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CrowdStrike（CRWD）与景顺（IVZ）财务数据对比。点击上方公司名可切换其他公司
景顺的季度营收约是CrowdStrike的1.4倍（$1.7B vs $1.2B），CrowdStrike净利率更高（-2.8% vs -58.9%，领先56.1%），CrowdStrike同比增速更快（22.2% vs 6.2%），景顺自由现金流更多（$432.2M vs $314.1M），过去两年CrowdStrike的营收复合增速更高（20.8% vs 7.1%）
CrowdStrike Holdings, Inc.是总部位于美国得克萨斯州奥斯汀的网络安全科技企业，核心业务涵盖终端安全防护、威胁情报提供与网络攻击响应服务，可为全球各行业客户有效应对各类网络安全风险，保障系统与数据安全。
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
CRWD vs IVZ — 直观对比
营收规模更大
IVZ
是对方的1.4倍
$1.2B
营收增速更快
CRWD
高出16.0%
6.2%
净利率更高
CRWD
高出56.1%
-58.9%
自由现金流更多
IVZ
多$118.1M
$314.1M
两年增速更快
CRWD
近两年复合增速
7.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $-34.0M | $-995.9M |
| 毛利率 | 75.1% | — |
| 营业利润率 | -5.6% | -86.2% |
| 净利率 | -2.8% | -58.9% |
| 营收同比 | 22.2% | 6.2% |
| 净利润同比 | -102.1% | -575.8% |
| 每股收益（稀释后） | $-0.14 | $-2.61 |
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CRWDIVZ
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $963.9M | $1.5B | ||
| Q2 24 | $921.0M | $1.5B | ||
| Q1 24 | $845.3M | $1.5B |
净利润CRWDIVZ
| Q4 25 | $-34.0M | $-995.9M | ||
| Q3 25 | $-77.7M | $356.4M | ||
| Q2 25 | $-110.2M | $197.4M | ||
| Q1 25 | $-92.3M | $171.1M | ||
| Q4 24 | $-16.8M | $209.3M | ||
| Q3 24 | $47.0M | $55.0M | ||
| Q2 24 | $42.8M | $132.2M | ||
| Q1 24 | $53.7M | $141.5M |
毛利率CRWDIVZ
| Q4 25 | 75.1% | — | ||
| Q3 25 | 73.5% | — | ||
| Q2 25 | 73.8% | — | ||
| Q1 25 | 74.1% | — | ||
| Q4 24 | 74.7% | — | ||
| Q3 24 | 75.4% | — | ||
| Q2 24 | 75.6% | — | ||
| Q1 24 | 75.3% | — |
营业利润率CRWDIVZ
| Q4 25 | -5.6% | -86.2% | ||
| Q3 25 | -9.7% | 16.5% | ||
| Q2 25 | -11.3% | 14.1% | ||
| Q1 25 | -8.1% | 18.1% | ||
| Q4 24 | -5.5% | 19.6% | ||
| Q3 24 | 1.4% | 6.6% | ||
| Q2 24 | 0.8% | 13.9% | ||
| Q1 24 | 3.5% | 14.4% |
净利率CRWDIVZ
| Q4 25 | -2.8% | -58.9% | ||
| Q3 25 | -6.6% | 21.7% | ||
| Q2 25 | -10.0% | 13.0% | ||
| Q1 25 | -8.7% | 11.2% | ||
| Q4 24 | -1.7% | 13.1% | ||
| Q3 24 | 4.9% | 3.6% | ||
| Q2 24 | 4.6% | 8.9% | ||
| Q1 24 | 6.4% | 9.6% |
每股收益（稀释后）CRWDIVZ
| Q4 25 | $-0.14 | $-2.61 | ||
| Q3 25 | $-0.31 | $0.66 | ||
| Q2 25 | $-0.44 | $-0.03 | ||
| Q1 25 | $-0.37 | $0.38 | ||
| Q4 24 | $-0.07 | $0.46 | ||
| Q3 24 | $0.19 | $0.12 | ||
| Q2 24 | $0.17 | $0.29 | ||
| Q1 24 | $0.23 | $0.31 |
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 | $4.8B | $1.0B |
| 总债务越低越好 | — | $1.8B |
| 股东权益账面价值 | $4.0B | $12.2B |
| 总资产 | $10.0B | $27.1B |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资CRWDIVZ
| Q4 25 | $4.8B | $1.0B | ||
| Q3 25 | $5.0B | $973.1M | ||
| Q2 25 | $4.6B | $922.7M | ||
