vs
Circle Internet Group, Inc.（CRCL）与游戏驿站（GME）财务数据对比。点击上方公司名可切换其他公司
游戏驿站的季度营收约是Circle Internet Group, Inc.的1.1倍（$821.0M vs $739.8M），Circle Internet Group, Inc.净利率更高（29.0% vs 9.4%，领先19.6%），Circle Internet Group, Inc.同比增速更快（5113.5% vs -4.6%），游戏驿站自由现金流更多（$107.0M vs $-14.7M）
Circle是2013年由杰里米·阿莱尔与肖恩·内维尔联合创立的支付科技企业，目前总部位于美国纽约，核心业务覆盖稳定币发行，推出了锚定美元的USDC、锚定欧元的EURC两款稳定币，同时还发行有代币化货币市场基金产品USYC。
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
CRCL vs GME — 直观对比
营收规模更大
GME
是对方的1.1倍
$739.8M
营收增速更快
CRCL
高出5118.1%
-4.6%
净利率更高
CRCL
高出19.6%
9.4%
自由现金流更多
GME
多$121.7M
$-14.7M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $739.8M | $821.0M |
| 净利润 | $214.4M | $77.1M |
| 毛利率 | — | 33.3% |
| 营业利润率 | 11.0% | 5.0% |
| 净利率 | 29.0% | 9.4% |
| 营收同比 | 5113.5% | -4.6% |
| 净利润同比 | 202.0% | 343.1% |
| 每股收益（稀释后） | $0.64 | $0.13 |
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CRCLGME
| Q4 25 | — | $821.0M | ||
| Q3 25 | $739.8M | $972.2M | ||
| Q2 25 | $658.1M | $732.4M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $860.3M | ||
| Q3 24 | — | $798.3M | ||
| Q2 24 | $6.8M | $881.8M | ||
| Q1 24 | — | $1.8B |
净利润CRCLGME
| Q4 25 | — | $77.1M | ||
| Q3 25 | $214.4M | $168.6M | ||
| Q2 25 | $-482.1M | $44.8M | ||
| Q1 25 | — | $131.4M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | — | $14.8M | ||
| Q2 24 | $32.9M | $-32.3M | ||
| Q1 24 | — | $63.1M |
毛利率CRCLGME
| Q4 25 | — | 33.3% | ||
| Q3 25 | — | 29.1% | ||
| Q2 25 | — | 34.5% | ||
| Q1 25 | — | 28.3% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 27.7% | ||
| Q1 24 | — | 23.4% |
营业利润率CRCLGME
| Q4 25 | — | 5.0% | ||
| Q3 25 | 11.0% | 6.8% | ||
| Q2 25 | -49.5% | -1.5% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | — | -2.8% | ||
| Q2 24 | — | -5.7% | ||
| Q1 24 | — | 3.1% |
净利率CRCLGME
| Q4 25 | — | 9.4% | ||
| Q3 25 | 29.0% | 17.3% | ||
| Q2 25 | -73.3% | 6.1% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | 486.5% | -3.7% | ||
| Q1 24 | — | 3.5% |
每股收益（稀释后）CRCLGME
| Q4 25 | — | $0.13 | ||
| Q3 25 | $0.64 | $0.31 | ||
| Q2 25 | $-4.48 | $0.09 | ||
| Q1 25 | — | $0.36 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | — | $0.04 | ||
| Q2 24 | $0.00 | $-0.11 | ||
| Q1 24 | — | $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 | $1.3B | $8.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.0B | $5.3B |
| 总资产 | $76.8B | $10.6B |
| 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CRCLGME
| Q4 25 | — | $8.8B | ||
| Q3 25 | $1.3B | $8.7B | ||
| Q2 25 | $1.1B | $6.4B | ||
| Q1 25 | — | $4.8B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | $457.5M | $1.1B | ||
| Q1 24 | — | $1.2B |
总债务CRCLGME
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $16.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $28.5M |
股东权益CRCLGME
| Q4 25 | — | $5.3B | ||
| Q3 25 | $3.0B | $5.2B | ||
| Q2 25 | $2.4B | $5.0B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | $460.9M | $1.3B | ||
| Q1 24 | — | $1.3B |
总资产CRCLGME
| Q4 25 | — | $10.6B | ||
| Q3 25 | $76.8B | $10.3B | ||
| Q2 25 | $64.2B | $7.5B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $5.5B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.7B |
负债/权益比CRCLGME
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.02× |
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 | $-10.7M | $111.3M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $107.0M |
| 自由现金流率自由现金流/营收 | -2.0% | 13.0% |
| 资本支出强度资本支出/营收 | 0.5% | 0.5% |
| 现金转化率经营现金流/净利润 | -0.05× | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $568.7M |
8季度趋势，按日历期对齐
经营现金流CRCLGME
| Q4 25 | — | $111.3M | ||
| Q3 25 | $-10.7M | $117.4M | ||
| Q2 25 | $303.7M | $192.5M | ||
| Q1 25 | — | $162.3M | ||
| Q4 24 | — | $24.6M | ||
| Q3 24 | — | $68.6M | ||
| Q2 24 | — | $-109.8M | ||
| Q1 24 | — | $-11.0M |
自由现金流CRCLGME
| Q4 25 | — | $107.0M | ||
| Q3 25 | $-14.7M | $113.3M | ||
| Q2 25 | $296.3M | $189.6M | ||
| Q1 25 | — | $158.8M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $65.5M | ||
| Q2 24 | — | $-114.7M | ||
| Q1 24 | — | $-18.7M |
自由现金流率CRCLGME
| Q4 25 | — | 13.0% | ||
| Q3 25 | -2.0% | 11.7% | ||
| Q2 25 | 45.0% | 25.9% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | -13.0% | ||
| Q1 24 | — | -1.0% |
资本支出强度CRCLGME
| Q4 25 | — | 0.5% | ||
| Q3 25 | 0.5% | 0.4% | ||
| Q2 25 | 1.1% | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.4% |
现金转化率CRCLGME
| Q4 25 | — | 1.44× | ||
| Q3 25 | -0.05× | 0.70× | ||
| Q2 25 | — | 4.30× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 4.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.17× |
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
CRCL
暂无分部数据
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
