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合众银行（FSBC）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
PDF SOLUTIONS INC的季度营收约是合众银行的1.4倍（$62.4M vs $45.1M），合众银行净利率更高（41.3% vs -0.1%，领先41.4%），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 21.3%）
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
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。
FSBC vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.4倍
$45.1M
净利率更高
FSBC
高出41.4%
-0.1%
两年增速更快
PDFS
近两年复合增速
21.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.1M | $62.4M |
| 净利润 | $18.6M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | — | 5.5% |
| 净利率 | 41.3% | -0.1% |
| 营收同比 | — | 24.6% |
| 净利润同比 | 42.0% | -108.9% |
| 每股收益（稀释后） | $0.87 | $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FSBCPDFS
| Q1 26 | $45.1M | — | ||
| Q4 25 | $43.5M | $62.4M | ||
| Q3 25 | $41.3M | $57.1M | ||
| Q2 25 | $38.3M | $51.7M | ||
| Q1 25 | $35.3M | $47.8M | ||
| Q4 24 | $35.2M | $50.1M | ||
| Q3 24 | $31.8M | $46.4M | ||
| Q2 24 | $30.7M | $41.7M |
净利润FSBCPDFS
| Q1 26 | $18.6M | — | ||
| Q4 25 | $17.6M | $-48.0K | ||
| Q3 25 | $16.3M | $1.3M | ||
| Q2 25 | $14.5M | $1.1M | ||
| Q1 25 | $13.1M | $-3.0M | ||
| Q4 24 | $13.3M | $539.0K | ||
| Q3 24 | $10.9M | $2.2M | ||
| Q2 24 | $10.8M | $1.7M |
毛利率FSBCPDFS
| Q1 26 | — | — | ||
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 72.9% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 70.6% |
营业利润率FSBCPDFS
| Q1 26 | — | — | ||
| Q4 25 | 52.9% | 5.5% | ||
| Q3 25 | 53.8% | 8.5% | ||
| Q2 25 | 52.4% | 2.2% | ||
| Q1 25 | 52.0% | -7.4% | ||
| Q4 24 | 55.1% | 1.0% | ||
| Q3 24 | 48.0% | 4.6% | ||
| Q2 24 | 49.4% | 0.6% |
净利率FSBCPDFS
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.6% | -0.1% | ||
| Q3 25 | 39.6% | 2.3% | ||
| Q2 25 | 37.9% | 2.2% | ||
| Q1 25 | 37.1% | -6.3% | ||
| Q4 24 | 37.9% | 1.1% | ||
| Q3 24 | 34.4% | 4.8% | ||
| Q2 24 | 35.2% | 4.1% |
每股收益（稀释后）FSBCPDFS
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.83 | $0.00 | ||
| Q3 25 | $0.77 | $0.03 | ||
| Q2 25 | $0.68 | $0.03 | ||
| Q1 25 | $0.62 | $-0.08 | ||
| Q4 24 | $0.61 | $0.01 | ||
| Q3 24 | $0.52 | $0.06 | ||
| Q2 24 | $0.51 | $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 | $644.4M | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $458.5M | $271.0M |
| 总资产 | $5.0B | $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FSBCPDFS
| Q1 26 | $644.4M | — | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $35.9M | ||
| Q2 25 | — | $40.4M | ||
| Q1 25 | — | $54.1M | ||
| Q4 24 | — | $114.9M | ||
| Q3 24 | — | $120.2M | ||
| Q2 24 | — | $117.9M |
总债务FSBCPDFS
| Q1 26 | — | — | ||
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FSBCPDFS
| Q1 26 | $458.5M | — | ||
| Q4 25 | $445.8M | $271.0M | ||
| Q3 25 | $431.3M | $264.4M | ||
| Q2 25 | $416.7M | $257.5M | ||
| Q1 25 | $406.5M | $249.0M | ||
| Q4 24 | $396.6M | $246.0M | ||
| Q3 24 | $389.9M | $240.5M | ||
| Q2 24 | $380.5M | $232.2M |
总资产FSBCPDFS
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.8B | $418.7M | ||
| Q3 25 | $4.6B | $406.4M | ||
| Q2 25 | $4.4B | $391.1M | ||
| Q1 25 | $4.2B | $390.0M | ||
| Q4 24 | $4.1B | $315.3M | ||
| Q3 24 | $3.9B | $307.4M | ||
| Q2 24 | $3.6B | $298.0M |
负债/权益比FSBCPDFS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $17.3M |
| 自由现金流经营现金流 - 资本支出 | — | $7.5M |
| 自由现金流率自由现金流/营收 | — | 12.1% |
| 资本支出强度资本支出/营收 | — | 15.7% |
| 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 | — | $-8.6M |
8季度趋势，按日历期对齐
经营现金流FSBCPDFS
| Q1 26 | — | — | ||
| Q4 25 | $72.6M | $17.3M | ||
| Q3 25 | $18.8M | $3.3M | ||
| Q2 25 | $17.8M | $-5.2M | ||
| Q1 25 | $15.5M | $8.6M | ||
| Q4 24 | $51.8M | $1.6M | ||
| Q3 24 | $17.5M | $9.3M | ||
| Q2 24 | $16.0M | $684.0K |
自由现金流FSBCPDFS
| Q1 26 | — | — | ||
| Q4 25 | $71.4M | $7.5M | ||
| Q3 25 | $18.6M | $-2.9M | ||
| Q2 25 | $17.5M | $-13.8M | ||
| Q1 25 | $15.4M | $535.0K | ||
| Q4 24 | $51.2M | $-4.0M | ||
| Q3 24 | $17.3M | $5.1M | ||
| Q2 24 | $15.8M | $-4.6M |
自由现金流率FSBCPDFS
| Q1 26 | — | — | ||
| Q4 25 | 164.3% | 12.1% | ||
| Q3 25 | 45.0% | -5.1% | ||
| Q2 25 | 45.8% | -26.6% | ||
| Q1 25 | 43.5% | 1.1% | ||
| Q4 24 | 145.5% | -8.0% | ||
| Q3 24 | 54.5% | 11.0% | ||
| Q2 24 | 51.6% | -11.1% |
资本支出强度FSBCPDFS
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 15.7% | ||
| Q3 25 | 0.5% | 10.8% | ||
| Q2 25 | 0.6% | 16.5% | ||
| Q1 25 | 0.3% | 17.0% | ||
| Q4 24 | 1.8% | 11.3% | ||
| Q3 24 | 0.7% | 9.0% | ||
| Q2 24 | 0.7% | 12.8% |
现金转化率FSBCPDFS
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | — | ||
| Q3 25 | 1.15× | 2.54× | ||
| Q2 25 | 1.23× | -4.55× | ||
| Q1 25 | 1.18× | — | ||
| Q4 24 | 3.89× | 2.98× | ||
| Q3 24 | 1.60× | 4.20× | ||
| Q2 24 | 1.49× | 0.40× |
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
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
