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AvalonBay Communities（AVB）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
AvalonBay Communities的季度营收约是PIPER SANDLER COMPANIES的1.2倍（$767.9M vs $667.0M），AvalonBay Communities净利率更高（9040.6% vs 17.1%，领先9023.5%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 3.7%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 3.8%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs PIPR — 直观对比
营收规模更大
AVB
是对方的1.2倍
$667.0M
营收增速更快
PIPR
高出33.7%
3.7%
净利率更高
AVB
高出9023.5%
17.1%
两年增速更快
PIPR
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $667.0M |
| 净利润 | $166.0M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | 28.3% |
| 净利率 | 9040.6% | 17.1% |
| 营收同比 | 3.7% | 37.4% |
| 净利润同比 | -41.2% | 65.0% |
| 每股收益（稀释后） | $1.18 | $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AVBPIPR
| Q4 25 | $767.9M | $667.0M | ||
| Q3 25 | $766.8M | $480.1M | ||
| Q2 25 | $760.2M | $398.6M | ||
| Q1 25 | $745.9M | $358.6M | ||
| Q4 24 | $740.5M | $485.4M | ||
| Q3 24 | $734.3M | $360.9M | ||
| Q2 24 | $726.0M | $340.8M | ||
| Q1 24 | $712.9M | $344.4M |
净利润AVBPIPR
| Q4 25 | $166.0M | $114.0M | ||
| Q3 25 | $381.3M | $60.3M | ||
| Q2 25 | $268.7M | $42.2M | ||
| Q1 25 | $236.6M | $64.9M | ||
| Q4 24 | $282.1M | $69.1M | ||
| Q3 24 | $372.5M | $34.8M | ||
| Q2 24 | $253.9M | $34.8M | ||
| Q1 24 | $173.4M | $42.5M |
营业利润率AVBPIPR
| Q4 25 | 64.2% | 28.3% | ||
| Q3 25 | 65.7% | 22.4% | ||
| Q2 25 | 67.6% | 12.3% | ||
| Q1 25 | 68.5% | 8.2% | ||
| Q4 24 | 63.1% | 16.9% | ||
| Q3 24 | 65.4% | 15.4% | ||
| Q2 24 | 66.6% | 8.3% | ||
| Q1 24 | 67.2% | 15.2% |
净利率AVBPIPR
| Q4 25 | 9040.6% | 17.1% | ||
| Q3 25 | 49.7% | 12.6% | ||
| Q2 25 | 35.3% | 10.6% | ||
| Q1 25 | 31.7% | 18.1% | ||
| Q4 24 | 38.1% | 14.2% | ||
| Q3 24 | 50.7% | 9.6% | ||
| Q2 24 | 35.0% | 10.2% | ||
| Q1 24 | 24.3% | 12.3% |
每股收益（稀释后）AVBPIPR
| Q4 25 | $1.18 | $6.41 | ||
| Q3 25 | $2.68 | $3.38 | ||
| Q2 25 | $1.88 | $2.38 | ||
| Q1 25 | $1.66 | $3.65 | ||
| Q4 24 | $1.99 | $3.88 | ||
| Q3 24 | $2.61 | $1.96 | ||
| Q2 24 | $1.78 | $1.97 | ||
| Q1 24 | $1.22 | $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 | $187.2M | — |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $1.4B |
| 总资产 | $22.2B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBPIPR
| Q4 25 | $187.2M | — | ||
| Q3 25 | $123.3M | — | ||
| Q2 25 | $102.8M | — | ||
| Q1 25 | $53.3M | — | ||
| Q4 24 | $108.6M | — | ||
| Q3 24 | $552.4M | — | ||
| Q2 24 | $545.8M | — | ||
| Q1 24 | $287.9M | — |
总债务AVBPIPR
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
股东权益AVBPIPR
| Q4 25 | $11.6B | $1.4B | ||
| Q3 25 | $11.9B | $1.3B | ||
| Q2 25 | $11.9B | $1.2B | ||
| Q1 25 | $11.9B | $1.2B | ||
| Q4 24 | $11.9B | $1.2B | ||
| Q3 24 | $11.9B | $1.2B | ||
| Q2 24 | $11.7B | $1.1B | ||
| Q1 24 | $11.7B | $1.1B |
总资产AVBPIPR
| Q4 25 | $22.2B | $2.6B | ||
| Q3 25 | $21.9B | $2.2B | ||
| Q2 25 | $21.8B | $2.0B | ||
| Q1 25 | $21.2B | $1.8B | ||
| Q4 24 | $21.0B | $2.3B | ||
| Q3 24 | $21.3B | $2.0B | ||
| Q2 24 | $21.0B | $1.9B | ||
| Q1 24 | $20.6B | $1.8B |
负债/权益比AVBPIPR
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | — |
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 | $1.7B | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 183.5% | — |
| 资本支出强度资本支出/营收 | 34.1% | — |
| 现金转化率经营现金流/净利润 | 10.07× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流AVBPIPR
| Q4 25 | $1.7B | $729.8M | ||
| Q3 25 | $477.0M | $31.9M | ||
| Q2 25 | $377.8M | $32.1M | ||
| Q1 25 | $415.9M | $-207.2M | ||
| Q4 24 | $1.6B | $163.8M | ||
| Q3 24 | $486.2M | $80.1M | ||
| Q2 24 | $380.0M | $266.5M | ||
| Q1 24 | $412.9M | $-197.2M |
自由现金流AVBPIPR
| Q4 25 | $1.4B | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
自由现金流率AVBPIPR
| Q4 25 | 183.5% | — | ||
| Q3 25 | 52.5% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 45.9% | — | ||
| Q1 24 | 52.7% | — |
资本支出强度AVBPIPR
| Q4 25 | 34.1% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 5.3% | — |
现金转化率AVBPIPR
| Q4 25 | 10.07× | 6.40× | ||
| Q3 25 | 1.25× | 0.53× | ||
| Q2 25 | 1.41× | 0.76× | ||
| Q1 25 | 1.76× | -3.19× | ||
| Q4 24 | 5.70× | 2.37× | ||
| Q3 24 | 1.31× | 2.30× | ||
| Q2 24 | 1.50× | 7.66× | ||
| Q1 24 | 2.38× | -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
AVB
暂无分部数据
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% |
