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PubMatic, Inc.（PUBM）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
PubMatic, Inc.的季度营收约是READING INTERNATIONAL INC的1.6倍（$80.0M vs $50.3M），PubMatic, Inc.同比增速更快（-6.4% vs -14.2%），PubMatic, Inc.自由现金流更多（$11.3M vs $4.1M），过去两年PubMatic, Inc.的营收复合增速更高（9.5% vs 5.6%）
PubMatic是一家面向数字出版与广告行业的科技企业，核心开发供应端实时程序化广告交易系统，依托自动化技术连接网站、视频、移动端应用的出版商与广告买家，同时支持用户选择不共享个人信息，目前在全球多国设有办公网点。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
PUBM vs RDI — 直观对比
营收规模更大
PUBM
是对方的1.6倍
$50.3M
营收增速更快
PUBM
高出7.8%
-14.2%
自由现金流更多
PUBM
多$7.1M
$4.1M
两年增速更快
PUBM
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $80.0M | $50.3M |
| 净利润 | — | $-2.6M |
| 毛利率 | 68.2% | — |
| 营业利润率 | 10.6% | -1.9% |
| 净利率 | — | -5.1% |
| 营收同比 | -6.4% | -14.2% |
| 净利润同比 | — | -14.5% |
| 每股收益（稀释后） | $0.14 | $-0.11 |
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PUBMRDI
| Q4 25 | $80.0M | $50.3M | ||
| Q3 25 | $68.0M | $52.2M | ||
| Q2 25 | $71.1M | $60.4M | ||
| Q1 25 | $63.8M | $40.2M | ||
| Q4 24 | $85.5M | $58.6M | ||
| Q3 24 | $71.8M | $60.1M | ||
| Q2 24 | $67.3M | $46.8M | ||
| Q1 24 | $66.7M | $45.1M |
净利润PUBMRDI
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-6.5M | $-4.2M | ||
| Q2 25 | $-5.2M | $-2.7M | ||
| Q1 25 | $-9.5M | $-4.8M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | $-912.0K | $-7.0M | ||
| Q2 24 | $2.0M | $-12.8M | ||
| Q1 24 | $-2.5M | $-13.2M |
毛利率PUBMRDI
| Q4 25 | 68.2% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 59.9% | — | ||
| Q4 24 | 70.8% | — | ||
| Q3 24 | 64.5% | — | ||
| Q2 24 | 62.6% | — | ||
| Q1 24 | 61.9% | — |
营业利润率PUBMRDI
| Q4 25 | 10.6% | -1.9% | ||
| Q3 25 | -12.4% | -0.6% | ||
| Q2 25 | -7.7% | 4.8% | ||
| Q1 25 | -18.6% | -17.2% | ||
| Q4 24 | 17.3% | 2.6% | ||
| Q3 24 | -1.9% | -0.6% | ||
| Q2 24 | -5.9% | -16.4% | ||
| Q1 24 | -8.3% | -16.7% |
净利率PUBMRDI
| Q4 25 | — | -5.1% | ||
| Q3 25 | -9.5% | -8.0% | ||
| Q2 25 | -7.3% | -4.4% | ||
| Q1 25 | -14.9% | -11.8% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | -1.3% | -11.7% | ||
| Q2 24 | 2.9% | -27.4% | ||
| Q1 24 | -3.7% | -29.4% |
每股收益（稀释后）PUBMRDI
| Q4 25 | $0.14 | $-0.11 | ||
| Q3 25 | $-0.14 | $-0.18 | ||
| Q2 25 | $-0.11 | $-0.12 | ||
| Q1 25 | $-0.20 | $-0.21 | ||
| Q4 24 | $0.26 | $-0.11 | ||
| Q3 24 | $-0.02 | $-0.31 | ||
| Q2 24 | $0.04 | $-0.57 | ||
| Q1 24 | $-0.05 | $-0.59 |
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 | $145.5M | $10.5M |
