vs
Cloudflare, Inc.（NET）与优利系统（UIS）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是优利系统的1.1倍（$614.5M vs $574.5M），优利系统净利率更高（3.3% vs -2.0%，领先5.2%），Cloudflare, Inc.同比增速更快（33.6% vs 5.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $97.3M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 8.5%）
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。
Unisys Corporation（优利系统）是一家成立于1986年的科技企业，总部位于美国宾夕法尼亚州蓝铃，主要为客户提供云计算、人工智能、数字化办公场域、物流以及企业计算相关服务，在全球企业级科技服务领域拥有多年行业经验。
NET vs UIS — 直观对比
营收规模更大
NET
是对方的1.1倍
$574.5M
营收增速更快
NET
高出28.3%
5.3%
净利率更高
UIS
高出5.2%
-2.0%
自由现金流更多
NET
多$7.9M
$97.3M
两年增速更快
NET
近两年复合增速
8.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $574.5M |
| 净利润 | $-12.1M | $18.7M |
| 毛利率 | 73.6% | 33.9% |
| 营业利润率 | -8.0% | 13.3% |
| 净利率 | -2.0% | 3.3% |
| 营收同比 | 33.6% | 5.3% |
| 净利润同比 | 6.0% | -37.7% |
| 每股收益（稀释后） | $-0.03 | $0.24 |
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NETUIS
| Q4 25 | $614.5M | $574.5M | ||
| Q3 25 | $562.0M | $460.2M | ||
| Q2 25 | $512.3M | $483.3M | ||
| Q1 25 | $479.1M | $432.1M | ||
| Q4 24 | $459.9M | $545.4M | ||
| Q3 24 | $430.1M | $497.0M | ||
| Q2 24 | $401.0M | $478.2M | ||
| Q1 24 | $378.6M | $487.8M |
净利润NETUIS
| Q4 25 | $-12.1M | $18.7M | ||
| Q3 25 | $-1.3M | $-308.9M | ||
| Q2 25 | $-50.4M | $-20.1M | ||
| Q1 25 | $-38.5M | $-29.5M | ||
| Q4 24 | $-12.8M | $30.0M | ||
| Q3 24 | $-15.3M | $-61.9M | ||
| Q2 24 | $-15.1M | $-12.0M | ||
| Q1 24 | $-35.5M | $-149.5M |
毛利率NETUIS
| Q4 25 | 73.6% | 33.9% | ||
| Q3 25 | 74.0% | 25.5% | ||
| Q2 25 | 74.9% | 26.9% | ||
| Q1 25 | 75.9% | 24.9% | ||
| Q4 24 | 76.4% | 32.1% | ||
| Q3 24 | 77.7% | 29.2% | ||
| Q2 24 | 77.8% | 27.2% | ||
| Q1 24 | 77.5% | 27.9% |
营业利润率NETUIS
| Q4 25 | -8.0% | 13.3% | ||
| Q3 25 | -6.7% | -7.3% | ||
| Q2 25 | -13.1% | 6.3% | ||
| Q1 25 | -11.1% | 1.2% | ||
| Q4 24 | -7.5% | 8.9% | ||
| Q3 24 | -7.2% | 1.5% | ||
| Q2 24 | -8.7% | 4.9% | ||
| Q1 24 | -14.4% | 3.6% |
净利率NETUIS
| Q4 25 | -2.0% | 3.3% | ||
| Q3 25 | -0.2% | -67.1% | ||
| Q2 25 | -9.8% | -4.2% | ||
| Q1 25 | -8.0% | -6.8% | ||
| Q4 24 | -2.8% | 5.5% | ||
| Q3 24 | -3.6% | -12.5% | ||
| Q2 24 | -3.8% | -2.5% | ||
| Q1 24 | -9.4% | -30.6% |
每股收益（稀释后）NETUIS
| Q4 25 | $-0.03 | $0.24 | ||
| Q3 25 | $0.00 | $-4.33 | ||
| Q2 25 | $-0.15 | $-0.28 | ||
| Q1 25 | $-0.11 | $-0.42 | ||
| Q4 24 | $-0.05 | $0.45 | ||
| Q3 24 | $-0.04 | $-0.89 | ||
| Q2 24 | $-0.04 | $-0.17 | ||
| Q1 24 | $-0.10 | $-2.18 |
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 | $413.9M |
| 总债务越低越好 | — | $729.0M |
| 股东权益账面价值 | $1.5B | $-282.6M |
