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美森（MATX）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
美森的季度营收约是PIPER SANDLER COMPANIES的1.3倍（$851.9M vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 16.8%，领先0.3%），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 8.6%）
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
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。
MATX vs PIPR — 直观对比
营收规模更大
MATX
是对方的1.3倍
$667.0M
营收增速更快
PIPR
高出41.7%
-4.3%
净利率更高
PIPR
高出0.3%
16.8%
两年增速更快
PIPR
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $667.0M |
| 净利润 | $143.1M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 28.3% |
| 净利率 | 16.8% | 17.1% |
| 营收同比 | -4.3% | 37.4% |
| 净利润同比 | 11.8% | 65.0% |
| 每股收益（稀释后） | $4.47 | $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MATXPIPR
| Q4 25 | $851.9M | $667.0M | ||
| Q3 25 | $880.1M | $480.1M | ||
| Q2 25 | $830.5M | $398.6M | ||
| Q1 25 | $782.0M | $358.6M | ||
| Q4 24 | $890.3M | $485.4M | ||
| Q3 24 | $962.0M | $360.9M | ||
| Q2 24 | $847.4M | $340.8M | ||
| Q1 24 | $722.1M | $344.4M |
净利润MATXPIPR
| Q4 25 | $143.1M | $114.0M | ||
| Q3 25 | $134.7M | $60.3M | ||
| Q2 25 | $94.7M | $42.2M | ||
| Q1 25 | $72.3M | $64.9M | ||
| Q4 24 | $128.0M | $69.1M | ||
| Q3 24 | $199.1M | $34.8M | ||
| Q2 24 | $113.2M | $34.8M | ||
| Q1 24 | $36.1M | $42.5M |
营业利润率MATXPIPR
| Q4 25 | 16.9% | 28.3% | ||
| Q3 25 | 18.3% | 22.4% | ||
| Q2 25 | 13.6% | 12.3% | ||
| Q1 25 | 10.5% | 8.2% | ||
| Q4 24 | 16.6% | 16.9% | ||
| Q3 24 | 25.2% | 15.4% | ||
| Q2 24 | 14.7% | 8.3% | ||
| Q1 24 | 5.1% | 15.2% |
净利率MATXPIPR
| Q4 25 | 16.8% | 17.1% | ||
| Q3 25 | 15.3% | 12.6% | ||
| Q2 25 | 11.4% | 10.6% | ||
| Q1 25 | 9.2% | 18.1% | ||
| Q4 24 | 14.4% | 14.2% | ||
| Q3 24 | 20.7% | 9.6% | ||
| Q2 24 | 13.4% | 10.2% | ||
| Q1 24 | 5.0% | 12.3% |
每股收益（稀释后）MATXPIPR
| Q4 25 | $4.47 | $6.41 | ||
| Q3 25 | $4.24 | $3.38 | ||
| Q2 25 | $2.92 | $2.38 | ||
| Q1 25 | $2.18 | $3.65 | ||
| Q4 24 | $3.69 | $3.88 | ||
| Q3 24 | $5.89 | $1.96 | ||
| Q2 24 | $3.31 | $1.97 | ||
| Q1 24 | $1.04 | $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 | $141.9M | — |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $1.4B |
| 总资产 | $4.6B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.13× | — |
8季度趋势，按日历期对齐
现金及短期投资MATXPIPR
| Q4 25 | $141.9M | — | ||
| Q3 25 | $92.7M | — | ||
| Q2 25 | $59.1M | — | ||
| Q1 25 | $122.0M | — | ||
| Q4 24 | $266.8M | — | ||
| Q3 24 | $270.3M | — | ||
| Q2 24 | $168.2M | — | ||
| Q1 24 | $25.9M | — |
总债务MATXPIPR
| Q4 25 | $361.2M | — | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | — | ||
| Q3 24 | $370.9M | — | ||
| Q2 24 | $381.0M | — | ||
| Q1 24 | $390.8M | — |
股东权益MATXPIPR
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.4B | $1.1B |
总资产MATXPIPR
| Q4 25 | $4.6B | $2.6B | ||
| Q3 25 | $4.6B | $2.2B | ||
| Q2 25 | $4.5B | $2.0B | ||
| Q1 25 | $4.5B | $1.8B | ||
| Q4 24 | $4.6B | $2.3B | ||
| Q3 24 | $4.4B | $2.0B | ||
| Q2 24 | $4.3B | $1.9B | ||
| Q1 24 | $4.2B | $1.8B |
负债/权益比MATXPIPR
| Q4 25 | 0.13× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | 0.16× | — |
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 | $176.9M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | — |
| 自由现金流率自由现金流/营收 | 5.0% | — |
| 资本支出强度资本支出/营收 | 15.8% | — |
| 现金转化率经营现金流/净利润 | 1.24× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $153.7M | — |
8季度趋势，按日历期对齐
经营现金流MATXPIPR
| Q4 25 | $176.9M | $729.8M | ||
| Q3 25 | $175.6M | $31.9M | ||
| Q2 25 | $105.6M | $32.1M | ||
| Q1 25 | $89.0M | $-207.2M | ||
| Q4 24 | $174.7M | $163.8M | ||
| Q3 24 | $248.6M | $80.1M | ||
| Q2 24 | $307.9M | $266.5M | ||
| Q1 24 | $36.6M | $-197.2M |
自由现金流MATXPIPR
| Q4 25 | $42.2M | — | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | $19.3M | — | ||
| Q1 25 | $-200.0K | — | ||
| Q4 24 | $49.3M | — | ||
| Q3 24 | $189.0M | — | ||
| Q2 24 | $238.1M | — | ||
| Q1 24 | $-18.7M | — |
自由现金流率MATXPIPR
| Q4 25 | 5.0% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -0.0% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 19.6% | — | ||
| Q2 24 | 28.1% | — | ||
| Q1 24 | -2.6% | — |
资本支出强度MATXPIPR
| Q4 25 | 15.8% | — | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | 7.7% | — |
现金转化率MATXPIPR
| Q4 25 | 1.24× | 6.40× | ||
| Q3 25 | 1.30× | 0.53× | ||
| Q2 25 | 1.12× | 0.76× | ||
| Q1 25 | 1.23× | -3.19× | ||
| Q4 24 | 1.36× | 2.37× | ||
| Q3 24 | 1.25× | 2.30× | ||
| Q2 24 | 2.72× | 7.66× | ||
| Q1 24 | 1.01× | -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
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
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% |
