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Side-by-side financial comparison of GLADSTONE LAND Corp (LAND) and IMPINJ INC (PI). Click either name above to swap in a different company.

IMPINJ INC is the larger business by last-quarter revenue ($74.3M vs $41.5M, roughly 1.8× GLADSTONE LAND Corp). IMPINJ INC runs the higher net margin — 11.2% vs 10.2%, a 1.0% gap on every dollar of revenue. On growth, GLADSTONE LAND Corp posted the faster year-over-year revenue change (96.5% vs -0.0%). Over the past eight quarters, GLADSTONE LAND Corp's revenue compounded faster (43.1% CAGR vs -14.9%).

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

Impinj, Inc. is an American manufacturer of radio-frequency identification (RFID) devices and software. The company was founded in 2000 and is headquartered in Seattle, Washington. The company was started based on the research done at the California Institute of Technology by Carver Mead and Chris Diorio. Impinj currently produces EPC Class 1, Gen 2 passive UHF RFID chips, RFID readers, RFID reader chips, and RFID antennas, and software applications for encoding chips, and gathering business ...

LAND vs PI — Head-to-Head

Bigger by revenue
PI
PI
1.8× larger
PI
$74.3M
$41.5M
LAND
Growing faster (revenue YoY)
LAND
LAND
+96.5% gap
LAND
96.5%
-0.0%
PI
Higher net margin
PI
PI
1.0% more per $
PI
11.2%
10.2%
LAND
Faster 2-yr revenue CAGR
LAND
LAND
Annualised
LAND
43.1%
-14.9%
PI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LAND
LAND
PI
PI
Revenue
$41.5M
$74.3M
Net Profit
$4.2M
$8.3M
Gross Margin
49.1%
Operating Margin
30.5%
Net Margin
10.2%
11.2%
Revenue YoY
96.5%
-0.0%
Net Profit YoY
680.0%
EPS (diluted)
$-0.05
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LAND
LAND
PI
PI
Q1 26
$74.3M
Q4 25
$41.5M
$92.8M
Q3 25
$17.8M
$96.1M
Q2 25
$12.3M
$97.9M
Q1 25
$16.8M
$74.3M
Q4 24
$21.1M
$91.6M
Q3 24
$22.6M
$95.2M
Q2 24
$21.3M
$102.5M
Net Profit
LAND
LAND
PI
PI
Q1 26
$8.3M
Q4 25
$4.2M
$-1.1M
Q3 25
$2.1M
$-12.8M
Q2 25
$-7.9M
$11.6M
Q1 25
$15.1M
$-8.5M
Q4 24
$540.0K
$-2.7M
Q3 24
$6.0K
$221.0K
Q2 24
$-823.0K
$10.0M
Gross Margin
LAND
LAND
PI
PI
Q1 26
49.1%
Q4 25
51.8%
Q3 25
50.3%
Q2 25
57.8%
Q1 25
49.4%
Q4 24
50.5%
Q3 24
50.0%
Q2 24
56.1%
Operating Margin
LAND
LAND
PI
PI
Q1 26
30.5%
Q4 25
-2.9%
Q3 25
0.7%
Q2 25
11.1%
Q1 25
-12.9%
Q4 24
-3.9%
Q3 24
-0.8%
Q2 24
8.8%
Net Margin
LAND
LAND
PI
PI
Q1 26
11.2%
Q4 25
10.2%
-1.2%
Q3 25
11.7%
-13.3%
Q2 25
-64.1%
11.8%
Q1 25
89.9%
-11.4%
Q4 24
2.6%
-2.9%
Q3 24
0.0%
0.2%
Q2 24
-3.9%
9.7%
EPS (diluted)
LAND
LAND
PI
PI
Q1 26
$0.14
Q4 25
$-0.05
$-0.02
Q3 25
$-0.11
$-0.44
Q2 25
$-0.38
$0.39
Q1 25
$0.25
$-0.30
Q4 24
$-0.15
$-0.06
Q3 24
$-0.16
$0.01
Q2 24
$-0.19
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LAND
LAND
PI
PI
Cash + ST InvestmentsLiquidity on hand
$27.2M
$131.8M
Total DebtLower is stronger
$473.6M
$241.5M
Stockholders' EquityBook value
$670.3M
Total Assets
$1.2B
$502.5M
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAND
LAND
PI
PI
Q1 26
$131.8M
Q4 25
$27.2M
$175.3M
Q3 25
$11.3M
$190.1M
Q2 25
$30.5M
$193.2M
Q1 25
$42.9M
$147.9M
Q4 24
$18.3M
$164.7M
Q3 24
$13.2M
$170.3M
Q2 24
$49.8M
$220.2M
Total Debt
LAND
LAND
PI
PI
Q1 26
$241.5M
Q4 25
$473.6M
$280.9M
Q3 25
$480.4M
$280.4M
Q2 25
$496.4M
Q1 25
$498.8M
Q4 24
$527.5M
$283.5M
Q3 24
$530.7M
Q2 24
$549.4M
Stockholders' Equity
LAND
LAND
PI
PI
Q1 26
Q4 25
$670.3M
$209.2M
Q3 25
$661.8M
$195.0M
Q2 25
$670.1M
$187.7M
Q1 25
$689.9M
$160.6M
Q4 24
$687.2M
$149.9M
Q3 24
$691.2M
$136.1M
Q2 24
$708.5M
$117.0M
Total Assets
LAND
LAND
PI
PI
Q1 26
$502.5M
Q4 25
$1.2B
$545.2M
Q3 25
$1.2B
$516.5M
Q2 25
$1.3B
$508.8M
Q1 25
$1.3B
$479.8M
Q4 24
$1.3B
$489.1M
Q3 24
$1.3B
$476.4M
Q2 24
$1.4B
$446.1M
Debt / Equity
LAND
LAND
PI
PI
Q1 26
Q4 25
0.71×
1.34×
Q3 25
0.73×
1.44×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
1.89×
Q3 24
0.77×
Q2 24
0.78×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LAND
LAND
PI
PI
Operating Cash FlowLast quarter
$7.0M
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
3.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.66×
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAND
LAND
PI
PI
Q1 26
Q4 25
$7.0M
$15.1M
Q3 25
$-12.0M
$20.9M
Q2 25
$3.9M
$33.9M
Q1 25
$4.5M
$-11.1M
Q4 24
$29.5M
$12.6M
Q3 24
$-1.4M
$10.1M
Q2 24
$15.9M
$45.5M
Free Cash Flow
LAND
LAND
PI
PI
Q1 26
$2.2M
Q4 25
$13.6M
Q3 25
$18.0M
Q2 25
$27.3M
Q1 25
$-13.0M
Q4 24
$8.5M
Q3 24
$4.7M
Q2 24
$44.1M
FCF Margin
LAND
LAND
PI
PI
Q1 26
3.0%
Q4 25
14.7%
Q3 25
18.7%
Q2 25
27.9%
Q1 25
-17.5%
Q4 24
9.3%
Q3 24
4.9%
Q2 24
43.0%
Capex Intensity
LAND
LAND
PI
PI
Q1 26
Q4 25
1.6%
Q3 25
3.1%
Q2 25
6.7%
Q1 25
2.5%
Q4 24
4.5%
Q3 24
5.7%
Q2 24
1.3%
Cash Conversion
LAND
LAND
PI
PI
Q1 26
Q4 25
1.66×
Q3 25
-5.77×
Q2 25
2.93×
Q1 25
0.30×
Q4 24
54.72×
Q3 24
-227.83×
45.56×
Q2 24
4.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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