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CrowdStrike（CRWD）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是CrowdStrike的1.1倍（$1.3B vs $1.2B），OPEN TEXT CORP净利率更高（12.7% vs -2.8%，领先15.4%），CrowdStrike同比增速更快（22.2% vs -0.6%），CrowdStrike自由现金流更多（$314.1M vs $279.4M），过去两年CrowdStrike的营收复合增速更高（20.8% vs -4.3%）
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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
CRWD vs OTEX — 直观对比
营收规模更大
OTEX
是对方的1.1倍
$1.2B
营收增速更快
CRWD
高出22.8%
-0.6%
净利率更高
OTEX
高出15.4%
-2.8%
自由现金流更多
CRWD
多$34.7M
$279.4M
两年增速更快
CRWD
近两年复合增速
-4.3%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $-34.0M | $168.1M |
| 毛利率 | 75.1% | 74.0% |
| 营业利润率 | -5.6% | 22.0% |
| 净利率 | -2.8% | 12.7% |
| 营收同比 | 22.2% | -0.6% |
| 净利润同比 | -102.1% | -26.9% |
| 每股收益（稀释后） | $-0.14 | $0.66 |
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CRWDOTEX
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $963.9M | $1.3B | ||
| Q2 24 | $921.0M | $1.4B | ||
| Q1 24 | $845.3M | $1.4B |
净利润CRWDOTEX
| Q4 25 | $-34.0M | $168.1M | ||
| Q3 25 | $-77.7M | $146.6M | ||
| Q2 25 | $-110.2M | $28.8M | ||
| Q1 25 | $-92.3M | $92.8M | ||
| Q4 24 | $-16.8M | $229.9M | ||
| Q3 24 | $47.0M | $84.4M | ||
| Q2 24 | $42.8M | $248.2M | ||
| Q1 24 | $53.7M | $98.3M |
毛利率CRWDOTEX
| Q4 25 | 75.1% | 74.0% | ||
| Q3 25 | 73.5% | 72.8% | ||
| Q2 25 | 73.8% | 72.3% | ||
| Q1 25 | 74.1% | 71.6% | ||
| Q4 24 | 74.7% | 73.3% | ||
| Q3 24 | 75.4% | 71.7% | ||
| Q2 24 | 75.6% | 72.5% | ||
| Q1 24 | 75.3% | 73.0% |
营业利润率CRWDOTEX
| Q4 25 | -5.6% | 22.0% | ||
| Q3 25 | -9.7% | 21.0% | ||
| Q2 25 | -11.3% | 13.9% | ||
| Q1 25 | -8.1% | 16.7% | ||
| Q4 24 | -5.5% | 22.2% | ||
| Q3 24 | 1.4% | 16.3% | ||
| Q2 24 | 0.8% | 14.2% | ||
| Q1 24 | 3.5% | 15.7% |
净利率CRWDOTEX
| Q4 25 | -2.8% | 12.7% | ||
| Q3 25 | -6.6% | 11.4% | ||
| Q2 25 | -10.0% | 2.2% | ||
| Q1 25 | -8.7% | 7.4% | ||
| Q4 24 | -1.7% | 17.2% | ||
| Q3 24 | 4.9% | 6.6% | ||
| Q2 24 | 4.6% | 18.2% | ||
| Q1 24 | 6.4% | 6.8% |
每股收益（稀释后）CRWDOTEX
| Q4 25 | $-0.14 | $0.66 | ||
| Q3 25 | $-0.31 | $0.58 | ||
| Q2 25 | $-0.44 | $0.11 | ||
| Q1 25 | $-0.37 | $0.35 | ||
| Q4 24 | $-0.07 | $0.87 | ||
| Q3 24 | $0.19 | $0.32 | ||
| Q2 24 | $0.17 | $0.91 | ||
| Q1 24 | $0.23 | $0.36 |
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 | $1.3B |
| 总债务越低越好 | — | $6.4B |
| 股东权益账面价值 | $4.0B | $4.0B |
| 总资产 | $10.0B | $13.6B |
| 负债/权益比越低杠杆越低 | — | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资CRWDOTEX
