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Mayville Engineering Company, Inc.（MEC）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
Mayville Engineering Company, Inc.的季度营收约是IMPINJ INC的1.8倍（$134.3M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -3.2%，领先14.4%），Mayville Engineering Company, Inc.同比增速更快（10.7% vs -0.0%），Mayville Engineering Company, Inc.自由现金流更多（$10.2M vs $2.2M），过去两年Mayville Engineering Company, Inc.的营收复合增速更高（-8.8% vs -14.9%）
Mayville Engineering Company（MEC）是总部位于美国的领先金属零部件、装配组件及定制工程解决方案供应商，主要服务农业、建筑、商用运输、国防、动力运动等领域的原始设备制造商客户，提供从原型开发到大规模量产的全流程服务。
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。
MEC vs PI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $74.3M |
| 净利润 | $-4.4M | $8.3M |
| 毛利率 | 6.8% | 49.1% |
| 营业利润率 | -4.1% | 30.5% |
| 净利率 | -3.2% | 11.2% |
| 营收同比 | 10.7% | -0.0% |
| 净利润同比 | -127.3% | — |
| 每股收益（稀释后） | $-0.22 | $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
| Q1 26 | — | $74.3M | ||
| Q4 25 | $134.3M | $92.8M | ||
| Q3 25 | $144.3M | $96.1M | ||
| Q2 25 | $132.3M | $97.9M | ||
| Q1 25 | $135.6M | $74.3M | ||
| Q4 24 | $121.3M | $91.6M | ||
| Q3 24 | $135.4M | $95.2M | ||
| Q2 24 | $163.6M | $102.5M |
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-4.4M | $-1.1M | ||
| Q3 25 | $-2.7M | $-12.8M | ||
| Q2 25 | $-1.1M | $11.6M | ||
| Q1 25 | $20.0K | $-8.5M | ||
| Q4 24 | $16.0M | $-2.7M | ||
| Q3 24 | $3.0M | $221.0K | ||
| Q2 24 | $3.8M | $10.0M |
| Q1 26 | — | 49.1% | ||
| Q4 25 | 6.8% | 51.8% | ||
| Q3 25 | 11.0% | 50.3% | ||
| Q2 25 | 10.3% | 57.8% | ||
| Q1 25 | 11.3% | 49.4% | ||
| Q4 24 | 8.9% | 50.5% | ||
| Q3 24 | 12.6% | 50.0% | ||
| Q2 24 | 13.6% | 56.1% |
| Q1 26 | — | 30.5% | ||
| Q4 25 | -4.1% | -2.9% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.1% | 11.1% | ||
| Q1 25 | 1.2% | -12.9% | ||
| Q4 24 | 19.0% | -3.9% | ||
| Q3 24 | 4.2% | -0.8% | ||
| Q2 24 | 5.0% | 8.8% |
| Q1 26 | — | 11.2% | ||
| Q4 25 | -3.2% | -1.2% | ||
| Q3 25 | -1.9% | -13.3% | ||
| Q2 25 | -0.8% | 11.8% | ||
| Q1 25 | 0.0% | -11.4% | ||
| Q4 24 | 13.2% | -2.9% | ||
| Q3 24 | 2.2% | 0.2% | ||
| Q2 24 | 2.3% | 9.7% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.22 | $-0.02 | ||
| Q3 25 | $-0.13 | $-0.44 | ||
| Q2 25 | $-0.05 | $0.39 | ||
| Q1 25 | $0.00 | $-0.30 | ||
| Q4 24 | $0.76 | $-0.06 | ||
| Q3 24 | $0.14 | $0.01 | ||
| Q2 24 | $0.18 | $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 | $1.5M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $240.7M | — |
| 总资产 | $563.6M | $502.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $131.8M | ||
| Q4 25 | $1.5M | $175.3M | ||
| Q3 25 | $1.2M | $190.1M | ||
| Q2 25 | $206.0K | $193.2M | ||
| Q1 25 | $183.0K | $147.9M | ||
| Q4 24 | $206.0K | $164.7M | ||
| Q3 24 | $178.0K | $170.3M | ||
| Q2 24 | $314.0K | $220.2M |
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $240.7M | $209.2M | ||
| Q3 25 | $244.8M | $195.0M | ||
| Q2 25 | $246.8M | $187.7M | ||
| Q1 25 | $250.0M | $160.6M | ||
| Q4 24 | $251.8M | $149.9M | ||
| Q3 24 | $238.4M | $136.1M | ||
| Q2 24 | $238.1M | $117.0M |
| Q1 26 | — | $502.5M | ||
| Q4 25 | $563.6M | $545.2M | ||
| Q3 25 | $585.6M | $516.5M | ||
| Q2 25 | $433.7M | $508.8M | ||
| Q1 25 | $447.7M | $479.8M | ||
| Q4 24 | $445.6M | $489.1M | ||
| Q3 24 | $466.0M | $476.4M | ||
| Q2 24 | $488.2M | $446.1M |
| 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 | $13.4M | — |
| 自由现金流经营现金流 - 资本支出 | $10.2M | $2.2M |
| 自由现金流率自由现金流/营收 | 7.6% | 3.0% |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 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 | $26.9M | $61.1M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $13.4M | $15.1M | ||
| Q3 25 | $1.9M | $20.9M | ||
| Q2 25 | $15.0M | $33.9M | ||
| Q1 25 | $8.3M | $-11.1M | ||
| Q4 24 | $38.0M | $12.6M | ||
| Q3 24 | $17.9M | $10.1M | ||
| Q2 24 | $23.3M | $45.5M |
| Q1 26 | — | $2.2M | ||
| Q4 25 | $10.2M | $13.6M | ||
| Q3 25 | $-1.1M | $18.0M | ||
| Q2 25 | $12.5M | $27.3M | ||
| Q1 25 | $5.4M | $-13.0M | ||
| Q4 24 | $35.6M | $8.5M | ||
| Q3 24 | $15.1M | $4.7M | ||
| Q2 24 | $19.2M | $44.1M |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 7.6% | 14.7% | ||
| Q3 25 | -0.8% | 18.7% | ||
| Q2 25 | 9.5% | 27.9% | ||
| Q1 25 | 4.0% | -17.5% | ||
| Q4 24 | 29.4% | 9.3% | ||
| Q3 24 | 11.1% | 4.9% | ||
| Q2 24 | 11.7% | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 1.6% | ||
| Q3 25 | 2.1% | 3.1% | ||
| Q2 25 | 1.8% | 6.7% | ||
| Q1 25 | 2.2% | 2.5% | ||
| Q4 24 | 1.9% | 4.5% | ||
| Q3 24 | 2.1% | 5.7% | ||
| Q2 24 | 2.5% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | 416.65× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | 45.56× | ||
| Q2 24 | 6.15× | 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
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
PI
暂无分部数据
