vs
DORCHESTER MINERALS, L.P.（DMLP）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DORCHESTER MINERALS, L.P.的1.8倍（$74.3M vs $41.9M），DORCHESTER MINERALS, L.P.净利率更高（38.7% vs 11.2%，领先27.5%），DORCHESTER MINERALS, L.P.同比增速更快（5.4% vs -0.0%），过去两年DORCHESTER MINERALS, L.P.的营收复合增速更高（16.2% vs -14.9%）
多切斯特矿业有限合伙是一家总部位于美国的上市有限合伙企业，主要收购、持有及管理油气相关的特许权权益、净利润权益、矿产产权等多元化资产组合，资产覆盖美国多个核心陆上油气产区，为合伙份额持有人提供稳定的现金流回报。
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。
DMLP vs PI — 直观对比
营收规模更大
PI
是对方的1.8倍
$41.9M
营收增速更快
DMLP
高出5.4%
-0.0%
净利率更高
DMLP
高出27.5%
11.2%
两年增速更快
DMLP
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $41.9M | $74.3M |
| 净利润 | $16.2M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | — | 30.5% |
| 净利率 | 38.7% | 11.2% |
| 营收同比 | 5.4% | -0.0% |
| 净利润同比 | 13.7% | — |
| 每股收益（稀释后） | — | $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DMLPPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $41.9M | $92.8M | ||
| Q3 25 | $35.4M | $96.1M | ||
| Q2 25 | $32.4M | $97.9M | ||
| Q1 25 | $43.2M | $74.3M | ||
| Q4 24 | $39.7M | $91.6M | ||
| Q3 24 | $53.5M | $95.2M | ||
| Q2 24 | $37.4M | $102.5M |
净利润DMLPPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $16.2M | $-1.1M | ||
| Q3 25 | $11.2M | $-12.8M | ||
| Q2 25 | $12.3M | $11.6M | ||
| Q1 25 | $17.6M | $-8.5M | ||
| Q4 24 | $14.2M | $-2.7M | ||
| Q3 24 | $36.4M | $221.0K | ||
| Q2 24 | $23.6M | $10.0M |
毛利率DMLPPI
| 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DMLPPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | -12.9% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 8.8% |
净利率DMLPPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 38.7% | -1.2% | ||
| Q3 25 | 31.5% | -13.3% | ||
| Q2 25 | 38.1% | 11.8% | ||
| Q1 25 | 40.9% | -11.4% | ||
| Q4 24 | 35.9% | -2.9% | ||
| Q3 24 | 68.1% | 0.2% | ||
| Q2 24 | 63.2% | 9.7% |
每股收益（稀释后）DMLPPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $-0.44 | ||
| Q2 25 | — | $0.39 | ||
| Q1 25 | — | $-0.30 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | — | $0.01 | ||
| Q2 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 | $41.9M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | — | — |
| 总资产 | $309.6M | $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DMLPPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $41.9M | $175.3M | ||
| Q3 25 | $41.6M | $190.1M | ||
| Q2 25 | $36.5M | $193.2M | ||
| Q1 25 | $41.5M | $147.9M | ||
| Q4 24 | $42.5M | $164.7M | ||
| Q3 24 | $56.5M | $170.3M | ||
| Q2 24 | $35.2M | $220.2M |
总债务DMLPPI
| 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DMLPPI
| Q1 26 | — | — | ||
| Q4 25 | — | $209.2M | ||
| Q3 25 | — | $195.0M | ||
| Q2 25 | — | $187.7M | ||
| Q1 25 | — | $160.6M | ||
| Q4 24 | — | $149.9M | ||
| Q3 24 | — | $136.1M | ||
| Q2 24 | — | $117.0M |
总资产DMLPPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $309.6M | $545.2M | ||
| Q3 25 | $330.4M | $516.5M | ||
| Q2 25 | $325.6M | $508.8M | ||
| Q1 25 | $349.0M | $479.8M | ||
| Q4 24 | $366.8M | $489.1M | ||
| Q3 24 | $403.4M | $476.4M | ||
| Q2 24 | $176.0M | $446.1M |
负债/权益比DMLPPI
| 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 | $34.3M | — |
| 自由现金流经营现金流 - 资本支出 | — | $2.2M |
| 自由现金流率自由现金流/营收 | — | 3.0% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.12× | — |
| 过去12个月自由现金流最近4个季度 | — | $61.1M |
8季度趋势，按日历期对齐
经营现金流DMLPPI
| Q1 26 | — | — | ||
| Q4 25 | $34.3M | $15.1M | ||
| Q3 25 | $34.3M | $20.9M | ||
| Q2 25 | $30.5M | $33.9M | ||
| Q1 25 | $33.4M | $-11.1M | ||
| Q4 24 | $31.5M | $12.6M | ||
| Q3 24 | $43.7M | $10.1M | ||
| Q2 24 | $29.4M | $45.5M |
自由现金流DMLPPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | — | $13.6M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $-13.0M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | — | $4.7M | ||
| Q2 24 | — | $44.1M |
自由现金流率DMLPPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 27.9% | ||
| Q1 25 | — | -17.5% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 43.0% |
资本支出强度DMLPPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 1.3% |
现金转化率DMLPPI
| Q1 26 | — | — | ||
| Q4 25 | 2.12× | — | ||
| Q3 25 | 3.07× | — | ||
| Q2 25 | 2.47× | 2.93× | ||
| Q1 25 | 1.89× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 1.20× | 45.56× | ||
| Q2 24 | 1.25× | 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
DMLP
| Royalties | $34.0M | 81% |
| Other | $7.8M | 19% |
PI
暂无分部数据
