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迈心诺（MASI）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的季度营收约是迈心诺的1.8倍（$667.0M vs $371.5M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -27.0%，领先44.1%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -26.4%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -17.7%）
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
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。
MASI vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.8倍
$371.5M
营收增速更快
PIPR
高出63.8%
-26.4%
净利率更高
PIPR
高出44.1%
-27.0%
两年增速更快
PIPR
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $667.0M |
| 净利润 | $-100.4M | $114.0M |
| 毛利率 | 62.1% | — |
| 营业利润率 | 22.5% | 28.3% |
| 净利率 | -27.0% | 17.1% |
| 营收同比 | -26.4% | 37.4% |
| 净利润同比 | -1124.5% | 65.0% |
| 每股收益（稀释后） | $-1.84 | $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MASIPIPR
| Q4 25 | — | $667.0M | ||
| Q3 25 | $371.5M | $480.1M | ||
| Q2 25 | $370.9M | $398.6M | ||
| Q1 25 | $372.0M | $358.6M | ||
| Q4 24 | $600.7M | $485.4M | ||
| Q3 24 | $504.6M | $360.9M | ||
| Q2 24 | $496.3M | $340.8M | ||
| Q1 24 | $492.8M | $344.4M |
净利润MASIPIPR
| Q4 25 | — | $114.0M | ||
| Q3 25 | $-100.4M | $60.3M | ||
| Q2 25 | $51.3M | $42.2M | ||
| Q1 25 | $-170.7M | $64.9M | ||
| Q4 24 | $-349.6M | $69.1M | ||
| Q3 24 | $9.8M | $34.8M | ||
| Q2 24 | $16.0M | $34.8M | ||
| Q1 24 | $18.9M | $42.5M |
毛利率MASIPIPR
| Q4 25 | — | — | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 62.9% | — | ||
| Q1 25 | 62.9% | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | 52.2% | — | ||
| Q2 24 | 51.3% | — | ||
| Q1 24 | 49.0% | — |
营业利润率MASIPIPR
| Q4 25 | — | 28.3% | ||
| Q3 25 | 22.5% | 22.4% | ||
| Q2 25 | 17.4% | 12.3% | ||
| Q1 25 | 21.0% | 8.2% | ||
| Q4 24 | -59.8% | 16.9% | ||
| Q3 24 | 6.0% | 15.4% | ||
| Q2 24 | 5.7% | 8.3% | ||
| Q1 24 | 6.9% | 15.2% |
净利率MASIPIPR
| Q4 25 | — | 17.1% | ||
| Q3 25 | -27.0% | 12.6% | ||
| Q2 25 | 13.8% | 10.6% | ||
| Q1 25 | -45.9% | 18.1% | ||
| Q4 24 | -58.2% | 14.2% | ||
| Q3 24 | 1.9% | 9.6% | ||
| Q2 24 | 3.2% | 10.2% | ||
| Q1 24 | 3.8% | 12.3% |
每股收益（稀释后）MASIPIPR
| Q4 25 | — | $6.41 | ||
| Q3 25 | $-1.84 | $3.38 | ||
| Q2 25 | $0.94 | $2.38 | ||
| Q1 25 | $-3.12 | $3.65 | ||
| Q4 24 | $-6.54 | $3.88 | ||
| Q3 24 | $0.18 | $1.96 | ||
| Q2 24 | $0.29 | $1.97 | ||
| Q1 24 | $0.35 | $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 | $312.3M | — |
| 总债务越低越好 | $559.1M | — |
| 股东权益账面价值 | $810.0M | $1.4B |
| 总资产 | $1.8B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资MASIPIPR
| Q4 25 | — | — | ||
| Q3 25 | $312.3M | — | ||
| Q2 25 | $149.6M | — | ||
| Q1 25 | $130.8M | — | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $158.5M | — | ||
| Q2 24 | $129.6M | — | ||
| Q1 24 | $157.6M | — |
总债务MASIPIPR
| Q4 25 | — | — | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | — | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | — |
股东权益MASIPIPR
| Q4 25 | — | $1.4B | ||
| Q3 25 | $810.0M | $1.3B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $946.4M | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
总资产MASIPIPR
| Q4 25 | — | $2.6B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $2.4B | $2.0B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.6B | $2.3B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $2.9B | $1.9B | ||
| Q1 24 | $3.0B | $1.8B |
负债/权益比MASIPIPR
| Q4 25 | — | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
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 | $56.8M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | — |
| 自由现金流率自由现金流/营收 | 13.7% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 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 | $191.0M | — |
8季度趋势，按日历期对齐
经营现金流MASIPIPR
| Q4 25 | — | $729.8M | ||
| Q3 25 | $56.8M | $31.9M | ||
| Q2 25 | $69.4M | $32.1M | ||
| Q1 25 | $31.1M | $-207.2M | ||
| Q4 24 | $50.5M | $163.8M | ||
| Q3 24 | $25.6M | $80.1M | ||
| Q2 24 | $74.5M | $266.5M | ||
| Q1 24 | $45.8M | $-197.2M |
自由现金流MASIPIPR
| Q4 25 | — | — | ||
| Q3 25 | $50.9M | — | ||
| Q2 25 | $65.6M | — | ||
| Q1 25 | $28.5M | — | ||
| Q4 24 | $46.0M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $37.6M | — |
自由现金流率MASIPIPR
| Q4 25 | — | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 17.7% | — | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 7.6% | — |
资本支出强度MASIPIPR
| Q4 25 | — | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.7% | — |
现金转化率MASIPIPR
| Q4 25 | — | 6.40× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | 1.35× | 0.76× | ||
| Q1 25 | — | -3.19× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | 2.61× | 2.30× | ||
| Q2 24 | 4.66× | 7.66× | ||
| Q1 24 | 2.42× | -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
MASI
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% |
