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ASPEN AEROGELS INC（ASPN）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ASPEN AEROGELS INC的1.8倍（$74.3M vs $41.3M），IMPINJ INC净利率更高（11.2% vs -176.4%，领先187.6%），IMPINJ INC同比增速更快（-0.0% vs -66.4%），ASPEN AEROGELS INC自由现金流更多（$13.7M vs $2.2M），过去两年IMPINJ INC的营收复合增速更高（-14.9% vs -33.9%）
Aspen Aerogels Inc是全球领先的气凝胶基高性能隔热及热管理材料生产商，产品广泛应用于可再生能源、油气基础设施、航空航天、商业建筑与工业制造领域，核心市场覆盖北美、欧洲及亚太地区，旗下材料以优异的耐热性、防火性能和轻量化特性广受客户认可。
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。
ASPN vs PI — 直观对比
营收规模更大
PI
是对方的1.8倍
$41.3M
营收增速更快
PI
高出66.4%
-66.4%
净利率更高
PI
高出187.6%
-176.4%
自由现金流更多
ASPN
多$11.4M
$2.2M
两年增速更快
PI
近两年复合增速
-33.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $41.3M | $74.3M |
| 净利润 | $-72.9M | $8.3M |
| 毛利率 | -55.5% | 49.1% |
| 营业利润率 | -170.3% | 30.5% |
| 净利率 | -176.4% | 11.2% |
| 营收同比 | -66.4% | -0.0% |
| 净利润同比 | -741.7% | — |
| 每股收益（稀释后） | $-0.87 | $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ASPNPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $41.3M | $92.8M | ||
| Q3 25 | $73.0M | $96.1M | ||
| Q2 25 | $78.0M | $97.9M | ||
| Q1 25 | $78.7M | $74.3M | ||
| Q4 24 | $123.1M | $91.6M | ||
| Q3 24 | $117.3M | $95.2M | ||
| Q2 24 | $117.8M | $102.5M |
净利润ASPNPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-72.9M | $-1.1M | ||
| Q3 25 | $-6.3M | $-12.8M | ||
| Q2 25 | $-9.1M | $11.6M | ||
| Q1 25 | $-301.2M | $-8.5M | ||
| Q4 24 | $11.4M | $-2.7M | ||
| Q3 24 | $-13.0M | $221.0K | ||
| Q2 24 | $16.8M | $10.0M |
毛利率ASPNPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | -55.5% | 51.8% | ||
| Q3 25 | 28.5% | 50.3% | ||
| Q2 25 | 32.4% | 57.8% | ||
| Q1 25 | 29.0% | 49.4% | ||
| Q4 24 | 38.3% | 50.5% | ||
| Q3 24 | 41.8% | 50.0% | ||
| Q2 24 | 43.8% | 56.1% |
营业利润率ASPNPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | -170.3% | -2.9% | ||
| Q3 25 | -4.6% | 0.7% | ||
| Q2 25 | -6.6% | 11.1% | ||
| Q1 25 | -380.2% | -12.9% | ||
| Q4 24 | 12.0% | -3.9% | ||
| Q3 24 | 14.8% | -0.8% | ||
| Q2 24 | 17.0% | 8.8% |
净利率ASPNPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | -176.4% | -1.2% | ||
| Q3 25 | -8.7% | -13.3% | ||
| Q2 25 | -11.6% | 11.8% | ||
| Q1 25 | -382.7% | -11.4% | ||
| Q4 24 | 9.2% | -2.9% | ||
| Q3 24 | -11.1% | 0.2% | ||
| Q2 24 | 14.3% | 9.7% |
每股收益（稀释后）ASPNPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.87 | $-0.02 | ||
| Q3 25 | $-0.08 | $-0.44 | ||
| Q2 25 | $-0.11 | $0.39 | ||
| Q1 25 | $-3.67 | $-0.30 | ||
| Q4 24 | $0.15 | $-0.06 | ||
| Q3 24 | $-0.17 | $0.01 | ||
| Q2 24 | $0.21 | $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 | $156.9M | $131.8M |
| 总债务越低越好 | $65.5M | $241.5M |
| 股东权益账面价值 | $235.5M | — |
| 总资产 | $406.7M | $502.5M |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资ASPNPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $156.9M | $175.3M | ||
