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FLOWSERVE CORP（FLS）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
FLOWSERVE CORP的季度营收约是PIPER SANDLER COMPANIES的1.8倍（$1.2B vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -2.4%，领先19.5%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 3.5%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 6.0%）
Flowserve是美国跨国企业，也是全球领先的工业及环保机械供应商之一，主营泵、阀门、端面机械密封、自动化产品及相关服务，覆盖电力、油气、化工等多个行业，总部位于得克萨斯州欧文市，在全球50多国拥有近1.6万名员工，同时提供完善的售后服务。
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。
FLS vs PIPR — 直观对比
营收规模更大
FLS
是对方的1.8倍
$667.0M
营收增速更快
PIPR
高出33.9%
3.5%
净利率更高
PIPR
高出19.5%
-2.4%
两年增速更快
PIPR
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $667.0M |
| 净利润 | $-29.0M | $114.0M |
| 毛利率 | 34.8% | — |
| 营业利润率 | 3.5% | 28.3% |
| 净利率 | -2.4% | 17.1% |
| 营收同比 | 3.5% | 37.4% |
| 净利润同比 | -137.4% | 65.0% |
| 每股收益（稀释后） | $-0.21 | $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FLSPIPR
| Q4 25 | $1.2B | $667.0M | ||
| Q3 25 | $1.2B | $480.1M | ||
| Q2 25 | $1.2B | $398.6M | ||
| Q1 25 | $1.1B | $358.6M | ||
| Q4 24 | $1.2B | $485.4M | ||
| Q3 24 | $1.1B | $360.9M | ||
| Q2 24 | $1.2B | $340.8M | ||
| Q1 24 | $1.1B | $344.4M |
净利润FLSPIPR
| Q4 25 | $-29.0M | $114.0M | ||
| Q3 25 | $219.6M | $60.3M | ||
| Q2 25 | $81.8M | $42.2M | ||
| Q1 25 | $73.9M | $64.9M | ||
| Q4 24 | $77.5M | $69.1M | ||
| Q3 24 | $58.4M | $34.8M | ||
| Q2 24 | $72.6M | $34.8M | ||
| Q1 24 | $74.2M | $42.5M |
毛利率FLSPIPR
| Q4 25 | 34.8% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 32.3% | — | ||
| Q4 24 | 31.5% | — | ||
| Q3 24 | 31.5% | — | ||
| Q2 24 | 31.6% | — | ||
| Q1 24 | 31.2% | — |
营业利润率FLSPIPR
| Q4 25 | 3.5% | 28.3% | ||
| Q3 25 | 6.7% | 22.4% | ||
| Q2 25 | 12.3% | 12.3% | ||
| Q1 25 | 11.5% | 8.2% | ||
| Q4 24 | 10.6% | 16.9% | ||
| Q3 24 | 9.1% | 15.4% | ||
| Q2 24 | 10.5% | 8.3% | ||
| Q1 24 | 10.4% | 15.2% |
净利率FLSPIPR
| Q4 25 | -2.4% | 17.1% | ||
| Q3 25 | 18.7% | 12.6% | ||
| Q2 25 | 6.9% | 10.6% | ||
| Q1 25 | 6.5% | 18.1% | ||
| Q4 24 | 6.6% | 14.2% | ||
| Q3 24 | 5.2% | 9.6% | ||
| Q2 24 | 6.3% | 10.2% | ||
| Q1 24 | 6.8% | 12.3% |
每股收益（稀释后）FLSPIPR
| Q4 25 | $-0.21 | $6.41 | ||
| Q3 25 | $1.67 | $3.38 | ||
| Q2 25 | $0.62 | $2.38 | ||
| Q1 25 | $0.56 | $3.65 | ||
| Q4 24 | $0.59 | $3.88 | ||
| Q3 24 | $0.44 | $1.96 | ||
| Q2 24 | $0.55 | $1.97 | ||
| Q1 24 | $0.56 | $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 | $760.2M | — |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $2.2B | $1.4B |
| 总资产 | $5.7B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.72× | — |
8季度趋势，按日历期对齐
现金及短期投资FLSPIPR
| Q4 25 | $760.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $675.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务FLSPIPR
| Q4 25 | $1.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FLSPIPR
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.0B | $1.1B | ||
| Q1 24 | $2.0B | $1.1B |
总资产FLSPIPR
| Q4 25 | $5.7B | $2.6B | ||
| Q3 25 | $5.8B | $2.2B | ||
| Q2 25 | $5.7B | $2.0B | ||
| Q1 25 | $5.5B | $1.8B | ||
| Q4 24 | $5.5B | $2.3B | ||
| Q3 24 | $5.3B | $2.0B | ||
| Q2 24 | $5.2B | $1.9B | ||
| Q1 24 | $5.1B | $1.8B |
负债/权益比FLSPIPR
| Q4 25 | 0.72× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-174.0K | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $-25.6M | — |
| 自由现金流率自由现金流/营收 | -2.1% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 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 | $435.0M | — |
8季度趋势，按日历期对齐
经营现金流FLSPIPR
| Q4 25 | $-174.0K | $729.8M | ||
| Q3 25 | $401.8M | $31.9M | ||
| Q2 25 | $154.1M | $32.1M | ||
| Q1 25 | $-49.9M | $-207.2M | ||
| Q4 24 | $197.3M | $163.8M | ||
| Q3 24 | $178.5M | $80.1M | ||
| Q2 24 | $-12.8M | $266.5M | ||
| Q1 24 | $62.3M | $-197.2M |
自由现金流FLSPIPR
| Q4 25 | $-25.6M | — | ||
| Q3 25 | $384.7M | — | ||
| Q2 25 | $137.5M | — | ||
| Q1 25 | $-61.7M | — | ||
| Q4 24 | $168.5M | — | ||
| Q3 24 | $154.6M | — | ||
| Q2 24 | $-27.5M | — | ||
| Q1 24 | $48.6M | — |
自由现金流率FLSPIPR
| Q4 25 | -2.1% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | -5.4% | — | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 13.6% | — | ||
| Q2 24 | -2.4% | — | ||
| Q1 24 | 4.5% | — |
资本支出强度FLSPIPR
| Q4 25 | 2.1% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.3% | — |
现金转化率FLSPIPR
| Q4 25 | — | 6.40× | ||
| Q3 25 | 1.83× | 0.53× | ||
| Q2 25 | 1.89× | 0.76× | ||
| Q1 25 | -0.68× | -3.19× | ||
| Q4 24 | 2.55× | 2.37× | ||
| Q3 24 | 3.06× | 2.30× | ||
| Q2 24 | -0.18× | 7.66× | ||
| Q1 24 | 0.84× | -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
FLS
| Aftermarket Equipment | $563.4M | 46% |
| FCD | $390.3M | 32% |
| Original Equipment | $268.5M | 22% |
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% |
