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PDF SOLUTIONS INC（PDFS）与合众银行（STBA）财务数据对比。点击上方公司名可切换其他公司
合众银行的季度营收约是PDF SOLUTIONS INC的1.6倍（$102.1M vs $62.4M），合众银行净利率更高（34.4% vs -0.1%，领先34.4%），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 2.6%）
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。
合众银行是总部位于美国明尼苏达州明尼阿波利斯、注册地为特拉华州的跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构。旗下核心运营主体为美国合众银行全国协会，以“U.S. Bank”品牌开展业务，提供银行、投资、抵押贷款等多元金融服务。
PDFS vs STBA — 直观对比
营收规模更大
STBA
是对方的1.6倍
$62.4M
净利率更高
STBA
高出34.4%
-0.1%
两年增速更快
PDFS
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $102.1M |
| 净利润 | $-48.0K | $35.1M |
| 毛利率 | 72.9% | — |
| 营业利润率 | 5.5% | — |
| 净利率 | -0.1% | 34.4% |
| 营收同比 | 24.6% | — |
| 净利润同比 | -108.9% | 5.0% |
| 每股收益（稀释后） | $0.00 | $0.94 |
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PDFSSTBA
| Q1 26 | — | $102.1M | ||
| Q4 25 | $62.4M | $105.3M | ||
| Q3 25 | $57.1M | $103.0M | ||
| Q2 25 | $51.7M | $100.1M | ||
| Q1 25 | $47.8M | $93.8M | ||
| Q4 24 | $50.1M | $94.3M | ||
| Q3 24 | $46.4M | $96.4M | ||
| Q2 24 | $41.7M | $96.9M |
净利润PDFSSTBA
| Q1 26 | — | $35.1M | ||
| Q4 25 | $-48.0K | $34.0M | ||
| Q3 25 | $1.3M | $35.0M | ||
| Q2 25 | $1.1M | $31.9M | ||
| Q1 25 | $-3.0M | $33.4M | ||
| Q4 24 | $539.0K | $33.1M | ||
| Q3 24 | $2.2M | $32.6M | ||
| Q2 24 | $1.7M | $34.4M |
毛利率PDFSSTBA
| Q1 26 | — | — | ||
| Q4 25 | 72.9% | — | ||
| Q3 25 | 72.3% | — | ||
| Q2 25 | 71.2% | — | ||
| Q1 25 | 72.9% | — | ||
| Q4 24 | 68.3% | — | ||
| Q3 24 | 73.1% | — | ||
| Q2 24 | 70.6% | — |
营业利润率PDFSSTBA
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 40.3% | ||
| Q3 25 | 8.5% | 42.6% | ||
| Q2 25 | 2.2% | 40.0% | ||
| Q1 25 | -7.4% | 44.5% | ||
| Q4 24 | 1.0% | 43.8% | ||
| Q3 24 | 4.6% | 43.0% | ||
| Q2 24 | 0.6% | 44.2% |
净利率PDFSSTBA
| Q1 26 | — | 34.4% | ||
| Q4 25 | -0.1% | 32.3% | ||
| Q3 25 | 2.3% | 33.9% | ||
| Q2 25 | 2.2% | 31.9% | ||
| Q1 25 | -6.3% | 35.6% | ||
| Q4 24 | 1.1% | 35.1% | ||
| Q3 24 | 4.8% | 33.8% | ||
| Q2 24 | 4.1% | 35.5% |
每股收益（稀释后）PDFSSTBA
| Q1 26 | — | $0.94 | ||
| Q4 25 | $0.00 | $0.88 | ||
| Q3 25 | $0.03 | $0.91 | ||
| Q2 25 | $0.03 | $0.83 | ||
| Q1 25 | $-0.08 | $0.87 | ||
| Q4 24 | $0.01 | $0.86 | ||
| Q3 24 | $0.06 | $0.85 | ||
| Q2 24 | $0.04 | $0.89 |
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 | — |
| 总债务越低越好 | $67.0M | $100.8M |
| 股东权益账面价值 | $271.0M | $1.4B |
| 总资产 | $418.7M | $9.9B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资PDFSSTBA
