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Castellum, Inc.（CTM）与FiscalNote Holdings, Inc.（NOTE）财务数据对比。点击上方公司名可切换其他公司
FiscalNote Holdings, Inc.的季度营收约是Castellum, Inc.的1.8倍（$22.2M vs $12.6M），Castellum, Inc.同比增速更快（21.9% vs -24.7%），过去两年Castellum, Inc.的营收复合增速更高（5.3% vs -16.8%）
Castellum, Inc.是一家总部位于美国的网络安全与信息技术服务提供商，服务覆盖国防政府机构、公共部门及商业企业客户，提供威胁检测、数据保护、云安全及托管IT解决方案，助力客户防范网络风险、保护核心数字资产。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
CTM vs NOTE — 直观对比
营收规模更大
NOTE
是对方的1.8倍
$12.6M
营收增速更快
CTM
高出46.6%
-24.7%
两年增速更快
CTM
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $12.6M | $22.2M |
| 净利润 | $-1.3M | — |
| 毛利率 | 33.9% | — |
| 营业利润率 | -11.1% | -83.7% |
| 净利率 | -10.5% | — |
| 营收同比 | 21.9% | -24.7% |
| 净利润同比 | 51.8% | — |
| 每股收益（稀释后） | $-0.02 | $-2.81 |
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CTMNOTE
| Q4 25 | $12.6M | $22.2M | ||
| Q3 25 | $14.6M | $22.4M | ||
| Q2 25 | $14.0M | $23.3M | ||
| Q1 25 | $11.7M | $27.5M | ||
| Q4 24 | $10.3M | $29.5M | ||
| Q3 24 | $11.6M | $29.4M | ||
| Q2 24 | $11.5M | $29.2M | ||
| Q1 24 | $11.3M | $32.1M |
净利润CTMNOTE
| Q4 25 | $-1.3M | — | ||
| Q3 25 | $415.4K | $-24.9M | ||
| Q2 25 | $-322.1K | $-13.3M | ||
| Q1 25 | $-1.2M | $-4.3M | ||
| Q4 24 | $-2.7M | — | ||
| Q3 24 | $-1.3M | $-14.9M | ||
| Q2 24 | $-1.8M | $-12.8M | ||
| Q1 24 | $-4.1M | $50.6M |
毛利率CTMNOTE
| Q4 25 | 33.9% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 36.1% | — | ||
| Q1 25 | 39.0% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 42.7% | — | ||
| Q2 24 | 40.6% | — | ||
| Q1 24 | 39.8% | — |
营业利润率CTMNOTE
| Q4 25 | -11.1% | -83.7% | ||
| Q3 25 | 3.0% | -43.4% | ||
| Q2 25 | -2.7% | -31.9% | ||
| Q1 25 | -12.7% | -50.0% | ||
| Q4 24 | -15.7% | -19.4% | ||
| Q3 24 | -11.9% | -23.1% | ||
| Q2 24 | -13.6% | -27.2% | ||
| Q1 24 | -23.6% | -35.6% |
净利率CTMNOTE
| Q4 25 | -10.5% | — | ||
| Q3 25 | 2.8% | -110.8% | ||
| Q2 25 | -2.3% | -57.0% | ||
| Q1 25 | -10.0% | -15.4% | ||
| Q4 24 | -26.6% | — | ||
| Q3 24 | -11.0% | -50.7% | ||
| Q2 24 | -16.0% | -43.6% | ||
| Q1 24 | -36.3% | 157.6% |
每股收益（稀释后）CTMNOTE
| Q4 25 | $-0.02 | $-2.81 | ||
| Q3 25 | $0.00 | $-1.73 | ||
| Q2 25 | $0.00 | $-0.08 | ||
| Q1 25 | $-0.01 | $-0.03 | ||
| Q4 24 | $-0.05 | $1.88 | ||
| Q3 24 | $-0.02 | $-1.33 | ||
| Q2 24 | $-0.03 | $-0.09 | ||
| Q1 24 | $-0.08 | $0.37 |
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 | — | $26.3M |
| 总债务越低越好 | — | $128.4M |
| 股东权益账面价值 | $35.8M | $62.0M |
| 总资产 | $41.9M | $255.1M |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资CTMNOTE
