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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and Criteo S.A. (CRTO). Click either name above to swap in a different company.
Circle Internet Group, Inc. is the larger business by last-quarter revenue ($739.8M vs $482.7M, roughly 1.5× Criteo S.A.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 4.4%, a 24.6% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 2.4%). Circle Internet Group, Inc. produced more free cash flow last quarter ($-14.7M vs $-36.6M).
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
Criteo S.A. is an advertising company that provides online display advertisements. The company was founded and is headquartered in Paris, France.
CRCL vs CRTO — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $482.7M |
| Net Profit | $214.4M | $21.3M |
| Gross Margin | — | 53.6% |
| Operating Margin | 11.0% | 6.3% |
| Net Margin | 29.0% | 4.4% |
| Revenue YoY | 5113.5% | 2.4% |
| Net Profit YoY | 202.0% | -21.3% |
| EPS (diluted) | $0.64 | $0.39 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q3 25 | $739.8M | — | ||
| Q2 25 | $658.1M | $482.7M | ||
| Q1 25 | — | $451.4M | ||
| Q4 24 | — | $553.0M | ||
| Q3 24 | — | $458.9M | ||
| Q2 24 | $6.8M | $471.3M | ||
| Q1 24 | — | $450.1M | ||
| Q4 23 | — | $566.3M |
| Q3 25 | $214.4M | — | ||
| Q2 25 | $-482.1M | $21.3M | ||
| Q1 25 | — | $37.9M | ||
| Q4 24 | — | $71.1M | ||
| Q3 24 | — | $6.2M | ||
| Q2 24 | $32.9M | $27.0M | ||
| Q1 24 | — | $7.2M | ||
| Q4 23 | — | $61.0M |
| Q3 25 | — | — | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 52.5% | ||
| Q4 24 | — | 54.4% | ||
| Q3 24 | — | 50.5% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 48.3% | ||
| Q4 23 | — | 48.8% |
| Q3 25 | 11.0% | — | ||
| Q2 25 | -49.5% | 6.3% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 2.3% | ||
| Q4 23 | — | 15.6% |
| Q3 25 | 29.0% | — | ||
| Q2 25 | -73.3% | 4.4% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | 486.5% | 5.7% | ||
| Q1 24 | — | 1.6% | ||
| Q4 23 | — | 10.8% |
| Q3 25 | $0.64 | — | ||
| Q2 25 | $-4.48 | $0.39 | ||
| Q1 25 | — | $0.66 | ||
| Q4 24 | — | $1.21 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | $0.00 | $0.46 | ||
| Q1 24 | — | $0.12 | ||
| Q4 23 | — | $1.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $223.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $1.1B |
| Total Assets | $76.8B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.1B | $223.6M | ||
| Q1 25 | — | $313.2M | ||
| Q4 24 | — | $316.9M | ||
| Q3 24 | — | $231.8M | ||
| Q2 24 | $457.5M | $233.2M | ||
| Q1 24 | — | $278.1M | ||
| Q4 23 | — | $342.3M |
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.4B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $460.9M | $1.0B | ||
| Q1 24 | — | $1.0B | ||
| Q4 23 | — | $1.1B |
| Q3 25 | $76.8B | — | ||
| Q2 25 | $64.2B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.2B | ||
| Q4 23 | — | $2.4B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.7M | $-1.4M |
| Free Cash FlowOCF − Capex | $-14.7M | $-36.6M |
| FCF MarginFCF / Revenue | -2.0% | -7.6% |
| Capex IntensityCapex / Revenue | 0.5% | 7.3% |
| Cash ConversionOCF / Net Profit | -0.05× | -0.07× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-10.7M | — | ||
| Q2 25 | $303.7M | $-1.4M | ||
| Q1 25 | — | $62.3M | ||
| Q4 24 | — | $169.5M | ||
| Q3 24 | — | $57.5M | ||
| Q2 24 | — | $17.2M | ||
| Q1 24 | — | $14.0M | ||
| Q4 23 | — | $161.3M |
| Q3 25 | $-14.7M | — | ||
| Q2 25 | $296.3M | $-36.6M | ||
| Q1 25 | — | $45.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-4.0M | ||
| Q1 24 | — | $173.0K | ||
| Q4 23 | — | — |
| Q3 25 | -2.0% | — | ||
| Q2 25 | 45.0% | -7.6% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.9% | ||
| Q1 24 | — | 0.0% | ||
| Q4 23 | — | — |
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.1% | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 3.1% | ||
| Q4 23 | — | — |
| Q3 25 | -0.05× | — | ||
| Q2 25 | — | -0.07× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 9.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 1.93× | ||
| Q4 23 | — | 2.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCL
Segment breakdown not available.
CRTO
| Commerce Growth | $393.9M | 82% |
| Retail Media | $60.9M | 13% |
| Other | $27.9M | 6% |
