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Digimarc CORP（DMRC）与SWK Holdings Corp（SWKH）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SWK Holdings Corp的1.0倍（$8.9M vs $8.7M），Digimarc CORP同比增速更快（2.9% vs -29.7%），SWK Holdings Corp自由现金流更多（$26.8M vs $895.0K），过去两年Digimarc CORP的营收复合增速更高（-5.3% vs -12.5%）
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。
SWK Holdings Corp是一家专注于医疗健康与生命科学领域的专业金融企业，为生物技术、制药、医疗器械及诊断类企业提供特许权使用费货币化、结构性债务、资产支持贷款等定制化融资服务，核心市场以北美地区为主。
DMRC vs SWKH — 直观对比
营收规模更大
DMRC
是对方的1.0倍
$8.7M
营收增速更快
DMRC
高出32.6%
-29.7%
自由现金流更多
SWKH
多$25.9M
$895.0K
两年增速更快
DMRC
近两年复合增速
-12.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $8.7M |
| 净利润 | $-4.2M | $-19.4M |
| 毛利率 | 63.5% | — |
| 营业利润率 | -48.2% | 9.9% |
| 净利率 | -47.2% | — |
| 营收同比 | 2.9% | -29.7% |
| 净利润同比 | 51.4% | -430.2% |
| 每股收益（稀释后） | $-0.18 | $-1.59 |
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DMRCSWKH
| Q4 25 | $8.9M | $8.7M | ||
| Q3 25 | $7.6M | $10.9M | ||
| Q2 25 | $8.0M | $10.1M | ||
| Q1 25 | $9.4M | $11.8M | ||
| Q4 24 | $8.7M | $12.4M | ||
| Q3 24 | $9.4M | $10.4M | ||
| Q2 24 | $10.4M | $10.8M | ||
| Q1 24 | $9.9M | $11.4M |
净利润DMRCSWKH
| Q4 25 | $-4.2M | $-19.4M | ||
| Q3 25 | $-8.2M | $8.8M | ||
| Q2 25 | $-8.2M | $3.5M | ||
| Q1 25 | $-11.7M | $4.5M | ||
| Q4 24 | $-8.6M | $5.9M | ||
| Q3 24 | $-10.8M | $3.5M | ||
| Q2 24 | $-9.3M | $3.7M | ||
| Q1 24 | $-10.3M | $468.0K |
毛利率DMRCSWKH
| 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DMRCSWKH
| Q4 25 | -48.2% | 9.9% | ||
| Q3 25 | -109.7% | 61.3% | ||
| Q2 25 | -105.2% | 46.1% | ||
| Q1 25 | -128.9% | 68.6% | ||
| Q4 24 | -105.1% | 44.7% | ||
| Q3 24 | -120.4% | 39.2% | ||
| Q2 24 | -96.2% | 8.3% | ||
| Q1 24 | -109.2% | 9.5% |
净利率DMRCSWKH
| Q4 25 | -47.2% | — | ||
| Q3 25 | -106.9% | 80.7% | ||
| Q2 25 | -102.6% | 35.2% | ||
| Q1 25 | -125.2% | 38.4% | ||
| Q4 24 | -99.9% | 47.5% | ||
| Q3 24 | -113.9% | 33.3% | ||
| Q2 24 | -89.3% | 33.9% | ||
| Q1 24 | -104.0% | 4.1% |
每股收益（稀释后）DMRCSWKH
| Q4 25 | $-0.18 | $-1.59 | ||
| Q3 25 | $-0.38 | $0.72 | ||
| Q2 25 | $-0.38 | $0.29 | ||
| Q1 25 | $-0.55 | $0.37 | ||
| Q4 24 | $-0.40 | $0.47 | ||
| Q3 24 | $-0.50 | $0.28 | ||
| Q2 24 | $-0.43 | $0.30 | ||
| Q1 24 | $-0.50 | $0.04 |
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 | $42.8M |
| 总债务越低越好 | — | $33.0M |
| 股东权益账面价值 | $40.2M | $235.1M |
| 总资产 | $53.0M | $272.4M |
| 负债/权益比越低杠杆越低 | — | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资DMRCSWKH
