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AlTi Global, Inc.（ALTI）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
AlTi Global, Inc.的季度营收约是PDF SOLUTIONS INC的1.4倍（$86.6M vs $62.4M），PDF SOLUTIONS INC净利率更高（-0.1% vs -15.1%，领先15.1%），AlTi Global, Inc.同比增速更快（87.0% vs 24.6%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-52.2M），过去两年AlTi Global, Inc.的营收复合增速更高（30.6% vs 22.9%）
该公司原名Cristal Global，是全球第二大二氧化钛生产商，同时也是钛化学品的龙头供应商，由原国家二氧化钛有限公司与 Millennium Chemicals 合并组建而成，总部设于沙特阿拉伯吉达。该公司是全球第五大二氧化钛原料生产商Bemax的重要股东。
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。
ALTI vs PDFS — 直观对比
营收规模更大
ALTI
是对方的1.4倍
$62.4M
营收增速更快
ALTI
高出62.4%
24.6%
净利率更高
PDFS
高出15.1%
-15.1%
自由现金流更多
PDFS
多$59.8M
$-52.2M
两年增速更快
ALTI
近两年复合增速
22.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $62.4M |
| 净利润 | $-13.1M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | -2.1% | 5.5% |
| 净利率 | -15.1% | -0.1% |
| 营收同比 | 87.0% | 24.6% |
| 净利润同比 | 75.6% | -108.9% |
| 每股收益（稀释后） | — | $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ALTIPDFS
| Q4 25 | $86.6M | $62.4M | ||
| Q3 25 | $57.2M | $57.1M | ||
| Q2 25 | $53.1M | $51.7M | ||
| Q1 25 | $58.0M | $47.8M | ||
| Q4 24 | $46.3M | $50.1M | ||
| Q3 24 | $51.8M | $46.4M | ||
| Q2 24 | $49.5M | $41.7M | ||
| Q1 24 | $50.8M | $41.3M |
净利润ALTIPDFS
| Q4 25 | $-13.1M | $-48.0K | ||
| Q3 25 | $-84.1M | $1.3M | ||
| Q2 25 | $-24.4M | $1.1M | ||
| Q1 25 | $1.9M | $-3.0M | ||
| Q4 24 | $-53.8M | $539.0K | ||
| Q3 24 | $-72.5M | $2.2M | ||
| Q2 24 | $-6.4M | $1.7M | ||
| Q1 24 | $29.7M | $-393.0K |
毛利率ALTIPDFS
| 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ALTIPDFS
| Q4 25 | -2.1% | 5.5% | ||
| Q3 25 | -49.8% | 8.5% | ||
| Q2 25 | -56.7% | 2.2% | ||
| Q1 25 | -23.3% | -7.4% | ||
| Q4 24 | -42.7% | 1.0% | ||
| Q3 24 | -18.4% | 4.6% | ||
| Q2 24 | -30.2% | 0.6% | ||
| Q1 24 | -28.9% | -4.7% |
净利率ALTIPDFS
| Q4 25 | -15.1% | -0.1% | ||
| Q3 25 | -147.0% | 2.3% | ||
| Q2 25 | -45.9% | 2.2% | ||
| Q1 25 | 3.3% | -6.3% | ||
| Q4 24 | -116.1% | 1.1% | ||
| Q3 24 | -140.0% | 4.8% | ||
| Q2 24 | -12.9% | 4.1% | ||
| Q1 24 | 58.4% | -1.0% |
每股收益（稀释后）ALTIPDFS
| Q4 25 | — | $0.00 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | $-0.33 | $0.03 | ||
| Q1 25 | $-0.04 | $-0.08 | ||
| Q4 24 | $-0.71 | $0.01 | ||
| Q3 24 | $-0.88 | $0.06 | ||
| Q2 24 | $-0.18 | $0.04 | ||
| Q1 24 | $0.18 | $-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 | $41.2M | $42.2M |
| 总债务越低越好 | $883.0K | $67.0M |
| 股东权益账面价值 | $600.1M | $271.0M |
| 总资产 | $1.2B | $418.7M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ALTIPDFS
