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Cloudflare, Inc.（NET）与SKYWEST INC（SKYW）财务数据对比。点击上方公司名可切换其他公司
SKYWEST INC的季度营收约是Cloudflare, Inc.的1.6倍（$1.0B vs $614.5M），SKYWEST INC净利率更高（10.0% vs -2.0%，领先12.0%），Cloudflare, Inc.同比增速更快（33.6% vs 6.8%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 8.1%）
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。
天西航空（SkyWest Inc.）是总部位于美国犹他州圣乔治的控股企业，旗下主营北美支线航空公司天西航空，同时运营飞机租赁业务，是北美区域航空运营领域的重要参与者。
NET vs SKYW — 直观对比
营收规模更大
SKYW
是对方的1.6倍
$614.5M
营收增速更快
NET
高出26.8%
6.8%
净利率更高
SKYW
高出12.0%
-2.0%
两年增速更快
NET
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.0B |
| 净利润 | $-12.1M | $101.7M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 12.2% |
| 净利率 | -2.0% | 10.0% |
| 营收同比 | 33.6% | 6.8% |
| 净利润同比 | 6.0% | 1.1% |
| 每股收益（稀释后） | $-0.03 | $2.50 |
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NETSKYW
| Q1 26 | — | $1.0B | ||
| Q4 25 | $614.5M | $1.0B | ||
| Q3 25 | $562.0M | $1.1B | ||
| Q2 25 | $512.3M | $1.0B | ||
| Q1 25 | $479.1M | $948.5M | ||
| Q4 24 | $459.9M | $944.4M | ||
| Q3 24 | $430.1M | $912.8M | ||
| Q2 24 | $401.0M | $867.1M |
净利润NETSKYW
| Q1 26 | — | $101.7M | ||
| Q4 25 | $-12.1M | $91.2M | ||
| Q3 25 | $-1.3M | $116.4M | ||
| Q2 25 | $-50.4M | $120.3M | ||
| Q1 25 | $-38.5M | $100.6M | ||
| Q4 24 | $-12.8M | $97.4M | ||
| Q3 24 | $-15.3M | $89.7M | ||
| Q2 24 | $-15.1M | $75.6M |
毛利率NETSKYW
| Q1 26 | — | — | ||
| 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% | — |
营业利润率NETSKYW
| Q1 26 | — | 12.2% | ||
| Q4 25 | -8.0% | 13.1% | ||
| Q3 25 | -6.7% | 16.6% | ||
| Q2 25 | -13.1% | 16.4% | ||
| Q1 25 | -11.1% | 14.7% | ||
| Q4 24 | -7.5% | 15.3% | ||
| Q3 24 | -7.2% | 14.4% | ||
| Q2 24 | -8.7% | 13.8% |
净利率NETSKYW
| Q1 26 | — | 10.0% | ||
| Q4 25 | -2.0% | 8.9% | ||
| Q3 25 | -0.2% | 11.1% | ||
| Q2 25 | -9.8% | 11.6% | ||
| Q1 25 | -8.0% | 10.6% | ||
| Q4 24 | -2.8% | 10.3% | ||
| Q3 24 | -3.6% | 9.8% | ||
| Q2 24 | -3.8% | 8.7% |
每股收益（稀释后）NETSKYW
| Q1 26 | — | $2.50 | ||
| Q4 25 | $-0.03 | $2.21 | ||
| Q3 25 | $0.00 | $2.81 | ||
| Q2 25 | $-0.15 | $2.91 | ||
| Q1 25 | $-0.11 | $2.42 | ||
| Q4 24 | $-0.05 | $2.34 | ||
| Q3 24 | $-0.04 | $2.16 | ||
| Q2 24 | $-0.04 | $1.82 |
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 | — |
| 总债务越低越好 | — | $1.8B |
| 股东权益账面价值 | $1.5B | $2.7B |
| 总资产 | $6.0B | $7.3B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资NETSKYW
| Q1 26 | — | — | ||
| Q4 25 | $943.5M | $122.7M | ||
| Q3 25 | $1.1B | $44.5M | ||
| Q2 25 | $1.5B | $48.3M | ||
| Q1 25 | $204.5M | $179.0M | ||
| Q4 24 | $147.7M | $227.4M | ||
| Q3 24 | $182.9M | $177.6M | ||
| Q2 24 | $157.0M | $141.8M |
总债务NETSKYW
| Q1 26 | — | $1.8B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B |
股东权益NETSKYW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.3B | $2.7B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $973.1M | $2.3B | ||
| Q2 24 | $881.5M | $2.2B |
总资产NETSKYW
| Q1 26 | — | $7.3B | ||
| Q4 25 | $6.0B | $7.4B | ||
| Q3 25 | $5.8B | $7.2B | ||
| Q2 25 | $5.6B | $7.2B | ||
| Q1 25 | $3.7B | $7.1B | ||
| Q4 24 | $3.3B | $7.1B | ||
| Q3 24 | $3.1B | $7.0B | ||
| Q2 24 | $2.9B | $7.0B |
负债/权益比NETSKYW
| Q1 26 | — | 0.66× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.17× | ||
| Q2 24 | — | 1.25× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $105.2M | — |
| 自由现金流率自由现金流/营收 | 17.1% | — |
| 资本支出强度资本支出/营收 | 13.9% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流NETSKYW
| Q1 26 | — | — | ||
| Q4 25 | $190.4M | $231.5M | ||
| Q3 25 | $167.1M | $280.8M | ||
| Q2 25 | $99.8M | $257.1M | ||
| Q1 25 | $145.8M | $171.0M | ||
| Q4 24 | $127.3M | $185.9M | ||
| Q3 24 | $104.7M | $183.6M | ||
| Q2 24 | $74.8M | $165.3M |
自由现金流NETSKYW
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $224.3M | ||
| Q3 25 | $82.5M | $269.9M | ||
| Q2 25 | $39.9M | $251.5M | ||
| Q1 25 | $59.9M | $162.6M | ||
| Q4 24 | $54.2M | $162.7M | ||
| Q3 24 | $54.5M | $172.1M | ||
| Q2 24 | $45.2M | $159.4M |
自由现金流率NETSKYW
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 21.9% | ||
| Q3 25 | 14.7% | 25.7% | ||
| Q2 25 | 7.8% | 24.3% | ||
| Q1 25 | 12.5% | 17.1% | ||
| Q4 24 | 11.8% | 17.2% | ||
| Q3 24 | 12.7% | 18.9% | ||
| Q2 24 | 11.3% | 18.4% |
资本支出强度NETSKYW
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 0.7% | ||
| Q3 25 | 15.1% | 1.0% | ||
| Q2 25 | 11.7% | 0.5% | ||
| Q1 25 | 17.9% | 0.9% | ||
| Q4 24 | 15.9% | 2.5% | ||
| Q3 24 | 11.7% | 1.3% | ||
| Q2 24 | 7.4% | 0.7% |
现金转化率NETSKYW
| Q1 26 | — | — | ||
| Q4 25 | — | 2.54× | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | — | 2.19× |
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% |
SKYW
| Flying agreements | $977.9M | 97% |
| Lease, airport services and other | $35.3M | 3% |
