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Donnelley Financial Solutions, Inc.（DFIN）与IMAX（IMAX）财务数据对比。点击上方公司名可切换其他公司
Donnelley Financial Solutions, Inc.的季度营收约是IMAX的1.4倍（$172.5M vs $125.2M），Donnelley Financial Solutions, Inc.净利率更高（3.6% vs 0.5%，领先3.1%），IMAX同比增速更快（35.1% vs 10.4%），Donnelley Financial Solutions, Inc.自由现金流更多（$47.9M vs $28.0M），过去两年IMAX的营收复合增速更高（25.8% vs -7.9%）
唐nelley金融解决方案（DFIN）是一家总部位于美国伊利诺伊州芝加哥市的金融合规企业，面向资本市场与投资市场的各类企业，提供符合美国监管要求的软件即服务产品、软件赋能服务、印刷业务及合规相关服务，助力客户满足合规要求。
IMAX公司是加拿大的影视放映技术企业，1967年创立于蒙特利尔，总部位于多伦多地区，在纽约、洛杉矶均设有业务点。核心业务包括IMAX摄影机与放映系统的设计制造，同时面向全球合作影院提供影片开发、制作、后期及发行服务，是沉浸式观影技术领域的领先企业。
DFIN vs IMAX — 直观对比
营收规模更大
DFIN
是对方的1.4倍
$125.2M
营收增速更快
IMAX
高出24.7%
10.4%
净利率更高
DFIN
高出3.1%
0.5%
自由现金流更多
DFIN
多$19.9M
$28.0M
两年增速更快
IMAX
近两年复合增速
-7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $172.5M | $125.2M |
| 净利润 | $6.2M | $637.0K |
| 毛利率 | — | 57.6% |
| 营业利润率 | 8.3% | 19.3% |
| 净利率 | 3.6% | 0.5% |
| 营收同比 | 10.4% | 35.1% |
| 净利润同比 | -1.6% | -88.0% |
| 每股收益（稀释后） | $0.31 | $0.02 |
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DFINIMAX
| Q4 25 | $172.5M | $125.2M | ||
| Q3 25 | $175.3M | $106.7M | ||
| Q2 25 | $218.1M | $91.7M | ||
| Q1 25 | $201.1M | $86.7M | ||
| Q4 24 | $156.3M | $92.7M | ||
| Q3 24 | $179.5M | $91.5M | ||
| Q2 24 | $242.7M | $89.0M | ||
| Q1 24 | $203.4M | $79.1M |
净利润DFINIMAX
| Q4 25 | $6.2M | $637.0K | ||
| Q3 25 | $-40.9M | $20.7M | ||
| Q2 25 | $36.1M | $11.3M | ||
| Q1 25 | $31.0M | $2.3M | ||
| Q4 24 | $6.3M | $5.3M | ||
| Q3 24 | $8.7M | $13.9M | ||
| Q2 24 | $44.1M | $3.6M | ||
| Q1 24 | $33.3M | $3.3M |
毛利率DFINIMAX
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 59.3% |
营业利润率DFINIMAX
| Q4 25 | 8.3% | 19.3% | ||
| Q3 25 | 16.1% | 27.2% | ||
| Q2 25 | 24.2% | 15.6% | ||
| Q1 25 | 22.8% | 19.3% | ||
| Q4 24 | 6.0% | 10.3% | ||
| Q3 24 | 10.1% | 21.2% | ||
| Q2 24 | 26.6% | 3.2% | ||
| Q1 24 | 21.9% | 15.3% |
净利率DFINIMAX
| Q4 25 | 3.6% | 0.5% | ||
| Q3 25 | -23.3% | 19.4% | ||
| Q2 25 | 16.6% | 12.3% | ||
| Q1 25 | 15.4% | 2.7% | ||
| Q4 24 | 4.0% | 5.7% | ||
| Q3 24 | 4.8% | 15.2% | ||
| Q2 24 | 18.2% | 4.0% | ||
| Q1 24 | 16.4% | 4.1% |
每股收益（稀释后）DFINIMAX
| Q4 25 | $0.31 | $0.02 | ||
| Q3 25 | $-1.49 | $0.37 | ||
| Q2 25 | $1.28 | $0.20 | ||
| Q1 25 | $1.05 | $0.04 | ||
| Q4 24 | $0.21 | $0.09 | ||
| Q3 24 | $0.29 | $0.26 | ||
| Q2 24 | $1.47 | $0.07 | ||
| Q1 24 | $1.09 | $0.06 |
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 | $24.5M | $151.2M |
| 总债务越低越好 | $171.3M | — |
| 股东权益账面价值 | $379.2M | $337.9M |
| 总资产 | $800.4M | $894.0M |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资DFINIMAX
| Q4 25 | $24.5M | $151.2M | ||
| Q3 25 | $22.7M | $143.1M | ||
