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CrowdStrike（CRWD）与拉扎德（LAZ）财务数据对比。点击上方公司名可切换其他公司
CrowdStrike的季度营收约是拉扎德的1.3倍（$1.2B vs $929.4M），拉扎德净利率更高（5.4% vs -2.8%，领先8.1%），CrowdStrike同比增速更快（22.2% vs 10.8%），拉扎德自由现金流更多（$396.1M vs $314.1M），过去两年CrowdStrike的营收复合增速更高（20.8% vs 8.8%）
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。
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
CRWD vs LAZ — 直观对比
营收规模更大
CRWD
是对方的1.3倍
$929.4M
营收增速更快
CRWD
高出11.4%
10.8%
净利率更高
LAZ
高出8.1%
-2.8%
自由现金流更多
LAZ
多$82.0M
$314.1M
两年增速更快
CRWD
近两年复合增速
8.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $929.4M |
| 净利润 | $-34.0M | $49.9M |
| 毛利率 | 75.1% | — |
| 营业利润率 | -5.6% | 9.1% |
| 净利率 | -2.8% | 5.4% |
| 营收同比 | 22.2% | 10.8% |
| 净利润同比 | -102.1% | -42.2% |
| 每股收益（稀释后） | $-0.14 | $0.44 |
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CRWDLAZ
| Q4 25 | $1.2B | $929.4M | ||
| Q3 25 | $1.2B | $770.8M | ||
| Q2 25 | $1.1B | $817.2M | ||
| Q1 25 | $1.1B | $669.2M | ||
| Q4 24 | $1.0B | $839.0M | ||
| Q3 24 | $963.9M | $807.4M | ||
| Q2 24 | $921.0M | $708.0M | ||
| Q1 24 | $845.3M | $785.5M |
净利润CRWDLAZ
| Q4 25 | $-34.0M | $49.9M | ||
| Q3 25 | $-77.7M | $71.2M | ||
| Q2 25 | $-110.2M | $55.3M | ||
| Q1 25 | $-92.3M | $60.4M | ||
| Q4 24 | $-16.8M | $86.3M | ||
| Q3 24 | $47.0M | $107.9M | ||
| Q2 24 | $42.8M | $49.9M | ||
| Q1 24 | $53.7M | $35.8M |
毛利率CRWDLAZ
| 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CRWDLAZ
| Q4 25 | -5.6% | 9.1% | ||
| Q3 25 | -9.7% | 12.3% | ||
| Q2 25 | -11.3% | 11.4% | ||
| Q1 25 | -8.1% | 8.2% | ||
| Q4 24 | -5.5% | 12.8% | ||
| Q3 24 | 1.4% | 20.0% | ||
| Q2 24 | 0.8% | 9.0% | ||
| Q1 24 | 3.5% | 6.9% |
净利率CRWDLAZ
| Q4 25 | -2.8% | 5.4% | ||
| Q3 25 | -6.6% | 9.2% | ||
| Q2 25 | -10.0% | 6.8% | ||
| Q1 25 | -8.7% | 9.0% | ||
| Q4 24 | -1.7% | 10.3% | ||
| Q3 24 | 4.9% | 13.4% | ||
| Q2 24 | 4.6% | 7.0% | ||
| Q1 24 | 6.4% | 4.6% |
每股收益（稀释后）CRWDLAZ
| Q4 25 | $-0.14 | $0.44 | ||
| Q3 25 | $-0.31 | $0.65 | ||
| Q2 25 | $-0.44 | $0.52 | ||
| Q1 25 | $-0.37 | $0.56 | ||
| Q4 24 | $-0.07 | $0.82 | ||
| Q3 24 | $0.19 | $1.02 | ||
| Q2 24 | $0.17 | $0.49 | ||
| Q1 24 | $0.23 | $0.35 |
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 | $4.8B | $1.5B |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $4.0B | $873.7M |
| 总资产 | $10.0B | $4.9B |
| 负债/权益比越低杠杆越低 | — | 1.93× |
8季度趋势，按日历期对齐
现金及短期投资CRWDLAZ
| Q4 25 | $4.8B | $1.5B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $4.6B | $978.3M | ||
| Q1 25 | $4.3B | $908.6M | ||
| Q4 24 | $4.3B | $1.3B | ||
| Q3 24 | $4.0B | $1.2B | ||
