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+38.0%
5Y+59.0%
10Y+150.0%
3Y+154.0%
5Y+595.0%
10Y-1382.0%
3Y-426.0%
5Y-6.0%
10Y+1401.0%
Piper Sandler Companies

Piper Sandler Companies Profit Bridge

PIPR ยท NYSE
Revenue1.90B
Cost of Goods Sold (121.76M)
Gross Profit1.78B
Operating Expenses (1.40B)
Operating Income385.53M
Interest Expense (4.84M)
Other Income/Expense-10.98M
Pretax Income374.55M
Income Tax (80.58M)
Net Income281.33M
Net Income
281.33M

Profitability Analysis

Gross Margin

93.6%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

20.2%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

14.8%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

21.5%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Piper Sandler Companies Income Statement

PIPR โ€ข NYSE

Piper Sandler Companies Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
1.9B
1.5B
1.3B
1.4B
2B
1.2B
810.3M
724.4M
835.7M
762.2M
688.5M
665.6M
542M
500M
443.9M
503.4M
486.9M
313.5M
528.1M
537.4M
GROSS PROFIT
(121.8M)
(5.7M)
(10.1M)
(9.5M)
(10.7M)
(14.4M)
(11.7M)
(16.6M)
(20.3M)
(22.5M)
(23.4M)
(25.1M)
(25M)
(19.1M)
(20.7M)
(34.8M)
(18.1M)
(18.7M)
(23.7M)
(32.3M)
1.8B
1.5B
1.3B
1.4B
2B
1.2B
798.6M
707.8M
815.5M
739.7M
665.1M
640.5M
516.9M
480.9M
423.2M
468.6M
468.8M
294.9M
504.4M
505M
OPERATING INCOME
(1.4B)
(1.3B)
(1.2B)
(1.2B)
(1.5B)
(1.1B)
(679.6M)
(635.3M)
(736.1M)
(770.6M)
(578.7M)
(530.2M)
(441.3M)
(411.9M)
(503.3M)
(414.8M)
(412.2M)
(518.5M)
(473.9M)
(471.7M)
(1.3B)
(1B)
(934.8M)
(1B)
(1.3B)
(890.9M)
(544.9M)
(515.4M)
(618.3M)
(541M)
(451.7M)
(421.8M)
(344.1M)
(316.8M)
(287.7M)
(301.7M)
(334.9M)
(353.8M)
(356.4M)
(382.6M)
385.5M
218.4M
122.6M
134.4M
441.5M
68.5M
119M
72.5M
79.3M
-30.9M
86.4M
110.3M
75.6M
69M
-80.2M
53.8M
56.6M
-223.6M
30.4M
33.3M
PRE-TAX INCOME
(4.8M)
(5.7M)
(10.1M)
(9.5M)
(10.7M)
(14.4M)
(11.7M)
(16.6M)
(20.3M)
(22.5M)
(23.4M)
(25.1M)
(25M)
(19.1M)
(20.7M)
(34.8M)
(18.1M)
(18.7M)
(23.7M)
(32.3M)
65.3M
27.2M
16.6M
10.9M
-3.8M
-1.3M
15M
16.2M
11.7M
10.5M
18.2M
23.6M
25.4M
18.8M
22.7M
16.9M
22.6M
-1.7M
37.2M
31.8M
(122.6M)
(210.8M)
(242.5M)
(212.8M)
(204M)
(221.7M)
(134.7M)
(119.9M)
(117.8M)
(229.6M)
(127M)
(108.4M)
(97.2M)
(95.1M)
(215.7M)
(113.1M)
(77.4M)
(164.7M)
(117.5M)
(89.1M)
-11M
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
374.5M
218.4M
122.6M
134.4M
441.5M
68.5M
119M
72.5M
79.3M
-30.9M
86.4M
110.3M
75.6M
69M
-80.2M
53.8M
56.6M
-223.6M
30.4M
33.3M
NET INCOME
(80.6M)
(61M)
(23.6M)
(33.2M)
(111.1M)
(19.2M)
(24.6M)
(18M)
(53.8M)
-17.1M
(27.9M)
(36M)
(20.4M)
(19.5M)
(9.1M)
(32.2M)
(26.2M)
-40.1M
(5.8M)
(10.2M)
281.3M
181.1M
85.5M
110.7M
278.5M
40.5M
111.7M
57M
-61.9M
-22M
52.1M
63.2M
45.1M
41.3M
-102M
24.4M
30.4M
-183M
21.9M
195.4M

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