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Feb 4, 2026·SEC
Piper Sandler Companies (PIPR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Piper Sandler Companies (PIPR) stock price & volume — 10-year historical chart
Piper Sandler Companies (PIPR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Piper Sandler Companies (PIPR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $1.00vs $0.85+17.6% | $474Mvs $436M+8.7% |
| Q1 2026 | Feb 6, 2026 | $1.72vs $1.18+45.8% | $635Mvs $518M+22.5% |
| Q4 2025 | Oct 31, 2025 | $3.82vs $3.17+20.5% | $462Mvs $424M+9.2% |
| Q3 2025 | Aug 1, 2025 | $2.95vs $2.25+31.1% | $394Mvs $409M-3.7% |
Piper Sandler Companies (PIPR) competitors in Investment Banking and M&A Advisory — business model, growth, and fundamentals comparison
Piper Sandler Companies (PIPR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Piper Sandler Companies (PIPR) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 11.69M | 16.2M | 15.01M | -1.28M | -3.77M | 10.88M | 16.58M | 27.23M | 65.31M |
NII Growth % | 10.78% | 38.61% | -7.35% | -108.54% | -194.07% | 388.96% | 52.29% | 64.25% | 139.88% |
Net Interest Margin % | 0.58% | 1.2% | 0.92% | -0.06% | -0.15% | 0.5% | 0.77% | 1.21% | 2.52% |
Interest Income | 31.95M | 32.75M | 26.74M | 13.16M | 6.97M | 20.36M | 26.72M | 32.91M | 70.15M |
Interest Expense | 20.27M | 16.55M | 11.73M | 14.45M | 10.73M | 9.48M | 10.15M | 5.68M | 4.84M |
Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 116.92M |
Non-Interest Income | 803.77M | 691.62M | 783.55M | 1.18B | 1.98B | 1.36B | 1.28B | 1.45B | 1.83B |
Non-Interest Income % | 96.18% | 95.48% | 96.7% | 98.9% | 99.65% | 98.53% | 97.96% | 97.78% | 96.32% |
Total Revenue | 835.72M▲ 0% | 724.37M▼ 13.3% | 810.29M▲ 11.9% | 1.2B▲ 47.6% | 1.98B▲ 65.8% | 1.38B▼ 30.2% | 1.31B▼ 5.3% | 1.48B▲ 13.1% | 1.9B▲ 28.6% |
Revenue Growth % | 9.64% | -13.32% | 11.86% | 47.56% | 65.8% | -30.23% | -5.29% | 13.08% | 28.55% |
Non-Interest Expense | 736.14M | 635.33M | 679.58M | 1.11B | 1.53B | 1.24B | 1.18B | 1.26B | 1.4B |
Efficiency Ratio | 88.08% | 87.71% | 83.87% | 93.06% | 77.19% | 89.6% | 89.87% | 84.87% | 73.36% |
Operating Income | 79.32M▲ 0% | 72.49M▼ 8.6% | 118.98M▲ 64.1% | 68.55M▼ 42.4% | 441.51M▲ 544.1% | 134.37M▼ 69.6% | 122.59M▼ 8.8% | 218.41M▲ 78.2% | 385.53M▲ 76.5% |
Operating Margin % | 9.49% | 10.01% | 14.68% | 5.73% | 22.27% | 9.72% | 9.36% | 14.74% | 20.25% |
Operating Income Growth % | 356.9% | -8.61% | 64.13% | -42.39% | 544.09% | -69.57% | -8.77% | 78.17% | 76.52% |
Pretax Income | 79.32M▲ 0% | 72.49M▼ 8.6% | 118.98M▲ 64.1% | 68.55M▼ 42.4% | 441.51M▲ 544.1% | 134.37M▼ 69.6% | 122.59M▼ 8.8% | 218.41M▲ 78.2% | 374.55M▲ 71.5% |
Pretax Margin % | 9.49% | 10.01% | 14.68% | 5.73% | 22.27% | 9.72% | 9.36% | 14.74% | 19.67% |
Income Tax | 53.81M | 18.05M | 24.58M | 19.19M | 111.14M | 33.19M | 23.61M | 60.97M | 80.58M |
Effective Tax Rate % | 67.84% | 24.89% | 20.66% | 28% | 25.17% | 24.7% | 19.26% | 27.92% | 21.51% |
Net Income | -61.94M▲ 0% | 57.04M▲ 192.1% | 111.71M▲ 95.9% | 40.5M▼ 63.7% | 278.51M▲ 587.6% | 110.67M▼ 60.3% | 85.49M▼ 22.8% | 181.11M▲ 111.9% | 281.33M▲ 55.3% |
