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Digimarc CORP（DMRC）与FUEL TECH, INC.（FTEK）财务数据对比。点击上方公司名可切换其他公司
Digimarc CORP的季度营收约是FUEL TECH, INC.的1.2倍（$8.9M vs $7.2M），FUEL TECH, INC.同比增速更快（37.2% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-2.0M），过去两年FUEL TECH, INC.的营收复合增速更高（20.9% vs -5.3%）
迪吉马克公司是一家企业软件与服务提供商，其主打产品包含带数字标识符的软件，主要用于解决防伪问题、验证产品真伪、提升回收准确性以及实现供应链可追溯，产品可广泛应用于服装、快消品、美妆健康、汽车等多个行业领域。
Rocket Fuel是一家总部位于加利福尼亚州雷德伍德城的广告技术公司，由雅虎前员工于2008年创立，专注于为行业提供相关的广告技术解决方案，在数字营销技术领域拥有创业背景。
DMRC vs FTEK — 直观对比
营收规模更大
DMRC
是对方的1.2倍
$7.2M
营收增速更快
FTEK
高出34.3%
2.9%
自由现金流更多
DMRC
多$2.9M
$-2.0M
两年增速更快
FTEK
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $7.2M |
| 净利润 | $-4.2M | — |
| 毛利率 | 63.5% | 44.6% |
| 营业利润率 | -48.2% | -19.7% |
| 净利率 | -47.2% | — |
| 营收同比 | 2.9% | 37.2% |
| 净利润同比 | 51.4% | — |
| 每股收益（稀释后） | $-0.18 | $-0.05 |
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DMRCFTEK
| Q4 25 | $8.9M | $7.2M | ||
| Q3 25 | $7.6M | $7.5M | ||
| Q2 25 | $8.0M | $5.6M | ||
| Q1 25 | $9.4M | $6.4M | ||
| Q4 24 | $8.7M | $5.3M | ||
| Q3 24 | $9.4M | $7.9M | ||
| Q2 24 | $10.4M | $7.0M | ||
| Q1 24 | $9.9M | $5.0M |
净利润DMRCFTEK
| Q4 25 | $-4.2M | — | ||
| Q3 25 | $-8.2M | $303.0K | ||
| Q2 25 | $-8.2M | $-689.0K | ||
| Q1 25 | $-11.7M | $-739.0K | ||
| Q4 24 | $-8.6M | — | ||
| Q3 24 | $-10.8M | $80.0K | ||
| Q2 24 | $-9.3M | $-421.0K | ||
| Q1 24 | $-10.3M | $281.0K |
毛利率DMRCFTEK
| Q4 25 | 63.5% | 44.6% | ||
| Q3 25 | 58.3% | 48.9% | ||
| Q2 25 | 58.8% | 45.5% | ||
| Q1 25 | 65.0% | 46.4% | ||
| Q4 24 | 60.8% | 42.3% | ||
| Q3 24 | 62.4% | 43.4% | ||
| Q2 24 | 66.1% | 41.9% | ||
| Q1 24 | 62.5% | 40.9% |
营业利润率DMRCFTEK
| Q4 25 | -48.2% | -19.7% | ||
| Q3 25 | -109.7% | 0.1% | ||
| Q2 25 | -105.2% | -23.5% | ||
| Q1 25 | -128.9% | -14.9% | ||
| Q4 24 | -105.1% | -40.1% | ||
| Q3 24 | -120.4% | -2.3% | ||
| Q2 24 | -96.2% | -10.2% | ||
| Q1 24 | -109.2% | -34.1% |
净利率DMRCFTEK
| Q4 25 | -47.2% | — | ||
| Q3 25 | -106.9% | 4.0% | ||
| Q2 25 | -102.6% | -12.4% | ||
| Q1 25 | -125.2% | -11.6% | ||
| Q4 24 | -99.9% | — | ||
| Q3 24 | -113.9% | 1.0% | ||
| Q2 24 | -89.3% | -6.0% | ||
| Q1 24 | -104.0% | 5.7% |
每股收益（稀释后）DMRCFTEK
| Q4 25 | $-0.18 | $-0.05 | ||
| Q3 25 | $-0.38 | $0.01 | ||
| Q2 25 | $-0.38 | $-0.02 | ||
| Q1 25 | $-0.55 | $-0.02 | ||
| Q4 24 | $-0.40 | $-0.06 | ||
| Q3 24 | $-0.50 | $0.00 | ||
| Q2 24 | $-0.43 | $-0.01 | ||
| Q1 24 | $-0.50 | $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 | $12.9M | $24.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $39.9M |
