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ASURE SOFTWARE INC（ASUR）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
TELOS CORP的季度营收约是ASURE SOFTWARE INC的1.3倍（$46.8M vs $36.3M），ASURE SOFTWARE INC净利率更高（-14.8% vs -34.9%，领先20.1%），TELOS CORP同比增速更快（77.4% vs 23.7%），TELOS CORP自由现金流更多（$8.0M vs $5.7M），过去两年TELOS CORP的营收复合增速更高（25.7% vs 11.2%）
Asure Software是一家软件企业，其前身为Forgent Networks，2007年9月完成品牌更名后，业务逐渐拓展至人力资本管理领域，为客户提供薪资发放、考勤管理、人才管理、人力资源管理、福利管理以及保险相关服务等解决方案。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
ASUR vs TLS — 直观对比
营收规模更大
TLS
是对方的1.3倍
$36.3M
营收增速更快
TLS
高出53.7%
23.7%
净利率更高
ASUR
高出20.1%
-34.9%
自由现金流更多
TLS
多$2.3M
$5.7M
两年增速更快
TLS
近两年复合增速
11.2%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $36.3M | $46.8M |
| 净利润 | $-5.4M | $-16.3M |
| 毛利率 | 63.8% | 35.0% |
| 营业利润率 | -9.7% | -39.6% |
| 净利率 | -14.8% | -34.9% |
| 营收同比 | 23.7% | 77.4% |
| 净利润同比 | -37.5% | -74.8% |
| 每股收益（稀释后） | $-0.19 | $-0.22 |
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ASURTLS
| Q4 25 | — | $46.8M | ||
| Q3 25 | $36.3M | $51.4M | ||
| Q2 25 | $30.1M | $36.0M | ||
| Q1 25 | $34.9M | $30.6M | ||
| Q4 24 | — | $26.4M | ||
| Q3 24 | $29.3M | $23.8M | ||
| Q2 24 | $28.0M | $28.5M | ||
| Q1 24 | $31.7M | $29.6M |
净利润ASURTLS
| Q4 25 | — | $-16.3M | ||
| Q3 25 | $-5.4M | $-2.1M | ||
| Q2 25 | $-6.1M | $-9.5M | ||
| Q1 25 | $-2.4M | $-8.6M | ||
| Q4 24 | — | $-9.3M | ||
| Q3 24 | $-3.9M | $-28.1M | ||
| Q2 24 | $-4.4M | $-7.8M | ||
| Q1 24 | $-308.0K | $-7.4M |
毛利率ASURTLS
| Q4 25 | — | 35.0% | ||
| Q3 25 | 63.8% | 39.9% | ||
| Q2 25 | 66.1% | 33.2% | ||
| Q1 25 | 70.6% | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | 67.2% | 13.2% | ||
| Q2 24 | 67.3% | 34.1% | ||
| Q1 24 | 71.4% | 37.0% |
营业利润率ASURTLS
| Q4 25 | — | -39.6% | ||
| Q3 25 | -9.7% | -4.8% | ||
| Q2 25 | -15.4% | -27.5% | ||
| Q1 25 | -5.8% | -29.5% | ||
| Q4 24 | — | -37.6% | ||
| Q3 24 | -12.4% | -121.4% | ||
| Q2 24 | -14.9% | -30.3% | ||
| Q1 24 | -1.4% | -28.5% |
净利率ASURTLS
| Q4 25 | — | -34.9% | ||
| Q3 25 | -14.8% | -4.1% | ||
| Q2 25 | -20.3% | -26.5% | ||
| Q1 25 | -6.9% | -28.1% | ||
| Q4 24 | — | -35.4% | ||
| Q3 24 | -13.3% | -118.0% | ||
| Q2 24 | -15.5% | -27.2% | ||
| Q1 24 | -1.0% | -24.9% |
每股收益（稀释后）ASURTLS
| Q4 25 | — | $-0.22 | ||
| Q3 25 | $-0.19 | $-0.03 | ||
| Q2 25 | $-0.22 | $-0.13 | ||
| Q1 25 | $-0.09 | $-0.12 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $-0.15 | $-0.39 | ||
| Q2 24 | $-0.17 | $-0.11 | ||
| Q1 24 | $-0.01 | $-0.10 |
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 | $21.5M | $53.2M |
| 总债务越低越好 | $70.4M | — |
