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Donnelley Financial Solutions, Inc.（DFIN）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
福尼克斯的季度营收约是Donnelley Financial Solutions, Inc.的1.2倍（$210.4M vs $172.5M），福尼克斯净利率更高（10.9% vs 3.6%，领先7.3%），Donnelley Financial Solutions, Inc.同比增速更快（10.4% vs -5.5%），Donnelley Financial Solutions, Inc.自由现金流更多（$47.9M vs $25.2M），过去两年福尼克斯的营收复合增速更高（-3.8% 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。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
DFIN vs PLAB — 直观对比
营收规模更大
PLAB
是对方的1.2倍
$172.5M
营收增速更快
DFIN
高出15.9%
-5.5%
净利率更高
PLAB
高出7.3%
3.6%
自由现金流更多
DFIN
多$22.7M
$25.2M
两年增速更快
PLAB
近两年复合增速
-7.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $172.5M | $210.4M |
| 净利润 | $6.2M | $22.9M |
| 毛利率 | — | 33.7% |
| 营业利润率 | 8.3% | 22.9% |
| 净利率 | 3.6% | 10.9% |
| 营收同比 | 10.4% | -5.5% |
| 净利润同比 | -1.6% | -32.4% |
| 每股收益（稀释后） | $0.31 | $0.39 |
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DFINPLAB
| Q4 25 | $172.5M | — | ||
| Q3 25 | $175.3M | $210.4M | ||
| Q2 25 | $218.1M | $211.0M | ||
| Q1 25 | $201.1M | $212.1M | ||
| Q4 24 | $156.3M | $222.6M | ||
| Q3 24 | $179.5M | $211.0M | ||
| Q2 24 | $242.7M | $217.0M | ||
| Q1 24 | $203.4M | $216.3M |
净利润DFINPLAB
| Q4 25 | $6.2M | — | ||
| Q3 25 | $-40.9M | $22.9M | ||
| Q2 25 | $36.1M | $8.9M | ||
| Q1 25 | $31.0M | $42.9M | ||
| Q4 24 | $6.3M | $33.9M | ||
| Q3 24 | $8.7M | $34.4M | ||
| Q2 24 | $44.1M | $36.3M | ||
| Q1 24 | $33.3M | $26.2M |
毛利率DFINPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% |
营业利润率DFINPLAB
| Q4 25 | 8.3% | — | ||
| Q3 25 | 16.1% | 22.9% | ||
| Q2 25 | 24.2% | 26.4% | ||
| Q1 25 | 22.8% | 24.6% | ||
| Q4 24 | 6.0% | 25.1% | ||
| Q3 24 | 10.1% | 24.7% | ||
| Q2 24 | 26.6% | 25.8% | ||
| Q1 24 | 21.9% | 26.6% |
净利率DFINPLAB
| Q4 25 | 3.6% | — | ||
| Q3 25 | -23.3% | 10.9% | ||
| Q2 25 | 16.6% | 4.2% | ||
| Q1 25 | 15.4% | 20.2% | ||
| Q4 24 | 4.0% | 15.2% | ||
| Q3 24 | 4.8% | 16.3% | ||
| Q2 24 | 18.2% | 16.7% | ||
| Q1 24 | 16.4% | 12.1% |
每股收益（稀释后）DFINPLAB
| Q4 25 | $0.31 | — | ||
| Q3 25 | $-1.49 | $0.39 | ||
| Q2 25 | $1.28 | $0.15 | ||
| Q1 25 | $1.05 | $0.68 | ||
| Q4 24 | $0.21 | $0.54 | ||
| Q3 24 | $0.29 | $0.55 | ||
| Q2 24 | $1.47 | $0.58 | ||
| Q1 24 | $1.09 | $0.42 |
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 | $575.8M |
| 总债务越低越好 | $171.3M | $16.0K |
| 股东权益账面价值 | $379.2M | $1.1B |
| 总资产 | $800.4M | $1.8B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资DFINPLAB
| Q4 25 | $24.5M | — | ||
| Q3 25 | $22.7M | $575.8M | ||
| Q2 25 | $33.8M | $558.4M | ||
| Q1 25 | $16.2M | $642.2M | ||
