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Criteo S.A.（CRTO）与GigaCloud Technology Inc（GCT）财务数据对比。点击上方公司名可切换其他公司
Criteo S.A.的季度营收约是GigaCloud Technology Inc的1.5倍（$482.7M vs $332.6M），GigaCloud Technology Inc净利率更高（11.2% vs 4.4%，领先6.8%），GigaCloud Technology Inc同比增速更快（9.7% vs 2.4%），GigaCloud Technology Inc自由现金流更多（$77.1M vs $-36.6M），过去两年GigaCloud Technology Inc的营收复合增速更高（36.6% vs 1.4%）
Criteo S.A.是一家总部位于法国巴黎的广告服务商，专注于为客户提供在线展示广告服务，帮助品牌与媒体触达目标受众，是全球互联网广告领域的知名企业，深耕效果营销领域多年，服务众多跨境与本土客户。
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
CRTO vs GCT — 直观对比
营收规模更大
CRTO
是对方的1.5倍
$332.6M
营收增速更快
GCT
高出7.3%
2.4%
净利率更高
GCT
高出6.8%
4.4%
自由现金流更多
GCT
多$113.7M
$-36.6M
两年增速更快
GCT
近两年复合增速
1.4%
损益表 — Q2 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $482.7M | $332.6M |
| 净利润 | $21.3M | $37.2M |
| 毛利率 | 53.6% | 23.2% |
| 营业利润率 | 6.3% | 12.2% |
| 净利率 | 4.4% | 11.2% |
| 营收同比 | 2.4% | 9.7% |
| 净利润同比 | -21.3% | -8.6% |
| 每股收益（稀释后） | $0.39 | $0.99 |
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CRTOGCT
| Q3 25 | — | $332.6M | ||
| Q2 25 | $482.7M | $322.6M | ||
| Q1 25 | $451.4M | $271.9M | ||
| Q4 24 | $553.0M | $295.8M | ||
| Q3 24 | $458.9M | $303.3M | ||
| Q2 24 | $471.3M | $310.9M | ||
| Q1 24 | $450.1M | $251.1M | ||
| Q4 23 | $566.3M | — |
净利润CRTOGCT
| Q3 25 | — | $37.2M | ||
| Q2 25 | $21.3M | $34.6M | ||
| Q1 25 | $37.9M | $27.1M | ||
| Q4 24 | $71.1M | $31.0M | ||
| Q3 24 | $6.2M | $40.7M | ||
| Q2 24 | $27.0M | $27.0M | ||
| Q1 24 | $7.2M | $27.2M | ||
| Q4 23 | $61.0M | — |
毛利率CRTOGCT
| Q3 25 | — | 23.2% | ||
| Q2 25 | 53.6% | 23.9% | ||
| Q1 25 | 52.5% | 23.4% | ||
| Q4 24 | 54.4% | 22.0% | ||
| Q3 24 | 50.5% | 25.5% | ||
| Q2 24 | 49.4% | 24.6% | ||
| Q1 24 | 48.3% | 26.5% | ||
| Q4 23 | 48.8% | — |
营业利润率CRTOGCT
| Q3 25 | — | 12.2% | ||
| Q2 25 | 6.3% | 11.1% | ||
| Q1 25 | 10.7% | 10.4% | ||
| Q4 24 | 17.1% | 9.3% | ||
| Q3 24 | 2.1% | 13.4% | ||
| Q2 24 | 7.8% | 8.8% | ||
| Q1 24 | 2.3% | 13.9% | ||
| Q4 23 | 15.6% | — |
净利率CRTOGCT
| Q3 25 | — | 11.2% | ||
| Q2 25 | 4.4% | 10.7% | ||
| Q1 25 | 8.4% | 10.0% | ||
| Q4 24 | 12.9% | 10.5% | ||
| Q3 24 | 1.4% | 13.4% | ||
| Q2 24 | 5.7% | 8.7% | ||
| Q1 24 | 1.6% | 10.8% | ||
| Q4 23 | 10.8% | — |
每股收益（稀释后）CRTOGCT
| Q3 25 | — | $0.99 | ||
| Q2 25 | $0.39 | $0.91 | ||
| Q1 25 | $0.66 | $0.68 | ||
| Q4 24 | $1.21 | $0.76 | ||
| Q3 24 | $0.11 | $0.98 | ||
| Q2 24 | $0.46 | $0.65 | ||
| Q1 24 | $0.12 | $0.66 | ||
| Q4 23 | $1.02 | — |
