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M-tron Industries, Inc.（MPTI）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M-tron Industries, Inc.的6.5倍（$92.8M vs $14.2M）。M-tron Industries, Inc.净利率更高（24.1% vs -1.2%，领先25.3%）。M-tron Industries, Inc.同比增速更快（11.2% vs 1.4%）。IMPINJ INC自由现金流更多（$13.6M vs $2.3M）。过去两年M-tron Industries, Inc.的营收复合增速更高（12.8% vs 9.9%）
M-tron Industries, Inc.是一家研发生产高性能频率控制与计时解决方案的企业，产品涵盖晶体振荡器、滤波器、集成计时组件等，主要服务航空航天、国防、电信、工业自动化、医疗设备领域，客户覆盖北美、欧洲及亚洲的商业和政府机构。
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。
MPTI vs PI — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $14.2M | $92.8M |
| 净利润 | $3.4M | $-1.1M |
| 毛利率 | — | 51.8% |
| 营业利润率 | 27.3% | -2.9% |
| 净利率 | 24.1% | -1.2% |
| 营收同比 | 11.2% | 1.4% |
| 净利润同比 | 60.1% | 57.7% |
| 每股收益（稀释后） | $0.90 | $-0.02 |
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
| Q4 25 | $14.2M | $92.8M | ||
| Q3 25 | $14.2M | $96.1M | ||
| Q2 25 | $13.3M | $97.9M | ||
| Q1 25 | $12.7M | $74.3M | ||
| Q4 24 | $12.8M | $91.6M | ||
| Q3 24 | $13.2M | $95.2M | ||
| Q2 24 | $11.8M | $102.5M | ||
| Q1 24 | $11.2M | $76.8M |
| Q4 25 | $3.4M | $-1.1M | ||
| Q3 25 | $1.8M | $-12.8M | ||
| Q2 25 | $1.6M | $11.6M | ||
| Q1 25 | $1.6M | $-8.5M | ||
| Q4 24 | $2.1M | $-2.7M | ||
| Q3 24 | $2.3M | $221.0K | ||
| Q2 24 | $1.7M | $10.0M | ||
| Q1 24 | $1.5M | $33.3M |
| 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% | ||
| Q1 24 | — | 48.9% |
| Q4 25 | 27.3% | -2.9% | ||
| Q3 25 | 18.0% | 0.7% | ||
| Q2 25 | 13.9% | 11.1% | ||
| Q1 25 | 15.8% | -12.9% | ||
| Q4 24 | 20.1% | -3.9% | ||
| Q3 24 | 22.1% | -0.8% | ||
| Q2 24 | 17.8% | 8.8% | ||
| Q1 24 | 16.0% | -15.3% |
| Q4 25 | 24.1% | -1.2% | ||
| Q3 25 | 12.9% | -13.3% | ||
| Q2 25 | 11.7% | 11.8% | ||
| Q1 25 | 12.8% | -11.4% | ||
| Q4 24 | 16.7% | -2.9% | ||
| Q3 24 | 17.2% | 0.2% | ||
| Q2 24 | 14.8% | 9.7% | ||
| Q1 24 | 13.3% | 43.4% |
| Q4 25 | $0.90 | $-0.02 | ||
| Q3 25 | $0.63 | $-0.44 | ||
| Q2 25 | $0.53 | $0.39 | ||
| Q1 25 | $0.56 | $-0.30 | ||
| Q4 24 | $0.68 | $-0.06 | ||
| Q3 24 | $0.81 | $0.01 | ||
| Q2 24 | $0.63 | $0.34 | ||
| Q1 24 | $0.53 | $1.10 |
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 | $20.9M | $175.3M |
| 总债务越低越好 | — | $280.9M |
| 股东权益账面价值 | $63.2M | $209.2M |
| 总资产 | $68.4M | $545.2M |
| 负债/权益比越低杠杆越低 | — | 1.34× |
8季度趋势，按日历期对齐
| Q4 25 | $20.9M | $175.3M | ||
