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Cloudflare, Inc.（NET）与REV Group, Inc.（REVG）财务数据对比。点击上方公司名可切换其他公司
REV Group, Inc.的季度营收约是Cloudflare, Inc.的1.1倍（$664.4M vs $614.5M），REV Group, Inc.净利率更高（4.3% vs -2.0%，领先6.3%），Cloudflare, Inc.同比增速更快（33.6% vs 11.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $53.7M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 6.5%）
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。
REV Group是一家美国智能语音转文字服务提供商，总部位于旧金山和奥斯汀，成立于2010年，核心业务涵盖隐藏字幕制作、多语言字幕翻译及文字转录服务，曾获《PC Magazine》2018年编辑选择奖，2019年获评该杂志最佳转录服务提供商。
NET vs REVG — 直观对比
营收规模更大
REVG
是对方的1.1倍
$614.5M
营收增速更快
NET
高出22.5%
11.1%
净利率更高
REVG
高出6.3%
-2.0%
自由现金流更多
NET
多$51.5M
$53.7M
两年增速更快
NET
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $664.4M |
| 净利润 | $-12.1M | $28.9M |
| 毛利率 | 73.6% | 15.4% |
| 营业利润率 | -8.0% | 7.1% |
| 净利率 | -2.0% | 4.3% |
| 营收同比 | 33.6% | 11.1% |
| 净利润同比 | 6.0% | -30.7% |
| 每股收益（稀释后） | $-0.03 | $0.57 |
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NETREVG
| Q4 25 | $614.5M | $664.4M | ||
| Q3 25 | $562.0M | $644.9M | ||
| Q2 25 | $512.3M | $629.1M | ||
| Q1 25 | $479.1M | $525.1M | ||
| Q4 24 | $459.9M | $597.9M | ||
| Q3 24 | $430.1M | $579.4M | ||
| Q2 24 | $401.0M | $616.9M | ||
| Q1 24 | $378.6M | $586.0M |
净利润NETREVG
| Q4 25 | $-12.1M | $28.9M | ||
| Q3 25 | $-1.3M | $29.1M | ||
| Q2 25 | $-50.4M | $19.0M | ||
| Q1 25 | $-38.5M | $18.2M | ||
| Q4 24 | $-12.8M | $41.7M | ||
| Q3 24 | $-15.3M | $18.0M | ||
| Q2 24 | $-15.1M | $15.2M | ||
| Q1 24 | $-35.5M | $182.7M |
毛利率NETREVG
| Q4 25 | 73.6% | 15.4% | ||
| Q3 25 | 74.0% | 15.8% | ||
| Q2 25 | 74.9% | 15.2% | ||
| Q1 25 | 75.9% | 13.3% | ||
| Q4 24 | 76.4% | 13.2% | ||
| Q3 24 | 77.7% | 13.5% | ||
| Q2 24 | 77.8% | 12.5% | ||
| Q1 24 | 77.5% | 10.7% |
营业利润率NETREVG
| Q4 25 | -8.0% | 7.1% | ||
| Q3 25 | -6.7% | 8.8% | ||
| Q2 25 | -13.1% | 7.9% | ||
| Q1 25 | -11.1% | 5.3% | ||
| Q4 24 | -7.5% | 5.8% | ||
| Q3 24 | -7.2% | 4.9% | ||
| Q2 24 | -8.7% | 3.7% | ||
| Q1 24 | -14.4% | -1.1% |
净利率NETREVG
| Q4 25 | -2.0% | 4.3% | ||
| Q3 25 | -0.2% | 4.5% | ||
| Q2 25 | -9.8% | 3.0% | ||
| Q1 25 | -8.0% | 3.5% | ||
| Q4 24 | -2.8% | 7.0% | ||
| Q3 24 | -3.6% | 3.1% | ||
| Q2 24 | -3.8% | 2.5% | ||
| Q1 24 | -9.4% | 31.2% |
每股收益（稀释后）NETREVG
| Q4 25 | $-0.03 | $0.57 | ||
| Q3 25 | $0.00 | $0.59 | ||
| Q2 25 | $-0.15 | $0.38 | ||
| Q1 25 | $-0.11 | $0.35 | ||
| Q4 24 | $-0.05 | $1.03 | ||
| Q3 24 | $-0.04 | $0.35 | ||
| Q2 24 | $-0.04 | $0.28 | ||
| Q1 24 | $-0.10 | $3.06 |
