Piper Sandler Companies logo

Piper Sandler Companies

PIPR

NYSEFinancial ServicesInvestment - Banking & Investment Services

Previous close

$75.02

+$2.16 · +2.96%

Aug 21, 4:00 PM ET

Pre-market

$75.02

$0.00 · 0.00%

Aug 24, 5:04 AM ET

PIPR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

84

Deep Value

Momentum

31

Weakening

Sentiment

74

Bullish

Risk resilience

56

Elevated Risk

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Company profile

Company website

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. It offers investment banking services, institutional sales, and trading services for various equity and fixed income products; research services; advisory services, such as mergers and acquisitions, equity and debt financings, equity and debt private placements, debt capital markets advisory, restructuring and private capital advisory; municipal financial advisory and loan placement services; and various over-the-counter derivative products, as well as underwrites municipal issuances. The company also provides public finance investment banking services that focus on state and local governments, special districts and development infrastructure, project finance, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, housing, and transportation sectors. In addition, it offers equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Further, the company has alternative asset management funds in merchant banking and healthcare to invest firm capital and to manage capital from outside investors; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; alternative asset management strategies; and fixed income sales and trading solutions to banks, registered investment advisors, public entities, credit unions, asset managers, and insurance companies. 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.

Industry
Investment - Banking & Investment Services
Sector
Financial Services
Headquarters
US
CEO
Chad R. Abraham
Listed since
Jan 2, 2004
Employees
1,858

Market position

Day range

Current $75.02

52-week range

Current $75.02

Open
$73.69
Previous close
$72.86
Volume
343.2K
0.57× average
Average volume
599.15K
Average daily volume
Market cap
5.06B USD
Beta
1.42
Market reference 1
50-day average
$75.9692
-1.25% below average
200-day average
$80.9863
-7.37% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.97B USD
EV / EBITDA
12.03×
Earnings yield
4.97%
Free cash flow yield
12.33%

Profitability & efficiency

Return on equity
20.52%
Return on assets
10.85%
Return on invested capital
11.79%

Financial health

Current ratio
22.75×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends109%72%34%-3%Gross margin, FY2021: 99.46%Gross margin, FY2022: 99.31%Gross margin, FY2023: 99.23%Gross margin, FY2024: 99.62%Gross margin, FY2025: 93.61%Operating margin, FY2021: 22.27%Operating margin, FY2022: 9.72%Operating margin, FY2023: 9.36%Operating margin, FY2024: 14.74%Operating margin, FY2025: 20.25%Net margin, FY2021: 14.05%Net margin, FY2022: 8.00%Net margin, FY2023: 6.53%Net margin, FY2024: 12.23%Net margin, FY2025: 14.77%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 99.46%. Gross margin FY2022 99.31%. Gross margin FY2023 99.23%. Gross margin FY2024 99.62%. Gross margin FY2025 93.61%. Operating margin FY2021 22.27%. Operating margin FY2022 9.72%. Operating margin FY2023 9.36%. Operating margin FY2024 14.74%. Operating margin FY2025 20.25%. Net margin FY2021 14.05%. Net margin FY2022 8.00%. Net margin FY2023 6.53%. Net margin FY2024 12.23%. Net margin FY2025 14.77%.

Income trends

Revenue

1.9B USD+28.55%

Operating income

385.53M USD+76.52%

Net income

281.33M USD+55.33%
Income trends across reported periods2.17B USD1.41B USD654.55M USD−104.19M USDRevenue, FY2021: 1.98B USDRevenue, FY2022: 1.38B USDRevenue, FY2023: 1.31B USDRevenue, FY2024: 1.48B USDRevenue, FY2025: 1.9B USDOperating income, FY2021: 441.51M USDOperating income, FY2022: 134.37M USDOperating income, FY2023: 122.59M USDOperating income, FY2024: 218.41M USDOperating income, FY2025: 385.53M USDNet income, FY2021: 278.51M USDNet income, FY2022: 110.67M USDNet income, FY2023: 85.49M USDNet income, FY2024: 181.11M USDNet income, FY2025: 281.33M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.98B USD. Revenue FY2022 1.38B USD. Revenue FY2023 1.31B USD. Revenue FY2024 1.48B USD. Revenue FY2025 1.9B USD. Operating income FY2021 441.51M USD. Operating income FY2022 134.37M USD. Operating income FY2023 122.59M USD. Operating income FY2024 218.41M USD. Operating income FY2025 385.53M USD. Net income FY2021 278.51M USD. Net income FY2022 110.67M USD. Net income FY2023 85.49M USD. Net income FY2024 181.11M USD. Net income FY2025 281.33M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.9B USD1.48B USD1.31B USD1.38B USD1.98B USD
Cost of goods sold121.76M USD5.68M USD10.15M USD9.48M USD10.73M USD
Gross profit1.78B USD1.48B USD1.3B USD1.37B USD1.97B USD
Selling, general, and administrative1.27B USD1.05B USD934.77M USD1.03B USD1.33B USD
Operating expenses1.4B USD1.26B USD1.18B USD1.24B USD1.53B USD
Interest income70.15M USD32.91M USD26.72M USD20.37M USD6.97M USD
Interest expense4.84M USD5.68M USD10.15M USD9.48M USD10.73M USD
Depreciation and amortization27.39M USD27.07M USD37.37M USD31.01M USD42.71M USD
Operating income385.53M USD218.41M USD122.59M USD134.37M USD441.51M USD
Net income281.33M USD181.11M USD85.49M USD110.67M USD278.51M USD

Company facts updated Aug 24, 2026.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.425

2025 complete year-16.2% since 2021

2026 partial: $1.625

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 28, 2026

$0.20

Quarterly

Record Aug 28, 2026 · Payment Sep 11, 2026

Dividend

Ex-dividend May 29, 2026

$0.20

Semi-Annual

Record May 29, 2026 · Payment Jun 12, 2026

Dividend

Ex-dividend Mar 3, 2026

$5.70

Special

Record Mar 3, 2026 · Payment Mar 13, 2026

Dividend

Ex-dividend Nov 25, 2025

$0.70

Quarterly

Record Nov 25, 2025 · Payment Dec 12, 2025

Dividend

Ex-dividend Aug 29, 2025

$0.70

Quarterly

Record Aug 29, 2025 · Payment Sep 12, 2025

Dividend

Ex-dividend May 30, 2025

$0.65

Semi-Annual

Record May 30, 2025 · Payment Jun 13, 2025

PIPR peers

ETFs holding PIPR

Funds reporting this stock among their holdings, ordered by reported position size.

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