Piper Sandler Companies

Piper Sandler Companies

PIPRยทNYSE

$75.63

-2.1%
Financial ServicesFinancial - Capital Markets

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. It provides advisory services, such as mergers and acquisitions, equity private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and offers municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. The company also offers public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, and transportation sectors. In addition, it provides equity and fixed income advisory and trade execution services for institutional investors, and government and non-profit entities. Further, the company is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors, as well as trading activities. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.

At a Glance

Live Snapshot
Market Cap$5.37B
EPS4.2200
P/E Ratio17.92
Earnings Date08/07/2026
3Y-426.0%
5Y-6.0%
10Y+1401.0%
3Y+40.0%
5Y-59.0%
10Y+113.0%
3Y-8.0%
5Y+163.0%
10Y+106.0%
PIPR

Piper Sandler Companies Cash Conversion Engine

PIPR ยท NYSE
Net Income281.33M
Depreciation & Amortization27.39M
Stock-Based Compensation0.00
Change in Working Capital256.12M
Others167.36M
Capital Expenditures-34.66M
Free Cash Flow697.53M

Cash Flow Quality Analysis

FCF Conversion Rate

247.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

4.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+134.3%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$256.12M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Piper Sandler Companies Cash Flow Statement

PIPR โ€ข NYSE

Piper Sandler Companies Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
281.3M
157.4M
99M
101.2M
330.4M
49.4M
118.2M
55.8M
-59.6M
-13.7M
58.5M
74.3M
50.5M
43.7M
-100.6M
23.9M
30.4M
-183M
21.9M
195.4M
27.4M
27.1M
37.4M
31M
42.7M
55.4M
19.1M
18.8M
22.7M
27.6M
12.7M
14.5M
13.7M
14.7M
15.6M
14.8M
9.7M
11.6M
11.4M
14.2M
0.0
17.6M
11.4M
-32.8M
-54M
-36.2M
11.3M
-652K
-3.4M
-31M
-21M
-10.8M
-2.6M
11.5M
17.1M
17.9M
7.4M
-5.8M
687K
4.5M
0.0
103.4M
93.8M
131.2M
171.4M
121.7M
32M
44.3M
39.8M
56M
48.8M
28.8M
21.6M
20.6M
22.8M
31.3M
41.2M
0.0
292K
300K
167.4M
16.6M
10.8M
9.3M
9.5M
3.5M
-28.4M
5.1M
121.1M
91.7M
6.4M
5.3M
8.2M
15.2M
128.7M
7.7M
5.3M
130.5M
60M
-284.6M
(0.0)
(10.9M)
(19.4M)
(85.4M)
(165.9M)
(28.9M)
(9.6M)
(17.1M)
(31.9M)
(27.3M)
(32M)
(58.6M)
(745K)
(5M)
(15M)
(5.4M)
(15.2M)
(4.8M)
(0.0)
(0.0)
256.1M
-8.9M
23.3M
-464.8M
207M
585.9M
-84.4M
386.4M
82.3M
-133.7M
274.2M
-162.2M
-49.2M
-317.5M
121.7M
-121.8M
-210.5M
87.5M
56.8M
22.8M
732.2M
313.3M
275.6M
-224.9M
707.1M
779.8M
67.8M
509.9M
232.1M
48.8M
379.5M
-50.1M
46.6M
-211.8M
203.2M
-27.3M
-116.6M
62.1M
135.4M
-72.4M
INVESTING ACTIVITIES
-34.7M
-15.5M
-10.1M
-30.6M
-20.6M
-17.6M
-6.5M
-15.9M
-8.1M
-11M
-5.9M
-7.4M
-5.5M
-2.1M
-7.6M
-11.8M
-3.7M
-2.4M
-9.7M
-8.3M
-9M
-16.3M
(0.0)
-96.5M
(0.0)
-417.4M
(33.2M)
(0.0)
(0.0)
-72.7M
-11.7M
(0.0)
-24.5M
(0.0)
-56K
-186.9M
(0.0)
-6.3M
-85.9M
(0.0)
-145.6M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
11.2M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.5M
2M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
715.7M
-178M
-31.8M
-10.1M
-127.1M
-20.6M
-435M
(26.7M)
-15.8M
-8M
-83.7M
-16.2M
-5.4M
-30M
-2.1M
-7.7M
-198.6M
-3.7M
-8.7M
-95.6M
(707.4M)
FINANCING ACTIVITIES
-120.8M
-66.4M
-70.7M
-187.3M
-69.9M
-22M
-50.6M
-70.9M
-25.5M
-70.9M
-132.9M
-10.9M
-71.5M
-47.2M
-26.5M
-57.8M
-28.5M
-23.8M
-85.2M
-98.7M
5M
-37.3M
-95M
0.0
-70M
-50M
175M
-365M
-178.9M
-27.4M
43M
-38.7M
37.7M
318.3M
-39.9M
78.9M
144.1M
9M
153.9M
-558.5M
-114.1M
-73.7M
-84.4M
-107.5M
-99.4M
-28.2M
-35.6M
-47.2M
-18.9M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-125M
-66.4M
-70.7M
-187.3M
-69.9M
-22M
-50.6M
-70.9M
-25.5M
-70.9M
-132.9M
-10.9M
-71.5M
-47.2M
-26.5M
-57.8M
-28.5M
-23.8M
-87.5M
(0.0)
0.0
-3.1M
538K
44.8M
16.1M
12.6M
15.8M
6.3M
-9.8M
-13.3M
-174.5M
95.8M
39.6M
-36.9M
-96.2M
213.1M
-58.7M
-138.6M
2.1M
0.0
-229.9M
-180.6M
-249.6M
-250.1M
-223.1M
-87.6M
104.7M
-476.8M
-233.1M
-111.6M
-189M
-52M
1.4M
234.3M
-160.2M
232.7M
113.9M
-153.5M
70.8M
-657.2M
CASH FLOW SUMMARY
2.3M
-1.1M
1.5M
-3.3M
-363K
702K
508K
-651K
1.5M
-2M
-369K
-343K
303K
-17K
-130K
-162K
402K
-480K
-211K
1.2M
326.6M
99.7M
17.5M
-605.3M
463M
257.9M
199.7M
16.6M
-7.6M
-148.6M
174M
-107.8M
18.3M
20.3M
35.2M
6.7M
-5.9M
-100.5M
110.4M
-21M
482.8M
383.1M
365.6M
971M
507.9M
250M
50.4M
33.8M
41.4M
189.9M
15.9M
123.7M
105.4M
85M
50.6M
43.9M
49.8M
150.3M
39.9M
60.9M
809.4M
482.8M
383.1M
365.6M
971M
507.9M
250M
50.4M
33.8M
41.4M
189.9M
15.9M
123.7M
105.4M
85.8M
50.6M
43.9M
49.8M
150.3M
39.9M
697.5M
297.8M
265.6M
-255.5M
686.5M
762.2M
61.3M
494M
224M
37.8M
373.6M
-57.5M
41.1M
-213.9M
195.6M
-39M
-120.2M
59.7M
125.7M
-80.7M

SEC Filings

PIPR - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 21, 2026
May 20, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 01, 2026
May 01, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 09, 2026
May 20, 2026
2026
8-K

8-K 2026

N/A

March 23, 2026
March 23, 2026
2026
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 06, 2026
February 06, 2026
2026
8-K

8-K 2026

N/A

February 04, 2026
February 04, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 31, 2025
October 31, 2025
2025
Showing 1 to 10 of 341 filings