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Alector, Inc.（ALEC）与Digimarc CORP（DMRC）财务数据对比。点击上方公司名可切换其他公司
Digimarc CORP的季度营收约是Alector, Inc.的1.4倍（$8.9M vs $6.2M），Digimarc CORP同比增速更快（2.9% vs -88.5%），Digimarc CORP自由现金流更多（$895.0K vs $-184.1M），过去两年Digimarc CORP的营收复合增速更高（-5.3% vs -37.4%）
Alector是一家临床阶段生物制药企业，专注于神经退行性疾病的免疫疗法研发，管线覆盖阿尔茨海默病、额颞叶痴呆、帕金森病等未被满足的医疗需求，主要在美国运营，与全球药企合作推进候选药物的临床试验。
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。
ALEC vs DMRC — 直观对比
营收规模更大
DMRC
是对方的1.4倍
$6.2M
营收增速更快
DMRC
高出91.4%
-88.5%
自由现金流更多
DMRC
多$185.0M
$-184.1M
两年增速更快
DMRC
近两年复合增速
-37.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.2M | $8.9M |
| 净利润 | — | $-4.2M |
| 毛利率 | — | 63.5% |
| 营业利润率 | — | -48.2% |
| 净利率 | — | -47.2% |
| 营收同比 | -88.5% | 2.9% |
| 净利润同比 | -1696.9% | 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ALECDMRC
| Q4 25 | $6.2M | $8.9M | ||
| Q3 25 | $3.3M | $7.6M | ||
| Q2 25 | $7.9M | $8.0M | ||
| Q1 25 | $3.7M | $9.4M | ||
| Q4 24 | $54.2M | $8.7M | ||
| Q3 24 | $15.3M | $9.4M | ||
| Q2 24 | $15.1M | $10.4M | ||
| Q1 24 | $15.9M | $9.9M |
净利润ALECDMRC
| Q4 25 | — | $-4.2M | ||
| Q3 25 | $-34.7M | $-8.2M | ||
| Q2 25 | $-30.5M | $-8.2M | ||
| Q1 25 | $-40.5M | $-11.7M | ||
| Q4 24 | $-2.1M | $-8.6M | ||
| Q3 24 | $-42.2M | $-10.8M | ||
| Q2 24 | $-38.7M | $-9.3M | ||
| Q1 24 | $-36.1M | $-10.3M |
毛利率ALECDMRC
| 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ALECDMRC
| Q4 25 | — | -48.2% | ||
| Q3 25 | -1153.6% | -109.7% | ||
| Q2 25 | -433.6% | -105.2% | ||
| Q1 25 | -1216.5% | -128.9% | ||
| Q4 24 | -13.4% | -105.1% | ||
| Q3 24 | -315.7% | -120.4% | ||
| Q2 24 | -302.4% | -96.2% | ||
| Q1 24 | -275.0% | -109.2% |
净利率ALECDMRC
| Q4 25 | — | -47.2% | ||
| Q3 25 | -1063.4% | -106.9% | ||
| Q2 25 | -387.7% | -102.6% | ||
| Q1 25 | -1101.6% | -125.2% | ||
| Q4 24 | -3.8% | -99.9% | ||
| Q3 24 | -275.2% | -113.9% | ||
| Q2 24 | -256.4% | -89.3% | ||
| Q1 24 | -227.0% | -104.0% |
每股收益（稀释后）ALECDMRC
| Q4 25 | — | $-0.18 | ||
| Q3 25 | $-0.34 | $-0.38 | ||
| Q2 25 | $-0.30 | $-0.38 | ||
| Q1 25 | $-0.41 | $-0.55 | ||
| Q4 24 | $-0.02 | $-0.40 | ||
| Q3 24 | $-0.43 | $-0.50 | ||
| Q2 24 | $-0.40 | $-0.43 | ||
| Q1 24 | $-0.38 | $-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 | $256.0M | $12.9M |
| 总债务越低越好 | $10.0M | — |
| 股东权益账面价值 | $30.6M | $40.2M |
| 总资产 | $293.2M | $53.0M |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALECDMRC
| Q4 25 | $256.0M | $12.9M | ||
