vs
PIPER SANDLER COMPANIES（PIPR）与RBC Bearings INC（RBC）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RBC Bearings INC的1.4倍（$667.0M vs $461.6M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 14.6%，领先2.5%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 17.0%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
PIPR vs RBC — 直观对比
营收规模更大
PIPR
是对方的1.4倍
$461.6M
营收增速更快
PIPR
高出20.4%
17.0%
净利率更高
PIPR
高出2.5%
14.6%
两年增速更快
PIPR
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $667.0M | $461.6M |
| 净利润 | $114.0M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 28.3% | 22.3% |
| 净利率 | 17.1% | 14.6% |
| 营收同比 | 37.4% | 17.0% |
| 净利润同比 | 65.0% | 16.4% |
| 每股收益（稀释后） | $6.41 | $2.13 |
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PIPRRBC
| Q4 25 | $667.0M | $461.6M | ||
| Q3 25 | $480.1M | $455.3M | ||
| Q2 25 | $398.6M | $436.0M | ||
| Q1 25 | $358.6M | $437.7M | ||
| Q4 24 | $485.4M | $394.4M | ||
| Q3 24 | $360.9M | $397.9M | ||
| Q2 24 | $340.8M | $406.3M | ||
| Q1 24 | $344.4M | $413.7M |
净利润PIPRRBC
| Q4 25 | $114.0M | $67.4M | ||
| Q3 25 | $60.3M | $60.0M | ||
| Q2 25 | $42.2M | $68.5M | ||
| Q1 25 | $64.9M | $72.7M | ||
| Q4 24 | $69.1M | $57.9M | ||
| Q3 24 | $34.8M | $54.2M | ||
| Q2 24 | $34.8M | $61.4M | ||
| Q1 24 | $42.5M | — |
毛利率PIPRRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率PIPRRBC
| Q4 25 | 28.3% | 22.3% | ||
| Q3 25 | 22.4% | 21.5% | ||
| Q2 25 | 12.3% | 23.2% | ||
| Q1 25 | 8.2% | 23.0% | ||
| Q4 24 | 16.9% | 21.7% | ||
| Q3 24 | 15.4% | 21.6% | ||
| Q2 24 | 8.3% | 24.0% | ||
| Q1 24 | 15.2% | 22.8% |
净利率PIPRRBC
| Q4 25 | 17.1% | 14.6% | ||
| Q3 25 | 12.6% | 13.2% | ||
| Q2 25 | 10.6% | 15.7% | ||
| Q1 25 | 18.1% | 16.6% | ||
| Q4 24 | 14.2% | 14.7% | ||
| Q3 24 | 9.6% | 13.6% | ||
| Q2 24 | 10.2% | 15.1% | ||
| Q1 24 | 12.3% | — |
每股收益（稀释后）PIPRRBC
| Q4 25 | $6.41 | $2.13 | ||
| Q3 25 | $3.38 | $1.90 | ||
| Q2 25 | $2.38 | $2.17 | ||
| Q1 25 | $3.65 | $2.33 | ||
| Q4 24 | $3.88 | $1.82 | ||
| Q3 24 | $1.96 | $1.65 | ||
| Q2 24 | $1.97 | $1.90 | ||
| Q1 24 | $2.43 | $1.92 |
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 | — | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.4B | $3.3B |
| 总资产 | $2.6B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资PIPRRBC
| Q4 25 | — | $107.6M | ||
| Q3 25 | — | $91.2M | ||
| Q2 25 | — | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $76.8M | ||
| Q1 24 | — | $63.5M |
总债务PIPRRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益PIPRRBC
| Q4 25 | $1.4B | $3.3B | ||
| Q3 25 | $1.3B | $3.2B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $2.9B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $1.1B | $2.8B |
总资产PIPRRBC
| Q4 25 | $2.6B | $5.1B | ||
| Q3 25 | $2.2B | $5.1B | ||
| Q2 25 | $2.0B | $4.8B | ||
| Q1 25 | $1.8B | $4.7B | ||
| Q4 24 | $2.3B | $4.7B | ||
| Q3 24 | $2.0B | $4.7B | ||
| Q2 24 | $1.9B | $4.7B | ||
| Q1 24 | $1.8B | $4.7B |
负债/权益比PIPRRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | 6.40× | 1.81× |
| 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PIPRRBC
| Q4 25 | $729.8M | $122.1M | ||
| Q3 25 | $31.9M | $88.4M | ||
| Q2 25 | $32.1M | $120.0M | ||
| Q1 25 | $-207.2M | — | ||
| Q4 24 | $163.8M | $84.0M | ||
| Q3 24 | $80.1M | — | ||
| Q2 24 | $266.5M | $97.4M | ||
| Q1 24 | $-197.2M | — |
自由现金流PIPRRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率PIPRRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度PIPRRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率PIPRRBC
| Q4 25 | 6.40× | 1.81× | ||
| Q3 25 | 0.53× | 1.47× | ||
| Q2 25 | 0.76× | 1.75× | ||
| Q1 25 | -3.19× | — | ||
| Q4 24 | 2.37× | 1.45× | ||
| Q3 24 | 2.30× | — | ||
| Q2 24 | 7.66× | 1.59× | ||
| Q1 24 | -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
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
