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IMPINJ INC（PI）与RE/MAX Holdings, Inc.（RMAX）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RE/MAX Holdings, Inc.的1.0倍（$74.3M vs $71.1M），IMPINJ INC净利率更高（11.2% vs 2.0%，领先9.2%），IMPINJ INC同比增速更快（-0.0% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $2.2M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% 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。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
PI vs RMAX — 直观对比
营收规模更大
PI
是对方的1.0倍
$71.1M
营收增速更快
PI
高出1.8%
-1.8%
净利率更高
PI
高出9.2%
2.0%
自由现金流更多
RMAX
多$31.3M
$2.2M
两年增速更快
RMAX
近两年复合增速
-14.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $71.1M |
| 净利润 | $8.3M | $1.4M |
| 毛利率 | 49.1% | — |
| 营业利润率 | 30.5% | 13.1% |
| 净利率 | 11.2% | 2.0% |
| 营收同比 | -0.0% | -1.8% |
| 净利润同比 | — | -75.2% |
| 每股收益（稀释后） | $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PIRMAX
| Q1 26 | $74.3M | — | ||
| Q4 25 | $92.8M | $71.1M | ||
| Q3 25 | $96.1M | $73.2M | ||
| Q2 25 | $97.9M | $72.8M | ||
| Q1 25 | $74.3M | $74.5M | ||
| Q4 24 | $91.6M | $72.5M | ||
| Q3 24 | $95.2M | $78.5M | ||
| Q2 24 | $102.5M | $78.5M |
净利润PIRMAX
| Q1 26 | $8.3M | — | ||
| Q4 25 | $-1.1M | $1.4M | ||
| Q3 25 | $-12.8M | $4.0M | ||
| Q2 25 | $11.6M | $4.7M | ||
| Q1 25 | $-8.5M | $-2.0M | ||
| Q4 24 | $-2.7M | $5.8M | ||
| Q3 24 | $221.0K | $966.0K | ||
| Q2 24 | $10.0M | $3.7M |
毛利率PIRMAX
| 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PIRMAX
| Q1 26 | 30.5% | — | ||
| Q4 25 | -2.9% | 13.1% | ||
| Q3 25 | 0.7% | 25.0% | ||
| Q2 25 | 11.1% | 19.3% | ||
| Q1 25 | -12.9% | 7.2% | ||
| Q4 24 | -3.9% | 5.9% | ||
| Q3 24 | -0.8% | 19.4% | ||
| Q2 24 | 8.8% | 20.6% |
净利率PIRMAX
| Q1 26 | 11.2% | — | ||
| Q4 25 | -1.2% | 2.0% | ||
| Q3 25 | -13.3% | 5.4% | ||
| Q2 25 | 11.8% | 6.4% | ||
| Q1 25 | -11.4% | -2.6% | ||
| Q4 24 | -2.9% | 8.0% | ||
| Q3 24 | 0.2% | 1.2% | ||
| Q2 24 | 9.7% | 4.7% |
每股收益（稀释后）PIRMAX
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.44 | — | ||
| Q2 25 | $0.39 | — | ||
| Q1 25 | $-0.30 | — | ||
| Q4 24 | $-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 | $118.7M |
| 总债务越低越好 | $241.5M | $432.2M |
| 股东权益账面价值 | — | $452.4M |
| 总资产 | $502.5M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资PIRMAX
| Q1 26 | $131.8M | — | ||
| Q4 25 | $175.3M | $118.7M | ||
| Q3 25 | $190.1M | $107.5M | ||
| Q2 25 | $193.2M | $94.3M | ||
| Q1 25 | $147.9M | $89.1M | ||
| Q4 24 | $164.7M | $96.6M | ||
| Q3 24 | $170.3M | $83.8M | ||
| Q2 24 | $220.2M | $66.1M |
总债务PIRMAX
| Q1 26 | $241.5M | — | ||
| Q4 25 | $280.9M | $432.2M | ||
| Q3 25 | $280.4M | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $283.5M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M |
股东权益PIRMAX
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $452.4M | ||
| Q3 25 | $195.0M | $448.1M | ||
| Q2 25 | $187.7M | $442.4M | ||
| Q1 25 | $160.6M | $433.5M | ||
| Q4 24 | $149.9M | $429.5M | ||
| Q3 24 | $136.1M | $423.1M | ||
| Q2 24 | $117.0M | $418.4M |
总资产PIRMAX
| Q1 26 | $502.5M | — | ||
| Q4 25 | $545.2M | $582.5M | ||
| Q3 25 | $516.5M | $582.2M | ||
| Q2 25 | $508.8M | $574.8M | ||
| Q1 25 | $479.8M | $571.4M | ||
| Q4 24 | $489.1M | $581.6M | ||
| Q3 24 | $476.4M | $578.6M | ||
| Q2 24 | $446.1M | $571.4M |
负债/权益比PIRMAX
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 0.96× | ||
| Q3 25 | 1.44× | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 1.89× | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× |
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 | — | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $2.2M | $33.5M |
| 自由现金流率自由现金流/营收 | 3.0% | 47.1% |
| 资本支出强度资本支出/营收 | — | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $61.1M | $56.8M |
8季度趋势，按日历期对齐
经营现金流PIRMAX
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $40.9M | ||
| Q3 25 | $20.9M | $17.7M | ||
| Q2 25 | $33.9M | $4.6M | ||
| Q1 25 | $-11.1M | $5.7M | ||
| Q4 24 | $12.6M | $59.7M | ||
| Q3 24 | $10.1M | $17.6M | ||
| Q2 24 | $45.5M | $15.9M |
自由现金流PIRMAX
| Q1 26 | $2.2M | — | ||
| Q4 25 | $13.6M | $33.5M | ||
| Q3 25 | $18.0M | $16.4M | ||
| Q2 25 | $27.3M | $2.9M | ||
| Q1 25 | $-13.0M | $4.0M | ||
| Q4 24 | $8.5M | $53.0M | ||
| Q3 24 | $4.7M | $16.3M | ||
| Q2 24 | $44.1M | $14.0M |
自由现金流率PIRMAX
| Q1 26 | 3.0% | — | ||
| Q4 25 | 14.7% | 47.1% | ||
| Q3 25 | 18.7% | 22.4% | ||
| Q2 25 | 27.9% | 4.0% | ||
| Q1 25 | -17.5% | 5.3% | ||
| Q4 24 | 9.3% | 73.2% | ||
| Q3 24 | 4.9% | 20.8% | ||
| Q2 24 | 43.0% | 17.8% |
资本支出强度PIRMAX
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 10.4% | ||
| Q3 25 | 3.1% | 1.8% | ||
| Q2 25 | 6.7% | 2.2% | ||
| Q1 25 | 2.5% | 2.3% | ||
| Q4 24 | 4.5% | 9.1% | ||
| Q3 24 | 5.7% | 1.7% | ||
| Q2 24 | 1.3% | 2.4% |
现金转化率PIRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | 2.93× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 45.56× | 18.22× | ||
| Q2 24 | 4.56× | 4.29× |
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
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
