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Cellebrite DI Ltd.（CLBT）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
SHOPIFY INC.的季度营收约是Cellebrite DI Ltd.的12.6倍（$3.7B vs $292.2M）。SHOPIFY INC.净利率更高（20.2% vs -103.5%，领先123.7%）。SHOPIFY INC.自由现金流更多（$715.0M vs $60.8M）。过去两年Cellebrite DI Ltd.的营收复合增速更高（72.8% vs 40.5%）
Cellebrite DI Ltd.是一家总部位于以色列佩塔提克瓦的数字取证企业，为执法机构、企业及服务供应商提供数字数据的采集、审阅、分析与管理工具，旗下核心产品系列为Cellebrite UFED。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
CLBT vs SHOP — 直观对比
营收规模更大
SHOP
是对方的12.6倍
$292.2M
净利率更高
SHOP
高出123.7%
-103.5%
自由现金流更多
SHOP
多$654.2M
$60.8M
两年增速更快
CLBT
近两年复合增速
40.5%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $292.2M | $3.7B |
| 净利润 | $-302.3M | $743.0M |
| 毛利率 | 84.6% | 46.1% |
| 营业利润率 | 14.1% | 17.2% |
| 净利率 | -103.5% | 20.2% |
| 营收同比 | — | 30.6% |
| 净利润同比 | — | -42.5% |
| 每股收益（稀释后） | $-1.50 | $0.58 |
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CLBTSHOP
| Q4 25 | — | $3.7B | ||
| Q3 25 | $292.2M | $2.8B | ||
| Q2 25 | $220.8M | $2.7B | ||
| Q1 25 | $89.6M | $2.4B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $232.1M | $2.2B | ||
| Q2 24 | $185.3M | $2.0B | ||
| Q1 24 | $71.2M | $1.9B |
净利润CLBTSHOP
| Q4 25 | — | $743.0M | ||
| Q3 25 | $-302.3M | $264.0M | ||
| Q2 25 | $36.9M | $906.0M | ||
| Q1 25 | $-71.4M | $-682.0M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $828.0M | ||
| Q2 24 | $-95.2M | $171.0M | ||
| Q1 24 | $-40.6M | $-273.0M |
毛利率CLBTSHOP
| Q4 25 | — | 46.1% | ||
| Q3 25 | 84.6% | 48.9% | ||
| Q2 25 | 84.1% | 48.6% | ||
| Q1 25 | 85.2% | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | 83.5% | 51.7% | ||
| Q2 24 | 84.1% | 51.1% | ||
| Q1 24 | 82.6% | 51.4% |
营业利润率CLBTSHOP
| Q4 25 | — | 17.2% | ||
| Q3 25 | 14.1% | 12.1% | ||
| Q2 25 | 12.1% | 10.9% | ||
| Q1 25 | 10.3% | 8.6% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | 7.9% | 13.1% | ||
| Q2 24 | 11.7% | 11.8% | ||
| Q1 24 | 0.2% | 4.6% |
净利率CLBTSHOP
| Q4 25 | — | 20.2% | ||
| Q3 25 | -103.5% | 9.3% | ||
| Q2 25 | 16.7% | 33.8% | ||
| Q1 25 | -79.7% | -28.9% | ||
| Q4 24 | — | 46.0% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | -51.4% | 8.4% | ||
| Q1 24 | -57.0% | -14.7% |
每股收益（稀释后）CLBTSHOP
| Q4 25 | — | $0.58 | ||
| Q3 25 | $-1.50 | $0.20 | ||
| Q2 25 | $0.15 | $0.69 | ||
| Q1 25 | $-0.36 | $-0.53 | ||
| Q4 24 | — | $0.99 | ||
| Q3 24 | $-0.35 | $0.64 | ||
| Q2 24 | $-0.48 | $0.13 | ||
| Q1 24 | $-0.21 | $-0.21 |
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 | $191.7M | $5.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $336.0M | $13.5B |
| 总资产 | $690.6M | $15.2B |
| 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CLBTSHOP
| Q4 25 | — | $5.8B | ||
| Q3 25 | $191.7M | $6.3B | ||
| Q2 25 | $326.1M | $5.8B | ||
| Q1 25 | $191.7M | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | $189.5M | — | ||
| Q2 24 | $178.6M | — | ||
| Q1 24 | $189.5M | — |
股东权益CLBTSHOP
| Q4 25 | — | $13.5B | ||
| Q3 25 | $336.0M | $12.5B | ||
| Q2 25 | $408.4M | $12.1B | ||
| Q1 25 | $336.0M | $11.1B | ||
| Q4 24 | — | $11.6B | ||
| Q3 24 | $34.2M | $10.1B | ||
| Q2 24 | $-40.2M | $9.2B | ||
| Q1 24 | $34.2M | $8.9B |
总资产CLBTSHOP
| Q4 25 | — | $15.2B | ||
| Q3 25 | $690.6M | $15.0B | ||
| Q2 25 | $787.4M | $14.6B | ||
| Q1 25 | $690.6M | $13.4B | ||
| Q4 24 | — | $13.9B | ||
| Q3 24 | $532.9M | — | ||
| Q2 24 | $556.6M | — | ||
| Q1 24 | $532.9M | — |
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 | $66.2M | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $60.8M | $715.0M |
| 自由现金流率自由现金流/营收 | 20.8% | 19.5% |
| 资本支出强度资本支出/营收 | 1.8% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | $172.1M | $2.0B |
8季度趋势，按日历期对齐
经营现金流CLBTSHOP
| Q4 25 | — | $725.0M | ||
| Q3 25 | $66.2M | $513.0M | ||
| Q2 25 | $53.5M | $428.0M | ||
| Q1 25 | $10.0M | $367.0M | ||
| Q4 24 | — | $615.0M | ||
| Q3 24 | $58.2M | $423.0M | ||
| Q2 24 | $24.6M | $340.0M | ||
| Q1 24 | $12.5M | $238.0M |
自由现金流CLBTSHOP
| Q4 25 | — | $715.0M | ||
| Q3 25 | $60.8M | $507.0M | ||
| Q2 25 | $47.5M | $422.0M | ||
| Q1 25 | $8.5M | $363.0M | ||
| Q4 24 | — | $611.0M | ||
| Q3 24 | $55.3M | $421.0M | ||
| Q2 24 | $21.0M | $333.0M | ||
| Q1 24 | $11.4M | $232.0M |
自由现金流率CLBTSHOP
| Q4 25 | — | 19.5% | ||
| Q3 25 | 20.8% | 17.8% | ||
| Q2 25 | 21.5% | 15.7% | ||
| Q1 25 | 9.5% | 15.4% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 23.8% | 19.5% | ||
| Q2 24 | 11.3% | 16.3% | ||
| Q1 24 | 16.0% | 12.5% |
资本支出强度CLBTSHOP
| Q4 25 | — | 0.3% | ||
| Q3 25 | 1.8% | 0.2% | ||
| Q2 25 | 2.7% | 0.2% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 1.3% | 0.1% | ||
| Q2 24 | 1.9% | 0.3% | ||
| Q1 24 | 1.5% | 0.3% |
现金转化率CLBTSHOP
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | 1.45× | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 1.99× | ||
| Q1 24 | — | — |
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
CLBT
| Subscription services | $197.2M | 67% |
| Term-license | $60.8M | 21% |
| Professional services | $23.2M | 8% |
| Other non-recurring | $11.0M | 4% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
