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LXP Industrial Trust（LXP）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
LXP Industrial Trust的季度营收约是IMPINJ INC的1.2倍（$86.7M vs $74.3M），LXP Industrial Trust净利率更高（33.2% vs 11.2%，领先22.0%），IMPINJ INC同比增速更快（-0.0% vs -14.0%），过去两年LXP Industrial Trust的营收复合增速更高（0.3% vs -14.9%）
LXP工业信托是一家公开上市的房地产投资信托，专注于持有、运营和投资美国核心市场的优质工业地产，主要涵盖配送中心、物流设施及轻型工业物业，服务电商、第三方物流、先进制造等领域租户，为投资者创造长期稳定收益。
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。
LXP vs PI — 直观对比
营收规模更大
LXP
是对方的1.2倍
$74.3M
营收增速更快
PI
高出14.0%
-14.0%
净利率更高
LXP
高出22.0%
11.2%
两年增速更快
LXP
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $86.7M | $74.3M |
| 净利润 | $28.8M | $8.3M |
| 毛利率 | 81.5% | 49.1% |
| 营业利润率 | 34.6% | 30.5% |
| 净利率 | 33.2% | 11.2% |
| 营收同比 | -14.0% | -0.0% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $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LXPPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $86.7M | $92.8M | ||
| Q3 25 | $86.9M | $96.1M | ||
| Q2 25 | $87.7M | $97.9M | ||
| Q1 25 | $88.9M | $74.3M | ||
| Q4 24 | $100.9M | $91.6M | ||
| Q3 24 | $85.6M | $95.2M | ||
| Q2 24 | $85.8M | $102.5M |
净利润LXPPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $28.8M | $-1.1M | ||
| Q3 25 | $36.3M | $-12.8M | ||
| Q2 25 | $29.1M | $11.6M | ||
| Q1 25 | $19.0M | $-8.5M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $6.3M | $221.0K | ||
| Q2 24 | $5.4M | $10.0M |
毛利率LXPPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | 81.5% | 51.8% | ||
| Q3 25 | 82.3% | 50.3% | ||
| Q2 25 | 81.9% | 57.8% | ||
| Q1 25 | 80.7% | 49.4% | ||
| Q4 24 | 85.3% | 50.5% | ||
| Q3 24 | 82.5% | 50.0% | ||
| Q2 24 | 82.0% | 56.1% |
营业利润率LXPPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | 34.6% | -2.9% | ||
| Q3 25 | 50.4% | 0.7% | ||
| Q2 25 | 33.7% | 11.1% | ||
| Q1 25 | 21.8% | -12.9% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | 7.9% | -0.8% | ||
| Q2 24 | 6.9% | 8.8% |
净利率LXPPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 33.2% | -1.2% | ||
| Q3 25 | 41.7% | -13.3% | ||
| Q2 25 | 33.2% | 11.8% | ||
| Q1 25 | 21.4% | -11.4% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 7.4% | 0.2% | ||
| Q2 24 | 6.3% | 9.7% |
每股收益（稀释后）LXPPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $0.12 | $-0.44 | ||
| Q2 25 | $0.09 | $0.39 | ||
| Q1 25 | $0.06 | $-0.30 | ||
| Q4 24 | — | $-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 | $170.4M | $131.8M |
| 总债务越低越好 | $1.4B | $241.5M |
| 股东权益账面价值 | $2.0B | — |
| 总资产 | $3.5B | $502.5M |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资LXPPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $170.4M | $175.3M | ||
| Q3 25 | $229.7M | $190.1M | ||
| Q2 25 | $71.0M | $193.2M | ||
| Q1 25 | $70.9M | $147.9M | ||
| Q4 24 | $101.8M | $164.7M | ||
| Q3 24 | $55.0M | $170.3M | ||
| Q2 24 | $48.7M | $220.2M |
总债务LXPPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $1.4B | $280.9M | ||
| Q3 25 | $1.5B | $280.4M | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LXPPI
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $209.2M | ||
| Q3 25 | $2.1B | $195.0M | ||
| Q2 25 | $2.1B | $187.7M | ||
| Q1 25 | $2.1B | $160.6M | ||
| Q4 24 | $2.1B | $149.9M | ||
| Q3 24 | $2.1B | $136.1M | ||
| Q2 24 | $2.1B | $117.0M |
总资产LXPPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $3.5B | $545.2M | ||
| Q3 25 | $3.7B | $516.5M | ||
| Q2 25 | $3.7B | $508.8M | ||
| Q1 25 | $3.8B | $479.8M | ||
| Q4 24 | $3.8B | $489.1M | ||
| Q3 24 | $3.9B | $476.4M | ||
| Q2 24 | $3.9B | $446.1M |
负债/权益比LXPPI
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | 1.34× | ||
| Q3 25 | 0.72× | 1.44× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.75× | 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 | $188.7M | — |
| 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 | 6.56× | — |
| 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LXPPI
| Q1 26 | — | — | ||
| Q4 25 | $188.7M | $15.1M | ||
| Q3 25 | $63.5M | $20.9M | ||
| Q2 25 | $44.3M | $33.9M | ||
| Q1 25 | $39.0M | $-11.1M | ||
| Q4 24 | $211.2M | $12.6M | ||
| Q3 24 | $64.6M | $10.1M | ||
| Q2 24 | $38.5M | $45.5M |
自由现金流LXPPI
| 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LXPPI
| 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LXPPI
| 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LXPPI
| Q1 26 | — | — | ||
| Q4 25 | 6.56× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | 2.93× | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.18× | 45.56× | ||
| Q2 24 | 7.09× | 4.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
