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Cloudflare, Inc.（NET）与E.W. SCRIPPS Co（SSP）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E.W. SCRIPPS Co的1.1倍（$614.5M vs $560.3M），Cloudflare, Inc.净利率更高（-2.0% vs -5.1%，领先3.1%），Cloudflare, Inc.同比增速更快（33.6% vs -23.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $31.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -0.1%）
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。
E.W.斯克里普斯公司简称斯克里普斯，是美国的广播传媒企业，1878年由爱德华·威利斯·斯克里普斯与姐姐艾伦·勃朗宁·斯克里普斯创立，最初为日报连锁企业，前身是一家传媒集团，如今总部位于俄亥俄州辛辛那提市的斯克里普斯中心，企业格言为“给人光明，大众自寻前路”，品牌标识为沿用已久的灯塔。
NET vs SSP — 直观对比
营收规模更大
NET
是对方的1.1倍
$560.3M
营收增速更快
NET
高出56.7%
-23.1%
净利率更高
NET
高出3.1%
-5.1%
自由现金流更多
NET
多$74.0M
$31.2M
两年增速更快
NET
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $560.3M |
| 净利润 | $-12.1M | $-28.5M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 7.5% |
| 净利率 | -2.0% | -5.1% |
| 营收同比 | 33.6% | -23.1% |
| 净利润同比 | 6.0% | -129.9% |
| 每股收益（稀释后） | $-0.03 | $-0.51 |
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NETSSP
| Q4 25 | $614.5M | $560.3M | ||
| Q3 25 | $562.0M | $525.9M | ||
| Q2 25 | $512.3M | $540.1M | ||
| Q1 25 | $479.1M | $524.4M | ||
| Q4 24 | $459.9M | $728.4M | ||
| Q3 24 | $430.1M | $646.3M | ||
| Q2 24 | $401.0M | $573.6M | ||
| Q1 24 | $378.6M | $561.5M |
净利润NETSSP
| Q4 25 | $-12.1M | $-28.5M | ||
| Q3 25 | $-1.3M | $-33.0M | ||
| Q2 25 | $-50.4M | $-36.0M | ||
| Q1 25 | $-38.5M | $-3.5M | ||
| Q4 24 | $-12.8M | $95.4M | ||
| Q3 24 | $-15.3M | $47.8M | ||
| Q2 24 | $-15.1M | $1.4M | ||
| Q1 24 | $-35.5M | $1.6M |
毛利率NETSSP
| 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NETSSP
| Q4 25 | -8.0% | 7.5% | ||
| Q3 25 | -6.7% | 7.2% | ||
| Q2 25 | -13.1% | 14.2% | ||
| Q1 25 | -11.1% | 5.2% | ||
| Q4 24 | -7.5% | 26.3% | ||
| Q3 24 | -7.2% | 18.8% | ||
| Q2 24 | -8.7% | 9.7% | ||
| Q1 24 | -14.4% | 7.7% |
净利率NETSSP
| Q4 25 | -2.0% | -5.1% | ||
| Q3 25 | -0.2% | -6.3% | ||
| Q2 25 | -9.8% | -6.7% | ||
| Q1 25 | -8.0% | -0.7% | ||
| Q4 24 | -2.8% | 13.1% | ||
| Q3 24 | -3.6% | 7.4% | ||
| Q2 24 | -3.8% | 0.2% | ||
| Q1 24 | -9.4% | 0.3% |
每股收益（稀释后）NETSSP
| Q4 25 | $-0.03 | $-0.51 | ||
| Q3 25 | $0.00 | $-0.55 | ||
| Q2 25 | $-0.15 | $-0.59 | ||
| Q1 25 | $-0.11 | $-0.22 | ||
| Q4 24 | $-0.05 | $0.94 | ||
| Q3 24 | $-0.04 | $0.37 | ||
| Q2 24 | $-0.04 | $-0.15 | ||
| Q1 24 | $-0.10 | $-0.15 |
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 | $27.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.2B |
| 总资产 | $6.0B | $5.0B |
| 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NETSSP
| Q4 25 | $943.5M | $27.9M | ||
| Q3 25 | $1.1B | $54.7M | ||
| Q2 25 | $1.5B | $31.7M | ||
| Q1 25 | $204.5M | $24.0M | ||
| Q4 24 | $147.7M | $23.9M | ||
| Q3 24 | $182.9M | $34.6M | ||
| Q2 24 | $157.0M | $26.7M | ||
| Q1 24 | $254.4M | $30.2M |
总债务NETSSP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETSSP
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $973.1M | $1.2B | ||
| Q2 24 | $881.5M | $1.2B | ||
| Q1 24 | $797.2M | $1.2B |
总资产NETSSP
| Q4 25 | $6.0B | $5.0B | ||
| Q3 25 | $5.8B | $5.1B | ||
| Q2 25 | $5.6B | $5.1B | ||
| Q1 25 | $3.7B | $5.1B | ||
| Q4 24 | $3.3B | $5.2B | ||
| Q3 24 | $3.1B | $5.3B | ||
| Q2 24 | $2.9B | $5.3B | ||
| Q1 24 | $2.8B | $5.3B |
负债/权益比NETSSP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.98× | ||
| 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 | $45.1M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $31.2M |
| 自由现金流率自由现金流/营收 | 17.1% | 5.6% |
| 资本支出强度资本支出/营收 | 13.9% | 2.5% |
| 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 | $6.5M |
8季度趋势，按日历期对齐
经营现金流NETSSP
| Q4 25 | $190.4M | $45.1M | ||
| Q3 25 | $167.1M | $21.8M | ||
| Q2 25 | $99.8M | $-10.5M | ||
| Q1 25 | $145.8M | $-3.3M | ||
| Q4 24 | $127.3M | $153.3M | ||
| Q3 24 | $104.7M | $140.6M | ||
| Q2 24 | $74.8M | $26.4M | ||
| Q1 24 | $73.6M | $45.4M |
自由现金流NETSSP
| Q4 25 | $105.2M | $31.2M | ||
| Q3 25 | $82.5M | $6.4M | ||
| Q2 25 | $39.9M | $-22.7M | ||
| Q1 25 | $59.9M | $-8.4M | ||
| Q4 24 | $54.2M | $146.9M | ||
| Q3 24 | $54.5M | $127.4M | ||
| Q2 24 | $45.2M | $2.8M | ||
| Q1 24 | $41.5M | $23.3M |
自由现金流率NETSSP
| Q4 25 | 17.1% | 5.6% | ||
| Q3 25 | 14.7% | 1.2% | ||
| Q2 25 | 7.8% | -4.2% | ||
| Q1 25 | 12.5% | -1.6% | ||
| Q4 24 | 11.8% | 20.2% | ||
| Q3 24 | 12.7% | 19.7% | ||
| Q2 24 | 11.3% | 0.5% | ||
| Q1 24 | 11.0% | 4.1% |
资本支出强度NETSSP
| Q4 25 | 13.9% | 2.5% | ||
| Q3 25 | 15.1% | 2.9% | ||
| Q2 25 | 11.7% | 2.3% | ||
| Q1 25 | 17.9% | 1.0% | ||
| Q4 24 | 15.9% | 0.9% | ||
| Q3 24 | 11.7% | 2.0% | ||
| Q2 24 | 7.4% | 4.1% | ||
| Q1 24 | 8.5% | 3.9% |
现金转化率NETSSP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 18.45× | ||
| Q1 24 | — | 27.94× |
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% |
SSP
| Local Media Segment | $355.1M | 63% |
| Scripps Networks | $199.5M | 36% |
| Political Advertising Revenue | $10.0M | 2% |
