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Cloudflare, Inc.（NET）与森萨塔科技（ST）财务数据对比。点击上方公司名可切换其他公司
森萨塔科技的季度营收约是Cloudflare, Inc.的1.5倍（$934.8M vs $614.5M），森萨塔科技净利率更高（9.3% vs -2.0%，领先11.3%），Cloudflare, Inc.同比增速更快（33.6% vs 2.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $104.6M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -5.0%）
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。
森萨塔科技控股有限公司是全球领先的工业科技企业，主营传感器、电气保护及控制解决方案的研发、生产与销售，产品覆盖汽车、工业、航空航天、暖通空调、电信等多个下游领域，服务全球制造类企业客户。
NET vs ST — 直观对比
营收规模更大
ST
是对方的1.5倍
$614.5M
营收增速更快
NET
高出31.0%
2.6%
净利率更高
ST
高出11.3%
-2.0%
自由现金流更多
NET
多$621.0K
$104.6M
两年增速更快
NET
近两年复合增速
-5.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $934.8M |
| 净利润 | $-12.1M | $87.1M |
| 毛利率 | 73.6% | 30.6% |
| 营业利润率 | -8.0% | 15.1% |
| 净利率 | -2.0% | 9.3% |
| 营收同比 | 33.6% | 2.6% |
| 净利润同比 | 6.0% | 24.6% |
| 每股收益（稀释后） | $-0.03 | $0.59 |
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NETST
| Q1 26 | — | $934.8M | ||
| Q4 25 | $614.5M | $917.9M | ||
| Q3 25 | $562.0M | $932.0M | ||
| Q2 25 | $512.3M | $943.4M | ||
| Q1 25 | $479.1M | $911.3M | ||
| Q4 24 | $459.9M | $907.7M | ||
| Q3 24 | $430.1M | $982.8M | ||
| Q2 24 | $401.0M | $1.0B |
净利润NETST
| Q1 26 | — | $87.1M | ||
| Q4 25 | $-12.1M | $63.2M | ||
| Q3 25 | $-1.3M | $-162.5M | ||
| Q2 25 | $-50.4M | $60.7M | ||
| Q1 25 | $-38.5M | $69.9M | ||
| Q4 24 | $-12.8M | $5.8M | ||
| Q3 24 | $-15.3M | $-25.0M | ||
| Q2 24 | $-15.1M | $71.7M |
毛利率NETST
| Q1 26 | — | 30.6% | ||
| Q4 25 | 73.6% | 29.0% | ||
| Q3 25 | 74.0% | 27.8% | ||
| Q2 25 | 74.9% | 30.3% | ||
| Q1 25 | 75.9% | 29.9% | ||
| Q4 24 | 76.4% | 27.1% | ||
| Q3 24 | 77.7% | 28.6% | ||
| Q2 24 | 77.8% | 30.0% |
营业利润率NETST
| Q1 26 | — | 15.1% | ||
| Q4 25 | -8.0% | 10.9% | ||
| Q3 25 | -6.7% | -13.2% | ||
| Q2 25 | -13.1% | 14.6% | ||
| Q1 25 | -11.1% | 13.4% | ||
| Q4 24 | -7.5% | 8.1% | ||
| Q3 24 | -7.2% | -20.3% | ||
| Q2 24 | -8.7% | 12.5% |
净利率NETST
| Q1 26 | — | 9.3% | ||
| Q4 25 | -2.0% | 6.9% | ||
| Q3 25 | -0.2% | -17.4% | ||
| Q2 25 | -9.8% | 6.4% | ||
| Q1 25 | -8.0% | 7.7% | ||
| Q4 24 | -2.8% | 0.6% | ||
| Q3 24 | -3.6% | -2.5% | ||
| Q2 24 | -3.8% | 6.9% |
每股收益（稀释后）NETST
| Q1 26 | — | $0.59 | ||
| Q4 25 | $-0.03 | $0.45 | ||
| Q3 25 | $0.00 | $-1.12 | ||
| Q2 25 | $-0.15 | $0.41 | ||
| Q1 25 | $-0.11 | $0.47 | ||
| Q4 24 | $-0.05 | $0.05 | ||
| Q3 24 | $-0.04 | $-0.17 | ||
| Q2 24 | $-0.04 | $0.47 |
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 | $635.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $2.9B |
