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Globalstar, Inc.（GSAT）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Globalstar, Inc.的1.0倍（$74.3M vs $72.0M），IMPINJ INC净利率更高（11.2% vs -16.1%，领先27.3%），Globalstar, Inc.同比增速更快（17.6% vs -0.0%），过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs -14.9%）
Globalstar Inc.是一家美国电信企业，运营近地轨道卫星星座，可提供卫星电话、低速数据传输及对地观测服务，其第二代卫星星座由25颗卫星组成，相关服务可覆盖全球大部分区域的通信及遥感需求。
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。
GSAT vs PI — 直观对比
营收规模更大
PI
是对方的1.0倍
$72.0M
营收增速更快
GSAT
高出17.7%
-0.0%
净利率更高
PI
高出27.3%
-16.1%
两年增速更快
GSAT
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $74.3M |
| 净利润 | $-11.6M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | -0.5% | 30.5% |
| 净利率 | -16.1% | 11.2% |
| 营收同比 | 17.6% | -0.0% |
| 净利润同比 | 76.9% | — |
| 每股收益（稀释后） | $-0.11 | $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GSATPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $72.0M | $92.8M | ||
| Q3 25 | $73.8M | $96.1M | ||
| Q2 25 | $67.1M | $97.9M | ||
| Q1 25 | $60.0M | $74.3M | ||
| Q4 24 | $61.2M | $91.6M | ||
| Q3 24 | $72.3M | $95.2M | ||
| Q2 24 | $60.4M | $102.5M |
净利润GSATPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-11.6M | $-1.1M | ||
| Q3 25 | $1.1M | $-12.8M | ||
| Q2 25 | $19.2M | $11.6M | ||
| Q1 25 | $-17.3M | $-8.5M | ||
| Q4 24 | $-50.2M | $-2.7M | ||
| Q3 24 | $9.9M | $221.0K | ||
| Q2 24 | $-9.7M | $10.0M |
毛利率GSATPI
| 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GSATPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | -0.5% | -2.9% | ||
| Q3 25 | 13.8% | 0.7% | ||
| Q2 25 | 9.2% | 11.1% | ||
| Q1 25 | -14.2% | -12.9% | ||
| Q4 24 | -6.9% | -3.9% | ||
| Q3 24 | 13.0% | -0.8% | ||
| Q2 24 | -2.4% | 8.8% |
净利率GSATPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | -16.1% | -1.2% | ||
| Q3 25 | 1.5% | -13.3% | ||
| Q2 25 | 28.6% | 11.8% | ||
| Q1 25 | -28.9% | -11.4% | ||
| Q4 24 | -82.1% | -2.9% | ||
| Q3 24 | 13.7% | 0.2% | ||
| Q2 24 | -16.0% | 9.7% |
每股收益（稀释后）GSATPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.11 | $-0.02 | ||
| Q3 25 | $-0.01 | $-0.44 | ||
| Q2 25 | $0.13 | $0.39 | ||
| Q1 25 | $-0.16 | $-0.30 | ||
| Q4 24 | $-0.57 | $-0.06 | ||
| Q3 24 | $0.00 | $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 | $447.5M | $131.8M |
| 总债务越低越好 | $483.8M | $241.5M |
| 股东权益账面价值 | $355.7M | — |
| 总资产 | $2.3B | $502.5M |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资GSATPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $447.5M | $175.3M | ||
| Q3 25 | $346.3M | $190.1M | ||
| Q2 25 | $308.2M | $193.2M | ||
| Q1 25 | $241.4M | $147.9M | ||
| Q4 24 | $391.2M | $164.7M | ||
| Q3 24 | $51.9M | $170.3M | ||
| Q2 24 | $64.3M | $220.2M |
总债务GSATPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $483.8M | $280.9M | ||
| Q3 25 | $508.6M | $280.4M | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | — | ||
| Q4 24 | $511.4M | $283.5M | ||
| Q3 24 | $394.4M | — | ||
| Q2 24 | $393.1M | — |
股东权益GSATPI
| Q1 26 | — | — | ||
| Q4 25 | $355.7M | $209.2M | ||
| Q3 25 | $364.8M | $195.0M | ||
| Q2 25 | $360.9M | $187.7M | ||
| Q1 25 | $344.3M | $160.6M | ||
| Q4 24 | $358.9M | $149.9M | ||
| Q3 24 | $394.1M | $136.1M | ||
| Q2 24 | $383.0M | $117.0M |
总资产GSATPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $2.3B | $545.2M | ||
| Q3 25 | $2.2B | $516.5M | ||
| Q2 25 | $1.9B | $508.8M | ||
| Q1 25 | $1.7B | $479.8M | ||
| Q4 24 | $1.7B | $489.1M | ||
| Q3 24 | $917.6M | $476.4M | ||
| Q2 24 | $926.2M | $446.1M |
负债/权益比GSATPI
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 1.34× | ||
| Q3 25 | 1.39× | 1.44× | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 1.43× | 1.89× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.03× | — |
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 | $175.9M | — |
| 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 | — | — |
| 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GSATPI
| Q1 26 | — | — | ||
| Q4 25 | $175.9M | $15.1M | ||
| Q3 25 | $236.0M | $20.9M | ||
| Q2 25 | $157.9M | $33.9M | ||
| Q1 25 | $51.9M | $-11.1M | ||
| Q4 24 | $340.7M | $12.6M | ||
| Q3 24 | $32.0M | $10.1M | ||
| Q2 24 | $36.7M | $45.5M |
自由现金流GSATPI
| 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GSATPI
| 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GSATPI
| 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GSATPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | 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
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
PI
暂无分部数据
