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Cloudflare, Inc.（NET）与Utz Brands, Inc.（UTZ）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Utz Brands, Inc.的1.8倍（$614.5M vs $341.0M），Utz Brands, Inc.净利率更高（0.7% vs -2.0%，领先2.6%），Cloudflare, Inc.同比增速更快（33.6% vs -3.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $16.5M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -1.5%）
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。
Utz Brands, Inc.常简称为Utz，是总部位于美国宾夕法尼亚州汉诺威的休闲食品企业。该公司主打生产薯片、碱水脆饼等多种休闲食品，大部分产品以旗下品牌矩阵发售，同时也为仓储式会员店和批发商供应休闲零食。
NET vs UTZ — 直观对比
营收规模更大
NET
是对方的1.8倍
$341.0M
营收增速更快
NET
高出36.8%
-3.1%
净利率更高
UTZ
高出2.6%
-2.0%
自由现金流更多
NET
多$88.7M
$16.5M
两年增速更快
NET
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2024
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $341.0M |
| 净利润 | $-12.1M | $2.3M |
| 毛利率 | 73.6% | 25.5% |
| 营业利润率 | -8.0% | 2.1% |
| 净利率 | -2.0% | 0.7% |
| 营收同比 | 33.6% | -3.1% |
| 净利润同比 | 6.0% | 108.3% |
| 每股收益（稀释后） | $-0.03 | $0.04 |
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NETUTZ
| Q4 25 | $614.5M | — | ||
| Q3 25 | $562.0M | — | ||
| Q2 25 | $512.3M | — | ||
| Q1 25 | $479.1M | — | ||
| Q4 24 | $459.9M | $341.0M | ||
| Q3 24 | $430.1M | $365.5M | ||
| Q2 24 | $401.0M | $356.2M | ||
| Q1 24 | $378.6M | $346.5M |
净利润NETUTZ
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-1.3M | — | ||
| Q2 25 | $-50.4M | — | ||
| Q1 25 | $-38.5M | — | ||
| Q4 24 | $-12.8M | $2.3M | ||
| Q3 24 | $-15.3M | $-2.2M | ||
| Q2 24 | $-15.1M | $19.8M | ||
| Q1 24 | $-35.5M | $-4.0M |
毛利率NETUTZ
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | — | ||
| Q2 25 | 74.9% | — | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | 25.5% | ||
| Q3 24 | 77.7% | 26.9% | ||
| Q2 24 | 77.8% | 26.7% | ||
| Q1 24 | 77.5% | 25.5% |
营业利润率NETUTZ
| Q4 25 | -8.0% | — | ||
| Q3 25 | -6.7% | — | ||
| Q2 25 | -13.1% | — | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -7.5% | 2.1% | ||
| Q3 24 | -7.2% | 5.3% | ||
| Q2 24 | -8.7% | 6.3% | ||
| Q1 24 | -14.4% | 2.8% |
净利率NETUTZ
| Q4 25 | -2.0% | — | ||
| Q3 25 | -0.2% | — | ||
| Q2 25 | -9.8% | — | ||
| Q1 25 | -8.0% | — | ||
| Q4 24 | -2.8% | 0.7% | ||
| Q3 24 | -3.6% | -0.6% | ||
| Q2 24 | -3.8% | 5.6% | ||
| Q1 24 | -9.4% | -1.2% |
每股收益（稀释后）NETUTZ
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $-0.15 | — | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.05 | $0.04 | ||
| Q3 24 | $-0.04 | $-0.03 | ||
| Q2 24 | $-0.04 | $0.23 | ||
| 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 | $56.1M |
| 总债务越低越好 | — | $768.6M |
| 股东权益账面价值 | $1.5B | $696.9M |
| 总资产 | $6.0B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资NETUTZ
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $204.5M | — | ||
| Q4 24 | $147.7M | $56.1M | ||
| Q3 24 | $182.9M | $64.9M | ||
| Q2 24 | $157.0M | $66.6M | ||
| Q1 24 | $254.4M | $47.0M |
总债务NETUTZ
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $768.6M | ||
| Q3 24 | — | $780.8M | ||
| Q2 24 | — | $797.6M | ||
| Q1 24 | — | $756.9M |
股东权益NETUTZ
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | $696.9M | ||
| Q3 24 | $973.1M | $685.7M | ||
| Q2 24 | $881.5M | $686.0M | ||
| Q1 24 | $797.2M | $671.1M |
总资产NETUTZ
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.3B | $2.7B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $2.9B | $2.7B | ||
| Q1 24 | $2.8B | $2.6B |
负债/权益比NETUTZ
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.10× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 1.13× |
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 | $54.2M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $16.5M |
| 自由现金流率自由现金流/营收 | 17.1% | 4.8% |
| 资本支出强度资本支出/营收 | 13.9% | 11.1% |
| 现金转化率经营现金流/净利润 | — | 23.67× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $7.6M |
8季度趋势，按日历期对齐
经营现金流NETUTZ
| Q4 25 | $190.4M | — | ||
| Q3 25 | $167.1M | — | ||
| Q2 25 | $99.8M | — | ||
| Q1 25 | $145.8M | — | ||
| Q4 24 | $127.3M | $54.2M | ||
| Q3 24 | $104.7M | $52.2M | ||
| Q2 24 | $74.8M | $8.9M | ||
| Q1 24 | $73.6M | $-9.1M |
自由现金流NETUTZ
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | — | ||
| Q2 25 | $39.9M | — | ||
| Q1 25 | $59.9M | — | ||
| Q4 24 | $54.2M | $16.5M | ||
| Q3 24 | $54.5M | $29.1M | ||
| Q2 24 | $45.2M | $-15.3M | ||
| Q1 24 | $41.5M | $-22.7M |
自由现金流率NETUTZ
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 11.8% | 4.8% | ||
| Q3 24 | 12.7% | 8.0% | ||
| Q2 24 | 11.3% | -4.3% | ||
| Q1 24 | 11.0% | -6.5% |
资本支出强度NETUTZ
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 15.9% | 11.1% | ||
| Q3 24 | 11.7% | 6.3% | ||
| Q2 24 | 7.4% | 6.8% | ||
| Q1 24 | 8.5% | 3.9% |
现金转化率NETUTZ
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 23.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.45× | ||
| 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% |
UTZ
暂无分部数据
