vs
Criteo S.A.（CRTO）与必能宝（PBI）财务数据对比。点击上方公司名可切换其他公司
Criteo S.A.的季度营收约是必能宝的1.0倍（$482.7M vs $477.6M），必能宝净利率更高（5.7% vs 4.4%，领先1.3%），Criteo S.A.同比增速更快（2.4% vs -7.5%），必能宝自由现金流更多（$201.4M vs $-36.6M），过去两年Criteo S.A.的营收复合增速更高（1.4% vs -4.3%）
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。
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
CRTO vs PBI — 直观对比
营收规模更大
CRTO
是对方的1.0倍
$477.6M
营收增速更快
CRTO
高出9.9%
-7.5%
净利率更高
PBI
高出1.3%
4.4%
自由现金流更多
PBI
多$238.1M
$-36.6M
两年增速更快
CRTO
近两年复合增速
-4.3%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $482.7M | $477.6M |
| 净利润 | $21.3M | $27.3M |
| 毛利率 | 53.6% | — |
| 营业利润率 | 6.3% | 8.0% |
| 净利率 | 4.4% | 5.7% |
| 营收同比 | 2.4% | -7.5% |
| 净利润同比 | -21.3% | 173.1% |
| 每股收益（稀释后） | $0.39 | $0.18 |
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CRTOPBI
| Q4 25 | — | $477.6M | ||
| Q3 25 | — | $459.7M | ||
| Q2 25 | $482.7M | $461.9M | ||
| Q1 25 | $451.4M | $493.4M | ||
| Q4 24 | $553.0M | $516.1M | ||
| Q3 24 | $458.9M | $499.5M | ||
| Q2 24 | $471.3M | $489.7M | ||
| Q1 24 | $450.1M | $521.3M |
净利润CRTOPBI
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $52.0M | ||
| Q2 25 | $21.3M | $30.0M | ||
| Q1 25 | $37.9M | $35.4M | ||
| Q4 24 | $71.1M | $-37.4M | ||
| Q3 24 | $6.2M | $-138.5M | ||
| Q2 24 | $27.0M | $-24.9M | ||
| Q1 24 | $7.2M | $-2.9M |
毛利率CRTOPBI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 52.5% | — | ||
| Q4 24 | 54.4% | 53.8% | ||
| Q3 24 | 50.5% | 52.4% | ||
| Q2 24 | 49.4% | 51.1% | ||
| Q1 24 | 48.3% | 52.3% |
营业利润率CRTOPBI
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | 6.3% | 8.5% | ||
| Q1 25 | 10.7% | 9.5% | ||
| Q4 24 | 17.1% | -9.3% | ||
| Q3 24 | 2.1% | -8.8% | ||
| Q2 24 | 7.8% | -1.6% | ||
| Q1 24 | 2.3% | 9.1% |
净利率CRTOPBI
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | 4.4% | 6.5% | ||
| Q1 25 | 8.4% | 7.2% | ||
| Q4 24 | 12.9% | -7.2% | ||
| Q3 24 | 1.4% | -27.7% | ||
| Q2 24 | 5.7% | -5.1% | ||
| Q1 24 | 1.6% | -0.6% |
每股收益（稀释后）CRTOPBI
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | $0.39 | $0.17 | ||
| Q1 25 | $0.66 | $0.19 | ||
| Q4 24 | $1.21 | $-0.21 | ||
| Q3 24 | $0.11 | $-0.75 | ||
| Q2 24 | $0.46 | $-0.14 | ||
| Q1 24 | $0.12 | $-0.02 |
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 | $297.1M |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $1.1B | $-802.4M |
| 总资产 | $2.1B | $3.2B |
| 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CRTOPBI
| Q4 25 | — | $297.1M | ||
| Q3 25 | — | $336.0M | ||
| Q2 25 | $223.6M | $300.8M | ||
| Q1 25 | $313.2M | $340.0M | ||
| Q4 24 | $316.9M | $486.1M | ||
| Q3 24 | $231.8M | $575.5M | ||
| Q2 24 | $233.2M | $612.0M | ||
| Q1 24 | $278.1M | $538.0M |
总债务CRTOPBI
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益CRTOPBI
| Q4 25 | — | $-802.4M | ||
| Q3 25 | — | $-661.5M | ||
| Q2 25 | $1.1B | $-536.8M | ||
| Q1 25 | $1.1B | $-535.9M | ||
| Q4 24 | $1.0B | $-578.4M | ||
| Q3 24 | $1.1B | $-518.9M | ||
| Q2 24 | $1.0B | $-427.9M | ||
| Q1 24 | $1.0B | $-392.4M |
总资产CRTOPBI
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | $2.1B | $3.2B | ||
| Q1 25 | $2.1B | $3.3B | ||
| Q4 24 | $2.3B | $3.4B | ||
| Q3 24 | $2.2B | $3.6B | ||
| Q2 24 | $2.2B | $4.1B | ||
| Q1 24 | $2.2B | $4.1B |
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 | $221.7M |
| 自由现金流经营现金流 - 资本支出 | $-36.6M | $201.4M |
| 自由现金流率自由现金流/营收 | -7.6% | 42.2% |
| 资本支出强度资本支出/营收 | 7.3% | 4.2% |
| 现金转化率经营现金流/净利润 | -0.07× | 8.11× |
| 过去12个月自由现金流最近4个季度 | — | $317.0M |
8季度趋势，按日历期对齐
经营现金流CRTOPBI
| Q4 25 | — | $221.7M | ||
| Q3 25 | — | $66.8M | ||
| Q2 25 | $-1.4M | $111.4M | ||
| Q1 25 | $62.3M | $-16.7M | ||
| Q4 24 | $169.5M | $134.5M | ||
| Q3 24 | $57.5M | $14.7M | ||
| Q2 24 | $17.2M | $92.6M | ||
| Q1 24 | $14.0M | $-12.6M |
自由现金流CRTOPBI
| Q4 25 | — | $201.4M | ||
| Q3 25 | — | $51.1M | ||
| Q2 25 | $-36.6M | $98.0M | ||
| Q1 25 | $45.3M | $-33.6M | ||
| Q4 24 | — | $112.3M | ||
| Q3 24 | — | $-4.7M | ||
| Q2 24 | $-4.0M | $76.1M | ||
| Q1 24 | $173.0K | $-26.9M |
自由现金流率CRTOPBI
| Q4 25 | — | 42.2% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | -7.6% | 21.2% | ||
| Q1 25 | 10.0% | -6.8% | ||
| Q4 24 | — | 21.8% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | -0.9% | 15.5% | ||
| Q1 24 | 0.0% | -5.2% |
资本支出强度CRTOPBI
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | 7.3% | 2.9% | ||
| Q1 25 | 3.8% | 3.4% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | 4.5% | 3.4% | ||
| Q1 24 | 3.1% | 2.7% |
现金转化率CRTOPBI
| Q4 25 | — | 8.11× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | -0.07× | 3.72× | ||
| Q1 25 | 1.64× | -0.47× | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 9.21× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 1.93× | — |
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% |
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
