What is Piper Sandler Companies's earnings per share (EPS)?

Piper Sandler Companies (PIPR) reported diluted earnings per share of $15.82 for fiscal year 2025. This represents a 54.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Piper Sandler Companies (PIPR) Financials

PIPR

Trailing 12 months to June 30, 2026

Revenue $2.1B +32.4% YoY

Net Income $307.3M +45.7% YoY

EPS (Diluted) $15.82 FY2025 annual

Operating Cash Flow $506.2M +634.9% YoY

Market Cap $4.5B as of Oct 8, 2026

Price / Sales 2.2x on $2.1B revenue, trailing 12 months to June 30, 2026

Price / Earnings 14.8x on $307.3M net income, trailing 12 months to June 30, 2026

Price / Book 3.3x on $1.4B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PIPR SEC filings page.

Piper Sandler Companies (PIPR) reported $2.1B in revenue over the twelve months to Jun 30, 2026, up 32.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PIPR FY2025 2026-10-03

Profit and cash generation recovered together, while higher leverage shows the business is operating with a larger financing base.

From FY2023 to FY2025, revenue recovered from $1.35B to $1.90B, indicating the earnings rebound was accompanied by renewed business activity. By FY2025, net margin reached 14.8% while operating cash flow reached $586.6M—more than twice net income—so the recovery was accompanied by cash generation, not merely accounting profit.

Reported leverage moved from 0.0x in FY2023 to 0.7x in FY2025. Equity also expanded to $1.37B, suggesting the larger balance sheet included more financing claims rather than being built only from accumulated profits.

From FY2023 to FY2025, SG&A rose 32.2% while revenue rose 40.9%, so expenses grew more slowly than activity. This pattern points to fixed-cost absorption or operating leverage, although the available lines cannot distinguish that mechanism from changes in business mix.

Financial Health Signals

Financial Health Score 53/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Piper Sandler Companies's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Piper Sandler Companies earned a return on assets of 10.8% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 8.0% the prior year. Earnings ranks banks on that return over three years, and Piper Sandler Companies scores 99/100 among other banks.

Growth

Piper Sandler Companies reported revenue of $1.9B in fiscal year 2025, against $1.5B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Piper Sandler Companies scores 77/100 among other banks.

Capital

Piper Sandler Companies funded 52.9% of its assets with shareholders' equity at the end of fiscal year 2025, holding $1.4B of equity against $2.6B of assets. Capital ranks banks on that cushion, and Piper Sandler Companies scores 93/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Piper Sandler Companies scores 13/100 on it among other banks.

Credit Quality

Not available for Piper Sandler Companies, and counted as zero in the overall score.

Stability

Piper Sandler Companies reported net income of $281.3M in fiscal year 2025, against $181.1M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Piper Sandler Companies scores 33/100 among other banks.

Piotroski F-Score Partial

5/6

Piper Sandler Companies passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.09x

For every $1 of reported earnings, Piper Sandler Companies generates $2.09 in operating cash flow ($586.6M OCF vs $281.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$495.5M

YoY+24.9%

QoQ+4.4%

5Y CAGR-0.5%

10Y CAGR+11.3%

Piper Sandler Companies generated $495.5M in revenue in Q2 2026. This represents an increase of 24.9% from the same quarter a year earlier. Against the prior quarter it is up 4.4%.

Net Income

$67.8M

YoY+60.8%

QoQ+4.0%

5Y CAGR-0.6%

10Y CAGR+42.7%

Piper Sandler Companies reported $67.8M in net income in Q2 2026. This represents an increase of 60.8% from the same quarter a year earlier. Against the prior quarter it is up 4.0%.

EPS (Diluted)

$0.95

QoQ+3.3%

5Y CAGR-25.4%

10Y CAGR+23.0%

Piper Sandler Companies earned $0.95 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 3.3%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$304.2M

YoY+146.7%

QoQ-11.7%

5Y CAGR-5.2%

10Y CAGR+5.9%

Piper Sandler Companies held $304.2M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.20

QoQ-86.0%

5Y CAGR-15.0%

Piper Sandler Companies paid $0.20 per share in dividends in Q2 2026. Against the prior quarter it is down 86.0%.

