vs
Cloudflare, Inc.（NET）与西联汇款（WU）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是Cloudflare, Inc.的1.6倍（$982.7M vs $614.5M），西联汇款净利率更高（6.6% vs -2.0%，领先8.5%），Cloudflare, Inc.同比增速更快（33.6% vs 0.0%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -1.9%）
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。
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，在全球范围内为个人及机构用户提供便捷的跨境汇款、支付等相关金融服务，凭借广泛的服务网点覆盖和成熟的业务体系，在跨境资金流转领域拥有较高的行业知名度。
NET vs WU — 直观对比
营收规模更大
WU
是对方的1.6倍
$614.5M
营收增速更快
NET
高出33.6%
0.0%
净利率更高
WU
高出8.5%
-2.0%
两年增速更快
NET
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $982.7M |
| 净利润 | $-12.1M | $64.7M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 12.5% |
| 净利率 | -2.0% | 6.6% |
| 营收同比 | 33.6% | 0.0% |
| 净利润同比 | 6.0% | -47.6% |
| 每股收益（稀释后） | $-0.03 | $0.41 |
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NETWU
| Q1 26 | — | $982.7M | ||
| Q4 25 | $614.5M | $972.0M | ||
| Q3 25 | $562.0M | $985.3M | ||
| Q2 25 | $512.3M | $983.6M | ||
| Q1 25 | $479.1M | $938.7M | ||
| Q4 24 | $459.9M | $1.0B | ||
| Q3 24 | $430.1M | $993.4M | ||
| Q2 24 | $401.0M | $1.0B |
净利润NETWU
| Q1 26 | — | $64.7M | ||
| Q4 25 | $-12.1M | $114.4M | ||
| Q3 25 | $-1.3M | $139.6M | ||
| Q2 25 | $-50.4M | $122.1M | ||
| Q1 25 | $-38.5M | $123.5M | ||
| Q4 24 | $-12.8M | $385.7M | ||
| Q3 24 | $-15.3M | $264.8M | ||
| Q2 24 | $-15.1M | $141.0M |
毛利率NETWU
| Q1 26 | — | — | ||
| Q4 25 | 73.6% | 33.6% | ||
| Q3 25 | 74.0% | 34.7% | ||
| Q2 25 | 74.9% | 34.6% | ||
| Q1 25 | 75.9% | 34.0% | ||
| Q4 24 | 76.4% | 35.0% | ||
| Q3 24 | 77.7% | 34.2% | ||
| Q2 24 | 77.8% | 35.0% |
营业利润率NETWU
| Q1 26 | — | 12.5% | ||
| Q4 25 | -8.0% | 19.1% | ||
| Q3 25 | -6.7% | 20.5% | ||
| Q2 25 | -13.1% | 19.6% | ||
| Q1 25 | -11.1% | 18.9% | ||
| Q4 24 | -7.5% | 17.5% | ||
| Q3 24 | -7.2% | 16.6% | ||
| Q2 24 | -8.7% | 18.7% |
净利率NETWU
| Q1 26 | — | 6.6% | ||
| Q4 25 | -2.0% | 11.8% | ||
| Q3 25 | -0.2% | 14.2% | ||
| Q2 25 | -9.8% | 12.4% | ||
| Q1 25 | -8.0% | 13.2% | ||
| Q4 24 | -2.8% | 37.9% | ||
| Q3 24 | -3.6% | 26.7% | ||
| Q2 24 | -3.8% | 13.8% |
每股收益（稀释后）NETWU
| Q1 26 | — | $0.41 | ||
| Q4 25 | $-0.03 | $0.36 | ||
| Q3 25 | $0.00 | $0.43 | ||
| Q2 25 | $-0.15 | $0.37 | ||
| Q1 25 | $-0.11 | $0.36 | ||
| Q4 24 | $-0.05 | $1.14 | ||
| Q3 24 | $-0.04 | $0.78 | ||
| Q2 24 | $-0.04 | $0.41 |
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 | $909.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $910.5M |
| 总资产 | $6.0B | $8.1B |
| 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NETWU
| Q1 26 | — | $909.2M | ||
| Q4 25 | $943.5M | $1.2B | ||
| Q3 25 | $1.1B | $947.8M | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $204.5M | $1.3B | ||
| Q4 24 | $147.7M | $1.5B | ||
| Q3 24 | $182.9M | $1.1B | ||
| Q2 24 | $157.0M | $1.0B |
总债务NETWU
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B |
股东权益NETWU
| Q1 26 | — | $910.5M | ||
| Q4 25 | $1.5B | $957.8M | ||
| Q3 25 | $1.3B | $925.4M | ||
| Q2 25 | $1.2B | $883.6M | ||
| Q1 25 | $1.4B | $939.4M | ||
| Q4 24 | $1.0B | $968.9M | ||
| Q3 24 | $973.1M | $652.7M | ||
| Q2 24 | $881.5M | $440.8M |
总资产NETWU
| Q1 26 | — | $8.1B | ||
| Q4 25 | $6.0B | $8.3B | ||
| Q3 25 | $5.8B | $7.8B | ||
| Q2 25 | $5.6B | $8.0B | ||
| Q1 25 | $3.7B | $8.3B | ||
| Q4 24 | $3.3B | $8.4B | ||
| Q3 24 | $3.1B | $7.7B | ||
| Q2 24 | $2.9B | $8.0B |
负债/权益比NETWU
| Q1 26 | — | — | ||
| Q4 25 | — | 3.01× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 3.04× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 4.88× |
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 | $109.0M |
| 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% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 1.68× |
| 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NETWU
| Q1 26 | — | $109.0M | ||
| Q4 25 | $190.4M | $135.4M | ||
| Q3 25 | $167.1M | $260.4M | ||
| Q2 25 | $99.8M | $-300.0K | ||
| Q1 25 | $145.8M | $148.2M | ||
| Q4 24 | $127.3M | $134.0M | ||
| Q3 24 | $104.7M | $212.1M | ||
| Q2 24 | $74.8M | $-33.8M |
自由现金流NETWU
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $115.5M | ||
| Q3 25 | $82.5M | $252.7M | ||
| Q2 25 | $39.9M | $-7.8M | ||
| Q1 25 | $59.9M | $144.8M | ||
| Q4 24 | $54.2M | $119.7M | ||
| Q3 24 | $54.5M | $205.1M | ||
| Q2 24 | $45.2M | $-38.9M |
自由现金流率NETWU
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 11.9% | ||
| Q3 25 | 14.7% | 25.6% | ||
| Q2 25 | 7.8% | -0.8% | ||
| Q1 25 | 12.5% | 15.4% | ||
| Q4 24 | 11.8% | 11.8% | ||
| Q3 24 | 12.7% | 20.6% | ||
| Q2 24 | 11.3% | -3.8% |
资本支出强度NETWU
| Q1 26 | — | 4.8% | ||
| Q4 25 | 13.9% | 2.0% | ||
| Q3 25 | 15.1% | 0.8% | ||
| Q2 25 | 11.7% | 0.8% | ||
| Q1 25 | 17.9% | 0.4% | ||
| Q4 24 | 15.9% | 1.4% | ||
| Q3 24 | 11.7% | 0.7% | ||
| Q2 24 | 7.4% | 0.5% |
现金转化率NETWU
| Q1 26 | — | 1.68× | ||
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.87× | ||
| Q2 25 | — | -0.00× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | -0.24× |
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% |
WU
暂无分部数据
