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Cambium Networks Corp（CMBM）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Cambium Networks Corp的1.8倍（$74.3M vs $40.3M），IMPINJ INC净利率更高（11.2% vs -17.9%，领先29.1%），IMPINJ INC同比增速更快（-0.0% vs -23.2%），IMPINJ INC自由现金流更多（$2.2M vs $-10.8M），过去两年IMPINJ INC的营收复合增速更高（-14.9% vs -27.2%）
坎布里姆网络公司是美国的无线通信设备制造商，主营企业WiFi、网络交换设备、物联网相关产品，以及面向企业的固定无线宽带、WiFi接入产品。该公司于2011年10月从摩托罗拉分拆，目前在纳斯达克上市。
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。
CMBM vs PI — 直观对比
营收规模更大
PI
是对方的1.8倍
$40.3M
营收增速更快
PI
高出23.1%
-23.2%
净利率更高
PI
高出29.1%
-17.9%
自由现金流更多
PI
多$13.1M
$-10.8M
两年增速更快
PI
近两年复合增速
-27.2%
损益表 — Q4 FY2024 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $40.3M | $74.3M |
| 净利润 | $-7.2M | $8.3M |
| 毛利率 | 36.6% | 49.1% |
| 营业利润率 | -28.4% | 30.5% |
| 净利率 | -17.9% | 11.2% |
| 营收同比 | -23.2% | -0.0% |
| 净利润同比 | 71.0% | — |
| 每股收益（稀释后） | $-0.26 | $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CMBMPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | — | $92.8M | ||
| Q3 25 | — | $96.1M | ||
| Q2 25 | — | $97.9M | ||
| Q1 25 | — | $74.3M | ||
| Q4 24 | $40.3M | $91.6M | ||
| Q3 24 | $44.7M | $95.2M | ||
| Q2 24 | $45.2M | $102.5M |
净利润CMBMPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | — | $-1.1M | ||
| Q3 25 | — | $-12.8M | ||
| Q2 25 | — | $11.6M | ||
| Q1 25 | — | $-8.5M | ||
| Q4 24 | $-7.2M | $-2.7M | ||
| Q3 24 | $-34.5M | $221.0K | ||
| Q2 24 | $-14.2M | $10.0M |
毛利率CMBMPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | — | 51.8% | ||
| Q3 25 | — | 50.3% | ||
| Q2 25 | — | 57.8% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | 36.6% | 50.5% | ||
| Q3 24 | 43.6% | 50.0% | ||
| Q2 24 | 32.5% | 56.1% |
营业利润率CMBMPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | -12.9% | ||
| Q4 24 | -28.4% | -3.9% | ||
| Q3 24 | -69.6% | -0.8% | ||
| Q2 24 | -27.2% | 8.8% |
净利率CMBMPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | — | -1.2% | ||
| Q3 25 | — | -13.3% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | -17.9% | -2.9% | ||
| Q3 24 | -77.3% | 0.2% | ||
| Q2 24 | -31.5% | 9.7% |
每股收益（稀释后）CMBMPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $-0.44 | ||
| Q2 25 | — | $0.39 | ||
| Q1 25 | — | $-0.30 | ||
| Q4 24 | $-0.26 | $-0.06 | ||
| Q3 24 | $-1.22 | $0.01 | ||
| Q2 24 | $-0.51 | $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 | — | $131.8M |
| 总债务越低越好 | $67.6M | $241.5M |
| 股东权益账面价值 | $-3.2M | — |
| 总资产 | $173.7M | $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CMBMPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | — | $175.3M | ||
| Q3 25 | — | $190.1M | ||
| Q2 25 | — | $193.2M | ||
| Q1 25 | — | $147.9M | ||
| Q4 24 | — | $164.7M | ||
| Q3 24 | — | $170.3M | ||
| Q2 24 | — | $220.2M |
总债务CMBMPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | $283.5M | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — |
股东权益CMBMPI
| Q1 26 | — | — | ||
| Q4 25 | — | $209.2M | ||
| Q3 25 | — | $195.0M | ||
| Q2 25 | — | $187.7M | ||
| Q1 25 | — | $160.6M | ||
| Q4 24 | $-3.2M | $149.9M | ||
| Q3 24 | $1.9M | $136.1M | ||
| Q2 24 | $34.1M | $117.0M |
总资产CMBMPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | — | $545.2M | ||
| Q3 25 | — | $516.5M | ||
| Q2 25 | — | $508.8M | ||
| Q1 25 | — | $479.8M | ||
| Q4 24 | $173.7M | $489.1M | ||
| Q3 24 | $194.3M | $476.4M | ||
| Q2 24 | $221.1M | $446.1M |
负债/权益比CMBMPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.89× | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — |
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 | $-10.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $2.2M |
| 自由现金流率自由现金流/营收 | -26.8% | 3.0% |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 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 | $-21.4M | $61.1M |
8季度趋势，按日历期对齐
经营现金流CMBMPI
| Q1 26 | — | — | ||
| Q4 25 | — | $15.1M | ||
| Q3 25 | — | $20.9M | ||
| Q2 25 | — | $33.9M | ||
| Q1 25 | — | $-11.1M | ||
| Q4 24 | $-10.4M | $12.6M | ||
| Q3 24 | $8.9M | $10.1M | ||
| Q2 24 | $2.4M | $45.5M |
自由现金流CMBMPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | — | $13.6M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $-13.0M | ||
| Q4 24 | $-10.8M | $8.5M | ||
| Q3 24 | $6.8M | $4.7M | ||
| Q2 24 | $87.0K | $44.1M |
自由现金流率CMBMPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 27.9% | ||
| Q1 25 | — | -17.5% | ||
| Q4 24 | -26.8% | 9.3% | ||
| Q3 24 | 15.2% | 4.9% | ||
| Q2 24 | 0.2% | 43.0% |
资本支出强度CMBMPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 1.1% | 4.5% | ||
| Q3 24 | 4.8% | 5.7% | ||
| Q2 24 | 5.1% | 1.3% |
现金转化率CMBMPI
| 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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
PI
暂无分部数据
