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DHI GROUP, INC.（DHX）与PDF SOLUTIONS INC（PDFS）财务数据对比。点击上方公司名可切换其他公司
PDF SOLUTIONS INC的季度营收约是DHI GROUP, INC.的2.0倍（$62.4M vs $31.4M），DHI GROUP, INC.净利率更高（3.0% vs -0.1%，领先3.1%），PDF SOLUTIONS INC同比增速更快（24.6% vs -9.8%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $5.7M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs -6.7%）
DHI集团是总部位于丹麦的国际水环境企业，业务涵盖水环境软件开发与工程咨询，拥有自主水环境建模软件MIKE Powered by DHI，同时为客户提供商业应用、数据门户、运营服务等全链条水环境解决方案。集团目前在全球设有30个分支机构，在新加坡和丹麦都设有研发中心，全球员工约1050名。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
DHX vs PDFS — 直观对比
营收规模更大
PDFS
是对方的2.0倍
$31.4M
营收增速更快
PDFS
高出34.4%
-9.8%
净利率更高
DHX
高出3.1%
-0.1%
自由现金流更多
PDFS
多$1.9M
$5.7M
两年增速更快
PDFS
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $31.4M | $62.4M |
| 净利润 | $951.0K | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | 10.4% | 5.5% |
| 净利率 | 3.0% | -0.1% |
| 营收同比 | -9.8% | 24.6% |
| 净利润同比 | -6.9% | -108.9% |
| 每股收益（稀释后） | $0.03 | $0.00 |
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DHXPDFS
| Q4 25 | $31.4M | $62.4M | ||
| Q3 25 | $32.1M | $57.1M | ||
| Q2 25 | $32.0M | $51.7M | ||
| Q1 25 | $32.3M | $47.8M | ||
| Q4 24 | $34.8M | $50.1M | ||
| Q3 24 | $35.3M | $46.4M | ||
| Q2 24 | $35.8M | $41.7M | ||
| Q1 24 | $36.0M | $41.3M |
净利润DHXPDFS
| Q4 25 | $951.0K | $-48.0K | ||
| Q3 25 | $-4.3M | $1.3M | ||
| Q2 25 | $-841.0K | $1.1M | ||
| Q1 25 | $-9.4M | $-3.0M | ||
| Q4 24 | $1.0M | $539.0K | ||
| Q3 24 | $-200.0K | $2.2M | ||
| Q2 24 | $943.0K | $1.7M | ||
| Q1 24 | $-1.5M | $-393.0K |
毛利率DHXPDFS
| Q4 25 | — | 72.9% | ||
| Q3 25 | 85.7% | 72.3% | ||
| Q2 25 | 84.0% | 71.2% | ||
| Q1 25 | 83.4% | 72.9% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | 85.6% | 73.1% | ||
| Q2 24 | 85.5% | 70.6% | ||
| Q1 24 | 86.5% | 67.3% |
营业利润率DHXPDFS
| Q4 25 | 10.4% | 5.5% | ||
| Q3 25 | -14.0% | 8.5% | ||
| Q2 25 | -3.9% | 2.2% | ||
| Q1 25 | -27.5% | -7.4% | ||
| Q4 24 | 5.0% | 1.0% | ||
| Q3 24 | 1.8% | 4.6% | ||
| Q2 24 | 5.6% | 0.6% | ||
| Q1 24 | 5.5% | -4.7% |
净利率DHXPDFS
| Q4 25 | 3.0% | -0.1% | ||
| Q3 25 | -13.3% | 2.3% | ||
| Q2 25 | -2.6% | 2.2% | ||
| Q1 25 | -28.9% | -6.3% | ||
| Q4 24 | 2.9% | 1.1% | ||
| Q3 24 | -0.6% | 4.8% | ||
| Q2 24 | 2.6% | 4.1% | ||
| Q1 24 | -4.2% | -1.0% |
每股收益（稀释后）DHXPDFS
| Q4 25 | $0.03 | $0.00 | ||
| Q3 25 | $-0.10 | $0.03 | ||
| Q2 25 | $-0.02 | $0.03 | ||
| Q1 25 | $-0.21 | $-0.08 | ||
| Q4 24 | $0.02 | $0.01 | ||
| Q3 24 | $0.00 | $0.06 | ||
| Q2 24 | $0.02 | $0.04 | ||
| Q1 24 | $-0.03 | $-0.01 |
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 | $2.9M | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $94.5M | $271.0M |
| 总资产 | $188.2M | $418.7M |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资DHXPDFS
| Q4 25 | $2.9M | $42.2M | ||
| Q3 25 | $2.3M | $35.9M | ||
