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Cloudflare, Inc.（NET）与Talen Energy Corp（TLN）财务数据对比。点击上方公司名可切换其他公司
Talen Energy Corp的季度营收约是Cloudflare, Inc.的1.2倍（$758.0M vs $614.5M），Cloudflare, Inc.净利率更高（-2.0% vs -47.9%，领先45.9%），Talen Energy Corp同比增速更快（114.7% vs 33.6%），Talen Energy Corp自由现金流更多（$254.0M vs $105.2M），过去两年Talen Energy Corp的营收复合增速更高（35.0% vs 27.4%）
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。
PPL公司是总部位于美国宾夕法尼亚州东部利哈伊谷阿伦敦的能源企业，于纽约证券交易所上市（股票代码：PPL），属标普500指数成分股。截至2022年，公司营收79亿美元，总资产超370亿美元，拥有6500名员工，服务360万客户。
NET vs TLN — 直观对比
营收规模更大
TLN
是对方的1.2倍
$614.5M
营收增速更快
TLN
高出81.1%
33.6%
净利率更高
NET
高出45.9%
-47.9%
自由现金流更多
TLN
多$148.8M
$105.2M
两年增速更快
TLN
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $758.0M |
| 净利润 | $-12.1M | $-363.0M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | -41.3% |
| 净利率 | -2.0% | -47.9% |
| 营收同比 | 33.6% | 114.7% |
| 净利润同比 | 6.0% | -542.7% |
| 每股收益（稀释后） | $-0.03 | $-7.60 |
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NETTLN
| Q4 25 | $614.5M | $758.0M | ||
| Q3 25 | $562.0M | $697.0M | ||
| Q2 25 | $512.3M | $409.0M | ||
| Q1 25 | $479.1M | $654.0M | ||
| Q4 24 | $459.9M | $353.0M | ||
| Q3 24 | $430.1M | $459.0M | ||
| Q2 24 | $401.0M | $346.0M | ||
| Q1 24 | $378.6M | $416.0M |
净利润NETTLN
| Q4 25 | $-12.1M | $-363.0M | ||
| Q3 25 | $-1.3M | $207.0M | ||
| Q2 25 | $-50.4M | $72.0M | ||
| Q1 25 | $-38.5M | $-135.0M | ||
| Q4 24 | $-12.8M | $82.0M | ||
| Q3 24 | $-15.3M | $168.0M | ||
| Q2 24 | $-15.1M | $454.0M | ||
| Q1 24 | $-35.5M | $294.0M |
毛利率NETTLN
| 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NETTLN
| Q4 25 | -8.0% | -41.3% | ||
| Q3 25 | -6.7% | 37.7% | ||
| Q2 25 | -13.1% | 16.1% | ||
| Q1 25 | -11.1% | -16.2% | ||
| Q4 24 | -7.5% | 4.5% | ||
| Q3 24 | -7.2% | 34.4% | ||
| Q2 24 | -8.7% | 7.8% | ||
| Q1 24 | -14.4% | 6.0% |
净利率NETTLN
| Q4 25 | -2.0% | -47.9% | ||
| Q3 25 | -0.2% | 29.7% | ||
| Q2 25 | -9.8% | 17.6% | ||
| Q1 25 | -8.0% | -20.6% | ||
| Q4 24 | -2.8% | 23.2% | ||
| Q3 24 | -3.6% | 36.6% | ||
| Q2 24 | -3.8% | 131.2% | ||
| Q1 24 | -9.4% | 70.7% |
每股收益（稀释后）NETTLN
| Q4 25 | $-0.03 | $-7.60 | ||
| Q3 25 | $0.00 | $4.25 | ||
| Q2 25 | $-0.15 | $1.50 | ||
| Q1 25 | $-0.11 | $-2.94 | ||
| Q4 24 | $-0.05 | $2.07 | ||
| Q3 24 | $-0.04 | $3.16 | ||
| Q2 24 | $-0.04 | $7.60 | ||
| Q1 24 | $-0.10 | $4.84 |
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 | $689.0M |
| 总债务越低越好 | — | $6.8B |
| 股东权益账面价值 | $1.5B | $1.1B |
| 总资产 | $6.0B | $10.9B |
| 负债/权益比越低杠杆越低 | — | 6.23× |
8季度趋势，按日历期对齐
现金及短期投资NETTLN
| Q4 25 | $943.5M | $689.0M | ||