Shares Outstanding

71M

QoQ-0.5%

5Y CAGR+31.4%

10Y CAGR+16.6%

Piper Sandler Companies had 71M shares outstanding in Q2 2026. Against the prior quarter it is down 0.5%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin

13.7%

YoY+3.1pp

QoQ-0.1pp

5Y change0.0pp

10Y change+12.6pp

Piper Sandler Companies's net profit margin was 13.7% in Q2 2026, showing the share of revenue converted to profit. This is up 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Return on Equity

4.9%

YoY+1.5pp

QoQ+0.1pp

5Y change-2.4pp

10Y change+4.7pp

Piper Sandler Companies's ROE was 4.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$31.0M

YoY+48.2%

QoQ-55.7%

5Y CAGR+12.5%

10Y CAGR-3.2%

Piper Sandler Companies spent $31.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 48.2% from the same quarter a year earlier. Against the prior quarter it is down 55.7%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

PIPR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PIPR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$2.1B	$1.9B+24.5%	$1.5B+13.2%	$1.3B-5.4%	$1.4B-29.8%	$2.0B+64.0%	$1.2B+48.4%	$834.6M+12.6%	$741.0M-10.0%	$823.6M+10.2%	$747.3M+11.1%	$672.9M+3.8%	$648.1M+23.4%	$525.2M+7.4%	$489.0M+13.2%	$432.1M
SG&A Expenses	$1.4B	$1.2B+18.1%	$1.0B+11.9%	$897.0M-8.8%	$983.5M-24.6%	$1.3B+48.7%	$877.5M+70.0%	$516.1M+5.7%	$488.5M-17.2%	$589.6M+15.5%	$510.6M+21.1%	$421.7M+6.9%	$394.5M+22.3%	$322.5M+8.6%	$296.9M+12.0%	$265.0M
Income Tax	N/A	$80.6M+32.2%	$61.0M+158.2%	$23.6M-28.9%	$33.2M-70.1%	$111.1M+479.1%	$19.2M-21.9%	$24.6M+36.2%	$18.0M-66.5%	$53.8M+414.2%	-$17.1M-161.3%	$27.9M-22.4%	$36.0M+76.5%	$20.4M+4.7%	$19.5M+113.5%	$9.1M
Net Income	$307.3M	$281.3M+55.3%	$181.1M+83.0%	$99.0M-2.2%	$101.2M-69.4%	$330.4M+715.6%	$40.5M-63.7%	$111.7M+95.9%	$57.0M+192.1%	-$61.9M-182.2%	-$22.0M-142.2%	$52.1M-17.6%	$63.2M+40.1%	$45.1M+9.3%	$41.3M+140.5%	-$102.0M
EPS (Basic)	N/A	$16.89+47.6%	$11.44+100.0%	$5.72-27.8%	$7.92-59.4%	$19.52+563.9%	$2.94-62.8%	$7.90+109.0%	$3.78+174.6%	-$5.07-193.1%	-$1.73-151.8%	$3.34-13.9%	$3.88+43.7%	$2.70+19.5%	$2.26+134.7%	-$6.51
EPS (Diluted)	—	$15.82+54.5%	$10.24+106.5%	$4.96-23.9%	$6.52-60.3%	$16.43+504.0%	$2.72-64.6%	$7.69+106.7%	$3.72+174.5%	-$4.99-188.4%	-$1.73-151.8%	$3.34-13.7%	$3.87+43.3%	$2.70+19.5%	$2.26+134.7%	-$6.51
Diluted Shares (Avg)	N/A	18M+0.5%	18M+2.7%	17M+1.5%	17M+0.1%	17M+13.8%	15M+6.9%	14M+3.8%	13M+3.4%	13M+1.6%	13M-11.2%	14M-4.2%	15M-0.2%	15M-3.6%	16M-0.4%	16M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Revenue	$495.5M+24.9%	$474.4M+32.8%	$666.0M+37.6%	$479.3M+33.3%	$396.8M+17.0%	$357.3M+4.1%	$484.1M+2.6%	$359.6M+24.2%
SG&A Expenses	$308.7M+19.6%	$296.1M+19.2%	$477.3M+18.7%	$288.9M+25.1%	$258.2M+10.0%	$248.5M+11.7%	$402.0M+4.1%	$231.0M+11.4%
Income Tax	$30.3M+76.7%	$19.6M+367.5%	N/A	$24.9M+63.9%	$17.2M+29.3%	-$7.3M-357.9%	$29.6M+39.3%	$15.2M+48.9%
Net Income	$67.8M+60.8%	$65.2M+0.5%	$114.0M+65.0%	$60.3M+73.2%	$42.2M+21.3%	$64.9M+52.8%	$69.1M+32.7%	$34.8M+797.1%
EPS (Basic)	$1.00+58.7%	$0.96-3.0%	$6.77+57.4%	$3.61+64.8%	$0.63-71.2%	$0.99-63.9%	$4.30+25.0%	$2.19+742.3%
EPS (Diluted)	$0.95	$0.92	$6.40+65.8%	$3.38+72.4%	$0.59	$0.91	$3.86+28.7%	$1.96+790.9%
Diluted Shares (Avg)	71M	71M	18M-0.3%	18M+0.2%	71M	71M	18M+2.9%	18M+3.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense.

