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希悦尔（SEE）与STIFEL FINANCIAL CORP（SF）财务数据对比。点击上方公司名可切换其他公司
STIFEL FINANCIAL CORP的季度营收约是希悦尔的1.2倍（$1.7B vs $1.4B），STIFEL FINANCIAL CORP净利率更高（15.1% vs 3.1%，领先12.0%），STIFEL FINANCIAL CORP同比增速更快（17.7% vs 2.6%），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（44.4% vs 2.7%）
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
SEE vs SF — 直观对比
营收规模更大
SF
是对方的1.2倍
$1.4B
营收增速更快
SF
高出15.1%
2.6%
净利率更高
SF
高出12.0%
3.1%
两年增速更快
SF
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $43.8M | $251.4M |
| 毛利率 | 28.6% | — |
| 营业利润率 | 11.4% | 30.8% |
| 净利率 | 3.1% | 15.1% |
| 营收同比 | 2.6% | 17.7% |
| 净利润同比 | 700.0% | 374.4% |
| 每股收益（稀释后） | $0.30 | $1.48 |
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SEESF
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.3B | $962.6M | ||
| Q2 25 | $1.3B | $838.9M | ||
| Q1 25 | $1.3B | $842.5M | ||
| Q4 24 | $1.4B | $916.0M | ||
| Q3 24 | $1.3B | $810.9M | ||
| Q2 24 | $1.3B | $798.9M |
净利润SEESF
| Q1 26 | — | $251.4M | ||
| Q4 25 | $43.8M | $264.4M | ||
| Q3 25 | $255.1M | $211.4M | ||
| Q2 25 | $93.1M | $155.1M | ||
| Q1 25 | $113.5M | $53.0M | ||
| Q4 24 | $-7.3M | $244.0M | ||
| Q3 24 | $91.7M | $158.5M | ||
| Q2 24 | $98.3M | $165.3M |
毛利率SEESF
| Q1 26 | — | — | ||
| Q4 25 | 28.6% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 30.7% | — | ||
| Q1 25 | 30.9% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 30.1% | — | ||
| Q2 24 | 31.2% | — |
营业利润率SEESF
| Q1 26 | — | 30.8% | ||
| Q4 25 | 11.4% | 27.3% | ||
| Q3 25 | 13.8% | 29.7% | ||
| Q2 25 | 15.0% | 25.5% | ||
| Q1 25 | 14.5% | 7.5% | ||
| Q4 24 | 11.7% | 29.1% | ||
| Q3 24 | 13.9% | 26.7% | ||
| Q2 24 | 15.4% | 28.4% |
净利率SEESF
| Q1 26 | — | 15.1% | ||
| Q4 25 | 3.1% | 23.5% | ||
| Q3 25 | 19.0% | 22.0% | ||
| Q2 25 | 7.0% | 18.5% | ||
| Q1 25 | 9.0% | 6.3% | ||
| Q4 24 | -0.5% | 26.6% | ||
| Q3 24 | 6.9% | 19.5% | ||
| Q2 24 | 7.4% | 20.7% |
每股收益（稀释后）SEESF
| Q1 26 | — | $1.48 | ||
| Q4 25 | $0.30 | $2.30 | ||
| Q3 25 | $1.73 | $1.84 | ||
| Q2 25 | $0.63 | $1.34 | ||
| Q1 25 | $0.77 | $0.39 | ||
| Q4 24 | $-0.05 | $2.10 | ||
| Q3 24 | $0.63 | $1.34 | ||
| Q2 24 | $0.67 | $1.41 |
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 | $344.0M | — |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $1.2B | $332.3M |
| 总资产 | $7.0B | $42.9B |
| 负债/权益比越低杠杆越低 | 2.65× | — |
8季度趋势，按日历期对齐
现金及短期投资SEESF
| Q1 26 | — | — | ||
| Q4 25 | $344.0M | $2.3B | ||
| Q3 25 | $282.5M | $3.2B | ||
| Q2 25 | $354.4M | $1.9B | ||
| Q1 25 | $335.2M | $2.7B | ||
| Q4 24 | $371.8M | $2.6B | ||
| Q3 24 | $386.0M | $1.9B | ||
| Q2 24 | $388.6M | $2.6B |
总债务SEESF
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $617.4M | ||
