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Hut 8 Corp.（HUT）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
Hut 8 Corp.的季度营收约是IMPINJ INC的1.2倍（$88.5M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -316.0%，领先327.2%），Hut 8 Corp.同比增速更快（179.2% vs -0.0%），过去两年Hut 8 Corp.的营收复合增速更高（30.8% vs -14.9%）
Tropical Hut是菲律宾水星集团旗下的快餐连锁品牌，是菲律宾历史第七悠久的餐饮连锁品牌，创立时间早于1978年成立的快乐蜂及1981年进入菲律宾市场的麦当劳。
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。
HUT vs PI — 直观对比
营收规模更大
HUT
是对方的1.2倍
$74.3M
营收增速更快
HUT
高出179.3%
-0.0%
净利率更高
PI
高出327.2%
-316.0%
两年增速更快
HUT
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $88.5M | $74.3M |
| 净利润 | $-279.7M | $8.3M |
| 毛利率 | 60.4% | 49.1% |
| 营业利润率 | -491.4% | 30.5% |
| 净利率 | -316.0% | 11.2% |
| 营收同比 | 179.2% | -0.0% |
| 净利润同比 | -283.7% | — |
| 每股收益（稀释后） | $-2.45 | $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HUTPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $88.5M | $92.8M | ||
| Q3 25 | $83.5M | $96.1M | ||
| Q2 25 | $41.3M | $97.9M | ||
| Q1 25 | $21.8M | $74.3M | ||
| Q4 24 | $31.7M | $91.6M | ||
| Q3 24 | $43.7M | $95.2M | ||
| Q2 24 | $35.2M | $102.5M |
净利润HUTPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-279.7M | $-1.1M | ||
| Q3 25 | $50.1M | $-12.8M | ||
| Q2 25 | $137.3M | $11.6M | ||
| Q1 25 | $-133.9M | $-8.5M | ||
| Q4 24 | $152.2M | $-2.7M | ||
| Q3 24 | $647.0K | $221.0K | ||
| Q2 24 | $-71.9M | $10.0M |
毛利率HUTPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | 60.4% | 51.8% | ||
| Q3 25 | 61.3% | 50.3% | ||
| Q2 25 | 47.3% | 57.8% | ||
| Q1 25 | 14.5% | 49.4% | ||
| Q4 24 | 35.9% | 50.5% | ||
| Q3 24 | 59.9% | 50.0% | ||
| Q2 24 | 41.4% | 56.1% |
营业利润率HUTPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | -491.4% | -2.9% | ||
| Q3 25 | 87.0% | 0.7% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | -676.8% | -12.9% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | -3.6% | -0.8% | ||
| Q2 24 | -246.2% | 8.8% |
净利率HUTPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | -316.0% | -1.2% | ||
| Q3 25 | 60.0% | -13.3% | ||
| Q2 25 | 332.5% | 11.8% | ||
| Q1 25 | -613.7% | -11.4% | ||
| Q4 24 | 480.3% | -2.9% | ||
| Q3 24 | 1.5% | 0.2% | ||
| Q2 24 | -204.1% | 9.7% |
每股收益（稀释后）HUTPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-2.45 | $-0.02 | ||
| Q3 25 | $0.43 | $-0.44 | ||
| Q2 25 | $1.18 | $0.39 | ||
| Q1 25 | $-1.30 | $-0.30 | ||
| Q4 24 | $1.41 | $-0.06 | ||
| Q3 24 | $0.01 | $0.01 | ||
| Q2 24 | $-0.78 | $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 | $44.9M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $1.4B | — |
| 总资产 | $2.8B | $502.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HUTPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $44.9M | $175.3M | ||
| Q3 25 | $33.5M | $190.1M | ||
| Q2 25 | $216.3M | $193.2M | ||
| Q1 25 | $108.4M | $147.9M | ||
| Q4 24 | $85.0M | $164.7M | ||
| Q3 24 | — | $170.3M | ||
| Q2 24 | — | $220.2M |
总债务HUTPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $300.6M | $283.5M | ||
| Q3 24 | $297.3M | — | ||
| Q2 24 | $328.8M | — |
股东权益HUTPI
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $209.2M | ||
| Q3 25 | $1.4B | $195.0M | ||
| Q2 25 | $1.3B | $187.7M | ||
| Q1 25 | $960.0M | $160.6M | ||
| Q4 24 | $976.7M | $149.9M | ||
| Q3 24 | $703.9M | $136.1M | ||
| Q2 24 | $660.1M | $117.0M |
总资产HUTPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $2.8B | $545.2M | ||
| Q3 25 | $2.7B | $516.5M | ||
| Q2 25 | $2.0B | $508.8M | ||
| Q1 25 | $1.6B | $479.8M | ||
| Q4 24 | $1.5B | $489.1M | ||
| Q3 24 | $1.1B | $476.4M | ||
| Q2 24 | $1.1B | $446.1M |
负债/权益比HUTPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.31× | 1.89× | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.50× | — |
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 | $-139.2M | — |
| 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HUTPI
| Q1 26 | — | — | ||
| Q4 25 | $-139.2M | $15.1M | ||
| Q3 25 | $770.0K | $20.9M | ||
| Q2 25 | $-48.8M | $33.9M | ||
| Q1 25 | $-33.8M | $-11.1M | ||
| Q4 24 | $-68.5M | $12.6M | ||
| Q3 24 | $-4.2M | $10.1M | ||
| Q2 24 | $-16.4M | $45.5M |
自由现金流HUTPI
| 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HUTPI
| 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HUTPI
| 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HUTPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | -0.36× | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.45× | — | ||
| Q3 24 | -6.49× | 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
HUT
| High Performance Computing Colocation And Cloud | $81.9M | 93% |
| Power | $5.0M | 6% |
| Digital Infrastructure | $1.6M | 2% |
PI
暂无分部数据
