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牛津地产（IIPR）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的季度营收约是牛津地产的1.1倍（$74.3M vs $66.7M），牛津地产净利率更高（47.8% vs 11.2%，领先36.6%），IMPINJ INC同比增速更快（-0.0% vs -13.1%），过去两年牛津地产的营收复合增速更高（-6.0% vs -14.9%）
牛津地产是一家加拿大跨国企业，业务涵盖房地产投资、开发与物业管理。其投资组合包含写字楼、零售、工业、多户住宅、生命科学及酒店类资产。该公司1960年以私营企业形式创立，自2003年起成为安大略省市政雇员退休系统（OMERS）的全资子公司，总部设于多伦多，在纽约、伦敦、澳大利亚、新加坡及卢森堡均设有区域总部。
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。
IIPR vs PI — 直观对比
营收规模更大
PI
是对方的1.1倍
$66.7M
营收增速更快
PI
高出13.1%
-13.1%
净利率更高
IIPR
高出36.6%
11.2%
两年增速更快
IIPR
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.7M | $74.3M |
| 净利润 | $31.8M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | 47.8% | 30.5% |
| 净利率 | 47.8% | 11.2% |
| 营收同比 | -13.1% | -0.0% |
| 净利润同比 | -20.4% | — |
| 每股收益（稀释后） | $1.07 | $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IIPRPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $66.7M | $92.8M | ||
| Q3 25 | $64.7M | $96.1M | ||
| Q2 25 | $62.9M | $97.9M | ||
| Q1 25 | $71.7M | $74.3M | ||
| Q4 24 | $76.7M | $91.6M | ||
| Q3 24 | $76.5M | $95.2M | ||
| Q2 24 | $79.8M | $102.5M |
净利润IIPRPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $31.8M | $-1.1M | ||
| Q3 25 | $29.3M | $-12.8M | ||
| Q2 25 | $26.0M | $11.6M | ||
| Q1 25 | $31.1M | $-8.5M | ||
| Q4 24 | $40.0M | $-2.7M | ||
| Q3 24 | $40.2M | $221.0K | ||
| Q2 24 | $42.0M | $10.0M |
毛利率IIPRPI
| 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IIPRPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | 47.8% | -2.9% | ||
| Q3 25 | 45.5% | 0.7% | ||
| Q2 25 | 45.9% | 11.1% | ||
| Q1 25 | 47.4% | -12.9% | ||
| Q4 24 | 54.7% | -3.9% | ||
| Q3 24 | 54.8% | -0.8% | ||
| Q2 24 | 53.1% | 8.8% |
净利率IIPRPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 47.8% | -1.2% | ||
| Q3 25 | 45.3% | -13.3% | ||
| Q2 25 | 41.4% | 11.8% | ||
| Q1 25 | 43.3% | -11.4% | ||
| Q4 24 | 52.2% | -2.9% | ||
| Q3 24 | 52.6% | 0.2% | ||
| Q2 24 | 52.6% | 9.7% |
每股收益（稀释后）IIPRPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $1.07 | $-0.02 | ||
| Q3 25 | $0.97 | $-0.44 | ||
| Q2 25 | $0.86 | $0.39 | ||
| Q1 25 | $1.03 | $-0.30 | ||
| Q4 24 | $1.35 | $-0.06 | ||
| Q3 24 | $1.37 | $0.01 | ||
| Q2 24 | $1.44 | $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 | $47.6M | $131.8M |
| 总债务越低越好 | $393.7M | $241.5M |
| 股东权益账面价值 | $1.8B | — |
| 总资产 | $2.4B | $502.5M |
| 负债/权益比越低杠杆越低 | 0.21× | — |
8季度趋势，按日历期对齐
现金及短期投资IIPRPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $47.6M | $175.3M | ||
| Q3 25 | $41.9M | $190.1M | ||
| Q2 25 | $104.9M | $193.2M | ||
| Q1 25 | $133.3M | $147.9M | ||
| Q4 24 | $151.2M | $164.7M | ||
| Q3 24 | $172.4M | $170.3M | ||
| Q2 24 | $160.9M | $220.2M |
总债务IIPRPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $393.7M | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IIPRPI
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $209.2M | ||
| Q3 25 | $1.9B | $195.0M | ||
| Q2 25 | $1.9B | $187.7M | ||
| Q1 25 | $1.9B | $160.6M | ||
| Q4 24 | $1.9B | $149.9M | ||
| Q3 24 | $1.9B | $136.1M | ||
| Q2 24 | $1.9B | $117.0M |
总资产IIPRPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $2.4B | $545.2M | ||
| Q3 25 | $2.3B | $516.5M | ||
| Q2 25 | $2.3B | $508.8M | ||
| Q1 25 | $2.4B | $479.8M | ||
| Q4 24 | $2.4B | $489.1M | ||
| Q3 24 | $2.4B | $476.4M | ||
| Q2 24 | $2.4B | $446.1M |
负债/权益比IIPRPI
| Q1 26 | — | — | ||
| Q4 25 | 0.21× | 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 | $198.2M | — |
| 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 | 6.22× | — |
| 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IIPRPI
| Q1 26 | — | — | ||
| Q4 25 | $198.2M | $15.1M | ||
| Q3 25 | $45.6M | $20.9M | ||
| Q2 25 | $48.4M | $33.9M | ||
| Q1 25 | $54.2M | $-11.1M | ||
| Q4 24 | $258.4M | $12.6M | ||
| Q3 24 | $64.9M | $10.1M | ||
| Q2 24 | $64.2M | $45.5M |
自由现金流IIPRPI
| 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IIPRPI
| 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IIPRPI
| 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IIPRPI
| Q1 26 | — | — | ||
| Q4 25 | 6.22× | — | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | 1.86× | 2.93× | ||
| Q1 25 | 1.75× | — | ||
| Q4 24 | 6.46× | — | ||
| Q3 24 | 1.61× | 45.56× | ||
| Q2 24 | 1.53× | 4.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
