vs
Fair Isaac（FICO）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Fair Isaac的1.3倍（$667.0M vs $512.0M），Fair Isaac净利率更高（30.9% vs 17.1%，领先13.8%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 16.4%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 8.6%）
FICO（原Fair, Isaac and Company）是美国知名数据分析企业，1956年由比尔·费尔与厄尔·艾萨克创立，总部位于蒙大拿州博兹曼市，核心业务为信用评分服务，其推出的FICO信用分是评估消费者信贷风险的重要指标，目前已被美国消费信贷行业广泛采用。
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。
FICO vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.3倍
$512.0M
营收增速更快
PIPR
高出21.1%
16.4%
净利率更高
FICO
高出13.8%
17.1%
两年增速更快
PIPR
近两年复合增速
8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $512.0M | $667.0M |
| 净利润 | $158.4M | $114.0M |
| 毛利率 | 83.0% | — |
| 营业利润率 | 45.7% | 28.3% |
| 净利率 | 30.9% | 17.1% |
| 营收同比 | 16.4% | 37.4% |
| 净利润同比 | 3.8% | 65.0% |
| 每股收益（稀释后） | $6.61 | $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FICOPIPR
| Q4 25 | $512.0M | $667.0M | ||
| Q3 25 | $515.8M | $480.1M | ||
| Q2 25 | $536.4M | $398.6M | ||
| Q1 25 | $498.7M | $358.6M | ||
| Q4 24 | $440.0M | $485.4M | ||
| Q3 24 | $453.8M | $360.9M | ||
| Q2 24 | $447.8M | $340.8M | ||
| Q1 24 | $433.8M | $344.4M |
净利润FICOPIPR
| Q4 25 | $158.4M | $114.0M | ||
| Q3 25 | $155.0M | $60.3M | ||
| Q2 25 | $181.8M | $42.2M | ||
| Q1 25 | $162.6M | $64.9M | ||
| Q4 24 | $152.5M | $69.1M | ||
| Q3 24 | $135.7M | $34.8M | ||
| Q2 24 | $126.3M | $34.8M | ||
| Q1 24 | $129.8M | $42.5M |
毛利率FICOPIPR
| Q4 25 | 83.0% | — | ||
| Q3 25 | 82.3% | — | ||
| Q2 25 | 83.7% | — | ||
| Q1 25 | 82.4% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 80.3% | — | ||
| Q2 24 | 80.3% | — | ||
| Q1 24 | 80.0% | — |
营业利润率FICOPIPR
| Q4 25 | 45.7% | 28.3% | ||
| Q3 25 | 46.0% | 22.4% | ||
| Q2 25 | 48.9% | 12.3% | ||
| Q1 25 | 49.3% | 8.2% | ||
| Q4 24 | 40.8% | 16.9% | ||
| Q3 24 | 43.4% | 15.4% | ||
| Q2 24 | 42.5% | 8.3% | ||
| Q1 24 | 44.9% | 15.2% |
净利率FICOPIPR
| Q4 25 | 30.9% | 17.1% | ||
| Q3 25 | 30.1% | 12.6% | ||
| Q2 25 | 33.9% | 10.6% | ||
| Q1 25 | 32.6% | 18.1% | ||
| Q4 24 | 34.7% | 14.2% | ||
| Q3 24 | 29.9% | 9.6% | ||
| Q2 24 | 28.2% | 10.2% | ||
| Q1 24 | 29.9% | 12.3% |
每股收益（稀释后）FICOPIPR
| Q4 25 | $6.61 | $6.41 | ||
| Q3 25 | $6.41 | $3.38 | ||
| Q2 25 | $7.40 | $2.38 | ||
| Q1 25 | $6.59 | $3.65 | ||
| Q4 24 | $6.14 | $3.88 | ||
| Q3 24 | $5.44 | $1.96 | ||
| Q2 24 | $5.05 | $1.97 | ||
| Q1 24 | $5.16 | $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 | $162.0M | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $-1.8B | $1.4B |
| 总资产 | $1.9B | $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FICOPIPR
| Q4 25 | $162.0M | — | ||
| Q3 25 | $134.1M | — | ||
| Q2 25 | $189.0M | — | ||
| Q1 25 | $146.6M | — | ||
| Q4 24 | $184.3M | — | ||
| Q3 24 | $150.7M | — | ||
| Q2 24 | $156.0M | — | ||
| Q1 24 | $135.7M | — |
总债务FICOPIPR
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.0B | — |
股东权益FICOPIPR
| Q4 25 | $-1.8B | $1.4B | ||
| Q3 25 | $-1.7B | $1.3B | ||
| Q2 25 | $-1.4B | $1.2B | ||
| Q1 25 | $-1.1B | $1.2B | ||
| Q4 24 | $-1.1B | $1.2B | ||
| Q3 24 | $-962.7M | $1.2B | ||
| Q2 24 | $-829.3M | $1.1B | ||
| Q1 24 | $-735.7M | $1.1B |
总资产FICOPIPR
| Q4 25 | $1.9B | $2.6B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.7B | $2.0B | ||
| Q2 24 | $1.7B | $1.9B | ||
| Q1 24 | $1.7B | $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 | $174.1M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $173.9M | — |
| 自由现金流率自由现金流/营收 | 34.0% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | 1.10× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $750.6M | — |
8季度趋势，按日历期对齐
经营现金流FICOPIPR
| Q4 25 | $174.1M | $729.8M | ||
| Q3 25 | $223.7M | $31.9M | ||
| Q2 25 | $286.2M | $32.1M | ||
| Q1 25 | $74.9M | $-207.2M | ||
| Q4 24 | $194.0M | $163.8M | ||
| Q3 24 | $226.5M | $80.1M | ||
| Q2 24 | $213.3M | $266.5M | ||
| Q1 24 | $71.0M | $-197.2M |
自由现金流FICOPIPR
| Q4 25 | $173.9M | — | ||
| Q3 25 | $219.5M | — | ||
| Q2 25 | $284.4M | — | ||
| Q1 25 | $72.8M | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | $224.7M | — | ||
| Q2 24 | $211.6M | — | ||
| Q1 24 | $67.0M | — |
自由现金流率FICOPIPR
| Q4 25 | 34.0% | — | ||
| Q3 25 | 42.6% | — | ||
| Q2 25 | 53.0% | — | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | 43.9% | — | ||
| Q3 24 | 49.5% | — | ||
| Q2 24 | 47.2% | — | ||
| Q1 24 | 15.4% | — |
资本支出强度FICOPIPR
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.9% | — |
现金转化率FICOPIPR
| Q4 25 | 1.10× | 6.40× | ||
| Q3 25 | 1.44× | 0.53× | ||
| Q2 25 | 1.57× | 0.76× | ||
| Q1 25 | 0.46× | -3.19× | ||
| Q4 24 | 1.27× | 2.37× | ||
| Q3 24 | 1.67× | 2.30× | ||
| Q2 24 | 1.69× | 7.66× | ||
| Q1 24 | 0.55× | -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
FICO
| Business To Business Scores | $248.6M | 49% |
| Saa S Products | $115.7M | 23% |
| Platform Software | $73.9M | 14% |
| Business To Consumer Scores | $55.9M | 11% |
| Technology Service | $19.2M | 4% |
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% |
