vs
IMPINJ INC（PI）与VINCE HOLDING CORP.（VNCE）财务数据对比。点击上方公司名可切换其他公司
VINCE HOLDING CORP.的季度营收约是IMPINJ INC的1.1倍（$85.1M vs $74.3M），IMPINJ INC净利率更高（11.2% vs 3.2%，领先8.0%），VINCE HOLDING CORP.同比增速更快（6.2% vs -0.0%），IMPINJ INC自由现金流更多（$2.2M vs $-5.7M），过去两年VINCE HOLDING CORP.的营收复合增速更高（6.3% 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。
Vince是创立于2002年的现代时装品牌，主打简约高级的日常服饰，深受都市消费者喜爱。2023年，Authentic Brands Group以7650万美元收购了该品牌的知识产权。
PI vs VNCE — 直观对比
营收规模更大
VNCE
是对方的1.1倍
$74.3M
营收增速更快
VNCE
高出6.2%
-0.0%
净利率更高
PI
高出8.0%
3.2%
自由现金流更多
PI
多$7.9M
$-5.7M
两年增速更快
VNCE
近两年复合增速
-14.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $74.3M | $85.1M |
| 净利润 | $8.3M | $2.7M |
| 毛利率 | 49.1% | 49.2% |
| 营业利润率 | 30.5% | 6.4% |
| 净利率 | 11.2% | 3.2% |
| 营收同比 | -0.0% | 6.2% |
| 净利润同比 | — | -37.3% |
| 每股收益（稀释后） | $0.14 | $0.21 |
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PIVNCE
| Q1 26 | $74.3M | — | ||
| Q4 25 | $92.8M | $85.1M | ||
| Q3 25 | $96.1M | $73.2M | ||
| Q2 25 | $97.9M | $57.9M | ||
| Q1 25 | $74.3M | $80.0M | ||
| Q4 24 | $91.6M | $80.2M | ||
| Q3 24 | $95.2M | $74.2M | ||
| Q2 24 | $102.5M | $59.2M |
净利润PIVNCE
| Q1 26 | $8.3M | — | ||
| Q4 25 | $-1.1M | $2.7M | ||
| Q3 25 | $-12.8M | $12.1M | ||
| Q2 25 | $11.6M | $-4.8M | ||
| Q1 25 | $-8.5M | $-28.3M | ||
| Q4 24 | $-2.7M | $4.3M | ||
| Q3 24 | $221.0K | $569.0K | ||
| Q2 24 | $10.0M | $4.4M |
毛利率PIVNCE
| Q1 26 | 49.1% | — | ||
| Q4 25 | 51.8% | 49.2% | ||
| Q3 25 | 50.3% | 50.4% | ||
| Q2 25 | 57.8% | 50.3% | ||
| Q1 25 | 49.4% | 50.1% | ||
| Q4 24 | 50.5% | 50.0% | ||
| Q3 24 | 50.0% | 47.4% | ||
| Q2 24 | 56.1% | 50.6% |
营业利润率PIVNCE
| Q1 26 | 30.5% | — | ||
| Q4 25 | -2.9% | 6.4% | ||
| Q3 25 | 0.7% | 15.2% | ||
| Q2 25 | 11.1% | -7.7% | ||
| Q1 25 | -12.9% | -37.1% | ||
| Q4 24 | -3.9% | 7.2% | ||
| Q3 24 | -0.8% | 1.5% | ||
| Q2 24 | 8.8% | 9.5% |
净利率PIVNCE
| Q1 26 | 11.2% | — | ||
| Q4 25 | -1.2% | 3.2% | ||
| Q3 25 | -13.3% | 16.5% | ||
| Q2 25 | 11.8% | -8.3% | ||
| Q1 25 | -11.4% | -35.5% | ||
| Q4 24 | -2.9% | 5.4% | ||
| Q3 24 | 0.2% | 0.8% | ||
| Q2 24 | 9.7% | 7.4% |
每股收益（稀释后）PIVNCE
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.02 | $0.21 | ||
| Q3 25 | $-0.44 | $0.93 | ||
| Q2 25 | $0.39 | $-0.37 | ||
| Q1 25 | $-0.30 | $-2.25 | ||
| Q4 24 | $-0.06 | $0.34 | ||
| Q3 24 | $0.01 | $0.05 | ||
| Q2 24 | $0.34 | $0.35 |
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 | $1.1M |
| 总债务越低越好 | $241.5M | — |
| 股东权益账面价值 | — | $53.4M |
| 总资产 | $502.5M | $246.0M |
| 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PIVNCE
