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Digimarc CORP（DMRC）与TECOGEN INC.（TGEN）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TECOGEN INC.的1.7倍（$8.9M vs $5.3M），Digimarc CORP净利率更高（-47.2% vs -75.1%，领先27.9%），Digimarc CORP同比增速更快（2.9% vs -12.5%），Digimarc CORP自由现金流更多（$895.0K vs $-2.6M），过去两年Digimarc CORP的营收复合增速更高（-5.3% vs -7.3%）
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。
DMRC vs TGEN — 直观对比
营收规模更大
DMRC
是对方的1.7倍
$5.3M
营收增速更快
DMRC
高出15.4%
-12.5%
净利率更高
DMRC
高出27.9%
-75.1%
自由现金流更多
DMRC
多$3.5M
$-2.6M
两年增速更快
DMRC
近两年复合增速
-7.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $5.3M |
| 净利润 | $-4.2M | $-4.0M |
| 毛利率 | 63.5% | 36.8% |
| 营业利润率 | -48.2% | -77.8% |
| 净利率 | -47.2% | -75.1% |
| 营收同比 | 2.9% | -12.5% |
| 净利润同比 | 51.4% | -236.7% |
| 每股收益（稀释后） | $-0.18 | $-0.14 |
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DMRCTGEN
| Q4 25 | $8.9M | $5.3M | ||
| Q3 25 | $7.6M | $7.2M | ||
| Q2 25 | $8.0M | $7.3M | ||
| Q1 25 | $9.4M | $7.3M | ||
| Q4 24 | $8.7M | $6.1M | ||
| Q3 24 | $9.4M | $5.6M | ||
| Q2 24 | $10.4M | $4.7M | ||
| Q1 24 | $9.9M | $6.2M |
净利润DMRCTGEN
| Q4 25 | $-4.2M | $-4.0M | ||
| Q3 25 | $-8.2M | $-2.1M | ||
| Q2 25 | $-8.2M | $-1.5M | ||
| Q1 25 | $-11.7M | $-659.9K | ||
| Q4 24 | $-8.6M | $-1.2M | ||
| Q3 24 | $-10.8M | $-930.4K | ||
| Q2 24 | $-9.3M | $-1.5M | ||
| Q1 24 | $-10.3M | $-1.1M |
毛利率DMRCTGEN
| Q4 25 | 63.5% | 36.8% | ||
| Q3 25 | 58.3% | 30.4% | ||
| Q2 25 | 58.8% | 33.8% | ||
| Q1 25 | 65.0% | 44.3% | ||
| Q4 24 | 60.8% | 45.0% | ||
| Q3 24 | 62.4% | 44.1% | ||
| Q2 24 | 66.1% | 44.0% | ||
| Q1 24 | 62.5% | 41.6% |
营业利润率DMRCTGEN
| Q4 25 | -48.2% | -77.8% | ||
| Q3 25 | -109.7% | -29.2% | ||
| Q2 25 | -105.2% | -19.4% | ||
| Q1 25 | -128.9% | -8.2% | ||
| Q4 24 | -105.1% | -18.7% | ||
| Q3 24 | -120.4% | -15.5% | ||
| Q2 24 | -96.2% | -31.2% | ||
| Q1 24 | -109.2% | -17.0% |
净利率DMRCTGEN
| Q4 25 | -47.2% | -75.1% | ||
| Q3 25 | -106.9% | -29.7% | ||
| Q2 25 | -102.6% | -20.1% | ||
| Q1 25 | -125.2% | -9.1% | ||
| Q4 24 | -99.9% | -19.5% | ||
| Q3 24 | -113.9% | -16.5% | ||
| Q2 24 | -89.3% | -32.5% | ||
| Q1 24 | -104.0% | -17.9% |
每股收益（稀释后）DMRCTGEN
| Q4 25 | $-0.18 | $-0.14 | ||
| Q3 25 | $-0.38 | $-0.07 | ||
| Q2 25 | $-0.38 | $-0.06 | ||
| Q1 25 | $-0.55 | $-0.03 | ||
| Q4 24 | $-0.40 | $-0.05 | ||
| Q3 24 | $-0.50 | $-0.04 | ||
| Q2 24 | $-0.43 | $-0.06 | ||
