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Cloudflare, Inc.（NET）与SouthState Bank Corp（SSB）财务数据对比。点击上方公司名可切换其他公司
SouthState Bank Corp的季度营收约是Cloudflare, Inc.的1.1倍（$661.7M vs $614.5M），SouthState Bank Corp净利率更高（34.1% vs -2.0%，领先36.1%），过去两年SouthState Bank Corp的营收复合增速更高（37.4% 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。
SouthState Bank总部位于美国佛罗里达州温特黑文，是银行控股公司SouthState Corporation旗下的银行子公司。截至2025年5月26日，该行已在南卡罗来纳、北卡罗来纳、佐治亚、佛罗里达、阿拉巴马、弗吉尼亚、科罗拉多、得克萨斯八州设有371家营业网点，为当地客户提供各类银行金融服务。
NET vs SSB — 直观对比
营收规模更大
SSB
是对方的1.1倍
$614.5M
净利率更高
SSB
高出36.1%
-2.0%
两年增速更快
SSB
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $661.7M |
| 净利润 | $-12.1M | $225.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 15.1% |
| 净利率 | -2.0% | 34.1% |
| 营收同比 | 33.6% | — |
| 净利润同比 | 6.0% | 153.5% |
| 每股收益（稀释后） | $-0.03 | $2.28 |
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NETSSB
| Q1 26 | — | $661.7M | ||
| Q4 25 | $614.5M | $581.1M | ||
| Q3 25 | $562.0M | $599.7M | ||
| Q2 25 | $512.3M | $577.9M | ||
| Q1 25 | $479.1M | $544.5M | ||
| Q4 24 | $459.9M | $369.8M | ||
| Q3 24 | $430.1M | $351.5M | ||
| Q2 24 | $401.0M | $350.3M |
净利润NETSSB
| Q1 26 | — | $225.8M | ||
| Q4 25 | $-12.1M | $247.7M | ||
| Q3 25 | $-1.3M | $246.6M | ||
| Q2 25 | $-50.4M | $215.2M | ||
| Q1 25 | $-38.5M | $89.1M | ||
| Q4 24 | $-12.8M | $144.2M | ||
| Q3 24 | $-15.3M | $143.2M | ||
| Q2 24 | $-15.1M | $132.4M |
毛利率NETSSB
| 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NETSSB
| Q1 26 | — | 15.1% | ||
| Q4 25 | -8.0% | 54.3% | ||
| Q3 25 | -6.7% | 53.6% | ||
| Q2 25 | -13.1% | 48.8% | ||
| Q1 25 | -11.1% | 22.3% | ||
| Q4 24 | -7.5% | 50.7% | ||
| Q3 24 | -7.2% | 53.1% | ||
| Q2 24 | -8.7% | 49.3% |
净利率NETSSB
| Q1 26 | — | 34.1% | ||
| Q4 25 | -2.0% | 42.6% | ||
| Q3 25 | -0.2% | 41.1% | ||
| Q2 25 | -9.8% | 37.2% | ||
| Q1 25 | -8.0% | 16.4% | ||
| Q4 24 | -2.8% | 39.0% | ||
| Q3 24 | -3.6% | 40.7% | ||
| Q2 24 | -3.8% | 37.8% |
每股收益（稀释后）NETSSB
| Q1 26 | — | $2.28 | ||
| Q4 25 | $-0.03 | $2.47 | ||
| Q3 25 | $0.00 | $2.42 | ||
| Q2 25 | $-0.15 | $2.11 | ||
| Q1 25 | $-0.11 | $0.87 | ||
| Q4 24 | $-0.05 | $1.88 | ||
| Q3 24 | $-0.04 | $1.86 | ||
| Q2 24 | $-0.04 | $1.73 |
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 | $2.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $9.0B |
| 总资产 | $6.0B | $68.0B |
| 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NETSSB
| Q1 26 | — | $2.9B | ||
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $204.5M | — | ||
| Q4 24 | $147.7M | — | ||
| Q3 24 | $182.9M | — | ||
| Q2 24 | $157.0M | — |
股东权益NETSSB
| Q1 26 | — | $9.0B | ||
| Q4 25 | $1.5B | $9.1B | ||
| Q3 25 | $1.3B | $9.0B | ||
| Q2 25 | $1.2B | $8.8B | ||
| Q1 25 | $1.4B | $8.6B | ||
| Q4 24 | $1.0B | $5.9B | ||
| Q3 24 | $973.1M | $5.9B | ||
| Q2 24 | $881.5M | $5.7B |
总资产NETSSB
| Q1 26 | — | $68.0B | ||
| Q4 25 | $6.0B | $67.2B | ||
| Q3 25 | $5.8B | $66.0B | ||
| Q2 25 | $5.6B | $65.9B | ||
| Q1 25 | $3.7B | $65.1B | ||
| Q4 24 | $3.3B | $46.4B | ||
| Q3 24 | $3.1B | $46.1B | ||
| Q2 24 | $2.9B | $45.5B |
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NETSSB
| Q1 26 | — | — | ||
| Q4 25 | $190.4M | $232.1M | ||
| Q3 25 | $167.1M | $122.4M | ||
| Q2 25 | $99.8M | $72.6M | ||
| Q1 25 | $145.8M | $-126.3M | ||
| Q4 24 | $127.3M | $354.3M | ||
| Q3 24 | $104.7M | $-246.8M | ||
| Q2 24 | $74.8M | $126.8M |
自由现金流NETSSB
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $215.5M | ||
| Q3 25 | $82.5M | $101.7M | ||
| Q2 25 | $39.9M | $52.5M | ||
| Q1 25 | $59.9M | $-139.1M | ||
| Q4 24 | $54.2M | $340.9M | ||
| Q3 24 | $54.5M | $-254.2M | ||
| Q2 24 | $45.2M | $117.3M |
自由现金流率NETSSB
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 37.1% | ||
| Q3 25 | 14.7% | 17.0% | ||
| Q2 25 | 7.8% | 9.1% | ||
| Q1 25 | 12.5% | -25.5% | ||
| Q4 24 | 11.8% | 92.2% | ||
| Q3 24 | 12.7% | -72.3% | ||
| Q2 24 | 11.3% | 33.5% |
资本支出强度NETSSB
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 2.9% | ||
| Q3 25 | 15.1% | 3.5% | ||
| Q2 25 | 11.7% | 3.5% | ||
| Q1 25 | 17.9% | 2.4% | ||
| Q4 24 | 15.9% | 3.6% | ||
| Q3 24 | 11.7% | 2.1% | ||
| Q2 24 | 7.4% | 2.7% |
现金转化率NETSSB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | -1.72× | ||
| Q2 24 | — | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
