Oppenheimer Holdings Inc. (OPY) 10-Year Financial Performance & Capital Metrics

OPY • • Banking & Credit

Financial ServicesCapital MarketsSecurities Brokerage & Wealth ManagementInstitutional Brokerage & Wealth Management

AboutOppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services. It also provides asset management services, including separately managed accounts, mutual fund managed accounts, discretionary portfolio management programs, non-discretionary investment advisory and consultation services, alternative investments, portfolio enhancement programs, and institutional taxable fixed income portfolio management strategies and solutions, as well as taxable and non-taxable fixed income portfolios and strategies. In addition, the company offers investment banking services, such as strategic advisory services and capital markets products; merger and acquisition, equities capital market, and debt capital market products and services; and institutional equity sales and trading, equity research, equity derivatives and index options, convertible bonds, and trading services. Further, it provides institutional fixed income sales and trading, fixed income research, public finance, and municipal trading services; repurchase agreements and securities lending services; and proprietary trading and investment activities. Additionally, the company offers underwritings, market-making, trust, and discount services. It serves high-net-worth individuals and families, corporate executives, public and private businesses, institutions and corporations, governments, financial sponsors, and domestic and international investors. Oppenheimer Holdings Inc. was founded in 1881 and is headquartered in New York, New York.Show more

Net Interest Income -$88M -28.3%
Total Revenue $1.43B +14.7%
Net Income $72M +137.1%
Return on Equity 8.73% +132.8%
Net Interest Margin -2.6% -9.0%
Efficiency Ratio 11.39% -9.6%
ROA 2.29% +111.8%
Equity / Assets 25.14% -8.4%
Book Value per Share 75.73 +11.7%
Tangible BV/Share 59.76 +13.6%
Debt/Equity 0.81 +7.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 11.4% efficiency ratio
✓Well capitalized: 25.1% equity/assets
✓Share count reduced 3.6% through buybacks
✓Diversified revenue: 100.0% from non-interest income
✓Trading near 52-week high
✓Trading at only 1.0x book value

✗Weaknesses

✗Weak NIM of -2.6%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.86%

5Y6.75%

3Y0.91%

TTM-

Profit (Net Income) CAGR

10Y23.28%

5Y6.21%

3Y-23.36%

TTM17.85%

EPS CAGR

10Y26.23%

5Y10.77%

3Y-18.34%

TTM15.99%

ROCE

10Y Avg10.9%

5Y Avg12.57%

3Y Avg11.42%

Latest11.54%

Peer Comparison

Institutional Brokerage & Wealth Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FRHCFreedom Holding Corp.	7.71B	126.09	90.06	22.74%	4.16%	0.39%	20.56%	1.61
WHGWestwood Holdings Group, Inc.	173.67M	18.46	71	5.5%	2.33%	5.76%	12.1%	0.03
LPLALPL Financial Holdings Inc.	30.16B	376.83	26.86	23.2%	8.55%	22.03%		1.96
SFStifel Financial Corp.	13.26B	130.20	20.83	15.45%	12.42%	11.53%	3.14%	0.49
RJFRaymond James Financial, Inc.	33.88B	171.55	16.66	7.94%	13.42%	17.07%	6.63%	0.35
OPYOppenheimer Holdings Inc.	823.46M	79.02	12.41	14.71%	5%	9.21%		0.81
GSIWGarden Stage Limited Ordinary Shares	29.89M	0.14	-0.49	295.95%	-79.91%	14.93%		0.03
DOMHDominari Holdings Inc.	66.61M	4.16	-1.75	7.9%	-81.03%	52.5%		0.08

