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PIPER SANDLER COMPANIES（PIPR）与Regency Centers（REG）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Regency Centers的1.7倍（$667.0M vs $404.2M），Regency Centers净利率更高（50.1% vs 17.1%，领先33.0%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 8.5%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 5.4%）
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。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
PIPR vs REG — 直观对比
营收规模更大
PIPR
是对方的1.7倍
$404.2M
营收增速更快
PIPR
高出28.9%
8.5%
净利率更高
REG
高出33.0%
17.1%
两年增速更快
PIPR
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $667.0M | $404.2M |
| 净利润 | $114.0M | $202.5M |
| 毛利率 | — | — |
| 营业利润率 | 28.3% | 71.0% |
| 净利率 | 17.1% | 50.1% |
| 营收同比 | 37.4% | 8.5% |
| 净利润同比 | 65.0% | 134.1% |
| 每股收益（稀释后） | $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PIPRREG
| Q4 25 | $667.0M | $404.2M | ||
| Q3 25 | $480.1M | $387.6M | ||
| Q2 25 | $398.6M | $380.8M | ||
| Q1 25 | $358.6M | $380.9M | ||
| Q4 24 | $485.4M | $372.5M | ||
| Q3 24 | $360.9M | $360.3M | ||
| Q2 24 | $340.8M | $357.3M | ||
| Q1 24 | $344.4M | $363.9M |
净利润PIPRREG
| Q4 25 | $114.0M | $202.5M | ||
| Q3 25 | $60.3M | $109.4M | ||
| Q2 25 | $42.2M | $106.0M | ||
| Q1 25 | $64.9M | $109.6M | ||
| Q4 24 | $69.1M | $86.5M | ||
| Q3 24 | $34.8M | $101.5M | ||
| Q2 24 | $34.8M | $102.7M | ||
| Q1 24 | $42.5M | $109.8M |
营业利润率PIPRREG
| Q4 25 | 28.3% | 71.0% | ||
| Q3 25 | 22.4% | 72.7% | ||
| Q2 25 | 12.3% | 73.8% | ||
| Q1 25 | 8.2% | 71.8% | ||
| Q4 24 | 16.9% | 71.1% | ||
| Q3 24 | 15.4% | 72.5% | ||
| Q2 24 | 8.3% | 72.3% | ||
| Q1 24 | 15.2% | 72.3% |
净利率PIPRREG
| Q4 25 | 17.1% | 50.1% | ||
| Q3 25 | 12.6% | 28.2% | ||
| Q2 25 | 10.6% | 27.8% | ||
| Q1 25 | 18.1% | 28.8% | ||
| Q4 24 | 14.2% | 23.2% | ||
| Q3 24 | 9.6% | 28.2% | ||
| Q2 24 | 10.2% | 28.7% | ||
| Q1 24 | 12.3% | 30.2% |
每股收益（稀释后）PIPRREG
| Q4 25 | $6.41 | — | ||
| Q3 25 | $3.38 | — | ||
| Q2 25 | $2.38 | — | ||
| Q1 25 | $3.65 | — | ||
| Q4 24 | $3.88 | — | ||
| Q3 24 | $1.96 | — | ||
| Q2 24 | $1.97 | — | ||
| Q1 24 | $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 | — | — |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $1.4B | $6.9B |
| 总资产 | $2.6B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
总债务PIPRREG
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.4B |
股东权益PIPRREG
| Q4 25 | $1.4B | $6.9B | ||
| Q3 25 | $1.3B | $6.8B | ||
| Q2 25 | $1.2B | $6.7B | ||
| Q1 25 | $1.2B | $6.7B | ||
| Q4 24 | $1.2B | $6.7B | ||
| Q3 24 | $1.2B | $6.8B | ||
| Q2 24 | $1.1B | $6.8B | ||
| Q1 24 | $1.1B | $7.0B |
总资产PIPRREG
| Q4 25 | $2.6B | $13.0B | ||
| Q3 25 | $2.2B | $13.1B | ||
| Q2 25 | $2.0B | $12.7B | ||
| Q1 25 | $1.8B | $12.6B | ||
| Q4 24 | $2.3B | $12.4B | ||
| Q3 24 | $2.0B | $12.4B | ||
| Q2 24 | $1.9B | $12.4B | ||
| Q1 24 | $1.8B | $12.7B |
负债/权益比PIPRREG
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.63× |
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 | $203.9M |
| 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× | 1.01× |
| 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PIPRREG
| Q4 25 | $729.8M | $203.9M | ||
| Q3 25 | $31.9M | $218.7M | ||
| Q2 25 | $32.1M | $244.0M | ||
| Q1 25 | $-207.2M | $161.0M | ||
| Q4 24 | $163.8M | $191.4M | ||
| Q3 24 | $80.1M | $227.6M | ||
| Q2 24 | $266.5M | $203.5M | ||
| Q1 24 | $-197.2M | $167.8M |
现金转化率PIPRREG
| Q4 25 | 6.40× | 1.01× | ||
| Q3 25 | 0.53× | 2.00× | ||
| Q2 25 | 0.76× | 2.30× | ||
| Q1 25 | -3.19× | 1.47× | ||
| Q4 24 | 2.37× | 2.21× | ||
| Q3 24 | 2.30× | 2.24× | ||
| Q2 24 | 7.66× | 1.98× | ||
| Q1 24 | -4.64× | 1.53× |
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% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
