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Digimarc CORP（DMRC）与TRIO-TECH INTERNATIONAL（TRT）财务数据对比。点击上方公司名可切换其他公司
TRIO-TECH INTERNATIONAL的季度营收约是Digimarc CORP的1.8倍（$15.6M vs $8.9M），TRIO-TECH INTERNATIONAL净利率更高（0.8% vs -47.2%，领先48.0%），TRIO-TECH INTERNATIONAL同比增速更快（81.6% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-152.0K），过去两年TRIO-TECH INTERNATIONAL的营收复合增速更高（22.7% 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。
Trio-Tech International是一家全球半导体测试与老化解决方案供应商，同时面向航空航天、消费电子等领域客户提供电子元件专业制造服务，业务覆盖北美、亚洲、欧洲多地，可交付定制化可靠性测试系统及配套支持服务。
DMRC vs TRT — 直观对比
营收规模更大
TRT
是对方的1.8倍
$8.9M
营收增速更快
TRT
高出78.7%
2.9%
净利率更高
TRT
高出48.0%
-47.2%
自由现金流更多
DMRC
多$1.0M
$-152.0K
两年增速更快
TRT
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $15.6M |
| 净利润 | $-4.2M | $126.0K |
| 毛利率 | 63.5% | 16.0% |
| 营业利润率 | -48.2% | 0.6% |
| 净利率 | -47.2% | 0.8% |
| 营收同比 | 2.9% | 81.6% |
| 净利润同比 | 51.4% | -75.1% |
| 每股收益（稀释后） | $-0.18 | $0.01 |
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DMRCTRT
| Q4 25 | $8.9M | $15.6M | ||
| Q3 25 | $7.6M | $15.5M | ||
| Q2 25 | $8.0M | $10.7M | ||
| Q1 25 | $9.4M | $7.4M | ||
| Q4 24 | $8.7M | $8.6M | ||
| Q3 24 | $9.4M | $9.8M | ||
| Q2 24 | $10.4M | $9.7M | ||
| Q1 24 | $9.9M | $10.4M |
净利润DMRCTRT
| Q4 25 | $-4.2M | $126.0K | ||
| Q3 25 | $-8.2M | $77.0K | ||
| Q2 25 | $-8.2M | $183.0K | ||
| Q1 25 | $-11.7M | $-495.0K | ||
| Q4 24 | $-8.6M | $507.0K | ||
| Q3 24 | $-10.8M | $-236.0K | ||
| Q2 24 | $-9.3M | $243.0K | ||
| Q1 24 | $-10.3M | $70.0K |
毛利率DMRCTRT
| Q4 25 | 63.5% | 16.0% | ||
| Q3 25 | 58.3% | 16.7% | ||
| Q2 25 | 58.8% | 24.6% | ||
| Q1 25 | 65.0% | 26.8% | ||
| Q4 24 | 60.8% | 25.7% | ||
| Q3 24 | 62.4% | 23.7% | ||
| Q2 24 | 66.1% | 27.5% | ||
| Q1 24 | 62.5% | 26.0% |
营业利润率DMRCTRT
| Q4 25 | -48.2% | 0.6% | ||
| Q3 25 | -109.7% | 0.3% | ||
| Q2 25 | -105.2% | 4.4% | ||
| Q1 25 | -128.9% | -4.6% | ||
| Q4 24 | -105.1% | -0.0% | ||
| Q3 24 | -120.4% | 1.4% | ||
| Q2 24 | -96.2% | 3.7% | ||
| Q1 24 | -109.2% | 0.6% |
净利率DMRCTRT
| Q4 25 | -47.2% | 0.8% | ||
| Q3 25 | -106.9% | 0.5% | ||
| Q2 25 | -102.6% | 1.7% | ||
| Q1 25 | -125.2% | -6.7% | ||
| Q4 24 | -99.9% | 5.9% | ||
| Q3 24 | -113.9% | -2.4% | ||
| Q2 24 | -89.3% | 2.5% | ||
| Q1 24 | -104.0% | 0.7% |
每股收益（稀释后）DMRCTRT
| Q4 25 | $-0.18 | $0.01 | ||
| Q3 25 | $-0.38 | $0.02 | ||
| Q2 25 | $-0.38 | $0.11 | ||
| Q1 25 | $-0.55 | $-0.12 | ||
| Q4 24 | $-0.40 | $0.06 | ||
| Q3 24 | $-0.50 | $-0.06 | ||
| Q2 24 | $-0.43 | $0.05 | ||
| Q1 24 | $-0.50 | $0.02 |
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 | $16.5M |
| 总债务越低越好 | — | $581.0K |
| 股东权益账面价值 | $40.2M | $33.5M |
| 总资产 | $53.0M | $45.7M |
| 负债/权益比越低杠杆越低 | — | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资DMRCTRT
| Q4 25 | $12.9M | $16.5M | ||
