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PDF SOLUTIONS INC（PDFS）与Southland Holdings, Inc.（SLND）财务数据对比。点击上方公司名可切换其他公司
Southland Holdings, Inc.的季度营收约是PDF SOLUTIONS INC的1.7倍（$104.0M vs $62.4M），PDF SOLUTIONS INC净利率更高（-0.1% vs -208.2%，领先208.1%），PDF SOLUTIONS INC同比增速更快（24.6% vs -61.1%），Southland Holdings, Inc.自由现金流更多（$9.3M vs $7.5M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs -39.9%）
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。
Southland Holdings, Inc.是北美知名基础设施建设企业，主营公路、桥梁、机场等交通工程、水处理系统搭建及商业场地开发业务，服务公共部门及私营领域客户，业务覆盖北美核心市场。
PDFS vs SLND — 直观对比
营收规模更大
SLND
是对方的1.7倍
$62.4M
营收增速更快
PDFS
高出85.7%
-61.1%
净利率更高
PDFS
高出208.1%
-208.2%
自由现金流更多
SLND
多$1.7M
$7.5M
两年增速更快
PDFS
近两年复合增速
-39.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $104.0M |
| 净利润 | $-48.0K | $-216.4M |
| 毛利率 | 72.9% | -186.0% |
| 营业利润率 | 5.5% | -202.4% |
| 净利率 | -0.1% | -208.2% |
| 营收同比 | 24.6% | -61.1% |
| 净利润同比 | -108.9% | -5108.5% |
| 每股收益（稀释后） | $0.00 | $-4.01 |
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PDFSSLND
| Q4 25 | $62.4M | $104.0M | ||
| Q3 25 | $57.1M | $213.3M | ||
| Q2 25 | $51.7M | $215.4M | ||
| Q1 25 | $47.8M | $239.5M | ||
| Q4 24 | $50.1M | $267.3M | ||
| Q3 24 | $46.4M | $173.3M | ||
| Q2 24 | $41.7M | $251.5M | ||
| Q1 24 | $41.3M | $288.1M |
净利润PDFSSLND
| Q4 25 | $-48.0K | $-216.4M | ||
| Q3 25 | $1.3M | $-75.3M | ||
| Q2 25 | $1.1M | $-10.3M | ||
| Q1 25 | $-3.0M | $-4.6M | ||
| Q4 24 | $539.0K | $-4.2M | ||
| Q3 24 | $2.2M | $-54.7M | ||
| Q2 24 | $1.7M | $-46.1M | ||
| Q1 24 | $-393.0K | $-406.0K |
毛利率PDFSSLND
| Q4 25 | 72.9% | -186.0% | ||
| Q3 25 | 72.3% | 1.5% | ||
| Q2 25 | 71.2% | 6.2% | ||
| Q1 25 | 72.9% | 9.0% | ||
| Q4 24 | 68.3% | 2.9% | ||
| Q3 24 | 73.1% | -29.5% | ||
| Q2 24 | 70.6% | -15.9% | ||
| Q1 24 | 67.3% | 7.1% |
营业利润率PDFSSLND
| Q4 25 | 5.5% | -202.4% | ||
| Q3 25 | 8.5% | -5.3% | ||
| Q2 25 | 2.2% | -0.1% | ||
| Q1 25 | -7.4% | 2.1% | ||
| Q4 24 | 1.0% | -3.0% | ||
| Q3 24 | 4.6% | -39.6% | ||
| Q2 24 | 0.6% | -22.1% | ||
| Q1 24 | -4.7% | 2.1% |
净利率PDFSSLND
| Q4 25 | -0.1% | -208.2% | ||
| Q3 25 | 2.3% | -35.3% | ||
| Q2 25 | 2.2% | -4.8% | ||
| Q1 25 | -6.3% | -1.9% | ||
| Q4 24 | 1.1% | -1.6% | ||
| Q3 24 | 4.8% | -31.6% | ||
| Q2 24 | 4.1% | -18.3% | ||
| Q1 24 | -1.0% | -0.1% |
每股收益（稀释后）PDFSSLND
| Q4 25 | $0.00 | $-4.01 | ||
| Q3 25 | $0.03 | $-1.39 | ||
| Q2 25 | $0.03 | $-0.19 | ||
| Q1 25 | $-0.08 | $-0.08 | ||
| Q4 24 | $0.01 | $-0.08 | ||
| Q3 24 | $0.06 | $-1.14 | ||
| Q2 24 | $0.04 | $-0.96 | ||
| 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 | $52.7M |
| 总债务越低越好 | $67.0M | $257.7M |
| 股东权益账面价值 | $271.0M | $-140.9M |
| 总资产 | $418.7M | $989.3M |
| 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PDFSSLND
| Q4 25 | $42.2M | $52.7M | ||
| Q3 25 | $35.9M | $40.5M | ||