| Q1 25 | $4.3B | $821.7M | ||
| Q4 24 | $4.3B | $986.5M | ||
| Q3 24 | $4.0B | $1.0B | ||
| Q2 24 | $3.7B | $878.5M | ||
| Q1 24 | $3.5B | $895.7M |
总债务CRWDIVZ
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $964.8M | ||
| Q4 24 | — | $890.6M | ||
| Q3 24 | — | $890.3M | ||
| Q2 24 | — | $890.1M | ||
| Q1 24 | — | $1.3B |
股东权益CRWDIVZ
| Q4 25 | $4.0B | $12.2B | ||
| Q3 25 | $3.8B | $14.0B | ||
| Q2 25 | $3.5B | $13.9B | ||
| Q1 25 | $3.3B | $14.7B | ||
| Q4 24 | $3.1B | $14.6B | ||
| Q3 24 | $2.9B | $14.8B | ||
| Q2 24 | $2.5B | $14.6B | ||
| Q1 24 | $2.3B | $14.6B |
总资产CRWDIVZ
| Q4 25 | $10.0B | $27.1B | ||
| Q3 25 | $9.3B | $28.4B | ||
| Q2 25 | $8.7B | $28.5B | ||
| Q1 25 | $8.7B | $28.1B | ||
| Q4 24 | $7.8B | $27.0B | ||
| Q3 24 | $7.2B | $27.5B | ||
| Q2 24 | $6.8B | $27.2B | ||
| Q1 24 | $6.6B | $28.1B |
负债/权益比CRWDIVZ
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | 0.09× |
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 | $397.5M | $455.8M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $432.2M |
| 自由现金流率自由现金流/营收 | 25.5% | 25.5% |
| 资本支出强度资本支出/营收 | 6.8% | 1.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.4B |
8季度趋势，按日历期对齐
经营现金流CRWDIVZ
| Q4 25 | $397.5M | $455.8M | ||
| Q3 25 | $332.8M | $606.2M | ||
| Q2 25 | $384.1M | $547.9M | ||
| Q1 25 | $345.7M | $-84.6M | ||
| Q4 24 | $326.1M | $316.9M | ||
| Q3 24 | $326.6M | $438.4M | ||
| Q2 24 | $383.2M | $489.1M | ||
| Q1 24 | $347.0M | $-54.4M |
自由现金流CRWDIVZ
| Q4 25 | $314.1M | $432.2M | ||
| Q3 25 | $302.3M | $586.4M | ||
| Q2 25 | $298.4M | $530.4M | ||
| Q1 25 | $258.5M | $-108.0M | ||
| Q4 24 | $247.4M | $309.9M | ||
| Q3 24 | $287.4M | $410.0M | ||
| Q2 24 | $333.5M | $462.4M | ||
| Q1 24 | $294.4M | $-75.4M |
自由现金流率CRWDIVZ
| Q4 25 | 25.5% | 25.5% | ||
| Q3 25 | 25.9% | 35.7% | ||
| Q2 25 | 27.0% | 35.0% | ||
| Q1 25 | 24.4% | -7.1% | ||
| Q4 24 | 24.5% | 19.5% | ||
| Q3 24 | 29.8% | 27.1% | ||
| Q2 24 | 36.2% | 31.2% | ||
| Q1 24 | 34.8% | -5.1% |
资本支出强度CRWDIVZ
| Q4 25 | 6.8% | 1.4% | ||
| Q3 25 | 2.6% | 1.2% | ||
| Q2 25 | 7.8% | 1.2% | ||
| Q1 25 | 8.2% | 1.5% | ||
| Q4 24 | 7.8% | 0.4% | ||
| Q3 24 | 4.1% | 1.9% | ||
| Q2 24 | 5.4% | 1.8% | ||
| Q1 24 | 6.2% | 1.4% |
现金转化率CRWDIVZ
| Q4 25 | — | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 2.78× | ||
| Q1 25 | — | -0.49× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 6.95× | 7.97× | ||
| Q2 24 | 8.95× | 3.70× | ||
| Q1 24 | 6.46× | -0.38× |
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
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
