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Cloudflare, Inc.（NET）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是Stitch Fix, Inc.的1.8倍（$614.5M vs $342.1M），Stitch Fix, Inc.净利率更高（-1.9% vs -2.0%，领先0.1%），Cloudflare, Inc.同比增速更快（33.6% vs 7.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $5.6M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 1.8%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
NET vs SFIX — 直观对比
营收规模更大
NET
是对方的1.8倍
$342.1M
营收增速更快
NET
高出26.3%
7.3%
净利率更高
SFIX
高出0.1%
-2.0%
自由现金流更多
NET
多$99.6M
$5.6M
两年增速更快
NET
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $342.1M |
| 净利润 | $-12.1M | $-6.4M |
| 毛利率 | 73.6% | 43.6% |
| 营业利润率 | -8.0% | -2.5% |
| 净利率 | -2.0% | -1.9% |
| 营收同比 | 33.6% | 7.3% |
| 净利润同比 | 6.0% | -1.7% |
| 每股收益（稀释后） | $-0.03 | $-0.05 |
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NETSFIX
| Q4 25 | $614.5M | $342.1M | ||
| Q3 25 | $562.0M | $311.2M | ||
| Q2 25 | $512.3M | $325.0M | ||
| Q1 25 | $479.1M | $312.1M | ||
| Q4 24 | $459.9M | $318.8M | ||
| Q3 24 | $430.1M | $319.6M | ||
| Q2 24 | $401.0M | $322.7M | ||
| Q1 24 | $378.6M | $330.4M |
净利润NETSFIX
| Q4 25 | $-12.1M | $-6.4M | ||
| Q3 25 | $-1.3M | $-8.6M | ||
| Q2 25 | $-50.4M | $-7.4M | ||
| Q1 25 | $-38.5M | $-6.5M | ||
| Q4 24 | $-12.8M | $-6.3M | ||
| Q3 24 | $-15.3M | $-36.5M | ||
| Q2 24 | $-15.1M | $-21.3M | ||
| Q1 24 | $-35.5M | $-35.5M |
毛利率NETSFIX
| Q4 25 | 73.6% | 43.6% | ||
| Q3 25 | 74.0% | 43.6% | ||
| Q2 25 | 74.9% | 44.2% | ||
| Q1 25 | 75.9% | 44.5% | ||
| Q4 24 | 76.4% | 45.4% | ||
| Q3 24 | 77.7% | 44.6% | ||
| Q2 24 | 77.8% | 45.5% | ||
| Q1 24 | 77.5% | 43.4% |
营业利润率NETSFIX
| Q4 25 | -8.0% | -2.5% | ||
| Q3 25 | -6.7% | -3.6% | ||
| Q2 25 | -13.1% | -3.0% | ||
| Q1 25 | -11.1% | -2.9% | ||
| Q4 24 | -7.5% | -2.8% | ||
| Q3 24 | -7.2% | -13.1% | ||
| Q2 24 | -8.7% | -7.7% | ||
| Q1 24 | -14.4% | -11.5% |
净利率NETSFIX
| Q4 25 | -2.0% | -1.9% | ||
| Q3 25 | -0.2% | -2.8% | ||
| Q2 25 | -9.8% | -2.3% | ||
| Q1 25 | -8.0% | -2.1% | ||
| Q4 24 | -2.8% | -2.0% | ||
| Q3 24 | -3.6% | -11.4% | ||
| Q2 24 | -3.8% | -6.6% | ||
| Q1 24 | -9.4% | -10.8% |
每股收益（稀释后）NETSFIX
| Q4 25 | $-0.03 | $-0.05 | ||
| Q3 25 | $0.00 | $-0.06 | ||
| Q2 25 | $-0.15 | $-0.06 | ||
| Q1 25 | $-0.11 | $-0.05 | ||
| Q4 24 | $-0.05 | $-0.05 | ||
| Q3 24 | $-0.04 | $-0.29 | ||
