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北极星（PII）与STIFEL FINANCIAL CORP（SF）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是STIFEL FINANCIAL CORP的1.5倍（$1.7B vs $1.1B），STIFEL FINANCIAL CORP净利率更高（23.5% vs -2.8%，领先26.3%），STIFEL FINANCIAL CORP同比增速更快（23.0% vs 8.0%），STIFEL FINANCIAL CORP自由现金流更多（$369.0M vs $-342.5M），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（21.1% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
PII vs SF — 直观对比
营收规模更大
PII
是对方的1.5倍
$1.1B
营收增速更快
SF
高出15.0%
8.0%
净利率更高
SF
高出26.3%
-2.8%
自由现金流更多
SF
多$711.5M
$-342.5M
两年增速更快
SF
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.1B |
| 净利润 | $-47.2M | $264.4M |
| 毛利率 | 20.2% | — |
| 营业利润率 | — | 27.3% |
| 净利率 | -2.8% | 23.5% |
| 营收同比 | 8.0% | 23.0% |
| 净利润同比 | 29.2% | 8.3% |
| 每股收益（稀释后） | $-0.83 | $2.30 |
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PIISF
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.8B | $962.6M | ||
| Q2 25 | $1.9B | $838.9M | ||
| Q1 25 | $1.5B | $842.5M | ||
| Q4 24 | $1.8B | $916.0M | ||
| Q3 24 | $1.7B | $810.9M | ||
| Q2 24 | $2.0B | $798.9M |
净利润PIISF
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $264.4M | ||
| Q3 25 | $-15.8M | $211.4M | ||
| Q2 25 | $-79.3M | $155.1M | ||
| Q1 25 | $-66.8M | $53.0M | ||
| Q4 24 | $10.6M | $244.0M | ||
| Q3 24 | $27.7M | $158.5M | ||
| Q2 24 | $68.7M | $165.3M |
毛利率PIISF
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 21.6% | — |
营业利润率PIISF
| Q1 26 | — | — | ||
| Q4 25 | -16.7% | 27.3% | ||
| Q3 25 | 1.1% | 29.7% | ||
| Q2 25 | -0.7% | 25.5% | ||
| Q1 25 | -2.4% | 7.5% | ||
| Q4 24 | 3.7% | 29.1% | ||
| Q3 24 | 3.8% | 26.7% | ||
| Q2 24 | 6.1% | 28.4% |
净利率PIISF
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 23.5% | ||
| Q3 25 | -0.9% | 22.0% | ||
| Q2 25 | -4.3% | 18.5% | ||
| Q1 25 | -4.3% | 6.3% | ||
| Q4 24 | 0.6% | 26.6% | ||
| Q3 24 | 1.6% | 19.5% | ||
| Q2 24 | 3.5% | 20.7% |
每股收益（稀释后）PIISF
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $2.30 | ||
| Q3 25 | $-0.28 | $1.84 | ||
| Q2 25 | $-1.39 | $1.34 | ||
| Q1 25 | $-1.17 | $0.39 | ||
| Q4 24 | $0.18 | $2.10 | ||
| Q3 24 | $0.49 | $1.34 | ||
| Q2 24 | $1.21 | $1.41 |
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 | $282.0M | $2.3B |
| 总债务越低越好 | — | $617.4M |
| 股东权益账面价值 | $750.4M | $6.0B |
| 总资产 | $5.2B | $41.3B |
| 负债/权益比越低杠杆越低 | — | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资PIISF
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $2.3B | ||
| Q3 25 | $335.5M | $3.2B | ||
| Q2 25 | $324.3M | $1.9B | ||
| Q1 25 | $291.7M | $2.7B | ||
| Q4 24 | $287.8M | $2.6B | ||
| Q3 24 | $291.3M | $1.9B | ||
| Q2 24 | $322.7M | $2.6B |
总债务PIISF
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $617.4M | ||
| Q3 25 | $1.3B | $617.2M | ||
| Q2 25 | $1.4B | $617.0M | ||
| Q1 25 | $1.6B | $616.8M | ||
| Q4 24 | $1.6B | $616.6M | ||
| Q3 24 | $1.7B | $616.4M | ||
| Q2 24 | $2.1B | $1.1B |
股东权益PIISF
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $6.0B | ||
| Q3 25 | $1.1B | $5.8B | ||
| Q2 25 | $1.2B | $5.6B | ||
| Q1 25 | $1.2B | $5.5B | ||
| Q4 24 | $1.3B | $5.7B | ||
| Q3 24 | $1.3B | $5.6B | ||
| Q2 24 | $1.3B | $5.4B |
总资产PIISF
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $41.3B | ||
| Q3 25 | $5.3B | $41.7B | ||
| Q2 25 | $5.4B | $39.9B | ||
| Q1 25 | $5.5B | $40.4B | ||
| Q4 24 | $5.5B | $39.9B | ||
| Q3 24 | $5.6B | $38.9B | ||
| Q2 24 | $5.7B | $37.8B |
负债/权益比PIISF
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 0.10× | ||
| Q3 25 | 1.13× | 0.11× | ||
| Q2 25 | 1.17× | 0.11× | ||
| Q1 25 | 1.32× | 0.11× | ||
| Q4 24 | 1.27× | 0.11× | ||
| Q3 24 | 1.29× | 0.11× | ||
| Q2 24 | 1.56× | 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 | — | $382.4M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $369.0M |
| 自由现金流率自由现金流/营收 | -20.6% | 32.7% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.45× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流PIISF
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $382.4M | ||
| Q3 25 | $158.8M | $338.3M | ||
| Q2 25 | $320.3M | $607.5M | ||
| Q1 25 | $83.2M | $-211.2M | ||
| Q4 24 | $206.3M | $694.6M | ||
| Q3 24 | $21.0M | $198.3M | ||
| Q2 24 | $146.3M | $207.2M |
自由现金流PIISF
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $369.0M | ||
| Q3 25 | $116.7M | $321.1M | ||
| Q2 25 | $279.8M | $592.7M | ||
| Q1 25 | $47.6M | $-227.8M | ||
| Q4 24 | $137.3M | $677.2M | ||
| Q3 24 | $-32.4M | $185.6M | ||
| Q2 24 | $79.1M | $173.3M |
自由现金流率PIISF
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 32.7% | ||
| Q3 25 | 6.3% | 33.4% | ||
| Q2 25 | 15.1% | 70.6% | ||
| Q1 25 | 3.1% | -27.0% | ||
| Q4 24 | 7.8% | 73.9% | ||
| Q3 24 | -1.9% | 22.9% | ||
| Q2 24 | 4.0% | 21.7% |
资本支出强度PIISF
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 1.2% | ||
| Q3 25 | 2.3% | 1.8% | ||
| Q2 25 | 2.2% | 1.8% | ||
| Q1 25 | 2.3% | 2.0% | ||
| Q4 24 | 3.9% | 1.9% | ||
| Q3 24 | 3.1% | 1.6% | ||
| Q2 24 | 3.4% | 4.2% |
现金转化率PIISF
| Q1 26 | — | — | ||
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | -3.99× | ||
| Q4 24 | 19.46× | 2.85× | ||
| Q3 24 | 0.76× | 1.25× | ||
| Q2 24 | 2.13× | 1.25× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