| Q1 26 | — | — | ||
| Q4 25 | $42.2M | $163.4M | ||
| Q3 25 | $35.9M | $196.2M | ||
| Q2 25 | $40.4M | $203.1M | ||
| Q1 25 | $54.1M | $211.8M | ||
| Q4 24 | $114.9M | $244.8M | ||
| Q3 24 | $120.2M | $228.1M | ||
| Q2 24 | $117.9M | $246.3M |
总债务PDFSSTBA
| Q1 26 | — | $100.8M | ||
| Q4 25 | $67.0M | — | ||
| Q3 25 | $67.6M | — | ||
| Q2 25 | $68.1M | — | ||
| Q1 25 | $68.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PDFSSTBA
| Q1 26 | — | $1.4B | ||
| Q4 25 | $271.0M | $1.5B | ||
| Q3 25 | $264.4M | $1.5B | ||
| Q2 25 | $257.5M | $1.4B | ||
| Q1 25 | $249.0M | $1.4B | ||
| Q4 24 | $246.0M | $1.4B | ||
| Q3 24 | $240.5M | $1.4B | ||
| Q2 24 | $232.2M | $1.3B |
总资产PDFSSTBA
| Q1 26 | — | $9.9B | ||
| Q4 25 | $418.7M | $9.9B | ||
| Q3 25 | $406.4M | $9.8B | ||
| Q2 25 | $391.1M | $9.8B | ||
| Q1 25 | $390.0M | $9.7B | ||
| Q4 24 | $315.3M | $9.7B | ||
| Q3 24 | $307.4M | $9.6B | ||
| Q2 24 | $298.0M | $9.6B |
负债/权益比PDFSSTBA
| Q1 26 | — | 0.07× | ||
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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PDFSSTBA
| Q1 26 | — | — | ||
| Q4 25 | $17.3M | $133.6M | ||
| Q3 25 | $3.3M | $40.5M | ||
| Q2 25 | $-5.2M | $28.3M | ||
| Q1 25 | $8.6M | $28.7M | ||
| Q4 24 | $1.6M | $173.4M | ||
| Q3 24 | $9.3M | $27.6M | ||
| Q2 24 | $684.0K | $44.7M |
自由现金流PDFSSTBA
| Q1 26 | — | — | ||
| Q4 25 | $7.5M | $128.8M | ||
| Q3 25 | $-2.9M | $39.9M | ||
| Q2 25 | $-13.8M | $27.1M | ||
| Q1 25 | $535.0K | $27.0M | ||
| Q4 24 | $-4.0M | $170.4M | ||
| Q3 24 | $5.1M | $26.9M | ||
| Q2 24 | $-4.6M | $43.9M |
自由现金流率PDFSSTBA
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 122.4% | ||
| Q3 25 | -5.1% | 38.7% | ||
| Q2 25 | -26.6% | 27.1% | ||
| Q1 25 | 1.1% | 28.8% | ||
| Q4 24 | -8.0% | 180.7% | ||
| Q3 24 | 11.0% | 28.0% | ||
| Q2 24 | -11.1% | 45.3% |
资本支出强度PDFSSTBA
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | 4.5% | ||
| Q3 25 | 10.8% | 0.6% | ||
| Q2 25 | 16.5% | 1.2% | ||
| Q1 25 | 17.0% | 1.8% | ||
| Q4 24 | 11.3% | 3.1% | ||
| Q3 24 | 9.0% | 0.7% | ||
| Q2 24 | 12.8% | 0.9% |
现金转化率PDFSSTBA
| Q1 26 | — | — | ||
| Q4 25 | — | 3.93× | ||
| Q3 25 | 2.54× | 1.16× | ||
| Q2 25 | -4.55× | 0.89× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 2.98× | 5.24× | ||
| Q3 24 | 4.20× | 0.85× | ||
| Q2 24 | 0.40× | 1.30× |
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% |
STBA
| Net Interest Income | $88.4M | 87% |
| Noninterest Income | $13.6M | 13% |
