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DHI GROUP, INC.（DHX）与Rumble Inc.（RUM）财务数据对比。点击上方公司名可切换其他公司
DHI GROUP, INC.的季度营收约是Rumble Inc.的1.2倍（$31.4M vs $27.1M），DHI GROUP, INC.净利率更高（3.0% vs -120.8%，领先123.8%），DHI GROUP, INC.同比增速更快（-9.8% vs -10.5%），DHI GROUP, INC.自由现金流更多（$5.7M vs $-31.7M），过去两年Rumble Inc.的营收复合增速更高（15.2% 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。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
DHX vs RUM — 直观对比
营收规模更大
DHX
是对方的1.2倍
$27.1M
营收增速更快
DHX
高出0.7%
-10.5%
净利率更高
DHX
高出123.8%
-120.8%
自由现金流更多
DHX
多$37.4M
$-31.7M
两年增速更快
RUM
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $31.4M | $27.1M |
| 净利润 | $951.0K | $-32.7M |
| 毛利率 | — | 5.5% |
| 营业利润率 | 10.4% | -131.1% |
| 净利率 | 3.0% | -120.8% |
| 营收同比 | -9.8% | -10.5% |
| 净利润同比 | -6.9% | 86.2% |
| 每股收益（稀释后） | $0.03 | $-0.13 |
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DHXRUM
| Q4 25 | $31.4M | $27.1M | ||
| Q3 25 | $32.1M | $24.8M | ||
| Q2 25 | $32.0M | — | ||
| Q1 25 | $32.3M | $23.7M | ||
| Q4 24 | $34.8M | $30.2M | ||
| Q3 24 | $35.3M | $25.1M | ||
| Q2 24 | $35.8M | $22.5M | ||
| Q1 24 | $36.0M | $17.7M |
净利润DHXRUM
| Q4 25 | $951.0K | $-32.7M | ||
| Q3 25 | $-4.3M | $-16.3M | ||
| Q2 25 | $-841.0K | — | ||
| Q1 25 | $-9.4M | $-2.7M | ||
| Q4 24 | $1.0M | $-236.8M | ||
| Q3 24 | $-200.0K | $-31.5M | ||
| Q2 24 | $943.0K | $-26.8M | ||
| Q1 24 | $-1.5M | $-43.3M |
毛利率DHXRUM
| Q4 25 | — | 5.5% | ||
| Q3 25 | 85.7% | -1.8% | ||
| Q2 25 | 84.0% | — | ||
| Q1 25 | 83.4% | -26.7% | ||
| Q4 24 | — | -14.2% | ||
| Q3 24 | 85.6% | -45.4% | ||
| Q2 24 | 85.5% | -58.8% | ||
| Q1 24 | 86.5% | -79.5% |
营业利润率DHXRUM
| Q4 25 | 10.4% | -131.1% | ||
| Q3 25 | -14.0% | -113.6% | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | -27.5% | -153.5% | ||
| Q4 24 | 5.0% | -80.1% | ||
| Q3 24 | 1.8% | -131.0% | ||
| Q2 24 | 5.6% | -172.7% | ||
| Q1 24 | 5.5% | -197.4% |
净利率DHXRUM
| Q4 25 | 3.0% | -120.8% | ||
| Q3 25 | -13.3% | -65.7% | ||
| Q2 25 | -2.6% | — | ||
| Q1 25 | -28.9% | -11.2% | ||
| Q4 24 | 2.9% | -783.2% | ||
| Q3 24 | -0.6% | -125.9% | ||
| Q2 24 | 2.6% | -119.2% | ||
| Q1 24 | -4.2% | -244.1% |
每股收益（稀释后）DHXRUM
| Q4 25 | $0.03 | $-0.13 | ||
| Q3 25 | $-0.10 | $-0.06 | ||
| Q2 25 | $-0.02 | — | ||
| Q1 25 | $-0.21 | $-0.01 | ||
| Q4 24 | $0.02 | $-1.17 | ||
| Q3 24 | $0.00 | $-0.15 | ||
| Q2 24 | $0.02 | $-0.13 | ||
| Q1 24 | $-0.03 | $-0.21 |
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 | $237.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $94.5M | $274.8M |
| 总资产 | $188.2M | $336.8M |
| 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DHXRUM
