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Cloudflare, Inc.（NET）与Sylvamo Corp（SLVM）财务数据对比。点击上方公司名可切换其他公司
Sylvamo Corp的季度营收约是Cloudflare, Inc.的1.4倍（$890.0M vs $614.5M），Sylvamo Corp净利率更高（3.7% vs -2.0%，领先5.7%），Cloudflare, Inc.同比增速更快（33.6% vs -8.2%），Cloudflare, Inc.自由现金流更多（$105.2M vs $38.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -0.8%）
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。
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
NET vs SLVM — 直观对比
营收规模更大
SLVM
是对方的1.4倍
$614.5M
营收增速更快
NET
高出41.9%
-8.2%
净利率更高
SLVM
高出5.7%
-2.0%
自由现金流更多
NET
多$67.2M
$38.0M
两年增速更快
NET
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $890.0M |
| 净利润 | $-12.1M | $33.0M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 8.9% |
| 净利率 | -2.0% | 3.7% |
| 营收同比 | 33.6% | -8.2% |
| 净利润同比 | 6.0% | -59.3% |
| 每股收益（稀释后） | $-0.03 | $0.81 |
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NETSLVM
| Q4 25 | $614.5M | $890.0M | ||
| Q3 25 | $562.0M | $846.0M | ||
| Q2 25 | $512.3M | $794.0M | ||
| Q1 25 | $479.1M | $821.0M | ||
| Q4 24 | $459.9M | $970.0M | ||
| Q3 24 | $430.1M | $965.0M | ||
| Q2 24 | $401.0M | $933.0M | ||
| Q1 24 | $378.6M | $905.0M |
净利润NETSLVM
| Q4 25 | $-12.1M | $33.0M | ||
| Q3 25 | $-1.3M | $57.0M | ||
| Q2 25 | $-50.4M | $15.0M | ||
| Q1 25 | $-38.5M | $27.0M | ||
| Q4 24 | $-12.8M | $81.0M | ||
| Q3 24 | $-15.3M | $95.0M | ||
| Q2 24 | $-15.1M | $83.0M | ||
| Q1 24 | $-35.5M | $43.0M |
毛利率NETSLVM
| 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NETSLVM
| Q4 25 | -8.0% | 8.9% | ||
| Q3 25 | -6.7% | 11.6% | ||
| Q2 25 | -13.1% | 3.8% | ||
| Q1 25 | -11.1% | 5.4% | ||
| Q4 24 | -7.5% | 11.2% | ||
| Q3 24 | -7.2% | 15.5% | ||
| Q2 24 | -8.7% | 13.1% | ||
| Q1 24 | -14.4% | 8.0% |
净利率NETSLVM
| Q4 25 | -2.0% | 3.7% | ||
| Q3 25 | -0.2% | 6.7% | ||
| Q2 25 | -9.8% | 1.9% | ||
| Q1 25 | -8.0% | 3.3% | ||
| Q4 24 | -2.8% | 8.4% | ||
| Q3 24 | -3.6% | 9.8% | ||
| Q2 24 | -3.8% | 8.9% | ||
| Q1 24 | -9.4% | 4.8% |
每股收益（稀释后）NETSLVM
| Q4 25 | $-0.03 | $0.81 | ||
| Q3 25 | $0.00 | $1.41 | ||
| Q2 25 | $-0.15 | $0.37 | ||
| Q1 25 | $-0.11 | $0.65 | ||
| Q4 24 | $-0.05 | $1.91 | ||
| Q3 24 | $-0.04 | $2.27 | ||
| Q2 24 | $-0.04 | $1.98 | ||
| Q1 24 | $-0.10 | $1.02 |
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 | $198.0M |
| 总债务越低越好 | — | $763.0M |
| 股东权益账面价值 | $1.5B | $966.0M |
| 总资产 | $6.0B | $2.8B |
| 负债/权益比越低杠杆越低 | — | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资NETSLVM
| Q4 25 | $943.5M | $198.0M | ||
| Q3 25 | $1.1B | $146.0M | ||
| Q2 25 | $1.5B | $183.0M | ||
| Q1 25 | $204.5M | $220.0M | ||
