Piper Sandler Companies (PIPR)
NYSE: PIPR · Real-Time Price · USD
75.81
-0.38 (-0.49%)
Jul 31, 2026, 12:06 PM EDT - Market open

Piper Sandler Companies Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,1151,8991,5261,3481,4262,031
Revenue Growth
32.39%24.47%13.20%-5.45%-29.81%64.03%
Gross Profit
810.61693.41501.91430.96421.93709.36
Operating Income
511.98374.55218.41122.59134.37441.51
Net Income
307.32281.33181.1185.49110.67278.51
Earnings Per Share
4.323.962.561.241.634.11
EPS Growth
46.02%54.49%106.45%-23.93%-60.32%504.04%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Advisory Services
1,1391,037808.75709.32776.431,026
Corporate Financing
256.76213.68173.88131.08125.34362.8
Municipal Financing
150.87145.75122.5183.42107.74164.28
Equity Brokerage
241.31230.27215.28209.51210.31154.07
Fixed Income Services
204.46207.42186.17168.03194.95233.51
Interest Income
39.7436.932.9126.7220.376.97
Investment Income
86.2328.23-7.8930.04-0.0294.03
Revenue (Total)
2,1151,8991,5261,3481,4262,031

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
344.43809.42482.83383.1365.62970.97
Total Debt
15151030125125
Net Cash (Debt)
329.43794.42472.83353.1240.62845.97
Net Cash Growth
196.57%68.01%33.91%46.74%-71.56%170.33%
Net Cash Per Share
4.6311.176.685.133.5512.47

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
502.14586.63313.26275.63-224.91707.09
Capital Expenditures
-25.67-34.67-15.5-10.05-30.6-20.58
Free Cash Flow
476.46551.96297.76265.58-255.51686.51
Free Cash Flow Growth
71.48%85.37%12.12%---9.93%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
38.32%36.51%32.89%31.97%29.60%34.93%
Operating Margin
24.20%19.72%14.31%9.09%9.43%21.74%
Pretax Margin
22.91%19.72%14.31%9.09%9.43%21.74%
Profit Margin
17.20%15.48%10.32%7.34%7.10%16.27%
FCF Margin
0.00%29.06%19.51%19.70%-17.92%33.80%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.0500.6750.6250.6000.6000.487
Dividend Per Share Growth
41.07%8.00%4.17%0%23.08%56.00%
Dividend Yield
2.71%2.02%1.55%3.23%5.91%3.90%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
17.5721.4729.2935.2619.9710.86
Forward PE
14.9519.5821.6916.8311.7011.11
P/FCF Ratio
11.362.604.062.50-0.92
PS Ratio
2.560.750.790.490.310.31