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Digimarc CORP（DMRC）与加拿大自然资源有限公司（GWRS）财务数据对比。点击上方公司名可切换其他公司
加拿大自然资源有限公司的季度营收约是Digimarc CORP的1.5倍（$13.5M vs $8.9M），加拿大自然资源有限公司净利率更高（-7.1% vs -47.2%，领先40.1%），Digimarc CORP同比增速更快（2.9% vs 2.2%），Digimarc CORP自由现金流更多（$895.0K vs $-15.0M），过去两年加拿大自然资源有限公司的营收复合增速更高（8.0% 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。
加拿大自然资源有限公司（简称CNRL）是加拿大顶级油气公司，业务主要分布在不列颠哥伦比亚省、阿尔伯塔省、萨斯喀彻温省、曼尼托巴省等加拿大西部省份，同时在北海英国海域、科特迪瓦及加蓬海域拥有海上作业项目，总部设于阿尔伯塔省卡尔加里。
DMRC vs GWRS — 直观对比
营收规模更大
GWRS
是对方的1.5倍
$8.9M
营收增速更快
DMRC
高出0.7%
2.2%
净利率更高
GWRS
高出40.1%
-47.2%
自由现金流更多
DMRC
多$15.9M
$-15.0M
两年增速更快
GWRS
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $13.5M |
| 净利润 | $-4.2M | $-963.0K |
| 毛利率 | 63.5% | — |
| 营业利润率 | -48.2% | 2.7% |
| 净利率 | -47.2% | -7.1% |
| 营收同比 | 2.9% | 2.2% |
| 净利润同比 | 51.4% | -317.4% |
| 每股收益（稀释后） | $-0.18 | $-0.03 |
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DMRCGWRS
| Q4 25 | $8.9M | $13.5M | ||
| Q3 25 | $7.6M | $15.5M | ||
| Q2 25 | $8.0M | $14.2M | ||
| Q1 25 | $9.4M | $12.5M | ||
| Q4 24 | $8.7M | $13.3M | ||
| Q3 24 | $9.4M | $14.3M | ||
| Q2 24 | $10.4M | $13.5M | ||
| Q1 24 | $9.9M | $11.6M |
净利润DMRCGWRS
| Q4 25 | $-4.2M | $-963.0K | ||
| Q3 25 | $-8.2M | $1.7M | ||
| Q2 25 | $-8.2M | $1.6M | ||
| Q1 25 | $-11.7M | $591.0K | ||
| Q4 24 | $-8.6M | $443.0K | ||
| Q3 24 | $-10.8M | $2.9M | ||
| Q2 24 | $-9.3M | $1.7M | ||
| Q1 24 | $-10.3M | $691.0K |
毛利率DMRCGWRS
| Q4 25 | 63.5% | — | ||
| Q3 25 | 58.3% | — | ||
| Q2 25 | 58.8% | — | ||
| Q1 25 | 65.0% | — | ||
| Q4 24 | 60.8% | — | ||
| Q3 24 | 62.4% | — | ||
| Q2 24 | 66.1% | — | ||
| Q1 24 | 62.5% | — |
营业利润率DMRCGWRS
| Q4 25 | -48.2% | 2.7% | ||
| Q3 25 | -109.7% | 18.8% | ||
| Q2 25 | -105.2% | 18.4% | ||
| Q1 25 | -128.9% | 10.1% | ||
| Q4 24 | -105.1% | 9.9% | ||
| Q3 24 | -120.4% | 27.8% | ||
| Q2 24 | -96.2% | 20.7% | ||
| Q1 24 | -109.2% | 10.9% |
净利率DMRCGWRS
| Q4 25 | -47.2% | -7.1% | ||
| Q3 25 | -106.9% | 11.1% | ||
| Q2 25 | -102.6% | 11.3% | ||
| Q1 25 | -125.2% | 4.7% | ||
| Q4 24 | -99.9% | 3.3% | ||
| Q3 24 | -113.9% | 20.4% | ||
| Q2 24 | -89.3% | 12.8% | ||
| Q1 24 | -104.0% | 6.0% |
每股收益（稀释后）DMRCGWRS
| Q4 25 | $-0.18 | $-0.03 | ||
| Q3 25 | $-0.38 | $0.06 | ||
| Q2 25 | $-0.38 | $0.06 | ||
| Q1 25 | $-0.55 | $0.02 | ||
| Q4 24 | $-0.40 | $0.02 | ||
| Q3 24 | $-0.50 | $0.12 | ||
| Q2 24 | $-0.43 | $0.07 | ||
| Q1 24 | $-0.50 | $0.03 |
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 | $4.1M |
| 总债务越低越好 | — | $133.7M |
| 股东权益账面价值 | $40.2M | $86.6M |
| 总资产 | $53.0M | $482.9M |
| 负债/权益比越低杠杆越低 | — | 1.54× |
8季度趋势，按日历期对齐
现金及短期投资DMRCGWRS
| Q4 25 | $12.9M | $4.1M | ||
