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PAMT CORP（PAMT）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
福尼克斯的季度营收约是PAMT CORP的1.5倍（$210.4M vs $141.3M），福尼克斯净利率更高（10.9% vs -20.7%，领先31.6%），福尼克斯同比增速更快（-5.5% vs -15.1%），福尼克斯自由现金流更多（$25.2M vs $-25.0M），过去两年福尼克斯的营收复合增速更高（-3.8% vs -12.0%）
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
PAMT vs PLAB — 直观对比
营收规模更大
PLAB
是对方的1.5倍
$141.3M
营收增速更快
PLAB
高出9.6%
-15.1%
净利率更高
PLAB
高出31.6%
-20.7%
自由现金流更多
PLAB
多$50.2M
$-25.0M
两年增速更快
PLAB
近两年复合增速
-12.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $141.3M | $210.4M |
| 净利润 | $-29.3M | $22.9M |
| 毛利率 | — | 33.7% |
| 营业利润率 | -27.0% | 22.9% |
| 净利率 | -20.7% | 10.9% |
| 营收同比 | -15.1% | -5.5% |
| 净利润同比 | 7.4% | -32.4% |
| 每股收益（稀释后） | $-1.38 | $0.39 |
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PAMTPLAB
| Q4 25 | $141.3M | — | ||
| Q3 25 | $150.3M | $210.4M | ||
| Q2 25 | $151.1M | $211.0M | ||
| Q1 25 | $155.3M | $212.1M | ||
| Q4 24 | $166.5M | $222.6M | ||
| Q3 24 | $182.6M | $211.0M | ||
| Q2 24 | $182.9M | $217.0M | ||
| Q1 24 | $182.6M | $216.3M |
净利润PAMTPLAB
| Q4 25 | $-29.3M | — | ||
| Q3 25 | $-5.6M | $22.9M | ||
| Q2 25 | $-9.6M | $8.9M | ||
| Q1 25 | $-8.1M | $42.9M | ||
| Q4 24 | $-31.6M | $33.9M | ||
| Q3 24 | $2.4M | $34.4M | ||
| Q2 24 | $-2.9M | $36.3M | ||
| Q1 24 | $281.0K | $26.2M |
毛利率PAMTPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% |
营业利润率PAMTPLAB
| Q4 25 | -27.0% | — | ||
| Q3 25 | -3.8% | 22.9% | ||
| Q2 25 | -7.3% | 26.4% | ||
| Q1 25 | -5.9% | 24.6% | ||
| Q4 24 | -22.6% | 25.1% | ||
| Q3 24 | 1.3% | 24.7% | ||
| Q2 24 | -0.4% | 25.8% | ||
| Q1 24 | -0.4% | 26.6% |
净利率PAMTPLAB
| Q4 25 | -20.7% | — | ||
| Q3 25 | -3.7% | 10.9% | ||
| Q2 25 | -6.4% | 4.2% | ||
| Q1 25 | -5.2% | 20.2% | ||
| Q4 24 | -19.0% | 15.2% | ||
| Q3 24 | 1.3% | 16.3% | ||
| Q2 24 | -1.6% | 16.7% | ||
| Q1 24 | 0.2% | 12.1% |
每股收益（稀释后）PAMTPLAB
| Q4 25 | $-1.38 | — | ||
| Q3 25 | $-0.27 | $0.39 | ||
| Q2 25 | $-0.46 | $0.15 | ||
| Q1 25 | $-0.37 | $0.68 | ||
| Q4 24 | $-1.44 | $0.54 | ||
| Q3 24 | $0.11 | $0.55 | ||
| Q2 24 | $-0.13 | $0.58 | ||
| Q1 24 | $0.01 | $0.42 |
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 | $83.7M | $575.8M |
| 总债务越低越好 | $333.9M | $16.0K |
| 股东权益账面价值 | $210.5M | $1.1B |
| 总资产 | $697.9M | $1.8B |
| 负债/权益比越低杠杆越低 | 1.59× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资PAMTPLAB
| Q4 25 | $83.7M | — | ||
| Q3 25 | $115.6M | $575.8M | ||
| Q2 25 | $117.3M | $558.4M | ||
