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ADAMAS TRUST, INC.（ADAM）与PDF SOLUTIONS INC（PDFS）财务数据对比。点击上方公司名可切换其他公司
PDF SOLUTIONS INC的季度营收约是ADAMAS TRUST, INC.的1.4倍（$62.4M vs $43.2M），ADAMAS TRUST, INC.净利率更高（124.0% vs -0.1%，领先124.1%），ADAMAS TRUST, INC.同比增速更快（61.6% vs 24.6%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $7.5M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 22.9%）
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
ADAM vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.4倍
$43.2M
营收增速更快
ADAM
高出37.0%
24.6%
净利率更高
ADAM
高出124.1%
-0.1%
自由现金流更多
ADAM
多$118.3M
$7.5M
两年增速更快
ADAM
近两年复合增速
22.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $62.4M |
| 净利润 | $53.5M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | — | 5.5% |
| 净利率 | 124.0% | -0.1% |
| 营收同比 | 61.6% | 24.6% |
| 净利润同比 | 270.5% | -108.9% |
| 每股收益（稀释后） | $0.45 | $0.00 |
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ADAMPDFS
| Q4 25 | $43.2M | $62.4M | ||
| Q3 25 | $36.6M | $57.1M | ||
| Q2 25 | $36.4M | $51.7M | ||
| Q1 25 | $33.1M | $47.8M | ||
| Q4 24 | $26.7M | $50.1M | ||
| Q3 24 | $20.2M | $46.4M | ||
| Q2 24 | $19.0M | $41.7M | ||
| Q1 24 | $17.9M | $41.3M |
净利润ADAMPDFS
| Q4 25 | $53.5M | $-48.0K | ||
| Q3 25 | $44.8M | $1.3M | ||
| Q2 25 | $8.5M | $1.1M | ||
| Q1 25 | $42.2M | $-3.0M | ||
| Q4 24 | $-31.4M | $539.0K | ||
| Q3 24 | $42.8M | $2.2M | ||
| Q2 24 | $-15.6M | $1.7M | ||
| Q1 24 | $-57.9M | $-393.0K |
毛利率ADAMPDFS
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 72.9% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 67.3% |
营业利润率ADAMPDFS
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | 11.7% | 2.2% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | -119.0% | 1.0% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | -124.7% | 0.6% | ||
| Q1 24 | -448.8% | -4.7% |
净利率ADAMPDFS
| Q4 25 | 124.0% | -0.1% | ||
| Q3 25 | 122.5% | 2.3% | ||
| Q2 25 | 23.4% | 2.2% | ||
| Q1 25 | 127.4% | -6.3% | ||
| Q4 24 | -117.5% | 1.1% | ||
| Q3 24 | 211.7% | 4.8% | ||
| Q2 24 | -81.9% | 4.1% | ||
| Q1 24 | -324.1% | -1.0% |
每股收益（稀释后）ADAMPDFS
| Q4 25 | $0.45 | $0.00 | ||
| Q3 25 | $0.36 | $0.03 | ||
| Q2 25 | $-0.04 | $0.03 | ||
| Q1 25 | $0.33 | $-0.08 | ||
| Q4 24 | $-0.46 | $0.01 | ||
| Q3 24 | $0.36 | $0.06 | ||
| Q2 24 | $-0.29 | $0.04 | ||
| Q1 24 | $-0.75 | $-0.01 |
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 | $210.3M | $42.2M |
| 总债务越低越好 | $735.8M | $67.0M |
| 股东权益账面价值 | $1.4B | $271.0M |
| 总资产 | $12.6B | $418.7M |
| 负债/权益比越低杠杆越低 | 0.52× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ADAMPDFS
| Q4 25 | $210.3M | $42.2M | ||
| Q3 25 | $185.3M | $35.9M | ||
