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树莓派（ARM）与精工集团（CRDO）财务数据对比。点击上方公司名可切换其他公司
树莓派的季度营收约是精工集团的4.6倍（$1.2B vs $268.0M）。精工集团净利率更高（30.8% vs 18.0%，领先12.9%）。精工集团同比增速更快（272.1% vs 26.3%）。树莓派自由现金流更多（$186.0M vs $38.5M）。过去两年精工集团的营收复合增速更高（110.0% vs 24.1%）
树莓派是英国科技企业，设计并销售同名品牌的单板计算机、半导体及相关配件。初代产品由树莓派基金会研发，旨在推广计算机科学教育，推出后迅速受到爱好者和专业人士欢迎，目前已广泛应用于工业及嵌入式领域。
精工集团是由精工集团株式会社及其子公司、关联企业组成的企业集团。该集团原由精工控股株式会社、精工仪器株式会社和精工爱普生株式会社三家核心企业构成，三家企业均以钟表技术为核心联结。目前爱普生仍为精工集团开发生产腕表，但爱普生及其子公司已不属于精工集团旗下成员。
ARM vs CRDO — 直观对比
营收规模更大
ARM
是对方的4.6倍
$268.0M
营收增速更快
CRDO
高出245.7%
26.3%
净利率更高
CRDO
高出12.9%
18.0%
自由现金流更多
ARM
多$147.5M
$38.5M
两年增速更快
CRDO
近两年复合增速
24.1%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $268.0M |
| 净利润 | $223.0M | $82.6M |
| 毛利率 | 97.6% | 67.5% |
| 营业利润率 | 14.9% | 29.4% |
| 净利率 | 18.0% | 30.8% |
| 营收同比 | 26.3% | 272.1% |
| 净利润同比 | -11.5% | 2055.9% |
| 每股收益（稀释后） | $0.21 | $0.44 |
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ARMCRDO
| Q4 25 | $1.2B | $268.0M | ||
| Q3 25 | $1.1B | $223.1M | ||
| Q2 25 | $1.1B | $170.0M | ||
| Q1 25 | — | $135.0M | ||
| Q4 24 | $983.0M | $72.0M | ||
| Q3 24 | $844.0M | $59.7M | ||
| Q2 24 | $939.0M | $60.8M | ||
| Q4 23 | $824.0M | — |
净利润ARMCRDO
| Q4 25 | $223.0M | $82.6M | ||
| Q3 25 | $238.0M | $63.4M | ||
| Q2 25 | $130.0M | $36.6M | ||
| Q1 25 | — | $29.4M | ||
| Q4 24 | $252.0M | $-4.2M | ||
| Q3 24 | $107.0M | $-9.5M | ||
| Q2 24 | $223.0M | $-10.5M | ||
| Q4 23 | $87.0M | — |
毛利率ARMCRDO
| Q4 25 | 97.6% | 67.5% | ||
| Q3 25 | 97.4% | 67.4% | ||
| Q2 25 | 97.2% | 67.2% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | 97.2% | 63.2% | ||
| Q3 24 | 96.2% | 62.4% | ||
| Q2 24 | 96.5% | 65.8% | ||
| Q4 23 | 95.6% | — |
营业利润率ARMCRDO
| Q4 25 | 14.9% | 29.4% | ||
| Q3 25 | 14.4% | 27.2% | ||
| Q2 25 | 10.8% | 19.9% | ||
| Q1 25 | — | 19.4% | ||
| Q4 24 | 17.8% | -11.7% | ||
| Q3 24 | 7.6% | -24.2% | ||
| Q2 24 | 19.4% | -13.0% | ||
| Q4 23 | 16.3% | — |
净利率ARMCRDO
| Q4 25 | 18.0% | 30.8% | ||
| Q3 25 | 21.0% | 28.4% | ||
| Q2 25 | 12.3% | 21.5% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | 25.6% | -5.9% | ||
| Q3 24 | 12.7% | -16.0% | ||
| Q2 24 | 23.7% | -17.2% | ||
| Q4 23 | 10.6% | — |
每股收益（稀释后）ARMCRDO
| Q4 25 | $0.21 | $0.44 | ||
| Q3 25 | $0.22 | $0.34 | ||
| Q2 25 | $0.12 | $0.22 | ||
| Q1 25 | — | $0.16 | ||
| Q4 24 | $0.24 | $-0.03 | ||
| Q3 24 | $0.10 | $-0.06 | ||
| Q2 24 | $0.21 | $-0.06 | ||
| Q4 23 | $0.08 | — |
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 | $3.5B | $813.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.8B | $1.3B |