| Q4 25 | $2.9M | $237.9M | ||
| Q3 25 | $2.3M | $269.8M | ||
| Q2 25 | $2.8M | — | ||
| Q1 25 | $2.7M | $301.3M | ||
| Q4 24 | $3.7M | $114.0M | ||
| Q3 24 | $2.1M | $132.0M | ||
| Q2 24 | $3.0M | $154.2M | ||
| Q1 24 | $3.2M | $183.8M |
总债务DHXRUM
| Q4 25 | — | — | ||
| Q3 25 | $30.0M | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $33.0M | — | ||
| Q4 24 | $32.0M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $35.0M | — | ||
| Q1 24 | $41.0M | — |
股东权益DHXRUM
| Q4 25 | $94.5M | $274.8M | ||
| Q3 25 | $97.3M | $302.2M | ||
| Q2 25 | $102.5M | — | ||
| Q1 25 | $103.9M | $339.6M | ||
| Q4 24 | $114.3M | $-63.1M | ||
| Q3 24 | $111.3M | $166.1M | ||
| Q2 24 | $109.8M | $192.7M | ||
| Q1 24 | $106.6M | $210.7M |
总资产DHXRUM
| Q4 25 | $188.2M | $336.8M | ||
| Q3 25 | $192.5M | $367.2M | ||
| Q2 25 | $204.9M | — | ||
| Q1 25 | $212.1M | $391.1M | ||
| Q4 24 | $221.4M | $195.3M | ||
| Q3 24 | $219.4M | $217.2M | ||
| Q2 24 | $224.4M | $243.2M | ||
| Q1 24 | $231.9M | $263.0M |
负债/权益比DHXRUM
| Q4 25 | — | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.32× | — | ||
| 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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | $5.7M | $-31.7M |
| 自由现金流率自由现金流/营收 | 18.1% | -117.2% |
| 资本支出强度资本支出/营收 | 4.9% | 8.5% |
| 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 | $-70.8M |
8季度趋势，按日历期对齐
经营现金流DHXRUM
| Q4 25 | $7.2M | $-29.4M | ||
| Q3 25 | $4.8M | $-10.6M | ||
| Q2 25 | $6.9M | — | ||
| Q1 25 | $2.2M | $-14.5M | ||
| Q4 24 | $4.4M | $-12.4M | ||
| Q3 24 | $5.5M | $-19.1M | ||
| Q2 24 | $9.1M | $-21.7M | ||
| Q1 24 | $2.1M | $-33.9M |
自由现金流DHXRUM
| Q4 25 | $5.7M | $-31.7M | ||
| Q3 25 | $3.2M | $-12.0M | ||
| Q2 25 | $4.8M | — | ||
| Q1 25 | $88.0K | $-14.6M | ||
| Q4 24 | $1.6M | $-12.4M | ||
| Q3 24 | $2.3M | $-19.9M | ||
| Q2 24 | $5.6M | $-23.1M | ||
| Q1 24 | $-2.4M | $-34.3M |
自由现金流率DHXRUM
| Q4 25 | 18.1% | -117.2% | ||
| Q3 25 | 9.9% | -48.6% | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 0.3% | -61.7% | ||
| Q4 24 | 4.6% | -40.9% | ||
| Q3 24 | 6.5% | -79.5% | ||
| Q2 24 | 15.6% | -102.8% | ||
| Q1 24 | -6.5% | -193.3% |
资本支出强度DHXRUM
| Q4 25 | 4.9% | 8.5% | ||
| Q3 25 | 5.0% | 5.7% | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 6.7% | 0.6% | ||
| Q4 24 | 8.0% | 0.1% | ||
| Q3 24 | 9.2% | 3.4% | ||
| Q2 24 | 9.7% | 6.1% | ||
| Q1 24 | 12.3% | 2.4% |
现金转化率DHXRUM
| Q4 25 | 7.60× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.27× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.61× | — | ||
| 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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
