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Stock Comparison

OPY vs PIPR

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
OPY
Oppenheimer Holdings Inc.

Financial - Capital Markets

Financial ServicesNYSE • US
Market Cap$1.02B
5Y Perf.+355.1%
PIPR
Piper Sandler Companies

Financial - Capital Markets

Financial ServicesNYSE • US
Market Cap$5.74B
5Y Perf.+440.4%

OPY vs PIPR — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
OPY logoOPY
PIPR logoPIPR
IndustryFinancial - Capital MarketsFinancial - Capital Markets
Market Cap$1.02B$5.74B
Revenue (TTM)$1.64B$1.90B
Net Income (TTM)$148M$281M
Gross Margin51.1%93.6%
Operating Margin22.4%20.2%
Forward P/E116.1x17.0x
Total Debt$628M$116M
Cash & Equiv.$38M$809M

OPY vs PIPRLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

OPY
PIPR
StockMay 20May 26Return
Oppenheimer Holding… (OPY)100455.1+355.1%
Piper Sandler Compa… (PIPR)100540.4+440.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: OPY vs PIPR

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: OPY leads in 4 of 7 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. Piper Sandler Companies is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
OPY
Oppenheimer Holdings Inc.
The Banking Pick

OPY carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.

  • Dividend streak 2 yrs, beta 1.01, yield 0.7%
  • Lower volatility, beta 1.01, Low D/E 63.0%, current ratio 5.99x
  • Efficiency ratio 0.3% vs PIPR's 0.7% (lower = leaner)
Best for: income & stability and sleep-well-at-night
PIPR
Piper Sandler Companies
The Banking Pick

PIPR is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 28.6%, EPS growth 54.7%
  • 8.2% 10Y total return vs OPY's 6.6%
  • PEG 0.40 vs OPY's 16.60
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthPIPR logoPIPR28.6% NII/revenue growth vs OPY's 14.4%
ValuePIPR logoPIPRLower P/E (17.0x vs 116.1x), PEG 0.40 vs 16.60
Quality / MarginsOPY logoOPYEfficiency ratio 0.3% vs PIPR's 0.7% (lower = leaner)
Stability / SafetyOPY logoOPYBeta 1.01 vs PIPR's 1.47
DividendsPIPR logoPIPR2.0% yield, 1-year raise streak, vs OPY's 0.7%
Momentum (1Y)OPY logoOPY+63.4% vs PIPR's +34.5%
Efficiency (ROA)OPY logoOPYEfficiency ratio 0.3% vs PIPR's 0.7%

OPY vs PIPR — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

OPYOppenheimer Holdings Inc.
FY 2025
Advisory Fees
65.7%$555M
Investment Banking, Capital Markets
18.1%$153M
Investment Banking, Advisory
13.4%$114M
Other
2.7%$23M
PIPRPiper Sandler Companies
FY 2025
Advisory Services
56.6%$1.0B
Equity Sales and Trading
12.6%$230M
Equities Financing
11.8%$217M
Fixed Income Sales and Trading
11.1%$203M
Debt Financing
7.9%$146M

OPY vs PIPR — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLPIPRLAGGINGOPY

Income & Cash Flow (Last 12 Months)

PIPR leads this category, winning 3 of 5 comparable metrics.

PIPR and OPY operate at a comparable scale, with $1.9B and $1.6B in trailing revenue. PIPR is the more profitable business, keeping 14.8% of every revenue dollar as net income compared to OPY's 9.1%.

MetricOPY logoOPYOppenheimer Holdi…PIPR logoPIPRPiper Sandler Com…
RevenueTrailing 12 months$1.6B$1.9B
EBITDAEarnings before interest/tax$416M$403M
Net IncomeAfter-tax profit$148M$281M
Free Cash FlowCash after capex$184M$669M
Gross MarginGross profit ÷ Revenue+51.1%+93.6%
Operating MarginEBIT ÷ Revenue+22.4%+20.2%
Net MarginNet income ÷ Revenue+9.1%+14.8%
FCF MarginFCF ÷ Revenue+11.2%+36.6%
Rev. Growth (YoY)Latest quarter vs prior year
EPS Growth (YoY)Latest quarter vs prior year+5.9%+65.8%
PIPR leads this category, winning 3 of 5 comparable metrics.

Valuation Metrics

OPY leads this category, winning 5 of 7 comparable metrics.

