vs
Digimarc CORP（DMRC）与PIONEER POWER SOLUTIONS, INC.（PPSI）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PIONEER POWER SOLUTIONS, INC.的1.6倍（$8.9M vs $5.6M），PIONEER POWER SOLUTIONS, INC.净利率更高（-24.7% vs -47.2%，领先22.5%），Digimarc CORP同比增速更快（2.9% vs -42.3%），Digimarc CORP自由现金流更多（$895.0K vs $-2.2M），过去两年PIONEER POWER SOLUTIONS, INC.的营收复合增速更高（30.3% 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。
该企业旗下的卡特彼勒能源解决方案有限公司是一家机械工程企业，总部位于德国巴登-符腾堡州曼海姆市。2013年11月前，它一直以曼海姆发动机厂（MWM）之名运营，2009年按营收计算，它是全球第三大燃气发动机与柴油发动机生产商。
DMRC vs PPSI — 直观对比
营收规模更大
DMRC
是对方的1.6倍
$5.6M
营收增速更快
DMRC
高出45.2%
-42.3%
净利率更高
PPSI
高出22.5%
-47.2%
自由现金流更多
DMRC
多$3.1M
$-2.2M
两年增速更快
PPSI
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $5.6M |
| 净利润 | $-4.2M | $-1.4M |
| 毛利率 | 63.5% | 23.5% |
| 营业利润率 | -48.2% | -19.4% |
| 净利率 | -47.2% | -24.7% |
| 营收同比 | 2.9% | -42.3% |
| 净利润同比 | 51.4% | -103.8% |
| 每股收益（稀释后） | $-0.18 | $-0.12 |
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DMRCPPSI
| Q4 25 | $8.9M | $5.6M | ||
| Q3 25 | $7.6M | $6.9M | ||
| Q2 25 | $8.0M | $8.4M | ||
| Q1 25 | $9.4M | $6.7M | ||
| Q4 24 | $8.7M | $9.8M | ||
| Q3 24 | $9.4M | $6.4M | ||
| Q2 24 | $10.4M | $3.4M | ||
| Q1 24 | $9.9M | $3.3M |
净利润DMRCPPSI
| Q4 25 | $-4.2M | $-1.4M | ||
| Q3 25 | $-8.2M | $-2.4M | ||
| Q2 25 | $-8.2M | $-1.3M | ||
| Q1 25 | $-11.7M | $-929.0K | ||
| Q4 24 | $-8.6M | $36.3M | ||
| Q3 24 | $-10.8M | $-1.1M | ||
| Q2 24 | $-9.3M | $-2.3M | ||
| Q1 24 | $-10.3M | $-1.0M |
毛利率DMRCPPSI
| Q4 25 | 63.5% | 23.5% | ||
| Q3 25 | 58.3% | 9.3% | ||
| Q2 25 | 58.8% | 15.7% | ||
| Q1 25 | 65.0% | 2.2% | ||
| Q4 24 | 60.8% | 28.9% | ||
| Q3 24 | 62.4% | 23.7% | ||
| Q2 24 | 66.1% | 18.9% | ||
| Q1 24 | 62.5% | 16.1% |
营业利润率DMRCPPSI
| Q4 25 | -48.2% | -19.4% | ||
| Q3 25 | -109.7% | -21.0% | ||
| Q2 25 | -105.2% | -20.4% | ||
| Q1 25 | -128.9% | -34.8% | ||
| Q4 24 | -105.1% | -11.0% | ||
| Q3 24 | -120.4% | -11.1% | ||
| Q2 24 | -96.2% | -51.1% | ||
| Q1 24 | -109.2% | -52.1% |
净利率DMRCPPSI
| Q4 25 | -47.2% | -24.7% | ||
| Q3 25 | -106.9% | -34.1% | ||
| Q2 25 | -102.6% | -15.9% | ||
| Q1 25 | -125.2% | -13.8% | ||
| Q4 24 | -99.9% | 372.1% | ||
| Q3 24 | -113.9% | -17.5% | ||
| Q2 24 | -89.3% | -67.2% | ||
| Q1 24 | -104.0% | -31.2% |
每股收益（稀释后）DMRCPPSI
| Q4 25 | $-0.18 | $-0.12 | ||
| Q3 25 | $-0.38 | $-0.21 | ||
| Q2 25 | $-0.38 | $-0.12 | ||
| Q1 25 | $-0.55 | $-0.09 | ||
| Q4 24 | $-0.40 | $3.31 | ||
