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Circle Internet Group, Inc.（CRCL）与胜牌（VVV）财务数据对比。点击上方公司名可切换其他公司
Circle Internet Group, Inc.的季度营收约是胜牌的1.6倍（$739.8M vs $461.8M），Circle Internet Group, Inc.净利率更高（29.0% vs -7.1%，领先36.1%），Circle Internet Group, Inc.同比增速更快（5113.5% vs 11.5%），胜牌自由现金流更多（$7.4M 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。
胜牌公司是总部位于美国肯塔基州列克星敦的汽车零售服务企业，授权推出多款胜牌 branded 的车用机油、添加剂及润滑油产品，旗下拥有胜牌即时换油、加拿大卓越换油、胜牌快速护理等汽车维修连锁品牌。截至2023年，胜牌是美国第二大换油服务提供商，市场份额达10%，门店数量超1650家。
CRCL vs VVV — 直观对比
营收规模更大
CRCL
是对方的1.6倍
$461.8M
营收增速更快
CRCL
高出5102.1%
11.5%
净利率更高
CRCL
高出36.1%
-7.1%
自由现金流更多
VVV
多$22.1M
$-14.7M
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $739.8M | $461.8M |
| 净利润 | $214.4M | $-32.8M |
| 毛利率 | — | 37.4% |
| 营业利润率 | 11.0% | 4.0% |
| 净利率 | 29.0% | -7.1% |
| 营收同比 | 5113.5% | 11.5% |
| 净利润同比 | 202.0% | -135.8% |
| 每股收益（稀释后） | $0.64 | $-0.26 |
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CRCLVVV
| Q4 25 | — | $461.8M | ||
| Q3 25 | $739.8M | $453.8M | ||
| Q2 25 | $658.1M | $439.0M | ||
| Q1 25 | — | $403.2M | ||
| Q4 24 | — | $414.3M | ||
| Q3 24 | — | $435.5M | ||
| Q2 24 | $6.8M | $421.4M | ||
| Q1 24 | — | $388.7M |
净利润CRCLVVV
| Q4 25 | — | $-32.8M | ||
| Q3 25 | $214.4M | $25.0M | ||
| Q2 25 | $-482.1M | $56.5M | ||
| Q1 25 | — | $37.6M | ||
| Q4 24 | — | $91.6M | ||
| Q3 24 | — | $92.3M | ||
| Q2 24 | $32.9M | $45.9M | ||
| Q1 24 | — | $41.4M |
毛利率CRCLVVV
| Q4 25 | — | 37.4% | ||
| Q3 25 | — | 39.1% | ||
| Q2 25 | — | 40.5% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | — | 39.1% | ||
| Q2 24 | — | 39.7% | ||
| Q1 24 | — | 37.6% |
营业利润率CRCLVVV
| Q4 25 | — | 4.0% | ||
| Q3 25 | 11.0% | 18.6% | ||
| Q2 25 | -49.5% | 21.6% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 34.7% | ||
| Q3 24 | — | 30.9% | ||
| Q2 24 | — | 22.2% | ||
| Q1 24 | — | 19.7% |
净利率CRCLVVV
| Q4 25 | — | -7.1% | ||
| Q3 25 | 29.0% | 5.5% | ||
| Q2 25 | -73.3% | 12.9% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | 486.5% | 10.9% | ||
| Q1 24 | — | 10.7% |
每股收益（稀释后）CRCLVVV
| Q4 25 | — | $-0.26 | ||
| Q3 25 | $0.64 | $0.20 | ||
| Q2 25 | $-4.48 | $0.44 | ||
| Q1 25 | — | $0.29 | ||
| Q4 24 | — | $0.71 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | $0.00 | $0.35 | ||
| Q1 24 | — | $0.32 |
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 | $69.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.0B | $307.6M |
| 总资产 | $76.8B | $3.4B |
| 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CRCLVVV
| Q4 25 | — | $69.9M | ||
| Q3 25 | $1.3B | $51.6M | ||
| Q2 25 | $1.1B | $68.3M | ||
| Q1 25 | — | $61.9M | ||
| Q4 24 | — | $60.0M | ||
| Q3 24 | — | $68.3M | ||
| Q2 24 | $457.5M | $65.7M | ||
| Q1 24 | — | $494.5M |
股东权益CRCLVVV
| Q4 25 | — | $307.6M | ||
| Q3 25 | $3.0B | $338.5M | ||
| Q2 25 | $2.4B | $313.6M | ||
| Q1 25 | — | $248.7M | ||
| Q4 24 | — | $229.8M | ||
| Q3 24 | — | $185.6M | ||
| Q2 24 | $460.9M | $106.5M | ||
| Q1 24 | — | $60.1M |
总资产CRCLVVV
| Q4 25 | — | $3.4B | ||
| Q3 25 | $76.8B | $2.7B | ||
| Q2 25 | $64.2B | $2.6B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.8B |
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 | $64.8M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $7.4M |
| 自由现金流率自由现金流/营收 | -2.0% | 1.6% |
| 资本支出强度资本支出/营收 | 0.5% | 12.4% |
| 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 | — | $57.8M |
8季度趋势，按日历期对齐
经营现金流CRCLVVV
| Q4 25 | — | $64.8M | ||
| Q3 25 | $-10.7M | $121.9M | ||
| Q2 25 | $303.7M | $86.9M | ||
| Q1 25 | — | $47.2M | ||
| Q4 24 | — | $41.2M | ||
| Q3 24 | — | $101.3M | ||
| Q2 24 | — | $75.6M | ||
| Q1 24 | — | $68.3M |
自由现金流CRCLVVV
| Q4 25 | — | $7.4M | ||
| Q3 25 | $-14.7M | $23.0M | ||
| Q2 25 | $296.3M | $32.0M | ||
| Q1 25 | — | $-4.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $29.9M | ||
| Q2 24 | — | $9.8M | ||
| Q1 24 | — | $23.4M |
自由现金流率CRCLVVV
| Q4 25 | — | 1.6% | ||
| Q3 25 | -2.0% | 5.1% | ||
| Q2 25 | 45.0% | 7.3% | ||
| Q1 25 | — | -1.1% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 6.0% |
资本支出强度CRCLVVV
| Q4 25 | — | 12.4% | ||
| Q3 25 | 0.5% | 21.8% | ||
| Q2 25 | 1.1% | 12.5% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 15.6% | ||
| Q1 24 | — | 11.6% |
现金转化率CRCLVVV
| Q4 25 | — | — | ||
| Q3 25 | -0.05× | 4.88× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 1.65× | ||
| Q1 24 | — | 1.65× |
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
VVV
| Oil Change And Related Fees | $337.7M | 73% |
| Non Oil Change And Related Fees | $100.5M | 22% |
| Franchise Fees And Other | $23.6M | 5% |