| Q2 25 | $40.4M | $46.5M | ||
| Q1 25 | $54.1M | $65.1M | ||
| Q4 24 | $114.9M | $72.2M | ||
| Q3 24 | $120.2M | $91.4M | ||
| Q2 24 | $117.9M | $52.4M | ||
| Q1 24 | $122.9M | $31.2M |
总债务PDFSSLND
| Q4 25 | $67.0M | $257.7M | ||
| Q3 25 | $67.6M | $267.8M | ||
| Q2 25 | $68.1M | $278.6M | ||
| Q1 25 | $68.7M | $288.1M | ||
| Q4 24 | — | $300.1M | ||
| Q3 24 | — | $318.3M | ||
| Q2 24 | — | $307.8M | ||
| Q1 24 | — | $302.0M |
股东权益PDFSSLND
| Q4 25 | $271.0M | $-140.9M | ||
| Q3 25 | $264.4M | $75.0M | ||
| Q2 25 | $257.5M | $151.1M | ||
| Q1 25 | $249.0M | $159.1M | ||
| Q4 24 | $246.0M | $163.7M | ||
| Q3 24 | $240.5M | $149.1M | ||
| Q2 24 | $232.2M | $203.3M | ||
| Q1 24 | $225.4M | $249.3M |
总资产PDFSSLND
| Q4 25 | $418.7M | $989.3M | ||
| Q3 25 | $406.4M | $1.1B | ||
| Q2 25 | $391.1M | $1.2B | ||
| Q1 25 | $390.0M | $1.2B | ||
| Q4 24 | $315.3M | $1.2B | ||
| Q3 24 | $307.4M | $1.2B | ||
| Q2 24 | $298.0M | $1.3B | ||
| Q1 24 | $286.8M | $1.2B |
负债/权益比PDFSSLND
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.26× | 3.57× | ||
| Q2 25 | 0.26× | 1.84× | ||
| Q1 25 | 0.28× | 1.81× | ||
| Q4 24 | — | 1.83× | ||
| Q3 24 | — | 2.14× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | — | 1.21× |
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 | $9.7M |
| 自由现金流经营现金流 - 资本支出 | $7.5M | $9.3M |
| 自由现金流率自由现金流/营收 | 12.1% | 8.9% |
| 资本支出强度资本支出/营收 | 15.7% | 0.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-8.6M | $12.7M |
8季度趋势，按日历期对齐
经营现金流PDFSSLND
| Q4 25 | $17.3M | $9.7M | ||
| Q3 25 | $3.3M | $5.9M | ||
| Q2 25 | $-5.2M | $-5.4M | ||
| Q1 25 | $8.6M | $6.4M | ||
| Q4 24 | $1.6M | $-10.3M | ||
| Q3 24 | $9.3M | $-5.3M | ||
| Q2 24 | $684.0K | $27.4M | ||
| Q1 24 | $-1.9M | $-9.9M |
自由现金流PDFSSLND
| Q4 25 | $7.5M | $9.3M | ||
| Q3 25 | $-2.9M | $5.3M | ||
| Q2 25 | $-13.8M | $-6.5M | ||
| Q1 25 | $535.0K | $4.6M | ||
| Q4 24 | $-4.0M | $-11.5M | ||
| Q3 24 | $5.1M | $-7.3M | ||
| Q2 24 | $-4.6M | $26.3M | ||
| Q1 24 | $-3.9M | $-13.0M |
自由现金流率PDFSSLND
| Q4 25 | 12.1% | 8.9% | ||
| Q3 25 | -5.1% | 2.5% | ||
| Q2 25 | -26.6% | -3.0% | ||
| Q1 25 | 1.1% | 1.9% | ||
| Q4 24 | -8.0% | -4.3% | ||
| Q3 24 | 11.0% | -4.2% | ||
| Q2 24 | -11.1% | 10.5% | ||
| Q1 24 | -9.4% | -4.5% |
资本支出强度PDFSSLND
| Q4 25 | 15.7% | 0.4% | ||
| Q3 25 | 10.8% | 0.3% | ||
| Q2 25 | 16.5% | 0.5% | ||
| Q1 25 | 17.0% | 0.7% | ||
| Q4 24 | 11.3% | 0.5% | ||
| Q3 24 | 9.0% | 1.1% | ||
| Q2 24 | 12.8% | 0.4% | ||
| Q1 24 | 4.9% | 1.1% |
现金转化率PDFSSLND
| Q4 25 | — | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | -4.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.98× | — | ||
| Q3 24 | 4.20× | — | ||
| Q2 24 | 0.40× | — | ||
| 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% |
SLND
| Civil | $58.4M | 56% |
| Transportation | $45.6M | 44% |
