PIPER SANDLER COMPANIES

PIPR

PIPER SANDLER COMPANIES

PIPR

Insider Sentiment (TTM):

Last Purchase:2025-05-16Last Sale:2026-05-05Shares Purchased (TTM):0Shares Sold (TTM):57,705

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:56,138,772Shares Outstanding:67,841,000Institutional Ownership Pct.:82.75%

Earnings Market Reaction:

Filing Date:2026-08-05Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Asset Not Pledged As Collateral	-	421	435	-60	27	400	351	-9	210	119	342	69
Asset Pledged As Collateral	-	64	67	18	-13	74	75	9	-234	323	93	-77
Assets
Cash And Cash Equivalents At Carrying Value	304	344	809	114	123	126	483	350	321	70	383	52
Receivables From Brokers Dealers And Clearing Orga…	205	111	54	477	167	33	174	99	117	176	212	338
Financial Instruments Owned At Fair Value	-	485	502	446	489	475	426	418	418	442	435	440
Property Plant And Equipment Net	78	75	77	78	77	67	59	56	57	58	61	63
Operating Lease Right Of Use Asset	122	60	64	69	71	78	67	72	67	67	69	70
Goodwill	319	319	319	319	312	312	312	310	302	302	302	302
Intangible Assets Net Excluding Goodwill	97	99	100	103	103	105	108	110	111	114	116	121
Deferred Income Tax Assets Net	147	138	156	136	139	129	162	156	147	139	179	194
Other Assets	189	187	189	192	213	234	184	175	113	129	86	115
Assets	2,327	2,130	2,593	2,220	1,959	1,821	2,256	2,032	1,920	1,822	2,141	1,965
Liabilities And Stockhold…
Short Term Borrowings	15	15	15	15	15	15	10	20	0	0	30	-
Payables To Broker Dealers And Clearing Organizati…	2	41	22	58	6	1	6	2	22	3	1	12
Long Term Debt	-	-	-	-	-	-	-	-	-	-	0	125
Financial Instruments Sold Not Yet Purchased At Fa…	-	43	49	72	64	87	77	111	118	158	149	141
Employee Related Liabilities Current And Noncurren…	400	231	703	442	300	174	563	375	276	161	486	295
Operating Lease Liability	160	97	101	100	101	101	89	95	90	91	94	95
Accrued Liabilities And Other Liabilities	102	145	120	70	74	65	95	67	73	84	82	79
Liabilities	759	572	1,010	757	560	442	840	670	579	497	842	747
Stockholders Equity Inclu…
Common Stock Value	1	1	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital Common Stock	1,011	1,005	958	972	968	988	982	986	973	987	988	985
Retained Earnings Accumulated Deficit	734	681	729	630	581	556	562	505	481	461	454	413
Treasury Stock Common Value	-375	-346	-319	-322	-323	-331	-315	-325	-327	-347	-356	-361
Accumulated Other Comprehensive Income Loss Net Of…	2	2	3	2	4	-0	-1	2	-1	-1	-1	-2
Stockholders Equity	1,373	1,558	1,583	1,283	1,399	1,213	1,228	1,362	1,126	1,101	1,085	1,034
Minority Interest	195	216	212	180	170	165	188	195	215	224	214	184
Liabilities And Stockholders Equity	2,327	2,130	2,593	2,220	1,959	1,821	2,256	2,032	1,920	1,822	2,141	1,965
Accumulated Depreciation Depletion And Amortizatio…	98	94	89	89	115	111	107	104	100	96	91	89
Finite Lived Intangible Assets Accumulated Amortiz…	175	173	171	167	165	163	161	158	155	153	150	146
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	400	100	100	100	100	100	100	100	100	100	100	100
Common Stock Shares Issued	78	78	78	78	78	78	78	78	78	78	78	78
Shares Outstanding	68	68	67	67	67	66	64	64	64	63	61	60
Treasury Stock Common Shares	11	10	11	11	3	3	14	14	15	16	17	18

