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Cloudflare, Inc.（NET）与RPC INC（RES）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RPC INC的1.4倍（$614.5M vs $425.8M），RPC INC净利率更高（-0.7% vs -2.0%，领先1.2%），Cloudflare, Inc.同比增速更快（33.6% vs 27.0%），Cloudflare, Inc.自由现金流更多（$105.2M vs $31.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 6.2%）
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。
RPC集团是总部位于英国的企业，曾是欧洲规模最大的塑料包装供应商之一，总部坐落于北安普敦郡的拉什登。该公司此前在伦敦证券交易所上市，2019年被贝瑞全球集团收购，贝瑞全球集团又于2025年被安海斯包装收购。
NET vs RES — 直观对比
营收规模更大
NET
是对方的1.4倍
$425.8M
营收增速更快
NET
高出6.6%
27.0%
净利率更高
RES
高出1.2%
-2.0%
自由现金流更多
NET
多$74.0M
$31.2M
两年增速更快
NET
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $425.8M |
| 净利润 | $-12.1M | $-3.1M |
| 毛利率 | 73.6% | 21.0% |
| 营业利润率 | -8.0% | -0.9% |
| 净利率 | -2.0% | -0.7% |
| 营收同比 | 33.6% | 27.0% |
| 净利润同比 | 6.0% | -124.0% |
| 每股收益（稀释后） | $-0.03 | $-0.02 |
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NETRES
| Q4 25 | $614.5M | $425.8M | ||
| Q3 25 | $562.0M | $447.1M | ||
| Q2 25 | $512.3M | $420.8M | ||
| Q1 25 | $479.1M | $332.9M | ||
| Q4 24 | $459.9M | $335.4M | ||
| Q3 24 | $430.1M | $337.7M | ||
| Q2 24 | $401.0M | $364.2M | ||
| Q1 24 | $378.6M | $377.8M |
净利润NETRES
| Q4 25 | $-12.1M | $-3.1M | ||
| Q3 25 | $-1.3M | $13.0M | ||
| Q2 25 | $-50.4M | $10.1M | ||
| Q1 25 | $-38.5M | $12.0M | ||
| Q4 24 | $-12.8M | $12.8M | ||
| Q3 24 | $-15.3M | $18.8M | ||
| Q2 24 | $-15.1M | $32.4M | ||
| Q1 24 | $-35.5M | $27.5M |
毛利率NETRES
| Q4 25 | 73.6% | 21.0% | ||
| Q3 25 | 74.0% | 25.1% | ||
| Q2 25 | 74.9% | 24.5% | ||
| Q1 25 | 75.9% | 26.7% | ||
| Q4 24 | 76.4% | 25.4% | ||
| Q3 24 | 77.7% | 26.7% | ||
| Q2 24 | 77.8% | 28.0% | ||
| Q1 24 | 77.5% | 26.8% |
营业利润率NETRES
| Q4 25 | -8.0% | -0.9% | ||
| Q3 25 | -6.7% | 4.7% | ||
| Q2 25 | -13.1% | 3.7% | ||
| Q1 25 | -11.1% | 3.7% | ||
| Q4 24 | -7.5% | 3.1% | ||
| Q3 24 | -7.2% | 5.7% | ||
| Q2 24 | -8.7% | 9.7% | ||
| Q1 24 | -14.4% | 8.6% |
净利率NETRES
| Q4 25 | -2.0% | -0.7% | ||
| Q3 25 | -0.2% | 2.9% | ||
| Q2 25 | -9.8% | 2.4% | ||
| Q1 25 | -8.0% | 3.6% | ||
| Q4 24 | -2.8% | 3.8% | ||
| Q3 24 | -3.6% | 5.6% | ||
| Q2 24 | -3.8% | 8.9% | ||
| Q1 24 | -9.4% | 7.3% |
每股收益（稀释后）NETRES
| Q4 25 | $-0.03 | $-0.02 | ||
| Q3 25 | $0.00 | $0.06 | ||
| Q2 25 | $-0.15 | $0.05 | ||
| Q1 25 | $-0.11 | $0.06 | ||
| Q4 24 | $-0.05 | $0.06 | ||
| Q3 24 | $-0.04 | $0.09 | ||
| Q2 24 | $-0.04 | $0.15 | ||
| Q1 24 | $-0.10 | $0.13 |
