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MICROVISION, INC.（MVIS）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MICROVISION, INC.的416.4倍（$92.8M vs $223.0K）。IMPINJ INC净利率更高（-1.2% vs -16930.9%，领先16929.7%）。IMPINJ INC同比增速更快（1.4% vs -86.5%）。IMPINJ INC自由现金流更多（$13.6M vs $-15.6M）。过去两年IMPINJ INC的营收复合增速更高（9.9% vs -51.7%）
MicroVision Inc.是一家专注于激光雷达传感器、微型显示解决方案与感知软件研发的科技企业，核心产品覆盖车载高级驾驶辅助系统、AR设备、消费电子及工业自动化等领域，为各类下一代智能应用提供高精度、低功耗的技术支持。
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。
MVIS vs PI — 直观对比
营收规模更大
PI
是对方的416.4倍
$223.0K
营收增速更快
PI
高出87.9%
-86.5%
净利率更高
PI
高出16929.7%
-16930.9%
自由现金流更多
PI
多$29.3M
$-15.6M
两年增速更快
PI
近两年复合增速
-51.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $223.0K | $92.8M |
| 净利润 | $-37.8M | $-1.1M |
| 毛利率 | -7220.6% | 51.8% |
| 营业利润率 | -18570.0% | -2.9% |
| 净利率 | -16930.9% | -1.2% |
| 营收同比 | -86.5% | 1.4% |
| 净利润同比 | -21.2% | 57.7% |
| 每股收益（稀释后） | $-0.12 | $-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
营收MVISPI
| Q4 25 | $223.0K | $92.8M | ||
| Q3 25 | $241.0K | $96.1M | ||
| Q2 25 | $155.0K | $97.9M | ||
| Q1 25 | $589.0K | $74.3M | ||
| Q4 24 | $1.6M | $91.6M | ||
| Q3 24 | $190.0K | $95.2M | ||
| Q2 24 | $1.9M | $102.5M | ||
| Q1 24 | $956.0K | $76.8M |
净利润MVISPI
| Q4 25 | $-37.8M | $-1.1M | ||
| Q3 25 | $-14.2M | $-12.8M | ||
| Q2 25 | $-14.2M | $11.6M | ||
| Q1 25 | $-28.8M | $-8.5M | ||
| Q4 24 | $-31.2M | $-2.7M | ||
| Q3 24 | $-15.5M | $221.0K | ||
| Q2 24 | $-23.9M | $10.0M | ||
| Q1 24 | $-26.3M | $33.3M |
毛利率MVISPI
| Q4 25 | -7220.6% | 51.8% | ||
| Q3 25 | -297.1% | 50.3% | ||
| Q2 25 | -361.9% | 57.8% | ||
| Q1 25 | 6.6% | 49.4% | ||
| Q4 24 | -149.5% | 50.5% | ||
| Q3 24 | -206.8% | 50.0% | ||
| Q2 24 | 18.2% | 56.1% | ||
| Q1 24 | -33.6% | 48.9% |
营业利润率MVISPI
| Q4 25 | -18570.0% | -2.9% | ||
| Q3 25 | -5278.4% | 0.7% | ||
| Q2 25 | -9455.5% | 11.1% | ||
| Q1 25 | -2383.7% | -12.9% | ||
| Q4 24 | -1119.5% | -3.9% | ||
| Q3 24 | -8266.3% | -0.8% | ||
| Q2 24 | -1296.4% | 8.8% | ||
| Q1 24 | -2793.9% | -15.3% |
净利率MVISPI
| Q4 25 | -16930.9% | -1.2% | ||
| Q3 25 | -5899.2% | -13.3% | ||
| Q2 25 | -9180.0% | 11.8% | ||
| Q1 25 | -4886.1% | -11.4% | ||
| Q4 24 | -1888.2% | -2.9% | ||
| Q3 24 | -8166.8% | 0.2% | ||
| Q2 24 | -1259.5% | 9.7% | ||
| Q1 24 | -2752.4% | 43.4% |
每股收益（稀释后）MVISPI
| Q4 25 | $-0.12 | $-0.02 | ||
| Q3 25 | $-0.05 | $-0.44 | ||
| Q2 25 | $-0.06 | $0.39 | ||
| Q1 25 | $-0.12 | $-0.30 | ||
| Q4 24 | $-0.15 | $-0.06 | ||
| Q3 24 | $-0.07 | $0.01 | ||
| Q2 24 | $-0.11 | $0.34 | ||
| Q1 24 | $-0.13 | $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 | $74.9M | $175.3M |
| 总债务越低越好 | $19.2M | $280.9M |
| 股东权益账面价值 | $55.5M | $209.2M |
| 总资产 | $103.1M | $545.2M |
| 负债/权益比越低杠杆越低 | 0.35× | 1.34× |
