vs
Cloudflare, Inc.（NET）与威德福国际（WFRD）财务数据对比。点击上方公司名可切换其他公司
威德福国际的季度营收约是Cloudflare, Inc.的1.9倍（$1.2B vs $614.5M），威德福国际净利率更高（9.5% vs -2.0%，领先11.4%），Cloudflare, Inc.同比增速更快（33.6% vs -8.3%），Cloudflare, Inc.自由现金流更多（$105.2M vs $85.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -9.5%）
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。
威德福国际是一家美国跨国油田服务企业，总部位于美国，业务覆盖全球75个国家的油气产区，为油气井的钻探、评估、完井、生产及修井作业提供专业技术设备与相关服务，在全球油田服务领域拥有广泛布局。
NET vs WFRD — 直观对比
营收规模更大
WFRD
是对方的1.9倍
$614.5M
营收增速更快
NET
高出41.9%
-8.3%
净利率更高
WFRD
高出11.4%
-2.0%
自由现金流更多
NET
多$20.2M
$85.0M
两年增速更快
NET
近两年复合增速
-9.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $1.2B |
| 净利润 | $-12.1M | $109.0M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 10.7% |
| 净利率 | -2.0% | 9.5% |
| 营收同比 | 33.6% | -8.3% |
| 净利润同比 | 6.0% | -21.6% |
| 每股收益（稀释后） | $-0.03 | $1.49 |
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NETWFRD
| Q1 26 | — | $1.2B | ||
| Q4 25 | $614.5M | $1.3B | ||
| Q3 25 | $562.0M | $1.2B | ||
| Q2 25 | $512.3M | $1.2B | ||
| Q1 25 | $479.1M | $1.2B | ||
| Q4 24 | $459.9M | $1.3B | ||
| Q3 24 | $430.1M | $1.4B | ||
| Q2 24 | $401.0M | $1.4B |
净利润NETWFRD
| Q1 26 | — | $109.0M | ||
| Q4 25 | $-12.1M | $138.0M | ||
| Q3 25 | $-1.3M | $81.0M | ||
| Q2 25 | $-50.4M | $136.0M | ||
| Q1 25 | $-38.5M | $76.0M | ||
| Q4 24 | $-12.8M | $112.0M | ||
| Q3 24 | $-15.3M | $157.0M | ||
| Q2 24 | $-15.1M | $125.0M |
毛利率NETWFRD
| 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NETWFRD
| Q1 26 | — | 10.7% | ||
| Q4 25 | -8.0% | 15.4% | ||
| Q3 25 | -6.7% | 14.4% | ||
| Q2 25 | -13.1% | 19.7% | ||
| Q1 25 | -11.1% | 11.9% | ||
| Q4 24 | -7.5% | 14.8% | ||
| Q3 24 | -7.2% | 17.2% | ||
| Q2 24 | -8.7% | 18.8% |
净利率NETWFRD
| Q1 26 | — | 9.5% | ||
| Q4 25 | -2.0% | 10.7% | ||
| Q3 25 | -0.2% | 6.6% | ||
| Q2 25 | -9.8% | 11.3% | ||
| Q1 25 | -8.0% | 6.4% | ||
| Q4 24 | -2.8% | 8.4% | ||
| Q3 24 | -3.6% | 11.1% | ||
| Q2 24 | -3.8% | 8.9% |
每股收益（稀释后）NETWFRD
| Q1 26 | — | $1.49 | ||
| Q4 25 | $-0.03 | $1.91 | ||
| Q3 25 | $0.00 | $1.12 | ||
| Q2 25 | $-0.15 | $1.87 | ||
| Q1 25 | $-0.11 | $1.03 | ||
| Q4 24 | $-0.05 | $1.53 | ||
| Q3 24 | $-0.04 | $2.06 | ||
| Q2 24 | $-0.04 | $1.66 |
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 | $1.0B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $1.5B | $1.8B |
| 总资产 | $6.0B | — |
| 负债/权益比越低杠杆越低 | — | 0.84× |
8季度趋势，按日历期对齐
现金及短期投资NETWFRD
| Q1 26 | — | $1.0B | ||
| Q4 25 | $943.5M | $987.0M | ||
