A DC-DC converter can include: a switched capacitor converter including at least one switch group and at least one capacitor, where each switch group includes two switches coupled in series, and at least one capacitor is respectively coupled in parallel with a corresponding one of the switch groups; and a switch converter including a first magnetic component, where the switch converter is configured to share one of the switch groups, the first magnetic component is coupled to an intermediate node of the shared switch group, and the intermediate node is a common coupling point of two switches of the shared switch group.