| Q1 26 | $131.8M | — | ||
| Q4 25 | $175.3M | $1.1M | ||
| Q3 25 | $190.1M | $777.0K | ||
| Q2 25 | $193.2M | $2.6M | ||
| Q1 25 | $147.9M | $607.0K | ||
| Q4 24 | $164.7M | $892.0K | ||
| Q3 24 | $170.3M | $711.0K | ||
| Q2 24 | $220.2M | $739.0K |
总债务PIVNCE
| Q1 26 | $241.5M | — | ||
| Q4 25 | $280.9M | — | ||
| Q3 25 | $280.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $283.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PIVNCE
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $53.4M | ||
| Q3 25 | $195.0M | $49.3M | ||
| Q2 25 | $187.7M | $37.2M | ||
| Q1 25 | $160.6M | $41.8M | ||
| Q4 24 | $149.9M | $57.1M | ||
| Q3 24 | $136.1M | $52.4M | ||
| Q2 24 | $117.0M | $51.7M |
总资产PIVNCE
| Q1 26 | $502.5M | — | ||
| Q4 25 | $545.2M | $246.0M | ||
| Q3 25 | $516.5M | $239.0M | ||
| Q2 25 | $508.8M | $218.0M | ||
| Q1 25 | $479.8M | $222.7M | ||
| Q4 24 | $489.1M | $254.7M | ||
| Q3 24 | $476.4M | $253.6M | ||
| Q2 24 | $446.1M | $223.1M |
负债/权益比PIVNCE
| 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 | — | $-5.1M |
| 自由现金流经营现金流 - 资本支出 | $2.2M | $-5.7M |
| 自由现金流率自由现金流/营收 | 3.0% | -6.7% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | — | -1.86× |
| 过去12个月自由现金流最近4个季度 | $61.1M | $4.3M |
8季度趋势，按日历期对齐
经营现金流PIVNCE
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $-5.1M | ||
| Q3 25 | $20.9M | $4.2M | ||
| Q2 25 | $33.9M | $-11.8M | ||
| Q1 25 | $-11.1M | $22.7M | ||
| Q4 24 | $12.6M | $6.4M | ||
| Q3 24 | $10.1M | $-3.2M | ||
| Q2 24 | $45.5M | $-3.9M |
自由现金流PIVNCE
| Q1 26 | $2.2M | — | ||
| Q4 25 | $13.6M | $-5.7M | ||
| Q3 25 | $18.0M | $2.1M | ||
| Q2 25 | $27.3M | $-13.2M | ||
| Q1 25 | $-13.0M | $21.2M | ||
| Q4 24 | $8.5M | $5.1M | ||
| Q3 24 | $4.7M | $-3.9M | ||
| Q2 24 | $44.1M | $-4.6M |
自由现金流率PIVNCE
| Q1 26 | 3.0% | — | ||
| Q4 25 | 14.7% | -6.7% | ||
| Q3 25 | 18.7% | 2.9% | ||
| Q2 25 | 27.9% | -22.9% | ||
| Q1 25 | -17.5% | 26.5% | ||
| Q4 24 | 9.3% | 6.4% | ||
| Q3 24 | 4.9% | -5.2% | ||
| Q2 24 | 43.0% | -7.8% |
资本支出强度PIVNCE
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 0.7% | ||
| Q3 25 | 3.1% | 2.9% | ||
| Q2 25 | 6.7% | 2.5% | ||
| Q1 25 | 2.5% | 1.9% | ||
| Q4 24 | 4.5% | 1.6% | ||
| Q3 24 | 5.7% | 0.9% | ||
| Q2 24 | 1.3% | 1.3% |
现金转化率PIVNCE
| Q1 26 | — | — | ||
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | 2.93× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 45.56× | -5.61× | ||
| Q2 24 | 4.56× | -0.89× |
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
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
