vs
PDF SOLUTIONS INC（PDFS）与Reservoir Media, Inc.（RSVR）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Reservoir Media, Inc.的1.4倍（$62.4M vs $45.6M），Reservoir Media, Inc.净利率更高（4.8% vs -0.1%，领先4.9%），PDF SOLUTIONS INC同比增速更快（24.6% vs 7.7%），Reservoir Media, Inc.自由现金流更多（$12.8M vs $7.5M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 7.9%）
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。
Reservoir Media是全球领先的独立音乐版权管理企业，拥有并管理海量录音、音乐出版及邻接权版权库，合作各流派知名词曲作者、歌手与制作人，为流媒体平台、影视制作、广告、现场演出等场景提供版权授权服务，业务覆盖北美、欧洲、亚太等主要市场。
PDFS vs RSVR — 直观对比
营收规模更大
PDFS
是对方的1.4倍
$45.6M
营收增速更快
PDFS
高出16.9%
7.7%
净利率更高
RSVR
高出4.9%
-0.1%
自由现金流更多
RSVR
多$5.2M
$7.5M
两年增速更快
PDFS
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $45.6M |
| 净利润 | $-48.0K | $2.2M |
| 毛利率 | 72.9% | 64.5% |
| 营业利润率 | 5.5% | 22.7% |
| 净利率 | -0.1% | 4.8% |
| 营收同比 | 24.6% | 7.7% |
| 净利润同比 | -108.9% | -58.1% |
| 每股收益（稀释后） | $0.00 | $0.03 |
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PDFSRSVR
| Q4 25 | $62.4M | $45.6M | ||
| Q3 25 | $57.1M | $45.4M | ||
| Q2 25 | $51.7M | $37.2M | ||
| Q1 25 | $47.8M | $41.4M | ||
| Q4 24 | $50.1M | $42.3M | ||
| Q3 24 | $46.4M | $40.7M | ||
| Q2 24 | $41.7M | $34.3M | ||
| Q1 24 | $41.3M | $39.1M |
净利润PDFSRSVR
| Q4 25 | $-48.0K | $2.2M | ||
| Q3 25 | $1.3M | $2.3M | ||
| Q2 25 | $1.1M | $-555.7K | ||
| Q1 25 | $-3.0M | $2.7M | ||
| Q4 24 | $539.0K | $5.2M | ||
| Q3 24 | $2.2M | $185.0K | ||
| Q2 24 | $1.7M | $-346.7K | ||
| Q1 24 | $-393.0K | $2.8M |
毛利率PDFSRSVR
| Q4 25 | 72.9% | 64.5% | ||
| Q3 25 | 72.3% | 63.6% | ||
| Q2 25 | 71.2% | 64.5% | ||
| Q1 25 | 72.9% | 65.6% | ||
| Q4 24 | 68.3% | 64.4% | ||
| Q3 24 | 73.1% | 63.5% | ||
| Q2 24 | 70.6% | 61.3% | ||
| Q1 24 | 67.3% | 63.4% |
营业利润率PDFSRSVR
| Q4 25 | 5.5% | 22.7% | ||
| Q3 25 | 8.5% | 23.5% | ||
| Q2 25 | 2.2% | 14.7% | ||
| Q1 25 | -7.4% | 25.2% | ||
| Q4 24 | 1.0% | 22.6% | ||
| Q3 24 | 4.6% | 24.9% | ||
| Q2 24 | 0.6% | 14.5% | ||
| Q1 24 | -4.7% | 22.4% |
净利率PDFSRSVR
| Q4 25 | -0.1% | 4.8% | ||
| Q3 25 | 2.3% | 5.0% | ||
| Q2 25 | 2.2% | -1.5% | ||
| Q1 25 | -6.3% | 6.4% | ||
| Q4 24 | 1.1% | 12.4% | ||
| Q3 24 | 4.8% | 0.5% | ||
| Q2 24 | 4.1% | -1.0% | ||
| Q1 24 | -1.0% | 7.1% |
每股收益（稀释后）PDFSRSVR
| Q4 25 | $0.00 | $0.03 | ||
| Q3 25 | $0.03 | $0.03 | ||
| Q2 25 | $0.03 | $-0.01 | ||
| Q1 25 | $-0.08 | — | ||
| Q4 24 | $0.01 | $0.08 | ||
| Q3 24 | $0.06 | — | ||
| Q2 24 | $0.04 | $-0.01 | ||
| 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 | $20.6M |
| 总债务越低越好 | $67.0M | — |
| 股东权益账面价值 | $271.0M | $373.6M |
| 总资产 | $418.7M | $941.9M |
| 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PDFSRSVR
