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Impinj, Inc. PI Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin52.5%+0.9pp51.6%+2.2pp49.4%-4.1pp53.5%+1.5pp
Operating margin-0.2%+1.7pp-1.9%+12.2pp-14.1%-6.6pp-7.6%+12.0pp
Net margin-3%-14.9pp11.9%+26.0pp-14.1%-4.7pp-9.4%+17.5pp
EBITDA margin4%+2.2pp1.8%+11.5pp-9.7%-4.5pp-5.2%+11.9pp
Free cash flow margin12.7%-17.7pp30.4%+52.5pp-22.1%
Returns
Return on equity-6%-53.4pp47.3%+222pp-174.4%
Return on assets-2.1%-12.4pp10.3%+22.5pp-12.2%-4.9pp-7.3%+12.3pp
Return on invested capital-0.2%+2.1pp-2.2%+14.3pp-16.6%-8.1pp-8.5%+14.2pp
Efficiency
Asset turnover0.7×-0.2×0.9×0.0×0.9×+0.1×0.8×0.0×
Inventory turnover1.9×+0.1×1.8×-0.4×2.2×-1.3×3.5×+0.4×
Liquidity
Current ratio2.7×+1.7×-7.7×8.7×+2.2×6.5×-0.7×
Quick ratio+1.3×0.7×-4.9×5.6×+0.2×5.4×-1.2×
Cash ratio0.4×+0.2×0.1×-2.9×3.1×+2.6×0.5×-3.0×
Leverage
Debt-to-equity1.5×-0.5×-6.7×8.6×-10.3×18.9×
Debt-to-assets0.6×0.0×0.6×-0.2×0.8×0.0×0.8×-0.1×
Net debt / EBITDA17.9×-20.0×37.9×
Interest coverage-0.2×+1.3×-1.5×+7.5×-9×-5.0×-4×+10.6×
Per Share
Book value per share$7.15+40.5%$5.09+299%$1.28+109%$0.61+233%
Valuation
Market capitalization$5.24B+28.3%$4.08B+67.5%$2.44B-13.8%$2.83B+30.6%
Enterprise value$5.5B+26.9%$4.33B+64.1%$2.64B-15.0%$3.1B+32.2%
Price / sales14.5×+3.4×11.2×+3.2×7.9×-3.0×11×-0.4×
Price / book25×-2.2×27.3×-44.2×71.5×-110×181.5×
EV / EBITDA384.2×-280×664.3×
EV / sales15.2×+3.4×11.8×+3.3×8.6×-3.5×12×-0.3×
Free cash flow yield0.9%-1.8pp2.7%+5.5pp-2.8%
Earnings yield-0.2%-1.3pp1.1%+2.8pp-1.8%-0.9pp-0.9%+1.5pp

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Questions, answered.

What are Impinj, Inc.'s profit margins?
Impinj, Inc. (PI) runs a 52.5% gross margin and a -1.8% operating margin, with a -7.7% net margin.
Where do Impinj, Inc.'s ratios come from?
Every ratio is computed from Impinj, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.