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Cloudflare, Inc.（NET）与Ryerson Holding Corp（RYI）财务数据对比。点击上方公司名可切换其他公司
Ryerson Holding Corp的季度营收约是Cloudflare, Inc.的1.8倍（$1.1B vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -3.4%，领先1.5%），Cloudflare, Inc.同比增速更快（33.6% vs 9.7%），Cloudflare, Inc.自由现金流更多（$105.2M vs $91.9M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -5.6%）
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。
莱森控股集团旗下的约瑟夫·T·莱森父子公司是一家金属加工分销服务商，业务覆盖美国、墨西哥、加拿大与中国。公司创立于1842年，总部位于芝加哥，在全球约100个网点拥有约4200名员工，是金属流通领域资历深厚的专业服务商。
NET vs RYI — 直观对比
营收规模更大
RYI
是对方的1.8倍
$614.5M
营收增速更快
NET
高出23.9%
9.7%
净利率更高
NET
高出1.5%
-3.4%
自由现金流更多
NET
多$13.3M
$91.9M
两年增速更快
NET
近两年复合增速
-5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.1B |
| 净利润 | $-12.1M | $-37.9M |
| 毛利率 | 73.6% | 15.3% |
| 营业利润率 | -8.0% | -3.4% |
| 净利率 | -2.0% | -3.4% |
| 营收同比 | 33.6% | 9.7% |
| 净利润同比 | 6.0% | -781.4% |
| 每股收益（稀释后） | $-0.03 | $-1.18 |
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NETRYI
| Q4 25 | $614.5M | $1.1B | ||
| Q3 25 | $562.0M | $1.2B | ||
| Q2 25 | $512.3M | $1.2B | ||
| Q1 25 | $479.1M | $1.1B | ||
| Q4 24 | $459.9M | $1.0B | ||
| Q3 24 | $430.1M | $1.1B | ||
| Q2 24 | $401.0M | $1.2B | ||
| Q1 24 | $378.6M | $1.2B |
净利润NETRYI
| Q4 25 | $-12.1M | $-37.9M | ||
| Q3 25 | $-1.3M | $-14.8M | ||
| Q2 25 | $-50.4M | $1.9M | ||
| Q1 25 | $-38.5M | $-5.6M | ||
| Q4 24 | $-12.8M | $-4.3M | ||
| Q3 24 | $-15.3M | $-6.6M | ||
| Q2 24 | $-15.1M | $9.9M | ||
| Q1 24 | $-35.5M | $-7.6M |
毛利率NETRYI
| Q4 25 | 73.6% | 15.3% | ||
| Q3 25 | 74.0% | 17.2% | ||
| Q2 25 | 74.9% | 17.9% | ||
| Q1 25 | 75.9% | 18.0% | ||
| Q4 24 | 76.4% | 19.0% | ||
| Q3 24 | 77.7% | 17.9% | ||
| Q2 24 | 77.8% | 18.2% | ||
| Q1 24 | 77.5% | 17.6% |
营业利润率NETRYI
| Q4 25 | -8.0% | -3.4% | ||
| Q3 25 | -6.7% | -0.1% | ||
| Q2 25 | -13.1% | 0.5% | ||
| Q1 25 | -11.1% | 0.2% | ||
| Q4 24 | -7.5% | 0.3% | ||
| Q3 24 | -7.2% | 0.5% | ||
| Q2 24 | -8.7% | 1.9% | ||
| Q1 24 | -14.4% | 0.1% |
净利率NETRYI
| Q4 25 | -2.0% | -3.4% | ||
| Q3 25 | -0.2% | -1.3% | ||
| Q2 25 | -9.8% | 0.2% | ||
| Q1 25 | -8.0% | -0.5% | ||
| Q4 24 | -2.8% | -0.4% | ||
| Q3 24 | -3.6% | -0.6% | ||
| Q2 24 | -3.8% | 0.8% | ||
| Q1 24 | -9.4% | -0.6% |
每股收益（稀释后）NETRYI
| Q4 25 | $-0.03 | $-1.18 | ||
| Q3 25 | $0.00 | $-0.46 | ||
| Q2 25 | $-0.15 | $0.06 | ||
| Q1 25 | $-0.11 | $-0.18 | ||
| Q4 24 | $-0.05 | $-0.13 | ||
| Q3 24 | $-0.04 | $-0.20 | ||
| Q2 24 | $-0.04 | $0.29 | ||
| Q1 24 | $-0.10 | $-0.22 |