| Q3 25 | $150.7M | $190.1M | ||
| Q2 25 | $167.6M | $193.2M | ||
| Q1 25 | $192.0M | $147.9M | ||
| Q4 24 | $220.9M | $164.7M | ||
| Q3 24 | $113.5M | $170.3M | ||
| Q2 24 | $91.4M | $220.2M |
总债务ASPNPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $65.5M | $280.9M | ||
| Q3 25 | $70.1M | $280.4M | ||
| Q2 25 | $77.3M | — | ||
| Q1 25 | $95.4M | — | ||
| Q4 24 | $95.0M | $283.5M | ||
| Q3 24 | $93.7M | — | ||
| Q2 24 | — | — |
股东权益ASPNPI
| Q1 26 | — | — | ||
| Q4 25 | $235.5M | $209.2M | ||
| Q3 25 | $305.7M | $195.0M | ||
| Q2 25 | $308.8M | $187.7M | ||
| Q1 25 | $314.8M | $160.6M | ||
| Q4 24 | $614.7M | $149.9M | ||
| Q3 24 | $507.6M | $136.1M | ||
| Q2 24 | $517.8M | $117.0M |
总资产ASPNPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $406.7M | $545.2M | ||
| Q3 25 | $491.4M | $516.5M | ||
| Q2 25 | $525.1M | $508.8M | ||
| Q1 25 | $555.0M | $479.8M | ||
| Q4 24 | $895.1M | $489.1M | ||
| Q3 24 | $782.6M | $476.4M | ||
| Q2 24 | $748.6M | $446.1M |
负债/权益比ASPNPI
| Q1 26 | — | — | ||
| Q4 25 | 0.28× | 1.34× | ||
| Q3 25 | 0.23× | 1.44× | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.15× | 1.89× | ||
| Q3 24 | 0.18× | — | ||
| 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 | $16.1M | — |
| 自由现金流经营现金流 - 资本支出 | $13.7M | $2.2M |
| 自由现金流率自由现金流/营收 | 33.1% | 3.0% |
| 资本支出强度资本支出/营收 | 6.0% | — |
| 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 | $-4.6M | $61.1M |
8季度趋势，按日历期对齐
经营现金流ASPNPI
| Q1 26 | — | — | ||
| Q4 25 | $16.1M | $15.1M | ||
| Q3 25 | $15.0M | $20.9M | ||
| Q2 25 | $-3.9M | $33.9M | ||
| Q1 25 | $5.6M | $-11.1M | ||
| Q4 24 | $35.7M | $12.6M | ||
| Q3 24 | $20.8M | $10.1M | ||
| Q2 24 | $6.8M | $45.5M |
自由现金流ASPNPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $13.7M | $13.6M | ||
| Q3 25 | $5.9M | $18.0M | ||
| Q2 25 | $-16.8M | $27.3M | ||
| Q1 25 | $-7.4M | $-13.0M | ||
| Q4 24 | $20.9M | $8.5M | ||
| Q3 24 | $-50.0K | $4.7M | ||
| Q2 24 | $-18.0M | $44.1M |
自由现金流率ASPNPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | 33.1% | 14.7% | ||
| Q3 25 | 8.1% | 18.7% | ||
| Q2 25 | -21.6% | 27.9% | ||
| Q1 25 | -9.4% | -17.5% | ||
| Q4 24 | 17.0% | 9.3% | ||
| Q3 24 | -0.0% | 4.9% | ||
| Q2 24 | -15.3% | 43.0% |
资本支出强度ASPNPI
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 1.6% | ||
| Q3 25 | 12.5% | 3.1% | ||
| Q2 25 | 16.5% | 6.7% | ||
| Q1 25 | 16.5% | 2.5% | ||
| Q4 24 | 12.0% | 4.5% | ||
| Q3 24 | 17.7% | 5.7% | ||
| Q2 24 | 21.1% | 1.3% |
现金转化率ASPNPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.14× | — | ||
| Q3 24 | — | 45.56× | ||
| Q2 24 | 0.41× | 4.56× |
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
ASPN
| Energy Industrial | $14.5M | 35% |
| Other | $13.9M | 34% |
| Thermal Barrier | $12.9M | 31% |
PI
暂无分部数据