PIPR Balance Sheet

PIPR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$2.6B+14.9%	$2.3B+5.4%	$2.1B-1.9%	$2.2B-15.0%	$2.6B+28.4%	$2.0B+22.6%	$1.6B+21.1%	$1.3B-33.6%	$2.0B-4.7%	$2.1B-0.6%	$2.1B-18.5%	$2.6B+13.2%	$2.3B+11.0%	$2.1B+26.1%	$1.7B
Cash & Equivalents	$809.4M+67.6%	$482.8M+26.0%	$383.1M+4.8%	$365.6M-62.3%	$971.0M+91.2%	$507.9M+103.2%	$250.0M+396.4%	$50.4M+49.0%	$33.8M-52.0%	$70.4M-62.9%	$189.9M+1096.9%	$15.9M-87.2%	$123.7M+17.4%	$105.4M+23.9%	$85.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$319.3M+2.3%	$312.0M+3.4%	$301.8M+0.2%	$301.2M+32.4%	$227.5M0.0%	$227.5M+159.6%	$87.6M+7.1%	$81.9M0.0%	$81.9M-58.3%	$196.2M-10.0%	$218.0M+2.9%	$211.9M+0.6%	$210.6M+7.0%	$196.8M0.0%	$196.8M
Total Liabilities	$1.0B+20.2%	$840.2M-0.2%	$841.5M-9.3%	$927.5M-30.7%	$1.3B+25.0%	$1.1B+30.3%	$822.2M+33.7%	$614.9M-52.1%	$1.3B-2.0%	$1.3B+0.3%	$1.3B-21.1%	$1.7B+15.2%	$1.4B+10.7%	$1.3B+43.4%	$905.1M
Long-Term Debt	N/A	N/A	$0-100.0%	$125.0M0.0%	$125.0M-35.9%	$195.0M+11.4%	$175.0M	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$115.0M
Total Equity	$1.4B+11.7%	$1.2B+13.1%	$1.1B+3.0%	$1.1B-0.8%	$1.1B+28.1%	$829.4M+13.4%	$731.3M+7.9%	$677.4M-2.3%	$693.3M-8.7%	$759.3M-3.1%	$783.7M-4.4%	$819.9M+11.6%	$734.7M+0.2%	$733.3M+2.1%	$718.4M
Retained Earnings	$728.9M+29.8%	$561.7M+23.6%	$454.4M+0.2%	$453.3M+0.7%	$450.2M+66.1%	$271.0M+4.8%	$258.7M+41.7%	$182.6M+3.6%	$176.3M-31.5%	$257.2M-7.9%	$279.1M+22.9%	$227.1M+38.5%	$163.9M+38.0%	$118.8M+53.2%	$77.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Total Assets	$2.3B+18.8%	$2.1B+17.0%	$2.6B+14.9%	$2.2B+9.2%	$2.0B+2.0%	$1.8B-0.1%	$2.3B+5.4%	$2.0B+3.4%
Cash & Equivalents	$304.2M+146.7%	$344.4M+173.2%	$809.4M+67.6%	$114.0M-67.4%	$123.3M-61.6%	$126.1M+80.2%	$482.8M+26.0%	$350.2M+575.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$319.3M+2.3%	$319.3M+2.3%	$319.3M+2.3%	$319.4M+2.9%	$311.9M+3.4%	$311.9M+3.4%	$312.0M+3.4%	$310.3M+2.8%
Total Liabilities	$759.4M+35.7%	$572.2M+29.3%	$1.0B+20.2%	$756.7M+12.9%	$559.7M-3.4%	$442.4M-11.1%	$840.2M-0.2%	$670.0M-10.3%
Total Equity	$1.4B+11.6%	$1.3B+10.6%	$1.4B+11.7%	$1.3B+9.9%	$1.2B+9.2%	$1.2B+10.3%	$1.2B+13.1%	$1.2B+12.9%
Retained Earnings	$734.0M+26.2%	$680.5M+22.3%	$728.9M+29.8%	$629.8M+24.6%	$581.5M+20.8%	$556.4M+20.6%	$561.7M+23.6%	$505.3M+22.5%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

