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是德科技（KEYS）与帕兰提尔科技（PLTR）财务数据对比。点击上方公司名可切换其他公司
是德科技的季度营收约是帕兰提尔科技的1.0倍（$1.4B vs $1.4B），帕兰提尔科技净利率更高（43.3% vs 16.4%，领先26.8%），帕兰提尔科技同比增速更快（70.0% vs 10.3%），帕兰提尔科技自由现金流更多（$764.0M vs $187.0M），过去两年帕兰提尔科技的营收复合增速更高（48.9% vs 6.2%）
是德科技是一家美国企业，主营电子测试测量设备与软件的研发、生产业务。公司由安捷伦科技拆分而来，核心产品线继承自惠普测试测量部门上世纪60年代末至千禧年间开发的相关产品，后独立为现有品牌。
帕兰提尔科技是美国上市企业，专注研发数据集成与分析平台，为政府机构、军方及各行业企业提供多源数据整合分析能力。旗下核心产品Gotham与Foundry可打通相互孤立的数据库，广泛支撑情报作业、反恐分析、执法工作及企业级数据分析场景。
KEYS vs PLTR — 直观对比
营收规模更大
KEYS
是对方的1.0倍
$1.4B
营收增速更快
PLTR
高出59.7%
10.3%
净利率更高
PLTR
高出26.8%
16.4%
自由现金流更多
PLTR
多$577.0M
$187.0M
两年增速更快
PLTR
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $233.0M | $608.7M |
| 毛利率 | 61.2% | 84.6% |
| 营业利润率 | 15.3% | 40.9% |
| 净利率 | 16.4% | 43.3% |
| 营收同比 | 10.3% | 70.0% |
| 净利润同比 | 419.2% | 670.4% |
| 每股收益（稀释后） | $1.35 | $0.24 |
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KEYSPLTR
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.3B | $883.9M | ||
| Q4 24 | $1.3B | $827.5M | ||
| Q3 24 | $1.2B | $725.5M | ||
| Q2 24 | $1.2B | $678.1M | ||
| Q1 24 | $1.3B | $634.3M |
净利润KEYSPLTR
| Q4 25 | $233.0M | $608.7M | ||
| Q3 25 | $191.0M | $475.6M | ||
| Q2 25 | $257.0M | $326.7M | ||
| Q1 25 | $169.0M | $214.0M | ||
| Q4 24 | $-73.0M | $79.0M | ||
| Q3 24 | $389.0M | $143.5M | ||
| Q2 24 | $126.0M | $134.1M | ||
| Q1 24 | $172.0M | $105.5M |
毛利率KEYSPLTR
| Q4 25 | 61.2% | 84.6% | ||
| Q3 25 | 61.7% | 82.4% | ||
| Q2 25 | 62.3% | 80.8% | ||
| Q1 25 | 63.2% | 80.4% | ||
| Q4 24 | 62.3% | 78.9% | ||
| Q3 24 | 62.0% | 79.8% | ||
| Q2 24 | 62.7% | 81.0% | ||
| Q1 24 | 64.6% | 81.7% |
营业利润率KEYSPLTR
| Q4 25 | 15.3% | 40.9% | ||
| Q3 25 | 17.3% | 33.3% | ||
| Q2 25 | 15.8% | 26.8% | ||
| Q1 25 | 16.8% | 19.9% | ||
| Q4 24 | 17.9% | 1.3% | ||
| Q3 24 | 16.8% | 15.6% | ||
| Q2 24 | 14.6% | 15.5% | ||
| Q1 24 | 17.6% | 12.8% |
净利率KEYSPLTR
| Q4 25 | 16.4% | 43.3% | ||
| Q3 25 | 14.1% | 40.3% | ||
| Q2 25 | 19.7% | 32.6% | ||
| Q1 25 | 13.0% | 24.2% | ||
| Q4 24 | -5.7% | 9.5% | ||
| Q3 24 | 32.0% | 19.8% | ||
| Q2 24 | 10.4% | 19.8% | ||
| Q1 24 | 13.7% | 16.6% |
每股收益（稀释后）KEYSPLTR
| Q4 25 | $1.35 | $0.24 | ||
| Q3 25 | $1.10 | $0.18 | ||
| Q2 25 | $1.49 | $0.13 | ||
| Q1 25 | $0.97 | $0.08 | ||
| Q4 24 | $-0.41 | $0.03 | ||
| Q3 24 | $2.22 | $0.06 | ||
| Q2 24 | $0.72 | $0.06 | ||
| Q1 24 | $0.98 | $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 | $1.9B | $7.2B |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $5.9B | $7.4B |
| 总资产 | $11.3B | $8.9B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资KEYSPLTR
| Q4 25 | $1.9B | $7.2B | ||
