vs
Cloudflare, Inc.（NET）与UNIVERSAL CORP（UVV）财务数据对比。点击上方公司名可切换其他公司
UNIVERSAL CORP的季度营收约是Cloudflare, Inc.的1.4倍（$853.2M vs $614.5M），UNIVERSAL CORP净利率更高（3.9% vs -2.0%，领先5.9%），Cloudflare, Inc.同比增速更快（33.6% vs -8.1%），Cloudflare, Inc.自由现金流更多（$105.2M vs $95.1M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 6.2%）
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。
环球技术学院（UTI）是美国一家营利性私立技术院校体系，由罗伯特·斯威特于1965年创立，专注于为全美各地学生提供专业职业技术教育培训。
NET vs UVV — 直观对比
营收规模更大
UVV
是对方的1.4倍
$614.5M
营收增速更快
NET
高出41.7%
-8.1%
净利率更高
UVV
高出5.9%
-2.0%
自由现金流更多
NET
多$10.1M
$95.1M
两年增速更快
NET
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $853.2M |
| 净利润 | $-12.1M | $33.2M |
| 毛利率 | 73.6% | 17.8% |
| 营业利润率 | -8.0% | 9.6% |
| 净利率 | -2.0% | 3.9% |
| 营收同比 | 33.6% | -8.1% |
| 净利润同比 | 6.0% | -44.2% |
| 每股收益（稀释后） | $-0.03 | $1.32 |
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NETUVV
| Q4 25 | $614.5M | $853.2M | ||
| Q3 25 | $562.0M | $749.4M | ||
| Q2 25 | $512.3M | $592.6M | ||
| Q1 25 | $479.1M | $690.2M | ||
| Q4 24 | $459.9M | $928.0M | ||
| Q3 24 | $430.1M | $708.4M | ||
| Q2 24 | $401.0M | $596.4M | ||
| Q1 24 | $378.6M | $756.3M |
净利润NETUVV
| Q4 25 | $-12.1M | $33.2M | ||
| Q3 25 | $-1.3M | $34.2M | ||
| Q2 25 | $-50.4M | $8.5M | ||
| Q1 25 | $-38.5M | $9.3M | ||
| Q4 24 | $-12.8M | $59.6M | ||
| Q3 24 | $-15.3M | $25.9M | ||
| Q2 24 | $-15.1M | $130.0K | ||
| Q1 24 | $-35.5M | $40.3M |
毛利率NETUVV
| Q4 25 | 73.6% | 17.8% | ||
| Q3 25 | 74.0% | 18.0% | ||
| Q2 25 | 74.9% | 19.1% | ||
| Q1 25 | 75.9% | 15.1% | ||
| Q4 24 | 76.4% | 19.9% | ||
| Q3 24 | 77.7% | 19.9% | ||
| Q2 24 | 77.8% | 16.0% | ||
| Q1 24 | 77.5% | 18.0% |
营业利润率NETUVV
| Q4 25 | -8.0% | 9.6% | ||
| Q3 25 | -6.7% | 9.0% | ||
| Q2 25 | -13.1% | 5.7% | ||
| Q1 25 | -11.1% | 6.2% | ||
| Q4 24 | -7.5% | 11.2% | ||
| Q3 24 | -7.2% | 9.7% | ||
| Q2 24 | -8.7% | 2.9% | ||
| Q1 24 | -14.4% | 9.0% |
净利率NETUVV
| Q4 25 | -2.0% | 3.9% | ||
| Q3 25 | -0.2% | 4.6% | ||
| Q2 25 | -9.8% | 1.4% | ||
| Q1 25 | -8.0% | 1.4% | ||
| Q4 24 | -2.8% | 6.4% | ||
| Q3 24 | -3.6% | 3.7% | ||
| Q2 24 | -3.8% | 0.0% | ||
| Q1 24 | -9.4% | 5.3% |
每股收益（稀释后）NETUVV
| Q4 25 | $-0.03 | $1.32 | ||
| Q3 25 | $0.00 | $1.36 | ||
| Q2 25 | $-0.15 | $0.34 | ||
| Q1 25 | $-0.11 | $0.37 | ||
| Q4 24 | $-0.05 | $2.37 | ||
| Q3 24 | $-0.04 | $1.03 | ||
| Q2 24 | $-0.04 | $0.01 | ||
| Q1 24 | $-0.10 | $1.62 |
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 | $85.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.5B |