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 | $26.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $753.1M |
| 总资产 | $6.0B | $2.4B |
| 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NETRYI
| Q4 25 | $943.5M | $26.9M | ||
| Q3 25 | $1.1B | $29.8M | ||
| Q2 25 | $1.5B | $30.8M | ||
| Q1 25 | $204.5M | $33.6M | ||
| Q4 24 | $147.7M | $27.7M | ||
| Q3 24 | $182.9M | $35.0M | ||
| Q2 24 | $157.0M | $28.0M | ||
| Q1 24 | $254.4M | $41.9M |
股东权益NETRYI
| Q4 25 | $1.5B | $753.1M | ||
| Q3 25 | $1.3B | $787.3M | ||
| Q2 25 | $1.2B | $811.5M | ||
| Q1 25 | $1.4B | $803.9M | ||
| Q4 24 | $1.0B | $815.3M | ||
| Q3 24 | $973.1M | $832.9M | ||
| Q2 24 | $881.5M | $877.9M | ||
| Q1 24 | $797.2M | $888.5M |
总资产NETRYI
| Q4 25 | $6.0B | $2.4B | ||
| Q3 25 | $5.8B | $2.5B | ||
| Q2 25 | $5.6B | $2.5B | ||
| Q1 25 | $3.7B | $2.5B | ||
| Q4 24 | $3.3B | $2.4B | ||
| Q3 24 | $3.1B | $2.5B | ||
| Q2 24 | $2.9B | $2.6B | ||
| Q1 24 | $2.8B | $2.7B |
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 | $112.7M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $91.9M |
| 自由现金流率自由现金流/营收 | 17.1% | 8.3% |
| 资本支出强度资本支出/营收 | 13.9% | 1.9% |
| 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 | $35.5M |
8季度趋势，按日历期对齐
经营现金流NETRYI
| Q4 25 | $190.4M | $112.7M | ||
| Q3 25 | $167.1M | $-8.3M | ||
| Q2 25 | $99.8M | $23.8M | ||
| Q1 25 | $145.8M | $-41.2M | ||
| Q4 24 | $127.3M | $92.2M | ||
| Q3 24 | $104.7M | $134.6M | ||
| Q2 24 | $74.8M | $25.9M | ||
| Q1 24 | $73.6M | $-47.8M |
自由现金流NETRYI
| Q4 25 | $105.2M | $91.9M | ||
| Q3 25 | $82.5M | $-21.1M | ||
| Q2 25 | $39.9M | $13.9M | ||
| Q1 25 | $59.9M | $-49.2M | ||
| Q4 24 | $54.2M | $68.7M | ||
| Q3 24 | $54.5M | $103.0M | ||
| Q2 24 | $45.2M | $3.2M | ||
| Q1 24 | $41.5M | $-69.6M |
自由现金流率NETRYI
| Q4 25 | 17.1% | 8.3% | ||
| Q3 25 | 14.7% | -1.8% | ||
| Q2 25 | 7.8% | 1.2% | ||
| Q1 25 | 12.5% | -4.3% | ||
| Q4 24 | 11.8% | 6.8% | ||
| Q3 24 | 12.7% | 9.1% | ||
| Q2 24 | 11.3% | 0.3% | ||
| Q1 24 | 11.0% | -5.6% |
资本支出强度NETRYI
| Q4 25 | 13.9% | 1.9% | ||
| Q3 25 | 15.1% | 1.1% | ||
| Q2 25 | 11.7% | 0.8% | ||
| Q1 25 | 17.9% | 0.7% | ||
| Q4 24 | 15.9% | 2.3% | ||
| Q3 24 | 11.7% | 2.8% | ||
| Q2 24 | 7.4% | 1.9% | ||
| Q1 24 | 8.5% | 1.8% |
现金转化率NETRYI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 12.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.62× | ||
| 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% |
RYI
| US | $988.3M | 89% |
| Non Us | $116.5M | 11% |
