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PubMatic, Inc.（PUBM）与Resolute Holdings Management, Inc.（RHLD）财务数据对比。点击上方公司名可切换其他公司
Resolute Holdings Management, Inc.的季度营收约是PubMatic, Inc.的1.5倍（$117.7M vs $80.0M），Resolute Holdings Management, Inc.自由现金流更多（$189.2M vs $11.3M）
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。
Resolute Holdings Management, Inc.是一家澳大利亚矿业企业，核心业务布局于非洲地区，目前运营两座金矿，分别为位于马里的 Syama 金矿和塞内加尔的 Mako 金矿，专注于黄金资源的勘探、开采及相关运营管理工作。
PUBM vs RHLD — 直观对比
营收规模更大
RHLD
是对方的1.5倍
$80.0M
自由现金流更多
RHLD
多$178.0M
$11.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $80.0M | $117.7M |
| 净利润 | — | $-1.7M |
| 毛利率 | 68.2% | 55.7% |
| 营业利润率 | 10.6% | 30.2% |
| 净利率 | — | -1.5% |
| 营收同比 | -6.4% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.14 | $-0.20 |
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PUBMRHLD
| Q4 25 | $80.0M | $117.7M | ||
| Q3 25 | $68.0M | $120.9M | ||
| Q2 25 | $71.1M | $119.6M | ||
| Q1 25 | $63.8M | $103.9M | ||
| Q4 24 | $85.5M | — | ||
| Q3 24 | $71.8M | — | ||
| Q2 24 | $67.3M | — | ||
| Q1 24 | $66.7M | — |
净利润PUBMRHLD
| Q4 25 | — | $-1.7M | ||
| Q3 25 | $-6.5M | $-231.0K | ||
| Q2 25 | $-5.2M | $-611.0K | ||
| Q1 25 | $-9.5M | $-3.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-912.0K | — | ||
| Q2 24 | $2.0M | — | ||
| Q1 24 | $-2.5M | — |
毛利率PUBMRHLD
| Q4 25 | 68.2% | 55.7% | ||
| Q3 25 | 62.6% | 59.0% | ||
| Q2 25 | 62.6% | 57.5% | ||
| Q1 25 | 59.9% | 52.5% | ||
| Q4 24 | 70.8% | — | ||
| Q3 24 | 64.5% | — | ||
| Q2 24 | 62.6% | — | ||
| Q1 24 | 61.9% | — |
营业利润率PUBMRHLD
| Q4 25 | 10.6% | 30.2% | ||
| Q3 25 | -12.4% | 34.3% | ||
| Q2 25 | -7.7% | 34.0% | ||
| Q1 25 | -18.6% | 24.7% | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | -1.9% | — | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -8.3% | — |
净利率PUBMRHLD
| Q4 25 | — | -1.5% | ||
| Q3 25 | -9.5% | -0.2% | ||
| Q2 25 | -7.3% | -0.5% | ||
| Q1 25 | -14.9% | -3.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.3% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | -3.7% | — |
每股收益（稀释后）PUBMRHLD
| Q4 25 | $0.14 | $-0.20 | ||
| Q3 25 | $-0.14 | $-0.03 | ||
| Q2 25 | $-0.11 | $-0.07 | ||
| Q1 25 | $-0.20 | $-0.39 | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $-0.02 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-0.05 | — |
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 | $205.5M |
| 总债务越低越好 | — | $169.8M |
| 股东权益账面价值 | $262.6M | $6.5M |
| 总资产 | $680.2M | $333.4M |
| 负债/权益比越低杠杆越低 | — | 26.03× |
8季度趋势，按日历期对齐
现金及短期投资PUBMRHLD
| Q4 25 | $145.5M | $205.5M | ||
| Q3 25 | $136.5M | $148.0M | ||
| Q2 25 | $90.5M | $99.9M | ||
| Q1 25 | $101.8M | $71.0M | ||
| Q4 24 | $100.5M | — | ||
| Q3 24 | $78.9M | — | ||
| Q2 24 | $73.5M | — | ||
| Q1 24 | $80.2M | — |
总债务PUBMRHLD
| Q4 25 | — | $169.8M | ||
| Q3 25 | — | $173.4M | ||
| Q2 25 | — | $177.1M | ||
| Q1 25 | — | $180.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PUBMRHLD
| Q4 25 | $262.6M | $6.5M | ||
| Q3 25 | $245.1M | $10.8M | ||
| Q2 25 | $243.3M | $9.6M | ||
| Q1 25 | $275.6M | $8.9M | ||
| Q4 24 | $277.3M | — | ||
| Q3 24 | $263.2M | — | ||
| Q2 24 | $282.7M | — | ||
| Q1 24 | $288.7M | — |
总资产PUBMRHLD
| Q4 25 | $680.2M | $333.4M | ||
| Q3 25 | $676.2M | $293.2M | ||
| Q2 25 | $675.2M | $253.3M | ||
| Q1 25 | $668.6M | $214.3M | ||
| Q4 24 | $739.5M | — | ||
| Q3 24 | $689.1M | — | ||
| Q2 24 | $673.1M | — | ||
| Q1 24 | $626.2M | — |
负债/权益比PUBMRHLD
| Q4 25 | — | 26.03× | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | — | 18.42× | ||
| Q1 25 | — | 20.38× | ||
| 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 | $18.2M | $196.1M |
| 自由现金流经营现金流 - 资本支出 | $11.3M | $189.2M |
| 自由现金流率自由现金流/营收 | 14.1% | 160.8% |
| 资本支出强度资本支出/营收 | 8.6% | 5.8% |
| 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 | $313.2M |
8季度趋势，按日历期对齐
经营现金流PUBMRHLD
| Q4 25 | $18.2M | $196.1M | ||
| Q3 25 | $32.4M | $59.6M | ||
| Q2 25 | $14.9M | $48.9M | ||
| Q1 25 | $15.6M | $18.4M | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $19.1M | — | ||
| Q2 24 | $11.9M | — | ||
| Q1 24 | $24.3M | — |
自由现金流PUBMRHLD
| Q4 25 | $11.3M | $189.2M | ||
| Q3 25 | $27.7M | $58.6M | ||
| Q2 25 | $13.6M | $47.5M | ||
| Q1 25 | $14.2M | $17.8M | ||
| Q4 24 | $13.7M | — | ||
| Q3 24 | $7.4M | — | ||
| Q2 24 | $11.2M | — | ||
| Q1 24 | $23.5M | — |
自由现金流率PUBMRHLD
| Q4 25 | 14.1% | 160.8% | ||
| Q3 25 | 40.8% | 48.5% | ||
| Q2 25 | 19.1% | 39.7% | ||
| Q1 25 | 22.2% | 17.1% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 16.7% | — | ||
| Q1 24 | 35.2% | — |
资本支出强度PUBMRHLD
| Q4 25 | 8.6% | 5.8% | ||
| Q3 25 | 6.9% | 0.8% | ||
| Q2 25 | 1.9% | 1.2% | ||
| Q1 25 | 2.3% | 0.6% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.2% | — |
现金转化率PUBMRHLD
| 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
