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PDF SOLUTIONS INC（PDFS）与P10, Inc.（PX）财务数据对比。点击上方公司名可切换其他公司
P10, Inc.的季度营收约是PDF SOLUTIONS INC的1.3倍（$81.0M vs $62.4M），P10, Inc.净利率更高（11.7% vs -0.1%，领先11.7%），PDF SOLUTIONS INC同比增速更快（24.6% vs -4.7%），P10, Inc.自由现金流更多（$18.1M vs $7.5M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 10.7%）
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。
P10, Inc.是一家全球另类资产管理公司，提供涵盖私募股权、私募信贷、实物资产、风险投资的多元化投资解决方案，主要服务北美、欧洲、亚太市场的养老基金、捐赠基金、基金会及高净值个人等客户群体。
PDFS vs PX — 直观对比
营收规模更大
PX
是对方的1.3倍
$62.4M
营收增速更快
PDFS
高出29.3%
-4.7%
净利率更高
PX
高出11.7%
-0.1%
自由现金流更多
PX
多$10.6M
$7.5M
两年增速更快
PDFS
近两年复合增速
10.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $81.0M |
| 净利润 | $-48.0K | $9.5M |
| 毛利率 | 72.9% | — |
| 营业利润率 | 5.5% | 31.9% |
| 净利率 | -0.1% | 11.7% |
| 营收同比 | 24.6% | -4.7% |
| 净利润同比 | -108.9% | 79.0% |
| 每股收益（稀释后） | $0.00 | $0.08 |
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PDFSPX
| Q4 25 | $62.4M | $81.0M | ||
| Q3 25 | $57.1M | $75.9M | ||
| Q2 25 | $51.7M | $72.7M | ||
| Q1 25 | $47.8M | $67.7M | ||
| Q4 24 | $50.1M | $85.0M | ||
| Q3 24 | $46.4M | $74.2M | ||
| Q2 24 | $41.7M | $71.1M | ||
| Q1 24 | $41.3M | $66.1M |
净利润PDFSPX
| Q4 25 | $-48.0K | $9.5M | ||
| Q3 25 | $1.3M | $2.1M | ||
| Q2 25 | $1.1M | $3.4M | ||
| Q1 25 | $-3.0M | $4.5M | ||
| Q4 24 | $539.0K | $5.3M | ||
| Q3 24 | $2.2M | $1.4M | ||
| Q2 24 | $1.7M | $7.0M | ||
| Q1 24 | $-393.0K | $5.0M |
毛利率PDFSPX
| 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PDFSPX
| Q4 25 | 5.5% | 31.9% | ||
| Q3 25 | 8.5% | 14.1% | ||
| Q2 25 | 2.2% | 24.4% | ||
| Q1 25 | -7.4% | 16.6% | ||
| Q4 24 | 1.0% | 26.9% | ||
| Q3 24 | 4.6% | 11.9% | ||
| Q2 24 | 0.6% | 23.7% | ||
| Q1 24 | -4.7% | 18.3% |
净利率PDFSPX
| Q4 25 | -0.1% | 11.7% | ||
| Q3 25 | 2.3% | 2.8% | ||
| Q2 25 | 2.2% | 4.7% | ||
| Q1 25 | -6.3% | 6.7% | ||
| Q4 24 | 1.1% | 6.2% | ||
| Q3 24 | 4.8% | 1.9% | ||
| Q2 24 | 4.1% | 9.8% | ||
| Q1 24 | -1.0% | 7.6% |
每股收益（稀释后）PDFSPX
| Q4 25 | $0.00 | $0.08 | ||
| Q3 25 | $0.03 | $0.02 | ||
| Q2 25 | $0.03 | $0.03 | ||
| Q1 25 | $-0.08 | $0.04 | ||
| Q4 24 | $0.01 | $0.05 | ||
| Q3 24 | $0.06 | $0.01 | ||
| Q2 24 | $0.04 | $0.06 | ||
| Q1 24 | $-0.01 | $0.04 |
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 | $28.2M |
| 总债务越低越好 | $67.0M | $373.2M |
| 股东权益账面价值 | $271.0M | $403.5M |
| 总资产 | $418.7M | $928.3M |
| 负债/权益比越低杠杆越低 | 0.25× | 0.93× |
8季度趋势，按日历期对齐
现金及短期投资PDFSPX
| Q4 25 | $42.2M | $28.2M | ||
| Q3 25 | $35.9M | $40.0M | ||
| Q2 25 | $40.4M | $33.4M | ||
| Q1 25 | $54.1M | $74.4M | ||
