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IMPINJ INC（PI）与VICOR CORP（VICR）财务数据对比。点击上方公司名可切换其他公司
VICOR CORP的季度营收约是IMPINJ INC的1.2倍（$113.0M vs $92.8M）。VICOR CORP净利率更高（18.3% vs -1.2%，领先19.5%）。VICOR CORP同比增速更快（20.2% vs 1.4%）。过去两年VICOR CORP的营收复合增速更高（14.7% vs 9.9%）
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。
Vicor Corporation是总部位于美国马萨诸塞州安多弗的电源模块专业制造商，深耕高性能电源模块的研发、生产与销售，可为多个行业客户提供高效可靠的电源解决方案，在全球电源技术领域具备较强的技术优势与市场竞争力。
PI vs VICR — 直观对比
营收规模更大
VICR
是对方的1.2倍
$92.8M
营收增速更快
VICR
高出18.8%
1.4%
净利率更高
VICR
高出19.5%
-1.2%
两年增速更快
VICR
近两年复合增速
9.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $92.8M | $113.0M |
| 净利润 | $-1.1M | $20.7M |
| 毛利率 | 51.8% | — |
| 营业利润率 | -2.9% | — |
| 净利率 | -1.2% | 18.3% |
| 营收同比 | 1.4% | 20.2% |
| 净利润同比 | 57.7% | 713.9% |
| 每股收益（稀释后） | $-0.02 | $0.44 |
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PIVICR
| Q1 26 | — | $113.0M | ||
| Q4 25 | $92.8M | $107.3M | ||
| Q3 25 | $96.1M | $110.4M | ||
| Q2 25 | $97.9M | $96.0M | ||
| Q1 25 | $74.3M | $94.0M | ||
| Q4 24 | $91.6M | $96.2M | ||
| Q3 24 | $95.2M | $93.2M | ||
| Q2 24 | $102.5M | $85.9M |
净利润PIVICR
| Q1 26 | — | $20.7M | ||
| Q4 25 | $-1.1M | $46.5M | ||
| Q3 25 | $-12.8M | $28.3M | ||
| Q2 25 | $11.6M | $41.2M | ||
| Q1 25 | $-8.5M | $2.5M | ||
| Q4 24 | $-2.7M | $10.2M | ||
| Q3 24 | $221.0K | $11.6M | ||
| Q2 24 | $10.0M | $-1.2M |
毛利率PIVICR
| Q1 26 | — | — | ||
| Q4 25 | 51.8% | 55.4% | ||
| Q3 25 | 50.3% | 57.5% | ||
| Q2 25 | 57.8% | 95.9% | ||
| Q1 25 | 49.4% | 47.2% | ||
| Q4 24 | 50.5% | 52.4% | ||
| Q3 24 | 50.0% | 49.1% | ||
| Q2 24 | 56.1% | 49.8% |
营业利润率PIVICR
| Q1 26 | — | — | ||
| Q4 25 | -2.9% | 14.6% | ||
| Q3 25 | 0.7% | 18.9% | ||
| Q2 25 | 11.1% | 47.3% | ||
| Q1 25 | -12.9% | -0.2% | ||
| Q4 24 | -3.9% | 9.6% | ||
| Q3 24 | -0.8% | 5.8% | ||
| Q2 24 | 8.8% | 0.2% |
净利率PIVICR
| Q1 26 | — | 18.3% | ||
| Q4 25 | -1.2% | 43.4% | ||
| Q3 25 | -13.3% | 25.6% | ||
| Q2 25 | 11.8% | 42.9% | ||
| Q1 25 | -11.4% | 2.7% | ||
| Q4 24 | -2.9% | 10.7% | ||
| Q3 24 | 0.2% | 12.4% | ||
| Q2 24 | 9.7% | -1.4% |
每股收益（稀释后）PIVICR
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-0.02 | $1.01 | ||
| Q3 25 | $-0.44 | $0.63 | ||
| Q2 25 | $0.39 | $0.91 | ||
| Q1 25 | $-0.30 | $0.06 | ||
| Q4 24 | $-0.06 | $0.24 | ||
| Q3 24 | $0.01 | $0.26 | ||
| Q2 24 | $0.34 | $-0.03 |
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 | $175.3M | $404.2M |
| 总债务越低越好 | $280.9M | — |
| 股东权益账面价值 | $209.2M | $754.1M |
| 总资产 | $545.2M | $804.9M |
| 负债/权益比越低杠杆越低 | 1.34× | — |
8季度趋势，按日历期对齐
现金及短期投资PIVICR
| Q1 26 | — | $404.2M | ||