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-16.33M	-19.44M	-28.35M	-46.4M	-45.69M	-15.68M	-9.86M	-23.85M	-68.6M	-87.99M
NII Growth %	0.04%	-0.19%	-0.46%	-0.64%	0.02%	0.66%	0.37%	-1.42%	-1.88%	-0.28%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	16.33M	19.44M	28.35M	46.4M	45.69M	15.68M	9.86M	23.85M	68.6M	87.99M
Loan Loss Provision	620.51M	590.4M	597.33M	583.78M	633.99M	778.29M	899.29M	742.55M	738.73M	876.46M
Non-Interest Income+	897.8M	857.78M	920.34M	958.15M	1.03B	1.2B	1.39B	1.11B	1.25B	1.43B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	897.8M	857.78M	920.34M	958.15M	1.03B	1.2B	1.39B	1.11B	1.25B	1.43B
Revenue Growth %	-0.08%	-0.04%	0.07%	0.04%	0.08%	0.16%	0.16%	-0.2%	0.12%	0.15%
Non-Interest Expense	129.39M	131.18M	133.14M	135.65M	143.79M	144.48M	140.59M	145.37M	157.32M	163.21M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	131.57M	116.76M	161.51M	192.33M	209.92M	260.21M	344.3M	199.18M	284.18M	304.83M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.24%	-0.11%	0.38%	0.19%	0.09%	0.24%	0.32%	-0.42%	0.43%	0.07%
Pretax Income+	-2.43M	-21.89M	19.55M	44.85M	74.91M	169M	224.64M	45.55M	46.77M	105.76M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	406K	-12.26M	-2.13M	15.98M	21.96M	46.01M	65.68M	13.44M	16.5M	34.51M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.96M	-1.16M	22.82M	28.89M	52.95M	122.99M	158.96M	32.35M	30.18M	71.56M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.78%	-1.59%	20.65%	0.27%	0.83%	1.32%	0.29%	-0.8%	-0.07%	1.37%
Net Income (Continuing)	-2.83M	-9.63M	21.69M	28.89M	52.95M	122.99M	158.96M	32.11M	30.27M	71.25M
EPS (Diluted)+	0.14	-0.09	1.67	2.05	3.82	9.30	11.70	2.57	2.59	6.37
EPS Growth %	-0.77%	-1.62%	20.24%	0.23%	0.86%	1.43%	0.26%	-0.78%	0.01%	1.46%
EPS (Basic)	0.14	-0.09	1.72	2.18	4.10	9.73	12.57	2.77	2.81	6.93
Diluted Shares Outstanding	14.29M	13.37M	13.67M	14.06M	13.85M	13.22M	13.58M	12.61M	11.65M	11.23M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	63.36M	64.91M	48.15M	90.67M	79.55M	35.42M	213.76M	112.43M	28.84M	33.15M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	941.89M	731.11M	927.25M	837.87M	799.72M	610.52M	369.01M	322.87M	111.77M	92.6M
Investments Growth %	-0.14%	-0.22%	0.27%	-0.1%	-0.05%	-0.24%	-0.4%	-0.13%	-0.65%	-0.17%
Long-Term Investments	941.89M	731.11M	927.25M	837.87M	799.72M	610.52M	369.01M	322.87M	111.77M	92.6M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	137.89M	137.89M	137.89M	137.89M	137.89M	137.89M	137.89M	137.89M	142.16M	143.61M
Intangible Assets	59.87M	31.7M	31.7M	32.1M	32.1M	32.1M	32.1M	32.1M	34.34M	35.71M
PP&E (Net)	28.29M	27.23M	27.19M	28.99M	191.67M	181.26M	178.16M	179.37M	184.43M	172.01M
Other Assets	106.88M	102.47M	145.31M	206.83M	166.34M	272.88M	205.84M	184.44M	190.76M	211.36M
Total Current Assets	1.19B	1.05B	1.04B	982.55M	1.14B	1.48B	2.12B	1.86B	2.21B	2.73B
Total Non-Current Assets	1.5B	1.18B	1.4B	1.26B	1.33B	1.23B	923M	856.67M	663.47M	655.29M
Total Assets+	2.69B	2.24B	2.44B	2.24B	2.46B	2.71B	3.04B	2.71B	2.87B	3.38B
Asset Growth %	-0.03%	-0.17%	0.09%	-0.08%	0.1%	0.1%	0.12%	-0.11%	0.06%	0.18%
Return on Assets (ROA)	0%	-0%	0.01%	0.01%	0.02%	0.05%	0.06%	0.01%	0.01%	0.02%
Accounts Payable	108.64M	96.56M	92.5M	87.63M	44.73M	44.79M	76.66M	102.2M	82.81M	65.76M
Total Debt+	957.29M	726.63M	960.5M	731.61M	612.69M	663.73M	640.79M	633.23M	593.57M	687.59M
Net Debt	893.92M	661.72M	912.35M	640.93M	533.14M	628.3M	427.03M	520.79M	564.73M	654.44M
Long-Term Debt	909.27M	687.41M	918.09M	715.26M	409.55M	470.35M	448.77M	450.66M	410.29M	514.27M
