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美泰（MAT）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
美泰的季度营收约是PIPER SANDLER COMPANIES的1.3倍（$862.2M vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 7.1%，领先10.0%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 4.3%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -10.6%）
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
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。
MAT vs PIPR — 直观对比
营收规模更大
MAT
是对方的1.3倍
$667.0M
营收增速更快
PIPR
高出33.1%
4.3%
净利率更高
PIPR
高出10.0%
7.1%
两年增速更快
PIPR
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $667.0M |
| 净利润 | $61.0M | $114.0M |
| 毛利率 | 44.9% | — |
| 营业利润率 | — | 28.3% |
| 净利率 | 7.1% | 17.1% |
| 营收同比 | 4.3% | 37.4% |
| 净利润同比 | 251.4% | 65.0% |
| 每股收益（稀释后） | $0.20 | $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MATPIPR
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $667.0M | ||
| Q3 25 | $1.7B | $480.1M | ||
| Q2 25 | $1.0B | $398.6M | ||
| Q1 25 | $826.6M | $358.6M | ||
| Q4 24 | $1.6B | $485.4M | ||
| Q3 24 | $1.8B | $360.9M | ||
| Q2 24 | $1.1B | $340.8M |
净利润MATPIPR
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $114.0M | ||
| Q3 25 | $278.4M | $60.3M | ||
| Q2 25 | $53.4M | $42.2M | ||
| Q1 25 | $-40.3M | $64.9M | ||
| Q4 24 | $140.9M | $69.1M | ||
| Q3 24 | $372.4M | $34.8M | ||
| Q2 24 | $56.9M | $34.8M |
毛利率MATPIPR
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 50.0% | — | ||
| Q2 25 | 50.9% | — | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 53.1% | — | ||
| Q2 24 | 49.2% | — |
营业利润率MATPIPR
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 28.3% | ||
| Q3 25 | 21.9% | 22.4% | ||
| Q2 25 | 7.7% | 12.3% | ||
| Q1 25 | -6.4% | 8.2% | ||
| Q4 24 | 9.6% | 16.9% | ||
| Q3 24 | 26.5% | 15.4% | ||
| Q2 24 | 7.7% | 8.3% |
净利率MATPIPR
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 17.1% | ||
| Q3 25 | 16.0% | 12.6% | ||
| Q2 25 | 5.2% | 10.6% | ||
| Q1 25 | -4.9% | 18.1% | ||
| Q4 24 | 8.6% | 14.2% | ||
| Q3 24 | 20.2% | 9.6% | ||
| Q2 24 | 5.3% | 10.2% |
每股收益（稀释后）MATPIPR
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $6.41 | ||
| Q3 25 | $0.88 | $3.38 | ||
| Q2 25 | $0.16 | $2.38 | ||
| Q1 25 | $-0.12 | $3.65 | ||
| Q4 24 | $0.40 | $3.88 | ||
| Q3 24 | $1.09 | $1.96 | ||
| Q2 24 | $0.17 | $1.97 |
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 | $866.0M | — |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $2.1B | $1.4B |
| 总资产 | $6.3B | $2.6B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资MATPIPR
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $691.9M | — | ||
| Q2 25 | $870.5M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $722.4M | — |
总债务MATPIPR
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益MATPIPR
| Q1 26 | $2.1B | — | ||
| 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 | $2.3B | $1.2B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.0B | $1.1B |
总资产MATPIPR
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $2.6B | ||
| Q3 25 | $6.6B | $2.2B | ||
| Q2 25 | $6.2B | $2.0B | ||
| Q1 25 | $6.2B | $1.8B | ||
| Q4 24 | $6.5B | $2.3B | ||
| Q3 24 | $6.5B | $2.0B | ||
| Q2 24 | $5.9B | $1.9B |
负债/权益比MATPIPR
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.18× | — |
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 | — | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | — |
| 自由现金流率自由现金流/营收 | -10.2% | — |
| 资本支出强度资本支出/营收 | 7.6% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MATPIPR
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $729.8M | ||
| Q3 25 | $72.0M | $31.9M | ||
| Q2 25 | $-300.1M | $32.1M | ||
| Q1 25 | $24.8M | $-207.2M | ||
| Q4 24 | $862.1M | $163.8M | ||
| Q3 24 | $155.8M | $80.1M | ||
| Q2 24 | $-252.9M | $266.5M |
自由现金流MATPIPR
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率MATPIPR
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度MATPIPR
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率MATPIPR
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 6.40× | ||
| Q3 25 | 0.26× | 0.53× | ||
| Q2 25 | -5.62× | 0.76× | ||
| Q1 25 | — | -3.19× | ||
| Q4 24 | 6.12× | 2.37× | ||
| Q3 24 | 0.42× | 2.30× | ||
| Q2 24 | -4.45× | 7.66× |
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
MAT
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% |