| Q4 25 | $4.8B | $1.3B | ||
| Q3 25 | $5.0B | $1.1B | ||
| Q2 25 | $4.6B | $1.2B | ||
| Q1 25 | $4.3B | $1.3B | ||
| Q4 24 | $4.3B | $1.1B | ||
| Q3 24 | $4.0B | $1.0B | ||
| Q2 24 | $3.7B | $1.3B | ||
| Q1 24 | $3.5B | $1.1B |
总债务CRWDOTEX
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
股东权益CRWDOTEX
| Q4 25 | $4.0B | $4.0B | ||
| Q3 25 | $3.8B | $4.0B | ||
| Q2 25 | $3.5B | $3.9B | ||
| Q1 25 | $3.3B | $4.1B | ||
| Q4 24 | $3.1B | $4.2B | ||
| Q3 24 | $2.9B | $4.1B | ||
| Q2 24 | $2.5B | $4.2B | ||
| Q1 24 | $2.3B | $4.1B |
总资产CRWDOTEX
| Q4 25 | $10.0B | $13.6B | ||
| Q3 25 | $9.3B | $13.5B | ||
| Q2 25 | $8.7B | $13.8B | ||
| Q1 25 | $8.7B | $13.8B | ||
| Q4 24 | $7.8B | $13.7B | ||
| Q3 24 | $7.2B | $13.8B | ||
| Q2 24 | $6.8B | $14.2B | ||
| Q1 24 | $6.6B | $16.4B |
负债/权益比CRWDOTEX
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 2.02× |
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 | $318.7M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $279.4M |
| 自由现金流率自由现金流/营收 | 25.5% | 21.1% |
| 资本支出强度资本支出/营收 | 6.8% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.90× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $878.5M |
8季度趋势，按日历期对齐
经营现金流CRWDOTEX
| Q4 25 | $397.5M | $318.7M | ||
| Q3 25 | $332.8M | $147.8M | ||
| Q2 25 | $384.1M | $158.2M | ||
| Q1 25 | $345.7M | $402.2M | ||
| Q4 24 | $326.1M | $348.0M | ||
| Q3 24 | $326.6M | $-77.8M | ||
| Q2 24 | $383.2M | $185.2M | ||
| Q1 24 | $347.0M | $384.7M |
自由现金流CRWDOTEX
| Q4 25 | $314.1M | $279.4M | ||
| Q3 25 | $302.3M | $101.2M | ||
| Q2 25 | $298.4M | $124.0M | ||
| Q1 25 | $258.5M | $373.8M | ||
| Q4 24 | $247.4M | $306.7M | ||
| Q3 24 | $287.4M | $-117.1M | ||
| Q2 24 | $333.5M | $145.2M | ||
| Q1 24 | $294.4M | $348.2M |
自由现金流率CRWDOTEX
| Q4 25 | 25.5% | 21.1% | ||
| Q3 25 | 25.9% | 7.9% | ||
| Q2 25 | 27.0% | 9.5% | ||
| Q1 25 | 24.4% | 29.8% | ||
| Q4 24 | 24.5% | 23.0% | ||
| Q3 24 | 29.8% | -9.2% | ||
| Q2 24 | 36.2% | 10.7% | ||
| Q1 24 | 34.8% | 24.1% |
资本支出强度CRWDOTEX
| Q4 25 | 6.8% | 3.0% | ||
| Q3 25 | 2.6% | 3.6% | ||
| Q2 25 | 7.8% | 2.6% | ||
| Q1 25 | 8.2% | 2.3% | ||
| Q4 24 | 7.8% | 3.1% | ||
| Q3 24 | 4.1% | 3.1% | ||
| Q2 24 | 5.4% | 2.9% | ||
| Q1 24 | 6.2% | 2.5% |
现金转化率CRWDOTEX
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 6.95× | -0.92× | ||
| Q2 24 | 8.95× | 0.75× | ||
| Q1 24 | 6.46× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
