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AIR LEASE CORP（AL）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
AIR LEASE CORP的季度营收约是IMPINJ INC的1.9倍（$140.8M vs $74.3M），AIR LEASE CORP净利率更高（128.5% vs 11.2%，领先117.3%），AIR LEASE CORP同比增速更快（90.4% vs -0.0%），AIR LEASE CORP自由现金流更多（$342.1M vs $2.2M），过去两年AIR LEASE CORP的营收复合增速更高（69.6% vs -14.9%）
航空租赁公司（ALC）是2010年成立的美国飞机租赁企业，由史蒂文·F·乌德瓦-哈齐执掌运营。公司直接向波音、空客、巴航工业、ATR采购全新商用飞机，为全球各地航空公司客户提供专业的飞机租赁及融资服务。
Impinj Inc.是一家美国射频识别（RFID）设备及软件提供商，成立于2000年，总部位于华盛顿州西雅图，源自加州理工学院Carver Mead与Chris Diorio的研究成果。公司主营EPC Class 1 Gen 2无源超高频RFID芯片、读写器、读写器芯片、天线，以及芯片编码、业务数据采集相关的软件应用，为各行业RFID应用提供全链路产品支持。
AL vs PI — 直观对比
营收规模更大
AL
是对方的1.9倍
$74.3M
营收增速更快
AL
高出90.5%
-0.0%
净利率更高
AL
高出117.3%
11.2%
自由现金流更多
AL
多$339.9M
$2.2M
两年增速更快
AL
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $140.8M | $74.3M |
| 净利润 | $180.9M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | — | 30.5% |
| 净利率 | 128.5% | 11.2% |
| 营收同比 | 90.4% | -0.0% |
| 净利润同比 | 60.2% | — |
| 每股收益（稀释后） | $1.49 | $0.14 |
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ALPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $140.8M | $92.8M | ||
| Q3 25 | $44.5M | $96.1M | ||
| Q2 25 | $53.0M | $97.9M | ||
| Q1 25 | $92.9M | $74.3M | ||
| Q4 24 | $74.0M | $91.6M | ||
| Q3 24 | $65.0M | $95.2M | ||
| Q2 24 | $57.8M | $102.5M |
净利润ALPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $180.9M | $-1.1M | ||
| Q3 25 | $146.5M | $-12.8M | ||
| Q2 25 | $385.2M | $11.6M | ||
| Q1 25 | $375.8M | $-8.5M | ||
| Q4 24 | $112.9M | $-2.7M | ||
| Q3 24 | $104.0M | $221.0K | ||
| Q2 24 | $102.9M | $10.0M |
毛利率ALPI
| 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% |
营业利润率ALPI
| 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% |
净利率ALPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 128.5% | -1.2% | ||
| Q3 25 | 329.2% | -13.3% | ||
| Q2 25 | 726.9% | 11.8% | ||
| Q1 25 | 404.5% | -11.4% | ||
| Q4 24 | 152.7% | -2.9% | ||
| Q3 24 | 160.0% | 0.2% | ||
| Q2 24 | 178.2% | 9.7% |
每股收益（稀释后）ALPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $1.49 | $-0.02 | ||
| Q3 25 | $1.21 | $-0.44 | ||
| Q2 25 | $3.33 | $0.39 | ||
| Q1 25 | $3.26 | $-0.30 | ||
| Q4 24 | $0.83 | $-0.06 | ||
| Q3 24 | $0.82 | $0.01 | ||
| Q2 24 | $0.81 | $0.34 |
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 | $466.4M | $131.8M |
| 总债务越低越好 | $19.7B | $241.5M |
| 股东权益账面价值 | $8.5B | — |
| 总资产 | $32.9B | $502.5M |
| 负债/权益比越低杠杆越低 | 2.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $466.4M | $175.3M | ||
| Q3 25 | $452.2M | $190.1M | ||
| Q2 25 | $454.8M | $193.2M | ||
| Q1 25 | $456.6M | $147.9M | ||
| Q4 24 | $472.6M | $164.7M | ||
