vs
卡骆驰（CROX）与因美纳（ILMN）财务数据对比。点击上方公司名可切换其他公司
因美纳的季度营收约是卡骆驰的1.2倍（$1.2B vs $957.6M），因美纳净利率更高（28.8% vs 11.0%，领先17.8%），因美纳同比增速更快（5.0% vs -3.2%），因美纳自由现金流更多（$267.0M vs $246.4M），过去两年卡骆驰的营收复合增速更高（1.0% vs -0.7%）
卡骆驰（Crocs）是总部位于美国科罗拉多州布鲁姆菲尔德的鞋履企业，主打生产、销售旗下同名品牌的泡沫鞋履产品。其标志性鞋款虽被品牌称为“木屐”，但和传统木屐不同，不含木质材料，凭借舒适轻便的特性受到全球消费者喜爱。
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
CROX vs ILMN — 直观对比
营收规模更大
ILMN
是对方的1.2倍
$957.6M
营收增速更快
ILMN
高出8.2%
-3.2%
净利率更高
ILMN
高出17.8%
11.0%
自由现金流更多
ILMN
多$20.6M
$246.4M
两年增速更快
CROX
近两年复合增速
-0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $957.6M | $1.2B |
| 净利润 | $105.2M | $334.0M |
| 毛利率 | 54.7% | 65.5% |
| 营业利润率 | 15.3% | 17.4% |
| 净利率 | 11.0% | 28.8% |
| 营收同比 | -3.2% | 5.0% |
| 净利润同比 | -71.5% | 185.5% |
| 每股收益（稀释后） | $1.79 | $2.16 |
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CROXILMN
| Q4 25 | $957.6M | $1.2B | ||
| Q3 25 | $996.3M | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $937.3M | — | ||
| Q4 24 | $989.8M | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $938.6M | $1.1B |
净利润CROXILMN
| Q4 25 | $105.2M | $334.0M | ||
| Q3 25 | $145.8M | — | ||
| Q2 25 | $-492.3M | — | ||
| Q1 25 | $160.1M | — | ||
| Q4 24 | $368.9M | $186.0M | ||
| Q3 24 | $199.8M | $705.0M | ||
| Q2 24 | $228.9M | $-2.0B | ||
| Q1 24 | $152.5M | $-126.0M |
毛利率CROXILMN
| Q4 25 | 54.7% | 65.5% | ||
| Q3 25 | 58.5% | — | ||
| Q2 25 | 61.7% | — | ||
| Q1 25 | 57.8% | — | ||
| Q4 24 | 57.9% | 65.9% | ||
| Q3 24 | 59.6% | 69.0% | ||
| Q2 24 | 61.4% | 64.8% | ||
| Q1 24 | 55.6% | 62.0% |
营业利润率CROXILMN
| Q4 25 | 15.3% | 17.4% | ||
| Q3 25 | 20.8% | — | ||
| Q2 25 | -37.2% | — | ||
| Q1 25 | 23.8% | — | ||
| Q4 24 | 20.2% | 15.8% | ||
| Q3 24 | 25.4% | 68.6% | ||
| Q2 24 | 29.3% | -147.2% | ||
| Q1 24 | 24.1% | -10.3% |
净利率CROXILMN
| Q4 25 | 11.0% | 28.8% | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -42.8% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 37.3% | 16.8% | ||
| Q3 24 | 18.8% | 65.3% | ||
| Q2 24 | 20.6% | -178.8% | ||
| Q1 24 | 16.2% | -11.7% |
每股收益（稀释后）CROXILMN
| Q4 25 | $1.79 | $2.16 | ||
| Q3 25 | $2.70 | — | ||
| Q2 25 | $-8.82 | — | ||
| Q1 25 | $2.83 | — | ||
| Q4 24 | $6.25 | $1.16 | ||
| Q3 24 | $3.36 | $4.42 | ||
| Q2 24 | $3.77 | $-12.48 | ||
| Q1 24 | $2.50 | $-0.79 |
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 | $130.4M | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $2.7B |
| 总资产 | $4.2B | $6.6B |
| 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CROXILMN
| Q4 25 | $130.4M | $1.6B | ||
| Q3 25 | $154.0M | — | ||
| Q2 25 | $200.6M | — | ||
| Q1 25 | $166.5M | — | ||
| Q4 24 | $180.5M | $93.0M | ||
| Q3 24 | $186.1M | $70.0M | ||
| Q2 24 | $167.7M | $74.0M | ||
| Q1 24 | $159.3M | — |
股东权益CROXILMN
| Q4 25 | $1.3B | $2.7B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.7B | $2.1B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.6B | $5.7B |
总资产CROXILMN
| Q4 25 | $4.2B | $6.6B | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $4.8B | $6.3B | ||
| Q3 24 | $4.7B | $6.0B | ||
| Q2 24 | $4.7B | $6.1B | ||
| Q1 24 | $4.8B | $10.0B |
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 | $252.5M | $321.0M |
| 自由现金流经营现金流 - 资本支出 | $246.4M | $267.0M |
| 自由现金流率自由现金流/营收 | 25.7% | 23.0% |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 现金转化率经营现金流/净利润 | 2.40× | 0.96× |
| 过去12个月自由现金流最近4个季度 | $659.2M | $935.0M |
8季度趋势，按日历期对齐
经营现金流CROXILMN
| Q4 25 | $252.5M | $321.0M | ||
| Q3 25 | $239.3M | — | ||
| Q2 25 | $285.8M | — | ||
| Q1 25 | $-67.2M | — | ||
| Q4 24 | $321.9M | $364.0M | ||
| Q3 24 | $296.9M | $316.0M | ||
| Q2 24 | $401.2M | $80.0M | ||
| Q1 24 | $-27.6M | $77.0M |
自由现金流CROXILMN
| Q4 25 | $246.4M | $267.0M | ||
| Q3 25 | $226.2M | — | ||
| Q2 25 | $269.2M | — | ||
| Q1 25 | $-82.6M | — | ||
| Q4 24 | $303.4M | $335.0M | ||
| Q3 24 | $278.8M | $284.0M | ||
| Q2 24 | $384.2M | $49.0M | ||
| Q1 24 | $-43.3M | $41.0M |
自由现金流率CROXILMN
| Q4 25 | 25.7% | 23.0% | ||
| Q3 25 | 22.7% | — | ||
| Q2 25 | 23.4% | — | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | 30.7% | 30.3% | ||
| Q3 24 | 26.3% | 26.3% | ||
| Q2 24 | 34.6% | 4.4% | ||
| Q1 24 | -4.6% | 3.8% |
资本支出强度CROXILMN
| Q4 25 | 0.6% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 1.9% | 2.6% | ||
| Q3 24 | 1.7% | 3.0% | ||
| Q2 24 | 1.5% | 2.8% | ||
| Q1 24 | 1.7% | 3.3% |
现金转化率CROXILMN
| Q4 25 | 2.40× | 0.96× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.42× | — | ||
| Q4 24 | 0.87× | 1.96× | ||
| Q3 24 | 1.49× | 0.45× | ||
| Q2 24 | 1.75× | — | ||
| Q1 24 | -0.18× | — |
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
CROX
| Sales Channel Directly To Consumer | $333.2M | 35% |
| Other | $332.1M | 35% |
| HEYDUDE Brand Segment | $189.3M | 20% |
| Sales Channel Through Intermediary Wholesale | $103.1M | 11% |
ILMN
| Product revenue | $990.0M | 85% |
| Service and other revenue | $169.0M | 15% |
