vs
Circle Internet Group, Inc.（CRCL）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是Circle Internet Group, Inc.的1.5倍（$1.1B vs $739.8M），Circle Internet Group, Inc.净利率更高（29.0% vs 23.7%，领先5.2%），Circle Internet Group, Inc.同比增速更快（5113.5% vs 43.9%），泰瑞达自由现金流更多（$218.8M 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
CRCL vs TER — 直观对比
营收规模更大
TER
是对方的1.5倍
$739.8M
营收增速更快
CRCL
高出5069.6%
43.9%
净利率更高
CRCL
高出5.2%
23.7%
自由现金流更多
TER
多$233.5M
$-14.7M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $739.8M | $1.1B |
| 净利润 | $214.4M | $257.2M |
| 毛利率 | — | 57.2% |
| 营业利润率 | 11.0% | 27.1% |
| 净利率 | 29.0% | 23.7% |
| 营收同比 | 5113.5% | 43.9% |
| 净利润同比 | 202.0% | 75.9% |
| 每股收益（稀释后） | $0.64 | $1.62 |
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CRCLTER
| Q4 25 | — | $1.1B | ||
| Q3 25 | $739.8M | $769.2M | ||
| Q2 25 | $658.1M | $651.8M | ||
| Q1 25 | — | $685.7M | ||
| Q4 24 | — | $752.9M | ||
| Q3 24 | — | $737.3M | ||
| Q2 24 | $6.8M | $729.9M | ||
| Q1 24 | — | $599.8M |
净利润CRCLTER
| Q4 25 | — | $257.2M | ||
| Q3 25 | $214.4M | $119.6M | ||
| Q2 25 | $-482.1M | $78.4M | ||
| Q1 25 | — | $98.9M | ||
| Q4 24 | — | $146.3M | ||
| Q3 24 | — | $145.6M | ||
| Q2 24 | $32.9M | $186.3M | ||
| Q1 24 | — | $64.2M |
毛利率CRCLTER
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% | ||
| Q1 24 | — | 56.6% |
营业利润率CRCLTER
| Q4 25 | — | 27.1% | ||
| Q3 25 | 11.0% | 18.9% | ||
| Q2 25 | -49.5% | 13.9% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | — | 13.0% |
净利率CRCLTER
| Q4 25 | — | 23.7% | ||
| Q3 25 | 29.0% | 15.5% | ||
| Q2 25 | -73.3% | 12.0% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | 486.5% | 25.5% | ||
| Q1 24 | — | 10.7% |
每股收益（稀释后）CRCLTER
| Q4 25 | — | $1.62 | ||
| Q3 25 | $0.64 | $0.75 | ||
| Q2 25 | $-4.48 | $0.49 | ||
| Q1 25 | — | $0.61 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | $0.00 | $1.14 | ||
| Q1 24 | — | $0.40 |
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 | $293.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.0B | $2.8B |
| 总资产 | $76.8B | $4.2B |
| 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CRCLTER
| Q4 25 | — | $293.8M | ||
| Q3 25 | $1.3B | $272.7M | ||
| Q2 25 | $1.1B | $339.3M | ||
| Q1 25 | — | $475.6M | ||
| Q4 24 | — | $553.4M | ||
| Q3 24 | — | $510.0M | ||
| Q2 24 | $457.5M | $421.9M | ||
| Q1 24 | — | $707.4M |
股东权益CRCLTER
| Q4 25 | — | $2.8B | ||
| Q3 25 | $3.0B | $2.7B | ||
| Q2 25 | $2.4B | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | $460.9M | $2.7B | ||
| Q1 24 | — | $2.6B |
总资产CRCLTER
| Q4 25 | — | $4.2B | ||
| Q3 25 | $76.8B | $4.0B | ||
| Q2 25 | $64.2B | $3.8B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.4B |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $218.8M |
| 自由现金流率自由现金流/营收 | -2.0% | 20.2% |
| 资本支出强度资本支出/营收 | 0.5% | 5.8% |
| 现金转化率经营现金流/净利润 | -0.05× | 1.09× |
| 过去12个月自由现金流最近4个季度 | — | $450.4M |
8季度趋势，按日历期对齐
经营现金流CRCLTER
| Q4 25 | — | $281.6M | ||
| Q3 25 | $-10.7M | $49.0M | ||
| Q2 25 | $303.7M | $182.1M | ||
| Q1 25 | — | $161.6M | ||
| Q4 24 | — | $282.6M | ||
| Q3 24 | — | $166.3M | ||
| Q2 24 | — | $216.1M | ||
| Q1 24 | — | $7.3M |
自由现金流CRCLTER
| Q4 25 | — | $218.8M | ||
| Q3 25 | $-14.7M | $2.4M | ||
| Q2 25 | $296.3M | $131.7M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | — | $114.4M | ||
| Q2 24 | — | $171.2M | ||
| Q1 24 | — | $-36.7M |
自由现金流率CRCLTER
| Q4 25 | — | 20.2% | ||
| Q3 25 | -2.0% | 0.3% | ||
| Q2 25 | 45.0% | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 23.5% | ||
| Q1 24 | — | -6.1% |
资本支出强度CRCLTER
| Q4 25 | — | 5.8% | ||
| Q3 25 | 0.5% | 6.1% | ||
| Q2 25 | 1.1% | 7.7% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 7.3% |
现金转化率CRCLTER
| Q4 25 | — | 1.09× | ||
| Q3 25 | -0.05× | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 0.11× |
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
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
