vs
MARINE PRODUCTS CORP（MPX）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MARINE PRODUCTS CORP的1.1倍（$74.3M vs $64.6M），IMPINJ INC净利率更高（11.2% vs 3.7%，领先7.5%），MARINE PRODUCTS CORP同比增速更快（35.0% vs -0.0%），MARINE PRODUCTS CORP自由现金流更多（$4.1M vs $2.2M），过去两年MARINE PRODUCTS CORP的营收复合增速更高（-3.5% vs -14.9%）
Marine Products Corp旗下的West Marine是一家总部位于美国佛罗里达州劳德代尔堡的企业，在北美地区经营247家船艇用品及渔具零售连锁店，同时运营名为蓝色未来的非营利组织，品牌旗舰店面积超5万平方英尺，于2011年11月11日在劳德代尔堡正式开业。
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。
MPX vs PI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $74.3M |
| 净利润 | $2.4M | $8.3M |
| 毛利率 | 19.6% | 49.1% |
| 营业利润率 | 5.8% | 30.5% |
| 净利率 | 3.7% | 11.2% |
| 营收同比 | 35.0% | -0.0% |
| 净利润同比 | -44.6% | — |
| 每股收益（稀释后） | $0.07 | $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 | $64.6M | $92.8M | ||
| Q3 25 | $53.1M | $96.1M | ||
| Q2 25 | $67.7M | $97.9M | ||
| Q1 25 | $59.0M | $74.3M | ||
| Q4 24 | $47.8M | $91.6M | ||
| Q3 24 | $49.9M | $95.2M | ||
| Q2 24 | $69.5M | $102.5M |
| Q1 26 | — | $8.3M | ||
| Q4 25 | $2.4M | $-1.1M | ||
| Q3 25 | $2.6M | $-12.8M | ||
| Q2 25 | $4.2M | $11.6M | ||
| Q1 25 | $2.2M | $-8.5M | ||
| Q4 24 | $4.3M | $-2.7M | ||
| Q3 24 | $3.4M | $221.0K | ||
| Q2 24 | $5.6M | $10.0M |
| Q1 26 | — | 49.1% | ||
| Q4 25 | 19.6% | 51.8% | ||
| Q3 25 | 19.2% | 50.3% | ||
| Q2 25 | 19.1% | 57.8% | ||
| Q1 25 | 18.6% | 49.4% | ||
| Q4 24 | 19.2% | 50.5% | ||
| Q3 24 | 18.4% | 50.0% | ||
| Q2 24 | 18.9% | 56.1% |
| Q1 26 | — | 30.5% | ||
| Q4 25 | 5.8% | -2.9% | ||
| Q3 25 | 5.4% | 0.7% | ||
| Q2 25 | 7.1% | 11.1% | ||
| Q1 25 | 4.4% | -12.9% | ||
| Q4 24 | 7.7% | -3.9% | ||
| Q3 24 | 7.2% | -0.8% | ||
| Q2 24 | 8.3% | 8.8% |
| Q1 26 | — | 11.2% | ||
| Q4 25 | 3.7% | -1.2% | ||
| Q3 25 | 5.0% | -13.3% | ||
| Q2 25 | 6.1% | 11.8% | ||
| Q1 25 | 3.7% | -11.4% | ||
| Q4 24 | 8.9% | -2.9% | ||
| Q3 24 | 6.8% | 0.2% | ||
| Q2 24 | 8.0% | 9.7% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.07 | $-0.02 | ||
| Q3 25 | $0.07 | $-0.44 | ||
| Q2 25 | $0.12 | $0.39 | ||
| Q1 25 | $0.06 | $-0.30 | ||
| Q4 24 | $0.13 | $-0.06 | ||
| Q3 24 | $0.10 | $0.01 | ||
| Q2 24 | $0.14 | $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 | — | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $125.0M | — |
| 总资产 | $147.2M | $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 | — | $175.3M | ||
| Q3 25 | — | $190.1M | ||
| Q2 25 | — | $193.2M | ||
| Q1 25 | — | $147.9M | ||
| Q4 24 | — | $164.7M | ||
| Q3 24 | — | $170.3M | ||
| Q2 24 | — | $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 | $125.0M | $209.2M | ||
| Q3 25 | $126.3M | $195.0M | ||
| Q2 25 | $127.2M | $187.7M | ||
| Q1 25 | $126.4M | $160.6M | ||
| Q4 24 | $129.0M | $149.9M | ||
| Q3 24 | $128.8M | $136.1M | ||
| Q2 24 | $129.3M | $117.0M |
| Q1 26 | — | $502.5M | ||
| Q4 25 | $147.2M | $545.2M | ||
| Q3 25 | $179.5M | $516.5M | ||
| Q2 25 | $173.2M | $508.8M | ||
| Q1 25 | $182.9M | $479.8M | ||
| Q4 24 | $171.2M | $489.1M | ||
| Q3 24 | $176.3M | $476.4M | ||
| Q2 24 | $175.7M | $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 | $4.7M | — |
| 自由现金流经营现金流 - 资本支出 | $4.1M | $2.2M |
| 自由现金流率自由现金流/营收 | 6.4% | 3.0% |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 2.00× | — |
| 过去12个月自由现金流最近4个季度 | $14.9M | $61.1M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $4.7M | $15.1M | ||
| Q3 25 | $2.6M | $20.9M | ||
| Q2 25 | $-1.6M | $33.9M | ||
| Q1 25 | $10.8M | $-11.1M | ||
| Q4 24 | $4.6M | $12.6M | ||
| Q3 24 | $5.1M | $10.1M | ||
| Q2 24 | $3.8M | $45.5M |
| Q1 26 | — | $2.2M | ||
| Q4 25 | $4.1M | $13.6M | ||
| Q3 25 | $2.1M | $18.0M | ||
| Q2 25 | $-2.0M | $27.3M | ||
| Q1 25 | $10.7M | $-13.0M | ||
| Q4 24 | $3.6M | $8.5M | ||
| Q3 24 | $3.2M | $4.7M | ||
| Q2 24 | $3.0M | $44.1M |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 6.4% | 14.7% | ||
| Q3 25 | 4.0% | 18.7% | ||
| Q2 25 | -3.0% | 27.9% | ||
| Q1 25 | 18.1% | -17.5% | ||
| Q4 24 | 7.6% | 9.3% | ||
| Q3 24 | 6.5% | 4.9% | ||
| Q2 24 | 4.4% | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 1.6% | ||
| Q3 25 | 0.8% | 3.1% | ||
| Q2 25 | 0.6% | 6.7% | ||
| Q1 25 | 0.2% | 2.5% | ||
| Q4 24 | 2.1% | 4.5% | ||
| Q3 24 | 3.8% | 5.7% | ||
| Q2 24 | 1.1% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.00× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | -0.39× | 2.93× | ||
| Q1 25 | 4.88× | — | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.51× | 45.56× | ||
| Q2 24 | 0.68× | 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
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
PI
暂无分部数据
