vs
摩丁制造（MOD）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
摩丁制造的季度营收约是PIPER SANDLER COMPANIES的1.2倍（$805.0M vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -5.9%，领先23.0%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 30.5%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 15.5%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
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。
MOD vs PIPR — 直观对比
营收规模更大
MOD
是对方的1.2倍
$667.0M
营收增速更快
PIPR
高出6.9%
30.5%
净利率更高
PIPR
高出23.0%
-5.9%
两年增速更快
PIPR
近两年复合增速
15.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $667.0M |
| 净利润 | $-47.4M | $114.0M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 11.1% | 28.3% |
| 净利率 | -5.9% | 17.1% |
| 营收同比 | 30.5% | 37.4% |
| 净利润同比 | -215.6% | 65.0% |
| 每股收益（稀释后） | $-0.90 | $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MODPIPR
| Q4 25 | $805.0M | $667.0M | ||
| Q3 25 | $738.9M | $480.1M | ||
| Q2 25 | $682.8M | $398.6M | ||
| Q1 25 | $647.2M | $358.6M | ||
| Q4 24 | $616.8M | $485.4M | ||
| Q3 24 | $658.0M | $360.9M | ||
| Q2 24 | $661.5M | $340.8M | ||
| Q1 24 | $603.5M | $344.4M |
净利润MODPIPR
| Q4 25 | $-47.4M | $114.0M | ||
| Q3 25 | $44.4M | $60.3M | ||
| Q2 25 | $51.2M | $42.2M | ||
| Q1 25 | $49.6M | $64.9M | ||
| Q4 24 | $41.0M | $69.1M | ||
| Q3 24 | $46.1M | $34.8M | ||
| Q2 24 | $47.3M | $34.8M | ||
| Q1 24 | $25.8M | $42.5M |
毛利率MODPIPR
| Q4 25 | 23.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 25.6% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.6% | — | ||
| Q1 24 | 22.4% | — |
营业利润率MODPIPR
| Q4 25 | 11.1% | 28.3% | ||
| Q3 25 | 9.9% | 22.4% | ||
| Q2 25 | 11.1% | 12.3% | ||
| Q1 25 | 11.5% | 8.2% | ||
| Q4 24 | 9.6% | 16.9% | ||
| Q3 24 | 11.4% | 15.4% | ||
| Q2 24 | 11.2% | 8.3% | ||
| Q1 24 | 7.8% | 15.2% |
净利率MODPIPR
| Q4 25 | -5.9% | 17.1% | ||
| Q3 25 | 6.0% | 12.6% | ||
| Q2 25 | 7.5% | 10.6% | ||
| Q1 25 | 7.7% | 18.1% | ||
| Q4 24 | 6.6% | 14.2% | ||
| Q3 24 | 7.0% | 9.6% | ||
| Q2 24 | 7.2% | 10.2% | ||
| Q1 24 | 4.3% | 12.3% |
每股收益（稀释后）MODPIPR
| Q4 25 | $-0.90 | $6.41 | ||
| Q3 25 | $0.83 | $3.38 | ||
| Q2 25 | $0.95 | $2.38 | ||
| Q1 25 | $0.92 | $3.65 | ||
| Q4 24 | $0.76 | $3.88 | ||
| Q3 24 | $0.86 | $1.96 | ||
| Q2 24 | $0.88 | $1.97 | ||
| Q1 24 | $0.48 | $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 | $98.7M | — |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $1.4B |
| 总资产 | $2.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MODPIPR
| Q4 25 | $98.7M | — | ||
| Q3 25 | $83.8M | — | ||
| Q2 25 | $124.5M | — | ||
| Q1 25 | $71.6M | — | ||
| Q4 24 | $83.8M | — | ||
| Q3 24 | $78.6M | — | ||
| Q2 24 | $72.9M | — | ||
| Q1 24 | $60.1M | — |
总债务MODPIPR
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | — | ||
| Q1 24 | $399.9M | — |
股东权益MODPIPR
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $910.2M | $1.2B | ||
| Q4 24 | $855.1M | $1.2B | ||
| Q3 24 | $858.8M | $1.2B | ||
| Q2 24 | $788.4M | $1.1B | ||
| Q1 24 | $747.6M | $1.1B |
总资产MODPIPR
| Q4 25 | $2.5B | $2.6B | ||
| Q3 25 | $2.4B | $2.2B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.9B | $2.0B | ||
| Q2 24 | $1.9B | $1.9B | ||
| Q1 24 | $1.9B | $1.8B |
负债/权益比MODPIPR
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.53× | — |
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 | $24.7M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | — |
| 自由现金流率自由现金流/营收 | -2.1% | — |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 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 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODPIPR
| Q4 25 | $24.7M | $729.8M | ||
| Q3 25 | $1.4M | $31.9M | ||
| Q2 25 | $27.7M | $32.1M | ||
| Q1 25 | $54.8M | $-207.2M | ||
| Q4 24 | $60.7M | $163.8M | ||
| Q3 24 | $57.3M | $80.1M | ||
| Q2 24 | $40.5M | $266.5M | ||
| Q1 24 | $39.6M | $-197.2M |
自由现金流MODPIPR
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | — | ||
| Q1 25 | $27.1M | — | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $43.8M | — | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $-4.3M | — |
自由现金流率MODPIPR
| Q4 25 | -2.1% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.7% | — |
资本支出强度MODPIPR
| Q4 25 | 5.2% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 7.3% | — |
现金转化率MODPIPR
| Q4 25 | — | 6.40× | ||
| Q3 25 | 0.03× | 0.53× | ||
| Q2 25 | 0.54× | 0.76× | ||
| Q1 25 | 1.10× | -3.19× | ||
| Q4 24 | 1.48× | 2.37× | ||
| Q3 24 | 1.24× | 2.30× | ||
| Q2 24 | 0.86× | 7.66× | ||
| Q1 24 | 1.53× | -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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
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% |
