vs
PDF SOLUTIONS INC（PDFS）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
RE/MAX Holdings, Inc.的季度营收约是PDF SOLUTIONS INC的1.1倍（$71.1M vs $62.4M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -0.1%，领先2.1%），PDF SOLUTIONS INC同比增速更快（24.6% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $7.5M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs -4.7%）
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。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
PDFS vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.1倍
$62.4M
营收增速更快
PDFS
高出26.4%
-1.8%
净利率更高
RMAX
高出2.1%
-0.1%
自由现金流更多
RMAX
多$26.0M
$7.5M
两年增速更快
PDFS
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $71.1M |
| 净利润 | $-48.0K | $1.4M |
| 毛利率 | 72.9% | — |
| 营业利润率 | 5.5% | 13.1% |
| 净利率 | -0.1% | 2.0% |
| 营收同比 | 24.6% | -1.8% |
| 净利润同比 | -108.9% | -75.2% |
| 每股收益（稀释后） | $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PDFSRMAX
| Q4 25 | $62.4M | $71.1M | ||
| Q3 25 | $57.1M | $73.2M | ||
| Q2 25 | $51.7M | $72.8M | ||
| Q1 25 | $47.8M | $74.5M | ||
| Q4 24 | $50.1M | $72.5M | ||
| Q3 24 | $46.4M | $78.5M | ||
| Q2 24 | $41.7M | $78.5M | ||
| Q1 24 | $41.3M | $78.3M |
净利润PDFSRMAX
| Q4 25 | $-48.0K | $1.4M | ||
| Q3 25 | $1.3M | $4.0M | ||
| Q2 25 | $1.1M | $4.7M | ||
| Q1 25 | $-3.0M | $-2.0M | ||
| Q4 24 | $539.0K | $5.8M | ||
| Q3 24 | $2.2M | $966.0K | ||
| Q2 24 | $1.7M | $3.7M | ||
| Q1 24 | $-393.0K | $-3.4M |
毛利率PDFSRMAX
| 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PDFSRMAX
| Q4 25 | 5.5% | 13.1% | ||
| Q3 25 | 8.5% | 25.0% | ||
| Q2 25 | 2.2% | 19.3% | ||
| Q1 25 | -7.4% | 7.2% | ||
| Q4 24 | 1.0% | 5.9% | ||
| Q3 24 | 4.6% | 19.4% | ||
| Q2 24 | 0.6% | 20.6% | ||
| Q1 24 | -4.7% | 5.8% |
净利率PDFSRMAX
| Q4 25 | -0.1% | 2.0% | ||
| Q3 25 | 2.3% | 5.4% | ||
| Q2 25 | 2.2% | 6.4% | ||
| Q1 25 | -6.3% | -2.6% | ||
| Q4 24 | 1.1% | 8.0% | ||
| Q3 24 | 4.8% | 1.2% | ||
| Q2 24 | 4.1% | 4.7% | ||
| Q1 24 | -1.0% | -4.3% |
每股收益（稀释后）PDFSRMAX
| Q4 25 | $0.00 | — | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $-0.08 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.06 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-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 | $42.2M | $118.7M |
| 总债务越低越好 | $67.0M | $432.2M |
| 股东权益账面价值 | $271.0M | $452.4M |
| 总资产 | $418.7M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.25× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资PDFSRMAX
| Q4 25 | $42.2M | $118.7M | ||
| Q3 25 | $35.9M | $107.5M | ||
| Q2 25 | $40.4M | $94.3M | ||
