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Cloudflare, Inc.（NET）与UNITED BANKSHARES INC（UBSI）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UNITED BANKSHARES INC的1.9倍（$614.5M vs $318.4M），UNITED BANKSHARES INC净利率更高（40.5% vs -2.0%，领先42.4%），Cloudflare, Inc.同比增速更快（33.6% vs 21.6%），UNITED BANKSHARES INC自由现金流更多（$481.2M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 11.8%）
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。
United Bankshares Inc（WV）是总部位于美国西弗吉尼亚州的区域性金融控股集团，主要面向大西洋中部及东南部市场运营，为个人、小微企业及企业客户提供存贷款、财富管理、住房按揭等多元化金融服务。
NET vs UBSI — 直观对比
营收规模更大
NET
是对方的1.9倍
$318.4M
营收增速更快
NET
高出12.0%
21.6%
净利率更高
UBSI
高出42.4%
-2.0%
自由现金流更多
UBSI
多$376.0M
$105.2M
两年增速更快
NET
近两年复合增速
11.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $318.4M |
| 净利润 | $-12.1M | $128.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 50.2% |
| 净利率 | -2.0% | 40.5% |
| 营收同比 | 33.6% | 21.6% |
| 净利润同比 | 6.0% | 36.5% |
| 每股收益（稀释后） | $-0.03 | $0.91 |
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NETUBSI
| Q4 25 | $614.5M | $318.4M | ||
| Q3 25 | $562.0M | $323.3M | ||
| Q2 25 | $512.3M | $306.0M | ||
| Q1 25 | $479.1M | $289.6M | ||
| Q4 24 | $459.9M | $261.9M | ||
| Q3 24 | $430.1M | $262.2M | ||
| Q2 24 | $401.0M | $255.9M | ||
| Q1 24 | $378.6M | $254.7M |
净利润NETUBSI
| Q4 25 | $-12.1M | $128.8M | ||
| Q3 25 | $-1.3M | $130.7M | ||
| Q2 25 | $-50.4M | $120.7M | ||
| Q1 25 | $-38.5M | $84.3M | ||
| Q4 24 | $-12.8M | $94.4M | ||
| Q3 24 | $-15.3M | $95.3M | ||
| Q2 24 | $-15.1M | $96.5M | ||
| Q1 24 | $-35.5M | $86.8M |
毛利率NETUBSI
| 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NETUBSI
| Q4 25 | -8.0% | 50.2% | ||
| Q3 25 | -6.7% | 50.9% | ||
| Q2 25 | -13.1% | 49.7% | ||
| Q1 25 | -11.1% | 36.9% | ||
| Q4 24 | -7.5% | 46.2% | ||
| Q3 24 | -7.2% | 45.7% | ||
| Q2 24 | -8.7% | 45.1% | ||
| Q1 24 | -14.4% | 42.5% |
净利率NETUBSI
| Q4 25 | -2.0% | 40.5% | ||
| Q3 25 | -0.2% | 40.4% | ||
| Q2 25 | -9.8% | 39.5% | ||
| Q1 25 | -8.0% | 29.1% | ||
| Q4 24 | -2.8% | 36.0% | ||
| Q3 24 | -3.6% | 36.3% | ||
| Q2 24 | -3.8% | 37.7% | ||
| Q1 24 | -9.4% | 34.1% |
每股收益（稀释后）NETUBSI
| Q4 25 | $-0.03 | $0.91 | ||
| Q3 25 | $0.00 | $0.92 | ||
| Q2 25 | $-0.15 | $0.85 | ||
| Q1 25 | $-0.11 | $0.59 | ||
| Q4 24 | $-0.05 | $0.70 | ||
| Q3 24 | $-0.04 | $0.70 | ||
| Q2 24 | $-0.04 | $0.71 | ||
| Q1 24 | $-0.10 | $0.64 |
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 | — | $531.8M |
| 股东权益账面价值 | $1.5B | $5.5B |
| 总资产 | $6.0B | $33.7B |
| 负债/权益比越低杠杆越低 | — | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资NETUBSI
