vs
J&J SNACK FOODS CORP（JJSF）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J&J SNACK FOODS CORP的1.9倍（$667.0M vs $343.8M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 0.3%，领先16.8%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -5.2%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -2.2%）
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
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。
JJSF vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.9倍
$343.8M
营收增速更快
PIPR
高出42.6%
-5.2%
净利率更高
PIPR
高出16.8%
0.3%
两年增速更快
PIPR
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $343.8M | $667.0M |
| 净利润 | $883.0K | $114.0M |
| 毛利率 | 27.9% | — |
| 营业利润率 | 0.2% | 28.3% |
| 净利率 | 0.3% | 17.1% |
| 营收同比 | -5.2% | 37.4% |
| 净利润同比 | -82.8% | 65.0% |
| 每股收益（稀释后） | $0.05 | $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JJSFPIPR
| Q4 25 | $343.8M | $667.0M | ||
| Q3 25 | $410.2M | $480.1M | ||
| Q2 25 | $454.3M | $398.6M | ||
| Q1 25 | $356.1M | $358.6M | ||
| Q4 24 | $362.6M | $485.4M | ||
| Q3 24 | $426.8M | $360.9M | ||
| Q2 24 | $440.0M | $340.8M | ||
| Q1 24 | $359.7M | $344.4M |
净利润JJSFPIPR
| Q4 25 | $883.0K | $114.0M | ||
| Q3 25 | $11.4M | $60.3M | ||
| Q2 25 | $44.2M | $42.2M | ||
| Q1 25 | $4.8M | $64.9M | ||
| Q4 24 | $5.1M | $69.1M | ||
| Q3 24 | $29.6M | $34.8M | ||
| Q2 24 | $36.3M | $34.8M | ||
| Q1 24 | $13.3M | $42.5M |
毛利率JJSFPIPR
| Q4 25 | 27.9% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 33.0% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 25.9% | — | ||
| Q3 24 | 31.8% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 30.1% | — |
营业利润率JJSFPIPR
| Q4 25 | 0.2% | 28.3% | ||
| Q3 25 | 2.8% | 22.4% | ||
| Q2 25 | 13.3% | 12.3% | ||
| Q1 25 | 1.7% | 8.2% | ||
| Q4 24 | 1.7% | 16.9% | ||
| Q3 24 | 9.3% | 15.4% | ||
| Q2 24 | 11.4% | 8.3% | ||
| Q1 24 | 5.0% | 15.2% |
净利率JJSFPIPR
| Q4 25 | 0.3% | 17.1% | ||
| Q3 25 | 2.8% | 12.6% | ||
| Q2 25 | 9.7% | 10.6% | ||
| Q1 25 | 1.4% | 18.1% | ||
| Q4 24 | 1.4% | 14.2% | ||
| Q3 24 | 6.9% | 9.6% | ||
| Q2 24 | 8.3% | 10.2% | ||
| Q1 24 | 3.7% | 12.3% |
每股收益（稀释后）JJSFPIPR
| Q4 25 | $0.05 | $6.41 | ||
| Q3 25 | $0.59 | $3.38 | ||
| Q2 25 | $2.26 | $2.38 | ||
| Q1 25 | $0.25 | $3.65 | ||
| Q4 24 | $0.26 | $3.88 | ||
| Q3 24 | $1.52 | $1.96 | ||
| Q2 24 | $1.87 | $1.97 | ||
| Q1 24 | $0.69 | $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 | $66.8M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $912.9M | $1.4B |
| 总资产 | $1.3B | $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JJSFPIPR
| Q4 25 | $66.8M | — | ||
| Q3 25 | $105.9M | — | ||
| Q2 25 | $77.4M | — | ||
| Q1 25 | $48.5M | — | ||
| Q4 24 | $73.6M | — | ||
| Q3 24 | $73.4M | — | ||
| Q2 24 | $64.0M | — | ||
| Q1 24 | $43.6M | — |
股东权益JJSFPIPR
| Q4 25 | $912.9M | $1.4B | ||
| Q3 25 | $966.7M | $1.3B | ||
| Q2 25 | $969.9M | $1.2B | ||
| Q1 25 | $935.0M | $1.2B | ||
| Q4 24 | $946.8M | $1.2B | ||
| Q3 24 | $957.0M | $1.2B | ||
| Q2 24 | $937.9M | $1.1B | ||
| Q1 24 | $915.7M | $1.1B |
总资产JJSFPIPR
| Q4 25 | $1.3B | $2.6B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.3B | $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 | $36.0M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $17.0M | — |
| 自由现金流率自由现金流/营收 | 4.9% | — |
| 资本支出强度资本支出/营收 | 5.5% | — |
| 现金转化率经营现金流/净利润 | 40.73× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $83.1M | — |
8季度趋势，按日历期对齐
经营现金流JJSFPIPR
| Q4 25 | $36.0M | $729.8M | ||
| Q3 25 | $66.4M | $31.9M | ||
| Q2 25 | $51.2M | $32.1M | ||
| Q1 25 | $12.3M | $-207.2M | ||
| Q4 24 | $35.2M | $163.8M | ||
| Q3 24 | $46.3M | $80.1M | ||
| Q2 24 | $65.0M | $266.5M | ||
| Q1 24 | $12.7M | $-197.2M |
自由现金流JJSFPIPR
| Q4 25 | $17.0M | — | ||
| Q3 25 | $44.8M | — | ||
| Q2 25 | $28.5M | — | ||
| Q1 25 | $-7.2M | — | ||
| Q4 24 | $16.1M | — | ||
| Q3 24 | $29.1M | — | ||
| Q2 24 | $45.3M | — | ||
| Q1 24 | $-4.0M | — |
自由现金流率JJSFPIPR
| Q4 25 | 4.9% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | -1.1% | — |
资本支出强度JJSFPIPR
| Q4 25 | 5.5% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 4.5% | — | ||
| Q1 24 | 4.6% | — |
现金转化率JJSFPIPR
| Q4 25 | 40.73× | 6.40× | ||
| Q3 25 | 5.84× | 0.53× | ||
| Q2 25 | 1.16× | 0.76× | ||
| Q1 25 | 2.55× | -3.19× | ||
| Q4 24 | 6.84× | 2.37× | ||
| Q3 24 | 1.56× | 2.30× | ||
| Q2 24 | 1.79× | 7.66× | ||
| Q1 24 | 0.96× | -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
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 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% |
