vs
null（SWIM）与TACTILE SYSTEMS TECHNOLOGY INC（TCMD）财务数据对比。点击上方公司名可切换其他公司
TACTILE SYSTEMS TECHNOLOGY INC的季度营收约是null的1.0倍（$103.6M vs $100.0M），TACTILE SYSTEMS TECHNOLOGY INC净利率更高（10.3% vs -7.0%，领先17.3%），TACTILE SYSTEMS TECHNOLOGY INC同比增速更快（21.0% vs 14.5%），TACTILE SYSTEMS TECHNOLOGY INC自由现金流更多（$16.8M vs $14.1M），过去两年TACTILE SYSTEMS TECHNOLOGY INC的营收复合增速更高（30.2% vs -4.9%）
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
Dominion Voting Systems Corporation是一家北美企业，在加拿大和美国研发、销售电子投票相关的硬件与软件产品，涵盖投票设备和计票设备等，是该区域电子投票领域的主要供应商之一。
SWIM vs TCMD — 直观对比
营收规模更大
TCMD
是对方的1.0倍
$100.0M
营收增速更快
TCMD
高出6.5%
14.5%
净利率更高
TCMD
高出17.3%
-7.0%
自由现金流更多
TCMD
多$2.7M
$14.1M
两年增速更快
TCMD
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $103.6M |
| 净利润 | $-7.0M | $10.6M |
| 毛利率 | 28.0% | 78.2% |
| 营业利润率 | -10.7% | 18.1% |
| 净利率 | -7.0% | 10.3% |
| 营收同比 | 14.5% | 21.0% |
| 净利润同比 | 76.0% | 9.4% |
| 每股收益（稀释后） | $-0.06 | $0.45 |
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SWIMTCMD
| Q4 25 | $100.0M | $103.6M | ||
| Q3 25 | $161.9M | $85.8M | ||
| Q2 25 | $172.6M | $78.9M | ||
| Q1 25 | $111.4M | $61.3M | ||
| Q4 24 | $87.3M | $85.6M | ||
| Q3 24 | $150.5M | $73.1M | ||
| Q2 24 | $160.1M | $73.2M | ||
| Q1 24 | $110.6M | $61.1M |
净利润SWIMTCMD
| Q4 25 | $-7.0M | $10.6M | ||
| Q3 25 | $8.1M | $8.2M | ||
| Q2 25 | $16.0M | $3.2M | ||
| Q1 25 | $-6.0M | $-3.0M | ||
| Q4 24 | $-29.2M | $9.7M | ||
| Q3 24 | $5.9M | $5.2M | ||
| Q2 24 | $13.3M | $4.3M | ||
| Q1 24 | $-7.9M | $-2.2M |
毛利率SWIMTCMD
| Q4 25 | 28.0% | 78.2% | ||
| Q3 25 | 35.4% | 75.8% | ||
| Q2 25 | 37.1% | 74.5% | ||
| Q1 25 | 29.5% | 74.0% | ||
| Q4 24 | 24.6% | 75.2% | ||
| Q3 24 | 32.4% | 75.0% | ||
| Q2 24 | 33.1% | 73.9% | ||
| Q1 24 | 27.7% | 71.1% |
营业利润率SWIMTCMD
| Q4 25 | -10.7% | 18.1% | ||
| Q3 25 | 13.3% | 12.8% | ||
| Q2 25 | 14.3% | 5.2% | ||
| Q1 25 | -4.4% | -7.4% | ||
| Q4 24 | -14.9% | 14.6% | ||
| Q3 24 | 8.9% | 9.3% | ||
| Q2 24 | 12.5% | 8.0% | ||
| Q1 24 | -1.9% | -4.9% |
净利率SWIMTCMD
| Q4 25 | -7.0% | 10.3% | ||
| Q3 25 | 5.0% | 9.6% | ||
| Q2 25 | 9.3% | 4.1% | ||
| Q1 25 | -5.4% | -4.9% | ||
| Q4 24 | -33.4% | 11.4% | ||
| Q3 24 | 3.9% | 7.1% | ||
| Q2 24 | 8.3% | 5.9% | ||
| Q1 24 | -7.1% | -3.6% |
每股收益（稀释后）SWIMTCMD
| Q4 25 | $-0.06 | $0.45 | ||
| Q3 25 | $0.07 | $0.36 | ||
| Q2 25 | $0.13 | $0.14 | ||
| Q1 25 | $-0.05 | $-0.13 | ||
| Q4 24 | $-0.24 | $0.40 | ||
| Q3 24 | $0.05 | $0.21 | ||
| Q2 24 | $0.11 | $0.18 | ||
| Q1 24 | $-0.07 | $-0.09 |
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 | — | $83.4M |
| 总债务越低越好 | $279.8M | $0 |
| 股东权益账面价值 | $405.9M | $218.9M |
| 总资产 | $823.2M | $273.9M |
| 负债/权益比越低杠杆越低 | 0.69× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资SWIMTCMD
| Q4 25 | — | $83.4M | ||
| Q3 25 | — | $66.0M | ||
