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Fathom Holdings Inc.（FTHM）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
Fathom Holdings Inc.的季度营收约是PDF SOLUTIONS INC的1.5倍（$90.6M vs $62.4M），PDF SOLUTIONS INC净利率更高（-0.1% vs -7.4%，领先7.3%），PDF SOLUTIONS INC同比增速更快（24.6% vs -1.2%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-20.7M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 13.4%）
Fathom Holdings Inc.是一家总部位于美国的房地产科技与服务企业，为房产经纪人、经纪机构和消费者提供数字交易管理、按揭服务、产权保险、住宅经纪等一站式解决方案，业务覆盖美国大部分区域市场。
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。
FTHM vs PDFS — 直观对比
营收规模更大
FTHM
是对方的1.5倍
$62.4M
营收增速更快
PDFS
高出25.8%
-1.2%
净利率更高
PDFS
高出7.3%
-7.4%
自由现金流更多
PDFS
多$28.2M
$-20.7M
两年增速更快
PDFS
近两年复合增速
13.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $62.4M |
| 净利润 | $-6.7M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | -5.2% | 5.5% |
| 净利率 | -7.4% | -0.1% |
| 营收同比 | -1.2% | 24.6% |
| 净利润同比 | -7.7% | -108.9% |
| 每股收益（稀释后） | $-0.20 | $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FTHMPDFS
| Q4 25 | $90.6M | $62.4M | ||
| Q3 25 | $115.3M | $57.1M | ||
| Q2 25 | $121.4M | $51.7M | ||
| Q1 25 | $93.1M | $47.8M | ||
| Q4 24 | $91.7M | $50.1M | ||
| Q3 24 | $83.7M | $46.4M | ||
| Q2 24 | $89.2M | $41.7M | ||
| Q1 24 | $70.5M | $41.3M |
净利润FTHMPDFS
| Q4 25 | $-6.7M | $-48.0K | ||
| Q3 25 | $-4.4M | $1.3M | ||
| Q2 25 | $-3.6M | $1.1M | ||
| Q1 25 | $-5.6M | $-3.0M | ||
| Q4 24 | $-6.2M | $539.0K | ||
| Q3 24 | $-8.1M | $2.2M | ||
| Q2 24 | $-1.3M | $1.7M | ||
| Q1 24 | $-5.9M | $-393.0K |
毛利率FTHMPDFS
| 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% | ||
| Q1 24 | — | 67.3% |
营业利润率FTHMPDFS
| Q4 25 | -5.2% | 5.5% | ||
| Q3 25 | -3.5% | 8.5% | ||
| Q2 25 | -2.0% | 2.2% | ||
| Q1 25 | -4.8% | -7.4% | ||
| Q4 24 | -7.0% | 1.0% | ||
| Q3 24 | -9.3% | 4.6% | ||
| Q2 24 | -4.1% | 0.6% | ||
| Q1 24 | -8.0% | -4.7% |
净利率FTHMPDFS
| Q4 25 | -7.4% | -0.1% | ||
| Q3 25 | -3.8% | 2.3% | ||
| Q2 25 | -3.0% | 2.2% | ||
| Q1 25 | -6.1% | -6.3% | ||
| Q4 24 | -6.8% | 1.1% | ||
| Q3 24 | -9.7% | 4.8% | ||
| Q2 24 | -1.5% | 4.1% | ||
| Q1 24 | -8.4% | -1.0% |
每股收益（稀释后）FTHMPDFS
| Q4 25 | $-0.20 | $0.00 | ||
| Q3 25 | $-0.15 | $0.03 | ||
| Q2 25 | $-0.13 | $0.03 | ||
| Q1 25 | $-0.24 | $-0.08 | ||
| Q4 24 | $-0.29 | $0.01 | ||
| Q3 24 | $-0.40 | $0.06 | ||
| Q2 24 | $-0.07 | $0.04 | ||
| Q1 24 | $-0.31 | $-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 | $5.8M | $42.2M |
| 总债务越低越好 | $5.6M | $67.0M |
| 股东权益账面价值 | $37.4M | $271.0M |
| 总资产 | $78.0M | $418.7M |
| 负债/权益比越低杠杆越低 | 0.15× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资FTHMPDFS
