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PDF SOLUTIONS INC（PDFS）与Target Hospitality Corp.（TH）财务数据对比。点击上方公司名可切换其他公司
Target Hospitality Corp.的季度营收约是PDF SOLUTIONS INC的1.2倍（$73.5M vs $62.4M），PDF SOLUTIONS INC净利率更高（-0.1% vs -20.3%，领先20.3%），PDF SOLUTIONS INC同比增速更快（24.6% vs 22.0%），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 0.7%）
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。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
PDFS vs TH — 直观对比
营收规模更大
TH
是对方的1.2倍
$62.4M
营收增速更快
PDFS
高出2.6%
22.0%
净利率更高
PDFS
高出20.3%
-20.3%
两年增速更快
PDFS
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $73.5M |
| 净利润 | $-48.0K | $-14.9M |
| 毛利率 | 72.9% | 9.6% |
| 营业利润率 | 5.5% | -22.9% |
| 净利率 | -0.1% | -20.3% |
| 营收同比 | 24.6% | 22.0% |
| 净利润同比 | -108.9% | -219.1% |
| 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PDFSTH
| Q4 25 | $62.4M | $73.5M | ||
| Q3 25 | $57.1M | $91.6M | ||
| Q2 25 | $51.7M | $54.9M | ||
| Q1 25 | $47.8M | $54.9M | ||
| Q4 24 | $50.1M | $60.2M | ||
| Q3 24 | $46.4M | $65.8M | ||
| Q2 24 | $41.7M | $67.5M | ||
| Q1 24 | $41.3M | $72.4M |
净利润PDFSTH
| Q4 25 | $-48.0K | $-14.9M | ||
| Q3 25 | $1.3M | $-795.0K | ||
| Q2 25 | $1.1M | $-14.9M | ||
| Q1 25 | $-3.0M | $-6.5M | ||
| Q4 24 | $539.0K | $12.5M | ||
| Q3 24 | $2.2M | $20.0M | ||
| Q2 24 | $1.7M | $18.4M | ||
| Q1 24 | $-393.0K | $20.4M |
毛利率PDFSTH
| Q4 25 | 72.9% | 9.6% | ||
| Q3 25 | 72.3% | 19.6% | ||
| Q2 25 | 71.2% | -0.6% | ||
| Q1 25 | 72.9% | 32.7% | ||
| Q4 24 | 68.3% | 61.5% | ||
| Q3 24 | 73.1% | 68.7% | ||
| Q2 24 | 70.6% | 69.4% | ||
| Q1 24 | 67.3% | 67.8% |
营业利润率PDFSTH
| Q4 25 | 5.5% | -22.9% | ||
| Q3 25 | 8.5% | 0.1% | ||
| Q2 25 | 2.2% | -30.8% | ||
| Q1 25 | -7.4% | -2.0% | ||
| Q4 24 | 1.0% | 34.5% | ||
| Q3 24 | 4.6% | 42.5% | ||
| Q2 24 | 0.6% | 43.8% | ||
| Q1 24 | -4.7% | 42.0% |
净利率PDFSTH
| Q4 25 | -0.1% | -20.3% | ||
| Q3 25 | 2.3% | -0.9% | ||
| Q2 25 | 2.2% | -27.2% | ||
| Q1 25 | -6.3% | -11.8% | ||
| Q4 24 | 1.1% | 20.8% | ||
| Q3 24 | 4.8% | 30.4% | ||
| Q2 24 | 4.1% | 27.2% | ||
| Q1 24 | -1.0% | 28.2% |
每股收益（稀释后）PDFSTH
| Q4 25 | $0.00 | $-0.14 | ||
| Q3 25 | $0.03 | $-0.01 | ||
| Q2 25 | $0.03 | $-0.15 | ||
| Q1 25 | $-0.08 | $-0.07 | ||
| Q4 24 | $0.01 | $0.12 | ||
| Q3 24 | $0.06 | $0.20 | ||
| Q2 24 | $0.04 | $0.18 | ||
| Q1 24 | $-0.01 | $0.20 |
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 | $8.3M |
| 总债务越低越好 | $67.0M | $1.7M |
| 股东权益账面价值 | $271.0M | $389.3M |
| 总资产 | $418.7M | $530.2M |
