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Ares Commercial Real Estate Corp（ACRE）与Digimarc CORP（DMRC）财务数据对比。点击上方公司名可切换其他公司
Ares Commercial Real Estate Corp的季度营收约是Digimarc CORP的1.5倍（$13.2M vs $8.9M），Ares Commercial Real Estate Corp净利率更高（-29.2% vs -47.2%，领先18.0%），Digimarc CORP同比增速更快（2.9% vs -24.5%），过去两年Digimarc CORP的营收复合增速更高（-5.3% vs -15.9%）
Ares Commercial Real Estate Corp是隶属于阿瑞斯管理集团的专业金融企业，专注于商业地产领域，提供优先抵押贷款、次级债务、优先股投资等各类定制化融资解决方案，主要服务覆盖美国全境的中型商业地产所有者及运营主体。
迪吉马克公司是一家企业软件与服务提供商，其主打产品包含带数字标识符的软件，主要用于解决防伪问题、验证产品真伪、提升回收准确性以及实现供应链可追溯，产品可广泛应用于服装、快消品、美妆健康、汽车等多个行业领域。
ACRE vs DMRC — 直观对比
营收规模更大
ACRE
是对方的1.5倍
$8.9M
营收增速更快
DMRC
高出27.4%
-24.5%
净利率更高
ACRE
高出18.0%
-47.2%
两年增速更快
DMRC
近两年复合增速
-15.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.2M | $8.9M |
| 净利润 | $-3.9M | $-4.2M |
| 毛利率 | — | 63.5% |
| 营业利润率 | -29.2% | -48.2% |
| 净利率 | -29.2% | -47.2% |
| 营收同比 | -24.5% | 2.9% |
| 净利润同比 | 63.8% | 51.4% |
| 每股收益（稀释后） | — | $-0.18 |
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ACREDMRC
| Q4 25 | $13.2M | $8.9M | ||
| Q3 25 | $14.1M | $7.6M | ||
| Q2 25 | $12.6M | $8.0M | ||
| Q1 25 | $14.9M | $9.4M | ||
| Q4 24 | $17.5M | $8.7M | ||
| Q3 24 | $16.7M | $9.4M | ||
| Q2 24 | $16.8M | $10.4M | ||
| Q1 24 | $18.7M | $9.9M |
净利润ACREDMRC
| Q4 25 | $-3.9M | $-4.2M | ||
| Q3 25 | $4.7M | $-8.2M | ||
| Q2 25 | $-11.0M | $-8.2M | ||
| Q1 25 | $9.3M | $-11.7M | ||
| Q4 24 | $-10.7M | $-8.6M | ||
| Q3 24 | $-5.9M | $-10.8M | ||
| Q2 24 | $-6.1M | $-9.3M | ||
| Q1 24 | $-12.3M | $-10.3M |
毛利率ACREDMRC
| Q4 25 | — | 63.5% | ||
| Q3 25 | — | 58.3% | ||
| Q2 25 | — | 58.8% | ||
| Q1 25 | — | 65.0% | ||
| Q4 24 | — | 60.8% | ||
| Q3 24 | — | 62.4% | ||
| Q2 24 | — | 66.1% | ||
| Q1 24 | — | 62.5% |
营业利润率ACREDMRC
| Q4 25 | -29.2% | -48.2% | ||
| Q3 25 | 33.0% | -109.7% | ||
| Q2 25 | -87.8% | -105.2% | ||
| Q1 25 | 64.4% | -128.9% | ||
| Q4 24 | -61.0% | -105.1% | ||
| Q3 24 | -35.3% | -120.4% | ||
| Q2 24 | -36.5% | -96.2% | ||
| Q1 24 | -65.9% | -109.2% |
净利率ACREDMRC
| Q4 25 | -29.2% | -47.2% | ||
| Q3 25 | 33.0% | -106.9% | ||
| Q2 25 | -87.8% | -102.6% | ||
| Q1 25 | 62.5% | -125.2% | ||
| Q4 24 | -60.9% | -99.9% | ||
| Q3 24 | -35.3% | -113.9% | ||
| Q2 24 | -36.5% | -89.3% | ||
| Q1 24 | -65.9% | -104.0% |
每股收益（稀释后）ACREDMRC
| Q4 25 | — | $-0.18 | ||
| Q3 25 | — | $-0.38 | ||
| Q2 25 | — | $-0.38 | ||
| Q1 25 | — | $-0.55 | ||
