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Cloudflare, Inc.（NET）与Shake Shack Inc.（SHAK）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Shake Shack Inc.的1.5倍（$614.5M vs $400.5M），Shake Shack Inc.净利率更高（3.0% vs -2.0%，领先4.9%），Cloudflare, Inc.同比增速更快（33.6% vs 21.9%），Cloudflare, Inc.自由现金流更多（$105.2M vs $4.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 17.4%）
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。
Shake Shack是源自美国纽约的跨国休闲快餐连锁品牌，2001年以麦迪逊广场公园内的热狗餐车起家，人气逐步攀升。2004年品牌获得许可在公园内开设永久门店，菜单也从最初的纽约风味热狗，拓展至汉堡、薯条以及同名奶昔等多款餐品。
NET vs SHAK — 直观对比
营收规模更大
NET
是对方的1.5倍
$400.5M
营收增速更快
NET
高出11.7%
21.9%
净利率更高
SHAK
高出4.9%
-2.0%
自由现金流更多
NET
多$101.2M
$4.0M
两年增速更快
NET
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $400.5M |
| 净利润 | $-12.1M | $11.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 4.7% |
| 净利率 | -2.0% | 3.0% |
| 营收同比 | 33.6% | 21.9% |
| 净利润同比 | 6.0% | 35.8% |
| 每股收益（稀释后） | $-0.03 | $0.28 |
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NETSHAK
| Q4 25 | $614.5M | $400.5M | ||
| Q3 25 | $562.0M | $367.4M | ||
| Q2 25 | $512.3M | $356.5M | ||
| Q1 25 | $479.1M | $320.9M | ||
| Q4 24 | $459.9M | $328.7M | ||
| Q3 24 | $430.1M | $316.9M | ||
| Q2 24 | $401.0M | $316.5M | ||
| Q1 24 | $378.6M | $290.5M |
净利润NETSHAK
| Q4 25 | $-12.1M | $11.8M | ||
| Q3 25 | $-1.3M | $12.5M | ||
| Q2 25 | $-50.4M | $17.1M | ||
| Q1 25 | $-38.5M | $4.2M | ||
| Q4 24 | $-12.8M | $8.7M | ||
| Q3 24 | $-15.3M | $-10.2M | ||
| Q2 24 | $-15.1M | $9.7M | ||
| Q1 24 | $-35.5M | $2.0M |
毛利率NETSHAK
| 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NETSHAK
| Q4 25 | -8.0% | 4.7% | ||
| Q3 25 | -6.7% | 5.0% | ||
| Q2 25 | -13.1% | 6.3% | ||
| Q1 25 | -11.1% | 0.9% | ||
| Q4 24 | -7.5% | 3.1% | ||
| Q3 24 | -7.2% | -5.7% | ||
| Q2 24 | -8.7% | 3.4% | ||
| Q1 24 | -14.4% | 0.0% |
净利率NETSHAK
| Q4 25 | -2.0% | 3.0% | ||
| Q3 25 | -0.2% | 3.4% | ||
| Q2 25 | -9.8% | 4.8% | ||
| Q1 25 | -8.0% | 1.3% | ||
| Q4 24 | -2.8% | 2.6% | ||
| Q3 24 | -3.6% | -3.2% | ||
| Q2 24 | -3.8% | 3.1% | ||
| Q1 24 | -9.4% | 0.7% |
每股收益（稀释后）NETSHAK
| Q4 25 | $-0.03 | $0.28 | ||
| Q3 25 | $0.00 | $0.30 | ||
| Q2 25 | $-0.15 | $0.41 | ||
| Q1 25 | $-0.11 | $0.10 | ||
| Q4 24 | $-0.05 | $0.22 | ||
| Q3 24 | $-0.04 | $-0.26 | ||
| Q2 24 | $-0.04 | $0.23 | ||
| Q1 24 | $-0.10 | $0.05 |
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 | $360.1M |
| 总债务越低越好 | — | $247.7M |
| 股东权益账面价值 | $1.5B | $525.3M |
| 总资产 | $6.0B | $1.9B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资NETSHAK
| Q4 25 | $943.5M | $360.1M | ||
| Q3 25 | $1.1B | $357.8M | ||
