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Circle Internet Group, Inc.（CRCL）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
罗布乐思的季度营收约是Circle Internet Group, Inc.的1.9倍（$1.4B vs $739.8M），Circle Internet Group, Inc.净利率更高（29.0% vs -22.3%，领先51.3%），Circle Internet Group, Inc.同比增速更快（5113.5% vs 43.2%），罗布乐思自由现金流更多（$308.6M 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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
CRCL vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.9倍
$739.8M
营收增速更快
CRCL
高出5070.3%
43.2%
净利率更高
CRCL
高出51.3%
-22.3%
自由现金流更多
RBLX
多$323.3M
$-14.7M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $739.8M | $1.4B |
| 净利润 | $214.4M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 11.0% | -25.3% |
| 净利率 | 29.0% | -22.3% |
| 营收同比 | 5113.5% | 43.2% |
| 净利润同比 | 202.0% | -43.9% |
| 每股收益（稀释后） | $0.64 | $-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CRCLRBLX
| Q4 25 | — | $1.4B | ||
| Q3 25 | $739.8M | $1.4B | ||
| Q2 25 | $658.1M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $988.2M | ||
| Q3 24 | — | $919.0M | ||
| Q2 24 | $6.8M | $893.5M | ||
| Q1 24 | — | $801.3M |
净利润CRCLRBLX
| Q4 25 | — | $-316.0M | ||
| Q3 25 | $214.4M | $-255.6M | ||
| Q2 25 | $-482.1M | $-278.4M | ||
| Q1 25 | — | $-215.1M | ||
| Q4 24 | — | $-219.6M | ||
| Q3 24 | — | $-239.3M | ||
| Q2 24 | $32.9M | $-205.9M | ||
| Q1 24 | — | $-270.6M |
毛利率CRCLRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率CRCLRBLX
| Q4 25 | — | -25.3% | ||
| Q3 25 | 11.0% | -21.8% | ||
| Q2 25 | -49.5% | -29.8% | ||
| Q1 25 | — | -24.6% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | — | -30.4% | ||
| Q2 24 | — | -26.6% | ||
| Q1 24 | — | -37.7% |
净利率CRCLRBLX
| Q4 25 | — | -22.3% | ||
| Q3 25 | 29.0% | -18.8% | ||
| Q2 25 | -73.3% | -25.8% | ||
| Q1 25 | — | -20.8% | ||
| Q4 24 | — | -22.2% | ||
| Q3 24 | — | -26.0% | ||
| Q2 24 | 486.5% | -23.0% | ||
| Q1 24 | — | -33.8% |
每股收益（稀释后）CRCLRBLX
| Q4 25 | — | $-0.44 | ||
| Q3 25 | $0.64 | $-0.37 | ||
| Q2 25 | $-4.48 | $-0.41 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | $0.00 | $-0.32 | ||
| Q1 24 | — | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $3.0B | $394.5M |
| 总资产 | $76.8B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资CRCLRBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $457.5M | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务CRCLRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CRCLRBLX
| Q4 25 | — | $394.5M | ||
| Q3 25 | $3.0B | $407.6M | ||
| Q2 25 | $2.4B | $353.2M | ||
| Q1 25 | — | $310.7M | ||
| Q4 24 | — | $221.4M | ||
| Q3 24 | — | $189.9M | ||
| Q2 24 | $460.9M | $121.5M | ||
| Q1 24 | — | $71.6M |
总资产CRCLRBLX
| Q4 25 | — | $9.6B | ||
| Q3 25 | $76.8B | $8.6B | ||
| Q2 25 | $64.2B | $7.8B | ||
| Q1 25 | — | $7.5B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $6.5B | ||
| Q1 24 | — | $6.3B |
负债/权益比CRCLRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $308.6M |
| 自由现金流率自由现金流/营收 | -2.0% | 21.8% |
| 资本支出强度资本支出/营收 | 0.5% | 21.1% |
| 现金转化率经营现金流/净利润 | -0.05× | — |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流CRCLRBLX
| Q4 25 | — | $607.0M | ||
| Q3 25 | $-10.7M | $546.2M | ||
| Q2 25 | $303.7M | $199.3M | ||
| Q1 25 | — | $443.9M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | — | $247.4M | ||
| Q2 24 | — | $151.4M | ||
| Q1 24 | — | $238.9M |
自由现金流CRCLRBLX
| Q4 25 | — | $308.6M | ||
| Q3 25 | $-14.7M | $443.6M | ||
| Q2 25 | $296.3M | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M | ||
| Q1 24 | — | $192.3M |
自由现金流率CRCLRBLX
| Q4 25 | — | 21.8% | ||
| Q3 25 | -2.0% | 32.6% | ||
| Q2 25 | 45.0% | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 24.0% |
资本支出强度CRCLRBLX
| Q4 25 | — | 21.1% | ||
| Q3 25 | 0.5% | 7.5% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.8% |
现金转化率CRCLRBLX
| Q4 25 | — | — | ||
| Q3 25 | -0.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
