vs
Burford Capital Ltd（BUR）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Burford Capital Ltd的1.9倍（$62.4M vs $33.4M），PDF SOLUTIONS INC净利率更高（-0.1% vs -112.2%，领先112.1%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-29.3M）
伯福德资本成立于2009年，是一家面向法律市场的专业金融服务提供商，总部位于根西岛，业务覆盖全球。该公司为企业法务部门、律师事务所的诉讼、仲裁、资产追回等相关法律活动提供资金支持，同时也提供配套的法律金融咨询服务。
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。
BUR vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.9倍
$33.4M
净利率更高
PDFS
高出112.1%
-112.2%
自由现金流更多
PDFS
多$36.8M
$-29.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $33.4M | $62.4M |
| 净利润 | $-37.5M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | -37.9% | 5.5% |
| 净利率 | -112.2% | -0.1% |
| 营收同比 | — | 24.6% |
| 净利润同比 | — | -108.9% |
| 每股收益（稀释后） | $-0.16 | $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BURPDFS
| Q4 25 | $33.4M | $62.4M | ||
| Q3 25 | $69.8M | $57.1M | ||
| Q2 25 | $191.3M | $51.7M | ||
| Q1 25 | $118.9M | $47.8M | ||
| Q4 24 | — | $50.1M | ||
| Q3 24 | $159.7M | $46.4M | ||
| Q2 24 | $44.3M | $41.7M | ||
| Q1 24 | — | $41.3M |
净利润BURPDFS
| Q4 25 | $-37.5M | $-48.0K | ||
| Q3 25 | $-19.2M | $1.3M | ||
| Q2 25 | $88.3M | $1.1M | ||
| Q1 25 | $30.9M | $-3.0M | ||
| Q4 24 | — | $539.0K | ||
| Q3 24 | $53.7M | $2.2M | ||
| Q2 24 | $-29.9M | $1.7M | ||
| Q1 24 | — | $-393.0K |
毛利率BURPDFS
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 72.9% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 67.3% |
营业利润率BURPDFS
| Q4 25 | -37.9% | 5.5% | ||
| Q3 25 | 35.5% | 8.5% | ||
| Q2 25 | 74.3% | 2.2% | ||
| Q1 25 | 65.4% | -7.4% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 76.1% | 4.6% | ||
| Q2 24 | 32.0% | 0.6% | ||
| Q1 24 | — | -4.7% |
净利率BURPDFS
| Q4 25 | -112.2% | -0.1% | ||
| Q3 25 | -27.4% | 2.3% | ||
| Q2 25 | 46.2% | 2.2% | ||
| Q1 25 | 26.0% | -6.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 33.7% | 4.8% | ||
| Q2 24 | -67.6% | 4.1% | ||
| Q1 24 | — | -1.0% |
每股收益（稀释后）BURPDFS
| Q4 25 | $-0.16 | $0.00 | ||
| Q3 25 | $-0.09 | $0.03 | ||
| Q2 25 | $0.39 | $0.03 | ||
| Q1 25 | $0.14 | $-0.08 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | $0.24 | $0.06 | ||
| Q2 24 | $-0.14 | $0.04 | ||
| Q1 24 | — | $-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 | $943.5M | $42.2M |
| 总债务越低越好 | $2.1B | $67.0M |
| 股东权益账面价值 | $2.4B | $271.0M |
| 总资产 | $6.6B | $418.7M |
| 负债/权益比越低杠杆越低 | 0.87× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资BURPDFS
| Q4 25 | $943.5M | $42.2M | ||
| Q3 25 | $677.7M | $35.9M | ||
| Q2 25 | $372.2M | $40.4M | ||
| Q1 25 | $486.6M | $54.1M | ||
| Q4 24 | — | $114.9M | ||
| Q3 24 | — | $120.2M | ||
| Q2 24 | — | $117.9M | ||
| Q1 24 | — | $122.9M |
总债务BURPDFS
| Q4 25 | $2.1B | $67.0M | ||
| Q3 25 | $2.1B | $67.6M | ||
| Q2 25 | $1.8B | $68.1M | ||
| Q1 25 | $1.8B | $68.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BURPDFS
| Q4 25 | $2.4B | $271.0M | ||
| Q3 25 | $2.5B | $264.4M | ||
| Q2 25 | $2.5B | $257.5M | ||
| Q1 25 | $2.4B | $249.0M | ||
| Q4 24 | — | $246.0M | ||
| Q3 24 | $3.2B | $240.5M | ||
| Q2 24 | $3.1B | $232.2M | ||
| Q1 24 | — | $225.4M |
总资产BURPDFS
| Q4 25 | $6.6B | $418.7M | ||
| Q3 25 | $6.7B | $406.4M | ||
| Q2 25 | $6.3B | $391.1M | ||
| Q1 25 | $6.2B | $390.0M | ||
| Q4 24 | — | $315.3M | ||
| Q3 24 | — | $307.4M | ||
| Q2 24 | — | $298.0M | ||
| Q1 24 | — | $286.8M |
负债/权益比BURPDFS
| Q4 25 | 0.87× | 0.25× | ||
| Q3 25 | 0.86× | 0.26× | ||
| Q2 25 | 0.71× | 0.26× | ||
| Q1 25 | 0.72× | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $-29.0M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-29.3M | $7.5M |
| 自由现金流率自由现金流/营收 | -87.7% | 12.1% |
| 资本支出强度资本支出/营收 | 0.8% | 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 | $21.4M | $-8.6M |
8季度趋势，按日历期对齐
经营现金流BURPDFS
| Q4 25 | $-29.0M | $17.3M | ||
| Q3 25 | $-20.1M | $3.3M | ||
| Q2 25 | $-84.2M | $-5.2M | ||
| Q1 25 | $155.2M | $8.6M | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | $-97.4M | $9.3M | ||
| Q2 24 | $53.0M | $684.0K | ||
| Q1 24 | — | $-1.9M |
自由现金流BURPDFS
| Q4 25 | $-29.3M | $7.5M | ||
| Q3 25 | $-20.1M | $-2.9M | ||
| Q2 25 | $-84.3M | $-13.8M | ||
| Q1 25 | $155.1M | $535.0K | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | $-97.4M | $5.1M | ||
| Q2 24 | $52.9M | $-4.6M | ||
| Q1 24 | — | $-3.9M |
自由现金流率BURPDFS
| Q4 25 | -87.7% | 12.1% | ||
| Q3 25 | -28.8% | -5.1% | ||
| Q2 25 | -44.1% | -26.6% | ||
| Q1 25 | 130.5% | 1.1% | ||
| Q4 24 | — | -8.0% | ||
| Q3 24 | -61.0% | 11.0% | ||
| Q2 24 | 119.5% | -11.1% | ||
| Q1 24 | — | -9.4% |
资本支出强度BURPDFS
| Q4 25 | 0.8% | 15.7% | ||
| Q3 25 | 0.1% | 10.8% | ||
| Q2 25 | 0.1% | 16.5% | ||
| Q1 25 | 0.0% | 17.0% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | 0.0% | 9.0% | ||
| Q2 24 | 0.1% | 12.8% | ||
| Q1 24 | — | 4.9% |
现金转化率BURPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | -0.95× | -4.55× | ||
| Q1 25 | 5.02× | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | -1.81× | 4.20× | ||
| Q2 24 | — | 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
BUR
| Principal Finance Segment | $29.1M | 87% |
| Other | $3.5M | 10% |
| Management Fee Income | $878.0K | 3% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
