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Cloudflare, Inc.（NET）与Sleep Number Corp（SNBR）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Sleep Number Corp的1.8倍（$614.5M vs $347.4M），Cloudflare, Inc.净利率更高（-2.0% vs -16.8%，领先14.9%），Cloudflare, Inc.同比增速更快（33.6% vs -7.8%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-643.0K），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -14.1%）
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。
Sleep Number是美国床具制造商，主打Sleep Number与Comfortaire品牌床垫，同时生产床架及各类床品配件。公司总部位于明尼苏达州明尼阿波利斯，除总部外，还在南卡罗来纳州和犹他州设有生产与分销网点。
NET vs SNBR — 直观对比
营收规模更大
NET
是对方的1.8倍
$347.4M
营收增速更快
NET
高出41.4%
-7.8%
净利率更高
NET
高出14.9%
-16.8%
自由现金流更多
NET
多$105.9M
$-643.0K
两年增速更快
NET
近两年复合增速
-14.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $347.4M |
| 净利润 | $-12.1M | $-58.5M |
| 毛利率 | 73.6% | 55.6% |
| 营业利润率 | -8.0% | -13.4% |
| 净利率 | -2.0% | -16.8% |
| 营收同比 | 33.6% | -7.8% |
| 净利润同比 | 6.0% | -549.0% |
| 每股收益（稀释后） | $-0.03 | $-2.55 |
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NETSNBR
| Q1 26 | — | $347.4M | ||
| Q4 25 | $614.5M | — | ||
| Q3 25 | $562.0M | $342.9M | ||
| Q2 25 | $512.3M | $327.9M | ||
| Q1 25 | $479.1M | $393.3M | ||
| Q4 24 | $459.9M | $376.8M | ||
| Q3 24 | $430.1M | $426.6M | ||
| Q2 24 | $401.0M | $408.4M |
净利润NETSNBR
| Q1 26 | — | $-58.5M | ||
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-1.3M | $-39.8M | ||
| Q2 25 | $-50.4M | $-25.0M | ||
| Q1 25 | $-38.5M | $-8.6M | ||
| Q4 24 | $-12.8M | $-4.7M | ||
| Q3 24 | $-15.3M | $-3.1M | ||
| Q2 24 | $-15.1M | $-5.1M |
毛利率NETSNBR
| Q1 26 | — | 55.6% | ||
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | 59.9% | ||
| Q2 25 | 74.9% | 59.1% | ||
| Q1 25 | 75.9% | 61.2% | ||
| Q4 24 | 76.4% | 59.9% | ||
| Q3 24 | 77.7% | 60.8% | ||
| Q2 24 | 77.8% | 59.1% |
营业利润率NETSNBR
| Q1 26 | — | -13.4% | ||
| Q4 25 | -8.0% | — | ||
| Q3 25 | -6.7% | -11.8% | ||
| Q2 25 | -13.1% | -0.0% | ||
| Q1 25 | -11.1% | 0.5% | ||
| Q4 24 | -7.5% | 0.7% | ||
| Q3 24 | -7.2% | 2.0% | ||
| Q2 24 | -8.7% | 1.5% |
净利率NETSNBR
| Q1 26 | — | -16.8% | ||
| Q4 25 | -2.0% | — | ||
| Q3 25 | -0.2% | -11.6% | ||
| Q2 25 | -9.8% | -7.6% | ||
| Q1 25 | -8.0% | -2.2% | ||
| Q4 24 | -2.8% | -1.2% | ||
| Q3 24 | -3.6% | -0.7% | ||
| Q2 24 | -3.8% | -1.2% |
每股收益（稀释后）NETSNBR
| Q1 26 | — | $-2.55 | ||
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.00 | $-1.73 | ||
| Q2 25 | $-0.15 | $-1.09 | ||
| Q1 25 | $-0.11 | $-0.38 | ||
| Q4 24 | $-0.05 | $-0.21 | ||
| Q3 24 | $-0.04 | $-0.14 | ||
| Q2 24 | $-0.04 | $-0.22 |
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 | $1.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | — |
| 总资产 | $6.0B | $680.1M |
| 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NETSNBR
| Q1 26 | — | $1.7M | ||
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | $1.3M | ||
| Q2 25 | $1.5B | $1.3M | ||
| Q1 25 | $204.5M | $1.7M | ||
| Q4 24 | $147.7M | $1.9M | ||
| Q3 24 | $182.9M | $1.6M | ||
| Q2 24 | $157.0M | $2.0M |
股东权益NETSNBR
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $-521.3M | ||
| Q2 25 | $1.2B | $-480.7M | ||
| Q1 25 | $1.4B | $-456.8M | ||
| Q4 24 | $1.0B | $-451.6M | ||
| Q3 24 | $973.1M | $-448.8M | ||
| Q2 24 | $881.5M | $-447.0M |
总资产NETSNBR
| Q1 26 | — | $680.1M | ||
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | $749.4M | ||
| Q2 25 | $5.6B | $804.5M | ||
| Q1 25 | $3.7B | $836.8M | ||
| Q4 24 | $3.3B | $860.8M | ||
| Q3 24 | $3.1B | $864.7M | ||
| Q2 24 | $2.9B | $883.6M |
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 | $-643.0K |
| 自由现金流率自由现金流/营收 | 17.1% | -0.2% |
| 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 | $-17.7M |
8季度趋势，按日历期对齐
经营现金流NETSNBR
| Q1 26 | — | — | ||
| Q4 25 | $190.4M | — | ||
| Q3 25 | $167.1M | $-6.4M | ||
| Q2 25 | $99.8M | $3.8M | ||
| Q1 25 | $145.8M | $-2.6M | ||
| Q4 24 | $127.3M | $-23.7M | ||
| Q3 24 | $104.7M | $27.3M | ||
| Q2 24 | $74.8M | $-10.2M |
自由现金流NETSNBR
| Q1 26 | — | $-643.0K | ||
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | $-10.2M | ||
| Q2 25 | $39.9M | $369.0K | ||
| Q1 25 | $59.9M | $-7.2M | ||
| Q4 24 | $54.2M | $-30.0M | ||
| Q3 24 | $54.5M | $24.2M | ||
| Q2 24 | $45.2M | $-15.0M |
自由现金流率NETSNBR
| Q1 26 | — | -0.2% | ||
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | -3.0% | ||
| Q2 25 | 7.8% | 0.1% | ||
| Q1 25 | 12.5% | -1.8% | ||
| Q4 24 | 11.8% | -8.0% | ||
| Q3 24 | 12.7% | 5.7% | ||
| Q2 24 | 11.3% | -3.7% |
资本支出强度NETSNBR
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | 1.1% | ||
| Q2 25 | 11.7% | 1.1% | ||
| Q1 25 | 17.9% | 1.2% | ||
| Q4 24 | 15.9% | 1.7% | ||
| Q3 24 | 11.7% | 0.7% | ||
| Q2 24 | 7.4% | 1.2% |
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% |
SNBR
暂无分部数据
