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Criteo S.A.（CRTO）与Acushnet Holdings Corp.（GOLF）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Acushnet Holdings Corp.的1.0倍（$482.7M vs $477.2M），Criteo S.A.净利率更高（4.4% vs -7.3%，领先11.7%），Acushnet Holdings Corp.同比增速更快（7.2% vs 2.4%），Acushnet Holdings Corp.自由现金流更多（$-23.3M vs $-36.6M），过去两年Criteo S.A.的营收复合增速更高（1.4% vs -17.9%）
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。
Acushnet Holdings Corp.是一家专注于高尔夫赛道的美国企业，旗下运营多个知名品牌，产品品类覆盖高尔夫专业器材、运动服饰及相关配件，为全球高尔夫运动爱好者提供多元化的相关产品选择。
CRTO vs GOLF — 直观对比
营收规模更大
CRTO
是对方的1.0倍
$477.2M
营收增速更快
GOLF
高出4.8%
2.4%
净利率更高
CRTO
高出11.7%
-7.3%
自由现金流更多
GOLF
多$13.3M
$-36.6M
两年增速更快
CRTO
近两年复合增速
-17.9%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $482.7M | $477.2M |
| 净利润 | $21.3M | $-34.9M |
| 毛利率 | 53.6% | 44.1% |
| 营业利润率 | 6.3% | -3.8% |
| 净利率 | 4.4% | -7.3% |
| 营收同比 | 2.4% | 7.2% |
| 净利润同比 | -21.3% | -3027.3% |
| 每股收益（稀释后） | $0.39 | $-0.57 |
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CRTOGOLF
| Q4 25 | — | $477.2M | ||
| Q3 25 | — | $657.7M | ||
| Q2 25 | $482.7M | $720.5M | ||
| Q1 25 | $451.4M | $703.4M | ||
| Q4 24 | $553.0M | $445.2M | ||
| Q3 24 | $458.9M | $620.5M | ||
| Q2 24 | $471.3M | $683.9M | ||
| Q1 24 | $450.1M | $707.6M |
净利润CRTOGOLF
| Q4 25 | — | $-34.9M | ||
| Q3 25 | — | $48.5M | ||
| Q2 25 | $21.3M | $75.6M | ||
| Q1 25 | $37.9M | $99.4M | ||
| Q4 24 | $71.1M | $-1.1M | ||
| Q3 24 | $6.2M | $56.2M | ||
| Q2 24 | $27.0M | $71.4M | ||
| Q1 24 | $7.2M | $87.8M |
毛利率CRTOGOLF
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 48.5% | ||
| Q2 25 | 53.6% | 49.2% | ||
| Q1 25 | 52.5% | 47.9% | ||
| Q4 24 | 54.4% | 22.6% | ||
| Q3 24 | 50.5% | 54.4% | ||
| Q2 24 | 49.4% | 54.4% | ||
| Q1 24 | 48.3% | 53.4% |
营业利润率CRTOGOLF
| Q4 25 | — | -3.8% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | 6.3% | 15.2% | ||
| Q1 25 | 10.7% | 16.3% | ||
| Q4 24 | 17.1% | -1.2% | ||
| Q3 24 | 2.1% | 13.2% | ||
| Q2 24 | 7.8% | 15.5% | ||
| Q1 24 | 2.3% | 17.2% |
净利率CRTOGOLF
| Q4 25 | — | -7.3% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | 4.4% | 10.5% | ||
| Q1 25 | 8.4% | 14.1% | ||
| Q4 24 | 12.9% | -0.3% | ||
| Q3 24 | 1.4% | 9.1% | ||
| Q2 24 | 5.7% | 10.4% | ||
| Q1 24 | 1.6% | 12.4% |
每股收益（稀释后）CRTOGOLF
| Q4 25 | — | $-0.57 | ||
| Q3 25 | — | $0.81 | ||
| Q2 25 | $0.39 | $1.25 | ||
| Q1 25 | $0.66 | $1.62 | ||
| Q4 24 | $1.21 | $0.02 | ||
| Q3 24 | $0.11 | $0.89 | ||
| Q2 24 | $0.46 | $1.11 | ||
| Q1 24 | $0.12 | $1.35 |
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 | — |
| 总债务越低越好 | — | $926.2M |
| 股东权益账面价值 | $1.1B | $783.6M |
| 总资产 | $2.1B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资CRTOGOLF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $223.6M | — | ||
| Q1 25 | $313.2M | — | ||
| Q4 24 | $316.9M | — | ||
| Q3 24 | $231.8M | — | ||
| Q2 24 | $233.2M | — | ||
| Q1 24 | $278.1M | — |
总债务CRTOGOLF
| Q4 25 | — | $926.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $753.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CRTOGOLF
| Q4 25 | — | $783.6M | ||
| Q3 25 | — | $852.3M | ||
| Q2 25 | $1.1B | $808.5M | ||
| Q1 25 | $1.1B | $780.3M | ||
| Q4 24 | $1.0B | $765.2M | ||
| Q3 24 | $1.1B | $863.9M | ||
| Q2 24 | $1.0B | $863.7M | ||
| Q1 24 | $1.0B | $883.7M |
总资产CRTOGOLF
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.1B | $2.4B | ||
| Q4 24 | $2.3B | $2.2B | ||
| Q3 24 | $2.2B | $2.3B | ||
| Q2 24 | $2.2B | $2.3B | ||
| Q1 24 | $2.2B | $2.4B |
负债/权益比CRTOGOLF
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-338.0K |
| 自由现金流经营现金流 - 资本支出 | $-36.6M | $-23.3M |
| 自由现金流率自由现金流/营收 | -7.6% | -4.9% |
| 资本支出强度资本支出/营收 | 7.3% | 4.8% |
| 现金转化率经营现金流/净利润 | -0.07× | — |
| 过去12个月自由现金流最近4个季度 | — | $120.0M |
8季度趋势，按日历期对齐
经营现金流CRTOGOLF
| Q4 25 | — | $-338.0K | ||
| Q3 25 | — | $163.1M | ||
| Q2 25 | $-1.4M | $151.9M | ||
| Q1 25 | $62.3M | $-120.3M | ||
| Q4 24 | $169.5M | $-1.1M | ||
| Q3 24 | $57.5M | $144.1M | ||
| Q2 24 | $17.2M | $211.6M | ||
| Q1 24 | $14.0M | $-109.5M |
自由现金流CRTOGOLF
| Q4 25 | — | $-23.3M | ||
| Q3 25 | — | $136.9M | ||
| Q2 25 | $-36.6M | $138.0M | ||
| Q1 25 | $45.3M | $-131.5M | ||
| Q4 24 | — | $-33.2M | ||
| Q3 24 | — | $123.7M | ||
| Q2 24 | $-4.0M | $196.8M | ||
| Q1 24 | $173.0K | $-116.8M |
自由现金流率CRTOGOLF
| Q4 25 | — | -4.9% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | -7.6% | 19.2% | ||
| Q1 25 | 10.0% | -18.7% | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | -0.9% | 28.8% | ||
| Q1 24 | 0.0% | -16.5% |
资本支出强度CRTOGOLF
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | 7.3% | 1.9% | ||
| Q1 25 | 3.8% | 1.6% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | 4.5% | 2.2% | ||
| Q1 24 | 3.1% | 1.0% |
现金转化率CRTOGOLF
| Q4 25 | — | — | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | -0.07× | 2.01× | ||
| Q1 25 | 1.64× | -1.21× | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 9.21× | 2.56× | ||
| Q2 24 | 0.64× | 2.96× | ||
| Q1 24 | 1.93× | -1.25× |
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% |
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
