vs
Cloudflare, Inc.（NET）与Vontier Corp（VNT）财务数据对比。点击上方公司名可切换其他公司
Vontier Corp的季度营收约是Cloudflare, Inc.的1.3倍（$808.5M vs $614.5M），Vontier Corp净利率更高（15.3% vs -2.0%，领先17.2%），Cloudflare, Inc.同比增速更快（33.6% vs 4.1%），Vontier Corp自由现金流更多（$174.8M vs $105.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 3.4%）
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。
Vontier Corp是一家总部位于美国北卡罗来纳州罗利市的工业制造企业，旗下拥有Gilbarco Veeder-Root、Matco Tools、Teletrac Navman等核心品牌，还控股Hennessy Industries、Gasboy、全球交通技术（GTT）等多家子公司，业务覆盖多个工业制造细分领域。
NET vs VNT — 直观对比
营收规模更大
VNT
是对方的1.3倍
$614.5M
营收增速更快
NET
高出29.5%
4.1%
净利率更高
VNT
高出17.2%
-2.0%
自由现金流更多
VNT
多$69.6M
$105.2M
两年增速更快
NET
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $808.5M |
| 净利润 | $-12.1M | $123.5M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 18.9% |
| 净利率 | -2.0% | 15.3% |
| 营收同比 | 33.6% | 4.1% |
| 净利润同比 | 6.0% | 0.0% |
| 每股收益（稀释后） | $-0.03 | $0.85 |
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NETVNT
| Q4 25 | $614.5M | $808.5M | ||
| Q3 25 | $562.0M | $752.5M | ||
| Q2 25 | $512.3M | $773.5M | ||
| Q1 25 | $479.1M | $741.1M | ||
| Q4 24 | $459.9M | $776.8M | ||
| Q3 24 | $430.1M | $750.0M | ||
| Q2 24 | $401.0M | $696.4M | ||
| Q1 24 | $378.6M | $755.8M |
净利润NETVNT
| Q4 25 | $-12.1M | $123.5M | ||
| Q3 25 | $-1.3M | $102.8M | ||
| Q2 25 | $-50.4M | $91.9M | ||
| Q1 25 | $-38.5M | $87.9M | ||
| Q4 24 | $-12.8M | $123.5M | ||
| Q3 24 | $-15.3M | $91.8M | ||
| Q2 24 | $-15.1M | $70.1M | ||
| Q1 24 | $-35.5M | $136.8M |
毛利率NETVNT
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | 47.3% | ||
| Q2 25 | 74.9% | 47.9% | ||
| Q1 25 | 75.9% | 47.3% | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | 47.2% | ||
| Q2 24 | 77.8% | 48.2% | ||
| Q1 24 | 77.5% | 49.2% |
营业利润率NETVNT
| Q4 25 | -8.0% | 18.9% | ||
| Q3 25 | -6.7% | 18.9% | ||
| Q2 25 | -13.1% | 17.6% | ||
| Q1 25 | -11.1% | 17.6% | ||
| Q4 24 | -7.5% | 19.2% | ||
| Q3 24 | -7.2% | 17.5% | ||
| Q2 24 | -8.7% | 16.4% | ||
| Q1 24 | -14.4% | 18.8% |
净利率NETVNT
| Q4 25 | -2.0% | 15.3% | ||
| Q3 25 | -0.2% | 13.7% | ||
| Q2 25 | -9.8% | 11.9% | ||
| Q1 25 | -8.0% | 11.9% | ||
| Q4 24 | -2.8% | 15.9% | ||
| Q3 24 | -3.6% | 12.2% | ||
| Q2 24 | -3.8% | 10.1% | ||
| Q1 24 | -9.4% | 18.1% |
每股收益（稀释后）NETVNT
| Q4 25 | $-0.03 | $0.85 | ||
| Q3 25 | $0.00 | $0.70 | ||
| Q2 25 | $-0.15 | $0.62 | ||
| Q1 25 | $-0.11 | $0.59 | ||
| Q4 24 | $-0.05 | $0.82 | ||
| Q3 24 | $-0.04 | $0.60 | ||
| Q2 24 | $-0.04 | $0.45 | ||
| Q1 24 | $-0.10 | $0.88 |
