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IMPINJ INC（PI）与Proto Labs Inc（PRLB）财务数据对比。点击上方公司名可切换其他公司
Proto Labs Inc的季度营收约是IMPINJ INC的1.9倍（$139.3M vs $74.3M），IMPINJ INC净利率更高（11.2% vs 5.8%，领先5.4%），Proto Labs Inc同比增速更快（10.4% vs -0.0%），过去两年Proto Labs Inc的营收复合增速更高（5.3% 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。
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
PI vs PRLB — 直观对比
营收规模更大
PRLB
是对方的1.9倍
$74.3M
营收增速更快
PRLB
高出10.4%
-0.0%
净利率更高
PI
高出5.4%
5.8%
两年增速更快
PRLB
近两年复合增速
-14.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $139.3M |
| 净利润 | $8.3M | $8.1M |
| 毛利率 | 49.1% | 45.6% |
| 营业利润率 | 30.5% | 7.1% |
| 净利率 | 11.2% | 5.8% |
| 营收同比 | -0.0% | 10.4% |
| 净利润同比 | — | 125.4% |
| 每股收益（稀释后） | $0.14 | $0.29 |
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PIPRLB
| Q1 26 | $74.3M | $139.3M | ||
| Q4 25 | $92.8M | $136.5M | ||
| Q3 25 | $96.1M | $135.4M | ||
| Q2 25 | $97.9M | $135.1M | ||
| Q1 25 | $74.3M | $126.2M | ||
| Q4 24 | $91.6M | $121.8M | ||
| Q3 24 | $95.2M | $125.6M | ||
| Q2 24 | $102.5M | $125.6M |
净利润PIPRLB
| Q1 26 | $8.3M | $8.1M | ||
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $-12.8M | $7.2M | ||
| Q2 25 | $11.6M | $4.4M | ||
| Q1 25 | $-8.5M | $3.6M | ||
| Q4 24 | $-2.7M | — | ||
| Q3 24 | $221.0K | $7.2M | ||
| Q2 24 | $10.0M | $4.5M |
毛利率PIPRLB
| Q1 26 | 49.1% | 45.6% | ||
| Q4 25 | 51.8% | 44.2% | ||
| Q3 25 | 50.3% | 45.3% | ||
| Q2 25 | 57.8% | 44.3% | ||
| Q1 25 | 49.4% | 44.1% | ||
| Q4 24 | 50.5% | 42.7% | ||
| Q3 24 | 50.0% | 45.6% | ||
| Q2 24 | 56.1% | 45.0% |
营业利润率PIPRLB
| Q1 26 | 30.5% | 7.1% | ||
| Q4 25 | -2.9% | 5.0% | ||
| Q3 25 | 0.7% | 6.5% | ||
| Q2 25 | 11.1% | 3.7% | ||
| Q1 25 | -12.9% | 3.6% | ||
| Q4 24 | -3.9% | -1.2% | ||
| Q3 24 | -0.8% | 6.8% | ||
| Q2 24 | 8.8% | 4.8% |
净利率PIPRLB
| Q1 26 | 11.2% | 5.8% | ||
| Q4 25 | -1.2% | — | ||
| Q3 25 | -13.3% | 5.3% | ||
| Q2 25 | 11.8% | 3.3% | ||
| Q1 25 | -11.4% | 2.9% | ||
| Q4 24 | -2.9% | — | ||
| Q3 24 | 0.2% | 5.7% | ||
| Q2 24 | 9.7% | 3.6% |
每股收益（稀释后）PIPRLB
| Q1 26 | $0.14 | $0.29 | ||
| Q4 25 | $-0.02 | $0.25 | ||
| Q3 25 | $-0.44 | $0.30 | ||
| Q2 25 | $0.39 | $0.18 | ||
| Q1 25 | $-0.30 | $0.15 | ||
| Q4 24 | $-0.06 | $-0.01 | ||
| Q3 24 | $0.01 | $0.29 | ||
| Q2 24 | $0.34 | $0.18 |
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 | $124.0M |
| 总债务越低越好 | $241.5M | — |
| 股东权益账面价值 | — | $683.1M |
| 总资产 | $502.5M | $778.6M |
| 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PIPRLB