| 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 | $12.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $21.6M |
| 总资产 | $53.0M | $37.0M |
| 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DMRCTGEN
| Q4 25 | $12.9M | $12.4M | ||
| Q3 25 | $12.6M | $15.3M | ||
| Q2 25 | $16.1M | $1.6M | ||
| Q1 25 | $21.6M | $4.1M | ||
| Q4 24 | $28.7M | $5.4M | ||
| Q3 24 | $33.7M | $1.3M | ||
| Q2 24 | $41.5M | $841.9K | ||
| Q1 24 | $48.9M | $1.5M |
股东权益DMRCTGEN
| Q4 25 | $40.2M | $21.6M | ||
| Q3 25 | $41.4M | $25.5M | ||
| Q2 25 | $46.5M | $9.1M | ||
| Q1 25 | $50.0M | $9.6M | ||
| Q4 24 | $61.4M | $10.2M | ||
| Q3 24 | $70.2M | $11.3M | ||
| Q2 24 | $77.2M | $12.2M | ||
| Q1 24 | $84.5M | $13.7M |
总资产DMRCTGEN
| Q4 25 | $53.0M | $37.0M | ||
| Q3 25 | $55.4M | $41.5M | ||
| Q2 25 | $60.7M | $28.4M | ||
| Q1 25 | $66.5M | $29.7M | ||
| Q4 24 | $75.8M | $31.1M | ||
| Q3 24 | $85.0M | $27.5M | ||
| Q2 24 | $93.4M | $27.2M | ||
| Q1 24 | $99.7M | $28.5M |
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 | $-2.6M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-2.6M |
| 自由现金流率自由现金流/营收 | 10.0% | -49.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.9% |
| 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 | $-10.3M |
8季度趋势，按日历期对齐
经营现金流DMRCTGEN
| Q4 25 | $991.0K | $-2.6M | ||
| Q3 25 | $-2.6M | $-3.6M | ||
| Q2 25 | $-4.7M | $-2.6M | ||
| Q1 25 | $-5.5M | $-1.2M | ||
| Q4 24 | $-4.2M | $4.2M | ||
| Q3 24 | $-7.1M | $-207.3K | ||
| Q2 24 | $-6.8M | $-157.9K | ||
| Q1 24 | $-8.4M | $248.2K |
自由现金流DMRCTGEN
| Q4 25 | $895.0K | $-2.6M | ||
| Q3 25 | $-2.8M | $-3.6M | ||
| Q2 25 | $-4.9M | $-2.7M | ||
| Q1 25 | $-5.5M | $-1.3M | ||
| Q4 24 | $-4.2M | $4.0M | ||
| Q3 24 | $-7.2M | $-489.6K | ||
| Q2 24 | $-6.9M | $-609.6K | ||
| Q1 24 | $-8.5M | $143.3K |
自由现金流率DMRCTGEN
| Q4 25 | 10.0% | -49.3% | ||
| Q3 25 | -36.9% | -50.6% | ||
| Q2 25 | -61.0% | -37.7% | ||
| Q1 25 | -59.1% | -17.9% | ||
| Q4 24 | -49.1% | 66.6% | ||
| Q3 24 | -75.7% | -8.7% | ||
| Q2 24 | -66.1% | -12.9% | ||
| Q1 24 | -85.8% | 2.3% |
资本支出强度DMRCTGEN
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 2.9% | 1.0% | ||
| Q2 25 | 2.5% | 2.0% | ||
| Q1 25 | 0.6% | 1.8% | ||
| Q4 24 | 0.2% | 2.1% | ||
| Q3 24 | 0.7% | 5.0% | ||
| Q2 24 | 0.3% | 9.6% | ||
| Q1 24 | 1.1% | 1.7% |
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% |
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
