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PDF SOLUTIONS INC（PDFS）与SunPower Inc.（SPWR）财务数据对比。点击上方公司名可切换其他公司
SunPower Inc.的季度营收约是PDF SOLUTIONS INC的1.3倍（$79.7M vs $62.4M），PDF SOLUTIONS INC净利率更高（-0.1% vs -17.8%，领先17.7%），PDF SOLUTIONS INC同比增速更快（24.6% vs -10.1%），过去两年SunPower Inc.的营收复合增速更高（118.7% vs 22.9%）
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。
SunPower是一家美国光伏太阳能发电系统与储能电池产品供应商，主要服务住宅客户。公司由斯坦福大学电气工程教授理查德·斯旺森于1985年创立，总部位于加利福尼亚州圣何塞。赛普拉斯半导体2002年收购该公司多数股权后推动其快速发展，SunPower最终于2005年完成上市，目前是全球光伏领域知名企业。
PDFS vs SPWR — 直观对比
营收规模更大
SPWR
是对方的1.3倍
$62.4M
营收增速更快
PDFS
高出34.7%
-10.1%
净利率更高
PDFS
高出17.7%
-17.8%
两年增速更快
SPWR
近两年复合增速
22.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $79.7M |
| 净利润 | $-48.0K | $-14.2M |
| 毛利率 | 72.9% | 35.5% |
| 营业利润率 | 5.5% | -27.4% |
| 净利率 | -0.1% | -17.8% |
| 营收同比 | 24.6% | -10.1% |
| 净利润同比 | -108.9% | -130.1% |
| 每股收益（稀释后） | $0.00 | $-0.05 |
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PDFSSPWR
| Q4 25 | $62.4M | $79.7M | ||
| Q3 25 | $57.1M | $22.0M | ||
| Q2 25 | $51.7M | $67.5M | ||
| Q1 25 | $47.8M | $82.7M | ||
| Q4 24 | $50.1M | $88.7M | ||
| Q3 24 | $46.4M | — | ||
| Q2 24 | $41.7M | — | ||
| Q1 24 | $41.3M | — |
净利润PDFSSPWR
| Q4 25 | $-48.0K | $-14.2M | ||
| Q3 25 | $1.3M | $-16.9M | ||
| Q2 25 | $1.1M | $-22.4M | ||
| Q1 25 | $-3.0M | $8.1M | ||
| Q4 24 | $539.0K | $47.0M | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $1.7M | — | ||
| Q1 24 | $-393.0K | — |
毛利率PDFSSPWR
| Q4 25 | 72.9% | 35.5% | ||
| Q3 25 | 72.3% | — | ||
| Q2 25 | 71.2% | 42.6% | ||
| Q1 25 | 72.9% | 48.5% | ||
| Q4 24 | 68.3% | 46.5% | ||
| Q3 24 | 73.1% | — | ||
| Q2 24 | 70.6% | — | ||
| Q1 24 | 67.3% | — |
营业利润率PDFSSPWR
| Q4 25 | 5.5% | -27.4% | ||
| Q3 25 | 8.5% | -15.7% | ||
| Q2 25 | 2.2% | -4.0% | ||
| Q1 25 | -7.4% | 1.3% | ||
| Q4 24 | 1.0% | -24.2% | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | -4.7% | — |
净利率PDFSSPWR
| Q4 25 | -0.1% | -17.8% | ||
| Q3 25 | 2.3% | -76.9% | ||
| Q2 25 | 2.2% | -33.2% | ||
| Q1 25 | -6.3% | 9.8% | ||
| Q4 24 | 1.1% | 53.0% | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | -1.0% | — |
每股收益（稀释后）PDFSSPWR
| Q4 25 | $0.00 | $-0.05 | ||
| Q3 25 | $0.03 | $-0.19 | ||
| Q2 25 | $0.03 | $-0.28 | ||
| Q1 25 | $-0.08 | $0.00 | ||
| Q4 24 | $0.01 | $0.27 | ||
| 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 | $9.6M |
| 总债务越低越好 | $67.0M | $164.8M |
| 股东权益账面价值 | $271.0M | $-90.1M |
| 总资产 | $418.7M | $241.2M |
| 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PDFSSPWR
| Q4 25 | $42.2M | $9.6M | ||
| Q3 25 | $35.9M | $5.1M | ||
| Q2 25 | $40.4M | $11.1M | ||
| Q1 25 | $54.1M | $10.6M | ||
| Q4 24 | $114.9M | $13.4M | ||
| Q3 24 | $120.2M | — | ||
| Q2 24 | $117.9M | — | ||
| Q1 24 | $122.9M | — |
总债务PDFSSPWR
| Q4 25 | $67.0M | $164.8M | ||
| Q3 25 | $67.6M | $204.3M | ||
| Q2 25 | $68.1M | $152.9M | ||
| Q1 25 | $68.7M | — | ||
| Q4 24 | — | $147.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PDFSSPWR
| Q4 25 | $271.0M | $-90.1M | ||
| Q3 25 | $264.4M | $-112.3M | ||
| Q2 25 | $257.5M | $-107.2M | ||
| Q1 25 | $249.0M | $-89.0M | ||
| Q4 24 | $246.0M | $-97.5M | ||
| Q3 24 | $240.5M | — | ||
| Q2 24 | $232.2M | — | ||
| Q1 24 | $225.4M | — |
总资产PDFSSPWR
| Q4 25 | $418.7M | $241.2M | ||
| Q3 25 | $406.4M | $208.3M | ||
| Q2 25 | $391.1M | $163.1M | ||
| Q1 25 | $390.0M | $147.8M | ||
| Q4 24 | $315.3M | $144.5M | ||
| Q3 24 | $307.4M | — | ||
| Q2 24 | $298.0M | — | ||
| Q1 24 | $286.8M | — |
负债/权益比PDFSSPWR
| 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 | $-1.9M |
| 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 | — | — |
| 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PDFSSPWR
| Q4 25 | $17.3M | $-1.9M | ||
| Q3 25 | $3.3M | $-6.4M | ||
| Q2 25 | $-5.2M | $-4.4M | ||
| Q1 25 | $8.6M | $-2.6M | ||
| Q4 24 | $1.6M | $-25.6M | ||
| Q3 24 | $9.3M | — | ||
| Q2 24 | $684.0K | — | ||
| Q1 24 | $-1.9M | — |
自由现金流PDFSSPWR
| Q4 25 | $7.5M | — | ||
| Q3 25 | $-2.9M | — | ||
| Q2 25 | $-13.8M | — | ||
| Q1 25 | $535.0K | — | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $5.1M | — | ||
| Q2 24 | $-4.6M | — | ||
| Q1 24 | $-3.9M | — |
自由现金流率PDFSSPWR
| Q4 25 | 12.1% | — | ||
| Q3 25 | -5.1% | — | ||
| Q2 25 | -26.6% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | -8.0% | — | ||
| Q3 24 | 11.0% | — | ||
| Q2 24 | -11.1% | — | ||
| Q1 24 | -9.4% | — |
资本支出强度PDFSSPWR
| Q4 25 | 15.7% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 12.8% | — | ||
| Q1 24 | 4.9% | — |
现金转化率PDFSSPWR
| Q4 25 | — | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | -4.55× | — | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | 2.98× | -0.54× | ||
| 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% |
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
