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Cloudflare, Inc.（NET）与STIFEL FINANCIAL CORP（SF）财务数据对比。点击上方公司名可切换其他公司
STIFEL FINANCIAL CORP的季度营收约是Cloudflare, Inc.的1.8倍（$1.1B vs $614.5M），STIFEL FINANCIAL CORP净利率更高（23.5% vs -2.0%，领先25.4%），Cloudflare, Inc.同比增速更快（33.6% vs 23.0%），STIFEL FINANCIAL CORP自由现金流更多（$369.0M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 21.1%）
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。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
NET vs SF — 直观对比
营收规模更大
SF
是对方的1.8倍
$614.5M
营收增速更快
NET
高出10.6%
23.0%
净利率更高
SF
高出25.4%
-2.0%
自由现金流更多
SF
多$263.7M
$105.2M
两年增速更快
NET
近两年复合增速
21.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.1B |
| 净利润 | $-12.1M | $264.4M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 27.3% |
| 净利率 | -2.0% | 23.5% |
| 营收同比 | 33.6% | 23.0% |
| 净利润同比 | 6.0% | 8.3% |
| 每股收益（稀释后） | $-0.03 | $2.30 |
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NETSF
| Q4 25 | $614.5M | $1.1B | ||
| Q3 25 | $562.0M | $962.6M | ||
| Q2 25 | $512.3M | $838.9M | ||
| Q1 25 | $479.1M | $842.5M | ||
| Q4 24 | $459.9M | $916.0M | ||
| Q3 24 | $430.1M | $810.9M | ||
| Q2 24 | $401.0M | $798.9M | ||
| Q1 24 | $378.6M | $768.1M |
净利润NETSF
| Q4 25 | $-12.1M | $264.4M | ||
| Q3 25 | $-1.3M | $211.4M | ||
| Q2 25 | $-50.4M | $155.1M | ||
| Q1 25 | $-38.5M | $53.0M | ||
| Q4 24 | $-12.8M | $244.0M | ||
| Q3 24 | $-15.3M | $158.5M | ||
| Q2 24 | $-15.1M | $165.3M | ||
| Q1 24 | $-35.5M | $163.6M |
毛利率NETSF
| 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NETSF
| Q4 25 | -8.0% | 27.3% | ||
| Q3 25 | -6.7% | 29.7% | ||
| Q2 25 | -13.1% | 25.5% | ||
| Q1 25 | -11.1% | 7.5% | ||
| Q4 24 | -7.5% | 29.1% | ||
| Q3 24 | -7.2% | 26.7% | ||
| Q2 24 | -8.7% | 28.4% | ||
| Q1 24 | -14.4% | 28.5% |
净利率NETSF
| Q4 25 | -2.0% | 23.5% | ||
| Q3 25 | -0.2% | 22.0% | ||
| Q2 25 | -9.8% | 18.5% | ||
| Q1 25 | -8.0% | 6.3% | ||
| Q4 24 | -2.8% | 26.6% | ||
| Q3 24 | -3.6% | 19.5% | ||
| Q2 24 | -3.8% | 20.7% | ||
| Q1 24 | -9.4% | 21.3% |
每股收益（稀释后）NETSF
| Q4 25 | $-0.03 | $2.30 | ||
| Q3 25 | $0.00 | $1.84 | ||
| Q2 25 | $-0.15 | $1.34 | ||
| Q1 25 | $-0.11 | $0.39 | ||
| Q4 24 | $-0.05 | $2.10 | ||
| Q3 24 | $-0.04 | $1.34 | ||
| Q2 24 | $-0.04 | $1.41 | ||
| Q1 24 | $-0.10 | $1.40 |
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 | $2.3B |
| 总债务越低越好 | — | $617.4M |
| 股东权益账面价值 | $1.5B | $6.0B |
| 总资产 | $6.0B | $41.3B |
| 负债/权益比越低杠杆越低 | — | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资NETSF