| Q3 25 | $291.1M | $12.6M | ||
| Q2 25 | $307.3M | $16.1M | ||
| Q1 25 | $354.6M | $21.6M | ||
| Q4 24 | $413.4M | $28.7M | ||
| Q3 24 | $457.2M | $33.7M | ||
| Q2 24 | $503.3M | $41.5M | ||
| Q1 24 | $562.1M | $48.9M |
总债务ALECDMRC
| Q4 25 | $10.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $10.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ALECDMRC
| Q4 25 | $30.6M | $40.2M | ||
| Q3 25 | $57.7M | $41.4M | ||
| Q2 25 | $71.2M | $46.5M | ||
| Q1 25 | $94.6M | $50.0M | ||
| Q4 24 | $126.8M | $61.4M | ||
| Q3 24 | $118.9M | $70.2M | ||
| Q2 24 | $150.6M | $77.2M | ||
| Q1 24 | $178.9M | $84.5M |
总资产ALECDMRC
| Q4 25 | $293.2M | $53.0M | ||
| Q3 25 | $335.3M | $55.4M | ||
| Q2 25 | $356.4M | $60.7M | ||
| Q1 25 | $408.3M | $66.5M | ||
| Q4 24 | $468.3M | $75.8M | ||
| Q3 24 | $516.0M | $85.0M | ||
| Q2 24 | $570.7M | $93.4M | ||
| Q1 24 | $635.5M | $99.7M |
负债/权益比ALECDMRC
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | — | ||
| 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 | $-184.0M | $991.0K |
| 自由现金流经营现金流 - 资本支出 | $-184.1M | $895.0K |
| 自由现金流率自由现金流/营收 | -2951.3% | 10.0% |
| 资本支出强度资本支出/营收 | 0.7% | 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 | $-326.5M | $-12.3M |
8季度趋势，按日历期对齐
经营现金流ALECDMRC
| Q4 25 | $-184.0M | $991.0K | ||
| Q3 25 | $-32.5M | $-2.6M | ||
| Q2 25 | $-49.0M | $-4.7M | ||
| Q1 25 | $-60.8M | $-5.5M | ||
| Q4 24 | $-55.0M | $-4.2M | ||
| Q3 24 | $-50.7M | $-7.1M | ||
| Q2 24 | $-62.8M | $-6.8M | ||
| Q1 24 | $-61.3M | $-8.4M |
自由现金流ALECDMRC
| Q4 25 | $-184.1M | $895.0K | ||
| Q3 25 | $-32.5M | $-2.8M | ||
| Q2 25 | $-49.1M | $-4.9M | ||
| Q1 25 | $-60.8M | $-5.5M | ||
| Q4 24 | $-55.2M | $-4.2M | ||
| Q3 24 | $-50.9M | $-7.2M | ||
| Q2 24 | $-63.1M | $-6.9M | ||
| Q1 24 | $-61.9M | $-8.5M |
自由现金流率ALECDMRC
| Q4 25 | -2951.3% | 10.0% | ||
| Q3 25 | -997.6% | -36.9% | ||
| Q2 25 | -623.0% | -61.0% | ||
| Q1 25 | -1655.0% | -59.1% | ||
| Q4 24 | -101.8% | -49.1% | ||
| Q3 24 | -332.1% | -75.7% | ||
| Q2 24 | -418.6% | -66.1% | ||
| Q1 24 | -389.3% | -85.8% |
资本支出强度ALECDMRC
| Q4 25 | 0.7% | 1.1% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 0.1% | 2.5% | ||
| Q1 25 | 0.5% | 0.6% | ||
| Q4 24 | 0.3% | 0.2% | ||
| Q3 24 | 1.4% | 0.7% | ||
| Q2 24 | 2.2% | 0.3% | ||
| Q1 24 | 3.4% | 1.1% |
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
ALEC
暂无分部数据
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
