vs
Cloudflare, Inc.（NET）与UNIFIRST CORP（UNF）财务数据对比。点击上方公司名可切换其他公司
UNIFIRST CORP的季度营收约是Cloudflare, Inc.的1.0倍（$621.3M vs $614.5M），UNIFIRST CORP净利率更高（5.5% vs -2.0%，领先7.5%），Cloudflare, Inc.同比增速更快（33.6% vs 2.7%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-24.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 2.3%）
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。
UniFirst是总部位于美国马萨诸塞州威尔明顿的职业工装租赁服务商，业务覆盖工装及防护服装的生产、销售与租赁。公司拥有超过1.4万名员工，在美、加、欧设有260多处运营网点，涵盖客服中心、核净化设施、洁净车间、配送中心及生产工厂。
NET vs UNF — 直观对比
营收规模更大
UNF
是对方的1.0倍
$614.5M
营收增速更快
NET
高出30.9%
2.7%
净利率更高
UNF
高出7.5%
-2.0%
自由现金流更多
NET
多$129.3M
$-24.0M
两年增速更快
NET
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $621.3M |
| 净利润 | $-12.1M | $34.4M |
| 毛利率 | 73.6% | 36.7% |
| 营业利润率 | -8.0% | 7.3% |
| 净利率 | -2.0% | 5.5% |
| 营收同比 | 33.6% | 2.7% |
| 净利润同比 | 6.0% | -20.3% |
| 每股收益（稀释后） | $-0.03 | $1.89 |
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NETUNF
| Q4 25 | $614.5M | $621.3M | ||
| Q3 25 | $562.0M | $614.4M | ||
| Q2 25 | $512.3M | $610.8M | ||
| Q1 25 | $479.1M | — | ||
| Q4 24 | $459.9M | $604.9M | ||
| Q3 24 | $430.1M | $639.9M | ||
| Q2 24 | $401.0M | $603.3M | ||
| Q1 24 | $378.6M | $590.7M |
净利润NETUNF
| Q4 25 | $-12.1M | $34.4M | ||
| Q3 25 | $-1.3M | $41.0M | ||
| Q2 25 | $-50.4M | $39.7M | ||
| Q1 25 | $-38.5M | — | ||
| Q4 24 | $-12.8M | $43.1M | ||
| Q3 24 | $-15.3M | $44.6M | ||
| Q2 24 | $-15.1M | $38.1M | ||
| Q1 24 | $-35.5M | $20.5M |
毛利率NETUNF
| Q4 25 | 73.6% | 36.7% | ||
| Q3 25 | 74.0% | 37.8% | ||
| Q2 25 | 74.9% | 36.9% | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | 37.0% | ||
| Q3 24 | 77.7% | 36.1% | ||
| Q2 24 | 77.8% | 35.2% | ||
| Q1 24 | 77.5% | 32.9% |
营业利润率NETUNF
| Q4 25 | -8.0% | 7.3% | ||
| Q3 25 | -6.7% | 8.1% | ||
| Q2 25 | -13.1% | 7.9% | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -7.5% | 9.2% | ||
| Q3 24 | -7.2% | 8.4% | ||
| Q2 24 | -8.7% | 8.0% | ||
| Q1 24 | -14.4% | 4.7% |
净利率NETUNF
| Q4 25 | -2.0% | 5.5% | ||
| Q3 25 | -0.2% | 6.7% | ||
| Q2 25 | -9.8% | 6.5% | ||
| Q1 25 | -8.0% | — | ||
| Q4 24 | -2.8% | 7.1% | ||
| Q3 24 | -3.6% | 7.0% | ||
| Q2 24 | -3.8% | 6.3% | ||
| Q1 24 | -9.4% | 3.5% |
每股收益（稀释后）NETUNF
| Q4 25 | $-0.03 | $1.89 | ||
| Q3 25 | $0.00 | $2.23 | ||
| Q2 25 | $-0.15 | $2.13 | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.05 | $2.31 | ||
| Q3 24 | $-0.04 | $2.39 | ||
| Q2 24 | $-0.04 | $2.03 | ||
| Q1 24 | $-0.10 | $1.09 |
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 | $129.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $2.2B |
| 总资产 | $6.0B | $2.8B |
| 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NETUNF
| Q4 25 | $943.5M | $129.5M | ||
| Q3 25 | $1.1B | $209.2M | ||
| Q2 25 | $1.5B | $211.9M | ||
| Q1 25 | $204.5M | — | ||
| Q4 24 | $147.7M | $181.0M | ||
| Q3 24 | $182.9M | $175.1M | ||
| Q2 24 | $157.0M | $125.4M | ||
| Q1 24 | $254.4M | $101.9M |
股东权益NETUNF
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $973.1M | $2.1B | ||
| Q2 24 | $881.5M | $2.1B | ||
| Q1 24 | $797.2M | $2.0B |
总资产NETUNF
| Q4 25 | $6.0B | $2.8B | ||
| Q3 25 | $5.8B | $2.8B | ||
| Q2 25 | $5.6B | $2.8B | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.3B | $2.7B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $2.9B | $2.7B | ||
| Q1 24 | $2.8B | $2.6B |
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 | $14.9M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $-24.0M |
| 自由现金流率自由现金流/营收 | 17.1% | -3.9% |
| 资本支出强度资本支出/营收 | 13.9% | 6.3% |
| 现金转化率经营现金流/净利润 | — | 0.43× |
| 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NETUNF
| Q4 25 | $190.4M | $14.9M | ||
| Q3 25 | $167.1M | — | ||
| Q2 25 | $99.8M | $138.4M | ||
| Q1 25 | $145.8M | — | ||
| Q4 24 | $127.3M | $58.1M | ||
| Q3 24 | $104.7M | $102.3M | ||
| Q2 24 | $74.8M | $86.3M | ||
| Q1 24 | $73.6M | $61.1M |
自由现金流NETUNF
| Q4 25 | $105.2M | $-24.0M | ||
| Q3 25 | $82.5M | — | ||
| Q2 25 | $39.9M | $62.1M | ||
| Q1 25 | $59.9M | — | ||
| Q4 24 | $54.2M | $24.6M | ||
| Q3 24 | $54.5M | $63.8M | ||
| Q2 24 | $45.2M | $37.3M | ||
| Q1 24 | $41.5M | $27.2M |
自由现金流率NETUNF
| Q4 25 | 17.1% | -3.9% | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 7.8% | 10.2% | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 11.8% | 4.1% | ||
| Q3 24 | 12.7% | 10.0% | ||
| Q2 24 | 11.3% | 6.2% | ||
| Q1 24 | 11.0% | 4.6% |
资本支出强度NETUNF
| Q4 25 | 13.9% | 6.3% | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 11.7% | 12.5% | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 15.9% | 5.5% | ||
| Q3 24 | 11.7% | 6.0% | ||
| Q2 24 | 7.4% | 8.1% | ||
| Q1 24 | 8.5% | 5.7% |
现金转化率NETUNF
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.35× | ||
| Q3 24 | — | 2.29× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 2.98× |
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% |
UNF
| Uniforms And Facility Service Solutions | $568.8M | 92% |
| First Aid And Safety Solutions | $30.8M | 5% |
| Other | $22.9M | 4% |
| Served As An Senior Officer | $400.0K | 0% |
