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APOGEE ENTERPRISES, INC.（APOG）与PIPER SANDLER COMPANIES（PIPR）财务数据对比。点击上方公司名可切换其他公司
PIPER SANDLER COMPANIES的季度营收约是APOGEE ENTERPRISES, INC.的1.9倍（$667.0M vs $348.6M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 4.7%，领先12.3%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 2.1%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -1.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
Piper Sandler是一家美国跨国投资银行及金融服务提供商，核心业务覆盖并购重组、财务重整、公开募股、公共财政、机构经纪、投资管理、证券研究等领域，通过旗下核心子公司Piper Sandler & Co.为企业、机构投资者及公共组织提供专业金融服务。
APOG vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.9倍
$348.6M
营收增速更快
PIPR
高出35.3%
2.1%
净利率更高
PIPR
高出12.3%
4.7%
两年增速更快
PIPR
近两年复合增速
-1.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $348.6M | $667.0M |
| 净利润 | $16.5M | $114.0M |
| 毛利率 | 23.8% | — |
| 营业利润率 | 7.1% | 28.3% |
| 净利率 | 4.7% | 17.1% |
| 营收同比 | 2.1% | 37.4% |
| 净利润同比 | -21.2% | 65.0% |
| 每股收益（稀释后） | $0.77 | $6.41 |
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APOGPIPR
| Q4 25 | $348.6M | $667.0M | ||
| Q3 25 | $358.2M | $480.1M | ||
| Q2 25 | $346.6M | $398.6M | ||
| Q1 25 | $345.7M | $358.6M | ||
| Q4 24 | $341.3M | $485.4M | ||
| Q3 24 | $342.4M | $360.9M | ||
| Q2 24 | $331.5M | $340.8M | ||
| Q1 24 | $361.8M | $344.4M |
净利润APOGPIPR
| Q4 25 | $16.5M | $114.0M | ||
| Q3 25 | $23.6M | $60.3M | ||
| Q2 25 | $-2.7M | $42.2M | ||
| Q1 25 | $2.5M | $64.9M | ||
| Q4 24 | $21.0M | $69.1M | ||
| Q3 24 | $30.6M | $34.8M | ||
| Q2 24 | $31.0M | $34.8M | ||
| Q1 24 | $15.7M | $42.5M |
毛利率APOGPIPR
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — | ||
| Q1 24 | 24.4% | — |
营业利润率APOGPIPR
| Q4 25 | 7.1% | 28.3% | ||
| Q3 25 | 7.5% | 22.4% | ||
| Q2 25 | 2.0% | 12.3% | ||
| Q1 25 | 1.8% | 8.2% | ||
| Q4 24 | 8.4% | 16.9% | ||
| Q3 24 | 12.3% | 15.4% | ||
| Q2 24 | 12.5% | 8.3% | ||
| Q1 24 | 6.0% | 15.2% |
净利率APOGPIPR
| Q4 25 | 4.7% | 17.1% | ||
| Q3 25 | 6.6% | 12.6% | ||
| Q2 25 | -0.8% | 10.6% | ||
| Q1 25 | 0.7% | 18.1% | ||
| Q4 24 | 6.1% | 14.2% | ||
| Q3 24 | 8.9% | 9.6% | ||
| Q2 24 | 9.4% | 10.2% | ||
| Q1 24 | 4.3% | 12.3% |
每股收益（稀释后）APOGPIPR
| Q4 25 | $0.77 | $6.41 | ||
| Q3 25 | $1.10 | $3.38 | ||
| Q2 25 | $-0.13 | $2.38 | ||
| Q1 25 | $0.12 | $3.65 | ||
| Q4 24 | $0.96 | $3.88 | ||
| Q3 24 | $1.40 | $1.96 | ||
| Q2 24 | $1.41 | $1.97 | ||
| Q1 24 | $0.71 | $2.43 |
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 | $41.3M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $512.3M | $1.4B |
| 总资产 | $1.1B | $2.6B |
| 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APOGPIPR
| Q4 25 | $41.3M | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $32.8M | — | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $43.9M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $30.4M | — | ||
| Q1 24 | $37.2M | — |
总债务APOGPIPR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $62.0M | — |
股东权益APOGPIPR
| Q4 25 | $512.3M | $1.4B | ||
| Q3 25 | $500.2M | $1.3B | ||
| Q2 25 | $481.8M | $1.2B | ||
| Q1 25 | $487.9M | $1.2B | ||
| Q4 24 | $522.1M | $1.2B | ||
| Q3 24 | $506.4M | $1.2B | ||
| Q2 24 | $480.0M | $1.1B | ||
| Q1 24 | $471.0M | $1.1B |
总资产APOGPIPR
| Q4 25 | $1.1B | $2.6B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $917.1M | $2.0B | ||
| Q2 24 | $889.0M | $1.9B | ||
| Q1 24 | $884.1M | $1.8B |
负债/权益比APOGPIPR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.13× | — |
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 | $29.3M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | 1.77× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $67.4M | — |
8季度趋势，按日历期对齐
经营现金流APOGPIPR
| Q4 25 | $29.3M | $729.8M | ||
| Q3 25 | $57.1M | $31.9M | ||
| Q2 25 | $-19.8M | $32.1M | ||
| Q1 25 | $30.0M | $-207.2M | ||
| Q4 24 | $31.0M | $163.8M | ||
| Q3 24 | $58.7M | $80.1M | ||
| Q2 24 | $5.5M | $266.5M | ||
| Q1 24 | $74.9M | $-197.2M |
自由现金流APOGPIPR
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — | ||
| Q1 24 | $58.7M | — |
自由现金流率APOGPIPR
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — | ||
| Q1 24 | 16.2% | — |
资本支出强度APOGPIPR
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 4.5% | — |
现金转化率APOGPIPR
| Q4 25 | 1.77× | 6.40× | ||
| Q3 25 | 2.41× | 0.53× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | 12.08× | -3.19× | ||
| Q4 24 | 1.48× | 2.37× | ||
| Q3 24 | 1.92× | 2.30× | ||
| Q2 24 | 0.18× | 7.66× | ||
| Q1 24 | 4.76× | -4.64× |
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
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
PIPR
| Advisory Services | $402.6M | 60% |
| Equities Financing | $66.7M | 10% |
| Equity Salesand Trading | $64.2M | 10% |
| Fixed Income Salesand Trading | $47.9M | 7% |
| Other | $46.7M | 7% |
| Debt Financing | $38.9M | 6% |
