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PDF SOLUTIONS INC（PDFS）与PennyMac Mortgage Investment Trust（PMT）财务数据对比。点击上方公司名可切换其他公司
PennyMac Mortgage Investment Trust的季度营收约是PDF SOLUTIONS INC的1.5倍（$93.6M vs $62.4M），PennyMac Mortgage Investment Trust净利率更高（56.0% vs -0.1%，领先56.0%），PDF SOLUTIONS INC同比增速更快（24.6% vs -13.3%），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 12.3%）
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。
PennyMac Mortgage Investment Trust是总部位于美国的房地产投资信托，专注于住宅抵押贷款相关资产，主要投资履约及违约抵押贷款、住宅抵押贷款支持证券和信用风险转移工具，业务覆盖美国住房市场的投资管理与抵押贷款服务板块。
PDFS vs PMT — 直观对比
营收规模更大
PMT
是对方的1.5倍
$62.4M
营收增速更快
PDFS
高出37.9%
-13.3%
净利率更高
PMT
高出56.0%
-0.1%
两年增速更快
PDFS
近两年复合增速
12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $93.6M |
| 净利润 | $-48.0K | $52.4M |
| 毛利率 | 72.9% | — |
| 营业利润率 | 5.5% | 38.6% |
| 净利率 | -0.1% | 56.0% |
| 营收同比 | 24.6% | -13.3% |
| 净利润同比 | -108.9% | 12.5% |
| 每股收益（稀释后） | $0.00 | $0.49 |
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PDFSPMT
| Q4 25 | $62.4M | $93.6M | ||
| Q3 25 | $57.1M | $99.2M | ||
| Q2 25 | $51.7M | $70.2M | ||
| Q1 25 | $47.8M | $44.5M | ||
| Q4 24 | $50.1M | $107.9M | ||
| Q3 24 | $46.4M | $80.9M | ||
| Q2 24 | $41.7M | $71.2M | ||
| Q1 24 | $41.3M | $74.2M |
净利润PDFSPMT
| Q4 25 | $-48.0K | $52.4M | ||
| Q3 25 | $1.3M | $58.3M | ||
| Q2 25 | $1.1M | $7.5M | ||
| Q1 25 | $-3.0M | $9.7M | ||
| Q4 24 | $539.0K | $46.5M | ||
| Q3 24 | $2.2M | $41.4M | ||
| Q2 24 | $1.7M | $25.4M | ||
| Q1 24 | $-393.0K | $47.6M |
毛利率PDFSPMT
| 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PDFSPMT
| Q4 25 | 5.5% | 38.6% | ||
| Q3 25 | 8.5% | 47.4% | ||
| Q2 25 | 2.2% | 24.2% | ||
| Q1 25 | -7.4% | -14.2% | ||
| Q4 24 | 1.0% | 51.1% | ||
| Q3 24 | 4.6% | 32.8% | ||
| Q2 24 | 0.6% | 40.2% | ||
| Q1 24 | -4.7% | 43.6% |
净利率PDFSPMT
| Q4 25 | -0.1% | 56.0% | ||
| Q3 25 | 2.3% | 58.7% | ||
| Q2 25 | 2.2% | 10.7% | ||
| Q1 25 | -6.3% | 21.8% | ||
| Q4 24 | 1.1% | 43.1% | ||
| Q3 24 | 4.8% | 51.2% | ||
| Q2 24 | 4.1% | 35.7% | ||
| Q1 24 | -1.0% | 64.2% |
每股收益（稀释后）PDFSPMT
| Q4 25 | $0.00 | $0.49 | ||
| Q3 25 | $0.03 | $0.55 | ||
| Q2 25 | $0.03 | $-0.04 | ||
| Q1 25 | $-0.08 | $-0.01 | ||
| Q4 24 | $0.01 | $0.45 | ||
| Q3 24 | $0.06 | $0.36 | ||
| Q2 24 | $0.04 | $0.17 | ||
| Q1 24 | $-0.01 | $0.39 |
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 | $42.2M | $190.5M |
| 总债务越低越好 | $67.0M | $1.1B |
| 股东权益账面价值 | $271.0M | $1.9B |
| 总资产 | $418.7M | $21.3B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资PDFSPMT
| Q4 25 | $42.2M | $190.5M | ||
| Q3 25 | $35.9M | $181.0M | ||
| Q2 25 | $40.4M | $108.6M | ||
| Q1 25 | $54.1M | $204.2M | ||
| Q4 24 | $114.9M | $103.2M | ||
| Q3 24 | $120.2M | $102.8M | ||
| Q2 24 | $117.9M | $336.3M | ||
| Q1 24 | $122.9M | $343.3M |
总债务PDFSPMT
| Q4 25 | $67.0M | $1.1B | ||
| Q3 25 | $67.6M | $299.0M | ||
| Q2 25 | $68.1M | $1.2B | ||
| Q1 25 | $68.7M | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
股东权益PDFSPMT
| Q4 25 | $271.0M | $1.9B | ||
| Q3 25 | $264.4M | $1.9B | ||
| Q2 25 | $257.5M | $1.9B | ||
| Q1 25 | $249.0M | $1.9B | ||
| Q4 24 | $246.0M | $1.9B | ||
| Q3 24 | $240.5M | $1.9B | ||
| Q2 24 | $232.2M | $1.9B | ||
| Q1 24 | $225.4M | $2.0B |
总资产PDFSPMT
| Q4 25 | $418.7M | $21.3B | ||
| Q3 25 | $406.4M | $18.5B | ||
| Q2 25 | $391.1M | $16.8B | ||
| Q1 25 | $390.0M | $14.9B | ||
| Q4 24 | $315.3M | $14.4B | ||
| Q3 24 | $307.4M | $13.1B | ||
| Q2 24 | $298.0M | $12.1B | ||
| Q1 24 | $286.8M | $12.3B |
负债/权益比PDFSPMT
| Q4 25 | 0.25× | 0.58× | ||
| Q3 25 | 0.26× | 0.16× | ||
| Q2 25 | 0.26× | 0.65× | ||
| Q1 25 | 0.28× | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $17.3M | $-7.2B |
| 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 | — | -137.76× |
| 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PDFSPMT
| Q4 25 | $17.3M | $-7.2B | ||
| Q3 25 | $3.3M | $-1.3B | ||
| Q2 25 | $-5.2M | $-2.0B | ||
| Q1 25 | $8.6M | $-594.3M | ||
| Q4 24 | $1.6M | $-2.7B | ||
| Q3 24 | $9.3M | $-983.8M | ||
| Q2 24 | $684.0K | $243.8M | ||
| Q1 24 | $-1.9M | $-342.4M |
自由现金流PDFSPMT
| 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PDFSPMT
| 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PDFSPMT
| 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PDFSPMT
| Q4 25 | — | -137.76× | ||
| Q3 25 | 2.54× | -22.26× | ||
| Q2 25 | -4.55× | -267.53× | ||
| Q1 25 | — | -61.39× | ||
| Q4 24 | 2.98× | -58.08× | ||
| Q3 24 | 4.20× | -23.76× | ||
| Q2 24 | 0.40× | 9.59× | ||
| Q1 24 | — | -7.19× |
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
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