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-2.30%	-5.13%	-5.19%	-	-	-	-	-	-	-	-	-
2025	-1.60%	10.29%	23.03%	3.61%	8.91%	8.47%	3.13%	7.48%	10.64%	-5.26%	16.67%	1.46%
2024	-0.05%	8.63%	29.86%	12.47%	16.30%	15.70%	2.41%	-10.10%	-8.55%	-6.78%	-19.01%	-3.83%
2023	-	-	-	-	-	-	5.64%	20.25%	17.76%	6.12%	1.52%	16.90%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Per Share Metrics
Diluted EPS TTM	4.36	4.00	3.95	3.50	2.92	2.53	2.22	2.00	1.50	1.35	1.24	1.38
Free Cash Flow Per Share TTM	7.33	7.25	8.67	0.17	0.79	4.38	4.69	8.73	8.18	4.52	4.61	-0.83
Dividend Per Share TTM	2.09	2.13	1.71	1.67	1.66	1.65	1.16	1.12	1.11	1.12	1.41	1.37
Margin Metrics
Gross Profit Margin TTM	39.37%	38.94%	37.70%	35.47%	34.29%	33.35%	34.44%	34.93%	33.48%	34.37%	33.95%	32.77%
Operating Profit Margin TTM	22.87%	21.43%	19.67%	15.55%	13.48%	12.64%	14.26%	14.61%	11.23%	10.64%	9.03%	6.22%
Net Profit Margin TTM	14.65%	14.09%	14.77%	14.46%	12.91%	11.64%	10.28%	9.34%	7.27%	6.74%	6.29%	7.45%
Growth Metrics
Net Revenue Growth (1Y)	32.12%	30.74%	24.33%	13.30%	10.47%	10.25%	12.77%	19.04%	10.00%	1.39%	-5.37%	-24.54%
Net Income Growth (1Y)	49.89%	58.30%	78.69%	75.38%	96.18%	90.25%	84.16%	49.27%	3.46%	-20.86%	-22.75%	-47.81%
EPS Growth (1Y)	47.93%	52.87%	69.89%	67.04%	86.50%	80.04%	73.93%	41.62%	-1.84%	-25.93%	-27.79%	-52.41%
Valuation Metrics
P/E TTM	15.78	18.19	19.69	22.74	21.85	21.92	28.96	30.46	33.08	31.00	28.90	21.70
P/B TTM	3.57	3.33	3.50	4.42	3.23	3.25	3.22	3.18	3.10	2.66	1.90	2.00
P/S TTM	2.31	2.56	2.91	3.29	2.82	2.55	2.98	2.85	2.41	2.09	1.82	1.62
Market Cap	4.90B	5.18B	5.54B	5.67B	4.52B	3.94B	4.56B	4.33B	3.49B	2.93B	2.47B	2.07B
Enterprise Value	4.61B	4.85B	5.11B	5.57B	4.42B	3.83B	4.09B	4.00B	3.17B	2.86B	2.28B	2.14B
Calculated Values
Free Cash Flow TTM	496.10M	491.99M	577.64M	11.57M	52.62M	286.95M	296.99M	556.26M	519.55M	280.35M	275.63M	-50.07M
Net Debt	-289.23M	-329.43M	-431.01M	-99.00M	-108.32M	-111.08M	-472.83M	-330.19M	-320.94M	-69.96M	-188.04M	73.13M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-05Sale

Owner: Doyle, Jonathan J

Title: Hd of Financial Services Group

Shares: 45,000

Price/Share: $80.33

Value: $3,614,850.00

Shares Owned: 477,684

Relationship: Director,Officer

Ownership: Direct

2026-02-11Sale

Owner: Schoneman, Debbra L.

