vs
IMPINJ INC（PI）与Southland Holdings, Inc.（SLND）财务数据对比。点击上方公司名可切换其他公司
Southland Holdings, Inc.的季度营收约是IMPINJ INC的1.4倍（$104.0M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -208.2%，领先219.4%），IMPINJ INC同比增速更快（-0.0% vs -61.1%），Southland Holdings, Inc.自由现金流更多（$9.3M vs $2.2M），过去两年IMPINJ INC的营收复合增速更高（-14.9% vs -39.9%）
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。
Southland Holdings, Inc.是北美知名基础设施建设企业，主营公路、桥梁、机场等交通工程、水处理系统搭建及商业场地开发业务，服务公共部门及私营领域客户，业务覆盖北美核心市场。
PI vs SLND — 直观对比
营收规模更大
SLND
是对方的1.4倍
$74.3M
营收增速更快
PI
高出61.1%
-61.1%
净利率更高
PI
高出219.4%
-208.2%
自由现金流更多
SLND
多$7.1M
$2.2M
两年增速更快
PI
近两年复合增速
-39.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $104.0M |
| 净利润 | $8.3M | $-216.4M |
| 毛利率 | 49.1% | -186.0% |
| 营业利润率 | 30.5% | -202.4% |
| 净利率 | 11.2% | -208.2% |
| 营收同比 | -0.0% | -61.1% |
| 净利润同比 | — | -5108.5% |
| 每股收益（稀释后） | $0.14 | $-4.01 |
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PISLND
| Q1 26 | $74.3M | — | ||
| Q4 25 | $92.8M | $104.0M | ||
| Q3 25 | $96.1M | $213.3M | ||
| Q2 25 | $97.9M | $215.4M | ||
| Q1 25 | $74.3M | $239.5M | ||
| Q4 24 | $91.6M | $267.3M | ||
| Q3 24 | $95.2M | $173.3M | ||
| Q2 24 | $102.5M | $251.5M |
净利润PISLND
| Q1 26 | $8.3M | — | ||
| Q4 25 | $-1.1M | $-216.4M | ||
| Q3 25 | $-12.8M | $-75.3M | ||
| Q2 25 | $11.6M | $-10.3M | ||
| Q1 25 | $-8.5M | $-4.6M | ||
| Q4 24 | $-2.7M | $-4.2M | ||
| Q3 24 | $221.0K | $-54.7M | ||
| Q2 24 | $10.0M | $-46.1M |
毛利率PISLND
| Q1 26 | 49.1% | — | ||
| Q4 25 | 51.8% | -186.0% | ||
| Q3 25 | 50.3% | 1.5% | ||
| Q2 25 | 57.8% | 6.2% | ||
| Q1 25 | 49.4% | 9.0% | ||
| Q4 24 | 50.5% | 2.9% | ||
| Q3 24 | 50.0% | -29.5% | ||
| Q2 24 | 56.1% | -15.9% |
营业利润率PISLND
| Q1 26 | 30.5% | — | ||
| Q4 25 | -2.9% | -202.4% | ||
| Q3 25 | 0.7% | -5.3% | ||
| Q2 25 | 11.1% | -0.1% | ||
| Q1 25 | -12.9% | 2.1% | ||
| Q4 24 | -3.9% | -3.0% | ||
| Q3 24 | -0.8% | -39.6% | ||
| Q2 24 | 8.8% | -22.1% |
净利率PISLND
| Q1 26 | 11.2% | — | ||
| Q4 25 | -1.2% | -208.2% | ||
| Q3 25 | -13.3% | -35.3% | ||
| Q2 25 | 11.8% | -4.8% | ||
| Q1 25 | -11.4% | -1.9% | ||
| Q4 24 | -2.9% | -1.6% | ||
| Q3 24 | 0.2% | -31.6% | ||
| Q2 24 | 9.7% | -18.3% |
每股收益（稀释后）PISLND
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.02 | $-4.01 | ||
| Q3 25 | $-0.44 | $-1.39 | ||
| Q2 25 | $0.39 | $-0.19 | ||
| Q1 25 | $-0.30 | $-0.08 | ||
| Q4 24 | $-0.06 | $-0.08 | ||
| Q3 24 | $0.01 | $-1.14 | ||
| Q2 24 | $0.34 | $-0.96 |
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 | $52.7M |
| 总债务越低越好 | $241.5M | $257.7M |
| 股东权益账面价值 | — | $-140.9M |
| 总资产 | $502.5M | $989.3M |
| 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PISLND
