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American Well Corp（AMWL）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American Well Corp的1.1倍（$62.4M vs $55.3M），PDF SOLUTIONS INC净利率更高（-0.1% vs -45.1%，领先45.0%），PDF SOLUTIONS INC同比增速更快（24.6% vs -22.1%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-17.4M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs -3.6%）
美国烟草公司由J.B.杜克于1890年整合多家美国烟草制造商合并创立，1896年成为道琼斯工业平均指数最初的12支成分股之一。该公司收购了好彩公司及超过200家竞争对手，一度垄断美国烟草行业。1907年美国联邦政府发起反垄断诉讼，最终将该公司分拆为多家企业。
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。
AMWL vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.1倍
$55.3M
营收增速更快
PDFS
高出46.7%
-22.1%
净利率更高
PDFS
高出45.0%
-45.1%
自由现金流更多
PDFS
多$24.9M
$-17.4M
两年增速更快
PDFS
近两年复合增速
-3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.3M | $62.4M |
| 净利润 | $-24.9M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | -45.5% | 5.5% |
| 净利率 | -45.1% | -0.1% |
| 营收同比 | -22.1% | 24.6% |
| 净利润同比 | 41.6% | -108.9% |
| 每股收益（稀释后） | $-1.53 | $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AMWLPDFS
| Q4 25 | $55.3M | $62.4M | ||
| Q3 25 | $56.3M | $57.1M | ||
| Q2 25 | $70.9M | $51.7M | ||
| Q1 25 | $66.8M | $47.8M | ||
| Q4 24 | $71.0M | $50.1M | ||
| Q3 24 | $61.0M | $46.4M | ||
| Q2 24 | $62.8M | $41.7M | ||
| Q1 24 | $59.5M | $41.3M |
净利润AMWLPDFS
| Q4 25 | $-24.9M | $-48.0K | ||
| Q3 25 | $-32.4M | $1.3M | ||
| Q2 25 | $-19.7M | $1.1M | ||
| Q1 25 | $-18.7M | $-3.0M | ||
| Q4 24 | $-42.7M | $539.0K | ||
| Q3 24 | $-43.5M | $2.2M | ||
| Q2 24 | $-49.9M | $1.7M | ||
| Q1 24 | $-72.1M | $-393.0K |
毛利率AMWLPDFS
| 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AMWLPDFS
| Q4 25 | -45.5% | 5.5% | ||
| Q3 25 | -52.1% | 8.5% | ||
| Q2 25 | -28.7% | 2.2% | ||
| Q1 25 | -45.5% | -7.4% | ||
| Q4 24 | -60.2% | 1.0% | ||
| Q3 24 | -77.6% | 4.6% | ||
| Q2 24 | -83.4% | 0.6% | ||
| Q1 24 | -126.1% | -4.7% |
净利率AMWLPDFS
| Q4 25 | -45.1% | -0.1% | ||
| Q3 25 | -57.5% | 2.3% | ||
| Q2 25 | -27.8% | 2.2% | ||
| Q1 25 | -28.0% | -6.3% | ||
| Q4 24 | -60.1% | 1.1% | ||
| Q3 24 | -71.2% | 4.8% | ||
| Q2 24 | -79.5% | 4.1% | ||
| Q1 24 | -121.1% | -1.0% |
每股收益（稀释后）AMWLPDFS
| Q4 25 | $-1.53 | $0.00 | ||
| Q3 25 | $-2.00 | $0.03 | ||
| Q2 25 | $-1.24 | $0.03 | ||
| Q1 25 | $-1.19 | $-0.08 | ||
| Q4 24 | $-2.71 | $0.01 | ||
| Q3 24 | $-2.87 | $0.06 | ||
| Q2 24 | $-3.36 | $0.04 | ||
| Q1 24 | $-4.94 | $-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 | $182.3M | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $235.6M | $271.0M |
| 总资产 | $323.8M | $418.7M |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资AMWLPDFS
| Q4 25 | $182.3M | $42.2M | ||
| Q3 25 | $200.9M | $35.9M | ||
| Q2 25 | $219.1M | $40.4M | ||
| Q1 25 | $222.4M | $54.1M | ||
| Q4 24 | $228.3M | $114.9M | ||
| Q3 24 | $244.6M | $120.2M | ||
| Q2 24 | $276.9M | $117.9M | ||
| Q1 24 | $308.6M | $122.9M |
总债务AMWLPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AMWLPDFS
| Q4 25 | $235.6M | $271.0M | ||
| Q3 25 | $254.9M | $264.4M | ||
| Q2 25 | $282.6M | $257.5M | ||
| Q1 25 | $294.0M | $249.0M | ||
| Q4 24 | $304.8M | $246.0M | ||
| Q3 24 | $336.7M | $240.5M | ||
| Q2 24 | $363.9M | $232.2M | ||
| Q1 24 | $408.7M | $225.4M |
总资产AMWLPDFS
| Q4 25 | $323.8M | $418.7M | ||
| Q3 25 | $359.4M | $406.4M | ||
| Q2 25 | $388.7M | $391.1M | ||
| Q1 25 | $419.5M | $390.0M | ||
| Q4 24 | $436.0M | $315.3M | ||
| Q3 24 | $483.0M | $307.4M | ||
| Q2 24 | $507.8M | $298.0M | ||
| Q1 24 | $548.4M | $286.8M |
负债/权益比AMWLPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| 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 | $-17.4M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-17.4M | $7.5M |
| 自由现金流率自由现金流/营收 | -31.4% | 12.1% |
| 资本支出强度资本支出/营收 | 0.0% | 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AMWLPDFS
| Q4 25 | $-17.4M | $17.3M | ||
| Q3 25 | $-18.8M | $3.3M | ||
| Q2 25 | $-4.7M | $-5.2M | ||
| Q1 25 | $-25.1M | $8.6M | ||
| Q4 24 | $-13.4M | $1.6M | ||
| Q3 24 | $-32.4M | $9.3M | ||
| Q2 24 | $-21.8M | $684.0K | ||
| Q1 24 | $-59.8M | $-1.9M |
自由现金流AMWLPDFS
| Q4 25 | $-17.4M | $7.5M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | $-13.8M | ||
| Q1 25 | $-25.1M | $535.0K | ||
| Q4 24 | $-13.4M | $-4.0M | ||
| Q3 24 | $-32.4M | $5.1M | ||
| Q2 24 | $-21.8M | $-4.6M | ||
| Q1 24 | $-59.8M | $-3.9M |
自由现金流率AMWLPDFS
| Q4 25 | -31.4% | 12.1% | ||
| Q3 25 | — | -5.1% | ||
| Q2 25 | — | -26.6% | ||
| Q1 25 | -37.6% | 1.1% | ||
| Q4 24 | -18.9% | -8.0% | ||
| Q3 24 | -53.0% | 11.0% | ||
| Q2 24 | -34.7% | -11.1% | ||
| Q1 24 | -100.5% | -9.4% |
资本支出强度AMWLPDFS
| Q4 25 | 0.0% | 15.7% | ||
| Q3 25 | 0.0% | 10.8% | ||
| Q2 25 | 0.0% | 16.5% | ||
| Q1 25 | 0.0% | 17.0% | ||
| Q4 24 | 0.0% | 11.3% | ||
| Q3 24 | 0.0% | 9.0% | ||
| Q2 24 | 0.0% | 12.8% | ||
| Q1 24 | 0.1% | 4.9% |
现金转化率AMWLPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 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
AMWL
| Platform Subscription | $28.8M | 52% |
| Visits | $23.7M | 43% |
| Others | $2.8M | 5% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