| Q4 24 | $114.9M | $67.5M | ||
| Q3 24 | $120.2M | $61.5M | ||
| Q2 24 | $117.9M | $31.2M | ||
| Q1 24 | $122.9M | $29.0M |
总债务PDFSPX
| Q4 25 | $67.0M | $373.2M | ||
| Q3 25 | $67.6M | $393.4M | ||
| Q2 25 | $68.1M | $373.0M | ||
| Q1 25 | $68.7M | $357.2M | ||
| Q4 24 | — | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
股东权益PDFSPX
| Q4 25 | $271.0M | $403.5M | ||
| Q3 25 | $264.4M | $396.8M | ||
| Q2 25 | $257.5M | $388.9M | ||
| Q1 25 | $249.0M | $374.3M | ||
| Q4 24 | $246.0M | $386.9M | ||
| Q3 24 | $240.5M | $394.1M | ||
| Q2 24 | $232.2M | $396.9M | ||
| Q1 24 | $225.4M | $400.1M |
总资产PDFSPX
| Q4 25 | $418.7M | $928.3M | ||
| Q3 25 | $406.4M | $936.0M | ||
| Q2 25 | $391.1M | $932.2M | ||
| Q1 25 | $390.0M | $877.4M | ||
| Q4 24 | $315.3M | $869.3M | ||
| Q3 24 | $307.4M | $857.0M | ||
| Q2 24 | $298.0M | $823.2M | ||
| Q1 24 | $286.8M | $832.8M |
负债/权益比PDFSPX
| Q4 25 | 0.25× | 0.93× | ||
| Q3 25 | 0.26× | 0.99× | ||
| Q2 25 | 0.26× | 0.96× | ||
| Q1 25 | 0.28× | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $23.0M |
| 自由现金流经营现金流 - 资本支出 | $7.5M | $18.1M |
| 自由现金流率自由现金流/营收 | 12.1% | 22.3% |
| 资本支出强度资本支出/营收 | 15.7% | 6.0% |
| 现金转化率经营现金流/净利润 | — | 2.43× |
| 过去12个月自由现金流最近4个季度 | $-8.6M | $14.1M |
8季度趋势，按日历期对齐
经营现金流PDFSPX
| Q4 25 | $17.3M | $23.0M | ||
| Q3 25 | $3.3M | $-8.6M | ||
| Q2 25 | $-5.2M | $13.4M | ||
| Q1 25 | $8.6M | $-4.7M | ||
| Q4 24 | $1.6M | $101.0M | ||
| Q3 24 | $9.3M | $27.5M | ||
| Q2 24 | $684.0K | $34.8M | ||
| Q1 24 | $-1.9M | $11.0M |
自由现金流PDFSPX
| Q4 25 | $7.5M | $18.1M | ||
| Q3 25 | $-2.9M | $-9.5M | ||
| Q2 25 | $-13.8M | $11.6M | ||
| Q1 25 | $535.0K | $-6.0M | ||
| Q4 24 | $-4.0M | $96.6M | ||
| Q3 24 | $5.1M | $25.2M | ||
| Q2 24 | $-4.6M | $33.9M | ||
| Q1 24 | $-3.9M | $10.7M |
自由现金流率PDFSPX
| Q4 25 | 12.1% | 22.3% | ||
| Q3 25 | -5.1% | -12.6% | ||
| Q2 25 | -26.6% | 15.9% | ||
| Q1 25 | 1.1% | -8.9% | ||
| Q4 24 | -8.0% | 113.6% | ||
| Q3 24 | 11.0% | 34.0% | ||
| Q2 24 | -11.1% | 47.7% | ||
| Q1 24 | -9.4% | 16.2% |
资本支出强度PDFSPX
| Q4 25 | 15.7% | 6.0% | ||
| Q3 25 | 10.8% | 1.2% | ||
| Q2 25 | 16.5% | 2.5% | ||
| Q1 25 | 17.0% | 1.9% | ||
| Q4 24 | 11.3% | 5.2% | ||
| Q3 24 | 9.0% | 3.0% | ||
| Q2 24 | 12.8% | 1.3% | ||
| Q1 24 | 4.9% | 0.4% |
现金转化率PDFSPX
| Q4 25 | — | 2.43× | ||
| Q3 25 | 2.54× | -4.01× | ||
| Q2 25 | -4.55× | 3.96× | ||
| Q1 25 | — | -1.05× | ||
| Q4 24 | 2.98× | 19.12× | ||
| Q3 24 | 4.20× | 19.54× | ||
| Q2 24 | 0.40× | 4.98× | ||
| Q1 24 | — | 2.18× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