| Q1 25 | $54.1M | $89.1M | ||
| Q4 24 | $114.9M | $96.6M | ||
| Q3 24 | $120.2M | $83.8M | ||
| Q2 24 | $117.9M | $66.1M | ||
| Q1 24 | $122.9M | $82.1M |
总债务PDFSRMAX
| Q4 25 | $67.0M | $432.2M | ||
| Q3 25 | $67.6M | $433.3M | ||
| Q2 25 | $68.1M | $434.4M | ||
| Q1 25 | $68.7M | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益PDFSRMAX
| Q4 25 | $271.0M | $452.4M | ||
| Q3 25 | $264.4M | $448.1M | ||
| Q2 25 | $257.5M | $442.4M | ||
| Q1 25 | $249.0M | $433.5M | ||
| Q4 24 | $246.0M | $429.5M | ||
| Q3 24 | $240.5M | $423.1M | ||
| Q2 24 | $232.2M | $418.4M | ||
| Q1 24 | $225.4M | $412.0M |
总资产PDFSRMAX
| Q4 25 | $418.7M | $582.5M | ||
| Q3 25 | $406.4M | $582.2M | ||
| Q2 25 | $391.1M | $574.8M | ||
| Q1 25 | $390.0M | $571.4M | ||
| Q4 24 | $315.3M | $581.6M | ||
| Q3 24 | $307.4M | $578.6M | ||
| Q2 24 | $298.0M | $571.4M | ||
| Q1 24 | $286.8M | $566.7M |
负债/权益比PDFSRMAX
| Q4 25 | 0.25× | 0.96× | ||
| Q3 25 | 0.26× | 0.97× | ||
| Q2 25 | 0.26× | 0.98× | ||
| Q1 25 | 0.28× | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $7.5M | $33.5M |
| 自由现金流率自由现金流/营收 | 12.1% | 47.1% |
| 资本支出强度资本支出/营收 | 15.7% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $-8.6M | $56.8M |
8季度趋势，按日历期对齐
经营现金流PDFSRMAX
| Q4 25 | $17.3M | $40.9M | ||
| Q3 25 | $3.3M | $17.7M | ||
| Q2 25 | $-5.2M | $4.6M | ||
| Q1 25 | $8.6M | $5.7M | ||
| Q4 24 | $1.6M | $59.7M | ||
| Q3 24 | $9.3M | $17.6M | ||
| Q2 24 | $684.0K | $15.9M | ||
| Q1 24 | $-1.9M | $9.4M |
自由现金流PDFSRMAX
| Q4 25 | $7.5M | $33.5M | ||
| Q3 25 | $-2.9M | $16.4M | ||
| Q2 25 | $-13.8M | $2.9M | ||
| Q1 25 | $535.0K | $4.0M | ||
| Q4 24 | $-4.0M | $53.0M | ||
| Q3 24 | $5.1M | $16.3M | ||
| Q2 24 | $-4.6M | $14.0M | ||
| Q1 24 | $-3.9M | $6.8M |
自由现金流率PDFSRMAX
| Q4 25 | 12.1% | 47.1% | ||
| Q3 25 | -5.1% | 22.4% | ||
| Q2 25 | -26.6% | 4.0% | ||
| Q1 25 | 1.1% | 5.3% | ||
| Q4 24 | -8.0% | 73.2% | ||
| Q3 24 | 11.0% | 20.8% | ||
| Q2 24 | -11.1% | 17.8% | ||
| Q1 24 | -9.4% | 8.6% |
资本支出强度PDFSRMAX
| Q4 25 | 15.7% | 10.4% | ||
| Q3 25 | 10.8% | 1.8% | ||
| Q2 25 | 16.5% | 2.2% | ||
| Q1 25 | 17.0% | 2.3% | ||
| Q4 24 | 11.3% | 9.1% | ||
| Q3 24 | 9.0% | 1.7% | ||
| Q2 24 | 12.8% | 2.4% | ||
| Q1 24 | 4.9% | 3.3% |
现金转化率PDFSRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 2.54× | 4.45× | ||
| Q2 25 | -4.55× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.98× | 10.28× | ||
| Q3 24 | 4.20× | 18.22× | ||
| Q2 24 | 0.40× | 4.29× | ||
| 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
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
