vs
Energy Recovery, Inc.（ERII）与PDF SOLUTIONS INC（PDFS）财务数据对比。点击上方公司名可切换其他公司
Energy Recovery, Inc.的季度营收约是PDF SOLUTIONS INC的1.1倍（$66.9M vs $62.4M），Energy Recovery, Inc.净利率更高（40.2% vs -0.1%，领先40.3%），PDF SOLUTIONS INC同比增速更快（24.6% vs -0.3%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $6.4M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 8.1%）
Energy Recovery, Inc.是一家美国制造商，专注生产为水务及二氧化碳制冷行业提供的能量回收装置，产品可帮助相关行业在工艺流程中回收利用富余能量，助力客户降低能耗成本，提升运营的绿色低碳水平，在细分领域拥有领先的技术积累。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
ERII vs PDFS — 直观对比
营收规模更大
ERII
是对方的1.1倍
$62.4M
营收增速更快
PDFS
高出24.9%
-0.3%
净利率更高
ERII
高出40.3%
-0.1%
自由现金流更多
PDFS
多$1.1M
$6.4M
两年增速更快
PDFS
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $62.4M |
| 净利润 | $26.9M | $-48.0K |
| 毛利率 | 67.2% | 72.9% |
| 营业利润率 | 46.8% | 5.5% |
| 净利率 | 40.2% | -0.1% |
| 营收同比 | -0.3% | 24.6% |
| 净利润同比 | 14.7% | -108.9% |
| 每股收益（稀释后） | $0.49 | $0.00 |
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ERIIPDFS
| Q4 25 | $66.9M | $62.4M | ||
| Q3 25 | $32.0M | $57.1M | ||
| Q2 25 | $28.1M | $51.7M | ||
| Q1 25 | — | $47.8M | ||
| Q4 24 | $67.1M | $50.1M | ||
| Q3 24 | $38.6M | $46.4M | ||
| Q2 24 | $27.2M | $41.7M | ||
| Q1 24 | $12.1M | $41.3M |
净利润ERIIPDFS
| Q4 25 | $26.9M | $-48.0K | ||
| Q3 25 | $3.9M | $1.3M | ||
| Q2 25 | $2.1M | $1.1M | ||
| Q1 25 | — | $-3.0M | ||
| Q4 24 | $23.5M | $539.0K | ||
| Q3 24 | $8.5M | $2.2M | ||
| Q2 24 | $-642.0K | $1.7M | ||
| Q1 24 | $-8.3M | $-393.0K |
毛利率ERIIPDFS
| Q4 25 | 67.2% | 72.9% | ||
| Q3 25 | 64.2% | 72.3% | ||
| Q2 25 | 64.0% | 71.2% | ||
| Q1 25 | — | 72.9% | ||
| Q4 24 | 70.2% | 68.3% | ||
| Q3 24 | 65.1% | 73.1% | ||
| Q2 24 | 64.6% | 70.6% | ||
| Q1 24 | 59.0% | 67.3% |
营业利润率ERIIPDFS
| Q4 25 | 46.8% | 5.5% | ||
| Q3 25 | 11.4% | 8.5% | ||
| Q2 25 | 5.3% | 2.2% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | 38.2% | 1.0% | ||
| Q3 24 | 18.3% | 4.6% | ||
| Q2 24 | -7.4% | 0.6% | ||
| Q1 24 | -90.4% | -4.7% |
净利率ERIIPDFS
| Q4 25 | 40.2% | -0.1% | ||
| Q3 25 | 12.1% | 2.3% | ||
| Q2 25 | 7.3% | 2.2% | ||
| Q1 25 | — | -6.3% | ||
| Q4 24 | 35.0% | 1.1% | ||
| Q3 24 | 22.0% | 4.8% | ||
| Q2 24 | -2.4% | 4.1% | ||
| Q1 24 | -68.3% | -1.0% |
每股收益（稀释后）ERIIPDFS
| Q4 25 | $0.49 | $0.00 | ||
| Q3 25 | $0.07 | $0.03 | ||
| Q2 25 | $0.04 | $0.03 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | $0.40 | $0.01 | ||
| Q3 24 | $0.15 | $0.06 | ||
| Q2 24 | $-0.01 | $0.04 | ||
| Q1 24 | $-0.14 | $-0.01 |
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 | $75.2M | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $206.2M | $271.0M |