| Q4 24 | $57.3M | $640.7M | ||
| Q3 24 | $33.6M | $606.4M | ||
| Q2 24 | $35.0M | $559.9M | ||
| Q1 24 | $43.7M | $521.5M |
总债务DFINPLAB
| Q4 25 | $171.3M | — | ||
| Q3 25 | $154.7M | $16.0K | ||
| Q2 25 | $190.1M | $19.0K | ||
| Q1 25 | $189.5M | $21.0K | ||
| Q4 24 | $124.7M | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M |
股东权益DFINPLAB
| Q4 25 | $379.2M | — | ||
| Q3 25 | $423.1M | $1.1B | ||
| Q2 25 | $432.1M | $1.1B | ||
| Q1 25 | $419.9M | $1.1B | ||
| Q4 24 | $436.1M | $1.1B | ||
| Q3 24 | $444.5M | $1.1B | ||
| Q2 24 | $441.5M | $1.0B | ||
| Q1 24 | $408.9M | $1.0B |
总资产DFINPLAB
| Q4 25 | $800.4M | — | ||
| Q3 25 | $816.3M | $1.8B | ||
| Q2 25 | $874.7M | $1.7B | ||
| Q1 25 | $852.8M | $1.7B | ||
| Q4 24 | $841.6M | $1.7B | ||
| Q3 24 | $843.6M | $1.6B | ||
| Q2 24 | $882.9M | $1.6B | ||
| Q1 24 | $867.8M | $1.6B |
负债/权益比DFINPLAB
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.37× | 0.00× | ||
| Q2 25 | 0.44× | 0.00× | ||
| Q1 25 | 0.45× | 0.00× | ||
| Q4 24 | 0.29× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $25.2M |
| 自由现金流率自由现金流/营收 | 27.8% | 12.0% |
| 资本支出强度资本支出/营收 | 6.9% | 11.8% |
| 现金转化率经营现金流/净利润 | 9.65× | 2.19× |
| 过去12个月自由现金流最近4个季度 | $107.8M | $64.5M |
8季度趋势，按日历期对齐
经营现金流DFINPLAB
| Q4 25 | $59.8M | — | ||
| Q3 25 | $74.4M | $50.1M | ||
| Q2 25 | $68.4M | $31.5M | ||
| Q1 25 | $-37.7M | $78.5M | ||
| Q4 24 | $56.4M | $68.4M | ||
| Q3 24 | $86.4M | $75.1M | ||
| Q2 24 | $56.2M | $76.5M | ||
| Q1 24 | $-27.9M | $41.5M |
自由现金流DFINPLAB
| Q4 25 | $47.9M | — | ||
| Q3 25 | $59.2M | $25.2M | ||
| Q2 25 | $51.7M | $-29.1M | ||
| Q1 25 | $-51.0M | $43.3M | ||
| Q4 24 | $41.3M | $25.2M | ||
| Q3 24 | $67.3M | $50.7M | ||
| Q2 24 | $36.8M | $56.5M | ||
| Q1 24 | $-40.2M | $-1.8M |
自由现金流率DFINPLAB
| Q4 25 | 27.8% | — | ||
| Q3 25 | 33.8% | 12.0% | ||
| Q2 25 | 23.7% | -13.8% | ||
| Q1 25 | -25.4% | 20.4% | ||
| Q4 24 | 26.4% | 11.3% | ||
| Q3 24 | 37.5% | 24.0% | ||
| Q2 24 | 15.2% | 26.0% | ||
| Q1 24 | -19.8% | -0.8% |
资本支出强度DFINPLAB
| Q4 25 | 6.9% | — | ||
| Q3 25 | 8.7% | 11.8% | ||
| Q2 25 | 7.7% | 28.7% | ||
| Q1 25 | 6.6% | 16.6% | ||
| Q4 24 | 9.7% | 19.4% | ||
| Q3 24 | 10.6% | 11.6% | ||
| Q2 24 | 8.0% | 9.2% | ||
| Q1 24 | 6.0% | 20.0% |
现金转化率DFINPLAB
| Q4 25 | 9.65× | — | ||
| Q3 25 | — | 2.19× | ||
| Q2 25 | 1.89× | 3.55× | ||
| Q1 25 | -1.22× | 1.83× | ||
| Q4 24 | 8.95× | 2.02× | ||
| Q3 24 | 9.93× | 2.18× | ||
| Q2 24 | 1.27× | 2.11× | ||
| Q1 24 | -0.84× | 1.59× |
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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