| Q2 25 | — | $81.5M | ||
| Q1 25 | — | $83.6M | ||
| Q4 24 | — | $94.4M | ||
| Q3 24 | — | $82.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $60.7M |
总债务SWIMTCMD
| Q4 25 | $279.8M | $0 | ||
| Q3 25 | $281.1M | $0 | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $306.9M | — | ||
| Q4 24 | $281.5M | — | ||
| Q3 24 | $282.8M | $27.0M | ||
| Q2 24 | $282.4M | $27.8M | ||
| Q1 24 | $282.8M | $28.5M |
股东权益SWIMTCMD
| Q4 25 | $405.9M | $218.9M | ||
| Q3 25 | $408.4M | $204.9M | ||
| Q2 25 | $398.4M | $194.9M | ||
| Q1 25 | $381.1M | $205.6M | ||
| Q4 24 | $387.2M | $216.6M | ||
| Q3 24 | $416.6M | $207.9M | ||
| Q2 24 | $408.1M | $200.7M | ||
| Q1 24 | $391.8M | $193.5M |
总资产SWIMTCMD
| Q4 25 | $823.2M | $273.9M | ||
| Q3 25 | $844.4M | $259.2M | ||
| Q2 25 | $822.1M | $273.0M | ||
| Q1 25 | $824.6M | $280.2M | ||
| Q4 24 | $794.2M | $297.9M | ||
| Q3 24 | $853.4M | $287.7M | ||
| Q2 24 | $830.0M | $278.8M | ||
| Q1 24 | $808.6M | $272.0M |
负债/权益比SWIMTCMD
| Q4 25 | 0.69× | 0.00× | ||
| Q3 25 | 0.69× | 0.00× | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.68× | 0.13× | ||
| Q2 24 | 0.69× | 0.14× | ||
| Q1 24 | 0.72× | 0.15× |
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 | $23.3M | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $14.1M | $16.8M |
| 自由现金流率自由现金流/营收 | 14.1% | 16.2% |
| 资本支出强度资本支出/营收 | 9.2% | 0.5% |
| 现金转化率经营现金流/净利润 | — | 1.63× |
| 过去12个月自由现金流最近4个季度 | $38.0M | $40.4M |
8季度趋势，按日历期对齐
经营现金流SWIMTCMD
| Q4 25 | $23.3M | $17.3M | ||
| Q3 25 | $51.0M | $10.3M | ||
| Q2 25 | $36.0M | $14.8M | ||
| Q1 25 | $-46.9M | $417.0K | ||
| Q4 24 | $6.2M | $16.3M | ||
| Q3 24 | $37.2M | $10.3M | ||
| Q2 24 | $52.4M | $13.1M | ||
| Q1 24 | $-34.5M | $924.0K |
自由现金流SWIMTCMD
| Q4 25 | $14.1M | $16.8M | ||
| Q3 25 | $45.2M | $9.2M | ||
| Q2 25 | $29.1M | $14.4M | ||
| Q1 25 | $-50.3M | $38.0K | ||
| Q4 24 | $-98.0K | $15.9M | ||
| Q3 24 | $33.2M | $9.3M | ||
| Q2 24 | $47.9M | $12.6M | ||
| Q1 24 | $-39.9M | $442.0K |
自由现金流率SWIMTCMD
| Q4 25 | 14.1% | 16.2% | ||
| Q3 25 | 27.9% | 10.8% | ||
| Q2 25 | 16.8% | 18.2% | ||
| Q1 25 | -45.2% | 0.1% | ||
| Q4 24 | -0.1% | 18.5% | ||
| Q3 24 | 22.1% | 12.7% | ||
| Q2 24 | 29.9% | 17.3% | ||
| Q1 24 | -36.0% | 0.7% |
资本支出强度SWIMTCMD
| Q4 25 | 9.2% | 0.5% | ||
| Q3 25 | 3.6% | 1.3% | ||
| Q2 25 | 4.0% | 0.5% | ||
| Q1 25 | 3.1% | 0.6% | ||
| Q4 24 | 7.2% | 0.5% | ||
| Q3 24 | 2.7% | 1.3% | ||
| Q2 24 | 2.8% | 0.7% | ||
| Q1 24 | 4.8% | 0.8% |
现金转化率SWIMTCMD
| Q4 25 | — | 1.63× | ||
| Q3 25 | 6.29× | 1.26× | ||
| Q2 25 | 2.25× | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | 6.32× | 1.99× | ||
| Q2 24 | 3.95× | 3.06× | ||
| 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
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
