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Alexander & Baldwin, Inc.（ALEX）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
IMPINJ INC的季度营收约是Alexander & Baldwin, Inc.的1.5倍（$74.3M vs $51.0M），IMPINJ INC净利率更高（11.2% vs 7.4%，领先3.8%），IMPINJ INC同比增速更快（-0.0% vs -18.4%），Alexander & Baldwin, Inc.自由现金流更多（$27.3M vs $2.2M），过去两年Alexander & Baldwin, Inc.的营收复合增速更高（-8.7% vs -14.9%）
亚历山大-鲍德温公司是一家美国企业，曾是夏威夷领地时期五大财团之一，也是五大财团中最晚停止甘蔗种植的企业。目前公司主营房地产开发、土地运营以及建材与建筑业务，截至2020年，该公司是夏威夷最大的私人土地持有者之一，在当地拥有超2.8万英亩土地，运营着36处收益性物业。
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。
ALEX vs PI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $51.0M | $74.3M |
| 净利润 | $3.8M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | 17.1% | 30.5% |
| 净利率 | 7.4% | 11.2% |
| 营收同比 | -18.4% | -0.0% |
| 净利润同比 | -69.7% | — |
| 每股收益（稀释后） | $0.05 | $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
| Q1 26 | — | $74.3M | ||
| Q4 25 | $51.0M | $92.8M | ||
| Q3 25 | $50.2M | $96.1M | ||
| Q2 25 | $51.7M | $97.9M | ||
| Q1 25 | $53.7M | $74.3M | ||
| Q4 24 | $62.4M | $91.6M | ||
| Q3 24 | $61.9M | $95.2M | ||
| Q2 24 | $51.0M | $102.5M |
| Q1 26 | — | $8.3M | ||
| Q4 25 | $3.8M | $-1.1M | ||
| Q3 25 | $14.3M | $-12.8M | ||
| Q2 25 | $25.1M | $11.6M | ||
| Q1 25 | $21.4M | $-8.5M | ||
| Q4 24 | $12.4M | $-2.7M | ||
| Q3 24 | $19.0M | $221.0K | ||
| Q2 24 | $9.1M | $10.0M |
| 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% |
| Q1 26 | — | 30.5% | ||
| Q4 25 | 17.1% | -2.9% | ||
| Q3 25 | 38.2% | 0.7% | ||
| Q2 25 | 54.4% | 11.1% | ||
| Q1 25 | 44.6% | -12.9% | ||
| Q4 24 | 28.3% | -3.9% | ||
| Q3 24 | 35.6% | -0.8% | ||
| Q2 24 | 31.8% | 8.8% |
| Q1 26 | — | 11.2% | ||
| Q4 25 | 7.4% | -1.2% | ||
| Q3 25 | 28.5% | -13.3% | ||
| Q2 25 | 48.6% | 11.8% | ||
| Q1 25 | 39.9% | -11.4% | ||
| Q4 24 | 19.9% | -2.9% | ||
| Q3 24 | 30.7% | 0.2% | ||
| Q2 24 | 17.8% | 9.7% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.05 | $-0.02 | ||
| Q3 25 | $0.20 | $-0.44 | ||
| Q2 25 | $0.35 | $0.39 | ||
| Q1 25 | $0.29 | $-0.30 | ||
| Q4 24 | $0.16 | $-0.06 | ||
| Q3 24 | $0.26 | $0.01 | ||
| Q2 24 | $0.13 | $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 | $11.3M | $131.8M |
| 总债务越低越好 | $491.6M | $241.5M |
| 股东权益账面价值 | $987.2M | — |
| 总资产 | $1.7B | $502.5M |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $131.8M | ||
| Q4 25 | $11.3M | $175.3M | ||
| Q3 25 | $17.3M | $190.1M | ||
| Q2 25 | $8.6M | $193.2M | ||
| Q1 25 | $16.9M | $147.9M | ||
| Q4 24 | $33.4M | $164.7M | ||
| Q3 24 | $17.9M | $170.3M | ||
| Q2 24 | $29.5M | $220.2M |
| Q1 26 | — | $241.5M | ||
| Q4 25 | $491.6M | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $474.8M | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $987.2M | $209.2M | ||
| Q3 25 | $1.0B | $195.0M | ||
| Q2 25 | $1.0B | $187.7M | ||
| Q1 25 | $1.0B | $160.6M | ||
| Q4 24 | $1.0B | $149.9M | ||
| Q3 24 | $998.2M | $136.1M | ||
| Q2 24 | $1.0B | $117.0M |
| Q1 26 | — | $502.5M | ||
| Q4 25 | $1.7B | $545.2M | ||
| Q3 25 | $1.7B | $516.5M | ||
| Q2 25 | $1.6B | $508.8M | ||
| Q1 25 | $1.6B | $479.8M | ||
| Q4 24 | $1.7B | $489.1M | ||
| Q3 24 | $1.7B | $476.4M | ||
| Q2 24 | $1.6B | $446.1M |
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.47× | 1.89× | ||
| Q3 24 | — | — | ||
| Q2 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 | $79.5M | — |
| 自由现金流经营现金流 - 资本支出 | $27.3M | $2.2M |
| 自由现金流率自由现金流/营收 | 53.5% | 3.0% |
| 资本支出强度资本支出/营收 | 102.4% | — |
| 现金转化率经营现金流/净利润 | 21.06× | — |
| 过去12个月自由现金流最近4个季度 | $57.2M | $61.1M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $79.5M | $15.1M | ||
| Q3 25 | $24.5M | $20.9M | ||
| Q2 25 | $16.5M | $33.9M | ||
| Q1 25 | $26.0M | $-11.1M | ||
| Q4 24 | $98.0M | $12.6M | ||
| Q3 24 | $35.3M | $10.1M | ||
| Q2 24 | $22.3M | $45.5M |
| Q1 26 | — | $2.2M | ||
| Q4 25 | $27.3M | $13.6M | ||
| Q3 25 | $-3.7M | $18.0M | ||
| Q2 25 | $11.8M | $27.3M | ||
| Q1 25 | $21.8M | $-13.0M | ||
| Q4 24 | $77.0M | $8.5M | ||
| Q3 24 | $31.4M | $4.7M | ||
| Q2 24 | $18.0M | $44.1M |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 53.5% | 14.7% | ||
| Q3 25 | -7.4% | 18.7% | ||
| Q2 25 | 22.8% | 27.9% | ||
| Q1 25 | 40.6% | -17.5% | ||
| Q4 24 | 123.4% | 9.3% | ||
| Q3 24 | 50.8% | 4.9% | ||
| Q2 24 | 35.3% | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 102.4% | 1.6% | ||
| Q3 25 | 56.1% | 3.1% | ||
| Q2 25 | 9.1% | 6.7% | ||
| Q1 25 | 7.8% | 2.5% | ||
| Q4 24 | 33.5% | 4.5% | ||
| Q3 24 | 6.2% | 5.7% | ||
| Q2 24 | 8.4% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 21.06× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 0.66× | 2.93× | ||
| Q1 25 | 1.21× | — | ||
| Q4 24 | 7.88× | — | ||
| Q3 24 | 1.86× | 45.56× | ||
| Q2 24 | 2.45× | 4.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