Short-Term Debt	48.01M	39.23M	42.41M	16.35M	0	0	0	0	0	0
Other Liabilities	269.76M	215.93M	632.04M	651.49M	335.16M	502.36M	680.43M	436.53M	924.66M	1.36B
Total Current Liabilities	841.51M	627.25M	552.03M	582.99M	666.09M	567.74M	724.98M	791.97M	529M	445.88M
Total Non-Current Liabilities	1.33B	1.1B	1.36B	1.11B	1.21B	1.46B	1.37B	1.1B	1.56B	2.09B
Total Liabilities	2.17B	1.72B	1.91B	1.69B	1.87B	2.03B	2.09B	1.89B	2.09B	2.53B
Total Equity+	525.08M	513.33M	523.91M	1.17B	592.72M	685.67M	953.03M	820.42M	789.24M	850.39M
Equity Growth %	-0.02%	-0.02%	0.02%	1.23%	-0.49%	0.16%	0.39%	-0.14%	-0.04%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0%	-0%	0.04%	0.03%	0.06%	0.19%	0.19%	0.04%	0.04%	0.09%
Book Value per Share	36.74	38.40	38.32	83.16	42.79	51.88	70.16	65.07	67.77	75.73
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	57.52M	59.36M	58.49M	53.39M	46.56M	39.33M	13K	11K	10K	10K
Additional Paid-in Capital	44.44M	41.77M	36.55M	41.78M	47.41M	41.48M	78.03M	28.63M	31.77M	29.73M
Retained Earnings	417M	410.26M	426.93M	449.99M	497M	601.41M	740.93M	764.18M	756.47M	819.96M
Accumulated OCI	-901K	-681K	1.58M	165K	1.76M	3.45M	4.22M	1.42M	914K	691K
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	410.26M	426.93M	449.99M	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-19.41M	-66.86M	-16.14M	168.57M	79.14M	-54.06M	227.79M	64.49M	-18.81M	-108.17M
Operating CF Growth %	-1.25%	-2.44%	0.76%	11.45%	-0.53%	-1.68%	5.21%	-0.72%	-1.29%	-4.75%
Net Income	2.9M	491K	22.82M	28.89M	52.95M	122.99M	158.96M	32.11M	30.18M	71.56M
Depreciation & Amortization	7.92M	8.07M	5.66M	6.87M	32.82M	33.29M	34.12M	34.41M	37.2M	37.28M
Deferred Taxes	4.54M	-2.94M	-2.04M	2.77M	9.88M	21.34M	-792K	-14.62M	6.46M	3.55M
Other Non-Cash Items	13.03M	-5.52M	12.55M	12.92M	12.93M	12.16M	16.59M	10.86M	16.16M	18.07M
Working Capital Changes	-50.66M	-73.17M	-67.69M	110.41M	-41.28M	-260.08M	-12.22M	-14.19M	-125.82M	-284.14M
Cash from Investing+	-5.89M	39.72M	-3.87M	-8.19M	-8.3M	-3.94M	-6.27M	-14.14M	-15.56M	-3.84M
Purchase of Investments	0	0	0	0	-249.94M	0	-144.25M	-233.03M	0	0
Sale/Maturity of Investments	0	0	0	0	1000K	1000K	935K	1000K	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	196.66M	0	143.32M	77M	-2.93M	-2.35M
Other Investing	0	45.45M	1.74M	481K	1.72M	-269.39M	2M	2.17M	4.42M	3.66M
Cash from Financing+	24.86M	28.7M	3.24M	-117.86M	-81.96M	13.87M	84.58M	-253.91M	-74.76M	116.32M
Dividends Paid	-6.01M	-5.89M	-5.84M	-5.83M	-5.94M	-18.58M	-19.44M	-7.04M	-6.45M	-6.84M
Share Repurchases	-8.25M	-3.94M	-7.46M	-5.89M	-8.4M	-15.05M	-7.74M	-60.64M	-35.12M	-9.6M
Stock Issued	0	0	26K	70K	83K	56K	126.56M	127K	75K	64K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K
Other Financing	-1.68M	-7.08M	-5.98M	-2.9M	-2.7M	-9.56M	-1.84M	-105.91M	-32.26M	-6.34M
Net Change in Cash+	-443K	1.55M	-16.76M	42.52M	-11.13M	-44.13M	306.1M	-203.56M	-109.13M	4.32M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	63.81M	63.36M	64.91M	48.15M	90.67M	79.55M	35.42M	341.52M	137.97M	28.84M
Cash at End	63.36M	64.91M	48.15M	90.67M	79.55M	35.42M	341.52M	137.97M	28.84M	33.15M
Interest Paid	17.27M	19.7M	23.9M	53.56M	40.68M	19.01M	10.09M	22.81M	68.4M	88.8M
Income Taxes Paid	6.09M	0	0	11.52M	16.82M	11.19M	62.38M	37.51M	20.58M	21.27M
Free Cash Flow+	-25.3M	-72.6M	-21.75M	159.5M	69.12M	-58.59M	219.52M	48.18M	-35.87M	-113.32M
FCF Growth %	-1.34%	-1.87%	0.7%	8.33%	-0.57%	-1.85%	4.75%	-0.78%	-1.74%	-2.16%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.37%	-0.22%	4.4%	3.41%	6.01%	19.24%	19.4%	3.65%	3.75%	8.73%
