vs
Digimarc CORP（DMRC）与HENNESSY ADVISORS INC（HNNA）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HENNESSY ADVISORS INC的1.1倍（$8.9M vs $8.3M），HENNESSY ADVISORS INC净利率更高（23.2% vs -47.2%，领先70.4%），Digimarc CORP同比增速更快（2.9% vs -14.3%），Digimarc CORP自由现金流更多（$895.0K vs $601.0K），过去两年HENNESSY ADVISORS INC的营收复合增速更高（9.5% 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。
总部位于美国的上市投资管理企业Hennessy Advisors Inc，提供共同基金、独立管理账户及专业投资咨询服务，服务覆盖个人投资者、金融中介与机构客户，核心业务包括适配不同风险偏好的定制化股票及固定收益投资策略。
DMRC vs HNNA — 直观对比
营收规模更大
DMRC
是对方的1.1倍
$8.3M
营收增速更快
DMRC
高出17.2%
-14.3%
净利率更高
HNNA
高出70.4%
-47.2%
自由现金流更多
DMRC
多$294.0K
$601.0K
两年增速更快
HNNA
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $8.3M |
| 净利润 | $-4.2M | $1.9M |
| 毛利率 | 63.5% | — |
| 营业利润率 | -48.2% | 31.3% |
| 净利率 | -47.2% | 23.2% |
| 营收同比 | 2.9% | -14.3% |
| 净利润同比 | 51.4% | -31.9% |
| 每股收益（稀释后） | $-0.18 | $0.24 |
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DMRCHNNA
| Q4 25 | $8.9M | $8.3M | ||
| Q3 25 | $7.6M | $8.5M | ||
| Q2 25 | $8.0M | $8.1M | ||
| Q1 25 | $9.4M | $9.3M | ||
| Q4 24 | $8.7M | $9.7M | ||
| Q3 24 | $9.4M | $8.8M | ||
| Q2 24 | $10.4M | $7.8M | ||
| Q1 24 | $9.9M | $6.9M |
净利润DMRCHNNA
| Q4 25 | $-4.2M | $1.9M | ||
| Q3 25 | $-8.2M | $2.4M | ||
| Q2 25 | $-8.2M | $2.1M | ||
| Q1 25 | $-11.7M | $2.6M | ||
| Q4 24 | $-8.6M | $2.8M | ||
| Q3 24 | $-10.8M | $2.3M | ||
| Q2 24 | $-9.3M | $2.0M | ||
| Q1 24 | $-10.3M | $1.5M |
毛利率DMRCHNNA
| 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DMRCHNNA
| Q4 25 | -48.2% | 31.3% | ||
| Q3 25 | -109.7% | 35.5% | ||
| Q2 25 | -105.2% | 35.4% | ||
| Q1 25 | -128.9% | 37.2% | ||
| Q4 24 | -105.1% | 39.5% | ||
| Q3 24 | -120.4% | 33.5% | ||
| Q2 24 | -96.2% | 33.2% | ||
| Q1 24 | -109.2% | 27.7% |
净利率DMRCHNNA
| Q4 25 | -47.2% | 23.2% | ||
| Q3 25 | -106.9% | 28.5% | ||
| Q2 25 | -102.6% | 26.3% | ||
| Q1 25 | -125.2% | 27.8% | ||
| Q4 24 | -99.9% | 29.2% | ||
| Q3 24 | -113.9% | 26.5% | ||
| Q2 24 | -89.3% | 26.1% | ||
| Q1 24 | -104.0% | 22.2% |
每股收益（稀释后）DMRCHNNA
| Q4 25 | $-0.18 | $0.24 | ||
| Q3 25 | $-0.38 | $0.32 | ||
| Q2 25 | $-0.38 | $0.26 | ||
| Q1 25 | $-0.55 | $0.33 | ||
| Q4 24 | $-0.40 | $0.36 | ||
| Q3 24 | $-0.50 | $0.30 | ||
| Q2 24 | $-0.43 | $0.26 | ||
| Q1 24 | $-0.50 | $0.20 |
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 | $72.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $98.9M |
| 总资产 | $53.0M | $159.6M |
