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Natural Grocers by Vitamin Cottage, Inc.（NGVC）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Natural Grocers by Vitamin Cottage, Inc.的2.0倍（$667.0M vs $335.6M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 3.4%，领先13.7%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 1.6%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 4.4%）
Natural Grocers by Vitamin Cottage, Inc.是美国本土的特色零售连锁企业，主营认证有机食品、膳食补充剂、天然个护及环保家居类产品，面向健康意识较强的消费群体，门店覆盖美国多州，执行严格品控标准，拒绝售卖含人工添加剂的商品。
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。
NGVC vs PIPR — 直观对比
营收规模更大
PIPR
是对方的2.0倍
$335.6M
营收增速更快
PIPR
高出35.8%
1.6%
净利率更高
PIPR
高出13.7%
3.4%
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 | $335.6M | $667.0M |
| 净利润 | $11.3M | $114.0M |
| 毛利率 | 29.5% | — |
| 营业利润率 | 4.4% | 28.3% |
| 净利率 | 3.4% | 17.1% |
| 营收同比 | 1.6% | 37.4% |
| 净利润同比 | 14.0% | 65.0% |
| 每股收益（稀释后） | $0.49 | $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NGVCPIPR
| Q4 25 | $335.6M | $667.0M | ||
| Q3 25 | $336.1M | $480.1M | ||
| Q2 25 | $328.7M | $398.6M | ||
| Q1 25 | $335.8M | $358.6M | ||
| Q4 24 | $330.2M | $485.4M | ||
| Q3 24 | $322.7M | $360.9M | ||
| Q2 24 | $309.1M | $340.8M | ||
| Q1 24 | $308.1M | $344.4M |
净利润NGVCPIPR
| Q4 25 | $11.3M | $114.0M | ||
| Q3 25 | $11.8M | $60.3M | ||
| Q2 25 | $11.6M | $42.2M | ||
| Q1 25 | $13.1M | $64.9M | ||
| Q4 24 | $9.9M | $69.1M | ||
| Q3 24 | $9.0M | $34.8M | ||
| Q2 24 | $9.2M | $34.8M | ||
| Q1 24 | $8.0M | $42.5M |
毛利率NGVCPIPR
| Q4 25 | 29.5% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 29.9% | — | ||
| Q1 25 | 30.3% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 29.2% | — | ||
| Q1 24 | 29.3% | — |
营业利润率NGVCPIPR
| Q4 25 | 4.4% | 28.3% | ||
| Q3 25 | 4.6% | 22.4% | ||
| Q2 25 | 4.7% | 12.3% | ||
| Q1 25 | 5.2% | 8.2% | ||
| Q4 24 | 4.0% | 16.9% | ||
| Q3 24 | 3.7% | 15.4% | ||
| Q2 24 | 4.2% | 8.3% | ||
| Q1 24 | 3.7% | 15.2% |
净利率NGVCPIPR
| Q4 25 | 3.4% | 17.1% | ||
| Q3 25 | 3.5% | 12.6% | ||
| Q2 25 | 3.5% | 10.6% | ||
| Q1 25 | 3.9% | 18.1% | ||
| Q4 24 | 3.0% | 14.2% | ||
| Q3 24 | 2.8% | 9.6% | ||
| Q2 24 | 3.0% | 10.2% | ||
| Q1 24 | 2.6% | 12.3% |
每股收益（稀释后）NGVCPIPR
| Q4 25 | $0.49 | $6.41 | ||
| Q3 25 | $0.51 | $3.38 | ||
| Q2 25 | $0.50 | $2.38 | ||
| Q1 25 | $0.56 | $3.65 | ||
| Q4 24 | $0.43 | $3.88 | ||
| Q3 24 | $0.38 | $1.96 | ||
| Q2 24 | $0.40 | $1.97 | ||
| Q1 24 | $0.35 | $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 | $23.2M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $220.0M | $1.4B |
| 总资产 | $668.6M | $2.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NGVCPIPR
| Q4 25 | $23.2M | — | ||
| Q3 25 | $17.1M | — | ||
| Q2 25 | $13.2M | — | ||
| Q1 25 | $21.2M | — | ||
| Q4 24 | $6.3M | — | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $13.9M | — | ||
| Q1 24 | $11.0M | — |
股东权益NGVCPIPR
| Q4 25 | $220.0M | $1.4B | ||
| Q3 25 | $212.4M | $1.3B | ||
| Q2 25 | $202.5M | $1.2B | ||
| Q1 25 | $193.0M | $1.2B | ||
| Q4 24 | $181.9M | $1.2B | ||
| Q3 24 | $174.3M | $1.2B | ||
| Q2 24 | $167.8M | $1.1B | ||
| Q1 24 | $160.0M | $1.1B |
总资产NGVCPIPR
| Q4 25 | $668.6M | $2.6B | ||
| Q3 25 | $670.5M | $2.2B | ||
| Q2 25 | $659.0M | $2.0B | ||
| Q1 25 | $664.6M | $1.8B | ||
| Q4 24 | $648.9M | $2.3B | ||
| Q3 24 | $655.5M | $2.0B | ||
| Q2 24 | $654.4M | $1.9B | ||
| Q1 24 | $656.6M | $1.8B |
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 | $21.1M | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | 1.86× | 6.40× |
| 过去12个月自由现金流最近4个季度 | $42.6M | — |
8季度趋势，按日历期对齐
经营现金流NGVCPIPR
| Q4 25 | $21.1M | $729.8M | ||
| Q3 25 | $15.6M | $31.9M | ||
| Q2 25 | $2.9M | $32.1M | ||
| Q1 25 | $34.1M | $-207.2M | ||
| Q4 24 | $2.7M | $163.8M | ||
| Q3 24 | $24.5M | $80.1M | ||
| Q2 24 | $12.4M | $266.5M | ||
| Q1 24 | $20.2M | $-197.2M |
自由现金流NGVCPIPR
| Q4 25 | $11.6M | — | ||
| Q3 25 | $7.5M | — | ||
| Q2 25 | $-4.2M | — | ||
| Q1 25 | $27.6M | — | ||
| Q4 24 | $-6.9M | — | ||
| Q3 24 | $18.0M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $9.8M | — |
自由现金流率NGVCPIPR
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | -1.3% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 3.2% | — |
资本支出强度NGVCPIPR
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 3.4% | — |
现金转化率NGVCPIPR
| Q4 25 | 1.86× | 6.40× | ||
| Q3 25 | 1.32× | 0.53× | ||
| Q2 25 | 0.25× | 0.76× | ||
| Q1 25 | 2.60× | -3.19× | ||
| Q4 24 | 0.27× | 2.37× | ||
| Q3 24 | 2.72× | 2.30× | ||
| Q2 24 | 1.35× | 7.66× | ||
| Q1 24 | 2.54× | -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
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
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% |
