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DORCHESTER MINERALS, L.P.（DMLP）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DORCHESTER MINERALS, L.P.的1.5倍（$62.4M vs $41.9M），DORCHESTER MINERALS, L.P.净利率更高（38.7% vs -0.1%，领先38.8%），PDF SOLUTIONS INC同比增速更快（24.6% vs 5.4%），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 16.2%）
多切斯特矿业有限合伙是一家总部位于美国的上市有限合伙企业，主要收购、持有及管理油气相关的特许权权益、净利润权益、矿产产权等多元化资产组合，资产覆盖美国多个核心陆上油气产区，为合伙份额持有人提供稳定的现金流回报。
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。
DMLP vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.5倍
$41.9M
营收增速更快
PDFS
高出19.2%
5.4%
净利率更高
DMLP
高出38.8%
-0.1%
两年增速更快
PDFS
近两年复合增速
16.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.9M | $62.4M |
| 净利润 | $16.2M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | — | 5.5% |
| 净利率 | 38.7% | -0.1% |
| 营收同比 | 5.4% | 24.6% |
| 净利润同比 | 13.7% | -108.9% |
| 每股收益（稀释后） | — | $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DMLPPDFS
| Q4 25 | $41.9M | $62.4M | ||
| Q3 25 | $35.4M | $57.1M | ||
| Q2 25 | $32.4M | $51.7M | ||
| Q1 25 | $43.2M | $47.8M | ||
| Q4 24 | $39.7M | $50.1M | ||
| Q3 24 | $53.5M | $46.4M | ||
| Q2 24 | $37.4M | $41.7M | ||
| Q1 24 | $31.0M | $41.3M |
净利润DMLPPDFS
| Q4 25 | $16.2M | $-48.0K | ||
| Q3 25 | $11.2M | $1.3M | ||
| Q2 25 | $12.3M | $1.1M | ||
| Q1 25 | $17.6M | $-3.0M | ||
| Q4 24 | $14.2M | $539.0K | ||
| Q3 24 | $36.4M | $2.2M | ||
| Q2 24 | $23.6M | $1.7M | ||
| Q1 24 | $18.2M | $-393.0K |
毛利率DMLPPDFS
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 72.9% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 67.3% |
营业利润率DMLPPDFS
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | -4.7% |
净利率DMLPPDFS
| Q4 25 | 38.7% | -0.1% | ||
| Q3 25 | 31.5% | 2.3% | ||
| Q2 25 | 38.1% | 2.2% | ||
| Q1 25 | 40.9% | -6.3% | ||
| Q4 24 | 35.9% | 1.1% | ||
| Q3 24 | 68.1% | 4.8% | ||
| Q2 24 | 63.2% | 4.1% | ||
| Q1 24 | 58.6% | -1.0% |
每股收益（稀释后）DMLPPDFS
| Q4 25 | — | $0.00 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | — | $0.03 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $0.06 | ||
| Q2 24 | — | $0.04 | ||
| Q1 24 | — | $-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 | $41.9M | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | — | $271.0M |
| 总资产 | $309.6M | $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DMLPPDFS
| Q4 25 | $41.9M | $42.2M | ||
| Q3 25 | $41.6M | $35.9M | ||
| Q2 25 | $36.5M | $40.4M | ||
| Q1 25 | $41.5M | $54.1M | ||
| Q4 24 | $42.5M | $114.9M | ||
| Q3 24 | $56.5M | $120.2M | ||
| Q2 24 | $35.2M | $117.9M | ||
| Q1 24 | $37.7M | $122.9M |
总债务DMLPPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DMLPPDFS
| Q4 25 | — | $271.0M | ||
| Q3 25 | — | $264.4M | ||
| Q2 25 | — | $257.5M | ||
| Q1 25 | — | $249.0M | ||
| Q4 24 | — | $246.0M | ||
| Q3 24 | — | $240.5M | ||
| Q2 24 | — | $232.2M | ||
| Q1 24 | — | $225.4M |
总资产DMLPPDFS
| Q4 25 | $309.6M | $418.7M | ||
| Q3 25 | $330.4M | $406.4M | ||
| Q2 25 | $325.6M | $391.1M | ||
| Q1 25 | $349.0M | $390.0M | ||
| Q4 24 | $366.8M | $315.3M | ||
| Q3 24 | $403.4M | $307.4M | ||
| Q2 24 | $176.0M | $298.0M | ||
| Q1 24 | $184.8M | $286.8M |
负债/权益比DMLPPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $34.3M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | — | $7.5M |
| 自由现金流率自由现金流/营收 | — | 12.1% |
| 资本支出强度资本支出/营收 | — | 15.7% |
| 现金转化率经营现金流/净利润 | 2.12× | — |
| 过去12个月自由现金流最近4个季度 | — | $-8.6M |
8季度趋势，按日历期对齐
经营现金流DMLPPDFS
| Q4 25 | $34.3M | $17.3M | ||
| Q3 25 | $34.3M | $3.3M | ||
| Q2 25 | $30.5M | $-5.2M | ||
| Q1 25 | $33.4M | $8.6M | ||
| Q4 24 | $31.5M | $1.6M | ||
| Q3 24 | $43.7M | $9.3M | ||
| Q2 24 | $29.4M | $684.0K | ||
| Q1 24 | $28.0M | $-1.9M |
自由现金流DMLPPDFS
| Q4 25 | — | $7.5M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | $-13.8M | ||
| Q1 25 | — | $535.0K | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $-3.9M |
自由现金流率DMLPPDFS
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | -5.1% | ||
| Q2 25 | — | -26.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | -8.0% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | -11.1% | ||
| Q1 24 | — | -9.4% |
资本支出强度DMLPPDFS
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | 4.9% |
现金转化率DMLPPDFS
| Q4 25 | 2.12× | — | ||
| Q3 25 | 3.07× | 2.54× | ||
| Q2 25 | 2.47× | -4.55× | ||
| Q1 25 | 1.89× | — | ||
| Q4 24 | 2.21× | 2.98× | ||
| Q3 24 | 1.20× | 4.20× | ||
| Q2 24 | 1.25× | 0.40× | ||
| Q1 24 | 1.54× | — |
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
DMLP
| Royalties | $34.0M | 81% |
| Other | $7.8M | 19% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