| Q4 25 | $12.9M | $42.8M | ||
| Q3 25 | $12.6M | $10.2M | ||
| Q2 25 | $16.1M | $8.0M | ||
| Q1 25 | $21.6M | $29.8M | ||
| Q4 24 | $28.7M | $5.9M | ||
| Q3 24 | $33.7M | $17.2M | ||
| Q2 24 | $41.5M | $5.5M | ||
| Q1 24 | $48.9M | $5.5M |
总债务DMRCSWKH
| Q4 25 | — | $33.0M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $33.0M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | — | $33.0M |
股东权益DMRCSWKH
| Q4 25 | $40.2M | $235.1M | ||
| Q3 25 | $41.4M | $254.2M | ||
| Q2 25 | $46.5M | $246.5M | ||
| Q1 25 | $50.0M | $292.7M | ||
| Q4 24 | $61.4M | $288.7M | ||
| Q3 24 | $70.2M | $283.4M | ||
| Q2 24 | $77.2M | $282.8M | ||
| Q1 24 | $84.5M | $279.9M |
总资产DMRCSWKH
| Q4 25 | $53.0M | $272.4M | ||
| Q3 25 | $55.4M | $289.4M | ||
| Q2 25 | $60.7M | $285.7M | ||
| Q1 25 | $66.5M | $331.3M | ||
| Q4 24 | $75.8M | $332.2M | ||
| Q3 24 | $85.0M | $321.3M | ||
| Q2 24 | $93.4M | $321.0M | ||
| Q1 24 | $99.7M | $322.0M |
负债/权益比DMRCSWKH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $27.3M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $26.8M |
| 自由现金流率自由现金流/营收 | 10.0% | 308.1% |
| 资本支出强度资本支出/营收 | 1.1% | 5.9% |
| 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 | $43.2M |
8季度趋势，按日历期对齐
经营现金流DMRCSWKH
| Q4 25 | $991.0K | $27.3M | ||
| Q3 25 | $-2.6M | $906.0K | ||
| Q2 25 | $-4.7M | $7.8M | ||
| Q1 25 | $-5.5M | $8.3M | ||
| Q4 24 | $-4.2M | $23.0M | ||
| Q3 24 | $-7.1M | $6.3M | ||
| Q2 24 | $-6.8M | $5.4M | ||
| Q1 24 | $-8.4M | $4.4M |
自由现金流DMRCSWKH
| Q4 25 | $895.0K | $26.8M | ||
| Q3 25 | $-2.8M | $557.0K | ||
| Q2 25 | $-4.9M | $7.7M | ||
| Q1 25 | $-5.5M | $8.2M | ||
| Q4 24 | $-4.2M | $22.9M | ||
| Q3 24 | $-7.2M | $6.3M | ||
| Q2 24 | $-6.9M | $5.4M | ||
| Q1 24 | $-8.5M | — |
自由现金流率DMRCSWKH
| Q4 25 | 10.0% | 308.1% | ||
| Q3 25 | -36.9% | 5.1% | ||
| Q2 25 | -61.0% | 77.0% | ||
| Q1 25 | -59.1% | 69.1% | ||
| Q4 24 | -49.1% | 185.3% | ||
| Q3 24 | -75.7% | 60.4% | ||
| Q2 24 | -66.1% | 49.7% | ||
| Q1 24 | -85.8% | — |
资本支出强度DMRCSWKH
| Q4 25 | 1.1% | 5.9% | ||
| Q3 25 | 2.9% | 3.2% | ||
| Q2 25 | 2.5% | 0.6% | ||
| Q1 25 | 0.6% | 0.8% | ||
| Q4 24 | 0.2% | 1.1% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | 0.3% | 0.2% | ||
| Q1 24 | 1.1% | 0.0% |
现金转化率DMRCSWKH
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 3.93× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 9.47× |
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% |
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