| Q3 25 | $12.6M | $17.4M | ||
| Q2 25 | $16.1M | $16.7M | ||
| Q1 25 | $21.6M | $17.6M | ||
| Q4 24 | $28.7M | $16.5M | ||
| Q3 24 | $33.7M | $15.5M | ||
| Q2 24 | $41.5M | $16.5M | ||
| Q1 24 | $48.9M | $17.0M |
总债务DMRCTRT
| Q4 25 | — | $581.0K | ||
| Q3 25 | — | $622.0K | ||
| Q2 25 | — | $684.0K | ||
| Q1 25 | — | $729.0K | ||
| Q4 24 | — | $782.0K | ||
| Q3 24 | — | $923.0K | ||
| Q2 24 | — | $874.0K | ||
| Q1 24 | — | $984.0K |
股东权益DMRCTRT
| Q4 25 | $40.2M | $33.5M | ||
| Q3 25 | $41.4M | $34.1M | ||
| Q2 25 | $46.5M | $34.0M | ||
| Q1 25 | $50.0M | $32.3M | ||
| Q4 24 | $61.4M | $31.8M | ||
| Q3 24 | $70.2M | $33.1M | ||
| Q2 24 | $77.2M | $31.3M | ||
| Q1 24 | $84.5M | $31.2M |
总资产DMRCTRT
| Q4 25 | $53.0M | $45.7M | ||
| Q3 25 | $55.4M | $47.4M | ||
| Q2 25 | $60.7M | $41.1M | ||
| Q1 25 | $66.5M | $40.0M | ||
| Q4 24 | $75.8M | $39.8M | ||
| Q3 24 | $85.0M | $42.9M | ||
| Q2 24 | $93.4M | $42.5M | ||
| Q1 24 | $99.7M | $43.1M |
负债/权益比DMRCTRT
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.03× | ||
| Q2 24 | — | 0.03× | ||
| Q1 24 | — | 0.03× |
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 | $134.0K |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-152.0K |
| 自由现金流率自由现金流/营收 | 10.0% | -1.0% |
| 资本支出强度资本支出/营收 | 1.1% | 1.8% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $-12.3M | $137.0K |
8季度趋势，按日历期对齐
经营现金流DMRCTRT
| Q4 25 | $991.0K | $134.0K | ||
| Q3 25 | $-2.6M | $933.0K | ||
| Q2 25 | $-4.7M | $-664.0K | ||
| Q1 25 | $-5.5M | $781.0K | ||
| Q4 24 | $-4.2M | $2.1M | ||
| Q3 24 | $-7.1M | $-1.9M | ||
| Q2 24 | $-6.8M | $199.0K | ||
| Q1 24 | $-8.4M | $1.2M |
自由现金流DMRCTRT
| Q4 25 | $895.0K | $-152.0K | ||
| Q3 25 | $-2.8M | $887.0K | ||
| Q2 25 | $-4.9M | $-1.2M | ||
| Q1 25 | $-5.5M | $623.0K | ||
| Q4 24 | $-4.2M | $1.9M | ||
| Q3 24 | $-7.2M | $-1.9M | ||
| Q2 24 | $-6.9M | $-135.0K | ||
| Q1 24 | $-8.5M | $1.1M |
自由现金流率DMRCTRT
| Q4 25 | 10.0% | -1.0% | ||
| Q3 25 | -36.9% | 5.7% | ||
| Q2 25 | -61.0% | -11.4% | ||
| Q1 25 | -59.1% | 8.4% | ||
| Q4 24 | -49.1% | 22.4% | ||
| Q3 24 | -75.7% | -19.7% | ||
| Q2 24 | -66.1% | -1.4% | ||
| Q1 24 | -85.8% | 10.6% |
资本支出强度DMRCTRT
| Q4 25 | 1.1% | 1.8% | ||
| Q3 25 | 2.9% | 0.3% | ||
| Q2 25 | 2.5% | 5.2% | ||
| Q1 25 | 0.6% | 2.1% | ||
| Q4 24 | 0.2% | 2.1% | ||
| Q3 24 | 0.7% | 0.7% | ||
| Q2 24 | 0.3% | 3.4% | ||
| Q1 24 | 1.1% | 0.5% |
现金转化率DMRCTRT
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 12.12× | ||
| Q2 25 | — | -3.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.16× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.82× | ||
| Q1 24 | — | 16.44× |
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% |
TRT
| Semiconductor Backend Solutions | $12.4M | 79% |
| Industrial Electronics | $3.3M | 21% |