At 7.4x trailing earnings, OPY trades at a 64% valuation discount to PIPR's 20.3x P/E. Adjusting for growth (PEG ratio), PIPR offers better value at 0.48x vs OPY's 1.06x — a lower PEG means you pay less per unit of expected earnings growth.

MetricOPY logoOPYOppenheimer Holdi…PIPR logoPIPRPiper Sandler Com…
Market CapShares × price$1.0B$5.7B
Enterprise ValueMkt cap + debt − cash$1.6B$5.0B
Trailing P/EPrice ÷ TTM EPS7.39x20.35x
Forward P/EPrice ÷ next-FY EPS est.116.13x17.03x
PEG RatioP/E ÷ EPS growth rate1.06x0.48x
EV / EBITDAEnterprise value multiple5.81x12.22x
Price / SalesMarket cap ÷ Revenue0.62x3.01x
Price / BookPrice ÷ Book value/share1.10x3.62x
Price / FCFMarket cap ÷ FCF5.57x8.23x
OPY leads this category, winning 5 of 7 comparable metrics.

Profitability & Efficiency

PIPR leads this category, winning 8 of 9 comparable metrics.

PIPR delivers a 19.3% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $16 for OPY. PIPR carries lower financial leverage with a 0.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to OPY's 0.63x. On the Piotroski fundamental quality scale (0–9), OPY scores 7/9 vs PIPR's 5/9, reflecting strong financial health.

MetricOPY logoOPYOppenheimer Holdi…PIPR logoPIPRPiper Sandler Com…
ROE (TTM)Return on equity+16.1%+19.3%
ROA (TTM)Return on assets+4.0%+13.1%
ROICReturn on invested capital+17.4%+18.0%
ROCEReturn on capital employed+12.0%+16.2%
Piotroski ScoreFundamental quality 0–975
Debt / EquityFinancial leverage0.63x0.07x
Net DebtTotal debt minus cash$590M-$693M
Cash & Equiv.Liquid assets$38M$809M
Total DebtShort + long-term debt$628M$116M
Interest CoverageEBIT ÷ Interest expense3.36x77.56x
PIPR leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

PIPR leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in PIPR five years ago would be worth $29,494 today (with dividends reinvested), compared to $20,257 for OPY. Over the past 12 months, OPY leads with a +63.4% total return vs PIPR's +34.5%. The 3-year compound annual growth rate (CAGR) favors PIPR at 38.7% vs OPY's 38.3% — a key indicator of consistent wealth creation.

MetricOPY logoOPYOppenheimer Holdi…PIPR logoPIPRPiper Sandler Com…
YTD ReturnYear-to-date+32.9%-6.3%
1-Year ReturnPast 12 months+63.4%+34.5%
3-Year ReturnCumulative with dividends+164.8%+166.7%
5-Year ReturnCumulative with dividends+102.6%+194.9%
10-Year ReturnCumulative with dividends+657.5%+815.9%
CAGR (3Y)Annualised 3-year return+38.3%+38.7%
PIPR leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

OPY leads this category, winning 2 of 2 comparable metrics.

OPY is the less volatile stock with a 1.01 beta — it tends to amplify market swings less than PIPR's 1.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OPY currently trades 81.2% from its 52-week high vs PIPR's 21.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricOPY logoOPYOppenheimer Holdi…PIPR logoPIPRPiper Sandler Com…
Beta (5Y)Sensitivity to S&P 5001.01x1.47x
52-Week HighHighest price in past year$118.77$375.55
52-Week LowLowest price in past year$59.69$60.11
% of 52W HighCurrent price vs 52-week peak+81.2%+21.5%
RSI (14)Momentum oscillator 0–10044.743.3
Avg Volume (50D)Average daily shares traded66K1.7M
OPY leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Evenly matched — OPY and PIPR each lead in 1 of 2 comparable metrics.

Wall Street rates OPY as "Buy" and PIPR as "Hold". Consensus price targets imply 107.5% upside for OPY (target: $200) vs 21.1% for PIPR (target: $98). For income investors, PIPR offers the higher dividend yield at 1.99% vs OPY's 0.69%.

