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B&G Foods, Inc.（BGS）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B&G Foods, Inc.的1.5倍（$667.0M vs $439.3M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -4.4%，领先21.4%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -4.7%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -12.8%）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
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。
BGS vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.5倍
$439.3M
营收增速更快
PIPR
高出42.1%
-4.7%
净利率更高
PIPR
高出21.4%
-4.4%
两年增速更快
PIPR
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $667.0M |
| 净利润 | $-19.1M | $114.0M |
| 毛利率 | 22.5% | — |
| 营业利润率 | 2.5% | 28.3% |
| 净利率 | -4.4% | 17.1% |
| 营收同比 | -4.7% | 37.4% |
| 净利润同比 | -356.5% | 65.0% |
| 每股收益（稀释后） | $-0.24 | $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BGSPIPR
| Q4 25 | — | $667.0M | ||
| Q3 25 | $439.3M | $480.1M | ||
| Q2 25 | $424.4M | $398.6M | ||
| Q1 25 | $425.4M | $358.6M | ||
| Q4 24 | $551.6M | $485.4M | ||
| Q3 24 | $461.1M | $360.9M | ||
| Q2 24 | $444.6M | $340.8M | ||
| Q1 24 | $475.2M | $344.4M |
净利润BGSPIPR
| Q4 25 | — | $114.0M | ||
| Q3 25 | $-19.1M | $60.3M | ||
| Q2 25 | $-9.8M | $42.2M | ||
| Q1 25 | $835.0K | $64.9M | ||
| Q4 24 | $-222.4M | $69.1M | ||
| Q3 24 | $7.5M | $34.8M | ||
| Q2 24 | $3.9M | $34.8M | ||
| Q1 24 | $-40.2M | $42.5M |
毛利率BGSPIPR
| Q4 25 | — | — | ||
| Q3 25 | 22.5% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 20.7% | — | ||
| Q1 24 | 22.9% | — |
营业利润率BGSPIPR
| Q4 25 | — | 28.3% | ||
| Q3 25 | 2.5% | 22.4% | ||
| Q2 25 | 5.2% | 12.3% | ||
| Q1 25 | 8.4% | 8.2% | ||
| Q4 24 | -46.6% | 16.9% | ||
| Q3 24 | 11.1% | 15.4% | ||
| Q2 24 | 9.9% | 8.3% | ||
| Q1 24 | -3.3% | 15.2% |
净利率BGSPIPR
| Q4 25 | — | 17.1% | ||
| Q3 25 | -4.4% | 12.6% | ||
| Q2 25 | -2.3% | 10.6% | ||
| Q1 25 | 0.2% | 18.1% | ||
| Q4 24 | -40.3% | 14.2% | ||
| Q3 24 | 1.6% | 9.6% | ||
| Q2 24 | 0.9% | 10.2% | ||
| Q1 24 | -8.5% | 12.3% |
每股收益（稀释后）BGSPIPR
| Q4 25 | — | $6.41 | ||
| Q3 25 | $-0.24 | $3.38 | ||
| Q2 25 | $-0.12 | $2.38 | ||
| Q1 25 | $0.01 | $3.65 | ||
| Q4 24 | $-2.81 | $3.88 | ||
| Q3 24 | $0.09 | $1.96 | ||
| Q2 24 | $0.05 | $1.97 | ||
| Q1 24 | $-0.51 | $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 | $60.9M | — |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $470.7M | $1.4B |
| 总资产 | $2.9B | $2.6B |
| 负债/权益比越低杠杆越低 | 4.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BGSPIPR
| Q4 25 | — | — | ||
| Q3 25 | $60.9M | — | ||
| Q2 25 | $54.1M | — | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $50.6M | — | ||
| Q3 24 | $54.7M | — | ||
| Q2 24 | $40.3M | — | ||
| Q1 24 | $42.5M | — |
总债务BGSPIPR
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
股东权益BGSPIPR
| Q4 25 | — | $1.4B | ||
| Q3 25 | $470.7M | $1.3B | ||
| Q2 25 | $501.4M | $1.2B | ||
| Q1 25 | $513.1M | $1.2B | ||
| Q4 24 | $524.8M | $1.2B | ||
| Q3 24 | $755.3M | $1.2B | ||
| Q2 24 | $765.0M | $1.1B | ||
| Q1 24 | $781.2M | $1.1B |
总资产BGSPIPR
| Q4 25 | — | $2.6B | ||
| Q3 25 | $2.9B | $2.2B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $3.4B | $2.0B | ||
| Q2 24 | $3.4B | $1.9B | ||
| Q1 24 | $3.4B | $1.8B |
负债/权益比BGSPIPR
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — | ||
| Q1 24 | 2.61× | — |
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 | $-64.6M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | — |
| 自由现金流率自由现金流/营收 | -16.1% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | 6.40× |
| 过去12个月自由现金流最近4个季度 | $54.8M | — |
8季度趋势，按日历期对齐
经营现金流BGSPIPR
| Q4 25 | — | $729.8M | ||
| Q3 25 | $-64.6M | $31.9M | ||
| Q2 25 | $17.8M | $32.1M | ||
| Q1 25 | $52.7M | $-207.2M | ||
| Q4 24 | $80.3M | $163.8M | ||
| Q3 24 | $4.2M | $80.1M | ||
| Q2 24 | $11.3M | $266.5M | ||
| Q1 24 | $35.1M | $-197.2M |
自由现金流BGSPIPR
| Q4 25 | — | — | ||
| Q3 25 | $-70.7M | — | ||
| Q2 25 | $11.5M | — | ||
| Q1 25 | $42.4M | — | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $-679.0K | — | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $27.5M | — |
自由现金流率BGSPIPR
| Q4 25 | — | — | ||
| Q3 25 | -16.1% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | -0.1% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 5.8% | — |
资本支出强度BGSPIPR
| Q4 25 | — | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.6% | — |
现金转化率BGSPIPR
| Q4 25 | — | 6.40× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | 63.17× | -3.19× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | 0.56× | 2.30× | ||
| Q2 24 | 2.87× | 7.66× | ||
| Q1 24 | — | -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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
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% |