| Q2 25 | $2.8M | $40.4M | ||
| Q1 25 | $2.7M | $54.1M | ||
| Q4 24 | $3.7M | $114.9M | ||
| Q3 24 | $2.1M | $120.2M | ||
| Q2 24 | $3.0M | $117.9M | ||
| Q1 24 | $3.2M | $122.9M |
总债务DHXPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | $30.0M | $67.6M | ||
| Q2 25 | $30.0M | $68.1M | ||
| Q1 25 | $33.0M | $68.7M | ||
| Q4 24 | $32.0M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $35.0M | — | ||
| Q1 24 | $41.0M | — |
股东权益DHXPDFS
| Q4 25 | $94.5M | $271.0M | ||
| Q3 25 | $97.3M | $264.4M | ||
| Q2 25 | $102.5M | $257.5M | ||
| Q1 25 | $103.9M | $249.0M | ||
| Q4 24 | $114.3M | $246.0M | ||
| Q3 24 | $111.3M | $240.5M | ||
| Q2 24 | $109.8M | $232.2M | ||
| Q1 24 | $106.6M | $225.4M |
总资产DHXPDFS
| Q4 25 | $188.2M | $418.7M | ||
| Q3 25 | $192.5M | $406.4M | ||
| Q2 25 | $204.9M | $391.1M | ||
| Q1 25 | $212.1M | $390.0M | ||
| Q4 24 | $221.4M | $315.3M | ||
| Q3 24 | $219.4M | $307.4M | ||
| Q2 24 | $224.4M | $298.0M | ||
| Q1 24 | $231.9M | $286.8M |
负债/权益比DHXPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | 0.31× | 0.26× | ||
| Q2 25 | 0.29× | 0.26× | ||
| Q1 25 | 0.32× | 0.28× | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | 0.38× | — |
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 | $7.2M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $5.7M | $7.5M |
| 自由现金流率自由现金流/营收 | 18.1% | 12.1% |
| 资本支出强度资本支出/营收 | 4.9% | 15.7% |
| 现金转化率经营现金流/净利润 | 7.60× | — |
| 过去12个月自由现金流最近4个季度 | $13.8M | $-8.6M |
8季度趋势，按日历期对齐
经营现金流DHXPDFS
| Q4 25 | $7.2M | $17.3M | ||
| Q3 25 | $4.8M | $3.3M | ||
| Q2 25 | $6.9M | $-5.2M | ||
| Q1 25 | $2.2M | $8.6M | ||
| Q4 24 | $4.4M | $1.6M | ||
| Q3 24 | $5.5M | $9.3M | ||
| Q2 24 | $9.1M | $684.0K | ||
| Q1 24 | $2.1M | $-1.9M |
自由现金流DHXPDFS
| Q4 25 | $5.7M | $7.5M | ||
| Q3 25 | $3.2M | $-2.9M | ||
| Q2 25 | $4.8M | $-13.8M | ||
| Q1 25 | $88.0K | $535.0K | ||
| Q4 24 | $1.6M | $-4.0M | ||
| Q3 24 | $2.3M | $5.1M | ||
| Q2 24 | $5.6M | $-4.6M | ||
| Q1 24 | $-2.4M | $-3.9M |
自由现金流率DHXPDFS
| Q4 25 | 18.1% | 12.1% | ||
| Q3 25 | 9.9% | -5.1% | ||
| Q2 25 | 15.1% | -26.6% | ||
| Q1 25 | 0.3% | 1.1% | ||
| Q4 24 | 4.6% | -8.0% | ||
| Q3 24 | 6.5% | 11.0% | ||
| Q2 24 | 15.6% | -11.1% | ||
| Q1 24 | -6.5% | -9.4% |
资本支出强度DHXPDFS
| Q4 25 | 4.9% | 15.7% | ||
| Q3 25 | 5.0% | 10.8% | ||
| Q2 25 | 6.3% | 16.5% | ||
| Q1 25 | 6.7% | 17.0% | ||
| Q4 24 | 8.0% | 11.3% | ||
| Q3 24 | 9.2% | 9.0% | ||
| Q2 24 | 9.7% | 12.8% | ||
| Q1 24 | 12.3% | 4.9% |
现金转化率DHXPDFS
| Q4 25 | 7.60× | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.27× | 2.98× | ||
| Q3 24 | — | 4.20× | ||
| Q2 24 | 9.61× | 0.40× | ||
| Q1 24 | — | — |
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
DHX
| Clearance Jobs | $17.4M | 56% |
| Clearance Jobs Segment | $13.9M | 44% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
