vs
Bank First Corp（BFC）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Bank First Corp的1.7倍（$74.3M vs $44.9M），Bank First Corp净利率更高（45.8% vs 11.2%，领先34.6%），Bank First Corp同比增速更快（12.1% vs -0.0%），Bank First Corp自由现金流更多（$51.0M vs $2.2M），过去两年Bank First Corp的营收复合增速更高（9.1% vs -14.9%）
First Horizon Corporation（前身为田纳西第一银行）是一家成立于1864年、总部位于美国田纳西州孟菲斯的金融服务企业。通过旗下子公司First Horizon银行，其业务覆盖美国东南部12个州，是该区域第四大区域性银行。
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。
BFC vs PI — 直观对比
营收规模更大
PI
是对方的1.7倍
$44.9M
营收增速更快
BFC
高出12.1%
-0.0%
净利率更高
BFC
高出34.6%
11.2%
自由现金流更多
BFC
多$48.8M
$2.2M
两年增速更快
BFC
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $44.9M | $74.3M |
| 净利润 | $18.4M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | 51.0% | 30.5% |
| 净利率 | 45.8% | 11.2% |
| 营收同比 | 12.1% | -0.0% |
| 净利润同比 | 4.8% | — |
| 每股收益（稀释后） | $1.87 | $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BFCPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $44.9M | $92.8M | ||
| Q3 25 | $44.2M | $96.1M | ||
| Q2 25 | $41.6M | $97.9M | ||
| Q1 25 | $43.1M | $74.3M | ||
| Q4 24 | $40.1M | $91.6M | ||
| Q3 24 | $40.8M | $95.2M | ||
| Q2 24 | $38.9M | $102.5M |
净利润BFCPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $18.4M | $-1.1M | ||
| Q3 25 | $18.0M | $-12.8M | ||
| Q2 25 | $16.9M | $11.6M | ||
| Q1 25 | $18.2M | $-8.5M | ||
| Q4 24 | $17.5M | $-2.7M | ||
| Q3 24 | $16.6M | $221.0K | ||
| Q2 24 | $16.1M | $10.0M |
毛利率BFCPI
| 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BFCPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | 51.0% | -2.9% | ||
| Q3 25 | 50.8% | 0.7% | ||
| Q2 25 | 49.7% | 11.1% | ||
| Q1 25 | 51.3% | -12.9% | ||
| Q4 24 | 54.4% | -3.9% | ||
| Q3 24 | 50.7% | -0.8% | ||
| Q2 24 | 51.0% | 8.8% |
净利率BFCPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 45.8% | -1.2% | ||
| Q3 25 | 40.7% | -13.3% | ||
| Q2 25 | 40.5% | 11.8% | ||
| Q1 25 | 42.3% | -11.4% | ||
| Q4 24 | 49.3% | -2.9% | ||
| Q3 24 | 40.6% | 0.2% | ||
| Q2 24 | 41.3% | 9.7% |
每股收益（稀释后）BFCPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $1.87 | $-0.02 | ||
| Q3 25 | $1.83 | $-0.44 | ||
| Q2 25 | $1.71 | $0.39 | ||
| Q1 25 | $1.82 | $-0.30 | ||
| Q4 24 | $1.75 | $-0.06 | ||
| Q3 24 | $1.65 | $0.01 | ||
| Q2 24 | $1.59 | $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 | $243.2M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $643.8M | — |
| 总资产 | $4.5B | $502.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BFCPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $243.2M | $175.3M | ||
| Q3 25 | $126.2M | $190.1M | ||
| Q2 25 | $120.3M | $193.2M | ||
| Q1 25 | $300.9M | $147.9M | ||
| Q4 24 | $261.3M | $164.7M | ||
| Q3 24 | $204.4M | $170.3M | ||
| Q2 24 | $99.0M | $220.2M |
总债务BFCPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BFCPI
| Q1 26 | — | — | ||
| Q4 25 | $643.8M | $209.2M | ||
| Q3 25 | $628.1M | $195.0M | ||
| Q2 25 | $612.3M | $187.7M | ||
| Q1 25 | $648.4M | $160.6M | ||
| Q4 24 | $639.7M | $149.9M | ||
| Q3 24 | $628.9M | $136.1M | ||
| Q2 24 | $614.6M | $117.0M |
总资产BFCPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $4.5B | $545.2M | ||
| Q3 25 | $4.4B | $516.5M | ||
| Q2 25 | $4.4B | $508.8M | ||
| Q1 25 | $4.5B | $479.8M | ||
| Q4 24 | $4.5B | $489.1M | ||
| Q3 24 | $4.3B | $476.4M | ||
| Q2 24 | $4.1B | $446.1M |
负债/权益比BFCPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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 | $62.5M | — |
| 自由现金流经营现金流 - 资本支出 | $51.0M | $2.2M |
| 自由现金流率自由现金流/营收 | 113.6% | 3.0% |
| 资本支出强度资本支出/营收 | 25.5% | — |
| 现金转化率经营现金流/净利润 | 3.40× | — |
| 过去12个月自由现金流最近4个季度 | $75.8M | $61.1M |
8季度趋势，按日历期对齐
经营现金流BFCPI
| Q1 26 | — | — | ||
| Q4 25 | $62.5M | $15.1M | ||
| Q3 25 | $15.5M | $20.9M | ||
| Q2 25 | $11.9M | $33.9M | ||
| Q1 25 | $6.2M | $-11.1M | ||
| Q4 24 | $65.8M | $12.6M | ||
| Q3 24 | $18.8M | $10.1M | ||
| Q2 24 | $14.9M | $45.5M |
自由现金流BFCPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $51.0M | $13.6M | ||
| Q3 25 | $12.5M | $18.0M | ||
| Q2 25 | $8.2M | $27.3M | ||
| Q1 25 | $4.0M | $-13.0M | ||
| Q4 24 | $58.6M | $8.5M | ||
| Q3 24 | $16.9M | $4.7M | ||
| Q2 24 | $13.7M | $44.1M |
自由现金流率BFCPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | 113.6% | 14.7% | ||
| Q3 25 | 28.2% | 18.7% | ||
| Q2 25 | 19.8% | 27.9% | ||
| Q1 25 | 9.3% | -17.5% | ||
| Q4 24 | 146.3% | 9.3% | ||
| Q3 24 | 41.5% | 4.9% | ||
| Q2 24 | 35.3% | 43.0% |
资本支出强度BFCPI
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 1.6% | ||
| Q3 25 | 6.7% | 3.1% | ||
| Q2 25 | 8.7% | 6.7% | ||
| Q1 25 | 5.0% | 2.5% | ||
| Q4 24 | 18.0% | 4.5% | ||
| Q3 24 | 4.5% | 5.7% | ||
| Q2 24 | 3.1% | 1.3% |
现金转化率BFCPI
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.70× | 2.93× | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 3.75× | — | ||
| Q3 24 | 1.13× | 45.56× | ||
| Q2 24 | 0.93× | 4.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