| 总资产 | $6.0B | $1.8B |
| 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NETUIS
| Q4 25 | $943.5M | $413.9M | ||
| Q3 25 | $1.1B | $321.9M | ||
| Q2 25 | $1.5B | $300.8M | ||
| Q1 25 | $204.5M | $393.1M | ||
| Q4 24 | $147.7M | $376.5M | ||
| Q3 24 | $182.9M | $373.7M | ||
| Q2 24 | $157.0M | $344.9M | ||
| Q1 24 | $254.4M | $382.8M |
总债务NETUIS
| Q4 25 | — | $729.0M | ||
| Q3 25 | — | $723.2M | ||
| Q2 25 | — | $692.7M | ||
| Q1 25 | — | $488.3M | ||
| Q4 24 | — | $488.2M | ||
| Q3 24 | — | $488.5M | ||
| Q2 24 | — | $489.2M | ||
| Q1 24 | — | $488.4M |
股东权益NETUIS
| Q4 25 | $1.5B | $-282.6M | ||
| Q3 25 | $1.3B | $-300.2M | ||
| Q2 25 | $1.2B | $-221.5M | ||
| Q1 25 | $1.4B | $-267.8M | ||
| Q4 24 | $1.0B | $-283.4M | ||
| Q3 24 | $973.1M | $-202.2M | ||
| Q2 24 | $881.5M | $-174.1M | ||
| Q1 24 | $797.2M | $-158.6M |
总资产NETUIS
| Q4 25 | $6.0B | $1.8B | ||
| Q3 25 | $5.8B | $1.7B | ||
| Q2 25 | $5.6B | $1.8B | ||
| Q1 25 | $3.7B | $1.8B | ||
| Q4 24 | $3.3B | $1.9B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $2.9B | $1.9B | ||
| Q1 24 | $2.8B | $1.9B |
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 | $104.9M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $97.3M |
| 自由现金流率自由现金流/营收 | 17.1% | 16.9% |
| 资本支出强度资本支出/营收 | 13.9% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 5.61× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $-170.0M |
8季度趋势，按日历期对齐
经营现金流NETUIS
| Q4 25 | $190.4M | $104.9M | ||
| Q3 25 | $167.1M | $38.0M | ||
| Q2 25 | $99.8M | $-316.2M | ||
| Q1 25 | $145.8M | $33.3M | ||
| Q4 24 | $127.3M | $76.6M | ||
| Q3 24 | $104.7M | $32.0M | ||
| Q2 24 | $74.8M | $2.7M | ||
| Q1 24 | $73.6M | $23.8M |
自由现金流NETUIS
| Q4 25 | $105.2M | $97.3M | ||
| Q3 25 | $82.5M | $32.4M | ||
| Q2 25 | $39.9M | $-324.1M | ||
| Q1 25 | $59.9M | $24.4M | ||
| Q4 24 | $54.2M | $66.5M | ||
| Q3 24 | $54.5M | $25.2M | ||
| Q2 24 | $45.2M | $-6.0M | ||
| Q1 24 | $41.5M | $17.1M |
自由现金流率NETUIS
| Q4 25 | 17.1% | 16.9% | ||
| Q3 25 | 14.7% | 7.0% | ||
| Q2 25 | 7.8% | -67.1% | ||
| Q1 25 | 12.5% | 5.6% | ||
| Q4 24 | 11.8% | 12.2% | ||
| Q3 24 | 12.7% | 5.1% | ||
| Q2 24 | 11.3% | -1.3% | ||
| Q1 24 | 11.0% | 3.5% |
资本支出强度NETUIS
| Q4 25 | 13.9% | 1.3% | ||
| Q3 25 | 15.1% | 1.2% | ||
| Q2 25 | 11.7% | 1.6% | ||
| Q1 25 | 17.9% | 2.1% | ||
| Q4 24 | 15.9% | 1.9% | ||
| Q3 24 | 11.7% | 1.4% | ||
| Q2 24 | 7.4% | 1.8% | ||
| Q1 24 | 8.5% | 1.4% |
现金转化率NETUIS
| Q4 25 | — | 5.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.55× | ||
| 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% |
UIS
暂无分部数据
