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美商海盗船（CRSR）与MITEK SYSTEMS INC（MITK）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MITEK SYSTEMS INC的9.9倍（$436.9M vs $44.2M）。MITEK SYSTEMS INC净利率更高（6.3% vs 5.9%，领先0.4%）。MITEK SYSTEMS INC同比增速更快（18.8% vs 5.6%）。美商海盗船自由现金流更多（$32.9M vs $6.6M）。过去两年美商海盗船的营收复合增速更高（13.8% vs -2.9%）
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。
MITEK SYSTEMS INC是一家专注于数字身份验证与人工智能移动图像处理领域的软件企业。其软件可支持用户通过移动设备完成支票存兑与银行账户开户，还可通过分析持证人自拍照、比对人脸与证件照，完成护照、身份证、驾照等各类身份证件的身份验证。
CRSR vs MITK — 直观对比
营收规模更大
CRSR
是对方的9.9倍
$44.2M
营收增速更快
MITK
高出13.1%
5.6%
净利率更高
MITK
高出0.4%
5.9%
自由现金流更多
CRSR
多$26.3M
$6.6M
两年增速更快
CRSR
近两年复合增速
-2.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $436.9M | $44.2M |
| 净利润 | $25.8M | $2.8M |
| 毛利率 | 33.1% | — |
| 营业利润率 | 6.2% | 12.3% |
| 净利率 | 5.9% | 6.3% |
| 营收同比 | 5.6% | 18.8% |
| 净利润同比 | 1028.2% | 160.1% |
| 每股收益（稀释后） | $0.23 | $0.06 |
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CRSRMITK
| Q4 25 | $436.9M | $44.2M | ||
| Q3 25 | $345.8M | $44.8M | ||
| Q2 25 | $320.1M | $45.7M | ||
| Q1 25 | $369.8M | $51.9M | ||
| Q4 24 | $413.6M | $37.3M | ||
| Q3 24 | $304.2M | $43.2M | ||
| Q2 24 | $261.3M | $45.0M | ||
| Q1 24 | $337.3M | $47.0M |
净利润CRSRMITK
| Q4 25 | $25.8M | $2.8M | ||
| Q3 25 | $-10.6M | $1.9M | ||
| Q2 25 | $-20.9M | $2.4M | ||
| Q1 25 | $-10.5M | $9.2M | ||
| Q4 24 | $2.3M | $-4.6M | ||
| Q3 24 | $-51.7M | $8.6M | ||
| Q2 24 | $-24.2M | $216.0K | ||
| Q1 24 | $-11.6M | $282.0K |
毛利率CRSRMITK
| Q4 25 | 33.1% | — | ||
| Q3 25 | 26.9% | — | ||
| Q2 25 | 26.8% | — | ||
| Q1 25 | 27.7% | — | ||
| Q4 24 | 26.2% | — | ||
| Q3 24 | 22.9% | — | ||
| Q2 24 | 24.1% | — | ||
| Q1 24 | 25.7% | — |
营业利润率CRSRMITK
| Q4 25 | 6.2% | 12.3% | ||
| Q3 25 | -1.6% | 10.5% | ||
| Q2 25 | -5.3% | 8.3% | ||
| Q1 25 | -0.6% | 21.9% | ||
| Q4 24 | 1.4% | -8.3% | ||
| Q3 24 | -6.9% | 17.8% | ||
| Q2 24 | -9.5% | 1.6% | ||
| Q1 24 | -3.0% | 1.5% |
净利率CRSRMITK
| Q4 25 | 5.9% | 6.3% | ||
| Q3 25 | -3.1% | 4.2% | ||
| Q2 25 | -6.5% | 5.2% | ||
| Q1 25 | -2.8% | 17.6% | ||
| Q4 24 | 0.6% | -12.4% | ||
| Q3 24 | -17.0% | 19.8% | ||
| Q2 24 | -9.3% | 0.5% | ||
| Q1 24 | -3.4% | 0.6% |
每股收益（稀释后）CRSRMITK
| Q4 25 | $0.23 | $0.06 | ||
| Q3 25 | $-0.09 | $0.04 | ||
| Q2 25 | $-0.16 | $0.05 | ||
| Q1 25 | $-0.10 | $0.20 | ||
| Q4 24 | $0.01 | $-0.10 | ||
| Q3 24 | $-0.56 | $0.19 | ||
| Q2 24 | $-0.28 | $0.00 | ||
| Q1 24 | $-0.12 | $0.01 |
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 | — | $190.1M |
| 总债务越低越好 | $121.3M | $4.8M |
| 股东权益账面价值 | $633.6M | $233.7M |
| 总资产 | $1.3B | $446.5M |
| 负债/权益比越低杠杆越低 | 0.19× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资CRSRMITK
| Q4 25 | — | $190.1M | ||
| Q3 25 | — | $193.0M | ||
| Q2 25 | — | $167.1M | ||
| Q1 25 | — | $136.2M | ||
| Q4 24 | — | $121.2M | ||
