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DELUXE CORP（DLX）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是DELUXE CORP的1.3倍（$685.8M vs $535.2M），PTC Inc.净利率更高（24.3% vs 2.2%，领先22.0%），PTC Inc.同比增速更快（21.4% vs 2.8%），过去两年PTC Inc.的营收复合增速更高（6.6% vs 0.0%）
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
DLX vs PTC — 直观对比
营收规模更大
PTC
是对方的1.3倍
$535.2M
营收增速更快
PTC
高出18.5%
2.8%
净利率更高
PTC
高出22.0%
2.2%
两年增速更快
PTC
近两年复合增速
0.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $535.2M | $685.8M |
| 净利润 | $12.0M | $166.5M |
| 毛利率 | 52.2% | 82.8% |
| 营业利润率 | 8.9% | 32.2% |
| 净利率 | 2.2% | 24.3% |
| 营收同比 | 2.8% | 21.4% |
| 净利润同比 | -5.0% | 102.5% |
| 每股收益（稀释后） | $0.25 | $1.39 |
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DLXPTC
| Q4 25 | $535.2M | $685.8M | ||
| Q3 25 | $540.2M | $893.8M | ||
| Q2 25 | $521.3M | $643.9M | ||
| Q1 25 | $536.5M | $636.4M | ||
| Q4 24 | $520.6M | $565.1M | ||
| Q3 24 | $528.4M | $626.5M | ||
| Q2 24 | $537.8M | $518.6M | ||
| Q1 24 | $535.0M | $603.1M |
净利润DLXPTC
| Q4 25 | $12.0M | $166.5M | ||
| Q3 25 | $33.7M | $347.8M | ||
| Q2 25 | $22.4M | $141.3M | ||
| Q1 25 | $14.0M | $162.6M | ||
| Q4 24 | $12.6M | $82.2M | ||
| Q3 24 | $8.9M | $126.5M | ||
| Q2 24 | $20.5M | $69.0M | ||
| Q1 24 | $10.8M | $114.4M |
毛利率DLXPTC
| Q4 25 | 52.2% | 82.8% | ||
| Q3 25 | 53.9% | 86.9% | ||
| Q2 25 | 53.6% | 82.9% | ||
| Q1 25 | 52.4% | 83.3% | ||
| Q4 24 | 52.3% | 80.2% | ||
| Q3 24 | 53.3% | 82.0% | ||
| Q2 24 | 53.7% | 78.4% | ||
| Q1 24 | 53.0% | 81.8% |
营业利润率DLXPTC
| Q4 25 | 8.9% | 32.2% | ||
| Q3 25 | 14.0% | 48.5% | ||
| Q2 25 | 11.7% | 32.6% | ||
| Q1 25 | 9.0% | 35.1% | ||
| Q4 24 | 9.0% | 20.4% | ||
| Q3 24 | 7.9% | 31.0% | ||
| Q2 24 | 11.0% | 18.5% | ||
| Q1 24 | 8.3% | 29.8% |
净利率DLXPTC
| Q4 25 | 2.2% | 24.3% | ||
| Q3 25 | 6.2% | 38.9% | ||
| Q2 25 | 4.3% | 21.9% | ||
| Q1 25 | 2.6% | 25.6% | ||
| Q4 24 | 2.4% | 14.6% | ||
| Q3 24 | 1.7% | 20.2% | ||
| Q2 24 | 3.8% | 13.3% | ||
| Q1 24 | 2.0% | 19.0% |
每股收益（稀释后）DLXPTC
| Q4 25 | $0.25 | $1.39 | ||
| Q3 25 | $0.74 | $2.88 | ||
| Q2 25 | $0.50 | $1.17 | ||
| Q1 25 | $0.31 | $1.35 | ||
| Q4 24 | $0.28 | $0.68 | ||
| Q3 24 | $0.20 | $1.05 | ||
| Q2 24 | $0.46 | $0.57 | ||
| Q1 24 | $0.24 | $0.95 |
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 | $36.9M | $209.7M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $680.7M | $3.8B |
| 总资产 | $2.9B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资DLXPTC
| Q4 25 | $36.9M | $209.7M | ||
