vs
CODEXIS, INC.（CDXS）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
CODEXIS, INC.的季度营收约是REDWOOD TRUST INC的1.5倍（$38.9M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs 24.7%，领先52.6%），CODEXIS, INC.同比增速更快（81.3% vs -6.1%），过去两年CODEXIS, INC.的营收复合增速更高（51.0% vs -41.0%）
科迪西斯是一家专注于蛋白质工程的企业，核心业务是开发可应用于制药、食品及医疗领域的酶制剂，依托自身技术优势为相关行业提供高性能的生物催化解决方案，助力生命科学与食品加工领域的技术升级。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
CDXS vs RWT — 直观对比
营收规模更大
CDXS
是对方的1.5倍
$25.9M
营收增速更快
CDXS
高出87.4%
-6.1%
净利率更高
RWT
高出52.6%
24.7%
两年增速更快
CDXS
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $38.9M | $25.9M |
| 净利润 | $9.6M | $20.0M |
| 毛利率 | 94.8% | — |
| 营业利润率 | 27.1% | — |
| 净利率 | 24.7% | 77.2% |
| 营收同比 | 81.3% | -6.1% |
| 净利润同比 | 192.5% | 402.6% |
| 每股收益（稀释后） | $0.13 | $0.11 |
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CDXSRWT
| Q4 25 | $38.9M | $25.9M | ||
| Q3 25 | $8.6M | $15.0M | ||
| Q2 25 | $15.3M | $13.8M | ||
| Q1 25 | $7.5M | $27.9M | ||
| Q4 24 | $21.5M | $27.6M | ||
| Q3 24 | $12.8M | $25.5M | ||
| Q2 24 | $8.0M | $67.4M | ||
| Q1 24 | $17.1M | $74.5M |
净利润CDXSRWT
| Q4 25 | $9.6M | $20.0M | ||
| Q3 25 | $-19.6M | $-7.7M | ||
| Q2 25 | $-13.3M | $-98.5M | ||
| Q1 25 | $-20.7M | $16.1M | ||
| Q4 24 | $-10.4M | $-6.6M | ||
| Q3 24 | $-20.6M | $14.8M | ||
| Q2 24 | $-22.8M | $15.5M | ||
| Q1 24 | $-11.5M | $30.3M |
毛利率CDXSRWT
| Q4 25 | 94.8% | — | ||
| Q3 25 | 71.3% | — | ||
| Q2 25 | 86.3% | — | ||
| Q1 25 | 63.8% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 66.4% | — | ||
| Q2 24 | 56.6% | — | ||
| Q1 24 | 71.6% | — |
营业利润率CDXSRWT
| Q4 25 | 27.1% | — | ||
| Q3 25 | -220.3% | -9.0% | ||
| Q2 25 | -83.9% | -679.0% | ||
| Q1 25 | -271.6% | 80.2% | ||
| Q4 24 | -34.2% | -1.3% | ||
| Q3 24 | -129.0% | 86.1% | ||
| Q2 24 | -284.9% | 30.3% | ||
| Q1 24 | -69.6% | 41.3% |
净利率CDXSRWT
| Q4 25 | 24.7% | 77.2% | ||
| Q3 25 | -228.1% | -51.4% | ||
| Q2 25 | -86.6% | -712.0% | ||
| Q1 25 | -274.3% | 57.8% | ||
| Q4 24 | -48.4% | -24.0% | ||
| Q3 24 | -160.8% | 58.1% | ||
| Q2 24 | -285.2% | 23.0% | ||
| Q1 24 | -67.4% | 40.6% |
每股收益（稀释后）CDXSRWT
| Q4 25 | $0.13 | $0.11 | ||
| Q3 25 | $-0.22 | $-0.08 | ||
| Q2 25 | $-0.16 | $-0.76 | ||
| Q1 25 | $-0.25 | $0.10 | ||
| Q4 24 | $-0.12 | $-0.08 | ||
| Q3 24 | $-0.29 | $0.09 | ||
| Q2 24 | $-0.32 | $0.10 | ||
| Q1 24 | $-0.16 | $0.21 |
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 | $78.2M | $255.7M |
