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ASPEN AEROGELS INC（ASPN）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ASPEN AEROGELS INC的1.5倍（$62.4M vs $41.3M），PDF SOLUTIONS INC净利率更高（-0.1% vs -176.4%，领先176.3%），PDF SOLUTIONS INC同比增速更快（24.6% vs -66.4%），ASPEN AEROGELS INC自由现金流更多（$13.7M vs $7.5M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs -33.9%）
Aspen Aerogels Inc是全球领先的气凝胶基高性能隔热及热管理材料生产商，产品广泛应用于可再生能源、油气基础设施、航空航天、商业建筑与工业制造领域，核心市场覆盖北美、欧洲及亚太地区，旗下材料以优异的耐热性、防火性能和轻量化特性广受客户认可。
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。
ASPN vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.5倍
$41.3M
营收增速更快
PDFS
高出91.0%
-66.4%
净利率更高
PDFS
高出176.3%
-176.4%
自由现金流更多
ASPN
多$6.1M
$7.5M
两年增速更快
PDFS
近两年复合增速
-33.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.3M | $62.4M |
| 净利润 | $-72.9M | $-48.0K |
| 毛利率 | -55.5% | 72.9% |
| 营业利润率 | -170.3% | 5.5% |
| 净利率 | -176.4% | -0.1% |
| 营收同比 | -66.4% | 24.6% |
| 净利润同比 | -741.7% | -108.9% |
| 每股收益（稀释后） | $-0.87 | $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ASPNPDFS
| Q4 25 | $41.3M | $62.4M | ||
| Q3 25 | $73.0M | $57.1M | ||
| Q2 25 | $78.0M | $51.7M | ||
| Q1 25 | $78.7M | $47.8M | ||
| Q4 24 | $123.1M | $50.1M | ||
| Q3 24 | $117.3M | $46.4M | ||
| Q2 24 | $117.8M | $41.7M | ||
| Q1 24 | $94.5M | $41.3M |
净利润ASPNPDFS
| Q4 25 | $-72.9M | $-48.0K | ||
| Q3 25 | $-6.3M | $1.3M | ||
| Q2 25 | $-9.1M | $1.1M | ||
| Q1 25 | $-301.2M | $-3.0M | ||
| Q4 24 | $11.4M | $539.0K | ||
| Q3 24 | $-13.0M | $2.2M | ||
| Q2 24 | $16.8M | $1.7M | ||
| Q1 24 | $-1.8M | $-393.0K |
毛利率ASPNPDFS
| Q4 25 | -55.5% | 72.9% | ||
| Q3 25 | 28.5% | 72.3% | ||
| Q2 25 | 32.4% | 71.2% | ||
| Q1 25 | 29.0% | 72.9% | ||
| Q4 24 | 38.3% | 68.3% | ||
| Q3 24 | 41.8% | 73.1% | ||
| Q2 24 | 43.8% | 70.6% | ||
| Q1 24 | 37.2% | 67.3% |
营业利润率ASPNPDFS
| Q4 25 | -170.3% | 5.5% | ||
| Q3 25 | -4.6% | 8.5% | ||
| Q2 25 | -6.6% | 2.2% | ||
| Q1 25 | -380.2% | -7.4% | ||
| Q4 24 | 12.0% | 1.0% | ||
| Q3 24 | 14.8% | 4.6% | ||
| Q2 24 | 17.0% | 0.6% | ||
| Q1 24 | 2.6% | -4.7% |
净利率ASPNPDFS
| Q4 25 | -176.4% | -0.1% | ||
| Q3 25 | -8.7% | 2.3% | ||
| Q2 25 | -11.6% | 2.2% | ||
| Q1 25 | -382.7% | -6.3% | ||
| Q4 24 | 9.2% | 1.1% | ||
| Q3 24 | -11.1% | 4.8% | ||
| Q2 24 | 14.3% | 4.1% | ||
| Q1 24 | -1.9% | -1.0% |
每股收益（稀释后）ASPNPDFS
| Q4 25 | $-0.87 | $0.00 | ||
| Q3 25 | $-0.08 | $0.03 | ||
| Q2 25 | $-0.11 | $0.03 | ||
| Q1 25 | $-3.67 | $-0.08 | ||
| Q4 24 | $0.15 | $0.01 | ||
| Q3 24 | $-0.17 | $0.06 | ||
| Q2 24 | $0.21 | $0.04 | ||
| Q1 24 | $-0.02 | $-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 | $156.9M | $42.2M |
| 总债务越低越好 | $65.5M | $67.0M |
| 股东权益账面价值 | $235.5M | $271.0M |
| 总资产 | $406.7M | $418.7M |
| 负债/权益比越低杠杆越低 | 0.28× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ASPNPDFS
| Q4 25 | $156.9M | $42.2M | ||
