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CrowdStrike（CRWD）与VARONIS SYSTEMS INC（VRNS）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VARONIS SYSTEMS INC的7.1倍（$1.2B vs $173.1M），VARONIS SYSTEMS INC同比增速更快（26.9% vs 22.2%），CrowdStrike自由现金流更多（$314.1M vs $49.0M），过去两年CrowdStrike的营收复合增速更高（20.8% vs 15.2%）
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。
Varonis Systems是总部位于美国佛罗里达州迈阿密的软件企业，在以色列赫兹利亚设有研发中心。其推出的数据安全平台可分析数据及数据活动，借此识别由访问权限、SaaS应用配置不当引发的数据暴露风险，并可触发自动化修复流程，助力企业保障数据安全。
CRWD vs VRNS — 直观对比
营收规模更大
CRWD
是对方的7.1倍
$173.1M
营收增速更快
VRNS
高出4.7%
22.2%
自由现金流更多
CRWD
多$265.1M
$49.0M
两年增速更快
CRWD
近两年复合增速
15.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $173.1M |
| 净利润 | $-34.0M | — |
| 毛利率 | 75.1% | 76.0% |
| 营业利润率 | -5.6% | — |
| 净利率 | -2.8% | — |
| 营收同比 | 22.2% | 26.9% |
| 净利润同比 | -102.1% | — |
| 每股收益（稀释后） | $-0.14 | $115788061.00 |
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CRWDVRNS
| Q1 26 | — | $173.1M | ||
| Q4 25 | $1.2B | $173.4M | ||
| Q3 25 | $1.2B | $161.6M | ||
| Q2 25 | $1.1B | $152.2M | ||
| Q1 25 | $1.1B | $136.4M | ||
| Q4 24 | $1.0B | $158.5M | ||
| Q3 24 | $963.9M | $148.1M | ||
| Q2 24 | $921.0M | $130.3M |
净利润CRWDVRNS
| Q1 26 | — | — | ||
| Q4 25 | $-34.0M | $-27.8M | ||
| Q3 25 | $-77.7M | $-29.9M | ||
| Q2 25 | $-110.2M | $-35.8M | ||
| Q1 25 | $-92.3M | $-35.8M | ||
| Q4 24 | $-16.8M | $-13.0M | ||
| Q3 24 | $47.0M | $-18.3M | ||
| Q2 24 | $42.8M | $-23.9M |
毛利率CRWDVRNS
| Q1 26 | — | 76.0% | ||
| Q4 25 | 75.1% | 78.9% | ||
| Q3 25 | 73.5% | 78.2% | ||
| Q2 25 | 73.8% | 79.5% | ||
| Q1 25 | 74.1% | 78.7% | ||
| Q4 24 | 74.7% | 83.6% | ||
| Q3 24 | 75.4% | 83.8% | ||
| Q2 24 | 75.6% | 82.8% |
营业利润率CRWDVRNS
| Q1 26 | — | — | ||
| Q4 25 | -5.6% | -17.5% | ||
| Q3 25 | -9.7% | -22.2% | ||
| Q2 25 | -11.3% | -24.0% | ||
| Q1 25 | -8.1% | -32.1% | ||
| Q4 24 | -5.5% | -11.1% | ||
| Q3 24 | 1.4% | -16.0% | ||
| Q2 24 | 0.8% | -22.1% |
净利率CRWDVRNS
| Q1 26 | — | — | ||
| Q4 25 | -2.8% | -16.0% | ||
| Q3 25 | -6.6% | -18.5% | ||
| Q2 25 | -10.0% | -23.5% | ||
| Q1 25 | -8.7% | -26.2% | ||
| Q4 24 | -1.7% | -8.2% | ||
| Q3 24 | 4.9% | -12.4% | ||
| Q2 24 | 4.6% | -18.4% |
每股收益（稀释后）CRWDVRNS
| Q1 26 | — | $115788061.00 | ||
| Q4 25 | $-0.14 | $-0.23 | ||
| Q3 25 | $-0.31 | $-0.26 | ||
| Q2 25 | $-0.44 | $-0.32 | ||
| Q1 25 | $-0.37 | $-0.32 | ||
| Q4 24 | $-0.07 | $-0.12 | ||
| Q3 24 | $0.19 | $-0.16 | ||
| Q2 24 | $0.17 | $-0.21 |
