vs
Criteo S.A.（CRTO）与猫途鹰（TRIP）财务数据对比。点击上方公司名可切换其他公司
Criteo S.A.的季度营收约是猫途鹰的1.2倍（$482.7M vs $411.0M），Criteo S.A.净利率更高（4.4% vs -9.2%，领先13.6%），Criteo S.A.同比增速更快（2.4% vs 0.0%），Criteo S.A.自由现金流更多（$-36.6M vs $-122.0M），过去两年猫途鹰的营收复合增速更高（2.0% 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。
TripAdvisor是美国知名在线旅游服务企业，旗下运营在线旅行社平台、旅游产品比价网站及移动应用，平台拥有大量用户生成的真实旅行内容，为全球消费者提供出行规划、预订等多元服务。
CRTO vs TRIP — 直观对比
营收规模更大
CRTO
是对方的1.2倍
$411.0M
营收增速更快
CRTO
高出2.4%
0.0%
净利率更高
CRTO
高出13.6%
-9.2%
自由现金流更多
CRTO
多$85.4M
$-122.0M
两年增速更快
TRIP
近两年复合增速
1.4%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $482.7M | $411.0M |
| 净利润 | $21.3M | $-38.0M |
| 毛利率 | 53.6% | 91.5% |
| 营业利润率 | 6.3% | -8.3% |
| 净利率 | 4.4% | -9.2% |
| 营收同比 | 2.4% | 0.0% |
| 净利润同比 | -21.3% | -3900.0% |
| 每股收益（稀释后） | $0.39 | $-0.32 |
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CRTOTRIP
| Q4 25 | — | $411.0M | ||
| Q3 25 | — | $553.0M | ||
| Q2 25 | $482.7M | $529.0M | ||
| Q1 25 | $451.4M | $398.0M | ||
| Q4 24 | $553.0M | $411.0M | ||
| Q3 24 | $458.9M | $532.0M | ||
| Q2 24 | $471.3M | $497.0M | ||
| Q1 24 | $450.1M | $395.0M |
净利润CRTOTRIP
| Q4 25 | — | $-38.0M | ||
| Q3 25 | — | $53.0M | ||
| Q2 25 | $21.3M | $36.0M | ||
| Q1 25 | $37.9M | $-11.0M | ||
| Q4 24 | $71.1M | $1.0M | ||
| Q3 24 | $6.2M | $39.0M | ||
| Q2 24 | $27.0M | $24.0M | ||
| Q1 24 | $7.2M | $-59.0M |
毛利率CRTOTRIP
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | 53.6% | 92.1% | ||
| Q1 25 | 52.5% | 93.2% | ||
| Q4 24 | 54.4% | 93.4% | ||
| Q3 24 | 50.5% | 92.5% | ||
| Q2 24 | 49.4% | 92.8% | ||
| Q1 24 | 48.3% | 93.7% |
营业利润率CRTOTRIP
| Q4 25 | — | -8.3% | ||
| Q3 25 | — | 12.7% | ||
| Q2 25 | 6.3% | 11.2% | ||
| Q1 25 | 10.7% | -3.8% | ||
| Q4 24 | 17.1% | 0.2% | ||
| Q3 24 | 2.1% | 13.2% | ||
| Q2 24 | 7.8% | 7.2% | ||
| Q1 24 | 2.3% | -3.8% |
净利率CRTOTRIP
| Q4 25 | — | -9.2% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | 4.4% | 6.8% | ||
| Q1 25 | 8.4% | -2.8% | ||
| Q4 24 | 12.9% | 0.2% | ||
| Q3 24 | 1.4% | 7.3% | ||
| Q2 24 | 5.7% | 4.8% | ||
| Q1 24 | 1.6% | -14.9% |
每股收益（稀释后）CRTOTRIP
| Q4 25 | — | $-0.32 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | $0.39 | $0.28 | ||
| Q1 25 | $0.66 | $-0.08 | ||
| Q4 24 | $1.21 | $0.03 | ||
| Q3 24 | $0.11 | $0.27 | ||
| Q2 24 | $0.46 | $0.17 | ||
| Q1 24 | $0.12 | $-0.43 |
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 | $1.0B |
| 总债务越低越好 | — | $819.0M |
| 股东权益账面价值 | $1.1B | $645.0M |
| 总资产 | $2.1B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资CRTOTRIP
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $223.6M | $1.2B | ||
| Q1 25 | $313.2M | $1.2B | ||
| Q4 24 | $316.9M | $1.1B | ||
| Q3 24 | $231.8M | $1.1B | ||
| Q2 24 | $233.2M | $1.2B | ||
| Q1 24 | $278.1M | $1.2B |
总债务CRTOTRIP
| Q4 25 | — | $819.0M | ||
| Q3 25 | — | $821.0M | ||
| Q2 25 | — | $822.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $831.0M | ||
| Q3 24 | — | $832.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CRTOTRIP
| Q4 25 | — | $645.0M | ||
| Q3 25 | — | $707.0M | ||
| Q2 25 | $1.1B | $627.0M | ||
| Q1 25 | $1.1B | $643.0M | ||
| Q4 24 | $1.0B | $943.0M | ||
| Q3 24 | $1.1B | $944.0M | ||
| Q2 24 | $1.0B | $857.0M | ||
| Q1 24 | $1.0B | $825.0M |
总资产CRTOTRIP
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | $2.1B | $2.9B | ||
| Q1 25 | $2.1B | $2.8B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.2B | $2.7B | ||
| Q2 24 | $2.2B | $2.8B | ||
| Q1 24 | $2.2B | $2.7B |
负债/权益比CRTOTRIP
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| 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 | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | $-36.6M | $-122.0M |
| 自由现金流率自由现金流/营收 | -7.6% | -29.7% |
| 资本支出强度资本支出/营收 | 7.3% | 4.6% |
| 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 | — | $163.0M |
8季度趋势，按日历期对齐
经营现金流CRTOTRIP
| Q4 25 | — | $-103.0M | ||
| Q3 25 | — | $44.0M | ||
| Q2 25 | $-1.4M | $202.0M | ||
| Q1 25 | $62.3M | $102.0M | ||
| Q4 24 | $169.5M | $-3.0M | ||
| Q3 24 | $57.5M | $-43.0M | ||
| Q2 24 | $17.2M | $51.0M | ||
| Q1 24 | $14.0M | $139.0M |
自由现金流CRTOTRIP
| Q4 25 | — | $-122.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | $-36.6M | $177.0M | ||
| Q1 25 | $45.3M | $83.0M | ||
| Q4 24 | — | $-26.0M | ||
| Q3 24 | — | $-63.0M | ||
| Q2 24 | $-4.0M | $36.0M | ||
| Q1 24 | $173.0K | $123.0M |
自由现金流率CRTOTRIP
| Q4 25 | — | -29.7% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | -7.6% | 33.5% | ||
| Q1 25 | 10.0% | 20.9% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | -0.9% | 7.2% | ||
| Q1 24 | 0.0% | 31.1% |
资本支出强度CRTOTRIP
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | 7.3% | 4.7% | ||
| Q1 25 | 3.8% | 4.8% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | 4.5% | 3.0% | ||
| Q1 24 | 3.1% | 4.1% |
现金转化率CRTOTRIP
| Q4 25 | — | — | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | -0.07× | 5.61× | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 2.38× | -3.00× | ||
| Q3 24 | 9.21× | -1.10× | ||
| Q2 24 | 0.64× | 2.13× | ||
| 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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
