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Cloudflare, Inc.（NET）与TrueBlue, Inc.（TBI）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TrueBlue, Inc.的1.5倍（$614.5M vs $418.2M），Cloudflare, Inc.同比增速更快（33.6% vs 8.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-7.5M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 1.9%）
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。
蓝鸟公司是一家美国巴士制造商，总部位于佐治亚州福瓦尔谷。该公司以生产校车闻名于世，除此之外还生产多种其他类型巴士，包括城市公交巴士、房车，以及流动图书馆、移动警务指挥中心等特种车辆。
NET vs TBI — 直观对比
营收规模更大
NET
是对方的1.5倍
$418.2M
营收增速更快
NET
高出25.3%
8.3%
自由现金流更多
NET
多$112.7M
$-7.5M
两年增速更快
NET
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $418.2M |
| 净利润 | $-12.1M | — |
| 毛利率 | 73.6% | 21.5% |
| 营业利润率 | -8.0% | -7.0% |
| 净利率 | -2.0% | — |
| 营收同比 | 33.6% | 8.3% |
| 净利润同比 | 6.0% | — |
| 每股收益（稀释后） | $-0.03 | $-1.06 |
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NETTBI
| Q4 25 | $614.5M | $418.2M | ||
| Q3 25 | $562.0M | $431.3M | ||
| Q2 25 | $512.3M | $396.3M | ||
| Q1 25 | $479.1M | $370.3M | ||
| Q4 24 | $459.9M | $386.0M | ||
| Q3 24 | $430.1M | $382.4M | ||
| Q2 24 | $401.0M | $396.2M | ||
| Q1 24 | $378.6M | $402.9M |
净利润NETTBI
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-1.3M | $-1.9M | ||
| Q2 25 | $-50.4M | $-160.0K | ||
| Q1 25 | $-38.5M | $-14.3M | ||
| Q4 24 | $-12.8M | — | ||
| Q3 24 | $-15.3M | $-7.6M | ||
| Q2 24 | $-15.1M | $-104.7M | ||
| Q1 24 | $-35.5M | $-1.7M |
毛利率NETTBI
| Q4 25 | 73.6% | 21.5% | ||
| Q3 25 | 74.0% | 22.7% | ||
| Q2 25 | 74.9% | 23.6% | ||
| Q1 25 | 75.9% | 23.3% | ||
| Q4 24 | 76.4% | 26.6% | ||
| Q3 24 | 77.7% | 26.2% | ||
| Q2 24 | 77.8% | 26.4% | ||
| Q1 24 | 77.5% | 24.7% |
营业利润率NETTBI
| Q4 25 | -8.0% | -7.0% | ||
| Q3 25 | -6.7% | -0.0% | ||
| Q2 25 | -13.1% | -0.7% | ||
| Q1 25 | -11.1% | -3.8% | ||
| Q4 24 | -7.5% | -2.7% | ||
| Q3 24 | -7.2% | -1.8% | ||
| Q2 24 | -8.7% | -15.1% | ||
| Q1 24 | -14.4% | -3.8% |
净利率NETTBI
| Q4 25 | -2.0% | — | ||
| Q3 25 | -0.2% | -0.4% | ||
| Q2 25 | -9.8% | -0.0% | ||
| Q1 25 | -8.0% | -3.9% | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | -3.6% | -2.0% | ||
| Q2 24 | -3.8% | -26.4% | ||
| Q1 24 | -9.4% | -0.4% |
每股收益（稀释后）NETTBI
| Q4 25 | $-0.03 | $-1.06 | ||
| Q3 25 | $0.00 | $-0.06 | ||
| Q2 25 | $-0.15 | $-0.01 | ||
| Q1 25 | $-0.11 | $-0.48 | ||
| Q4 24 | $-0.05 | $-0.41 | ||
| Q3 24 | $-0.04 | $-0.26 | ||
| Q2 24 | $-0.04 | $-3.45 | ||
| Q1 24 | $-0.10 | $-0.05 |
