vs
PIPER SANDLER COMPANIES（PIPR）与Westrock Coffee Co（WEST）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Westrock Coffee Co的2.0倍（$667.0M vs $339.5M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -6.6%，领先23.7%），Westrock Coffee Co同比增速更快（48.3% vs 37.4%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% vs 32.8%）
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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
PIPR vs WEST — 直观对比
营收规模更大
PIPR
是对方的2.0倍
$339.5M
营收增速更快
WEST
高出10.8%
37.4%
净利率更高
PIPR
高出23.7%
-6.6%
两年增速更快
PIPR
近两年复合增速
32.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $667.0M | $339.5M |
| 净利润 | $114.0M | $-22.6M |
| 毛利率 | — | 11.5% |
| 营业利润率 | 28.3% | -2.6% |
| 净利率 | 17.1% | -6.6% |
| 营收同比 | 37.4% | 48.3% |
| 净利润同比 | 65.0% | 8.3% |
| 每股收益（稀释后） | $6.41 | $-0.22 |
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PIPRWEST
| Q4 25 | $667.0M | $339.5M | ||
| Q3 25 | $480.1M | $354.8M | ||
| Q2 25 | $398.6M | $280.9M | ||
| Q1 25 | $358.6M | $213.8M | ||
| Q4 24 | $485.4M | $229.0M | ||
| Q3 24 | $360.9M | $220.9M | ||
| Q2 24 | $340.8M | $208.4M | ||
| Q1 24 | $344.4M | $192.5M |
净利润PIPRWEST
| Q4 25 | $114.0M | $-22.6M | ||
| Q3 25 | $60.3M | $-19.1M | ||
| Q2 25 | $42.2M | $-21.6M | ||
| Q1 25 | $64.9M | $-27.2M | ||
| Q4 24 | $69.1M | $-24.6M | ||
| Q3 24 | $34.8M | $-14.3M | ||
| Q2 24 | $34.8M | $-17.8M | ||
| Q1 24 | $42.5M | $-23.7M |
毛利率PIPRWEST
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
营业利润率PIPRWEST
| Q4 25 | 28.3% | -2.6% | ||
| Q3 25 | 22.4% | -2.4% | ||
| Q2 25 | 12.3% | -5.3% | ||
| Q1 25 | 8.2% | -6.1% | ||
| Q4 24 | 16.9% | -4.3% | ||
| Q3 24 | 15.4% | -5.8% | ||
| Q2 24 | 8.3% | -7.9% | ||
| Q1 24 | 15.2% | -5.3% |
净利率PIPRWEST
| Q4 25 | 17.1% | -6.6% | ||
| Q3 25 | 12.6% | -5.4% | ||
| Q2 25 | 10.6% | -7.7% | ||
| Q1 25 | 18.1% | -12.7% | ||
| Q4 24 | 14.2% | -10.7% | ||
| Q3 24 | 9.6% | -6.5% | ||
| Q2 24 | 10.2% | -8.5% | ||
| Q1 24 | 12.3% | -12.3% |
每股收益（稀释后）PIPRWEST
| Q4 25 | $6.41 | $-0.22 | ||
| Q3 25 | $3.38 | $-0.20 | ||
| Q2 25 | $2.38 | $-0.23 | ||
| Q1 25 | $3.65 | $-0.29 | ||
| Q4 24 | $3.88 | $-0.26 | ||
| Q3 24 | $1.96 | $-0.16 | ||
| Q2 24 | $1.97 | $-0.20 | ||
| Q1 24 | $2.43 | $-0.27 |
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 | — | $49.9M |
| 总债务越低越好 | — | $444.1M |
| 股东权益账面价值 | $1.4B | $-1.9M |
| 总资产 | $2.6B | $1.2B |
| 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PIPRWEST
| Q4 25 | — | $49.9M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $44.0M | ||
| Q1 25 | — | $33.1M | ||
| Q4 24 | — | $26.2M | ||
| Q3 24 | — | $22.4M | ||
| Q2 24 | — | $24.3M | ||
| Q1 24 | — | $12.6M |
总债务PIPRWEST
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PIPRWEST
| Q4 25 | $1.4B | $-1.9M | ||
| Q3 25 | $1.3B | $11.4M | ||
| Q2 25 | $1.2B | $18.2M | ||
| Q1 25 | $1.2B | $71.4M | ||
| Q4 24 | $1.2B | $97.5M | ||
| Q3 24 | $1.2B | $110.3M | ||
| Q2 24 | $1.1B | $81.5M | ||
| Q1 24 | $1.1B | $91.7M |
总资产PIPRWEST
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.8B | $983.3M |
负债/权益比PIPRWEST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | — | $27.8M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 6.40× | — |
| 过去12个月自由现金流最近4个季度 | — | $-107.8M |
8季度趋势，按日历期对齐
经营现金流PIPRWEST
| Q4 25 | $729.8M | $36.7M | ||
| Q3 25 | $31.9M | $-26.6M | ||
| Q2 25 | $32.1M | $-7.0M | ||
| Q1 25 | $-207.2M | $-22.1M | ||
| Q4 24 | $163.8M | $2.8M | ||
| Q3 24 | $80.1M | $-332.0K | ||
| Q2 24 | $266.5M | $-23.7M | ||
| Q1 24 | $-197.2M | $8.0M |
自由现金流PIPRWEST
| Q4 25 | — | $27.8M | ||
| Q3 25 | — | $-44.7M | ||
| Q2 25 | — | $-27.5M | ||
| Q1 25 | — | $-63.4M | ||
| Q4 24 | — | $-15.4M | ||
| Q3 24 | — | $-36.7M | ||
| Q2 24 | — | $-59.9M | ||
| Q1 24 | — | $-60.9M |
自由现金流率PIPRWEST
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | — | -29.7% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -16.6% | ||
| Q2 24 | — | -28.7% | ||
| Q1 24 | — | -31.7% |
资本支出强度PIPRWEST
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 35.8% |
现金转化率PIPRWEST
| Q4 25 | 6.40× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | -3.19× | — | ||
| Q4 24 | 2.37× | — | ||
| Q3 24 | 2.30× | — | ||
| Q2 24 | 7.66× | — | ||
| Q1 24 | -4.64× | — |
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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
