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伊萨（ESAB）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
伊萨的季度营收约是PIPER SANDLER COMPANIES的1.1倍（$727.8M vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 7.5%，领先9.6%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 8.5%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 2.8%）
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
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。
ESAB vs PIPR — 直观对比
营收规模更大
ESAB
是对方的1.1倍
$667.0M
营收增速更快
PIPR
高出28.9%
8.5%
净利率更高
PIPR
高出9.6%
7.5%
两年增速更快
PIPR
近两年复合增速
2.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $727.8M | $667.0M |
| 净利润 | $54.8M | $114.0M |
| 毛利率 | 37.0% | — |
| 营业利润率 | 14.6% | 28.3% |
| 净利率 | 7.5% | 17.1% |
| 营收同比 | 8.5% | 37.4% |
| 净利润同比 | 2.1% | 65.0% |
| 每股收益（稀释后） | $0.90 | $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ESABPIPR
| Q4 25 | $727.8M | $667.0M | ||
| Q3 25 | $715.6M | $480.1M | ||
| Q2 25 | $678.1M | $398.6M | ||
| Q1 25 | — | $358.6M | ||
| Q4 24 | $670.8M | $485.4M | ||
| Q3 24 | $673.3M | $360.9M | ||
| Q2 24 | $707.1M | $340.8M | ||
| Q1 24 | $689.7M | $344.4M |
净利润ESABPIPR
| Q4 25 | $54.8M | $114.0M | ||
| Q3 25 | $66.9M | $60.3M | ||
| Q2 25 | $67.4M | $42.2M | ||
| Q1 25 | — | $64.9M | ||
| Q4 24 | $53.7M | $69.1M | ||
| Q3 24 | $68.2M | $34.8M | ||
| Q2 24 | $82.9M | $34.8M | ||
| Q1 24 | $60.0M | $42.5M |
毛利率ESABPIPR
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.0% | — |
营业利润率ESABPIPR
| Q4 25 | 14.6% | 28.3% | ||
| Q3 25 | 15.2% | 22.4% | ||
| Q2 25 | 16.2% | 12.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | 16.6% | 16.9% | ||
| Q3 24 | 15.7% | 15.4% | ||
| Q2 24 | 16.9% | 8.3% | ||
| Q1 24 | 16.0% | 15.2% |
净利率ESABPIPR
| Q4 25 | 7.5% | 17.1% | ||
| Q3 25 | 9.3% | 12.6% | ||
| Q2 25 | 9.9% | 10.6% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | 8.0% | 14.2% | ||
| Q3 24 | 10.1% | 9.6% | ||
| Q2 24 | 11.7% | 10.2% | ||
| Q1 24 | 8.7% | 12.3% |
每股收益（稀释后）ESABPIPR
| Q4 25 | $0.90 | $6.41 | ||
| Q3 25 | $1.09 | $3.38 | ||
| Q2 25 | $1.10 | $2.38 | ||
| Q1 25 | — | $3.65 | ||
| Q4 24 | $0.87 | $3.88 | ||
| Q3 24 | $1.11 | $1.96 | ||
| Q2 24 | $1.35 | $1.97 | ||
| Q1 24 | $0.98 | $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 | $218.2M | — |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $2.1B | $1.4B |
| 总资产 | $4.9B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资ESABPIPR
| Q4 25 | $218.2M | — | ||
| Q3 25 | $258.2M | — | ||
| Q2 25 | $291.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $249.4M | — | ||
| Q3 24 | $253.7M | — | ||
| Q2 24 | $228.5M | — | ||
| Q1 24 | $76.5M | — |
总债务ESABPIPR
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
股东权益ESABPIPR
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.6B | $1.1B |
总资产ESABPIPR
| Q4 25 | $4.9B | $2.6B | ||
| Q3 25 | $4.4B | $2.2B | ||
| Q2 25 | $4.2B | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $4.0B | $2.3B | ||
| Q3 24 | $4.1B | $2.0B | ||
| Q2 24 | $4.0B | $1.9B | ||
| Q1 24 | $3.8B | $1.8B |
负债/权益比ESABPIPR
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.61× | — |
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 | $81.5M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $70.3M | — |
| 自由现金流率自由现金流/营收 | 9.7% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | 1.49× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $238.0M | — |
8季度趋势，按日历期对齐
经营现金流ESABPIPR
| Q4 25 | $81.5M | $729.8M | ||
| Q3 25 | $46.6M | $31.9M | ||
| Q2 25 | $35.4M | $32.1M | ||
| Q1 25 | — | $-207.2M | ||
| Q4 24 | $126.9M | $163.8M | ||
| Q3 24 | $101.0M | $80.1M | ||
| Q2 24 | $83.0M | $266.5M | ||
| Q1 24 | $44.5M | $-197.2M |
自由现金流ESABPIPR
| Q4 25 | $70.3M | — | ||
| Q3 25 | $37.4M | — | ||
| Q2 25 | $28.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $102.2M | — | ||
| Q3 24 | $90.4M | — | ||
| Q2 24 | $74.0M | — | ||
| Q1 24 | $37.1M | — |
自由现金流率ESABPIPR
| Q4 25 | 9.7% | — | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 5.4% | — |
资本支出强度ESABPIPR
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.1% | — |
现金转化率ESABPIPR
| Q4 25 | 1.49× | 6.40× | ||
| Q3 25 | 0.70× | 0.53× | ||
| Q2 25 | 0.53× | 0.76× | ||
| Q1 25 | — | -3.19× | ||
| Q4 24 | 2.36× | 2.37× | ||
| Q3 24 | 1.48× | 2.30× | ||
| Q2 24 | 1.00× | 7.66× | ||
| Q1 24 | 0.74× | -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
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
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% |
