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永明金融（CFFI）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的季度营收约是永明金融的1.7倍（$62.4M vs $35.9M），永明金融净利率更高（18.7% vs -0.1%，领先18.8%），PDF SOLUTIONS INC同比增速更快（24.6% vs 12.0%），永明金融自由现金流更多（$22.2M vs $7.5M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 8.2%）
永明金融是一家总部位于加拿大安大略省多伦多市的金融服务公司，创立于1865年，业务遍及全球，主要提供人寿保险、财富管理以及资产管理服务。截至2024年，公司管理资产规模超过1.3万亿加元，服务网络覆盖加拿大、美国、亚洲及多个其他市场。
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。
CFFI vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.7倍
$35.9M
营收增速更快
PDFS
高出12.6%
12.0%
净利率更高
CFFI
高出18.8%
-0.1%
自由现金流更多
CFFI
多$14.6M
$7.5M
两年增速更快
PDFS
近两年复合增速
8.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $35.9M | $62.4M |
| 净利润 | $6.7M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | 22.6% | 5.5% |
| 净利率 | 18.7% | -0.1% |
| 营收同比 | 12.0% | 24.6% |
| 净利润同比 | 11.0% | -108.9% |
| 每股收益（稀释后） | $2.08 | $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CFFIPDFS
| Q4 25 | $35.9M | $62.4M | ||
| Q3 25 | $36.0M | $57.1M | ||
| Q2 25 | $36.4M | $51.7M | ||
| Q1 25 | $32.6M | $47.8M | ||
| Q4 24 | $32.0M | $50.1M | ||
| Q3 24 | $33.5M | $46.4M | ||
| Q2 24 | $31.2M | $41.7M | ||
| Q1 24 | $30.6M | $41.3M |
净利润CFFIPDFS
| Q4 25 | $6.7M | $-48.0K | ||
| Q3 25 | $7.1M | $1.3M | ||
| Q2 25 | $7.7M | $1.1M | ||
| Q1 25 | $5.4M | $-3.0M | ||
| Q4 24 | $6.0M | $539.0K | ||
| Q3 24 | $5.4M | $2.2M | ||
| Q2 24 | $5.0M | $1.7M | ||
| Q1 24 | $3.4M | $-393.0K |
毛利率CFFIPDFS
| 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CFFIPDFS
| Q4 25 | 22.6% | 5.5% | ||
| Q3 25 | 24.5% | 8.5% | ||
| Q2 25 | 26.5% | 2.2% | ||
| Q1 25 | 20.0% | -7.4% | ||
| Q4 24 | 22.6% | 1.0% | ||
| Q3 24 | 19.9% | 4.6% | ||
| Q2 24 | 20.0% | 0.6% | ||
| Q1 24 | 13.1% | -4.7% |
净利率CFFIPDFS
| Q4 25 | 18.7% | -0.1% | ||
| Q3 25 | 19.6% | 2.3% | ||
| Q2 25 | 21.2% | 2.2% | ||
| Q1 25 | 16.5% | -6.3% | ||
| Q4 24 | 18.8% | 1.1% | ||
| Q3 24 | 16.1% | 4.8% | ||
| Q2 24 | 16.1% | 4.1% | ||
| Q1 24 | 11.1% | -1.0% |
每股收益（稀释后）CFFIPDFS
| Q4 25 | $2.08 | $0.00 | ||
| Q3 25 | $2.18 | $0.03 | ||
| Q2 25 | $2.37 | $0.03 | ||
| Q1 25 | $1.66 | $-0.08 | ||
| Q4 24 | $1.85 | $0.01 | ||
| Q3 24 | $1.65 | $0.06 | ||
| Q2 24 | $1.50 | $0.04 | ||
| Q1 24 | $1.01 | $-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 | — | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $261.8M | $271.0M |
| 总资产 | $2.8B | $418.7M |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资CFFIPDFS
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $35.9M | ||
| Q2 25 | — | $40.4M | ||
