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Digimarc CORP（DMRC）与TON Strategy Co（TONX）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TON Strategy Co的1.6倍（$8.9M vs $5.7M），Digimarc CORP净利率更高（-47.2% vs -3968.6%，领先3921.3%），TON Strategy Co同比增速更快（694.2% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-8.0M），过去两年TON Strategy Co的营收复合增速更高（46.1% 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。
DMRC vs TONX — 直观对比
营收规模更大
DMRC
是对方的1.6倍
$5.7M
营收增速更快
TONX
高出691.3%
2.9%
净利率更高
DMRC
高出3921.3%
-3968.6%
自由现金流更多
DMRC
多$8.9M
$-8.0M
两年增速更快
TONX
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $5.7M |
| 净利润 | $-4.2M | $-227.9M |
| 毛利率 | 63.5% | 64.3% |
| 营业利润率 | -48.2% | -159.2% |
| 净利率 | -47.2% | -3968.6% |
| 营收同比 | 2.9% | 694.2% |
| 净利润同比 | 51.4% | -7047.9% |
| 每股收益（稀释后） | $-0.18 | $-3.89 |
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DMRCTONX
| Q4 25 | $8.9M | $5.7M | ||
| Q3 25 | $7.6M | $3.6M | ||
| Q2 25 | $8.0M | $2.1M | ||
| Q1 25 | $9.4M | $1.3M | ||
| Q4 24 | $8.7M | $723.0K | ||
| Q3 24 | $9.4M | — | ||
| Q2 24 | $10.4M | — | ||
| Q1 24 | $9.9M | — |
净利润DMRCTONX
| Q4 25 | $-4.2M | $-227.9M | ||
| Q3 25 | $-8.2M | $84.3M | ||
| Q2 25 | $-8.2M | $-2.4M | ||
| Q1 25 | $-11.7M | $-2.6M | ||
| Q4 24 | $-8.6M | $-3.2M | ||
| Q3 24 | $-10.8M | — | ||
| Q2 24 | $-9.3M | — | ||
| Q1 24 | $-10.3M | — |
毛利率DMRCTONX
| Q4 25 | 63.5% | 64.3% | ||
| Q3 25 | 58.3% | 75.4% | ||
| Q2 25 | 58.8% | 71.2% | ||
| Q1 25 | 65.0% | 73.4% | ||
| Q4 24 | 60.8% | 81.5% | ||
| Q3 24 | 62.4% | — | ||
| Q2 24 | 66.1% | — | ||
| Q1 24 | 62.5% | — |
营业利润率DMRCTONX
| Q4 25 | -48.2% | -159.2% | ||
| Q3 25 | -109.7% | -601.5% | ||
| Q2 25 | -105.2% | -138.2% | ||
| Q1 25 | -128.9% | -203.8% | ||
| Q4 24 | -105.1% | -513.1% | ||
| Q3 24 | -120.4% | — | ||
| Q2 24 | -96.2% | — | ||
| Q1 24 | -109.2% | — |
净利率DMRCTONX
| Q4 25 | -47.2% | -3968.6% | ||
| Q3 25 | -106.9% | 2336.8% | ||
| Q2 25 | -102.6% | -111.9% | ||
| Q1 25 | -125.2% | -196.5% | ||
| Q4 24 | -99.9% | -440.9% | ||
| Q3 24 | -113.9% | — | ||
| Q2 24 | -89.3% | — | ||
| Q1 24 | -104.0% | — |
每股收益（稀释后）DMRCTONX
| Q4 25 | $-0.18 | $-3.89 | ||
| Q3 25 | $-0.38 | $2.23 | ||
| Q2 25 | $-0.38 | $-1.79 | ||
| Q1 25 | $-0.55 | $-2.51 | ||
| Q4 24 | $-0.40 | $10.41 | ||
| Q3 24 | $-0.50 | — | ||
| Q2 24 | $-0.43 | — | ||
| Q1 24 | $-0.50 | — |
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 | $39.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $406.5M |
| 总资产 | $53.0M | $411.2M |
| 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DMRCTONX
| Q4 25 | $12.9M | $39.5M | ||
| Q3 25 | $12.6M | $53.9M | ||
| Q2 25 | $16.1M | $10.4M | ||
| Q1 25 | $21.6M | $12.2M | ||
| Q4 24 | $28.7M | $12.5M | ||
| Q3 24 | $33.7M | — | ||
| Q2 24 | $41.5M | — | ||
| Q1 24 | $48.9M | — |
股东权益DMRCTONX
| Q4 25 | $40.2M | $406.5M | ||
| Q3 25 | $41.4M | $639.1M | ||
| Q2 25 | $46.5M | $19.4M | ||
| Q1 25 | $50.0M | $14.6M | ||
| Q4 24 | $61.4M | $16.2M | ||
| Q3 24 | $70.2M | — | ||
| Q2 24 | $77.2M | — | ||
| Q1 24 | $84.5M | — |
总资产DMRCTONX
| Q4 25 | $53.0M | $411.2M | ||
| Q3 25 | $55.4M | $661.9M | ||
| Q2 25 | $60.7M | $23.7M | ||
| Q1 25 | $66.5M | $18.4M | ||
| Q4 24 | $75.8M | $20.6M | ||
| Q3 24 | $85.0M | — | ||
| Q2 24 | $93.4M | — | ||
| Q1 24 | $99.7M | — |
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 | $-8.0M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-8.0M |
| 自由现金流率自由现金流/营收 | 10.0% | -139.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 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 | $-20.9M |
8季度趋势，按日历期对齐
经营现金流DMRCTONX
| Q4 25 | $991.0K | $-8.0M | ||
| Q3 25 | $-2.6M | $-9.4M | ||
| Q2 25 | $-4.7M | $-2.3M | ||
| Q1 25 | $-5.5M | $-1.1M | ||
| Q4 24 | $-4.2M | $-1.9M | ||
| Q3 24 | $-7.1M | — | ||
| Q2 24 | $-6.8M | — | ||
| Q1 24 | $-8.4M | — |
自由现金流DMRCTONX
| Q4 25 | $895.0K | $-8.0M | ||
| Q3 25 | $-2.8M | $-9.4M | ||
| Q2 25 | $-4.9M | $-2.3M | ||
| Q1 25 | $-5.5M | $-1.1M | ||
| Q4 24 | $-4.2M | $-2.0M | ||
| Q3 24 | $-7.2M | — | ||
| Q2 24 | $-6.9M | — | ||
| Q1 24 | $-8.5M | — |
自由现金流率DMRCTONX
| Q4 25 | 10.0% | -139.3% | ||
| Q3 25 | -36.9% | -261.4% | ||
| Q2 25 | -61.0% | -107.8% | ||
| Q1 25 | -59.1% | -87.0% | ||
| Q4 24 | -49.1% | -279.9% | ||
| Q3 24 | -75.7% | — | ||
| Q2 24 | -66.1% | — | ||
| Q1 24 | -85.8% | — |
资本支出强度DMRCTONX
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 2.9% | 0.4% | ||
| Q2 25 | 2.5% | 0.1% | ||
| Q1 25 | 0.6% | 5.1% | ||
| Q4 24 | 0.2% | 22.1% | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 1.1% | — |
现金转化率DMRCTONX
| Q4 25 | — | — | ||
| Q3 25 | — | -0.11× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
TONX
| Market Live | $4.8M | 83% |
| Other | $960.0K | 17% |
