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FTAI Infrastructure Inc.（FIP）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
FTAI Infrastructure Inc.的季度营收约是IMPINJ INC的1.9倍（$143.5M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -68.1%，领先79.3%），FTAI Infrastructure Inc.同比增速更快（77.7% vs -0.0%），IMPINJ INC自由现金流更多（$2.2M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs -14.9%）
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
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。
FIP vs PI — 直观对比
营收规模更大
FIP
是对方的1.9倍
$74.3M
营收增速更快
FIP
高出77.7%
-0.0%
净利率更高
PI
高出79.3%
-68.1%
自由现金流更多
PI
多$70.9M
$-68.6M
两年增速更快
FIP
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $74.3M |
| 净利润 | $-97.7M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | -45.7% | 30.5% |
| 净利率 | -68.1% | 11.2% |
| 营收同比 | 77.7% | -0.0% |
| 净利润同比 | 21.6% | — |
| 每股收益（稀释后） | $-1.04 | $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FIPPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $143.5M | $92.8M | ||
| Q3 25 | $140.6M | $96.1M | ||
| Q2 25 | $122.3M | $97.9M | ||
| Q1 25 | $96.2M | $74.3M | ||
| Q4 24 | $80.8M | $91.6M | ||
| Q3 24 | $83.3M | $95.2M | ||
| Q2 24 | $84.9M | $102.5M |
净利润FIPPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-97.7M | $-1.1M | ||
| Q3 25 | $-104.5M | $-12.8M | ||
| Q2 25 | $-70.0M | $11.6M | ||
| Q1 25 | $120.2M | $-8.5M | ||
| Q4 24 | $-124.7M | $-2.7M | ||
| Q3 24 | $-43.0M | $221.0K | ||
| Q2 24 | $-48.1M | $10.0M |
毛利率FIPPI
| 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FIPPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | -45.7% | -2.9% | ||
| Q3 25 | -70.8% | 0.7% | ||
| Q2 25 | -56.4% | 11.1% | ||
| Q1 25 | 81.8% | -12.9% | ||
| Q4 24 | -152.7% | -3.9% | ||
| Q3 24 | -51.7% | -0.8% | ||
| Q2 24 | -56.4% | 8.8% |
净利率FIPPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | -68.1% | -1.2% | ||
| Q3 25 | -74.4% | -13.3% | ||
| Q2 25 | -57.2% | 11.8% | ||
| Q1 25 | 125.0% | -11.4% | ||
| Q4 24 | -154.4% | -2.9% | ||
| Q3 24 | -51.6% | 0.2% | ||
| Q2 24 | -56.7% | 9.7% |
每股收益（稀释后）FIPPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-1.04 | $-0.02 | ||
| Q3 25 | $-1.38 | $-0.44 | ||
| Q2 25 | $-0.73 | $0.39 | ||
| Q1 25 | $0.89 | $-0.30 | ||
| Q4 24 | $-1.21 | $-0.06 | ||
| Q3 24 | $-0.45 | $0.01 | ||
| Q2 24 | $-0.52 | $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 | $57.4M | $131.8M |
| 总债务越低越好 | $3.8B | $241.5M |
| 股东权益账面价值 | $21.3M | — |
| 总资产 | $5.7B | $502.5M |
| 负债/权益比越低杠杆越低 | 176.99× | — |
8季度趋势，按日历期对齐
现金及短期投资FIPPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $57.4M | $175.3M | ||
| Q3 25 | $34.7M | $190.1M | ||
| Q2 25 | $33.6M | $193.2M | ||
| Q1 25 | $26.3M | $147.9M | ||
| Q4 24 | $27.8M | $164.7M | ||
| Q3 24 | $20.3M | $170.3M | ||
| Q2 24 | $33.1M | $220.2M |
总债务FIPPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $3.8B | $280.9M | ||
| Q3 25 | $3.7B | $280.4M | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.6B | $283.5M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — |
股东权益FIPPI
| Q1 26 | — | — | ||
| Q4 25 | $21.3M | $209.2M | ||
| Q3 25 | $181.1M | $195.0M | ||
| Q2 25 | $375.5M | $187.7M | ||
| Q1 25 | $476.2M | $160.6M | ||
| Q4 24 | $202.7M | $149.9M | ||
| Q3 24 | $370.8M | $136.1M | ||
| Q2 24 | $394.8M | $117.0M |
总资产FIPPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $5.7B | $545.2M | ||
| Q3 25 | $5.5B | $516.5M | ||
| Q2 25 | $4.4B | $508.8M | ||
| Q1 25 | $4.1B | $479.8M | ||
| Q4 24 | $2.4B | $489.1M | ||
| Q3 24 | $2.4B | $476.4M | ||
| Q2 24 | $2.5B | $446.1M |
负债/权益比FIPPI
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | 1.34× | ||
| Q3 25 | 20.59× | 1.44× | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | 1.89× | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 3.94× | — |
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 | $-2.8M | — |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $2.2M |
| 自由现金流率自由现金流/营收 | -47.8% | 3.0% |
| 资本支出强度资本支出/营收 | 45.9% | — |
| 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 | $-398.5M | $61.1M |
8季度趋势，按日历期对齐
经营现金流FIPPI
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $15.1M | ||
| Q3 25 | $-24.4M | $20.9M | ||
| Q2 25 | $-5.2M | $33.9M | ||
| Q1 25 | $-85.7M | $-11.1M | ||
| Q4 24 | $-8.1M | $12.6M | ||
| Q3 24 | $14.2M | $10.1M | ||
| Q2 24 | $-17.6M | $45.5M |
自由现金流FIPPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $-68.6M | $13.6M | ||
| Q3 25 | $-90.7M | $18.0M | ||
| Q2 25 | $-87.5M | $27.3M | ||
| Q1 25 | $-151.7M | $-13.0M | ||
| Q4 24 | $-34.3M | $8.5M | ||
| Q3 24 | $-11.7M | $4.7M | ||
| Q2 24 | $-32.1M | $44.1M |
自由现金流率FIPPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | -47.8% | 14.7% | ||
| Q3 25 | -64.5% | 18.7% | ||
| Q2 25 | -71.6% | 27.9% | ||
| Q1 25 | -157.7% | -17.5% | ||
| Q4 24 | -42.4% | 9.3% | ||
| Q3 24 | -14.0% | 4.9% | ||
| Q2 24 | -37.9% | 43.0% |
资本支出强度FIPPI
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 1.6% | ||
| Q3 25 | 47.2% | 3.1% | ||
| Q2 25 | 67.3% | 6.7% | ||
| Q1 25 | 68.6% | 2.5% | ||
| Q4 24 | 32.5% | 4.5% | ||
| Q3 24 | 31.1% | 5.7% | ||
| Q2 24 | 17.2% | 1.3% |
现金转化率FIPPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | -0.71× | — | ||
| 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
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
PI
暂无分部数据
