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PIPER SANDLER COMPANIES（PIPR）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是PIPER SANDLER COMPANIES的1.8倍（$1.2B vs $667.0M），先锋自然资源公司净利率更高（29.0% vs 17.1%，领先11.9%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -9.8%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
PIPR vs PR — 直观对比
营收规模更大
PR
是对方的1.8倍
$667.0M
营收增速更快
PIPR
高出47.2%
-9.8%
净利率更高
PR
高出11.9%
17.1%
两年增速更快
PIPR
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $667.0M | $1.2B |
| 净利润 | $114.0M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | 28.3% | 23.1% |
| 净利率 | 17.1% | 29.0% |
| 营收同比 | 37.4% | -9.8% |
| 净利润同比 | 65.0% | 56.7% |
| 每股收益（稀释后） | $6.41 | $0.48 |
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PIPRPR
| Q4 25 | $667.0M | $1.2B | ||
| Q3 25 | $480.1M | $1.3B | ||
| Q2 25 | $398.6M | $1.2B | ||
| Q1 25 | $358.6M | $1.4B | ||
| Q4 24 | $485.4M | $1.3B | ||
| Q3 24 | $360.9M | $1.2B | ||
| Q2 24 | $340.8M | $1.2B | ||
| Q1 24 | $344.4M | $1.2B |
净利润PIPRPR
| Q4 25 | $114.0M | $339.5M | ||
| Q3 25 | $60.3M | $59.2M | ||
| Q2 25 | $42.2M | $207.1M | ||
| Q1 25 | $64.9M | $329.3M | ||
| Q4 24 | $69.1M | $216.7M | ||
| Q3 24 | $34.8M | $386.4M | ||
| Q2 24 | $34.8M | $235.1M | ||
| Q1 24 | $42.5M | $146.6M |
营业利润率PIPRPR
| Q4 25 | 28.3% | 23.1% | ||
| Q3 25 | 22.4% | 29.6% | ||
| Q2 25 | 12.3% | 24.8% | ||
| Q1 25 | 8.2% | 36.6% | ||
| Q4 24 | 16.9% | 32.8% | ||
| Q3 24 | 15.4% | 32.5% | ||
| Q2 24 | 8.3% | 36.5% | ||
| Q1 24 | 15.2% | 37.7% |
净利率PIPRPR
| Q4 25 | 17.1% | 29.0% | ||
| Q3 25 | 12.6% | 4.5% | ||
| Q2 25 | 10.6% | 17.3% | ||
| Q1 25 | 18.1% | 23.9% | ||
| Q4 24 | 14.2% | 16.7% | ||
| Q3 24 | 9.6% | 31.8% | ||
| Q2 24 | 10.2% | 18.9% | ||
| Q1 24 | 12.3% | 11.8% |
每股收益（稀释后）PIPRPR
| Q4 25 | $6.41 | $0.48 | ||
| Q3 25 | $3.38 | $0.08 | ||
| Q2 25 | $2.38 | $0.28 | ||
| Q1 25 | $3.65 | $0.44 | ||
| Q4 24 | $3.88 | $0.31 | ||
| Q3 24 | $1.96 | $0.53 | ||
| Q2 24 | $1.97 | $0.36 | ||
| Q1 24 | $2.43 | $0.25 |
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 | — | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $1.4B | $10.3B |
| 总资产 | $2.6B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资PIPRPR
| Q4 25 | — | $153.7M | ||
| Q3 25 | — | $111.8M | ||
| Q2 25 | — | $451.0M | ||
| Q1 25 | — | $702.2M | ||
| Q4 24 | — | $479.3M | ||
| Q3 24 | — | $272.0M | ||
| Q2 24 | — | $47.8M | ||
| Q1 24 | — | $12.7M |
总债务PIPRPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益PIPRPR
| Q4 25 | $1.4B | $10.3B | ||
| Q3 25 | $1.3B | $10.0B | ||
| Q2 25 | $1.2B | $9.5B | ||
| Q1 25 | $1.2B | $9.4B | ||
| Q4 24 | $1.2B | $9.1B | ||
| Q3 24 | $1.2B | $9.0B | ||
| Q2 24 | $1.1B | $8.3B | ||
| Q1 24 | $1.1B | $7.0B |
总资产PIPRPR
| Q4 25 | $2.6B | $17.9B | ||
| Q3 25 | $2.2B | $17.3B | ||
| Q2 25 | $2.0B | $17.5B | ||
| Q1 25 | $1.8B | $17.1B | ||
| Q4 24 | $2.3B | $16.9B | ||
| Q3 24 | $2.0B | $16.6B | ||
| Q2 24 | $1.9B | $15.4B | ||
| Q1 24 | $1.8B | $15.1B |
负债/权益比PIPRPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $729.8M | $904.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 6.40× | 2.66× |
| 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PIPRPR
| Q4 25 | $729.8M | $904.3M | ||
| Q3 25 | $31.9M | $766.5M | ||
| Q2 25 | $32.1M | $1.0B | ||
| Q1 25 | $-207.2M | $898.0M | ||
| Q4 24 | $163.8M | $871.6M | ||
| Q3 24 | $80.1M | $954.4M | ||
| Q2 24 | $266.5M | $938.4M | ||
| Q1 24 | $-197.2M | $647.6M |
现金转化率PIPRPR
| Q4 25 | 6.40× | 2.66× | ||
| Q3 25 | 0.53× | 12.94× | ||
| Q2 25 | 0.76× | 5.01× | ||
| Q1 25 | -3.19× | 2.73× | ||
| Q4 24 | 2.37× | 4.02× | ||
| Q3 24 | 2.30× | 2.47× | ||
| Q2 24 | 7.66× | 3.99× | ||
| Q1 24 | -4.64× | 4.42× |
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
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