| Q4 25 | $943.5M | $2.3B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $204.5M | $2.7B | ||
| Q4 24 | $147.7M | $2.6B | ||
| Q3 24 | $182.9M | $1.9B | ||
| Q2 24 | $157.0M | $2.6B | ||
| Q1 24 | $254.4M | $3.4B |
总债务NETSF
| Q4 25 | — | $617.4M | ||
| Q3 25 | — | $617.2M | ||
| Q2 25 | — | $617.0M | ||
| Q1 25 | — | $616.8M | ||
| Q4 24 | — | $616.6M | ||
| Q3 24 | — | $616.4M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
股东权益NETSF
| Q4 25 | $1.5B | $6.0B | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.2B | $5.6B | ||
| Q1 25 | $1.4B | $5.5B | ||
| Q4 24 | $1.0B | $5.7B | ||
| Q3 24 | $973.1M | $5.6B | ||
| Q2 24 | $881.5M | $5.4B | ||
| Q1 24 | $797.2M | $5.3B |
总资产NETSF
| Q4 25 | $6.0B | $41.3B | ||
| Q3 25 | $5.8B | $41.7B | ||
| Q2 25 | $5.6B | $39.9B | ||
| Q1 25 | $3.7B | $40.4B | ||
| Q4 24 | $3.3B | $39.9B | ||
| Q3 24 | $3.1B | $38.9B | ||
| Q2 24 | $2.9B | $37.8B | ||
| Q1 24 | $2.8B | $38.3B |
负债/权益比NETSF
| Q4 25 | — | 0.10× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $382.4M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $369.0M |
| 自由现金流率自由现金流/营收 | 17.1% | 32.7% |
| 资本支出强度资本支出/营收 | 13.9% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.45× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $1.1B |
8季度趋势，按日历期对齐
经营现金流NETSF
| Q4 25 | $190.4M | $382.4M | ||
| Q3 25 | $167.1M | $338.3M | ||
| Q2 25 | $99.8M | $607.5M | ||
| Q1 25 | $145.8M | $-211.2M | ||
| Q4 24 | $127.3M | $694.6M | ||
| Q3 24 | $104.7M | $198.3M | ||
| Q2 24 | $74.8M | $207.2M | ||
| Q1 24 | $73.6M | $-609.7M |
自由现金流NETSF
| Q4 25 | $105.2M | $369.0M | ||
| Q3 25 | $82.5M | $321.1M | ||
| Q2 25 | $39.9M | $592.7M | ||
| Q1 25 | $59.9M | $-227.8M | ||
| Q4 24 | $54.2M | $677.2M | ||
| Q3 24 | $54.5M | $185.6M | ||
| Q2 24 | $45.2M | $173.3M | ||
| Q1 24 | $41.5M | $-619.4M |
自由现金流率NETSF
| Q4 25 | 17.1% | 32.7% | ||
| Q3 25 | 14.7% | 33.4% | ||
| Q2 25 | 7.8% | 70.6% | ||
| Q1 25 | 12.5% | -27.0% | ||
| Q4 24 | 11.8% | 73.9% | ||
| Q3 24 | 12.7% | 22.9% | ||
| Q2 24 | 11.3% | 21.7% | ||
| Q1 24 | 11.0% | -80.6% |
资本支出强度NETSF
| Q4 25 | 13.9% | 1.2% | ||
| Q3 25 | 15.1% | 1.8% | ||
| Q2 25 | 11.7% | 1.8% | ||
| Q1 25 | 17.9% | 2.0% | ||
| Q4 24 | 15.9% | 1.9% | ||
| Q3 24 | 11.7% | 1.6% | ||
| Q2 24 | 7.4% | 4.2% | ||
| Q1 24 | 8.5% | 1.3% |
现金转化率NETSF
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | -3.99× | ||
| Q4 24 | — | 2.85× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | 1.25× | ||
| Q1 24 | — | -3.73× |
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% |
SF
暂无分部数据
