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Cloudflare, Inc.（NET）与StoneX Group Inc.（SNEX）财务数据对比。点击上方公司名可切换其他公司
StoneX Group Inc.的季度营收约是Cloudflare, Inc.的2.0倍（$1.2B vs $614.5M），StoneX Group Inc.净利率更高（11.6% vs -2.0%，领先13.5%），StoneX Group Inc.同比增速更快（81.0% vs 33.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-1.3B），过去两年StoneX Group Inc.的营收复合增速更高（53.5% vs 27.4%）
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。
StoneX集团是美国知名金融服务企业，核心业务覆盖商业套期保值、全球支付、证券、实物大宗商品、外汇，以及清算与执行服务六大板块，可为全球各类客户提供专业合规的多元化金融服务。
NET vs SNEX — 直观对比
营收规模更大
SNEX
是对方的2.0倍
$614.5M
营收增速更快
SNEX
高出47.4%
33.6%
净利率更高
SNEX
高出13.5%
-2.0%
自由现金流更多
NET
多$1.4B
$-1.3B
两年增速更快
SNEX
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.2B |
| 净利润 | $-12.1M | $139.0M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 15.4% |
| 净利率 | -2.0% | 11.6% |
| 营收同比 | 33.6% | 81.0% |
| 净利润同比 | 6.0% | 63.3% |
| 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NETSNEX
| Q4 25 | $614.5M | $1.2B | ||
| Q3 25 | $562.0M | $32.7B | ||
| Q2 25 | $512.3M | $851.2M | ||
| Q1 25 | $479.1M | $820.4M | ||
| Q4 24 | $459.9M | $663.1M | ||
| Q3 24 | $430.1M | $31.1B | ||
| Q2 24 | $401.0M | $571.8M | ||
| Q1 24 | $378.6M | $509.2M |
净利润NETSNEX
| Q4 25 | $-12.1M | $139.0M | ||
| Q3 25 | $-1.3M | $85.7M | ||
| Q2 25 | $-50.4M | $63.4M | ||
| Q1 25 | $-38.5M | $71.7M | ||
| Q4 24 | $-12.8M | $85.1M | ||
| Q3 24 | $-15.3M | $76.7M | ||
| Q2 24 | $-15.1M | $61.9M | ||
| Q1 24 | $-35.5M | $53.1M |
毛利率NETSNEX
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | 3.7% | ||
| Q2 25 | 74.9% | — | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | 3.0% | ||
| Q2 24 | 77.8% | — | ||
| Q1 24 | 77.5% | — |
营业利润率NETSNEX
| Q4 25 | -8.0% | 15.4% | ||
| Q3 25 | -6.7% | 0.3% | ||
| Q2 25 | -13.1% | -1.3% | ||
| Q1 25 | -11.1% | -1.0% | ||
| Q4 24 | -7.5% | -3.2% | ||
| Q3 24 | -7.2% | -0.0% | ||
| Q2 24 | -8.7% | -4.7% | ||
| Q1 24 | -14.4% | -2.5% |
净利率NETSNEX
| Q4 25 | -2.0% | 11.6% | ||
| Q3 25 | -0.2% | 0.3% | ||
| Q2 25 | -9.8% | 7.4% | ||
| Q1 25 | -8.0% | 8.7% | ||
| Q4 24 | -2.8% | 12.8% | ||
| Q3 24 | -3.6% | 0.2% | ||
| Q2 24 | -3.8% | 10.8% | ||
| Q1 24 | -9.4% | 10.4% |
每股收益（稀释后）NETSNEX
| Q4 25 | $-0.03 | $2.50 | ||
| Q3 25 | $0.00 | $0.72 | ||
| Q2 25 | $-0.15 | $1.22 | ||
| Q1 25 | $-0.11 | $1.41 | ||
| Q4 24 | $-0.05 | $1.69 | ||
| Q3 24 | $-0.04 | $2.32 | ||
| Q2 24 | $-0.04 | $1.25 | ||
| Q1 24 | $-0.10 | $1.09 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $2.5B |