PIPR Cash Flow Statement

PIPR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$506.2M	$586.6M+87.3%	$313.3M+13.7%	$275.6M+222.6%	-$224.9M-131.8%	$707.1M-9.3%	$779.8M+1050.1%	$67.8M-86.7%	$509.8M+151.1%	$203.0M+6394.6%	-$3.2M-100.8%	$379.5M+858.0%	-$50.1M-218.8%	$42.2M+119.9%	-$211.8M-203.1%	$205.3M
Depreciation & Amortization	N/A	$17.4M+3.6%	$16.8M-6.1%	$17.9M+14.7%	$15.6M+23.8%	$12.6M+17.8%	$10.7M+15.1%	$9.3M+14.8%	$8.1M+15.7%	$7.0M+9.4%	$6.4M+25.5%	$5.1M-3.8%	$5.3M-5.4%	$5.6M-13.8%	$6.5M-53.1%	$13.9M
Stock-Based Compensation	N/A	$123.9M+19.9%	$103.4M+10.2%	$93.8M-28.5%	$131.2M-23.5%	$171.4M+40.9%	$121.7M+280.2%	$32.0M-27.7%	$44.3M+11.2%	$39.8M-28.8%	$56.0M+14.8%	$48.8M+69.5%	$28.8M+33.2%	$21.6M+4.6%	$20.6M-9.5%	$22.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$5.5M+157.0%	$2.1M-72.1%	$7.6M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$36.7M+117.2%	-$213.9M-208.2%	$197.7M
Investing Cash Flow	-$29.4M	-$43.7M-37.4%	-$31.8M-216.0%	-$10.1M+92.1%	-$127.1M-517.7%	-$20.6M+95.3%	-$435.0M-1729.7%	$26.7M+268.9%	-$15.8M-97.7%	-$8.0M+90.5%	-$83.7M-418.3%	-$16.2M-199.9%	-$5.4M+82.0%	-$30.0M-1305.5%	-$2.1M+72.3%	-$7.7M
Financing Cash Flow	-$293.8M	-$218.7M-21.1%	-$180.6M+27.6%	-$249.6M+0.2%	-$250.1M-12.1%	-$223.1M-154.8%	-$87.6M-183.7%	$104.7M+122.0%	-$476.8M-104.5%	-$233.1M-109.0%	-$111.6M+41.0%	-$189.0M-263.3%	-$52.0M-997.2%	$5.8M-97.5%	$234.3M+244.0%	-$162.7M
Dividends Paid	$141.9M	$114.1M+54.8%	$73.7M-12.7%	$84.4M-21.5%	$107.5M+8.2%	$99.3M+252.7%	$28.2M-20.9%	$35.6M-24.5%	$47.2M+148.9%	$18.9M	$0	$0	N/A	N/A	N/A	N/A
Share Buybacks	$124.4M	$125.0M+88.2%	$66.4M-6.0%	$70.7M-62.3%	$187.3M+168.0%	$69.9M+218.2%	$22.0M-56.6%	$50.6M-28.7%	$70.9M+178.3%	$25.5M-64.0%	$70.9M-46.7%	$132.9M+1124.7%	$10.9M-84.8%	$71.5M+51.5%	$47.2M+77.8%	$26.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Operating Cash Flow	$36.3M+12.8%	-$291.7M-40.8%	$729.8M+345.4%	$31.9M-60.2%	$32.1M-87.9%	-$207.2M-5.1%	$163.8M-61.3%	$80.1M+194.0%
Depreciation & Amortization	$6.9M+11.5%	$6.8M+8.0%	N/A	$6.8M+1.3%	$6.2M-5.6%	$6.3M-5.0%	N/A	$6.7M-28.3%
Stock-Based Compensation	$27.5M+39.6%	$28.0M-10.1%	N/A	$23.4M+15.3%	$19.7M-14.0%	$31.2M+16.2%	N/A	$20.3M-5.6%
Investing Cash Flow	-$7.8M+45.2%	-$3.3M+70.3%	-$3.3M+60.8%	-$15.0M+19.7%	-$14.2M-321.0%	-$11.1M-774.4%	-$8.5M-380.5%	-$18.6M-419.3%
Financing Cash Flow	-$68.4M-201.8%	-$168.9M-21.0%	-$31.3M-61.7%	-$25.2M+27.9%	-$22.7M-89.9%	-$139.6M-22.0%	-$19.3M+78.8%	-$35.0M+7.4%
Dividends Paid	$14.4M-15.7%	$100.7M+43.4%	$14.9M+17.9%	$11.9M+11.8%	$17.1M+15.6%	$70.3M+97.0%	$12.6M+23.2%	$10.7M+5.9%
Share Buybacks	$31.0M+48.2%	$69.9M-13.3%	$19.8M+207.4%	$3.7M+54.3%	$20.9M+280.1%	$80.6M+54.8%	$6.5M+111.0%	$2.4M-38.9%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

