vs
Cloudflare, Inc.（NET）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Cloudflare, Inc.的2.0倍（$1.2B vs $639.8M），ROKU, INC净利率更高（-2.2% vs -3.6%，领先1.4%），Cloudflare, Inc.同比增速更快（33.5% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $84.1M），过去两年Cloudflare, Inc.的营收复合增速更高（26.3% vs 13.6%）
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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
NET vs ROKU — 直观对比
营收规模更大
ROKU
是对方的2.0倍
$639.8M
营收增速更快
NET
高出51.8%
-18.3%
净利率更高
ROKU
高出1.4%
-3.6%
自由现金流更多
ROKU
多$214.3M
$84.1M
两年增速更快
NET
近两年复合增速
13.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $639.8M | $1.2B |
| 净利润 | $-22.9M | $-27.4M |
| 毛利率 | 71.2% | 35.6% |
| 营业利润率 | 19.1% | 59.7% |
| 净利率 | -3.6% | -2.2% |
| 营收同比 | 33.5% | -18.3% |
| 净利润同比 | 40.4% | -361.0% |
| 每股收益（稀释后） | $-0.07 | $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NETROKU
| Q1 26 | $639.8M | $1.2B | ||
| Q4 25 | $614.5M | $1.4B | ||
| Q3 25 | $562.0M | $1.2B | ||
| Q2 25 | $512.3M | $1.1B | ||
| Q1 25 | $479.1M | $1.0B | ||
| Q4 24 | $459.9M | $1.2B | ||
| Q3 24 | $430.1M | $1.1B | ||
| Q2 24 | $401.0M | $968.2M |
净利润NETROKU
| Q1 26 | $-22.9M | $-27.4M | ||
| Q4 25 | $-12.1M | $80.5M | ||
| Q3 25 | $-1.3M | $24.8M | ||
| Q2 25 | $-50.4M | $10.5M | ||
| Q1 25 | $-38.5M | $-27.4M | ||
| Q4 24 | $-12.8M | $-35.5M | ||
| Q3 24 | $-15.3M | $-9.0M | ||
| Q2 24 | $-15.1M | $-34.0M |
毛利率NETROKU
| Q1 26 | 71.2% | 35.6% | ||
| Q4 25 | 73.6% | 43.5% | ||
| Q3 25 | 74.0% | 43.4% | ||
| Q2 25 | 74.9% | 44.8% | ||
| Q1 25 | 75.9% | 43.6% | ||
| Q4 24 | 76.4% | 42.7% | ||
| Q3 24 | 77.7% | 45.2% | ||
| Q2 24 | 77.8% | 43.9% |
营业利润率NETROKU
| Q1 26 | 19.1% | 59.7% | ||
| Q4 25 | -8.0% | 4.7% | ||
| Q3 25 | -6.7% | 0.8% | ||
| Q2 25 | -13.1% | -2.1% | ||
| Q1 25 | -11.1% | -5.7% | ||
| Q4 24 | -7.5% | -3.3% | ||
| Q3 24 | -7.2% | -3.4% | ||
| Q2 24 | -8.7% | -7.4% |
净利率NETROKU
| Q1 26 | -3.6% | -2.2% | ||
| Q4 25 | -2.0% | 5.8% | ||
| Q3 25 | -0.2% | 2.0% | ||
| Q2 25 | -9.8% | 0.9% | ||
| Q1 25 | -8.0% | -2.7% | ||
| Q4 24 | -2.8% | -3.0% | ||
| Q3 24 | -3.6% | -0.9% | ||
| Q2 24 | -3.8% | -3.5% |
每股收益（稀释后）NETROKU
| Q1 26 | $-0.07 | $0.57 | ||
| Q4 25 | $-0.03 | $0.55 | ||
| Q3 25 | $0.00 | $0.16 | ||
| Q2 25 | $-0.15 | $0.07 | ||
| Q1 25 | $-0.11 | $-0.19 | ||
| Q4 24 | $-0.05 | $-0.24 | ||
| Q3 24 | $-0.04 | $-0.06 | ||
| Q2 24 | $-0.04 | $-0.24 |
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 | $932.2M | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $2.7B |
| 总资产 | $6.2B | $4.4B |
| 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NETROKU
| Q1 26 | $932.2M | $2.4B | ||
| Q4 25 | $943.5M | $2.3B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $204.5M | $2.3B | ||
| Q4 24 | $147.7M | $2.2B | ||
| Q3 24 | $182.9M | $2.1B | ||
| Q2 24 | $157.0M | $2.1B |
股东权益NETROKU
| Q1 26 | $1.5B | $2.7B | ||
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.0B | $2.5B | ||
| Q3 24 | $973.1M | $2.5B | ||
| Q2 24 | $881.5M | $2.4B |
总资产NETROKU
| Q1 26 | $6.2B | $4.4B | ||
| Q4 25 | $6.0B | $4.4B | ||
| Q3 25 | $5.8B | $4.4B | ||
| Q2 25 | $5.6B | $4.3B | ||
| Q1 25 | $3.7B | $4.2B | ||
| Q4 24 | $3.3B | $4.3B | ||
| Q3 24 | $3.1B | $4.3B | ||
| Q2 24 | $2.9B | $4.1B |
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 | $158.3M | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $84.1M | $298.4M |
| 自由现金流率自由现金流/营收 | 13.1% | 23.9% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | $311.7M | $640.0M |
8季度趋势，按日历期对齐
经营现金流NETROKU
| Q1 26 | $158.3M | $199.1M | ||
| Q4 25 | $190.4M | $107.7M | ||
| Q3 25 | $167.1M | $127.6M | ||
| Q2 25 | $99.8M | $109.7M | ||
| Q1 25 | $145.8M | $138.7M | ||
| Q4 24 | $127.3M | $79.3M | ||
| Q3 24 | $104.7M | $68.7M | ||
| Q2 24 | $74.8M | $23.4M |
自由现金流NETROKU
| Q1 26 | $84.1M | $298.4M | ||
| Q4 25 | $105.2M | $106.6M | ||
| Q3 25 | $82.5M | $126.5M | ||
| Q2 25 | $39.9M | $108.6M | ||
| Q1 25 | $59.9M | $136.8M | ||
| Q4 24 | $54.2M | $76.8M | ||
| Q3 24 | $54.5M | $67.6M | ||
| Q2 24 | $45.2M | $22.5M |
自由现金流率NETROKU
| Q1 26 | 13.1% | 23.9% | ||
| Q4 25 | 17.1% | 7.6% | ||
| Q3 25 | 14.7% | 10.4% | ||
| Q2 25 | 7.8% | 9.8% | ||
| Q1 25 | 12.5% | 13.4% | ||
| Q4 24 | 11.8% | 6.4% | ||
| Q3 24 | 12.7% | 6.4% | ||
| Q2 24 | 11.3% | 2.3% |
资本支出强度NETROKU
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 0.1% | ||
| Q3 25 | 15.1% | 0.1% | ||
| Q2 25 | 11.7% | 0.1% | ||
| Q1 25 | 17.9% | 0.2% | ||
| Q4 24 | 15.9% | 0.2% | ||
| Q3 24 | 11.7% | 0.1% | ||
| Q2 24 | 7.4% | 0.1% |
现金转化率NETROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
暂无分部数据
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