| Q4 25 | — | $26.3M | ||
| Q3 25 | — | $31.2M | ||
| Q2 25 | — | $38.5M | ||
| Q1 25 | — | $46.3M | ||
| Q4 24 | — | $34.6M | ||
| Q3 24 | — | $32.7M | ||
| Q2 24 | — | $37.7M | ||
| Q1 24 | — | $43.6M |
总债务CTMNOTE
| Q4 25 | — | $128.4M | ||
| Q3 25 | — | $131.5M | ||
| Q2 25 | — | $116.7M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | $8.0M | $147.1M | ||
| Q3 24 | $8.3M | $152.2M | ||
| Q2 24 | $8.7M | $145.9M | ||
| Q1 24 | $9.0M | $153.0M |
股东权益CTMNOTE
| Q4 25 | $35.8M | $62.0M | ||
| Q3 25 | $36.7M | $75.5M | ||
| Q2 25 | $31.8M | $95.1M | ||
| Q1 25 | $26.1M | $98.7M | ||
| Q4 24 | $20.2M | $97.8M | ||
| Q3 24 | $12.0M | $98.5M | ||
| Q2 24 | $12.1M | $106.9M | ||
| Q1 24 | $12.8M | $106.1M |
总资产CTMNOTE
| Q4 25 | $41.9M | $255.1M | ||
| Q3 25 | $46.3M | $273.9M | ||
| Q2 25 | $43.4M | $288.3M | ||
| Q1 25 | $41.1M | $299.7M | ||
| Q4 24 | $37.8M | $326.2M | ||
| Q3 24 | $28.8M | $337.9M | ||
| Q2 24 | $29.5M | $346.3M | ||
| Q1 24 | $30.5M | $357.8M |
负债/权益比CTMNOTE
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 0.40× | 1.50× | ||
| Q3 24 | 0.69× | 1.54× | ||
| Q2 24 | 0.72× | 1.36× | ||
| Q1 24 | 0.70× | 1.44× |
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 | $-661.7K | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-1.9M |
| 自由现金流率自由现金流/营收 | — | -8.7% |
| 资本支出强度资本支出/营收 | — | 7.4% |
| 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 | — | $-18.6M |
8季度趋势，按日历期对齐
经营现金流CTMNOTE
| Q4 25 | $-661.7K | $-279.0K | ||
| Q3 25 | $1.0M | $-8.3M | ||
| Q2 25 | $214.2K | $-6.2M | ||
| Q1 25 | $-2.5M | $3.3M | ||
| Q4 24 | $-394.4K | $-1.3M | ||
| Q3 24 | $742.2K | $-3.0M | ||
| Q2 24 | $748.6K | $-3.7M | ||
| Q1 24 | $23.7K | $2.7M |
自由现金流CTMNOTE
| Q4 25 | — | $-1.9M | ||
| Q3 25 | $957.0K | $-10.4M | ||
| Q2 25 | — | $-7.7M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | $738.9K | $-5.4M | ||
| Q2 24 | — | $-6.5M | ||
| Q1 24 | — | $1.0M |
自由现金流率CTMNOTE
| Q4 25 | — | -8.7% | ||
| Q3 25 | 6.5% | -46.2% | ||
| Q2 25 | — | -33.0% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | -11.4% | ||
| Q3 24 | 6.4% | -18.4% | ||
| Q2 24 | — | -22.1% | ||
| Q1 24 | — | 3.3% |
资本支出强度CTMNOTE
| Q4 25 | — | 7.4% | ||
| Q3 25 | 0.3% | 9.3% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | 0.0% | 6.8% | ||
| Q3 24 | 0.0% | 8.3% | ||
| Q2 24 | 0.0% | 9.4% | ||
| Q1 24 | 0.0% | 5.3% |
现金转化率CTMNOTE
| Q4 25 | — | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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
CTM
暂无分部数据
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
