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DIAMOND HILL INVESTMENT GROUP INC（DHIL）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
TELOS CORP的季度营收约是DIAMOND HILL INVESTMENT GROUP INC的1.3倍（$46.8M vs $36.6M），DIAMOND HILL INVESTMENT GROUP INC净利率更高（25.3% vs -34.9%，领先60.2%），TELOS CORP同比增速更快（77.4% vs -6.6%），TELOS CORP自由现金流更多（$8.0M vs $-9.1M），过去两年TELOS CORP的营收复合增速更高（25.7% vs 0.4%）
钻石棒球控股（DBH）是一家美国体育产权持有与运营集团，在美国和加拿大拥有并运营超过40支小联盟棒球队。该公司由媒体集团奋进集团于2021年成立，目前是投资机构银湖旗下的子公司，专注于北美小联盟棒球产业的运营与发展。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
DHIL vs TLS — 直观对比
营收规模更大
TLS
是对方的1.3倍
$36.6M
营收增速更快
TLS
高出83.9%
-6.6%
净利率更高
DHIL
高出60.2%
-34.9%
自由现金流更多
TLS
多$17.0M
$-9.1M
两年增速更快
TLS
近两年复合增速
0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $36.6M | $46.8M |
| 净利润 | $9.3M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 16.9% | -39.6% |
| 净利率 | 25.3% | -34.9% |
| 营收同比 | -6.6% | 77.4% |
| 净利润同比 | 25.3% | -74.8% |
| 每股收益（稀释后） | $3.42 | $-0.22 |
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DHILTLS
| Q4 25 | $36.6M | $46.8M | ||
| Q3 25 | $37.4M | $51.4M | ||
| Q2 25 | $36.0M | $36.0M | ||
| Q1 25 | $37.1M | $30.6M | ||
| Q4 24 | $39.1M | $26.4M | ||
| Q3 24 | $39.0M | $23.8M | ||
| Q2 24 | $36.7M | $28.5M | ||
| Q1 24 | $36.3M | $29.6M |
净利润DHILTLS
| Q4 25 | $9.3M | $-16.3M | ||
| Q3 25 | $13.6M | $-2.1M | ||
| Q2 25 | $15.6M | $-9.5M | ||
| Q1 25 | $10.4M | $-8.6M | ||
| Q4 24 | $7.4M | $-9.3M | ||
| Q3 24 | $14.6M | $-28.1M | ||
| Q2 24 | $8.1M | $-7.8M | ||
| Q1 24 | $13.0M | $-7.4M |
毛利率DHILTLS
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
营业利润率DHILTLS
| Q4 25 | 16.9% | -39.6% | ||
| Q3 25 | 26.0% | -4.8% | ||
| Q2 25 | 21.6% | -27.5% | ||
| Q1 25 | 35.2% | -29.5% | ||
| Q4 24 | 33.8% | -37.6% | ||
| Q3 24 | 26.2% | -121.4% | ||
| Q2 24 | 33.1% | -30.3% | ||
| Q1 24 | 22.9% | -28.5% |
净利率DHILTLS
| Q4 25 | 25.3% | -34.9% | ||
| Q3 25 | 36.2% | -4.1% | ||
| Q2 25 | 43.2% | -26.5% | ||
| Q1 25 | 27.9% | -28.1% | ||
| Q4 24 | 18.9% | -35.4% | ||
| Q3 24 | 37.5% | -118.0% | ||
| Q2 24 | 22.2% | -27.2% | ||
| Q1 24 | 35.9% | -24.9% |
每股收益（稀释后）DHILTLS
| Q4 25 | $3.42 | $-0.22 | ||
| Q3 25 | $4.99 | $-0.03 | ||
| Q2 25 | $5.73 | $-0.13 | ||
| Q1 25 | $3.77 | $-0.12 | ||
| Q4 24 | $2.76 | $-0.13 | ||
| Q3 24 | $5.35 | $-0.39 | ||
| Q2 24 | $2.93 | $-0.11 | ||
| Q1 24 | $4.62 | $-0.10 |
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 | — | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $176.4M | $96.0M |
| 总资产 | $260.4M | $139.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DHILTLS
| Q4 25 | — | $53.2M | ||