| 总资产 | $53.0M | $47.2M |
| 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DMRCFTEK
| Q4 25 | $12.9M | $24.9M | ||
| Q3 25 | $12.6M | $25.9M | ||
| Q2 25 | $16.1M | $23.0M | ||
| Q1 25 | $21.6M | $21.8M | ||
| Q4 24 | $28.7M | $18.7M | ||
| Q3 24 | $33.7M | $20.4M | ||
| Q2 24 | $41.5M | $20.1M | ||
| Q1 24 | $48.9M | $23.3M |
股东权益DMRCFTEK
| Q4 25 | $40.2M | $39.9M | ||
| Q3 25 | $41.4M | $41.0M | ||
| Q2 25 | $46.5M | $40.7M | ||
| Q1 25 | $50.0M | $41.4M | ||
| Q4 24 | $61.4M | $42.0M | ||
| Q3 24 | $70.2M | $43.9M | ||
| Q2 24 | $77.2M | $43.6M | ||
| Q1 24 | $84.5M | $44.0M |
总资产DMRCFTEK
| Q4 25 | $53.0M | $47.2M | ||
| Q3 25 | $55.4M | $47.9M | ||
| Q2 25 | $60.7M | $47.0M | ||
| Q1 25 | $66.5M | $46.7M | ||
| Q4 24 | $75.8M | $48.8M | ||
| Q3 24 | $85.0M | $50.1M | ||
| Q2 24 | $93.4M | $49.0M | ||
| Q1 24 | $99.7M | $49.4M |
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 | $991.0K | $-1.6M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-2.0M |
| 自由现金流率自由现金流/营收 | 10.0% | -27.7% |
| 资本支出强度资本支出/营收 | 1.1% | 6.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-12.3M | $2.3M |
8季度趋势，按日历期对齐
经营现金流DMRCFTEK
| Q4 25 | $991.0K | $-1.6M | ||
| Q3 25 | $-2.6M | $3.1M | ||
| Q2 25 | $-4.7M | $-21.0K | ||
| Q1 25 | $-5.5M | $1.5M | ||
| Q4 24 | $-4.2M | $-1.6M | ||
| Q3 24 | $-7.1M | $879.0K | ||
| Q2 24 | $-6.8M | $-1.6M | ||
| Q1 24 | $-8.4M | $-1.1M |
自由现金流DMRCFTEK
| Q4 25 | $895.0K | $-2.0M | ||
| Q3 25 | $-2.8M | $3.0M | ||
| Q2 25 | $-4.9M | $-57.0K | ||
| Q1 25 | $-5.5M | $1.4M | ||
| Q4 24 | $-4.2M | $-1.7M | ||
| Q3 24 | $-7.2M | $767.0K | ||
| Q2 24 | $-6.9M | $-1.7M | ||
| Q1 24 | $-8.5M | $-1.2M |
自由现金流率DMRCFTEK
| Q4 25 | 10.0% | -27.7% | ||
| Q3 25 | -36.9% | 39.6% | ||
| Q2 25 | -61.0% | -1.0% | ||
| Q1 25 | -59.1% | 22.6% | ||
| Q4 24 | -49.1% | -32.4% | ||
| Q3 24 | -75.7% | 9.8% | ||
| Q2 24 | -66.1% | -23.8% | ||
| Q1 24 | -85.8% | -24.0% |
资本支出强度DMRCFTEK
| Q4 25 | 1.1% | 6.1% | ||
| Q3 25 | 2.9% | 1.7% | ||
| Q2 25 | 2.5% | 0.6% | ||
| Q1 25 | 0.6% | 1.0% | ||
| Q4 24 | 0.2% | 1.2% | ||
| Q3 24 | 0.7% | 1.4% | ||
| Q2 24 | 0.3% | 1.3% | ||
| Q1 24 | 1.1% | 2.3% |
现金转化率DMRCFTEK
| Q4 25 | — | — | ||
| Q3 25 | — | 10.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.99× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -3.83× |
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
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
FTEK
| Transferred At Point In Time | $5.3M | 73% |
| Other | $2.0M | 27% |
