vs
PDF SOLUTIONS INC（PDFS）与System1, Inc.（SST）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System1, Inc.的1.2倍（$62.4M vs $51.9M），PDF SOLUTIONS INC净利率更高（-0.1% vs -26.0%，领先25.9%），PDF SOLUTIONS INC同比增速更快（24.6% vs -31.3%），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs -21.8%）
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。
System1是一家美国互联网广告企业，成立于2013年，前身为OpenMail，总部位于加利福尼亚州玛丽娜德尔雷。该公司主打获客响应营销平台业务，将隐私保护作为核心经营重点之一，但也曾因对Startpage.com等主打隐私的平台的影响受到批评。
PDFS vs SST — 直观对比
营收规模更大
PDFS
是对方的1.2倍
$51.9M
营收增速更快
PDFS
高出55.9%
-31.3%
净利率更高
PDFS
高出25.9%
-26.0%
两年增速更快
PDFS
近两年复合增速
-21.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $51.9M |
| 净利润 | $-48.0K | $-13.5M |
| 毛利率 | 72.9% | 41.0% |
| 营业利润率 | 5.5% | -33.6% |
| 净利率 | -0.1% | -26.0% |
| 营收同比 | 24.6% | -31.3% |
| 净利润同比 | -108.9% | 4.8% |
| 每股收益（稀释后） | $0.00 | $-3.58 |
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PDFSSST
| Q4 25 | $62.4M | $51.9M | ||
| Q3 25 | $57.1M | $61.6M | ||
| Q2 25 | $51.7M | $78.1M | ||
| Q1 25 | $47.8M | $74.5M | ||
| Q4 24 | $50.1M | $75.6M | ||
| Q3 24 | $46.4M | $88.8M | ||
| Q2 24 | $41.7M | $94.6M | ||
| Q1 24 | $41.3M | $84.9M |
净利润PDFSSST
| Q4 25 | $-48.0K | $-13.5M | ||
| Q3 25 | $1.3M | $-18.5M | ||
| Q2 25 | $1.1M | $-17.5M | ||
| Q1 25 | $-3.0M | $-15.9M | ||
| Q4 24 | $539.0K | $-14.2M | ||
| Q3 24 | $2.2M | $-23.6M | ||
| Q2 24 | $1.7M | $-26.4M | ||
| Q1 24 | $-393.0K | $-10.5M |
毛利率PDFSSST
| Q4 25 | 72.9% | 41.0% | ||
| Q3 25 | 72.3% | 36.9% | ||
| Q2 25 | 71.2% | 35.7% | ||
| Q1 25 | 72.9% | 38.2% | ||
| Q4 24 | 68.3% | 42.1% | ||
| Q3 24 | 73.1% | 28.0% | ||
| Q2 24 | 70.6% | 27.6% | ||
| Q1 24 | 67.3% | 21.9% |
营业利润率PDFSSST
| Q4 25 | 5.5% | -33.6% | ||
| Q3 25 | 8.5% | -25.3% | ||
| Q2 25 | 2.2% | -20.4% | ||
| Q1 25 | -7.4% | -17.6% | ||
| Q4 24 | 1.0% | -15.7% | ||
| Q3 24 | 4.6% | -24.6% | ||
| Q2 24 | 0.6% | -30.8% | ||
| Q1 24 | -4.7% | -30.4% |
净利率PDFSSST
| Q4 25 | -0.1% | -26.0% | ||
| Q3 25 | 2.3% | -30.1% | ||
| Q2 25 | 2.2% | -22.4% | ||
| Q1 25 | -6.3% | -21.3% | ||
| Q4 24 | 1.1% | -18.7% | ||
| Q3 24 | 4.8% | -26.6% | ||
| Q2 24 | 4.1% | -27.9% | ||
| Q1 24 | -1.0% | -12.4% |
每股收益（稀释后）PDFSSST
| Q4 25 | $0.00 | $-3.58 | ||
| Q3 25 | $0.03 | $-2.30 | ||
| Q2 25 | $0.03 | $-2.23 | ||
| Q1 25 | $-0.08 | $-0.21 | ||
| Q4 24 | $0.01 | $-3.41 | ||
| Q3 24 | $0.06 | $-3.37 | ||
| Q2 24 | $0.04 | $-3.80 | ||
| Q1 24 | $-0.01 | $-0.16 |
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 | $86.9M |
| 总债务越低越好 | $67.0M | $305.1M |
