vs
IMPINJ INC（PI）与Safehold Inc.（SAFE）财务数据对比。点击上方公司名可切换其他公司
Safehold Inc.的季度营收约是IMPINJ INC的1.3倍（$97.9M vs $74.3M），Safehold Inc.净利率更高（28.5% vs 11.2%，领先17.3%），Safehold Inc.同比增速更快（6.5% vs -0.0%），过去两年Safehold Inc.的营收复合增速更高（2.5% 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。
SAFE投资有限公司是一家位于中国香港的中国主权财富基金，主要承担主权财富相关的投资运营职能，依托香港的国际金融中心优势开展相关投资业务。
PI vs SAFE — 直观对比
营收规模更大
SAFE
是对方的1.3倍
$74.3M
营收增速更快
SAFE
高出6.6%
-0.0%
净利率更高
SAFE
高出17.3%
11.2%
两年增速更快
SAFE
近两年复合增速
-14.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $97.9M |
| 净利润 | $8.3M | $27.9M |
| 毛利率 | 49.1% | 98.6% |
| 营业利润率 | 30.5% | 27.4% |
| 净利率 | 11.2% | 28.5% |
| 营收同比 | -0.0% | 6.5% |
| 净利润同比 | — | 7.1% |
| 每股收益（稀释后） | $0.14 | $0.38 |
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PISAFE
| Q1 26 | $74.3M | — | ||
| Q4 25 | $92.8M | $97.9M | ||
| Q3 25 | $96.1M | $96.2M | ||
| Q2 25 | $97.9M | $93.8M | ||
| Q1 25 | $74.3M | $97.7M | ||
| Q4 24 | $91.6M | $91.9M | ||
| Q3 24 | $95.2M | $90.7M | ||
| Q2 24 | $102.5M | $89.9M |
净利润PISAFE
| Q1 26 | $8.3M | — | ||
| Q4 25 | $-1.1M | $27.9M | ||
| Q3 25 | $-12.8M | $29.3M | ||
| Q2 25 | $11.6M | $27.9M | ||
| Q1 25 | $-8.5M | $29.4M | ||
| Q4 24 | $-2.7M | $26.0M | ||
| Q3 24 | $221.0K | $19.3M | ||
| Q2 24 | $10.0M | $29.7M |
毛利率PISAFE
| Q1 26 | 49.1% | — | ||
| Q4 25 | 51.8% | 98.6% | ||
| Q3 25 | 50.3% | 98.5% | ||
| Q2 25 | 57.8% | 99.1% | ||
| Q1 25 | 49.4% | 98.8% | ||
| Q4 24 | 50.5% | 98.8% | ||
| Q3 24 | 50.0% | 98.8% | ||
| Q2 24 | 56.1% | 98.8% |
营业利润率PISAFE
| Q1 26 | 30.5% | — | ||
| Q4 25 | -2.9% | 27.4% | ||
| Q3 25 | 0.7% | 25.9% | ||
| Q2 25 | 11.1% | 25.5% | ||
| Q1 25 | -12.9% | 25.9% | ||
| Q4 24 | -3.9% | 24.6% | ||
| Q3 24 | -0.8% | 17.5% | ||
| Q2 24 | 8.8% | 26.7% |
净利率PISAFE
| Q1 26 | 11.2% | — | ||
| Q4 25 | -1.2% | 28.5% | ||
| Q3 25 | -13.3% | 30.5% | ||
| Q2 25 | 11.8% | 29.8% | ||
| Q1 25 | -11.4% | 30.1% | ||
| Q4 24 | -2.9% | 28.3% | ||
| Q3 24 | 0.2% | 21.3% | ||
| Q2 24 | 9.7% | 33.0% |
每股收益（稀释后）PISAFE
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.02 | $0.38 | ||
| Q3 25 | $-0.44 | $0.41 | ||
| Q2 25 | $0.39 | $0.39 | ||
| Q1 25 | $-0.30 | $0.41 | ||
| Q4 24 | $-0.06 | $0.36 | ||
| Q3 24 | $0.01 | $0.27 | ||
| Q2 24 | $0.34 | $0.42 |
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 | $21.7M |
| 总债务越低越好 | $241.5M | $4.6B |
| 股东权益账面价值 | — | $2.4B |
| 总资产 | $502.5M | $7.2B |
| 负债/权益比越低杠杆越低 | — | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资PISAFE
| Q1 26 | $131.8M | — | ||
| Q4 25 | $175.3M | $21.7M | ||
| Q3 25 | $190.1M | $12.1M | ||
| Q2 25 | $193.2M | $13.9M | ||
| Q1 25 | $147.9M | $17.3M | ||
| Q4 24 | $164.7M | $8.3M | ||
| Q3 24 | $170.3M | $15.6M | ||
| Q2 24 | $220.2M | $13.4M |
总债务PISAFE
| Q1 26 | $241.5M | — | ||
| Q4 25 | $280.9M | $4.6B | ||
| Q3 25 | $280.4M | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $283.5M | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B |
股东权益PISAFE
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $2.4B | ||
| Q3 25 | $195.0M | $2.4B | ||
| Q2 25 | $187.7M | $2.4B | ||
| Q1 25 | $160.6M | $2.4B | ||
| Q4 24 | $149.9M | $2.3B | ||
| Q3 24 | $136.1M | $2.3B | ||
| Q2 24 | $117.0M | $2.3B |
总资产PISAFE
| Q1 26 | $502.5M | — | ||
| Q4 25 | $545.2M | $7.2B | ||
| Q3 25 | $516.5M | $7.1B | ||
| Q2 25 | $508.8M | $7.1B | ||
| Q1 25 | $479.8M | $6.9B | ||
| Q4 24 | $489.1M | $6.9B | ||
| Q3 24 | $476.4M | $6.8B | ||
| Q2 24 | $446.1M | $6.8B |
负债/权益比PISAFE
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 1.90× | ||
| Q3 25 | 1.44× | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | 1.89× | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× |
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 | — | $47.8M |
| 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 | — | 1.72× |
| 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PISAFE
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $47.8M | ||
| Q3 25 | $20.9M | $-1.4M | ||
| Q2 25 | $33.9M | $28.0M | ||
| Q1 25 | $-11.1M | $8.9M | ||
| Q4 24 | $12.6M | $37.9M | ||
| Q3 24 | $10.1M | $8.3M | ||
| Q2 24 | $45.5M | $24.8M |
自由现金流PISAFE
| Q1 26 | $2.2M | — | ||
| Q4 25 | $13.6M | — | ||
| Q3 25 | $18.0M | — | ||
| Q2 25 | $27.3M | — | ||
| Q1 25 | $-13.0M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $4.7M | — | ||
| Q2 24 | $44.1M | — |
自由现金流率PISAFE
| Q1 26 | 3.0% | — | ||
| Q4 25 | 14.7% | — | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 27.9% | — | ||
| Q1 25 | -17.5% | — | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 43.0% | — |
资本支出强度PISAFE
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 1.3% | — |
现金转化率PISAFE
| Q1 26 | — | — | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | 2.93× | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 45.56× | 0.43× | ||
| Q2 24 | 4.56× | 0.83× |
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
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
