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IMPINJ INC（PI）与SunPower Inc.（SPWR）财务数据对比。点击上方公司名可切换其他公司
SunPower Inc.的季度营收约是IMPINJ INC的1.1倍（$79.7M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -17.8%，领先29.0%），IMPINJ INC同比增速更快（-0.0% vs -10.1%），过去两年SunPower Inc.的营收复合增速更高（118.7% 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。
SunPower是一家美国光伏太阳能发电系统与储能电池产品供应商，主要服务住宅客户。公司由斯坦福大学电气工程教授理查德·斯旺森于1985年创立，总部位于加利福尼亚州圣何塞。赛普拉斯半导体2002年收购该公司多数股权后推动其快速发展，SunPower最终于2005年完成上市，目前是全球光伏领域知名企业。
PI vs SPWR — 直观对比
营收规模更大
SPWR
是对方的1.1倍
$74.3M
营收增速更快
PI
高出10.0%
-10.1%
净利率更高
PI
高出29.0%
-17.8%
两年增速更快
SPWR
近两年复合增速
-14.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $79.7M |
| 净利润 | $8.3M | $-14.2M |
| 毛利率 | 49.1% | 35.5% |
| 营业利润率 | 30.5% | -27.4% |
| 净利率 | 11.2% | -17.8% |
| 营收同比 | -0.0% | -10.1% |
| 净利润同比 | — | -130.1% |
| 每股收益（稀释后） | $0.14 | $-0.05 |
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PISPWR
| Q1 26 | $74.3M | — | ||
| Q4 25 | $92.8M | $79.7M | ||
| Q3 25 | $96.1M | $22.0M | ||
| Q2 25 | $97.9M | $67.5M | ||
| Q1 25 | $74.3M | $82.7M | ||
| Q4 24 | $91.6M | $88.7M | ||
| Q3 24 | $95.2M | — | ||
| Q2 24 | $102.5M | — |
净利润PISPWR
| Q1 26 | $8.3M | — | ||
| Q4 25 | $-1.1M | $-14.2M | ||
| Q3 25 | $-12.8M | $-16.9M | ||
| Q2 25 | $11.6M | $-22.4M | ||
| Q1 25 | $-8.5M | $8.1M | ||
| Q4 24 | $-2.7M | $47.0M | ||
| Q3 24 | $221.0K | — | ||
| Q2 24 | $10.0M | — |
毛利率PISPWR
| Q1 26 | 49.1% | — | ||
| Q4 25 | 51.8% | 35.5% | ||
| Q3 25 | 50.3% | — | ||
| Q2 25 | 57.8% | 42.6% | ||
| Q1 25 | 49.4% | 48.5% | ||
| Q4 24 | 50.5% | 46.5% | ||
| Q3 24 | 50.0% | — | ||
| Q2 24 | 56.1% | — |
营业利润率PISPWR
| Q1 26 | 30.5% | — | ||
| Q4 25 | -2.9% | -27.4% | ||
| Q3 25 | 0.7% | -15.7% | ||
| Q2 25 | 11.1% | -4.0% | ||
| Q1 25 | -12.9% | 1.3% | ||
| Q4 24 | -3.9% | -24.2% | ||
| Q3 24 | -0.8% | — | ||
| Q2 24 | 8.8% | — |
净利率PISPWR
| Q1 26 | 11.2% | — | ||
| Q4 25 | -1.2% | -17.8% | ||
| Q3 25 | -13.3% | -76.9% | ||
| Q2 25 | 11.8% | -33.2% | ||
| Q1 25 | -11.4% | 9.8% | ||
| Q4 24 | -2.9% | 53.0% | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 9.7% | — |
每股收益（稀释后）PISPWR
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.02 | $-0.05 | ||
| Q3 25 | $-0.44 | $-0.19 | ||
| Q2 25 | $0.39 | $-0.28 | ||
| Q1 25 | $-0.30 | $0.00 | ||
| Q4 24 | $-0.06 | $0.27 | ||
| 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 | $9.6M |
| 总债务越低越好 | $241.5M | $164.8M |
| 股东权益账面价值 | — | $-90.1M |
| 总资产 | $502.5M | $241.2M |
| 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PISPWR
| Q1 26 | $131.8M | — | ||
| Q4 25 | $175.3M | $9.6M | ||
| Q3 25 | $190.1M | $5.1M | ||
| Q2 25 | $193.2M | $11.1M | ||
| Q1 25 | $147.9M | $10.6M | ||
| Q4 24 | $164.7M | $13.4M | ||
| Q3 24 | $170.3M | — | ||
| Q2 24 | $220.2M | — |
总债务PISPWR
| Q1 26 | $241.5M | — | ||
| Q4 25 | $280.9M | $164.8M | ||
| Q3 25 | $280.4M | $204.3M | ||
| Q2 25 | — | $152.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | $283.5M | $147.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PISPWR
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $-90.1M | ||
| Q3 25 | $195.0M | $-112.3M | ||
| Q2 25 | $187.7M | $-107.2M | ||
| Q1 25 | $160.6M | $-89.0M | ||
| Q4 24 | $149.9M | $-97.5M | ||
| Q3 24 | $136.1M | — | ||
| Q2 24 | $117.0M | — |
总资产PISPWR
| Q1 26 | $502.5M | — | ||
| Q4 25 | $545.2M | $241.2M | ||
| Q3 25 | $516.5M | $208.3M | ||
| Q2 25 | $508.8M | $163.1M | ||
| Q1 25 | $479.8M | $147.8M | ||
| Q4 24 | $489.1M | $144.5M | ||
| Q3 24 | $476.4M | — | ||
| Q2 24 | $446.1M | — |
负债/权益比PISPWR
| 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 | — | $-1.9M |
| 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 | — | — |
| 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PISPWR
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $-1.9M | ||
| Q3 25 | $20.9M | $-6.4M | ||
| Q2 25 | $33.9M | $-4.4M | ||
| Q1 25 | $-11.1M | $-2.6M | ||
| Q4 24 | $12.6M | $-25.6M | ||
| Q3 24 | $10.1M | — | ||
| Q2 24 | $45.5M | — |
自由现金流PISPWR
| 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PISPWR
| 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PISPWR
| 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PISPWR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.93× | — | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | -0.54× | ||
| 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
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
