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PIPER SANDLER COMPANIES（PIPR）与全食超市（SMPL）财务数据对比。点击上方公司名可切换其他公司
PIPER SANDLER COMPANIES的季度营收约是全食超市的2.0倍（$667.0M vs $340.2M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 7.4%，领先9.7%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -0.3%），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。
全食超市是总部位于美国得克萨斯州奥斯汀的跨国连锁超市，现为亚马逊全资旗下品牌。门店主打无氢化脂肪、人工色素、人工香精、防腐剂的天然食品，是美国农业部认证的有机食品零售商，以丰富的有机商品选择深受消费者欢迎。
PIPR vs SMPL — 直观对比
营收规模更大
PIPR
是对方的2.0倍
$340.2M
营收增速更快
PIPR
高出37.7%
-0.3%
净利率更高
PIPR
高出9.7%
7.4%
两年增速更快
PIPR
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $667.0M | $340.2M |
| 净利润 | $114.0M | $25.3M |
| 毛利率 | — | 32.3% |
| 营业利润率 | 28.3% | 11.0% |
| 净利率 | 17.1% | 7.4% |
| 营收同比 | 37.4% | -0.3% |
| 净利润同比 | 65.0% | -33.7% |
| 每股收益（稀释后） | $6.41 | $0.26 |
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PIPRSMPL
| Q4 25 | $667.0M | $340.2M | ||
| Q3 25 | $480.1M | — | ||
| Q2 25 | $398.6M | $381.0M | ||
| Q1 25 | $358.6M | — | ||
| Q4 24 | $485.4M | $341.3M | ||
| Q3 24 | $360.9M | $375.7M | ||
| Q2 24 | $340.8M | $334.8M | ||
| Q1 24 | $344.4M | $312.2M |
净利润PIPRSMPL
| Q4 25 | $114.0M | $25.3M | ||
| Q3 25 | $60.3M | — | ||
| Q2 25 | $42.2M | $41.1M | ||
| Q1 25 | $64.9M | — | ||
| Q4 24 | $69.1M | $38.1M | ||
| Q3 24 | $34.8M | $29.3M | ||
| Q2 24 | $34.8M | $41.3M | ||
| Q1 24 | $42.5M | $33.1M |
毛利率PIPRSMPL
| Q4 25 | — | 32.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 38.2% | ||
| Q3 24 | — | 38.8% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 37.4% |
营业利润率PIPRSMPL
| Q4 25 | 28.3% | 11.0% | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 12.3% | 15.6% | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | 16.9% | 16.0% | ||
| Q3 24 | 15.4% | 12.7% | ||
| Q2 24 | 8.3% | 17.6% | ||
| Q1 24 | 15.2% | 15.4% |
净利率PIPRSMPL
| Q4 25 | 17.1% | 7.4% | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 10.6% | 10.8% | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 14.2% | 11.2% | ||
| Q3 24 | 9.6% | 7.8% | ||
| Q2 24 | 10.2% | 12.3% | ||
| Q1 24 | 12.3% | 10.6% |
每股收益（稀释后）PIPRSMPL
| Q4 25 | $6.41 | $0.26 | ||
| Q3 25 | $3.38 | — | ||
| Q2 25 | $2.38 | $0.40 | ||
| Q1 25 | $3.65 | — | ||
| Q4 24 | $3.88 | $0.38 | ||
| Q3 24 | $1.96 | $0.29 | ||
| Q2 24 | $1.97 | $0.41 | ||
| Q1 24 | $2.43 | $0.33 |
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 | — | $194.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $1.7B |
| 总资产 | $2.6B | $2.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PIPRSMPL
| Q4 25 | — | $194.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $98.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $121.8M | ||
| Q3 24 | — | $132.5M | ||
| Q2 24 | — | $208.7M | ||
| Q1 24 | — | $135.9M |
总债务PIPRSMPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $397.5M | ||
| Q2 24 | — | $237.7M | ||
| Q1 24 | — | $237.7M |
股东权益PIPRSMPL
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $1.1B | $1.6B |
总资产PIPRSMPL
| Q4 25 | $2.6B | $2.5B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $2.3B | $2.4B | ||
| Q3 24 | $2.0B | $2.4B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | $1.8B | $2.1B |
负债/权益比PIPRSMPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.14× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | — | $48.0M |
| 自由现金流率自由现金流/营收 | — | 14.1% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | 6.40× | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | $223.6M |
8季度趋势，按日历期对齐
经营现金流PIPRSMPL
| Q4 25 | $729.8M | $50.1M | ||
| Q3 25 | $31.9M | — | ||
| Q2 25 | $32.1M | $101.1M | ||
| Q1 25 | $-207.2M | — | ||
| Q4 24 | $163.8M | $32.0M | ||
| Q3 24 | $80.1M | $48.9M | ||
| Q2 24 | $266.5M | $72.8M | ||
| Q1 24 | $-197.2M | $46.5M |
自由现金流PIPRSMPL
| Q4 25 | — | $48.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $98.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $31.7M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $72.0M | ||
| Q1 24 | — | $46.1M |
自由现金流率PIPRSMPL
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 25.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 21.5% | ||
| Q1 24 | — | 14.8% |
资本支出强度PIPRSMPL
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.1% |
现金转化率PIPRSMPL
| Q4 25 | 6.40× | 1.98× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.76× | 2.46× | ||
| Q1 25 | -3.19× | — | ||
| Q4 24 | 2.37× | 0.84× | ||
| Q3 24 | 2.30× | 1.67× | ||
| Q2 24 | 7.66× | 1.76× | ||
| Q1 24 | -4.64× | 1.40× |
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% |
SMPL
| Quest | $211.4M | 62% |
| Atkins Domain | $79.7M | 23% |
| OWYN | $28.1M | 8% |
| Other | $20.9M | 6% |
