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Piper Sandler

PIPR

Piper Sandler Companies is a leading investment bank and institutional securities firm providing comprehensive financial advisory and capital markets services.

Market cap
$5.24B0.0%
Revenue$2.0B+30.9%
Net income$281.7M+38.4%
Free cash flow$369.7M-34.4%
EPS (diluted)$13.08+50.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Today)
Revenue estimate$445.3M
EPS estimate$0.88

Financials

Q1 2026

Income statement

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Revenue$474.4M+32.8%
Net income$65.2M+0.5%
EPS (diluted)$0.92+1.1%

Balance sheet

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Cash & equivalents$344.4M+173%
Total debt$112.2M-3.0%
Total equity$1.3B+10.6%
Total assets$2.1B+17.0%

Cash flow

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Operating cash flow-$291.7M-40.8%
CapEx$2.2M-80.7%
Free cash flow-$293.9M-34.6%

Valuation & ratios

Valuation

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Market cap$5.15B0.0%
Enterprise value$4.92B-3.7%
P/E18.3×-6.0×
P/S2.6×-0.6×

Profitability

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Net margin14%+0.8pp

Returns & leverage

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Return on equity22%+4.5pp
Debt / equity0.1×0.0×

Competitors

Profile

Piper Sandler Companies is a leading investment bank and institutional securities firm providing comprehensive financial advisory and capital markets services. The firm specializes in middle-market corporate advisory, public finance, and institutional brokerage for a global client base. Its core value proposition lies in leveraging deep sector expertise and broad institutional relationships to facilitate complex financial transactions and provide actionable market research.

Competitive position

A prominent middle-market investment bank with specialized leadership in healthcare, financial services, and public finance sectors.

GeographiesUnited States, United Kingdom, Germany, France, Switzerland, Hong Kong, United Arab Emirates
Customer segmentsInstitutional Investors, Middle-Market Corporations, Public Sector Entities, Non-Profit Organizations
Business modelFee-for-service advisory, Transaction-based brokerage, Asset management fees, Underwriting
SuppliersFinancial market data providers, Technology and trading platform vendors, Regulatory bodies (SEC, FINRA), Exchanges (NYSE, NASDAQ)
CustomersCorporate issuers, Institutional asset managers, Municipal governments, Private equity firms
Listed2003
Employees1.7K
CEOChad R. Abraham
FilingsSEC EDGAR

Questions, answered.

What is Piper Sandler's market cap?
Piper Sandler (PIPR) has a market capitalization of $5.2B and trades on NYSE.
What is Piper Sandler's revenue and profitability?
Piper Sandler generated $2.0B in trailing twelve-month revenue with net income of $281.7M, representing a net margin of 14.0%, with free cash flow of $369.7M. These figures are based on the Q1 2026 filing.
Who are Piper Sandler's competitors?
Piper Sandler's key competitors include Morgan Stanley, Jefferies Financial Group, Goldman Sachs, and others. These companies compete in similar markets and product categories.
Who does Piper Sandler partner with?
Piper Sandler's notable partners include FINRA, New York Stock Exchange.
What subsidiaries does Piper Sandler have?
Piper Sandler's subsidiaries include Piper Sandler & Co., PSC Capital Partners LLC, Piper Heartland Healthcare Capital LLC, and others.
Where is Piper Sandler headquartered?
Piper Sandler is headquartered in United States of America and employs approximately 1,725 people. It has been publicly traded since 2003.