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Cambium Networks Corp（CMBM）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Cambium Networks Corp的1.5倍（$62.4M vs $40.3M），PDF SOLUTIONS INC净利率更高（-0.1% vs -17.9%，领先17.9%），PDF SOLUTIONS INC同比增速更快（24.6% vs -23.2%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-10.8M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs -27.2%）
坎布里姆网络公司是美国的无线通信设备制造商，主营企业WiFi、网络交换设备、物联网相关产品，以及面向企业的固定无线宽带、WiFi接入产品。该公司于2011年10月从摩托罗拉分拆，目前在纳斯达克上市。
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。
CMBM vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.5倍
$40.3M
营收增速更快
PDFS
高出47.8%
-23.2%
净利率更高
PDFS
高出17.9%
-17.9%
自由现金流更多
PDFS
多$18.4M
$-10.8M
两年增速更快
PDFS
近两年复合增速
-27.2%
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.3M | $62.4M |
| 净利润 | $-7.2M | $-48.0K |
| 毛利率 | 36.6% | 72.9% |
| 营业利润率 | -28.4% | 5.5% |
| 净利率 | -17.9% | -0.1% |
| 营收同比 | -23.2% | 24.6% |
| 净利润同比 | 71.0% | -108.9% |
| 每股收益（稀释后） | $-0.26 | $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CMBMPDFS
| Q4 25 | — | $62.4M | ||
| Q3 25 | — | $57.1M | ||
| Q2 25 | — | $51.7M | ||
| Q1 25 | — | $47.8M | ||
| Q4 24 | $40.3M | $50.1M | ||
| Q3 24 | $44.7M | $46.4M | ||
| Q2 24 | $45.2M | $41.7M | ||
| Q1 24 | $47.1M | $41.3M |
净利润CMBMPDFS
| Q4 25 | — | $-48.0K | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | — | $-3.0M | ||
| Q4 24 | $-7.2M | $539.0K | ||
| Q3 24 | $-34.5M | $2.2M | ||
| Q2 24 | $-14.2M | $1.7M | ||
| Q1 24 | $-18.4M | $-393.0K |
毛利率CMBMPDFS
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 72.9% | ||
| Q4 24 | 36.6% | 68.3% | ||
| Q3 24 | 43.6% | 73.1% | ||
| Q2 24 | 32.5% | 70.6% | ||
| Q1 24 | 29.8% | 67.3% |
营业利润率CMBMPDFS
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | -28.4% | 1.0% | ||
| Q3 24 | -69.6% | 4.6% | ||
| Q2 24 | -27.2% | 0.6% | ||
| Q1 24 | -33.1% | -4.7% |
净利率CMBMPDFS
| Q4 25 | — | -0.1% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | -6.3% | ||
| Q4 24 | -17.9% | 1.1% | ||
| Q3 24 | -77.3% | 4.8% | ||
| Q2 24 | -31.5% | 4.1% | ||
| Q1 24 | -39.2% | -1.0% |
每股收益（稀释后）CMBMPDFS
| Q4 25 | — | $0.00 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | — | $0.03 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | $-0.26 | $0.01 | ||
| Q3 24 | $-1.22 | $0.06 | ||
| Q2 24 | $-0.51 | $0.04 | ||
| Q1 24 | $-0.66 | $-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 | $67.6M | $67.0M |
| 股东权益账面价值 | $-3.2M | $271.0M |
| 总资产 | $173.7M | $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CMBMPDFS
| 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CMBMPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
股东权益CMBMPDFS
| Q4 25 | — | $271.0M | ||
| Q3 25 | — | $264.4M | ||
| Q2 25 | — | $257.5M | ||
| Q1 25 | — | $249.0M | ||
| Q4 24 | $-3.2M | $246.0M | ||
| Q3 24 | $1.9M | $240.5M | ||
| Q2 24 | $34.1M | $232.2M | ||
| Q1 24 | $45.0M | $225.4M |
总资产CMBMPDFS
| Q4 25 | — | $418.7M | ||
| Q3 25 | — | $406.4M | ||
| Q2 25 | — | $391.1M | ||
| Q1 25 | — | $390.0M | ||
| Q4 24 | $173.7M | $315.3M | ||
| Q3 24 | $194.3M | $307.4M | ||
| Q2 24 | $221.1M | $298.0M | ||
| Q1 24 | $219.8M | $286.8M |
负债/权益比CMBMPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
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 | $-10.4M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $7.5M |
| 自由现金流率自由现金流/营收 | -26.8% | 12.1% |
| 资本支出强度资本支出/营收 | 1.1% | 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CMBMPDFS
| Q4 25 | — | $17.3M | ||
| Q3 25 | — | $3.3M | ||
| Q2 25 | — | $-5.2M | ||
| Q1 25 | — | $8.6M | ||
| Q4 24 | $-10.4M | $1.6M | ||
| Q3 24 | $8.9M | $9.3M | ||
| Q2 24 | $2.4M | $684.0K | ||
| Q1 24 | $-15.9M | $-1.9M |
自由现金流CMBMPDFS
| Q4 25 | — | $7.5M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | $-13.8M | ||
| Q1 25 | — | $535.0K | ||
| Q4 24 | $-10.8M | $-4.0M | ||
| Q3 24 | $6.8M | $5.1M | ||
| Q2 24 | $87.0K | $-4.6M | ||
| Q1 24 | $-17.4M | $-3.9M |
自由现金流率CMBMPDFS
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | -5.1% | ||
| Q2 25 | — | -26.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | -26.8% | -8.0% | ||
| Q3 24 | 15.2% | 11.0% | ||
| Q2 24 | 0.2% | -11.1% | ||
| Q1 24 | -37.0% | -9.4% |
资本支出强度CMBMPDFS
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | 1.1% | 11.3% | ||
| Q3 24 | 4.8% | 9.0% | ||
| Q2 24 | 5.1% | 12.8% | ||
| Q1 24 | 3.3% | 4.9% |
现金转化率CMBMPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
