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美商海盗船（CRSR）与Identiv, Inc.（INVE）财务数据对比。点击上方公司名可切换其他公司
美商海盗船的季度营收约是Identiv, Inc.的70.8倍（$436.9M vs $6.2M）。美商海盗船净利率更高（5.9% vs -60.3%，领先66.3%）。美商海盗船同比增速更快（5.6% vs -7.9%）。美商海盗船自由现金流更多（$32.9M vs $2.8M）。过去两年美商海盗船的营收复合增速更高（13.8% vs -3.8%）
美商海盗船是源自美国的电脑外设与电竞硬件品牌，总部位于加利福尼亚州米尔皮塔斯。公司创立于1994年，原名海盗船微系统，后更名为海盗船组件、海盗船内存，2007年重新在特拉华州注册。主打产品涵盖高速内存模块、电源、闪存、CPU显卡与机箱散热、电竞外设、电脑机箱等各类电脑相关产品。
Identiv是一家在纳斯达克上市的公开交易物联网技术公司，专注于物联网领域相关技术研发与业务落地，为相关行业提供专业的技术解决方案与产品服务。
CRSR vs INVE — 直观对比
营收规模更大
CRSR
是对方的70.8倍
$6.2M
营收增速更快
CRSR
高出13.5%
-7.9%
净利率更高
CRSR
高出66.3%
-60.3%
自由现金流更多
CRSR
多$30.1M
$2.8M
两年增速更快
CRSR
近两年复合增速
-3.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $436.9M | $6.2M |
| 净利润 | $25.8M | $-3.7M |
| 毛利率 | 33.1% | 18.1% |
| 营业利润率 | 6.2% | -76.4% |
| 净利率 | 5.9% | -60.3% |
| 营收同比 | 5.6% | -7.9% |
| 净利润同比 | 1028.2% | -948.2% |
| 每股收益（稀释后） | $0.23 | $-0.17 |
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CRSRINVE
| Q4 25 | $436.9M | $6.2M | ||
| Q3 25 | $345.8M | $5.0M | ||
| Q2 25 | $320.1M | $5.0M | ||
| Q1 25 | $369.8M | $5.3M | ||
| Q4 24 | $413.6M | $6.7M | ||
| Q3 24 | $304.2M | $6.5M | ||
| Q2 24 | $261.3M | $6.7M | ||
| Q1 24 | $337.3M | $6.7M |
净利润CRSRINVE
| Q4 25 | $25.8M | $-3.7M | ||
| Q3 25 | $-10.6M | $-3.5M | ||
| Q2 25 | $-20.9M | $-6.0M | ||
| Q1 25 | $-10.5M | $-4.8M | ||
| Q4 24 | $2.3M | $-355.0K | ||
| Q3 24 | $-51.7M | $85.9M | ||
| Q2 24 | $-24.2M | $-6.2M | ||
| Q1 24 | $-11.6M | $-4.6M |
毛利率CRSRINVE
| Q4 25 | 33.1% | 18.1% | ||
| Q3 25 | 26.9% | 10.7% | ||
| Q2 25 | 26.8% | -9.4% | ||
| Q1 25 | 27.7% | 2.5% | ||
| Q4 24 | 26.2% | -14.9% | ||
| Q3 24 | 22.9% | 3.6% | ||
| Q2 24 | 24.1% | 9.1% | ||
| Q1 24 | 25.7% | 7.3% |
营业利润率CRSRINVE
| Q4 25 | 6.2% | -76.4% | ||
| Q3 25 | -1.6% | -111.4% | ||
| Q2 25 | -5.3% | -126.7% | ||
| Q1 25 | -0.6% | -103.8% | ||
| Q4 24 | 1.4% | -98.9% | ||
| Q3 24 | -6.9% | -146.2% | ||
| Q2 24 | -9.5% | -99.7% | ||
| Q1 24 | -3.0% | -76.0% |
净利率CRSRINVE
| Q4 25 | 5.9% | -60.3% | ||
| Q3 25 | -3.1% | -68.9% | ||
| Q2 25 | -6.5% | -119.9% | ||
| Q1 25 | -2.8% | -90.9% | ||
| Q4 24 | 0.6% | -5.3% | ||
| Q3 24 | -17.0% | 1315.8% | ||
| Q2 24 | -9.3% | -92.2% | ||
| Q1 24 | -3.4% | -68.5% |
每股收益（稀释后）CRSRINVE
| Q4 25 | $0.23 | $-0.17 | ||
| Q3 25 | $-0.09 | $-0.15 | ||
| Q2 25 | $-0.16 | $-0.26 | ||
| Q1 25 | $-0.10 | $-0.21 | ||
| Q4 24 | $0.01 | $0.00 | ||
| Q3 24 | $-0.56 | $3.62 | ||
| Q2 24 | $-0.28 | $-0.27 | ||
| Q1 24 | $-0.12 | $-0.21 |
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 | — | $128.6M |
| 总债务越低越好 | $121.3M | — |
| 股东权益账面价值 | $633.6M | $140.7M |
| 总资产 | $1.3B | $151.3M |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资CRSRINVE
| Q4 25 | — | $128.6M | ||
| Q3 25 | — | $126.3M | ||