| Q3 25 | $1.1B | $497.0M | ||
| Q2 25 | $1.5B | $122.0M | ||
| Q1 25 | $204.5M | $295.0M | ||
| Q4 24 | $147.7M | $328.0M | ||
| Q3 24 | $182.9M | $648.0M | ||
| Q2 24 | $157.0M | $632.0M | ||
| Q1 24 | $254.4M | — |
总债务NETTLN
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | — |
股东权益NETTLN
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $973.1M | $2.4B | ||
| Q2 24 | $881.5M | $2.5B | ||
| Q1 24 | $797.2M | $2.8B |
总资产NETTLN
| Q4 25 | $6.0B | $10.9B | ||
| Q3 25 | $5.8B | $6.1B | ||
| Q2 25 | $5.6B | $5.8B | ||
| Q1 25 | $3.7B | $5.9B | ||
| Q4 24 | $3.3B | $6.1B | ||
| Q3 24 | $3.1B | $6.8B | ||
| Q2 24 | $2.9B | $7.1B | ||
| Q1 24 | $2.8B | — |
负债/权益比NETTLN
| Q4 25 | — | 6.23× | ||
| Q3 25 | — | 2.03× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 2.54× | ||
| Q4 24 | — | 2.17× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 1.05× | ||
| 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 | $280.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $254.0M |
| 自由现金流率自由现金流/营收 | 17.1% | 33.5% |
| 资本支出强度资本支出/营收 | 13.9% | 3.4% |
| 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 | $606.0M |
8季度趋势，按日历期对齐
经营现金流NETTLN
| Q4 25 | $190.4M | $280.0M | ||
| Q3 25 | $167.1M | $489.0M | ||
| Q2 25 | $99.8M | $-184.0M | ||
| Q1 25 | $145.8M | $119.0M | ||
| Q4 24 | $127.3M | — | ||
| Q3 24 | $104.7M | $96.0M | ||
| Q2 24 | $74.8M | $-23.0M | ||
| Q1 24 | $73.6M | $173.0M |
自由现金流NETTLN
| Q4 25 | $105.2M | $254.0M | ||
| Q3 25 | $82.5M | $468.0M | ||
| Q2 25 | $39.9M | $-217.0M | ||
| Q1 25 | $59.9M | $101.0M | ||
| Q4 24 | $54.2M | — | ||
| Q3 24 | $54.5M | $83.0M | ||
| Q2 24 | $45.2M | $-43.0M | ||
| Q1 24 | $41.5M | $148.0M |
自由现金流率NETTLN
| Q4 25 | 17.1% | 33.5% | ||
| Q3 25 | 14.7% | 67.1% | ||
| Q2 25 | 7.8% | -53.1% | ||
| Q1 25 | 12.5% | 15.4% | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 12.7% | 18.1% | ||
| Q2 24 | 11.3% | -12.4% | ||
| Q1 24 | 11.0% | 35.6% |
资本支出强度NETTLN
| Q4 25 | 13.9% | 3.4% | ||
| Q3 25 | 15.1% | 3.0% | ||
| Q2 25 | 11.7% | 8.1% | ||
| Q1 25 | 17.9% | 2.8% | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 11.7% | 2.8% | ||
| Q2 24 | 7.4% | 5.8% | ||
| Q1 24 | 8.5% | 6.0% |
现金转化率NETTLN
| Q4 25 | — | — | ||
| Q3 25 | — | 2.36× | ||
| Q2 25 | — | -2.56× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | — | -0.05× | ||
| Q1 24 | — | 0.59× |
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% |
TLN
| Electricity Sales And Ancillary Services | $555.0M | 73% |
| Operating Revenue Capacity | $182.0M | 24% |
| Physical Electricity Sales Bilateral Contracts Other | $21.0M | 3% |
