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PDF SOLUTIONS INC（PDFS）与VINCE HOLDING CORP.（VNCE）财务数据对比。点击上方公司名可切换其他公司
VINCE HOLDING CORP.的季度营收约是PDF SOLUTIONS INC的1.4倍（$85.1M vs $62.4M），VINCE HOLDING CORP.净利率更高（3.2% vs -0.1%，领先3.3%），PDF SOLUTIONS INC同比增速更快（24.6% vs 6.2%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-5.7M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% vs 6.3%）
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。
Vince是创立于2002年的现代时装品牌，主打简约高级的日常服饰，深受都市消费者喜爱。2023年，Authentic Brands Group以7650万美元收购了该品牌的知识产权。
PDFS vs VNCE — 直观对比
营收规模更大
VNCE
是对方的1.4倍
$62.4M
营收增速更快
PDFS
高出18.4%
6.2%
净利率更高
VNCE
高出3.3%
-0.1%
自由现金流更多
PDFS
多$13.3M
$-5.7M
两年增速更快
PDFS
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $62.4M | $85.1M |
| 净利润 | $-48.0K | $2.7M |
| 毛利率 | 72.9% | 49.2% |
| 营业利润率 | 5.5% | 6.4% |
| 净利率 | -0.1% | 3.2% |
| 营收同比 | 24.6% | 6.2% |
| 净利润同比 | -108.9% | -37.3% |
| 每股收益（稀释后） | $0.00 | $0.21 |
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PDFSVNCE
| Q4 25 | $62.4M | $85.1M | ||
| Q3 25 | $57.1M | $73.2M | ||
| Q2 25 | $51.7M | $57.9M | ||
| Q1 25 | $47.8M | $80.0M | ||
| Q4 24 | $50.1M | $80.2M | ||
| Q3 24 | $46.4M | $74.2M | ||
| Q2 24 | $41.7M | $59.2M | ||
| Q1 24 | $41.3M | $75.3M |
净利润PDFSVNCE
| Q4 25 | $-48.0K | $2.7M | ||
| Q3 25 | $1.3M | $12.1M | ||
| Q2 25 | $1.1M | $-4.8M | ||
| Q1 25 | $-3.0M | $-28.3M | ||
| Q4 24 | $539.0K | $4.3M | ||
| Q3 24 | $2.2M | $569.0K | ||
| Q2 24 | $1.7M | $4.4M | ||
| Q1 24 | $-393.0K | $-4.7M |
毛利率PDFSVNCE
| Q4 25 | 72.9% | 49.2% | ||
| Q3 25 | 72.3% | 50.4% | ||
| Q2 25 | 71.2% | 50.3% | ||
| Q1 25 | 72.9% | 50.1% | ||
| Q4 24 | 68.3% | 50.0% | ||
| Q3 24 | 73.1% | 47.4% | ||
| Q2 24 | 70.6% | 50.6% | ||
| Q1 24 | 67.3% | 45.4% |
营业利润率PDFSVNCE
| Q4 25 | 5.5% | 6.4% | ||
| Q3 25 | 8.5% | 15.2% | ||
| Q2 25 | 2.2% | -7.7% | ||
| Q1 25 | -7.4% | -37.1% | ||
| Q4 24 | 1.0% | 7.2% | ||
| Q3 24 | 4.6% | 1.5% | ||
| Q2 24 | 0.6% | 9.5% | ||
| Q1 24 | -4.7% | -2.2% |
净利率PDFSVNCE
| Q4 25 | -0.1% | 3.2% | ||
| Q3 25 | 2.3% | 16.5% | ||
| Q2 25 | 2.2% | -8.3% | ||
| Q1 25 | -6.3% | -35.5% | ||
| Q4 24 | 1.1% | 5.4% | ||
| Q3 24 | 4.8% | 0.8% | ||
| Q2 24 | 4.1% | 7.4% | ||
| Q1 24 | -1.0% | -6.2% |
每股收益（稀释后）PDFSVNCE
| Q4 25 | $0.00 | $0.21 | ||
| Q3 25 | $0.03 | $0.93 | ||
| Q2 25 | $0.03 | $-0.37 | ||
| Q1 25 | $-0.08 | $-2.25 | ||
| Q4 24 | $0.01 | $0.34 | ||
| Q3 24 | $0.06 | $0.05 | ||
| Q2 24 | $0.04 | $0.35 | ||
| Q1 24 | $-0.01 | $-0.37 |
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 | $1.1M |
| 总债务越低越好 | $67.0M | — |
| 股东权益账面价值 | $271.0M | $53.4M |