| Q2 24 | $-0.04 | $-0.18 | ||
| Q1 24 | $-0.10 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $204.1M |
| 总资产 | $6.0B | $530.7M |
| 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NETSFIX
| Q4 25 | $943.5M | $244.2M | ||
| Q3 25 | $1.1B | $234.9M | ||
| Q2 25 | $1.5B | $234.2M | ||
| Q1 25 | $204.5M | $219.1M | ||
| Q4 24 | $147.7M | $253.3M | ||
| Q3 24 | $182.9M | $247.0M | ||
| Q2 24 | $157.0M | $244.5M | ||
| Q1 24 | $254.4M | $229.8M |
股东权益NETSFIX
| Q4 25 | $1.5B | $204.1M | ||
| Q3 25 | $1.3B | $203.0M | ||
| Q2 25 | $1.2B | $200.4M | ||
| Q1 25 | $1.4B | $197.8M | ||
| Q4 24 | $1.0B | $190.5M | ||
| Q3 24 | $973.1M | $187.0M | ||
| Q2 24 | $881.5M | $208.9M | ||
| Q1 24 | $797.2M | $213.3M |
总资产NETSFIX
| Q4 25 | $6.0B | $530.7M | ||
| Q3 25 | $5.8B | $480.6M | ||
| Q2 25 | $5.6B | $484.7M | ||
| Q1 25 | $3.7B | $472.6M | ||
| Q4 24 | $3.3B | $507.1M | ||
| Q3 24 | $3.1B | $486.9M | ||
| Q2 24 | $2.9B | $537.0M | ||
| Q1 24 | $2.8B | $538.3M |
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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $5.6M |
| 自由现金流率自由现金流/营收 | 17.1% | 1.6% |
| 资本支出强度资本支出/营收 | 13.9% | 1.6% |
| 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 | $4.9M |
8季度趋势，按日历期对齐
经营现金流NETSFIX
| Q4 25 | $190.4M | $10.9M | ||
| Q3 25 | $167.1M | $7.0M | ||
| Q2 25 | $99.8M | $20.5M | ||
| Q1 25 | $145.8M | $-16.2M | ||
| Q4 24 | $127.3M | $14.3M | ||
| Q3 24 | $104.7M | $8.2M | ||
| Q2 24 | $74.8M | $21.7M | ||
| Q1 24 | $73.6M | $-22.3M |
自由现金流NETSFIX
| Q4 25 | $105.2M | $5.6M | ||
| Q3 25 | $82.5M | $2.8M | ||
| Q2 25 | $39.9M | $16.0M | ||
| Q1 25 | $59.9M | $-19.4M | ||
| Q4 24 | $54.2M | $9.9M | ||
| Q3 24 | $54.5M | $4.5M | ||
| Q2 24 | $45.2M | $18.9M | ||
| Q1 24 | $41.5M | $-26.1M |
自由现金流率NETSFIX
| Q4 25 | 17.1% | 1.6% | ||
| Q3 25 | 14.7% | 0.9% | ||
| Q2 25 | 7.8% | 4.9% | ||
| Q1 25 | 12.5% | -6.2% | ||
| Q4 24 | 11.8% | 3.1% | ||
| Q3 24 | 12.7% | 1.4% | ||
| Q2 24 | 11.3% | 5.9% | ||
| Q1 24 | 11.0% | -7.9% |
资本支出强度NETSFIX
| Q4 25 | 13.9% | 1.6% | ||
| Q3 25 | 15.1% | 1.4% | ||
| Q2 25 | 11.7% | 1.4% | ||
| Q1 25 | 17.9% | 1.0% | ||
| Q4 24 | 15.9% | 1.4% | ||
| Q3 24 | 11.7% | 1.2% | ||
| Q2 24 | 7.4% | 0.9% | ||
| Q1 24 | 8.5% | 1.1% |
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% |
SFIX
暂无分部数据
