vs
Cloudflare, Inc.（NET）与Champion Homes, Inc.（SKY）财务数据对比。点击上方公司名可切换其他公司
Champion Homes, Inc.的季度营收约是Cloudflare, Inc.的1.1倍（$656.6M vs $614.5M），Champion Homes, Inc.净利率更高（8.3% vs -2.0%，领先10.2%），Cloudflare, Inc.同比增速更快（33.6% vs 1.8%），Cloudflare, Inc.自由现金流更多（$105.2M vs $92.9M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 10.6%）
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。
Champion Homes, Inc.是移动及模块化住宅制造企业，为北美头部模块化住宅建造商之一，业务覆盖美国及加拿大西部地区，提供工厂预制住宅产品，可满足不同场景的居住需求，凭借工业化生产优势保障住房品质与交付效率。
NET vs SKY — 直观对比
营收规模更大
SKY
是对方的1.1倍
$614.5M
营收增速更快
NET
高出31.8%
1.8%
净利率更高
SKY
高出10.2%
-2.0%
自由现金流更多
NET
多$12.3M
$92.9M
两年增速更快
NET
近两年复合增速
10.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $656.6M |
| 净利润 | $-12.1M | $54.3M |
| 毛利率 | 73.6% | 26.2% |
| 营业利润率 | -8.0% | 9.5% |
| 净利率 | -2.0% | 8.3% |
| 营收同比 | 33.6% | 1.8% |
| 净利润同比 | 6.0% | -11.7% |
| 每股收益（稀释后） | $-0.03 | $0.97 |
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NETSKY
| Q4 25 | $614.5M | $656.6M | ||
| Q3 25 | $562.0M | $684.4M | ||
| Q2 25 | $512.3M | $701.3M | ||
| Q1 25 | $479.1M | $593.9M | ||
| Q4 24 | $459.9M | $644.9M | ||
| Q3 24 | $430.1M | $616.9M | ||
| Q2 24 | $401.0M | $627.8M | ||
| Q1 24 | $378.6M | $536.4M |
净利润NETSKY
| Q4 25 | $-12.1M | $54.3M | ||
| Q3 25 | $-1.3M | $58.2M | ||
| Q2 25 | $-50.4M | $64.7M | ||
| Q1 25 | $-38.5M | $36.3M | ||
| Q4 24 | $-12.8M | $61.5M | ||
| Q3 24 | $-15.3M | $54.7M | ||
| Q2 24 | $-15.1M | $45.8M | ||
| Q1 24 | $-35.5M | $2.8M |
毛利率NETSKY
| Q4 25 | 73.6% | 26.2% | ||
| Q3 25 | 74.0% | 27.5% | ||
| Q2 25 | 74.9% | 27.1% | ||
| Q1 25 | 75.9% | 25.7% | ||
| Q4 24 | 76.4% | 28.1% | ||
| Q3 24 | 77.7% | 27.0% | ||
| Q2 24 | 77.8% | 26.2% | ||
| Q1 24 | 77.5% | 18.3% |
营业利润率NETSKY
| Q4 25 | -8.0% | 9.5% | ||
| Q3 25 | -6.7% | 10.9% | ||
| Q2 25 | -13.1% | 11.2% | ||
| Q1 25 | -11.1% | 7.1% | ||
| Q4 24 | -7.5% | 11.3% | ||
| Q3 24 | -7.2% | 10.8% | ||
| Q2 24 | -8.7% | 8.8% | ||
| Q1 24 | -14.4% | 1.4% |
净利率NETSKY
| Q4 25 | -2.0% | 8.3% | ||
| Q3 25 | -0.2% | 8.5% | ||
| Q2 25 | -9.8% | 9.2% | ||
| Q1 25 | -8.0% | 6.1% | ||
| Q4 24 | -2.8% | 9.5% | ||
| Q3 24 | -3.6% | 8.9% | ||
| Q2 24 | -3.8% | 7.3% | ||
| Q1 24 | -9.4% | 0.5% |
每股收益（稀释后）NETSKY
| Q4 25 | $-0.03 | $0.97 | ||
| Q3 25 | $0.00 | $1.03 | ||
| Q2 25 | $-0.15 | $1.13 | ||
| Q1 25 | $-0.11 | $0.63 | ||
| Q4 24 | $-0.05 | $1.06 | ||
| Q3 24 | $-0.04 | $0.94 | ||
| Q2 24 | $-0.04 | $0.79 | ||
