NETPRVA
| Q4 25 | $190.4M | $127.5M | ||
| Q3 25 | $167.1M | $52.0M | ||
| Q2 25 | $99.8M | $8.0M | ||
| Q1 25 | $145.8M | $-24.1M | ||
| Q4 24 | $127.3M | $74.8M | ||
| Q3 24 | $104.7M | $33.2M | ||
| Q2 24 | $74.8M | $34.5M | ||
| Q1 24 | $73.6M | $-33.1M |
自由现金流NETPRVA
| 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NETPRVA
| 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NETPRVA
| 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NETPRVA
| Q4 25 | — | 13.93× | ||
| Q3 25 | — | 7.58× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | -5.70× | ||
| Q4 24 | — | 17.00× | ||
| Q3 24 | — | 9.38× | ||
| Q2 24 | — | 9.94× | ||
| Q1 24 | — | -11.10× |
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% |
PRVA
| FFS Patient Care | $364.4M | 67% |
| Capitated Revenue | $71.4M | 13% |
| Shared Savings | $46.9M | 9% |
| FFS Administrative Services | $36.0M | 7% |
| Care Management Fee PMPM | $20.0M | 4% |
| Other Revenue | $2.5M | 0% |
