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PIPRPiper Sandler Companies
$72.74$5.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
PIPR logo

Piper Sandler Companies

PIPR
NYSE · Capital Markets
$72.74
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$5.18B
P/E18.4x
52W High$95.07
Volume562.28K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Fee-Driven Recovery Emerges Amidst New Credit Cycle Risks

Piper Sandler's earnings are inflecting as the M&A and capital markets cycle recovers, with total revenue surging 44.1% YoY to $496.3M in 2026Q2, driving the efficiency ratio to 75.3%. However, the firm's core advisory model is now accompanied by a material an...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

PIPR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-11% Peers

P/E is 11% below peer median

03

Market leadership

RS 38 · Lag

Laggard (Underperforming 62% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 30

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PIPR-14.77%
S&P 500 (^GSPC)+13.20%
1-Year Return
PIPR-17.91%
S&P 500 (^GSPC)+15.98%
3-Year Return
PIPR+113.69%
S&P 500 (^GSPC)+78.33%
5-Year Return
PIPR+136.23%
S&P 500 (^GSPC)+69.70%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
18.3x
Forward P/EExpansion
15.7x
EV/EBITDA20th %ile
10.8x
FCF YieldCash Flow
13.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
18.3x
21.4x
20th· Low
EV/EBITDA
10.8x
13.0x
20th· Low
Price/FCF
7.4x
11.3x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$45.05-38.1%
Base (Fair)$68.12-5.9%
Bull$60.16-17.3%
$45.05 Bear$68.12 Base$60.16 Bull
Current Market Price: $72.74
Trades at a 6.8% premium to Base DCF ($68.12)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.9B+28.7% YoY
Net income
$281M+55.3% YoY
Free cash flow
$698M+134.3% YoY
Operating margin
20.3%+5.5 pts YoY
ROIC (TTM)18%
Avg ROIC 5Y-
ROE (TTM)18.8%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$1.04+18.9%
vs $0.88
$496M+11.3%
vs $445M
Q2 2026
May 1, 2026
$1.00+17.6%
vs $0.85
$474M+8.7%
vs $436M
Q1 2026
Feb 6, 2026
$1.72+45.8%
vs $1.18
$635M+22.5%
vs $518M
Q4 2025
Oct 31, 2025
$0.95+19.8%
vs $0.79
$455M+7.5%
vs $424M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·1d ago
Piper Sandler Companies Elects Wendy L. Schoppert to Board of Directors

MINNEAPOLIS--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Wendy L. Schoppert to its board of directors. “Wendy's deep functional expertise and proven leadership will bring a valued perspective to our Board,” said Chad Abraham, Piper Sandler chairman and chief executive officer. “Her experience as CFO and a director on multiple public company boards, including within the healthcare and consumer sectors, will be important.

Accesswire·Sep 14, 2026
United States Antimony Corporation to Participate in Piper Sandler Growth Frontiers Conference This Week

"The Critical Minerals and ZEO Company" ~ Antimony, Gold, Tungsten, and Zeolite ~ DALLAS, TX / ACCESS Newswire / September 14, 2026 / United States Antimony Corporation ("USAC,""US Antimony," or the "Company"), (NYSE:UAMY)(NYSE Texas:UAMY), a leading producer and processor of antimony, zeolite, and other critical minerals, and the only fully integrated antimony company in the world outside of China and Russia, today announced that certain members of its senior management team will participate in the Piper Sandler Growth Frontiers Conference, being held September 14-16, 2026, in Nashville, Tennessee. The conference is being held at the Virgin Hotels Nashville, 1 Music Square W, Nashville, Tennessee, and brings together institutional investors and senior executives from participating companies.

GuruFocus·Sep 10, 2026
Piper Sandler Launches Equities Trading in Europe with New Office Opening in Paris

[url="]Piper Sandler Companies[/url] (NYSE: PIPR), a leading investment bank, is pleased to announce the launch of equities trading in Europe and has opened a n

Business Wire·Sep 10, 2026
Piper Sandler Launches Equities Trading in Europe with New Office Opening in Paris

PARIS--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the launch of equities trading in Europe and has opened a new office in Paris. Ben Allen, head of sales and trading for Piper Sandler Europe, will lead the Paris office, where the firm has appointed two strategic hires to further strengthen its European expansion. Louis Renaudie joins as senior equity sales, bringing extensive institutional equities experience. Most recently, he contr.

Filtered for Piper Sandler CompaniesMore Headlines
04

Compare before deciding

Benchmark PIPR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Piper Sandler Companies (PIPR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PIPR logoPIPRPiper Sandler CompaniesCurrent
$72.74$5.18B18.3728.72%14.81%18.76%2.21%
MC logoMCMoelis & Company
$58.88$4.36B20.0326.98%14.5%35.63%—
PJT logoPJTPJT Partners Inc.
$150.23$3.88B22.4914.77%10.58%20.72%—
HLI logoHLIHoulihan Lokey, Inc.
$130.97$9.15B21.069.55%16.1%17.36%—
LAZ logoLAZLazard Inc
$36.60$3.57B16.873.36%6.89%23.85%—
EVR logoEVREvercore Inc.
$263.20$10.18B18.7329.41%15.74%45.81%—

Compare PIPR vs Peers

Piper Sandler Companies (PIPR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MC

Most directly comparable listed peer for PIPR.

Scale Benchmark

vs MS

Larger-name benchmark to compare PIPR against a more recognizable public peer.

Peer Set

Compare Top 5

vs MC, PJT, HLI, LAZ

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

PIPR SEC Filings & Documents

Piper Sandler Companies (PIPR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

May 21, 2026·SEC

Material company update

May 1, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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PIPR Frequently Asked Questions

Piper Sandler Companies (PIPR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Piper Sandler Companies growing?

Piper Sandler Companies (PIPR) grew revenue by 28.7% over the past year. This is strong growth.

Is PIPR profitable?

Yes, Piper Sandler Companies (PIPR) is profitable, generating $307.3M in net income for fiscal year 2025 (14.8% net margin).

Dividend & Returns
Does PIPR pay dividends?

Yes, Piper Sandler Companies (PIPR) pays a dividend with a yield of 2.21%. This makes it attractive for income-focused investors.

What is PIPR's return on equity?

Piper Sandler Companies (PIPR) has a return on equity (ROE) of 18.8%. This is reasonable for most industries.

Industry Metrics
What is Piper Sandler Companies's net interest margin?

Piper Sandler Companies (PIPR) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

What is Piper Sandler Companies's efficiency ratio?

Piper Sandler Companies (PIPR) has an efficiency ratio of 73.5%. This is higher than peers, suggesting room for cost optimization.

What if you invested $1,000 in PIPR back in 2000?

Total return calculator · dividends reinvested · 26+ years of data

See returns →