| 股东权益账面价值 | $193.1M | $96.0M |
| 总资产 | $447.1M | $139.9M |
| 负债/权益比越低杠杆越低 | 0.36× | — |
8季度趋势，按日历期对齐
现金及短期投资ASURTLS
| Q4 25 | — | $53.2M | ||
| Q3 25 | $21.5M | $59.0M | ||
| Q2 25 | $66.0M | $57.0M | ||
| Q1 25 | $14.1M | $57.8M | ||
| Q4 24 | — | $54.6M | ||
| Q3 24 | $11.2M | $69.8M | ||
| Q2 24 | $20.7M | $80.1M | ||
| Q1 24 | $23.2M | $93.9M |
总债务ASURTLS
| Q4 25 | — | — | ||
| Q3 25 | $70.4M | — | ||
| Q2 25 | $67.4M | — | ||
| Q1 25 | $14.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $7.5M | — | ||
| Q2 24 | $6.0M | — | ||
| Q1 24 | $5.3M | — |
股东权益ASURTLS
| Q4 25 | — | $96.0M | ||
| Q3 25 | $193.1M | $119.7M | ||
| Q2 25 | $194.3M | $118.4M | ||
| Q1 25 | $197.7M | $126.1M | ||
| Q4 24 | — | $127.1M | ||
| Q3 24 | $199.2M | $129.5M | ||
| Q2 24 | $195.5M | $149.1M | ||
| Q1 24 | $197.7M | $154.4M |
总资产ASURTLS
| Q4 25 | — | $139.9M | ||
| Q3 25 | $447.1M | $164.3M | ||
| Q2 25 | $505.6M | $165.0M | ||
| Q1 25 | $498.9M | $158.1M | ||
| Q4 24 | — | $158.2M | ||
| Q3 24 | $428.1M | $166.3M | ||
| Q2 24 | $420.1M | $182.4M | ||
| Q1 24 | $469.3M | $195.4M |
负债/权益比ASURTLS
| Q4 25 | — | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.03× | — |
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 | $5.8M | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $5.7M | $8.0M |
| 自由现金流率自由现金流/营收 | 15.6% | 17.0% |
| 资本支出强度资本支出/营收 | 0.3% | 0.1% |
| 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 | $11.6M | $29.4M |
8季度趋势，按日历期对齐
经营现金流ASURTLS
| Q4 25 | — | $8.0M | ||
| Q3 25 | $5.8M | $9.1M | ||
| Q2 25 | $3.2M | $7.0M | ||
| Q1 25 | $2.0M | $6.1M | ||
| Q4 24 | — | $-10.5M | ||
| Q3 24 | $1.3M | $-7.1M | ||
| Q2 24 | $2.2M | $-8.0M | ||
| Q1 24 | $-3.9M | $-350.0K |
自由现金流ASURTLS
| Q4 25 | — | $8.0M | ||
| Q3 25 | $5.7M | $8.7M | ||
| Q2 25 | $3.0M | $6.8M | ||
| Q1 25 | $1.8M | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | $1.2M | $-7.1M | ||
| Q2 24 | $2.1M | $-8.2M | ||
| Q1 24 | $-4.2M | $-447.0K |
自由现金流率ASURTLS
| Q4 25 | — | 17.0% | ||
| Q3 25 | 15.6% | 16.9% | ||
| Q2 25 | 9.8% | 19.0% | ||
| Q1 25 | 5.2% | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | 3.9% | -30.0% | ||
| Q2 24 | 7.5% | -28.9% | ||
| Q1 24 | -13.2% | -1.5% |
资本支出强度ASURTLS
| Q4 25 | — | 0.1% | ||
| Q3 25 | 0.3% | 0.9% | ||
| Q2 25 | 0.7% | 0.4% | ||
| Q1 25 | 0.6% | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 0.5% | 0.8% | ||
| Q1 24 | 0.8% | 0.3% |
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
ASUR
| Recurring | $31.8M | 88% |
| Lathem Time | $4.6M | 13% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