| 总资产 | $6.0B | $6.8B |
| 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NETST
| Q1 26 | — | $635.1M | ||
| Q4 25 | $943.5M | $573.0M | ||
| Q3 25 | $1.1B | $791.3M | ||
| Q2 25 | $1.5B | $661.8M | ||
| Q1 25 | $204.5M | $588.1M | ||
| Q4 24 | $147.7M | $593.7M | ||
| Q3 24 | $182.9M | $506.2M | ||
| Q2 24 | $157.0M | $1.0B |
总债务NETST
| Q1 26 | — | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NETST
| Q1 26 | — | $2.9B | ||
| Q4 25 | $1.5B | $2.8B | ||
| Q3 25 | $1.3B | $2.7B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.0B | $2.9B | ||
| Q3 24 | $973.1M | $3.0B | ||
| Q2 24 | $881.5M | $3.0B |
总资产NETST
| Q1 26 | — | $6.8B | ||
| Q4 25 | $6.0B | $6.8B | ||
| Q3 25 | $5.8B | $7.1B | ||
| Q2 25 | $5.6B | $7.3B | ||
| Q1 25 | $3.7B | $7.2B | ||
| Q4 24 | $3.3B | $7.1B | ||
| Q3 24 | $3.1B | $7.3B | ||
| Q2 24 | $2.9B | $8.2B |
负债/权益比NETST
| Q1 26 | — | — | ||
| Q4 25 | — | 1.02× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | — | ||
| Q2 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 | $122.5M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $104.6M |
| 自由现金流率自由现金流/营收 | 17.1% | 11.2% |
| 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 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $508.3M |
8季度趋势，按日历期对齐
经营现金流NETST
| Q1 26 | — | $122.5M | ||
| Q4 25 | $190.4M | $201.5M | ||
| Q3 25 | $167.1M | $159.9M | ||
| Q2 25 | $99.8M | $140.9M | ||
| Q1 25 | $145.8M | $119.2M | ||
| Q4 24 | $127.3M | $170.7M | ||
| Q3 24 | $104.7M | $130.9M | ||
| Q2 24 | $74.8M | $143.5M |
自由现金流NETST
| Q1 26 | — | $104.6M | ||
| Q4 25 | $105.2M | $151.9M | ||
| Q3 25 | $82.5M | $136.2M | ||
| Q2 25 | $39.9M | $115.5M | ||
| Q1 25 | $59.9M | $86.6M | ||
| Q4 24 | $54.2M | $138.9M | ||
| Q3 24 | $54.5M | $91.3M | ||
| Q2 24 | $45.2M | $98.4M |
自由现金流率NETST
| Q1 26 | — | 11.2% | ||
| Q4 25 | 17.1% | 16.6% | ||
| Q3 25 | 14.7% | 14.6% | ||
| Q2 25 | 7.8% | 12.2% | ||
| Q1 25 | 12.5% | 9.5% | ||
| Q4 24 | 11.8% | 15.3% | ||
| Q3 24 | 12.7% | 9.3% | ||
| Q2 24 | 11.3% | 9.5% |
资本支出强度NETST
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 5.4% | ||
| Q3 25 | 15.1% | 2.5% | ||
| Q2 25 | 11.7% | 2.7% | ||
| Q1 25 | 17.9% | 3.6% | ||
| Q4 24 | 15.9% | 3.5% | ||
| Q3 24 | 11.7% | 4.0% | ||
| Q2 24 | 7.4% | 4.4% |
现金转化率NETST
| Q1 26 | — | 1.41× | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 29.50× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.00× |
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% |
ST
暂无分部数据