| 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NETUBSI
| Q4 25 | — | $531.8M | ||
| Q3 25 | — | $250.0M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $250.0M | ||
| Q4 24 | — | $540.4M | ||
| Q3 24 | — | $260.3M | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.5B |
股东权益NETUBSI
| Q4 25 | $1.5B | $5.5B | ||
| Q3 25 | $1.3B | $5.4B | ||
| Q2 25 | $1.2B | $5.4B | ||
| Q1 25 | $1.4B | $5.3B | ||
| Q4 24 | $1.0B | $5.0B | ||
| Q3 24 | $973.1M | $5.0B | ||
| Q2 24 | $881.5M | $4.9B | ||
| Q1 24 | $797.2M | $4.8B |
总资产NETUBSI
| Q4 25 | $6.0B | $33.7B | ||
| Q3 25 | $5.8B | $33.4B | ||
| Q2 25 | $5.6B | $32.8B | ||
| Q1 25 | $3.7B | $32.8B | ||
| Q4 24 | $3.3B | $30.0B | ||
| Q3 24 | $3.1B | $29.9B | ||
| Q2 24 | $2.9B | $30.0B | ||
| Q1 24 | $2.8B | $30.0B |
负债/权益比NETUBSI
| Q4 25 | — | 0.10× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.30× |
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 | $498.9M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $481.2M |
| 自由现金流率自由现金流/营收 | 17.1% | 151.1% |
| 资本支出强度资本支出/营收 | 13.9% | 5.6% |
| 现金转化率经营现金流/净利润 | — | 3.87× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $828.9M |
8季度趋势，按日历期对齐
经营现金流NETUBSI
| Q4 25 | $190.4M | $498.9M | ||
| Q3 25 | $167.1M | $150.6M | ||
| Q2 25 | $99.8M | $89.4M | ||
| Q1 25 | $145.8M | $120.0M | ||
| Q4 24 | $127.3M | $445.5M | ||
| Q3 24 | $104.7M | $123.6M | ||
| Q2 24 | $74.8M | $61.2M | ||
| Q1 24 | $73.6M | $124.4M |
自由现金流NETUBSI
| Q4 25 | $105.2M | $481.2M | ||
| Q3 25 | $82.5M | $146.4M | ||
| Q2 25 | $39.9M | $85.2M | ||
| Q1 25 | $59.9M | $116.1M | ||
| Q4 24 | $54.2M | $433.3M | ||
| Q3 24 | $54.5M | $122.0M | ||
| Q2 24 | $45.2M | $58.2M | ||
| Q1 24 | $41.5M | $119.6M |
自由现金流率NETUBSI
| Q4 25 | 17.1% | 151.1% | ||
| Q3 25 | 14.7% | 45.3% | ||
| Q2 25 | 7.8% | 27.8% | ||
| Q1 25 | 12.5% | 40.1% | ||
| Q4 24 | 11.8% | 165.4% | ||
| Q3 24 | 12.7% | 46.5% | ||
| Q2 24 | 11.3% | 22.7% | ||
| Q1 24 | 11.0% | 47.0% |
资本支出强度NETUBSI
| Q4 25 | 13.9% | 5.6% | ||
| Q3 25 | 15.1% | 1.3% | ||
| Q2 25 | 11.7% | 1.4% | ||
| Q1 25 | 17.9% | 1.3% | ||
| Q4 24 | 15.9% | 4.6% | ||
| Q3 24 | 11.7% | 0.6% | ||
| Q2 24 | 7.4% | 1.2% | ||
| Q1 24 | 8.5% | 1.9% |
现金转化率NETUBSI
| Q4 25 | — | 3.87× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 0.74× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 4.72× | ||
| Q3 24 | — | 1.30× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 1.43× |
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% |
UBSI
暂无分部数据
