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Cloudflare, Inc.（NET）与Westrock Coffee Co（WEST）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Westrock Coffee Co的1.8倍（$614.5M vs $339.5M），Cloudflare, Inc.净利率更高（-2.0% vs -6.6%，领先4.7%），Westrock Coffee Co同比增速更快（48.3% vs 33.6%），Cloudflare, Inc.自由现金流更多（$105.2M vs $27.8M），过去两年Westrock Coffee Co的营收复合增速更高（32.8% vs 27.4%）
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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
NET vs WEST — 直观对比
营收规模更大
NET
是对方的1.8倍
$339.5M
营收增速更快
WEST
高出14.7%
33.6%
净利率更高
NET
高出4.7%
-6.6%
自由现金流更多
NET
多$77.4M
$27.8M
两年增速更快
WEST
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $339.5M |
| 净利润 | $-12.1M | $-22.6M |
| 毛利率 | 73.6% | 11.5% |
| 营业利润率 | -8.0% | -2.6% |
| 净利率 | -2.0% | -6.6% |
| 营收同比 | 33.6% | 48.3% |
| 净利润同比 | 6.0% | 8.3% |
| 每股收益（稀释后） | $-0.03 | $-0.22 |
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NETWEST
| Q4 25 | $614.5M | $339.5M | ||
| Q3 25 | $562.0M | $354.8M | ||
| Q2 25 | $512.3M | $280.9M | ||
| Q1 25 | $479.1M | $213.8M | ||
| Q4 24 | $459.9M | $229.0M | ||
| Q3 24 | $430.1M | $220.9M | ||
| Q2 24 | $401.0M | $208.4M | ||
| Q1 24 | $378.6M | $192.5M |
净利润NETWEST
| Q4 25 | $-12.1M | $-22.6M | ||
| Q3 25 | $-1.3M | $-19.1M | ||
| Q2 25 | $-50.4M | $-21.6M | ||
| Q1 25 | $-38.5M | $-27.2M | ||
| Q4 24 | $-12.8M | $-24.6M | ||
| Q3 24 | $-15.3M | $-14.3M | ||
| Q2 24 | $-15.1M | $-17.8M | ||
| Q1 24 | $-35.5M | $-23.7M |
毛利率NETWEST
| Q4 25 | 73.6% | 11.5% | ||
| Q3 25 | 74.0% | 11.7% | ||
| Q2 25 | 74.9% | 14.7% | ||
| Q1 25 | 75.9% | 13.6% | ||
| Q4 24 | 76.4% | 16.6% | ||
| Q3 24 | 77.7% | 16.8% | ||
| Q2 24 | 77.8% | 19.9% | ||
| Q1 24 | 77.5% | 19.4% |
营业利润率NETWEST
| Q4 25 | -8.0% | -2.6% | ||
| Q3 25 | -6.7% | -2.4% | ||
| Q2 25 | -13.1% | -5.3% | ||
| Q1 25 | -11.1% | -6.1% | ||
| Q4 24 | -7.5% | -4.3% | ||
| Q3 24 | -7.2% | -5.8% | ||
| Q2 24 | -8.7% | -7.9% | ||
| Q1 24 | -14.4% | -5.3% |
净利率NETWEST
| Q4 25 | -2.0% | -6.6% | ||
| Q3 25 | -0.2% | -5.4% | ||
| Q2 25 | -9.8% | -7.7% | ||
| Q1 25 | -8.0% | -12.7% | ||
| Q4 24 | -2.8% | -10.7% | ||
| Q3 24 | -3.6% | -6.5% | ||
| Q2 24 | -3.8% | -8.5% | ||
| Q1 24 | -9.4% | -12.3% |
每股收益（稀释后）NETWEST
| Q4 25 | $-0.03 | $-0.22 | ||
| Q3 25 | $0.00 | $-0.20 | ||
| Q2 25 | $-0.15 | $-0.23 | ||
| Q1 25 | $-0.11 | $-0.29 | ||
| Q4 24 | $-0.05 | $-0.26 | ||
| Q3 24 | $-0.04 | $-0.16 | ||
| Q2 24 | $-0.04 | $-0.20 | ||
| Q1 24 | $-0.10 | $-0.27 |
