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Cellebrite DI Ltd.（CLBT）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是Cellebrite DI Ltd.的2.3倍（$685.8M vs $292.2M）。PTC Inc.净利率更高（24.3% vs -103.5%，领先127.7%）。PTC Inc.自由现金流更多（$267.4M vs $60.8M）。过去两年Cellebrite DI Ltd.的营收复合增速更高（72.8% vs 6.6%）
Cellebrite DI Ltd.是一家总部位于以色列佩塔提克瓦的数字取证企业，为执法机构、企业及服务供应商提供数字数据的采集、审阅、分析与管理工具，旗下核心产品系列为Cellebrite UFED。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
CLBT vs PTC — 直观对比
营收规模更大
PTC
是对方的2.3倍
$292.2M
净利率更高
PTC
高出127.7%
-103.5%
自由现金流更多
PTC
多$206.6M
$60.8M
两年增速更快
CLBT
近两年复合增速
6.6%
损益表 — Q3 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $292.2M | $685.8M |
| 净利润 | $-302.3M | $166.5M |
| 毛利率 | 84.6% | 82.8% |
| 营业利润率 | 14.1% | 32.2% |
| 净利率 | -103.5% | 24.3% |
| 营收同比 | — | 21.4% |
| 净利润同比 | — | 102.5% |
| 每股收益（稀释后） | $-1.50 | $1.39 |
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CLBTPTC
| Q4 25 | — | $685.8M | ||
| Q3 25 | $292.2M | $893.8M | ||
| Q2 25 | $220.8M | $643.9M | ||
| Q1 25 | $89.6M | $636.4M | ||
| Q4 24 | — | $565.1M | ||
| Q3 24 | $232.1M | $626.5M | ||
| Q2 24 | $185.3M | $518.6M | ||
| Q1 24 | $71.2M | $603.1M |
净利润CLBTPTC
| Q4 25 | — | $166.5M | ||
| Q3 25 | $-302.3M | $347.8M | ||
| Q2 25 | $36.9M | $141.3M | ||
| Q1 25 | $-71.4M | $162.6M | ||
| Q4 24 | — | $82.2M | ||
| Q3 24 | — | $126.5M | ||
| Q2 24 | $-95.2M | $69.0M | ||
| Q1 24 | $-40.6M | $114.4M |
毛利率CLBTPTC
| Q4 25 | — | 82.8% | ||
| Q3 25 | 84.6% | 86.9% | ||
| Q2 25 | 84.1% | 82.9% | ||
| Q1 25 | 85.2% | 83.3% | ||
| Q4 24 | — | 80.2% | ||
| Q3 24 | 83.5% | 82.0% | ||
| Q2 24 | 84.1% | 78.4% | ||
| Q1 24 | 82.6% | 81.8% |
营业利润率CLBTPTC
| Q4 25 | — | 32.2% | ||
| Q3 25 | 14.1% | 48.5% | ||
| Q2 25 | 12.1% | 32.6% | ||
| Q1 25 | 10.3% | 35.1% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | 7.9% | 31.0% | ||
| Q2 24 | 11.7% | 18.5% | ||
| Q1 24 | 0.2% | 29.8% |
净利率CLBTPTC
| Q4 25 | — | 24.3% | ||
| Q3 25 | -103.5% | 38.9% | ||
| Q2 25 | 16.7% | 21.9% | ||
| Q1 25 | -79.7% | 25.6% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | -51.4% | 13.3% | ||
| Q1 24 | -57.0% | 19.0% |
每股收益（稀释后）CLBTPTC
| Q4 25 | — | $1.39 | ||
| Q3 25 | $-1.50 | $2.88 | ||
| Q2 25 | $0.15 | $1.17 | ||
| Q1 25 | $-0.36 | $1.35 | ||
| Q4 24 | — | $0.68 | ||
| Q3 24 | $-0.35 | $1.05 | ||
| Q2 24 | $-0.48 | $0.57 | ||
| Q1 24 | $-0.21 | $0.95 |
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 | $191.7M | $209.7M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $336.0M | $3.8B |
| 总资产 | $690.6M | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资CLBTPTC
| Q4 25 | — | $209.7M | ||
| Q3 25 | $191.7M | $184.4M | ||
| Q2 25 | $326.1M | $199.3M | ||
| Q1 25 | $191.7M | $235.2M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | $189.5M | $265.8M | ||
| Q2 24 | $178.6M | $247.7M | ||
| Q1 24 | $189.5M | $249.0M |
总债务CLBTPTC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.5B |
股东权益CLBTPTC
| Q4 25 | — | $3.8B | ||
| Q3 25 | $336.0M | $3.8B | ||
| Q2 25 | $408.4M | $3.5B | ||
| Q1 25 | $336.0M | $3.4B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $34.2M | $3.2B | ||
| Q2 24 | $-40.2M | $3.0B | ||
| Q1 24 | $34.2M | $2.9B |
总资产CLBTPTC
| Q4 25 | — | $6.4B | ||
| Q3 25 | $690.6M | $6.6B | ||
| Q2 25 | $787.4M | $6.2B | ||
| Q1 25 | $690.6M | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | $532.9M | $6.4B | ||
| Q2 24 | $556.6M | $6.1B | ||
| Q1 24 | $532.9M | $6.2B |
负债/权益比CLBTPTC
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.51× |
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 | $66.2M | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $60.8M | $267.4M |
| 自由现金流率自由现金流/营收 | 20.8% | 39.0% |
| 资本支出强度资本支出/营收 | 1.8% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | $172.1M | $888.4M |
8季度趋势，按日历期对齐
经营现金流CLBTPTC
| Q4 25 | — | $269.7M | ||
| Q3 25 | $66.2M | $104.0M | ||
| Q2 25 | $53.5M | $243.9M | ||
| Q1 25 | $10.0M | $281.3M | ||
| Q4 24 | — | $238.4M | ||
| Q3 24 | $58.2M | $98.1M | ||
| Q2 24 | $24.6M | $213.8M | ||
| Q1 24 | $12.5M | $250.7M |
自由现金流CLBTPTC
| Q4 25 | — | $267.4M | ||
| Q3 25 | $60.8M | $100.5M | ||
| Q2 25 | $47.5M | $242.0M | ||
| Q1 25 | $8.5M | $278.5M | ||
| Q4 24 | — | $235.7M | ||
| Q3 24 | $55.3M | $93.6M | ||
| Q2 24 | $21.0M | $212.2M | ||
| Q1 24 | $11.4M | $247.1M |
自由现金流率CLBTPTC
| Q4 25 | — | 39.0% | ||
| Q3 25 | 20.8% | 11.2% | ||
| Q2 25 | 21.5% | 37.6% | ||
| Q1 25 | 9.5% | 43.8% | ||
| Q4 24 | — | 41.7% | ||
| Q3 24 | 23.8% | 14.9% | ||
| Q2 24 | 11.3% | 40.9% | ||
| Q1 24 | 16.0% | 41.0% |
资本支出强度CLBTPTC
| Q4 25 | — | 0.3% | ||
| Q3 25 | 1.8% | 0.4% | ||
| Q2 25 | 2.7% | 0.3% | ||
| Q1 25 | 1.7% | 0.4% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 1.3% | 0.7% | ||
| Q2 24 | 1.9% | 0.3% | ||
| Q1 24 | 1.5% | 0.6% |
现金转化率CLBTPTC
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | 1.45× | 1.73× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 2.90× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | — | 2.19× |
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
CLBT
| Subscription services | $197.2M | 67% |
| Term-license | $60.8M | 21% |
| Professional services | $23.2M | 8% |
| Other non-recurring | $11.0M | 4% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
