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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and INTERPARFUMS INC (IPAR). 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 $386.2M, roughly 1.9× INTERPARFUMS INC). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 7.3%, a 21.7% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 6.8%). INTERPARFUMS INC produced more free cash flow last quarter ($145.0M vs $-14.7M).

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.

Inter Parfums Inc is a global prestige fragrance firm that develops, manufactures and distributes perfumes, body care and related cosmetics. It partners with top luxury fashion and lifestyle brands to launch licensed fragrance lines, serving consumers across North America, Europe, Asia Pacific and other key markets via department stores, beauty retailers and official e-commerce channels.

CRCL vs IPAR — Head-to-Head

Bigger by revenue
CRCL
CRCL
1.9× larger
CRCL
$739.8M
$386.2M
IPAR
Growing faster (revenue YoY)
CRCL
CRCL
+5106.7% gap
CRCL
5113.5%
6.8%
IPAR
Higher net margin
CRCL
CRCL
21.7% more per $
CRCL
29.0%
7.3%
IPAR
More free cash flow
IPAR
IPAR
$159.7M more FCF
IPAR
$145.0M
$-14.7M
CRCL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CRCL
CRCL
IPAR
IPAR
Revenue
$739.8M
$386.2M
Net Profit
$214.4M
$28.1M
Gross Margin
61.5%
Operating Margin
11.0%
7.1%
Net Margin
29.0%
7.3%
Revenue YoY
5113.5%
6.8%
Net Profit YoY
202.0%
16.0%
EPS (diluted)
$0.64
$0.88

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.

Revenue
CRCL
CRCL
IPAR
IPAR
Q4 25
$386.2M
Q3 25
$739.8M
$429.6M
Q2 25
$658.1M
$333.9M
Q1 25
$338.8M
Q4 24
$361.5M
Q3 24
$424.6M
Q2 24
$6.8M
$342.2M
Q1 24
$324.0M
Net Profit
CRCL
CRCL
IPAR
IPAR
Q4 25
$28.1M
Q3 25
$214.4M
$65.8M
Q2 25
$-482.1M
$32.0M
Q1 25
$42.5M
Q4 24
$24.2M
Q3 24
$62.3M
Q2 24
$32.9M
$36.8M
Q1 24
$41.0M
Gross Margin
CRCL
CRCL
IPAR
IPAR
Q4 25
61.5%
Q3 25
63.5%
Q2 25
66.2%
Q1 25
63.7%
Q4 24
64.5%
Q3 24
63.9%
Q2 24
64.5%
Q1 24
62.5%
Operating Margin
CRCL
CRCL
IPAR
IPAR
Q4 25
7.1%
Q3 25
11.0%
25.3%
Q2 25
-49.5%
17.7%
Q1 25
22.2%
Q4 24
10.0%
Q3 24
25.0%
Q2 24
18.9%
Q1 24
21.0%
Net Margin
CRCL
CRCL
IPAR
IPAR
Q4 25
7.3%
Q3 25
29.0%
15.3%
Q2 25
-73.3%
9.6%
Q1 25
12.5%
Q4 24
6.7%
Q3 24
14.7%
Q2 24
486.5%
10.8%
Q1 24
12.7%
EPS (diluted)
CRCL
CRCL
IPAR
IPAR
Q4 25
$0.88
Q3 25
$0.64
$2.05
Q2 25
$-4.48
$0.99
Q1 25
$1.32
Q4 24
$0.78
Q3 24
$1.93
Q2 24
$0.00
$1.14
Q1 24
$1.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRCL
CRCL
IPAR
IPAR
Cash + ST InvestmentsLiquidity on hand
$1.3B
$137.1M
Total DebtLower is stronger
$176.0M
Stockholders' EquityBook value
$3.0B
$880.7M
Total Assets
$76.8B
$1.6B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRCL
CRCL
IPAR
IPAR
Q4 25
$137.1M
Q3 25
$1.3B
$77.5M
Q2 25
$1.1B
$53.9M
Q1 25
$75.3M
Q4 24
$109.3M
Q3 24
$78.8M
Q2 24
$457.5M
$37.7M
Q1 24
$76.1M
Total Debt
CRCL
CRCL
IPAR
IPAR
Q4 25
$176.0M
Q3 25
Q2 25
Q1 25
Q4 24
$157.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CRCL
CRCL
IPAR
IPAR
Q4 25
$880.7M
Q3 25
$3.0B
$870.9M
Q2 25
$2.4B
$839.4M
Q1 25
$788.6M
Q4 24
$744.9M
Q3 24
$778.5M
Q2 24
$460.9M
$717.1M
Q1 24
$708.1M
Total Assets
CRCL
CRCL
IPAR
IPAR
Q4 25
$1.6B
Q3 25
$76.8B
$1.6B
Q2 25
$64.2B
$1.6B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.3B
Debt / Equity
CRCL
CRCL
IPAR
IPAR
Q4 25
0.20×
Q3 25
Q2 25
Q1 25
Q4 24
0.21×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CRCL
CRCL
IPAR
IPAR
Operating Cash FlowLast quarter
$-10.7M
$146.5M
Free Cash FlowOCF − Capex
$-14.7M
$145.0M
FCF MarginFCF / Revenue
-2.0%
37.5%
Capex IntensityCapex / Revenue
0.5%
0.4%
Cash ConversionOCF / Net Profit
-0.05×
5.21×
TTM Free Cash FlowTrailing 4 quarters
$190.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRCL
CRCL
IPAR
IPAR
Q4 25
$146.5M
Q3 25
$-10.7M
$63.9M
Q2 25
$303.7M
$11.9M
Q1 25
$-7.4M
Q4 24
$138.0M
Q3 24
$76.1M
Q2 24
$25.5M
Q1 24
$-52.0M
Free Cash Flow
CRCL
CRCL
IPAR
IPAR
Q4 25
$145.0M
Q3 25
$-14.7M
$57.6M
Q2 25
$296.3M
$-3.3M
Q1 25
$-8.8M
Q4 24
$136.1M
Q3 24
$75.4M
Q2 24
$24.4M
Q1 24
$-53.0M
FCF Margin
CRCL
CRCL
IPAR
IPAR
Q4 25
37.5%
Q3 25
-2.0%
13.4%
Q2 25
45.0%
-1.0%
Q1 25
-2.6%
Q4 24
37.7%
Q3 24
17.8%
Q2 24
7.1%
Q1 24
-16.4%
Capex Intensity
CRCL
CRCL
IPAR
IPAR
Q4 25
0.4%
Q3 25
0.5%
1.5%
Q2 25
1.1%
4.5%
Q1 25
0.4%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.3%
Q1 24
0.3%
Cash Conversion
CRCL
CRCL
IPAR
IPAR
Q4 25
5.21×
Q3 25
-0.05×
0.97×
Q2 25
0.37×
Q1 25
-0.17×
Q4 24
5.69×
Q3 24
1.22×
Q2 24
0.69×
Q1 24
-1.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CRCL
CRCL

Segment breakdown not available.

IPAR
IPAR

European Based Operations$232.7M60%
United States Based Operations$155.2M40%

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