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IMPINJ INC（PI）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是IMPINJ INC的1.1倍（$81.3M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -72.8%，领先84.0%），Planet Labs PBC同比增速更快（32.6% vs -0.0%），IMPINJ INC自由现金流更多（$2.2M vs $1.9M），过去两年Planet Labs PBC的营收复合增速更高（17.5% vs -14.9%）
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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
PI vs PL — 直观对比
营收规模更大
PL
是对方的1.1倍
$74.3M
营收增速更快
PL
高出32.7%
-0.0%
净利率更高
PI
高出84.0%
-72.8%
自由现金流更多
PI
多$344.0K
$1.9M
两年增速更快
PL
近两年复合增速
-14.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $81.3M |
| 净利润 | $8.3M | $-59.2M |
| 毛利率 | 49.1% | 57.3% |
| 营业利润率 | 30.5% | -22.6% |
| 净利率 | 11.2% | -72.8% |
| 营收同比 | -0.0% | 32.6% |
| 净利润同比 | — | -194.7% |
| 每股收益（稀释后） | $0.14 | $-0.19 |
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PIPL
| Q1 26 | $74.3M | — | ||
| Q4 25 | $92.8M | $81.3M | ||
| Q3 25 | $96.1M | $73.4M | ||
| Q2 25 | $97.9M | $66.3M | ||
| Q1 25 | $74.3M | $61.6M | ||
| Q4 24 | $91.6M | $61.3M | ||
| Q3 24 | $95.2M | $61.1M | ||
| Q2 24 | $102.5M | $60.4M |
净利润PIPL
| Q1 26 | $8.3M | — | ||
| Q4 25 | $-1.1M | $-59.2M | ||
| Q3 25 | $-12.8M | $-22.6M | ||
| Q2 25 | $11.6M | $-12.6M | ||
| Q1 25 | $-8.5M | $-35.2M | ||
| Q4 24 | $-2.7M | $-20.1M | ||
| Q3 24 | $221.0K | $-38.7M | ||
| Q2 24 | $10.0M | $-29.3M |
毛利率PIPL
| Q1 26 | 49.1% | — | ||
| Q4 25 | 51.8% | 57.3% | ||
| Q3 25 | 50.3% | 57.6% | ||
| Q2 25 | 57.8% | 55.2% | ||
| Q1 25 | 49.4% | 62.1% | ||
| Q4 24 | 50.5% | 61.2% | ||
| Q3 24 | 50.0% | 52.9% | ||
| Q2 24 | 56.1% | 52.4% |
营业利润率PIPL
| Q1 26 | 30.5% | — | ||
| Q4 25 | -2.9% | -22.6% | ||
| Q3 25 | 0.7% | -24.5% | ||
| Q2 25 | 11.1% | -34.4% | ||
| Q1 25 | -12.9% | -31.5% | ||
| Q4 24 | -3.9% | -36.9% | ||
| Q3 24 | -0.8% | -64.8% | ||
| Q2 24 | 8.8% | -57.2% |
净利率PIPL
| Q1 26 | 11.2% | — | ||
| Q4 25 | -1.2% | -72.8% | ||
| Q3 25 | -13.3% | -30.8% | ||
| Q2 25 | 11.8% | -19.1% | ||
| Q1 25 | -11.4% | -57.1% | ||
| Q4 24 | -2.9% | -32.8% | ||
| Q3 24 | 0.2% | -63.3% | ||
| Q2 24 | 9.7% | -48.5% |
每股收益（稀释后）PIPL
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.02 | $-0.19 | ||
| Q3 25 | $-0.44 | $-0.07 | ||
| Q2 25 | $0.39 | $-0.04 | ||
| Q1 25 | $-0.30 | $-0.12 | ||
| Q4 24 | $-0.06 | $-0.07 | ||
| Q3 24 | $0.01 | $-0.13 | ||
| Q2 24 | $0.34 | $-0.10 |
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 | $131.8M | $443.3M |
| 总债务越低越好 | $241.5M | — |
| 股东权益账面价值 | — | $349.6M |
| 总资产 | $502.5M | $1.1B |
| 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PIPL
| Q1 26 | $131.8M | — | ||
| Q4 25 | $175.3M | $443.3M | ||
| Q3 25 | $190.1M | $181.1M | ||
| Q2 25 | $193.2M | $133.5M | ||
| Q1 25 | $147.9M | $118.0M | ||
| Q4 24 | $164.7M | $139.0M | ||
| Q3 24 | $170.3M | $148.3M | ||
| Q2 24 | $220.2M | $107.4M |
总债务PIPL
| 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PIPL
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $349.6M | ||
| Q3 25 | $195.0M | $435.7M | ||
| Q2 25 | $187.7M | $444.8M | ||
| Q1 25 | $160.6M | $441.3M | ||
| Q4 24 | $149.9M | $464.6M | ||
| Q3 24 | $136.1M | $473.2M | ||
| Q2 24 | $117.0M | $500.3M |
总资产PIPL
| Q1 26 | $502.5M | — | ||
| Q4 25 | $545.2M | $1.1B | ||
| Q3 25 | $516.5M | $696.4M | ||
| Q2 25 | $508.8M | $658.4M | ||
| Q1 25 | $479.8M | $633.8M | ||
| Q4 24 | $489.1M | $630.8M | ||
| Q3 24 | $476.4M | $658.4M | ||
| Q2 24 | $446.1M | $674.6M |
负债/权益比PIPL
| 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 | — | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $2.2M | $1.9M |
| 自由现金流率自由现金流/营收 | 3.0% | 2.3% |
| 资本支出强度资本支出/营收 | — | 32.9% |
| 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 | $61.1M | $40.7M |
8季度趋势，按日历期对齐
经营现金流PIPL
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $28.6M | ||
| Q3 25 | $20.9M | $67.8M | ||
| Q2 25 | $33.9M | $17.3M | ||
| Q1 25 | $-11.1M | $-6.3M | ||
| Q4 24 | $12.6M | $4.1M | ||
| Q3 24 | $10.1M | $-7.9M | ||
| Q2 24 | $45.5M | $-4.3M |
自由现金流PIPL
| Q1 26 | $2.2M | — | ||
| Q4 25 | $13.6M | $1.9M | ||
| Q3 25 | $18.0M | $47.5M | ||
| Q2 25 | $27.3M | $9.2M | ||
| Q1 25 | $-13.0M | $-17.9M | ||
| Q4 24 | $8.5M | $-3.6M | ||
| Q3 24 | $4.7M | $-23.0M | ||
| Q2 24 | $44.1M | $-14.2M |
自由现金流率PIPL
| Q1 26 | 3.0% | — | ||
| Q4 25 | 14.7% | 2.3% | ||
| Q3 25 | 18.7% | 64.7% | ||
| Q2 25 | 27.9% | 13.9% | ||
| Q1 25 | -17.5% | -29.1% | ||
| Q4 24 | 9.3% | -5.8% | ||
| Q3 24 | 4.9% | -37.6% | ||
| Q2 24 | 43.0% | -23.6% |
资本支出强度PIPL
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 32.9% | ||
| Q3 25 | 3.1% | 27.6% | ||
| Q2 25 | 6.7% | 12.3% | ||
| Q1 25 | 2.5% | 18.9% | ||
| Q4 24 | 4.5% | 12.5% | ||
| Q3 24 | 5.7% | 24.8% | ||
| Q2 24 | 1.3% | 16.4% |
现金转化率PIPL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 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
业务分部营收拆解
PI
暂无分部数据
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