| 总债务越低越好 | — | $185.1M |
| 股东权益账面价值 | $262.6M | $-18.2M |
| 总资产 | $680.2M | $434.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PUBMRDI
| Q4 25 | $145.5M | $10.5M | ||
| Q3 25 | $136.5M | $8.1M | ||
| Q2 25 | $90.5M | $9.1M | ||
| Q1 25 | $101.8M | $5.9M | ||
| Q4 24 | $100.5M | $12.4M | ||
| Q3 24 | $78.9M | $10.1M | ||
| Q2 24 | $73.5M | $9.3M | ||
| Q1 24 | $80.2M | $7.5M |
总债务PUBMRDI
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PUBMRDI
| Q4 25 | $262.6M | $-18.2M | ||
| Q3 25 | $245.1M | $-12.1M | ||
| Q2 25 | $243.3M | $-7.7M | ||
| Q1 25 | $275.6M | $-8.1M | ||
| Q4 24 | $277.3M | $-4.4M | ||
| Q3 24 | $263.2M | $1.6M | ||
| Q2 24 | $282.7M | $6.5M | ||
| Q1 24 | $288.7M | $18.0M |
总资产PUBMRDI
| Q4 25 | $680.2M | $434.9M | ||
| Q3 25 | $676.2M | $435.2M | ||
| Q2 25 | $675.2M | $438.1M | ||
| Q1 25 | $668.6M | $441.0M | ||
| Q4 24 | $739.5M | $471.0M | ||
| Q3 24 | $689.1M | $495.7M | ||
| Q2 24 | $673.1M | $494.9M | ||
| Q1 24 | $626.2M | $494.9M |
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 | $18.2M | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $11.3M | $4.1M |
| 自由现金流率自由现金流/营收 | 14.1% | 8.2% |
| 资本支出强度资本支出/营收 | 8.6% | 0.3% |
| 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 | $66.7M | $-2.9M |
8季度趋势，按日历期对齐
经营现金流PUBMRDI
| Q4 25 | $18.2M | $4.3M | ||
| Q3 25 | $32.4M | $295.0K | ||
| Q2 25 | $14.9M | $1.6M | ||
| Q1 25 | $15.6M | $-7.7M | ||
| Q4 24 | $18.0M | $8.0M | ||
| Q3 24 | $19.1M | $1.3M | ||
| Q2 24 | $11.9M | $-10.4M | ||
| Q1 24 | $24.3M | $-2.8M |
自由现金流PUBMRDI
| Q4 25 | $11.3M | $4.1M | ||
| Q3 25 | $27.7M | $-246.0K | ||
| Q2 25 | $13.6M | $1.2M | ||
| Q1 25 | $14.2M | $-8.0M | ||
| Q4 24 | $13.7M | $7.0M | ||
| Q3 24 | $7.4M | $-1.1M | ||
| Q2 24 | $11.2M | $-10.6M | ||
| Q1 24 | $23.5M | $-4.7M |
自由现金流率PUBMRDI
| Q4 25 | 14.1% | 8.2% | ||
| Q3 25 | 40.8% | -0.5% | ||
| Q2 25 | 19.1% | 1.9% | ||
| Q1 25 | 22.2% | -19.8% | ||
| Q4 24 | 16.1% | 12.0% | ||
| Q3 24 | 10.3% | -1.8% | ||
| Q2 24 | 16.7% | -22.7% | ||
| Q1 24 | 35.2% | -10.4% |
资本支出强度PUBMRDI
| Q4 25 | 8.6% | 0.3% | ||
| Q3 25 | 6.9% | 1.0% | ||
| Q2 25 | 1.9% | 0.6% | ||
| Q1 25 | 2.3% | 0.6% | ||
| Q4 24 | 5.1% | 1.7% | ||
| Q3 24 | 16.3% | 4.0% | ||
| Q2 24 | 1.1% | 0.5% | ||
| Q1 24 | 1.2% | 4.3% |
现金转化率PUBMRDI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | — | ||
| 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
PUBM
暂无分部数据
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
