vs
PETMED EXPRESS INC（PETS）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PETMED EXPRESS INC的1.8倍（$74.3M vs $40.7M），IMPINJ INC净利率更高（11.2% vs -26.0%，领先37.2%），IMPINJ INC同比增速更快（-0.0% vs -23.3%），IMPINJ INC自由现金流更多（$2.2M vs $-9.2M），过去两年IMPINJ INC的营收复合增速更高（-14.9% vs -20.9%）
PetMed Express，也叫PetMeds，是总部位于美国的线上宠物药房。该企业公开上市，主营宠物处方及非处方药物销售业务，是北美知名的宠物医药线上零售平台。
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。
PETS vs PI — 直观对比
营收规模更大
PI
是对方的1.8倍
$40.7M
营收增速更快
PI
高出23.2%
-23.3%
净利率更高
PI
高出37.2%
-26.0%
自由现金流更多
PI
多$11.5M
$-9.2M
两年增速更快
PI
近两年复合增速
-20.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $40.7M | $74.3M |
| 净利润 | $-10.6M | $8.3M |
| 毛利率 | 23.3% | 49.1% |
| 营业利润率 | -25.7% | 30.5% |
| 净利率 | -26.0% | 11.2% |
| 营收同比 | -23.3% | -0.0% |
| 净利润同比 | -1392.6% | — |
| 每股收益（稀释后） | $-0.50 | $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PETSPI
| Q1 26 | — | $74.3M | ||
| Q4 25 | $40.7M | $92.8M | ||
| Q3 25 | $44.4M | $96.1M | ||
| Q2 25 | $51.2M | $97.9M | ||
| Q1 25 | $50.8M | $74.3M | ||
| Q4 24 | $52.0M | $91.6M | ||
| Q3 24 | $58.0M | $95.2M | ||
| Q2 24 | $66.2M | $102.5M |
净利润PETSPI
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-10.6M | $-1.1M | ||
| Q3 25 | $-8.5M | $-12.8M | ||
| Q2 25 | $-34.2M | $11.6M | ||
| Q1 25 | $-11.6M | $-8.5M | ||
| Q4 24 | $-707.0K | $-2.7M | ||
| Q3 24 | $2.3M | $221.0K | ||
| Q2 24 | $3.8M | $10.0M |
毛利率PETSPI
| Q1 26 | — | 49.1% | ||
| Q4 25 | 23.3% | 51.8% | ||
| Q3 25 | 28.0% | 50.3% | ||
| Q2 25 | 28.1% | 57.8% | ||
| Q1 25 | 29.9% | 49.4% | ||
| Q4 24 | 31.0% | 50.5% | ||
| Q3 24 | 32.3% | 50.0% | ||
| Q2 24 | 28.8% | 56.1% |
营业利润率PETSPI
| Q1 26 | — | 30.5% | ||
| Q4 25 | -25.7% | -2.9% | ||
| Q3 25 | -18.9% | 0.7% | ||
| Q2 25 | -66.7% | 11.1% | ||
| Q1 25 | -11.9% | -12.9% | ||
| Q4 24 | -0.9% | -3.9% | ||
| Q3 24 | 1.0% | -0.8% | ||
| Q2 24 | 6.6% | 8.8% |
净利率PETSPI
| Q1 26 | — | 11.2% | ||
| Q4 25 | -26.0% | -1.2% | ||
| Q3 25 | -19.2% | -13.3% | ||
| Q2 25 | -66.7% | 11.8% | ||
| Q1 25 | -22.9% | -11.4% | ||
| Q4 24 | -1.4% | -2.9% | ||
| Q3 24 | 4.0% | 0.2% | ||
| Q2 24 | 5.7% | 9.7% |
每股收益（稀释后）PETSPI
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.50 | $-0.02 | ||
| Q3 25 | $-0.41 | $-0.44 | ||
| Q2 25 | $-1.65 | $0.39 | ||
| Q1 25 | $-0.56 | $-0.30 | ||
| Q4 24 | $-0.03 | $-0.06 | ||
| Q3 24 | $0.11 | $0.01 | ||
| Q2 24 | $0.18 | $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 | $26.9M | $131.8M |
| 总债务越低越好 | — | $241.5M |
