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中国东方航空（EML）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的季度营收约是中国东方航空的1.3倍（$74.3M vs $55.3M），IMPINJ INC净利率更高（11.2% vs 1.0%，领先10.2%），IMPINJ INC同比增速更快（-0.0% vs -22.4%），中国东方航空自由现金流更多（$3.1M vs $2.2M），过去两年中国东方航空的营收复合增速更高（-0.6% vs -14.9%）
中国东方航空是中国境内的头部航空公司，总部位于上海长宁区，与中国国际航空、中国南方航空并称为中国三大骨干航空公司，航线网络覆盖全球多个国家和地区，是中国民航市场的核心运营商之一。
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。
EML vs PI — 直观对比
营收规模更大
PI
是对方的1.3倍
$55.3M
营收增速更快
PI
高出22.3%
-22.4%
净利率更高
PI
高出10.2%
1.0%
自由现金流更多
EML
多$833.9K
$2.2M
两年增速更快
EML
近两年复合增速
-14.9%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $55.3M | $74.3M |
| 净利润 | $578.9K | $8.3M |
| 毛利率 | 22.3% | 49.1% |
| 营业利润率 | 3.1% | 30.5% |
| 净利率 | 1.0% | 11.2% |
| 营收同比 | -22.4% | -0.0% |
| 净利润同比 | 103.8% | — |
| 每股收益（稀释后） | $0.10 | $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EMLPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | — | $92.8M | ||
| Q3 25 | $55.3M | $96.1M | ||
| Q2 25 | $70.2M | $97.9M | ||
| Q1 25 | $63.3M | $74.3M | ||
| Q4 24 | $64.3M | $91.6M | ||
| Q3 24 | $71.3M | $95.2M | ||
| Q2 24 | $72.6M | $102.5M |
净利润EMLPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | — | $-1.1M | ||
| Q3 25 | $578.9K | $-12.8M | ||
| Q2 25 | $3.4M | $11.6M | ||
| Q1 25 | $1.9M | $-8.5M | ||
| Q4 24 | $1.3M | $-2.7M | ||
| Q3 24 | $-15.3M | $221.0K | ||
| Q2 24 | $3.5M | $10.0M |
毛利率EMLPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | — | 51.8% | ||
| Q3 25 | 22.3% | 50.3% | ||
| Q2 25 | 23.3% | 57.8% | ||
| Q1 25 | 22.4% | 49.4% | ||
| Q4 24 | 23.6% | 50.5% | ||
| Q3 24 | 25.5% | 50.0% | ||
| Q2 24 | 25.4% | 56.1% |
营业利润率EMLPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | 3.1% | 0.7% | ||
| Q2 25 | 4.5% | 11.1% | ||
| Q1 25 | 5.1% | -12.9% | ||
| Q4 24 | 6.1% | -3.9% | ||
| Q3 24 | 9.5% | -0.8% | ||
| Q2 24 | 8.3% | 8.8% |
净利率EMLPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | — | -1.2% | ||
| Q3 25 | 1.0% | -13.3% | ||
| Q2 25 | 4.9% | 11.8% | ||
| Q1 25 | 3.1% | -11.4% | ||
| Q4 24 | 2.0% | -2.9% | ||
| Q3 24 | -21.5% | 0.2% | ||
| Q2 24 | 4.8% | 9.7% |
每股收益（稀释后）EMLPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $0.10 | $-0.44 | ||
| Q2 25 | $0.56 | $0.39 | ||
| Q1 25 | $0.32 | $-0.30 | ||
| Q4 24 | $0.22 | $-0.06 | ||
| Q3 24 | $-2.46 | $0.01 | ||
| Q2 24 | $0.56 | $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 | $9.2M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $124.3M | — |
| 总资产 | $220.0M | $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EMLPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | — | $175.3M | ||
| Q3 25 | $9.2M | $190.1M | ||
| Q2 25 | $9.1M | $193.2M | ||
| Q1 25 | $10.2M | $147.9M | ||
| Q4 24 | $16.1M | $164.7M | ||
| Q3 24 | $9.7M | $170.3M | ||
| Q2 24 | $2.0M | $220.2M |
总债务EMLPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $42.2M | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EMLPI
| Q1 26 | — | — | ||
| Q4 25 | — | $209.2M | ||
| Q3 25 | $124.3M | $195.0M | ||
| Q2 25 | $124.4M | $187.7M | ||
| Q1 25 | $121.0M | $160.6M | ||
| Q4 24 | $120.7M | $149.9M | ||
| Q3 24 | $119.2M | $136.1M | ||
| Q2 24 | $136.5M | $117.0M |
总资产EMLPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | — | $545.2M | ||
| Q3 25 | $220.0M | $516.5M | ||
| Q2 25 | $229.4M | $508.8M | ||
| Q1 25 | $232.3M | $479.8M | ||
| Q4 24 | $235.3M | $489.1M | ||
| Q3 24 | $244.2M | $476.4M | ||
| Q2 24 | $255.9M | $446.1M |
负债/权益比EMLPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.35× | 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 | $3.1M | — |
| 自由现金流经营现金流 - 资本支出 | $3.1M | $2.2M |
| 自由现金流率自由现金流/营收 | 5.5% | 3.0% |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 5.38× | — |
| 过去12个月自由现金流最近4个季度 | $12.3M | $61.1M |
8季度趋势，按日历期对齐
经营现金流EMLPI
| Q1 26 | — | — | ||
| Q4 25 | — | $15.1M | ||
| Q3 25 | $3.1M | $20.9M | ||
| Q2 25 | $3.8M | $33.9M | ||
| Q1 25 | $-1.8M | $-11.1M | ||
| Q4 24 | $11.0M | $12.6M | ||
| Q3 24 | $-2.9M | $10.1M | ||
| Q2 24 | $8.4M | $45.5M |
自由现金流EMLPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | — | $13.6M | ||
| Q3 25 | $3.1M | $18.0M | ||
| Q2 25 | $3.0M | $27.3M | ||
| Q1 25 | $-2.7M | $-13.0M | ||
| Q4 24 | $9.0M | $8.5M | ||
| Q3 24 | $-7.7M | $4.7M | ||
| Q2 24 | $7.3M | $44.1M |
自由现金流率EMLPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | 5.5% | 18.7% | ||
| Q2 25 | 4.3% | 27.9% | ||
| Q1 25 | -4.3% | -17.5% | ||
| Q4 24 | 13.9% | 9.3% | ||
| Q3 24 | -10.8% | 4.9% | ||
| Q2 24 | 10.1% | 43.0% |
资本支出强度EMLPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | 0.1% | 3.1% | ||
| Q2 25 | 1.1% | 6.7% | ||
| Q1 25 | 1.3% | 2.5% | ||
| Q4 24 | 3.2% | 4.5% | ||
| Q3 24 | 6.7% | 5.7% | ||
| Q2 24 | 1.5% | 1.3% |
现金转化率EMLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 5.38× | — | ||
| Q2 25 | 1.09× | 2.93× | ||
| Q1 25 | -0.95× | — | ||
| Q4 24 | 8.41× | — | ||
| Q3 24 | — | 45.56× | ||
| Q2 24 | 2.40× | 4.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
