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NATURAL ALTERNATIVES INTERNATIONAL INC（NAII）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NATURAL ALTERNATIVES INTERNATIONAL INC的1.8倍（$62.4M vs $34.8M），PDF SOLUTIONS INC净利率更高（-0.1% vs -7.3%，领先7.3%），PDF SOLUTIONS INC同比增速更快（24.6% vs 2.1%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-7.3M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 17.7%）
天然替代品国际公司（NAI）是一家总部位于美国加利福尼亚州卡尔斯巴德的企业，主打营养补充剂生产，知名产品包括Juice Plus。公司由马克·A·勒杜创立于1980年，生产基地分布在美国加利福尼亚州维斯塔、瑞士与日本，在营养补充剂代工生产领域拥有多年经验。
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。
NAII vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.8倍
$34.8M
营收增速更快
PDFS
高出22.5%
2.1%
净利率更高
PDFS
高出7.3%
-7.3%
自由现金流更多
PDFS
多$14.8M
$-7.3M
两年增速更快
PDFS
近两年复合增速
17.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $34.8M | $62.4M |
| 净利润 | $-2.6M | $-48.0K |
| 毛利率 | 7.2% | 72.9% |
| 营业利润率 | -5.3% | 5.5% |
| 净利率 | -7.3% | -0.1% |
| 营收同比 | 2.1% | 24.6% |
| 净利润同比 | -16.5% | -108.9% |
| 每股收益（稀释后） | $-0.42 | $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NAIIPDFS
| Q4 25 | $34.8M | $62.4M | ||
| Q3 25 | $37.7M | $57.1M | ||
| Q2 25 | $33.9M | $51.7M | ||
| Q1 25 | $28.8M | $47.8M | ||
| Q4 24 | $34.1M | $50.1M | ||
| Q3 24 | $33.1M | $46.4M | ||
| Q2 24 | $29.5M | $41.7M | ||
| Q1 24 | $25.1M | $41.3M |
净利润NAIIPDFS
| Q4 25 | $-2.6M | $-48.0K | ||
| Q3 25 | $-291.0K | $1.3M | ||
| Q2 25 | $-7.2M | $1.1M | ||
| Q1 25 | $-2.2M | $-3.0M | ||
| Q4 24 | $-2.2M | $539.0K | ||
| Q3 24 | $-2.0M | $2.2M | ||
| Q2 24 | $-1.9M | $1.7M | ||
| Q1 24 | $-1.6M | $-393.0K |
毛利率NAIIPDFS
| Q4 25 | 7.2% | 72.9% | ||
| Q3 25 | 11.7% | 72.3% | ||
| Q2 25 | 10.4% | 71.2% | ||
| Q1 25 | 6.3% | 72.9% | ||
| Q4 24 | 4.9% | 68.3% | ||
| Q3 24 | 6.8% | 73.1% | ||
| Q2 24 | 4.8% | 70.6% | ||
| Q1 24 | 7.6% | 67.3% |
营业利润率NAIIPDFS
| Q4 25 | -5.3% | 5.5% | ||
| Q3 25 | 0.8% | 8.5% | ||
| Q2 25 | -5.7% | 2.2% | ||
| Q1 25 | -7.3% | -7.4% | ||
| Q4 24 | -8.2% | 1.0% | ||
| Q3 24 | -5.5% | 4.6% | ||
| Q2 24 | -8.6% | 0.6% | ||
| Q1 24 | -7.8% | -4.7% |
净利率NAIIPDFS
| Q4 25 | -7.3% | -0.1% | ||
| Q3 25 | -0.8% | 2.3% | ||
| Q2 25 | -21.3% | 2.2% | ||
| Q1 25 | -7.6% | -6.3% | ||
| Q4 24 | -6.4% | 1.1% | ||
| Q3 24 | -6.0% | 4.8% | ||
| Q2 24 | -6.4% | 4.1% | ||
| Q1 24 | -6.3% | -1.0% |
每股收益（稀释后）NAIIPDFS
| Q4 25 | $-0.42 | $0.00 | ||
| Q3 25 | $-0.05 | $0.03 | ||
| Q2 25 | $-1.21 | $0.03 | ||
| Q1 25 | $-0.37 | $-0.08 | ||
| Q4 24 | $-0.37 | $0.01 | ||
| Q3 24 | $-0.33 | $0.06 | ||
| Q2 24 | $-0.32 | $0.04 | ||
