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HERITAGE COMMERCE CORP（HTBK）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
HERITAGE COMMERCE CORP的季度营收约是TELOS CORP的1.1倍（$53.6M vs $46.8M），HERITAGE COMMERCE CORP净利率更高（28.2% vs -34.9%，领先63.1%），TELOS CORP同比增速更快（77.4% vs 15.6%），HERITAGE COMMERCE CORP自由现金流更多（$61.3M vs $8.0M），过去两年TELOS CORP的营收复合增速更高（25.7% vs 12.8%）
本文介绍的企业主体信息与内容描述不符，描述内容实际为美国商会，该商会成立于1912年4月23日，是美国规模最大的游说类商业协会 advocacy 团体，成立之初得益于时任总统威廉·霍华德·塔夫脱与劳工商务部长查尔斯·内格尔推动，旨在代表工商界发声。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
HTBK vs TLS — 直观对比
营收规模更大
HTBK
是对方的1.1倍
$46.8M
营收增速更快
TLS
高出61.7%
15.6%
净利率更高
HTBK
高出63.1%
-34.9%
自由现金流更多
HTBK
多$53.3M
$8.0M
两年增速更快
TLS
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $53.6M | $46.8M |
| 净利润 | $15.1M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 41.0% | -39.6% |
| 净利率 | 28.2% | -34.9% |
| 营收同比 | 15.6% | 77.4% |
| 净利润同比 | 42.3% | -74.8% |
| 每股收益（稀释后） | $0.25 | $-0.22 |
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HTBKTLS
| Q4 25 | $53.6M | $46.8M | ||
| Q3 25 | $50.0M | $51.4M | ||
| Q2 25 | $47.8M | $36.0M | ||
| Q1 25 | $46.1M | $30.6M | ||
| Q4 24 | $46.4M | $26.4M | ||
| Q3 24 | $42.2M | $23.8M | ||
| Q2 24 | $41.7M | $28.5M | ||
| Q1 24 | $42.1M | $29.6M |
净利润HTBKTLS
| Q4 25 | $15.1M | $-16.3M | ||
| Q3 25 | $14.7M | $-2.1M | ||
| Q2 25 | $6.4M | $-9.5M | ||
| Q1 25 | $11.6M | $-8.6M | ||
| Q4 24 | $10.6M | $-9.3M | ||
| Q3 24 | $10.5M | $-28.1M | ||
| Q2 24 | $9.2M | $-7.8M | ||
| Q1 24 | $10.2M | $-7.4M |
毛利率HTBKTLS
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
营业利润率HTBKTLS
| Q4 25 | 41.0% | -39.6% | ||
| Q3 25 | 41.1% | -4.8% | ||
| Q2 25 | 18.7% | -27.5% | ||
| Q1 25 | 35.4% | -29.5% | ||
| Q4 24 | 31.8% | -37.6% | ||
| Q3 24 | 34.3% | -121.4% | ||
| Q2 24 | 31.3% | -30.3% | ||
| Q1 24 | 34.2% | -28.5% |
净利率HTBKTLS
| Q4 25 | 28.2% | -34.9% | ||
| Q3 25 | 29.4% | -4.1% | ||
| Q2 25 | 13.4% | -26.5% | ||
| Q1 25 | 25.2% | -28.1% | ||
| Q4 24 | 22.9% | -35.4% | ||
| Q3 24 | 24.9% | -118.0% | ||
| Q2 24 | 22.1% | -27.2% | ||
| Q1 24 | 24.1% | -24.9% |
每股收益（稀释后）HTBKTLS
| Q4 25 | $0.25 | $-0.22 | ||
| Q3 25 | $0.24 | $-0.03 | ||
| Q2 25 | $0.10 | $-0.13 | ||
| Q1 25 | $0.19 | $-0.12 | ||
| Q4 24 | $0.17 | $-0.13 | ||
| Q3 24 | $0.17 | $-0.39 | ||
| Q2 24 | $0.15 | $-0.11 | ||
| Q1 24 | $0.17 | $-0.10 |
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 | — | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $708.6M | $96.0M |
| 总资产 | $5.8B | $139.9M |
| 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HTBKTLS
| Q4 25 | — | $53.2M | ||
| Q3 25 | — | $59.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $57.8M | ||
| Q4 24 | — | $54.6M | ||
| Q3 24 | — | $69.8M | ||
| Q2 24 | — | $80.1M | ||
| Q1 24 | — | $93.9M |
股东权益HTBKTLS
| Q4 25 | $708.6M | $96.0M | ||
| Q3 25 | $700.0M | $119.7M | ||
| Q2 25 | $694.7M | $118.4M | ||
| Q1 25 | $696.2M | $126.1M | ||
| Q4 24 | $689.7M | $127.1M | ||
| Q3 24 | $685.4M | $129.5M | ||
| Q2 24 | $679.2M | $149.1M | ||
| Q1 24 | $676.3M | $154.4M |
总资产HTBKTLS
| Q4 25 | $5.8B | $139.9M | ||
| Q3 25 | $5.6B | $164.3M | ||
| Q2 25 | $5.5B | $165.0M | ||
| Q1 25 | $5.5B | $158.1M | ||
| Q4 24 | $5.6B | $158.2M | ||
| Q3 24 | $5.6B | $166.3M | ||
| Q2 24 | $5.3B | $182.4M | ||
| Q1 24 | $5.3B | $195.4M |
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 | $61.7M | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $61.3M | $8.0M |
| 自由现金流率自由现金流/营收 | 114.3% | 17.0% |
| 资本支出强度资本支出/营收 | 0.7% | 0.1% |
| 现金转化率经营现金流/净利润 | 4.08× | — |
| 过去12个月自由现金流最近4个季度 | — | $29.4M |
8季度趋势，按日历期对齐
经营现金流HTBKTLS
| Q4 25 | $61.7M | $8.0M | ||
| Q3 25 | $18.9M | $9.1M | ||
| Q2 25 | $8.0M | $7.0M | ||
| Q1 25 | $14.8M | $6.1M | ||
| Q4 24 | $39.0M | $-10.5M | ||
| Q3 24 | $5.3M | $-7.1M | ||
| Q2 24 | $10.5M | $-8.0M | ||
| Q1 24 | $7.3M | $-350.0K |
自由现金流HTBKTLS
| Q4 25 | $61.3M | $8.0M | ||
| Q3 25 | $18.8M | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | $37.3M | $-12.4M | ||
| Q3 24 | $4.9M | $-7.1M | ||
| Q2 24 | $9.9M | $-8.2M | ||
| Q1 24 | $6.9M | $-447.0K |
自由现金流率HTBKTLS
| Q4 25 | 114.3% | 17.0% | ||
| Q3 25 | 37.7% | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | 80.5% | -47.0% | ||
| Q3 24 | 11.6% | -30.0% | ||
| Q2 24 | 23.6% | -28.9% | ||
| Q1 24 | 16.4% | -1.5% |
资本支出强度HTBKTLS
| Q4 25 | 0.7% | 0.1% | ||
| Q3 25 | 0.1% | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 3.5% | 7.1% | ||
| Q3 24 | 1.0% | 0.2% | ||
| Q2 24 | 1.6% | 0.8% | ||
| Q1 24 | 1.0% | 0.3% |
现金转化率HTBKTLS
| Q4 25 | 4.08× | — | ||
| Q3 25 | 1.28× | — | ||
| Q2 25 | 1.25× | — | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 1.14× | — | ||
| Q1 24 | 0.72× | — |
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
HTBK
暂无分部数据
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
