vs
HERITAGE COMMERCE CORP（HTBK）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HERITAGE COMMERCE CORP的1.4倍（$74.3M vs $53.6M），HERITAGE COMMERCE CORP净利率更高（28.2% vs 11.2%，领先17.0%），HERITAGE COMMERCE CORP同比增速更快（15.6% vs -0.0%），HERITAGE COMMERCE CORP自由现金流更多（$61.3M vs $2.2M），过去两年HERITAGE COMMERCE CORP的营收复合增速更高（12.8% vs -14.9%）
本文介绍的企业主体信息与内容描述不符，描述内容实际为美国商会，该商会成立于1912年4月23日，是美国规模最大的游说类商业协会 advocacy 团体，成立之初得益于时任总统威廉·霍华德·塔夫脱与劳工商务部长查尔斯·内格尔推动，旨在代表工商界发声。
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。
HTBK vs PI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $53.6M | $74.3M |
| 净利润 | $15.1M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | 41.0% | 30.5% |
| 净利率 | 28.2% | 11.2% |
| 营收同比 | 15.6% | -0.0% |
| 净利润同比 | 42.3% | — |
| 每股收益（稀释后） | $0.25 | $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 | $53.6M | $92.8M | ||
| Q3 25 | $50.0M | $96.1M | ||
| Q2 25 | $47.8M | $97.9M | ||
| Q1 25 | $46.1M | $74.3M | ||
| Q4 24 | $46.4M | $91.6M | ||
| Q3 24 | $42.2M | $95.2M | ||
| Q2 24 | $41.7M | $102.5M |
| Q1 26 | — | $8.3M | ||
| Q4 25 | $15.1M | $-1.1M | ||
| Q3 25 | $14.7M | $-12.8M | ||
| Q2 25 | $6.4M | $11.6M | ||
| Q1 25 | $11.6M | $-8.5M | ||
| Q4 24 | $10.6M | $-2.7M | ||
| Q3 24 | $10.5M | $221.0K | ||
| Q2 24 | $9.2M | $10.0M |
| 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% |
| Q1 26 | — | 30.5% | ||
| Q4 25 | 41.0% | -2.9% | ||
| Q3 25 | 41.1% | 0.7% | ||
| Q2 25 | 18.7% | 11.1% | ||
| Q1 25 | 35.4% | -12.9% | ||
| Q4 24 | 31.8% | -3.9% | ||
| Q3 24 | 34.3% | -0.8% | ||
| Q2 24 | 31.3% | 8.8% |
| Q1 26 | — | 11.2% | ||
| Q4 25 | 28.2% | -1.2% | ||
| Q3 25 | 29.4% | -13.3% | ||
| Q2 25 | 13.4% | 11.8% | ||
| Q1 25 | 25.2% | -11.4% | ||
| Q4 24 | 22.9% | -2.9% | ||
| Q3 24 | 24.9% | 0.2% | ||
| Q2 24 | 22.1% | 9.7% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.25 | $-0.02 | ||
| Q3 25 | $0.24 | $-0.44 | ||
| Q2 25 | $0.10 | $0.39 | ||
| Q1 25 | $0.19 | $-0.30 | ||
| Q4 24 | $0.17 | $-0.06 | ||
| Q3 24 | $0.17 | $0.01 | ||
| Q2 24 | $0.15 | $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 | — | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $708.6M | — |
| 总资产 | $5.8B | $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 | — | $175.3M | ||
| Q3 25 | — | $190.1M | ||
| Q2 25 | — | $193.2M | ||
| Q1 25 | — | $147.9M | ||
| Q4 24 | — | $164.7M | ||
| Q3 24 | — | $170.3M | ||
| Q2 24 | — | $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 | $708.6M | $209.2M | ||
| Q3 25 | $700.0M | $195.0M | ||
| Q2 25 | $694.7M | $187.7M | ||
| Q1 25 | $696.2M | $160.6M | ||
| Q4 24 | $689.7M | $149.9M | ||
| Q3 24 | $685.4M | $136.1M | ||
| Q2 24 | $679.2M | $117.0M |
| Q1 26 | — | $502.5M | ||
| Q4 25 | $5.8B | $545.2M | ||
| Q3 25 | $5.6B | $516.5M | ||
| Q2 25 | $5.5B | $508.8M | ||
| Q1 25 | $5.5B | $479.8M | ||
| Q4 24 | $5.6B | $489.1M | ||
| Q3 24 | $5.6B | $476.4M | ||
| Q2 24 | $5.3B | $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 | $61.7M | — |
| 自由现金流经营现金流 - 资本支出 | $61.3M | $2.2M |
| 自由现金流率自由现金流/营收 | 114.3% | 3.0% |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | 4.08× | — |
| 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
| Q1 26 | — | — | ||
| Q4 25 | $61.7M | $15.1M | ||
| Q3 25 | $18.9M | $20.9M | ||
| Q2 25 | $8.0M | $33.9M | ||
| Q1 25 | $14.8M | $-11.1M | ||
| Q4 24 | $39.0M | $12.6M | ||
| Q3 24 | $5.3M | $10.1M | ||
| Q2 24 | $10.5M | $45.5M |
| Q1 26 | — | $2.2M | ||
| Q4 25 | $61.3M | $13.6M | ||
| Q3 25 | $18.8M | $18.0M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $-13.0M | ||
| Q4 24 | $37.3M | $8.5M | ||
| Q3 24 | $4.9M | $4.7M | ||
| Q2 24 | $9.9M | $44.1M |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 114.3% | 14.7% | ||
| Q3 25 | 37.7% | 18.7% | ||
| Q2 25 | — | 27.9% | ||
| Q1 25 | — | -17.5% | ||
| Q4 24 | 80.5% | 9.3% | ||
| Q3 24 | 11.6% | 4.9% | ||
| Q2 24 | 23.6% | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 1.6% | ||
| Q3 25 | 0.1% | 3.1% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 3.5% | 4.5% | ||
| Q3 24 | 1.0% | 5.7% | ||
| Q2 24 | 1.6% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.08× | — | ||
| Q3 25 | 1.28× | — | ||
| Q2 25 | 1.25× | 2.93× | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 0.50× | 45.56× | ||
| Q2 24 | 1.14× | 4.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