| 股东权益账面价值 | $32.8M | — |
| 总资产 | $88.0M | $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PETSPI
| Q1 26 | — | $131.8M | ||
| Q4 25 | $26.9M | $175.3M | ||
| Q3 25 | $36.1M | $190.1M | ||
| Q2 25 | $41.1M | $193.2M | ||
| Q1 25 | $54.7M | $147.9M | ||
| Q4 24 | $50.1M | $164.7M | ||
| Q3 24 | $52.0M | $170.3M | ||
| Q2 24 | $46.0M | $220.2M |
总债务PETSPI
| 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PETSPI
| Q1 26 | — | — | ||
| Q4 25 | $32.8M | $209.2M | ||
| Q3 25 | $43.1M | $195.0M | ||
| Q2 25 | $51.5M | $187.7M | ||
| Q1 25 | $85.1M | $160.6M | ||
| Q4 24 | $96.2M | $149.9M | ||
| Q3 24 | $96.4M | $136.1M | ||
| Q2 24 | $93.5M | $117.0M |
总资产PETSPI
| Q1 26 | — | $502.5M | ||
| Q4 25 | $88.0M | $545.2M | ||
| Q3 25 | $100.3M | $516.5M | ||
| Q2 25 | $109.8M | $508.8M | ||
| Q1 25 | $148.7M | $479.8M | ||
| Q4 24 | $144.8M | $489.1M | ||
| Q3 24 | $146.0M | $476.4M | ||
| Q2 24 | $152.7M | $446.1M |
负债/权益比PETSPI
| 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 | $-9.2M | — |
| 自由现金流经营现金流 - 资本支出 | $-9.2M | $2.2M |
| 自由现金流率自由现金流/营收 | -22.7% | 3.0% |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 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 | $-23.0M | $61.1M |
8季度趋势，按日历期对齐
经营现金流PETSPI
| Q1 26 | — | — | ||
| Q4 25 | $-9.2M | $15.1M | ||
| Q3 25 | $-2.2M | $20.9M | ||
| Q2 25 | $-12.3M | $33.9M | ||
| Q1 25 | $7.0M | $-11.1M | ||
| Q4 24 | $-1.2M | $12.6M | ||
| Q3 24 | $7.4M | $10.1M | ||
| Q2 24 | $-8.5M | $45.5M |
自由现金流PETSPI
| Q1 26 | — | $2.2M | ||
| Q4 25 | $-9.2M | $13.6M | ||
| Q3 25 | $-4.8M | $18.0M | ||
| Q2 25 | $-13.6M | $27.3M | ||
| Q1 25 | $4.6M | $-13.0M | ||
| Q4 24 | $-1.9M | $8.5M | ||
| Q3 24 | $6.1M | $4.7M | ||
| Q2 24 | $-9.2M | $44.1M |
自由现金流率PETSPI
| Q1 26 | — | 3.0% | ||
| Q4 25 | -22.7% | 14.7% | ||
| Q3 25 | -10.8% | 18.7% | ||
| Q2 25 | -26.5% | 27.9% | ||
| Q1 25 | 9.1% | -17.5% | ||
| Q4 24 | -3.7% | 9.3% | ||
| Q3 24 | 10.6% | 4.9% | ||
| Q2 24 | -13.9% | 43.0% |
资本支出强度PETSPI
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 1.6% | ||
| Q3 25 | 5.9% | 3.1% | ||
| Q2 25 | 2.5% | 6.7% | ||
| Q1 25 | 4.7% | 2.5% | ||
| Q4 24 | 1.5% | 4.5% | ||
| Q3 24 | 2.2% | 5.7% | ||
| Q2 24 | 1.0% | 1.3% |
现金转化率PETSPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.18× | 45.56× | ||
| Q2 24 | -2.27× | 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
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
PI
暂无分部数据
