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Circle Internet Group, Inc.（CRCL）与Perella Weinberg Partners（PWP）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Perella Weinberg Partners的3.4倍（$739.8M vs $219.2M），Circle Internet Group, Inc.净利率更高（29.0% vs 6.3%，领先22.7%），Circle Internet Group, Inc.同比增速更快（5113.5% vs -2.9%），Perella Weinberg Partners自由现金流更多（$30.5M 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。
佩雷拉温伯格合伙公司是一家聚焦咨询业务的全球投资银行，核心为客户提供战略与财务领域的专业咨询服务，凭借深厚的行业经验和全球化资源网络，为各类企业的重要商业决策提供专业支持。
CRCL vs PWP — 直观对比
营收规模更大
CRCL
是对方的3.4倍
$219.2M
营收增速更快
CRCL
高出5116.4%
-2.9%
净利率更高
CRCL
高出22.7%
6.3%
自由现金流更多
PWP
多$45.2M
$-14.7M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $739.8M | $219.2M |
| 净利润 | $214.4M | $13.8M |
| 毛利率 | — | — |
| 营业利润率 | 11.0% | 8.5% |
| 净利率 | 29.0% | 6.3% |
| 营收同比 | 5113.5% | -2.9% |
| 净利润同比 | 202.0% | — |
| 每股收益（稀释后） | $0.64 | $0.11 |
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CRCLPWP
| Q4 25 | — | $219.2M | ||
| Q3 25 | $739.8M | $164.6M | ||
| Q2 25 | $658.1M | $155.3M | ||
| Q1 25 | — | $211.8M | ||
| Q4 24 | — | $225.7M | ||
| Q3 24 | — | $278.2M | ||
| Q2 24 | $6.8M | $272.0M | ||
| Q1 24 | — | $102.1M |
净利润CRCLPWP
| Q4 25 | — | $13.8M | ||
| Q3 25 | $214.4M | $6.0M | ||
| Q2 25 | $-482.1M | $2.7M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $16.4M | ||
| Q2 24 | $32.9M | $-66.0M | ||
| Q1 24 | — | $-35.8M |
营业利润率CRCLPWP
| Q4 25 | — | 8.5% | ||
| Q3 25 | 11.0% | 5.4% | ||
| Q2 25 | -49.5% | 5.8% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.9% | ||
| Q2 24 | — | -30.2% | ||
| Q1 24 | — | -52.4% |
净利率CRCLPWP
| Q4 25 | — | 6.3% | ||
| Q3 25 | 29.0% | 3.6% | ||
| Q2 25 | -73.3% | 1.8% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | 486.5% | -24.3% | ||
| Q1 24 | — | -35.1% |
每股收益（稀释后）CRCLPWP
| Q4 25 | — | $0.11 | ||
| Q3 25 | $0.64 | $0.08 | ||
| Q2 25 | $-4.48 | $0.04 | ||
| Q1 25 | — | $0.24 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.24 | ||
| Q2 24 | $0.00 | $-1.21 | ||
| Q1 24 | — | $-0.91 |
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 | $255.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.0B | $-127.4M |
| 总资产 | $76.8B | $797.6M |
| 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CRCLPWP
| Q4 25 | — | $255.9M | ||
| Q3 25 | $1.3B | $185.5M | ||
| Q2 25 | $1.1B | $145.0M | ||
| Q1 25 | — | $111.2M | ||
| Q4 24 | — | $407.4M | ||
| Q3 24 | — | $335.1M | ||
| Q2 24 | $457.5M | $185.3M | ||
| Q1 24 | — | $156.7M |
股东权益CRCLPWP
| Q4 25 | — | $-127.4M | ||
| Q3 25 | $3.0B | $-302.4M | ||
| Q2 25 | $2.4B | $-318.4M | ||
| Q1 25 | — | $-323.1M | ||
| Q4 24 | — | $-421.4M | ||
| Q3 24 | — | $-360.8M | ||
| Q2 24 | $460.9M | $-283.0M | ||
| Q1 24 | — | $161.9M |
总资产CRCLPWP
| Q4 25 | — | $797.6M | ||
| Q3 25 | $76.8B | $650.2M | ||
| Q2 25 | $64.2B | $606.7M | ||
| Q1 25 | — | $570.5M | ||
| Q4 24 | — | $876.8M | ||
| Q3 24 | — | $810.9M | ||
| Q2 24 | — | $645.5M | ||
| Q1 24 | — | $583.6M |
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 | $34.8M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $30.5M |
| 自由现金流率自由现金流/营收 | -2.0% | 13.9% |
| 资本支出强度资本支出/营收 | 0.5% | 2.0% |
| 现金转化率经营现金流/净利润 | -0.05× | 2.52× |
| 过去12个月自由现金流最近4个季度 | — | $-34.1M |
8季度趋势，按日历期对齐
经营现金流CRCLPWP
| Q4 25 | — | $34.8M | ||
| Q3 25 | $-10.7M | $59.2M | ||
| Q2 25 | $303.7M | $56.1M | ||
| Q1 25 | — | $-176.5M | ||
| Q4 24 | — | $223.4M | ||
| Q3 24 | — | $200.3M | ||
| Q2 24 | — | $90.0M | ||
| Q1 24 | — | $-206.3M |
自由现金流CRCLPWP
| Q4 25 | — | $30.5M | ||
| Q3 25 | $-14.7M | $57.6M | ||
| Q2 25 | $296.3M | $55.3M | ||
| Q1 25 | — | $-177.6M | ||
| Q4 24 | — | $207.0M | ||
| Q3 24 | — | $199.3M | ||
| Q2 24 | — | $83.7M | ||
| Q1 24 | — | $-214.8M |
自由现金流率CRCLPWP
| Q4 25 | — | 13.9% | ||
| Q3 25 | -2.0% | 35.0% | ||
| Q2 25 | 45.0% | 35.6% | ||
| Q1 25 | — | -83.8% | ||
| Q4 24 | — | 91.7% | ||
| Q3 24 | — | 71.6% | ||
| Q2 24 | — | 30.8% | ||
| Q1 24 | — | -210.3% |
资本支出强度CRCLPWP
| Q4 25 | — | 2.0% | ||
| Q3 25 | 0.5% | 0.9% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 8.3% |
现金转化率CRCLPWP
| Q4 25 | — | 2.52× | ||
| Q3 25 | -0.05× | 9.85× | ||
| Q2 25 | — | 20.50× | ||
| Q1 25 | — | -10.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