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 | $34.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $416.3M |
| 总资产 | $6.0B | $1.2B |
| 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NETREVG
| Q4 25 | $943.5M | $34.7M | ||
| Q3 25 | $1.1B | $36.0M | ||
| Q2 25 | $1.5B | $28.8M | ||
| Q1 25 | $204.5M | $31.6M | ||
| Q4 24 | $147.7M | $24.6M | ||
| Q3 24 | $182.9M | $50.5M | ||
| Q2 24 | $157.0M | $38.2M | ||
| Q1 24 | $254.4M | $87.9M |
股东权益NETREVG
| Q4 25 | $1.5B | $416.3M | ||
| Q3 25 | $1.3B | $387.3M | ||
| Q2 25 | $1.2B | $357.8M | ||
| Q1 25 | $1.4B | $428.8M | ||
| Q4 24 | $1.0B | $435.1M | ||
| Q3 24 | $973.1M | $394.6M | ||
| Q2 24 | $881.5M | $379.7M | ||
| Q1 24 | $797.2M | $496.1M |
总资产NETREVG
| Q4 25 | $6.0B | $1.2B | ||
| Q3 25 | $5.8B | $1.2B | ||
| Q2 25 | $5.6B | $1.2B | ||
| Q1 25 | $3.7B | $1.2B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $2.9B | $1.3B | ||
| Q1 24 | $2.8B | $1.4B |
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 | $76.9M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $53.7M |
| 自由现金流率自由现金流/营收 | 17.1% | 8.1% |
| 资本支出强度资本支出/营收 | 13.9% | 3.5% |
| 现金转化率经营现金流/净利润 | — | 2.66× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $190.0M |
8季度趋势，按日历期对齐
经营现金流NETREVG
| Q4 25 | $190.4M | $76.9M | ||
| Q3 25 | $167.1M | $60.3M | ||
| Q2 25 | $99.8M | $117.0M | ||
| Q1 25 | $145.8M | $-13.1M | ||
| Q4 24 | $127.3M | $68.6M | ||
| Q3 24 | $104.7M | $14.4M | ||
| Q2 24 | $74.8M | $40.1M | ||
| Q1 24 | $73.6M | $-69.7M |
自由现金流NETREVG
| Q4 25 | $105.2M | $53.7M | ||
| Q3 25 | $82.5M | $48.7M | ||
| Q2 25 | $39.9M | $105.6M | ||
| Q1 25 | $59.9M | $-18.0M | ||
| Q4 24 | $54.2M | $63.3M | ||
| Q3 24 | $54.5M | $8.5M | ||
| Q2 24 | $45.2M | $34.2M | ||
| Q1 24 | $41.5M | $-80.2M |
自由现金流率NETREVG
| Q4 25 | 17.1% | 8.1% | ||
| Q3 25 | 14.7% | 7.6% | ||
| Q2 25 | 7.8% | 16.8% | ||
| Q1 25 | 12.5% | -3.4% | ||
| Q4 24 | 11.8% | 10.6% | ||
| Q3 24 | 12.7% | 1.5% | ||
| Q2 24 | 11.3% | 5.5% | ||
| Q1 24 | 11.0% | -13.7% |
资本支出强度NETREVG
| Q4 25 | 13.9% | 3.5% | ||
| Q3 25 | 15.1% | 1.8% | ||
| Q2 25 | 11.7% | 1.8% | ||
| Q1 25 | 17.9% | 0.9% | ||
| Q4 24 | 15.9% | 0.9% | ||
| Q3 24 | 11.7% | 1.0% | ||
| Q2 24 | 7.4% | 1.0% | ||
| Q1 24 | 8.5% | 1.8% |
现金转化率NETREVG
| Q4 25 | — | 2.66× | ||
| Q3 25 | — | 2.07× | ||
| Q2 25 | — | 6.16× | ||
| Q1 25 | — | -0.72× | ||
| Q4 24 | — | 1.65× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 2.64× | ||
| Q1 24 | — | -0.38× |
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% |
REVG
| Specialty Vehicles | $507.4M | 76% |
| Recreational Vehicles | $157.2M | 24% |