| Q3 25 | $2.6B | $6.4B | ||
| Q2 25 | $3.1B | $6.0B | ||
| Q1 25 | $2.1B | $5.4B | ||
| Q4 24 | $1.8B | $5.2B | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.7B | $4.0B | ||
| Q1 24 | $1.7B | $3.9B |
总债务KEYSPLTR
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | — |
股东权益KEYSPLTR
| Q4 25 | $5.9B | $7.4B | ||
| Q3 25 | $5.7B | $6.6B | ||
| Q2 25 | $5.5B | $5.9B | ||
| Q1 25 | $5.2B | $5.4B | ||
| Q4 24 | $5.1B | $5.0B | ||
| Q3 24 | $5.2B | $4.5B | ||
| Q2 24 | $4.9B | $4.1B | ||
| Q1 24 | $4.8B | $3.8B |
总资产KEYSPLTR
| Q4 25 | $11.3B | $8.9B | ||
| Q3 25 | $10.7B | $8.1B | ||
| Q2 25 | $10.5B | $7.4B | ||
| Q1 25 | $9.4B | $6.7B | ||
| Q4 24 | $9.3B | $6.3B | ||
| Q3 24 | $9.3B | $5.8B | ||
| Q2 24 | $9.0B | $5.2B | ||
| Q1 24 | $9.1B | $4.8B |
负债/权益比KEYSPLTR
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.38× | — |
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 | $225.0M | $777.3M |
| 自由现金流经营现金流 - 资本支出 | $187.0M | $764.0M |
| 自由现金流率自由现金流/营收 | 13.2% | 54.3% |
| 资本支出强度资本支出/营收 | 2.7% | 0.9% |
| 现金转化率经营现金流/净利润 | 0.97× | 1.28× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $2.1B |
8季度趋势，按日历期对齐
经营现金流KEYSPLTR
| Q4 25 | $225.0M | $777.3M | ||
| Q3 25 | $322.0M | $507.7M | ||
| Q2 25 | $484.0M | $539.3M | ||
| Q1 25 | $378.0M | $310.3M | ||
| Q4 24 | $359.0M | $460.3M | ||
| Q3 24 | $255.0M | $419.8M | ||
| Q2 24 | $110.0M | $144.2M | ||
| Q1 24 | $328.0M | $129.6M |
自由现金流KEYSPLTR
| Q4 25 | $187.0M | $764.0M | ||
| Q3 25 | $291.0M | $500.9M | ||
| Q2 25 | $457.0M | $531.6M | ||
| Q1 25 | $346.0M | $304.1M | ||
| Q4 24 | $321.0M | $457.2M | ||
| Q3 24 | $222.0M | $415.8M | ||
| Q2 24 | $74.0M | $141.3M | ||
| Q1 24 | $281.0M | $126.9M |
自由现金流率KEYSPLTR
| Q4 25 | 13.2% | 54.3% | ||
| Q3 25 | 21.5% | 42.4% | ||
| Q2 25 | 35.0% | 53.0% | ||
| Q1 25 | 26.7% | 34.4% | ||
| Q4 24 | 24.9% | 55.3% | ||
| Q3 24 | 18.2% | 57.3% | ||
| Q2 24 | 6.1% | 20.8% | ||
| Q1 24 | 22.3% | 20.0% |
资本支出强度KEYSPLTR
| Q4 25 | 2.7% | 0.9% | ||
| Q3 25 | 2.3% | 0.6% | ||
| Q2 25 | 2.1% | 0.8% | ||
| Q1 25 | 2.5% | 0.7% | ||
| Q4 24 | 3.0% | 0.4% | ||
| Q3 24 | 2.7% | 0.5% | ||
| Q2 24 | 3.0% | 0.4% | ||
| Q1 24 | 3.7% | 0.4% |
现金转化率KEYSPLTR
| Q4 25 | 0.97× | 1.28× | ||
| Q3 25 | 1.69× | 1.07× | ||
| Q2 25 | 1.88× | 1.65× | ||
| Q1 25 | 2.24× | 1.45× | ||
| Q4 24 | — | 5.83× | ||
| Q3 24 | 0.66× | 2.92× | ||
| Q2 24 | 0.87× | 1.08× | ||
| Q1 24 | 1.91× | 1.23× |
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
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
PLTR
| Geographic Concentration Risk | $1.1B | 77% |
| Other | $330.4M | 23% |