| Q2 25 | — | $129.3M | ||
| Q1 25 | — | $132.4M | ||
| Q4 24 | — | $135.6M | ||
| Q3 24 | — | $145.4M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | — | $21.6M |
总债务CRSRINVE
| Q4 25 | $121.3M | — | ||
| Q3 25 | $122.9M | — | ||
| Q2 25 | $124.4M | — | ||
| Q1 25 | $148.7M | — | ||
| Q4 24 | $173.5M | — | ||
| Q3 24 | $177.2M | — | ||
| Q2 24 | $180.3M | — | ||
| Q1 24 | $183.3M | — |
股东权益CRSRINVE
| Q4 25 | $633.6M | $140.7M | ||
| Q3 25 | $600.2M | $143.7M | ||
| Q2 25 | $603.9M | $146.4M | ||
| Q1 25 | $608.8M | $150.5M | ||
| Q4 24 | $604.3M | $154.1M | ||
| Q3 24 | $598.5M | $156.7M | ||
| Q2 24 | $642.7M | $65.1M | ||
| Q1 24 | $663.5M | $70.2M |
总资产CRSRINVE
| Q4 25 | $1.3B | $151.3M | ||
| Q3 25 | $1.2B | $151.0M | ||
| Q2 25 | $1.2B | $153.9M | ||
| Q1 25 | $1.2B | $158.7M | ||
| Q4 24 | $1.2B | $163.2M | ||
| Q3 24 | $1.2B | $177.0M | ||
| Q2 24 | $1.2B | $97.8M | ||
| Q1 24 | $1.3B | $101.8M |
负债/权益比CRSRINVE
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.28× | — | ||
| Q1 24 | 0.28× | — |
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 | $38.2M | $3.0M |
| 自由现金流经营现金流 - 资本支出 | $32.9M | $2.8M |
| 自由现金流率自由现金流/营收 | 7.5% | 45.8% |
| 资本支出强度资本支出/营收 | 1.2% | 3.3% |
| 现金转化率经营现金流/净利润 | 1.48× | — |
| 过去12个月自由现金流最近4个季度 | $34.7M | $-7.8M |
8季度趋势，按日历期对齐
经营现金流CRSRINVE
| Q4 25 | $38.2M | $3.0M | ||
| Q3 25 | $-37.0M | $-2.9M | ||
| Q2 25 | $30.2M | $-3.6M | ||
| Q1 25 | $18.8M | $-3.3M | ||
| Q4 24 | $55.6M | $-5.9M | ||
| Q3 24 | $25.1M | $-7.2M | ||
| Q2 24 | $-18.5M | $-993.0K | ||
| Q1 24 | $-26.3M | $-1.3M |
自由现金流CRSRINVE
| Q4 25 | $32.9M | $2.8M | ||
| Q3 25 | $-41.3M | $-3.2M | ||
| Q2 25 | $27.5M | $-3.8M | ||
| Q1 25 | $15.7M | $-3.6M | ||
| Q4 24 | $54.1M | $-6.5M | ||
| Q3 24 | $21.8M | $-7.7M | ||
| Q2 24 | $-21.0M | $-1.1M | ||
| Q1 24 | $-28.8M | $-1.5M |
自由现金流率CRSRINVE
| Q4 25 | 7.5% | 45.8% | ||
| Q3 25 | -12.0% | -64.5% | ||
| Q2 25 | 8.6% | -75.8% | ||
| Q1 25 | 4.2% | -68.0% | ||
| Q4 24 | 13.1% | -97.7% | ||
| Q3 24 | 7.2% | -118.2% | ||
| Q2 24 | -8.0% | -16.7% | ||
| Q1 24 | -8.6% | -23.0% |
资本支出强度CRSRINVE
| Q4 25 | 1.2% | 3.3% | ||
| Q3 25 | 1.3% | 7.0% | ||
| Q2 25 | 0.8% | 5.0% | ||
| Q1 25 | 0.8% | 5.7% | ||
| Q4 24 | 0.4% | 9.3% | ||
| Q3 24 | 1.1% | 7.7% | ||
| Q2 24 | 1.0% | 2.0% | ||
| Q1 24 | 0.7% | 3.5% |
现金转化率CRSRINVE
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 24.30× | — | ||
| Q3 24 | — | -0.08× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
CRSR
| Gamer And Creator Peripherals | $164.9M | 38% |
| Memory Products | $156.1M | 36% |
| Inventory Costs | $85.6M | 20% |
| Other Segment Items | $16.9M | 4% |
| Other | $13.3M | 3% |
INVE
| Other | $3.4M | 55% |
| Europe And Middle East | $2.2M | 36% |
| Asia Pacific | $575.0K | 9% |