| Q3 24 | $-0.50 | $-0.10 | ||
| Q2 24 | $-0.43 | $-0.21 | ||
| Q1 24 | $-0.50 | $-0.10 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $29.3M |
| 总资产 | $53.0M | $35.5M |
| 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DMRCPPSI
| Q4 25 | $12.9M | — | ||
| Q3 25 | $12.6M | — | ||
| Q2 25 | $16.1M | $18.0M | ||
| Q1 25 | $21.6M | $25.8M | ||
| Q4 24 | $28.7M | $41.6M | ||
| Q3 24 | $33.7M | $3.1M | ||
| Q2 24 | $41.5M | $6.5M | ||
| Q1 24 | $48.9M | $6.2M |
股东权益DMRCPPSI
| Q4 25 | $40.2M | $29.3M | ||
| Q3 25 | $41.4M | $30.7M | ||
| Q2 25 | $46.5M | $33.0M | ||
| Q1 25 | $50.0M | $34.5M | ||
| Q4 24 | $61.4M | $35.4M | ||
| Q3 24 | $70.2M | $14.7M | ||
| Q2 24 | $77.2M | $15.8M | ||
| Q1 24 | $84.5M | $18.1M |
总资产DMRCPPSI
| Q4 25 | $53.0M | $35.5M | ||
| Q3 25 | $55.4M | $37.6M | ||
| Q2 25 | $60.7M | $39.1M | ||
| Q1 25 | $66.5M | $47.5M | ||
| Q4 24 | $75.8M | $66.0M | ||
| Q3 24 | $85.0M | $40.1M | ||
| Q2 24 | $93.4M | $38.0M | ||
| Q1 24 | $99.7M | $39.3M |
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 | $-1.0M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-2.2M |
| 自由现金流率自由现金流/营收 | 10.0% | -38.8% |
| 资本支出强度资本支出/营收 | 1.1% | 20.3% |
| 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 | $-8.5M |
8季度趋势，按日历期对齐
经营现金流DMRCPPSI
| Q4 25 | $991.0K | $-1.0M | ||
| Q3 25 | $-2.6M | $-817.0K | ||
| Q2 25 | $-4.7M | $-5.5M | ||
| Q1 25 | $-5.5M | $1.5M | ||
| Q4 24 | $-4.2M | $-2.1M | ||
| Q3 24 | $-7.1M | $-2.7M | ||
| Q2 24 | $-6.8M | $571.0K | ||
| Q1 24 | $-8.4M | $-1.9M |
自由现金流DMRCPPSI
| Q4 25 | $895.0K | $-2.2M | ||
| Q3 25 | $-2.8M | $-1.6M | ||
| Q2 25 | $-4.9M | $-5.6M | ||
| Q1 25 | $-5.5M | $907.0K | ||
| Q4 24 | $-4.2M | $-4.6M | ||
| Q3 24 | $-7.2M | $-3.4M | ||
| Q2 24 | $-6.9M | $170.0K | ||
| Q1 24 | $-8.5M | $-2.2M |
自由现金流率DMRCPPSI
| Q4 25 | 10.0% | -38.8% | ||
| Q3 25 | -36.9% | -23.4% | ||
| Q2 25 | -61.0% | -67.0% | ||
| Q1 25 | -59.1% | 13.5% | ||
| Q4 24 | -49.1% | -46.9% | ||
| Q3 24 | -75.7% | -53.0% | ||
| Q2 24 | -66.1% | 5.0% | ||
| Q1 24 | -85.8% | -65.2% |
资本支出强度DMRCPPSI
| Q4 25 | 1.1% | 20.3% | ||
| Q3 25 | 2.9% | 11.5% | ||
| Q2 25 | 2.5% | 1.7% | ||
| Q1 25 | 0.6% | 8.8% | ||
| Q4 24 | 0.2% | 25.4% | ||
| Q3 24 | 0.7% | 10.3% | ||
| Q2 24 | 0.3% | 11.8% | ||
| Q1 24 | 1.1% | 6.4% |
现金转化率DMRCPPSI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
PPSI
| Total Revenue | $4.0M | 70% |
| Other | $1.7M | 30% |