| Q3 25 | $12.6M | $15.3M | ||
| Q2 25 | $16.1M | $10.2M | ||
| Q1 25 | $21.6M | $31.5M | ||
| Q4 24 | $28.7M | $9.0M | ||
| Q3 24 | $33.7M | $18.1M | ||
| Q2 24 | $41.5M | $18.1M | ||
| Q1 24 | $48.9M | $20.7M |
总债务DMRCGWRS
| Q4 25 | — | $133.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $118.5M | ||
| Q3 24 | — | $120.4M | ||
| Q2 24 | — | $119.1M | ||
| Q1 24 | — | $121.0M |
股东权益DMRCGWRS
| Q4 25 | $40.2M | $86.6M | ||
| Q3 25 | $41.4M | $89.6M | ||
| Q2 25 | $46.5M | $76.7M | ||
| Q1 25 | $50.0M | $77.2M | ||
| Q4 24 | $61.4M | $47.6M | ||
| Q3 24 | $70.2M | $48.8M | ||
| Q2 24 | $77.2M | $47.6M | ||
| Q1 24 | $84.5M | $47.7M |
总资产DMRCGWRS
| Q4 25 | $53.0M | $482.9M | ||
| Q3 25 | $55.4M | $480.7M | ||
| Q2 25 | $60.7M | $449.4M | ||
| Q1 25 | $66.5M | $443.9M | ||
| Q4 24 | $75.8M | $405.1M | ||
| Q3 24 | $85.0M | $402.9M | ||
| Q2 24 | $93.4M | $384.5M | ||
| Q1 24 | $99.7M | $381.7M |
负债/权益比DMRCGWRS
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.49× | ||
| Q3 24 | — | 2.47× | ||
| Q2 24 | — | 2.50× | ||
| Q1 24 | — | 2.54× |
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 | $2.7M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-15.0M |
| 自由现金流率自由现金流/营收 | 10.0% | -110.8% |
| 资本支出强度资本支出/营收 | 1.1% | 130.7% |
| 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 | $-47.2M |
8季度趋势，按日历期对齐
经营现金流DMRCGWRS
| Q4 25 | $991.0K | $2.7M | ||
| Q3 25 | $-2.6M | $8.6M | ||
| Q2 25 | $-4.7M | $1.4M | ||
| Q1 25 | $-5.5M | $7.5M | ||
| Q4 24 | $-4.2M | $6.0M | ||
| Q3 24 | $-7.1M | $2.2M | ||
| Q2 24 | $-6.8M | $5.5M | ||
| Q1 24 | $-8.4M | $8.1M |
自由现金流DMRCGWRS
| Q4 25 | $895.0K | $-15.0M | ||
| Q3 25 | $-2.8M | $-5.6M | ||
| Q2 25 | $-4.9M | $-18.8M | ||
| Q1 25 | $-5.5M | $-7.7M | ||
| Q4 24 | $-4.2M | $-7.2M | ||
| Q3 24 | $-7.2M | $-4.7M | ||
| Q2 24 | $-6.9M | $-943.0K | ||
| Q1 24 | $-8.5M | $2.3M |
自由现金流率DMRCGWRS
| Q4 25 | 10.0% | -110.8% | ||
| Q3 25 | -36.9% | -36.0% | ||
| Q2 25 | -61.0% | -132.2% | ||
| Q1 25 | -59.1% | -62.1% | ||
| Q4 24 | -49.1% | -54.1% | ||
| Q3 24 | -75.7% | -33.1% | ||
| Q2 24 | -66.1% | -7.0% | ||
| Q1 24 | -85.8% | 19.9% |
资本支出强度DMRCGWRS
| Q4 25 | 1.1% | 130.7% | ||
| Q3 25 | 2.9% | 91.7% | ||
| Q2 25 | 2.5% | 141.7% | ||
| Q1 25 | 0.6% | 122.1% | ||
| Q4 24 | 0.2% | 99.3% | ||
| Q3 24 | 0.7% | 48.6% | ||
| Q2 24 | 0.3% | 47.7% | ||
| Q1 24 | 1.1% | 49.6% |
现金转化率DMRCGWRS
| Q4 25 | — | — | ||
| Q3 25 | — | 5.04× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 12.65× | ||
| Q4 24 | — | 13.52× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 3.18× | ||
| Q1 24 | — | 11.68× |
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% |
GWRS
暂无分部数据