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 | $223.6M | $365.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $457.3M |
| 总资产 | $2.1B | $1.1B |
| 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CRTOGCT
| Q3 25 | — | $365.9M | ||
| Q2 25 | $223.6M | $303.0M | ||
| Q1 25 | $313.2M | $286.8M | ||
| Q4 24 | $316.9M | $302.4M | ||
| Q3 24 | $231.8M | $259.8M | ||
| Q2 24 | $233.2M | $207.8M | ||
| Q1 24 | $278.1M | $195.3M | ||
| Q4 23 | $342.3M | — |
股东权益CRTOGCT
| Q3 25 | — | $457.3M | ||
| Q2 25 | $1.1B | $431.4M | ||
| Q1 25 | $1.1B | $412.9M | ||
| Q4 24 | $1.0B | $405.2M | ||
| Q3 24 | $1.1B | $400.4M | ||
| Q2 24 | $1.0B | $358.4M | ||
| Q1 24 | $1.0B | $317.8M | ||
| Q4 23 | $1.1B | — |
总资产CRTOGCT
| Q3 25 | — | $1.1B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.2B | $1.1B | ||
| Q1 24 | $2.2B | $977.6M | ||
| Q4 23 | $2.4B | — |
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 | $-1.4M | $78.3M |
| 自由现金流经营现金流 - 资本支出 | $-36.6M | $77.1M |
| 自由现金流率自由现金流/营收 | -7.6% | 23.2% |
| 资本支出强度资本支出/营收 | 7.3% | 0.4% |
| 现金转化率经营现金流/净利润 | -0.07× | 2.10× |
| 过去12个月自由现金流最近4个季度 | — | $188.1M |
8季度趋势，按日历期对齐
经营现金流CRTOGCT
| Q3 25 | — | $78.3M | ||
| Q2 25 | $-1.4M | $38.6M | ||
| Q1 25 | $62.3M | $9.4M | ||
| Q4 24 | $169.5M | $68.4M | ||
| Q3 24 | $57.5M | $55.2M | ||
| Q2 24 | $17.2M | $19.1M | ||
| Q1 24 | $14.0M | $15.3M | ||
| Q4 23 | $161.3M | — |
自由现金流CRTOGCT
| Q3 25 | — | $77.1M | ||
| Q2 25 | $-36.6M | $37.0M | ||
| Q1 25 | $45.3M | $7.0M | ||
| Q4 24 | — | $66.9M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | $-4.0M | $12.9M | ||
| Q1 24 | $173.0K | $11.3M | ||
| Q4 23 | — | — |
自由现金流率CRTOGCT
| Q3 25 | — | 23.2% | ||
| Q2 25 | -7.6% | 11.5% | ||
| Q1 25 | 10.0% | 2.6% | ||
| Q4 24 | — | 22.6% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | -0.9% | 4.2% | ||
| Q1 24 | 0.0% | 4.5% | ||
| Q4 23 | — | — |
资本支出强度CRTOGCT
| Q3 25 | — | 0.4% | ||
| Q2 25 | 7.3% | 0.5% | ||
| Q1 25 | 3.8% | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | 4.5% | 2.0% | ||
| Q1 24 | 3.1% | 1.6% | ||
| Q4 23 | — | — |
现金转化率CRTOGCT
| Q3 25 | — | 2.10× | ||
| Q2 25 | -0.07× | 1.12× | ||
| Q1 25 | 1.64× | 0.35× | ||
| Q4 24 | 2.38× | 2.21× | ||
| Q3 24 | 9.21× | 1.36× | ||
| Q2 24 | 0.64× | 0.71× | ||
| Q1 24 | 1.93× | 0.56× | ||
| Q4 23 | 2.64× | — |
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
CRTO
| Commerce Growth | $393.9M | 82% |
| Retail Media | $60.9M | 13% |
| Other | $27.9M | 6% |
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