| Q2 25 | $1.5B | $336.8M | ||
| Q1 25 | $204.5M | $312.9M | ||
| Q4 24 | $147.7M | $320.7M | ||
| Q3 24 | $182.9M | $310.9M | ||
| Q2 24 | $157.0M | $304.4M | ||
| Q1 24 | $254.4M | $284.8M |
总债务NETSHAK
| Q4 25 | — | $247.7M | ||
| Q3 25 | — | $247.5M | ||
| Q2 25 | — | $247.2M | ||
| Q1 25 | — | $246.9M | ||
| Q4 24 | — | $246.7M | ||
| Q3 24 | — | $246.4M | ||
| Q2 24 | — | $246.2M | ||
| Q1 24 | — | $245.9M |
股东权益NETSHAK
| Q4 25 | $1.5B | $525.3M | ||
| Q3 25 | $1.3B | $509.0M | ||
| Q2 25 | $1.2B | $494.1M | ||
| Q1 25 | $1.4B | $473.3M | ||
| Q4 24 | $1.0B | $470.0M | ||
| Q3 24 | $973.1M | $456.1M | ||
| Q2 24 | $881.5M | $462.4M | ||
| Q1 24 | $797.2M | $446.4M |
总资产NETSHAK
| Q4 25 | $6.0B | $1.9B | ||
| Q3 25 | $5.8B | $1.8B | ||
| Q2 25 | $5.6B | $1.8B | ||
| Q1 25 | $3.7B | $1.7B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $2.9B | $1.7B | ||
| Q1 24 | $2.8B | $1.6B |
负债/权益比NETSHAK
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.55× |
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 | $63.1M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $4.0M |
| 自由现金流率自由现金流/营收 | 17.1% | 1.0% |
| 资本支出强度资本支出/营收 | 13.9% | 14.8% |
| 现金转化率经营现金流/净利润 | — | 5.34× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $56.5M |
8季度趋势，按日历期对齐
经营现金流NETSHAK
| Q4 25 | $190.4M | $63.1M | ||
| Q3 25 | $167.1M | $63.0M | ||
| Q2 25 | $99.8M | $65.0M | ||
| Q1 25 | $145.8M | $31.2M | ||
| Q4 24 | $127.3M | $45.1M | ||
| Q3 24 | $104.7M | $41.9M | ||
| Q2 24 | $74.8M | $53.5M | ||
| Q1 24 | $73.6M | $30.7M |
自由现金流NETSHAK
| Q4 25 | $105.2M | $4.0M | ||
| Q3 25 | $82.5M | $23.7M | ||
| Q2 25 | $39.9M | $26.9M | ||
| Q1 25 | $59.9M | $1.9M | ||
| Q4 24 | $54.2M | $10.4M | ||
| Q3 24 | $54.5M | $7.1M | ||
| Q2 24 | $45.2M | $20.6M | ||
| Q1 24 | $41.5M | $-2.4M |
自由现金流率NETSHAK
| Q4 25 | 17.1% | 1.0% | ||
| Q3 25 | 14.7% | 6.5% | ||
| Q2 25 | 7.8% | 7.5% | ||
| Q1 25 | 12.5% | 0.6% | ||
| Q4 24 | 11.8% | 3.2% | ||
| Q3 24 | 12.7% | 2.2% | ||
| Q2 24 | 11.3% | 6.5% | ||
| Q1 24 | 11.0% | -0.8% |
资本支出强度NETSHAK
| Q4 25 | 13.9% | 14.8% | ||
| Q3 25 | 15.1% | 10.7% | ||
| Q2 25 | 11.7% | 10.7% | ||
| Q1 25 | 17.9% | 9.1% | ||
| Q4 24 | 15.9% | 10.6% | ||
| Q3 24 | 11.7% | 11.0% | ||
| Q2 24 | 7.4% | 10.4% | ||
| Q1 24 | 8.5% | 11.4% |
现金转化率NETSHAK
| Q4 25 | — | 5.34× | ||
| Q3 25 | — | 5.04× | ||
| Q2 25 | — | 3.79× | ||
| Q1 25 | — | 7.36× | ||
| Q4 24 | — | 5.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.54× | ||
| Q1 24 | — | 15.03× |
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% |
SHAK
暂无分部数据