| Q2 25 | $33.8M | $109.3M | ||
| Q1 25 | $16.2M | $97.1M | ||
| Q4 24 | $57.3M | $100.6M | ||
| Q3 24 | $33.6M | $104.5M | ||
| Q2 24 | $35.0M | $91.6M | ||
| Q1 24 | $43.7M | $81.0M |
总债务DFINIMAX
| Q4 25 | $171.3M | — | ||
| Q3 25 | $154.7M | — | ||
| Q2 25 | $190.1M | — | ||
| Q1 25 | $189.5M | — | ||
| Q4 24 | $124.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DFINIMAX
| Q4 25 | $379.2M | $337.9M | ||
| Q3 25 | $423.1M | $349.5M | ||
| Q2 25 | $432.1M | $320.4M | ||
| Q1 25 | $419.9M | $299.5M | ||
| Q4 24 | $436.1M | $299.5M | ||
| Q3 24 | $444.5M | $289.4M | ||
| Q2 24 | $441.5M | $267.2M | ||
| Q1 24 | $408.9M | $258.8M |
总资产DFINIMAX
| Q4 25 | $800.4M | $894.0M | ||
| Q3 25 | $816.3M | $889.6M | ||
| Q2 25 | $874.7M | $868.6M | ||
| Q1 25 | $852.8M | $848.3M | ||
| Q4 24 | $841.6M | $830.4M | ||
| Q3 24 | $843.6M | $847.6M | ||
| Q2 24 | $882.9M | $827.4M | ||
| Q1 24 | $867.8M | $824.1M |
负债/权益比DFINIMAX
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.29× | — | ||
| 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 | $59.8M | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $28.0M |
| 自由现金流率自由现金流/营收 | 27.8% | 22.3% |
| 资本支出强度资本支出/营收 | 6.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 9.65× | 46.11× |
| 过去12个月自由现金流最近4个季度 | $107.8M | $118.9M |
8季度趋势，按日历期对齐
经营现金流DFINIMAX
| Q4 25 | $59.8M | $29.4M | ||
| Q3 25 | $74.4M | $67.5M | ||
| Q2 25 | $68.4M | $23.2M | ||
| Q1 25 | $-37.7M | $7.0M | ||
| Q4 24 | $56.4M | $11.5M | ||
| Q3 24 | $86.4M | $35.3M | ||
| Q2 24 | $56.2M | $35.0M | ||
| Q1 24 | $-27.9M | $-11.0M |
自由现金流DFINIMAX
| Q4 25 | $47.9M | $28.0M | ||
| Q3 25 | $59.2M | $64.8M | ||
| Q2 25 | $51.7M | $20.9M | ||
| Q1 25 | $-51.0M | $5.3M | ||
| Q4 24 | $41.3M | $6.9M | ||
| Q3 24 | $67.3M | $34.2M | ||
| Q2 24 | $36.8M | $33.5M | ||
| Q1 24 | $-40.2M | $-12.1M |
自由现金流率DFINIMAX
| Q4 25 | 27.8% | 22.3% | ||
| Q3 25 | 33.8% | 60.7% | ||
| Q2 25 | 23.7% | 22.8% | ||
| Q1 25 | -25.4% | 6.1% | ||
| Q4 24 | 26.4% | 7.4% | ||
| Q3 24 | 37.5% | 37.3% | ||
| Q2 24 | 15.2% | 37.6% | ||
| Q1 24 | -19.8% | -15.3% |
资本支出强度DFINIMAX
| Q4 25 | 6.9% | 1.1% | ||
| Q3 25 | 8.7% | 2.6% | ||
| Q2 25 | 7.7% | 2.6% | ||
| Q1 25 | 6.6% | 1.9% | ||
| Q4 24 | 9.7% | 5.0% | ||
| Q3 24 | 10.6% | 1.2% | ||
| Q2 24 | 8.0% | 1.8% | ||
| Q1 24 | 6.0% | 1.4% |
现金转化率DFINIMAX
| Q4 25 | 9.65× | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | 1.89× | 2.06× | ||
| Q1 25 | -1.22× | 2.99× | ||
| Q4 24 | 8.95× | 2.16× | ||
| Q3 24 | 9.93× | 2.54× | ||
| Q2 24 | 1.27× | 9.78× | ||
| Q1 24 | -0.84× | -3.35× |
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
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
