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Cloudflare, Inc.（NET）与WERNER ENTERPRISES INC（WERN）财务数据对比。点击上方公司名可切换其他公司
WERNER ENTERPRISES INC的季度营收约是Cloudflare, Inc.的1.3倍（$808.6M vs $614.5M），WERNER ENTERPRISES INC净利率更高（-0.5% vs -2.0%，领先1.4%），Cloudflare, Inc.同比增速更快（33.6% vs 13.6%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 4.3%）
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。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
NET vs WERN — 直观对比
营收规模更大
WERN
是对方的1.3倍
$614.5M
营收增速更快
NET
高出20.1%
13.6%
净利率更高
WERN
高出1.4%
-2.0%
两年增速更快
NET
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $808.6M |
| 净利润 | $-12.1M | $-4.3M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 75.5% |
| 净利率 | -2.0% | -0.5% |
| 营收同比 | 33.6% | 13.6% |
| 净利润同比 | 6.0% | 57.8% |
| 每股收益（稀释后） | $-0.03 | $-0.07 |
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NETWERN
| Q1 26 | — | $808.6M | ||
| Q4 25 | $614.5M | $719.9M | ||
| Q3 25 | $562.0M | $752.2M | ||
| Q2 25 | $512.3M | $734.1M | ||
| Q1 25 | $479.1M | $693.4M | ||
| Q4 24 | $459.9M | $736.6M | ||
| Q3 24 | $430.1M | $726.3M | ||
| Q2 24 | $401.0M | $742.7M |
净利润NETWERN
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $-12.1M | $-27.8M | ||
| Q3 25 | $-1.3M | $-20.6M | ||
| Q2 25 | $-50.4M | $44.1M | ||
| Q1 25 | $-38.5M | $-10.1M | ||
| Q4 24 | $-12.8M | $11.9M | ||
| Q3 24 | $-15.3M | $6.6M | ||
| Q2 24 | $-15.1M | $9.5M |
毛利率NETWERN
| Q1 26 | — | — | ||
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | — | ||
| Q2 25 | 74.9% | — | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | — | ||
| Q2 24 | 77.8% | — |
营业利润率NETWERN
| Q1 26 | — | 75.5% | ||
| Q4 25 | -8.0% | -5.0% | ||
| Q3 25 | -6.7% | -1.7% | ||
| Q2 25 | -13.1% | 9.0% | ||
| Q1 25 | -11.1% | -0.8% | ||
| Q4 24 | -7.5% | 1.8% | ||
| Q3 24 | -7.2% | 2.4% | ||
| Q2 24 | -8.7% | 2.6% |
净利率NETWERN
| Q1 26 | — | -0.5% | ||
| Q4 25 | -2.0% | -3.9% | ||
| Q3 25 | -0.2% | -2.7% | ||
| Q2 25 | -9.8% | 6.0% | ||
| Q1 25 | -8.0% | -1.5% | ||
| Q4 24 | -2.8% | 1.6% | ||
| Q3 24 | -3.6% | 0.9% | ||
| Q2 24 | -3.8% | 1.3% |
每股收益（稀释后）NETWERN
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.03 | $-0.46 | ||
| Q3 25 | $0.00 | $-0.34 | ||
| Q2 25 | $-0.15 | $0.72 | ||
| Q1 25 | $-0.11 | $-0.16 | ||
| Q4 24 | $-0.05 | $0.19 | ||
| Q3 24 | $-0.04 | $0.11 | ||
| Q2 24 | $-0.04 | $0.15 |
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 | $61.5M |
| 总债务越低越好 | — | $878.2M |
| 股东权益账面价值 | $1.5B | $1.4B |
| 总资产 | $6.0B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资NETWERN
| Q1 26 | — | $61.5M | ||
| Q4 25 | $943.5M | $59.9M | ||
| Q3 25 | $1.1B | $51.0M | ||
| Q2 25 | $1.5B | $51.4M | ||
| Q1 25 | $204.5M | $52.0M | ||
| Q4 24 | $147.7M | $40.8M | ||
| Q3 24 | $182.9M | $54.7M | ||
| Q2 24 | $157.0M | $70.4M |
总债务NETWERN
| Q1 26 | — | $878.2M | ||
| Q4 25 | — | $752.0M | ||
| Q3 25 | — | $725.0M | ||
| Q2 25 | — | $725.0M | ||
| Q1 25 | — | $640.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | — | $690.0M | ||
| Q2 24 | — | $670.0M |
股东权益NETWERN
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $973.1M | $1.4B | ||
| Q2 24 | $881.5M | $1.5B |
总资产NETWERN
| Q1 26 | — | $3.3B | ||
| Q4 25 | $6.0B | $2.9B | ||
| Q3 25 | $5.8B | $3.0B | ||
| Q2 25 | $5.6B | $2.9B | ||
| Q1 25 | $3.7B | $3.0B | ||
| Q4 24 | $3.3B | $3.1B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $2.9B | $3.1B |
负债/权益比NETWERN
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.55× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.46× |
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 | — |
| 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% | 0.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 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NETWERN
| Q1 26 | — | — | ||
| Q4 25 | $190.4M | $62.3M | ||
| Q3 25 | $167.1M | $44.1M | ||
| Q2 25 | $99.8M | $46.0M | ||
| Q1 25 | $145.8M | $29.4M | ||
| Q4 24 | $127.3M | $71.0M | ||
| Q3 24 | $104.7M | $61.0M | ||
| Q2 24 | $74.8M | $109.1M |
自由现金流NETWERN
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $-23.5M | ||
| Q3 25 | $82.5M | $-8.6M | ||
| Q2 25 | $39.9M | $-42.3M | ||
| Q1 25 | $59.9M | $5.9M | ||
| Q4 24 | $54.2M | $-9.8M | ||
| Q3 24 | $54.5M | $-73.4M | ||
| Q2 24 | $45.2M | $-31.2M |
自由现金流率NETWERN
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | -3.3% | ||
| Q3 25 | 14.7% | -1.1% | ||
| Q2 25 | 7.8% | -5.8% | ||
| Q1 25 | 12.5% | 0.8% | ||
| Q4 24 | 11.8% | -1.3% | ||
| Q3 24 | 12.7% | -10.1% | ||
| Q2 24 | 11.3% | -4.2% |
资本支出强度NETWERN
| Q1 26 | — | 0.2% | ||
| Q4 25 | 13.9% | 11.9% | ||
| Q3 25 | 15.1% | 7.0% | ||
| Q2 25 | 11.7% | 12.0% | ||
| Q1 25 | 17.9% | 3.4% | ||
| Q4 24 | 15.9% | 11.0% | ||
| Q3 24 | 11.7% | 18.5% | ||
| Q2 24 | 7.4% | 18.9% |
现金转化率NETWERN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.97× | ||
| Q3 24 | — | 9.30× | ||
| Q2 24 | — | 11.52× |
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% |
WERN
暂无分部数据
