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NATURAL GAS SERVICES GROUP INC（NGS）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NATURAL GAS SERVICES GROUP INC的1.6倍（$74.3M vs $46.1M），IMPINJ INC净利率更高（11.2% vs 8.9%，领先2.3%），NATURAL GAS SERVICES GROUP INC同比增速更快（13.5% vs -0.0%），IMPINJ INC自由现金流更多（$2.2M vs $-20.7M）
南方公司燃气（原AGL资源）是入选财富美国500强的美国能源服务控股公司，总部位于佐治亚州亚特兰大。公司业务涵盖天然气分销、批发服务、零售业务及中游运营，是美国规模最大的天然气分销企业之一，通过旗下受监管分销子公司，为全美四个州约450万公用事业客户提供服务。
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。
NGS vs PI — 直观对比
营收规模更大
PI
是对方的1.6倍
$46.1M
营收增速更快
NGS
高出13.5%
-0.0%
净利率更高
PI
高出2.3%
8.9%
自由现金流更多
PI
多$22.9M
$-20.7M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $46.1M | $74.3M |
| 净利润 | $4.1M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | 15.4% | 30.5% |
| 净利率 | 8.9% | 11.2% |
| 营收同比 | 13.5% | -0.0% |
| 净利润同比 | 43.2% | — |
| 每股收益（稀释后） | $0.32 | $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NGSPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $46.1M | $92.8M | ||
| Q3 25 | $43.4M | $96.1M | ||
| Q2 25 | $41.4M | $97.9M | ||
| Q1 25 | $41.4M | $74.3M | ||
| Q4 24 | $40.7M | $91.6M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $102.5M |
净利润NGSPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $4.1M | $-1.1M | ||
| Q3 25 | $5.8M | $-12.8M | ||
| Q2 25 | $5.2M | $11.6M | ||
| Q1 25 | $4.9M | $-8.5M | ||
| Q4 24 | $2.9M | $-2.7M | ||
| Q3 24 | — | $221.0K | ||
| Q2 24 | — | $10.0M |
毛利率NGSPI
| Q1 26 | — | 49.1% | ||
| 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% |
营业利润率NGSPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | 15.4% | -2.9% | ||
| Q3 25 | 24.8% | 0.7% | ||
| Q2 25 | 24.0% | 11.1% | ||
| Q1 25 | 23.0% | -12.9% | ||
| Q4 24 | 14.9% | -3.9% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 8.8% |
净利率NGSPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | 8.9% | -1.2% | ||
| Q3 25 | 13.3% | -13.3% | ||
| Q2 25 | 12.5% | 11.8% | ||
| Q1 25 | 11.7% | -11.4% | ||
| Q4 24 | 7.0% | -2.9% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 9.7% |
每股收益（稀释后）NGSPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.32 | $-0.02 | ||
| Q3 25 | $0.46 | $-0.44 | ||
| Q2 25 | $0.41 | $0.39 | ||
| Q1 25 | $0.38 | $-0.30 | ||
| Q4 24 | $0.22 | $-0.06 | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $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 | $274.7M | — |
| 总资产 | $586.8M | $502.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NGSPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | — | $175.3M | ||
| Q3 25 | — | $190.1M | ||
| Q2 25 | $325.0K | $193.2M | ||
| Q1 25 | $2.1M | $147.9M | ||
| Q4 24 | $2.1M | $164.7M | ||
| Q3 24 | — | $170.3M | ||
| Q2 24 | — | $220.2M |
总债务NGSPI
| Q1 26 | — | $241.5M | ||
| Q4 25 | — | $280.9M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NGSPI
| Q1 26 | — | — | ||
| Q4 25 | $274.7M | $209.2M | ||
| Q3 25 | $271.4M | $195.0M | ||
| Q2 25 | $266.2M | $187.7M | ||
| Q1 25 | $260.3M | $160.6M | ||
| Q4 24 | $255.1M | $149.9M | ||
| Q3 24 | — | $136.1M | ||
| Q2 24 | — | $117.0M |
总资产NGSPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $586.8M | $545.2M | ||
| Q3 25 | $562.3M | $516.5M | ||
| Q2 25 | $525.5M | $508.8M | ||
| Q1 25 | $501.7M | $479.8M | ||
| Q4 24 | $492.5M | $489.1M | ||
| Q3 24 | — | $476.4M | ||
| Q2 24 | — | $446.1M |
负债/权益比NGSPI
| 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 | $13.9M | — |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | $2.2M |
| 自由现金流率自由现金流/营收 | -44.8% | 3.0% |
| 资本支出强度资本支出/营收 | 74.9% | — |
| 现金转化率经营现金流/净利润 | 3.38× | — |
| 过去12个月自由现金流最近4个季度 | $-58.6M | $61.1M |
8季度趋势，按日历期对齐
经营现金流NGSPI
| Q1 26 | — | — | ||
| Q4 25 | $13.9M | $15.1M | ||
| Q3 25 | $16.8M | $20.9M | ||
| Q2 25 | $11.0M | $33.9M | ||
| Q1 25 | $21.3M | $-11.1M | ||
| Q4 24 | $9.4M | $12.6M | ||
| Q3 24 | — | $10.1M | ||
| Q2 24 | — | $45.5M |
自由现金流NGSPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $-20.7M | $13.6M | ||
| Q3 25 | $-25.1M | $18.0M | ||
| Q2 25 | $-14.8M | $27.3M | ||
| Q1 25 | $2.0M | $-13.0M | ||
| Q4 24 | $-5.1M | $8.5M | ||
| Q3 24 | — | $4.7M | ||
| Q2 24 | — | $44.1M |
自由现金流率NGSPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | -44.8% | 14.7% | ||
| Q3 25 | -57.7% | 18.7% | ||
| Q2 25 | -35.8% | 27.9% | ||
| Q1 25 | 4.9% | -17.5% | ||
| Q4 24 | -12.6% | 9.3% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 43.0% |
资本支出强度NGSPI
| Q1 26 | — | — | ||
| Q4 25 | 74.9% | 1.6% | ||
| Q3 25 | 96.5% | 3.1% | ||
| Q2 25 | 62.4% | 6.7% | ||
| Q1 25 | 46.5% | 2.5% | ||
| Q4 24 | 35.8% | 4.5% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 1.3% |
现金转化率NGSPI
| Q1 26 | — | — | ||
| Q4 25 | 3.38× | — | ||
| Q3 25 | 2.90× | — | ||
| Q2 25 | 2.12× | 2.93× | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 3.29× | — | ||
| 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
