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Cloudflare, Inc.（NET）与SAIA INC（SAIA）财务数据对比。点击上方公司名可切换其他公司
SAIA INC的季度营收约是Cloudflare, Inc.的1.3倍（$790.0M vs $614.5M），SAIA INC净利率更高（6.0% vs -2.0%，领先8.0%），Cloudflare, Inc.同比增速更快（33.6% vs 0.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $37.5M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 2.3%）
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。
Saia是美国知名零担货运企业，1924年创立于路易斯安那州霍马。成立最初五十年仅在路易斯安那州和得克萨斯州运营，1980年后逐步向美国南部多州扩张，后续通过同业并购将服务覆盖至36个州，目前位列美国零担承运商前十，年营收超18亿美元。
NET vs SAIA — 直观对比
营收规模更大
SAIA
是对方的1.3倍
$614.5M
营收增速更快
NET
高出33.5%
0.1%
净利率更高
SAIA
高出8.0%
-2.0%
自由现金流更多
NET
多$67.7M
$37.5M
两年增速更快
NET
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $790.0M |
| 净利润 | $-12.1M | $47.5M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 8.1% |
| 净利率 | -2.0% | 6.0% |
| 营收同比 | 33.6% | 0.1% |
| 净利润同比 | 6.0% | -37.6% |
| 每股收益（稀释后） | $-0.03 | $1.77 |
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NETSAIA
| Q4 25 | $614.5M | $790.0M | ||
| Q3 25 | $562.0M | $839.6M | ||
| Q2 25 | $512.3M | $817.1M | ||
| Q1 25 | $479.1M | $787.6M | ||
| Q4 24 | $459.9M | $789.0M | ||
| Q3 24 | $430.1M | $842.1M | ||
| Q2 24 | $401.0M | $823.2M | ||
| Q1 24 | $378.6M | $754.8M |
净利润NETSAIA
| Q4 25 | $-12.1M | $47.5M | ||
| Q3 25 | $-1.3M | $86.3M | ||
| Q2 25 | $-50.4M | $71.4M | ||
| Q1 25 | $-38.5M | $49.8M | ||
| Q4 24 | $-12.8M | $76.1M | ||
| Q3 24 | $-15.3M | $92.7M | ||
| Q2 24 | $-15.1M | $102.5M | ||
| Q1 24 | $-35.5M | $90.7M |
毛利率NETSAIA
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | — | ||
| Q2 25 | 74.9% | — | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | — | ||
| Q2 24 | 77.8% | — | ||
| Q1 24 | 77.5% | — |
营业利润率NETSAIA
| Q4 25 | -8.0% | 8.1% | ||
| Q3 25 | -6.7% | 14.1% | ||
| Q2 25 | -13.1% | 12.2% | ||
| Q1 25 | -11.1% | 8.9% | ||
| Q4 24 | -7.5% | 12.9% | ||
| Q3 24 | -7.2% | 14.9% | ||
| Q2 24 | -8.7% | 16.7% | ||
| Q1 24 | -14.4% | 15.6% |
净利率NETSAIA
| Q4 25 | -2.0% | 6.0% | ||
| Q3 25 | -0.2% | 10.3% | ||
| Q2 25 | -9.8% | 8.7% | ||
| Q1 25 | -8.0% | 6.3% | ||
| Q4 24 | -2.8% | 9.6% | ||
| Q3 24 | -3.6% | 11.0% | ||
| Q2 24 | -3.8% | 12.5% | ||
| Q1 24 | -9.4% | 12.0% |
每股收益（稀释后）NETSAIA
| Q4 25 | $-0.03 | $1.77 | ||
| Q3 25 | $0.00 | $3.22 | ||
| Q2 25 | $-0.15 | $2.67 | ||
| Q1 25 | $-0.11 | $1.86 | ||
| Q4 24 | $-0.05 | $2.84 | ||
| Q3 24 | $-0.04 | $3.46 | ||
| Q2 24 | $-0.04 | $3.83 | ||
| Q1 24 | $-0.10 | $3.38 |
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 | $19.7M |
| 总债务越低越好 | — | $163.0M |
| 股东权益账面价值 | $1.5B | $2.6B |
| 总资产 | $6.0B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资NETSAIA
