vs
Cloudflare, Inc.（NET）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是Cloudflare, Inc.的1.7倍（$1.0B vs $614.5M），越洋钻探净利率更高（2.4% vs -2.0%，领先4.4%），Cloudflare, Inc.同比增速更快（33.6% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 16.9%）
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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
NET vs RIG — 直观对比
营收规模更大
RIG
是对方的1.7倍
$614.5M
营收增速更快
NET
高出24.0%
9.6%
净利率更高
RIG
高出4.4%
-2.0%
自由现金流更多
RIG
多$215.8M
$105.2M
两年增速更快
NET
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.0B |
| 净利润 | $-12.1M | $25.0M |
| 毛利率 | 73.6% | 42.0% |
| 营业利润率 | -8.0% | 23.0% |
| 净利率 | -2.0% | 2.4% |
| 营收同比 | 33.6% | 9.6% |
| 净利润同比 | 6.0% | 257.1% |
| 每股收益（稀释后） | $-0.03 | $0.13 |
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NETRIG
| Q4 25 | $614.5M | $1.0B | ||
| Q3 25 | $562.0M | $1.0B | ||
| Q2 25 | $512.3M | $988.0M | ||
| Q1 25 | $479.1M | $906.0M | ||
| Q4 24 | $459.9M | $952.0M | ||
| Q3 24 | $430.1M | $948.0M | ||
| Q2 24 | $401.0M | $861.0M | ||
| Q1 24 | $378.6M | $763.0M |
净利润NETRIG
| Q4 25 | $-12.1M | $25.0M | ||
| Q3 25 | $-1.3M | $-1.9B | ||
| Q2 25 | $-50.4M | $-938.0M | ||
| Q1 25 | $-38.5M | $-79.0M | ||
| Q4 24 | $-12.8M | $7.0M | ||
| Q3 24 | $-15.3M | $-494.0M | ||
| Q2 24 | $-15.1M | $-123.0M | ||
| Q1 24 | $-35.5M | $98.0M |
毛利率NETRIG
| Q4 25 | 73.6% | 42.0% | ||
| Q3 25 | 74.0% | 43.2% | ||
| Q2 25 | 74.9% | 39.4% | ||
| Q1 25 | 75.9% | 31.8% | ||
| Q4 24 | 76.4% | 39.2% | ||
| Q3 24 | 77.7% | 40.6% | ||
| Q2 24 | 77.8% | 38.0% | ||
| Q1 24 | 77.5% | 31.5% |
营业利润率NETRIG
| Q4 25 | -8.0% | 23.0% | ||
| Q3 25 | -6.7% | -163.1% | ||
| Q2 25 | -13.1% | -97.6% | ||
| Q1 25 | -11.1% | 7.1% | ||
| Q4 24 | -7.5% | 13.7% | ||
| Q3 24 | -7.2% | -51.2% | ||
| Q2 24 | -8.7% | -6.9% | ||
| Q1 24 | -14.4% | -0.4% |
净利率NETRIG
| Q4 25 | -2.0% | 2.4% | ||
| Q3 25 | -0.2% | -187.1% | ||
| Q2 25 | -9.8% | -94.9% | ||
| Q1 25 | -8.0% | -8.7% | ||
| Q4 24 | -2.8% | 0.7% | ||
| Q3 24 | -3.6% | -52.1% | ||
| Q2 24 | -3.8% | -14.3% | ||
| Q1 24 | -9.4% | 12.8% |
每股收益（稀释后）NETRIG
| Q4 25 | $-0.03 | $0.13 | ||
| Q3 25 | $0.00 | $-2.00 | ||
| Q2 25 | $-0.15 | $-1.06 | ||
| Q1 25 | $-0.11 | $-0.11 | ||
| Q4 24 | $-0.05 | $-0.14 | ||
| Q3 24 | $-0.04 | $-0.58 | ||
| Q2 24 | $-0.04 | $-0.15 | ||
| 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 | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $1.5B | $8.1B |
| 总资产 | $6.0B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资NETRIG
| Q4 25 | $943.5M | $620.0M | ||
| Q3 25 | $1.1B | $833.0M | ||
| Q2 25 | $1.5B | $377.0M | ||
| Q1 25 | $204.5M | $263.0M | ||
| Q4 24 | $147.7M | $560.0M | ||
| Q3 24 | $182.9M | $435.0M | ||
| Q2 24 | $157.0M | $475.0M | ||
| Q1 24 | $254.4M | $446.0M |
总债务NETRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益NETRIG
| Q4 25 | $1.5B | $8.1B | ||
| Q3 25 | $1.3B | $8.1B | ||
| Q2 25 | $1.2B | $9.4B | ||
| Q1 25 | $1.4B | $10.2B | ||
| Q4 24 | $1.0B | $10.3B | ||
| Q3 24 | $973.1M | $10.2B | ||
| Q2 24 | $881.5M | $10.7B | ||
| Q1 24 | $797.2M | $10.5B |
总资产NETRIG
| Q4 25 | $6.0B | $15.6B | ||
| Q3 25 | $5.8B | $16.2B | ||
| Q2 25 | $5.6B | $17.8B | ||
| Q1 25 | $3.7B | $19.0B | ||
| Q4 24 | $3.3B | $19.4B | ||
| Q3 24 | $3.1B | $19.5B | ||
| Q2 24 | $2.9B | $20.3B | ||
| Q1 24 | $2.8B | $19.9B |
负债/权益比NETRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $321.0M |
| 自由现金流率自由现金流/营收 | 17.1% | 30.8% |
| 资本支出强度资本支出/营收 | 13.9% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $626.0M |
8季度趋势，按日历期对齐
经营现金流NETRIG
| Q4 25 | $190.4M | $349.0M | ||
| Q3 25 | $167.1M | $246.0M | ||
| Q2 25 | $99.8M | $128.0M | ||
| Q1 25 | $145.8M | $26.0M | ||
| Q4 24 | $127.3M | $206.0M | ||
| Q3 24 | $104.7M | $194.0M | ||
| Q2 24 | $74.8M | $133.0M | ||
| Q1 24 | $73.6M | $-86.0M |
自由现金流NETRIG
| Q4 25 | $105.2M | $321.0M | ||
| Q3 25 | $82.5M | $235.0M | ||
| Q2 25 | $39.9M | $104.0M | ||
| Q1 25 | $59.9M | $-34.0M | ||
| Q4 24 | $54.2M | $177.0M | ||
| Q3 24 | $54.5M | $136.0M | ||
| Q2 24 | $45.2M | $49.0M | ||
| Q1 24 | $41.5M | $-169.0M |
自由现金流率NETRIG
| Q4 25 | 17.1% | 30.8% | ||
| Q3 25 | 14.7% | 22.9% | ||
| Q2 25 | 7.8% | 10.5% | ||
| Q1 25 | 12.5% | -3.8% | ||
| Q4 24 | 11.8% | 18.6% | ||
| Q3 24 | 12.7% | 14.3% | ||
| Q2 24 | 11.3% | 5.7% | ||
| Q1 24 | 11.0% | -22.1% |
资本支出强度NETRIG
| Q4 25 | 13.9% | 2.7% | ||
| Q3 25 | 15.1% | 1.1% | ||
| Q2 25 | 11.7% | 2.4% | ||
| Q1 25 | 17.9% | 6.6% | ||
| Q4 24 | 15.9% | 3.0% | ||
| Q3 24 | 11.7% | 6.1% | ||
| Q2 24 | 7.4% | 9.8% | ||
| Q1 24 | 8.5% | 10.9% |
现金转化率NETRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
