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中国移动（BEEP）与Digimarc CORP（DMRC）财务数据对比。点击上方公司名可切换其他公司
Digimarc CORP的季度营收约是中国移动的1.0倍（$8.9M vs $8.8M），Digimarc CORP净利率更高（-47.2% vs -85.6%，领先38.3%），Digimarc CORP同比增速更快（2.9% vs -4.3%），过去两年中国移动的营收复合增速更高（-0.4% vs -5.3%）
中国移动通信集团是中国的国有特大型电信企业，面向中国大陆及香港地区提供移动通信服务，旗下中国移动有限公司以“中国移动”为品牌开展业务，拥有覆盖全国的移动通信网络，截至2021年6月，用户规模达9.455亿，是中国用户规模最大的移动运营商，位列福布斯全球2000强第25位。
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。
BEEP vs DMRC — 直观对比
营收规模更大
DMRC
是对方的1.0倍
$8.8M
营收增速更快
DMRC
高出7.2%
-4.3%
净利率更高
DMRC
高出38.3%
-85.6%
两年增速更快
BEEP
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8M | $8.9M |
| 净利润 | $-7.5M | $-4.2M |
| 毛利率 | — | 63.5% |
| 营业利润率 | — | -48.2% |
| 净利率 | -85.6% | -47.2% |
| 营收同比 | -4.3% | 2.9% |
| 净利润同比 | -650.5% | 51.4% |
| 每股收益（稀释后） | — | $-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BEEPDMRC
| Q4 25 | $8.8M | $8.9M | ||
| Q3 25 | $9.1M | $7.6M | ||
| Q2 25 | $9.0M | $8.0M | ||
| Q1 25 | $8.2M | $9.4M | ||
| Q4 24 | $9.2M | $8.7M | ||
| Q3 24 | $9.8M | $9.4M | ||
| Q2 24 | $9.3M | $10.4M | ||
| Q1 24 | $8.8M | $9.9M |
净利润BEEPDMRC
| Q4 25 | $-7.5M | $-4.2M | ||
| Q3 25 | $-5.8M | $-8.2M | ||
| Q2 25 | $-4.3M | $-8.2M | ||
| Q1 25 | $-3.9M | $-11.7M | ||
| Q4 24 | $-999.0K | $-8.6M | ||
| Q3 24 | $-1.3M | $-10.8M | ||
| Q2 24 | $-1.4M | $-9.3M | ||
| Q1 24 | $-2.1M | $-10.3M |
毛利率BEEPDMRC
| 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BEEPDMRC
| Q4 25 | — | -48.2% | ||
| Q3 25 | — | -109.7% | ||
| Q2 25 | — | -105.2% | ||
| Q1 25 | — | -128.9% | ||
| Q4 24 | — | -105.1% | ||
| Q3 24 | — | -120.4% | ||
| Q2 24 | — | -96.2% | ||
| Q1 24 | — | -109.2% |
净利率BEEPDMRC
| Q4 25 | -85.6% | -47.2% | ||
| Q3 25 | -63.9% | -106.9% | ||
| Q2 25 | -47.3% | -102.6% | ||
| Q1 25 | -47.2% | -125.2% | ||
| Q4 24 | -10.9% | -99.9% | ||
| Q3 24 | -13.4% | -113.9% | ||
| Q2 24 | -14.6% | -89.3% | ||
| Q1 24 | -23.8% | -104.0% |
每股收益（稀释后）BEEPDMRC
| Q4 25 | — | $-0.18 | ||
| Q3 25 | — | $-0.38 | ||
| Q2 25 | — | $-0.38 | ||
| Q1 25 | — | $-0.55 | ||
| Q4 24 | — | $-0.40 | ||
| Q3 24 | — | $-0.50 | ||
| Q2 24 | — | $-0.43 | ||
| Q1 24 | — | $-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 | $8.3M | $12.9M |
| 总债务越低越好 | $198.3M | — |
| 股东权益账面价值 | $141.3M | $40.2M |
| 总资产 | $382.5M | $53.0M |
| 负债/权益比越低杠杆越低 | 1.40× | — |
8季度趋势，按日历期对齐
现金及短期投资BEEPDMRC
| Q4 25 | $8.3M | $12.9M | ||
| Q3 25 | $6.1M | $12.6M | ||
| Q2 25 | $10.6M | $16.1M | ||
| Q1 25 | $11.6M | $21.6M | ||
| Q4 24 | $10.7M | $28.7M | ||
| Q3 24 | $8.7M | $33.7M | ||
| Q2 24 | $8.7M | $41.5M | ||
| Q1 24 | $9.1M | $48.9M |
总债务BEEPDMRC
| Q4 25 | $198.3M | — | ||
| Q3 25 | $183.3M | — | ||
| Q2 25 | $186.7M | — | ||
| Q1 25 | $187.5M | — | ||
| Q4 24 | $188.2M | — | ||
| Q3 24 | $132.8M | — | ||
| Q2 24 | $133.6M | — | ||
| Q1 24 | $134.5M | — |
股东权益BEEPDMRC
| Q4 25 | $141.3M | $40.2M | ||
| Q3 25 | $151.7M | $41.4M | ||
| Q2 25 | $160.6M | $46.5M | ||
| Q1 25 | $164.5M | $50.0M | ||
| Q4 24 | $170.0M | $61.4M | ||
| Q3 24 | $134.8M | $70.2M | ||
| Q2 24 | $107.4M | $77.2M | ||
| Q1 24 | $107.9M | $84.5M |
总资产BEEPDMRC
| Q4 25 | $382.5M | $53.0M | ||
| Q3 25 | $397.8M | $55.4M | ||
| Q2 25 | $405.6M | $60.7M | ||
| Q1 25 | $409.5M | $66.5M | ||
| Q4 24 | $415.1M | $75.8M | ||
| Q3 24 | $418.2M | $85.0M | ||
| Q2 24 | $417.1M | $93.4M | ||
| Q1 24 | $420.1M | $99.7M |
负债/权益比BEEPDMRC
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.99× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.25× | — |
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 | $848.0K | $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 | — | — |
| 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BEEPDMRC
| Q4 25 | $848.0K | $991.0K | ||
| Q3 25 | $1.2M | $-2.6M | ||
| Q2 25 | $1.8M | $-4.7M | ||
| Q1 25 | $-1.5M | $-5.5M | ||
| Q4 24 | $-784.0K | $-4.2M | ||
| Q3 24 | $0 | $-7.1M | ||
| Q2 24 | $346.0K | $-6.8M | ||
| Q1 24 | $-1.4M | $-8.4M |
自由现金流BEEPDMRC
| 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BEEPDMRC
| 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BEEPDMRC
| 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% |
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
BEEP
| Transient Parkers | $4.5M | 52% |
| Contract Parkers | $2.4M | 28% |
| Base Rent Income | $1.2M | 14% |
| Other | $607.0K | 7% |
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
