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卡骆驰（CROX）与Monolithic Power Systems（MPWR）财务数据对比。点击上方公司名可切换其他公司
卡骆驰的季度营收约是Monolithic Power Systems的1.3倍（$957.6M vs $751.2M），Monolithic Power Systems净利率更高（22.9% vs 11.0%，领先11.9%），Monolithic Power Systems同比增速更快（20.8% vs -3.2%），卡骆驰自由现金流更多（$246.4M vs $63.9M），过去两年Monolithic Power Systems的营收复合增速更高（28.1% vs 1.0%）
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。
Monolithic Power Systems（简称MPS）是一家美国上市企业，总部位于华盛顿州柯克兰市，主营高性能电源管理类产品的研发、生产与销售，目前在全球范围内设有超过15个运营站点，业务覆盖多个国家和地区。
CROX vs MPWR — 直观对比
营收规模更大
CROX
是对方的1.3倍
$751.2M
营收增速更快
MPWR
高出24.1%
-3.2%
净利率更高
MPWR
高出11.9%
11.0%
自由现金流更多
CROX
多$182.5M
$63.9M
两年增速更快
MPWR
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $957.6M | $751.2M |
| 净利润 | $105.2M | $171.7M |
| 毛利率 | 54.7% | 55.2% |
| 营业利润率 | 15.3% | 26.6% |
| 净利率 | 11.0% | 22.9% |
| 营收同比 | -3.2% | 20.8% |
| 净利润同比 | -71.5% | -86.3% |
| 每股收益（稀释后） | $1.79 | $3.50 |
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CROXMPWR
| Q4 25 | $957.6M | $751.2M | ||
| Q3 25 | $996.3M | $737.2M | ||
| Q2 25 | $1.1B | $664.6M | ||
| Q1 25 | $937.3M | $637.6M | ||
| Q4 24 | $989.8M | $621.7M | ||
| Q3 24 | $1.1B | $620.1M | ||
| Q2 24 | $1.1B | $507.4M | ||
| Q1 24 | $938.6M | $457.9M |
净利润CROXMPWR
| Q4 25 | $105.2M | $171.7M | ||
| Q3 25 | $145.8M | $179.8M | ||
| Q2 25 | $-492.3M | $135.0M | ||
| Q1 25 | $160.1M | $135.1M | ||
| Q4 24 | $368.9M | $1.3B | ||
| Q3 24 | $199.8M | $144.4M | ||
| Q2 24 | $228.9M | $100.4M | ||
| Q1 24 | $152.5M | $92.5M |
毛利率CROXMPWR
| Q4 25 | 54.7% | 55.2% | ||
| Q3 25 | 58.5% | 55.1% | ||
| Q2 25 | 61.7% | 55.1% | ||
| Q1 25 | 57.8% | 55.4% | ||
| Q4 24 | 57.9% | 55.4% | ||
| Q3 24 | 59.6% | 55.4% | ||
| Q2 24 | 61.4% | 55.3% | ||
| Q1 24 | 55.6% | 55.1% |
营业利润率CROXMPWR
| Q4 25 | 15.3% | 26.6% | ||
| Q3 25 | 20.8% | 26.5% | ||
| Q2 25 | -37.2% | 24.8% | ||
| Q1 25 | 23.8% | 26.5% | ||
| Q4 24 | 20.2% | 26.3% | ||
| Q3 24 | 25.4% | 26.5% | ||
| Q2 24 | 29.3% | 23.0% | ||
| Q1 24 | 24.1% | 20.9% |
净利率CROXMPWR
| Q4 25 | 11.0% | 22.9% | ||
| Q3 25 | 14.6% | 24.4% | ||
| Q2 25 | -42.8% | 20.3% | ||
| Q1 25 | 17.1% | 21.2% | ||
| Q4 24 | 37.3% | 201.8% | ||
| Q3 24 | 18.8% | 23.3% | ||
| Q2 24 | 20.6% | 19.8% | ||
| Q1 24 | 16.2% | 20.2% |
每股收益（稀释后）CROXMPWR
| Q4 25 | $1.79 | $3.50 | ||
| Q3 25 | $2.70 | $3.74 | ||
| Q2 25 | $-8.82 | $2.81 | ||
| Q1 25 | $2.83 | $2.81 | ||
| Q4 24 | $6.25 | $25.71 | ||
| Q3 24 | $3.36 | $2.95 | ||
| Q2 24 | $3.77 | $2.05 | ||
