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INSTEEL INDUSTRIES INC（IIIN）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
INSTEEL INDUSTRIES INC的季度营收约是IMPINJ INC的1.7倍（$159.9M vs $92.8M），INSTEEL INDUSTRIES INC净利率更高（4.7% vs -1.2%，领先6.0%），INSTEEL INDUSTRIES INC同比增速更快（23.3% vs 1.4%），IMPINJ INC自由现金流更多（$13.6M vs $-2.2M），过去两年INSTEEL INDUSTRIES INC的营收复合增速更高（12.0% vs 9.9%）
Insteel Industries Inc是美国领先的钢材加固产品制造商，主营焊接钢筋网、工程结构网、钢纤维等产品，主要服务北美地区非住宅建筑、基础设施、预制混凝土构件等领域客户，提供高性能建筑加固解决方案。
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。
IIIN vs PI — 直观对比
营收规模更大
IIIN
是对方的1.7倍
$92.8M
营收增速更快
IIIN
高出21.9%
1.4%
净利率更高
IIIN
高出6.0%
-1.2%
自由现金流更多
PI
多$15.8M
$-2.2M
两年增速更快
IIIN
近两年复合增速
9.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $159.9M | $92.8M |
| 净利润 | $7.6M | $-1.1M |
| 毛利率 | 11.3% | 51.8% |
| 营业利润率 | 6.0% | -2.9% |
| 净利率 | 4.7% | -1.2% |
| 营收同比 | 23.3% | 1.4% |
| 净利润同比 | 602.4% | 57.7% |
| 每股收益（稀释后） | $0.39 | $-0.02 |
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IIINPI
| Q4 25 | $159.9M | $92.8M | ||
| Q3 25 | $177.4M | $96.1M | ||
| Q2 25 | $179.9M | $97.9M | ||
| Q1 25 | $160.7M | $74.3M | ||
| Q4 24 | $129.7M | $91.6M | ||
| Q3 24 | $134.3M | $95.2M | ||
| Q2 24 | $145.8M | $102.5M | ||
| Q1 24 | $127.4M | $76.8M |
净利润IIINPI
| Q4 25 | $7.6M | $-1.1M | ||
| Q3 25 | $14.6M | $-12.8M | ||
| Q2 25 | $15.2M | $11.6M | ||
| Q1 25 | $10.2M | $-8.5M | ||
| Q4 24 | $1.1M | $-2.7M | ||
| Q3 24 | $4.7M | $221.0K | ||
| Q2 24 | $6.6M | $10.0M | ||
| Q1 24 | $6.9M | $33.3M |
毛利率IIINPI
| Q4 25 | 11.3% | 51.8% | ||
| Q3 25 | 16.1% | 50.3% | ||
| Q2 25 | 17.1% | 57.8% | ||
| Q1 25 | 15.3% | 49.4% | ||
| Q4 24 | 7.3% | 50.5% | ||
| Q3 24 | 9.1% | 50.0% | ||
| Q2 24 | 10.6% | 56.1% | ||
| Q1 24 | 12.3% | 48.9% |
营业利润率IIINPI
| Q4 25 | 6.0% | -2.9% | ||
| Q3 25 | 10.8% | 0.7% | ||
| Q2 25 | 11.0% | 11.1% | ||
| Q1 25 | 8.3% | -12.9% | ||
| Q4 24 | 1.1% | -3.9% | ||
| Q3 24 | 4.5% | -0.8% | ||
| Q2 24 | 6.0% | 8.8% | ||
| Q1 24 | 7.0% | -15.3% |
净利率IIINPI
| Q4 25 | 4.7% | -1.2% | ||
| Q3 25 | 8.2% | -13.3% | ||
| Q2 25 | 8.4% | 11.8% | ||
| Q1 25 | 6.4% | -11.4% | ||
| Q4 24 | 0.8% | -2.9% | ||
| Q3 24 | 3.5% | 0.2% | ||
| Q2 24 | 4.5% | 9.7% | ||
| Q1 24 | 5.4% | 43.4% |
每股收益（稀释后）IIINPI
| Q4 25 | $0.39 | $-0.02 | ||
| Q3 25 | $0.74 | $-0.44 | ||
| Q2 25 | $0.78 | $0.39 | ||
| Q1 25 | $0.52 | $-0.30 | ||
| Q4 24 | $0.06 | $-0.06 | ||
| Q3 24 | $0.24 | $0.01 | ||
| Q2 24 | $0.34 | $0.34 | ||
| Q1 24 | $0.35 | $1.10 |
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 | $15.6M | $175.3M |
| 总债务越低越好 | — | $280.9M |
| 股东权益账面价值 | $358.8M | $209.2M |
