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FIVE BELOW, INC（FIVE）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
FIVE BELOW, INC的季度营收约是PIPER SANDLER COMPANIES的1.6倍（$1.0B vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 3.5%，领先13.6%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 23.1%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -11.9%）
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
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。
FIVE vs PIPR — 直观对比
营收规模更大
FIVE
是对方的1.6倍
$667.0M
营收增速更快
PIPR
高出14.4%
23.1%
净利率更高
PIPR
高出13.6%
3.5%
两年增速更快
PIPR
近两年复合增速
-11.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $667.0M |
| 净利润 | $36.5M | $114.0M |
| 毛利率 | 33.8% | — |
| 营业利润率 | 4.2% | 28.3% |
| 净利率 | 3.5% | 17.1% |
| 营收同比 | 23.1% | 37.4% |
| 净利润同比 | 2063.9% | 65.0% |
| 每股收益（稀释后） | $0.66 | $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FIVEPIPR
| Q4 25 | $1.0B | $667.0M | ||
| Q3 25 | $1.0B | $480.1M | ||
| Q2 25 | $970.5M | $398.6M | ||
| Q1 25 | $1.4B | $358.6M | ||
| Q4 24 | $843.7M | $485.4M | ||
| Q3 24 | $830.1M | $360.9M | ||
| Q2 24 | $811.9M | $340.8M | ||
| Q1 24 | $1.3B | $344.4M |
净利润FIVEPIPR
| Q4 25 | $36.5M | $114.0M | ||
| Q3 25 | $42.8M | $60.3M | ||
| Q2 25 | $41.1M | $42.2M | ||
| Q1 25 | $187.5M | $64.9M | ||
| Q4 24 | $1.7M | $69.1M | ||
| Q3 24 | $33.0M | $34.8M | ||
| Q2 24 | $31.5M | $34.8M | ||
| Q1 24 | $202.2M | $42.5M |
毛利率FIVEPIPR
| Q4 25 | 33.8% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 33.4% | — | ||
| Q1 25 | 40.2% | — | ||
| Q4 24 | 30.6% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 41.2% | — |
营业利润率FIVEPIPR
| Q4 25 | 4.2% | 28.3% | ||
| Q3 25 | 5.1% | 22.4% | ||
| Q2 25 | 5.2% | 12.3% | ||
| Q1 25 | 17.7% | 8.2% | ||
| Q4 24 | -0.1% | 16.9% | ||
| Q3 24 | 5.0% | 15.4% | ||
| Q2 24 | 4.5% | 8.3% | ||
| Q1 24 | 20.1% | 15.2% |
净利率FIVEPIPR
| Q4 25 | 3.5% | 17.1% | ||
| Q3 25 | 4.2% | 12.6% | ||
| Q2 25 | 4.2% | 10.6% | ||
| Q1 25 | 13.5% | 18.1% | ||
| Q4 24 | 0.2% | 14.2% | ||
| Q3 24 | 4.0% | 9.6% | ||
| Q2 24 | 3.9% | 10.2% | ||
| Q1 24 | 15.1% | 12.3% |
每股收益（稀释后）FIVEPIPR
| Q4 25 | $0.66 | $6.41 | ||
| Q3 25 | $0.77 | $3.38 | ||
| Q2 25 | $0.75 | $2.38 | ||
| Q1 25 | $3.40 | $3.65 | ||
| Q4 24 | $0.03 | $3.88 | ||
| Q3 24 | $0.60 | $1.96 | ||
| Q2 24 | $0.57 | $1.97 | ||
| Q1 24 | $3.64 | $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 | $524.5M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $1.4B |
| 总资产 | $4.8B | $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FIVEPIPR
| Q4 25 | $524.5M | — | ||
| Q3 25 | $670.2M | — | ||
| Q2 25 | $624.0M | — | ||
| Q1 25 | $528.8M | — | ||
| Q4 24 | $216.6M | — | ||
| Q3 24 | $327.7M | — | ||
| Q2 24 | $369.6M | — | ||
| Q1 24 | $460.1M | — |
股东权益FIVEPIPR
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.6B | $1.1B |
总资产FIVEPIPR
| Q4 25 | $4.8B | $2.6B | ||
| Q3 25 | $4.6B | $2.2B | ||
| Q2 25 | $4.5B | $2.0B | ||
| Q1 25 | $4.3B | $1.8B | ||
| Q4 24 | $4.2B | $2.3B | ||
| Q3 24 | $4.0B | $2.0B | ||
| Q2 24 | $3.9B | $1.9B | ||
| Q1 24 | $3.9B | $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 | $-80.1M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $-133.2M | — |
| 自由现金流率自由现金流/营收 | -12.8% | — |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | -2.19× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $323.0M | — |
8季度趋势，按日历期对齐
经营现金流FIVEPIPR
| Q4 25 | $-80.1M | $729.8M | ||
| Q3 25 | $93.0M | $31.9M | ||
| Q2 25 | $132.7M | $32.1M | ||
| Q1 25 | $363.5M | $-207.2M | ||
| Q4 24 | $-30.6M | $163.8M | ||
| Q3 24 | $71.3M | $80.1M | ||
| Q2 24 | $26.4M | $266.5M | ||
| Q1 24 | $407.7M | $-197.2M |
自由现金流FIVEPIPR
| Q4 25 | $-133.2M | — | ||
| Q3 25 | $48.3M | — | ||
| Q2 25 | $96.5M | — | ||
| Q1 25 | $311.4M | — | ||
| Q4 24 | $-111.0M | — | ||
| Q3 24 | $-32.4M | — | ||
| Q2 24 | $-61.4M | — | ||
| Q1 24 | $304.6M | — |
自由现金流率FIVEPIPR
| Q4 25 | -12.8% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | -13.2% | — | ||
| Q3 24 | -3.9% | — | ||
| Q2 24 | -7.6% | — | ||
| Q1 24 | 22.8% | — |
资本支出强度FIVEPIPR
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 7.7% | — |
现金转化率FIVEPIPR
| Q4 25 | -2.19× | 6.40× | ||
| Q3 25 | 2.17× | 0.53× | ||
| Q2 25 | 3.22× | 0.76× | ||
| Q1 25 | 1.94× | -3.19× | ||
| Q4 24 | -18.13× | 2.37× | ||
| Q3 24 | 2.16× | 2.30× | ||
| Q2 24 | 0.84× | 7.66× | ||
| Q1 24 | 2.02× | -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
FIVE
暂无分部数据
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% |