Net Margin % | -7.41% | 7.87% | 13.79% | 3.39% | 14.05% | 8% | 6.53% | 12.23% | 14.77% |
Net Income Growth % | -182.16% | 192.08% | 95.86% | -63.74% | 587.62% | -60.26% | -22.75% | 111.85% | 55.33% |
Net Income (Continuing) | 25.51M | 54.44M | 94.4M | 49.36M | 330.37M | 101.18M | 98.97M | 157.44M | 293.96M |
EPS (Diluted) | -1.27▲ 0% | 0.93▲ 173.4% | 1.93▲ 107.0% | 0.68▼ 64.7% | 4.11▲ 504.0% | 1.63▼ 60.3% | 1.24▼ 23.9% | 2.56▲ 106.5% | 3.96▲ 54.7% |
EPS Growth % | -193.06% | 173.37% | 106.99% | -64.68% | 504.04% | -60.32% | -23.93% | 106.45% | 54.69% |
EPS (Basic) | -1.27 | 0.95 | 1.37 | 0.74 | 4.88 | 1.98 | 1.43 | 2.86 | 4.22 |
Diluted Shares Outstanding | 51.23M | 53.7M | 55.75M | 59.6M | 67.82M | 67.86M | 68.9M | 70.78M | 71.14M |
Piper Sandler Companies (PIPR) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 33.79M | 50.36M | 250.02M | 507.94M | 970.97M | 365.62M | 383.1M | 482.83M | 809.41M |
Cash & Due from Banks | 33.79M | 50.36M | 250.02M | 507.94M | 970.97M | 365.62M | 383.1M | 482.83M | 809.41M |
Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Investments | 839.54M | 631.76M | 597.46M | 459.55M | 494.51M | 646.37M | 666.66M | 678.67M | 818.16M |
Investments Growth % | 32.7% | -24.75% | -5.43% | -23.08% | 7.61% | 30.71% | 3.14% | 1.8% | 20.55% |
Long-Term Investments | 839.54M | 631.76M | 597.46M | 459.55M | 494.51M | 646.37M | 666.66M | 678.67M | 818.16M |
Accounts Receivables | 27.86M | 23.23M | 21.55M | 38.84M | 51.4M | 42.65M | 27.77M | 97.18M | 87.86M |
Goodwill & Intangibles | 104.69M | 94.23M | 104.33M | 377.37M | 347.29M | 436.79M | 417.96M | 419.53M | 418.86M |
Goodwill | 81.86M | 81.86M | 87.65M | 227.51M | 227.51M | 301.15M | 301.76M | 312.02M | 319.26M |
Intangible Assets | 22.83M | 12.37M | 16.69M | 149.86M | 119.78M | 135.64M | 116.2M | 107.5M | 99.6M |
PP&E (Net) | 25.18M | 32.62M | 69.88M | 126.36M | 123.1M | 155.95M | 130.16M | 126.02M | 141.33M |
Other Assets | 920.27M | 434.44M | 220.99M | 146.79M | 146.72M | 16.55M | 333.58M | -702.74M | 133.24M |
Total Current Assets | 33.79M | 50.36M | 568.02M | 782.85M | 1.3B | 734.9M | 383.1M | 834.01M | 924.94M |
Total Non-Current Assets | 1.99B | 1.29B | 1.06B | 1.21B | 1.27B | 1.45B | 1.76B | 707.13M | 1.67B |
Total Assets | 2.02B▲ 0% | 1.35B▼ 33.6% | 1.63B▲ 21.1% | 2B▲ 22.6% | 2.57B▲ 28.4% | 2.18B▼ 15.0% | 2.14B▼ 1.9% | 2.26B▲ 5.4% | 2.59B▲ 14.9% |
Asset Growth % | -4.74% | -33.56% | 21.07% | 22.62% | 28.45% | -14.96% | -1.86% | 5.37% | 14.93% |
Return on Assets (ROA) | -2.98% | 3.38% | 7.51% | 2.23% | 12.21% | 4.66% | 3.96% | 8.24% | 11.6% |
Accounts Payable | 19.39M | 8.66M | 7.51M | 18.59M | 13.25M | 4.62M | 979K | 5.86M | 22.36M |
Total Debt | 414.94M | 49.95M | 282.15M | 294.48M | 214.63M | 234.77M | 164.16M | 98.82M | 116.35M |
Net Debt | 381.14M | -411K | 32.13M | -213.46M | -756.34M | -130.85M | -218.93M | -384.01M | -693.06M |
Long-Term Debt | 125M | 0 | 175M | 195M | 125M | 125M | 40.44M | 0 | 0 |
Short-Term Debt | 289.94M | 49.95M | 49.98M | 0 | 0 | 0 | 30M | 10M | 15M |
Other Liabilities | -125M | 0 | 532.53M | 757.99M | 986.11M | 632.45M | 572.01M | 715.13M | 867.84M |
