vs
Cloudflare, Inc.（NET）与Titan Machinery Inc.（TITN）财务数据对比。点击上方公司名可切换其他公司
Titan Machinery Inc.的季度营收约是Cloudflare, Inc.的1.0倍（$644.5M vs $614.5M），Titan Machinery Inc.净利率更高（0.2% vs -2.0%，领先2.2%），Cloudflare, Inc.同比增速更快（33.6% vs -5.2%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -13.0%）
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。
泰坦机械是全球规模领先的农业与工程机械设备经销商，也是凯斯纽荷兰工业品牌最大的经销商之一，总部位于北达科他州西法戈，经营网点遍布美国中西部、澳大利亚、奥地利、保加利亚、德国、罗马尼亚及乌克兰，目前在纳斯达克挂牌上市，2023年总营收达22.09亿美元。
NET vs TITN — 直观对比
营收规模更大
TITN
是对方的1.0倍
$614.5M
营收增速更快
NET
高出38.8%
-5.2%
净利率更高
TITN
高出2.2%
-2.0%
两年增速更快
NET
近两年复合增速
-13.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $644.5M |
| 净利润 | $-12.1M | $1.2M |
| 毛利率 | 73.6% | 17.2% |
| 营业利润率 | -8.0% | 1.6% |
| 净利率 | -2.0% | 0.2% |
| 营收同比 | 33.6% | -5.2% |
| 净利润同比 | 6.0% | -30.1% |
| 每股收益（稀释后） | $-0.03 | $0.05 |
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NETTITN
| Q4 25 | $614.5M | $644.5M | ||
| Q3 25 | $562.0M | $546.4M | ||
| Q2 25 | $512.3M | $594.3M | ||
| Q1 25 | $479.1M | $759.9M | ||
| Q4 24 | $459.9M | $679.8M | ||
| Q3 24 | $430.1M | $633.7M | ||
| Q2 24 | $401.0M | $628.7M | ||
| Q1 24 | $378.6M | $852.1M |
净利润NETTITN
| Q4 25 | $-12.1M | $1.2M | ||
| Q3 25 | $-1.3M | $-6.0M | ||
| Q2 25 | $-50.4M | $-13.2M | ||
| Q1 25 | $-38.5M | $-43.8M | ||
| Q4 24 | $-12.8M | $1.7M | ||
| Q3 24 | $-15.3M | $-4.3M | ||
| Q2 24 | $-15.1M | $9.4M | ||
| Q1 24 | $-35.5M | $24.0M |
毛利率NETTITN
| Q4 25 | 73.6% | 17.2% | ||
| Q3 25 | 74.0% | 17.1% | ||
| Q2 25 | 74.9% | 15.3% | ||
| Q1 25 | 75.9% | 6.7% | ||
| Q4 24 | 76.4% | 16.3% | ||
| Q3 24 | 77.7% | 17.7% | ||
| Q2 24 | 77.8% | 19.4% | ||
| Q1 24 | 77.5% | 16.6% |
营业利润率NETTITN
| Q4 25 | -8.0% | 1.6% | ||
| Q3 25 | -6.7% | 0.1% | ||
| Q2 25 | -13.1% | -1.0% | ||
| Q1 25 | -11.1% | -6.0% | ||
| Q4 24 | -7.5% | 1.7% | ||
| Q3 24 | -7.2% | 2.5% | ||
| Q2 24 | -8.7% | 3.6% | ||
| Q1 24 | -14.4% | 4.8% |
净利率NETTITN
| Q4 25 | -2.0% | 0.2% | ||
| Q3 25 | -0.2% | -1.1% | ||
| Q2 25 | -9.8% | -2.2% | ||
| Q1 25 | -8.0% | -5.8% | ||
| Q4 24 | -2.8% | 0.3% | ||
| Q3 24 | -3.6% | -0.7% | ||
| Q2 24 | -3.8% | 1.5% | ||
| Q1 24 | -9.4% | 2.8% |
每股收益（稀释后）NETTITN
| Q4 25 | $-0.03 | $0.05 | ||
| Q3 25 | $0.00 | $-0.26 | ||
| Q2 25 | $-0.15 | $-0.58 | ||
| Q1 25 | $-0.11 | $-1.92 | ||
| Q4 24 | $-0.05 | $0.07 | ||
| Q3 24 | $-0.04 | $-0.19 | ||
| Q2 24 | $-0.04 | $0.41 | ||
| Q1 24 | $-0.10 | $1.04 |
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 | — | $176.6M |
| 股东权益账面价值 | $1.5B | $612.6M |
| 总资产 | $6.0B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资NETTITN
| 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 | — | ||
| Q1 24 | $254.4M | — |
总债务NETTITN
| Q4 25 | — | $176.6M | ||
| Q3 25 | — | $164.5M | ||
| Q2 25 | — | $165.3M | ||
| Q1 25 | — | $168.7M | ||
| Q4 24 | — | $140.6M | ||
| Q3 24 | — | $126.6M | ||
| Q2 24 | — | $119.3M | ||
| Q1 24 | — | $120.1M |
股东权益NETTITN
| Q4 25 | $1.5B | $612.6M | ||
| Q3 25 | $1.3B | $610.3M | ||
| Q2 25 | $1.2B | $605.4M | ||
| Q1 25 | $1.4B | $614.1M | ||
| Q4 24 | $1.0B | $668.2M | ||
| Q3 24 | $973.1M | $659.6M | ||
| Q2 24 | $881.5M | $662.6M | ||
| Q1 24 | $797.2M | $657.6M |
总资产NETTITN
| Q4 25 | $6.0B | $1.8B | ||
| Q3 25 | $5.8B | $1.9B | ||
| Q2 25 | $5.6B | $1.8B | ||
| Q1 25 | $3.7B | $1.8B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $2.9B | $2.1B | ||
| Q1 24 | $2.8B | $2.0B |
负债/权益比NETTITN
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.18× |
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 | $34.0M |
| 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 | — | 28.37× |
| 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NETTITN
| Q4 25 | $190.4M | $34.0M | ||
| Q3 25 | $167.1M | $43.7M | ||
| Q2 25 | $99.8M | $6.2M | ||
| Q1 25 | $145.8M | $126.5M | ||
| Q4 24 | $127.3M | $-8.8M | ||
| Q3 24 | $104.7M | $-15.0M | ||
| Q2 24 | $74.8M | $-32.4M | ||
| Q1 24 | $73.6M | $49.8M |
自由现金流NETTITN
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | — | ||
| Q2 25 | $39.9M | — | ||
| Q1 25 | $59.9M | — | ||
| Q4 24 | $54.2M | — | ||
| Q3 24 | $54.5M | — | ||
| Q2 24 | $45.2M | — | ||
| Q1 24 | $41.5M | — |
自由现金流率NETTITN
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 11.3% | — | ||
| Q1 24 | 11.0% | — |
资本支出强度NETTITN
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 8.5% | — |
现金转化率NETTITN
| Q4 25 | — | 28.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -5.15× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -3.43× | ||
| Q1 24 | — | 2.08× |
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% |
TITN
| Agriculture Segment | $420.9M | 65% |
| Sales Of Parts | $122.3M | 19% |
| Service Sales | $48.9M | 8% |
| Australia_segment | $29.9M | 5% |
| Rental And Other | $13.3M | 2% |
| Rental | $10.3M | 2% |
| Other Revenue | $1.1M | 0% |
