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IMPINJ INC（PI）与SHENANDOAH TELECOMMUNICATIONS CO（SHEN）财务数据对比。点击上方公司名可切换其他公司
SHENANDOAH TELECOMMUNICATIONS CO的季度营收约是IMPINJ INC的1.2倍（$91.6M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -5.9%，领先17.1%），SHENANDOAH TELECOMMUNICATIONS CO同比增速更快（7.2% vs -0.0%），IMPINJ INC自由现金流更多（$2.2M vs $-78.6M），过去两年SHENANDOAH TELECOMMUNICATIONS CO的营收复合增速更高（15.0% 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。
谢南多厄电信是总部位于美国弗吉尼亚州的区域性电信服务商，面向美国中大西洋地区多州的居民及商业客户提供宽带互联网、无线通信、数字有线电视及光纤网络解决方案，重点服务乡村及城郊欠发达区域。
PI vs SHEN — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $91.6M |
| 净利润 | $8.3M | $-5.4M |
| 毛利率 | 49.1% | — |
| 营业利润率 | 30.5% | -1.0% |
| 净利率 | 11.2% | -5.9% |
| 营收同比 | -0.0% | 7.2% |
| 净利润同比 | — | -95.8% |
| 每股收益（稀释后） | $0.14 | $-0.13 |
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
| Q1 26 | $74.3M | — | ||
| Q4 25 | $92.8M | $91.6M | ||
| Q3 25 | $96.1M | $89.8M | ||
| Q2 25 | $97.9M | $88.6M | ||
| Q1 25 | $74.3M | $87.9M | ||
| Q4 24 | $91.6M | $85.4M | ||
| Q3 24 | $95.2M | $87.6M | ||
| Q2 24 | $102.5M | $85.8M |
| Q1 26 | $8.3M | — | ||
| Q4 25 | $-1.1M | $-5.4M | ||
| Q3 25 | $-12.8M | $-9.4M | ||
| Q2 25 | $11.6M | $-9.0M | ||
| Q1 25 | $-8.5M | $-9.1M | ||
| Q4 24 | $-2.7M | $-2.7M | ||
| Q3 24 | $221.0K | $-5.3M | ||
| Q2 24 | $10.0M | $-12.9M |
| 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% | — |
| Q1 26 | 30.5% | — | ||
| Q4 25 | -2.9% | -1.0% | ||
| Q3 25 | 0.7% | -8.0% | ||
| Q2 25 | 11.1% | -10.3% | ||
| Q1 25 | -12.9% | -6.9% | ||
| Q4 24 | -3.9% | -6.7% | ||
| Q3 24 | -0.8% | -4.8% | ||
| Q2 24 | 8.8% | -18.5% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | -1.2% | -5.9% | ||
| Q3 25 | -13.3% | -10.5% | ||
| Q2 25 | 11.8% | -10.2% | ||
| Q1 25 | -11.4% | -10.4% | ||
| Q4 24 | -2.9% | -3.2% | ||
| Q3 24 | 0.2% | -6.0% | ||
| Q2 24 | 9.7% | -15.0% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.02 | $-0.13 | ||
| Q3 25 | $-0.44 | $-0.20 | ||
| Q2 25 | $0.39 | $-0.19 | ||
| Q1 25 | $-0.30 | $-0.19 | ||
| Q4 24 | $-0.06 | $-0.34 | ||
| Q3 24 | $0.01 | $-0.13 | ||
| Q2 24 | $0.34 | $-0.24 |
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 | $27.3M |
| 总债务越低越好 | $241.5M | $642.4M |
| 股东权益账面价值 | — | $880.8M |
| 总资产 | $502.5M | $1.9B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
| Q1 26 | $131.8M | — | ||
| Q4 25 | $175.3M | $27.3M | ||
| Q3 25 | $190.1M | $22.6M | ||
| Q2 25 | $193.2M | $29.1M | ||
| Q1 25 | $147.9M | $87.5M | ||
| Q4 24 | $164.7M | $46.3M | ||
| Q3 24 | $170.3M | $43.1M | ||
| Q2 24 | $220.2M | $43.8M |
| Q1 26 | $241.5M | — | ||
| Q4 25 | $280.9M | $642.4M | ||
| Q3 25 | $280.4M | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | $283.5M | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M |
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $880.8M | ||
| Q3 25 | $195.0M | $892.7M | ||
| Q2 25 | $187.7M | $902.0M | ||
| Q1 25 | $160.6M | $910.5M | ||
| Q4 24 | $149.9M | $918.6M | ||
| Q3 24 | $136.1M | $925.4M | ||
| Q2 24 | $117.0M | $933.1M |
| Q1 26 | $502.5M | — | ||
| Q4 25 | $545.2M | $1.9B | ||
| Q3 25 | $516.5M | $1.9B | ||
| Q2 25 | $508.8M | $1.8B | ||
| Q1 25 | $479.8M | $1.8B | ||
| Q4 24 | $489.1M | $1.7B | ||
| Q3 24 | $476.4M | $1.7B | ||
| Q2 24 | $446.1M | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 0.73× | ||
| Q3 25 | 1.44× | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | 1.89× | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× |
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 | — | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $2.2M | $-78.6M |
| 自由现金流率自由现金流/营收 | 3.0% | -85.8% |
| 资本支出强度资本支出/营收 | — | 117.2% |
| 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 | $-257.9M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $28.8M | ||
| Q3 25 | $20.9M | $30.7M | ||
| Q2 25 | $33.9M | $20.9M | ||
| Q1 25 | $-11.1M | $20.5M | ||
| Q4 24 | $12.6M | $20.6M | ||
| Q3 24 | $10.1M | $24.3M | ||
| Q2 24 | $45.5M | $2.5M |
| Q1 26 | $2.2M | — | ||
| Q4 25 | $13.6M | $-78.6M | ||
| Q3 25 | $18.0M | $-51.4M | ||
| Q2 25 | $27.3M | $-65.3M | ||
| Q1 25 | $-13.0M | $-62.7M | ||
| Q4 24 | $8.5M | $-72.0M | ||
| Q3 24 | $4.7M | $-51.3M | ||
| Q2 24 | $44.1M | $-78.3M |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 14.7% | -85.8% | ||
| Q3 25 | 18.7% | -57.2% | ||
| Q2 25 | 27.9% | -73.7% | ||
| Q1 25 | -17.5% | -71.3% | ||
| Q4 24 | 9.3% | -84.3% | ||
| Q3 24 | 4.9% | -58.5% | ||
| Q2 24 | 43.0% | -91.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 117.2% | ||
| Q3 25 | 3.1% | 91.4% | ||
| Q2 25 | 6.7% | 97.3% | ||
| Q1 25 | 2.5% | 94.7% | ||
| Q4 24 | 4.5% | 108.4% | ||
| Q3 24 | 5.7% | 86.2% | ||
| Q2 24 | 1.3% | 94.2% |
| 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
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