| Q4 25 | $41.2M | $42.2M | ||
| Q3 25 | $35.8M | $35.9M | ||
| Q2 25 | $42.4M | $40.4M | ||
| Q1 25 | $52.8M | $54.1M | ||
| Q4 24 | $64.4M | $114.9M | ||
| Q3 24 | $220.6M | $120.2M | ||
| Q2 24 | $60.0M | $117.9M | ||
| Q1 24 | $134.2M | $122.9M |
总债务ALTIPDFS
| Q4 25 | $883.0K | $67.0M | ||
| Q3 25 | $586.0K | $67.6M | ||
| Q2 25 | $673.0K | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
股东权益ALTIPDFS
| Q4 25 | $600.1M | $271.0M | ||
| Q3 25 | $607.2M | $264.4M | ||
| Q2 25 | $685.4M | $257.5M | ||
| Q1 25 | $665.2M | $249.0M | ||
| Q4 24 | $658.4M | $246.0M | ||
| Q3 24 | $707.0M | $240.5M | ||
| Q2 24 | $540.2M | $232.2M | ||
| Q1 24 | $510.9M | $225.4M |
总资产ALTIPDFS
| Q4 25 | $1.2B | $418.7M | ||
| Q3 25 | $1.2B | $406.4M | ||
| Q2 25 | $1.2B | $391.1M | ||
| Q1 25 | $1.2B | $390.0M | ||
| Q4 24 | $1.3B | $315.3M | ||
| Q3 24 | $1.4B | $307.4M | ||
| Q2 24 | $1.3B | $298.0M | ||
| Q1 24 | $1.3B | $286.8M |
负债/权益比ALTIPDFS
| Q4 25 | 0.00× | 0.25× | ||
| Q3 25 | 0.00× | 0.26× | ||
| Q2 25 | 0.00× | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-52.2M | $7.5M |
| 自由现金流率自由现金流/营收 | -60.3% | 12.1% |
| 资本支出强度资本支出/营收 | 0.9% | 15.7% |
| 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 | — | $-8.6M |
8季度趋势，按日历期对齐
经营现金流ALTIPDFS
| Q4 25 | $-51.4M | $17.3M | ||
| Q3 25 | $-53.5M | $3.3M | ||
| Q2 25 | $-19.9M | $-5.2M | ||
| Q1 25 | $-30.2M | $8.6M | ||
| Q4 24 | $-50.7M | $1.6M | ||
| Q3 24 | $-4.9M | $9.3M | ||
| Q2 24 | $-30.2M | $684.0K | ||
| Q1 24 | $-15.5M | $-1.9M |
自由现金流ALTIPDFS
| Q4 25 | $-52.2M | $7.5M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | $-20.0M | $-13.8M | ||
| Q1 25 | $-31.0M | $535.0K | ||
| Q4 24 | $-58.2M | $-4.0M | ||
| Q3 24 | $-9.4M | $5.1M | ||
| Q2 24 | $-31.2M | $-4.6M | ||
| Q1 24 | $-15.7M | $-3.9M |
自由现金流率ALTIPDFS
| Q4 25 | -60.3% | 12.1% | ||
| Q3 25 | — | -5.1% | ||
| Q2 25 | -37.6% | -26.6% | ||
| Q1 25 | -53.4% | 1.1% | ||
| Q4 24 | -125.7% | -8.0% | ||
| Q3 24 | -18.2% | 11.0% | ||
| Q2 24 | -63.2% | -11.1% | ||
| Q1 24 | -30.9% | -9.4% |
资本支出强度ALTIPDFS
| Q4 25 | 0.9% | 15.7% | ||
| Q3 25 | 0.0% | 10.8% | ||
| Q2 25 | 0.0% | 16.5% | ||
| Q1 25 | 1.3% | 17.0% | ||
| Q4 24 | 16.3% | 11.3% | ||
| Q3 24 | 8.7% | 9.0% | ||
| Q2 24 | 2.2% | 12.8% | ||
| Q1 24 | 0.4% | 4.9% |
现金转化率ALTIPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 4.20× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | -0.52× | — |
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
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
