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Salesforce（CRM）与名创优品（MNSO）财务数据对比。点击上方公司名可切换其他公司
名创优品的季度营收约是Salesforce的1.4倍（$14.8B vs $10.3B）
Salesforce是总部位于美国加利福尼亚州旧金山的云软件企业，提供销售管理、客户服务、营销自动化、电子商务、数据分析、人工智能、代理式AI及应用开发等领域的企业级数字化解决方案，助力企业提升运营效率、优化客户关系管理。
名创优品（MINISO）是2013年由叶国富创立的中国零售连锁品牌，总部位于广州海珠区，主打融合IP设计的家居用品、美妆、文具、玩具、厨具等日用消费品，2025年销售额达24.5亿美元，2019年3月曾与漫威娱乐合作推出联名产品。
CRM vs MNSO — 直观对比
营收规模更大
MNSO
是对方的1.4倍
$10.3B
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $14.8B |
| 净利润 | $2.1B | — |
| 毛利率 | 78.0% | 45.1% |
| 营业利润率 | 21.3% | 19.5% |
| 净利率 | 20.3% | — |
| 营收同比 | 8.6% | — |
| 净利润同比 | 36.6% | — |
| 每股收益（稀释后） | $2.19 | — |
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CRMMNSO
| Q4 25 | $10.3B | $14.8B | ||
| Q3 25 | $10.2B | — | ||
| Q2 25 | $9.8B | — | ||
| Q1 25 | $10.0B | — | ||
| Q4 24 | $9.4B | — | ||
| Q3 24 | $9.3B | — | ||
| Q2 24 | $9.1B | — | ||
| Q1 24 | $9.3B | — |
净利润CRMMNSO
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
毛利率CRMMNSO
| Q4 25 | 78.0% | 45.1% | ||
| Q3 25 | 78.1% | — | ||
| Q2 25 | 77.0% | — | ||
| Q1 25 | 77.8% | — | ||
| Q4 24 | 77.7% | — | ||
| Q3 24 | 76.8% | — | ||
| Q2 24 | 76.3% | — | ||
| Q1 24 | 76.9% | — |
营业利润率CRMMNSO
| Q4 25 | 21.3% | 19.5% | ||
| Q3 25 | 22.8% | — | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 19.1% | — | ||
| Q2 24 | 18.7% | — | ||
| Q1 24 | 17.5% | — |
净利率CRMMNSO
| Q4 25 | 20.3% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 15.7% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 15.3% | — | ||
| Q2 24 | 16.8% | — | ||
| Q1 24 | 15.6% | — |
每股收益（稀释后）CRMMNSO
| Q4 25 | $2.19 | — | ||
| Q3 25 | $1.96 | — | ||
| Q2 25 | $1.59 | — | ||
| Q1 25 | $1.75 | — | ||
| Q4 24 | $1.58 | — | ||
| Q3 24 | $1.47 | — | ||
| Q2 24 | $1.56 | — | ||
| Q1 24 | $1.47 | — |
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 | $9.0B | — |
| 总债务越低越好 | $8.4B | — |
| 股东权益账面价值 | $60.0B | — |
| 总资产 | $95.1B | — |
| 负债/权益比越低杠杆越低 | 0.14× | — |
8季度趋势，按日历期对齐
现金及短期投资CRMMNSO
| Q4 25 | $9.0B | — | ||
| Q3 25 | $10.4B | — | ||
| Q2 25 | $10.9B | — | ||
| Q1 25 | $8.8B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | $7.7B | — | ||
| Q2 24 | $10.0B | — | ||
| Q1 24 | $8.5B | — |
总债务CRMMNSO
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.4B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $9.4B | — |
股东权益CRMMNSO
| Q4 25 | $60.0B | — | ||
| Q3 25 | $61.3B | — | ||
| Q2 25 | $60.7B | — | ||
| Q1 25 | $61.2B | — | ||
| Q4 24 | $58.5B | — | ||
| Q3 24 | $57.6B | — | ||
| Q2 24 | $59.7B | — | ||
| Q1 24 | $59.6B | — |
总资产CRMMNSO
| Q4 25 | $95.1B | — | ||
| Q3 25 | $97.6B | — | ||
| Q2 25 | $98.6B | — | ||
| Q1 25 | $102.9B | — | ||
| Q4 24 | $91.4B | — | ||
| Q3 24 | $92.2B | — | ||
| Q2 24 | $96.2B | — | ||
| Q1 24 | $99.8B | — |
负债/权益比CRMMNSO
| Q4 25 | 0.14× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | 0.16× | — |
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 | $2.3B | — |
| 自由现金流经营现金流 - 资本支出 | $2.2B | — |
| 自由现金流率自由现金流/营收 | 21.2% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | 1.11× | — |
| 过去12个月自由现金流最近4个季度 | $12.9B | — |
8季度趋势，按日历期对齐
经营现金流CRMMNSO
| Q4 25 | $2.3B | — | ||
| Q3 25 | $740.0M | — | ||
| Q2 25 | $6.5B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $892.0M | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $3.4B | — |
自由现金流CRMMNSO
| Q4 25 | $2.2B | — | ||
| Q3 25 | $605.0M | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $755.0M | — | ||
| Q2 24 | $6.1B | — | ||
| Q1 24 | $3.3B | — |
自由现金流率CRMMNSO
| Q4 25 | 21.2% | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 64.1% | — | ||
| Q1 25 | 38.2% | — | ||
| Q4 24 | 18.8% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 66.6% | — | ||
| Q1 24 | 35.1% | — |
资本支出强度CRMMNSO
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 1.6% | — |
现金转化率CRMMNSO
| Q4 25 | 1.11× | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | 4.20× | — | ||
| Q1 25 | 2.32× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 4.08× | — | ||
| Q1 24 | 2.35× | — |
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
CRM
| Agentforce Service | $2.5B | 24% |
| Agentforce Sales | $2.3B | 22% |
| Agentforce360Platform Slack And Other | $2.2B | 21% |
| Agentforce Integration And Agentforce Analytics | $1.4B | 14% |
| Agentforce Marketing And Agentforce Commerce | $1.4B | 13% |
| Professional Servicesand Other | $533.0M | 5% |
MNSO
暂无分部数据
