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Cloudflare, Inc.（NET）与实耐宝（SNA）财务数据对比。点击上方公司名可切换其他公司
实耐宝的季度营收约是Cloudflare, Inc.的2.0倍（$1.2B vs $614.5M），实耐宝净利率更高（21.3% vs -2.0%，领先23.3%），Cloudflare, Inc.同比增速更快（33.6% vs 2.7%），实耐宝自由现金流更多（$254.6M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 2.0%）
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。
实耐宝（Snap-on）是美国高端专业工具及设备的设计、制造与销售企业，产品广泛应用于汽车、重型装备、船舶、航空、铁路等交通运输行业的专业场景，1930年起总部设于威斯康星州基诺沙，旗下另设Blue-Point品牌主打平价工具线，核心竞争对手包含Matco、Mac Tools、Cornwell Tools等。
NET vs SNA — 直观对比
营收规模更大
SNA
是对方的2.0倍
$614.5M
营收增速更快
NET
高出30.9%
2.7%
净利率更高
SNA
高出23.3%
-2.0%
自由现金流更多
SNA
多$149.4M
$105.2M
两年增速更快
NET
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.2B |
| 净利润 | $-12.1M | $260.7M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 27.8% |
| 净利率 | -2.0% | 21.3% |
| 营收同比 | 33.6% | 2.7% |
| 净利润同比 | 6.0% | 1.0% |
| 每股收益（稀释后） | $-0.03 | $4.94 |
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NETSNA
| Q4 25 | $614.5M | $1.2B | ||
| Q3 25 | $562.0M | $1.2B | ||
| Q2 25 | $512.3M | $1.2B | ||
| Q1 25 | $479.1M | $1.1B | ||
| Q4 24 | $459.9M | $1.2B | ||
| Q3 24 | $430.1M | $1.1B | ||
| Q2 24 | $401.0M | $1.2B | ||
| Q1 24 | $378.6M | $1.2B |
净利润NETSNA
| Q4 25 | $-12.1M | $260.7M | ||
| Q3 25 | $-1.3M | $265.4M | ||
| Q2 25 | $-50.4M | $250.3M | ||
| Q1 25 | $-38.5M | $240.5M | ||
| Q4 24 | $-12.8M | $258.1M | ||
| Q3 24 | $-15.3M | $251.1M | ||
| Q2 24 | $-15.1M | $271.2M | ||
| Q1 24 | $-35.5M | $263.5M |
毛利率NETSNA
| 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NETSNA
| Q4 25 | -8.0% | 27.8% | ||
| Q3 25 | -6.7% | 29.4% | ||
| Q2 25 | -13.1% | 28.0% | ||
| Q1 25 | -11.1% | 27.7% | ||
| Q4 24 | -7.5% | 27.9% | ||
| Q3 24 | -7.2% | 28.4% | ||
| Q2 24 | -8.7% | 29.9% | ||
| Q1 24 | -14.4% | 28.9% |
净利率NETSNA
| Q4 25 | -2.0% | 21.3% | ||
| Q3 25 | -0.2% | 22.5% | ||
| Q2 25 | -9.8% | 21.4% | ||
| Q1 25 | -8.0% | 21.2% | ||
| Q4 24 | -2.8% | 21.7% | ||
| Q3 24 | -3.6% | 22.0% | ||
| Q2 24 | -3.8% | 23.1% | ||
| Q1 24 | -9.4% | 22.4% |
每股收益（稀释后）NETSNA
| Q4 25 | $-0.03 | $4.94 | ||
| Q3 25 | $0.00 | $5.02 | ||
| Q2 25 | $-0.15 | $4.72 | ||
| Q1 25 | $-0.11 | $4.51 | ||
| Q4 24 | $-0.05 | $4.83 | ||
| Q3 24 | $-0.04 | $4.70 | ||
| Q2 24 | $-0.04 | $5.07 | ||
| Q1 24 | $-0.10 | $4.91 |
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 | — | — |
| 股东权益账面价值 | $1.5B | — |
| 总资产 | $6.0B | — |
| 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NETSNA
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $204.5M | $1.4B | ||
| Q4 24 | $147.7M | $1.4B | ||
| Q3 24 | $182.9M | $1.3B | ||
| Q2 24 | $157.0M | $1.2B | ||
| Q1 24 | $254.4M | $1.1B |
总债务NETSNA
| Q4 25 | — | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETSNA
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.2B | $5.7B | ||
| Q1 25 | $1.4B | $5.5B | ||
| Q4 24 | $1.0B | $5.4B | ||
| Q3 24 | $973.1M | $5.5B | ||
| Q2 24 | $881.5M | $5.3B | ||
| Q1 24 | $797.2M | $5.1B |
总资产NETSNA
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | $8.4B | ||
| Q2 25 | $5.6B | $8.2B | ||
| Q1 25 | $3.7B | $8.1B | ||
| Q4 24 | $3.3B | $7.9B | ||
| Q3 24 | $3.1B | $8.0B | ||
| Q2 24 | $2.9B | $7.8B | ||
| Q1 24 | $2.8B | $7.7B |
负债/权益比NETSNA
| Q4 25 | — | — | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $268.1M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $254.6M |
| 自由现金流率自由现金流/营收 | 17.1% | 20.8% |
| 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 | — | 1.03× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $1.0B |
8季度趋势，按日历期对齐
经营现金流NETSNA
| Q4 25 | $190.4M | $268.1M | ||
| Q3 25 | $167.1M | $277.9M | ||
| Q2 25 | $99.8M | $237.2M | ||
| Q1 25 | $145.8M | $298.5M | ||
| Q4 24 | $127.3M | $293.5M | ||
| Q3 24 | $104.7M | $274.2M | ||
| Q2 24 | $74.8M | $301.1M | ||
| Q1 24 | $73.6M | $348.7M |
自由现金流NETSNA
| Q4 25 | $105.2M | $254.6M | ||
| Q3 25 | $82.5M | $258.0M | ||
| Q2 25 | $39.9M | $217.5M | ||
| Q1 25 | $59.9M | $275.6M | ||
| Q4 24 | $54.2M | $275.4M | ||
| Q3 24 | $54.5M | $253.8M | ||
| Q2 24 | $45.2M | $277.9M | ||
| Q1 24 | $41.5M | $326.9M |
自由现金流率NETSNA
| Q4 25 | 17.1% | 20.8% | ||
| Q3 25 | 14.7% | 21.8% | ||
| Q2 25 | 7.8% | 18.6% | ||
| Q1 25 | 12.5% | 24.3% | ||
| Q4 24 | 11.8% | 23.1% | ||
| Q3 24 | 12.7% | 22.3% | ||
| Q2 24 | 11.3% | 23.7% | ||
| Q1 24 | 11.0% | 27.8% |
资本支出强度NETSNA
| Q4 25 | 13.9% | 1.1% | ||
| Q3 25 | 15.1% | 1.7% | ||
| Q2 25 | 11.7% | 1.7% | ||
| Q1 25 | 17.9% | 2.0% | ||
| Q4 24 | 15.9% | 1.5% | ||
| Q3 24 | 11.7% | 1.8% | ||
| Q2 24 | 7.4% | 2.0% | ||
| Q1 24 | 8.5% | 1.9% |
现金转化率NETSNA
| Q4 25 | — | 1.03× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 1.11× | ||
| Q1 24 | — | 1.32× |
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% |
SNA
暂无分部数据