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 | $492.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.2B |
| 总资产 | $6.0B | $4.4B |
| 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NETVNT
| Q4 25 | $943.5M | $492.2M | ||
| Q3 25 | $1.1B | $433.8M | ||
| Q2 25 | $1.5B | $364.2M | ||
| Q1 25 | $204.5M | $333.6M | ||
| Q4 24 | $147.7M | $356.4M | ||
| Q3 24 | $182.9M | $330.9M | ||
| Q2 24 | $157.0M | $331.3M | ||
| Q1 24 | $254.4M | $406.0M |
股东权益NETVNT
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $973.1M | $1.0B | ||
| Q2 24 | $881.5M | $1.0B | ||
| Q1 24 | $797.2M | $984.9M |
总资产NETVNT
| Q4 25 | $6.0B | $4.4B | ||
| Q3 25 | $5.8B | $4.4B | ||
| Q2 25 | $5.6B | $4.4B | ||
| Q1 25 | $3.7B | $4.3B | ||
| Q4 24 | $3.3B | $4.3B | ||
| Q3 24 | $3.1B | $4.3B | ||
| Q2 24 | $2.9B | $4.2B | ||
| Q1 24 | $2.8B | $4.3B |
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 | $190.1M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $174.8M |
| 自由现金流率自由现金流/营收 | 17.1% | 21.6% |
| 资本支出强度资本支出/营收 | 13.9% | 1.9% |
| 现金转化率经营现金流/净利润 | — | 1.54× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $441.1M |
8季度趋势，按日历期对齐
经营现金流NETVNT
| Q4 25 | $190.4M | $190.1M | ||
| Q3 25 | $167.1M | $110.5M | ||
| Q2 25 | $99.8M | $100.0M | ||
| Q1 25 | $145.8M | $110.4M | ||
| Q4 24 | $127.3M | $168.1M | ||
| Q3 24 | $104.7M | $121.8M | ||
| Q2 24 | $74.8M | $46.1M | ||
| Q1 24 | $73.6M | $91.5M |
自由现金流NETVNT
| Q4 25 | $105.2M | $174.8M | ||
| Q3 25 | $82.5M | $90.3M | ||
| Q2 25 | $39.9M | $83.3M | ||
| Q1 25 | $59.9M | $92.7M | ||
| Q4 24 | $54.2M | $148.0M | ||
| Q3 24 | $54.5M | $103.2M | ||
| Q2 24 | $45.2M | $22.3M | ||
| Q1 24 | $41.5M | $71.3M |
自由现金流率NETVNT
| Q4 25 | 17.1% | 21.6% | ||
| Q3 25 | 14.7% | 12.0% | ||
| Q2 25 | 7.8% | 10.8% | ||
| Q1 25 | 12.5% | 12.5% | ||
| Q4 24 | 11.8% | 19.1% | ||
| Q3 24 | 12.7% | 13.8% | ||
| Q2 24 | 11.3% | 3.2% | ||
| Q1 24 | 11.0% | 9.4% |
资本支出强度NETVNT
| Q4 25 | 13.9% | 1.9% | ||
| Q3 25 | 15.1% | 2.7% | ||
| Q2 25 | 11.7% | 2.2% | ||
| Q1 25 | 17.9% | 2.4% | ||
| Q4 24 | 15.9% | 2.6% | ||
| Q3 24 | 11.7% | 2.5% | ||
| Q2 24 | 7.4% | 3.4% | ||
| Q1 24 | 8.5% | 2.7% |
现金转化率NETVNT
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.09× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | — | 0.67× |
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% |
VNT
| Environmental Fueling Solutions Segment | $387.5M | 48% |
| Services | $191.0M | 24% |
| Repair Solutions Segment | $144.5M | 18% |
| Other | $85.5M | 11% |
