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Cloudflare, Inc.（NET）与Public Storage（PSA）财务数据对比。点击上方公司名可切换其他公司
Public Storage的季度营收约是Cloudflare, Inc.的2.0倍（$1.2B vs $614.5M），Public Storage净利率更高（41.7% vs -2.0%，领先43.7%），Cloudflare, Inc.同比增速更快（33.6% vs 3.3%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 2.5%）
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。
Public Storage总部位于美国加利福尼亚州格伦代尔，是主营自助仓储业务的房地产投资信托，也是美国最大的自助仓储服务品牌，持有美国约9%的自助仓储面积。截至2024年12月31日，公司运营3073处自助仓储设施，总可出租净面积达2.21亿平方英尺。
NET vs PSA — 直观对比
营收规模更大
PSA
是对方的2.0倍
$614.5M
营收增速更快
NET
高出30.3%
3.3%
净利率更高
PSA
高出43.7%
-2.0%
两年增速更快
NET
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.2B |
| 净利润 | $-12.1M | $507.1M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 40.7% |
| 净利率 | -2.0% | 41.7% |
| 营收同比 | 33.6% | 3.3% |
| 净利润同比 | 6.0% | -17.5% |
| 每股收益（稀释后） | $-0.03 | $2.59 |
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NETPSA
| Q4 25 | $614.5M | $1.2B | ||
| Q3 25 | $562.0M | $1.2B | ||
| Q2 25 | $512.3M | $1.2B | ||
| Q1 25 | $479.1M | $1.2B | ||
| Q4 24 | $459.9M | $1.2B | ||
| Q3 24 | $430.1M | $1.2B | ||
| Q2 24 | $401.0M | $1.2B | ||
| Q1 24 | $378.6M | $1.2B |
净利润NETPSA
| Q4 25 | $-12.1M | $507.1M | ||
| Q3 25 | $-1.3M | $511.1M | ||
| Q2 25 | $-50.4M | $358.4M | ||
| Q1 25 | $-38.5M | $407.8M | ||
| Q4 24 | $-12.8M | $614.6M | ||
| Q3 24 | $-15.3M | $430.3M | ||
| Q2 24 | $-15.1M | $518.1M | ||
| Q1 24 | $-35.5M | $508.9M |
毛利率NETPSA
| 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NETPSA
| Q4 25 | -8.0% | 40.7% | ||
| Q3 25 | -6.7% | 42.3% | ||
| Q2 25 | -13.1% | 30.4% | ||
| Q1 25 | -11.1% | 34.8% | ||
| Q4 24 | -7.5% | 52.4% | ||
| Q3 24 | -7.2% | 36.7% | ||
| Q2 24 | -8.7% | 44.6% | ||
| Q1 24 | -14.4% | 44.3% |
净利率NETPSA
| Q4 25 | -2.0% | 41.7% | ||
| Q3 25 | -0.2% | 41.8% | ||
| Q2 25 | -9.8% | 29.8% | ||
| Q1 25 | -8.0% | 34.5% | ||
| Q4 24 | -2.8% | 52.2% | ||
| Q3 24 | -3.6% | 36.2% | ||
| Q2 24 | -3.8% | 44.2% | ||
| Q1 24 | -9.4% | 44.0% |
每股收益（稀释后）NETPSA
| Q4 25 | $-0.03 | $2.59 | ||
| Q3 25 | $0.00 | $2.62 | ||
| Q2 25 | $-0.15 | $1.76 | ||
| Q1 25 | $-0.11 | $2.04 | ||
| Q4 24 | $-0.05 | $3.22 | ||
| Q3 24 | $-0.04 | $2.16 | ||
| Q2 24 | $-0.04 | $2.66 | ||
| Q1 24 | $-0.10 | $2.60 |
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 | $318.1M |
| 总债务越低越好 | — | $10.3B |
| 股东权益账面价值 | $1.5B | $9.2B |
| 总资产 | $6.0B | $20.2B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资NETPSA
| Q4 25 | $943.5M | $318.1M | ||
| Q3 25 | $1.1B | $296.5M | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $204.5M | $287.2M | ||
| Q4 24 | $147.7M | $447.4M | ||
| Q3 24 | $182.9M | $599.0M | ||
| Q2 24 | $157.0M | $542.3M | ||
| Q1 24 | $254.4M | $271.6M |
总债务NETPSA
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
股东权益NETPSA
| Q4 25 | $1.5B | $9.2B | ||
| Q3 25 | $1.3B | $9.3B | ||
| Q2 25 | $1.2B | $9.4B | ||
| Q1 25 | $1.4B | $9.6B | ||
| Q4 24 | $1.0B | $9.7B | ||
| Q3 24 | $973.1M | $9.6B | ||
| Q2 24 | $881.5M | $9.7B | ||
| Q1 24 | $797.2M | $9.9B |
总资产NETPSA
| Q4 25 | $6.0B | $20.2B | ||
| Q3 25 | $5.8B | $20.1B | ||
| Q2 25 | $5.6B | $20.5B | ||
| Q1 25 | $3.7B | $19.6B | ||
| Q4 24 | $3.3B | $19.8B | ||
| Q3 24 | $3.1B | $19.8B | ||
| Q2 24 | $2.9B | $19.8B | ||
| Q1 24 | $2.8B | $19.6B |
负债/权益比NETPSA
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
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 | $733.6M |
| 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 | — | 1.45× |
| 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NETPSA
| Q4 25 | $190.4M | $733.6M | ||
| Q3 25 | $167.1M | $875.1M | ||
| Q2 25 | $99.8M | $872.7M | ||
| Q1 25 | $145.8M | $705.1M | ||
| Q4 24 | $127.3M | $768.6M | ||
| Q3 24 | $104.7M | $798.8M | ||
| Q2 24 | $74.8M | $895.3M | ||
| Q1 24 | $73.6M | $665.6M |
自由现金流NETPSA
| 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NETPSA
| 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NETPSA
| 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NETPSA
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.43× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | — | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