| Q4 25 | $42.2M | $20.6M | ||
| Q3 25 | $35.9M | $27.9M | ||
| Q2 25 | $40.4M | $14.9M | ||
| Q1 25 | $54.1M | $21.4M | ||
| Q4 24 | $114.9M | $17.8M | ||
| Q3 24 | $120.2M | $21.1M | ||
| Q2 24 | $117.9M | $16.4M | ||
| Q1 24 | $122.9M | $18.1M |
总债务PDFSRSVR
| 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PDFSRSVR
| Q4 25 | $271.0M | $373.6M | ||
| Q3 25 | $264.4M | $370.9M | ||
| Q2 25 | $257.5M | $368.9M | ||
| Q1 25 | $249.0M | $364.9M | ||
| Q4 24 | $246.0M | $359.5M | ||
| Q3 24 | $240.5M | $357.9M | ||
| Q2 24 | $232.2M | $353.0M | ||
| Q1 24 | $225.4M | $353.0M |
总资产PDFSRSVR
| Q4 25 | $418.7M | $941.9M | ||
| Q3 25 | $406.4M | $903.5M | ||
| Q2 25 | $391.1M | $857.0M | ||
| Q1 25 | $390.0M | $865.1M | ||
| Q4 24 | $315.3M | $832.4M | ||
| Q3 24 | $307.4M | $778.2M | ||
| Q2 24 | $298.0M | $768.2M | ||
| Q1 24 | $286.8M | $783.5M |
负债/权益比PDFSRSVR
| 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 | $17.3M | $12.9M |
| 自由现金流经营现金流 - 资本支出 | $7.5M | $12.8M |
| 自由现金流率自由现金流/营收 | 12.1% | 28.1% |
| 资本支出强度资本支出/营收 | 15.7% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 5.89× |
| 过去12个月自由现金流最近4个季度 | $-8.6M | $50.1M |
8季度趋势，按日历期对齐
经营现金流PDFSRSVR
| Q4 25 | $17.3M | $12.9M | ||
| Q3 25 | $3.3M | $19.3M | ||
| Q2 25 | $-5.2M | $6.0M | ||
| Q1 25 | $8.6M | $12.2M | ||
| Q4 24 | $1.6M | $11.2M | ||
| Q3 24 | $9.3M | $13.3M | ||
| Q2 24 | $684.0K | $8.6M | ||
| Q1 24 | $-1.9M | $13.8M |
自由现金流PDFSRSVR
| Q4 25 | $7.5M | $12.8M | ||
| Q3 25 | $-2.9M | $19.2M | ||
| Q2 25 | $-13.8M | $6.0M | ||
| Q1 25 | $535.0K | $12.2M | ||
| Q4 24 | $-4.0M | $11.2M | ||
| Q3 24 | $5.1M | $13.3M | ||
| Q2 24 | $-4.6M | $8.5M | ||
| Q1 24 | $-3.9M | $13.8M |
自由现金流率PDFSRSVR
| Q4 25 | 12.1% | 28.1% | ||
| Q3 25 | -5.1% | 42.2% | ||
| Q2 25 | -26.6% | 16.1% | ||
| Q1 25 | 1.1% | 29.3% | ||
| Q4 24 | -8.0% | 26.5% | ||
| Q3 24 | 11.0% | 32.7% | ||
| Q2 24 | -11.1% | 24.9% | ||
| Q1 24 | -9.4% | 35.2% |
资本支出强度PDFSRSVR
| Q4 25 | 15.7% | 0.3% | ||
| Q3 25 | 10.8% | 0.3% | ||
| Q2 25 | 16.5% | 0.1% | ||
| Q1 25 | 17.0% | 0.1% | ||
| Q4 24 | 11.3% | 0.0% | ||
| Q3 24 | 9.0% | 0.1% | ||
| Q2 24 | 12.8% | 0.1% | ||
| Q1 24 | 4.9% | 0.0% |
现金转化率PDFSRSVR
| Q4 25 | — | 5.89× | ||
| Q3 25 | 2.54× | 8.54× | ||
| Q2 25 | -4.55× | — | ||
| Q1 25 | — | 4.56× | ||
| Q4 24 | 2.98× | 2.14× | ||
| Q3 24 | 4.20× | 71.97× | ||
| Q2 24 | 0.40× | — | ||
| Q1 24 | — | 4.93× |
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% |
RSVR
| Other | $18.9M | 42% |
| Recorded Music Segment | $12.9M | 28% |
| Performance | $6.2M | 14% |
| Synchronization | $4.6M | 10% |
| Physical | $1.9M | 4% |
| Neighboring Rights | $1.1M | 3% |
