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玛斯特锁（MBC）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的季度营收约是玛斯特锁的1.1倍（$667.0M vs $618.0M），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -6.4%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -4.4%）
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
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。
MBC vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.1倍
$618.0M
营收增速更快
PIPR
高出43.8%
-6.4%
两年增速更快
PIPR
近两年复合增速
-4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $618.0M | $667.0M |
| 净利润 | — | $114.0M |
| 毛利率 | 25.3% | — |
| 营业利润率 | — | 28.3% |
| 净利率 | — | 17.1% |
| 营收同比 | -6.4% | 37.4% |
| 净利润同比 | — | 65.0% |
| 每股收益（稀释后） | $-0.12 | $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MBCPIPR
| Q1 26 | $618.0M | — | ||
| Q4 25 | $644.6M | $667.0M | ||
| Q3 25 | $698.9M | $480.1M | ||
| Q2 25 | $730.9M | $398.6M | ||
| Q1 25 | $660.3M | $358.6M | ||
| Q4 24 | $667.7M | $485.4M | ||
| Q3 24 | $718.1M | $360.9M | ||
| Q2 24 | $676.5M | $340.8M |
净利润MBCPIPR
| Q1 26 | — | — | ||
| Q4 25 | $-42.0M | $114.0M | ||
| Q3 25 | $18.1M | $60.3M | ||
| Q2 25 | $37.3M | $42.2M | ||
| Q1 25 | $13.3M | $64.9M | ||
| Q4 24 | $14.0M | $69.1M | ||
| Q3 24 | $29.1M | $34.8M | ||
| Q2 24 | $45.3M | $34.8M |
毛利率MBCPIPR
| Q1 26 | 25.3% | — | ||
| Q4 25 | 26.0% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 32.8% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 33.1% | — | ||
| Q2 24 | 34.1% | — |
营业利润率MBCPIPR
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | 28.3% | ||
| Q3 25 | 6.0% | 22.4% | ||
| Q2 25 | 9.2% | 12.3% | ||
| Q1 25 | 5.6% | 8.2% | ||
| Q4 24 | 5.6% | 16.9% | ||
| Q3 24 | 8.0% | 15.4% | ||
| Q2 24 | 11.5% | 8.3% |
净利率MBCPIPR
| Q1 26 | — | — | ||
| Q4 25 | -6.5% | 17.1% | ||
| Q3 25 | 2.6% | 12.6% | ||
| Q2 25 | 5.1% | 10.6% | ||
| Q1 25 | 2.0% | 18.1% | ||
| Q4 24 | 2.1% | 14.2% | ||
| Q3 24 | 4.1% | 9.6% | ||
| Q2 24 | 6.7% | 10.2% |
每股收益（稀释后）MBCPIPR
| Q1 26 | $-0.12 | — | ||
| Q4 25 | $-0.32 | $6.41 | ||
| Q3 25 | $0.14 | $3.38 | ||
| Q2 25 | $0.29 | $2.38 | ||
| Q1 25 | $0.10 | $3.65 | ||
| Q4 24 | $0.10 | $3.88 | ||
| Q3 24 | $0.22 | $1.96 | ||
| Q2 24 | $0.35 | $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 | $138.4M | — |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.3B | $1.4B |
| 总资产 | $3.1B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.82× | — |
8季度趋势，按日历期对齐
现金及短期投资MBCPIPR
| Q1 26 | $138.4M | — | ||
| Q4 25 | $183.3M | — | ||
| Q3 25 | $114.8M | — | ||
| Q2 25 | $120.1M | — | ||
| Q1 25 | $113.5M | — | ||
| Q4 24 | $120.6M | — | ||
| Q3 24 | $108.4M | — | ||
| Q2 24 | $189.4M | — |
总债务MBCPIPR
| Q1 26 | $1.1B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | — | — |
股东权益MBCPIPR
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.1B |
总资产MBCPIPR
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | $2.6B | ||
| Q3 25 | $3.0B | $2.2B | ||
| Q2 25 | $3.0B | $2.0B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $3.0B | $2.0B | ||
| Q2 24 | $2.4B | $1.9B |
负债/权益比MBCPIPR
| Q1 26 | 0.82× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | — | — |
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 | $-133.0M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $-146.2M | — |
| 自由现金流率自由现金流/营收 | -23.7% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 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 | $12.5M | — |
8季度趋势，按日历期对齐
经营现金流MBCPIPR
| Q1 26 | $-133.0M | — | ||
| Q4 25 | $86.9M | $729.8M | ||
| Q3 25 | $55.4M | $31.9M | ||
| Q2 25 | $84.8M | $32.1M | ||
| Q1 25 | $-31.4M | $-207.2M | ||
| Q4 24 | $115.1M | $163.8M | ||
| Q3 24 | $80.8M | $80.1M | ||
| Q2 24 | $77.4M | $266.5M |
自由现金流MBCPIPR
| Q1 26 | $-146.2M | — | ||
| Q4 25 | $52.5M | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $66.7M | — | ||
| Q1 25 | $-41.2M | — | ||
| Q4 24 | $68.8M | — | ||
| Q3 24 | $64.5M | — | ||
| Q2 24 | $66.1M | — |
自由现金流率MBCPIPR
| Q1 26 | -23.7% | — | ||
| Q4 25 | 8.1% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | -6.2% | — | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 9.8% | — |
资本支出强度MBCPIPR
| Q1 26 | 2.1% | — | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 1.7% | — |
现金转化率MBCPIPR
| Q1 26 | — | — | ||
| Q4 25 | — | 6.40× | ||
| Q3 25 | 3.06× | 0.53× | ||
| Q2 25 | 2.27× | 0.76× | ||
| Q1 25 | -2.36× | -3.19× | ||
| Q4 24 | 8.22× | 2.37× | ||
| Q3 24 | 2.78× | 2.30× | ||
| Q2 24 | 1.71× | 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
MBC
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% |
