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MSC INDUSTRIAL DIRECT CO INC（MSM）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
MSC INDUSTRIAL DIRECT CO INC的季度营收约是PIPER SANDLER COMPANIES的1.4倍（$965.7M vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 5.4%，领先11.7%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 4.0%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -3.4%）
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
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。
MSM vs PIPR — 直观对比
营收规模更大
MSM
是对方的1.4倍
$667.0M
营收增速更快
PIPR
高出33.4%
4.0%
净利率更高
PIPR
高出11.7%
5.4%
两年增速更快
PIPR
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $667.0M |
| 净利润 | $51.8M | $114.0M |
| 毛利率 | 40.7% | — |
| 营业利润率 | 7.9% | 28.3% |
| 净利率 | 5.4% | 17.1% |
| 营收同比 | 4.0% | 37.4% |
| 净利润同比 | 11.1% | 65.0% |
| 每股收益（稀释后） | $0.93 | $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MSMPIPR
| Q4 25 | $965.7M | $667.0M | ||
| Q3 25 | $978.2M | $480.1M | ||
| Q2 25 | $971.1M | $398.6M | ||
| Q1 25 | — | $358.6M | ||
| Q4 24 | $928.5M | $485.4M | ||
| Q3 24 | — | $360.9M | ||
| Q2 24 | $979.4M | $340.8M | ||
| Q1 24 | $935.3M | $344.4M |
净利润MSMPIPR
| Q4 25 | $51.8M | $114.0M | ||
| Q3 25 | $56.5M | $60.3M | ||
| Q2 25 | $56.8M | $42.2M | ||
| Q1 25 | — | $64.9M | ||
| Q4 24 | $46.6M | $69.1M | ||
| Q3 24 | — | $34.8M | ||
| Q2 24 | $71.7M | $34.8M | ||
| Q1 24 | $61.8M | $42.5M |
毛利率MSMPIPR
| Q4 25 | 40.7% | — | ||
| Q3 25 | 40.4% | — | ||
| Q2 25 | 41.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.5% | — |
营业利润率MSMPIPR
| Q4 25 | 7.9% | 28.3% | ||
| Q3 25 | 8.6% | 22.4% | ||
| Q2 25 | 8.5% | 12.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | 7.8% | 16.9% | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | 10.9% | 8.3% | ||
| Q1 24 | 9.7% | 15.2% |
净利率MSMPIPR
| Q4 25 | 5.4% | 17.1% | ||
| Q3 25 | 5.8% | 12.6% | ||
| Q2 25 | 5.9% | 10.6% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | 5.0% | 14.2% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | 7.3% | 10.2% | ||
| Q1 24 | 6.6% | 12.3% |
每股收益（稀释后）MSMPIPR
| Q4 25 | $0.93 | $6.41 | ||
| Q3 25 | $1.02 | $3.38 | ||
| Q2 25 | $1.02 | $2.38 | ||
| Q1 25 | — | $3.65 | ||
| Q4 24 | $0.83 | $3.88 | ||
| Q3 24 | — | $1.96 | ||
| Q2 24 | $1.27 | $1.97 | ||
| Q1 24 | $1.10 | $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 | $40.3M | — |
| 总债务越低越好 | $214.1M | — |
| 股东权益账面价值 | $1.4B | $1.4B |
| 总资产 | $2.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资MSMPIPR
| Q4 25 | $40.3M | — | ||
| Q3 25 | $56.2M | — | ||
| Q2 25 | $71.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $57.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $25.9M | — | ||
| Q1 24 | $22.2M | — |
总债务MSMPIPR
| Q4 25 | $214.1M | — | ||
| Q3 25 | $168.8M | — | ||
| Q2 25 | $285.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $289.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $299.8M | — | ||
| Q1 24 | $294.5M | — |
股东权益MSMPIPR
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
总资产MSMPIPR
| Q4 25 | $2.5B | $2.6B | ||
| Q3 25 | $2.5B | $2.2B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | $2.5B | $1.9B | ||
| Q1 24 | $2.5B | $1.8B |
负债/权益比MSMPIPR
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.21× | — |
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 | $29.4M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | — |
| 自由现金流率自由现金流/营收 | 0.8% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 0.57× | 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MSMPIPR
| Q4 25 | $29.4M | $729.8M | ||
| Q3 25 | — | $31.9M | ||
| Q2 25 | $151.6M | $32.1M | ||
| Q1 25 | — | $-207.2M | ||
| Q4 24 | $101.9M | $163.8M | ||
| Q3 24 | — | $80.1M | ||
| Q2 24 | $143.5M | $266.5M | ||
| Q1 24 | $78.7M | $-197.2M |
自由现金流MSMPIPR
| Q4 25 | $7.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $100.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $81.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $114.0M | — | ||
| Q1 24 | $53.4M | — |
自由现金流率MSMPIPR
| Q4 25 | 0.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 5.7% | — |
资本支出强度MSMPIPR
| Q4 25 | 2.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.7% | — |
现金转化率MSMPIPR
| Q4 25 | 0.57× | 6.40× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | 2.67× | 0.76× | ||
| Q1 25 | — | -3.19× | ||
| Q4 24 | 2.18× | 2.37× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | 2.00× | 7.66× | ||
| Q1 24 | 1.27× | -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
MSM
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% |
