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Circle Internet Group, Inc.（CRCL）与MACH NATURAL RESOURCES LP（MNR）财务数据对比。点击上方公司名可切换其他公司
Circle Internet Group, Inc.的季度营收约是MACH NATURAL RESOURCES LP的1.9倍（$739.8M vs $387.5M），Circle Internet Group, Inc.净利率更高（29.0% vs 18.9%，领先10.1%），Circle Internet Group, Inc.同比增速更快（5113.5% vs 65.0%）
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。
Mach Natural Resources LP是一家总部位于美国的上游能源企业，主要从事石油、天然气及液化天然气的勘探、开发与生产业务，核心运营资产分布在二叠纪盆地等美国陆上油气产区，专注于开发低成本高收益资产，为利益相关方创造可持续回报。
CRCL vs MNR — 直观对比
营收规模更大
CRCL
是对方的1.9倍
$387.5M
营收增速更快
CRCL
高出5048.6%
65.0%
净利率更高
CRCL
高出10.1%
18.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $739.8M | $387.5M |
| 净利润 | $214.4M | $73.1M |
| 毛利率 | — | — |
| 营业利润率 | 11.0% | 26.1% |
| 净利率 | 29.0% | 18.9% |
| 营收同比 | 5113.5% | 65.0% |
| 净利润同比 | 202.0% | 100.2% |
| 每股收益（稀释后） | $0.64 | $0.47 |
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CRCLMNR
| Q4 25 | — | $387.5M | ||
| Q3 25 | $739.8M | $272.6M | ||
| Q2 25 | $658.1M | $288.5M | ||
| Q1 25 | — | $226.8M | ||
| Q4 24 | — | $234.9M | ||
| Q3 24 | — | $255.5M | ||
| Q2 24 | $6.8M | $240.0M | ||
| Q1 24 | — | $239.2M |
净利润CRCLMNR
| Q4 25 | — | $73.1M | ||
| Q3 25 | $214.4M | $-35.7M | ||
| Q2 25 | $-482.1M | $89.7M | ||
| Q1 25 | — | $15.9M | ||
| Q4 24 | — | $36.5M | ||
| Q3 24 | — | $67.4M | ||
| Q2 24 | $32.9M | $39.5M | ||
| Q1 24 | — | $41.7M |
营业利润率CRCLMNR
| Q4 25 | — | 26.1% | ||
| Q3 25 | 11.0% | -7.0% | ||
| Q2 25 | -49.5% | 38.6% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 37.1% | ||
| Q2 24 | — | 29.4% | ||
| Q1 24 | — | 28.1% |
净利率CRCLMNR
| Q4 25 | — | 18.9% | ||
| Q3 25 | 29.0% | -13.1% | ||
| Q2 25 | -73.3% | 31.1% | ||
| Q1 25 | — | 7.0% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 26.4% | ||
| Q2 24 | 486.5% | 16.5% | ||
| Q1 24 | — | 17.4% |
每股收益（稀释后）CRCLMNR
| Q4 25 | — | $0.47 | ||
| Q3 25 | $0.64 | $-0.28 | ||
| Q2 25 | $-4.48 | $0.76 | ||
| Q1 25 | — | $0.14 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | $0.00 | $0.42 | ||
| Q1 24 | — | $0.44 |
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 | $42.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.0B | — |
| 总资产 | $76.8B | $3.8B |
| 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CRCLMNR
| Q4 25 | — | $42.6M | ||
| Q3 25 | $1.3B | $53.6M | ||
| Q2 25 | $1.1B | $13.8M | ||
| Q1 25 | — | $7.8M | ||
| Q4 24 | — | $105.8M | ||
| Q3 24 | — | $184.5M | ||
| Q2 24 | $457.5M | $144.6M | ||
| Q1 24 | — | $151.3M |
股东权益CRCLMNR
| Q4 25 | — | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $460.9M | — | ||
| Q1 24 | — | — |
总资产CRCLMNR
| Q4 25 | — | $3.8B | ||
| Q3 25 | $76.8B | $3.8B | ||
| Q2 25 | $64.2B | $2.3B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.3B |
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 | $128.7M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | — |
| 自由现金流率自由现金流/营收 | -2.0% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | -0.05× | 1.76× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CRCLMNR
| Q4 25 | — | $128.7M | ||
| Q3 25 | $-10.7M | $105.5M | ||
| Q2 25 | $303.7M | $130.1M | ||
| Q1 25 | — | $142.5M | ||
| Q4 24 | — | $133.7M | ||
| Q3 24 | — | $110.8M | ||
| Q2 24 | — | $116.8M | ||
| Q1 24 | — | $144.0M |
自由现金流CRCLMNR
| Q4 25 | — | — | ||
| Q3 25 | $-14.7M | — | ||
| Q2 25 | $296.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率CRCLMNR
| Q4 25 | — | — | ||
| Q3 25 | -2.0% | — | ||
| Q2 25 | 45.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度CRCLMNR
| Q4 25 | — | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率CRCLMNR
| Q4 25 | — | 1.76× | ||
| Q3 25 | -0.05× | — | ||
| Q2 25 | — | 1.45× | ||
| Q1 25 | — | 8.97× | ||
| Q4 24 | — | 3.66× | ||
| Q3 24 | — | 1.64× | ||
| Q2 24 | — | 2.96× | ||
| Q1 24 | — | 3.45× |
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
MNR
| Oil Gas And Natural Gas Liquids Net | $331.0M | 85% |
| Natural Gas Liquids Reserves | $44.8M | 12% |
| Natural Gas Midstream | $8.6M | 2% |
| Products | $6.3M | 2% |
