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Cloudflare, Inc.（NET）与W. P. Carey Inc.（WPC）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W. P. Carey Inc.的1.4倍（$614.5M vs $444.5M），W. P. Carey Inc.净利率更高（33.4% vs -2.0%，领先35.3%），Cloudflare, Inc.同比增速更快（33.6% vs 9.4%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 6.8%）
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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
NET vs WPC — 直观对比
营收规模更大
NET
是对方的1.4倍
$444.5M
营收增速更快
NET
高出24.2%
9.4%
净利率更高
WPC
高出35.3%
-2.0%
两年增速更快
NET
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $444.5M |
| 净利润 | $-12.1M | $148.3M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 34.5% |
| 净利率 | -2.0% | 33.4% |
| 营收同比 | 33.6% | 9.4% |
| 净利润同比 | 6.0% | 215.4% |
| 每股收益（稀释后） | $-0.03 | — |
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NETWPC
| Q4 25 | $614.5M | $444.5M | ||
| Q3 25 | $562.0M | $431.3M | ||
| Q2 25 | $512.3M | $430.8M | ||
| Q1 25 | $479.1M | $409.9M | ||
| Q4 24 | $459.9M | $406.2M | ||
| Q3 24 | $430.1M | $397.4M | ||
| Q2 24 | $401.0M | $389.7M | ||
| Q1 24 | $378.6M | $389.8M |
净利润NETWPC
| Q4 25 | $-12.1M | $148.3M | ||
| Q3 25 | $-1.3M | $141.0M | ||
| Q2 25 | $-50.4M | $51.2M | ||
| Q1 25 | $-38.5M | $125.8M | ||
| Q4 24 | $-12.8M | $47.0M | ||
| Q3 24 | $-15.3M | $111.7M | ||
| Q2 24 | $-15.1M | $142.9M | ||
| Q1 24 | $-35.5M | $159.2M |
毛利率NETWPC
| 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% | — | ||
| Q1 24 | 77.5% | — |
营业利润率NETWPC
| Q4 25 | -8.0% | 34.5% | ||
| Q3 25 | -6.7% | 34.7% | ||
| Q2 25 | -13.1% | 15.0% | ||
| Q1 25 | -11.1% | 33.5% | ||
| Q4 24 | -7.5% | 13.5% | ||
| Q3 24 | -7.2% | 30.4% | ||
| Q2 24 | -8.7% | 38.3% | ||
| Q1 24 | -14.4% | 43.0% |
净利率NETWPC
| Q4 25 | -2.0% | 33.4% | ||
| Q3 25 | -0.2% | 32.7% | ||
| Q2 25 | -9.8% | 11.9% | ||
| Q1 25 | -8.0% | 30.7% | ||
| Q4 24 | -2.8% | 11.6% | ||
| Q3 24 | -3.6% | 28.1% | ||
| Q2 24 | -3.8% | 36.7% | ||
| Q1 24 | -9.4% | 40.8% |
每股收益（稀释后）NETWPC
| 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 | — | ||
| Q1 24 | $-0.10 | — |
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 | $155.3M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $1.5B | $8.1B |
| 总资产 | $6.0B | $18.0B |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资NETWPC
| Q4 25 | $943.5M | $155.3M | ||
| Q3 25 | $1.1B | $249.0M | ||
| Q2 25 | $1.5B | $244.8M | ||
| Q1 25 | $204.5M | $187.8M | ||
| Q4 24 | $147.7M | $640.4M | ||
| Q3 24 | $182.9M | $818.2M | ||
| Q2 24 | $157.0M | $1.1B | ||
| Q1 24 | $254.4M | $777.0M |
总债务NETWPC
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $8.1B | ||
| Q1 24 | — | $7.9B |
股东权益NETWPC
| Q4 25 | $1.5B | $8.1B | ||
| Q3 25 | $1.3B | $8.2B | ||
| Q2 25 | $1.2B | $8.2B | ||
| Q1 25 | $1.4B | $8.4B | ||
| Q4 24 | $1.0B | $8.4B | ||
| Q3 24 | $973.1M | $8.6B | ||
| Q2 24 | $881.5M | $8.6B | ||
| Q1 24 | $797.2M | $8.7B |
总资产NETWPC
| Q4 25 | $6.0B | $18.0B | ||
| Q3 25 | $5.8B | $18.0B | ||
| Q2 25 | $5.6B | $18.0B | ||
| Q1 25 | $3.7B | $17.3B | ||
| Q4 24 | $3.3B | $17.5B | ||
| Q3 24 | $3.1B | $17.6B | ||
| Q2 24 | $2.9B | $17.8B | ||
| Q1 24 | $2.8B | $17.6B |
负债/权益比NETWPC
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 0.95× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.94× | ||
| Q1 24 | — | 0.91× |
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 | $304.6M |
| 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 | — | 2.05× |
| 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NETWPC
| Q4 25 | $190.4M | $304.6M | ||
| Q3 25 | $167.1M | $300.5M | ||
| Q2 25 | $99.8M | $404.0M | ||
| Q1 25 | $145.8M | $273.2M | ||
| Q4 24 | $127.3M | $296.3M | ||
| Q3 24 | $104.7M | $280.2M | ||
| Q2 24 | $74.8M | $221.0M | ||
| Q1 24 | $73.6M | $1.0B |
自由现金流NETWPC
| 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 | — | ||
| Q1 24 | $41.5M | — |
自由现金流率NETWPC
| 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% | — | ||
| Q1 24 | 11.0% | — |
资本支出强度NETWPC
| 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% | — | ||
| Q1 24 | 8.5% | — |
现金转化率NETWPC
| Q4 25 | — | 2.05× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 7.89× | ||
| Q1 25 | — | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 6.50× |
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% |
WPC
暂无分部数据
