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NL INDUSTRIES INC（NL）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NL INDUSTRIES INC的1.7倍（$62.4M vs $37.7M），PDF SOLUTIONS INC净利率更高（-0.1% vs -82.2%，领先82.1%），PDF SOLUTIONS INC同比增速更快（24.6% vs -1.9%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-4.7M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs -0.4%）
NL工业公司前身为国民铅业公司，是一家铅冶炼企业，目前总部位于美国得克萨斯州休斯顿。该企业历史底蕴深厚，早在1896年5月26日道琼斯工业平均指数创立之初，NL工业就是最初纳入指数的12只成分股之一。
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。
NL vs PDFS — 直观对比
营收规模更大
PDFS
是对方的1.7倍
$37.7M
营收增速更快
PDFS
高出26.5%
-1.9%
净利率更高
PDFS
高出82.1%
-82.2%
自由现金流更多
PDFS
多$12.3M
$-4.7M
两年增速更快
PDFS
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $37.7M | $62.4M |
| 净利润 | $-31.0M | $-48.0K |
| 毛利率 | 32.1% | 72.9% |
| 营业利润率 | 7.6% | 5.5% |
| 净利率 | -82.2% | -0.1% |
| 营收同比 | -1.9% | 24.6% |
| 净利润同比 | -287.2% | -108.9% |
| 每股收益（稀释后） | $-0.63 | $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NLPDFS
| Q4 25 | $37.7M | $62.4M | ||
| Q3 25 | $40.0M | $57.1M | ||
| Q2 25 | $40.4M | $51.7M | ||
| Q1 25 | $40.3M | $47.8M | ||
| Q4 24 | $38.4M | $50.1M | ||
| Q3 24 | $33.7M | $46.4M | ||
| Q2 24 | $35.9M | $41.7M | ||
| Q1 24 | $38.0M | $41.3M |
净利润NLPDFS
| Q4 25 | $-31.0M | $-48.0K | ||
| Q3 25 | $-7.9M | $1.3M | ||
| Q2 25 | $355.0K | $1.1M | ||
| Q1 25 | $667.0K | $-3.0M | ||
| Q4 24 | $16.5M | $539.0K | ||
| Q3 24 | $36.0M | $2.2M | ||
| Q2 24 | $7.8M | $1.7M | ||
| Q1 24 | $6.8M | $-393.0K |
毛利率NLPDFS
| Q4 25 | 32.1% | 72.9% | ||
| Q3 25 | 27.6% | 72.3% | ||
| Q2 25 | 31.9% | 71.2% | ||
| Q1 25 | 30.2% | 72.9% | ||
| Q4 24 | 28.8% | 68.3% | ||
| Q3 24 | 28.1% | 73.1% | ||
| Q2 24 | 31.1% | 70.6% | ||
| Q1 24 | 25.5% | 67.3% |
营业利润率NLPDFS
| Q4 25 | 7.6% | 5.5% | ||
| Q3 25 | 4.6% | 8.5% | ||
| Q2 25 | 6.9% | 2.2% | ||
| Q1 25 | 7.8% | -7.4% | ||
| Q4 24 | 87.7% | 1.0% | ||
| Q3 24 | 6.0% | 4.6% | ||
| Q2 24 | 2.2% | 0.6% | ||
| Q1 24 | 3.6% | -4.7% |
净利率NLPDFS
| Q4 25 | -82.2% | -0.1% | ||
| Q3 25 | -19.7% | 2.3% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 1.7% | -6.3% | ||
| Q4 24 | 43.1% | 1.1% | ||
| Q3 24 | 107.0% | 4.8% | ||
| Q2 24 | 21.8% | 4.1% | ||
| Q1 24 | 18.0% | -1.0% |
每股收益（稀释后）NLPDFS
| Q4 25 | $-0.63 | $0.00 | ||
| Q3 25 | $-0.16 | $0.03 | ||
| Q2 25 | $0.01 | $0.03 | ||
| Q1 25 | $0.01 | $-0.08 | ||
| Q4 24 | $0.34 | $0.01 | ||
| Q3 24 | $0.74 | $0.06 | ||
| Q2 24 | $0.16 | $0.04 | ||
| Q1 24 | $0.14 | $-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 | $110.6M | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $358.8M | $271.0M |