| Q2 25 | $160.4M | $40.4M | ||
| Q1 25 | $177.1M | $54.1M | ||
| Q4 24 | $167.4M | $114.9M | ||
| Q3 24 | $195.1M | $120.2M | ||
| Q2 24 | $235.5M | $117.9M | ||
| Q1 24 | $226.9M | $122.9M |
总债务ADAMPDFS
| Q4 25 | $735.8M | $67.0M | ||
| Q3 25 | $766.6M | $67.6M | ||
| Q2 25 | $653.0M | $68.1M | ||
| Q1 25 | $654.4M | $68.7M | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
股东权益ADAMPDFS
| Q4 25 | $1.4B | $271.0M | ||
| Q3 25 | $1.4B | $264.4M | ||
| Q2 25 | $1.4B | $257.5M | ||
| Q1 25 | $1.4B | $249.0M | ||
| Q4 24 | $1.4B | $246.0M | ||
| Q3 24 | $1.4B | $240.5M | ||
| Q2 24 | $1.4B | $232.2M | ||
| Q1 24 | $1.5B | $225.4M |
总资产ADAMPDFS
| Q4 25 | $12.6B | $418.7M | ||
| Q3 25 | $12.4B | $406.4M | ||
| Q2 25 | $10.6B | $391.1M | ||
| Q1 25 | $10.0B | $390.0M | ||
| Q4 24 | $9.2B | $315.3M | ||
| Q3 24 | $8.9B | $307.4M | ||
| Q2 24 | $8.2B | $298.0M | ||
| Q1 24 | $7.4B | $286.8M |
负债/权益比ADAMPDFS
| Q4 25 | 0.52× | 0.25× | ||
| Q3 25 | 0.55× | 0.26× | ||
| Q2 25 | 0.47× | 0.26× | ||
| Q1 25 | 0.47× | 0.28× | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
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 | $134.0M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $7.5M |
| 自由现金流率自由现金流/营收 | 291.6% | 12.1% |
| 资本支出强度资本支出/营收 | 18.9% | 15.7% |
| 现金转化率经营现金流/净利润 | 2.50× | — |
| 过去12个月自由现金流最近4个季度 | — | $-8.6M |
8季度趋势，按日历期对齐
经营现金流ADAMPDFS
| Q4 25 | $134.0M | $17.3M | ||
| Q3 25 | $6.9M | $3.3M | ||
| Q2 25 | $39.2M | $-5.2M | ||
| Q1 25 | $25.8M | $8.6M | ||
| Q4 24 | $14.1M | $1.6M | ||
| Q3 24 | $-922.0K | $9.3M | ||
| Q2 24 | $-993.0K | $684.0K | ||
| Q1 24 | $-13.1M | $-1.9M |
自由现金流ADAMPDFS
| Q4 25 | $125.9M | $7.5M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | $-13.8M | ||
| Q1 25 | — | $535.0K | ||
| Q4 24 | $-10.6M | $-4.0M | ||
| Q3 24 | $-8.6M | $5.1M | ||
| Q2 24 | $-8.6M | $-4.6M | ||
| Q1 24 | $-19.1M | $-3.9M |
自由现金流率ADAMPDFS
| Q4 25 | 291.6% | 12.1% | ||
| Q3 25 | — | -5.1% | ||
| Q2 25 | — | -26.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | -39.6% | -8.0% | ||
| Q3 24 | -42.3% | 11.0% | ||
| Q2 24 | -44.9% | -11.1% | ||
| Q1 24 | -107.0% | -9.4% |
资本支出强度ADAMPDFS
| Q4 25 | 18.9% | 15.7% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | 92.3% | 11.3% | ||
| Q3 24 | 37.7% | 9.0% | ||
| Q2 24 | 39.7% | 12.8% | ||
| Q1 24 | 33.5% | 4.9% |
现金转化率ADAMPDFS
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | 2.54× | ||
| Q2 25 | 4.59× | -4.55× | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | -0.02× | 4.20× | ||
| Q2 24 | — | 0.40× | ||
| 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
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