| 总资产 | $10.2B | $1.4B |
| 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ARMCRDO
| Q4 25 | $3.5B | $813.6M | ||
| Q3 25 | $3.3B | $479.6M | ||
| Q2 25 | $2.9B | $431.3M | ||
| Q1 25 | — | $379.2M | ||
| Q4 24 | $2.7B | $383.0M | ||
| Q3 24 | $2.4B | $398.6M | ||
| Q2 24 | $2.5B | $410.0M | ||
| Q4 23 | $2.4B | — |
股东权益ARMCRDO
| Q4 25 | $7.8B | $1.3B | ||
| Q3 25 | $7.4B | $781.4M | ||
| Q2 25 | $7.0B | $681.6M | ||
| Q1 25 | — | $618.2M | ||
| Q4 24 | $6.4B | $567.9M | ||
| Q3 24 | $6.0B | $553.1M | ||
| Q2 24 | $5.7B | $540.2M | ||
| Q4 23 | $5.0B | — |
总资产ARMCRDO
| Q4 25 | $10.2B | $1.4B | ||
| Q3 25 | $9.7B | $905.2M | ||
| Q2 25 | $9.4B | $809.3M | ||
| Q1 25 | — | $719.9M | ||
| Q4 24 | $8.5B | $638.6M | ||
| Q3 24 | $8.1B | $644.9M | ||
| Q2 24 | $7.9B | $601.9M | ||
| Q4 23 | $7.1B | — |
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 | $365.0M | $61.7M |
| 自由现金流经营现金流 - 资本支出 | $186.0M | $38.5M |
| 自由现金流率自由现金流/营收 | 15.0% | 14.4% |
| 资本支出强度资本支出/营收 | 14.4% | 8.7% |
| 现金转化率经营现金流/净利润 | 1.64× | 0.75× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $143.6M |
8季度趋势，按日历期对齐
经营现金流ARMCRDO
| Q4 25 | $365.0M | $61.7M | ||
| Q3 25 | $567.0M | $54.2M | ||
| Q2 25 | $332.0M | $57.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | $423.0M | $10.3M | ||
| Q3 24 | $6.0M | $-7.2M | ||
| Q2 24 | $-290.0M | $4.2M | ||
| Q4 23 | $310.0M | — |
自由现金流ARMCRDO
| Q4 25 | $186.0M | $38.5M | ||
| Q3 25 | $429.0M | $51.3M | ||
| Q2 25 | $178.0M | $54.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | $360.0M | $-11.7M | ||
| Q3 24 | $-47.0M | $-13.1M | ||
| Q2 24 | $-319.0M | $962.0K | ||
| Q4 23 | $289.0M | — |
自由现金流率ARMCRDO
| Q4 25 | 15.0% | 14.4% | ||
| Q3 25 | 37.8% | 23.0% | ||
| Q2 25 | 16.9% | 31.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | -16.2% | ||
| Q3 24 | -5.6% | -21.9% | ||
| Q2 24 | -34.0% | 1.6% | ||
| Q4 23 | 35.1% | — |
资本支出强度ARMCRDO
| Q4 25 | 14.4% | 8.7% | ||
| Q3 25 | 12.2% | 1.3% | ||
| Q2 25 | 14.6% | 2.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.4% | 30.5% | ||
| Q3 24 | 6.3% | 9.8% | ||
| Q2 24 | 3.1% | 5.3% | ||
| Q4 23 | 2.5% | — |
现金转化率ARMCRDO
| Q4 25 | 1.64× | 0.75× | ||
| Q3 25 | 2.38× | 0.85× | ||
| Q2 25 | 2.55× | 1.58× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | -1.30× | — | ||
| Q4 23 | 3.56× | — |
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
ARM
| Royalty | $737.0M | 59% |
| Transferred Over Time | $294.0M | 24% |
| Transferred At Point In Time | $211.0M | 17% |
CRDO
暂无分部数据