| 总资产 | $231.5M | $418.7M |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ERIIPDFS
| Q4 25 | $75.2M | $42.2M | ||
| Q3 25 | $70.4M | $35.9M | ||
| Q2 25 | $79.5M | $40.4M | ||
| Q1 25 | — | $54.1M | ||
| Q4 24 | $78.0M | $114.9M | ||
| Q3 24 | $118.6M | $120.2M | ||
| Q2 24 | $101.0M | $117.9M | ||
| Q1 24 | $117.4M | $122.9M |
总债务ERIIPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ERIIPDFS
| Q4 25 | $206.2M | $271.0M | ||
| Q3 25 | $180.8M | $264.4M | ||
| Q2 25 | $185.2M | $257.5M | ||
| Q1 25 | — | $249.0M | ||
| Q4 24 | $210.0M | $246.0M | ||
| Q3 24 | $233.9M | $240.5M | ||
| Q2 24 | $218.5M | $232.2M | ||
| Q1 24 | $216.0M | $225.4M |
总资产ERIIPDFS
| Q4 25 | $231.5M | $418.7M | ||
| Q3 25 | $209.6M | $406.4M | ||
| Q2 25 | $212.3M | $391.1M | ||
| Q1 25 | — | $390.0M | ||
| Q4 24 | $242.8M | $315.3M | ||
| Q3 24 | $262.7M | $307.4M | ||
| Q2 24 | $249.0M | $298.0M | ||
| Q1 24 | $244.3M | $286.8M |
负债/权益比ERIIPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $7.1M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $7.5M |
| 自由现金流率自由现金流/营收 | 9.6% | 12.1% |
| 资本支出强度资本支出/营收 | 1.0% | 15.7% |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $15.8M | $-8.6M |
8季度趋势，按日历期对齐
经营现金流ERIIPDFS
| Q4 25 | $7.1M | $17.3M | ||
| Q3 25 | $-3.1M | $3.3M | ||
| Q2 25 | $4.1M | $-5.2M | ||
| Q1 25 | — | $8.6M | ||
| Q4 24 | $9.0M | $1.6M | ||
| Q3 24 | $-3.0M | $9.3M | ||
| Q2 24 | $8.1M | $684.0K | ||
| Q1 24 | $6.5M | $-1.9M |
自由现金流ERIIPDFS
| Q4 25 | $6.4M | $7.5M | ||
| Q3 25 | $-3.5M | $-2.9M | ||
| Q2 25 | $4.0M | $-13.8M | ||
| Q1 25 | — | $535.0K | ||
| Q4 24 | $8.9M | $-4.0M | ||
| Q3 24 | $-3.2M | $5.1M | ||
| Q2 24 | $7.9M | $-4.6M | ||
| Q1 24 | $5.7M | $-3.9M |
自由现金流率ERIIPDFS
| Q4 25 | 9.6% | 12.1% | ||
| Q3 25 | -10.9% | -5.1% | ||
| Q2 25 | 14.3% | -26.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 13.2% | -8.0% | ||
| Q3 24 | -8.2% | 11.0% | ||
| Q2 24 | 28.9% | -11.1% | ||
| Q1 24 | 46.9% | -9.4% |
资本支出强度ERIIPDFS
| Q4 25 | 1.0% | 15.7% | ||
| Q3 25 | 1.1% | 10.8% | ||
| Q2 25 | 0.5% | 16.5% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | 0.2% | 11.3% | ||
| Q3 24 | 0.4% | 9.0% | ||
| Q2 24 | 0.7% | 12.8% | ||
| Q1 24 | 6.8% | 4.9% |
现金转化率ERIIPDFS
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | 2.54× | ||
| Q2 25 | 2.02× | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | 2.98× | ||
| Q3 24 | -0.35× | 4.20× | ||
| Q2 24 | — | 0.40× | ||
| 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
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
