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Cloudflare, Inc.（NET）与NCR Voyix Corp（VYX）财务数据对比。点击上方公司名可切换其他公司
NCR Voyix Corp的季度营收约是Cloudflare, Inc.的1.2倍（$720.0M vs $614.5M），NCR Voyix Corp净利率更高（13.6% vs -2.0%，领先15.6%），Cloudflare, Inc.同比增速更快（33.6% vs 6.2%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 0.7%）
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。
NCR Voyix是一家全球化软件、咨询与科技企业，前身为恩智瑞公司与国民收银机公司，核心业务涵盖专业技术服务与电子产品供应，曾生产自助服务终端、收银POS机、自动柜员机、支票处理系统及条码扫描器等设备。
NET vs VYX — 直观对比
营收规模更大
VYX
是对方的1.2倍
$614.5M
营收增速更快
NET
高出27.4%
6.2%
净利率更高
VYX
高出15.6%
-2.0%
两年增速更快
NET
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $720.0M |
| 净利润 | $-12.1M | $98.0M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 2.4% |
| 净利率 | -2.0% | 13.6% |
| 营收同比 | 33.6% | 6.2% |
| 净利润同比 | 6.0% | 990.9% |
| 每股收益（稀释后） | $-0.03 | $0.64 |
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NETVYX
| Q4 25 | $614.5M | $720.0M | ||
| Q3 25 | $562.0M | $684.0M | ||
| Q2 25 | $512.3M | $666.0M | ||
| Q1 25 | $479.1M | $617.0M | ||
| Q4 24 | $459.9M | $678.0M | ||
| Q3 24 | $430.1M | $708.0M | ||
| Q2 24 | $401.0M | $722.0M | ||
| Q1 24 | $378.6M | $710.0M |
净利润NETVYX
| Q4 25 | $-12.1M | $98.0M | ||
| Q3 25 | $-1.3M | $-19.0M | ||
| Q2 25 | $-50.4M | $0 | ||
| Q1 25 | $-38.5M | $-17.0M | ||
| Q4 24 | $-12.8M | $-11.0M | ||
| Q3 24 | $-15.3M | $1.1B | ||
| Q2 24 | $-15.1M | $-73.0M | ||
| Q1 24 | $-35.5M | $-40.0M |
毛利率NETVYX
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | — | ||
| Q2 25 | 74.9% | — | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | 23.4% | ||
| Q2 24 | 77.8% | 17.5% | ||
| Q1 24 | 77.5% | 19.4% |
营业利润率NETVYX
| Q4 25 | -8.0% | 2.4% | ||
| Q3 25 | -6.7% | 2.2% | ||
| Q2 25 | -13.1% | 2.1% | ||
| Q1 25 | -11.1% | -3.2% | ||
| Q4 24 | -7.5% | -0.1% | ||
| Q3 24 | -7.2% | 2.3% | ||
| Q2 24 | -8.7% | -4.7% | ||
| Q1 24 | -14.4% | -2.7% |
净利率NETVYX
| Q4 25 | -2.0% | 13.6% | ||
| Q3 25 | -0.2% | -2.8% | ||
| Q2 25 | -9.8% | — | ||
| Q1 25 | -8.0% | -2.8% | ||
| Q4 24 | -2.8% | -1.6% | ||
| Q3 24 | -3.6% | 152.8% | ||
| Q2 24 | -3.8% | -10.1% | ||
| Q1 24 | -9.4% | -5.6% |
每股收益（稀释后）NETVYX
| Q4 25 | $-0.03 | $0.64 | ||
| Q3 25 | $0.00 | $-0.16 | ||
| Q2 25 | $-0.15 | $-0.03 | ||
| Q1 25 | $-0.11 | $-0.15 | ||
| Q4 24 | $-0.05 | $-0.05 | ||
| Q3 24 | $-0.04 | $7.41 | ||
| Q2 24 | $-0.04 | $-0.53 | ||
| Q1 24 | $-0.10 | $-0.31 |
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 | $231.0M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $1.5B | $948.0M |
| 总资产 | $6.0B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 1.17× |
8季度趋势，按日历期对齐
现金及短期投资NETVYX
| Q4 25 | $943.5M | $231.0M | ||
| Q3 25 | $1.1B | $282.0M | ||
| Q2 25 | $1.5B | $276.0M | ||
| Q1 25 | $204.5M | $573.0M | ||
| Q4 24 | $147.7M | $722.0M | ||
| Q3 24 | $182.9M | $792.0M | ||
| Q2 24 | $157.0M | $203.0M | ||
| Q1 24 | $254.4M | $241.0M |
总债务NETVYX
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETVYX
| Q4 25 | $1.5B | $948.0M | ||
| Q3 25 | $1.3B | $848.0M | ||
| Q2 25 | $1.2B | $867.0M | ||
| Q1 25 | $1.4B | $857.0M | ||
| Q4 24 | $1.0B | $933.0M | ||
| Q3 24 | $973.1M | $1.0B | ||
| Q2 24 | $881.5M | $-85.0M | ||
| Q1 24 | $797.2M | $-34.0M |
总资产NETVYX
| Q4 25 | $6.0B | $3.9B | ||
| Q3 25 | $5.8B | $4.0B | ||
| Q2 25 | $5.6B | $4.0B | ||
| Q1 25 | $3.7B | $4.3B | ||
| Q4 24 | $3.3B | $4.5B | ||
| Q3 24 | $3.1B | $4.7B | ||
| Q2 24 | $2.9B | $4.8B | ||
| Q1 24 | $2.8B | $5.0B |
负债/权益比NETVYX
| Q4 25 | — | 1.17× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $60.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | — |
| 自由现金流率自由现金流/营收 | 17.1% | — |
| 资本支出强度资本支出/营收 | 13.9% | — |
| 现金转化率经营现金流/净利润 | — | 0.61× |
| 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NETVYX
| Q4 25 | $190.4M | $60.0M | ||
| Q3 25 | $167.1M | $14.0M | ||
| Q2 25 | $99.8M | $-242.0M | ||
| Q1 25 | $145.8M | $-42.0M | ||
| Q4 24 | $127.3M | $-170.0M | ||
| Q3 24 | $104.7M | $11.0M | ||
| Q2 24 | $74.8M | $62.0M | ||
| Q1 24 | $73.6M | $-35.0M |
自由现金流NETVYX
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | $10.0M | ||
| Q2 25 | $39.9M | $-249.0M | ||
| Q1 25 | $59.9M | $-50.0M | ||
| Q4 24 | $54.2M | $-177.0M | ||
| Q3 24 | $54.5M | $9.0M | ||
| Q2 24 | $45.2M | $49.0M | ||
| Q1 24 | $41.5M | $-43.0M |
自由现金流率NETVYX
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | 1.5% | ||
| Q2 25 | 7.8% | -37.4% | ||
| Q1 25 | 12.5% | -8.1% | ||
| Q4 24 | 11.8% | -26.1% | ||
| Q3 24 | 12.7% | 1.3% | ||
| Q2 24 | 11.3% | 6.8% | ||
| Q1 24 | 11.0% | -6.1% |
资本支出强度NETVYX
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | 0.6% | ||
| Q2 25 | 11.7% | 1.1% | ||
| Q1 25 | 17.9% | 1.3% | ||
| Q4 24 | 15.9% | 1.0% | ||
| Q3 24 | 11.7% | 0.3% | ||
| Q2 24 | 7.4% | 1.8% | ||
| Q1 24 | 8.5% | 1.1% |
现金转化率NETVYX
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.01× | ||
| 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% |
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
