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Clarus Corp（CLAR）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Clarus Corp的1.1倍（$74.3M vs $65.4M），IMPINJ INC净利率更高（11.2% vs -47.8%，领先59.0%），IMPINJ INC同比增速更快（-0.0% vs -8.4%），Clarus Corp自由现金流更多（$11.6M vs $2.2M），过去两年Clarus Corp的营收复合增速更高（-2.9% vs -14.9%）
Clarus Corp是一家全球性企业，主营高性能户外休闲、登山、露营及生活方式产品的设计、生产与分销，旗下拥有多个知名消费品牌，为北美、欧洲及亚太地区的户外爱好者、专业运动员和零售合作伙伴提供创新耐用的运动装备。
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。
CLAR vs PI — 直观对比
营收规模更大
PI
是对方的1.1倍
$65.4M
营收增速更快
PI
高出8.4%
-8.4%
净利率更高
PI
高出59.0%
-47.8%
自由现金流更多
CLAR
多$9.4M
$2.2M
两年增速更快
CLAR
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $65.4M | $74.3M |
| 净利润 | $-31.3M | $8.3M |
| 毛利率 | 27.7% | 49.1% |
| 营业利润率 | -59.6% | 30.5% |
| 净利率 | -47.8% | 11.2% |
| 营收同比 | -8.4% | -0.0% |
| 净利润同比 | 52.3% | — |
| 每股收益（稀释后） | $-0.81 | $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CLARPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $65.4M | $92.8M | ||
| Q3 25 | $69.3M | $96.1M | ||
| Q2 25 | $55.2M | $97.9M | ||
| Q1 25 | $60.4M | $74.3M | ||
| Q4 24 | $71.4M | $91.6M | ||
| Q3 24 | $67.1M | $95.2M | ||
| Q2 24 | $56.5M | $102.5M |
净利润CLARPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-31.3M | $-1.1M | ||
| Q3 25 | $-1.6M | $-12.8M | ||
| Q2 25 | $-8.4M | $11.6M | ||
| Q1 25 | $-5.2M | $-8.5M | ||
| Q4 24 | $-65.5M | $-2.7M | ||
| Q3 24 | $-3.2M | $221.0K | ||
| Q2 24 | $-5.5M | $10.0M |
毛利率CLARPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | 27.7% | 51.8% | ||
| Q3 25 | 35.1% | 50.3% | ||
| Q2 25 | 35.6% | 57.8% | ||
| Q1 25 | 34.4% | 49.4% | ||
| Q4 24 | 33.4% | 50.5% | ||
| Q3 24 | 35.0% | 50.0% | ||
| Q2 24 | 36.1% | 56.1% |
营业利润率CLARPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | -59.6% | -2.9% | ||
| Q3 25 | -4.4% | 0.7% | ||
| Q2 25 | -19.7% | 11.1% | ||
| Q1 25 | -11.2% | -12.9% | ||
| Q4 24 | -70.2% | -3.9% | ||
| Q3 24 | -8.0% | -0.8% | ||
| Q2 24 | -14.4% | 8.8% |
净利率CLARPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | -47.8% | -1.2% | ||
| Q3 25 | -2.3% | -13.3% | ||
| Q2 25 | -15.3% | 11.8% | ||
| Q1 25 | -8.7% | -11.4% | ||
| Q4 24 | -91.8% | -2.9% | ||
| Q3 24 | -4.7% | 0.2% | ||
| Q2 24 | -9.7% | 9.7% |
每股收益（稀释后）CLARPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.81 | $-0.02 | ||
| Q3 25 | $-0.04 | $-0.44 | ||
| Q2 25 | $-0.22 | $0.39 | ||
| Q1 25 | $-0.14 | $-0.30 | ||
| Q4 24 | $-1.72 | $-0.06 | ||
| Q3 24 | $-0.08 | $0.01 | ||
| Q2 24 | $-0.14 | $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 | $36.7M | $131.8M |
| 总债务越低越好 | $0 | $241.5M |
| 股东权益账面价值 | $196.4M | — |
| 总资产 | $249.0M | $502.5M |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资CLARPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $36.7M | $175.3M | ||
| Q3 25 | $29.5M | $190.1M | ||
| Q2 25 | $28.5M | $193.2M | ||
| Q1 25 | $41.3M | $147.9M | ||
| Q4 24 | $45.4M | $164.7M | ||
| Q3 24 | $36.4M | $170.3M | ||
| Q2 24 | $46.2M | $220.2M |
总债务CLARPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $0 | $280.9M | ||
| Q3 25 | $2.0M | $280.4M | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $1.9M | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CLARPI
| Q1 26 | — | — | ||
| Q4 25 | $196.4M | $209.2M | ||
| Q3 25 | $225.8M | $195.0M | ||
| Q2 25 | $225.1M | $187.7M | ||
| Q1 25 | $229.3M | $160.6M | ||
| Q4 24 | $233.1M | $149.9M | ||
| Q3 24 | $308.5M | $136.1M | ||
| Q2 24 | $307.3M | $117.0M |
总资产CLARPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $249.0M | $545.2M | ||
| Q3 25 | $283.1M | $516.5M | ||
| Q2 25 | $286.5M | $508.8M | ||
| Q1 25 | $292.8M | $479.8M | ||
| Q4 24 | $294.1M | $489.1M | ||
| Q3 24 | $375.3M | $476.4M | ||
| Q2 24 | $369.4M | $446.1M |
负债/权益比CLARPI
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | 1.34× | ||
| Q3 25 | 0.01× | 1.44× | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | 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 | $12.5M | — |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $2.2M |
| 自由现金流率自由现金流/营收 | 17.7% | 3.0% |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 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 | $-9.9M | $61.1M |
8季度趋势，按日历期对齐
经营现金流CLARPI
| Q1 26 | — | — | ||
| Q4 25 | $12.5M | $15.1M | ||
| Q3 25 | $-5.7M | $20.9M | ||
| Q2 25 | $-9.4M | $33.9M | ||
| Q1 25 | $-2.1M | $-11.1M | ||
| Q4 24 | $16.6M | $12.6M | ||
| Q3 24 | $-8.3M | $10.1M | ||
| Q2 24 | $834.0K | $45.5M |
自由现金流CLARPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $11.6M | $13.6M | ||
| Q3 25 | $-7.0M | $18.0M | ||
| Q2 25 | $-11.3M | $27.3M | ||
| Q1 25 | $-3.3M | $-13.0M | ||
| Q4 24 | $14.4M | $8.5M | ||
| Q3 24 | $-9.4M | $4.7M | ||
| Q2 24 | $-744.0K | $44.1M |
自由现金流率CLARPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | 17.7% | 14.7% | ||
| Q3 25 | -10.0% | 18.7% | ||
| Q2 25 | -20.4% | 27.9% | ||
| Q1 25 | -5.4% | -17.5% | ||
| Q4 24 | 20.1% | 9.3% | ||
| Q3 24 | -14.0% | 4.9% | ||
| Q2 24 | -1.3% | 43.0% |
资本支出强度CLARPI
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 1.6% | ||
| Q3 25 | 1.8% | 3.1% | ||
| Q2 25 | 3.4% | 6.7% | ||
| Q1 25 | 2.0% | 2.5% | ||
| Q4 24 | 3.1% | 4.5% | ||
| Q3 24 | 1.6% | 5.7% | ||
| Q2 24 | 2.8% | 1.3% |
现金转化率CLARPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 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
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
PI
暂无分部数据