| Q3 25 | $4.0B | $617.2M | ||
| Q2 25 | $4.0B | $617.0M | ||
| Q1 25 | $4.2B | $616.8M | ||
| Q4 24 | $4.2B | $616.6M | ||
| Q3 24 | $4.3B | $616.4M | ||
| Q2 24 | $4.4B | $1.1B |
股东权益SEESF
| Q1 26 | — | $332.3M | ||
| Q4 25 | $1.2B | $6.0B | ||
| Q3 25 | $1.2B | $5.8B | ||
| Q2 25 | $953.1M | $5.6B | ||
| Q1 25 | $797.9M | $5.5B | ||
| Q4 24 | $624.5M | $5.7B | ||
| Q3 24 | $771.2M | $5.6B | ||
| Q2 24 | $650.1M | $5.4B |
总资产SEESF
| Q1 26 | — | $42.9B | ||
| Q4 25 | $7.0B | $41.3B | ||
| Q3 25 | $7.1B | $41.7B | ||
| Q2 25 | $7.2B | $39.9B | ||
| Q1 25 | $7.0B | $40.4B | ||
| Q4 24 | $7.0B | $39.9B | ||
| Q3 24 | $7.3B | $38.9B | ||
| Q2 24 | $7.3B | $37.8B |
负债/权益比SEESF
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | 0.10× | ||
| Q3 25 | 3.34× | 0.11× | ||
| Q2 25 | 4.18× | 0.11× | ||
| Q1 25 | 5.26× | 0.11× | ||
| Q4 24 | 6.72× | 0.11× | ||
| Q3 24 | 5.62× | 0.11× | ||
| Q2 24 | 6.81× | 0.21× |
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 | $293.6M | — |
| 自由现金流经营现金流 - 资本支出 | $257.7M | — |
| 自由现金流率自由现金流/营收 | 18.5% | — |
| 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 | 6.70× | — |
| 过去12个月自由现金流最近4个季度 | $458.5M | — |
8季度趋势，按日历期对齐
经营现金流SEESF
| Q1 26 | — | — | ||
| Q4 25 | $293.6M | $382.4M | ||
| Q3 25 | $165.9M | $338.3M | ||
| Q2 25 | $136.6M | $607.5M | ||
| Q1 25 | $31.9M | $-211.2M | ||
| Q4 24 | $244.2M | $694.6M | ||
| Q3 24 | $170.5M | $198.3M | ||
| Q2 24 | $188.2M | $207.2M |
自由现金流SEESF
| Q1 26 | — | — | ||
| Q4 25 | $257.7M | $369.0M | ||
| Q3 25 | $119.6M | $321.1M | ||
| Q2 25 | $93.2M | $592.7M | ||
| Q1 25 | $-12.0M | $-227.8M | ||
| Q4 24 | $185.1M | $677.2M | ||
| Q3 24 | $115.2M | $185.6M | ||
| Q2 24 | $129.5M | $173.3M |
自由现金流率SEESF
| Q1 26 | — | — | ||
| Q4 25 | 18.5% | 32.7% | ||
| Q3 25 | 8.9% | 33.4% | ||
| Q2 25 | 7.0% | 70.6% | ||
| Q1 25 | -0.9% | -27.0% | ||
| Q4 24 | 13.6% | 73.9% | ||
| Q3 24 | 8.6% | 22.9% | ||
| Q2 24 | 9.7% | 21.7% |
资本支出强度SEESF
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 1.2% | ||
| Q3 25 | 3.4% | 1.8% | ||
| Q2 25 | 3.3% | 1.8% | ||
| Q1 25 | 3.5% | 2.0% | ||
| Q4 24 | 4.4% | 1.9% | ||
| Q3 24 | 4.1% | 1.6% | ||
| Q2 24 | 4.4% | 4.2% |
现金转化率SEESF
| Q1 26 | — | — | ||
| Q4 25 | 6.70× | 1.45× | ||
| Q3 25 | 0.65× | 1.60× | ||
| Q2 25 | 1.47× | 3.92× | ||
| Q1 25 | 0.28× | -3.99× | ||
| Q4 24 | — | 2.85× | ||
| Q3 24 | 1.86× | 1.25× | ||
| Q2 24 | 1.91× | 1.25× |
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
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
SF
| Other | $506.7M | 30% |
| Asset management | $459.5M | 28% |
| Investment banking | $341.4M | 20% |
| Commissions | $207.8M | 12% |
| Principal transactions | $150.2M | 9% |