| Q1 25 | $102.7M | $642.2M | ||
| Q4 24 | $110.7M | $640.7M | ||
| Q3 24 | $92.3M | $606.4M | ||
| Q2 24 | $114.0M | $559.9M | ||
| Q1 24 | $125.8M | $521.5M |
总债务PAMTPLAB
| Q4 25 | $333.9M | — | ||
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | $325.6M | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M |
股东权益PAMTPLAB
| Q4 25 | $210.5M | — | ||
| Q3 25 | $239.5M | $1.1B | ||
| Q2 25 | $244.9M | $1.1B | ||
| Q1 25 | $269.6M | $1.1B | ||
| Q4 24 | $277.5M | $1.1B | ||
| Q3 24 | $308.9M | $1.1B | ||
| Q2 24 | $306.7M | $1.0B | ||
| Q1 24 | $314.6M | $1.0B |
总资产PAMTPLAB
| Q4 25 | $697.9M | — | ||
| Q3 25 | $715.2M | $1.8B | ||
| Q2 25 | $707.9M | $1.7B | ||
| Q1 25 | $712.6M | $1.7B | ||
| Q4 24 | $741.7M | $1.7B | ||
| Q3 24 | $756.7M | $1.6B | ||
| Q2 24 | $733.5M | $1.6B | ||
| Q1 24 | $746.4M | $1.6B |
负债/权益比PAMTPLAB
| Q4 25 | 1.59× | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 1.17× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-5.8M | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $-25.0M | $25.2M |
| 自由现金流率自由现金流/营收 | -17.7% | 12.0% |
| 资本支出强度资本支出/营收 | 13.6% | 11.8% |
| 现金转化率经营现金流/净利润 | — | 2.19× |
| 过去12个月自由现金流最近4个季度 | $-23.4M | $64.5M |
8季度趋势，按日历期对齐
经营现金流PAMTPLAB
| Q4 25 | $-5.8M | — | ||
| Q3 25 | $5.9M | $50.1M | ||
| Q2 25 | $12.2M | $31.5M | ||
| Q1 25 | $5.0M | $78.5M | ||
| Q4 24 | $15.2M | $68.4M | ||
| Q3 24 | $15.5M | $75.1M | ||
| Q2 24 | $18.7M | $76.5M | ||
| Q1 24 | $9.6M | $41.5M |
自由现金流PAMTPLAB
| Q4 25 | $-25.0M | — | ||
| Q3 25 | $2.5M | $25.2M | ||
| Q2 25 | $5.9M | $-29.1M | ||
| Q1 25 | $-6.8M | $43.3M | ||
| Q4 24 | $-39.9M | $25.2M | ||
| Q3 24 | $-33.6M | $50.7M | ||
| Q2 24 | $4.1M | $56.5M | ||
| Q1 24 | $-12.2M | $-1.8M |
自由现金流率PAMTPLAB
| Q4 25 | -17.7% | — | ||
| Q3 25 | 1.7% | 12.0% | ||
| Q2 25 | 3.9% | -13.8% | ||
| Q1 25 | -4.4% | 20.4% | ||
| Q4 24 | -24.0% | 11.3% | ||
| Q3 24 | -18.4% | 24.0% | ||
| Q2 24 | 2.2% | 26.0% | ||
| Q1 24 | -6.7% | -0.8% |
资本支出强度PAMTPLAB
| Q4 25 | 13.6% | — | ||
| Q3 25 | 2.3% | 11.8% | ||
| Q2 25 | 4.2% | 28.7% | ||
| Q1 25 | 7.6% | 16.6% | ||
| Q4 24 | 33.1% | 19.4% | ||
| Q3 24 | 26.9% | 11.6% | ||
| Q2 24 | 8.0% | 9.2% | ||
| Q1 24 | 12.0% | 20.0% |
现金转化率PAMTPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 6.44× | 2.18× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | 34.11× | 1.59× |
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
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
