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Cloudflare, Inc.（NET）与Ralliant Corp（RAL）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Ralliant Corp的1.2倍（$614.5M vs $529.1M），Ralliant Corp净利率更高（7.5% vs -2.0%，领先9.5%），Cloudflare, Inc.同比增速更快（33.6% vs -0.5%），Ralliant Corp自由现金流更多（$126.6M vs $105.2M）
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。
NET vs RAL — 直观对比
营收规模更大
NET
是对方的1.2倍
$529.1M
营收增速更快
NET
高出34.1%
-0.5%
净利率更高
RAL
高出9.5%
-2.0%
自由现金流更多
RAL
多$21.4M
$105.2M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $529.1M |
| 净利润 | $-12.1M | $39.9M |
| 毛利率 | 73.6% | 50.8% |
| 营业利润率 | -8.0% | 9.8% |
| 净利率 | -2.0% | 7.5% |
| 营收同比 | 33.6% | -0.5% |
| 净利润同比 | 6.0% | -56.1% |
| 每股收益（稀释后） | $-0.03 | $0.35 |
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NETRAL
| Q4 25 | $614.5M | — | ||
| Q3 25 | $562.0M | $529.1M | ||
| Q2 25 | $512.3M | $503.3M | ||
| Q1 25 | $479.1M | — | ||
| Q4 24 | $459.9M | — | ||
| Q3 24 | $430.1M | $531.7M | ||
| Q2 24 | $401.0M | $533.7M | ||
| Q1 24 | $378.6M | — |
净利润NETRAL
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-1.3M | $39.9M | ||
| Q2 25 | $-50.4M | $47.6M | ||
| Q1 25 | $-38.5M | — | ||
| Q4 24 | $-12.8M | — | ||
| Q3 24 | $-15.3M | $90.9M | ||
| Q2 24 | $-15.1M | $64.8M | ||
| Q1 24 | $-35.5M | — |
毛利率NETRAL
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | 50.8% | ||
| Q2 25 | 74.9% | 49.3% | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | 52.6% | ||
| Q2 24 | 77.8% | 51.5% | ||
| Q1 24 | 77.5% | — |
营业利润率NETRAL
| Q4 25 | -8.0% | — | ||
| Q3 25 | -6.7% | 9.8% | ||
| Q2 25 | -13.1% | 11.7% | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -7.5% | — | ||
| Q3 24 | -7.2% | 20.9% | ||
| Q2 24 | -8.7% | 19.7% | ||
| Q1 24 | -14.4% | — |
净利率NETRAL
| Q4 25 | -2.0% | — | ||
| Q3 25 | -0.2% | 7.5% | ||
| Q2 25 | -9.8% | 9.5% | ||
| Q1 25 | -8.0% | — | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | -3.6% | 17.1% | ||
| Q2 24 | -3.8% | 12.1% | ||
| Q1 24 | -9.4% | — |
每股收益（稀释后）NETRAL
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.00 | $0.35 | ||
| Q2 25 | $-0.15 | $0.42 | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.04 | $0.81 | ||
| Q2 24 | $-0.04 | $0.57 | ||
| 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 | $264.2M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $1.5B | $3.0B |
| 总资产 | $6.0B | $5.3B |
| 负债/权益比越低杠杆越低 | — | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资NETRAL
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | $264.2M | ||
| Q2 25 | $1.5B | $198.6M | ||
| Q1 25 | $204.5M | — | ||
| Q4 24 | $147.7M | — | ||
| Q3 24 | $182.9M | — | ||
| Q2 24 | $157.0M | — | ||
| Q1 24 | $254.4M | — |
总债务NETRAL
| Q4 25 | — | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETRAL
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $3.0B | ||
| Q2 25 | $1.2B | $3.0B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $973.1M | $4.0B | ||
| Q2 24 | $881.5M | $4.0B | ||
| Q1 24 | $797.2M | — |
总资产NETRAL
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | $5.3B | ||
| Q2 25 | $5.6B | $5.2B | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.8B | — |
负债/权益比NETRAL
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $138.6M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $126.6M |
| 自由现金流率自由现金流/营收 | 17.1% | 23.9% |
| 资本支出强度资本支出/营收 | 13.9% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 3.47× |
| 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NETRAL
| Q4 25 | $190.4M | — | ||
| Q3 25 | $167.1M | $138.6M | ||
| 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NETRAL
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | $126.6M | ||
| 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NETRAL
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | 23.9% | ||
| 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NETRAL
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | 2.3% | ||
| 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NETRAL
| Q4 25 | — | — | ||
| Q3 25 | — | 3.47× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