8季度趋势，按日历期对齐
现金及短期投资MVISPI
| Q4 25 | $74.9M | $175.3M | ||
| Q3 25 | $99.5M | $190.1M | ||
| Q2 25 | $91.4M | $193.2M | ||
| Q1 25 | $69.0M | $147.9M | ||
| Q4 24 | $74.7M | $164.7M | ||
| Q3 24 | $43.2M | $170.3M | ||
| Q2 24 | $56.6M | $220.2M | ||
| Q1 24 | $73.1M | $174.1M |
总债务MVISPI
| Q4 25 | $19.2M | $280.9M | ||
| Q3 25 | $29.0M | $280.4M | ||
| Q2 25 | $32.3M | — | ||
| Q1 25 | $30.1M | — | ||
| Q4 24 | $33.0M | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MVISPI
| Q4 25 | $55.5M | $209.2M | ||
| Q3 25 | $90.7M | $195.0M | ||
| Q2 25 | $77.1M | $187.7M | ||
| Q1 25 | $53.2M | $160.6M | ||
| Q4 24 | $48.8M | $149.9M | ||
| Q3 24 | $65.9M | $136.1M | ||
| Q2 24 | $78.7M | $117.0M | ||
| Q1 24 | $93.8M | $85.9M |
总资产MVISPI
| Q4 25 | $103.1M | $545.2M | ||
| Q3 25 | $150.8M | $516.5M | ||
| Q2 25 | $140.6M | $508.8M | ||
| Q1 25 | $116.7M | $479.8M | ||
| Q4 24 | $121.2M | $489.1M | ||
| Q3 24 | $88.3M | $476.4M | ||
| Q2 24 | $103.4M | $446.1M | ||
| Q1 24 | $124.2M | $413.9M |
负债/权益比MVISPI
| Q4 25 | 0.35× | 1.34× | ||
| Q3 25 | 0.32× | 1.44× | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | 0.68× | 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 | $-15.4M | $15.1M |
| 自由现金流经营现金流 - 资本支出 | $-15.6M | $13.6M |
| 自由现金流率自由现金流/营收 | -7017.5% | 14.7% |
| 资本支出强度资本支出/营收 | 109.4% | 1.6% |
| 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 | $-59.4M | $45.9M |
8季度趋势，按日历期对齐
经营现金流MVISPI
| Q4 25 | $-15.4M | $15.1M | ||
| Q3 25 | $-16.5M | $20.9M | ||
| Q2 25 | $-12.7M | $33.9M | ||
| Q1 25 | $-14.1M | $-11.1M | ||
| Q4 24 | $-15.1M | $12.6M | ||
| Q3 24 | $-14.1M | $10.1M | ||
| Q2 24 | $-18.6M | $45.5M | ||
| Q1 24 | $-20.8M | $60.1M |
自由现金流MVISPI
| Q4 25 | $-15.6M | $13.6M | ||
| Q3 25 | $-16.6M | $18.0M | ||
| Q2 25 | $-12.9M | $27.3M | ||
| Q1 25 | $-14.2M | $-13.0M | ||
| Q4 24 | $-15.2M | $8.5M | ||
| Q3 24 | $-14.1M | $4.7M | ||
| Q2 24 | $-18.8M | $44.1M | ||
| Q1 24 | $-20.9M | $53.9M |
自由现金流率MVISPI
| Q4 25 | -7017.5% | 14.7% | ||
| Q3 25 | -6894.6% | 18.7% | ||
| Q2 25 | -8346.5% | 27.9% | ||
| Q1 25 | -2410.4% | -17.5% | ||
| Q4 24 | -918.7% | 9.3% | ||
| Q3 24 | -7421.1% | 4.9% | ||
| Q2 24 | -989.5% | 43.0% | ||
| Q1 24 | -2183.4% | 70.2% |
资本支出强度MVISPI
| Q4 25 | 109.4% | 1.6% | ||
| Q3 25 | 53.1% | 3.1% | ||
| Q2 25 | 134.2% | 6.7% | ||
| Q1 25 | 16.8% | 2.5% | ||
| Q4 24 | 6.2% | 4.5% | ||
| Q3 24 | 4.7% | 5.7% | ||
| Q2 24 | 8.7% | 1.3% | ||
| Q1 24 | 11.9% | 8.1% |
现金转化率MVISPI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 45.56× | ||
| Q2 24 | — | 4.56× | ||
| Q1 24 | — | 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
MVIS
暂无分部数据
PI
| Endpoint I Cs | $75.2M | 81% |
| Systems | $17.7M | 19% |