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 | $49.9M |
| 总债务越低越好 | — | $444.1M |
| 股东权益账面价值 | $1.5B | $-1.9M |
| 总资产 | $6.0B | $1.2B |
| 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NETWEST
| Q4 25 | $943.5M | $49.9M | ||
| Q3 25 | $1.1B | $34.0M | ||
| Q2 25 | $1.5B | $44.0M | ||
| Q1 25 | $204.5M | $33.1M | ||
| Q4 24 | $147.7M | $26.2M | ||
| Q3 24 | $182.9M | $22.4M | ||
| Q2 24 | $157.0M | $24.3M | ||
| Q1 24 | $254.4M | $12.6M |
总债务NETWEST
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETWEST
| Q4 25 | $1.5B | $-1.9M | ||
| Q3 25 | $1.3B | $11.4M | ||
| Q2 25 | $1.2B | $18.2M | ||
| Q1 25 | $1.4B | $71.4M | ||
| Q4 24 | $1.0B | $97.5M | ||
| Q3 24 | $973.1M | $110.3M | ||
| Q2 24 | $881.5M | $81.5M | ||
| Q1 24 | $797.2M | $91.7M |
总资产NETWEST
| Q4 25 | $6.0B | $1.2B | ||
| Q3 25 | $5.8B | $1.2B | ||
| Q2 25 | $5.6B | $1.2B | ||
| Q1 25 | $3.7B | $1.1B | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $2.9B | $1.1B | ||
| Q1 24 | $2.8B | $983.3M |
负债/权益比NETWEST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| 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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $27.8M |
| 自由现金流率自由现金流/营收 | 17.1% | 8.2% |
| 资本支出强度资本支出/营收 | 13.9% | 2.6% |
| 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 | $-107.8M |
8季度趋势，按日历期对齐
经营现金流NETWEST
| Q4 25 | $190.4M | $36.7M | ||
| Q3 25 | $167.1M | $-26.6M | ||
| Q2 25 | $99.8M | $-7.0M | ||
| Q1 25 | $145.8M | $-22.1M | ||
| Q4 24 | $127.3M | $2.8M | ||
| Q3 24 | $104.7M | $-332.0K | ||
| Q2 24 | $74.8M | $-23.7M | ||
| Q1 24 | $73.6M | $8.0M |
自由现金流NETWEST
| Q4 25 | $105.2M | $27.8M | ||
| Q3 25 | $82.5M | $-44.7M | ||
| Q2 25 | $39.9M | $-27.5M | ||
| Q1 25 | $59.9M | $-63.4M | ||
| Q4 24 | $54.2M | $-15.4M | ||
| Q3 24 | $54.5M | $-36.7M | ||
| Q2 24 | $45.2M | $-59.9M | ||
| Q1 24 | $41.5M | $-60.9M |
自由现金流率NETWEST
| Q4 25 | 17.1% | 8.2% | ||
| Q3 25 | 14.7% | -12.6% | ||
| Q2 25 | 7.8% | -9.8% | ||
| Q1 25 | 12.5% | -29.7% | ||
| Q4 24 | 11.8% | -6.7% | ||
| Q3 24 | 12.7% | -16.6% | ||
| Q2 24 | 11.3% | -28.7% | ||
| Q1 24 | 11.0% | -31.7% |
资本支出强度NETWEST
| Q4 25 | 13.9% | 2.6% | ||
| Q3 25 | 15.1% | 5.1% | ||
| Q2 25 | 11.7% | 7.3% | ||
| Q1 25 | 17.9% | 19.3% | ||
| Q4 24 | 15.9% | 7.9% | ||
| Q3 24 | 11.7% | 16.5% | ||
| Q2 24 | 7.4% | 17.4% | ||
| Q1 24 | 8.5% | 35.8% |
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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