Title: President

Shares: 5,240

Price/Share: $350.52

Value: $1,836,724.80

Shares Owned: 2,896

Relationship: Officer

Ownership: Direct

2025-11-28Sale

Owner: Abraham, Chad R

Title: CEO and Chairman

Shares: 3,000

Price/Share: $336.15

Value: $1,008,450.00

Shares Owned: 53,558

Relationship: Director,Officer

Ownership: Direct

2025-11-21Sale

Owner: Clune, Katherine Patricia

Title: Chief Financial Officer

Shares: 1,367

Price/Share: $324.69

Value: $443,851.23

Shares Owned: 10,425

Relationship: Officer

Ownership: Direct

2025-11-18Sale

Owner: Soran, Philip

Title: -

Shares: 598

Price/Share: $317.05

Value: $189,595.90

Shares Owned: 19,217

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-05	Doyle, Jonathan J	Director,Officer	Hd of Financial Services Group	Direct	Sale	45,000	80.33	$3,614,850.00	477,684	4
2026-02-11	Schoneman, Debbra L.	Officer	President	Direct	Sale	5,240	350.52	$1,836,724.80	2,896	4
2025-11-28	Abraham, Chad R	Director,Officer	CEO and Chairman	Direct	Sale	3,000	336.15	$1,008,450.00	53,558	4
2025-11-21	Clune, Katherine Patricia	Officer	Chief Financial Officer	Direct	Sale	1,367	324.69	$443,851.23	10,425	4
2025-11-18	Soran, Philip	Director	-	Direct	Sale	598	317.05	$189,595.90	19,217	4
2025-11-05	Schoneman, Debbra L.	Officer	President	Direct	Sale	2,500	330.48	$826,200.00	2,896	4
2025-08-11	Geelan, John W	Officer	General Counsel	Direct	Sale	2,000	322.21	$644,420.00	12,645	4
2025-08-06	Abraham, Chad R	Director,Officer	CEO and Chairman	Direct	Sale	8,000	324.09	$2,592,720.00	53,558	4
2025-08-05	Taylor, Scott C	Director	-	Direct	Sale	2,600	319.86	$831,636.00	16,319	4
2025-08-04	Doyle, Jonathan J	Director,Officer	Hd of Financial Services Group	Direct	Sale	3,536	316.67	$1,119,745.12	132,910	4
2025-05-16	Baker, James P	Officer	Global Co-Head IB and Cap Mkts	Direct	Purchase	2,000	267.32	$534,640.00	59,867	4/A
2025-02-14	Smith, Sherry M	Director	-	Direct	Sale	2,483	305.13	$757,637.79	10,479	4
2025-02-13	Schoneman, Debbra L.	Officer	President	Direct	Sale	15,000	299.38	$4,490,700.00	3,837	4
2024-11-07	Doyle, Jonathan J	Director,Officer	Hd of Financial Services Group	Direct	Sale	10,000	335.71	$3,357,100.00	150,095	4
2024-11-07	Geelan, John W	Officer	General Counsel	Direct	Sale	1,500	341.14	$511,710.00	13,565	4
2024-08-21	Soran, Philip	Director	-	Direct	Sale	1,792	263.92	$472,944.64	18,341	4
2024-08-15	Abraham, Chad R	Director,Officer	CEO and Chairman	Direct	Sale	8,000	266.22	$2,129,760.00	38,514	4
2024-08-13	Soran, Philip	Director	-	Direct	Sale	2,583	254.90	$658,406.70	20,133	4
2024-08-09	Geelan, John W	Officer	General Counsel	Direct	Sale	1,789	256.73	$459,289.97	15,065	4
2024-08-05	Doyle, Jonathan J	Director,Officer	Hd of Financial Services Group	Direct	Sale	12,695	236.58	$3,003,383.10	160,095	4
2024-05-20	Schoneman, Debbra L.	Officer	President	Indirect	Sale	1,022	213.39	$218,084.58	43,083	4
2024-05-06	Geelan, John W	Officer	General Counsel	Direct	Sale	1,570	211.14	$331,489.80	16,854	4
2024-03-04	Schoneman, Debbra L.	Officer	President	Direct	Sale	4,795	191.00	$915,845.00	12,140	4
2024-02-27	Schoneman, Debbra L.	Officer	President	Direct	Sale	495	184.54	$91,347.30	17,140	4
2024-02-07	Doyle, Jonathan J	Director,Officer	Hd of Financial Services Group	Direct	Sale	2,013	179.79	$361,917.27	166,214	4
2024-02-07	Abraham, Chad R	Director,Officer	CEO and Chairman	Direct	Sale	11,307	180.67	$2,042,835.69	24,116	4
2024-02-05	Schoneman, Debbra L.	Officer	President	Indirect	Sale	5,000	184.50	$922,500.00	48,083	4
2023-12-15	Schoneman, Debbra L.	Officer	President	Direct	Sale	950	180.12	$171,114.00	14,021	4
2023-12-04	Schoneman, Debbra L.	Officer	President	Direct	Sale	5,000	160.77	$803,850.00	19,971	4
2023-05-23	Abraham, Chad R	Director,Officer	CEO and Chairman	Direct	Sale	3,106	130.72	$406,016.32	24,116	4
2023-05-19	Abraham, Chad R	Director,Officer	CEO and Chairman	Direct	Sale	100	130.00	$13,000.00	29,445	4
2023-05-08	Abraham, Chad R	Director,Officer	CEO and Chairman	Direct	Sale	1	130.00	$130.00	29,645	4
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Institutional Ownership