| Q1 25 | — | $54.1M | ||
| Q4 24 | — | $114.9M | ||
| Q3 24 | — | $120.2M | ||
| Q2 24 | — | $117.9M | ||
| Q1 24 | — | $122.9M |
总债务CFFIPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CFFIPDFS
| Q4 25 | $261.8M | $271.0M | ||
| Q3 25 | $253.3M | $264.4M | ||
| Q2 25 | $240.3M | $257.5M | ||
| Q1 25 | $234.6M | $249.0M | ||
| Q4 24 | $226.4M | $246.0M | ||
| Q3 24 | $227.3M | $240.5M | ||
| Q2 24 | $218.5M | $232.2M | ||
| Q1 24 | $216.3M | $225.4M |
总资产CFFIPDFS
| Q4 25 | $2.8B | $418.7M | ||
| Q3 25 | $2.7B | $406.4M | ||
| Q2 25 | $2.7B | $391.1M | ||
| Q1 25 | $2.6B | $390.0M | ||
| Q4 24 | $2.6B | $315.3M | ||
| Q3 24 | $2.6B | $307.4M | ||
| Q2 24 | $2.5B | $298.0M | ||
| Q1 24 | $2.5B | $286.8M |
负债/权益比CFFIPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 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 | $24.5M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $22.2M | $7.5M |
| 自由现金流率自由现金流/营收 | 61.8% | 12.1% |
| 资本支出强度资本支出/营收 | 6.5% | 15.7% |
| 现金转化率经营现金流/净利润 | 3.65× | — |
| 过去12个月自由现金流最近4个季度 | $42.8M | $-8.6M |
8季度趋势，按日历期对齐
经营现金流CFFIPDFS
| Q4 25 | $24.5M | $17.3M | ||
| Q3 25 | $23.4M | $3.3M | ||
| Q2 25 | $-4.4M | $-5.2M | ||
| Q1 25 | $3.2M | $8.6M | ||
| Q4 24 | $36.8M | $1.6M | ||
| Q3 24 | $404.0K | $9.3M | ||
| Q2 24 | $1.7M | $684.0K | ||
| Q1 24 | $895.0K | $-1.9M |
自由现金流CFFIPDFS
| Q4 25 | $22.2M | $7.5M | ||
| Q3 25 | $22.7M | $-2.9M | ||
| Q2 25 | $-5.0M | $-13.8M | ||
| Q1 25 | $2.9M | $535.0K | ||
| Q4 24 | $33.3M | $-4.0M | ||
| Q3 24 | $-1.6M | $5.1M | ||
| Q2 24 | $1.2M | $-4.6M | ||
| Q1 24 | $410.0K | $-3.9M |
自由现金流率CFFIPDFS
| Q4 25 | 61.8% | 12.1% | ||
| Q3 25 | 63.0% | -5.1% | ||
| Q2 25 | -13.6% | -26.6% | ||
| Q1 25 | 9.0% | 1.1% | ||
| Q4 24 | 103.8% | -8.0% | ||
| Q3 24 | -4.9% | 11.0% | ||
| Q2 24 | 3.7% | -11.1% | ||
| Q1 24 | 1.3% | -9.4% |
资本支出强度CFFIPDFS
| Q4 25 | 6.5% | 15.7% | ||
| Q3 25 | 2.1% | 10.8% | ||
| Q2 25 | 1.6% | 16.5% | ||
| Q1 25 | 0.8% | 17.0% | ||
| Q4 24 | 10.9% | 11.3% | ||
| Q3 24 | 6.1% | 9.0% | ||
| Q2 24 | 1.7% | 12.8% | ||
| Q1 24 | 1.6% | 4.9% |
现金转化率CFFIPDFS
| Q4 25 | 3.65× | — | ||
| Q3 25 | 3.31× | 2.54× | ||
| Q2 25 | -0.57× | -4.55× | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 6.09× | 2.98× | ||
| Q3 24 | 0.07× | 4.20× | ||
| Q2 24 | 0.34× | 0.40× | ||
| Q1 24 | 0.26× | — |
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
CFFI
| Community Banking | $25.9M | 72% |
| Consumer Finance Segment | $7.0M | 19% |
| Mortgage Banking Segment | $1.9M | 5% |
| Other | $1.1M | 3% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