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 | $24.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $274.6M |
| 总资产 | $6.0B | $638.7M |
| 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NETTBI
| Q4 25 | $943.5M | $24.5M | ||
| Q3 25 | $1.1B | $19.9M | ||
| Q2 25 | $1.5B | $21.9M | ||
| Q1 25 | $204.5M | $23.1M | ||
| Q4 24 | $147.7M | $22.5M | ||
| Q3 24 | $182.9M | $14.5M | ||
| Q2 24 | $157.0M | $26.4M | ||
| Q1 24 | $254.4M | $36.2M |
股东权益NETTBI
| Q4 25 | $1.5B | $274.6M | ||
| Q3 25 | $1.3B | $304.3M | ||
| Q2 25 | $1.2B | $305.2M | ||
| Q1 25 | $1.4B | $302.2M | ||
| Q4 24 | $1.0B | $315.4M | ||
| Q3 24 | $973.1M | $327.2M | ||
| Q2 24 | $881.5M | $337.8M | ||
| Q1 24 | $797.2M | $446.4M |
总资产NETTBI
| Q4 25 | $6.0B | $638.7M | ||
| Q3 25 | $5.8B | $690.5M | ||
| Q2 25 | $5.6B | $672.8M | ||
| Q1 25 | $3.7B | $692.5M | ||
| Q4 24 | $3.3B | $675.4M | ||
| Q3 24 | $3.1B | $702.4M | ||
| Q2 24 | $2.9B | $723.7M | ||
| Q1 24 | $2.8B | $868.6M |
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 | $-4.4M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $-7.5M |
| 自由现金流率自由现金流/营收 | 17.1% | -1.8% |
| 资本支出强度资本支出/营收 | 13.9% | 0.7% |
| 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 | $-73.7M |
8季度趋势，按日历期对齐
经营现金流NETTBI
| Q4 25 | $190.4M | $-4.4M | ||
| Q3 25 | $167.1M | $-19.8M | ||
| Q2 25 | $99.8M | $-11.8M | ||
| Q1 25 | $145.8M | $-22.1M | ||
| Q4 24 | $127.3M | $6.1M | ||
| Q3 24 | $104.7M | $-7.1M | ||
| Q2 24 | $74.8M | $-1.8M | ||
| Q1 24 | $73.6M | $-14.2M |
自由现金流NETTBI
| Q4 25 | $105.2M | $-7.5M | ||
| Q3 25 | $82.5M | $-23.4M | ||
| Q2 25 | $39.9M | $-16.1M | ||
| Q1 25 | $59.9M | $-26.8M | ||
| Q4 24 | $54.2M | $854.0K | ||
| Q3 24 | $54.5M | $-12.7M | ||
| Q2 24 | $45.2M | $-7.7M | ||
| Q1 24 | $41.5M | $-21.6M |
自由现金流率NETTBI
| Q4 25 | 17.1% | -1.8% | ||
| Q3 25 | 14.7% | -5.4% | ||
| Q2 25 | 7.8% | -4.0% | ||
| Q1 25 | 12.5% | -7.2% | ||
| Q4 24 | 11.8% | 0.2% | ||
| Q3 24 | 12.7% | -3.3% | ||
| Q2 24 | 11.3% | -2.0% | ||
| Q1 24 | 11.0% | -5.4% |
资本支出强度NETTBI
| Q4 25 | 13.9% | 0.7% | ||
| Q3 25 | 15.1% | 0.8% | ||
| Q2 25 | 11.7% | 1.1% | ||
| Q1 25 | 17.9% | 1.3% | ||
| Q4 24 | 15.9% | 1.4% | ||
| Q3 24 | 11.7% | 1.5% | ||
| Q2 24 | 7.4% | 1.5% | ||
| Q1 24 | 8.5% | 1.8% |
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% |
TBI
| People Scout | $187.7M | 45% |
| Other | $175.0M | 42% |
| Healthcare Staffing Professionals Inc. | $55.5M | 13% |
