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Cloudflare, Inc.（NET）与TEXAS CAPITAL BANCSHARES INC（TCBI）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TEXAS CAPITAL BANCSHARES INC的1.9倍（$614.5M vs $324.0M），TEXAS CAPITAL BANCSHARES INC净利率更高（22.8% vs -2.0%，领先24.7%），Cloudflare, Inc.同比增速更快（33.6% vs 15.5%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 10.2%）
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。
德克萨斯资本银行总部位于美国得克萨斯州达拉斯，是得克萨斯资本 Bancshares 旗下的银行主体，在得州所有主要城市均设有线下网点，同时运营纯线上银行品牌Bask Bank，为客户提供多元便捷的金融服务。
NET vs TCBI — 直观对比
营收规模更大
NET
是对方的1.9倍
$324.0M
营收增速更快
NET
高出18.1%
15.5%
净利率更高
TCBI
高出24.7%
-2.0%
两年增速更快
NET
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $324.0M |
| 净利润 | $-12.1M | $73.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | — |
| 净利率 | -2.0% | 22.8% |
| 营收同比 | 33.6% | 15.5% |
| 净利润同比 | 6.0% | 56.8% |
| 每股收益（稀释后） | $-0.03 | $1.56 |
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NETTCBI
| Q1 26 | — | $324.0M | ||
| Q4 25 | $614.5M | $327.5M | ||
| Q3 25 | $562.0M | $340.4M | ||
| Q2 25 | $512.3M | $307.5M | ||
| Q1 25 | $479.1M | $280.5M | ||
| Q4 24 | $459.9M | $229.6M | ||
| Q3 24 | $430.1M | $125.3M | ||
| Q2 24 | $401.0M | $267.0M |
净利润NETTCBI
| Q1 26 | — | $73.8M | ||
| Q4 25 | $-12.1M | $100.7M | ||
| Q3 25 | $-1.3M | $105.2M | ||
| Q2 25 | $-50.4M | $77.3M | ||
| Q1 25 | $-38.5M | $47.0M | ||
| Q4 24 | $-12.8M | $71.0M | ||
| Q3 24 | $-15.3M | $-61.3M | ||
| Q2 24 | $-15.1M | $41.7M |
毛利率NETTCBI
| 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NETTCBI
| Q1 26 | — | — | ||
| Q4 25 | -8.0% | 40.4% | ||
| Q3 25 | -6.7% | 40.5% | ||
| Q2 25 | -13.1% | 33.2% | ||
| Q1 25 | -11.1% | 21.6% | ||
| Q4 24 | -7.5% | 40.7% | ||
| Q3 24 | -7.2% | -63.8% | ||
| Q2 24 | -8.7% | 21.9% |
净利率NETTCBI
| Q1 26 | — | 22.8% | ||
| Q4 25 | -2.0% | 30.7% | ||
| Q3 25 | -0.2% | 30.9% | ||
| Q2 25 | -9.8% | 25.2% | ||
| Q1 25 | -8.0% | 16.8% | ||
| Q4 24 | -2.8% | 30.9% | ||
| Q3 24 | -3.6% | -48.9% | ||
| Q2 24 | -3.8% | 15.6% |
每股收益（稀释后）NETTCBI
| Q1 26 | — | $1.56 | ||
| Q4 25 | $-0.03 | $2.11 | ||
| Q3 25 | $0.00 | $2.18 | ||
| Q2 25 | $-0.15 | $1.58 | ||
| Q1 25 | $-0.11 | $0.92 | ||
| Q4 24 | $-0.05 | $1.43 | ||
| Q3 24 | $-0.04 | $-1.41 | ||
| Q2 24 | $-0.04 | $0.80 |
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 | — |
| 总债务越低越好 | — | $878.3M |
| 股东权益账面价值 | $1.5B | $3.6B |
| 总资产 | $6.0B | $33.5B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资NETTCBI
| Q1 26 | — | — | ||
| 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 | — |
总债务NETTCBI
| Q1 26 | — | $878.3M | ||
| Q4 25 | — | $620.6M | ||
| Q3 25 | — | $620.4M | ||
| Q2 25 | — | $620.3M | ||
| Q1 25 | — | $660.5M | ||
| Q4 24 | — | $660.3M | ||
| Q3 24 | — | $660.2M | ||
| Q2 24 | — | $660.0M |
股东权益NETTCBI
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.5B | $3.6B | ||
| Q3 25 | $1.3B | $3.6B | ||
| Q2 25 | $1.2B | $3.5B | ||
| Q1 25 | $1.4B | $3.4B | ||
| Q4 24 | $1.0B | $3.4B | ||
| Q3 24 | $973.1M | $3.4B | ||
| Q2 24 | $881.5M | $3.2B |
总资产NETTCBI
| Q1 26 | — | $33.5B | ||
| Q4 25 | $6.0B | $31.5B | ||
| Q3 25 | $5.8B | $32.5B | ||
| Q2 25 | $5.6B | $31.9B | ||
| Q1 25 | $3.7B | $31.4B | ||
| Q4 24 | $3.3B | $30.7B | ||
| Q3 24 | $3.1B | $31.6B | ||
| Q2 24 | $2.9B | $29.9B |
负债/权益比NETTCBI
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.21× |
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NETTCBI
| Q1 26 | — | — | ||
| Q4 25 | $190.4M | $360.2M | ||
| Q3 25 | $167.1M | $166.3M | ||
| Q2 25 | $99.8M | $63.0M | ||
| Q1 25 | $145.8M | $368.0K | ||
| Q4 24 | $127.3M | $480.1M | ||
| Q3 24 | $104.7M | $332.8M | ||
| Q2 24 | $74.8M | $33.3M |
自由现金流NETTCBI
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $347.6M | ||
| Q3 25 | $82.5M | $161.3M | ||
| Q2 25 | $39.9M | $57.5M | ||
| Q1 25 | $59.9M | $-2.0M | ||
| Q4 24 | $54.2M | $415.2M | ||
| Q3 24 | $54.5M | $317.6M | ||
| Q2 24 | $45.2M | $11.1M |
自由现金流率NETTCBI
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 106.1% | ||
| Q3 25 | 14.7% | 47.4% | ||
| Q2 25 | 7.8% | 18.7% | ||
| Q1 25 | 12.5% | -0.7% | ||
| Q4 24 | 11.8% | 180.9% | ||
| Q3 24 | 12.7% | 253.4% | ||
| Q2 24 | 11.3% | 4.1% |
资本支出强度NETTCBI
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 3.8% | ||
| Q3 25 | 15.1% | 1.5% | ||
| Q2 25 | 11.7% | 1.8% | ||
| Q1 25 | 17.9% | 0.9% | ||
| Q4 24 | 15.9% | 28.2% | ||
| Q3 24 | 11.7% | 12.1% | ||
| Q2 24 | 7.4% | 8.3% |
现金转化率NETTCBI
| Q1 26 | — | — | ||
| Q4 25 | — | 3.58× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 6.76× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.80× |
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% |
TCBI
暂无分部数据