| Q1 24 | $-0.10 | $0.04 |
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 | $659.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.6B |
| 总资产 | $6.0B | $2.1B |
| 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NETSKY
| Q4 25 | $943.5M | $659.8M | ||
| Q3 25 | $1.1B | $618.7M | ||
| Q2 25 | $1.5B | $605.3M | ||
| Q1 25 | $204.5M | $610.3M | ||
| Q4 24 | $147.7M | $581.8M | ||
| Q3 24 | $182.9M | $570.2M | ||
| Q2 24 | $157.0M | $548.9M | ||
| Q1 24 | $254.4M | $495.1M |
股东权益NETSKY
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $973.1M | $1.5B | ||
| Q2 24 | $881.5M | $1.5B | ||
| Q1 24 | $797.2M | $1.4B |
总资产NETSKY
| Q4 25 | $6.0B | $2.1B | ||
| Q3 25 | $5.8B | $2.1B | ||
| Q2 25 | $5.6B | $2.1B | ||
| Q1 25 | $3.7B | $2.1B | ||
| Q4 24 | $3.3B | $2.0B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $2.9B | $2.0B | ||
| Q1 24 | $2.8B | $1.9B |
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 | $100.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $92.9M |
| 自由现金流率自由现金流/营收 | 17.1% | 14.1% |
| 资本支出强度资本支出/营收 | 13.9% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 1.84× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $259.7M |
8季度趋势，按日历期对齐
经营现金流NETSKY
| Q4 25 | $190.4M | $100.0M | ||
| Q3 25 | $167.1M | $75.9M | ||
| Q2 25 | $99.8M | $75.3M | ||
| Q1 25 | $145.8M | $46.0M | ||
| Q4 24 | $127.3M | $50.4M | ||
| Q3 24 | $104.7M | $59.8M | ||
| Q2 24 | $74.8M | $84.6M | ||
| Q1 24 | $73.6M | — |
自由现金流NETSKY
| Q4 25 | $105.2M | $92.9M | ||
| Q3 25 | $82.5M | $67.0M | ||
| Q2 25 | $39.9M | $66.4M | ||
| Q1 25 | $59.9M | $33.4M | ||
| Q4 24 | $54.2M | $37.3M | ||
| Q3 24 | $54.5M | $45.7M | ||
| Q2 24 | $45.2M | $73.9M | ||
| Q1 24 | $41.5M | — |
自由现金流率NETSKY
| Q4 25 | 17.1% | 14.1% | ||
| Q3 25 | 14.7% | 9.8% | ||
| Q2 25 | 7.8% | 9.5% | ||
| Q1 25 | 12.5% | 5.6% | ||
| Q4 24 | 11.8% | 5.8% | ||
| Q3 24 | 12.7% | 7.4% | ||
| Q2 24 | 11.3% | 11.8% | ||
| Q1 24 | 11.0% | — |
资本支出强度NETSKY
| Q4 25 | 13.9% | 1.1% | ||
| Q3 25 | 15.1% | 1.3% | ||
| Q2 25 | 11.7% | 1.3% | ||
| Q1 25 | 17.9% | 2.1% | ||
| Q4 24 | 15.9% | 2.0% | ||
| Q3 24 | 11.7% | 2.3% | ||
| Q2 24 | 7.4% | 1.7% | ||
| Q1 24 | 8.5% | — |
现金转化率NETSKY
| Q4 25 | — | 1.84× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 1.85× | ||
| Q1 24 | — | — |
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% |
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
