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Digimarc CORP（DMRC）与Optex Systems Holdings Inc（OPXS）财务数据对比。点击上方公司名可切换其他公司
Optex Systems Holdings Inc的季度营收约是Digimarc CORP的1.0倍（$9.1M vs $8.9M），Optex Systems Holdings Inc净利率更高（2.6% vs -47.2%，领先49.9%），Optex Systems Holdings Inc同比增速更快（11.6% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-548.0K），过去两年Optex Systems Holdings Inc的营收复合增速更高（3.6% 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。
Optex Systems Holdings Inc.是一家专业光学光电产品制造商，主营高性能军用瞄准系统、激光防护方案、精密光学组件等产品，主要服务于国防、航空航天及工业制造领域，客户遍布全球多个国家和地区。
DMRC vs OPXS — 直观对比
营收规模更大
OPXS
是对方的1.0倍
$8.9M
营收增速更快
OPXS
高出8.7%
2.9%
净利率更高
OPXS
高出49.9%
-47.2%
自由现金流更多
DMRC
多$1.4M
$-548.0K
两年增速更快
OPXS
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $9.1M |
| 净利润 | $-4.2M | $242.0K |
| 毛利率 | 63.5% | 22.9% |
| 营业利润率 | -48.2% | 1.6% |
| 净利率 | -47.2% | 2.6% |
| 营收同比 | 2.9% | 11.6% |
| 净利润同比 | 51.4% | -71.3% |
| 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DMRCOPXS
| Q4 25 | $8.9M | $9.1M | ||
| Q3 25 | $7.6M | $11.3M | ||
| Q2 25 | $8.0M | $11.1M | ||
| Q1 25 | $9.4M | $10.7M | ||
| Q4 24 | $8.7M | $8.2M | ||
| Q3 24 | $9.4M | $9.4M | ||
| Q2 24 | $10.4M | $9.1M | ||
| Q1 24 | $9.9M | $8.5M |
净利润DMRCOPXS
| Q4 25 | $-4.2M | $242.0K | ||
| Q3 25 | $-8.2M | $1.0M | ||
| Q2 25 | $-8.2M | $1.5M | ||
| Q1 25 | $-11.7M | $1.8M | ||
| Q4 24 | $-8.6M | $844.0K | ||
| Q3 24 | $-10.8M | $1.0M | ||
| Q2 24 | $-9.3M | $1.3M | ||
| Q1 24 | $-10.3M | $1.1M |
毛利率DMRCOPXS
| Q4 25 | 63.5% | 22.9% | ||
| Q3 25 | 58.3% | 30.1% | ||
| Q2 25 | 58.8% | 28.5% | ||
| Q1 25 | 65.0% | 31.3% | ||
| Q4 24 | 60.8% | 26.0% | ||
| Q3 24 | 62.4% | 25.5% | ||
| Q2 24 | 66.1% | 31.8% | ||
| Q1 24 | 62.5% | 30.0% |
营业利润率DMRCOPXS
| Q4 25 | -48.2% | 1.6% | ||
| Q3 25 | -109.7% | 18.3% | ||
| Q2 25 | -105.2% | 17.2% | ||
| Q1 25 | -128.9% | 20.8% | ||
| Q4 24 | -105.1% | 11.2% | ||
| Q3 24 | -120.4% | 13.7% | ||
| Q2 24 | -96.2% | 17.8% | ||
| Q1 24 | -109.2% | 15.9% |
净利率DMRCOPXS
| Q4 25 | -47.2% | 2.6% | ||
| Q3 25 | -106.9% | 9.1% | ||
| Q2 25 | -102.6% | 13.6% | ||
| Q1 25 | -125.2% | 16.5% | ||
| Q4 24 | -99.9% | 10.3% | ||
| Q3 24 | -113.9% | 10.7% | ||
| Q2 24 | -89.3% | 13.9% | ||
| Q1 24 | -104.0% | 12.5% |
每股收益（稀释后）DMRCOPXS
| Q4 25 | $-0.18 | $0.03 | ||
| Q3 25 | $-0.38 | $0.14 | ||
| Q2 25 | $-0.38 | $0.22 | ||
| Q1 25 | $-0.55 | $0.26 | ||
| Q4 24 | $-0.40 | $0.12 | ||
| Q3 24 | $-0.50 | $0.15 | ||
| Q2 24 | $-0.43 | $0.18 | ||
| Q1 24 | $-0.50 | $0.16 |
