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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and LOGITECH INTERNATIONAL S.A. (LOGI). Click either name above to swap in a different company.
LOGITECH INTERNATIONAL S.A. is the larger business by last-quarter revenue ($1.4B vs $739.8M, roughly 1.9× Circle Internet Group, Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 17.7%, a 11.3% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 6.1%). LOGITECH INTERNATIONAL S.A. produced more free cash flow last quarter ($465.6M 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.
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
CRCL vs LOGI — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $1.4B |
| Net Profit | $214.4M | $251.0M |
| Gross Margin | — | 43.2% |
| Operating Margin | 11.0% | 20.1% |
| Net Margin | 29.0% | 17.7% |
| Revenue YoY | 5113.5% | 6.1% |
| Net Profit YoY | 202.0% | 25.4% |
| EPS (diluted) | $0.64 | $1.69 |
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.
| Q4 25 | — | $1.4B | ||
| Q3 25 | $739.8M | $1.2B | ||
| Q2 25 | $658.1M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $6.8M | $1.1B | ||
| Q1 24 | — | $1.0B |
| Q4 25 | — | $251.0M | ||
| Q3 25 | $214.4M | $170.7M | ||
| Q2 25 | $-482.1M | $146.0M | ||
| Q1 25 | — | $144.1M | ||
| Q4 24 | — | $200.1M | ||
| Q3 24 | — | $145.5M | ||
| Q2 24 | $32.9M | $141.8M | ||
| Q1 24 | — | $167.6M |
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 43.2% |
| Q4 25 | — | 20.1% | ||
| Q3 25 | 11.0% | 16.1% | ||
| Q2 25 | -49.5% | 14.1% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 14.1% | ||
| Q1 24 | — | 12.9% |
| Q4 25 | — | 17.7% | ||
| Q3 25 | 29.0% | 14.4% | ||
| Q2 25 | -73.3% | 12.7% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | 486.5% | 13.0% | ||
| Q1 24 | — | 16.6% |
| Q4 25 | — | $1.69 | ||
| Q3 25 | $0.64 | $1.15 | ||
| Q2 25 | $-4.48 | $0.98 | ||
| Q1 25 | — | $0.94 | ||
| Q4 24 | — | $1.32 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | $0.00 | $0.92 | ||
| Q1 24 | — | $1.07 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $2.3B |
| Total Assets | $76.8B | $4.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.8B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $457.5M | $1.5B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $2.4B | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $460.9M | $2.2B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | — | $4.1B | ||
| Q3 25 | $76.8B | $3.7B | ||
| Q2 25 | $64.2B | $3.7B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.6B |
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 | $480.5M |
| Free Cash FlowOCF − Capex | $-14.7M | $465.6M |
| FCF MarginFCF / Revenue | -2.0% | 32.8% |
| Capex IntensityCapex / Revenue | 0.5% | 1.0% |
| Cash ConversionOCF / Net Profit | -0.05× | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $903.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $480.5M | ||
| Q3 25 | $-10.7M | $228.8M | ||
| Q2 25 | $303.7M | $125.0M | ||
| Q1 25 | — | $129.7M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | — | $166.0M | ||
| Q2 24 | — | $176.0M | ||
| Q1 24 | — | $239.1M |
| Q4 25 | — | $465.6M | ||
| Q3 25 | $-14.7M | $212.3M | ||
| Q2 25 | $296.3M | $108.8M | ||
| Q1 25 | — | $116.9M | ||
| Q4 24 | — | $356.6M | ||
| Q3 24 | — | $151.5M | ||
| Q2 24 | — | $161.4M | ||
| Q1 24 | — | $228.8M |
| Q4 25 | — | 32.8% | ||
| Q3 25 | -2.0% | 17.9% | ||
| Q2 25 | 45.0% | 9.5% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 22.6% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 0.5% | 1.4% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | 1.91× | ||
| Q3 25 | -0.05× | 1.34× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCL
Segment breakdown not available.
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