Return on Assets (ROA)	0.07%	-0.05%	0.98%	1.23%	2.25%	4.75%	5.52%	1.12%	1.08%	2.29%
Net Interest Margin	-0.61%	-0.87%	-1.16%	-2.07%	-1.85%	-0.58%	-0.32%	-0.88%	-2.39%	-2.6%
Efficiency Ratio	14.41%	15.29%	14.47%	14.16%	13.91%	12.05%	10.09%	13.09%	12.6%	11.39%
Equity / Assets	19.5%	22.95%	21.48%	52.19%	24.05%	25.27%	31.32%	30.22%	27.45%	25.14%
Book Value / Share	36.74	38.4	38.32	83.16	42.79	51.88	70.16	65.07	67.77	75.73
NII Growth	3.7%	-19.03%	-45.88%	-63.63%	1.53%	65.68%	37.15%	-141.97%	-187.68%	-28.27%
Dividend Payout	306.22%	-	25.58%	20.19%	11.22%	15.11%	12.23%	21.77%	21.38%	9.57%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Advisory Fees	-	-	-	-	-	-	-	-	415.68M	483.43M
Advisory Fees Growth	-	-	-	-	-	-	-	-	-	16.30%
Investment Banking, Advisory	-	-	-	-	-	-	-	-	69.62M	107.27M
Investment Banking, Advisory Growth	-	-	-	-	-	-	-	-	-	54.07%
Investment Banking, Capital Markets	-	-	-	-	-	-	-	-	48.04M	69.18M
Investment Banking, Capital Markets Growth	-	-	-	-	-	-	-	-	-	43.99%
Other	-	-	-	-	-	-	-	-	17.1M	20.69M
Other Growth	-	-	-	-	-	-	-	-	-	20.98%
Private Client	521.53M	504.19M	592.75M	-2.82M	16.5M	12.09M	665.06M	675.68M	-	-
Private Client Growth	-	-3.32%	17.56%	-100.48%	684.76%	-26.70%	5400.00%	1.60%	-	-
Capital Markets	279.59M	254.93M	231.63M	444K	118K	454K	625.7M	337.82M	-	-
Capital Markets Growth	-	-8.82%	-9.14%	-99.81%	-73.42%	284.75%	137720.26%	-46.01%	-	-
Asset Management	97.12M	92.85M	89.9M	71.7M	2K	13K	104.6M	99.24M	-	-
Asset Management Growth	-	-4.40%	-3.18%	-20.25%	-100.00%	550.00%	804500.00%	-5.12%	-	-
Corporate And Other	-	5.8M	6.06M	2M	1.12M	344K	-1.33M	-1.8M	-	-
Corporate And Other Growth	-	-	4.40%	-66.98%	-43.80%	-69.40%	-485.76%	-35.80%	-	-
Commercial Mortgage	30.58M	-	-	-	-	-	-	-	-	-
Commercial Mortgage Growth	-	-	-	-	-	-	-	-	-	-
Corporate and Other	-435K	-	-	-	-	-	-	-	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	-	-	-	-	-	-	-	1.06B	1.2B	1.38B
Americas Growth	-	-	-	-	-	-	-	-	13.36%	14.73%
Europe / Middle East	-	-	36.36M	29.29M	31.6M	45.77M	51.7M	47.08M	46.49M	52.51M
Europe / Middle East Growth	-	-	-	-19.45%	7.88%	44.84%	12.96%	-8.93%	-1.25%	12.96%
Asia	3.98M	3.5M	3.37M	3.73M	3.44M	6.14M	5.71M	5.67M	2.78M	3.73M
Asia Growth	-	-11.99%	-3.66%	10.77%	-8.01%	78.73%	-7.03%	-0.63%	-51.05%	34.28%
UNITED STATES	883.8M	815.23M	880.6M	925.13M	998.34M	1.15B	1.34B	-	-	-
UNITED STATES Growth	-	-7.76%	8.02%	5.06%	7.91%	14.87%	16.56%	-	-	-
Europe Middle East	40.6M	39.05M	-	-	-	-	-	-	-	-
Europe Middle East Growth	-	-3.83%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Oppenheimer Holdings Inc. (OPY) has a price-to-earnings (P/E) ratio of 12.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Oppenheimer Holdings Inc. (OPY) grew revenue by 14.7% over the past year. This is steady growth.

Yes, Oppenheimer Holdings Inc. (OPY) is profitable, generating $84.8M in net income for fiscal year 2024 (5.0% net margin).

Dividend & Returns

Yes, Oppenheimer Holdings Inc. (OPY) pays a dividend with a yield of 0.77%. This makes it attractive for income-focused investors.

Oppenheimer Holdings Inc. (OPY) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.

Industry Metrics

Oppenheimer Holdings Inc. (OPY) has a net interest margin (NIM) of -2.6%. NIM has been under pressure due to interest rate environment.

Oppenheimer Holdings Inc. (OPY) has an efficiency ratio of 11.4%. This is excellent, indicating strong cost control.

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