vs
CrossAmerica Partners LP（CAPL）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
CrossAmerica Partners LP的季度营收约是PIPER SANDLER COMPANIES的1.3倍（$866.3M vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 1.2%，领先15.9%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -8.3%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs PIPR — 直观对比
营收规模更大
CAPL
是对方的1.3倍
$667.0M
营收增速更快
PIPR
高出45.7%
-8.3%
净利率更高
PIPR
高出15.9%
1.2%
两年增速更快
PIPR
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $667.0M |
| 净利润 | $10.2M | $114.0M |
| 毛利率 | 12.4% | — |
| 营业利润率 | 3.0% | 28.3% |
| 净利率 | 1.2% | 17.1% |
| 营收同比 | -8.3% | 37.4% |
| 净利润同比 | -39.6% | 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CAPLPIPR
| Q4 25 | $866.3M | $667.0M | ||
| Q3 25 | $971.8M | $480.1M | ||
| Q2 25 | $961.9M | $398.6M | ||
| Q1 25 | $862.5M | $358.6M | ||
| Q4 24 | $944.2M | $485.4M | ||
| Q3 24 | $1.1B | $360.9M | ||
| Q2 24 | $1.1B | $340.8M | ||
| Q1 24 | $941.5M | $344.4M |
净利润CAPLPIPR
| Q4 25 | $10.2M | $114.0M | ||
| Q3 25 | $13.6M | $60.3M | ||
| Q2 25 | $25.2M | $42.2M | ||
| Q1 25 | $-7.1M | $64.9M | ||
| Q4 24 | $16.9M | $69.1M | ||
| Q3 24 | $10.7M | $34.8M | ||
| Q2 24 | $12.4M | $34.8M | ||
| Q1 24 | $-17.5M | $42.5M |
毛利率CAPLPIPR
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 8.6% | — |
营业利润率CAPLPIPR
| Q4 25 | 3.0% | 28.3% | ||
| Q3 25 | 2.9% | 22.4% | ||
| Q2 25 | 4.3% | 12.3% | ||
| Q1 25 | 0.2% | 8.2% | ||
| Q4 24 | 3.0% | 16.9% | ||
| Q3 24 | 2.5% | 15.4% | ||
| Q2 24 | 2.5% | 8.3% | ||
| Q1 24 | -1.4% | 15.2% |
净利率CAPLPIPR
| Q4 25 | 1.2% | 17.1% | ||
| Q3 25 | 1.4% | 12.6% | ||
| Q2 25 | 2.6% | 10.6% | ||
| Q1 25 | -0.8% | 18.1% | ||
| Q4 24 | 1.8% | 14.2% | ||
| Q3 24 | 1.0% | 9.6% | ||
| Q2 24 | 1.1% | 10.2% | ||
| Q1 24 | -1.9% | 12.3% |
每股收益（稀释后）CAPLPIPR
| Q4 25 | $0.24 | $6.41 | ||
| Q3 25 | $0.34 | $3.38 | ||
| Q2 25 | $0.64 | $2.38 | ||
| Q1 25 | $-0.20 | $3.65 | ||
| Q4 24 | $0.42 | $3.88 | ||
| Q3 24 | $0.27 | $1.96 | ||
| Q2 24 | $0.31 | $1.97 | ||
| Q1 24 | $-0.48 | $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 | $3.1M | — |
| 总债务越低越好 | $687.2M | — |
| 股东权益账面价值 | — | $1.4B |
| 总资产 | $964.7M | $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CAPLPIPR
| Q4 25 | $3.1M | — | ||
| Q3 25 | $5.8M | — | ||
| Q2 25 | $9.7M | — | ||
| Q1 25 | $6.7M | — | ||
| Q4 24 | $3.4M | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $5.5M | — | ||
| Q1 24 | $6.3M | — |
总债务CAPLPIPR
| Q4 25 | $687.2M | — | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $722.7M | — | ||
| Q1 25 | $774.1M | — | ||
| Q4 24 | $763.9M | — | ||
| Q3 24 | $769.2M | — | ||
| Q2 24 | $786.7M | — | ||
| Q1 24 | $795.8M | — |
股东权益CAPLPIPR
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
总资产CAPLPIPR
| Q4 25 | $964.7M | $2.6B | ||
| Q3 25 | $998.9M | $2.2B | ||
| Q2 25 | $1.0B | $2.0B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.2B | $1.9B | ||
| Q1 24 | $1.2B | $1.8B |
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 | $29.4M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 2.89× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $55.8M | — |
8季度趋势，按日历期对齐
经营现金流CAPLPIPR
| Q4 25 | $29.4M | $729.8M | ||
| Q3 25 | $24.4M | $31.9M | ||
| Q2 25 | $22.6M | $32.1M | ||
| Q1 25 | $15.0M | $-207.2M | ||
| Q4 24 | $11.1M | $163.8M | ||
| Q3 24 | $41.9M | $80.1M | ||
| Q2 24 | $28.9M | $266.5M | ||
| Q1 24 | $5.8M | $-197.2M |
自由现金流CAPLPIPR
| Q4 25 | $22.4M | — | ||
| Q3 25 | $17.7M | — | ||
| Q2 25 | $10.8M | — | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $34.2M | — | ||
| Q2 24 | $23.6M | — | ||
| Q1 24 | $-289.0K | — |
自由现金流率CAPLPIPR
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.0% | — |
资本支出强度CAPLPIPR
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.6% | — |
现金转化率CAPLPIPR
| Q4 25 | 2.89× | 6.40× | ||
| Q3 25 | 1.79× | 0.53× | ||
| Q2 25 | 0.90× | 0.76× | ||
| Q1 25 | — | -3.19× | ||
| Q4 24 | 0.66× | 2.37× | ||
| Q3 24 | 3.92× | 2.30× | ||
| Q2 24 | 2.33× | 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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
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% |
