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Cloudflare, Inc.（NET）与Regency Centers（REG）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Regency Centers的1.5倍（$614.5M vs $404.2M），Regency Centers净利率更高（50.1% vs -2.0%，领先52.1%），Cloudflare, Inc.同比增速更快（33.6% vs 8.5%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 5.4%）
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。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
NET vs REG — 直观对比
营收规模更大
NET
是对方的1.5倍
$404.2M
营收增速更快
NET
高出25.1%
8.5%
净利率更高
REG
高出52.1%
-2.0%
两年增速更快
NET
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $404.2M |
| 净利润 | $-12.1M | $202.5M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 71.0% |
| 净利率 | -2.0% | 50.1% |
| 营收同比 | 33.6% | 8.5% |
| 净利润同比 | 6.0% | 134.1% |
| 每股收益（稀释后） | $-0.03 | — |
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NETREG
| Q4 25 | $614.5M | $404.2M | ||
| Q3 25 | $562.0M | $387.6M | ||
| Q2 25 | $512.3M | $380.8M | ||
| Q1 25 | $479.1M | $380.9M | ||
| Q4 24 | $459.9M | $372.5M | ||
| Q3 24 | $430.1M | $360.3M | ||
| Q2 24 | $401.0M | $357.3M | ||
| Q1 24 | $378.6M | $363.9M |
净利润NETREG
| Q4 25 | $-12.1M | $202.5M | ||
| Q3 25 | $-1.3M | $109.4M | ||
| Q2 25 | $-50.4M | $106.0M | ||
| Q1 25 | $-38.5M | $109.6M | ||
| Q4 24 | $-12.8M | $86.5M | ||
| Q3 24 | $-15.3M | $101.5M | ||
| Q2 24 | $-15.1M | $102.7M | ||
| Q1 24 | $-35.5M | $109.8M |
毛利率NETREG
| 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NETREG
| Q4 25 | -8.0% | 71.0% | ||
| Q3 25 | -6.7% | 72.7% | ||
| Q2 25 | -13.1% | 73.8% | ||
| Q1 25 | -11.1% | 71.8% | ||
| Q4 24 | -7.5% | 71.1% | ||
| Q3 24 | -7.2% | 72.5% | ||
| Q2 24 | -8.7% | 72.3% | ||
| Q1 24 | -14.4% | 72.3% |
净利率NETREG
| Q4 25 | -2.0% | 50.1% | ||
| Q3 25 | -0.2% | 28.2% | ||
| Q2 25 | -9.8% | 27.8% | ||
| Q1 25 | -8.0% | 28.8% | ||
| Q4 24 | -2.8% | 23.2% | ||
| Q3 24 | -3.6% | 28.2% | ||
| Q2 24 | -3.8% | 28.7% | ||
| Q1 24 | -9.4% | 30.2% |
每股收益（稀释后）NETREG
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.00 | — | ||
| 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 | — |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $1.5B | $6.9B |
| 总资产 | $6.0B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资NETREG
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $204.5M | — | ||
| Q4 24 | $147.7M | — | ||
| Q3 24 | $182.9M | — | ||
| Q2 24 | $157.0M | — | ||
| Q1 24 | $254.4M | — |
总债务NETREG
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.4B |
股东权益NETREG
| Q4 25 | $1.5B | $6.9B | ||
| Q3 25 | $1.3B | $6.8B | ||
| Q2 25 | $1.2B | $6.7B | ||
| Q1 25 | $1.4B | $6.7B | ||
| Q4 24 | $1.0B | $6.7B | ||
| Q3 24 | $973.1M | $6.8B | ||
| Q2 24 | $881.5M | $6.8B | ||
| Q1 24 | $797.2M | $7.0B |
总资产NETREG
| Q4 25 | $6.0B | $13.0B | ||
| Q3 25 | $5.8B | $13.1B | ||
| Q2 25 | $5.6B | $12.7B | ||
| Q1 25 | $3.7B | $12.6B | ||
| Q4 24 | $3.3B | $12.4B | ||
| Q3 24 | $3.1B | $12.4B | ||
| Q2 24 | $2.9B | $12.4B | ||
| Q1 24 | $2.8B | $12.7B |
负债/权益比NETREG
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.63× |
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 | $203.9M |
| 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 | — | 1.01× |
| 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NETREG
| Q4 25 | $190.4M | $203.9M | ||
| Q3 25 | $167.1M | $218.7M | ||
| Q2 25 | $99.8M | $244.0M | ||
| Q1 25 | $145.8M | $161.0M | ||
| Q4 24 | $127.3M | $191.4M | ||
| Q3 24 | $104.7M | $227.6M | ||
| Q2 24 | $74.8M | $203.5M | ||
| Q1 24 | $73.6M | $167.8M |
自由现金流NETREG
| 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NETREG
| 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NETREG
| 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NETREG
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 2.00× | ||
| Q2 25 | — | 2.30× | ||
| Q1 25 | — | 1.47× | ||
| Q4 24 | — | 2.21× | ||
| Q3 24 | — | 2.24× | ||
| Q2 24 | — | 1.98× | ||
| 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% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
