vs
DULUTH HOLDINGS INC.（DLTH）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
DULUTH HOLDINGS INC.的季度营收约是IMPINJ INC的1.5倍（$114.9M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -8.8%，领先20.0%），IMPINJ INC同比增速更快（-0.0% vs -9.6%），IMPINJ INC自由现金流更多（$2.2M vs $-8.9M），过去两年IMPINJ INC的营收复合增速更高（-14.9% vs -31.6%）
德卢思控股是一家美国工装及配饰企业，主打通过旗下德卢思贸易品牌开展产品销售业务，面向市场推出各类实用工装及相关配饰产品，是美国本土颇具特色的服饰零售企业。
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。
DLTH vs PI — 直观对比
营收规模更大
DLTH
是对方的1.5倍
$74.3M
营收增速更快
PI
高出9.6%
-9.6%
净利率更高
PI
高出20.0%
-8.8%
自由现金流更多
PI
多$11.2M
$-8.9M
两年增速更快
PI
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $74.3M |
| 净利润 | $-10.1M | $8.3M |
| 毛利率 | 53.8% | 49.1% |
| 营业利润率 | -7.7% | 30.5% |
| 净利率 | -8.8% | 11.2% |
| 营收同比 | -9.6% | -0.0% |
| 净利润同比 | 64.6% | — |
| 每股收益（稀释后） | $-0.29 | $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DLTHPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $114.9M | $92.8M | ||
| Q3 25 | $131.7M | $96.1M | ||
| Q2 25 | $102.7M | $97.9M | ||
| Q1 25 | $241.3M | $74.3M | ||
| Q4 24 | $127.1M | $91.6M | ||
| Q3 24 | $141.6M | $95.2M | ||
| Q2 24 | $116.7M | $102.5M |
净利润DLTHPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-10.1M | $-1.1M | ||
| Q3 25 | $1.3M | $-12.8M | ||
| Q2 25 | $-15.3M | $11.6M | ||
| Q1 25 | $-5.6M | $-8.5M | ||
| Q4 24 | $-28.2M | $-2.7M | ||
| Q3 24 | $-2.0M | $221.0K | ||
| Q2 24 | $-7.9M | $10.0M |
毛利率DLTHPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | 53.8% | 51.8% | ||
| Q3 25 | 54.7% | 50.3% | ||
| Q2 25 | 52.0% | 57.8% | ||
| Q1 25 | 44.1% | 49.4% | ||
| Q4 24 | 52.3% | 50.5% | ||
| Q3 24 | 52.3% | 50.0% | ||
| Q2 24 | 52.8% | 56.1% |
营业利润率DLTHPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | -7.7% | -2.9% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | -12.0% | 11.1% | ||
| Q1 25 | -1.8% | -12.9% | ||
| Q4 24 | -17.4% | -3.9% | ||
| Q3 24 | -1.1% | -0.8% | ||
| Q2 24 | -7.7% | 8.8% |
净利率DLTHPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | -8.8% | -1.2% | ||
| Q3 25 | 1.0% | -13.3% | ||
| Q2 25 | -14.9% | 11.8% | ||
| Q1 25 | -2.3% | -11.4% | ||
| Q4 24 | -22.2% | -2.9% | ||
| Q3 24 | -1.4% | 0.2% | ||
| Q2 24 | -6.7% | 9.7% |
每股收益（稀释后）DLTHPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.29 | $-0.02 | ||
| Q3 25 | $0.04 | $-0.44 | ||
| Q2 25 | $-0.45 | $0.39 | ||
| Q1 25 | $-0.17 | $-0.30 | ||
| Q4 24 | $-0.84 | $-0.06 | ||
| Q3 24 | $-0.06 | $0.01 | ||
| Q2 24 | $-0.24 | $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 | $8.2M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $160.6M | — |
| 总资产 | $468.0M | $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DLTHPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $8.2M | $175.3M | ||
| Q3 25 | $5.7M | $190.1M | ||
| Q2 25 | $8.6M | $193.2M | ||
| Q1 25 | $3.3M | $147.9M | ||
| Q4 24 | $9.3M | $164.7M | ||
| Q3 24 | $9.8M | $170.3M | ||
| Q2 24 | $6.8M | $220.2M |
总债务DLTHPI
| 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DLTHPI
| Q1 26 | — | — | ||
| Q4 25 | $160.6M | $209.2M | ||
| Q3 25 | $170.0M | $195.0M | ||
| Q2 25 | $167.9M | $187.7M | ||
| Q1 25 | $182.7M | $160.6M | ||
| Q4 24 | $188.1M | $149.9M | ||
| Q3 24 | $215.7M | $136.1M | ||
| Q2 24 | $218.4M | $117.0M |
总资产DLTHPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $468.0M | $545.2M | ||
| Q3 25 | $433.8M | $516.5M | ||
| Q2 25 | $463.7M | $508.8M | ||
| Q1 25 | $452.4M | $479.8M | ||
| Q4 24 | $533.1M | $489.1M | ||
| Q3 24 | $488.6M | $476.4M | ||
| Q2 24 | $471.4M | $446.1M |
负债/权益比DLTHPI
| 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 | $-6.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $2.2M |
| 自由现金流率自由现金流/营收 | -7.8% | 3.0% |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 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 | $1.7M | $61.1M |
8季度趋势，按日历期对齐
经营现金流DLTHPI
| Q1 26 | — | — | ||
| Q4 25 | $-6.7M | $15.1M | ||
| Q3 25 | $32.0M | $20.9M | ||
| Q2 25 | $-56.5M | $33.9M | ||
| Q1 25 | $41.2M | $-11.1M | ||
| Q4 24 | $-41.1M | $12.6M | ||
| Q3 24 | $16.6M | $10.1M | ||
| Q2 24 | $-33.7M | $45.5M |
自由现金流DLTHPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $-8.9M | $13.6M | ||
| Q3 25 | $29.8M | $18.0M | ||
| Q2 25 | $-57.8M | $27.3M | ||
| Q1 25 | $38.7M | $-13.0M | ||
| Q4 24 | $-43.7M | $8.5M | ||
| Q3 24 | $15.0M | $4.7M | ||
| Q2 24 | $-35.2M | $44.1M |
自由现金流率DLTHPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | -7.8% | 14.7% | ||
| Q3 25 | 22.6% | 18.7% | ||
| Q2 25 | -56.3% | 27.9% | ||
| Q1 25 | 16.0% | -17.5% | ||
| Q4 24 | -34.4% | 9.3% | ||
| Q3 24 | 10.6% | 4.9% | ||
| Q2 24 | -30.2% | 43.0% |
资本支出强度DLTHPI
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 1.6% | ||
| Q3 25 | 1.7% | 3.1% | ||
| Q2 25 | 1.3% | 6.7% | ||
| Q1 25 | 1.0% | 2.5% | ||
| Q4 24 | 2.1% | 4.5% | ||
| Q3 24 | 1.2% | 5.7% | ||
| Q2 24 | 1.3% | 1.3% |
现金转化率DLTHPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | — | ||
| 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
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
PI
暂无分部数据
