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Cloudflare, Inc.（NET）与EXPRO GROUP HOLDINGS N.V.（XPRO）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EXPRO GROUP HOLDINGS N.V.的1.6倍（$614.5M vs $382.1M），EXPRO GROUP HOLDINGS N.V.净利率更高（1.5% vs -2.0%，领先3.5%），Cloudflare, Inc.同比增速更快（33.6% vs -12.5%），Cloudflare, Inc.自由现金流更多（$105.2M vs $23.2M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -0.2%）
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。
Expro是一家能源服务提供商，总部位于美国得克萨斯州休斯敦，主要为油气等能源领域的客户提供相关技术服务与解决方案，业务覆盖全球多个主要能源产区，助力行业实现高效、安全的开发运营。
NET vs XPRO — 直观对比
营收规模更大
NET
是对方的1.6倍
$382.1M
营收增速更快
NET
高出46.1%
-12.5%
净利率更高
XPRO
高出3.5%
-2.0%
自由现金流更多
NET
多$82.0M
$23.2M
两年增速更快
NET
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $382.1M |
| 净利润 | $-12.1M | $5.8M |
| 毛利率 | 73.6% | — |
| 营业利润率 | -8.0% | 3.1% |
| 净利率 | -2.0% | 1.5% |
| 营收同比 | 33.6% | -12.5% |
| 净利润同比 | 6.0% | -74.9% |
| 每股收益（稀释后） | $-0.03 | $0.05 |
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NETXPRO
| Q4 25 | $614.5M | $382.1M | ||
| Q3 25 | $562.0M | $411.4M | ||
| Q2 25 | $512.3M | $422.7M | ||
| Q1 25 | $479.1M | $390.9M | ||
| Q4 24 | $459.9M | $436.8M | ||
| Q3 24 | $430.1M | $422.8M | ||
| Q2 24 | $401.0M | $469.6M | ||
| Q1 24 | $378.6M | $383.5M |
净利润NETXPRO
| Q4 25 | $-12.1M | $5.8M | ||
| Q3 25 | $-1.3M | $14.0M | ||
| Q2 25 | $-50.4M | $18.0M | ||
| Q1 25 | $-38.5M | $13.9M | ||
| Q4 24 | $-12.8M | $23.0M | ||
| Q3 24 | $-15.3M | $16.3M | ||
| Q2 24 | $-15.1M | $15.3M | ||
| Q1 24 | $-35.5M | $-2.7M |
毛利率NETXPRO
| 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NETXPRO
| Q4 25 | -8.0% | 3.1% | ||
| Q3 25 | -6.7% | 6.4% | ||
| Q2 25 | -13.1% | 7.7% | ||
| Q1 25 | -11.1% | 2.6% | ||
| Q4 24 | -7.5% | 7.3% | ||
| Q3 24 | -7.2% | 6.2% | ||
| Q2 24 | -8.7% | 5.9% | ||
| Q1 24 | -14.4% | 2.2% |
净利率NETXPRO
| Q4 25 | -2.0% | 1.5% | ||
| Q3 25 | -0.2% | 3.4% | ||
| Q2 25 | -9.8% | 4.3% | ||
| Q1 25 | -8.0% | 3.6% | ||
| Q4 24 | -2.8% | 5.3% | ||
| Q3 24 | -3.6% | 3.8% | ||
| Q2 24 | -3.8% | 3.3% | ||
| Q1 24 | -9.4% | -0.7% |
每股收益（稀释后）NETXPRO
| Q4 25 | $-0.03 | $0.05 | ||
| Q3 25 | $0.00 | $0.12 | ||
| Q2 25 | $-0.15 | $0.16 | ||
| Q1 25 | $-0.11 | $0.12 | ||
| Q4 24 | $-0.05 | $0.20 | ||
| Q3 24 | $-0.04 | $0.14 | ||
| Q2 24 | $-0.04 | $0.13 | ||
| Q1 24 | $-0.10 | $-0.02 |
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 | $196.1M |
| 总债务越低越好 | — | $79.1M |
| 股东权益账面价值 | $1.5B | $1.5B |
| 总资产 | $6.0B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资NETXPRO
