vs
科睿唯安（CLVT）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的季度营收约是科睿唯安的1.1倍（$667.0M vs $585.5M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -6.9%，领先24.0%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -1.4%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -5.1%）
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
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。
CLVT vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.1倍
$585.5M
营收增速更快
PIPR
高出38.8%
-1.4%
净利率更高
PIPR
高出24.0%
-6.9%
两年增速更快
PIPR
近两年复合增速
-5.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $585.5M | $667.0M |
| 净利润 | $-40.2M | $114.0M |
| 毛利率 | 67.2% | — |
| 营业利润率 | 5.2% | 28.3% |
| 净利率 | -6.9% | 17.1% |
| 营收同比 | -1.4% | 37.4% |
| 净利润同比 | 61.3% | 65.0% |
| 每股收益（稀释后） | $-0.06 | $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CLVTPIPR
| Q1 26 | $585.5M | — | ||
| Q4 25 | $617.0M | $667.0M | ||
| Q3 25 | $623.1M | $480.1M | ||
| Q2 25 | $621.4M | $398.6M | ||
| Q1 25 | $593.7M | $358.6M | ||
| Q4 24 | $663.0M | $485.4M | ||
| Q3 24 | $622.2M | $360.9M | ||
| Q2 24 | $650.3M | $340.8M |
净利润CLVTPIPR
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $3.1M | $114.0M | ||
| Q3 25 | $-28.3M | $60.3M | ||
| Q2 25 | $-72.0M | $42.2M | ||
| Q1 25 | $-103.9M | $64.9M | ||
| Q4 24 | $-191.8M | $69.1M | ||
| Q3 24 | $-65.6M | $34.8M | ||
| Q2 24 | $-304.3M | $34.8M |
毛利率CLVTPIPR
| Q1 26 | 67.2% | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 65.0% | — | ||
| Q2 25 | 67.2% | — | ||
| Q1 25 | 65.1% | — | ||
| Q4 24 | 65.7% | — | ||
| Q3 24 | 66.2% | — | ||
| Q2 24 | 67.2% | — |
营业利润率CLVTPIPR
| Q1 26 | 5.2% | — | ||
| Q4 25 | 6.7% | 28.3% | ||
| Q3 25 | 7.1% | 22.4% | ||
| Q2 25 | 1.1% | 12.3% | ||
| Q1 25 | -3.5% | 8.2% | ||
| Q4 24 | -9.4% | 16.9% | ||
| Q3 24 | 3.5% | 15.4% | ||
| Q2 24 | -36.9% | 8.3% |
净利率CLVTPIPR
| Q1 26 | -6.9% | — | ||
| Q4 25 | 0.5% | 17.1% | ||
| Q3 25 | -4.5% | 12.6% | ||
| Q2 25 | -11.6% | 10.6% | ||
| Q1 25 | -17.5% | 18.1% | ||
| Q4 24 | -28.9% | 14.2% | ||
| Q3 24 | -10.5% | 9.6% | ||
| Q2 24 | -46.8% | 10.2% |
每股收益（稀释后）CLVTPIPR
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.00 | $6.41 | ||
| Q3 25 | $-0.04 | $3.38 | ||
| Q2 25 | $-0.11 | $2.38 | ||
| Q1 25 | $-0.15 | $3.65 | ||
| Q4 24 | $-0.27 | $3.88 | ||
| Q3 24 | $-0.09 | $1.96 | ||
| Q2 24 | $-0.46 | $1.97 |
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 | — | — |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $4.8B | $1.4B |
| 总资产 | $10.9B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.89× | — |
8季度趋势，按日历期对齐
现金及短期投资CLVTPIPR
| Q1 26 | — | — | ||
| Q4 25 | $329.2M | — | ||
| Q3 25 | $318.7M | — | ||
| Q2 25 | $362.6M | — | ||
| Q1 25 | $354.0M | — | ||
| Q4 24 | $295.2M | — | ||
| Q3 24 | $388.5M | — | ||
| Q2 24 | $376.4M | — |
总债务CLVTPIPR
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.6B | — |
股东权益CLVTPIPR
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.8B | $1.4B | ||
| Q3 25 | $4.9B | $1.3B | ||
| Q2 25 | $5.0B | $1.2B | ||
| Q1 25 | $5.0B | $1.2B | ||
| Q4 24 | $5.1B | $1.2B | ||
| Q3 24 | $5.5B | $1.2B | ||
| Q2 24 | $5.6B | $1.1B |
总资产CLVTPIPR
| Q1 26 | $10.9B | — | ||
| Q4 25 | $11.1B | $2.6B | ||
| Q3 25 | $11.2B | $2.2B | ||
| Q2 25 | $11.4B | $2.0B | ||
| Q1 25 | $11.5B | $1.8B | ||
| Q4 24 | $11.5B | $2.3B | ||
| Q3 24 | $12.0B | $2.0B | ||
| Q2 24 | $12.1B | $1.9B |
负债/权益比CLVTPIPR
| Q1 26 | 0.89× | — | ||
| Q4 25 | 0.89× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.84× | — | ||
| Q2 24 | 0.83× | — |
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 | $134.7M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $78.9M | — |
| 自由现金流率自由现金流/营收 | 13.5% | — |
| 资本支出强度资本支出/营收 | 9.5% | — |
| 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 | $333.9M | — |
8季度趋势，按日历期对齐
经营现金流CLVTPIPR
| Q1 26 | $134.7M | — | ||
| Q4 25 | $159.9M | $729.8M | ||
| Q3 25 | $181.1M | $31.9M | ||
| Q2 25 | $116.3M | $32.1M | ||
| Q1 25 | $171.2M | $-207.2M | ||
| Q4 24 | $141.3M | $163.8M | ||
| Q3 24 | $202.9M | $80.1M | ||
| Q2 24 | $126.2M | $266.5M |
自由现金流CLVTPIPR
| Q1 26 | $78.9M | — | ||
| Q4 25 | $89.2M | — | ||
| Q3 25 | $115.5M | — | ||
| Q2 25 | $50.3M | — | ||
| Q1 25 | $110.3M | — | ||
| Q4 24 | $59.1M | — | ||
| Q3 24 | $126.3M | — | ||
| Q2 24 | $60.3M | — |
自由现金流率CLVTPIPR
| Q1 26 | 13.5% | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 9.3% | — |
资本支出强度CLVTPIPR
| Q1 26 | 9.5% | — | ||
| Q4 25 | 11.5% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 10.1% | — |
现金转化率CLVTPIPR
| Q1 26 | — | — | ||
| Q4 25 | 51.58× | 6.40× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | — | -3.19× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | — | 7.66× |
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
CLVT
| Subscription | $397.5M | 68% |
| Re-occurring | $108.6M | 19% |
| Transactional | $79.4M | 14% |
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% |