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 | $179.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $453.5M |
| 总资产 | $10.0B | $1.6B |
| 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CRWDVRNS
| Q1 26 | — | $179.3M | ||
| Q4 25 | $4.8B | $883.7M | ||
| Q3 25 | $5.0B | $671.3M | ||
| Q2 25 | $4.6B | $770.9M | ||
| Q1 25 | $4.3B | $567.6M | ||
| Q4 24 | $4.3B | $529.0M | ||
| Q3 24 | $4.0B | $844.8M | ||
| Q2 24 | $3.7B | $582.5M |
股东权益CRWDVRNS
| Q1 26 | — | $453.5M | ||
| Q4 25 | $4.0B | $598.7M | ||
| Q3 25 | $3.8B | $604.8M | ||
| Q2 25 | $3.5B | $341.5M | ||
| Q1 25 | $3.3B | $367.7M | ||
| Q4 24 | $3.1B | $455.7M | ||
| Q3 24 | $2.9B | $428.6M | ||
| Q2 24 | $2.5B | $458.6M |
总资产CRWDVRNS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $10.0B | $1.8B | ||
| Q3 25 | $9.3B | $1.7B | ||
| Q2 25 | $8.7B | $1.6B | ||
| Q1 25 | $8.7B | $1.6B | ||
| Q4 24 | $7.8B | $1.7B | ||
| Q3 24 | $7.2B | $1.5B | ||
| Q2 24 | $6.8B | $1.1B |
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 | $397.5M | $55.0M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $49.0M |
| 自由现金流率自由现金流/营收 | 25.5% | 28.3% |
| 资本支出强度资本支出/营收 | 6.8% | — |
| 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 | $118.2M |
8季度趋势，按日历期对齐
经营现金流CRWDVRNS
| Q1 26 | — | $55.0M | ||
| Q4 25 | $397.5M | $24.7M | ||
| Q3 25 | $332.8M | $33.4M | ||
| Q2 25 | $384.1M | $21.3M | ||
| Q1 25 | $345.7M | $68.0M | ||
| Q4 24 | $326.1M | $24.3M | ||
| Q3 24 | $326.6M | $22.5M | ||
| Q2 24 | $383.2M | $11.7M |
自由现金流CRWDVRNS
| Q1 26 | — | $49.0M | ||
| Q4 25 | $314.1M | $20.7M | ||
| Q3 25 | $302.3M | $30.4M | ||
| Q2 25 | $298.4M | $18.0M | ||
| Q1 25 | $258.5M | $65.7M | ||
| Q4 24 | $247.4M | $19.9M | ||
| Q3 24 | $287.4M | $21.3M | ||
| Q2 24 | $333.5M | $10.9M |
自由现金流率CRWDVRNS
| Q1 26 | — | 28.3% | ||
| Q4 25 | 25.5% | 12.0% | ||
| Q3 25 | 25.9% | 18.8% | ||
| Q2 25 | 27.0% | 11.8% | ||
| Q1 25 | 24.4% | 48.1% | ||
| Q4 24 | 24.5% | 12.6% | ||
| Q3 24 | 29.8% | 14.4% | ||
| Q2 24 | 36.2% | 8.4% |
资本支出强度CRWDVRNS
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 2.3% | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 7.8% | 2.2% | ||
| Q1 25 | 8.2% | 1.7% | ||
| Q4 24 | 7.8% | 2.7% | ||
| Q3 24 | 4.1% | 0.8% | ||
| Q2 24 | 5.4% | 0.6% |
现金转化率CRWDVRNS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.95× | — | ||
| Q2 24 | 8.95× | — |
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% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