PIPR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PIPR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	14.8%+2.9pp	11.9%+4.5pp	7.3%+0.2pp	7.1%-9.2pp	16.3%+13.0pp	3.3%-10.1pp	13.4%+5.7pp	7.7%+15.2pp	-7.5%-4.6pp	-2.9%-10.7pp	7.7%-2.0pp	9.8%+1.2pp	8.6%+0.2pp	8.4%+32.0pp	-23.6%
Return on Equity	20.5%+5.8pp	14.8%+5.6pp	9.1%-0.5pp	9.6%-21.5pp	31.1%+26.2pp	4.9%-10.4pp	15.3%+6.9pp	8.4%+17.3pp	-8.9%-6.0pp	-2.9%-9.5pp	6.7%-1.0pp	7.7%+1.6pp	6.1%+0.5pp	5.6%+19.8pp	-14.2%
Return on Assets	10.8%+2.8pp	8.0%+3.4pp	4.6%0.0pp	4.6%-8.2pp	12.9%+10.8pp	2.0%-4.8pp	6.9%+2.6pp	4.2%+7.3pp	-3.1%-2.0pp	-1.0%-3.5pp	2.4%0.0pp	2.4%+0.5pp	1.9%0.0pp	2.0%+8.1pp	-6.2%
Debt-to-Equity	0.74+0.1x	0.68+0.7x	0.00-0.1x	0.120.0x	0.12-0.1x	0.240.0x	0.24-0.7x	0.91-0.9x	1.85+0.1x	1.72+0.1x	1.67-0.4x	2.02+0.1x	1.95+2.0x	0.00-0.2x	0.16
Asset Turnover	0.73+0.1x	0.680.0x	0.630.0x	0.65-0.1x	0.79+0.2x	0.62+0.1x	0.510.0x	0.55+0.1x	0.41+0.1x	0.350.0x	0.31+0.1x	0.250.0x	0.230.0x	0.230.0x	0.26
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	7.0%+50.7pp	-43.8%-89.5pp	45.8%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Net Margin	13.7%+3.1pp	13.8%-4.4pp	17.1%+2.8pp	12.6%+2.9pp	10.6%+0.4pp	18.2%+5.8pp	14.3%+3.2pp	9.7%+8.3pp
Return on Equity	4.9%+1.5pp	4.9%-0.5pp	8.3%+2.7pp	4.7%+1.7pp	3.4%+0.3pp	5.3%+1.5pp	5.6%+0.8pp	3.0%+2.6pp
Return on Assets	2.9%+0.8pp	3.1%-0.5pp	4.4%+1.3pp	2.7%+1.0pp	2.1%+0.3pp	3.6%+1.2pp	3.1%+0.6pp	1.7%+1.5pp
Debt-to-Equity	0.55+0.1x	0.43+0.1x	0.74+0.1x	0.590.0x	0.46-0.1x	0.36-0.1x	0.68+0.7x	0.57+0.5x
Asset Turnover	0.210.0x	0.220.0x	0.260.0x	0.220.0x	0.200.0x	0.200.0x	0.210.0x	0.180.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Piper Sandler Companies PIPR	FY2025	$1.9B	$281.3M	14.8%	$4.5B	53/100
Lazard, Inc. LAZ	FY2025	$3.1B	$237.0M	7.6%	$3.5B	44/100
PJT Partners Inc. PJT	FY2025	$1.7B	$180.1M	10.5%	$3.5B	51/100
MOELIS & COMPANY MC	FY2025	N/A	$259.6M	N/A	$4.2B	—
MARA Holdings, Inc. MARA	FY2025	$907.1M	-$1.3B	N/A	$4.0B	33/100
StoneX Group Inc. SNEX	FY2025	$131.0B	$305.9M	0.2%	$7.4B	53/100

