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IRONWOOD PHARMACEUTICALS INC（IRWD）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IRONWOOD PHARMACEUTICALS INC的1.6倍（$74.3M vs $47.7M），IMPINJ INC净利率更高（11.2% vs -4.8%，领先16.0%），IMPINJ INC同比增速更快（-0.0% vs -47.3%），IRONWOOD PHARMACEUTICALS INC自由现金流更多（$74.6M vs $2.2M），过去两年IMPINJ INC的营收复合增速更高（-14.9% vs -20.2%）
Ironwood制药公司是一家上市制药企业，其前身为Microbia公司，专注于制药领域相关业务研发与运营，面向市场开发各类创新医药产品，满足未被充分满足的临床医疗需求。
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。
IRWD vs PI — 直观对比
营收规模更大
PI
是对方的1.6倍
$47.7M
营收增速更快
PI
高出47.3%
-47.3%
净利率更高
PI
高出16.0%
-4.8%
自由现金流更多
IRWD
多$72.3M
$2.2M
两年增速更快
PI
近两年复合增速
-20.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $47.7M | $74.3M |
| 净利润 | $-2.3M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | 14.3% | 30.5% |
| 净利率 | -4.8% | 11.2% |
| 营收同比 | -47.3% | -0.0% |
| 净利润同比 | -200.9% | — |
| 每股收益（稀释后） | $0.01 | $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IRWDPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $47.7M | $92.8M | ||
| Q3 25 | $122.1M | $96.1M | ||
| Q2 25 | $85.2M | $97.9M | ||
| Q1 25 | $41.1M | $74.3M | ||
| Q4 24 | $90.5M | $91.6M | ||
| Q3 24 | $91.6M | $95.2M | ||
| Q2 24 | $94.4M | $102.5M |
净利润IRWDPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-2.3M | $-1.1M | ||
| Q3 25 | $40.1M | $-12.8M | ||
| Q2 25 | $23.6M | $11.6M | ||
| Q1 25 | $-37.4M | $-8.5M | ||
| Q4 24 | $2.3M | $-2.7M | ||
| Q3 24 | $3.6M | $221.0K | ||
| Q2 24 | $-860.0K | $10.0M |
毛利率IRWDPI
| 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IRWDPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | 14.3% | -2.9% | ||
| Q3 25 | 61.8% | 0.7% | ||
| Q2 25 | 53.2% | 11.1% | ||
| Q1 25 | -70.7% | -12.9% | ||
| Q4 24 | 34.8% | -3.9% | ||
| Q3 24 | 28.0% | -0.8% | ||
| Q2 24 | 26.5% | 8.8% |
净利率IRWDPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | -4.8% | -1.2% | ||
| Q3 25 | 32.8% | -13.3% | ||
| Q2 25 | 27.7% | 11.8% | ||
| Q1 25 | -90.9% | -11.4% | ||
| Q4 24 | 2.5% | -2.9% | ||
| Q3 24 | 4.0% | 0.2% | ||
| Q2 24 | -0.9% | 9.7% |
每股收益（稀释后）IRWDPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.01 | $-0.02 | ||
| Q3 25 | $0.23 | $-0.44 | ||
| Q2 25 | $0.14 | $0.39 | ||
| Q1 25 | $-0.23 | $-0.30 | ||
| Q4 24 | $0.03 | $-0.06 | ||
| Q3 24 | $0.02 | $0.01 | ||
| Q2 24 | $-0.01 | $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 | $215.5M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $-261.8M | — |
| 总资产 | $396.9M | $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IRWDPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $215.5M | $175.3M | ||
| Q3 25 | $140.4M | $190.1M | ||
| Q2 25 | $92.9M | $193.2M | ||
| Q1 25 | $108.5M | $147.9M | ||
| Q4 24 | $88.6M | $164.7M | ||
| Q3 24 | $88.2M | $170.3M | ||
| Q2 24 | $105.5M | $220.2M |
总债务IRWDPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | $199.5M | $280.4M | ||
| Q2 25 | $199.3M | — | ||
| Q1 25 | $199.2M | — | ||
| Q4 24 | $199.0M | $283.5M | ||
| Q3 24 | $198.8M | — | ||
| Q2 24 | $198.6M | — |
股东权益IRWDPI
| Q1 26 | — | — | ||
| Q4 25 | $-261.8M | $209.2M | ||
| Q3 25 | $-264.2M | $195.0M | ||
| Q2 25 | $-308.2M | $187.7M | ||
| Q1 25 | $-334.1M | $160.6M | ||
| Q4 24 | $-301.3M | $149.9M | ||
| Q3 24 | $-311.3M | $136.1M | ||
| Q2 24 | $-321.7M | $117.0M |
总资产IRWDPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $396.9M | $545.2M | ||
| Q3 25 | $396.1M | $516.5M | ||
| Q2 25 | $342.9M | $508.8M | ||
| Q1 25 | $327.2M | $479.8M | ||
| Q4 24 | $350.9M | $489.1M | ||
| Q3 24 | $389.5M | $476.4M | ||
| Q2 24 | $395.6M | $446.1M |
负债/权益比IRWDPI
| 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 | $74.6M | — |
| 自由现金流经营现金流 - 资本支出 | $74.6M | $2.2M |
| 自由现金流率自由现金流/营收 | 156.3% | 3.0% |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 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 | $127.0M | $61.1M |
8季度趋势，按日历期对齐
经营现金流IRWDPI
| Q1 26 | — | — | ||
| Q4 25 | $74.6M | $15.1M | ||
| Q3 25 | $47.6M | $20.9M | ||
| Q2 25 | $-15.1M | $33.9M | ||
| Q1 25 | $20.0M | $-11.1M | ||
| Q4 24 | $15.2M | $12.6M | ||
| Q3 24 | $9.9M | $10.1M | ||
| Q2 24 | $33.5M | $45.5M |
自由现金流IRWDPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $74.6M | $13.6M | ||
| Q3 25 | $47.6M | $18.0M | ||
| Q2 25 | $-15.1M | $27.3M | ||
| Q1 25 | $19.9M | $-13.0M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | $9.9M | $4.7M | ||
| Q2 24 | $33.4M | $44.1M |
自由现金流率IRWDPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | 156.3% | 14.7% | ||
| Q3 25 | 39.0% | 18.7% | ||
| Q2 25 | -17.7% | 27.9% | ||
| Q1 25 | 48.4% | -17.5% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 10.8% | 4.9% | ||
| Q2 24 | 35.4% | 43.0% |
资本支出强度IRWDPI
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 1.6% | ||
| Q3 25 | 0.0% | 3.1% | ||
| Q2 25 | 0.0% | 6.7% | ||
| Q1 25 | 0.1% | 2.5% | ||
| Q4 24 | 0.0% | 4.5% | ||
| Q3 24 | 0.0% | 5.7% | ||
| Q2 24 | 0.1% | 1.3% |
现金转化率IRWDPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | -0.64× | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.74× | — | ||
| Q3 24 | 2.71× | 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