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 | $5.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $24.7M |
| 总资产 | $53.0M | $30.2M |
| 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DMRCOPXS
| Q4 25 | $12.9M | $5.8M | ||
| Q3 25 | $12.6M | $6.4M | ||
| Q2 25 | $16.1M | $4.9M | ||
| Q1 25 | $21.6M | $3.5M | ||
| Q4 24 | $28.7M | $2.5M | ||
| Q3 24 | $33.7M | $1.0M | ||
| Q2 24 | $41.5M | $486.0K | ||
| Q1 24 | $48.9M | $321.0K |
股东权益DMRCOPXS
| Q4 25 | $40.2M | $24.7M | ||
| Q3 25 | $41.4M | $24.3M | ||
| Q2 25 | $46.5M | $23.1M | ||
| Q1 25 | $50.0M | $21.6M | ||
| Q4 24 | $61.4M | $19.7M | ||
| Q3 24 | $70.2M | $18.8M | ||
| Q2 24 | $77.2M | $17.7M | ||
| Q1 24 | $84.5M | $16.5M |
总资产DMRCOPXS
| Q4 25 | $53.0M | $30.2M | ||
| Q3 25 | $55.4M | $30.1M | ||
| Q2 25 | $60.7M | $29.2M | ||
| Q1 25 | $66.5M | $27.5M | ||
| Q4 24 | $75.8M | $24.8M | ||
| Q3 24 | $85.0M | $25.5M | ||
| Q2 24 | $93.4M | $24.9M | ||
| Q1 24 | $99.7M | $23.8M |
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 | $-92.0K |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-548.0K |
| 自由现金流率自由现金流/营收 | 10.0% | -6.0% |
| 资本支出强度资本支出/营收 | 1.1% | 5.0% |
| 现金转化率经营现金流/净利润 | — | -0.38× |
| 过去12个月自由现金流最近4个季度 | $-12.3M | — |
8季度趋势，按日历期对齐
经营现金流DMRCOPXS
| Q4 25 | $991.0K | $-92.0K | ||
| Q3 25 | $-2.6M | $1.6M | ||
| Q2 25 | $-4.7M | $1.4M | ||
| Q1 25 | $-5.5M | $1.2M | ||
| Q4 24 | $-4.2M | $2.8M | ||
| Q3 24 | $-7.1M | $753.0K | ||
| Q2 24 | $-6.8M | $50.0K | ||
| Q1 24 | $-8.4M | $-1.3M |
自由现金流DMRCOPXS
| Q4 25 | $895.0K | $-548.0K | ||
| Q3 25 | $-2.8M | $1.5M | ||
| Q2 25 | $-4.9M | — | ||
| Q1 25 | $-5.5M | $1.1M | ||
| Q4 24 | $-4.2M | $2.5M | ||
| Q3 24 | $-7.2M | $545.0K | ||
| Q2 24 | $-6.9M | $-256.0K | ||
| Q1 24 | $-8.5M | $-1.4M |
自由现金流率DMRCOPXS
| Q4 25 | 10.0% | -6.0% | ||
| Q3 25 | -36.9% | 13.5% | ||
| Q2 25 | -61.0% | — | ||
| Q1 25 | -59.1% | 9.8% | ||
| Q4 24 | -49.1% | 30.3% | ||
| Q3 24 | -75.7% | 5.8% | ||
| Q2 24 | -66.1% | -2.8% | ||
| Q1 24 | -85.8% | -16.3% |
资本支出强度DMRCOPXS
| Q4 25 | 1.1% | 5.0% | ||
| Q3 25 | 2.9% | 0.4% | ||
| Q2 25 | 2.5% | 0.0% | ||
| Q1 25 | 0.6% | 1.2% | ||
| Q4 24 | 0.2% | 3.9% | ||
| Q3 24 | 0.7% | 2.2% | ||
| Q2 24 | 0.3% | 3.4% | ||
| Q1 24 | 1.1% | 1.3% |
现金转化率DMRCOPXS
| Q4 25 | — | -0.38× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 3.32× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.04× | ||
| Q1 24 | — | -1.20× |
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% |
OPXS
| Optex Systems OPX Richardson Texas | $5.3M | 58% |
| Applied Optics Center AOC Dallas | $4.0M | 44% |