No data available for chart

2026-03-31

82.75%

Inst. Shares: 56,138,772

Shares Outstanding: 67,841,000

2025-12-31

86.81%

Inst. Shares: 57,841,300

Shares Outstanding: 66,632,000

2025-09-30

83.96%

Inst. Shares: 56,136,424

Shares Outstanding: 66,864,000

2025-06-30

84.89%

Inst. Shares: 56,713,876

Shares Outstanding: 66,812,000

2025-03-31

79.21%

Inst. Shares: 51,893,648

Shares Outstanding: 65,513,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	56,138,772	67,841,000	82.75%
2025-12-31	57,841,300	66,632,000	86.81%
2025-09-30	56,136,424	66,864,000	83.96%
2025-06-30	56,713,876	66,812,000	84.89%
2025-03-31	51,893,648	65,513,000	79.21%
2024-12-31	52,659,532	63,352,000	83.12%
2024-09-30	50,825,612	63,684,000	79.81%
2024-06-30	50,198,344	63,516,000	79.03%
2024-03-31	45,687,408	61,996,000	73.69%
2023-12-31	45,242,248	59,832,000	75.62%
2023-09-30	43,695,568	60,420,000	72.32%
2023-06-30	41,077,016	60,264,000	68.16%
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PIPER SANDLER COMPANIES (PIPR) — SEC Financial Statements & Analysis

PIPER SANDLER COMPANIES (PIPR) is a security brokers, dealers & flotation companies company, incorporated in DE. PIPER SANDLER COMPANIES trades on NYSE as: PIPR. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), PIPER SANDLER COMPANIES reported a 32.12% year-over-year revenue growth, a Gross Profit Margin of 39.37% (TTM), a Price-to-Sales (P/S) ratio of 2.31x (TTM), a Price-to-Book (P/B) ratio of 3.57x (TTM), at a market cap of $4.90B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 32.12%
Gross Profit Margin TTM: 39.37%
P/S TTM: 2.31x
P/B TTM: 3.57x
Market Cap: $4.90B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is PIPER SANDLER COMPANIES in?

PIPER SANDLER COMPANIES (PIPR) operates in the Security Brokers, Dealers & Flotation Companies industry.

What is PIPR's market cap?

PIPER SANDLER COMPANIES (PIPR) has a market capitalization of $4.90B as of 2026-06-30.

What is PIPR's P/E ratio?

PIPER SANDLER COMPANIES (PIPR)'s trailing twelve month P/E ratio is 15.78x as of 2026-06-30.

What exchange does PIPR trade on?

PIPER SANDLER COMPANIES (PIPR) trades on the NYSE.

Where is PIPER SANDLER COMPANIES incorporated?

PIPER SANDLER COMPANIES is incorporated in DE.