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CADIZ INC（CDZI）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CADIZ INC的1.8倍（$8.9M vs $5.1M），CADIZ INC同比增速更快（7.0% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-8.2M），过去两年CADIZ INC的营收复合增速更高（113.0% vs -5.3%）
Cadiz Inc是一家总部位于美国的自然资源与可持续发展企业，核心业务包括水资源管理、农业用地运营及可再生能源项目开发，主要在加利福尼亚州开展业务，为市政、农业及商业客户提供稳定的供水解决方案与土地管护服务。
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。
CDZI vs DMRC — 直观对比
营收规模更大
DMRC
是对方的1.8倍
$5.1M
营收增速更快
CDZI
高出4.1%
2.9%
自由现金流更多
DMRC
多$9.1M
$-8.2M
两年增速更快
CDZI
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1M | $8.9M |
| 净利润 | — | $-4.2M |
| 毛利率 | 33.0% | 63.5% |
| 营业利润率 | -145.4% | -48.2% |
| 净利率 | — | -47.2% |
| 营收同比 | 7.0% | 2.9% |
| 净利润同比 | — | 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CDZIDMRC
| Q4 25 | $5.1M | $8.9M | ||
| Q3 25 | $4.1M | $7.6M | ||
| Q2 25 | $4.1M | $8.0M | ||
| Q1 25 | $3.0M | $9.4M | ||
| Q4 24 | $4.8M | $8.7M | ||
| Q3 24 | $3.2M | $9.4M | ||
| Q2 24 | $513.0K | $10.4M | ||
| Q1 24 | $1.1M | $9.9M |
净利润CDZIDMRC
| Q4 25 | — | $-4.2M | ||
| Q3 25 | $-7.1M | $-8.2M | ||
| Q2 25 | $-7.7M | $-8.2M | ||
| Q1 25 | $-9.6M | $-11.7M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | $-6.8M | $-10.8M | ||
| Q2 24 | $-8.9M | $-9.3M | ||
| Q1 24 | $-6.8M | $-10.3M |
毛利率CDZIDMRC
| Q4 25 | 33.0% | 63.5% | ||
| Q3 25 | 27.3% | 58.3% | ||
| Q2 25 | 35.4% | 58.8% | ||
| Q1 25 | 29.7% | 65.0% | ||
| Q4 24 | 36.1% | 60.8% | ||
| Q3 24 | 25.3% | 62.4% | ||
| Q2 24 | — | 66.1% | ||
| Q1 24 | 10.4% | 62.5% |
营业利润率CDZIDMRC
| Q4 25 | -145.4% | -48.2% | ||
| Q3 25 | -118.0% | -109.7% | ||
| Q2 25 | -140.0% | -105.2% | ||
| Q1 25 | -255.0% | -128.9% | ||
| Q4 24 | -139.5% | -105.1% | ||
| Q3 24 | -147.9% | -120.4% | ||
| Q2 24 | -1354.6% | -96.2% | ||
| Q1 24 | -437.8% | -109.2% |
净利率CDZIDMRC
| Q4 25 | — | -47.2% | ||
| Q3 25 | -170.5% | -106.9% | ||
| Q2 25 | -187.3% | -102.6% | ||
| Q1 25 | -324.7% | -125.2% | ||
| Q4 24 | — | -99.9% | ||
| Q3 24 | -210.7% | -113.9% | ||
| Q2 24 | -1729.4% | -89.3% | ||
| Q1 24 | -611.1% | -104.0% |
每股收益（稀释后）CDZIDMRC
| 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 | $8.6M | $12.9M |
| 总债务越低越好 | $72.7M | — |
| 股东权益账面价值 | $23.3M | $40.2M |
| 总资产 | $140.9M | $53.0M |
| 负债/权益比越低杠杆越低 | 3.13× | — |
8季度趋势，按日历期对齐
现金及短期投资CDZIDMRC
| Q4 25 | $8.6M | $12.9M | ||
| Q3 25 | $4.4M | $12.6M | ||