| 负债/权益比越低杠杆越低 | 0.25× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资PDFSTH
| Q4 25 | $42.2M | $8.3M | ||
| Q3 25 | $35.9M | $30.4M | ||
| Q2 25 | $40.4M | $19.2M | ||
| Q1 25 | $54.1M | $34.5M | ||
| Q4 24 | $114.9M | $190.7M | ||
| Q3 24 | $120.2M | $177.7M | ||
| Q2 24 | $117.9M | $154.3M | ||
| Q1 24 | $122.9M | $124.3M |
总债务PDFSTH
| Q4 25 | $67.0M | $1.7M | ||
| Q3 25 | $67.6M | $2.0M | ||
| Q2 25 | $68.1M | $26.3M | ||
| Q1 25 | $68.7M | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
股东权益PDFSTH
| Q4 25 | $271.0M | $389.3M | ||
| Q3 25 | $264.4M | $402.4M | ||
| Q2 25 | $257.5M | $401.3M | ||
| Q1 25 | $249.0M | $415.3M | ||
| Q4 24 | $246.0M | $421.1M | ||
| Q3 24 | $240.5M | $417.6M | ||
| Q2 24 | $232.2M | $397.2M | ||
| Q1 24 | $225.4M | $375.5M |
总资产PDFSTH
| Q4 25 | $418.7M | $530.2M | ||
| Q3 25 | $406.4M | $541.2M | ||
| Q2 25 | $391.1M | $533.7M | ||
| Q1 25 | $390.0M | $562.5M | ||
| Q4 24 | $315.3M | $725.8M | ||
| Q3 24 | $307.4M | $709.8M | ||
| Q2 24 | $298.0M | $697.0M | ||
| Q1 24 | $286.8M | $687.2M |
负债/权益比PDFSTH
| Q4 25 | 0.25× | 0.00× | ||
| Q3 25 | 0.26× | 0.01× | ||
| Q2 25 | 0.26× | 0.07× | ||
| Q1 25 | 0.28× | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| 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 | — | — |
| 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PDFSTH
| Q4 25 | $17.3M | $5.7M | ||
| Q3 25 | $3.3M | $53.4M | ||
| Q2 25 | $-5.2M | $11.1M | ||
| Q1 25 | $8.6M | $3.9M | ||
| Q4 24 | $1.6M | $30.6M | ||
| Q3 24 | $9.3M | $31.4M | ||
| Q2 24 | $684.0K | $39.1M | ||
| Q1 24 | $-1.9M | $50.6M |
自由现金流PDFSTH
| Q4 25 | $7.5M | — | ||
| Q3 25 | $-2.9M | — | ||
| Q2 25 | $-13.8M | — | ||
| Q1 25 | $535.0K | $-11.6M | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $5.1M | — | ||
| Q2 24 | $-4.6M | — | ||
| Q1 24 | $-3.9M | — |
自由现金流率PDFSTH
| Q4 25 | 12.1% | — | ||
| Q3 25 | -5.1% | — | ||
| Q2 25 | -26.6% | — | ||
| Q1 25 | 1.1% | -21.1% | ||
| Q4 24 | -8.0% | — | ||
| Q3 24 | 11.0% | — | ||
| Q2 24 | -11.1% | — | ||
| Q1 24 | -9.4% | — |
资本支出强度PDFSTH
| Q4 25 | 15.7% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 17.0% | 28.2% | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 12.8% | — | ||
| Q1 24 | 4.9% | — |
现金转化率PDFSTH
| Q4 25 | — | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | -4.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.98× | 2.44× | ||
| Q3 24 | 4.20× | 1.57× | ||
| Q2 24 | 0.40× | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