| Q3 24 | $460.8M | $170.3M | ||
| Q2 24 | $454.1M | $220.2M |
总债务ALPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $19.7B | $280.9M | ||
| Q3 25 | $20.2B | $280.4M | ||
| Q2 25 | $20.3B | — | ||
| Q1 25 | $19.9B | — | ||
| Q4 24 | $20.2B | $283.5M | ||
| Q3 24 | $20.2B | — | ||
| Q2 24 | $19.7B | — |
股东权益ALPI
| Q1 26 | — | — | ||
| Q4 25 | $8.5B | $209.2M | ||
| Q3 25 | $8.3B | $195.0M | ||
| Q2 25 | $8.2B | $187.7M | ||
| Q1 25 | $7.9B | $160.6M | ||
| Q4 24 | $7.5B | $149.9M | ||
| Q3 24 | $7.7B | $136.1M | ||
| Q2 24 | $7.3B | $117.0M |
总资产ALPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $32.9B | $545.2M | ||
| Q3 25 | $33.4B | $516.5M | ||
| Q2 25 | $33.3B | $508.8M | ||
| Q1 25 | $32.4B | $479.8M | ||
| Q4 24 | $32.3B | $489.1M | ||
| Q3 24 | $32.2B | $476.4M | ||
| Q2 24 | $31.0B | $446.1M |
负债/权益比ALPI
| Q1 26 | — | — | ||
| Q4 25 | 2.33× | 1.34× | ||
| Q3 25 | 2.42× | 1.44× | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.53× | — | ||
| Q4 24 | 2.68× | 1.89× | ||
| Q3 24 | 2.63× | — | ||
| Q2 24 | 2.69× | — |
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 | $414.1M | — |
| 自由现金流经营现金流 - 资本支出 | $342.1M | $2.2M |
| 自由现金流率自由现金流/营收 | 242.9% | 3.0% |
| 资本支出强度资本支出/营收 | 51.1% | — |
| 现金转化率经营现金流/净利润 | 2.29× | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | $61.1M |
8季度趋势，按日历期对齐
经营现金流ALPI
| Q1 26 | — | — | ||
| Q4 25 | $414.1M | $15.1M | ||
| Q3 25 | $458.6M | $20.9M | ||
| Q2 25 | $473.6M | $33.9M | ||
| Q1 25 | $388.3M | $-11.1M | ||
| Q4 24 | $430.0M | $12.6M | ||
| Q3 24 | $461.9M | $10.1M | ||
| Q2 24 | $413.8M | $45.5M |
自由现金流ALPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $342.1M | $13.6M | ||
| Q3 25 | $412.3M | $18.0M | ||
| Q2 25 | $427.1M | $27.3M | ||
| Q1 25 | $315.5M | $-13.0M | ||
| Q4 24 | $326.8M | $8.5M | ||
| Q3 24 | $369.8M | $4.7M | ||
| Q2 24 | $346.4M | $44.1M |
自由现金流率ALPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | 242.9% | 14.7% | ||
| Q3 25 | 926.6% | 18.7% | ||
| Q2 25 | 806.0% | 27.9% | ||
| Q1 25 | 339.5% | -17.5% | ||
| Q4 24 | 441.8% | 9.3% | ||
| Q3 24 | 569.1% | 4.9% | ||
| Q2 24 | 599.5% | 43.0% |
资本支出强度ALPI
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | 1.6% | ||
| Q3 25 | 104.1% | 3.1% | ||
| Q2 25 | 87.8% | 6.7% | ||
| Q1 25 | 78.4% | 2.5% | ||
| Q4 24 | 139.6% | 4.5% | ||
| Q3 24 | 141.7% | 5.7% | ||
| Q2 24 | 116.7% | 1.3% |
现金转化率ALPI
| Q1 26 | — | — | ||
| Q4 25 | 2.29× | — | ||
| Q3 25 | 3.13× | — | ||
| Q2 25 | 1.23× | 2.93× | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 3.81× | — | ||
| Q3 24 | 4.44× | 45.56× | ||
| Q2 24 | 4.02× | 4.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