Total Current Liabilities | 916.41M | 617.87M | 57.49M | 18.59M | 137.72M | 60.31M | 135.33M | 36.22M | 40.66M |
Total Non-Current Liabilities | 414.94M | 49.95M | 764.7M | 1.05B | 1.2B | 867.22M | 706.18M | 803.95M | 969.2M |
Total Liabilities | 1.28B | 614.85M | 822.19M | 1.07B | 1.34B | 927.53M | 841.51M | 840.16M | 1.01B |
Total Equity | 741.24M▲ 0% | 730.42M▼ 1.5% | 806.53M▲ 10.4% | 926.08M▲ 14.8% | 1.23B▲ 32.5% | 1.25B▲ 2.2% | 1.3B▲ 3.6% | 1.42B▲ 8.9% | 1.58B▲ 11.8% |
Equity Growth % | -9.19% | -1.46% | 10.42% | 14.82% | 32.48% | 2.21% | 3.62% | 8.95% | 11.8% |
Equity / Assets (Capital Ratio) | 36.61% | 54.3% | 49.52% | 46.37% | 47.82% | 57.48% | 60.7% | 62.76% | 61.05% |
Return on Equity (ROE) | -7.95% | 7.75% | 14.54% | 4.68% | 25.87% | 8.92% | 6.7% | 13.34% | 18.76% |
Book Value per Share | 14.47 | 13.60 | 14.47 | 15.54 | 18.09 | 18.48 | 18.86 | 20.00 | 22.25 |
Tangible BV per Share | 12.43 | 11.85 | 12.60 | 9.21 | 12.97 | 12.04 | 12.79 | 14.08 | 16.36 |
Common Stock | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K | 195K |
Additional Paid-in Capital | 791.97M | 796.36M | 757.67M | 847.78M | 925.39M | 1.04B | 988.14M | 981.72M | 957.73M |
Retained Earnings | 176.27M | 182.55M | 258.67M | 271M | 450.17M | 453.31M | 454.36M | 561.75M | 728.93M |
Accumulated OCI | -1.28M | -1.4M | -872K | -197K | -964K | -2.5M | -894K | -1.18M | 2.73M |
Treasury Stock | -273.82M | -300.27M | -284.38M | -289.36M | -312.57M | -441.65M | -356.3M | -314.66M | -318.58M |
Preferred Stock | 279K | 398K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Piper Sandler Companies (PIPR) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 232.12M | 509.85M | 67.8M | 779.76M | 707.09M | -224.91M | 275.63M | 313.25M | 732.19M |
Operating CF Growth % | 375.83% | 119.65% | -86.7% | 1050.13% | -9.32% | -131.81% | 222.55% | 13.65% | 133.74% |
Net Income | -59.55M | 55.83M | 118.17M | 49.36M | 330.37M | 101.18M | 98.97M | 157.44M | 281.33M |
Depreciation & Amortization | 22.65M | 18.82M | 19.12M | 55.43M | 42.71M | 31.01M | 37.37M | 27.07M | 27.39M |
Deferred Taxes | -3.37M | -652K | 11.32M | -36.18M | -53.98M | -32.8M | 11.43M | 17.62M | 0 |
Other Non-Cash Items | 121.1M | 5.14M | -28.39M | 3.54M | 9.51M | 9.32M | 10.82M | 16.64M | 167.36M |
Working Capital Changes | 82.34M | 386.38M | -84.44M | 585.94M | 207.04M | -464.82M | 23.27M | -8.88M | 256.12M |
Cash from Investing | -7.99M | -15.8M | 26.69M | -435M | -20.58M | -127.1M | -10.05M | -31.77M | -178.01M |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -145.57M |
Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.21M |
Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -134.36M |
Acquisitions | 0 | 0 | 33.21M | -417.41M | 0 | -96.5M | 0 | -16.27M | -8.99M |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | -233.12M | -476.77M | 104.66M | -87.56M | -223.12M | -250.06M | -249.59M | -180.61M | -229.94M |
Dividends Paid | -18.95M | -47.16M | -35.59M | -28.17M | -99.35M | -107.53M | -84.44M | -73.73M | -114.15M |
Share Repurchases | -25.48M | -70.9M | -50.58M | -21.96M | -69.9M | -187.33M | -70.68M | -66.43M | -125.04M |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.25M |
