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Cloudflare, Inc.（NET）与YETI Holdings, Inc.（YETI）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YETI Holdings, Inc.的1.3倍（$614.5M vs $487.8M），YETI Holdings, Inc.净利率更高（8.1% vs -2.0%，领先10.0%），Cloudflare, Inc.同比增速更快（33.6% vs 1.9%），Cloudflare, Inc.自由现金流更多（$105.2M vs $89.1M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs -3.1%）
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。
YETI Holdings, Inc.是源自美国的户外休闲产品品牌，总部位于得克萨斯州奥斯汀，主打户外耐用品，产品线涵盖保温箱、真空隔热不锈钢饮具、软质冷却包、防水干燥袋及各类相关配件，产品主打耐用性与保温保冷性能，深受户外爱好者青睐。
NET vs YETI — 直观对比
营收规模更大
NET
是对方的1.3倍
$487.8M
营收增速更快
NET
高出31.7%
1.9%
净利率更高
YETI
高出10.0%
-2.0%
自由现金流更多
NET
多$16.1M
$89.1M
两年增速更快
NET
近两年复合增速
-3.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.5M | $487.8M |
| 净利润 | $-12.1M | $39.4M |
| 毛利率 | 73.6% | 55.9% |
| 营业利润率 | -8.0% | 11.1% |
| 净利率 | -2.0% | 8.1% |
| 营收同比 | 33.6% | 1.9% |
| 净利润同比 | 6.0% | -30.0% |
| 每股收益（稀释后） | $-0.03 | $0.48 |
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NETYETI
| Q4 25 | $614.5M | — | ||
| Q3 25 | $562.0M | $487.8M | ||
| Q2 25 | $512.3M | $445.9M | ||
| Q1 25 | $479.1M | $351.1M | ||
| Q4 24 | $459.9M | $546.5M | ||
| Q3 24 | $430.1M | $478.4M | ||
| Q2 24 | $401.0M | $463.5M | ||
| Q1 24 | $378.6M | $341.4M |
净利润NETYETI
| Q4 25 | $-12.1M | — | ||
| Q3 25 | $-1.3M | $39.4M | ||
| Q2 25 | $-50.4M | $51.2M | ||
| Q1 25 | $-38.5M | $16.6M | ||
| Q4 24 | $-12.8M | $53.2M | ||
| Q3 24 | $-15.3M | $56.3M | ||
| Q2 24 | $-15.1M | $50.4M | ||
| Q1 24 | $-35.5M | $15.9M |
毛利率NETYETI
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | 55.9% | ||
| Q2 25 | 74.9% | 57.8% | ||
| Q1 25 | 75.9% | 57.4% | ||
| Q4 24 | 76.4% | 59.7% | ||
| Q3 24 | 77.7% | 58.0% | ||
| Q2 24 | 77.8% | 57.0% | ||
| Q1 24 | 77.5% | 57.1% |
营业利润率NETYETI
| Q4 25 | -8.0% | — | ||
| Q3 25 | -6.7% | 11.1% | ||
| Q2 25 | -13.1% | 13.9% | ||
| Q1 25 | -11.1% | 6.2% | ||
| Q4 24 | -7.5% | 15.1% | ||
| Q3 24 | -7.2% | 14.6% | ||
| Q2 24 | -8.7% | 14.5% | ||
| Q1 24 | -14.4% | 7.6% |
净利率NETYETI
| Q4 25 | -2.0% | — | ||
| Q3 25 | -0.2% | 8.1% | ||
| Q2 25 | -9.8% | 11.5% | ||
| Q1 25 | -8.0% | 4.7% | ||
| Q4 24 | -2.8% | 9.7% | ||
| Q3 24 | -3.6% | 11.8% | ||
| Q2 24 | -3.8% | 10.9% | ||
| Q1 24 | -9.4% | 4.6% |
每股收益（稀释后）NETYETI
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $0.00 | $0.48 | ||
| Q2 25 | $-0.15 | $0.61 | ||
| Q1 25 | $-0.11 | $0.20 | ||
| Q4 24 | $-0.05 | $0.62 | ||
| Q3 24 | $-0.04 | $0.66 | ||
| Q2 24 | $-0.04 | $0.59 | ||
| Q1 24 | $-0.10 | $0.18 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $702.6M |
