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Cloudflare, Inc.（NET）与Remitly Global, Inc.（RELY）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Remitly Global, Inc.的1.4倍（$614.5M vs $442.2M），Remitly Global, Inc.净利率更高（9.3% vs -2.0%，领先11.3%），Cloudflare, Inc.同比增速更快（33.6% vs 25.7%），Remitly Global, Inc.自由现金流更多（$143.3M vs $105.2M），过去两年Remitly Global, Inc.的营收复合增速更高（28.2% vs 27.4%）
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。
Remitly Global是总部位于美国西雅图的跨境汇款服务提供商，2011年由马修·奥本海默、乔希·哈格与希瓦斯·古拉蒂共同创立，主要为用户提供覆盖全球170多个国家和地区的国际汇款服务，2021年9月在纳斯达克交易所上市。
NET vs RELY — 直观对比
营收规模更大
NET
是对方的1.4倍
$442.2M
营收增速更快
NET
高出7.9%
25.7%
净利率更高
RELY
高出11.3%
-2.0%
自由现金流更多
RELY
多$38.0M
$105.2M
两年增速更快
RELY
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $442.2M |
| 净利润 | $-12.1M | $41.2M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 8.8% |
| 净利率 | -2.0% | 9.3% |
| 营收同比 | 33.6% | 25.7% |
| 净利润同比 | 6.0% | 820.1% |
| 每股收益（稀释后） | $-0.03 | $0.19 |
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NETRELY
| Q4 25 | $614.5M | $442.2M | ||
| Q3 25 | $562.0M | $419.5M | ||
| Q2 25 | $512.3M | $411.9M | ||
| Q1 25 | $479.1M | $361.6M | ||
| Q4 24 | $459.9M | $351.9M | ||
| Q3 24 | $430.1M | $336.5M | ||
| Q2 24 | $401.0M | $306.4M | ||
| Q1 24 | $378.6M | $269.1M |
净利润NETRELY
| Q4 25 | $-12.1M | $41.2M | ||
| Q3 25 | $-1.3M | $8.8M | ||
| Q2 25 | $-50.4M | $6.5M | ||
| Q1 25 | $-38.5M | $11.4M | ||
| Q4 24 | $-12.8M | $-5.7M | ||
| Q3 24 | $-15.3M | $1.9M | ||
| Q2 24 | $-15.1M | $-12.1M | ||
| Q1 24 | $-35.5M | $-21.1M |
毛利率NETRELY
| 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NETRELY
| Q4 25 | -8.0% | 8.8% | ||
| Q3 25 | -6.7% | 2.8% | ||
| Q2 25 | -13.1% | 3.6% | ||
| Q1 25 | -11.1% | 3.4% | ||
| Q4 24 | -7.5% | -1.1% | ||
| Q3 24 | -7.2% | 0.1% | ||
| Q2 24 | -8.7% | -5.1% | ||
| Q1 24 | -14.4% | -7.4% |
净利率NETRELY
| Q4 25 | -2.0% | 9.3% | ||
| Q3 25 | -0.2% | 2.1% | ||
| Q2 25 | -9.8% | 1.6% | ||
| Q1 25 | -8.0% | 3.1% | ||
| Q4 24 | -2.8% | -1.6% | ||
| Q3 24 | -3.6% | 0.6% | ||
| Q2 24 | -3.8% | -3.9% | ||
| Q1 24 | -9.4% | -7.8% |
每股收益（稀释后）NETRELY
| Q4 25 | $-0.03 | $0.19 | ||
| Q3 25 | $0.00 | $0.04 | ||
| Q2 25 | $-0.15 | $0.03 | ||
| Q1 25 | $-0.11 | $0.05 | ||
| Q4 24 | $-0.05 | $-0.03 | ||
| Q3 24 | $-0.04 | $0.01 | ||
| Q2 24 | $-0.04 | $-0.06 | ||
| Q1 24 | $-0.10 | $-0.11 |
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 | $542.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $868.8M |
