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Cloudflare, Inc.（NET）与Skyward Specialty Insurance Group, Inc.（SKWD）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Skyward Specialty Insurance Group, Inc.的1.6倍（$614.5M vs $385.6M），Skyward Specialty Insurance Group, Inc.净利率更高（11.2% vs -2.0%，领先13.2%），Cloudflare, Inc.同比增速更快（33.6% vs 26.7%），Skyward Specialty Insurance Group, Inc.自由现金流更多（$402.6M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 20.6%）
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。
Skyward Specialty Insurance Group是一家专业财产和意外伤害保险提供商，推出商业车险、一般责任险、职业赔偿险、特种财产险等定制化保障方案，主要服务美国各地的中小企业及细分行业客户，专注承保服务不足群体的复杂高难度风险。
NET vs SKWD — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $385.6M |
| 净利润 | $-12.1M | $43.2M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 14.2% |
| 净利率 | -2.0% | 11.2% |
| 营收同比 | 33.6% | 26.7% |
| 净利润同比 | 6.0% | 200.1% |
| 每股收益（稀释后） | $-0.03 | $1.03 |
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
| Q4 25 | $614.5M | $385.6M | ||
| Q3 25 | $562.0M | $382.5M | ||
| Q2 25 | $512.3M | $319.9M | ||
| Q1 25 | $479.1M | $328.5M | ||
| Q4 24 | $459.9M | $304.4M | ||
| Q3 24 | $430.1M | $300.9M | ||
| Q2 24 | $401.0M | $279.9M | ||
| Q1 24 | $378.6M | $265.0M |
| Q4 25 | $-12.1M | $43.2M | ||
| Q3 25 | $-1.3M | $45.9M | ||
| Q2 25 | $-50.4M | $38.8M | ||
| Q1 25 | $-38.5M | $42.1M | ||
| Q4 24 | $-12.8M | $14.4M | ||
| Q3 24 | $-15.3M | $36.7M | ||
| Q2 24 | $-15.1M | $31.0M | ||
| Q1 24 | $-35.5M | $36.8M |
| 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% | — |
| Q4 25 | -8.0% | 14.2% | ||
| Q3 25 | -6.7% | 15.8% | ||
| Q2 25 | -13.1% | 15.6% | ||
| Q1 25 | -11.1% | 15.7% | ||
| Q4 24 | -7.5% | 6.1% | ||
| Q3 24 | -7.2% | 15.6% | ||
| Q2 24 | -8.7% | 14.4% | ||
| Q1 24 | -14.4% | 17.7% |
| Q4 25 | -2.0% | 11.2% | ||
| Q3 25 | -0.2% | 12.0% | ||
| Q2 25 | -9.8% | 12.1% | ||
| Q1 25 | -8.0% | 12.8% | ||
| Q4 24 | -2.8% | 4.7% | ||
| Q3 24 | -3.6% | 12.2% | ||
| Q2 24 | -3.8% | 11.1% | ||
| Q1 24 | -9.4% | 13.9% |
| Q4 25 | $-0.03 | $1.03 | ||
| Q3 25 | $0.00 | $1.10 | ||
| Q2 25 | $-0.15 | $0.93 | ||
| Q1 25 | $-0.11 | $1.01 | ||
| Q4 24 | $-0.05 | $0.33 | ||
| Q3 24 | $-0.04 | $0.89 | ||
| Q2 24 | $-0.04 | $0.75 | ||
| Q1 24 | $-0.10 | $0.90 |
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 | $168.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.0B |
| 总资产 | $6.0B | $4.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $943.5M | $168.5M | ||
| Q3 25 | $1.1B | $160.1M | ||
| Q2 25 | $1.5B | $136.6M | ||
| Q1 25 | $204.5M | $112.9M | ||
| Q4 24 | $147.7M | $121.6M | ||
| Q3 24 | $182.9M | $105.6M | ||
| Q2 24 | $157.0M | $73.0M | ||
| Q1 24 | $254.4M | $85.1M |
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.3B | $961.4M | ||
| Q2 25 | $1.2B | $899.9M | ||
| Q1 25 | $1.4B | $850.7M | ||
| Q4 24 | $1.0B | $794.0M | ||
| Q3 24 | $973.1M | $797.5M | ||
| Q2 24 | $881.5M | $723.6M | ||
| Q1 24 | $797.2M | $692.3M |
| Q4 25 | $6.0B | $4.8B | ||
| Q3 25 | $5.8B | $4.6B | ||
| Q2 25 | $5.6B | $4.3B | ||
| Q1 25 | $3.7B | $4.0B | ||
| Q4 24 | $3.3B | $3.7B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $2.9B | $3.4B | ||
| Q1 24 | $2.8B | $3.2B |
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 | $408.1M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $402.6M |
| 自由现金流率自由现金流/营收 | 17.1% | 104.4% |
| 资本支出强度资本支出/营收 | 13.9% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 9.44× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $755.2M |
8季度趋势，按日历期对齐
| Q4 25 | $190.4M | $408.1M | ||
| Q3 25 | $167.1M | $171.4M | ||
| Q2 25 | $99.8M | $88.2M | ||
| Q1 25 | $145.8M | $96.8M | ||
| Q4 24 | $127.3M | $305.1M | ||
| Q3 24 | $104.7M | $168.0M | ||
| Q2 24 | $74.8M | $21.0M | ||
| Q1 24 | $73.6M | $94.3M |
| Q4 25 | $105.2M | $402.6M | ||
| Q3 25 | $82.5M | $168.9M | ||
| Q2 25 | $39.9M | $87.1M | ||
| Q1 25 | $59.9M | $96.6M | ||
| Q4 24 | $54.2M | $300.9M | ||
| Q3 24 | $54.5M | $167.6M | ||
| Q2 24 | $45.2M | $18.4M | ||
| Q1 24 | $41.5M | $94.0M |
| Q4 25 | 17.1% | 104.4% | ||
| Q3 25 | 14.7% | 44.2% | ||
| Q2 25 | 7.8% | 27.2% | ||
| Q1 25 | 12.5% | 29.4% | ||
| Q4 24 | 11.8% | 98.8% | ||
| Q3 24 | 12.7% | 55.7% | ||
| Q2 24 | 11.3% | 6.6% | ||
| Q1 24 | 11.0% | 35.5% |
| Q4 25 | 13.9% | 1.4% | ||
| Q3 25 | 15.1% | 0.6% | ||
| Q2 25 | 11.7% | 0.3% | ||
| Q1 25 | 17.9% | 0.1% | ||
| Q4 24 | 15.9% | 1.4% | ||
| Q3 24 | 11.7% | 0.1% | ||
| Q2 24 | 7.4% | 0.9% | ||
| Q1 24 | 8.5% | 0.1% |
| Q4 25 | — | 9.44× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | — | 4.58× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 2.56× |
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% |
SKWD
暂无分部数据