| Q1 26 | $131.8M | $124.0M | ||
| Q4 25 | $175.3M | $128.1M | ||
| Q3 25 | $190.1M | $119.2M | ||
| Q2 25 | $193.2M | $103.2M | ||
| Q1 25 | $147.9M | $96.8M | ||
| Q4 24 | $164.7M | $103.1M | ||
| Q3 24 | $170.3M | $100.5M | ||
| Q2 24 | $220.2M | $112.9M |
总债务PIPRLB
| 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PIPRLB
| Q1 26 | — | $683.1M | ||
| Q4 25 | $209.2M | $673.9M | ||
| Q3 25 | $195.0M | $664.7M | ||
| Q2 25 | $187.7M | $664.7M | ||
| Q1 25 | $160.6M | $656.8M | ||
| Q4 24 | $149.9M | $670.2M | ||
| Q3 24 | $136.1M | $680.0M | ||
| Q2 24 | $117.0M | $685.2M |
总资产PIPRLB
| Q1 26 | $502.5M | $778.6M | ||
| Q4 25 | $545.2M | $763.4M | ||
| Q3 25 | $516.5M | $756.9M | ||
| Q2 25 | $508.8M | $743.3M | ||
| Q1 25 | $479.8M | $737.5M | ||
| Q4 24 | $489.1M | $743.5M | ||
| Q3 24 | $476.4M | $753.8M | ||
| Q2 24 | $446.1M | $758.2M |
负债/权益比PIPRLB
| 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 | — | $17.5M |
| 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 | — | 2.16× |
| 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PIPRLB
| Q1 26 | — | $17.5M | ||
| Q4 25 | $15.1M | $16.5M | ||
| Q3 25 | $20.9M | $29.1M | ||
| Q2 25 | $33.9M | $10.6M | ||
| Q1 25 | $-11.1M | $18.4M | ||
| Q4 24 | $12.6M | $17.3M | ||
| Q3 24 | $10.1M | $24.8M | ||
| Q2 24 | $45.5M | $14.4M |
自由现金流PIPRLB
| Q1 26 | $2.2M | — | ||
| Q4 25 | $13.6M | $8.4M | ||
| Q3 25 | $18.0M | $25.0M | ||
| Q2 25 | $27.3M | $9.1M | ||
| Q1 25 | $-13.0M | $17.1M | ||
| Q4 24 | $8.5M | $16.5M | ||
| Q3 24 | $4.7M | $23.2M | ||
| Q2 24 | $44.1M | $10.2M |
自由现金流率PIPRLB
| Q1 26 | 3.0% | — | ||
| Q4 25 | 14.7% | 6.2% | ||
| Q3 25 | 18.7% | 18.5% | ||
| Q2 25 | 27.9% | 6.7% | ||
| Q1 25 | -17.5% | 13.6% | ||
| Q4 24 | 9.3% | 13.5% | ||
| Q3 24 | 4.9% | 18.5% | ||
| Q2 24 | 43.0% | 8.2% |
资本支出强度PIPRLB
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 5.9% | ||
| Q3 25 | 3.1% | 3.0% | ||
| Q2 25 | 6.7% | 1.1% | ||
| Q1 25 | 2.5% | 1.0% | ||
| Q4 24 | 4.5% | 0.7% | ||
| Q3 24 | 5.7% | 1.2% | ||
| Q2 24 | 1.3% | 3.3% |
现金转化率PIPRLB
| Q1 26 | — | 2.16× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.03× | ||
| Q2 25 | 2.93× | 2.39× | ||
| Q1 25 | — | 5.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.56× | 3.44× | ||
| Q2 24 | 4.56× | 3.18× |
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
PRLB
| CNC Machining | $63.2M | 45% |
| Injection Molding | $51.1M | 37% |
| 3D Printing | $20.5M | 15% |
| Sheet Metal | $4.4M | 3% |
| Other Revenue | $207.0K | 0% |