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 | $210.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.1B |
| 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NETRES
| Q4 25 | $943.5M | $210.0M | ||
| Q3 25 | $1.1B | $163.5M | ||
| Q2 25 | $1.5B | $162.1M | ||
| Q1 25 | $204.5M | $326.7M | ||
| Q4 24 | $147.7M | $326.0M | ||
| Q3 24 | $182.9M | $276.9M | ||
| Q2 24 | $157.0M | $261.5M | ||
| Q1 24 | $254.4M | $212.2M |
股东权益NETRES
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $973.1M | $1.1B | ||
| Q2 24 | $881.5M | $1.1B | ||
| Q1 24 | $797.2M | $1.0B |
总资产NETRES
| Q4 25 | $6.0B | $1.5B | ||
| Q3 25 | $5.8B | $1.5B | ||
| Q2 25 | $5.6B | $1.5B | ||
| Q1 25 | $3.7B | $1.3B | ||
| Q4 24 | $3.3B | $1.4B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $2.9B | $1.3B | ||
| Q1 24 | $2.8B | $1.3B |
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 | $61.9M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $31.2M |
| 自由现金流率自由现金流/营收 | 17.1% | 7.3% |
| 资本支出强度资本支出/营收 | 13.9% | 7.2% |
| 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 | $52.9M |
8季度趋势，按日历期对齐
经营现金流NETRES
| Q4 25 | $190.4M | $61.9M | ||
| Q3 25 | $167.1M | $46.5M | ||
| Q2 25 | $99.8M | $53.1M | ||
| Q1 25 | $145.8M | $39.9M | ||
| Q4 24 | $127.3M | $94.2M | ||
| Q3 24 | $104.7M | $70.7M | ||
| Q2 24 | $74.8M | $127.9M | ||
| Q1 24 | $73.6M | $56.6M |
自由现金流NETRES
| Q4 25 | $105.2M | $31.2M | ||
| Q3 25 | $82.5M | $4.1M | ||
| Q2 25 | $39.9M | $10.0M | ||
| Q1 25 | $59.9M | $7.6M | ||
| Q4 24 | $54.2M | $53.7M | ||
| Q3 24 | $54.5M | $19.1M | ||
| Q2 24 | $45.2M | $52.9M | ||
| Q1 24 | $41.5M | $3.8M |
自由现金流率NETRES
| Q4 25 | 17.1% | 7.3% | ||
| Q3 25 | 14.7% | 0.9% | ||
| Q2 25 | 7.8% | 2.4% | ||
| Q1 25 | 12.5% | 2.3% | ||
| Q4 24 | 11.8% | 16.0% | ||
| Q3 24 | 12.7% | 5.6% | ||
| Q2 24 | 11.3% | 14.5% | ||
| Q1 24 | 11.0% | 1.0% |
资本支出强度NETRES
| Q4 25 | 13.9% | 7.2% | ||
| Q3 25 | 15.1% | 9.5% | ||
| Q2 25 | 11.7% | 10.2% | ||
| Q1 25 | 17.9% | 9.7% | ||
| Q4 24 | 15.9% | 12.1% | ||
| Q3 24 | 11.7% | 15.3% | ||
| Q2 24 | 7.4% | 20.6% | ||
| Q1 24 | 8.5% | 14.0% |
现金转化率NETRES
| Q4 25 | — | — | ||
| Q3 25 | — | 3.59× | ||
| Q2 25 | — | 5.23× | ||
| Q1 25 | — | 3.31× | ||
| Q4 24 | — | 7.38× | ||
| Q3 24 | — | 3.76× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | 2.06× |
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% |
RES
| Technical Service | $405.2M | 95% |
| Other | $8.8M | 2% |
| Nitrogen | $6.6M | 2% |