| Q4 25 | $5.8M | $42.2M | ||
| Q3 25 | $9.8M | $35.9M | ||
| Q2 25 | $4.9M | $40.4M | ||
| Q1 25 | $8.0M | $54.1M | ||
| Q4 24 | $7.1M | $114.9M | ||
| Q3 24 | $13.1M | $120.2M | ||
| Q2 24 | $10.4M | $117.9M | ||
| Q1 24 | $5.7M | $122.9M |
总债务FTHMPDFS
| Q4 25 | $5.6M | $67.0M | ||
| Q3 25 | $5.1M | $67.6M | ||
| Q2 25 | $5.1M | $68.1M | ||
| Q1 25 | $5.1M | $68.7M | ||
| Q4 24 | $9.5M | — | ||
| Q3 24 | $8.8M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $3.7M | — |
股东权益FTHMPDFS
| Q4 25 | $37.4M | $271.0M | ||
| Q3 25 | $43.4M | $264.4M | ||
| Q2 25 | $40.7M | $257.5M | ||
| Q1 25 | $43.4M | $249.0M | ||
| Q4 24 | $44.7M | $246.0M | ||
| Q3 24 | $47.1M | $240.5M | ||
| Q2 24 | $53.1M | $232.2M | ||
| Q1 24 | $51.9M | $225.4M |
总资产FTHMPDFS
| Q4 25 | $78.0M | $418.7M | ||
| Q3 25 | $83.2M | $406.4M | ||
| Q2 25 | $80.4M | $391.1M | ||
| Q1 25 | $81.0M | $390.0M | ||
| Q4 24 | $75.4M | $315.3M | ||
| Q3 24 | $80.9M | $307.4M | ||
| Q2 24 | $80.2M | $298.0M | ||
| Q1 24 | $78.2M | $286.8M |
负债/权益比FTHMPDFS
| Q4 25 | 0.15× | 0.25× | ||
| Q3 25 | 0.12× | 0.26× | ||
| Q2 25 | 0.12× | 0.26× | ||
| Q1 25 | 0.12× | 0.28× | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.07× | — |
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 | $-20.5M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | $7.5M |
| 自由现金流率自由现金流/营收 | -22.8% | 12.1% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $-29.4M | $-8.6M |
8季度趋势，按日历期对齐
经营现金流FTHMPDFS
| Q4 25 | $-20.5M | $17.3M | ||
| Q3 25 | $3.0M | $3.3M | ||
| Q2 25 | $-5.9M | $-5.2M | ||
| Q1 25 | $-5.7M | $8.6M | ||
| Q4 24 | $-4.7M | $1.6M | ||
| Q3 24 | $-330.0K | $9.3M | ||
| Q2 24 | $-3.1M | $684.0K | ||
| Q1 24 | $-947.0K | $-1.9M |
自由现金流FTHMPDFS
| Q4 25 | $-20.7M | $7.5M | ||
| Q3 25 | $3.0M | $-2.9M | ||
| Q2 25 | $-6.0M | $-13.8M | ||
| Q1 25 | $-5.8M | $535.0K | ||
| Q4 24 | $-4.7M | $-4.0M | ||
| Q3 24 | $-364.0K | $5.1M | ||
| Q2 24 | $-3.1M | $-4.6M | ||
| Q1 24 | $-948.0K | $-3.9M |
自由现金流率FTHMPDFS
| Q4 25 | -22.8% | 12.1% | ||
| Q3 25 | 2.6% | -5.1% | ||
| Q2 25 | -4.9% | -26.6% | ||
| Q1 25 | -6.2% | 1.1% | ||
| Q4 24 | -5.2% | -8.0% | ||
| Q3 24 | -0.4% | 11.0% | ||
| Q2 24 | -3.5% | -11.1% | ||
| Q1 24 | -1.3% | -9.4% |
资本支出强度FTHMPDFS
| Q4 25 | 0.1% | 15.7% | ||
| Q3 25 | 0.0% | 10.8% | ||
| Q2 25 | 0.0% | 16.5% | ||
| Q1 25 | 0.0% | 17.0% | ||
| Q4 24 | 0.1% | 11.3% | ||
| Q3 24 | 0.0% | 9.0% | ||
| Q2 24 | 0.0% | 12.8% | ||
| Q1 24 | 0.0% | 4.9% |
现金转化率FTHMPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 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
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
