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PDF SOLUTIONS INC（PDFS）与RAYONIER INC（RYN）财务数据对比。点击上方公司名可切换其他公司
RAYONIER INC的季度营收约是PDF SOLUTIONS INC的1.9倍（$117.5M vs $62.4M），RAYONIER INC净利率更高（22.1% vs -0.1%，领先22.1%），PDF SOLUTIONS INC同比增速更快（24.6% vs -81.9%），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 1.7%）
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。
Rayonier Inc.是总部位于佛罗里达州怀尔德莱特的林地房地产投资信托（REIT），资产分布在美国和新西兰的软木种植区域，核心业务板块为木材业务与房地产业务。
PDFS vs RYN — 直观对比
营收规模更大
RYN
是对方的1.9倍
$62.4M
营收增速更快
PDFS
高出106.5%
-81.9%
净利率更高
RYN
高出22.1%
-0.1%
两年增速更快
PDFS
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $117.5M |
| 净利润 | $-48.0K | $25.9M |
| 毛利率 | 72.9% | 41.9% |
| 营业利润率 | 5.5% | 23.0% |
| 净利率 | -0.1% | 22.1% |
| 营收同比 | 24.6% | -81.9% |
| 净利润同比 | -108.9% | -92.1% |
| 每股收益（稀释后） | $0.00 | $0.14 |
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PDFSRYN
| Q4 25 | $62.4M | $117.5M | ||
| Q3 25 | $57.1M | $177.5M | ||
| Q2 25 | $51.7M | $106.5M | ||
| Q1 25 | $47.8M | $82.9M | ||
| Q4 24 | $50.1M | $650.5M | ||
| Q3 24 | $46.4M | $124.1M | ||
| Q2 24 | $41.7M | $99.6M | ||
| Q1 24 | $41.3M | $113.7M |
净利润PDFSRYN
| Q4 25 | $-48.0K | $25.9M | ||
| Q3 25 | $1.3M | $43.2M | ||
| Q2 25 | $1.1M | $408.7M | ||
| Q1 25 | $-3.0M | $-3.4M | ||
| Q4 24 | $539.0K | $327.1M | ||
| Q3 24 | $2.2M | $28.8M | ||
| Q2 24 | $1.7M | $1.9M | ||
| Q1 24 | $-393.0K | $1.4M |
毛利率PDFSRYN
| Q4 25 | 72.9% | 41.9% | ||
| Q3 25 | 72.3% | 32.9% | ||
| Q2 25 | 71.2% | 29.7% | ||
| Q1 25 | 72.9% | 21.7% | ||
| Q4 24 | 68.3% | 53.8% | ||
| Q3 24 | 73.1% | 30.4% | ||
| Q2 24 | 70.6% | 25.4% | ||
| Q1 24 | 67.3% | 24.3% |
营业利润率PDFSRYN
| Q4 25 | 5.5% | 23.0% | ||
| Q3 25 | 8.5% | 23.5% | ||
| Q2 25 | 2.2% | 13.7% | ||
| Q1 25 | -7.4% | 0.1% | ||
| Q4 24 | 1.0% | 47.7% | ||
| Q3 24 | 4.6% | 15.2% | ||
| Q2 24 | 0.6% | 4.6% | ||
| Q1 24 | -4.7% | 7.6% |
净利率PDFSRYN
| Q4 25 | -0.1% | 22.1% | ||
| Q3 25 | 2.3% | 24.3% | ||
| Q2 25 | 2.2% | 383.6% | ||
| Q1 25 | -6.3% | -4.1% | ||
| Q4 24 | 1.1% | 45.1% | ||
| Q3 24 | 4.8% | 23.2% | ||
| Q2 24 | 4.1% | 1.9% | ||
| Q1 24 | -1.0% | 1.2% |
每股收益（稀释后）PDFSRYN
| Q4 25 | $0.00 | $0.14 | ||
| Q3 25 | $0.03 | $0.28 | ||
| Q2 25 | $0.03 | $2.63 | ||
| Q1 25 | $-0.08 | $-0.02 | ||
| Q4 24 | $0.01 | $2.18 | ||
| Q3 24 | $0.06 | $0.19 | ||
| Q2 24 | $0.04 | $0.01 | ||
| Q1 24 | $-0.01 | $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 | $842.9M |
| 总债务越低越好 | $67.0M | $845.3M |
| 股东权益账面价值 | $271.0M | $2.2B |
| 总资产 | $418.7M | $3.4B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.38× |
8季度趋势，按日历期对齐
现金及短期投资PDFSRYN
| Q4 25 | $42.2M | $842.9M | ||
| Q3 25 | $35.9M | $919.6M | ||
| Q2 25 | $40.4M | $892.3M | ||
| Q1 25 | $54.1M | $216.2M | ||