| Q1 24 | $2.50 | $1.89 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $3.5B |
| 总资产 | $4.2B | $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CROXMPWR
| Q4 25 | $130.4M | $1.3B | ||
| Q3 25 | $154.0M | $1.3B | ||
| Q2 25 | $200.6M | $1.1B | ||
| Q1 25 | $166.5M | $1.0B | ||
| Q4 24 | $180.5M | $862.9M | ||
| Q3 24 | $186.1M | $1.5B | ||
| Q2 24 | $167.7M | $1.3B | ||
| Q1 24 | $159.3M | $1.3B |
股东权益CROXMPWR
| Q4 25 | $1.3B | $3.5B | ||
| Q3 25 | $1.4B | $3.4B | ||
| Q2 25 | $1.4B | $3.2B | ||
| Q1 25 | $2.0B | $3.1B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $1.7B | $2.4B | ||
| Q2 24 | $1.7B | $2.2B | ||
| Q1 24 | $1.6B | $2.1B |
总资产CROXMPWR
| Q4 25 | $4.2B | $4.2B | ||
| Q3 25 | $4.3B | $4.1B | ||
| Q2 25 | $4.5B | $3.9B | ||
| Q1 25 | $5.1B | $3.7B | ||
| Q4 24 | $4.8B | $3.5B | ||
| Q3 24 | $4.7B | $2.9B | ||
| Q2 24 | $4.7B | $2.6B | ||
| Q1 24 | $4.8B | $2.6B |
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 | $104.9M |
| 自由现金流经营现金流 - 资本支出 | $246.4M | $63.9M |
| 自由现金流率自由现金流/营收 | 25.7% | 8.5% |
| 资本支出强度资本支出/营收 | 0.6% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.40× | 0.61× |
| 过去12个月自由现金流最近4个季度 | $659.2M | $666.2M |
8季度趋势，按日历期对齐
经营现金流CROXMPWR
| Q4 25 | $252.5M | $104.9M | ||
| Q3 25 | $239.3M | $239.3M | ||
| Q2 25 | $285.8M | $237.6M | ||
| Q1 25 | $-67.2M | $256.4M | ||
| Q4 24 | $321.9M | $167.7M | ||
| Q3 24 | $296.9M | $231.7M | ||
| Q2 24 | $401.2M | $141.0M | ||
| Q1 24 | $-27.6M | $248.1M |
自由现金流CROXMPWR
| Q4 25 | $246.4M | $63.9M | ||
| Q3 25 | $226.2M | $196.8M | ||
| Q2 25 | $269.2M | $189.5M | ||
| Q1 25 | $-82.6M | $216.0M | ||
| Q4 24 | $303.4M | $102.9M | ||
| Q3 24 | $278.8M | $197.9M | ||
| Q2 24 | $384.2M | $109.5M | ||
| Q1 24 | $-43.3M | $232.1M |
自由现金流率CROXMPWR
| Q4 25 | 25.7% | 8.5% | ||
| Q3 25 | 22.7% | 26.7% | ||
| Q2 25 | 23.4% | 28.5% | ||
| Q1 25 | -8.8% | 33.9% | ||
| Q4 24 | 30.7% | 16.5% | ||
| Q3 24 | 26.3% | 31.9% | ||
| Q2 24 | 34.6% | 21.6% | ||
| Q1 24 | -4.6% | 50.7% |
资本支出强度CROXMPWR
| Q4 25 | 0.6% | 5.5% | ||
| Q3 25 | 1.3% | 5.8% | ||
| Q2 25 | 1.4% | 7.2% | ||
| Q1 25 | 1.6% | 6.3% | ||
| Q4 24 | 1.9% | 10.4% | ||
| Q3 24 | 1.7% | 5.5% | ||
| Q2 24 | 1.5% | 6.2% | ||
| Q1 24 | 1.7% | 3.5% |
现金转化率CROXMPWR
| Q4 25 | 2.40× | 0.61× | ||
| Q3 25 | 1.64× | 1.33× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | -0.42× | 1.90× | ||
| Q4 24 | 0.87× | 0.13× | ||
| Q3 24 | 1.49× | 1.60× | ||
| Q2 24 | 1.75× | 1.40× | ||
| Q1 24 | -0.18× | 2.68× |
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% |
MPWR
暂无分部数据