| Q1 26 | $131.8M | — | ||
| Q4 25 | $175.3M | $52.7M | ||
| Q3 25 | $190.1M | $40.5M | ||
| Q2 25 | $193.2M | $46.5M | ||
| Q1 25 | $147.9M | $65.1M | ||
| Q4 24 | $164.7M | $72.2M | ||
| Q3 24 | $170.3M | $91.4M | ||
| Q2 24 | $220.2M | $52.4M |
总债务PISLND
| Q1 26 | $241.5M | — | ||
| Q4 25 | $280.9M | $257.7M | ||
| Q3 25 | $280.4M | $267.8M | ||
| Q2 25 | — | $278.6M | ||
| Q1 25 | — | $288.1M | ||
| Q4 24 | $283.5M | $300.1M | ||
| Q3 24 | — | $318.3M | ||
| Q2 24 | — | $307.8M |
股东权益PISLND
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $-140.9M | ||
| Q3 25 | $195.0M | $75.0M | ||
| Q2 25 | $187.7M | $151.1M | ||
| Q1 25 | $160.6M | $159.1M | ||
| Q4 24 | $149.9M | $163.7M | ||
| Q3 24 | $136.1M | $149.1M | ||
| Q2 24 | $117.0M | $203.3M |
总资产PISLND
| Q1 26 | $502.5M | — | ||
| Q4 25 | $545.2M | $989.3M | ||
| Q3 25 | $516.5M | $1.1B | ||
| Q2 25 | $508.8M | $1.2B | ||
| Q1 25 | $479.8M | $1.2B | ||
| Q4 24 | $489.1M | $1.2B | ||
| Q3 24 | $476.4M | $1.2B | ||
| Q2 24 | $446.1M | $1.3B |
负债/权益比PISLND
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | — | ||
| Q3 25 | 1.44× | 3.57× | ||
| Q2 25 | — | 1.84× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | 1.89× | 1.83× | ||
| Q3 24 | — | 2.14× | ||
| Q2 24 | — | 1.51× |
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 | — | $9.7M |
| 自由现金流经营现金流 - 资本支出 | $2.2M | $9.3M |
| 自由现金流率自由现金流/营收 | 3.0% | 8.9% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 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 | $12.7M |
8季度趋势，按日历期对齐
经营现金流PISLND
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $9.7M | ||
| Q3 25 | $20.9M | $5.9M | ||
| Q2 25 | $33.9M | $-5.4M | ||
| Q1 25 | $-11.1M | $6.4M | ||
| Q4 24 | $12.6M | $-10.3M | ||
| Q3 24 | $10.1M | $-5.3M | ||
| Q2 24 | $45.5M | $27.4M |
自由现金流PISLND
| Q1 26 | $2.2M | — | ||
| Q4 25 | $13.6M | $9.3M | ||
| Q3 25 | $18.0M | $5.3M | ||
| Q2 25 | $27.3M | $-6.5M | ||
| Q1 25 | $-13.0M | $4.6M | ||
| Q4 24 | $8.5M | $-11.5M | ||
| Q3 24 | $4.7M | $-7.3M | ||
| Q2 24 | $44.1M | $26.3M |
自由现金流率PISLND
| Q1 26 | 3.0% | — | ||
| Q4 25 | 14.7% | 8.9% | ||
| Q3 25 | 18.7% | 2.5% | ||
| Q2 25 | 27.9% | -3.0% | ||
| Q1 25 | -17.5% | 1.9% | ||
| Q4 24 | 9.3% | -4.3% | ||
| Q3 24 | 4.9% | -4.2% | ||
| Q2 24 | 43.0% | 10.5% |
资本支出强度PISLND
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 0.4% | ||
| Q3 25 | 3.1% | 0.3% | ||
| Q2 25 | 6.7% | 0.5% | ||
| Q1 25 | 2.5% | 0.7% | ||
| Q4 24 | 4.5% | 0.5% | ||
| Q3 24 | 5.7% | 1.1% | ||
| Q2 24 | 1.3% | 0.4% |
现金转化率PISLND
| 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
SLND
| Civil | $58.4M | 56% |
| Transportation | $45.6M | 44% |
