vs
IMPINJ INC（PI）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是IMPINJ INC的1.3倍（$100.0M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -7.0%，领先18.2%），null同比增速更快（14.5% vs -0.0%），null自由现金流更多（$14.1M vs $2.2M），过去两年null的营收复合增速更高（-4.9% 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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
PI vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.3倍
$74.3M
营收增速更快
SWIM
高出14.6%
-0.0%
净利率更高
PI
高出18.2%
-7.0%
自由现金流更多
SWIM
多$11.9M
$2.2M
两年增速更快
SWIM
近两年复合增速
-14.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $100.0M |
| 净利润 | $8.3M | $-7.0M |
| 毛利率 | 49.1% | 28.0% |
| 营业利润率 | 30.5% | -10.7% |
| 净利率 | 11.2% | -7.0% |
| 营收同比 | -0.0% | 14.5% |
| 净利润同比 | — | 76.0% |
| 每股收益（稀释后） | $0.14 | $-0.06 |
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PISWIM
| Q1 26 | $74.3M | — | ||
| Q4 25 | $92.8M | $100.0M | ||
| Q3 25 | $96.1M | $161.9M | ||
| Q2 25 | $97.9M | $172.6M | ||
| Q1 25 | $74.3M | $111.4M | ||
| Q4 24 | $91.6M | $87.3M | ||
| Q3 24 | $95.2M | $150.5M | ||
| Q2 24 | $102.5M | $160.1M |
净利润PISWIM
| Q1 26 | $8.3M | — | ||
| Q4 25 | $-1.1M | $-7.0M | ||
| Q3 25 | $-12.8M | $8.1M | ||
| Q2 25 | $11.6M | $16.0M | ||
| Q1 25 | $-8.5M | $-6.0M | ||
| Q4 24 | $-2.7M | $-29.2M | ||
| Q3 24 | $221.0K | $5.9M | ||
| Q2 24 | $10.0M | $13.3M |
毛利率PISWIM
| Q1 26 | 49.1% | — | ||
| Q4 25 | 51.8% | 28.0% | ||
| Q3 25 | 50.3% | 35.4% | ||
| Q2 25 | 57.8% | 37.1% | ||
| Q1 25 | 49.4% | 29.5% | ||
| Q4 24 | 50.5% | 24.6% | ||
| Q3 24 | 50.0% | 32.4% | ||
| Q2 24 | 56.1% | 33.1% |
营业利润率PISWIM
| Q1 26 | 30.5% | — | ||
| Q4 25 | -2.9% | -10.7% | ||
| Q3 25 | 0.7% | 13.3% | ||
| Q2 25 | 11.1% | 14.3% | ||
| Q1 25 | -12.9% | -4.4% | ||
| Q4 24 | -3.9% | -14.9% | ||
| Q3 24 | -0.8% | 8.9% | ||
| Q2 24 | 8.8% | 12.5% |
净利率PISWIM
| Q1 26 | 11.2% | — | ||
| Q4 25 | -1.2% | -7.0% | ||
| Q3 25 | -13.3% | 5.0% | ||
| Q2 25 | 11.8% | 9.3% | ||
| Q1 25 | -11.4% | -5.4% | ||
| Q4 24 | -2.9% | -33.4% | ||
| Q3 24 | 0.2% | 3.9% | ||
| Q2 24 | 9.7% | 8.3% |
每股收益（稀释后）PISWIM
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.02 | $-0.06 | ||
| Q3 25 | $-0.44 | $0.07 | ||
| Q2 25 | $0.39 | $0.13 | ||
| Q1 25 | $-0.30 | $-0.05 | ||
| Q4 24 | $-0.06 | $-0.24 | ||
| Q3 24 | $0.01 | $0.05 | ||
| Q2 24 | $0.34 | $0.11 |
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 | — |
| 总债务越低越好 | $241.5M | $279.8M |
| 股东权益账面价值 | — | $405.9M |
| 总资产 | $502.5M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资PISWIM
| Q1 26 | $131.8M | — | ||
| Q4 25 | $175.3M | — | ||
| Q3 25 | $190.1M | — | ||
| Q2 25 | $193.2M | — | ||
| Q1 25 | $147.9M | — | ||
| Q4 24 | $164.7M | — | ||
| Q3 24 | $170.3M | — | ||
| Q2 24 | $220.2M | — |
总债务PISWIM
| Q1 26 | $241.5M | — | ||
| Q4 25 | $280.9M | $279.8M | ||
| Q3 25 | $280.4M | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $283.5M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
股东权益PISWIM
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $405.9M | ||
| Q3 25 | $195.0M | $408.4M | ||
| Q2 25 | $187.7M | $398.4M | ||
| Q1 25 | $160.6M | $381.1M | ||
| Q4 24 | $149.9M | $387.2M | ||
| Q3 24 | $136.1M | $416.6M | ||
| Q2 24 | $117.0M | $408.1M |
总资产PISWIM
| Q1 26 | $502.5M | — | ||
| Q4 25 | $545.2M | $823.2M | ||
| Q3 25 | $516.5M | $844.4M | ||
| Q2 25 | $508.8M | $822.1M | ||
| Q1 25 | $479.8M | $824.6M | ||
| Q4 24 | $489.1M | $794.2M | ||
| Q3 24 | $476.4M | $853.4M | ||
| Q2 24 | $446.1M | $830.0M |
负债/权益比PISWIM
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 0.69× | ||
| Q3 25 | 1.44× | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 1.89× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
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 | — | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $2.2M | $14.1M |
| 自由现金流率自由现金流/营收 | 3.0% | 14.1% |
| 资本支出强度资本支出/营收 | — | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流PISWIM
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $23.3M | ||
| Q3 25 | $20.9M | $51.0M | ||
| Q2 25 | $33.9M | $36.0M | ||
| Q1 25 | $-11.1M | $-46.9M | ||
| Q4 24 | $12.6M | $6.2M | ||
| Q3 24 | $10.1M | $37.2M | ||
| Q2 24 | $45.5M | $52.4M |
自由现金流PISWIM
| Q1 26 | $2.2M | — | ||
| Q4 25 | $13.6M | $14.1M | ||
| Q3 25 | $18.0M | $45.2M | ||
| Q2 25 | $27.3M | $29.1M | ||
| Q1 25 | $-13.0M | $-50.3M | ||
| Q4 24 | $8.5M | $-98.0K | ||
| Q3 24 | $4.7M | $33.2M | ||
| Q2 24 | $44.1M | $47.9M |
自由现金流率PISWIM
| Q1 26 | 3.0% | — | ||
| Q4 25 | 14.7% | 14.1% | ||
| Q3 25 | 18.7% | 27.9% | ||
| Q2 25 | 27.9% | 16.8% | ||
| Q1 25 | -17.5% | -45.2% | ||
| Q4 24 | 9.3% | -0.1% | ||
| Q3 24 | 4.9% | 22.1% | ||
| Q2 24 | 43.0% | 29.9% |
资本支出强度PISWIM
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 9.2% | ||
| Q3 25 | 3.1% | 3.6% | ||
| Q2 25 | 6.7% | 4.0% | ||
| Q1 25 | 2.5% | 3.1% | ||
| Q4 24 | 4.5% | 7.2% | ||
| Q3 24 | 5.7% | 2.7% | ||
| Q2 24 | 1.3% | 2.8% |
现金转化率PISWIM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | 2.93× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.56× | 6.32× | ||
| Q2 24 | 4.56× | 3.95× |
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
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