| Q3 25 | $150.7M | $35.9M | ||
| Q2 25 | $167.6M | $40.4M | ||
| Q1 25 | $192.0M | $54.1M | ||
| Q4 24 | $220.9M | $114.9M | ||
| Q3 24 | $113.5M | $120.2M | ||
| Q2 24 | $91.4M | $117.9M | ||
| Q1 24 | $101.5M | $122.9M |
总债务ASPNPDFS
| Q4 25 | $65.5M | $67.0M | ||
| Q3 25 | $70.1M | $67.6M | ||
| Q2 25 | $77.3M | $68.1M | ||
| Q1 25 | $95.4M | $68.7M | ||
| Q4 24 | $95.0M | — | ||
| Q3 24 | $93.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ASPNPDFS
| Q4 25 | $235.5M | $271.0M | ||
| Q3 25 | $305.7M | $264.4M | ||
| Q2 25 | $308.8M | $257.5M | ||
| Q1 25 | $314.8M | $249.0M | ||
| Q4 24 | $614.7M | $246.0M | ||
| Q3 24 | $507.6M | $240.5M | ||
| Q2 24 | $517.8M | $232.2M | ||
| Q1 24 | $491.2M | $225.4M |
总资产ASPNPDFS
| Q4 25 | $406.7M | $418.7M | ||
| Q3 25 | $491.4M | $406.4M | ||
| Q2 25 | $525.1M | $391.1M | ||
| Q1 25 | $555.0M | $390.0M | ||
| Q4 24 | $895.1M | $315.3M | ||
| Q3 24 | $782.6M | $307.4M | ||
| Q2 24 | $748.6M | $298.0M | ||
| Q1 24 | $698.0M | $286.8M |
负债/权益比ASPNPDFS
| Q4 25 | 0.28× | 0.25× | ||
| Q3 25 | 0.23× | 0.26× | ||
| Q2 25 | 0.25× | 0.26× | ||
| Q1 25 | 0.30× | 0.28× | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.18× | — | ||
| 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 | $16.1M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $13.7M | $7.5M |
| 自由现金流率自由现金流/营收 | 33.1% | 12.1% |
| 资本支出强度资本支出/营收 | 6.0% | 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 | $-4.6M | $-8.6M |
8季度趋势，按日历期对齐
经营现金流ASPNPDFS
| Q4 25 | $16.1M | $17.3M | ||
| Q3 25 | $15.0M | $3.3M | ||
| Q2 25 | $-3.9M | $-5.2M | ||
| Q1 25 | $5.6M | $8.6M | ||
| Q4 24 | $35.7M | $1.6M | ||
| Q3 24 | $20.8M | $9.3M | ||
| Q2 24 | $6.8M | $684.0K | ||
| Q1 24 | $-17.7M | $-1.9M |
自由现金流ASPNPDFS
| Q4 25 | $13.7M | $7.5M | ||
| Q3 25 | $5.9M | $-2.9M | ||
| Q2 25 | $-16.8M | $-13.8M | ||
| Q1 25 | $-7.4M | $535.0K | ||
| Q4 24 | $20.9M | $-4.0M | ||
| Q3 24 | $-50.0K | $5.1M | ||
| Q2 24 | $-18.0M | $-4.6M | ||
| Q1 24 | $-43.6M | $-3.9M |
自由现金流率ASPNPDFS
| Q4 25 | 33.1% | 12.1% | ||
| Q3 25 | 8.1% | -5.1% | ||
| Q2 25 | -21.6% | -26.6% | ||
| Q1 25 | -9.4% | 1.1% | ||
| Q4 24 | 17.0% | -8.0% | ||
| Q3 24 | -0.0% | 11.0% | ||
| Q2 24 | -15.3% | -11.1% | ||
| Q1 24 | -46.1% | -9.4% |
资本支出强度ASPNPDFS
| Q4 25 | 6.0% | 15.7% | ||
| Q3 25 | 12.5% | 10.8% | ||
| Q2 25 | 16.5% | 16.5% | ||
| Q1 25 | 16.5% | 17.0% | ||
| Q4 24 | 12.0% | 11.3% | ||
| Q3 24 | 17.7% | 9.0% | ||
| Q2 24 | 21.1% | 12.8% | ||
| Q1 24 | 27.4% | 4.9% |
现金转化率ASPNPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.14× | 2.98× | ||
| Q3 24 | — | 4.20× | ||
| Q2 24 | 0.41× | 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
ASPN
| Energy Industrial | $14.5M | 35% |
| Other | $13.9M | 34% |
| Thermal Barrier | $12.9M | 31% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
