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IES Holdings, Inc.（IESC）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
IES Holdings, Inc.的季度营收约是PIPER SANDLER COMPANIES的1.3倍（$871.0M vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 10.5%，领先6.6%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 16.2%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 11.1%）
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
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。
IESC vs PIPR — 直观对比
营收规模更大
IESC
是对方的1.3倍
$667.0M
营收增速更快
PIPR
高出21.2%
16.2%
净利率更高
PIPR
高出6.6%
10.5%
两年增速更快
PIPR
近两年复合增速
11.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $871.0M | $667.0M |
| 净利润 | $91.8M | $114.0M |
| 毛利率 | 25.3% | — |
| 营业利润率 | 11.2% | 28.3% |
| 净利率 | 10.5% | 17.1% |
| 营收同比 | 16.2% | 37.4% |
| 净利润同比 | 59.1% | 65.0% |
| 每股收益（稀释后） | $4.51 | $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IESCPIPR
| Q4 25 | $871.0M | $667.0M | ||
| Q3 25 | $897.8M | $480.1M | ||
| Q2 25 | $890.2M | $398.6M | ||
| Q1 25 | $834.0M | $358.6M | ||
| Q4 24 | $749.5M | $485.4M | ||
| Q3 24 | $775.8M | $360.9M | ||
| Q2 24 | $768.4M | $340.8M | ||
| Q1 24 | $705.7M | $344.4M |
净利润IESCPIPR
| Q4 25 | $91.8M | $114.0M | ||
| Q3 25 | $102.3M | $60.3M | ||
| Q2 25 | $79.3M | $42.2M | ||
| Q1 25 | $72.6M | $64.9M | ||
| Q4 24 | $57.7M | $69.1M | ||
| Q3 24 | $65.5M | $34.8M | ||
| Q2 24 | $66.6M | $34.8M | ||
| Q1 24 | $56.8M | $42.5M |
毛利率IESCPIPR
| Q4 25 | 25.3% | — | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 26.9% | — | ||
| Q1 25 | 25.0% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | 25.3% | — | ||
| Q1 24 | 24.3% | — |
营业利润率IESCPIPR
| Q4 25 | 11.2% | 28.3% | ||
| Q3 25 | 11.6% | 22.4% | ||
| Q2 25 | 12.6% | 12.3% | ||
| Q1 25 | 11.1% | 8.2% | ||
| Q4 24 | 10.0% | 16.9% | ||
| Q3 24 | 9.7% | 15.4% | ||
| Q2 24 | 11.7% | 8.3% | ||
| Q1 24 | 11.0% | 15.2% |
净利率IESCPIPR
| Q4 25 | 10.5% | 17.1% | ||
| Q3 25 | 11.4% | 12.6% | ||
| Q2 25 | 8.9% | 10.6% | ||
| Q1 25 | 8.7% | 18.1% | ||
| Q4 24 | 7.7% | 14.2% | ||
| Q3 24 | 8.4% | 9.6% | ||
| Q2 24 | 8.7% | 10.2% | ||
| Q1 24 | 8.0% | 12.3% |
每股收益（稀释后）IESCPIPR
| Q4 25 | $4.51 | $6.41 | ||
| Q3 25 | $4.99 | $3.38 | ||
| Q2 25 | $3.81 | $2.38 | ||
| Q1 25 | $3.50 | $3.65 | ||
| Q4 24 | $2.72 | $3.88 | ||
| Q3 24 | $3.06 | $1.96 | ||
| Q2 24 | $2.67 | $1.97 | ||
| Q1 24 | $2.29 | $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 | $258.7M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $961.1M | $1.4B |
| 总资产 | $1.7B | $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IESCPIPR
| Q4 25 | $258.7M | — | ||
| Q3 25 | $231.8M | — | ||
| Q2 25 | $168.3M | — | ||
| Q1 25 | $88.3M | — | ||
| Q4 24 | $112.0M | — | ||
| Q3 24 | $135.8M | — | ||
| Q2 24 | $44.9M | — | ||
| Q1 24 | $106.0M | — |
股东权益IESCPIPR
| Q4 25 | $961.1M | $1.4B | ||
| Q3 25 | $884.0M | $1.3B | ||
| Q2 25 | $781.4M | $1.2B | ||
| Q1 25 | $705.8M | $1.2B | ||
| Q4 24 | $652.4M | $1.2B | ||
| Q3 24 | $611.1M | $1.2B | ||
| Q2 24 | $567.5M | $1.1B | ||
| Q1 24 | $534.8M | $1.1B |
总资产IESCPIPR
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $1.9B | ||
| Q1 24 | $1.1B | $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 | $27.7M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $-18.9M | — |
| 自由现金流率自由现金流/营收 | -2.2% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | 0.30× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $175.9M | — |
8季度趋势，按日历期对齐
经营现金流IESCPIPR
| Q4 25 | $27.7M | $729.8M | ||
| Q3 25 | $132.0M | $31.9M | ||
| Q2 25 | $92.0M | $32.1M | ||
| Q1 25 | $24.8M | $-207.2M | ||
| Q4 24 | $37.3M | $163.8M | ||
| Q3 24 | $92.8M | $80.1M | ||
| Q2 24 | $82.9M | $266.5M | ||
| Q1 24 | $33.7M | $-197.2M |
自由现金流IESCPIPR
| Q4 25 | $-18.9M | — | ||
| Q3 25 | $112.0M | — | ||
| Q2 25 | $74.8M | — | ||
| Q1 25 | $7.9M | — | ||
| Q4 24 | $24.1M | — | ||
| Q3 24 | $78.5M | — | ||
| Q2 24 | $65.4M | — | ||
| Q1 24 | $26.9M | — |
自由现金流率IESCPIPR
| Q4 25 | -2.2% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 8.5% | — | ||
| Q1 24 | 3.8% | — |
资本支出强度IESCPIPR
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 1.0% | — |
现金转化率IESCPIPR
| Q4 25 | 0.30× | 6.40× | ||
| Q3 25 | 1.29× | 0.53× | ||
| Q2 25 | 1.16× | 0.76× | ||
| Q1 25 | 0.34× | -3.19× | ||
| Q4 24 | 0.65× | 2.37× | ||
| Q3 24 | 1.42× | 2.30× | ||
| Q2 24 | 1.24× | 7.66× | ||
| Q1 24 | 0.59× | -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
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
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% |
