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Cloudflare, Inc.（NET）与TIDEWATER INC（TDW）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TIDEWATER INC的1.8倍（$614.5M vs $336.8M），TIDEWATER INC净利率更高（65.3% vs -2.0%，领先67.3%），Cloudflare, Inc.同比增速更快（33.6% vs -2.4%），TIDEWATER INC自由现金流更多（$147.8M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 2.4%）
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。
Tidewater Inc.是一家公开上市的国际石油服务企业，总部位于美国得克萨斯州休斯敦。公司运营专业船舶船队，主要为海上油气、海上风电行业提供船舶租赁及相关海事服务，是全球海洋能源服务领域的重要参与者。
NET vs TDW — 直观对比
营收规模更大
NET
是对方的1.8倍
$336.8M
营收增速更快
NET
高出36.0%
-2.4%
净利率更高
TDW
高出67.3%
-2.0%
自由现金流更多
TDW
多$42.6M
$105.2M
两年增速更快
NET
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $336.8M |
| 净利润 | $-12.1M | $219.9M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 19.0% |
| 净利率 | -2.0% | 65.3% |
| 营收同比 | 33.6% | -2.4% |
| 净利润同比 | 6.0% | 495.8% |
| 每股收益（稀释后） | $-0.03 | $4.37 |
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NETTDW
| Q4 25 | $614.5M | $336.8M | ||
| Q3 25 | $562.0M | $341.1M | ||
| Q2 25 | $512.3M | $341.4M | ||
| Q1 25 | $479.1M | $333.4M | ||
| Q4 24 | $459.9M | $345.1M | ||
| Q3 24 | $430.1M | $340.4M | ||
| Q2 24 | $401.0M | $339.2M | ||
| Q1 24 | $378.6M | $321.2M |
净利润NETTDW
| Q4 25 | $-12.1M | $219.9M | ||
| Q3 25 | $-1.3M | $-806.0K | ||
| Q2 25 | $-50.4M | $72.9M | ||
| Q1 25 | $-38.5M | $42.7M | ||
| Q4 24 | $-12.8M | $36.9M | ||
| Q3 24 | $-15.3M | $46.4M | ||
| Q2 24 | $-15.1M | $50.4M | ||
| Q1 24 | $-35.5M | $47.0M |
毛利率NETTDW
| 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NETTDW
| Q4 25 | -8.0% | 19.0% | ||
| Q3 25 | -6.7% | 18.4% | ||
| Q2 25 | -13.1% | 23.7% | ||
| Q1 25 | -11.1% | 22.5% | ||
| Q4 24 | -7.5% | 23.6% | ||
| Q3 24 | -7.2% | 20.6% | ||
| Q2 24 | -8.7% | 23.0% | ||
| Q1 24 | -14.4% | 25.5% |
净利率NETTDW
| Q4 25 | -2.0% | 65.3% | ||
| Q3 25 | -0.2% | -0.2% | ||
| Q2 25 | -9.8% | 21.4% | ||
| Q1 25 | -8.0% | 12.8% | ||
| Q4 24 | -2.8% | 10.7% | ||
| Q3 24 | -3.6% | 13.6% | ||
| Q2 24 | -3.8% | 14.8% | ||
| Q1 24 | -9.4% | 14.6% |
每股收益（稀释后）NETTDW
| Q4 25 | $-0.03 | $4.37 | ||
| Q3 25 | $0.00 | $-0.02 | ||
| Q2 25 | $-0.15 | $1.46 | ||
| Q1 25 | $-0.11 | $0.83 | ||
| Q4 24 | $-0.05 | $0.70 | ||
| Q3 24 | $-0.04 | $0.87 | ||
| Q2 24 | $-0.04 | $0.94 | ||
| Q1 24 | $-0.10 | $0.89 |
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 | $578.8M |
| 总债务越低越好 | — | $670.1M |
| 股东权益账面价值 | $1.5B | $1.4B |
| 总资产 | $6.0B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资NETTDW
| Q4 25 | $943.5M | $578.8M | ||
| Q3 25 | $1.1B | $428.2M | ||
| Q2 25 | $1.5B | $369.4M | ||
| Q1 25 | $204.5M | $341.8M | ||
| Q4 24 | $147.7M | $324.9M | ||
| Q3 24 | $182.9M | $280.8M | ||
| Q2 24 | $157.0M | $315.9M | ||
| Q1 24 | $254.4M | $280.9M |
总债务NETTDW
| Q4 25 | — | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETTDW
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $973.1M | $1.1B | ||
| Q2 24 | $881.5M | $1.1B | ||
| Q1 24 | $797.2M | $1.1B |
总资产NETTDW
| Q4 25 | $6.0B | $2.4B | ||
| Q3 25 | $5.8B | $2.1B | ||
| Q2 25 | $5.6B | $2.1B | ||
| Q1 25 | $3.7B | $2.1B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $2.9B | $2.1B | ||
| Q1 24 | $2.8B | $2.1B |
负债/权益比NETTDW
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| 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 | $153.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $147.8M |
| 自由现金流率自由现金流/营收 | 17.1% | 43.9% |
| 资本支出强度资本支出/营收 | 13.9% | 1.5% |
| 现金转化率经营现金流/净利润 | — | 0.70× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $353.3M |
8季度趋势，按日历期对齐
经营现金流NETTDW
| Q4 25 | $190.4M | $153.0M | ||
| Q3 25 | $167.1M | $54.7M | ||
| Q2 25 | $99.8M | $85.4M | ||
| Q1 25 | $145.8M | $86.0M | ||
| Q4 24 | $127.3M | $100.0M | ||
| Q3 24 | $104.7M | $49.0M | ||
| Q2 24 | $74.8M | $78.6M | ||
| Q1 24 | $73.6M | $54.8M |
自由现金流NETTDW
| Q4 25 | $105.2M | $147.8M | ||
| Q3 25 | $82.5M | $49.6M | ||
| Q2 25 | $39.9M | $80.2M | ||
| Q1 25 | $59.9M | $75.7M | ||
| Q4 24 | $54.2M | $95.5M | ||
| Q3 24 | $54.5M | $43.3M | ||
| Q2 24 | $45.2M | $72.3M | ||
| Q1 24 | $41.5M | $43.8M |
自由现金流率NETTDW
| Q4 25 | 17.1% | 43.9% | ||
| Q3 25 | 14.7% | 14.5% | ||
| Q2 25 | 7.8% | 23.5% | ||
| Q1 25 | 12.5% | 22.7% | ||
| Q4 24 | 11.8% | 27.7% | ||
| Q3 24 | 12.7% | 12.7% | ||
| Q2 24 | 11.3% | 21.3% | ||
| Q1 24 | 11.0% | 13.6% |
资本支出强度NETTDW
| Q4 25 | 13.9% | 1.5% | ||
| Q3 25 | 15.1% | 1.5% | ||
| Q2 25 | 11.7% | 1.5% | ||
| Q1 25 | 17.9% | 3.1% | ||
| Q4 24 | 15.9% | 1.3% | ||
| Q3 24 | 11.7% | 1.7% | ||
| Q2 24 | 7.4% | 1.9% | ||
| Q1 24 | 8.5% | 3.4% |
现金转化率NETTDW
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 1.56× | ||
| Q1 24 | — | 1.16× |
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% |
TDW
暂无分部数据