Net Stock Activity | -25.48M | -70.9M | -50.58M | -21.96M | -69.9M | -187.33M | -70.68M | -66.43M | -120.8M |
Debt Issuance (Net) | -1000K | -1000K | 1000K | -1000K | -1000K | 0 | -1000K | -1000K | 1000K |
Other Financing | -9.8M | 6.28M | 15.81M | 12.56M | 16.13M | 44.8M | 538K | -3.12M | 0 |
Net Change in Cash | -7.57M▲ 0% | 16.57M▲ 319.0% | 199.65M▲ 1104.8% | 257.92M▲ 29.2% | 463.03M▲ 79.5% | -605.34M▼ 230.7% | 17.47M▲ 102.9% | 99.74M▲ 470.8% | 326.58M▲ 227.4% |
Exchange Rate Effect | 1.53M | -651K | 508K | 702K | -363K | -3.27M | 1.48M | -1.14M | 2.34M |
Cash at Beginning | 41.36M | 33.79M | 50.36M | 250.02M | 507.94M | 970.97M | 365.62M | 383.1M | 482.83M |
Cash at End | 33.79M | 50.36M | 250.02M | 507.94M | 970.97M | 365.62M | 383.1M | 482.83M | 809.41M |
Interest Paid | 19.92M | 17.13M | 12.04M | 14.48M | 10.78M | 9.48M | 10.16M | 5.69M | 0 |
Income Taxes Paid | 31.89M | 17.13M | 9.58M | 28.89M | 165.91M | 85.43M | 19.45M | 10.91M | 0 |
Free Cash Flow | 224.02M▲ 0% | 493.99M▲ 120.5% | 61.28M▼ 87.6% | 762.18M▲ 1143.7% | 686.51M▼ 9.9% | -255.51M▼ 137.2% | 265.58M▲ 203.9% | 297.76M▲ 12.1% | 697.53M▲ 134.3% |
FCF Growth % | 493.2% | 120.51% | -87.59% | 1143.73% | -9.93% | -137.22% | 203.94% | 12.12% | 134.26% |
Piper Sandler Companies (PIPR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -2.66% | -7.95% | 7.75% | 14.54% | 4.68% | 25.87% | 8.92% | 6.7% | 13.34% | 18.76% |
Return on Assets (ROA) | -1.03% | -2.98% | 3.38% | 7.51% | 2.23% | 12.21% | 4.66% | 3.96% | 8.24% | 11.6% |
Net Interest Margin | 0.5% | 0.58% | 1.2% | 0.92% | -0.06% | -0.15% | 0.5% | 0.77% | 1.21% | 2.52% |
Efficiency Ratio | 101.1% | 88.08% | 87.71% | 83.87% | 93.06% | 77.19% | 89.6% | 89.87% | 84.87% | 73.36% |
Equity / Assets | 38.4% | 36.61% | 54.3% | 49.52% | 46.37% | 47.82% | 57.48% | 60.7% | 62.76% | 61.05% |
Book Value / Share | 15.97 | 14.47 | 13.6 | 14.47 | 15.54 | 18.09 | 18.48 | 18.86 | 20 | 22.25 |
NII Growth | -41.9% | 10.78% | 38.61% | -7.35% | -108.54% | -194.07% | 388.96% | 52.29% | 64.25% | 139.88% |
Dividend Payout | - | - | 82.68% | 31.86% | 69.55% | 35.67% | 97.16% | 98.78% | 40.71% | 40.57% |
Piper Sandler Companies (PIPR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 23, 2026·SEC
Feb 6, 2026·SEC
Feb 4, 2026·SEC
Piper Sandler Companies (PIPR) stock FAQ — growth, dividends, profitability & financials explained
Piper Sandler Companies (PIPR) grew revenue by 28.6% over the past year. This is strong growth.
Yes, Piper Sandler Companies (PIPR) is profitable, generating $281.3M in net income for fiscal year 2025 (14.8% net margin).
Yes, Piper Sandler Companies (PIPR) pays a dividend with a yield of 1.96%. This makes it attractive for income-focused investors.
Piper Sandler Companies (PIPR) has a return on equity (ROE) of 18.8%. This is reasonable for most industries.
Piper Sandler Companies (PIPR) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.
Piper Sandler Companies (PIPR) has an efficiency ratio of 73.4%. This is higher than peers, suggesting room for cost optimization.