| Q4 24 | $147.7M | $309.0M | ||
| Q3 24 | $182.9M | $414.0M | ||
| Q2 24 | $157.0M | $213.0M | ||
| Q1 24 | $254.4M | $218.0M |
总债务NETSLVM
| Q4 25 | — | $763.0M | ||
| Q3 25 | — | $778.0M | ||
| Q2 25 | — | $767.0M | ||
| Q1 25 | — | $794.0M | ||
| Q4 24 | — | $782.0M | ||
| Q3 24 | — | $883.0M | ||
| Q2 24 | — | $894.0M | ||
| Q1 24 | — | $921.0M |
股东权益NETSLVM
| Q4 25 | $1.5B | $966.0M | ||
| Q3 25 | $1.3B | $977.0M | ||
| Q2 25 | $1.2B | $959.0M | ||
| Q1 25 | $1.4B | $908.0M | ||
| Q4 24 | $1.0B | $847.0M | ||
| Q3 24 | $973.1M | $937.0M | ||
| Q2 24 | $881.5M | $830.0M | ||
| Q1 24 | $797.2M | $889.0M |
总资产NETSLVM
| Q4 25 | $6.0B | $2.8B | ||
| Q3 25 | $5.8B | $2.7B | ||
| Q2 25 | $5.6B | $2.7B | ||
| Q1 25 | $3.7B | $2.6B | ||
| Q4 24 | $3.3B | $2.6B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $2.9B | $2.7B | ||
| Q1 24 | $2.8B | $2.6B |
负债/权益比NETSLVM
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.92× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | — | 1.04× |
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 | $94.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $38.0M |
| 自由现金流率自由现金流/营收 | 17.1% | 4.3% |
| 资本支出强度资本支出/营收 | 13.9% | 6.3% |
| 现金转化率经营现金流/净利润 | — | 2.85× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $44.0M |
8季度趋势，按日历期对齐
经营现金流NETSLVM
| Q4 25 | $190.4M | $94.0M | ||
| Q3 25 | $167.1M | $87.0M | ||
| Q2 25 | $99.8M | $64.0M | ||
| Q1 25 | $145.8M | $23.0M | ||
| Q4 24 | $127.3M | $164.0M | ||
| Q3 24 | $104.7M | $163.0M | ||
| Q2 24 | $74.8M | $115.0M | ||
| Q1 24 | $73.6M | $27.0M |
自由现金流NETSLVM
| Q4 25 | $105.2M | $38.0M | ||
| Q3 25 | $82.5M | $33.0M | ||
| Q2 25 | $39.9M | $-2.0M | ||
| Q1 25 | $59.9M | $-25.0M | ||
| Q4 24 | $54.2M | $100.0M | ||
| Q3 24 | $54.5M | $119.0M | ||
| Q2 24 | $45.2M | $62.0M | ||
| Q1 24 | $41.5M | $-33.0M |
自由现金流率NETSLVM
| Q4 25 | 17.1% | 4.3% | ||
| Q3 25 | 14.7% | 3.9% | ||
| Q2 25 | 7.8% | -0.3% | ||
| Q1 25 | 12.5% | -3.0% | ||
| Q4 24 | 11.8% | 10.3% | ||
| Q3 24 | 12.7% | 12.3% | ||
| Q2 24 | 11.3% | 6.6% | ||
| Q1 24 | 11.0% | -3.6% |
资本支出强度NETSLVM
| Q4 25 | 13.9% | 6.3% | ||
| Q3 25 | 15.1% | 6.4% | ||
| Q2 25 | 11.7% | 8.3% | ||
| Q1 25 | 17.9% | 5.8% | ||
| Q4 24 | 15.9% | 6.6% | ||
| Q3 24 | 11.7% | 4.6% | ||
| Q2 24 | 7.4% | 5.7% | ||
| Q1 24 | 8.5% | 6.6% |
现金转化率NETSLVM
| Q4 25 | — | 2.85× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | 4.27× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | — | 1.39× | ||
| Q1 24 | — | 0.63× |
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% |
SLVM
暂无分部数据
