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Cloudflare, Inc.（NET）与UDR, Inc.（UDR）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UDR, Inc.的1.4倍（$614.5M vs $425.8M），UDR, Inc.净利率更高（44.6% vs -2.0%，领先46.5%），Cloudflare, Inc.同比增速更快（33.6% vs 0.9%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 1.3%）
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。
UDR, Inc. 是一家总部位于美国的领先房地产投资信托基金，专注于持有、运营及翻新优质多户住宅公寓社区，业务覆盖美国主要都市圈，服务租客群体包括年轻职场人、家庭及中高收入住户。
NET vs UDR — 直观对比
营收规模更大
NET
是对方的1.4倍
$425.8M
营收增速更快
NET
高出32.7%
0.9%
净利率更高
UDR
高出46.5%
-2.0%
两年增速更快
NET
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $425.8M |
| 净利润 | $-12.1M | $189.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 54.0% |
| 净利率 | -2.0% | 44.6% |
| 营收同比 | 33.6% | 0.9% |
| 净利润同比 | 6.0% | 147.2% |
| 每股收益（稀释后） | $-0.03 | $0.63 |
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NETUDR
| Q1 26 | — | $425.8M | ||
| Q4 25 | $614.5M | $433.1M | ||
| Q3 25 | $562.0M | $431.9M | ||
| Q2 25 | $512.3M | $425.4M | ||
| Q1 25 | $479.1M | $421.9M | ||
| Q4 24 | $459.9M | $422.7M | ||
| Q3 24 | $430.1M | $420.2M | ||
| Q2 24 | $401.0M | $415.3M |
净利润NETUDR
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-12.1M | $222.9M | ||
| Q3 25 | $-1.3M | $40.4M | ||
| Q2 25 | $-50.4M | $37.7M | ||
| Q1 25 | $-38.5M | $76.7M | ||
| Q4 24 | $-12.8M | $-5.0M | ||
| Q3 24 | $-15.3M | $22.6M | ||
| Q2 24 | $-15.1M | $28.9M |
毛利率NETUDR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率NETUDR
| Q1 26 | — | 54.0% | ||
| Q4 25 | -8.0% | 64.1% | ||
| Q3 25 | -6.7% | 17.7% | ||
| Q2 25 | -13.1% | 18.2% | ||
| Q1 25 | -11.1% | 29.0% | ||
| Q4 24 | -7.5% | 15.7% | ||
| Q3 24 | -7.2% | 16.6% | ||
| Q2 24 | -8.7% | 16.5% |
净利率NETUDR
| Q1 26 | — | 44.6% | ||
| Q4 25 | -2.0% | 51.5% | ||
| Q3 25 | -0.2% | 9.4% | ||
| Q2 25 | -9.8% | 8.9% | ||
| Q1 25 | -8.0% | 18.2% | ||
| Q4 24 | -2.8% | -220.5% | ||
| Q3 24 | -3.6% | 5.4% | ||
| Q2 24 | -3.8% | 7.0% |
每股收益（稀释后）NETUDR
| Q1 26 | — | $0.63 | ||
| Q4 25 | $-0.03 | $0.67 | ||
| Q3 25 | $0.00 | $0.12 | ||
| Q2 25 | $-0.15 | $0.11 | ||
| Q1 25 | $-0.11 | $0.23 | ||
| Q4 24 | $-0.05 | $-0.01 | ||
| Q3 24 | $-0.04 | $0.06 | ||
| Q2 24 | $-0.04 | $0.08 |
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 | $1.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $3.3B |
| 总资产 | $6.0B | $10.3B |
| 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NETUDR
| Q1 26 | — | $1.3M | ||
| Q4 25 | $943.5M | $1.2M | ||
| Q3 25 | $1.1B | $1.2M | ||
| Q2 25 | $1.5B | $1.5M | ||
| Q1 25 | $204.5M | $1.3M | ||
| Q4 24 | $147.7M | $1.3M | ||
| Q3 24 | $182.9M | $2.3M | ||
| Q2 24 | $157.0M | $2.8M |
总债务NETUDR
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.8B |
股东权益NETUDR
| Q1 26 | — | $3.3B | ||
| 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 | $3.4B | ||
| Q3 24 | $973.1M | $3.5B | ||
| Q2 24 | $881.5M | $3.7B |
总资产NETUDR
| Q1 26 | — | $10.3B | ||
| Q4 25 | $6.0B | $10.6B | ||
| Q3 25 | $5.8B | $10.6B | ||
| Q2 25 | $5.6B | $10.6B | ||
| Q1 25 | $3.7B | $10.7B | ||
| Q4 24 | $3.3B | $10.9B | ||
| Q3 24 | $3.1B | $11.1B | ||
| Q2 24 | $2.9B | $11.1B |
负债/权益比NETUDR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 1.74× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.55× |
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 | — |
| 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% | 4.9% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流NETUDR
| Q1 26 | — | — | ||
| Q4 25 | $190.4M | $902.9M | ||
| Q3 25 | $167.1M | $234.9M | ||
| Q2 25 | $99.8M | $250.3M | ||
| Q1 25 | $145.8M | $156.2M | ||
| Q4 24 | $127.3M | $876.8M | ||
| Q3 24 | $104.7M | $230.3M | ||
| Q2 24 | $74.8M | $238.5M |
自由现金流NETUDR
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $650.0M | ||
| Q3 25 | $82.5M | $164.6M | ||
| Q2 25 | $39.9M | $190.1M | ||
| Q1 25 | $59.9M | $103.2M | ||
| Q4 24 | $54.2M | $627.0M | ||
| Q3 24 | $54.5M | $161.3M | ||
| Q2 24 | $45.2M | $171.1M |
自由现金流率NETUDR
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 150.1% | ||
| Q3 25 | 14.7% | 38.1% | ||
| Q2 25 | 7.8% | 44.7% | ||
| Q1 25 | 12.5% | 24.5% | ||
| Q4 24 | 11.8% | 148.3% | ||
| Q3 24 | 12.7% | 38.4% | ||
| Q2 24 | 11.3% | 41.2% |
资本支出强度NETUDR
| Q1 26 | — | 4.9% | ||
| Q4 25 | 13.9% | 58.4% | ||
| Q3 25 | 15.1% | 16.3% | ||
| Q2 25 | 11.7% | 14.2% | ||
| Q1 25 | 17.9% | 12.6% | ||
| Q4 24 | 15.9% | 59.1% | ||
| Q3 24 | 11.7% | 16.4% | ||
| Q2 24 | 7.4% | 16.2% |
现金转化率NETUDR
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | — | 5.81× | ||
| Q2 25 | — | 6.64× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.19× | ||
| Q2 24 | — | 8.26× |
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% |
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