| Q2 24 | $3.7B | $847.6M | ||
| Q1 24 | $3.5B | $923.2M |
总债务CRWDLAZ
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
股东权益CRWDLAZ
| Q4 25 | $4.0B | $873.7M | ||
| Q3 25 | $3.8B | $841.5M | ||
| Q2 25 | $3.5B | $741.6M | ||
| Q1 25 | $3.3B | $603.0M | ||
| Q4 24 | $3.1B | $636.2M | ||
| Q3 24 | $2.9B | $624.3M | ||
| Q2 24 | $2.5B | $458.7M | ||
| Q1 24 | $2.3B | $392.7M |
总资产CRWDLAZ
| Q4 25 | $10.0B | $4.9B | ||
| Q3 25 | $9.3B | $4.6B | ||
| Q2 25 | $8.7B | $4.5B | ||
| Q1 25 | $8.7B | $4.2B | ||
| Q4 24 | $7.8B | $4.8B | ||
| Q3 24 | $7.2B | $4.8B | ||
| Q2 24 | $6.8B | $4.5B | ||
| Q1 24 | $6.6B | $4.6B |
负债/权益比CRWDLAZ
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 2.01× | ||
| Q2 25 | — | 2.28× | ||
| Q1 25 | — | 2.80× | ||
| Q4 24 | — | 2.65× | ||
| Q3 24 | — | 2.97× | ||
| Q2 24 | — | 4.04× | ||
| Q1 24 | — | 4.71× |
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 | $399.7M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $396.1M |
| 自由现金流率自由现金流/营收 | 25.5% | 42.6% |
| 资本支出强度资本支出/营收 | 6.8% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 8.02× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $487.4M |
8季度趋势，按日历期对齐
经营现金流CRWDLAZ
| Q4 25 | $397.5M | $399.7M | ||
| Q3 25 | $332.8M | $287.5M | ||
| Q2 25 | $384.1M | $49.7M | ||
| Q1 25 | $345.7M | $-217.5M | ||
| Q4 24 | $326.1M | $362.9M | ||
| Q3 24 | $326.6M | $293.7M | ||
| Q2 24 | $383.2M | $176.2M | ||
| Q1 24 | $347.0M | $-90.0M |
自由现金流CRWDLAZ
| Q4 25 | $314.1M | $396.1M | ||
| Q3 25 | $302.3M | $284.6M | ||
| Q2 25 | $298.4M | $38.0M | ||
| Q1 25 | $258.5M | $-231.3M | ||
| Q4 24 | $247.4M | $348.0M | ||
| Q3 24 | $287.4M | $276.2M | ||
| Q2 24 | $333.5M | $169.8M | ||
| Q1 24 | $294.4M | $-96.6M |
自由现金流率CRWDLAZ
| Q4 25 | 25.5% | 42.6% | ||
| Q3 25 | 25.9% | 36.9% | ||
| Q2 25 | 27.0% | 4.6% | ||
| Q1 25 | 24.4% | -34.6% | ||
| Q4 24 | 24.5% | 41.5% | ||
| Q3 24 | 29.8% | 34.2% | ||
| Q2 24 | 36.2% | 24.0% | ||
| Q1 24 | 34.8% | -12.3% |
资本支出强度CRWDLAZ
| Q4 25 | 6.8% | 0.4% | ||
| Q3 25 | 2.6% | 0.4% | ||
| Q2 25 | 7.8% | 1.4% | ||
| Q1 25 | 8.2% | 2.1% | ||
| Q4 24 | 7.8% | 1.8% | ||
| Q3 24 | 4.1% | 2.2% | ||
| Q2 24 | 5.4% | 0.9% | ||
| Q1 24 | 6.2% | 0.8% |
现金转化率CRWDLAZ
| Q4 25 | — | 8.02× | ||
| Q3 25 | — | 4.03× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | -3.60× | ||
| Q4 24 | — | 4.20× | ||
| Q3 24 | 6.95× | 2.72× | ||
| Q2 24 | 8.95× | 3.53× | ||
| Q1 24 | 6.46× | -2.52× |
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% |
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