| 总资产 | $6.0B | $1.5B |
| 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NETRELY
| Q4 25 | $943.5M | $542.4M | ||
| Q3 25 | $1.1B | $476.9M | ||
| Q2 25 | $1.5B | $515.9M | ||
| Q1 25 | $204.5M | $493.9M | ||
| Q4 24 | $147.7M | $368.1M | ||
| Q3 24 | $182.9M | $324.4M | ||
| Q2 24 | $157.0M | $185.2M | ||
| Q1 24 | $254.4M | $286.0M |
股东权益NETRELY
| Q4 25 | $1.5B | $868.8M | ||
| Q3 25 | $1.3B | $797.2M | ||
| Q2 25 | $1.2B | $764.9M | ||
| Q1 25 | $1.4B | $723.5M | ||
| Q4 24 | $1.0B | $665.5M | ||
| Q3 24 | $973.1M | $630.8M | ||
| Q2 24 | $881.5M | $578.9M | ||
| Q1 24 | $797.2M | $549.4M |
总资产NETRELY
| Q4 25 | $6.0B | $1.5B | ||
| Q3 25 | $5.8B | $1.2B | ||
| Q2 25 | $5.6B | $1.2B | ||
| Q1 25 | $3.7B | $1.1B | ||
| Q4 24 | $3.3B | $1.0B | ||
| Q3 24 | $3.1B | $970.4M | ||
| Q2 24 | $2.9B | $950.2M | ||
| Q1 24 | $2.8B | $1.1B |
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 | $149.6M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $143.3M |
| 自由现金流率自由现金流/营收 | 17.1% | 32.4% |
| 资本支出强度资本支出/营收 | 13.9% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.63× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $288.7M |
8季度趋势，按日历期对齐
经营现金流NETRELY
| Q4 25 | $190.4M | $149.6M | ||
| Q3 25 | $167.1M | $1.4M | ||
| Q2 25 | $99.8M | $41.2M | ||
| Q1 25 | $145.8M | $132.9M | ||
| Q4 24 | $127.3M | $-27.3M | ||
| Q3 24 | $104.7M | $146.8M | ||
| Q2 24 | $74.8M | $48.9M | ||
| Q1 24 | $73.6M | $-56.8M |
自由现金流NETRELY
| Q4 25 | $105.2M | $143.3M | ||
| Q3 25 | $82.5M | $-2.1M | ||
| Q2 25 | $39.9M | $28.6M | ||
| Q1 25 | $59.9M | $118.9M | ||
| Q4 24 | $54.2M | $-30.1M | ||
| Q3 24 | $54.5M | $145.6M | ||
| Q2 24 | $45.2M | $47.8M | ||
| Q1 24 | $41.5M | $-57.8M |
自由现金流率NETRELY
| Q4 25 | 17.1% | 32.4% | ||
| Q3 25 | 14.7% | -0.5% | ||
| Q2 25 | 7.8% | 6.9% | ||
| Q1 25 | 12.5% | 32.9% | ||
| Q4 24 | 11.8% | -8.5% | ||
| Q3 24 | 12.7% | 43.3% | ||
| Q2 24 | 11.3% | 15.6% | ||
| Q1 24 | 11.0% | -21.5% |
资本支出强度NETRELY
| Q4 25 | 13.9% | 1.4% | ||
| Q3 25 | 15.1% | 0.8% | ||
| Q2 25 | 11.7% | 3.1% | ||
| Q1 25 | 17.9% | 3.9% | ||
| Q4 24 | 15.9% | 0.8% | ||
| Q3 24 | 11.7% | 0.3% | ||
| Q2 24 | 7.4% | 0.4% | ||
| Q1 24 | 8.5% | 0.4% |
现金转化率NETRELY
| Q4 25 | — | 3.63× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 6.30× | ||
| Q1 25 | — | 11.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 76.56× | ||
| 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% |
RELY
暂无分部数据
