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Cloudflare, Inc.（NET）与Pattern Group Inc.（PTRN）财务数据对比。点击上方公司名可切换其他公司
Pattern Group Inc.的季度营收约是Cloudflare, Inc.的1.0倍（$639.7M vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -9.2%，领先7.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $75.7M）
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。
Pattern Energy Group是一家美国可再生能源企业，专注于开发、持有及运营公用事业级风电和光伏设施，业务覆盖美国、加拿大及墨西哥市场，总部位于加利福尼亚州旧金山，在得克萨斯州休斯敦设有运营中心。
NET vs PTRN — 直观对比
营收规模更大
PTRN
是对方的1.0倍
$614.5M
净利率更高
NET
高出7.3%
-9.2%
自由现金流更多
NET
多$29.5M
$75.7M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $639.7M |
| 净利润 | $-12.1M | $-59.1M |
| 毛利率 | 73.6% | 44.3% |
| 营业利润率 | -8.0% | -9.4% |
| 净利率 | -2.0% | -9.2% |
| 营收同比 | 33.6% | — |
| 净利润同比 | 6.0% | — |
| 每股收益（稀释后） | $-0.03 | $-2.19 |
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
营收NETPTRN
| Q4 25 | $614.5M | — | ||
| Q3 25 | $562.0M | $639.7M | ||
| Q2 25 | $512.3M | — | ||
| Q1 25 | $479.1M | — | ||
| Q4 24 | $459.9M | — | ||
| Q3 24 | $430.1M | — | ||
| Q2 24 | $401.0M | — | ||
| Q1 24 | $378.6M | — |
净利润NETPTRN
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-1.3M | $-59.1M | ||
| Q2 25 | $-50.4M | — | ||
| Q1 25 | $-38.5M | — | ||
| Q4 24 | $-12.8M | — | ||
| Q3 24 | $-15.3M | — | ||
| Q2 24 | $-15.1M | — | ||
| Q1 24 | $-35.5M | — |
毛利率NETPTRN
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | 44.3% | ||
| 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NETPTRN
| Q4 25 | -8.0% | — | ||
| Q3 25 | -6.7% | -9.4% | ||
| Q2 25 | -13.1% | — | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -7.5% | — | ||
| Q3 24 | -7.2% | — | ||
| Q2 24 | -8.7% | — | ||
| Q1 24 | -14.4% | — |
净利率NETPTRN
| Q4 25 | -2.0% | — | ||
| Q3 25 | -0.2% | -9.2% | ||
| Q2 25 | -9.8% | — | ||
| Q1 25 | -8.0% | — | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | -3.6% | — | ||
| Q2 24 | -3.8% | — | ||
| Q1 24 | -9.4% | — |
每股收益（稀释后）NETPTRN
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.00 | $-2.19 | ||
| Q2 25 | $-0.15 | — | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $-0.10 | — |
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 | $312.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $541.4M |
| 总资产 | $6.0B | $843.1M |
| 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NETPTRN
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | $312.8M | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $204.5M | — | ||
| Q4 24 | $147.7M | — | ||
| Q3 24 | $182.9M | — | ||
| Q2 24 | $157.0M | — | ||
| Q1 24 | $254.4M | — |
股东权益NETPTRN
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $541.4M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $973.1M | — | ||
| Q2 24 | $881.5M | — | ||
| Q1 24 | $797.2M | — |
总资产NETPTRN
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | $843.1M | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.8B | — |
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 | $90.9M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $75.7M |
| 自由现金流率自由现金流/营收 | 17.1% | 11.8% |
| 资本支出强度资本支出/营收 | 13.9% | 2.4% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流NETPTRN
| Q4 25 | $190.4M | — | ||
| Q3 25 | $167.1M | $90.9M | ||
| Q2 25 | $99.8M | — | ||
| Q1 25 | $145.8M | — | ||
| Q4 24 | $127.3M | — | ||
| Q3 24 | $104.7M | — | ||
| Q2 24 | $74.8M | — | ||
| Q1 24 | $73.6M | — |
自由现金流NETPTRN
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | $75.7M | ||
| 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NETPTRN
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | 11.8% | ||
| 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NETPTRN
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | 2.4% | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 8.5% | — |
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% |
PTRN
| Amazon.com | $549.2M | 86% |
| Amazon Marketplaces International | $43.4M | 7% |
| Other Online Marketplaces And Channels | $39.4M | 6% |
| Saa S Logistics And Other Revenue | $7.7M | 1% |
