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Donnelley Financial Solutions, Inc.（DFIN）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
铱星通信的季度营收约是Donnelley Financial Solutions, Inc.的1.3倍（$219.1M vs $172.5M），铱星通信净利率更高（9.9% vs 3.6%，领先6.3%），Donnelley Financial Solutions, Inc.同比增速更快（10.4% vs 1.9%），过去两年铱星通信的营收复合增速更高（4.4% 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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
DFIN vs IRDM — 直观对比
营收规模更大
IRDM
是对方的1.3倍
$172.5M
营收增速更快
DFIN
高出8.4%
1.9%
净利率更高
IRDM
高出6.3%
3.6%
两年增速更快
IRDM
近两年复合增速
-7.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $172.5M | $219.1M |
| 净利润 | $6.2M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | 8.3% | 23.2% |
| 净利率 | 3.6% | 9.9% |
| 营收同比 | 10.4% | 1.9% |
| 净利润同比 | -1.6% | — |
| 每股收益（稀释后） | $0.31 | — |
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DFINIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $172.5M | $212.9M | ||
| Q3 25 | $175.3M | $226.9M | ||
| Q2 25 | $218.1M | $216.9M | ||
| Q1 25 | $201.1M | $214.9M | ||
| Q4 24 | $156.3M | $213.0M | ||
| Q3 24 | $179.5M | $212.8M | ||
| Q2 24 | $242.7M | $201.1M |
净利润DFINIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $6.2M | $24.9M | ||
| Q3 25 | $-40.9M | $37.1M | ||
| Q2 25 | $36.1M | $22.0M | ||
| Q1 25 | $31.0M | $30.4M | ||
| Q4 24 | $6.3M | $36.3M | ||
| Q3 24 | $8.7M | $24.4M | ||
| Q2 24 | $44.1M | $32.3M |
营业利润率DFINIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 8.3% | 25.9% | ||
| Q3 25 | 16.1% | 30.9% | ||
| Q2 25 | 24.2% | 23.2% | ||
| Q1 25 | 22.8% | 28.1% | ||
| Q4 24 | 6.0% | 24.5% | ||
| Q3 24 | 10.1% | 25.8% | ||
| Q2 24 | 26.6% | 21.7% |
净利率DFINIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | 3.6% | 11.7% | ||
| Q3 25 | -23.3% | 16.4% | ||
| Q2 25 | 16.6% | 10.1% | ||
| Q1 25 | 15.4% | 14.2% | ||
| Q4 24 | 4.0% | 17.1% | ||
| Q3 24 | 4.8% | 11.5% | ||
| Q2 24 | 18.2% | 16.1% |
每股收益（稀释后）DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | $0.31 | $0.24 | ||
| Q3 25 | $-1.49 | $0.35 | ||
| Q2 25 | $1.28 | $0.20 | ||
| Q1 25 | $1.05 | $0.27 | ||
| Q4 24 | $0.21 | $0.30 | ||
| Q3 24 | $0.29 | $0.21 | ||
| Q2 24 | $1.47 | $0.27 |
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 | — |
| 总债务越低越好 | $171.3M | — |
| 股东权益账面价值 | $379.2M | — |
| 总资产 | $800.4M | — |
| 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DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | $24.5M | $96.5M | ||
| Q3 25 | $22.7M | $88.5M | ||
| Q2 25 | $33.8M | $79.3M | ||
| Q1 25 | $16.2M | $50.9M | ||
| Q4 24 | $57.3M | $93.5M | ||
| Q3 24 | $33.6M | $159.6M | ||
| Q2 24 | $35.0M | $63.5M |
总债务DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | $171.3M | $1.8B | ||
| Q3 25 | $154.7M | — | ||
| Q2 25 | $190.1M | — | ||
| Q1 25 | $189.5M | — | ||
| Q4 24 | $124.7M | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | $379.2M | $462.6M | ||
| Q3 25 | $423.1M | $450.5M | ||
| Q2 25 | $432.1M | $473.6M | ||
| Q1 25 | $419.9M | $518.4M | ||
| Q4 24 | $436.1M | $576.6M | ||
| Q3 24 | $444.5M | $663.8M | ||
| Q2 24 | $441.5M | $786.7M |
总资产DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | $800.4M | $2.5B | ||
| Q3 25 | $816.3M | $2.6B | ||
| Q2 25 | $874.7M | $2.6B | ||
| Q1 25 | $852.8M | $2.6B | ||
| Q4 24 | $841.6M | $2.7B | ||
| Q3 24 | $843.6M | $2.8B | ||
| Q2 24 | $882.9M | $2.7B |
负债/权益比DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 3.80× | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.29× | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 自由现金流经营现金流 - 资本支出 | $47.9M | — |
| 自由现金流率自由现金流/营收 | 27.8% | — |
| 资本支出强度资本支出/营收 | 6.9% | 13.7% |
| 现金转化率经营现金流/净利润 | 9.65× | — |
| 过去12个月自由现金流最近4个季度 | $107.8M | — |
8季度趋势，按日历期对齐
经营现金流DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | $59.8M | $108.6M | ||
| Q3 25 | $74.4M | $100.8M | ||
| Q2 25 | $68.4M | $129.6M | ||
| Q1 25 | $-37.7M | $61.1M | ||
| Q4 24 | $56.4M | $104.8M | ||
| Q3 24 | $86.4M | $118.6M | ||
| Q2 24 | $56.2M | $81.1M |
自由现金流DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | $47.9M | $75.1M | ||
| Q3 25 | $59.2M | $79.2M | ||
| Q2 25 | $51.7M | $108.9M | ||
| Q1 25 | $-51.0M | $36.5M | ||
| Q4 24 | $41.3M | $80.5M | ||
| Q3 24 | $67.3M | $100.0M | ||
| Q2 24 | $36.8M | $68.7M |
自由现金流率DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | 27.8% | 35.3% | ||
| Q3 25 | 33.8% | 34.9% | ||
| Q2 25 | 23.7% | 50.2% | ||
| Q1 25 | -25.4% | 17.0% | ||
| Q4 24 | 26.4% | 37.8% | ||
| Q3 24 | 37.5% | 47.0% | ||
| Q2 24 | 15.2% | 34.2% |
资本支出强度DFINIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 6.9% | 15.7% | ||
| Q3 25 | 8.7% | 9.5% | ||
| Q2 25 | 7.7% | 9.5% | ||
| Q1 25 | 6.6% | 11.4% | ||
| Q4 24 | 9.7% | 11.4% | ||
| Q3 24 | 10.6% | 8.7% | ||
| Q2 24 | 8.0% | 6.2% |
现金转化率DFINIRDM
| Q1 26 | — | — | ||
| Q4 25 | 9.65× | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | 1.89× | 5.90× | ||
| Q1 25 | -1.22× | 2.01× | ||
| Q4 24 | 8.95× | 2.88× | ||
| Q3 24 | 9.93× | 4.85× | ||
| Q2 24 | 1.27× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
