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BGSF, INC.（BGSF）与FiscalNote Holdings, Inc.（NOTE）财务数据对比。点击上方公司名可切换其他公司
FiscalNote Holdings, Inc.的季度营收约是BGSF, INC.的1.0倍（$22.2M vs $22.0M），BGSF, INC.同比增速更快（-9.4% vs -24.7%），BGSF, INC.自由现金流更多（$1.7M vs $-1.9M），过去两年BGSF, INC.的营收复合增速更高（-5.3% vs -16.8%）
BGSF Inc.是一家总部位于美国的领先人力资源解决方案提供商，提供定制化人员派遣、人才招聘和全流程劳动力管理服务，覆盖信息技术、医疗健康、专业行政、轻工业、创意产业等核心领域，服务北美各规模的企业客户。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
BGSF vs NOTE — 直观对比
营收规模更大
NOTE
是对方的1.0倍
$22.0M
营收增速更快
BGSF
高出15.3%
-24.7%
自由现金流更多
BGSF
多$3.6M
$-1.9M
两年增速更快
BGSF
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $22.0M | $22.2M |
| 净利润 | $-1.2M | — |
| 毛利率 | 35.0% | — |
| 营业利润率 | -17.6% | -83.7% |
| 净利率 | -5.3% | — |
| 营收同比 | -9.4% | -24.7% |
| 净利润同比 | -18.2% | — |
| 每股收益（稀释后） | $-0.12 | $-2.81 |
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BGSFNOTE
| Q4 25 | $22.0M | $22.2M | ||
| Q3 25 | $26.9M | $22.4M | ||
| Q2 25 | $23.5M | $23.3M | ||
| Q1 25 | $20.9M | $27.5M | ||
| Q4 24 | $24.3M | $29.5M | ||
| Q3 24 | $29.8M | $29.4M | ||
| Q2 24 | $25.7M | $29.2M | ||
| Q1 24 | $24.5M | $32.1M |
净利润BGSFNOTE
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-5.8M | $-24.9M | ||
| Q2 25 | $-3.7M | $-13.3M | ||
| Q1 25 | $-722.0K | $-4.3M | ||
| Q4 24 | $-981.0K | — | ||
| Q3 24 | $-804.0K | $-14.9M | ||
| Q2 24 | $-761.0K | $-12.8M | ||
| Q1 24 | $-792.0K | $50.6M |
毛利率BGSFNOTE
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.1% | — |
营业利润率BGSFNOTE
| Q4 25 | -17.6% | -83.7% | ||
| Q3 25 | -3.5% | -43.4% | ||
| Q2 25 | -18.8% | -31.9% | ||
| Q1 25 | 1.6% | -50.0% | ||
| Q4 24 | -15.7% | -19.4% | ||
| Q3 24 | -3.4% | -23.1% | ||
| Q2 24 | -5.7% | -27.2% | ||
| Q1 24 | 1.7% | -35.6% |
净利率BGSFNOTE
| Q4 25 | -5.3% | — | ||
| Q3 25 | -21.6% | -110.8% | ||
| Q2 25 | -15.9% | -57.0% | ||
| Q1 25 | -3.5% | -15.4% | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -2.7% | -50.7% | ||
| Q2 24 | -3.0% | -43.6% | ||
| Q1 24 | -3.2% | 157.6% |
每股收益（稀释后）BGSFNOTE
| Q4 25 | $-0.12 | $-2.81 | ||
| Q3 25 | $-0.52 | $-1.73 | ||
| Q2 25 | $-0.34 | $-0.08 | ||
| Q1 25 | $-0.06 | $-0.03 | ||
| Q4 24 | — | $1.88 | ||
| Q3 24 | $-0.07 | $-1.33 | ||
| Q2 24 | $-0.07 | $-0.09 | ||
| Q1 24 | — | $0.37 |
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 | — | $26.3M |
| 总债务越低越好 | — | $128.4M |
| 股东权益账面价值 | $48.1M | $62.0M |
| 总资产 | $57.8M | $255.1M |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资BGSFNOTE