| Q4 24 | $114.9M | $303.1M | ||
| Q3 24 | $120.2M | $51.9M | ||
| Q2 24 | $117.9M | $120.2M | ||
| Q1 24 | $122.9M | $142.1M |
总债务PDFSRYN
| Q4 25 | $67.0M | $845.3M | ||
| Q3 25 | $67.6M | $845.1M | ||
| Q2 25 | $68.1M | $844.9M | ||
| Q1 25 | $68.7M | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益PDFSRYN
| Q4 25 | $271.0M | $2.2B | ||
| Q3 25 | $264.4M | $2.3B | ||
| Q2 25 | $257.5M | $2.3B | ||
| Q1 25 | $249.0M | $1.9B | ||
| Q4 24 | $246.0M | $1.8B | ||
| Q3 24 | $240.5M | $1.8B | ||
| Q2 24 | $232.2M | $1.8B | ||
| Q1 24 | $225.4M | $1.8B |
总资产PDFSRYN
| Q4 25 | $418.7M | $3.4B | ||
| Q3 25 | $406.4M | $3.5B | ||
| Q2 25 | $391.1M | $3.5B | ||
| Q1 25 | $390.0M | $3.4B | ||
| Q4 24 | $315.3M | $3.5B | ||
| Q3 24 | $307.4M | $3.5B | ||
| Q2 24 | $298.0M | $3.5B | ||
| Q1 24 | $286.8M | $3.6B |
负债/权益比PDFSRYN
| Q4 25 | 0.25× | 0.38× | ||
| Q3 25 | 0.26× | 0.37× | ||
| Q2 25 | 0.26× | 0.37× | ||
| Q1 25 | 0.28× | 0.55× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 0.74× |
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 | $256.7M |
| 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 | — | 9.91× |
| 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PDFSRYN
| Q4 25 | $17.3M | $256.7M | ||
| Q3 25 | $3.3M | $116.2M | ||
| Q2 25 | $-5.2M | $61.0M | ||
| Q1 25 | $8.6M | $27.7M | ||
| Q4 24 | $1.6M | $261.6M | ||
| Q3 24 | $9.3M | $66.2M | ||
| Q2 24 | $684.0K | $55.3M | ||
| Q1 24 | $-1.9M | $52.3M |
自由现金流PDFSRYN
| Q4 25 | $7.5M | — | ||
| Q3 25 | $-2.9M | $99.9M | ||
| Q2 25 | $-13.8M | — | ||
| Q1 25 | $535.0K | — | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $5.1M | $42.2M | ||
| Q2 24 | $-4.6M | — | ||
| Q1 24 | $-3.9M | — |
自由现金流率PDFSRYN
| Q4 25 | 12.1% | — | ||
| Q3 25 | -5.1% | 56.3% | ||
| Q2 25 | -26.6% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | -8.0% | — | ||
| Q3 24 | 11.0% | 34.0% | ||
| Q2 24 | -11.1% | — | ||
| Q1 24 | -9.4% | — |
资本支出强度PDFSRYN
| Q4 25 | 15.7% | — | ||
| Q3 25 | 10.8% | 9.2% | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 9.0% | 19.3% | ||
| Q2 24 | 12.8% | — | ||
| Q1 24 | 4.9% | — |
现金转化率PDFSRYN
| Q4 25 | — | 9.91× | ||
| Q3 25 | 2.54× | 2.69× | ||
| Q2 25 | -4.55× | 0.15× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.98× | 0.80× | ||
| Q3 24 | 4.20× | 2.30× | ||
| Q2 24 | 0.40× | 29.07× | ||
| Q1 24 | — | 38.54× |
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% |
RYN
| Real Estate Segment | $42.3M | 36% |
| Pacific Northwest Timber Segment | $19.8M | 17% |
| Stumpage Pay As Cut | $19.3M | 16% |
| Improved Development | $14.8M | 13% |
| Nontimber | $13.2M | 11% |
| License Revenue Primarily From Hunting | $5.3M | 4% |
| Land Based Solutions | $2.9M | 2% |
