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IMAX（IMAX）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
IMAX的季度营收约是IMPINJ INC的1.7倍（$125.2M vs $74.3M），IMPINJ INC净利率更高（11.2% vs 0.5%，领先10.7%），IMAX同比增速更快（35.1% vs -0.0%），IMAX自由现金流更多（$28.0M vs $2.2M），过去两年IMAX的营收复合增速更高（25.8% vs -14.9%）
IMAX公司是加拿大的影视放映技术企业，1967年创立于蒙特利尔，总部位于多伦多地区，在纽约、洛杉矶均设有业务点。核心业务包括IMAX摄影机与放映系统的设计制造，同时面向全球合作影院提供影片开发、制作、后期及发行服务，是沉浸式观影技术领域的领先企业。
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。
IMAX vs PI — 直观对比
营收规模更大
IMAX
是对方的1.7倍
$74.3M
营收增速更快
IMAX
高出35.1%
-0.0%
净利率更高
PI
高出10.7%
0.5%
自由现金流更多
IMAX
多$25.7M
$2.2M
两年增速更快
IMAX
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $125.2M | $74.3M |
| 净利润 | $637.0K | $8.3M |
| 毛利率 | 57.6% | 49.1% |
| 营业利润率 | 19.3% | 30.5% |
| 净利率 | 0.5% | 11.2% |
| 营收同比 | 35.1% | -0.0% |
| 净利润同比 | -88.0% | — |
| 每股收益（稀释后） | $0.02 | $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IMAXPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $125.2M | $92.8M | ||
| Q3 25 | $106.7M | $96.1M | ||
| Q2 25 | $91.7M | $97.9M | ||
| Q1 25 | $86.7M | $74.3M | ||
| Q4 24 | $92.7M | $91.6M | ||
| Q3 24 | $91.5M | $95.2M | ||
| Q2 24 | $89.0M | $102.5M |
净利润IMAXPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $637.0K | $-1.1M | ||
| Q3 25 | $20.7M | $-12.8M | ||
| Q2 25 | $11.3M | $11.6M | ||
| Q1 25 | $2.3M | $-8.5M | ||
| Q4 24 | $5.3M | $-2.7M | ||
| Q3 24 | $13.9M | $221.0K | ||
| Q2 24 | $3.6M | $10.0M |
毛利率IMAXPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | 57.6% | 51.8% | ||
| Q3 25 | 63.1% | 50.3% | ||
| Q2 25 | 58.5% | 57.8% | ||
| Q1 25 | 61.4% | 49.4% | ||
| Q4 24 | 52.2% | 50.5% | ||
| Q3 24 | 55.8% | 50.0% | ||
| Q2 24 | 49.4% | 56.1% |
营业利润率IMAXPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | 19.3% | -2.9% | ||
| Q3 25 | 27.2% | 0.7% | ||
| Q2 25 | 15.6% | 11.1% | ||
| Q1 25 | 19.3% | -12.9% | ||
| Q4 24 | 10.3% | -3.9% | ||
| Q3 24 | 21.2% | -0.8% | ||
| Q2 24 | 3.2% | 8.8% |
净利率IMAXPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 0.5% | -1.2% | ||
| Q3 25 | 19.4% | -13.3% | ||
| Q2 25 | 12.3% | 11.8% | ||
| Q1 25 | 2.7% | -11.4% | ||
| Q4 24 | 5.7% | -2.9% | ||
| Q3 24 | 15.2% | 0.2% | ||
| Q2 24 | 4.0% | 9.7% |
每股收益（稀释后）IMAXPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.02 | $-0.02 | ||
| Q3 25 | $0.37 | $-0.44 | ||
| Q2 25 | $0.20 | $0.39 | ||
| Q1 25 | $0.04 | $-0.30 | ||
| Q4 24 | $0.09 | $-0.06 | ||
| Q3 24 | $0.26 | $0.01 | ||
| Q2 24 | $0.07 | $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 | $151.2M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $337.9M | — |
| 总资产 | $894.0M | $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IMAXPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $151.2M | $175.3M | ||
| Q3 25 | $143.1M | $190.1M | ||
| Q2 25 | $109.3M | $193.2M | ||
| Q1 25 | $97.1M | $147.9M | ||
| Q4 24 | $100.6M | $164.7M | ||
| Q3 24 | $104.5M | $170.3M | ||
| Q2 24 | $91.6M | $220.2M |
总债务IMAXPI
| 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IMAXPI
| Q1 26 | — | — | ||
| Q4 25 | $337.9M | $209.2M | ||
| Q3 25 | $349.5M | $195.0M | ||
| Q2 25 | $320.4M | $187.7M | ||
| Q1 25 | $299.5M | $160.6M | ||
| Q4 24 | $299.5M | $149.9M | ||
| Q3 24 | $289.4M | $136.1M | ||
| Q2 24 | $267.2M | $117.0M |
总资产IMAXPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $894.0M | $545.2M | ||
| Q3 25 | $889.6M | $516.5M | ||
| Q2 25 | $868.6M | $508.8M | ||
| Q1 25 | $848.3M | $479.8M | ||
| Q4 24 | $830.4M | $489.1M | ||
| Q3 24 | $847.6M | $476.4M | ||
| Q2 24 | $827.4M | $446.1M |
负债/权益比IMAXPI
| 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 | $29.4M | — |
| 自由现金流经营现金流 - 资本支出 | $28.0M | $2.2M |
| 自由现金流率自由现金流/营收 | 22.3% | 3.0% |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 46.11× | — |
| 过去12个月自由现金流最近4个季度 | $118.9M | $61.1M |
8季度趋势，按日历期对齐
经营现金流IMAXPI
| Q1 26 | — | — | ||
| Q4 25 | $29.4M | $15.1M | ||
| Q3 25 | $67.5M | $20.9M | ||
| Q2 25 | $23.2M | $33.9M | ||
| Q1 25 | $7.0M | $-11.1M | ||
| Q4 24 | $11.5M | $12.6M | ||
| Q3 24 | $35.3M | $10.1M | ||
| Q2 24 | $35.0M | $45.5M |
自由现金流IMAXPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $28.0M | $13.6M | ||
| Q3 25 | $64.8M | $18.0M | ||
| Q2 25 | $20.9M | $27.3M | ||
| Q1 25 | $5.3M | $-13.0M | ||
| Q4 24 | $6.9M | $8.5M | ||
| Q3 24 | $34.2M | $4.7M | ||
| Q2 24 | $33.5M | $44.1M |
自由现金流率IMAXPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | 22.3% | 14.7% | ||
| Q3 25 | 60.7% | 18.7% | ||
| Q2 25 | 22.8% | 27.9% | ||
| Q1 25 | 6.1% | -17.5% | ||
| Q4 24 | 7.4% | 9.3% | ||
| Q3 24 | 37.3% | 4.9% | ||
| Q2 24 | 37.6% | 43.0% |
资本支出强度IMAXPI
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 1.6% | ||
| Q3 25 | 2.6% | 3.1% | ||
| Q2 25 | 2.6% | 6.7% | ||
| Q1 25 | 1.9% | 2.5% | ||
| Q4 24 | 5.0% | 4.5% | ||
| Q3 24 | 1.2% | 5.7% | ||
| Q2 24 | 1.8% | 1.3% |
现金转化率IMAXPI
| Q1 26 | — | — | ||
| Q4 25 | 46.11× | — | ||
| Q3 25 | 3.27× | — | ||
| Q2 25 | 2.06× | 2.93× | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 2.54× | 45.56× | ||
| Q2 24 | 9.78× | 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
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
PI
暂无分部数据
