vs
PIPER SANDLER COMPANIES（PIPR）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是PIPER SANDLER COMPANIES的1.9倍（$1.3B vs $667.0M），泰瑞达净利率更高（31.1% vs 17.1%，领先14.0%），泰瑞达同比增速更快（87.0% vs 37.4%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 32.6%）
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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
PIPR vs TER — 直观对比
营收规模更大
TER
是对方的1.9倍
$667.0M
营收增速更快
TER
高出49.6%
37.4%
净利率更高
TER
高出14.0%
17.1%
两年增速更快
PIPR
近两年复合增速
32.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $667.0M | $1.3B |
| 净利润 | $114.0M | $398.9M |
| 毛利率 | — | 60.9% |
| 营业利润率 | 28.3% | 36.9% |
| 净利率 | 17.1% | 31.1% |
| 营收同比 | 37.4% | 87.0% |
| 净利润同比 | 65.0% | — |
| 每股收益（稀释后） | $6.41 | $2.53 |
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PIPRTER
| Q1 26 | — | $1.3B | ||
| Q4 25 | $667.0M | $1.1B | ||
| Q3 25 | $480.1M | $769.2M | ||
| Q2 25 | $398.6M | $651.8M | ||
| Q1 25 | $358.6M | $685.7M | ||
| Q4 24 | $485.4M | $752.9M | ||
| Q3 24 | $360.9M | $737.3M | ||
| Q2 24 | $340.8M | $729.9M |
净利润PIPRTER
| Q1 26 | — | $398.9M | ||
| Q4 25 | $114.0M | $257.2M | ||
| Q3 25 | $60.3M | $119.6M | ||
| Q2 25 | $42.2M | $78.4M | ||
| Q1 25 | $64.9M | $98.9M | ||
| Q4 24 | $69.1M | $146.3M | ||
| Q3 24 | $34.8M | $145.6M | ||
| Q2 24 | $34.8M | $186.3M |
毛利率PIPRTER
| Q1 26 | — | 60.9% | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% |
营业利润率PIPRTER
| Q1 26 | — | 36.9% | ||
| Q4 25 | 28.3% | 27.1% | ||
| Q3 25 | 22.4% | 18.9% | ||
| Q2 25 | 12.3% | 13.9% | ||
| Q1 25 | 8.2% | 17.6% | ||
| Q4 24 | 16.9% | 20.4% | ||
| Q3 24 | 15.4% | 20.6% | ||
| Q2 24 | 8.3% | 28.8% |
净利率PIPRTER
| Q1 26 | — | 31.1% | ||
| Q4 25 | 17.1% | 23.7% | ||
| Q3 25 | 12.6% | 15.5% | ||
| Q2 25 | 10.6% | 12.0% | ||
| Q1 25 | 18.1% | 14.4% | ||
| Q4 24 | 14.2% | 19.4% | ||
| Q3 24 | 9.6% | 19.8% | ||
| Q2 24 | 10.2% | 25.5% |
每股收益（稀释后）PIPRTER
| Q1 26 | — | $2.53 | ||
| Q4 25 | $6.41 | $1.62 | ||
| Q3 25 | $3.38 | $0.75 | ||
| Q2 25 | $2.38 | $0.49 | ||
| Q1 25 | $3.65 | $0.61 | ||
| Q4 24 | $3.88 | $0.89 | ||
| Q3 24 | $1.96 | $0.89 | ||
| Q2 24 | $1.97 | $1.14 |
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 | — | $241.9M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $1.4B | — |
| 总资产 | $2.6B | $4.4B |
| 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PIPRTER
| Q1 26 | — | $241.9M | ||
| Q4 25 | — | $293.8M | ||
| Q3 25 | — | $272.7M | ||
| Q2 25 | — | $339.3M | ||
| Q1 25 | — | $475.6M | ||
| Q4 24 | — | $553.4M | ||
| Q3 24 | — | $510.0M | ||
| Q2 24 | — | $421.9M |
总债务PIPRTER
| Q1 26 | — | $0 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PIPRTER
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $2.8B | ||
| Q3 25 | $1.3B | $2.7B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $1.2B | $2.8B | ||
| Q4 24 | $1.2B | $2.8B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.1B | $2.7B |
总资产PIPRTER
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.6B | $4.2B | ||
| Q3 25 | $2.2B | $4.0B | ||
| Q2 25 | $2.0B | $3.8B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $2.3B | $3.7B | ||
| Q3 24 | $2.0B | $3.8B | ||
| Q2 24 | $1.9B | $3.6B |
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 | $265.1M |
| 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× | 0.66× |
| 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PIPRTER
| Q1 26 | — | $265.1M | ||
| Q4 25 | $729.8M | $281.6M | ||
| Q3 25 | $31.9M | $49.0M | ||
| Q2 25 | $32.1M | $182.1M | ||
| Q1 25 | $-207.2M | $161.6M | ||
| Q4 24 | $163.8M | $282.6M | ||
| Q3 24 | $80.1M | $166.3M | ||
| Q2 24 | $266.5M | $216.1M |
自由现金流PIPRTER
| Q1 26 | — | — | ||
| Q4 25 | — | $218.8M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $131.7M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | — | $114.4M | ||
| Q2 24 | — | $171.2M |
自由现金流率PIPRTER
| Q1 26 | — | — | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 23.5% |
资本支出强度PIPRTER
| Q1 26 | — | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 6.1% |
现金转化率PIPRTER
| Q1 26 | — | 0.66× | ||
| Q4 25 | 6.40× | 1.09× | ||
| Q3 25 | 0.53× | 0.41× | ||
| Q2 25 | 0.76× | 2.32× | ||
| Q1 25 | -3.19× | 1.63× | ||
| Q4 24 | 2.37× | 1.93× | ||
| Q3 24 | 2.30× | 1.14× | ||
| Q2 24 | 7.66× | 1.16× |
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% |
TER
暂无分部数据
