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Cloudflare, Inc.（NET）与Savers Value Village, Inc.（SVV）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Savers Value Village, Inc.的1.4倍（$614.5M vs $426.9M），Cloudflare, Inc.净利率更高（-2.0% vs -3.3%，领先1.3%），Cloudflare, Inc.同比增速更快（33.6% vs 8.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-6.3M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 4.3%）
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。
Savers Value Village是美国中西部的折扣百货连锁品牌，由原伍尔沃斯公司的亨利·霍尼创立，1961年开业，运营至1989年，业务覆盖威斯康星州、伊利诺伊州两地。霍尼同时经营房地产业务，常于折扣店旁配套建设小型购物中心。
NET vs SVV — 直观对比
营收规模更大
NET
是对方的1.4倍
$426.9M
营收增速更快
NET
高出25.5%
8.1%
净利率更高
NET
高出1.3%
-3.3%
自由现金流更多
NET
多$111.5M
$-6.3M
两年增速更快
NET
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $426.9M |
| 净利润 | $-12.1M | $-14.0M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 8.5% |
| 净利率 | -2.0% | -3.3% |
| 营收同比 | 33.6% | 8.1% |
| 净利润同比 | 6.0% | -164.6% |
| 每股收益（稀释后） | $-0.03 | $-0.09 |
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NETSVV
| Q4 25 | $614.5M | — | ||
| Q3 25 | $562.0M | $426.9M | ||
| Q2 25 | $512.3M | $417.2M | ||
| Q1 25 | $479.1M | $370.1M | ||
| Q4 24 | $459.9M | $402.0M | ||
| Q3 24 | $430.1M | $394.8M | ||
| Q2 24 | $401.0M | $386.7M | ||
| Q1 24 | $378.6M | $354.2M |
净利润NETSVV
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-1.3M | $-14.0M | ||
| Q2 25 | $-50.4M | $18.9M | ||
| Q1 25 | $-38.5M | $-4.7M | ||
| Q4 24 | $-12.8M | $-1.9M | ||
| Q3 24 | $-15.3M | $21.7M | ||
| Q2 24 | $-15.1M | $9.7M | ||
| Q1 24 | $-35.5M | $-467.0K |
毛利率NETSVV
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | — | ||
| Q2 25 | 74.9% | — | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | 25.6% | ||
| Q2 24 | 77.8% | 26.6% | ||
| Q1 24 | 77.5% | 24.2% |
营业利润率NETSVV
| Q4 25 | -8.0% | — | ||
| Q3 25 | -6.7% | 8.5% | ||
| Q2 25 | -13.1% | 8.2% | ||
| Q1 25 | -11.1% | 2.8% | ||
| Q4 24 | -7.5% | 8.2% | ||
| Q3 24 | -7.2% | 12.3% | ||
| Q2 24 | -8.7% | 8.3% | ||
| Q1 24 | -14.4% | 4.6% |
净利率NETSVV
| Q4 25 | -2.0% | — | ||
| Q3 25 | -0.2% | -3.3% | ||
| Q2 25 | -9.8% | 4.5% | ||
| Q1 25 | -8.0% | -1.3% | ||
| Q4 24 | -2.8% | -0.5% | ||
| Q3 24 | -3.6% | 5.5% | ||
| Q2 24 | -3.8% | 2.5% | ||
| Q1 24 | -9.4% | -0.1% |
每股收益（稀释后）NETSVV
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.00 | $-0.09 | ||
| Q2 25 | $-0.15 | $0.12 | ||
| Q1 25 | $-0.11 | $-0.03 | ||
| Q4 24 | $-0.05 | $-0.02 | ||
| Q3 24 | $-0.04 | $0.13 | ||
| Q2 24 | $-0.04 | $0.06 | ||
| Q1 24 | $-0.10 | $0.00 |
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 | $63.5M |
| 总债务越低越好 | — | $750.0M |
| 股东权益账面价值 | $1.5B | $414.6M |
| 总资产 | $6.0B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资NETSVV
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | $63.5M | ||
| Q2 25 | $1.5B | $70.5M | ||
| Q1 25 | $204.5M | $73.0M | ||
| Q4 24 | $147.7M | $150.0M | ||
| Q3 24 | $182.9M | $137.7M | ||
| Q2 24 | $157.0M | $160.7M | ||
| Q1 24 | $254.4M | $102.2M |
总债务NETSVV
| Q4 25 | — | — | ||
| Q3 25 | — | $750.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETSVV
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $414.6M | ||
| Q2 25 | $1.2B | $423.5M | ||
| Q1 25 | $1.4B | $413.8M | ||
| Q4 24 | $1.0B | $421.7M | ||
| Q3 24 | $973.1M | $432.9M | ||
| Q2 24 | $881.5M | $419.5M | ||
| Q1 24 | $797.2M | $395.0M |
总资产NETSVV
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | $2.0B | ||
| Q2 25 | $5.6B | $1.9B | ||
| Q1 25 | $3.7B | $1.9B | ||
| Q4 24 | $3.3B | $1.9B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $2.9B | $1.9B | ||
| Q1 24 | $2.8B | $1.8B |
负债/权益比NETSVV
| Q4 25 | — | — | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $21.6M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $-6.3M |
| 自由现金流率自由现金流/营收 | 17.1% | -1.5% |
| 资本支出强度资本支出/营收 | 13.9% | 6.5% |
| 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 | $25.5M |
8季度趋势，按日历期对齐
经营现金流NETSVV
| Q4 25 | $190.4M | — | ||
| Q3 25 | $167.1M | $21.6M | ||
| Q2 25 | $99.8M | $54.4M | ||
| Q1 25 | $145.8M | $419.0K | ||
| Q4 24 | $127.3M | $55.8M | ||
| Q3 24 | $104.7M | $23.9M | ||
| Q2 24 | $74.8M | $60.4M | ||
| Q1 24 | $73.6M | $-5.8M |
自由现金流NETSVV
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | $-6.3M | ||
| Q2 25 | $39.9M | $21.9M | ||
| Q1 25 | $59.9M | $-20.2M | ||
| Q4 24 | $54.2M | $30.1M | ||
| Q3 24 | $54.5M | $-3.0M | ||
| Q2 24 | $45.2M | $29.6M | ||
| Q1 24 | $41.5M | $-28.3M |
自由现金流率NETSVV
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | -1.5% | ||
| Q2 25 | 7.8% | 5.2% | ||
| Q1 25 | 12.5% | -5.4% | ||
| Q4 24 | 11.8% | 7.5% | ||
| Q3 24 | 12.7% | -0.8% | ||
| Q2 24 | 11.3% | 7.6% | ||
| Q1 24 | 11.0% | -8.0% |
资本支出强度NETSVV
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | 6.5% | ||
| Q2 25 | 11.7% | 7.8% | ||
| Q1 25 | 17.9% | 5.6% | ||
| Q4 24 | 15.9% | 6.4% | ||
| Q3 24 | 11.7% | 6.8% | ||
| Q2 24 | 7.4% | 8.0% | ||
| Q1 24 | 8.5% | 6.4% |
现金转化率NETSVV
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.88× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 6.22× | ||
| Q1 24 | — | — |
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% |
SVV
| Sales Channel Directly To Consumer | $408.3M | 96% |
| Sales Channel Through Intermediary | $18.6M | 4% |