| Q4 25 | $943.5M | $19.7M | ||
| Q3 25 | $1.1B | $35.5M | ||
| Q2 25 | $1.5B | $18.8M | ||
| Q1 25 | $204.5M | $16.5M | ||
| Q4 24 | $147.7M | $19.5M | ||
| Q3 24 | $182.9M | $14.4M | ||
| Q2 24 | $157.0M | $11.2M | ||
| Q1 24 | $254.4M | $12.3M |
总债务NETSAIA
| Q4 25 | — | $163.0M | ||
| Q3 25 | — | $218.0M | ||
| Q2 25 | — | $307.1M | ||
| Q1 25 | — | $291.8M | ||
| Q4 24 | — | $195.0M | ||
| Q3 24 | — | $184.2M | ||
| Q2 24 | — | $169.1M | ||
| Q1 24 | — | $76.6M |
股东权益NETSAIA
| Q4 25 | $1.5B | $2.6B | ||
| Q3 25 | $1.3B | $2.5B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $973.1M | $2.2B | ||
| Q2 24 | $881.5M | $2.1B | ||
| Q1 24 | $797.2M | $2.0B |
总资产NETSAIA
| Q4 25 | $6.0B | $3.5B | ||
| Q3 25 | $5.8B | $3.5B | ||
| Q2 25 | $5.6B | $3.5B | ||
| Q1 25 | $3.7B | $3.4B | ||
| Q4 24 | $3.3B | $3.2B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $2.9B | $3.0B | ||
| Q1 24 | $2.8B | $2.8B |
负债/权益比NETSAIA
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.09× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.04× |
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 | $137.3M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $37.5M |
| 自由现金流率自由现金流/营收 | 17.1% | 4.7% |
| 资本支出强度资本支出/营收 | 13.9% | 12.6% |
| 现金转化率经营现金流/净利润 | — | 2.89× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $27.3M |
8季度趋势，按日历期对齐
经营现金流NETSAIA
| Q4 25 | $190.4M | $137.3M | ||
| Q3 25 | $167.1M | $177.8M | ||
| Q2 25 | $99.8M | $170.7M | ||
| Q1 25 | $145.8M | $109.1M | ||
| Q4 24 | $127.3M | $164.7M | ||
| Q3 24 | $104.7M | $181.7M | ||
| Q2 24 | $74.8M | $130.8M | ||
| Q1 24 | $73.6M | $106.5M |
自由现金流NETSAIA
| Q4 25 | $105.2M | $37.5M | ||
| Q3 25 | $82.5M | $87.6M | ||
| Q2 25 | $39.9M | $-3.9M | ||
| Q1 25 | $59.9M | $-93.8M | ||
| Q4 24 | $54.2M | $-3.5M | ||
| Q3 24 | $54.5M | $-11.7M | ||
| Q2 24 | $45.2M | $-94.0M | ||
| Q1 24 | $41.5M | $-350.7M |
自由现金流率NETSAIA
| Q4 25 | 17.1% | 4.7% | ||
| Q3 25 | 14.7% | 10.4% | ||
| Q2 25 | 7.8% | -0.5% | ||
| Q1 25 | 12.5% | -11.9% | ||
| Q4 24 | 11.8% | -0.4% | ||
| Q3 24 | 12.7% | -1.4% | ||
| Q2 24 | 11.3% | -11.4% | ||
| Q1 24 | 11.0% | -46.5% |
资本支出强度NETSAIA
| Q4 25 | 13.9% | 12.6% | ||
| Q3 25 | 15.1% | 10.8% | ||
| Q2 25 | 11.7% | 21.4% | ||
| Q1 25 | 17.9% | 25.8% | ||
| Q4 24 | 15.9% | 21.3% | ||
| Q3 24 | 11.7% | 23.0% | ||
| Q2 24 | 7.4% | 27.3% | ||
| Q1 24 | 8.5% | 60.6% |
现金转化率NETSAIA
| Q4 25 | — | 2.89× | ||
| Q3 25 | — | 2.06× | ||
| Q2 25 | — | 2.39× | ||
| Q1 25 | — | 2.19× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 1.96× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.17× |
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% |
SAIA
暂无分部数据
