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美商海盗船（CRSR）与Revolve Group, Inc.（RVLV）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Revolve Group, Inc.的1.3倍（$436.9M vs $324.4M），美商海盗船净利率更高（5.9% vs 5.7%，领先0.2%），Revolve Group, Inc.同比增速更快（10.4% vs 5.6%），美商海盗船自由现金流更多（$32.9M vs $-13.3M），过去两年美商海盗船的营收复合增速更高（13.8% vs 9.5%）
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。
Revolve Theatre Company是总部位于英国泰晤士河畔亨利的剧团，专注于创作演出政治题材和莎士比亚系列戏剧作品，由奥利弗·登奇、乔·莫里斯与汤姆·史密斯共同创立运营。
CRSR vs RVLV — 直观对比
营收规模更大
CRSR
是对方的1.3倍
$324.4M
营收增速更快
RVLV
高出4.8%
5.6%
净利率更高
CRSR
高出0.2%
5.7%
自由现金流更多
CRSR
多$46.2M
$-13.3M
两年增速更快
CRSR
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $436.9M | $324.4M |
| 净利润 | $25.8M | $18.6M |
| 毛利率 | 33.1% | 53.3% |
| 营业利润率 | 6.2% | 6.3% |
| 净利率 | 5.9% | 5.7% |
| 营收同比 | 5.6% | 10.4% |
| 净利润同比 | 1028.2% | 50.4% |
| 每股收益（稀释后） | $0.23 | $0.27 |
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CRSRRVLV
| Q4 25 | $436.9M | $324.4M | ||
| Q3 25 | $345.8M | $295.6M | ||
| Q2 25 | $320.1M | $309.0M | ||
| Q1 25 | $369.8M | $296.7M | ||
| Q4 24 | $413.6M | $293.7M | ||
| Q3 24 | $304.2M | $283.1M | ||
| Q2 24 | $261.3M | $282.5M | ||
| Q1 24 | $337.3M | $270.6M |
净利润CRSRRVLV
| Q4 25 | $25.8M | $18.6M | ||
| Q3 25 | $-10.6M | $21.2M | ||
| Q2 25 | $-20.9M | $10.2M | ||
| Q1 25 | $-10.5M | $11.8M | ||
| Q4 24 | $2.3M | $12.3M | ||
| Q3 24 | $-51.7M | $11.0M | ||
| Q2 24 | $-24.2M | $15.4M | ||
| Q1 24 | $-11.6M | $10.9M |
毛利率CRSRRVLV
| Q4 25 | 33.1% | 53.3% | ||
| Q3 25 | 26.9% | 54.6% | ||
| Q2 25 | 26.8% | 54.1% | ||
| Q1 25 | 27.7% | 52.0% | ||
| Q4 24 | 26.2% | 52.5% | ||
| Q3 24 | 22.9% | 51.2% | ||
| Q2 24 | 24.1% | 54.0% | ||
| Q1 24 | 25.7% | 52.3% |
营业利润率CRSRRVLV
| Q4 25 | 6.2% | 6.3% | ||
| Q3 25 | -1.6% | 7.1% | ||
| Q2 25 | -5.3% | 5.8% | ||
| Q1 25 | -0.6% | 5.0% | ||
| Q4 24 | 1.4% | 3.9% | ||
| Q3 24 | -6.9% | 5.0% | ||
| Q2 24 | -9.5% | 5.8% | ||
| Q1 24 | -3.0% | 3.4% |
净利率CRSRRVLV
| Q4 25 | 5.9% | 5.7% | ||
| Q3 25 | -3.1% | 7.2% | ||
| Q2 25 | -6.5% | 3.3% | ||
| Q1 25 | -2.8% | 4.0% | ||
| Q4 24 | 0.6% | 4.2% | ||
| Q3 24 | -17.0% | 3.9% | ||
| Q2 24 | -9.3% | 5.4% | ||
| Q1 24 | -3.4% | 4.0% |
每股收益（稀释后）CRSRRVLV
| Q4 25 | $0.23 | $0.27 | ||
| Q3 25 | $-0.09 | $0.29 | ||
| Q2 25 | $-0.16 | $0.14 | ||
| Q1 25 | $-0.10 | $0.16 | ||
| Q4 24 | $0.01 | $0.18 | ||
| Q3 24 | $-0.56 | $0.15 | ||
| Q2 24 | $-0.28 | $0.21 | ||
| Q1 24 | $-0.12 | $0.15 |
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 | — | $292.3M |
| 总债务越低越好 | $121.3M | — |