| 总资产 | $6.0B | $3.0B |
| 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NETUVV
| Q4 25 | $943.5M | $85.2M | ||
| Q3 25 | $1.1B | $88.7M | ||
| Q2 25 | $1.5B | $178.4M | ||
| Q1 25 | $204.5M | $260.1M | ||
| Q4 24 | $147.7M | $215.1M | ||
| Q3 24 | $182.9M | $80.1M | ||
| Q2 24 | $157.0M | $101.7M | ||
| Q1 24 | $254.4M | $55.6M |
股东权益NETUVV
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $973.1M | $1.4B | ||
| Q2 24 | $881.5M | $1.4B | ||
| Q1 24 | $797.2M | $1.4B |
总资产NETUVV
| Q4 25 | $6.0B | $3.0B | ||
| Q3 25 | $5.8B | $3.1B | ||
| Q2 25 | $5.6B | $3.2B | ||
| Q1 25 | $3.7B | $3.0B | ||
| Q4 24 | $3.3B | $3.0B | ||
| Q3 24 | $3.1B | $3.0B | ||
| Q2 24 | $2.9B | $3.0B | ||
| Q1 24 | $2.8B | $2.9B |
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 | $114.3M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $95.1M |
| 自由现金流率自由现金流/营收 | 17.1% | 11.1% |
| 资本支出强度资本支出/营收 | 13.9% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 3.44× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $52.7M |
8季度趋势，按日历期对齐
经营现金流NETUVV
| Q4 25 | $190.4M | $114.3M | ||
| Q3 25 | $167.1M | $32.7M | ||
| Q2 25 | $99.8M | $-205.1M | ||
| Q1 25 | $145.8M | $158.7M | ||
| Q4 24 | $127.3M | $215.6M | ||
| Q3 24 | $104.7M | $15.0M | ||
| Q2 24 | $74.8M | $-62.4M | ||
| Q1 24 | $73.6M | $-27.9M |
自由现金流NETUVV
| Q4 25 | $105.2M | $95.1M | ||
| Q3 25 | $82.5M | $23.7M | ||
| Q2 25 | $39.9M | $-217.2M | ||
| Q1 25 | $59.9M | $151.0M | ||
| Q4 24 | $54.2M | $199.6M | ||
| Q3 24 | $54.5M | $-1.0M | ||
| Q2 24 | $45.2M | $-85.2M | ||
| Q1 24 | $41.5M | $-46.2M |
自由现金流率NETUVV
| Q4 25 | 17.1% | 11.1% | ||
| Q3 25 | 14.7% | 3.2% | ||
| Q2 25 | 7.8% | -36.6% | ||
| Q1 25 | 12.5% | 21.9% | ||
| Q4 24 | 11.8% | 21.5% | ||
| Q3 24 | 12.7% | -0.1% | ||
| Q2 24 | 11.3% | -14.3% | ||
| Q1 24 | 11.0% | -6.1% |
资本支出强度NETUVV
| Q4 25 | 13.9% | 2.3% | ||
| Q3 25 | 15.1% | 1.2% | ||
| Q2 25 | 11.7% | 2.0% | ||
| Q1 25 | 17.9% | 1.1% | ||
| Q4 24 | 15.9% | 1.7% | ||
| Q3 24 | 11.7% | 2.3% | ||
| Q2 24 | 7.4% | 3.8% | ||
| Q1 24 | 8.5% | 2.4% |
现金转化率NETUVV
| Q4 25 | — | 3.44× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | -24.14× | ||
| Q1 25 | — | 17.00× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | -480.34× | ||
| Q1 24 | — | -0.69× |
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% |
UVV
| Tobacco Operations | $779.9M | 91% |
| Service Other | $36.7M | 4% |
| Other | $17.8M | 2% |
