vs
LandBridge Co LLC（LB）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LandBridge Co LLC的1.3倍（$74.3M vs $56.8M），LandBridge Co LLC净利率更高（14.2% vs 11.2%，领先3.0%），LandBridge Co LLC同比增速更快（55.6% vs -0.0%），LandBridge Co LLC自由现金流更多（$122.0M vs $2.2M），过去两年LandBridge Co LLC的营收复合增速更高（72.8% vs -14.9%）
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。
LB vs PI — 直观对比
营收规模更大
PI
是对方的1.3倍
$56.8M
营收增速更快
LB
高出55.6%
-0.0%
净利率更高
LB
高出3.0%
11.2%
自由现金流更多
LB
多$119.8M
$2.2M
两年增速更快
LB
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $56.8M | $74.3M |
| 净利润 | $8.1M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | 60.0% | 30.5% |
| 净利率 | 14.2% | 11.2% |
| 营收同比 | 55.6% | -0.0% |
| 净利润同比 | -83.7% | — |
| 每股收益（稀释后） | $0.24 | $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LBPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $56.8M | $92.8M | ||
| Q3 25 | $50.8M | $96.1M | ||
| Q2 25 | $47.5M | $97.9M | ||
| Q1 25 | $44.0M | $74.3M | ||
| Q4 24 | $36.5M | $91.6M | ||
| Q3 24 | $28.5M | $95.2M | ||
| Q2 24 | $26.0M | $102.5M |
净利润LBPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $8.1M | $-1.1M | ||
| Q3 25 | $8.1M | $-12.8M | ||
| Q2 25 | $7.5M | $11.6M | ||
| Q1 25 | $6.5M | $-8.5M | ||
| Q4 24 | $49.3M | $-2.7M | ||
| Q3 24 | $2.7M | $221.0K | ||
| Q2 24 | $-57.7M | $10.0M |
毛利率LBPI
| 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LBPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | 60.0% | -2.9% | ||
| Q3 25 | 60.8% | 0.7% | ||
| Q2 25 | 60.0% | 11.1% | ||
| Q1 25 | 57.0% | -12.9% | ||
| Q4 24 | 49.4% | -3.9% | ||
| Q3 24 | 11.2% | -0.8% | ||
| Q2 24 | -197.4% | 8.8% |
净利率LBPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 14.2% | -1.2% | ||
| Q3 25 | 15.9% | -13.3% | ||
| Q2 25 | 15.8% | 11.8% | ||
| Q1 25 | 14.7% | -11.4% | ||
| Q4 24 | 135.2% | -2.9% | ||
| Q3 24 | 9.3% | 0.2% | ||
| Q2 24 | -222.1% | 9.7% |
每股收益（稀释后）LBPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.24 | $-0.02 | ||
| Q3 25 | $0.26 | $-0.44 | ||
| Q2 25 | $0.24 | $0.39 | ||
| Q1 25 | $0.20 | $-0.30 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | $-0.04 | $0.01 | ||
| Q2 24 | — | $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 | $30.7M | $131.8M |
| 总债务越低越好 | $570.7M | $241.5M |
| 股东权益账面价值 | $340.3M | — |
| 总资产 | $1.4B | $502.5M |
| 负债/权益比越低杠杆越低 | 1.68× | — |
8季度趋势，按日历期对齐
现金及短期投资LBPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $30.7M | $175.3M | ||
| Q3 25 | $28.3M | $190.1M | ||
| Q2 25 | $20.3M | $193.2M | ||
| Q1 25 | $14.9M | $147.9M | ||
| Q4 24 | $37.0M | $164.7M | ||
| Q3 24 | $14.4M | $170.3M | ||
| Q2 24 | $24.6M | $220.2M |
总债务LBPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $570.7M | $280.9M | ||
| Q3 25 | $366.1M | $280.4M | ||
| Q2 25 | $370.9M | — | ||
| Q1 25 | $375.5M | — | ||
| Q4 24 | $385.5M | $283.5M | ||
| Q3 24 | $242.4M | — | ||
| Q2 24 | $360.8M | — |
股东权益LBPI
| Q1 26 | — | — | ||
| Q4 25 | $340.3M | $209.2M | ||
| Q3 25 | $272.0M | $195.0M | ||
| Q2 25 | $266.4M | $187.7M | ||
| Q1 25 | $217.0M | $160.6M | ||
| Q4 24 | $211.8M | $149.9M | ||
| Q3 24 | $97.2M | $136.1M | ||
| Q2 24 | $296.4M | $117.0M |
总资产LBPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $1.4B | $545.2M | ||
| Q3 25 | $1.1B | $516.5M | ||
| Q2 25 | $1.1B | $508.8M | ||
| Q1 25 | $1.0B | $479.8M | ||
| Q4 24 | $1.0B | $489.1M | ||
| Q3 24 | $689.9M | $476.4M | ||
| Q2 24 | $710.5M | $446.1M |
负债/权益比LBPI
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 1.34× | ||
| Q3 25 | 1.35× | 1.44× | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 1.82× | 1.89× | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.22× | — |
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 | $126.3M | — |
| 自由现金流经营现金流 - 资本支出 | $122.0M | $2.2M |
| 自由现金流率自由现金流/营收 | 214.9% | 3.0% |
| 资本支出强度资本支出/营收 | 7.5% | — |
| 现金转化率经营现金流/净利润 | 15.68× | — |
| 过去12个月自由现金流最近4个季度 | $207.7M | $61.1M |
8季度趋势，按日历期对齐
经营现金流LBPI
| Q1 26 | — | — | ||
| Q4 25 | $126.3M | $15.1M | ||
| Q3 25 | $34.9M | $20.9M | ||
| Q2 25 | $37.3M | $33.9M | ||
| Q1 25 | $15.9M | $-11.1M | ||
| Q4 24 | $67.6M | $12.6M | ||
| Q3 24 | $7.5M | $10.1M | ||
| Q2 24 | $16.0M | $45.5M |
自由现金流LBPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $122.0M | $13.6M | ||
| Q3 25 | $33.7M | $18.0M | ||
| Q2 25 | $36.1M | $27.3M | ||
| Q1 25 | $15.8M | $-13.0M | ||
| Q4 24 | $66.7M | $8.5M | ||
| Q3 24 | $7.1M | $4.7M | ||
| Q2 24 | $15.7M | $44.1M |
自由现金流率LBPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | 214.9% | 14.7% | ||
| Q3 25 | 66.3% | 18.7% | ||
| Q2 25 | 75.9% | 27.9% | ||
| Q1 25 | 36.0% | -17.5% | ||
| Q4 24 | 182.6% | 9.3% | ||
| Q3 24 | 25.1% | 4.9% | ||
| Q2 24 | 60.4% | 43.0% |
资本支出强度LBPI
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 1.6% | ||
| Q3 25 | 2.3% | 3.1% | ||
| Q2 25 | 2.6% | 6.7% | ||
| Q1 25 | 0.2% | 2.5% | ||
| Q4 24 | 2.7% | 4.5% | ||
| Q3 24 | 1.1% | 5.7% | ||
| Q2 24 | 1.4% | 1.3% |
现金转化率LBPI
| Q1 26 | — | — | ||
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | 2.93× | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | 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
