vs
香港置地（LAND）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的季度营收约是香港置地的1.5倍（$62.4M vs $41.5M），香港置地净利率更高（10.2% vs -0.1%，领先10.2%），香港置地同比增速更快（96.5% vs 24.6%），过去两年香港置地的营收复合增速更高（43.1% vs 22.9%）
香港置地是一家专注于房地产投资、管理及开发的集团，在亚洲各地布局商业与住宅地产业务。目前集团在亚洲持有并运营约85万平方米的写字楼及商业零售物业，核心布局中国香港与新加坡两地，其中香港中环的商业物业规模居当地首位，新加坡则主要通过合资持有约16.5万平方米的写字楼空间。
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。
LAND vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.5倍
$41.5M
营收增速更快
LAND
高出71.9%
24.6%
净利率更高
LAND
高出10.2%
-0.1%
两年增速更快
LAND
近两年复合增速
22.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.5M | $62.4M |
| 净利润 | $4.2M | $-48.0K |
| 毛利率 | — | 72.9% |
| 营业利润率 | — | 5.5% |
| 净利率 | 10.2% | -0.1% |
| 营收同比 | 96.5% | 24.6% |
| 净利润同比 | 680.0% | -108.9% |
| 每股收益（稀释后） | $-0.05 | $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LANDPDFS
| Q4 25 | $41.5M | $62.4M | ||
| Q3 25 | $17.8M | $57.1M | ||
| Q2 25 | $12.3M | $51.7M | ||
| Q1 25 | $16.8M | $47.8M | ||
| Q4 24 | $21.1M | $50.1M | ||
| Q3 24 | $22.6M | $46.4M | ||
| Q2 24 | $21.3M | $41.7M | ||
| Q1 24 | $20.3M | $41.3M |
净利润LANDPDFS
| Q4 25 | $4.2M | $-48.0K | ||
| Q3 25 | $2.1M | $1.3M | ||
| Q2 25 | $-7.9M | $1.1M | ||
| Q1 25 | $15.1M | $-3.0M | ||
| Q4 24 | $540.0K | $539.0K | ||
| Q3 24 | $6.0K | $2.2M | ||
| Q2 24 | $-823.0K | $1.7M | ||
| Q1 24 | $13.6M | $-393.0K |
毛利率LANDPDFS
| 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LANDPDFS
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | -4.7% |
净利率LANDPDFS
| Q4 25 | 10.2% | -0.1% | ||
| Q3 25 | 11.7% | 2.3% | ||
| Q2 25 | -64.1% | 2.2% | ||
| Q1 25 | 89.9% | -6.3% | ||
| Q4 24 | 2.6% | 1.1% | ||
| Q3 24 | 0.0% | 4.8% | ||
| Q2 24 | -3.9% | 4.1% | ||
| Q1 24 | 67.0% | -1.0% |
每股收益（稀释后）LANDPDFS
| Q4 25 | $-0.05 | $0.00 | ||
| Q3 25 | $-0.11 | $0.03 | ||
| Q2 25 | $-0.38 | $0.03 | ||
| Q1 25 | $0.25 | $-0.08 | ||
| Q4 24 | $-0.15 | $0.01 | ||
| Q3 24 | $-0.16 | $0.06 | ||
| Q2 24 | $-0.19 | $0.04 | ||
| Q1 24 | $0.21 | $-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 | $27.2M | $42.2M |
| 总债务越低越好 | $473.6M | $67.0M |
| 股东权益账面价值 | $670.3M | $271.0M |
| 总资产 | $1.2B | $418.7M |
| 负债/权益比越低杠杆越低 | 0.71× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资LANDPDFS
| Q4 25 | $27.2M | $42.2M | ||
| Q3 25 | $11.3M | $35.9M | ||
| Q2 25 | $30.5M | $40.4M | ||
| Q1 25 | $42.9M | $54.1M | ||
| Q4 24 | $18.3M | $114.9M | ||
| Q3 24 | $13.2M | $120.2M | ||
| Q2 24 | $49.8M | $117.9M | ||
| Q1 24 | $51.6M | $122.9M |
总债务LANDPDFS
| Q4 25 | $473.6M | $67.0M | ||
| Q3 25 | $480.4M | $67.6M | ||
| Q2 25 | $496.4M | $68.1M | ||
| Q1 25 | $498.8M | $68.7M | ||
| Q4 24 | $527.5M | — | ||
| Q3 24 | $530.7M | — | ||
| Q2 24 | $549.4M | — | ||
| Q1 24 | $552.2M | — |
股东权益LANDPDFS
| Q4 25 | $670.3M | $271.0M | ||
| Q3 25 | $661.8M | $264.4M | ||
| Q2 25 | $670.1M | $257.5M | ||
| Q1 25 | $689.9M | $249.0M | ||
| Q4 24 | $687.2M | $246.0M | ||
| Q3 24 | $691.2M | $240.5M | ||
| Q2 24 | $708.5M | $232.2M | ||
| Q1 24 | $723.3M | $225.4M |
总资产LANDPDFS
| Q4 25 | $1.2B | $418.7M | ||
| Q3 25 | $1.2B | $406.4M | ||
| Q2 25 | $1.3B | $391.1M | ||
| Q1 25 | $1.3B | $390.0M | ||
| Q4 24 | $1.3B | $315.3M | ||
| Q3 24 | $1.3B | $307.4M | ||
| Q2 24 | $1.4B | $298.0M | ||
| Q1 24 | $1.4B | $286.8M |
负债/权益比LANDPDFS
| Q4 25 | 0.71× | 0.25× | ||
| Q3 25 | 0.73× | 0.26× | ||
| Q2 25 | 0.74× | 0.26× | ||
| Q1 25 | 0.72× | 0.28× | ||
| Q4 24 | 0.77× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 0.76× | — |
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 | $7.0M | $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 | 1.66× | — |
| 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LANDPDFS
| Q4 25 | $7.0M | $17.3M | ||
| Q3 25 | $-12.0M | $3.3M | ||
| Q2 25 | $3.9M | $-5.2M | ||
| Q1 25 | $4.5M | $8.6M | ||
| Q4 24 | $29.5M | $1.6M | ||
| Q3 24 | $-1.4M | $9.3M | ||
| Q2 24 | $15.9M | $684.0K | ||
| Q1 24 | $3.4M | $-1.9M |
自由现金流LANDPDFS
| Q4 25 | — | $7.5M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | $-13.8M | ||
| Q1 25 | — | $535.0K | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $-3.9M |
自由现金流率LANDPDFS
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | -5.1% | ||
| Q2 25 | — | -26.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | -8.0% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | -11.1% | ||
| Q1 24 | — | -9.4% |
资本支出强度LANDPDFS
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | 4.9% |
现金转化率LANDPDFS
| Q4 25 | 1.66× | — | ||
| Q3 25 | -5.77× | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 54.72× | 2.98× | ||
| Q3 24 | -227.83× | 4.20× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | 0.25× | — |
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
LAND
暂无分部数据
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
