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PIPER SANDLER COMPANIES（PIPR）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是PIPER SANDLER COMPANIES的1.6倍（$1.0B vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 2.4%，领先14.7%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 9.6%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 16.9%）
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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
PIPR vs RIG — 直观对比
营收规模更大
RIG
是对方的1.6倍
$667.0M
营收增速更快
PIPR
高出27.9%
9.6%
净利率更高
PIPR
高出14.7%
2.4%
两年增速更快
PIPR
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $667.0M | $1.0B |
| 净利润 | $114.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 28.3% | 23.0% |
| 净利率 | 17.1% | 2.4% |
| 营收同比 | 37.4% | 9.6% |
| 净利润同比 | 65.0% | 257.1% |
| 每股收益（稀释后） | $6.41 | $0.13 |
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PIPRRIG
| Q4 25 | $667.0M | $1.0B | ||
| Q3 25 | $480.1M | $1.0B | ||
| Q2 25 | $398.6M | $988.0M | ||
| Q1 25 | $358.6M | $906.0M | ||
| Q4 24 | $485.4M | $952.0M | ||
| Q3 24 | $360.9M | $948.0M | ||
| Q2 24 | $340.8M | $861.0M | ||
| Q1 24 | $344.4M | $763.0M |
净利润PIPRRIG
| Q4 25 | $114.0M | $25.0M | ||
| Q3 25 | $60.3M | $-1.9B | ||
| Q2 25 | $42.2M | $-938.0M | ||
| Q1 25 | $64.9M | $-79.0M | ||
| Q4 24 | $69.1M | $7.0M | ||
| Q3 24 | $34.8M | $-494.0M | ||
| Q2 24 | $34.8M | $-123.0M | ||
| Q1 24 | $42.5M | $98.0M |
毛利率PIPRRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 31.5% |
营业利润率PIPRRIG
| Q4 25 | 28.3% | 23.0% | ||
| Q3 25 | 22.4% | -163.1% | ||
| Q2 25 | 12.3% | -97.6% | ||
| Q1 25 | 8.2% | 7.1% | ||
| Q4 24 | 16.9% | 13.7% | ||
| Q3 24 | 15.4% | -51.2% | ||
| Q2 24 | 8.3% | -6.9% | ||
| Q1 24 | 15.2% | -0.4% |
净利率PIPRRIG
| Q4 25 | 17.1% | 2.4% | ||
| Q3 25 | 12.6% | -187.1% | ||
| Q2 25 | 10.6% | -94.9% | ||
| Q1 25 | 18.1% | -8.7% | ||
| Q4 24 | 14.2% | 0.7% | ||
| Q3 24 | 9.6% | -52.1% | ||
| Q2 24 | 10.2% | -14.3% | ||
| Q1 24 | 12.3% | 12.8% |
每股收益（稀释后）PIPRRIG
| Q4 25 | $6.41 | $0.13 | ||
| Q3 25 | $3.38 | $-2.00 | ||
| Q2 25 | $2.38 | $-1.06 | ||
| Q1 25 | $3.65 | $-0.11 | ||
| Q4 24 | $3.88 | $-0.14 | ||
| Q3 24 | $1.96 | $-0.58 | ||
| Q2 24 | $1.97 | $-0.15 | ||
| Q1 24 | $2.43 | $0.11 |
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 | — | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $1.4B | $8.1B |
| 总资产 | $2.6B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资PIPRRIG
| Q4 25 | — | $620.0M | ||
| Q3 25 | — | $833.0M | ||
| Q2 25 | — | $377.0M | ||
| Q1 25 | — | $263.0M | ||
| Q4 24 | — | $560.0M | ||
| Q3 24 | — | $435.0M | ||
| Q2 24 | — | $475.0M | ||
| Q1 24 | — | $446.0M |
总债务PIPRRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益PIPRRIG
| Q4 25 | $1.4B | $8.1B | ||
| Q3 25 | $1.3B | $8.1B | ||
| Q2 25 | $1.2B | $9.4B | ||
| Q1 25 | $1.2B | $10.2B | ||
| Q4 24 | $1.2B | $10.3B | ||
| Q3 24 | $1.2B | $10.2B | ||
| Q2 24 | $1.1B | $10.7B | ||
| Q1 24 | $1.1B | $10.5B |
总资产PIPRRIG
| Q4 25 | $2.6B | $15.6B | ||
| Q3 25 | $2.2B | $16.2B | ||
| Q2 25 | $2.0B | $17.8B | ||
| Q1 25 | $1.8B | $19.0B | ||
| Q4 24 | $2.3B | $19.4B | ||
| Q3 24 | $2.0B | $19.5B | ||
| Q2 24 | $1.9B | $20.3B | ||
| Q1 24 | $1.8B | $19.9B |
负债/权益比PIPRRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | — | $321.0M |
| 自由现金流率自由现金流/营收 | — | 30.8% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | 6.40× | 13.96× |
| 过去12个月自由现金流最近4个季度 | — | $626.0M |
8季度趋势，按日历期对齐
经营现金流PIPRRIG
| Q4 25 | $729.8M | $349.0M | ||
| Q3 25 | $31.9M | $246.0M | ||
| Q2 25 | $32.1M | $128.0M | ||
| Q1 25 | $-207.2M | $26.0M | ||
| Q4 24 | $163.8M | $206.0M | ||
| Q3 24 | $80.1M | $194.0M | ||
| Q2 24 | $266.5M | $133.0M | ||
| Q1 24 | $-197.2M | $-86.0M |
自由现金流PIPRRIG
| Q4 25 | — | $321.0M | ||
| Q3 25 | — | $235.0M | ||
| Q2 25 | — | $104.0M | ||
| Q1 25 | — | $-34.0M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | — | $136.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $-169.0M |
自由现金流率PIPRRIG
| Q4 25 | — | 30.8% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | -3.8% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | -22.1% |
资本支出强度PIPRRIG
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 10.9% |
现金转化率PIPRRIG
| Q4 25 | 6.40× | 13.96× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | -3.19× | — | ||
| Q4 24 | 2.37× | 29.43× | ||
| Q3 24 | 2.30× | — | ||
| Q2 24 | 7.66× | — | ||
| Q1 24 | -4.64× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
