PIPR · Piper Sandler Companies - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.90B | $1.53B | $1.36B | $1.44B | $2.04B | $1.25B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $17.40M | $16.80M | $17.90M | $15.60M | $12.60M | $10.70M |
| Operating Income | $374.55M | $218.41M | $122.59M | $134.37M | $441.51M | $68.55M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $80.58M | $60.97M | $23.61M | $33.19M | $111.14M | $19.19M |
| Net Income | $281.33M | $181.11M | $85.49M | $110.67M | $278.51M | $40.50M |
| EPS - Basic | $4.22 | $2.86 | $1.43 | $1.98 | $4.88 | $0.73 |
| EPS - Diluted | $3.96 | $2.56 | $1.24 | $1.63 | $4.11 | $0.68 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $809.41M | $482.83M | $383.10M | $365.62M | $970.97M | $507.94M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $2.59B | $2.26B | $2.14B | $2.18B | $2.57B | $2.00B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | $0 | $125.00M | $125.00M | $195.00M |
| Total Liabilities | $1.01B | $840.16M | $841.51M | $927.53M | $1.34B | $1.07B |
| Stockholders' Equity | $1.37B | $1.23B | $1.09B | $1.05B | $1.06B | $829.42M |
| Retained Earnings | $728.93M | $561.75M | $454.36M | $453.31M | $450.17M | $271.00M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $586.63M | $313.25M | $275.63M | ($224.91M) | $707.09M | $779.76M |
| Investing Cash Flow | ($43.65M) | ($31.77M) | ($10.05M) | ($127.10M) | ($20.58M) | ($435.00M) |
| Financing Cash Flow | ($218.73M) | ($180.61M) | ($249.59M) | ($250.06M) | ($223.12M) | ($87.56M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 19.7% | 14.3% | 9.0% | 9.4% | 21.6% | 5.5% |
| EBITDA margin | 20.6% | 15.4% | 10.3% | 10.4% | 22.2% | 6.3% |
| Net margin | 14.8% | 11.8% | 6.3% | 7.7% | 13.6% | 3.2% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 22.3% | 25.2% | 21.6% | 23.1% | 28.5% | 32.1% |
| Return on assets | 10.9% | 8.0% | 4.0% | 5.1% | 10.9% | 2.0% |
| Return on equity | 20.5% | 14.8% | 7.9% | 10.5% | 26.2% | 4.9% |
| Return on invested capital | - | - | 8.8% | 8.8% | 26.6% | 4.5% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | 0.00 | 0.12 | 0.12 | 0.24 |
| Debt / Assets | - | - | 0.00 | 0.06 | 0.05 | 0.10 |
| Debt / EBITDA | - | - | 0.00 | 0.83 | 0.28 | 2.46 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.89 | 1.84 | 1.97 | 2.07 | 2.42 | 2.41 |
| Liabilities / Assets | 0.39 | 0.37 | 0.39 | 0.43 | 0.52 | 0.54 |
| Efficiency | ||||||
| Asset turnover | 0.73 | 0.68 | 0.63 | 0.66 | 0.80 | 0.63 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 21.5x | 29.3x | 35.3x | 20.0x | 10.9x | 37.1x |
| P / B | 1.1x | 1.1x | 0.7x | 0.5x | 0.7x | 0.5x |
| P / S | 0.8x | 0.9x | 0.6x | 0.4x | 0.4x | 0.3x |
| EV / EBITDA | 1.8x | 3.6x | 2.6x | 2.1x | -0.2x | 0.8x |
| Growth | ||||||
| Revenue growth (YoY) | 24.3% | 12.8% | -5.4% | -29.7% | 63.0% | 48.0% |
| Revenue CAGR (3y) | 9.9% | -9.1% | 2.7% | 19.2% | 36.6% | 11.9% |
| Revenue CAGR (5y) | 8.7% | 12.6% | 11.1% | 9.9% | 21.5% | 12.5% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 71.5% | 78.2% | -8.8% | -69.6% | 544.1% | -42.4% |
| Net income growth (YoY) | 55.3% | 111.9% | -22.8% | -60.3% | 587.6% | -63.7% |
| EPS growth (YoY) | 54.5% | 106.5% | -23.9% | -60.3% | 504.0% | -91.2% |
| EPS CAGR (3y) | 34.4% | -14.6% | 22.2% | -40.4% | 3.4% | - |
| EPS CAGR (5y) | 42.2% | -19.7% | -19.7% | - | - | -27.3% |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 11.7% | 13.1% | 3.0% | -0.8% | 28.1% | 13.4% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Security Brokers, Dealers & Flotation Companies
Comparing PIPER SANDLER COMPANIES against the 5 most active filers in the same SIC group.
Dividends
$1.98/share trailing 12 months · +41.1% YoY
| Ex-date | Per share |
|---|---|
| May 29, 2026 | $0.2000 |
| Mar 3, 2026 | $1.4250 |
| Nov 25, 2025 | $0.1750 |
| Aug 29, 2025 | $0.1750 |
| May 30, 2025 | $0.1625 |
| Mar 4, 2025 | $0.9125 |
| Nov 22, 2024 | $0.1625 |
| Aug 29, 2024 | $0.1625 |
| May 23, 2024 | $0.1500 |
| Mar 1, 2024 | $0.4000 |
| Nov 20, 2023 | $0.1500 |
| Aug 24, 2023 | $0.1500 |
| May 25, 2023 | $0.1500 |
| Mar 2, 2023 | $0.4625 |
| Nov 22, 2022 | $0.1500 |
| Aug 25, 2022 | $0.1500 |
| May 26, 2022 | $0.1500 |
| Mar 1, 2022 | $1.2750 |
| Nov 22, 2021 | $0.8875 |
| Aug 26, 2021 | $0.1375 |
| May 27, 2021 | $0.1125 |
| Mar 2, 2021 | $0.5625 |
| Nov 23, 2020 | $0.0938 |
| Aug 27, 2020 | $0.0750 |