| 总资产 | $456.1M | $545.2M |
| 负债/权益比越低杠杆越低 | — | 1.34× |
8季度趋势，按日历期对齐
现金及短期投资IIINPI
| Q4 25 | $15.6M | $175.3M | ||
| Q3 25 | $38.6M | $190.1M | ||
| Q2 25 | $53.7M | $193.2M | ||
| Q1 25 | $28.4M | $147.9M | ||
| Q4 24 | $36.0M | $164.7M | ||
| Q3 24 | $111.5M | $170.3M | ||
| Q2 24 | $97.7M | $220.2M | ||
| Q1 24 | $83.9M | $174.1M |
总债务IIINPI
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IIINPI
| Q4 25 | $358.8M | $209.2M | ||
| Q3 25 | $371.5M | $195.0M | ||
| Q2 25 | $356.2M | $187.7M | ||
| Q1 25 | $341.4M | $160.6M | ||
| Q4 24 | $331.6M | $149.9M | ||
| Q3 24 | $350.9M | $136.1M | ||
| Q2 24 | $346.0M | $117.0M | ||
| Q1 24 | $340.6M | $85.9M |
总资产IIINPI
| Q4 25 | $456.1M | $545.2M | ||
| Q3 25 | $462.6M | $516.5M | ||
| Q2 25 | $471.9M | $508.8M | ||
| Q1 25 | $421.9M | $479.8M | ||
| Q4 24 | $404.7M | $489.1M | ||
| Q3 24 | $422.6M | $476.4M | ||
| Q2 24 | $414.6M | $446.1M | ||
| Q1 24 | $397.2M | $413.9M |
负债/权益比IIINPI
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-701.0K | $15.1M |
| 自由现金流经营现金流 - 资本支出 | $-2.2M | $13.6M |
| 自由现金流率自由现金流/营收 | -1.4% | 14.7% |
| 资本支出强度资本支出/营收 | 0.9% | 1.6% |
| 现金转化率经营现金流/净利润 | -0.09× | — |
| 过去12个月自由现金流最近4个季度 | $439.0K | $45.9M |
8季度趋势，按日历期对齐
经营现金流IIINPI
| Q4 25 | $-701.0K | $15.1M | ||
| Q3 25 | $-17.0M | $20.9M | ||
| Q2 25 | $28.5M | $33.9M | ||
| Q1 25 | $-3.3M | $-11.1M | ||
| Q4 24 | $19.0M | $12.6M | ||
| Q3 24 | $16.2M | $10.1M | ||
| Q2 24 | $18.8M | $45.5M | ||
| Q1 24 | $1.4M | $60.1M |
自由现金流IIINPI
| Q4 25 | $-2.2M | $13.6M | ||
| Q3 25 | $-18.7M | $18.0M | ||
| Q2 25 | $26.9M | $27.3M | ||
| Q1 25 | $-5.5M | $-13.0M | ||
| Q4 24 | $16.3M | $8.5M | ||
| Q3 24 | $14.5M | $4.7M | ||
| Q2 24 | $15.5M | $44.1M | ||
| Q1 24 | $-580.0K | $53.9M |
自由现金流率IIINPI
| Q4 25 | -1.4% | 14.7% | ||
| Q3 25 | -10.6% | 18.7% | ||
| Q2 25 | 15.0% | 27.9% | ||
| Q1 25 | -3.5% | -17.5% | ||
| Q4 24 | 12.6% | 9.3% | ||
| Q3 24 | 10.8% | 4.9% | ||
| Q2 24 | 10.7% | 43.0% | ||
| Q1 24 | -0.5% | 70.2% |
资本支出强度IIINPI
| Q4 25 | 0.9% | 1.6% | ||
| Q3 25 | 1.0% | 3.1% | ||
| Q2 25 | 0.9% | 6.7% | ||
| Q1 25 | 1.4% | 2.5% | ||
| Q4 24 | 2.1% | 4.5% | ||
| Q3 24 | 1.3% | 5.7% | ||
| Q2 24 | 2.2% | 1.3% | ||
| Q1 24 | 1.5% | 8.1% |
现金转化率IIINPI
| Q4 25 | -0.09× | — | ||
| Q3 25 | -1.17× | — | ||
| Q2 25 | 1.88× | 2.93× | ||
| Q1 25 | -0.32× | — | ||
| Q4 24 | 17.56× | — | ||
| Q3 24 | 3.48× | 45.56× | ||
| Q2 24 | 2.86× | 4.56× | ||
| Q1 24 | 0.20× | 1.80× |
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
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
PI
| Endpoint I Cs | $75.2M | 81% |
| Systems | $17.7M | 19% |