| Q4 25 | $175.3M | $402.8M | ||
| Q3 25 | $190.1M | $362.4M | ||
| Q2 25 | $193.2M | $338.5M | ||
| Q1 25 | $147.9M | $296.1M | ||
| Q4 24 | $164.7M | $277.3M | ||
| Q3 24 | $170.3M | $267.6M | ||
| Q2 24 | $220.2M | $251.9M |
总债务PIVICR
| Q1 26 | — | — | ||
| Q4 25 | $280.9M | — | ||
| Q3 25 | $280.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $283.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PIVICR
| Q1 26 | — | $754.1M | ||
| Q4 25 | $209.2M | $711.6M | ||
| Q3 25 | $195.0M | $630.1M | ||
| Q2 25 | $187.7M | $608.6M | ||
| Q1 25 | $160.6M | $580.3M | ||
| Q4 24 | $149.9M | $570.1M | ||
| Q3 24 | $136.1M | $554.6M | ||
| Q2 24 | $117.0M | $537.2M |
总资产PIVICR
| Q1 26 | — | $804.9M | ||
| Q4 25 | $545.2M | $785.8M | ||
| Q3 25 | $516.5M | $710.2M | ||
| Q2 25 | $508.8M | $693.5M | ||
| Q1 25 | $479.8M | $665.0M | ||
| Q4 24 | $489.1M | $641.1M | ||
| Q3 24 | $476.4M | $632.8M | ||
| Q2 24 | $446.1M | $613.2M |
负债/权益比PIVICR
| 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 | $15.1M | — |
| 自由现金流经营现金流 - 资本支出 | $13.6M | — |
| 自由现金流率自由现金流/营收 | 14.7% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 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 | $45.9M | — |
8季度趋势，按日历期对齐
经营现金流PIVICR
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $15.7M | ||
| Q3 25 | $20.9M | $38.5M | ||
| Q2 25 | $33.9M | $65.2M | ||
| Q1 25 | $-11.1M | $20.1M | ||
| Q4 24 | $12.6M | $10.1M | ||
| Q3 24 | $10.1M | $22.6M | ||
| Q2 24 | $45.5M | $15.6M |
自由现金流PIVICR
| Q1 26 | — | — | ||
| Q4 25 | $13.6M | $10.2M | ||
| Q3 25 | $18.0M | $34.5M | ||
| Q2 25 | $27.3M | $59.0M | ||
| Q1 25 | $-13.0M | $15.6M | ||
| Q4 24 | $8.5M | $8.4M | ||
| Q3 24 | $4.7M | $14.1M | ||
| Q2 24 | $44.1M | $9.4M |
自由现金流率PIVICR
| Q1 26 | — | — | ||
| Q4 25 | 14.7% | 9.5% | ||
| Q3 25 | 18.7% | 31.2% | ||
| Q2 25 | 27.9% | 61.5% | ||
| Q1 25 | -17.5% | 16.6% | ||
| Q4 24 | 9.3% | 8.7% | ||
| Q3 24 | 4.9% | 15.2% | ||
| Q2 24 | 43.0% | 11.0% |
资本支出强度PIVICR
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 5.2% | ||
| Q3 25 | 3.1% | 3.6% | ||
| Q2 25 | 6.7% | 6.5% | ||
| Q1 25 | 2.5% | 4.8% | ||
| Q4 24 | 4.5% | 1.8% | ||
| Q3 24 | 5.7% | 9.1% | ||
| Q2 24 | 1.3% | 7.2% |
现金转化率PIVICR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | 2.93× | 1.58× | ||
| Q1 25 | — | 7.93× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | 45.56× | 1.95× | ||
| 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
| Endpoint I Cs | $75.2M | 81% |
| Systems | $17.7M | 19% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