| 股东权益账面价值 | $633.6M | $512.5M |
| 总资产 | $1.3B | $765.0M |
| 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CRSRRVLV
| Q4 25 | — | $292.3M | ||
| Q3 25 | — | $315.4M | ||
| Q2 25 | — | $310.7M | ||
| Q1 25 | — | $300.8M | ||
| Q4 24 | — | $256.6M | ||
| Q3 24 | — | $252.8M | ||
| Q2 24 | — | $244.7M | ||
| Q1 24 | — | $273.4M |
总债务CRSRRVLV
| 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CRSRRVLV
| Q4 25 | $633.6M | $512.5M | ||
| Q3 25 | $600.2M | $490.2M | ||
| Q2 25 | $603.9M | $468.6M | ||
| Q1 25 | $608.8M | $453.4M | ||
| Q4 24 | $604.3M | $437.8M | ||
| Q3 24 | $598.5M | $420.8M | ||
| Q2 24 | $642.7M | $405.8M | ||
| Q1 24 | $663.5M | $389.9M |
总资产CRSRRVLV
| Q4 25 | $1.3B | $765.0M | ||
| Q3 25 | $1.2B | $751.3M | ||
| Q2 25 | $1.2B | $722.9M | ||
| Q1 25 | $1.2B | $713.9M | ||
| Q4 24 | $1.2B | $665.5M | ||
| Q3 24 | $1.2B | $670.9M | ||
| Q2 24 | $1.2B | $657.8M | ||
| Q1 24 | $1.3B | $650.0M |
负债/权益比CRSRRVLV
| 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 | $-10.2M |
| 自由现金流经营现金流 - 资本支出 | $32.9M | $-13.3M |
| 自由现金流率自由现金流/营收 | 7.5% | -4.1% |
| 资本支出强度资本支出/营收 | 1.2% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.48× | -0.55× |
| 过去12个月自由现金流最近4个季度 | $34.7M | $48.0M |
8季度趋势，按日历期对齐
经营现金流CRSRRVLV
| Q4 25 | $38.2M | $-10.2M | ||
| Q3 25 | $-37.0M | $11.8M | ||
| Q2 25 | $30.2M | $12.6M | ||
| Q1 25 | $18.8M | $45.1M | ||
| Q4 24 | $55.6M | $3.9M | ||
| Q3 24 | $25.1M | $9.1M | ||
| Q2 24 | $-18.5M | $-24.7M | ||
| Q1 24 | $-26.3M | $38.4M |
自由现金流CRSRRVLV
| Q4 25 | $32.9M | $-13.3M | ||
| Q3 25 | $-41.3M | $7.5M | ||
| Q2 25 | $27.5M | $10.4M | ||
| Q1 25 | $15.7M | $43.4M | ||
| Q4 24 | $54.1M | $2.1M | ||
| Q3 24 | $21.8M | $8.0M | ||
| Q2 24 | $-21.0M | $-25.7M | ||
| Q1 24 | $-28.8M | $36.7M |
自由现金流率CRSRRVLV
| Q4 25 | 7.5% | -4.1% | ||
| Q3 25 | -12.0% | 2.5% | ||
| Q2 25 | 8.6% | 3.4% | ||
| Q1 25 | 4.2% | 14.6% | ||
| Q4 24 | 13.1% | 0.7% | ||
| Q3 24 | 7.2% | 2.8% | ||
| Q2 24 | -8.0% | -9.1% | ||
| Q1 24 | -8.6% | 13.5% |
资本支出强度CRSRRVLV
| Q4 25 | 1.2% | 1.0% | ||
| Q3 25 | 1.3% | 1.5% | ||
| Q2 25 | 0.8% | 0.7% | ||
| Q1 25 | 0.8% | 0.6% | ||
| Q4 24 | 0.4% | 0.6% | ||
| Q3 24 | 1.1% | 0.4% | ||
| Q2 24 | 1.0% | 0.4% | ||
| Q1 24 | 0.7% | 0.6% |
现金转化率CRSRRVLV
| Q4 25 | 1.48× | -0.55× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 3.82× | ||
| Q4 24 | 24.30× | 0.32× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | -1.60× | ||
| Q1 24 | — | 3.53× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