Where Piper Sandler Companies Ranks

Frequently Asked Questions

What is Piper Sandler Companies's annual revenue?

Piper Sandler Companies (PIPR) reported $1.9B in total revenue for fiscal year 2025. This represents a 24.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Piper Sandler Companies's revenue growing?

Piper Sandler Companies (PIPR) revenue grew by 24.5% year-over-year, from $1.5B to $1.9B in fiscal year 2025.

Is Piper Sandler Companies profitable?

Yes, Piper Sandler Companies (PIPR) reported a net income of $281.3M in fiscal year 2025, with a net profit margin of 14.8%.

What is Piper Sandler Companies's net profit margin?

Piper Sandler Companies (PIPR) had a net profit margin of 14.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Piper Sandler Companies pay dividends?

Yes, Piper Sandler Companies (PIPR) paid $5.70 per share in dividends during fiscal year 2025.

What is Piper Sandler Companies's return on equity (ROE)?

Piper Sandler Companies (PIPR) has a return on equity of 20.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Piper Sandler Companies's operating cash flow?

Piper Sandler Companies (PIPR) generated $586.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Piper Sandler Companies's total assets?

Piper Sandler Companies (PIPR) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Piper Sandler Companies buy back shares?

Yes, Piper Sandler Companies (PIPR) spent $125.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Piper Sandler Companies have outstanding?

Piper Sandler Companies (PIPR) had 18M shares outstanding as of fiscal year 2025.

What is Piper Sandler Companies's debt-to-equity ratio?

Piper Sandler Companies (PIPR) had a debt-to-equity ratio of 0.74 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Piper Sandler Companies's return on assets (ROA)?

Piper Sandler Companies (PIPR) had a return on assets of 10.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Piper Sandler Companies's P/E ratio?

Piper Sandler Companies (PIPR) trades at 14.8x earnings, its market capitalization divided by net income of $307.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.5B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Piper Sandler Companies's price-to-sales ratio?

Piper Sandler Companies (PIPR) trades at 2.2x sales, its market capitalization divided by revenue of $2.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.5B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Piper Sandler Companies's Piotroski F-Score?

Piper Sandler Companies (PIPR) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Piper Sandler Companies's earnings high quality?

Piper Sandler Companies (PIPR) has an earnings quality ratio of 2.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Piper Sandler Companies?

Piper Sandler Companies (PIPR) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.