| 股东权益账面价值 | $271.0M | $30.5M |
| 总资产 | $418.7M | $405.0M |
| 负债/权益比越低杠杆越低 | 0.25× | 10.01× |
8季度趋势，按日历期对齐
现金及短期投资PDFSSST
| Q4 25 | $42.2M | $86.9M | ||
| Q3 25 | $35.9M | $54.6M | ||
| Q2 25 | $40.4M | $63.6M | ||
| Q1 25 | $54.1M | $43.9M | ||
| Q4 24 | $114.9M | $63.6M | ||
| Q3 24 | $120.2M | $69.1M | ||
| Q2 24 | $117.9M | $75.7M | ||
| Q1 24 | $122.9M | $69.9M |
总债务PDFSSST
| Q4 25 | $67.0M | $305.1M | ||
| Q3 25 | $67.6M | $259.2M | ||
| Q2 25 | $68.1M | $263.3M | ||
| Q1 25 | $68.7M | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
股东权益PDFSSST
| Q4 25 | $271.0M | $30.5M | ||
| Q3 25 | $264.4M | $42.7M | ||
| Q2 25 | $257.5M | $58.2M | ||
| Q1 25 | $249.0M | $67.2M | ||
| Q4 24 | $246.0M | $80.3M | ||
| Q3 24 | $240.5M | $90.3M | ||
| Q2 24 | $232.2M | $109.4M | ||
| Q1 24 | $225.4M | $131.7M |
总资产PDFSSST
| Q4 25 | $418.7M | $405.0M | ||
| Q3 25 | $406.4M | $385.2M | ||
| Q2 25 | $391.1M | $429.2M | ||
| Q1 25 | $390.0M | $419.2M | ||
| Q4 24 | $315.3M | $459.1M | ||
| Q3 24 | $307.4M | $479.3M | ||
| Q2 24 | $298.0M | $511.3M | ||
| Q1 24 | $286.8M | $521.1M |
负债/权益比PDFSSST
| Q4 25 | 0.25× | 10.01× | ||
| Q3 25 | 0.26× | 6.07× | ||
| Q2 25 | 0.26× | 4.53× | ||
| Q1 25 | 0.28× | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 2.04× |
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 | $-10.6M |
| 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% | 0.0% |
| 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PDFSSST
| Q4 25 | $17.3M | $-10.6M | ||
| Q3 25 | $3.3M | $-2.1M | ||
| Q2 25 | $-5.2M | $24.5M | ||
| Q1 25 | $8.6M | $-15.9M | ||
| Q4 24 | $1.6M | $772.0K | ||
| Q3 24 | $9.3M | $-5.0K | ||
| Q2 24 | $684.0K | $10.0M | ||
| Q1 24 | $-1.9M | $-16.0M |
自由现金流PDFSSST
| Q4 25 | $7.5M | — | ||
| Q3 25 | $-2.9M | — | ||
| Q2 25 | $-13.8M | — | ||
| Q1 25 | $535.0K | $-16.0M | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $5.1M | $-36.0K | ||
| Q2 24 | $-4.6M | — | ||
| Q1 24 | $-3.9M | — |
自由现金流率PDFSSST
| Q4 25 | 12.1% | — | ||
| Q3 25 | -5.1% | — | ||
| Q2 25 | -26.6% | — | ||
| Q1 25 | 1.1% | -21.5% | ||
| Q4 24 | -8.0% | — | ||
| Q3 24 | 11.0% | -0.0% | ||
| Q2 24 | -11.1% | — | ||
| Q1 24 | -9.4% | — |
资本支出强度PDFSSST
| Q4 25 | 15.7% | 0.0% | ||
| Q3 25 | 10.8% | 0.0% | ||
| Q2 25 | 16.5% | 0.0% | ||
| Q1 25 | 17.0% | 0.1% | ||
| Q4 24 | 11.3% | 0.0% | ||
| Q3 24 | 9.0% | 0.0% | ||
| Q2 24 | 12.8% | 0.0% | ||
| Q1 24 | 4.9% | 0.0% |
现金转化率PDFSSST
| 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% |
SST
暂无分部数据