| Q3 24 | — | $130.3M | ||
| Q2 24 | — | $123.1M | ||
| Q1 24 | — | $123.9M |
总债务CRSRMITK
| Q4 25 | $121.3M | $4.8M | ||
| Q3 25 | $122.9M | $4.3M | ||
| Q2 25 | $124.4M | — | ||
| Q1 25 | $148.7M | — | ||
| Q4 24 | $173.5M | — | ||
| Q3 24 | $177.2M | $2.7M | ||
| Q2 24 | $180.3M | — | ||
| Q1 24 | $183.3M | — |
股东权益CRSRMITK
| Q4 25 | $633.6M | $233.7M | ||
| Q3 25 | $600.2M | $240.3M | ||
| Q2 25 | $603.9M | $237.6M | ||
| Q1 25 | $608.8M | $220.2M | ||
| Q4 24 | $604.3M | $200.9M | ||
| Q3 24 | $598.5M | $214.8M | ||
| Q2 24 | $642.7M | $209.6M | ||
| Q1 24 | $663.5M | $216.1M |
总资产CRSRMITK
| Q4 25 | $1.3B | $446.5M | ||
| Q3 25 | $1.2B | $459.1M | ||
| Q2 25 | $1.2B | $446.7M | ||
| Q1 25 | $1.2B | $425.3M | ||
| Q4 24 | $1.2B | $396.0M | ||
| Q3 24 | $1.2B | $413.8M | ||
| Q2 24 | $1.2B | $409.2M | ||
| Q1 24 | $1.3B | $417.0M |
负债/权益比CRSRMITK
| Q4 25 | 0.19× | 0.02× | ||
| Q3 25 | 0.20× | 0.02× | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.30× | 0.01× | ||
| 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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $32.9M | $6.6M |
| 自由现金流率自由现金流/营收 | 7.5% | 14.9% |
| 资本支出强度资本支出/营收 | 1.2% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.48× | 2.89× |
| 过去12个月自由现金流最近4个季度 | $34.7M | $60.5M |
8季度趋势，按日历期对齐
经营现金流CRSRMITK
| Q4 25 | $38.2M | $8.0M | ||
| Q3 25 | $-37.0M | $19.5M | ||
| Q2 25 | $30.2M | $21.6M | ||
| Q1 25 | $18.8M | $13.7M | ||
| Q4 24 | $55.6M | $565.0K | ||
| Q3 24 | $25.1M | $21.1M | ||
| Q2 24 | $-18.5M | $13.0M | ||
| Q1 24 | $-26.3M | $7.1M |
自由现金流CRSRMITK
| Q4 25 | $32.9M | $6.6M | ||
| Q3 25 | $-41.3M | $19.2M | ||
| Q2 25 | $27.5M | $21.2M | ||
| Q1 25 | $15.7M | $13.5M | ||
| Q4 24 | $54.1M | $230.0K | ||
| Q3 24 | $21.8M | $20.8M | ||
| Q2 24 | $-21.0M | $12.6M | ||
| Q1 24 | $-28.8M | $6.6M |
自由现金流率CRSRMITK
| Q4 25 | 7.5% | 14.9% | ||
| Q3 25 | -12.0% | 42.9% | ||
| Q2 25 | 8.6% | 46.5% | ||
| Q1 25 | 4.2% | 26.0% | ||
| Q4 24 | 13.1% | 0.6% | ||
| Q3 24 | 7.2% | 48.2% | ||
| Q2 24 | -8.0% | 27.9% | ||
| Q1 24 | -8.6% | 14.0% |
资本支出强度CRSRMITK
| Q4 25 | 1.2% | 3.2% | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 0.8% | 0.7% | ||
| Q1 25 | 0.8% | 0.4% | ||
| Q4 24 | 0.4% | 0.9% | ||
| Q3 24 | 1.1% | 0.7% | ||
| Q2 24 | 1.0% | 1.0% | ||
| Q1 24 | 0.7% | 1.0% |
现金转化率CRSRMITK
| Q4 25 | 1.48× | 2.89× | ||
| Q3 25 | — | 10.46× | ||
| Q2 25 | — | 9.00× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | 24.30× | — | ||
| Q3 24 | — | 2.46× | ||
| Q2 24 | — | 60.12× | ||
| Q1 24 | — | 25.05× |
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% |
MITK
| Fraud And Identity Solutions | $25.5M | 58% |
| License | $13.9M | 31% |
| Fraud And Identity Solutions Software License And Support | $3.9M | 9% |
| Professional Services And Other | $1.2M | 3% |
