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Digimarc CORP（DMRC）与橙天嘉禾（SKYH）财务数据对比。点击上方公司名可切换其他公司
Digimarc CORP的季度营收约是橙天嘉禾的1.1倍（$8.9M vs $8.1M），橙天嘉禾净利率更高（119.4% vs -47.2%，领先166.6%），橙天嘉禾同比增速更快（73.6% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-11.8M），过去两年橙天嘉禾的营收复合增速更高（83.1% 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。
橙天嘉禾，前身为1970年至2009年间的嘉禾娱乐事业集团，是总部位于中国香港的影视制作发行及影院运营企业。在1970至1980年代，它长期占据香港电影票房的主导地位，还推动李小龙、成龙、李连杰、洪金宝等打造的香港动作片走向全球，影响深远。
DMRC vs SKYH — 直观对比
营收规模更大
DMRC
是对方的1.1倍
$8.1M
营收增速更快
SKYH
高出70.7%
2.9%
净利率更高
SKYH
高出166.6%
-47.2%
自由现金流更多
DMRC
多$12.7M
$-11.8M
两年增速更快
SKYH
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $8.1M |
| 净利润 | $-4.2M | $9.6M |
| 毛利率 | 63.5% | — |
| 营业利润率 | -48.2% | -74.4% |
| 净利率 | -47.2% | 119.4% |
| 营收同比 | 2.9% | 73.6% |
| 净利润同比 | 51.4% | 171.3% |
| 每股收益（稀释后） | $-0.18 | $0.16 |
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DMRCSKYH
| Q4 25 | $8.9M | $8.1M | ||
| Q3 25 | $7.6M | $7.3M | ||
| Q2 25 | $8.0M | $6.6M | ||
| Q1 25 | $9.4M | $5.6M | ||
| Q4 24 | $8.7M | $4.6M | ||
| Q3 24 | $9.4M | $4.1M | ||
| Q2 24 | $10.4M | $3.6M | ||
| Q1 24 | $9.9M | $2.4M |
净利润DMRCSKYH
| Q4 25 | $-4.2M | $9.6M | ||
| Q3 25 | $-8.2M | $-1.9M | ||
| Q2 25 | $-8.2M | $17.5M | ||
| Q1 25 | $-11.7M | $-6.4M | ||
| Q4 24 | $-8.6M | $-13.5M | ||
| Q3 24 | $-10.8M | $-18.6M | ||
| Q2 24 | $-9.3M | $5.8M | ||
| Q1 24 | $-10.3M | $-18.9M |
毛利率DMRCSKYH
| 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DMRCSKYH
| Q4 25 | -48.2% | -74.4% | ||
| Q3 25 | -109.7% | -105.2% | ||
| Q2 25 | -105.2% | -114.3% | ||
| Q1 25 | -128.9% | -122.0% | ||
| Q4 24 | -105.1% | -115.6% | ||
| Q3 24 | -120.4% | -118.7% | ||
| Q2 24 | -96.2% | -137.0% | ||
| Q1 24 | -109.2% | -217.3% |
净利率DMRCSKYH
| Q4 25 | -47.2% | 119.4% | ||
| Q3 25 | -106.9% | -25.7% | ||
| Q2 25 | -102.6% | 264.9% | ||
| Q1 25 | -125.2% | -114.0% | ||
| Q4 24 | -99.9% | -290.8% | ||
| Q3 24 | -113.9% | -452.9% | ||
| Q2 24 | -89.3% | 159.2% | ||
| Q1 24 | -104.0% | -787.9% |
每股收益（稀释后）DMRCSKYH
| Q4 25 | $-0.18 | $0.16 | ||
| Q3 25 | $-0.38 | $-0.06 | ||
| Q2 25 | $-0.38 | $0.18 | ||
| Q1 25 | $-0.55 | $-0.19 | ||
| Q4 24 | $-0.40 | $-0.30 | ||
| Q3 24 | $-0.50 | $-0.74 | ||
| Q2 24 | $-0.43 | $0.06 | ||
| Q1 24 | $-0.50 | $-0.78 |
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 | — | $187.4M |
| 股东权益账面价值 | $40.2M | $172.0M |
| 总资产 | $53.0M | $593.2M |
| 负债/权益比越低杠杆越低 | — | 1.09× |
8季度趋势，按日历期对齐
现金及短期投资DMRCSKYH
| Q4 25 | $12.9M | — | ||
| Q3 25 | $12.6M | — | ||
