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Fathom Holdings Inc.（FTHM）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
Fathom Holdings Inc.的季度营收约是IMPINJ INC的1.2倍（$90.6M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -7.4%，领先18.6%），IMPINJ INC同比增速更快（-0.0% vs -1.2%），IMPINJ INC自由现金流更多（$2.2M vs $-20.7M），过去两年Fathom Holdings Inc.的营收复合增速更高（13.4% vs -14.9%）
Fathom Holdings Inc.是一家总部位于美国的房地产科技与服务企业，为房产经纪人、经纪机构和消费者提供数字交易管理、按揭服务、产权保险、住宅经纪等一站式解决方案，业务覆盖美国大部分区域市场。
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。
FTHM vs PI — 直观对比
营收规模更大
FTHM
是对方的1.2倍
$74.3M
营收增速更快
PI
高出1.2%
-1.2%
净利率更高
PI
高出18.6%
-7.4%
自由现金流更多
PI
多$22.9M
$-20.7M
两年增速更快
FTHM
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $74.3M |
| 净利润 | $-6.7M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | -5.2% | 30.5% |
| 净利率 | -7.4% | 11.2% |
| 营收同比 | -1.2% | -0.0% |
| 净利润同比 | -7.7% | — |
| 每股收益（稀释后） | $-0.20 | $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FTHMPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $90.6M | $92.8M | ||
| Q3 25 | $115.3M | $96.1M | ||
| Q2 25 | $121.4M | $97.9M | ||
| Q1 25 | $93.1M | $74.3M | ||
| Q4 24 | $91.7M | $91.6M | ||
| Q3 24 | $83.7M | $95.2M | ||
| Q2 24 | $89.2M | $102.5M |
净利润FTHMPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-6.7M | $-1.1M | ||
| Q3 25 | $-4.4M | $-12.8M | ||
| Q2 25 | $-3.6M | $11.6M | ||
| Q1 25 | $-5.6M | $-8.5M | ||
| Q4 24 | $-6.2M | $-2.7M | ||
| Q3 24 | $-8.1M | $221.0K | ||
| Q2 24 | $-1.3M | $10.0M |
毛利率FTHMPI
| 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FTHMPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | -5.2% | -2.9% | ||
| Q3 25 | -3.5% | 0.7% | ||
| Q2 25 | -2.0% | 11.1% | ||
| Q1 25 | -4.8% | -12.9% | ||
| Q4 24 | -7.0% | -3.9% | ||
| Q3 24 | -9.3% | -0.8% | ||
| Q2 24 | -4.1% | 8.8% |
净利率FTHMPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | -7.4% | -1.2% | ||
| Q3 25 | -3.8% | -13.3% | ||
| Q2 25 | -3.0% | 11.8% | ||
| Q1 25 | -6.1% | -11.4% | ||
| Q4 24 | -6.8% | -2.9% | ||
| Q3 24 | -9.7% | 0.2% | ||
| Q2 24 | -1.5% | 9.7% |
每股收益（稀释后）FTHMPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.20 | $-0.02 | ||
| Q3 25 | $-0.15 | $-0.44 | ||
| Q2 25 | $-0.13 | $0.39 | ||
| Q1 25 | $-0.24 | $-0.30 | ||
| Q4 24 | $-0.29 | $-0.06 | ||
| Q3 24 | $-0.40 | $0.01 | ||
| Q2 24 | $-0.07 | $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 | $5.8M | $131.8M |
| 总债务越低越好 | $5.6M | $241.5M |
| 股东权益账面价值 | $37.4M | — |
| 总资产 | $78.0M | $502.5M |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FTHMPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $5.8M | $175.3M | ||
| Q3 25 | $9.8M | $190.1M | ||
| Q2 25 | $4.9M | $193.2M | ||
| Q1 25 | $8.0M | $147.9M | ||
| Q4 24 | $7.1M | $164.7M | ||
| Q3 24 | $13.1M | $170.3M | ||
| Q2 24 | $10.4M | $220.2M |
总债务FTHMPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $5.6M | $280.9M | ||
| Q3 25 | $5.1M | $280.4M | ||
| Q2 25 | $5.1M | — | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $9.5M | $283.5M | ||
| Q3 24 | $8.8M | — | ||
| Q2 24 | $3.6M | — |
股东权益FTHMPI
| Q1 26 | — | — | ||
| Q4 25 | $37.4M | $209.2M | ||
| Q3 25 | $43.4M | $195.0M | ||
| Q2 25 | $40.7M | $187.7M | ||
| Q1 25 | $43.4M | $160.6M | ||
| Q4 24 | $44.7M | $149.9M | ||
| Q3 24 | $47.1M | $136.1M | ||
| Q2 24 | $53.1M | $117.0M |
总资产FTHMPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $78.0M | $545.2M | ||
| Q3 25 | $83.2M | $516.5M | ||
| Q2 25 | $80.4M | $508.8M | ||
| Q1 25 | $81.0M | $479.8M | ||
| Q4 24 | $75.4M | $489.1M | ||
| Q3 24 | $80.9M | $476.4M | ||
| Q2 24 | $80.2M | $446.1M |
负债/权益比FTHMPI
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | 1.34× | ||
| Q3 25 | 0.12× | 1.44× | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.21× | 1.89× | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.07× | — |
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 | $-20.5M | — |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | $2.2M |
| 自由现金流率自由现金流/营收 | -22.8% | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $-29.4M | $61.1M |
8季度趋势，按日历期对齐
经营现金流FTHMPI
| Q1 26 | — | — | ||
| Q4 25 | $-20.5M | $15.1M | ||
| Q3 25 | $3.0M | $20.9M | ||
| Q2 25 | $-5.9M | $33.9M | ||
| Q1 25 | $-5.7M | $-11.1M | ||
| Q4 24 | $-4.7M | $12.6M | ||
| Q3 24 | $-330.0K | $10.1M | ||
| Q2 24 | $-3.1M | $45.5M |
自由现金流FTHMPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $-20.7M | $13.6M | ||
| Q3 25 | $3.0M | $18.0M | ||
| Q2 25 | $-6.0M | $27.3M | ||
| Q1 25 | $-5.8M | $-13.0M | ||
| Q4 24 | $-4.7M | $8.5M | ||
| Q3 24 | $-364.0K | $4.7M | ||
| Q2 24 | $-3.1M | $44.1M |
自由现金流率FTHMPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | -22.8% | 14.7% | ||
| Q3 25 | 2.6% | 18.7% | ||
| Q2 25 | -4.9% | 27.9% | ||
| Q1 25 | -6.2% | -17.5% | ||
| Q4 24 | -5.2% | 9.3% | ||
| Q3 24 | -0.4% | 4.9% | ||
| Q2 24 | -3.5% | 43.0% |
资本支出强度FTHMPI
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 1.6% | ||
| Q3 25 | 0.0% | 3.1% | ||
| Q2 25 | 0.0% | 6.7% | ||
| Q1 25 | 0.0% | 2.5% | ||
| Q4 24 | 0.1% | 4.5% | ||
| Q3 24 | 0.0% | 5.7% | ||
| Q2 24 | 0.0% | 1.3% |
现金转化率FTHMPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
PI
暂无分部数据