| Q1 24 | $-0.27 | $-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 | $3.8M | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $67.0M | $271.0M |
| 总资产 | $153.3M | $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NAIIPDFS
| Q4 25 | $3.8M | $42.2M | ||
| Q3 25 | $7.7M | $35.9M | ||
| Q2 25 | $12.3M | $40.4M | ||
| Q1 25 | $10.6M | $54.1M | ||
| Q4 24 | $8.7M | $114.9M | ||
| Q3 24 | $10.2M | $120.2M | ||
| Q2 24 | $12.0M | $117.9M | ||
| Q1 24 | $12.4M | $122.9M |
总债务NAIIPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NAIIPDFS
| Q4 25 | $67.0M | $271.0M | ||
| Q3 25 | $69.0M | $264.4M | ||
| Q2 25 | $68.4M | $257.5M | ||
| Q1 25 | $76.6M | $249.0M | ||
| Q4 24 | $79.1M | $246.0M | ||
| Q3 24 | $80.2M | $240.5M | ||
| Q2 24 | $82.6M | $232.2M | ||
| Q1 24 | $84.1M | $225.4M |
总资产NAIIPDFS
| Q4 25 | $153.3M | $418.7M | ||
| Q3 25 | $156.9M | $406.4M | ||
| Q2 25 | $151.9M | $391.1M | ||
| Q1 25 | $154.9M | $390.0M | ||
| Q4 24 | $156.1M | $315.3M | ||
| Q3 24 | $161.3M | $307.4M | ||
| Q2 24 | $162.3M | $298.0M | ||
| Q1 24 | $153.2M | $286.8M |
负债/权益比NAIIPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-6.3M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-7.3M | $7.5M |
| 自由现金流率自由现金流/营收 | -20.9% | 12.1% |
| 资本支出强度资本支出/营收 | 2.7% | 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 | $-5.2M | $-8.6M |
8季度趋势，按日历期对齐
经营现金流NAIIPDFS
| Q4 25 | $-6.3M | $17.3M | ||
| Q3 25 | $-4.0M | $3.3M | ||
| Q2 25 | $3.3M | $-5.2M | ||
| Q1 25 | $6.0M | $8.6M | ||
| Q4 24 | $37.0K | $1.6M | ||
| Q3 24 | $-3.4M | $9.3M | ||
| Q2 24 | $-2.7M | $684.0K | ||
| Q1 24 | $-3.6M | $-1.9M |
自由现金流NAIIPDFS
| Q4 25 | $-7.3M | $7.5M | ||
| Q3 25 | $-5.1M | $-2.9M | ||
| Q2 25 | $1.9M | $-13.8M | ||
| Q1 25 | $5.2M | $535.0K | ||
| Q4 24 | $-1.0M | $-4.0M | ||
| Q3 24 | $-3.7M | $5.1M | ||
| Q2 24 | $-3.8M | $-4.6M | ||
| Q1 24 | $-3.9M | $-3.9M |
自由现金流率NAIIPDFS
| Q4 25 | -20.9% | 12.1% | ||
| Q3 25 | -13.4% | -5.1% | ||
| Q2 25 | 5.6% | -26.6% | ||
| Q1 25 | 18.0% | 1.1% | ||
| Q4 24 | -3.0% | -8.0% | ||
| Q3 24 | -11.3% | 11.0% | ||
| Q2 24 | -12.7% | -11.1% | ||
| Q1 24 | -15.5% | -9.4% |
资本支出强度NAIIPDFS
| Q4 25 | 2.7% | 15.7% | ||
| Q3 25 | 2.7% | 10.8% | ||
| Q2 25 | 4.3% | 16.5% | ||
| Q1 25 | 2.8% | 17.0% | ||
| Q4 24 | 3.1% | 11.3% | ||
| Q3 24 | 0.9% | 9.0% | ||
| Q2 24 | 3.5% | 12.8% | ||
| Q1 24 | 1.1% | 4.9% |
现金转化率NAIIPDFS
| 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
NAII
| Private Label Contract Manufacturing | $32.8M | 94% |
| Patent And Trademark Licensing | $2.0M | 6% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