| Q3 25 | $18.3M | $190.1M | ||
| Q2 25 | $15.5M | $193.2M | ||
| Q1 25 | $13.7M | $147.9M | ||
| Q4 24 | $12.6M | $164.7M | ||
| Q3 24 | $8.5M | $170.3M | ||
| Q2 24 | $6.5M | $220.2M | ||
| Q1 24 | $5.4M | $174.1M |
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $63.2M | $209.2M | ||
| Q3 25 | $37.0M | $195.0M | ||
| Q2 25 | $34.8M | $187.7M | ||
| Q1 25 | $33.2M | $160.6M | ||
| Q4 24 | $31.3M | $149.9M | ||
| Q3 24 | $26.2M | $136.1M | ||
| Q2 24 | $23.7M | $117.0M | ||
| Q1 24 | $21.7M | $85.9M |
| Q4 25 | $68.4M | $545.2M | ||
| Q3 25 | $42.2M | $516.5M | ||
| Q2 25 | $39.7M | $508.8M | ||
| Q1 25 | $37.8M | $479.8M | ||
| Q4 24 | $36.6M | $489.1M | ||
| Q3 24 | $31.5M | $476.4M | ||
| Q2 24 | $28.4M | $446.1M | ||
| Q1 24 | $26.8M | $413.9M |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $2.7M | $15.1M |
| 自由现金流经营现金流 - 资本支出 | $2.3M | $13.6M |
| 自由现金流率自由现金流/营收 | 16.4% | 14.7% |
| 资本支出强度资本支出/营收 | 2.4% | 1.6% |
| 现金转化率经营现金流/净利润 | 0.78× | — |
| 过去12个月自由现金流最近4个季度 | $8.1M | $45.9M |
8季度趋势，按日历期对齐
| Q4 25 | $2.7M | $15.1M | ||
| Q3 25 | $3.5M | $20.9M | ||
| Q2 25 | $2.9M | $33.9M | ||
| Q1 25 | $1.6M | $-11.1M | ||
| Q4 24 | $1.8M | $12.6M | ||
| Q3 24 | $2.3M | $10.1M | ||
| Q2 24 | $2.0M | $45.5M | ||
| Q1 24 | $1.5M | $60.1M |
| Q4 25 | $2.3M | $13.6M | ||
| Q3 25 | $2.7M | $18.0M | ||
| Q2 25 | $2.0M | $27.3M | ||
| Q1 25 | $1.0M | $-13.0M | ||
| Q4 24 | $1.4M | $8.5M | ||
| Q3 24 | $1.8M | $4.7M | ||
| Q2 24 | $1.1M | $44.1M | ||
| Q1 24 | $1.4M | $53.9M |
| Q4 25 | 16.4% | 14.7% | ||
| Q3 25 | 19.1% | 18.7% | ||
| Q2 25 | 15.4% | 27.9% | ||
| Q1 25 | 8.0% | -17.5% | ||
| Q4 24 | 10.8% | 9.3% | ||
| Q3 24 | 13.4% | 4.9% | ||
| Q2 24 | 9.2% | 43.0% | ||
| Q1 24 | 12.3% | 70.2% |
| Q4 25 | 2.4% | 1.6% | ||
| Q3 25 | 5.7% | 3.1% | ||
| Q2 25 | 6.1% | 6.7% | ||
| Q1 25 | 4.6% | 2.5% | ||
| Q4 24 | 3.3% | 4.5% | ||
| Q3 24 | 3.6% | 5.7% | ||
| Q2 24 | 7.4% | 1.3% | ||
| Q1 24 | 1.1% | 8.1% |
| Q4 25 | 0.78× | — | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 1.83× | 2.93× | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.99× | 45.56× | ||
| Q2 24 | 1.12× | 4.56× | ||
| Q1 24 | 1.01× | 1.80× |
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
MPTI
| US | $11.3M | 79% |
| Non Us | $2.9M | 21% |
PI
| Endpoint I Cs | $75.2M | 81% |
| Systems | $17.7M | 19% |