| Q4 25 | $943.5M | $196.1M | ||
| Q3 25 | $1.1B | $197.9M | ||
| Q2 25 | $1.5B | $206.8M | ||
| Q1 25 | $204.5M | $179.3M | ||
| Q4 24 | $147.7M | $183.0M | ||
| Q3 24 | $182.9M | $165.7M | ||
| Q2 24 | $157.0M | $133.5M | ||
| Q1 24 | $254.4M | $163.2M |
总债务NETXPRO
| Q4 25 | — | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | — | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M | ||
| Q1 24 | — | $40.0M |
股东权益NETXPRO
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $973.1M | $1.5B | ||
| Q2 24 | $881.5M | $1.5B | ||
| Q1 24 | $797.2M | $1.3B |
总资产NETXPRO
| Q4 25 | $6.0B | $2.3B | ||
| Q3 25 | $5.8B | $2.3B | ||
| Q2 25 | $5.6B | $2.3B | ||
| Q1 25 | $3.7B | $2.3B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $2.9B | $2.3B | ||
| Q1 24 | $2.8B | $2.0B |
负债/权益比NETXPRO
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.03× |
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 | $57.1M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $23.2M |
| 自由现金流率自由现金流/营收 | 17.1% | 6.1% |
| 资本支出强度资本支出/营收 | 13.9% | 8.9% |
| 现金转化率经营现金流/净利润 | — | 9.89× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $97.8M |
8季度趋势，按日历期对齐
经营现金流NETXPRO
| Q4 25 | $190.4M | $57.1M | ||
| Q3 25 | $167.1M | $63.2M | ||
| Q2 25 | $99.8M | $48.4M | ||
| Q1 25 | $145.8M | $41.5M | ||
| Q4 24 | $127.3M | $97.4M | ||
| Q3 24 | $104.7M | $55.3M | ||
| Q2 24 | $74.8M | $-13.2M | ||
| Q1 24 | $73.6M | $29.9M |
自由现金流NETXPRO
| Q4 25 | $105.2M | $23.2M | ||
| Q3 25 | $82.5M | $39.0M | ||
| Q2 25 | $39.9M | $27.2M | ||
| Q1 25 | $59.9M | $8.4M | ||
| Q4 24 | $54.2M | $53.0M | ||
| Q3 24 | $54.5M | $23.3M | ||
| Q2 24 | $45.2M | $-49.5M | ||
| Q1 24 | $41.5M | $-801.0K |
自由现金流率NETXPRO
| Q4 25 | 17.1% | 6.1% | ||
| Q3 25 | 14.7% | 9.5% | ||
| Q2 25 | 7.8% | 6.4% | ||
| Q1 25 | 12.5% | 2.1% | ||
| Q4 24 | 11.8% | 12.1% | ||
| Q3 24 | 12.7% | 5.5% | ||
| Q2 24 | 11.3% | -10.5% | ||
| Q1 24 | 11.0% | -0.2% |
资本支出强度NETXPRO
| Q4 25 | 13.9% | 8.9% | ||
| Q3 25 | 15.1% | 5.9% | ||
| Q2 25 | 11.7% | 5.0% | ||
| Q1 25 | 17.9% | 8.5% | ||
| Q4 24 | 15.9% | 10.2% | ||
| Q3 24 | 11.7% | 7.6% | ||
| Q2 24 | 7.4% | 7.7% | ||
| Q1 24 | 8.5% | 8.0% |
现金转化率NETXPRO
| Q4 25 | — | 9.89× | ||
| Q3 25 | — | 4.52× | ||
| Q2 25 | — | 2.69× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | — | 4.23× | ||
| Q3 24 | — | 3.40× | ||
| Q2 24 | — | -0.86× | ||
| Q1 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% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
