vs
HARTE HANKS INC（HHS）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HARTE HANKS INC的1.9倍（$74.3M vs $39.9M），IMPINJ INC净利率更高（11.2% vs 5.5%，领先5.7%），IMPINJ INC同比增速更快（-0.0% vs -15.4%），IMPINJ INC自由现金流更多（$2.2M vs $-686.0K），过去两年HARTE HANKS INC的营收复合增速更高（-6.4% vs -14.9%）
哈特·汉克斯是一家总部位于美国马萨诸塞州波士顿的全球营销服务企业，主营业务涵盖数据分析、营销战略规划、营销技术支持、创意服务、数字营销、客户服务、直邮服务以及物流履约等多个领域，为全球客户提供全方位的营销解决方案。
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。
HHS vs PI — 直观对比
营收规模更大
PI
是对方的1.9倍
$39.9M
营收增速更快
PI
高出15.4%
-15.4%
净利率更高
PI
高出5.7%
5.5%
自由现金流更多
PI
多$2.9M
$-686.0K
两年增速更快
HHS
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $39.9M | $74.3M |
| 净利润 | $2.2M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | -0.3% | 30.5% |
| 净利率 | 5.5% | 11.2% |
| 营收同比 | -15.4% | -0.0% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.30 | $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HHSPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $39.9M | $92.8M | ||
| Q3 25 | $39.5M | $96.1M | ||
| Q2 25 | $38.6M | $97.9M | ||
| Q1 25 | $41.6M | $74.3M | ||
| Q4 24 | $47.1M | $91.6M | ||
| Q3 24 | $47.6M | $95.2M | ||
| Q2 24 | $45.0M | $102.5M |
净利润HHSPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $2.2M | $-1.1M | ||
| Q3 25 | $-2.3M | $-12.8M | ||
| Q2 25 | $-335.0K | $11.6M | ||
| Q1 25 | $-392.0K | $-8.5M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $142.0K | $221.0K | ||
| Q2 24 | $-27.8M | $10.0M |
毛利率HHSPI
| 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HHSPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | -0.3% | -2.9% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 0.1% | 11.1% | ||
| Q1 25 | -0.1% | -12.9% | ||
| Q4 24 | -3.3% | -3.9% | ||
| Q3 24 | 4.0% | -0.8% | ||
| Q2 24 | 3.0% | 8.8% |
净利率HHSPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 5.5% | -1.2% | ||
| Q3 25 | -5.8% | -13.3% | ||
| Q2 25 | -0.9% | 11.8% | ||
| Q1 25 | -0.9% | -11.4% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 0.3% | 0.2% | ||
| Q2 24 | -61.8% | 9.7% |
每股收益（稀释后）HHSPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.30 | $-0.02 | ||
| Q3 25 | $-0.31 | $-0.44 | ||
| Q2 25 | $-0.05 | $0.39 | ||
| Q1 25 | $-0.05 | $-0.30 | ||
| Q4 24 | $-0.31 | $-0.06 | ||
| Q3 24 | $0.02 | $0.01 | ||
| Q2 24 | $-3.84 | $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 | $5.6M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $20.5M | — |
| 总资产 | $91.8M | $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HHSPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $5.6M | $175.3M | ||
| Q3 25 | $6.5M | $190.1M | ||
| Q2 25 | $4.8M | $193.2M | ||
| Q1 25 | $9.0M | $147.9M | ||
| Q4 24 | $9.8M | $164.7M | ||
| Q3 24 | $5.9M | $170.3M | ||
| Q2 24 | $11.0M | $220.2M |
总债务HHSPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HHSPI
| Q1 26 | — | — | ||
| Q4 25 | $20.5M | $209.2M | ||
| Q3 25 | $19.9M | $195.0M | ||
| Q2 25 | $22.2M | $187.7M | ||
| Q1 25 | $21.4M | $160.6M | ||
| Q4 24 | $21.7M | $149.9M | ||
| Q3 24 | $21.0M | $136.1M | ||
| Q2 24 | $20.6M | $117.0M |
总资产HHSPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $91.8M | $545.2M | ||
| Q3 25 | $92.7M | $516.5M | ||
| Q2 25 | $95.0M | $508.8M | ||
| Q1 25 | $100.6M | $479.8M | ||
| Q4 24 | $101.8M | $489.1M | ||
| Q3 24 | $108.1M | $476.4M | ||
| Q2 24 | $109.7M | $446.1M |
负债/权益比HHSPI
| 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 | $737.0K | — |
| 自由现金流经营现金流 - 资本支出 | $-686.0K | $2.2M |
| 自由现金流率自由现金流/营收 | -1.7% | 3.0% |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 现金转化率经营现金流/净利润 | 0.33× | — |
| 过去12个月自由现金流最近4个季度 | $-4.5M | $61.1M |
8季度趋势，按日历期对齐
经营现金流HHSPI
| Q1 26 | — | — | ||
| Q4 25 | $737.0K | $15.1M | ||
| Q3 25 | $3.2M | $20.9M | ||
| Q2 25 | $-4.8M | $33.9M | ||
| Q1 25 | $-818.0K | $-11.1M | ||
| Q4 24 | $4.0M | $12.6M | ||
| Q3 24 | $-2.9M | $10.1M | ||
| Q2 24 | $1.6M | $45.5M |
自由现金流HHSPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $-686.0K | $13.6M | ||
| Q3 25 | $2.2M | $18.0M | ||
| Q2 25 | $-5.1M | $27.3M | ||
| Q1 25 | $-923.0K | $-13.0M | ||
| Q4 24 | $3.4M | $8.5M | ||
| Q3 24 | $-4.9M | $4.7M | ||
| Q2 24 | $926.0K | $44.1M |
自由现金流率HHSPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | -1.7% | 14.7% | ||
| Q3 25 | 5.5% | 18.7% | ||
| Q2 25 | -13.1% | 27.9% | ||
| Q1 25 | -2.2% | -17.5% | ||
| Q4 24 | 7.3% | 9.3% | ||
| Q3 24 | -10.2% | 4.9% | ||
| Q2 24 | 2.1% | 43.0% |
资本支出强度HHSPI
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 1.6% | ||
| Q3 25 | 2.5% | 3.1% | ||
| Q2 25 | 0.6% | 6.7% | ||
| Q1 25 | 0.3% | 2.5% | ||
| Q4 24 | 1.3% | 4.5% | ||
| Q3 24 | 4.0% | 5.7% | ||
| Q2 24 | 1.5% | 1.3% |
现金转化率HHSPI
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -20.76× | 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
HHS
| Fulfillment And Logistics Services | $17.3M | 43% |
| Customer Care | $13.7M | 34% |
| Other | $8.9M | 22% |
PI
暂无分部数据
