vs
AMERICAN REALTY INVESTORS INC（ARL）与Digimarc CORP（DMRC）财务数据对比。点击上方公司名可切换其他公司
AMERICAN REALTY INVESTORS INC的季度营收约是Digimarc CORP的1.5倍（$13.0M vs $8.9M），AMERICAN REALTY INVESTORS INC净利率更高（75.2% vs -47.2%，领先122.4%），AMERICAN REALTY INVESTORS INC同比增速更快（8.1% vs 2.9%），过去两年AMERICAN REALTY INVESTORS INC的营收复合增速更高（4.6% vs -5.3%）
原温加顿地产投资者是一家房地产投资信托公司，主要投资于美国南部的购物中心，且项目大多以杂货店作为主力店。该公司在2021年8月被金考地产收购。
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。
ARL vs DMRC — 直观对比
营收规模更大
ARL
是对方的1.5倍
$8.9M
营收增速更快
ARL
高出5.2%
2.9%
净利率更高
ARL
高出122.4%
-47.2%
两年增速更快
ARL
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.0M | $8.9M |
| 净利润 | $9.8M | $-4.2M |
| 毛利率 | — | 63.5% |
| 营业利润率 | -23.3% | -48.2% |
| 净利率 | 75.2% | -47.2% |
| 营收同比 | 8.1% | 2.9% |
| 净利润同比 | 6175.8% | 51.4% |
| 每股收益（稀释后） | $0.60 | $-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ARLDMRC
| Q4 25 | $13.0M | $8.9M | ||
| Q3 25 | $12.8M | $7.6M | ||
| Q2 25 | $12.2M | $8.0M | ||
| Q1 25 | $12.0M | $9.4M | ||
| Q4 24 | $12.0M | $8.7M | ||
| Q3 24 | $11.6M | $9.4M | ||
| Q2 24 | $11.8M | $10.4M | ||
| Q1 24 | $11.9M | $9.9M |
净利润ARLDMRC
| Q4 25 | $9.8M | $-4.2M | ||
| Q3 25 | $129.0K | $-8.2M | ||
| Q2 25 | $2.8M | $-8.2M | ||
| Q1 25 | $3.0M | $-11.7M | ||
| Q4 24 | $-161.0K | $-8.6M | ||
| Q3 24 | $-17.5M | $-10.8M | ||
| Q2 24 | $1.2M | $-9.3M | ||
| Q1 24 | $1.8M | $-10.3M |
毛利率ARLDMRC
| 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ARLDMRC
| Q4 25 | -23.3% | -48.2% | ||
| Q3 25 | -12.3% | -109.7% | ||
| Q2 25 | -8.3% | -105.2% | ||
| Q1 25 | -6.8% | -128.9% | ||
| Q4 24 | -14.8% | -105.1% | ||
| Q3 24 | -17.8% | -120.4% | ||
| Q2 24 | -10.8% | -96.2% | ||
| Q1 24 | -12.7% | -109.2% |
净利率ARLDMRC
| Q4 25 | 75.2% | -47.2% | ||
| Q3 25 | 1.0% | -106.9% | ||
| Q2 25 | 23.2% | -102.6% | ||
| Q1 25 | 24.7% | -125.2% | ||
| Q4 24 | -1.3% | -99.9% | ||
| Q3 24 | -150.4% | -113.9% | ||
| Q2 24 | 9.9% | -89.3% | ||
| Q1 24 | 14.7% | -104.0% |
每股收益（稀释后）ARLDMRC
| Q4 25 | $0.60 | $-0.18 | ||
| Q3 25 | $0.01 | $-0.38 | ||
| Q2 25 | $0.18 | $-0.38 | ||
| Q1 25 | $0.18 | $-0.55 | ||
| Q4 24 | $-0.01 | $-0.40 | ||
| Q3 24 | $-1.08 | $-0.50 | ||
| Q2 24 | $0.07 | $-0.43 | ||
| Q1 24 | $0.11 | $-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 | $89.1M | $12.9M |
| 总债务越低越好 | $214.4M | — |
| 股东权益账面价值 | $617.4M | $40.2M |
| 总资产 | $1.1B | $53.0M |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资ARLDMRC
| Q4 25 | $89.1M | $12.9M | ||
| Q3 25 | $82.8M | $12.6M | ||
| Q2 25 | $73.5M | $16.1M | ||
| Q1 25 | $88.7M | $21.6M | ||
| Q4 24 | $99.7M | $28.7M | ||
| Q3 24 | $131.6M | $33.7M | ||
| Q2 24 | $127.5M | $41.5M | ||
| Q1 24 | $130.9M | $48.9M |
总债务ARLDMRC
| Q4 25 | $214.4M | — | ||
| Q3 25 | $227.0M | — | ||
| Q2 25 | $216.0M | — | ||
| Q1 25 | $201.7M | — | ||
| Q4 24 | $185.4M | — | ||
| Q3 24 | $183.8M | — | ||
| Q2 24 | $181.0M | — | ||
| Q1 24 | $181.8M | — |
股东权益ARLDMRC
| Q4 25 | $617.4M | $40.2M | ||
| Q3 25 | $607.8M | $41.4M | ||
| Q2 25 | $607.8M | $46.5M | ||
| Q1 25 | $604.9M | $50.0M | ||
| Q4 24 | $601.8M | $61.4M | ||
| Q3 24 | $602.2M | $70.2M | ||
| Q2 24 | $619.9M | $77.2M | ||
| Q1 24 | $618.8M | $84.5M |
总资产ARLDMRC
| Q4 25 | $1.1B | $53.0M | ||
| Q3 25 | $1.1B | $55.4M | ||
| Q2 25 | $1.1B | $60.7M | ||
| Q1 25 | $1.0B | $66.5M | ||
| Q4 24 | $1.0B | $75.8M | ||
| Q3 24 | $1.0B | $85.0M | ||
| Q2 24 | $1.0B | $93.4M | ||
| Q1 24 | $1.0B | $99.7M |
负债/权益比ARLDMRC
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.36× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.29× | — |
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 | $-5.6M | $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 | -0.57× | — |
| 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ARLDMRC
| Q4 25 | $-5.6M | $991.0K | ||
| Q3 25 | $8.0M | $-2.6M | ||
| Q2 25 | $-2.9M | $-4.7M | ||
| Q1 25 | $-7.4M | $-5.5M | ||
| Q4 24 | $1.1M | $-4.2M | ||
| Q3 24 | $13.5M | $-7.1M | ||
| Q2 24 | $-503.0K | $-6.8M | ||
| Q1 24 | $3.9M | $-8.4M |
自由现金流ARLDMRC
| 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ARLDMRC
| 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ARLDMRC
| 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ARLDMRC
| Q4 25 | -0.57× | — | ||
| Q3 25 | 61.81× | — | ||
| Q2 25 | -1.03× | — | ||
| Q1 25 | -2.50× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.43× | — | ||
| Q1 24 | 2.21× | — |
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
ARL
暂无分部数据
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