| Q3 25 | — | $59.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $57.8M | ||
| Q4 24 | $41.6M | $54.6M | ||
| Q3 24 | — | $69.8M | ||
| Q2 24 | — | $80.1M | ||
| Q1 24 | — | $93.9M |
股东权益DHILTLS
| Q4 25 | $176.4M | $96.0M | ||
| Q3 25 | $180.9M | $119.7M | ||
| Q2 25 | $171.6M | $118.4M | ||
| Q1 25 | $168.6M | $126.1M | ||
| Q4 24 | $162.3M | $127.1M | ||
| Q3 24 | $166.5M | $129.5M | ||
| Q2 24 | $156.5M | $149.1M | ||
| Q1 24 | $158.3M | $154.4M |
总资产DHILTLS
| Q4 25 | $260.4M | $139.9M | ||
| Q3 25 | $256.3M | $164.3M | ||
| Q2 25 | $261.0M | $165.0M | ||
| Q1 25 | $224.4M | $158.1M | ||
| Q4 24 | $245.1M | $158.2M | ||
| Q3 24 | $240.8M | $166.3M | ||
| Q2 24 | $213.1M | $182.4M | ||
| Q1 24 | $209.1M | $195.4M |
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 | $-6.6M | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $-9.1M | $8.0M |
| 自由现金流率自由现金流/营收 | -24.8% | 17.0% |
| 资本支出强度资本支出/营收 | 6.7% | 0.1% |
| 现金转化率经营现金流/净利润 | -0.71× | — |
| 过去12个月自由现金流最近4个季度 | $-34.3M | $29.4M |
8季度趋势，按日历期对齐
经营现金流DHILTLS
| Q4 25 | $-6.6M | $8.0M | ||
| Q3 25 | $-7.7M | $9.1M | ||
| Q2 25 | $-5.0M | $7.0M | ||
| Q1 25 | $-10.7M | $6.1M | ||
| Q4 24 | $16.6M | $-10.5M | ||
| Q3 24 | $18.5M | $-7.1M | ||
| Q2 24 | $19.2M | $-8.0M | ||
| Q1 24 | $-12.3M | $-350.0K |
自由现金流DHILTLS
| Q4 25 | $-9.1M | $8.0M | ||
| Q3 25 | $-8.3M | $8.7M | ||
| Q2 25 | $-5.7M | $6.8M | ||
| Q1 25 | $-11.3M | $6.0M | ||
| Q4 24 | $15.2M | $-12.4M | ||
| Q3 24 | $18.3M | $-7.1M | ||
| Q2 24 | $19.2M | $-8.2M | ||
| Q1 24 | $-12.4M | $-447.0K |
自由现金流率DHILTLS
| Q4 25 | -24.8% | 17.0% | ||
| Q3 25 | -22.2% | 16.9% | ||
| Q2 25 | -15.8% | 19.0% | ||
| Q1 25 | -30.4% | 19.5% | ||
| Q4 24 | 38.9% | -47.0% | ||
| Q3 24 | 46.8% | -30.0% | ||
| Q2 24 | 52.4% | -28.9% | ||
| Q1 24 | -34.2% | -1.5% |
资本支出强度DHILTLS
| Q4 25 | 6.7% | 0.1% | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 2.0% | 0.4% | ||
| Q1 25 | 1.5% | 0.4% | ||
| Q4 24 | 3.5% | 7.1% | ||
| Q3 24 | 0.7% | 0.2% | ||
| Q2 24 | 0.0% | 0.8% | ||
| Q1 24 | 0.4% | 0.3% |
现金转化率DHILTLS
| Q4 25 | -0.71× | — | ||
| Q3 25 | -0.57× | — | ||
| Q2 25 | -0.32× | — | ||
| Q1 25 | -1.04× | — | ||
| Q4 24 | 2.25× | — | ||
| Q3 24 | 1.26× | — | ||
| Q2 24 | 2.36× | — | ||
| Q1 24 | -0.94× | — |
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
DHIL
| Proprietary Funds | $26.0M | 71% |
| Separately Managed Accounts | $5.0M | 14% |
| Other Pooled Vehicles | $2.8M | 8% |
| Administration Revenuenetofrelatedexpense | $1.7M | 5% |
| Collective Investment Trusts | $1.4M | 4% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