| 总资产 | $418.7M | $246.0M |
| 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PDFSVNCE
| Q4 25 | $42.2M | $1.1M | ||
| Q3 25 | $35.9M | $777.0K | ||
| Q2 25 | $40.4M | $2.6M | ||
| Q1 25 | $54.1M | $607.0K | ||
| Q4 24 | $114.9M | $892.0K | ||
| Q3 24 | $120.2M | $711.0K | ||
| Q2 24 | $117.9M | $739.0K | ||
| Q1 24 | $122.9M | $357.0K |
总债务PDFSVNCE
| Q4 25 | $67.0M | — | ||
| Q3 25 | $67.6M | — | ||
| Q2 25 | $68.1M | — | ||
| Q1 25 | $68.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PDFSVNCE
| Q4 25 | $271.0M | $53.4M | ||
| Q3 25 | $264.4M | $49.3M | ||
| Q2 25 | $257.5M | $37.2M | ||
| Q1 25 | $249.0M | $41.8M | ||
| Q4 24 | $246.0M | $57.1M | ||
| Q3 24 | $240.5M | $52.4M | ||
| Q2 24 | $232.2M | $51.7M | ||
| Q1 24 | $225.4M | $47.2M |
总资产PDFSVNCE
| Q4 25 | $418.7M | $246.0M | ||
| Q3 25 | $406.4M | $239.0M | ||
| Q2 25 | $391.1M | $218.0M | ||
| Q1 25 | $390.0M | $222.7M | ||
| Q4 24 | $315.3M | $254.7M | ||
| Q3 24 | $307.4M | $253.6M | ||
| Q2 24 | $298.0M | $223.1M | ||
| Q1 24 | $286.8M | $225.1M |
负债/权益比PDFSVNCE
| 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 | $-5.1M |
| 自由现金流经营现金流 - 资本支出 | $7.5M | $-5.7M |
| 自由现金流率自由现金流/营收 | 12.1% | -6.7% |
| 资本支出强度资本支出/营收 | 15.7% | 0.7% |
| 现金转化率经营现金流/净利润 | — | -1.86× |
| 过去12个月自由现金流最近4个季度 | $-8.6M | $4.3M |
8季度趋势，按日历期对齐
经营现金流PDFSVNCE
| Q4 25 | $17.3M | $-5.1M | ||
| Q3 25 | $3.3M | $4.2M | ||
| Q2 25 | $-5.2M | $-11.8M | ||
| Q1 25 | $8.6M | $22.7M | ||
| Q4 24 | $1.6M | $6.4M | ||
| Q3 24 | $9.3M | $-3.2M | ||
| Q2 24 | $684.0K | $-3.9M | ||
| Q1 24 | $-1.9M | $14.8M |
自由现金流PDFSVNCE
| Q4 25 | $7.5M | $-5.7M | ||
| Q3 25 | $-2.9M | $2.1M | ||
| Q2 25 | $-13.8M | $-13.2M | ||
| Q1 25 | $535.0K | $21.2M | ||
| Q4 24 | $-4.0M | $5.1M | ||
| Q3 24 | $5.1M | $-3.9M | ||
| Q2 24 | $-4.6M | $-4.6M | ||
| Q1 24 | $-3.9M | $14.2M |
自由现金流率PDFSVNCE
| Q4 25 | 12.1% | -6.7% | ||
| Q3 25 | -5.1% | 2.9% | ||
| Q2 25 | -26.6% | -22.9% | ||
| Q1 25 | 1.1% | 26.5% | ||
| Q4 24 | -8.0% | 6.4% | ||
| Q3 24 | 11.0% | -5.2% | ||
| Q2 24 | -11.1% | -7.8% | ||
| Q1 24 | -9.4% | 18.9% |
资本支出强度PDFSVNCE
| Q4 25 | 15.7% | 0.7% | ||
| Q3 25 | 10.8% | 2.9% | ||
| Q2 25 | 16.5% | 2.5% | ||
| Q1 25 | 17.0% | 1.9% | ||
| Q4 24 | 11.3% | 1.6% | ||
| Q3 24 | 9.0% | 0.9% | ||
| Q2 24 | 12.8% | 1.3% | ||
| Q1 24 | 4.9% | 0.7% |
现金转化率PDFSVNCE
| Q4 25 | — | -1.86× | ||
| Q3 25 | 2.54× | 0.35× | ||
| Q2 25 | -4.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.98× | 1.48× | ||
| Q3 24 | 4.20× | -5.61× | ||
| Q2 24 | 0.40× | -0.89× | ||
| 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