| Q2 25 | $13.2M | $16.1M | ||
| Q1 25 | $21.6M | $21.6M | ||
| Q4 24 | $17.3M | $28.7M | ||
| Q3 24 | $3.3M | $33.7M | ||
| Q2 24 | $10.1M | $41.5M | ||
| Q1 24 | $19.2M | $48.9M |
总债务CDZIDMRC
| Q4 25 | $72.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $56.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CDZIDMRC
| Q4 25 | $23.3M | $40.2M | ||
| Q3 25 | $27.7M | $41.4M | ||
| Q2 25 | $35.6M | $46.5M | ||
| Q1 25 | $44.0M | $50.0M | ||
| Q4 24 | $34.0M | $61.4M | ||
| Q3 24 | $20.7M | $70.2M | ||
| Q2 24 | $27.6M | $77.2M | ||
| Q1 24 | $36.6M | $84.5M |
总资产CDZIDMRC
| Q4 25 | $140.9M | $53.0M | ||
| Q3 25 | $128.0M | $55.4M | ||
| Q2 25 | $136.4M | $60.7M | ||
| Q1 25 | $145.6M | $66.5M | ||
| Q4 24 | $134.5M | $75.8M | ||
| Q3 24 | $112.6M | $85.0M | ||
| Q2 24 | $118.1M | $93.4M | ||
| Q1 24 | $118.1M | $99.7M |
负债/权益比CDZIDMRC
| Q4 25 | 3.13× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.67× | — | ||
| 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 | $-6.9M | $991.0K |
| 自由现金流经营现金流 - 资本支出 | $-8.2M | $895.0K |
| 自由现金流率自由现金流/营收 | -162.2% | 10.0% |
| 资本支出强度资本支出/营收 | 26.1% | 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 | $-26.5M | $-12.3M |
8季度趋势，按日历期对齐
经营现金流CDZIDMRC
| Q4 25 | $-6.9M | $991.0K | ||
| Q3 25 | $-7.0M | $-2.6M | ||
| Q2 25 | $-1.4M | $-4.7M | ||
| Q1 25 | $-3.6M | $-5.5M | ||
| Q4 24 | $-6.2M | $-4.2M | ||
| Q3 24 | $-5.4M | $-7.1M | ||
| Q2 24 | $-7.1M | $-6.8M | ||
| Q1 24 | $-2.9M | $-8.4M |
自由现金流CDZIDMRC
| Q4 25 | $-8.2M | $895.0K | ||
| Q3 25 | $-7.5M | $-2.8M | ||
| Q2 25 | $-5.9M | $-4.9M | ||
| Q1 25 | $-4.9M | $-5.5M | ||
| Q4 24 | $-6.6M | $-4.2M | ||
| Q3 24 | $-5.4M | $-7.2M | ||
| Q2 24 | $-7.3M | $-6.9M | ||
| Q1 24 | $-3.1M | $-8.5M |
自由现金流率CDZIDMRC
| Q4 25 | -162.2% | 10.0% | ||
| Q3 25 | -179.8% | -36.9% | ||
| Q2 25 | -142.2% | -61.0% | ||
| Q1 25 | -167.0% | -59.1% | ||
| Q4 24 | -139.4% | -49.1% | ||
| Q3 24 | -168.8% | -75.7% | ||
| Q2 24 | -1431.6% | -66.1% | ||
| Q1 24 | -272.9% | -85.8% |
资本支出强度CDZIDMRC
| Q4 25 | 26.1% | 1.1% | ||
| Q3 25 | 10.8% | 2.9% | ||
| Q2 25 | 109.3% | 2.5% | ||
| Q1 25 | 43.6% | 0.6% | ||
| Q4 24 | 8.7% | 0.2% | ||
| Q3 24 | 1.7% | 0.7% | ||
| Q2 24 | 54.8% | 0.3% | ||
| Q1 24 | 16.6% | 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
CDZI
| Water Treatment | $4.4M | 86% |
| Other | $724.0K | 14% |
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