| Q2 25 | $16.1M | — | ||
| Q1 25 | $21.6M | — | ||
| Q4 24 | $28.7M | — | ||
| Q3 24 | $33.7M | — | ||
| Q2 24 | $41.5M | — | ||
| Q1 24 | $48.9M | — |
总债务DMRCSKYH
| Q4 25 | — | $187.4M | ||
| Q3 25 | — | $162.8M | ||
| Q2 25 | — | $162.7M | ||
| Q1 25 | — | $162.7M | ||
| Q4 24 | — | $162.6M | ||
| Q3 24 | — | $162.6M | ||
| Q2 24 | — | $162.5M | ||
| Q1 24 | — | $162.5M |
股东权益DMRCSKYH
| Q4 25 | $40.2M | $172.0M | ||
| Q3 25 | $41.4M | $163.9M | ||
| Q2 25 | $46.5M | $167.0M | ||
| Q1 25 | $50.0M | $151.2M | ||
| Q4 24 | $61.4M | $159.8M | ||
| Q3 24 | $70.2M | $99.5M | ||
| Q2 24 | $77.2M | $119.6M | ||
| Q1 24 | $84.5M | $115.1M |
总资产DMRCSKYH
| Q4 25 | $53.0M | $593.2M | ||
| Q3 25 | $55.4M | $558.0M | ||
| Q2 25 | $60.7M | $568.1M | ||
| Q1 25 | $66.5M | $553.7M | ||
| Q4 24 | $75.8M | $556.6M | ||
| Q3 24 | $85.0M | $456.8M | ||
| Q2 24 | $93.4M | $461.6M | ||
| Q1 24 | $99.7M | $444.4M |
负债/权益比DMRCSKYH
| Q4 25 | — | 1.09× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.41× |
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 | $-2.3M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-11.8M |
| 自由现金流率自由现金流/营收 | 10.0% | -147.0% |
| 资本支出强度资本支出/营收 | 1.1% | 118.0% |
| 现金转化率经营现金流/净利润 | — | -0.24× |
| 过去12个月自由现金流最近4个季度 | $-12.3M | $-26.4M |
8季度趋势，按日历期对齐
经营现金流DMRCSKYH
| Q4 25 | $991.0K | $-2.3M | ||
| Q3 25 | $-2.6M | $-906.0K | ||
| Q2 25 | $-4.7M | $-944.0K | ||
| Q1 25 | $-5.5M | $-5.0M | ||
| Q4 24 | $-4.2M | $-9.1M | ||
| Q3 24 | $-7.1M | $-1.2M | ||
| Q2 24 | $-6.8M | $-1.0M | ||
| Q1 24 | $-8.4M | $-4.4M |
自由现金流DMRCSKYH
| Q4 25 | $895.0K | $-11.8M | ||
| Q3 25 | $-2.8M | $-2.4M | ||
| Q2 25 | $-4.9M | $-3.7M | ||
| Q1 25 | $-5.5M | $-8.5M | ||
| Q4 24 | $-4.2M | $-11.4M | ||
| Q3 24 | $-7.2M | $-1.8M | ||
| Q2 24 | $-6.9M | $-1.4M | ||
| Q1 24 | $-8.5M | $-4.8M |
自由现金流率DMRCSKYH
| Q4 25 | 10.0% | -147.0% | ||
| Q3 25 | -36.9% | -32.6% | ||
| Q2 25 | -61.0% | -56.0% | ||
| Q1 25 | -59.1% | -152.4% | ||
| Q4 24 | -49.1% | -244.7% | ||
| Q3 24 | -75.7% | -44.0% | ||
| Q2 24 | -66.1% | -38.8% | ||
| Q1 24 | -85.8% | -197.8% |
资本支出强度DMRCSKYH
| Q4 25 | 1.1% | 118.0% | ||
| Q3 25 | 2.9% | 20.2% | ||
| Q2 25 | 2.5% | 41.7% | ||
| Q1 25 | 0.6% | 62.1% | ||
| Q4 24 | 0.2% | 48.7% | ||
| Q3 24 | 0.7% | 15.6% | ||
| Q2 24 | 0.3% | 10.0% | ||
| Q1 24 | 1.1% | 13.6% |
现金转化率DMRCSKYH
| Q4 25 | — | -0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.18× | ||
| 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% |
SKYH
暂无分部数据