| 总资产 | $464.2M | $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NLPDFS
| Q4 25 | $110.6M | $42.2M | ||
| Q3 25 | $101.9M | $35.9M | ||
| Q2 25 | $111.5M | $40.4M | ||
| Q1 25 | $110.0M | $54.1M | ||
| Q4 24 | $163.2M | $114.9M | ||
| Q3 24 | $146.0M | $120.2M | ||
| Q2 24 | $179.4M | $117.9M | ||
| Q1 24 | $167.9M | $122.9M |
总债务NLPDFS
| 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NLPDFS
| Q4 25 | $358.8M | $271.0M | ||
| Q3 25 | $375.4M | $264.4M | ||
| Q2 25 | $397.6M | $257.5M | ||
| Q1 25 | $397.6M | $249.0M | ||
| Q4 24 | $396.9M | $246.0M | ||
| Q3 24 | $386.0M | $240.5M | ||
| Q2 24 | $373.1M | $232.2M | ||
| Q1 24 | $368.1M | $225.4M |
总资产NLPDFS
| Q4 25 | $464.2M | $418.7M | ||
| Q3 25 | $500.2M | $406.4M | ||
| Q2 25 | $523.7M | $391.1M | ||
| Q1 25 | $520.0M | $390.0M | ||
| Q4 24 | $578.3M | $315.3M | ||
| Q3 24 | $585.6M | $307.4M | ||
| Q2 24 | $580.0M | $298.0M | ||
| Q1 24 | $568.8M | $286.8M |
负债/权益比NLPDFS
| 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 | $-4.2M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-4.7M | $7.5M |
| 自由现金流率自由现金流/营收 | -12.6% | 12.1% |
| 资本支出强度资本支出/营收 | 1.6% | 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 | $-40.1M | $-8.6M |
8季度趋势，按日历期对齐
经营现金流NLPDFS
| Q4 25 | $-4.2M | $17.3M | ||
| Q3 25 | $7.9M | $3.3M | ||
| Q2 25 | $7.3M | $-5.2M | ||
| Q1 25 | $-47.5M | $8.6M | ||
| Q4 24 | $9.0M | $1.6M | ||
| Q3 24 | $-5.7M | $9.3M | ||
| Q2 24 | $15.5M | $684.0K | ||
| Q1 24 | $6.7M | $-1.9M |
自由现金流NLPDFS
| Q4 25 | $-4.7M | $7.5M | ||
| Q3 25 | $7.0M | $-2.9M | ||
| Q2 25 | $5.9M | $-13.8M | ||
| Q1 25 | $-48.3M | $535.0K | ||
| Q4 24 | $8.7M | $-4.0M | ||
| Q3 24 | $-6.1M | $5.1M | ||
| Q2 24 | $15.1M | $-4.6M | ||
| Q1 24 | $6.4M | $-3.9M |
自由现金流率NLPDFS
| Q4 25 | -12.6% | 12.1% | ||
| Q3 25 | 17.4% | -5.1% | ||
| Q2 25 | 14.7% | -26.6% | ||
| Q1 25 | -119.9% | 1.1% | ||
| Q4 24 | 22.8% | -8.0% | ||
| Q3 24 | -18.3% | 11.0% | ||
| Q2 24 | 42.1% | -11.1% | ||
| Q1 24 | 17.0% | -9.4% |
资本支出强度NLPDFS
| Q4 25 | 1.6% | 15.7% | ||
| Q3 25 | 2.5% | 10.8% | ||
| Q2 25 | 3.3% | 16.5% | ||
| Q1 25 | 2.0% | 17.0% | ||
| Q4 24 | 0.6% | 11.3% | ||
| Q3 24 | 1.4% | 9.0% | ||
| Q2 24 | 1.2% | 12.8% | ||
| Q1 24 | 0.8% | 4.9% |
现金转化率NLPDFS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | 20.53× | -4.55× | ||
| Q1 25 | -71.18× | — | ||
| Q4 24 | 0.54× | 2.98× | ||
| Q3 24 | -0.16× | 4.20× | ||
| Q2 24 | 1.98× | 0.40× | ||
| Q1 24 | 0.99× | — |
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
NL
| Security Products | $29.5M | 78% |
| Marine Components | $8.2M | 22% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
