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EAGLE MATERIALS INC（EXP）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EAGLE MATERIALS INC的1.2倍（$667.0M vs $556.0M），EAGLE MATERIALS INC净利率更高（18.5% vs 17.1%，领先1.4%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -0.4%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 8.0%）
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
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。
EXP vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.2倍
$556.0M
营收增速更快
PIPR
高出37.8%
-0.4%
净利率更高
EXP
高出1.4%
17.1%
两年增速更快
PIPR
近两年复合增速
8.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $556.0M | $667.0M |
| 净利润 | $102.9M | $114.0M |
| 毛利率 | 28.9% | — |
| 营业利润率 | — | 28.3% |
| 净利率 | 18.5% | 17.1% |
| 营收同比 | -0.4% | 37.4% |
| 净利润同比 | -13.9% | 65.0% |
| 每股收益（稀释后） | $3.22 | $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EXPPIPR
| Q4 25 | $556.0M | $667.0M | ||
| Q3 25 | $638.9M | $480.1M | ||
| Q2 25 | $634.7M | $398.6M | ||
| Q1 25 | $470.2M | $358.6M | ||
| Q4 24 | $558.0M | $485.4M | ||
| Q3 24 | $623.6M | $360.9M | ||
| Q2 24 | $608.7M | $340.8M | ||
| Q1 24 | $476.7M | $344.4M |
净利润EXPPIPR
| Q4 25 | $102.9M | $114.0M | ||
| Q3 25 | $137.4M | $60.3M | ||
| Q2 25 | $123.4M | $42.2M | ||
| Q1 25 | $66.5M | $64.9M | ||
| Q4 24 | $119.6M | $69.1M | ||
| Q3 24 | $143.5M | $34.8M | ||
| Q2 24 | $133.8M | $34.8M | ||
| Q1 24 | $77.1M | $42.5M |
毛利率EXPPIPR
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.3% | — | ||
| Q2 25 | 29.2% | — | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | 31.9% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 25.1% | — |
营业利润率EXPPIPR
| Q4 25 | — | 28.3% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | 32.8% | 16.9% | ||
| Q3 24 | 34.2% | 15.4% | ||
| Q2 24 | 32.0% | 8.3% | ||
| Q1 24 | 26.9% | 15.2% |
净利率EXPPIPR
| Q4 25 | 18.5% | 17.1% | ||
| Q3 25 | 21.5% | 12.6% | ||
| Q2 25 | 19.4% | 10.6% | ||
| Q1 25 | 14.1% | 18.1% | ||
| Q4 24 | 21.4% | 14.2% | ||
| Q3 24 | 23.0% | 9.6% | ||
| Q2 24 | 22.0% | 10.2% | ||
| Q1 24 | 16.2% | 12.3% |
每股收益（稀释后）EXPPIPR
| Q4 25 | $3.22 | $6.41 | ||
| Q3 25 | $4.23 | $3.38 | ||
| Q2 25 | $3.76 | $2.38 | ||
| Q1 25 | $2.01 | $3.65 | ||
| Q4 24 | $3.56 | $3.88 | ||
| Q3 24 | $4.26 | $1.96 | ||
| Q2 24 | $3.94 | $1.97 | ||
| Q1 24 | $2.23 | $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 | $419.0M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.4B |
| 总资产 | $3.8B | $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EXPPIPR
| Q4 25 | $419.0M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $59.7M | — | ||
| Q1 25 | $20.4M | — | ||
| Q4 24 | $31.2M | — | ||
| Q3 24 | $93.9M | — | ||
| Q2 24 | $46.5M | — | ||
| Q1 24 | $34.9M | — |
总债务EXPPIPR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $1.1B | — |
股东权益EXPPIPR
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
总资产EXPPIPR
| Q4 25 | $3.8B | $2.6B | ||
| Q3 25 | $3.4B | $2.2B | ||
| Q2 25 | $3.4B | $2.0B | ||
| Q1 25 | $3.3B | $1.8B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $3.0B | $1.9B | ||
| Q1 24 | $2.9B | $1.8B |
负债/权益比EXPPIPR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.84× | — |
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 | $170.8M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $60.8M | — |
| 自由现金流率自由现金流/营收 | 10.9% | — |
| 资本支出强度资本支出/营收 | 19.8% | — |
| 现金转化率经营现金流/净利润 | 1.66× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $231.8M | — |
8季度趋势，按日历期对齐
经营现金流EXPPIPR
| Q4 25 | $170.8M | $729.8M | ||
| Q3 25 | $204.6M | $31.9M | ||
| Q2 25 | $136.6M | $32.1M | ||
| Q1 25 | $62.8M | $-207.2M | ||
| Q4 24 | $119.9M | $163.8M | ||
| Q3 24 | $233.3M | $80.1M | ||
| Q2 24 | $132.6M | $266.5M | ||
| Q1 24 | $63.4M | $-197.2M |
自由现金流EXPPIPR
| Q4 25 | $60.8M | — | ||
| Q3 25 | $96.1M | — | ||
| Q2 25 | $60.5M | — | ||
| Q1 25 | $14.5M | — | ||
| Q4 24 | $72.5M | — | ||
| Q3 24 | $166.8M | — | ||
| Q2 24 | $99.5M | — | ||
| Q1 24 | $30.9M | — |
自由现金流率EXPPIPR
| Q4 25 | 10.9% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | 26.7% | — | ||
| Q2 24 | 16.3% | — | ||
| Q1 24 | 6.5% | — |
资本支出强度EXPPIPR
| Q4 25 | 19.8% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.8% | — |
现金转化率EXPPIPR
| Q4 25 | 1.66× | 6.40× | ||
| Q3 25 | 1.49× | 0.53× | ||
| Q2 25 | 1.11× | 0.76× | ||
| Q1 25 | 0.94× | -3.19× | ||
| Q4 24 | 1.00× | 2.37× | ||
| Q3 24 | 1.63× | 2.30× | ||
| Q2 24 | 0.99× | 7.66× | ||
| Q1 24 | 0.82× | -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
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
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% |
