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biote Corp.（BTMD）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biote Corp.的1.6倍（$74.3M vs $46.4M），IMPINJ INC净利率更高（11.2% vs 4.2%，领先7.0%），IMPINJ INC同比增速更快（-0.0% vs -6.9%），biote Corp.自由现金流更多（$6.5M vs $2.2M），过去两年biote Corp.的营收复合增速更高（-0.4% vs -14.9%）
biote Corp是一家专注于个性化生物同质性激素替代疗法的医疗企业，主要面向美国市场运营，为持牌医疗从业者提供相关培训课程，同时推出配套健康补剂与诊断服务，以提升患者诊疗效果。
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。
BTMD vs PI — 直观对比
营收规模更大
PI
是对方的1.6倍
$46.4M
营收增速更快
PI
高出6.8%
-6.9%
净利率更高
PI
高出7.0%
4.2%
自由现金流更多
BTMD
多$4.3M
$2.2M
两年增速更快
BTMD
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $46.4M | $74.3M |
| 净利润 | $2.0M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | 14.7% | 30.5% |
| 净利率 | 4.2% | 11.2% |
| 营收同比 | -6.9% | -0.0% |
| 净利润同比 | -47.2% | — |
| 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
营收BTMDPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $46.4M | $92.8M | ||
| Q3 25 | $48.0M | $96.1M | ||
| Q2 25 | $48.9M | $97.9M | ||
| Q1 25 | $49.0M | $74.3M | ||
| Q4 24 | $49.8M | $91.6M | ||
| Q3 24 | $51.4M | $95.2M | ||
| Q2 24 | $49.2M | $102.5M |
净利润BTMDPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $2.0M | $-1.1M | ||
| Q3 25 | $8.2M | $-12.8M | ||
| Q2 25 | $3.2M | $11.6M | ||
| Q1 25 | $13.7M | $-8.5M | ||
| Q4 24 | $3.7M | $-2.7M | ||
| Q3 24 | $10.7M | $221.0K | ||
| Q2 24 | $-7.1M | $10.0M |
毛利率BTMDPI
| 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BTMDPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | 14.7% | -2.9% | ||
| Q3 25 | 17.2% | 0.7% | ||
| Q2 25 | 22.0% | 11.1% | ||
| Q1 25 | 19.8% | -12.9% | ||
| Q4 24 | 5.6% | -3.9% | ||
| Q3 24 | 23.7% | -0.8% | ||
| Q2 24 | 12.7% | 8.8% |
净利率BTMDPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 4.2% | -1.2% | ||
| Q3 25 | 17.1% | -13.3% | ||
| Q2 25 | 6.5% | 11.8% | ||
| Q1 25 | 28.0% | -11.4% | ||
| Q4 24 | 7.4% | -2.9% | ||
| Q3 24 | 20.8% | 0.2% | ||
| Q2 24 | -14.4% | 9.7% |
每股收益（稀释后）BTMDPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.05 | $-0.02 | ||
| Q3 25 | $0.22 | $-0.44 | ||
| Q2 25 | $0.10 | $0.39 | ||
| Q1 25 | $0.37 | $-0.30 | ||
| Q4 24 | $0.09 | $-0.06 | ||
| Q3 24 | $0.33 | $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 | $24.1M | $131.8M |
| 总债务越低越好 | $103.1M | $241.5M |
| 股东权益账面价值 | $-58.5M | — |
| 总资产 | $107.6M | $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BTMDPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $24.1M | $175.3M | ||
| Q3 25 | $28.0M | $190.1M | ||
| Q2 25 | $19.6M | $193.2M | ||
| Q1 25 | $41.7M | $147.9M | ||
| Q4 24 | $39.3M | $164.7M | ||
| Q3 24 | $38.2M | $170.3M | ||
| Q2 24 | $26.4M | $220.2M |
总债务BTMDPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $103.1M | $280.9M | ||
| Q3 25 | $104.7M | $280.4M | ||
| Q2 25 | $106.3M | — | ||
| Q1 25 | $107.8M | — | ||
| Q4 24 | $109.4M | $283.5M | ||
| Q3 24 | $110.9M | — | ||
| Q2 24 | $112.5M | — |
股东权益BTMDPI
| Q1 26 | — | — | ||
| Q4 25 | $-58.5M | $209.2M | ||
| Q3 25 | $-72.8M | $195.0M | ||
| Q2 25 | $-85.1M | $187.7M | ||
| Q1 25 | $-90.0M | $160.6M | ||
| Q4 24 | $-105.9M | $149.9M | ||
| Q3 24 | $-130.3M | $136.1M | ||
| Q2 24 | $-143.2M | $117.0M |
总资产BTMDPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $107.6M | $545.2M | ||
| Q3 25 | $111.3M | $516.5M | ||
| Q2 25 | $104.8M | $508.8M | ||
| Q1 25 | $123.4M | $479.8M | ||
| Q4 24 | $122.4M | $489.1M | ||
| Q3 24 | $101.3M | $476.4M | ||
| Q2 24 | $92.9M | $446.1M |
负债/权益比BTMDPI
| 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 | $7.6M | — |
| 自由现金流经营现金流 - 资本支出 | $6.5M | $2.2M |
| 自由现金流率自由现金流/营收 | 14.0% | 3.0% |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 3.87× | — |
| 过去12个月自由现金流最近4个季度 | $30.2M | $61.1M |
8季度趋势，按日历期对齐
经营现金流BTMDPI
| Q1 26 | — | — | ||
| Q4 25 | $7.6M | $15.1M | ||
| Q3 25 | $14.1M | $20.9M | ||
| Q2 25 | $7.1M | $33.9M | ||
| Q1 25 | $6.5M | $-11.1M | ||
| Q4 24 | $12.4M | $12.6M | ||
| Q3 24 | $15.6M | $10.1M | ||
| Q2 24 | $9.9M | $45.5M |
自由现金流BTMDPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $6.5M | $13.6M | ||
| Q3 25 | $13.6M | $18.0M | ||
| Q2 25 | $5.3M | $27.3M | ||
| Q1 25 | $4.8M | $-13.0M | ||
| Q4 24 | $10.7M | $8.5M | ||
| Q3 24 | $14.0M | $4.7M | ||
| Q2 24 | $7.4M | $44.1M |
自由现金流率BTMDPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | 14.0% | 14.7% | ||
| Q3 25 | 28.3% | 18.7% | ||
| Q2 25 | 10.8% | 27.9% | ||
| Q1 25 | 9.9% | -17.5% | ||
| Q4 24 | 21.5% | 9.3% | ||
| Q3 24 | 27.3% | 4.9% | ||
| Q2 24 | 15.1% | 43.0% |
资本支出强度BTMDPI
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 1.6% | ||
| Q3 25 | 1.0% | 3.1% | ||
| Q2 25 | 3.7% | 6.7% | ||
| Q1 25 | 3.3% | 2.5% | ||
| Q4 24 | 3.4% | 4.5% | ||
| Q3 24 | 3.0% | 5.7% | ||
| Q2 24 | 5.1% | 1.3% |
现金转化率BTMDPI
| Q1 26 | — | — | ||
| Q4 25 | 3.87× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 2.22× | 2.93× | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 3.34× | — | ||
| Q3 24 | 1.45× | 45.56× | ||
| Q2 24 | — | 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
BTMD
| Product Revenue | $45.3M | 98% |
| Disposable Trocars Product Revenue | $1.2M | 3% |
PI
暂无分部数据