| 总债务越低越好 | $40.1M | — |
| 股东权益账面价值 | $50.5M | $982.6M |
| 总资产 | $147.8M | $23.7B |
| 负债/权益比越低杠杆越低 | 0.79× | — |
8季度趋势，按日历期对齐
现金及短期投资CDXSRWT
| Q4 25 | $78.2M | $255.7M | ||
| Q3 25 | $58.7M | $226.3M | ||
| Q2 25 | $66.3M | $302.0M | ||
| Q1 25 | $59.8M | $259.9M | ||
| Q4 24 | $73.5M | $245.2M | ||
| Q3 24 | $90.3M | $253.7M | ||
| Q2 24 | $73.2M | $275.6M | ||
| Q1 24 | $85.5M | $275.4M |
总债务CDXSRWT
| Q4 25 | $40.1M | — | ||
| Q3 25 | $39.7M | — | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $29.2M | — | ||
| Q4 24 | $28.9M | — | ||
| Q3 24 | $28.6M | — | ||
| Q2 24 | $28.4M | — | ||
| Q1 24 | $28.1M | $1.7B |
股东权益CDXSRWT
| Q4 25 | $50.5M | $982.6M | ||
| Q3 25 | $38.5M | $999.0M | ||
| Q2 25 | $55.6M | $1.1B | ||
| Q1 25 | $49.6M | $1.2B | ||
| Q4 24 | $66.9M | $1.2B | ||
| Q3 24 | $73.4M | $1.2B | ||
| Q2 24 | $61.4M | $1.2B | ||
| Q1 24 | $79.3M | $1.2B |
总资产CDXSRWT
| Q4 25 | $147.8M | $23.7B | ||
| Q3 25 | $124.0M | $22.6B | ||
| Q2 25 | $138.2M | $21.3B | ||
| Q1 25 | $128.9M | $19.9B | ||
| Q4 24 | $149.0M | $18.3B | ||
| Q3 24 | $148.2M | $18.4B | ||
| Q2 24 | $132.0M | $16.5B | ||
| Q1 24 | $149.6M | $15.1B |
负债/权益比CDXSRWT
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.35× | 1.39× |
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 | $20.1M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $19.6M | — |
| 自由现金流率自由现金流/营收 | 50.3% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 2.09× | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-23.8M | — |
8季度趋势，按日历期对齐
经营现金流CDXSRWT
| Q4 25 | $20.1M | $-10.1B | ||
| Q3 25 | $-7.7M | $-2.7B | ||
| Q2 25 | $-18.0M | $-2.1B | ||
| Q1 25 | $-13.8M | $-2.0B | ||
| Q4 24 | $-16.5M | $-5.9B | ||
| Q3 24 | $-13.0M | $-2.1B | ||
| Q2 24 | $-12.2M | $-2.0B | ||
| Q1 24 | $-7.8M | $-954.2M |
自由现金流CDXSRWT
| Q4 25 | $19.6M | — | ||
| Q3 25 | $-7.9M | — | ||
| Q2 25 | $-20.5M | — | ||
| Q1 25 | $-15.1M | — | ||
| Q4 24 | $-18.2M | — | ||
| Q3 24 | $-14.0M | — | ||
| Q2 24 | $-12.6M | — | ||
| Q1 24 | $-8.9M | — |
自由现金流率CDXSRWT
| Q4 25 | 50.3% | — | ||
| Q3 25 | -91.7% | — | ||
| Q2 25 | -133.6% | — | ||
| Q1 25 | -199.6% | — | ||
| Q4 24 | -85.0% | — | ||
| Q3 24 | -109.0% | — | ||
| Q2 24 | -157.5% | — | ||
| Q1 24 | -52.2% | — |
资本支出强度CDXSRWT
| Q4 25 | 1.3% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | 6.6% | — |
现金转化率CDXSRWT
| Q4 25 | 2.09× | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
