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PIPER SANDLER COMPANIES（PIPR）与SAIA INC（SAIA）财务数据对比。点击上方公司名可切换其他公司
SAIA INC的季度营收约是PIPER SANDLER COMPANIES的1.2倍（$790.0M vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 6.0%，领先11.1%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 0.1%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 2.3%）
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。
Saia是美国知名零担货运企业，1924年创立于路易斯安那州霍马。成立最初五十年仅在路易斯安那州和得克萨斯州运营，1980年后逐步向美国南部多州扩张，后续通过同业并购将服务覆盖至36个州，目前位列美国零担承运商前十，年营收超18亿美元。
PIPR vs SAIA — 直观对比
营收规模更大
SAIA
是对方的1.2倍
$667.0M
营收增速更快
PIPR
高出37.3%
0.1%
净利率更高
PIPR
高出11.1%
6.0%
两年增速更快
PIPR
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $667.0M | $790.0M |
| 净利润 | $114.0M | $47.5M |
| 毛利率 | — | — |
| 营业利润率 | 28.3% | 8.1% |
| 净利率 | 17.1% | 6.0% |
| 营收同比 | 37.4% | 0.1% |
| 净利润同比 | 65.0% | -37.6% |
| 每股收益（稀释后） | $6.41 | $1.77 |
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PIPRSAIA
| Q4 25 | $667.0M | $790.0M | ||
| Q3 25 | $480.1M | $839.6M | ||
| Q2 25 | $398.6M | $817.1M | ||
| Q1 25 | $358.6M | $787.6M | ||
| Q4 24 | $485.4M | $789.0M | ||
| Q3 24 | $360.9M | $842.1M | ||
| Q2 24 | $340.8M | $823.2M | ||
| Q1 24 | $344.4M | $754.8M |
净利润PIPRSAIA
| Q4 25 | $114.0M | $47.5M | ||
| Q3 25 | $60.3M | $86.3M | ||
| Q2 25 | $42.2M | $71.4M | ||
| Q1 25 | $64.9M | $49.8M | ||
| Q4 24 | $69.1M | $76.1M | ||
| Q3 24 | $34.8M | $92.7M | ||
| Q2 24 | $34.8M | $102.5M | ||
| Q1 24 | $42.5M | $90.7M |
营业利润率PIPRSAIA
| Q4 25 | 28.3% | 8.1% | ||
| Q3 25 | 22.4% | 14.1% | ||
| Q2 25 | 12.3% | 12.2% | ||
| Q1 25 | 8.2% | 8.9% | ||
| Q4 24 | 16.9% | 12.9% | ||
| Q3 24 | 15.4% | 14.9% | ||
| Q2 24 | 8.3% | 16.7% | ||
| Q1 24 | 15.2% | 15.6% |
净利率PIPRSAIA
| Q4 25 | 17.1% | 6.0% | ||
| Q3 25 | 12.6% | 10.3% | ||
| Q2 25 | 10.6% | 8.7% | ||
| Q1 25 | 18.1% | 6.3% | ||
| Q4 24 | 14.2% | 9.6% | ||
| Q3 24 | 9.6% | 11.0% | ||
| Q2 24 | 10.2% | 12.5% | ||
| Q1 24 | 12.3% | 12.0% |
每股收益（稀释后）PIPRSAIA
| Q4 25 | $6.41 | $1.77 | ||
| Q3 25 | $3.38 | $3.22 | ||
| Q2 25 | $2.38 | $2.67 | ||
| Q1 25 | $3.65 | $1.86 | ||
| Q4 24 | $3.88 | $2.84 | ||
| Q3 24 | $1.96 | $3.46 | ||
| Q2 24 | $1.97 | $3.83 | ||
| Q1 24 | $2.43 | $3.38 |
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 | — | $19.7M |
| 总债务越低越好 | — | $163.0M |
| 股东权益账面价值 | $1.4B | $2.6B |
| 总资产 | $2.6B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资PIPRSAIA
| Q4 25 | — | $19.7M | ||
| Q3 25 | — | $35.5M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $16.5M | ||
| Q4 24 | — | $19.5M | ||
| Q3 24 | — | $14.4M | ||
| Q2 24 | — | $11.2M | ||
| Q1 24 | — | $12.3M |
总债务PIPRSAIA
| Q4 25 | — | $163.0M | ||
| Q3 25 | — | $218.0M | ||
| Q2 25 | — | $307.1M | ||
| Q1 25 | — | $291.8M | ||
| Q4 24 | — | $195.0M | ||
| Q3 24 | — | $184.2M | ||
| Q2 24 | — | $169.1M | ||
| Q1 24 | — | $76.6M |
股东权益PIPRSAIA
| Q4 25 | $1.4B | $2.6B | ||
| Q3 25 | $1.3B | $2.5B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.1B | $2.0B |
总资产PIPRSAIA
| Q4 25 | $2.6B | $3.5B | ||
| Q3 25 | $2.2B | $3.5B | ||
| Q2 25 | $2.0B | $3.5B | ||
| Q1 25 | $1.8B | $3.4B | ||
| Q4 24 | $2.3B | $3.2B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $1.9B | $3.0B | ||
| Q1 24 | $1.8B | $2.8B |
负债/权益比PIPRSAIA
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.09× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.04× |
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 | $137.3M |
| 自由现金流经营现金流 - 资本支出 | — | $37.5M |
| 自由现金流率自由现金流/营收 | — | 4.7% |
| 资本支出强度资本支出/营收 | — | 12.6% |
| 现金转化率经营现金流/净利润 | 6.40× | 2.89× |
| 过去12个月自由现金流最近4个季度 | — | $27.3M |
8季度趋势，按日历期对齐
经营现金流PIPRSAIA
| Q4 25 | $729.8M | $137.3M | ||
| Q3 25 | $31.9M | $177.8M | ||
| Q2 25 | $32.1M | $170.7M | ||
| Q1 25 | $-207.2M | $109.1M | ||
| Q4 24 | $163.8M | $164.7M | ||
| Q3 24 | $80.1M | $181.7M | ||
| Q2 24 | $266.5M | $130.8M | ||
| Q1 24 | $-197.2M | $106.5M |
自由现金流PIPRSAIA
| Q4 25 | — | $37.5M | ||
| Q3 25 | — | $87.6M | ||
| Q2 25 | — | $-3.9M | ||
| Q1 25 | — | $-93.8M | ||
| Q4 24 | — | $-3.5M | ||
| Q3 24 | — | $-11.7M | ||
| Q2 24 | — | $-94.0M | ||
| Q1 24 | — | $-350.7M |
自由现金流率PIPRSAIA
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | -0.5% | ||
| Q1 25 | — | -11.9% | ||
| Q4 24 | — | -0.4% | ||
| Q3 24 | — | -1.4% | ||
| Q2 24 | — | -11.4% | ||
| Q1 24 | — | -46.5% |
资本支出强度PIPRSAIA
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 21.4% | ||
| Q1 25 | — | 25.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 23.0% | ||
| Q2 24 | — | 27.3% | ||
| Q1 24 | — | 60.6% |
现金转化率PIPRSAIA
| Q4 25 | 6.40× | 2.89× | ||
| Q3 25 | 0.53× | 2.06× | ||
| Q2 25 | 0.76× | 2.39× | ||
| Q1 25 | -3.19× | 2.19× | ||
| Q4 24 | 2.37× | 2.16× | ||
| Q3 24 | 2.30× | 1.96× | ||
| Q2 24 | 7.66× | 1.28× | ||
| Q1 24 | -4.64× | 1.17× |
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% |
SAIA
暂无分部数据
