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Cloudflare, Inc.（NET）与Cactus, Inc.（WHD）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Cactus, Inc.的1.6倍（$639.8M vs $388.3M），Cactus, Inc.净利率更高（10.4% vs -3.6%，领先13.9%），Cactus, Inc.同比增速更快（38.5% vs 33.5%），过去两年Cloudflare, Inc.的营收复合增速更高（26.3% vs 15.6%）
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。
Cactus, Inc.旗下拥有Cactus Club Cafe，是源自加拿大不列颠哥伦比亚省北温哥华的高端休闲连锁餐饮品牌。目前品牌已在加拿大全境布局34家门店，覆盖不列颠哥伦比亚、阿尔伯塔、萨斯喀彻温、安大略等省份，同时在美国也设有门店，主打高品质休闲餐饮体验。
NET vs WHD — 直观对比
营收规模更大
NET
是对方的1.6倍
$388.3M
营收增速更快
WHD
高出5.0%
33.5%
净利率更高
WHD
高出13.9%
-3.6%
两年增速更快
NET
近两年复合增速
15.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $639.8M | $388.3M |
| 净利润 | $-22.9M | $40.2M |
| 毛利率 | 71.2% | — |
| 营业利润率 | 19.1% | 9.9% |
| 净利率 | -3.6% | 10.4% |
| 营收同比 | 33.5% | 38.5% |
| 净利润同比 | 40.4% | -25.7% |
| 每股收益（稀释后） | $-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NETWHD
| Q1 26 | $639.8M | $388.3M | ||
| Q4 25 | $614.5M | $261.2M | ||
| Q3 25 | $562.0M | $264.0M | ||
| Q2 25 | $512.3M | $273.6M | ||
| Q1 25 | $479.1M | $280.3M | ||
| Q4 24 | $459.9M | $272.1M | ||
| Q3 24 | $430.1M | $293.2M | ||
| Q2 24 | $401.0M | $290.4M |
净利润NETWHD
| Q1 26 | $-22.9M | $40.2M | ||
| Q4 25 | $-12.1M | $39.8M | ||
| Q3 25 | $-1.3M | $41.6M | ||
| Q2 25 | $-50.4M | $40.3M | ||
| Q1 25 | $-38.5M | $44.2M | ||
| Q4 24 | $-12.8M | $46.7M | ||
| Q3 24 | $-15.3M | $49.9M | ||
| Q2 24 | $-15.1M | $49.8M |
毛利率NETWHD
| Q1 26 | 71.2% | — | ||
| Q4 25 | 73.6% | 36.2% | ||
| Q3 25 | 74.0% | 36.8% | ||
| Q2 25 | 74.9% | 36.6% | ||
| Q1 25 | 75.9% | 38.4% | ||
| Q4 24 | 76.4% | 37.8% | ||
| Q3 24 | 77.7% | 39.0% | ||
| Q2 24 | 77.8% | 39.2% |
营业利润率NETWHD
| Q1 26 | 19.1% | 9.9% | ||
| Q4 25 | -8.0% | 22.9% | ||
| Q3 25 | -6.7% | 23.2% | ||
| Q2 25 | -13.1% | 22.2% | ||
| Q1 25 | -11.1% | 24.5% | ||
| Q4 24 | -7.5% | 25.9% | ||
| Q3 24 | -7.2% | 26.2% | ||
| Q2 24 | -8.7% | 27.5% |
净利率NETWHD
| Q1 26 | -3.6% | 10.4% | ||
| Q4 25 | -2.0% | 15.3% | ||
| Q3 25 | -0.2% | 15.8% | ||
| Q2 25 | -9.8% | 14.7% | ||
| Q1 25 | -8.0% | 15.8% | ||
| Q4 24 | -2.8% | 17.2% | ||
| Q3 24 | -3.6% | 17.0% | ||
| Q2 24 | -3.8% | 17.2% |
每股收益（稀释后）NETWHD
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $-0.15 | — | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.04 | — |
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 | $932.2M | $291.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.4B |
| 总资产 | $6.2B | $2.5B |
| 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NETWHD
| Q1 26 | $932.2M | $291.6M | ||
| Q4 25 | $943.5M | $123.6M | ||
| Q3 25 | $1.1B | $445.6M | ||
| Q2 25 | $1.5B | $405.2M | ||
| Q1 25 | $204.5M | $347.7M | ||
| Q4 24 | $147.7M | $342.8M | ||
| Q3 24 | $182.9M | $303.4M | ||
| Q2 24 | $157.0M | $246.5M |
总债务NETWHD
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益NETWHD
| Q1 26 | $1.5B | $1.4B | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $973.1M | $1.0B | ||
| Q2 24 | $881.5M | $954.7M |
总资产NETWHD
| Q1 26 | $6.2B | $2.5B | ||
| Q4 25 | $6.0B | $1.9B | ||
| Q3 25 | $5.8B | $1.9B | ||
| Q2 25 | $5.6B | $1.8B | ||
| Q1 25 | $3.7B | $1.8B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $2.9B | $1.6B |
负债/权益比NETWHD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | $158.3M | $128.3M |
| 自由现金流经营现金流 - 资本支出 | $84.1M | — |
| 自由现金流率自由现金流/营收 | 13.1% | — |
| 资本支出强度资本支出/营收 | — | 2.5% |
| 现金转化率经营现金流/净利润 | — | 3.19× |
| 过去12个月自由现金流最近4个季度 | $311.7M | — |
8季度趋势，按日历期对齐
经营现金流NETWHD
| Q1 26 | $158.3M | $128.3M | ||
| Q4 25 | $190.4M | $72.3M | ||
| Q3 25 | $167.1M | $61.8M | ||
| Q2 25 | $99.8M | $82.8M | ||
| Q1 25 | $145.8M | $41.5M | ||
| Q4 24 | $127.3M | $66.6M | ||
| Q3 24 | $104.7M | $85.3M | ||
| Q2 24 | $74.8M | $78.0M |
自由现金流NETWHD
| Q1 26 | $84.1M | — | ||
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | — | ||
| Q2 25 | $39.9M | — | ||
| Q1 25 | $59.9M | — | ||
| Q4 24 | $54.2M | — | ||
| Q3 24 | $54.5M | — | ||
| Q2 24 | $45.2M | — |
自由现金流率NETWHD
| Q1 26 | 13.1% | — | ||
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 11.3% | — |
资本支出强度NETWHD
| Q1 26 | — | 2.5% | ||
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 7.4% | — |
现金转化率NETWHD
| Q1 26 | — | 3.19× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.71× | ||
| Q2 24 | — | 1.56× |
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
暂无分部数据
WHD
| Revenue | $300.2M | 77% |
| Other | $88.2M | 23% |