| 总资产 | $6.0B | $47.8B |
| 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NETSNEX
| Q4 25 | $943.5M | $1.6B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $204.5M | $1.3B | ||
| Q4 24 | $147.7M | $1.4B | ||
| Q3 24 | $182.9M | $1.3B | ||
| Q2 24 | $157.0M | $1.2B | ||
| Q1 24 | $254.4M | $1.3B |
股东权益NETSNEX
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.3B | $2.4B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $973.1M | $1.7B | ||
| Q2 24 | $881.5M | $1.6B | ||
| Q1 24 | $797.2M | $1.5B |
总资产NETSNEX
| Q4 25 | $6.0B | $47.8B | ||
| Q3 25 | $5.8B | $45.3B | ||
| Q2 25 | $5.6B | $34.3B | ||
| Q1 25 | $3.7B | $31.3B | ||
| Q4 24 | $3.3B | $29.6B | ||
| Q3 24 | $3.1B | $27.5B | ||
| Q2 24 | $2.9B | $25.9B | ||
| Q1 24 | $2.8B | $25.7B |
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 | $-1.3B |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $-1.3B |
| 自由现金流率自由现金流/营收 | 17.1% | -106.4% |
| 资本支出强度资本支出/营收 | 13.9% | 1.3% |
| 现金转化率经营现金流/净利润 | — | -9.08× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $3.5B |
8季度趋势，按日历期对齐
经营现金流NETSNEX
| Q4 25 | $190.4M | $-1.3B | ||
| Q3 25 | $167.1M | $3.5B | ||
| Q2 25 | $99.8M | $1.5B | ||
| Q1 25 | $145.8M | $-154.5M | ||
| Q4 24 | $127.3M | $-477.8M | ||
| Q3 24 | $104.7M | $192.6M | ||
| Q2 24 | $74.8M | $-622.1M | ||
| Q1 24 | $73.6M | $784.0M |
自由现金流NETSNEX
| Q4 25 | $105.2M | $-1.3B | ||
| Q3 25 | $82.5M | $3.5B | ||
| Q2 25 | $39.9M | $1.5B | ||
| Q1 25 | $59.9M | $-169.8M | ||
| Q4 24 | $54.2M | $-491.4M | ||
| Q3 24 | $54.5M | $175.9M | ||
| Q2 24 | $45.2M | $-640.5M | ||
| Q1 24 | $41.5M | $766.6M |
自由现金流率NETSNEX
| Q4 25 | 17.1% | -106.4% | ||
| Q3 25 | 14.7% | 10.7% | ||
| Q2 25 | 7.8% | 173.3% | ||
| Q1 25 | 12.5% | -20.7% | ||
| Q4 24 | 11.8% | -74.1% | ||
| Q3 24 | 12.7% | 0.6% | ||
| Q2 24 | 11.3% | -112.0% | ||
| Q1 24 | 11.0% | 150.5% |
资本支出强度NETSNEX
| Q4 25 | 13.9% | 1.3% | ||
| Q3 25 | 15.1% | 0.1% | ||
| Q2 25 | 11.7% | 1.9% | ||
| Q1 25 | 17.9% | 1.9% | ||
| Q4 24 | 15.9% | 2.1% | ||
| Q3 24 | 11.7% | 0.1% | ||
| Q2 24 | 7.4% | 3.2% | ||
| Q1 24 | 8.5% | 3.4% |
现金转化率NETSNEX
| Q4 25 | — | -9.08× | ||
| Q3 25 | — | 41.18× | ||
| Q2 25 | — | 23.52× | ||
| Q1 25 | — | -2.15× | ||
| Q4 24 | — | -5.61× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | -10.05× | ||
| Q1 24 | — | 14.76× |
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% |
SNEX
暂无分部数据
