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美商海盗船（CRSR）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是美商海盗船的1.5倍（$663.0M vs $436.9M），Reddit, Inc.净利率更高（30.8% vs 5.9%，领先24.9%），Reddit, Inc.同比增速更快（69.0% vs 5.6%），Reddit, Inc.自由现金流更多（$311.0M vs $32.9M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs 13.8%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
CRSR vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.5倍
$436.9M
营收增速更快
RDDT
高出63.4%
5.6%
净利率更高
RDDT
高出24.9%
5.9%
自由现金流更多
RDDT
多$278.1M
$32.9M
两年增速更快
RDDT
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $436.9M | $663.0M |
| 净利润 | $25.8M | $204.0M |
| 毛利率 | 33.1% | 100.0% |
| 营业利润率 | 6.2% | 0.0% |
| 净利率 | 5.9% | 30.8% |
| 营收同比 | 5.6% | 69.0% |
| 净利润同比 | 1028.2% | 680.0% |
| 每股收益（稀释后） | $0.23 | $1.01 |
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CRSRRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $436.9M | $725.6M | ||
| Q3 25 | $345.8M | $584.9M | ||
| Q2 25 | $320.1M | $499.6M | ||
| Q1 25 | $369.8M | $392.4M | ||
| Q4 24 | $413.6M | $427.7M | ||
| Q3 24 | $304.2M | $348.4M | ||
| Q2 24 | $261.3M | $281.2M |
净利润CRSRRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $25.8M | $251.6M | ||
| Q3 25 | $-10.6M | $162.7M | ||
| Q2 25 | $-20.9M | $89.3M | ||
| Q1 25 | $-10.5M | $26.2M | ||
| Q4 24 | $2.3M | $71.0M | ||
| Q3 24 | $-51.7M | $29.9M | ||
| Q2 24 | $-24.2M | $-10.1M |
毛利率CRSRRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | 33.1% | 91.9% | ||
| Q3 25 | 26.9% | 91.0% | ||
| Q2 25 | 26.8% | 90.8% | ||
| Q1 25 | 27.7% | 90.5% | ||
| Q4 24 | 26.2% | 92.6% | ||
| Q3 24 | 22.9% | 90.1% | ||
| Q2 24 | 24.1% | 89.5% |
营业利润率CRSRRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | 6.2% | 31.9% | ||
| Q3 25 | -1.6% | 23.7% | ||
| Q2 25 | -5.3% | 13.6% | ||
| Q1 25 | -0.6% | 1.0% | ||
| Q4 24 | 1.4% | 12.4% | ||
| Q3 24 | -6.9% | 2.0% | ||
| Q2 24 | -9.5% | -11.0% |
净利率CRSRRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 5.9% | 34.7% | ||
| Q3 25 | -3.1% | 27.8% | ||
| Q2 25 | -6.5% | 17.9% | ||
| Q1 25 | -2.8% | 6.7% | ||
| Q4 24 | 0.6% | 16.6% | ||
| Q3 24 | -17.0% | 8.6% | ||
| Q2 24 | -9.3% | -3.6% |
每股收益（稀释后）CRSRRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $0.23 | $1.24 | ||
| Q3 25 | $-0.09 | $0.80 | ||
| Q2 25 | $-0.16 | $0.45 | ||
| Q1 25 | $-0.10 | $0.13 | ||
| Q4 24 | $0.01 | $4.76 | ||
| Q3 24 | $-0.56 | $0.16 | ||
| Q2 24 | $-0.28 | $-0.06 |
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 | — | $1.4B |
| 总债务越低越好 | $121.3M | — |
| 股东权益账面价值 | $633.6M | $3.2B |
| 总资产 | $1.3B | $3.5B |
| 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CRSRRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $953.6M | ||
| Q3 25 | — | $911.7M | ||
| Q2 25 | — | $734.1M | ||
| Q1 25 | — | $635.7M | ||
| Q4 24 | — | $562.1M | ||
| Q3 24 | — | $515.9M | ||
| Q2 24 | — | $468.0M |
总债务CRSRRDDT
| Q1 26 | — | — | ||
| 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 | — |
股东权益CRSRRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $633.6M | $2.9B | ||
| Q3 25 | $600.2M | $2.6B | ||
| Q2 25 | $603.9M | $2.4B | ||
| Q1 25 | $608.8M | $2.2B | ||
| Q4 24 | $604.3M | $2.1B | ||
| Q3 24 | $598.5M | $2.0B | ||
| Q2 24 | $642.7M | $1.9B |
总资产CRSRRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.3B | $3.2B | ||
| Q3 25 | $1.2B | $2.9B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.2B | $2.1B |
负债/权益比CRSRRDDT
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $32.9M | $311.0M |
| 自由现金流率自由现金流/营收 | 7.5% | 46.9% |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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 | $868.6M |
8季度趋势，按日历期对齐
经营现金流CRSRRDDT
| Q1 26 | — | — | ||
| Q4 25 | $38.2M | $266.8M | ||
| Q3 25 | $-37.0M | $185.2M | ||
| Q2 25 | $30.2M | $111.3M | ||
| Q1 25 | $18.8M | $127.6M | ||
| Q4 24 | $55.6M | $90.0M | ||
| Q3 24 | $25.1M | $71.6M | ||
| Q2 24 | $-18.5M | $28.4M |
自由现金流CRSRRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $32.9M | $263.6M | ||
| Q3 25 | $-41.3M | $183.1M | ||
| Q2 25 | $27.5M | $110.8M | ||
| Q1 25 | $15.7M | $126.6M | ||
| Q4 24 | $54.1M | $89.2M | ||
| Q3 24 | $21.8M | $70.3M | ||
| Q2 24 | $-21.0M | $27.2M |
自由现金流率CRSRRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 7.5% | 36.3% | ||
| Q3 25 | -12.0% | 31.3% | ||
| Q2 25 | 8.6% | 22.2% | ||
| Q1 25 | 4.2% | 32.3% | ||
| Q4 24 | 13.1% | 20.8% | ||
| Q3 24 | 7.2% | 20.2% | ||
| Q2 24 | -8.0% | 9.7% |
资本支出强度CRSRRDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 1.3% | 0.4% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 0.4% | 0.2% | ||
| Q3 24 | 1.1% | 0.4% | ||
| Q2 24 | 1.0% | 0.4% |
现金转化率CRSRRDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | 24.30× | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 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% |
RDDT
暂无分部数据
