vs
Cloudflare, Inc.（NET）与Tri Pointe Homes, Inc.（TPH）财务数据对比。点击上方公司名可切换其他公司
Tri Pointe Homes, Inc.的季度营收约是Cloudflare, Inc.的1.6倍（$972.6M vs $614.5M），Tri Pointe Homes, Inc.净利率更高（6.2% vs -2.0%，领先8.2%），Cloudflare, Inc.同比增速更快（33.6% vs -22.4%），Tri Pointe Homes, Inc.自由现金流更多（$213.2M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 1.8%）
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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
NET vs TPH — 直观对比
营收规模更大
TPH
是对方的1.6倍
$614.5M
营收增速更快
NET
高出56.0%
-22.4%
净利率更高
TPH
高出8.2%
-2.0%
自由现金流更多
TPH
多$108.0M
$105.2M
两年增速更快
NET
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $972.6M |
| 净利润 | $-12.1M | $60.2M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 8.1% |
| 净利率 | -2.0% | 6.2% |
| 营收同比 | 33.6% | -22.4% |
| 净利润同比 | 6.0% | -53.4% |
| 每股收益（稀释后） | $-0.03 | $0.70 |
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NETTPH
| Q4 25 | $614.5M | $972.6M | ||
| Q3 25 | $562.0M | $854.7M | ||
| Q2 25 | $512.3M | $902.4M | ||
| Q1 25 | $479.1M | $740.9M | ||
| Q4 24 | $459.9M | $1.3B | ||
| Q3 24 | $430.1M | $1.1B | ||
| Q2 24 | $401.0M | $1.2B | ||
| Q1 24 | $378.6M | $939.4M |
净利润NETTPH
| Q4 25 | $-12.1M | $60.2M | ||
| Q3 25 | $-1.3M | $56.1M | ||
| Q2 25 | $-50.4M | $60.7M | ||
| Q1 25 | $-38.5M | $64.0M | ||
| Q4 24 | $-12.8M | $129.2M | ||
| Q3 24 | $-15.3M | $111.8M | ||
| Q2 24 | $-15.1M | $118.0M | ||
| Q1 24 | $-35.5M | $99.1M |
毛利率NETTPH
| 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NETTPH
| Q4 25 | -8.0% | 8.1% | ||
| Q3 25 | -6.7% | 8.1% | ||
| Q2 25 | -13.1% | 8.5% | ||
| Q1 25 | -11.1% | 10.4% | ||
| Q4 24 | -7.5% | 13.4% | ||
| Q3 24 | -7.2% | 12.6% | ||
| Q2 24 | -8.7% | 12.9% | ||
| Q1 24 | -14.4% | 12.3% |
净利率NETTPH
| Q4 25 | -2.0% | 6.2% | ||
| Q3 25 | -0.2% | 6.6% | ||
| Q2 25 | -9.8% | 6.7% | ||
| Q1 25 | -8.0% | 8.6% | ||
| Q4 24 | -2.8% | 10.3% | ||
| Q3 24 | -3.6% | 9.8% | ||
| Q2 24 | -3.8% | 10.2% | ||
| Q1 24 | -9.4% | 10.5% |
每股收益（稀释后）NETTPH
| Q4 25 | $-0.03 | $0.70 | ||
| Q3 25 | $0.00 | $0.64 | ||
| Q2 25 | $-0.15 | $0.68 | ||
| Q1 25 | $-0.11 | $0.70 | ||
| Q4 24 | $-0.05 | $1.37 | ||
| Q3 24 | $-0.04 | $1.18 | ||
| Q2 24 | $-0.04 | $1.25 | ||
| Q1 24 | $-0.10 | $1.03 |
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 | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $3.3B |
| 总资产 | $6.0B | $5.0B |
| 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NETTPH
| Q4 25 | $943.5M | $982.8M | ||
| Q3 25 | $1.1B | $792.0M | ||
| Q2 25 | $1.5B | $622.6M | ||
| Q1 25 | $204.5M | $812.9M | ||
| Q4 24 | $147.7M | $970.0M | ||
| Q3 24 | $182.9M | $676.0M | ||
| Q2 24 | $157.0M | $492.9M | ||
| Q1 24 | $254.4M | $944.0M |
总债务NETTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETTPH
| Q4 25 | $1.5B | $3.3B | ||
| Q3 25 | $1.3B | $3.3B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.4B | $3.3B | ||
| Q4 24 | $1.0B | $3.3B | ||
| Q3 24 | $973.1M | $3.2B | ||
| Q2 24 | $881.5M | $3.1B | ||
| Q1 24 | $797.2M | $3.0B |
总资产NETTPH
| Q4 25 | $6.0B | $5.0B | ||
| Q3 25 | $5.8B | $5.0B | ||
| Q2 25 | $5.6B | $4.8B | ||
| Q1 25 | $3.7B | $4.8B | ||
| Q4 24 | $3.3B | $4.9B | ||
| Q3 24 | $3.1B | $4.8B | ||
| Q2 24 | $2.9B | $4.6B | ||
| Q1 24 | $2.8B | $5.0B |
负债/权益比NETTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| 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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $213.2M |
| 自由现金流率自由现金流/营收 | 17.1% | 21.9% |
| 资本支出强度资本支出/营收 | 13.9% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 3.67× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $128.5M |
8季度趋势，按日历期对齐
经营现金流NETTPH
| Q4 25 | $190.4M | $221.0M | ||
| Q3 25 | $167.1M | $45.9M | ||
| Q2 25 | $99.8M | $-74.3M | ||
| Q1 25 | $145.8M | $-31.2M | ||
| Q4 24 | $127.3M | $360.3M | ||
| Q3 24 | $104.7M | $167.9M | ||
| Q2 24 | $74.8M | $23.1M | ||
| Q1 24 | $73.6M | $144.7M |
自由现金流NETTPH
| Q4 25 | $105.2M | $213.2M | ||
| Q3 25 | $82.5M | $39.1M | ||
| Q2 25 | $39.9M | $-84.5M | ||
| Q1 25 | $59.9M | $-39.3M | ||
| Q4 24 | $54.2M | $355.9M | ||
| Q3 24 | $54.5M | $161.5M | ||
| Q2 24 | $45.2M | $17.0M | ||
| Q1 24 | $41.5M | $138.3M |
自由现金流率NETTPH
| Q4 25 | 17.1% | 21.9% | ||
| Q3 25 | 14.7% | 4.6% | ||
| Q2 25 | 7.8% | -9.4% | ||
| Q1 25 | 12.5% | -5.3% | ||
| Q4 24 | 11.8% | 28.4% | ||
| Q3 24 | 12.7% | 14.1% | ||
| Q2 24 | 11.3% | 1.5% | ||
| Q1 24 | 11.0% | 14.7% |
资本支出强度NETTPH
| Q4 25 | 13.9% | 0.8% | ||
| Q3 25 | 15.1% | 0.8% | ||
| Q2 25 | 11.7% | 1.1% | ||
| Q1 25 | 17.9% | 1.1% | ||
| Q4 24 | 15.9% | 0.3% | ||
| Q3 24 | 11.7% | 0.6% | ||
| Q2 24 | 7.4% | 0.5% | ||
| Q1 24 | 8.5% | 0.7% |
现金转化率NETTPH
| Q4 25 | — | 3.67× | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | -1.22× | ||
| Q1 25 | — | -0.49× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 1.46× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