| Q4 25 | — | $26.3M | ||
| Q3 25 | $41.2M | $31.2M | ||
| Q2 25 | $2.8M | $38.5M | ||
| Q1 25 | $2.0M | $46.3M | ||
| Q4 24 | $32.0K | $34.6M | ||
| Q3 24 | $262 | $32.7M | ||
| Q2 24 | $226 | $37.7M | ||
| Q1 24 | $50 | $43.6M |
总债务BGSFNOTE
| Q4 25 | — | $128.4M | ||
| Q3 25 | — | $131.5M | ||
| Q2 25 | — | $116.7M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $147.1M | ||
| Q3 24 | — | $152.2M | ||
| Q2 24 | — | $145.9M | ||
| Q1 24 | — | $153.0M |
股东权益BGSFNOTE
| Q4 25 | $48.1M | $62.0M | ||
| Q3 25 | $50.7M | $75.5M | ||
| Q2 25 | $78.3M | $95.1M | ||
| Q1 25 | $81.8M | $98.7M | ||
| Q4 24 | $82.3M | $97.8M | ||
| Q3 24 | $82.9M | $98.5M | ||
| Q2 24 | $83.2M | $106.9M | ||
| Q1 24 | $83.6M | $106.1M |
总资产BGSFNOTE
| Q4 25 | $57.8M | $255.1M | ||
| Q3 25 | $83.6M | $273.9M | ||
| Q2 25 | $149.7M | $288.3M | ||
| Q1 25 | $152.3M | $299.7M | ||
| Q4 24 | $150.1M | $326.2M | ||
| Q3 24 | $157.3K | $337.9M | ||
| Q2 24 | $159.8K | $346.3M | ||
| Q1 24 | $170.6K | $357.8M |
负债/权益比BGSFNOTE
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.44× |
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 | $1.7M | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | $1.7M | $-1.9M |
| 自由现金流率自由现金流/营收 | 7.6% | -8.7% |
| 资本支出强度资本支出/营收 | 0.1% | 7.4% |
| 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 | $-16.0K | $-18.6M |
8季度趋势，按日历期对齐
经营现金流BGSFNOTE
| Q4 25 | $1.7M | $-279.0K | ||
| Q3 25 | $-4.8M | $-8.3M | ||
| Q2 25 | $2.2M | $-6.2M | ||
| Q1 25 | $1.1M | $3.3M | ||
| Q4 24 | $3.2M | $-1.3M | ||
| Q3 24 | $6.5M | $-3.0M | ||
| Q2 24 | $7.3M | $-3.7M | ||
| Q1 24 | $7.4M | $2.7M |
自由现金流BGSFNOTE
| Q4 25 | $1.7M | $-1.9M | ||
| Q3 25 | $-4.9M | $-10.4M | ||
| Q2 25 | $2.1M | $-7.7M | ||
| Q1 25 | $1.0M | $1.3M | ||
| Q4 24 | $2.5M | $-3.4M | ||
| Q3 24 | $6.5M | $-5.4M | ||
| Q2 24 | $7.3M | $-6.5M | ||
| Q1 24 | $6.9M | $1.0M |
自由现金流率BGSFNOTE
| Q4 25 | 7.6% | -8.7% | ||
| Q3 25 | -18.1% | -46.2% | ||
| Q2 25 | 9.1% | -33.0% | ||
| Q1 25 | 5.0% | 4.7% | ||
| Q4 24 | 10.2% | -11.4% | ||
| Q3 24 | 21.7% | -18.4% | ||
| Q2 24 | 28.5% | -22.1% | ||
| Q1 24 | 28.1% | 3.3% |
资本支出强度BGSFNOTE
| Q4 25 | 0.1% | 7.4% | ||
| Q3 25 | 0.4% | 9.3% | ||
| Q2 25 | 0.0% | 6.4% | ||
| Q1 25 | 0.1% | 7.2% | ||
| Q4 24 | 3.0% | 6.8% | ||
| Q3 24 | 0.0% | 8.3% | ||
| Q2 24 | 0.0% | 9.4% | ||
| Q1 24 | 2.0% | 5.3% |
现金转化率BGSFNOTE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