MetricOPY logoOPYOppenheimer Holdi…PIPR logoPIPRPiper Sandler Com…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$200.00$97.58
# AnalystsCovering analysts211
Dividend YieldAnnual dividend ÷ price+0.7%+2.0%
Dividend StreakConsecutive years of raises21
Dividend / ShareAnnual DPS$0.66$1.60
Buyback YieldShare repurchases ÷ mkt cap+0.3%+2.2%
Evenly matched — OPY and PIPR each lead in 1 of 2 comparable metrics.
Key Takeaway

PIPR leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). OPY leads in 2 (Valuation Metrics, Risk & Volatility). 1 tied.

Best OverallPiper Sandler Companies (PIPR)Leads 3 of 6 categories
Loading custom metrics...

OPY vs PIPR: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is OPY or PIPR a better buy right now?

For growth investors, Piper Sandler Companies (PIPR) is the stronger pick with 28.

6% revenue growth year-over-year, versus 14. 4% for Oppenheimer Holdings Inc. (OPY). Oppenheimer Holdings Inc. (OPY) offers the better valuation at 7. 4x trailing P/E (116. 1x forward), making it the more compelling value choice. Analysts rate Oppenheimer Holdings Inc. (OPY) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — OPY or PIPR?

On trailing P/E, Oppenheimer Holdings Inc.

(OPY) is the cheapest at 7. 4x versus Piper Sandler Companies at 20. 3x. On forward P/E, Piper Sandler Companies is actually cheaper at 17. 0x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Piper Sandler Companies wins at 0. 40x versus Oppenheimer Holdings Inc. 's 16. 60x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

Which is the better long-term investment — OPY or PIPR?

Over the past 5 years, Piper Sandler Companies (PIPR) delivered a total return of +194.

9%, compared to +102. 6% for Oppenheimer Holdings Inc. (OPY). Over 10 years, the gap is even starker: PIPR returned +815. 9% versus OPY's +657. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — OPY or PIPR?

By beta (market sensitivity over 5 years), Oppenheimer Holdings Inc.

(OPY) is the lower-risk stock at 1. 01β versus Piper Sandler Companies's 1. 47β — meaning PIPR is approximately 45% more volatile than OPY relative to the S&P 500. On balance sheet safety, Piper Sandler Companies (PIPR) carries a lower debt/equity ratio of 7% versus 63% for Oppenheimer Holdings Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — OPY or PIPR?

By revenue growth (latest reported year), Piper Sandler Companies (PIPR) is pulling ahead at 28.

6% versus 14. 4% for Oppenheimer Holdings Inc. (OPY). On earnings-per-share growth, the picture is similar: Oppenheimer Holdings Inc. grew EPS 104. 7% year-over-year, compared to 54. 7% for Piper Sandler Companies. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — OPY or PIPR?

Piper Sandler Companies (PIPR) is the more profitable company, earning 14.

8% net margin versus 9. 1% for Oppenheimer Holdings Inc. — meaning it keeps 14. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OPY leads at 22. 4% versus 20. 2% for PIPR. At the gross margin level — before operating expenses — PIPR leads at 93. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is OPY or PIPR more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Piper Sandler Companies (PIPR) is the more undervalued stock at a PEG of 0. 40x versus Oppenheimer Holdings Inc. 's 16. 60x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Piper Sandler Companies (PIPR) trades at 17. 0x forward P/E versus 116. 1x for Oppenheimer Holdings Inc. — 99. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OPY: 107. 5% to $200. 00.

08

Which pays a better dividend — OPY or PIPR?

All stocks in this comparison pay dividends.

Piper Sandler Companies (PIPR) offers the highest yield at 2. 0%, versus 0. 7% for Oppenheimer Holdings Inc. (OPY).

09

Is OPY or PIPR better for a retirement portfolio?

For long-horizon retirement investors, Oppenheimer Holdings Inc.

(OPY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 01), 0. 7% yield, +657. 5% 10Y return). Both have compounded well over 10 years (OPY: +657. 5%, PIPR: +815. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between OPY and PIPR?

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: OPY is a small-cap deep-value stock; PIPR is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

OPY

Stable Dividend Mega-Cap

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 7%
  • Net Margin > 5%
Run This Screen
Stocks Like

PIPR

High-Growth Compounder

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 14%
  • Net Margin > 8%
Run This Screen
Custom Screen

Beat Both

Find stocks that outperform OPY and PIPR on the metrics below

Revenue Growth>
%
(OPY: 14.4% · PIPR: 28.6%)
Net Margin>
%
(OPY: 9.1% · PIPR: 14.8%)
P/E Ratio<
x
(OPY: 7.4x · PIPR: 20.3x)

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