| Q3 25 | $25.8M | $184.4M | ||
| Q2 25 | $26.0M | $199.3M | ||
| Q1 25 | $30.3M | $235.2M | ||
| Q4 24 | $34.4M | $196.3M | ||
| Q3 24 | $41.3M | $265.8M | ||
| Q2 24 | $23.1M | $247.7M | ||
| Q1 24 | $23.5M | $249.0M |
总债务DLXPTC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.5B |
股东权益DLXPTC
| Q4 25 | $680.7M | $3.8B | ||
| Q3 25 | $664.1M | $3.8B | ||
| Q2 25 | $638.7M | $3.5B | ||
| Q1 25 | $622.5M | $3.4B | ||
| Q4 24 | $620.9M | $3.2B | ||
| Q3 24 | $612.7M | $3.2B | ||
| Q2 24 | $620.5M | $3.0B | ||
| Q1 24 | $608.4M | $2.9B |
总资产DLXPTC
| Q4 25 | $2.9B | $6.4B | ||
| Q3 25 | $2.6B | $6.6B | ||
| Q2 25 | $2.5B | $6.2B | ||
| Q1 25 | $2.6B | $6.2B | ||
| Q4 24 | $2.8B | $6.1B | ||
| Q3 24 | $2.6B | $6.4B | ||
| Q2 24 | $2.7B | $6.1B | ||
| Q1 24 | $2.7B | $6.2B |
负债/权益比DLXPTC
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.51× |
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 | $102.1M | $269.7M |
| 自由现金流经营现金流 - 资本支出 | — | $267.4M |
| 自由现金流率自由现金流/营收 | — | 39.0% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 8.53× | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $888.4M |
8季度趋势，按日历期对齐
经营现金流DLXPTC
| Q4 25 | $102.1M | $269.7M | ||
| Q3 25 | $67.1M | $104.0M | ||
| Q2 25 | $51.1M | $243.9M | ||
| Q1 25 | $50.3M | $281.3M | ||
| Q4 24 | $60.2M | $238.4M | ||
| Q3 24 | $67.9M | $98.1M | ||
| Q2 24 | $39.6M | $213.8M | ||
| Q1 24 | $26.6M | $250.7M |
自由现金流DLXPTC
| Q4 25 | — | $267.4M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | $27.8M | $242.0M | ||
| Q1 25 | $24.3M | $278.5M | ||
| Q4 24 | — | $235.7M | ||
| Q3 24 | $46.7M | $93.6M | ||
| Q2 24 | $11.4M | $212.2M | ||
| Q1 24 | $6.1M | $247.1M |
自由现金流率DLXPTC
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | 5.3% | 37.6% | ||
| Q1 25 | 4.5% | 43.8% | ||
| Q4 24 | — | 41.7% | ||
| Q3 24 | 8.8% | 14.9% | ||
| Q2 24 | 2.1% | 40.9% | ||
| Q1 24 | 1.1% | 41.0% |
资本支出强度DLXPTC
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | 4.5% | 0.3% | ||
| Q1 25 | 4.8% | 0.4% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 4.0% | 0.7% | ||
| Q2 24 | 5.2% | 0.3% | ||
| Q1 24 | 3.8% | 0.6% |
现金转化率DLXPTC
| Q4 25 | 8.53× | 1.62× | ||
| Q3 25 | 1.99× | 0.30× | ||
| Q2 25 | 2.28× | 1.73× | ||
| Q1 25 | 3.59× | 1.73× | ||
| Q4 24 | 4.77× | 2.90× | ||
| Q3 24 | 7.60× | 0.78× | ||
| Q2 24 | 1.94× | 3.10× | ||
| Q1 24 | 2.46× | 2.19× |
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
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