| Q3 25 | $1.1B | $967.0M | ||
| Q2 25 | $1.5B | $943.0M | ||
| Q1 25 | $204.5M | $873.0M | ||
| Q4 24 | $147.7M | $916.0M | ||
| Q3 24 | $182.9M | $920.0M | ||
| Q2 24 | $157.0M | $862.0M |
总债务NETWFRD
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
股东权益NETWFRD
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $973.1M | $1.3B | ||
| Q2 24 | $881.5M | $1.2B |
总资产NETWFRD
| Q1 26 | — | — | ||
| Q4 25 | $6.0B | $5.2B | ||
| Q3 25 | $5.8B | $5.3B | ||
| Q2 25 | $5.6B | $5.1B | ||
| Q1 25 | $3.7B | $5.1B | ||
| Q4 24 | $3.3B | $5.2B | ||
| Q3 24 | $3.1B | $5.2B | ||
| Q2 24 | $2.9B | $5.1B |
负债/权益比NETWFRD
| Q1 26 | — | 0.84× | ||
| Q4 25 | — | 0.86× | ||
| Q3 25 | — | 0.94× | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | 1.21× | ||
| Q2 24 | — | 1.33× |
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 | $136.0M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $85.0M |
| 自由现金流率自由现金流/营收 | 17.1% | 7.4% |
| 资本支出强度资本支出/营收 | 13.9% | 4.7% |
| 现金转化率经营现金流/净利润 | — | 1.25× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $470.0M |
8季度趋势，按日历期对齐
经营现金流NETWFRD
| Q1 26 | — | $136.0M | ||
| Q4 25 | $190.4M | $268.0M | ||
| Q3 25 | $167.1M | $138.0M | ||
| Q2 25 | $99.8M | $128.0M | ||
| Q1 25 | $145.8M | $142.0M | ||
| Q4 24 | $127.3M | $249.0M | ||
| Q3 24 | $104.7M | $262.0M | ||
| Q2 24 | $74.8M | $150.0M |
自由现金流NETWFRD
| Q1 26 | — | $85.0M | ||
| Q4 25 | $105.2M | $217.0M | ||
| Q3 25 | $82.5M | $94.0M | ||
| Q2 25 | $39.9M | $74.0M | ||
| Q1 25 | $59.9M | $65.0M | ||
| Q4 24 | $54.2M | $149.0M | ||
| Q3 24 | $54.5M | $184.0M | ||
| Q2 24 | $45.2M | $88.0M |
自由现金流率NETWFRD
| Q1 26 | — | 7.4% | ||
| Q4 25 | 17.1% | 16.8% | ||
| Q3 25 | 14.7% | 7.6% | ||
| Q2 25 | 7.8% | 6.1% | ||
| Q1 25 | 12.5% | 5.4% | ||
| Q4 24 | 11.8% | 11.1% | ||
| Q3 24 | 12.7% | 13.1% | ||
| Q2 24 | 11.3% | 6.3% |
资本支出强度NETWFRD
| Q1 26 | — | 4.7% | ||
| Q4 25 | 13.9% | 4.0% | ||
| Q3 25 | 15.1% | 3.6% | ||
| Q2 25 | 11.7% | 4.5% | ||
| Q1 25 | 17.9% | 6.5% | ||
| Q4 24 | 15.9% | 7.5% | ||
| Q3 24 | 11.7% | 5.5% | ||
| Q2 24 | 7.4% | 4.4% |
现金转化率NETWFRD
| Q1 26 | — | 1.25× | ||
| Q4 25 | — | 1.94× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 1.87× | ||
| Q4 24 | — | 2.22× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.20× |
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% |
WFRD
| Middle East/North Africa/Asia | $556.0M | 48% |
| Other | $360.0M | 31% |
| Europe/Sub-Sahara Africa/Russia | $236.0M | 20% |
