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Cloudflare, Inc.（NET）与TTEC Holdings, Inc.（TTEC）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TTEC Holdings, Inc.的1.1倍（$614.5M vs $570.0M），Cloudflare, Inc.净利率更高（-2.0% vs -29.9%，领先28.0%），Cloudflare, Inc.同比增速更快（33.6% vs 0.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-9.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -0.6%）
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。
TTEC Holdings, Inc.是一家提供客户体验技术与服务的美国企业，总部运营中心位于得克萨斯州奥斯汀，专注为各行业客户打造全链路客户体验解决方案，凭借专业技术与服务能力深耕全球客户体验服务领域多年。
NET vs TTEC — 直观对比
营收规模更大
NET
是对方的1.1倍
$570.0M
营收增速更快
NET
高出33.2%
0.4%
净利率更高
NET
高出28.0%
-29.9%
自由现金流更多
NET
多$114.4M
$-9.2M
两年增速更快
NET
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $570.0M |
| 净利润 | $-12.1M | $-170.5M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | -30.3% |
| 净利率 | -2.0% | -29.9% |
| 营收同比 | 33.6% | 0.4% |
| 净利润同比 | 6.0% | -3791.9% |
| 每股收益（稀释后） | $-0.03 | $-3.57 |
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NETTTEC
| Q4 25 | $614.5M | $570.0M | ||
| Q3 25 | $562.0M | $519.1M | ||
| Q2 25 | $512.3M | $513.6M | ||
| Q1 25 | $479.1M | $534.2M | ||
| Q4 24 | $459.9M | $567.4M | ||
| Q3 24 | $430.1M | $529.4M | ||
| Q2 24 | $401.0M | $534.1M | ||
| Q1 24 | $378.6M | $576.6M |
净利润NETTTEC
| Q4 25 | $-12.1M | $-170.5M | ||
| Q3 25 | $-1.3M | $-13.4M | ||
| Q2 25 | $-50.4M | $-8.0M | ||
| Q1 25 | $-38.5M | $1.4M | ||
| Q4 24 | $-12.8M | $4.6M | ||
| Q3 24 | $-15.3M | $-21.1M | ||
| Q2 24 | $-15.1M | $-299.5M | ||
| Q1 24 | $-35.5M | $-2.3M |
毛利率NETTTEC
| 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NETTTEC
| Q4 25 | -8.0% | -30.3% | ||
| Q3 25 | -6.7% | 2.4% | ||
| Q2 25 | -13.1% | 3.7% | ||
| Q1 25 | -11.1% | 4.5% | ||
| Q4 24 | -7.5% | 2.7% | ||
| Q3 24 | -7.2% | 2.4% | ||
| Q2 24 | -8.7% | -42.0% | ||
| Q1 24 | -14.4% | 3.9% |
净利率NETTTEC
| Q4 25 | -2.0% | -29.9% | ||
| Q3 25 | -0.2% | -2.6% | ||
| Q2 25 | -9.8% | -1.6% | ||
| Q1 25 | -8.0% | 0.3% | ||
| Q4 24 | -2.8% | 0.8% | ||
| Q3 24 | -3.6% | -4.0% | ||
| Q2 24 | -3.8% | -56.1% | ||
| Q1 24 | -9.4% | -0.4% |
每股收益（稀释后）NETTTEC
| Q4 25 | $-0.03 | $-3.57 | ||
| Q3 25 | $0.00 | $-0.28 | ||
| Q2 25 | $-0.15 | $-0.17 | ||
| Q1 25 | $-0.11 | $0.03 | ||
| Q4 24 | $-0.05 | $0.05 | ||
| Q3 24 | $-0.04 | $-0.44 | ||
| Q2 24 | $-0.04 | $-6.30 | ||
| Q1 24 | $-0.10 | $-0.05 |
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 | $82.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $112.9M |
| 总资产 | $6.0B | $1.5B |
| 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NETTTEC
| Q4 25 | $943.5M | $82.9M | ||
| Q3 25 | $1.1B | $73.5M | ||
| Q2 25 | $1.5B | $82.6M | ||
| Q1 25 | $204.5M | $85.1M | ||
| Q4 24 | $147.7M | $85.0M | ||
| Q3 24 | $182.9M | $96.9M | ||
| Q2 24 | $157.0M | $79.8M | ||
| Q1 24 | $254.4M | $91.5M |
股东权益NETTTEC
| Q4 25 | $1.5B | $112.9M | ||
| Q3 25 | $1.3B | $280.8M | ||
| Q2 25 | $1.2B | $295.2M | ||
| Q1 25 | $1.4B | $281.5M | ||
| Q4 24 | $1.0B | $268.1M | ||
| Q3 24 | $973.1M | $295.1M | ||
| Q2 24 | $881.5M | $304.2M | ||
| Q1 24 | $797.2M | $612.4M |
总资产NETTTEC
| Q4 25 | $6.0B | $1.5B | ||
| Q3 25 | $5.8B | $1.7B | ||
| Q2 25 | $5.6B | $1.7B | ||
| Q1 25 | $3.7B | $1.7B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $2.9B | $1.8B | ||
| Q1 24 | $2.8B | $2.1B |
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 | $2.6M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $-9.2M |
| 自由现金流率自由现金流/营收 | 17.1% | -1.6% |
| 资本支出强度资本支出/营收 | 13.9% | 2.1% |
| 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 | $83.0M |
8季度趋势，按日历期对齐
经营现金流NETTTEC
| Q4 25 | $190.4M | $2.6M | ||
| Q3 25 | $167.1M | $4.2M | ||
| Q2 25 | $99.8M | $92.7M | ||
| Q1 25 | $145.8M | $21.6M | ||
| Q4 24 | $127.3M | $-1.1M | ||
| Q3 24 | $104.7M | $-91.4M | ||
| Q2 24 | $74.8M | $49.3M | ||
| Q1 24 | $73.6M | $-15.6M |
自由现金流NETTTEC
| Q4 25 | $105.2M | $-9.2M | ||
| Q3 25 | $82.5M | $-9.6M | ||
| Q2 25 | $39.9M | $85.5M | ||
| Q1 25 | $59.9M | $16.2M | ||
| Q4 24 | $54.2M | $-9.8M | ||
| Q3 24 | $54.5M | $-100.2M | ||
| Q2 24 | $45.2M | $35.1M | ||
| Q1 24 | $41.5M | $-29.1M |
自由现金流率NETTTEC
| Q4 25 | 17.1% | -1.6% | ||
| Q3 25 | 14.7% | -1.8% | ||
| Q2 25 | 7.8% | 16.7% | ||
| Q1 25 | 12.5% | 3.0% | ||
| Q4 24 | 11.8% | -1.7% | ||
| Q3 24 | 12.7% | -18.9% | ||
| Q2 24 | 11.3% | 6.6% | ||
| Q1 24 | 11.0% | -5.0% |
资本支出强度NETTTEC
| Q4 25 | 13.9% | 2.1% | ||
| Q3 25 | 15.1% | 2.7% | ||
| Q2 25 | 11.7% | 1.4% | ||
| Q1 25 | 17.9% | 1.0% | ||
| Q4 24 | 15.9% | 1.5% | ||
| Q3 24 | 11.7% | 1.7% | ||
| Q2 24 | 7.4% | 2.7% | ||
| Q1 24 | 8.5% | 2.3% |
现金转化率NETTTEC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 15.60× | ||
| Q4 24 | — | -0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
TTEC
| Ttec Engage | $444.5M | 78% |
| Ttec Digital | $125.5M | 22% |
