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McEwen Inc.（MUX）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McEwen Inc.的1.1倍（$74.3M vs $64.6M），McEwen Inc.净利率更高（59.0% vs 11.2%，领先47.8%），McEwen Inc.同比增速更快（92.8% vs -0.0%），过去两年McEwen Inc.的营收复合增速更高（25.2% vs -14.9%）
McEwen Inc（股票代码MUX）是一家自然资源企业，主要从事金、银、铜矿产的勘探、开发与生产业务，运营项目分布于南北美洲，秉持可持续负责任的采矿准则，产品面向全球大宗商品市场供应。
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。
MUX vs PI — 直观对比
营收规模更大
PI
是对方的1.1倍
$64.6M
营收增速更快
MUX
高出92.8%
-0.0%
净利率更高
MUX
高出47.8%
11.2%
两年增速更快
MUX
近两年复合增速
-14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $74.3M |
| 净利润 | $38.1M | $8.3M |
| 毛利率 | 26.9% | 49.1% |
| 营业利润率 | 34.2% | 30.5% |
| 净利率 | 59.0% | 11.2% |
| 营收同比 | 92.8% | -0.0% |
| 净利润同比 | 563.1% | — |
| 每股收益（稀释后） | $0.66 | $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MUXPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $64.6M | $92.8M | ||
| Q3 25 | $50.5M | $96.1M | ||
| Q2 25 | $46.7M | $97.9M | ||
| Q1 25 | $35.7M | $74.3M | ||
| Q4 24 | $33.5M | $91.6M | ||
| Q3 24 | $52.3M | $95.2M | ||
| Q2 24 | $47.5M | $102.5M |
净利润MUXPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $38.1M | $-1.1M | ||
| Q3 25 | $-462.0K | $-12.8M | ||
| Q2 25 | $3.0M | $11.6M | ||
| Q1 25 | $-6.3M | $-8.5M | ||
| Q4 24 | $-8.2M | $-2.7M | ||
| Q3 24 | $-2.1M | $221.0K | ||
| Q2 24 | $-13.0M | $10.0M |
毛利率MUXPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | 26.9% | 51.8% | ||
| Q3 25 | 15.5% | 50.3% | ||
| Q2 25 | 26.3% | 57.8% | ||
| Q1 25 | 28.2% | 49.4% | ||
| Q4 24 | 1.1% | 50.5% | ||
| Q3 24 | 26.4% | 50.0% | ||
| Q2 24 | 22.7% | 56.1% |
营业利润率MUXPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | 34.2% | -2.9% | ||
| Q3 25 | -16.7% | 0.7% | ||
| Q2 25 | -7.2% | 11.1% | ||
| Q1 25 | -21.4% | -12.9% | ||
| Q4 24 | -43.4% | -3.9% | ||
| Q3 24 | -0.2% | -0.8% | ||
| Q2 24 | -29.4% | 8.8% |
净利率MUXPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 59.0% | -1.2% | ||
| Q3 25 | -0.9% | -13.3% | ||
| Q2 25 | 6.5% | 11.8% | ||
| Q1 25 | -17.6% | -11.4% | ||
| Q4 24 | -24.6% | -2.9% | ||
| Q3 24 | -4.0% | 0.2% | ||
| Q2 24 | -27.4% | 9.7% |
每股收益（稀释后）MUXPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.66 | $-0.02 | ||
| Q3 25 | $-0.01 | $-0.44 | ||
| Q2 25 | $0.06 | $0.39 | ||
| Q1 25 | $-0.12 | $-0.30 | ||
| Q4 24 | $-0.15 | $-0.06 | ||
| Q3 24 | $-0.04 | $0.01 | ||
| Q2 24 | $-0.26 | $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 | $72.1M | $131.8M |
| 总债务越低越好 | $126.2M | $241.5M |
| 股东权益账面价值 | $546.2M | — |
| 总资产 | $820.2M | $502.5M |
| 负债/权益比越低杠杆越低 | 0.23× | — |
8季度趋势，按日历期对齐
现金及短期投资MUXPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $72.1M | $175.3M | ||
| Q3 25 | $75.4M | $190.1M | ||
| Q2 25 | $69.5M | $193.2M | ||
| Q1 25 | $79.3M | $147.9M | ||
| Q4 24 | $15.3M | $164.7M | ||
| Q3 24 | $30.2M | $170.3M | ||
| Q2 24 | $42.6M | $220.2M |
总债务MUXPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | $126.2M | $280.9M | ||
| Q3 25 | $126.0M | $280.4M | ||
| Q2 25 | $125.8M | — | ||
| Q1 25 | $125.5M | — | ||
| Q4 24 | $40.0M | $283.5M | ||
| Q3 24 | $31.0M | — | ||
| Q2 24 | $34.0M | — |
股东权益MUXPI
| Q1 26 | — | — | ||
| Q4 25 | $546.2M | $209.2M | ||
| Q3 25 | $488.6M | $195.0M | ||
| Q2 25 | $484.5M | $187.7M | ||
| Q1 25 | $479.8M | $160.6M | ||
| Q4 24 | $495.0M | $149.9M | ||
| Q3 24 | $502.1M | $136.1M | ||
| Q2 24 | $485.2M | $117.0M |
总资产MUXPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $820.2M | $545.2M | ||
| Q3 25 | $747.6M | $516.5M | ||
| Q2 25 | $735.6M | $508.8M | ||
| Q1 25 | $730.6M | $479.8M | ||
| Q4 24 | $664.6M | $489.1M | ||
| Q3 24 | $667.8M | $476.4M | ||
| Q2 24 | $645.1M | $446.1M |
负债/权益比MUXPI
| Q1 26 | — | — | ||
| Q4 25 | 0.23× | 1.34× | ||
| Q3 25 | 0.26× | 1.44× | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.08× | 1.89× | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.07× | — |
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 | $3.1M | — |
| 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 | 0.08× | — |
| 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MUXPI
| Q1 26 | — | — | ||
| Q4 25 | $3.1M | $15.1M | ||
| Q3 25 | $5.2M | $20.9M | ||
| Q2 25 | $478.0K | $33.9M | ||
| Q1 25 | $-1.9M | $-11.1M | ||
| Q4 24 | $-1.2M | $12.6M | ||
| Q3 24 | $23.2M | $10.1M | ||
| Q2 24 | $3.6M | $45.5M |
自由现金流MUXPI
| 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MUXPI
| 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MUXPI
| 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MUXPI
| Q1 26 | — | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.16× | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 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