| Q4 24 | — | $-0.40 | ||
| Q3 24 | — | $-0.50 | ||
| Q2 24 | — | $-0.43 | ||
| Q1 24 | — | $-0.50 |
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 | $29.3M | $12.9M |
| 总债务越低越好 | $948.2M | — |
| 股东权益账面价值 | $509.6M | $40.2M |
| 总资产 | $1.6B | $53.0M |
| 负债/权益比越低杠杆越低 | 1.86× | — |
8季度趋势，按日历期对齐
现金及短期投资ACREDMRC
| Q4 25 | $29.3M | $12.9M | ||
| Q3 25 | $84.9M | $12.6M | ||
| Q2 25 | $90.0M | $16.1M | ||
| Q1 25 | $125.5M | $21.6M | ||
| Q4 24 | $63.8M | $28.7M | ||
| Q3 24 | $68.9M | $33.7M | ||
| Q2 24 | $70.6M | $41.5M | ||
| Q1 24 | $99.5M | $48.9M |
总债务ACREDMRC
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACREDMRC
| Q4 25 | $509.6M | $40.2M | ||
| Q3 25 | $521.0M | $41.4M | ||
| Q2 25 | $523.7M | $46.5M | ||
| Q1 25 | $542.1M | $50.0M | ||
| Q4 24 | $540.1M | $61.4M | ||
| Q3 24 | $563.8M | $70.2M | ||
| Q2 24 | $582.3M | $77.2M | ||
| Q1 24 | $601.1M | $84.5M |
总资产ACREDMRC
| Q4 25 | $1.6B | $53.0M | ||
| Q3 25 | $1.4B | $55.4M | ||
| Q2 25 | $1.4B | $60.7M | ||
| Q1 25 | $1.5B | $66.5M | ||
| Q4 24 | $1.8B | $75.8M | ||
| Q3 24 | $1.9B | $85.0M | ||
| Q2 24 | $2.1B | $93.4M | ||
| Q1 24 | $2.1B | $99.7M |
负债/权益比ACREDMRC
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $21.4M | $991.0K |
| 自由现金流经营现金流 - 资本支出 | — | $895.0K |
| 自由现金流率自由现金流/营收 | — | 10.0% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 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 | — | $-12.3M |
8季度趋势，按日历期对齐
经营现金流ACREDMRC
| Q4 25 | $21.4M | $991.0K | ||
| Q3 25 | $3.8M | $-2.6M | ||
| Q2 25 | $4.9M | $-4.7M | ||
| Q1 25 | $8.0M | $-5.5M | ||
| Q4 24 | $35.5M | $-4.2M | ||
| Q3 24 | $8.4M | $-7.1M | ||
| Q2 24 | $8.7M | $-6.8M | ||
| Q1 24 | $11.4M | $-8.4M |
自由现金流ACREDMRC
| Q4 25 | — | $895.0K | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | — | $-4.9M | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | — | $-4.2M | ||
| Q3 24 | — | $-7.2M | ||
| Q2 24 | — | $-6.9M | ||
| Q1 24 | — | $-8.5M |
自由现金流率ACREDMRC
| Q4 25 | — | 10.0% | ||
| Q3 25 | — | -36.9% | ||
| Q2 25 | — | -61.0% | ||
| Q1 25 | — | -59.1% | ||
| Q4 24 | — | -49.1% | ||
| Q3 24 | — | -75.7% | ||
| Q2 24 | — | -66.1% | ||
| Q1 24 | — | -85.8% |
资本支出强度ACREDMRC
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 1.1% |
现金转化率ACREDMRC
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ACRE
暂无分部数据
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