| 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DMRCHNNA
| Q4 25 | $12.9M | $72.0M | ||
| Q3 25 | $12.6M | $72.4M | ||
| Q2 25 | $16.1M | $70.3M | ||
| Q1 25 | $21.6M | $67.6M | ||
| Q4 24 | $28.7M | $65.0M | ||
| Q3 24 | $33.7M | $63.9M | ||
| Q2 24 | $41.5M | $62.0M | ||
| Q1 24 | $48.9M | $59.6M |
股东权益DMRCHNNA
| Q4 25 | $40.2M | $98.9M | ||
| Q3 25 | $41.4M | $97.7M | ||
| Q2 25 | $46.5M | $96.5M | ||
| Q1 25 | $50.0M | $95.2M | ||
| Q4 24 | $61.4M | $93.4M | ||
| Q3 24 | $70.2M | $91.3M | ||
| Q2 24 | $77.2M | $90.2M | ||
| Q1 24 | $84.5M | $88.9M |
总资产DMRCHNNA
| Q4 25 | $53.0M | $159.6M | ||
| Q3 25 | $55.4M | $160.5M | ||
| Q2 25 | $60.7M | $158.0M | ||
| Q1 25 | $66.5M | $155.5M | ||
| Q4 24 | $75.8M | $153.3M | ||
| Q3 24 | $85.0M | $152.1M | ||
| Q2 24 | $93.4M | $149.5M | ||
| Q1 24 | $99.7M | $147.3M |
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 | $661.0K |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $601.0K |
| 自由现金流率自由现金流/营收 | 10.0% | 7.2% |
| 资本支出强度资本支出/营收 | 1.1% | 0.7% |
| 现金转化率经营现金流/净利润 | — | 0.34× |
| 过去12个月自由现金流最近4个季度 | $-12.3M | $21.6M |
8季度趋势，按日历期对齐
经营现金流DMRCHNNA
| Q4 25 | $991.0K | $661.0K | ||
| Q3 25 | $-2.6M | $13.8M | ||
| Q2 25 | $-4.7M | $4.0M | ||
| Q1 25 | $-5.5M | $3.7M | ||
| Q4 24 | $-4.2M | $2.2M | ||
| Q3 24 | $-7.1M | $9.3M | ||
| Q2 24 | $-6.8M | $3.6M | ||
| Q1 24 | $-8.4M | $1.9M |
自由现金流DMRCHNNA
| Q4 25 | $895.0K | $601.0K | ||
| Q3 25 | $-2.8M | $13.4M | ||
| Q2 25 | $-4.9M | $3.9M | ||
| Q1 25 | $-5.5M | $3.7M | ||
| Q4 24 | $-4.2M | $2.1M | ||
| Q3 24 | $-7.2M | $9.0M | ||
| Q2 24 | $-6.9M | $3.5M | ||
| Q1 24 | $-8.5M | $1.8M |
自由现金流率DMRCHNNA
| Q4 25 | 10.0% | 7.2% | ||
| Q3 25 | -36.9% | 157.1% | ||
| Q2 25 | -61.0% | 49.0% | ||
| Q1 25 | -59.1% | 39.5% | ||
| Q4 24 | -49.1% | 21.8% | ||
| Q3 24 | -75.7% | 102.1% | ||
| Q2 24 | -66.1% | 44.4% | ||
| Q1 24 | -85.8% | 26.0% |
资本支出强度DMRCHNNA
| Q4 25 | 1.1% | 0.7% | ||
| Q3 25 | 2.9% | 5.2% | ||
| Q2 25 | 2.5% | 0.8% | ||
| Q1 25 | 0.6% | 0.9% | ||
| Q4 24 | 0.2% | 1.2% | ||
| Q3 24 | 0.7% | 3.6% | ||
| Q2 24 | 0.3% | 1.2% | ||
| Q1 24 | 1.1% | 1.0% |
现金转化率DMRCHNNA
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 5.69× | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 3.98× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 1.22× |
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% |
HNNA
| Investment Advice | $7.8M | 93% |
| Other | $559.0K | 7% |
