vs
Energy Recovery, Inc.（ERII）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Energy Recovery, Inc.的1.1倍（$74.3M vs $66.9M），Energy Recovery, Inc.净利率更高（40.2% vs 11.2%，领先29.0%），IMPINJ INC同比增速更快（-0.0% vs -0.3%），Energy Recovery, Inc.自由现金流更多（$6.4M vs $2.2M），过去两年Energy Recovery, Inc.的营收复合增速更高（8.1% vs -14.9%）
Energy Recovery, Inc.是一家美国制造商，专注生产为水务及二氧化碳制冷行业提供的能量回收装置，产品可帮助相关行业在工艺流程中回收利用富余能量，助力客户降低能耗成本，提升运营的绿色低碳水平，在细分领域拥有领先的技术积累。
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。
ERII vs PI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $74.3M |
| 净利润 | $26.9M | $8.3M |
| 毛利率 | 67.2% | 49.1% |
| 营业利润率 | 46.8% | 30.5% |
| 净利率 | 40.2% | 11.2% |
| 营收同比 | -0.3% | -0.0% |
| 净利润同比 | 14.7% | — |
| 每股收益（稀释后） | $0.49 | $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
| Q1 26 | — | $74.3M | ||
| Q4 25 | $66.9M | $92.8M | ||
| Q3 25 | $32.0M | $96.1M | ||
| Q2 25 | $28.1M | $97.9M | ||
| Q1 25 | — | $74.3M | ||
| Q4 24 | $67.1M | $91.6M | ||
| Q3 24 | $38.6M | $95.2M | ||
| Q2 24 | $27.2M | $102.5M |
| Q1 26 | — | $8.3M | ||
| Q4 25 | $26.9M | $-1.1M | ||
| Q3 25 | $3.9M | $-12.8M | ||
| Q2 25 | $2.1M | $11.6M | ||
| Q1 25 | — | $-8.5M | ||
| Q4 24 | $23.5M | $-2.7M | ||
| Q3 24 | $8.5M | $221.0K | ||
| Q2 24 | $-642.0K | $10.0M |
| Q1 26 | — | 49.1% | ||
| Q4 25 | 67.2% | 51.8% | ||
| Q3 25 | 64.2% | 50.3% | ||
| Q2 25 | 64.0% | 57.8% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | 70.2% | 50.5% | ||
| Q3 24 | 65.1% | 50.0% | ||
| Q2 24 | 64.6% | 56.1% |
| Q1 26 | — | 30.5% | ||
| Q4 25 | 46.8% | -2.9% | ||
| Q3 25 | 11.4% | 0.7% | ||
| Q2 25 | 5.3% | 11.1% | ||
| Q1 25 | — | -12.9% | ||
| Q4 24 | 38.2% | -3.9% | ||
| Q3 24 | 18.3% | -0.8% | ||
| Q2 24 | -7.4% | 8.8% |
| Q1 26 | — | 11.2% | ||
| Q4 25 | 40.2% | -1.2% | ||
| Q3 25 | 12.1% | -13.3% | ||
| Q2 25 | 7.3% | 11.8% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | 35.0% | -2.9% | ||
| Q3 24 | 22.0% | 0.2% | ||
| Q2 24 | -2.4% | 9.7% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.49 | $-0.02 | ||
| Q3 25 | $0.07 | $-0.44 | ||
| Q2 25 | $0.04 | $0.39 | ||
| Q1 25 | — | $-0.30 | ||
| Q4 24 | $0.40 | $-0.06 | ||
| Q3 24 | $0.15 | $0.01 | ||
| Q2 24 | $-0.01 | $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 | $75.2M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $206.2M | — |
| 总资产 | $231.5M | $502.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $131.8M | ||
| Q4 25 | $75.2M | $175.3M | ||
| Q3 25 | $70.4M | $190.1M | ||
| Q2 25 | $79.5M | $193.2M | ||
| Q1 25 | — | $147.9M | ||
| Q4 24 | $78.0M | $164.7M | ||
| Q3 24 | $118.6M | $170.3M | ||
| Q2 24 | $101.0M | $220.2M |
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $206.2M | $209.2M | ||
| Q3 25 | $180.8M | $195.0M | ||
| Q2 25 | $185.2M | $187.7M | ||
| Q1 25 | — | $160.6M | ||
| Q4 24 | $210.0M | $149.9M | ||
| Q3 24 | $233.9M | $136.1M | ||
| Q2 24 | $218.5M | $117.0M |
| Q1 26 | — | $502.5M | ||
| Q4 25 | $231.5M | $545.2M | ||
| Q3 25 | $209.6M | $516.5M | ||
| Q2 25 | $212.3M | $508.8M | ||
| Q1 25 | — | $479.8M | ||
| Q4 24 | $242.8M | $489.1M | ||
| Q3 24 | $262.7M | $476.4M | ||
| Q2 24 | $249.0M | $446.1M |
| 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 | $7.1M | — |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $2.2M |
| 自由现金流率自由现金流/营收 | 9.6% | 3.0% |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $15.8M | $61.1M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $7.1M | $15.1M | ||
| Q3 25 | $-3.1M | $20.9M | ||
| Q2 25 | $4.1M | $33.9M | ||
| Q1 25 | — | $-11.1M | ||
| Q4 24 | $9.0M | $12.6M | ||
| Q3 24 | $-3.0M | $10.1M | ||
| Q2 24 | $8.1M | $45.5M |
| Q1 26 | — | $2.2M | ||
| Q4 25 | $6.4M | $13.6M | ||
| Q3 25 | $-3.5M | $18.0M | ||
| Q2 25 | $4.0M | $27.3M | ||
| Q1 25 | — | $-13.0M | ||
| Q4 24 | $8.9M | $8.5M | ||
| Q3 24 | $-3.2M | $4.7M | ||
| Q2 24 | $7.9M | $44.1M |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 9.6% | 14.7% | ||
| Q3 25 | -10.9% | 18.7% | ||
| Q2 25 | 14.3% | 27.9% | ||
| Q1 25 | — | -17.5% | ||
| Q4 24 | 13.2% | 9.3% | ||
| Q3 24 | -8.2% | 4.9% | ||
| Q2 24 | 28.9% | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 1.6% | ||
| Q3 25 | 1.1% | 3.1% | ||
| Q2 25 | 0.5% | 6.7% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 0.2% | 4.5% | ||
| Q3 24 | 0.4% | 5.7% | ||
| Q2 24 | 0.7% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 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
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
PI
暂无分部数据