| 总资产 | $6.0B | $1.3B |
| 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NETYETI
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $204.5M | — | ||
| Q4 24 | $147.7M | — | ||
| Q3 24 | $182.9M | — | ||
| Q2 24 | $157.0M | — | ||
| Q1 24 | $254.4M | — |
总债务NETYETI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $72.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NETYETI
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $702.6M | ||
| Q2 25 | $1.2B | $802.7M | ||
| Q1 25 | $1.4B | $764.3M | ||
| Q4 24 | $1.0B | $740.1M | ||
| Q3 24 | $973.1M | $770.0M | ||
| Q2 24 | $881.5M | $705.9M | ||
| Q1 24 | $797.2M | $646.9M |
总资产NETYETI
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | $1.3B | ||
| Q2 25 | $5.6B | $1.3B | ||
| Q1 25 | $3.7B | $1.2B | ||
| Q4 24 | $3.3B | $1.3B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $2.9B | $1.2B | ||
| Q1 24 | $2.8B | $1.1B |
负债/权益比NETYETI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $100.9M |
| 自由现金流经营现金流 - 资本支出 | $105.2M | $89.1M |
| 自由现金流率自由现金流/营收 | 17.1% | 18.3% |
| 资本支出强度资本支出/营收 | 13.9% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 2.56× |
| 过去12个月自由现金流最近4个季度 | $287.5M | $265.2M |
8季度趋势，按日历期对齐
经营现金流NETYETI
| Q4 25 | $190.4M | — | ||
| Q3 25 | $167.1M | $100.9M | ||
| Q2 25 | $99.8M | $61.2M | ||
| Q1 25 | $145.8M | $-80.3M | ||
| Q4 24 | $127.3M | $225.6M | ||
| Q3 24 | $104.7M | $83.5M | ||
| Q2 24 | $74.8M | $56.0M | ||
| Q1 24 | $73.6M | $-103.7M |
自由现金流NETYETI
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | $89.1M | ||
| Q2 25 | $39.9M | $50.2M | ||
| Q1 25 | $59.9M | $-89.2M | ||
| Q4 24 | $54.2M | $215.1M | ||
| Q3 24 | $54.5M | $73.8M | ||
| Q2 24 | $45.2M | $45.0M | ||
| Q1 24 | $41.5M | $-114.3M |
自由现金流率NETYETI
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | 18.3% | ||
| Q2 25 | 7.8% | 11.2% | ||
| Q1 25 | 12.5% | -25.4% | ||
| Q4 24 | 11.8% | 39.4% | ||
| Q3 24 | 12.7% | 15.4% | ||
| Q2 24 | 11.3% | 9.7% | ||
| Q1 24 | 11.0% | -33.5% |
资本支出强度NETYETI
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | 2.4% | ||
| Q2 25 | 11.7% | 2.5% | ||
| Q1 25 | 17.9% | 2.5% | ||
| Q4 24 | 15.9% | 1.9% | ||
| Q3 24 | 11.7% | 2.0% | ||
| Q2 24 | 7.4% | 2.4% | ||
| Q1 24 | 8.5% | 3.1% |
现金转化率NETYETI
| Q4 25 | — | — | ||
| Q3 25 | — | 2.56× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | -4.83× | ||
| Q4 24 | — | 4.24× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.11× | ||
| Q1 24 | — | -6.54× |
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% |
YETI
| Drinkware | $263.8M | 54% |
| Coolers And Equipment | $215.4M | 44% |
| Other | $8.6M | 2% |
